Markets ignore the U.S. government shutdown and weak hiring and move forward
📰 What's happening: recent context
1. Government shutdown in the U.S. The U.S. government entered a shutdown due to a lack of budget agreement, which has led many federal agencies to reduce operations or suspend data publications. As a result, key official indicators such as the non-farm payroll report (NFP) may not be published or may be delayed.
2. Weak private hiring (ADP) — signals of labor weakness In the absence of official data, the private sector report (ADP) reported a loss of ~32,000 jobs in September, which is a surprisingly negative figure given growth expectations.
Deployments/roadmap: expansion of Interchain Security (ICS), improvements in IBC, and tools to reduce routing costs — if the proposals and rollouts materialize, the Hub gains utility (more chains using the Hub's security means more fees and reasons for staking/holding ATOM).
Growing DeFi and RWA integration / liquid staking: more products using stATOM / liquid-staking or requiring IBC can increase demand for ATOM as a security or collateral asset.
Strategic “vision” risk / pivots: team or lab decisions (for example, news about pivots or changes in the smart-contract strategy at the Hub) can reduce expectations about Hub-centered utility. (see reports on shifts in ecosystem development focus).
High staked portion + dynamic issuance/inflation: if a lot of supply is locked, while the system simultaneously issues ATOM for rewards — changes in the mix can create selling pressure when stakers liquidate or when the performance narrative shifts.
Macro / crypto-beta: ATOM typically behaves as a risk asset; widespread declines in crypto or rotation out of risk-on can quickly damage the price.
Regulatory risk and competition: L1 competitors and regulatory changes (or technical issues) can reduce adoption.
Bullish Catalysts (why ATOM could continue rising)
Deployments/roadmap: expansion of Interchain Security (ICS), improvements of IBC and tools to reduce routing costs — if the proposals and rollouts materialize, the Hub gains utility (the more chains use the Hub's security, the more fees and reasons for staking/holding ATOM).
Growing DeFi and RWA integration / liquid staking: more products that use stATOM / liquid-staking or that require IBC could increase demand for ATOM as a security or collateral asset.
Risk of "strategic vision" / pivots: team or lab decisions (for example news about pivots or changes in the smart-contract strategy in the Hub) can reduce expectations about Hub-centered utility. (see reports on changes in focus in ecosystem developments).
High staked portion + dynamic issuance/inflation: if a lot of supply is locked, at the same time the system issues ATOM for rewards — changes in the mix can create selling pressure when stakers liquidate or when the performance narrative changes.
Macro / crypto-beta: ATOM tends to behave as a risk asset; widespread declines in crypto or rotation out of risk-on quickly damage the price.
Regulatory risk and competition: L1 competitors and regulatory changes (or technical issues) can reduce adoption.
A significant portion of the supply is delegated (staked) — ecosystem sources show a high staked percentage (e.g.: ATOMScan reports ~57.4% staked in its snapshot). This reduces the available liquid supply on exchanges and affects price sensitivity to capital inflows/outflows.
The inflation/rewards mechanism of the Hub causes annual issuance and delegator rewards to vary according to the staked proportion (rule: when <67% staked inflation and rewards can rise to a ceiling; above ~67% they decrease). This means that the monetary mechanics of the protocol remain a structural driver of supply/demand.
$ATOM
On-chain signals / ecosystem demand
IBC / interchain traffic: the IBC volume (transfers between Cosmos zones) remains significant — tools like MapOfZones show that several zones handle tens of millions in IBC volumes in recent windows, indicating inter-chain use and demand for liquidity within the Cosmos ecosystem. Higher IBC traffic tends to be positive for the utility of ATOM (hub routing, fees, usage).
DeFi liquidity (Osmosis and ecosystem DEXs): Osmosis remains the main DEX in the ecosystem and shows relevant activity / TVL — the health of the DEX and the volume on the network provide demand for ecosystem assets (including pairs/collaterals where ATOM is used).
