Daily Market BriefOct 2, 2025

Daily Market Brief 251002

  • Crypto saw a broad-based rally as the US came face-to-face with another government shutdown: $BTC and $ETH were both up 4%+, currently at $118,575 and $4,343.

  • Metaplanet bought 5,268 BTC for $623MM, raising its total to 30,823 BTC and making it the fourth-largest public bitcoin holder.

  • Other headlines: Strategy shares rose after the IRS clarified CAMT won’t apply to unrealised crypto gains; Congressman Begich renewed his push for a US bitcoin reserve via the BITCOIN Act; and Lighter, a Hyperliquid rival, launched its Ethereum L2 mainnet with low-latency perps and a new points season.

  • During the last 24 hours, the top three gainers were $ATONE, $ZEC, and $SNX, while the top three losers were $CLBTC, $SAROS, and $XPL.

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