Joseph Lubin Transfers 133,298 $ETH ($356.2M) to New Wallet

Bankless co-founder David Hoffman has once again released a bullish piece on ZEC, forecasting that it will hit 10% of Bitcoin's market cap in the current cycle and 25% in the next cycle.

SpaceX (SPCX) has given a strong boost to AI-themed trading. Overnight, the rocket company led by Elon Musk reported revenue that exceeded Wall Street expectations, with its AI business contributing to the top line, leading to a sharp rise in its stock price. The firm also hinted at a potential merger with Tesla (TSLA); if completed, the deal would unite Musk’s largest business entities, marking the largest transaction in history. According to market data from BIT (bit.com), the stock rallied at the opening, surging more than 10% at one point.

ARK Invest’s Q3 2026 DeFi report shows that tokenized equities were the main driver of the quarter’s rebound in on-chain activity. Tokenized equity spot DEX trading volume hit roughly $50 billion, about 9 times the prior quarter’s level, lifting its share of total spot DEX volume from ~1% to ~9%. Total spot DEX volume rose ~13% quarter-over-quarter (QoQ) to $571 billion, marking its first quarterly increase in four quarters. In its first quarter since launch, Robinhood Chain generated ~$65 billion in DEX trading volume and $51 million in network revenue, with its network income nearly matching BNB Chain’s performance in the same period. However, ARK projects that recent adjustments to the gas mechanism will cause the chain’s revenue to decline from current levels. Total stablecoin supply fell ~3% QoQ to $309 billion, but adjusted trading volume rose ~16% QoQ to $781 billion, while monthly active addresses grew ~39% to 73 million. Perpetual contract DEXs saw a divergence between open interest and trading activity: open interest rose ~76% QoQ to $240 billion, while quarterly trading volume dropped ~16% to $1.4 trillion. Hyperliquid’s open interest stood at ~$130 billion, accounting for ~53% of the total. ARK notes this trend points to fewer but larger, longer-held positions.

According to BIT (bit.com) market data, US stocks opened with broad gains across the Neocloud, storage, optical communications, and semiconductor sectors. Neocloud-related stocks rallied across the board: TeraWulf (WULF) rose 6.66%, Hut 8 (HUT) up 5.78%, Cipher Digital (CIFR) up 5.74%, Applied Digital (APLD) up 5.35%, IREN up 5.32%, and Nebius (NBIS) up 4.05%. Storage stocks also strengthened, with Seagate Technology (STX) up 5.55%, SK Hynix (SKHY) up 4.08%, Western Digital (WDC) up 3.98%, SanDisk (SNDK) up 3.77%, and Micron Technology (MU) up 3.48%. All optical communication-related stocks advanced, including Credo (CRDO) up 8.38%, Lumentum (LITE) up 5.84%, Applied Optoelectronics (AAOI) up 4.59%, Ciena (CIEN) up 4.39%, Marvell Technology (MRVL) up 4.01%, and Coherent (COHR) up 3.88%. Most semiconductor stocks rose, with Marvell Technology (MRVL) up 4.01%, AMD up 3.44%, ASML (ASML) up 3.07%, Arm (ARM) up 2.46%, and NVIDIA (NVDA) up 2.29%.

According to market data from BIT (bit.com), SpaceX (SPCX) once surged nearly 10%, notching its largest intraday gain since August, and is currently quoted at $159.7.

GrayScale has announced the launch of an in-kind subscription model, enabling investors to submit eligible digital assets directly in exchange for shares of GrayScale’s corresponding investment products. The firm noted that this approach reduces self-custody burdens, may lower transaction execution costs, and facilitates the integration of related investments into standard portfolio management. Currently, the in-kind subscription is available for 10 products, including the Avalanche Staking ETF (GAVA), Bitcoin Mini Trust ETF (BTC), Chainlink Trust ETF (GLNK), Ethereum Staking Mini ETF (ETH), Dogecoin Trust ETF (GDOG), Hyperliquid Staking ETF (HYPG), Solana Staking ETF (GSOL), Sui Staking ETF (GSUI), XRP Trust ETF (GXRP), and Zcash ETF (ZCSH).