Non-farm payrolls (NFP) in the U.S. and how the government shutdown is affecting
📋 What are non-farm payrolls (NFP) It is one of the most closely watched economic indicators on a monthly basis in the U.S. Shows how many jobs were added (or lost) in the non-farm sector (excluding agriculture, government, etc.). It also includes data such as the unemployment rate, average hours worked, average hourly wages, etc. It is a key input for the Federal Reserve (Fed) to assess the state of the labor market and decide on monetary actions. #NFP 🛑 Impact of the government shutdown on the NFP report
The employment report in the U.S. / jobs report has been delayed due to the partial government shutdown
🛑 What happened to the report?
The federal government shutdown has led many agencies, including the Bureau of Labor Statistics (BLS), to operate with reduced staff or in 'furlough' mode, which has halted the release of the monthly employment report.
Although the data for the report would have already been collected internally, the government has decided not to publish them while the shutdown continues.
This is the first time since at least 2013 that an employment report of this type has been delayed for this reason.
EVAA (also known as EVAA Protocol) is a liquidity/loan/lending/DeFi protocol operating within the TON ecosystem. It is integrated with Telegram, allowing users to lend, borrow, and generate yield directly via Telegram Mini Apps or its web interface.
The EVAA token has utility within the protocol: reduction of loan/liquidation fees, staking/liquidity rewards, governance rights, etc.
The token is deflationary with a release schedule designed to moderate downward pressure and encourage stable growth.
The listing on Binance (especially with futures/perpetual support) gives visibility to the project to a much larger audience and may attract significant liquidity.
Having pairs across multiple networks (TON, BNB Chain) lowers the geographical and technical entry barriers for new users.
If the EVAA team delivers on the promised functions (fee reductions, rewards, real utility of the token), it could generate stronger adoption.
But volatility will be high at the beginning: in new launches, it is common to see sharp fluctuations, speculative "pump & dump" movements, and high dispersion between expectations and reality.
Morpho is a decentralized credit/loan protocol (DeFi lending protocol) that operates on the Ethereum and Base networks.
The central idea is to optimize the rates for both lenders and borrowers, through a peer-to-peer mechanism combined with underlying liquidity reserves.
Additionally, it allows developers to create isolated markets (custom markets) with different parameters: collateral, interest models, liquidation thresholds, etc.
#Morpho 🪙 MORPHO Token: governance, structure, and functions
The MORPHO token is the governance token of the Morpho protocol: holders can vote on DAO decisions, protocol improvements, market parameters, etc.
It has a “legacy” version and a “wrapped” version that enables on-chain voting functionality. Users must convert from legacy to wrapped if they want full participation in governance.
The maximum supply is 1 billion MORPHO.
Initial distribution: according to the official documentation, part of the tokens are allocated to the DAO, users (rewards), strategic partners, team, etc., with different vesting/blocking schedules.
Although Morpho seeks advantages over traditional protocols (for example Aave, Compound), it remains a DeFi protocol with inherent risks: bugs, exploits, contract failures, frontend vulnerabilities, etc.
The “wrapped vs legacy” token phase can cause confusion or errors if someone interacts with the wrong version of the token.
Liquidity and trading volume in new markets can be more volatile.
Governance decisions can greatly affect the direction of the protocol, especially since the token has a control function.
Binance burns 356M $LUNC and XRP sees whale accumulation
🔥 Binance burns 356 M $LUNC What is being reported Tweets and reports are circulating that say: 'Terra Classic Supply Shrinks as Binance Burns 356M $LUNC Today!' — that is, Binance would have burned 356,538,666 units of LUNC as part of its monthly burns on trading fees. Binance has a post titled 'LUNC Burn Rumors' in which it denies that there is an official plan for a massive one-time burn of that amount. Other reports indicate significant movements from whales (for example, 106 B LUNC moved) and recent burns of 425 M LUNC.
Circle expands treasury to Solana and Tether mines 2B USDT
🔹 Circle expands its tokenized treasury to Solana
Circle has expanded its tokenized treasury fund, USYC (a government debt money market fund, tokenized), to be available on the Solana blockchain, in addition to the networks where it was already available (Ethereum, NEAR, Base, Canton) This fund represents a tokenized portion of government securities, with the possibility of immediate redemption to USDC (Circle's stablecoin), but it is designed for non-U.S. institutional investors who pass KYC checks and approval to use it in on-chain applications
FG Nexus partners with Securitize to tokenize its shares on Ethereum
📰 What was announced exactly
FG Nexus (traded on Nasdaq under the ticker FGNX, and with preferred shares FGNXP) signed an agreement with Securitize to allow its shareholders to opt to tokenize their common and preferred shares directly on the Ethereum blockchain. #FGNX These tokenized versions would have the same legal rights as traditional shares (voting, ownership, etc.), but with benefits of the blockchain environment such as instant settlement, on-chain transfers, and automated compliance.
