What Happened in Crypto Today? – October 08: BNB Flips SOL Again and New S&P 500 All-Time High
- Litecoin and Hedera ETFs near approval with 95% odds of SEC greenlight.
- BNB Chain flipped Solana in DEX volume, hitting $178B vs. $143B.
- S&P launched Digital Markets 50 Index blending crypto with equities.
Crypto markets cooled slightly after a week of explosive momentum, but action across altcoins and infrastructure sectors kept traders on edge. The past 24 hours delivered key regulatory milestones, ecosystem shifts, and a major step from traditional finance into digital assets. So, let us take a closer look at what moved the market today.
Litecoin and Hedera ETFs Near the Finish Line
Momentum around altcoin-based ETFs accelerated as Canary Capital filed final amendments for Litecoin and Hedera spot funds. This marks the final step before SEC review, signaling that approval could arrive within weeks. Polymarket data shows a 95% probability of greenlighting by year-end, sparking optimism across mid-cap crypto sectors. Both assets are now showing stronger liquidity and renewed retail engagement ahead of the decision window.
The ETF narrative is reshaping sentiment beyond Bitcoin and Ethereum, creating room for secondary networks to attract institutional flows. Litecoin, known for its historical Q4 performance, and Hedera, driven by enterprise adoption, are both positioned to benefit from a broader diversification trend. A successful ETF rollout could legitimize new entrants and drive capital rotation into the wider altcoin market.
BNB Chain Surpasses Solana in DEX Dominance
In a major ecosystem milestone, BNB Chain surpassed Solana in 24-hour decentralized exchange volume, hitting roughly $178 billion compared to Solana’s $143 billion. The surge was fueled by booming perpetuals activity, meme coin speculation, and the rapid rise of real-world asset tokenization. Supporting the rally, BNB’s network metrics surged to $17.1 billion in TVL, 4.2 million daily users, and a new all-time high.
The flip underscores how BNB Chain’s multipronged ecosystem continues to expand faster than its competitors. Its dominance in trading volume signals user confidence in scalability, liquidity depth, and retail accessibility. As meme-driven trading continues to spill over into structured markets, BNB Chain is quietly solidifying its position as the most active blockchain by real transaction value.
S&P Launches Digital Markets 50 Index
S&P Global made a decisive entry into the digital asset space with the launch of its Digital Markets 50 Index, combining 15 major cryptocurrencies and 35 blockchain-linked equities. The index, created with Dinari, will trade as a tokenized product on the dShares platform, offering rules-based exposure that blends crypto performance with traditional equity stability.
This development marks a turning point for institutional adoption. By tokenizing a blended benchmark, S&P is effectively bridging two financial systems that have long operated in parallel. The Digital Markets 50 opens the door for new ETF models, enhances liquidity for blockchain equities, and signals a deeper integration of digital assets within mainstream portfolios.
Final Thoughts
To conclude, ETF momentum, ecosystem milestones, and institutional expansion defined the past 24 hours. Altcoins are gaining credibility, network competition is intensifying, and Wall Street’s engagement with crypto is deepening. All in all, the market is maturing fast — and it is doing so on every front at once.
The post What Happened in Crypto Today? – October 08: BNB Flips SOL Again and New S&P 500 All-Time High first appeared on BlockNews.
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What Happened in Crypto Today? – October 08: BNB Flips SOL Again and New S&P 500 All-Time High
- Litecoin and Hedera ETFs near approval with 95% odds of SEC greenlight.
- BNB Chain flipped Solana in DEX volume, hitting $178B vs. $143B.
- S&P launched Digital Markets 50 Index blending crypto with equities.
Crypto markets cooled slightly after a week of explosive momentum, but action across altcoins and infrastructure sectors kept traders on edge. The past 24 hours delivered key regulatory milestones, ecosystem shifts, and a major step from traditional finance into digital assets. So, let us take a closer look at what moved the market today.
Litecoin and Hedera ETFs Near the Finish Line
Momentum around altcoin-based ETFs accelerated as Canary Capital filed final amendments for Litecoin and Hedera spot funds. This marks the final step before SEC review, signaling that approval could arrive within weeks. Polymarket data shows a 95% probability of greenlighting by year-end, sparking optimism across mid-cap crypto sectors. Both assets are now showing stronger liquidity and renewed retail engagement ahead of the decision window.
The ETF narrative is reshaping sentiment beyond Bitcoin and Ethereum, creating room for secondary networks to attract institutional flows. Litecoin, known for its historical Q4 performance, and Hedera, driven by enterprise adoption, are both positioned to benefit from a broader diversification trend. A successful ETF rollout could legitimize new entrants and drive capital rotation into the wider altcoin market.
BNB Chain Surpasses Solana in DEX Dominance
In a major ecosystem milestone, BNB Chain surpassed Solana in 24-hour decentralized exchange volume, hitting roughly $178 billion compared to Solana’s $143 billion. The surge was fueled by booming perpetuals activity, meme coin speculation, and the rapid rise of real-world asset tokenization. Supporting the rally, BNB’s network metrics surged to $17.1 billion in TVL, 4.2 million daily users, and a new all-time high.
The flip underscores how BNB Chain’s multipronged ecosystem continues to expand faster than its competitors. Its dominance in trading volume signals user confidence in scalability, liquidity depth, and retail accessibility. As meme-driven trading continues to spill over into structured markets, BNB Chain is quietly solidifying its position as the most active blockchain by real transaction value.
S&P Launches Digital Markets 50 Index
S&P Global made a decisive entry into the digital asset space with the launch of its Digital Markets 50 Index, combining 15 major cryptocurrencies and 35 blockchain-linked equities. The index, created with Dinari, will trade as a tokenized product on the dShares platform, offering rules-based exposure that blends crypto performance with traditional equity stability.
This development marks a turning point for institutional adoption. By tokenizing a blended benchmark, S&P is effectively bridging two financial systems that have long operated in parallel. The Digital Markets 50 opens the door for new ETF models, enhances liquidity for blockchain equities, and signals a deeper integration of digital assets within mainstream portfolios.
Final Thoughts
To conclude, ETF momentum, ecosystem milestones, and institutional expansion defined the past 24 hours. Altcoins are gaining credibility, network competition is intensifying, and Wall Street’s engagement with crypto is deepening. All in all, the market is maturing fast — and it is doing so on every front at once.
The post What Happened in Crypto Today? – October 08: BNB Flips SOL Again and New S&P 500 All-Time High first appeared on BlockNews.
Читать больше