Crypto Market Explodes: BLESS Rockets 535% in Just 24 Hours

 

24-Hour Crypto Market Update: Dota 2 YouTube Hacked, Coinbase Announces New Listings

The cryptocurrency market experienced notable fluctuations in the past 24 hours, as investors navigated a combination of technological developments, exchange updates, and high-profile security incidents. According to CoinMarketCap, the global crypto market capitalization currently stands at $3.86 trillion, reflecting a 1.9% decline over the last day. Daily trading volume reached $199 billion, indicating ongoing active participation from retail and institutional players alike.

Source: Forex Factory

Bitcoin and Ethereum Price Trends

Bitcoin (BTC) continues to dominate the market with a 57.2% dominance, trading at $110,964, down 1.5% in the last 24 hours. BTC’s 24-hour trading volume reached $63.3 billion, and its market capitalization remains at approximately $2.2 trillion, underscoring its position as the primary benchmark for the cryptocurrency sector.

Ethereum (ETH), the leading smart contract platform, is trading at $4,005, down 2.2% over the same period, with a market capitalization of $483 billion and a daily trading volume of $44.7 billion. ETH’s dominance continues to reflect its importance in decentralized finance (DeFi), non-fungible tokens (NFTs), and emerging blockchain applications.

Top Market Movers and Gainers

Several altcoins posted remarkable gains in the past 24 hours. Bless (BLESS) surged 535.6%, now priced at $0.20 with a trading volume of $271 million. ChainOpera AI (COAI) rose 58.9%, trading at $16.27, while Access Protocol (ACS) climbed 38.2%, reaching $0.0008374. Other notable performers included Open Campus (EDU), which increased 11.6%, and Plasma (XPL), up 2.2%.

Conversely, the market saw notable declines as well. Fefe (FEFE) dropped 80.3%, trading at $0.03589, while Nockchain (NOCK) fell 31.7%, and DORA (DORA) decreased 31.8%, highlighting the volatility that continues to characterize smaller-cap tokens.

Source: Alternative Me

Stablecoins and DeFi Overview

Stablecoins maintained a market capitalization of $312 billion, with a daily trading volume of $155 billion, demonstrating continued use as safe-haven assets amid market volatility. The DeFi sector faced a 4.1% decline, bringing its market cap to $142 billion, with a trading volume of $9.5 billion, representing 3.7% dominance in the overall market.

The Crypto Fear and Greed Index currently stands at 28 (Fear), down from yesterday’s reading of 34. Analysts attribute the market sentiment decline to ongoing political tensions, recent price drops, high volatility across projects, and broader macroeconomic uncertainties.

Key Industry Developments and News

• SEC Innovation Exemptions: At DC Fintech Week, SEC Chairman Paul Atkins emphasized the agency’s focus on crypto and tokenization. He outlined plans for an “innovation exemption” to accelerate on-chain product approvals, aiming to unify regulatory oversight under a comprehensive framework for emerging digital assets.

• Aptos Updates: At the Aptos Experience event, Decibel revealed its upcoming testnet launch in November 2025, with the mainnet planned for early 2026. Designed for trading, lending, and cross-chain interoperability, the platform aims to enhance DeFi performance with improved speed and privacy.

• Paxos Minting Incident: On October 15, Paxos mistakenly minted 300 trillion PYUSD tokens due to an internal transfer error. The surplus existed for only 22 minutes before being burned. Paxos confirmed no security breach occurred and customer funds remained unaffected.

• Coinbase Listing Announcements: Coinbase updated its listing roadmap, focusing on verified assets. Newly added coins include BNB, QCAD (Ethereum), Keeta (Base), and DoubleZero (Solana). Trading will commence only after official announcements to ensure investor protection.

• Eric Trump Real Estate Tokenization: Eric Trump revealed a partnership with World Liberty Financial (WLFI) to tokenize real estate investments. Using WLFI’s USD1 stablecoin, investors can participate in fractional ownership with as little as $1,000, gaining hotel perks and potential revenue streams.

• Bank of England Stablecoin Limits: Deputy Governor Sarah Breeden indicated that temporary restrictions may be applied to systemic stablecoins to protect bank deposits and lending. Limits include £20,000 per individual and £10 million for businesses, with measures expected to be lifted once systemic risks subside.

• Federal Reserve Beige Book: The report highlighted a stable U.S. economic outlook, with slight decreases in consumer spending, softer labor demand, and moderate wage growth. Inflationary pressures persist due to tariffs and rising costs, while business sentiment remains mixed.

• Backpack x Superstate Partnership: The fintech collaboration will allow on-chain trading of SEC-registered Nasdaq and NYSE stocks via tokenized shares, bringing traditional equity markets to blockchain users with real ownership rights.

• Connectia Trust Crypto Bank: Sony Bank’s subsidiary has applied for a U.S. OCC national crypto bank charter. The initiative aims to issue a USD-backed stablecoin, maintain reserves, and offer digital asset custody services.

• Binance Listing Insights: CEO Changpeng Zhao (CZ) emphasized that credible projects do not need to pay for listings, as exchanges compete to attract quality tokens. Deposits for marketing are refundable, ensuring community resources are used for education, competitions, and airdrops.

• Dota 2 YouTube Hack: The official Dota 2 channel was briefly compromised to promote a Solana-based token, Pump Fun, now priced at $5,500, mostly held in a single wallet and down 21% since launch.

• Bitfarms Fundraising: Bitcoin mining company Bitfarms announced plans to raise $300 million through convertible bonds maturing in 2031. The funds will support expansion, general corporate needs, and offset dilution from bond conversions.

• Coinbase Blue Carpet Program: Coinbase launched “The Blue Carpet,” a program designed to guide asset issuers through the listing process. The initiative provides direct access to Coinbase’s listing team, offering resources for project promotion, partnership formation, and regulatory navigation.

Market Outlook

Despite short-term declines, the cryptocurrency sector remains dynamic, with institutional involvement, platform innovations, and emerging applications driving long-term growth. Investors are advised to monitor regulatory developments, stablecoin trends, and exchange updates closely, as these factors continue to influence market volatility and asset performance.

With the market cap holding near $3.86 trillion, and the presence of both rapid gainers and significant losers, cautious optimism and informed trading remain critical for participants.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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