U.S. government shutdown drives crypto prices and puts ETFs on pause
📰 What is happening On October 1, 2025, a partial government shutdown began in the U.S. as Congress did not timely approve a budget extension. As a consequence, many federal agencies — including the SEC (Securities and Exchange Commission) — are entering 'furlough' mode (reduced activity, personnel on leave) and operating only with essential services. In the crypto sphere, this means that reviews of new applications for financial products like crypto ETFs could be temporarily halted.
2Z is a utility token for the DoubleZero network. Its role is to pay for network services, incentivize infrastructure contributors (for example, those who provide network links), staking, and other mechanisms within the ecosystem.
Blockchain / standard: Initially issued on Solana as an SPL token (Solana Program Library)
Total supply: 10,000,000,000 2Z (10 billion)
Initial circulating supply / distribution: At the time of listing, about 3,471,417,500 2Z will be in circulation (≈ 34.71 % of the total)
Airdrops / incentives:
• Binance has announced that it will conduct an airdrop of 35 million 2Z for eligible users (program “HODLer Airdrops”) • There are also special programs for users who had BNB in “Simple Earn” products during specific dates, allowing them to participate in the airdrop.
Regulation / SEC stance (U.S.): • The SEC issued a “no action” letter for DoubleZero / 2Z, meaning that, based on the facts presented, it will not seek regulatory action against the project. • This suggests that the SEC considers 2Z does not qualify as a security in this context, at least according to how the project is structured.
📅 Listing details on Binance
Binance Futures will launch a perpetual contract 2Z/USDT with up to 50× leverage at 12:30 UTC on the same day.
Planned spot pairs include: USDT, USDC, BNB, FDUSD, and TRY —multiple supports to facilitate liquidity.
⚠️ Risks, unknowns, and points to watch
Initial liquidity: At new listings, liquidity is often low at the start, which can favor sharp price movements.
Competition and DePIN ecosystem: DoubleZero is part of the DePIN space (decentralized physical networks). Other projects may compete for the same niche.
Cathie Wood claims that Bitcoin leads the crypto space
📰 What did she say exactly In a Master Investor podcast interview, Cathie Wood stated that: > “Bitcoin owns the cryptocurrency space when it comes to pure crypto. Bitcoin is the cryptocurrency. We think it’s going to be the biggest one by far. By far.” #bitcoin She distinguishes what she calls “pure cryptocurrencies” from the rest of the “crypto assets,” and places Bitcoin as the central core of her vision of the ecosystem. According to Wood, the reasons why she believes Bitcoin leads are:
$SOL is showing signs of recovery today (~ +1.24 %) according to recent data.
✅ What makes me think it could continue to rise
1. Technical bounce after previous correction After drops, many assets experience "classic" bounces when they find support. In the case of SOL, it may have been down long enough to attract buyers who believe it is now "cheap".
2. Signs of risk appetite / capital flow If investors start taking risks again (because other cryptos are improving, favorable news from the crypto or macroeconomic market), SOL may receive support. Sometimes large tokens like SOL act as a "gateway" for crypto flow to rise.
3. Ecosystem fundamentals SOL has a strong ecosystem, multiple developments, and a lot of activity in DeFi/NFTs on that chain. If those projects show improvements or new integrations, the token may benefit.
4. Increasing buying volume If the volume supports this rise (i.e., it's not just a weak technical bounce), it is an indication that real buyers are entering.
$SOL
⚠️ What makes me cautious / the risks
The rise could be just a relief bounce if there is no clear base: if it drops again, it could lose strength quickly.
Immediate resistances could hinder the rise: if it encounters strong selling near high areas, it may pull back.
If the broader crypto market weakens (Bitcoin, macroeconomic), it could drag SOL down again.
