Spot Bitcoin ETFs recorded USD 66.19 million in daily net inflows, led by BlackRock's IBIT with USD 51.09 million.
Chainlink fell around 7% to USD 14.37 as futures volume dropped sharply across Binance, OKX and Bybit.
Morgan Stanley established a lab to test stablecoins and tokenized assets.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 66 million in net inflows, while Chainlink's volume dropped 58% as the asset declined 7% in the past 24 hours. Meanwhile, Morgan Stanley launched an internal lab to test digital-asset technologies, while crypto-backed lending moved into the mortgage sector.
According to SoSoValue, the Bitcoin spot ETFs saw a total net inflow of USD 66.19 million yesterday. BlackRock's IBIT recorded the highest net inflow among the Bitcoin spot ETFs, with USD 51.09 million added on the day. Its total historical net inflow currently stands at USD 65.39 billion.
Ark Invest and 21Shares' ARKB recorded the second-highest net inflow, at USD 33.24 million. Its total historical net inflow currently stands at USD 1.41 billion.
Bitwise's BITB recorded the highest net outflow among the Bitcoin spot ETFs, at USD 18.14 million. Its total historical net inflow currently stands at USD 2.11 billion.
The total net asset value of Bitcoin spot ETFs is USD 107.96 billion, with an ETF net asset ratio of 6.43%. The historical cumulative net inflow has reached USD 57.64 billion.
Chainlink is cooling off after one of its strongest runs in months. It trades at USD 14.37, down around 7% over the past 24 hours, after touching an intraday high near USD 15.57.
Futures volume declined sharply, with Binance's LINK/USDT market down 60.75% to USD 286.10 million, while total futures volume across exchanges sits at USD 848.36 million.
OKX and Bybit show similar declines of 63.14% and 57.09%, confirming that the drop in participation is market-wide rather than limited to a single venue. LINK has gained 28.80% over 30 days and 95.49% over 90 days.
Liquidations over 24 hours total USD 1.11 million, with longs accounting for USD 1.05 million. Open interest sits at USD 775.33 million, and Binance's own open interest dropped nearly 13%, suggesting traders are closing positions rather than aggressively shorting.
Also Read: Bitcoin vs Altcoins: How Trading Volume and Market Dominance Differ
Morgan Stanley has established a Digital Asset Lab to study stablecoins, tokenized assets, and decentralized finance. Bloomberg reported the development on September 29. The lab gives the bank a separate place to test digital asset technology. These tests will not affect Morgan Stanley’s main systems.
The setup is also meant to give the bank room to study new tools under controlled conditions. This includes stablecoin payments and several forms of tokenized money. Morgan Stanley will test stablecoins, tokenization technology, tokenized deposits, and central bank digital currencies. The lab will also examine tokenized money-market funds.
The eligibility of loans collateralized by Bitcoin and stablecoins within Fannie Mae’s perimeter is the most relevant sector development since spot ETF approval.
The reading consistent with risk analysis is less comfortable: authorization has administrative origin, issued by FHFA directive, without an approved statutory framework and with a legislative bill still in the introduction stage. The sector did not gain access to the mortgage market. The sector gained an operating window subject to review.
Regulatory counterparty risk is the primary non-diversifiable factor for any crypto business model with exposure to mortgage credit in the United States. The directive can be revoked. The bill can be shelved. Congressional composition can change. None of the three variables is under sector control.
Bitget has restored BTC, ETH and USDT withdrawals after its USD 387.5 million security breach, while P2P, fiat and remaining token withdrawals are scheduled to return Friday.
Bitget CEO Gracy Chen said on September 30 that withdrawals for the three major assets were already operating and that the exchange’s Protection Fund had returned above USD 300 million. She described the business as “gradually back to usual” following the September 24 attack.
In a separate post, Chen confirmed that P2P withdrawals will reopen Friday, October 2, alongside the remaining services covered by Bitget’s staged recovery plan.
USDT withdrawals reopened September 30 across Ethereum, BNB Smart Chain, Solana and Tron, according to Chen’s latest update. Bitget’s published timetable places other tokens, fiat withdrawals and P2P in the final stage on October 2.
Also Read: Ethereum 2030 Roadmap: How the Network Could Evolve
1. How much flowed into Bitcoin spot ETFs yesterday?
Bitcoin spot ETFs recorded USD 66.19 million in net inflows. BlackRock's IBIT led with USD 51.09 million, while ARKB attracted another USD 33.24 million.
2. Why is Chainlink's trading activity declining?
LINK fell roughly 7% as derivatives participation weakened, with futures volumes dropping across major exchanges. Open interest remained at USD 775.33 million, while long liquidations dominated the latest 24-hour period.
3. What will Morgan Stanley's Digital Asset Lab test?
The lab will explore stablecoin payments, tokenized deposits, CBDCs, tokenized money-market funds and DeFi-related technologies in a controlled environment separate from the bank's primary systems.
4. How could cryptocurrency become relevant to US mortgages?
Recent developments concern whether certain Bitcoin- and stablecoin-backed assets could be considered within mortgage qualification frameworks. The policy landscape remains subject to regulatory and legislative changes rather than representing unrestricted crypto access to mortgage markets.
5. Which withdrawals has Bitget restored after the hack?
Bitget restored BTC, ETH and USDT withdrawals, with USDT available across Ethereum, BNB Smart Chain, Solana and Tron. Remaining token, fiat and P2P withdrawal services are scheduled for staged restoration