Odaily News: On October 13, according to SoSoValue data, the crypto market experienced a broad decline, with 24-hour losses generally ranging from about 2% to 7%. The RWA sector showed weakness, dropping 6.94%. Within the sector, Centrifuge (CFG) fell 11.47%, and Ondo Finance (ONDO) declined 9.60%. The AI sector dropped 6.25%, with Unibase (UB) falling 13.58% and Fetch.ai (FET) declining 10.55%, though Render (RENDER) bucked the trend with a 5.83% gain.In addition, Bitcoin (BTC) fell 1.40%, briefly dropping to near $81,000 before recovering above $82,000; Ethereum (ETH) declined 2.91%, falling below $2,500.In other sectors, the CeFi sector dropped 2.13% over 24 hours, with Aster (ASTER) falling 3.57%; the Layer1 sector declined 4.21%, with NEAR Protocol (NEAR) dropping 10.99%; the PayFi sector fell 4.40%, though Safe (SAFE) remained relatively resilient with a 16.60% gain; the Layer2 sector dropped 5.53%, with Starknet (STRK) plunging 27.26%; the DeFi sector declined 5.90%, with Ethena (ENA) falling 12.25%; the Meme sector dropped 6.04%, with Pons (PONS) declining 18.75%.Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiLayer2, and ssiDeFi indices fell 7.59%, 6.70%, and 6.63% respectively.

Odaily News — On October 12, according to SoSoValue data, crypto market sectors showed mixed performance. The Layer2 sector rose 6.62% over 24 hours, with Starknet (STRK) surging 111.53%, while Optimism (OP), Celestia (TIA), and zkSync (ZK) gained 15.45%, 20.38%, and 34.23% respectively. Meanwhile, the DePIN sector rose 6.24%, with Grass (GRASS) up 49.41% and Filecoin (FIL) up 13.91%.In addition, Bitcoin (BTC) rose 1.43%, breaking through $83,000; Ethereum (ETH) gained 0.14%, breaking through $2,500.Other standout sectors include: the RWA sector rose 4.74% over 24 hours, with Plume (PLUME) up 22.68%; the DeFi sector gained 2.29%, with Wormhole (W) up 37.16%; the PayFi sector rose 0.86%, with Zcash (ZEC) up 6.47%; the Layer1 sector gained 0.61%, with NEAR Protocol (NEAR) up 15.52%.Among other sectors, the Meme sector declined 0.58%, with MemeCore (M) down 12.49%; the CeFi sector fell 0.72%, with Cronos (CRO) down 1.43%.Crypto sector indices reflecting historical sector performance showed that the ssiDePIN, ssiRWA, and ssiDeFi indices rose 6.37%, 4.74%, and 1.94% respectively.

Odaily News: The crypto market remains range-bound. Bitcoin rose 0.82% this morning, breaking above $84,000, while Ethereum is trading at $2,535, BNB at $754, and SOL at $111. The total crypto market cap declined 0.3% in 24 hours to $2.894 trillion.In terms of sectors, Layer 2 scaling and modular sectors stood out. MAGIC surged 38.96% in 24 hours to $0.1359, while S, W, LUMIA, PLUME, and STRK gained 27.81%, 24.26%, 21.44%, 21.21%, and 20.52% respectively.

Odaily News — Blockworks analyst Jake Koch-Gallup published a piece rebutting the view that Ethereum is losing its liquidity moat, arguing that although ETH's value capture capability and stablecoin market share face challenges, its reserve asset properties, Layer 2 ecosystem, and institutional adoption still constitute long-term competitive advantages.Jake pointed out that ETH's valuation depends not only on real economic value (REV), but also includes reserve asset and collateral premiums, with its current market cap at approximately 1,100 times its REV over the past 12 months. Ethereum still accounts for roughly 65% of DeFi's total value locked and about 45% of on-chain RWA management scale. Spot ETFs and corporate treasuries collectively hold approximately 13% of ETH's supply, while another roughly 36% of the supply is in staking.Additionally, he believes that the development of Layer 2 networks such as Base and Robinhood Chain still helps strengthen the Ethereum ecosystem, and the overall expansion of the stablecoin market may also offset the impact of declining share. However, he acknowledged that without sufficient revenue and value回流 mechanisms, relying solely on reserve asset premiums to support ETH's valuation still faces sustainability debates.