It must be confirmed that the volume supports it: rises without strong volume often fail.
Summary about MASK (MetaMask token) — what it is, potential utility, and risks
ConsenSys / MetaMask confirmed that a token called “MASK” is on the way (Joe Lubin said it could arrive “sooner than expected”). The idea is to use it to decentralize parts of the wallet — governance, incentives, and functions within the MetaMask/Linea ecosystem — but the official details (tokenomics, contract, airdrop schedule) have not yet been published. #MetaMask What it could be and why it would make sense Expected utility: governance of MetaMask functions, rewards/incentives for users using the wallet (swaps, bridges, participation), and possible utilities within the ConsenSys ecosystem (for example with Linea and mUSD). It is reasonable to imagine that part of the distribution will target developers/users to encourage use and security.
Joseph Lubin, CEO of ConsenSys and co-founder of Ethereum, confirmed in an interview that the MetaMask token (“MASK”) is on its way, and it could arrive “sooner than many expect.”
The token is framed as part of the decentralization of certain aspects of MetaMask: that is, the idea is that not everything remains centralized operation, but rather that some components can be governed or participated in by the community.
So far, there has been no official release date published, no definitive tokenomics, distribution criteria, or exact feature list for MASK.
Recent price of KERNEL: US$ 0.21179 (≈ +3.44 % compared to the previous close)
On CoinMarketCap, it indicates that it has risen ~5.97 % in the last 24 h.
Binance (Square / its news channel) shows that KERNEL / USDT has visible movement, has held support levels (~0.2031) and reached intraday highs (~0.2249) on the rise.
1. Strong reaction The fact that it regained ground and registered a rise today indicates that buyers are defending key areas, which is a relatively positive sign in this type of high-risk tokens.
2. Respected support KERNEL maintains support at ~0.2031 according to reports — if that support holds, it is a point from which it could have rebounds with more confidence.
3. Volume / visibility The presence of visible volume in its upward movement suggests that it is not just an insignificant technical rebound, but there could be some real interest. (Although I do not have specific volume data at the moment).
$KERNEL
⚠️ What worries me / will be key to watch
Nearby resistance Levels ~0.224-0.230 could act as a strong technical barrier; if it cannot break them with conviction, it could pull back.
Sustainability of momentum It will need to maintain volume or receive new capital flows for the rise not to fade away. If the momentum is weak, it may just be a correction within a previous downward trend.
General crypto market context If the leading cryptos (BTC, ETH) pull back, KERNEL could also be affected because they tend to be correlated with the general sentiment.
Risk of “pump and dump” Since KERNEL is a token with a technical proposal (restaking, large TVL, etc.), there is a risk that today’s movement is influenced by speculators taking advantage of news / momentum, rather than consolidated fundamentals.
1. Change in technical sentiment The fact that ATOM has reversed part of the recent drop indicates that buyers are returning. If that rebound is supported by reasonable volume, it could mark a turning point or at least a technical bounce.
2. Defended support If today the price had support at ~US$ 3.97-4.00, and managed to rise from there, that confirms that this floor is working, at least in this session. Buyers found it attractive to enter.
3. Possible oversold correction After weeks of declines or downward pressure, assets often partially rebound as a mechanism of "adjustment". ATOM could be in that phase of technical correction.
4. Attraction of interest / flow A positive movement can attract attention from traders/investors who were waiting for signs of strength. That effect of "slight FOMO" can add additional purchases.
Plasma is a layer-1 (blockchain) designed for global payments with stablecoins, intended for USDT (or other stablecoins) transfers to be “gasless” for simple transactions.
XPL acts as a token for more complex fees (contract deployment, DeFi operations), staking, and rewards for validators.
In Binance's announcement, it was explained that XPL will be added to multiple services: Spot, Earn, Convert, Margin, Futures, etc.
It is a very new token, in price discovery: volatility is extremely high.
The part of the supply (82 % remaining) that is not circulating yet could be locked or intended for team/investors; future unlocks may generate selling pressure.
There is a risk that many of the initial purchases are speculative.
Pending that the promises (zero-fee stablecoin transfers, adoption, effective integrations) actually materialize, not just as announcements.