October 6, 2025 | Summary of notable crypto news in the past 24 hours!

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1. Bitcoin has quickly rebounded, surpassing $124,000. Ethereum is now trading above $4,500.

2. According to The Block , since the beginning of 2025, perpetual swaps have accounted for 75% of total volume on centralized exchanges (CEX) , with a trading value of nearly $49 trillion — much higher than spot trading at $14.8 trillion and options trading at $1.3 trillion . This ratio is also slightly up from 72% in 2024 .

3. Aster announced on the X platform (Twitter) that the project will add more flexible options for S2 community rewards , specifically including two options:

  • Option 1: Receive ASTER Token Airdrop as usual.

  • Option 2: Refund all S2 phase transaction fees and participate in free trading in upcoming activities.

Users can choose one of two options when the redemption page opens on October 10 , and the redemption period will end after 48 hours , on October 12 .
If the user (Yinghu) does not select , the system will automatically apply option 1. The ASTER Airdrop Token will start to be distributed from October 14 , while the transaction fee refund will be Chia into several installments after the redemption period ends .

4. defillama founder 0xngmi spoke up on X, clarifying the Aster delisting . He confirmed that defillama did not receive any money or benefits for the listing/delisting and did not hold HYPE or ASTER . The decision to delist Aster was made after a spike in volume , forcing the team to investigate further. defillama said they were only concerned with data accuracy and transparency .

5. The community Pre-Sale of Limitless , a prediction market on Base , held on Capital LaunchpadKaito AI’s Capital platform – has ended . The total amount of subscriptions exceeded 200 million USD , 200 times higher than the expected level .

6. Spot gold hit $3,924.39 an ounce, setting an All-Time-High (ATH).

7. Defiance files with the SEC to launch 49 3x leveraged ETFs , including tech and crypto companies like Coinbase, MicroStrategy, Robinhood, BitMine Immersion, Circle , and digital assets like Bitcoin, Ethereum, Solana , and related ETFs. Defiance has previously offered multiple 2x leveraged ETFs.

Expert Sumit Roy (ETF.com) commented that this move shows that the regulator may be more open to highly volatile products , but only suitable for risky short-term traders .

8. Mechanism Capital partner Andrew Kang calls Tom Lee 's ETH bullish argument “stupid.” Responding at the Token 2049 forum , Tom Lee said: “In the crypto world, ‘stupid’ is also a compliment, and I XEM it as a compliment. I am ETH-tarded.”

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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