Crypto Market Update: Binance Alpha Adds LITKEY, KITE, TITN Airdrops

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.77 trillion, marking a 0.4% decrease in the last 24 hours.

• Daily trading volume reached $104B

• Bitcoin remains the leader with a 58% dominance, while Ethereum holds a 12.3% share.

• A total of 19,408 cryptocurrencies are currently being tracked.

• The largest gainers of the industry today are Polkadot and the XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $ 109,686, representing a 0.2% loss in the past 24 hours. With $38.5 billion in trading volume and a market capitalization of $2.1 trillion, BTC continues to dominate the cryptocurrency market globally.

• Ethereum trades at $3837, fell 1.7% in the last 24 hours, with a $462 billion market cap and $18.3 billion in trading volume.

Top 5 Trending Coins:

• Aster (ASTER) at $1.18, up 22.2% with TV $2.12B.

• Zcash (ZEC) at $414.34, gained 1.2% with TV $931M.

• Internet Computer (ICP) at $4.12, up 20.4% with TV $411M.

• ZKsync (ZK) at $0.0573 surged 28.4% with TV $793M.

• Plasma (XPL) at $0.2591 fell 14.7% with TV $202M.

Top 3 Gainers:

• DigiByte (DGB) at $0.0091, with a 46.5% jump and a volume of $56.7M.

• Dash (DASH) at $92.24, up by 30.7%, with trading volume close to $1.01B.

• Supra (SUPRA) at $0.0018, shows a 28.5% rise with trading volume of $3.18M.

Top 3 Losers:

• GAME (Virtuals GAME) at $0.04774 with TV of $2.75M, down 17.4%.

• AxyCoin (AXYC) at $1.53 with around $135K in volume, dips 16.4%

• Livepeer (LPT) at $5.32 with $118.4Min trading volume, fell 15.3%.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $311 billion with $80 billion in trading volume, representing No change.

• The DeFi market cap stands at $137.3 billion, down 1% in the last 24 hours, with a trading volume of $7.6 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

The current Fear & Greed Index at 42 reflects rising caution among investors. The fear index is a result of U.S. interest rate cuts, Bitcoin whale sell-offs, lower trading volumes, and global regulatory uncertainty. Despite recent gains, traders remain hesitant amid broader economic and policy-related concerns.

Latest Market News Today

US Senator Warren Denies Binance CZ’s Defamation Claim

• Warren, through her lawyer, said her remarks about Binance founder CZ’s “money laundering plea” were accurate and not defamatory.

• CZ had considered suing Warren, arguing he only pleaded guilty to violating the Bank Secrecy Act, not money laundering.

Tether Launches New Regulated Stablecoin ‘USAT’

• Tether has launched USAT under the GENIUS Act.

• It’s backed 100% by cash and U.S. Treasury reserves, with monthly audits and KYC checks.

• Issued by Anchorage Bank and custodied by Cantor Fitzgerald.

• USDT will continue offshore, backed by gold, Bitcoin, and other assets.

• This dual setup helps Tether enter the U.S. market and compete with USDC.

Cathie Wood’s ARK ETF Backs Tesla, Coinbase, and AI Winners

• Cathie Wood’s ARK Innovation ETF (ARKK) tops with Tesla (12.3%), Coinbase (5.8%), and Roku (5.6%).

• Fund focuses on EVs, crypto, and biotech growth.

• Bitmine surged 543% this year, boosting ARKK’s 28% return.

• ARKK skips Nvidia, favoring smaller AI players like Palantir and AMD.

FTX Creditors Real Crypto Recovery

• FTX creditor advocate Sunil said real recovery is only 9–46%, far lower due to high crypto prices.

• The 143% payout in dollars won’t make creditors whole in crypto value.

• Some projects like Paradex offer extra airdrops to help creditors.

Key Market Events to Watch This Week

• Markets eye major updates as ISM Manufacturing PMI releases Monday.

• Palantir and AMD report earnings early this week.

• The U.S. government shutdown hits day 33.

• Investors await full US-China trade deal details and the S&P 500 earnings wave.

Trump Warns U.S. Could Become ‘Third World’ Without Tariffs

• He called next week’s Supreme Court case on tariffs “one of the most important in history.”

• The President says, Trump tariffs will bring wealth, strong security, and better trade deals.

Binance Alpha Launches New Airdrops and Token Updates

• Lit Protocol (LITKEY) is now live. Claim starts today at 11:00 UTC.

• THORWallet (TITN) & Kite (KITE) Airdrop will launch on November 3. Eligible users can claim airdrops using Points on the Events page.

• Dino Tycoon (TYCOON) will list on November 4.

• AI16Z to ELIZAOS Swap from Nov 6, 10:00 UTC, Binance Alpha 2.0 will suspend AI16Z trading for a token swap. AI16Z will convert to ELIZAOS at 1:6. Trading and deposits for ELIZAOS resume Nov 7, 02:00 UTC.

CoinGabbar’s Opinion

Given the current Fear & Greed Index at 42 and the overall dip of 0.4%, the crypto appears cautious. While top gainers show short-term momentum, rising fear, regulatory uncertainty, and macroeconomic pressures suggest high risk. Investors should avoid major entries now, wait for stability, and focus on gradual, long-term accumulation strategies.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.