Morning Minute: Uptober Off to a Green Start

GM!

Today’s top news:

• Crypto majors slightly green after weekend chop; BTC at $86.1k
• Pump leads onchain protocols in revenue on the week with $17.9M
• Polymarket CEO teases potential token announcement this week
• Hyperliquid begins HYPE buybacks with USDC fees via AQAV2
• Blast officially shuts down on Friday after holding $2B+ in TVL at peak

$86.8k$85.5k$84.2k$83.0k

24h HighHigh$86,949

24h LowLow$85,098

VolVol$1.1B

Market projectionsOdds by Myriad

📈 Uptober Off to a Green Start

Bitcoin rallied to $86,500 on Sunday, up 2.07% on the day and 8.57% over the past month. Ethereum sits at $2,720, up 11.05% in thirty days. Nearly everything in the top ten is green. October is living up to its nickname (“Uptober”) so far.

The ETFs were also green. Spot Bitcoin funds took in $31.7 million day and $102.7 million Thursday, so $134.4 million for the month. That’s a two-day streak after September closed with a $148.7 million outflow.

The alt board shows where even more action is. Pump.fun leads the way for notable alts up 26.2% and LayerZero was up 19.8%. Sky and Aave are both up double digits on the week. Those aren’t meme coins, they’re protocols that make money, and most of them run buyback programs. The SEC said eight days ago that buying back your own token doesn’t make it a security as long as the network works. Now it’s easier than ever for investors to buy into the revenue-generating protocols.