Daily Summary, 2 October

Daily Summary, October 2

📊 General Market Condition
* The Fear and Greed Index rose to a level of 64 (“Greed”). The cryptocurrency market capitalization returned to a level above $4 trillion.
* According to analysts, signs of the end of the bull cycle are not yet observed.

🏦 Major Companies and Projects
* Tether executed an issuance of 2,000,000,000 USDT.
* Pavel Durov announced the opening of an artificial intelligence laboratory in Kazakhstan. This is a joint project of Telegram and the Kazakh supercomputer cluster, the goal of which is to launch a product connecting AI and blockchain.
* Avalanche Treasury company plans to conduct a listing on Nasdaq and buy back its own AVAX tokens for $1 billion.
* The Chicago Mercantile Exchange (CME) plans to open 24/7 trading of futures and options on cryptocurrencies in 2026.

🪙 Markets and Capitalization
* The capitalization of privacy-focused cryptocurrencies increased by 20% over the day. Among the growth leaders:
* Zcash (ZEC): +86%
* Dash (DASH): +44%
* Horizen (ZEN): +22%
* The monthly trading volume of futures on DEX exchanges for the first time exceeded the mark of $1.1 trillion.

🏛 Regulation and Institutions
* The Central Bank of Russia expanded access for non-qualified investors to the purchase of digital assets, while maintaining restrictions on the most risky instruments.
* The authorities of New York, together with Coinbase, launched a pilot program for low-income residents, which involves distributing up to $12,000 in stablecoins.

👥 Persons and Events
* Elon Musk became the first person in history whose fortune is estimated at $500 billion.

💎 Curiosities
* Rumor has it, St. Petersburg grandmothers are selling vegetables and homemade pickles for cryptocurrency and Stars in Telegram.