Odaily News: On October 9, according to SoSoValue data, the crypto market declined across the board, with 24-hour drops generally ranging from about 2% to 6%. The AI sector fell 5.09%, with Bittensor (TAO), Virtuals Protocol (VIRTUAL), and Venice Token (VVV) dropping 7.27%, 8.34%, and 10.24% respectively, while SoSoValue (SOSO) bucked the trend with a 13.11% gain.Meanwhile, Bitcoin (BTC) fell 1.55%, dropping below $81,000 intraday; Ethereum (ETH) declined 3.88%, falling below $2,500.In other sectors, the Layer2 sector dropped 1.47% over 24 hours, but Starknet (STRK) rose 21.98%; the PayFi sector fell 3.90%, with Zcash (ZEC) declining 9.71%; the DeFi sector dropped 3.97%, with Uniswap (UNI) falling 7.94%; the CeFi sector declined 4.23%, with OKB dropping 5.93%; the Meme sector fell 4.58%, while 币安人生 (币安人生) remained relatively resilient, surging 7.15% intraday; the Layer1 sector dropped 4.96%, with NEAR Protocol (NEAR) falling 12.46%.Crypto sector indices reflecting historical sector performance show that the ssiAI, ssiMeme, and ssiNFT indices declined 7.15%, 5.41%, and 4.89% respectively.

Odaily reports that Proposal 39 of Ethereum Layer 2 network Taiko has passed the community veto window and completed execution on both Ethereum L1 and Taiko L2. Following the upgrade, the ERC20Vault of the Taiko bridge now supports Permit and Permit2, allowing users to bridge tokens without initiating a separate Approve transaction; the Ether gas payment limit of the Taiko bridge has also been raised, and a new BridgedERC20V2 template has been deployed on both L1 and L2. Taiko stated that the related features have completed end-to-end testing, covering ETH, ERC20, ERC721, and ERC1155 assets as well as bidirectional bridging scenarios.

Odaily News: On October 8, according to SoSoValue data, crypto market sectors declined broadly, with the RWA sector leading the drop, falling 6.73% over 24 hours. Among them, Sky (SKY) dropped 9.85%, and Ondo Finance (ONDO) fell 3.61%. Meanwhile, Bitcoin (BTC) declined 2.41%, briefly falling below $83,000 during intraday trading; Ethereum (ETH) dropped 3.86%, falling below $2,600.In other sectors, the CeFi sector declined 1.05% over 24 hours, with Cronos (CRO) falling 4.56%; the Layer1 sector dropped 1.70%, but NEAR Protocol (NEAR) rose 5.40%; the DeFi sector fell 3.09%, with Morpho Token (MORPHO) declining 4.46%; the Layer2 sector dropped 3.33%, with ImmutableX (IMX) falling 4.78%; the PayFi sector declined 3.58%, with Telcoin (TEL) falling 4.61%; the Meme sector dropped 3.61%, with Cash Cat (CASHCAT) falling 7.65%.Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiDePIN, and ssiSocialFi indices declined 6.42%, 5.84%, and 4.79%, respectively.

Odaily: Ethereum Layer-2 network Blast has announced its shutdown due to operating costs exceeding revenue, and initiated liquidation on October 2. Coinbase will suspend BLAST trading on October 20, and users must withdraw their assets by October 26; after that, they will need to use the Blast bridge contract on Ethereum. Platforms including BTSE, Bitvavo, and Bybit have also announced the delisting or suspension of BLAST. The BLAST token has dropped approximately 99% from its peak and is currently trading at around $0.00024; Blast's TVL has fallen from a peak of $2 billion in June 2024 to approximately $24 million to $32 million.

Odaily News: Abstract has announced that the network will gradually wind down, with the chain set to cease operations on December 15, 2026, after which any funds not migrated will become inaccessible. Users can migrate their assets through the official migration center or the native cross-chain bridge, with the native bridge expected to have a delay of approximately 3 hours. Abstract stated that a chain focused on consumer-grade crypto is difficult to sustain as a standalone model, citing factors such as a limited DeFi ecosystem and weak on-chain liquidity that have led to stagnant network growth. Abstract, launched by the Pudgy Penguins team, is an Ethereum Layer 2 network that had previously attracted over 400,000 users and deployed more than 144 applications. Abstract is reminding users to beware of fraudulent migration websites.

Odaily News - September 28 - According to SoSoValue data, crypto market sectors showed mixed performance, with the RWA sector standing out with a 4.24% gain over 24 hours. Among them, Ondo Finance (ONDO) rose 6.16%, and Sky (SKY) gained 4.25%. However, Bitcoin (BTC) declined 0.97%, falling below $84,000; Ethereum (ETH) dropped 1.59%, falling below $2,700.In other sectors, the Meme sector rose 0.21% over 24 hours, with Pump.fun (PUMP) up 16.14%; the CeFi sector gained 0.16%, with NEXO (NEXO) up 0.34%.Additionally, the Layer2 sector declined 0.23%, but SOON (SOON) surged 31.65%; the Layer1 sector fell 0.25%, with Zcash (ZEC) down 4.60%; the DeFi sector dropped 1.42%, while SoSoValue (SOSO) bucked the trend with a 9.67% gain; the PayFi sector declined 1.60%, with Telcoin (TEL) rallying 9.52% intraday.Crypto sector indices reflecting historical sector performance showed that the ssiRWA, ssiNFT, and ssiSocialFi indices rose 5.10%, 2.99%, and 1.27%, respectively.