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Spot Bitcoin ETFs recorded USD 346.98 million in net inflows, while spot Ethereum ETFs attracted another USD 105 million.
Pi Network slipped below USD 0.09 after its latest recovery attempt lost momentum.
TRON said cumulative transfer volume surpassed USD 30 trillion.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 346 million in net inflows, while Polygon burned 100 million tokens. TRON also hit USD 30 trillion in transfer volume, and Ethereum ETFs recorded USD 105 million in net inflows.
According to SoSoValue, the Bitcoin spot ETFs saw a total net inflow of USD 346.98 million yesterday.
The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of USD 166.29 million, and the total historical net inflow of IBIT currently stands at USD 65.02 billion.
The second-highest was Fidelity's ETF FBTC, with a daily net inflow of USD 143.24 million, and the total historical net inflow of FBTC currently stands at USD 11 billion.
The total net asset value of Bitcoin spot ETFs is USD 108.66 billion, accounting for 6.42% of the total ETF market. The historical cumulative net inflow has reached USD 57.22 billion.
Polygon burned 100 million POL tokens this Wednesday via a direct transaction on its blockchain. The Executive Director of the Polygon Foundation, Sandeep Nailwal, confirmed the execution in a post on his X account.
The transfer originated from an address marked with the contractual suffix (0xDEAD) and was routed to the core POL token contract. Through this technical procedure, the assets were rendered entirely irrecoverable for any future secondary market circulation.
The source of the funds did not involve the foundation’s operational budget or institutional treasury reserves.
Instead, the capital stemmed from the steady accumulation of gas generated by network users over recent months.
Also Read: Bitcoin Back at USD 87,000: What Changed Since its Last Major Rally?
Pi Network price has fallen back below USD 0.09 on September 24 after its latest recovery failed near USD 0.093, leaving PI below its main daily moving averages as short term momentum weakened.
Pi Network was trading near USD 0.0878, after opening the session around USD 0.0881 and falling as low as USD 0.08765.
The pullback followed an attempt to recover above USD 0.09 earlier this week, but buyers were unable to keep the token above that level.
PI had already shown signs of losing momentum a day earlier. As crypto.news previously reported, the token reached USD 0.0926 on September 23 before dropping back toward USD 0.088. The 50-day and 100-day moving averages were acting as overhead barriers during the move.
TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), today announced that total transaction volume settled on the TRON blockchain has surpassed USD 30 trillion.
This milestone is driven by the network’s high throughput, low costs, and deep liquidity, making TRON the settlement layer of choice for stablecoin transfers, payments, and digital asset activity worldwide.
TRON has now recorded more than 405 million total user accounts, over 15 billion total transactions, more than USD 28 billion in total value locked (TVL) and currently carries more than USD 94 billion in circulating USDT, the largest supply of any blockchain.
According to Token Terminal, TRON leads all networks in USDT transfer volume year to date, with approximately USD 6 trillion, averaging USD 25 billion in daily transfer volume.
According to SoSoValue, on September 23, the total net inflow of Ethereum spot ETFs was USD 105 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of USD 50.7996 million.
Second was Fidelity's ETF FETH, with a single-day net inflow of USD 41.2754 million, and its cumulative historical net inflow now stands at USD 2.395 billion.
The Ethereum spot ETF with the highest single-day net outflow yesterday was Grayscale's Ethereum Mini Trust ETF ETH, with a single-day net outflow of USD 4.0901 million. The total net asset value of Ethereum spot ETFs was USD 17.505 billion, with the ETF net asset ratio at 5.37%, and the cumulative historical net inflow has reached USD 13.787 billion.
Also Read: Ethereum Classic Jumps 7.49% as Crypto Rally Lifts ETC Volume
1. How much flowed into spot Bitcoin ETFs?
Spot Bitcoin ETFs recorded USD 346.98 million in daily net inflows. BlackRock's IBIT led with USD 166.29 million, followed by Fidelity's FBTC with USD 143.24 million.
2. Why did Polygon burn 100 million POL tokens?
The 100 million POL reportedly came from gas accumulated through network activity rather than Polygon Foundation operational or treasury funds. The tokens were permanently removed from circulation through the burn transaction.
3. Why did Pi Network fall below USD 0.09?
PI's recovery lost momentum after the token failed to sustain a move above USD 0.09. It traded around USD 0.0878 on September 24 after reaching USD 0.0926 a day earlier.
4. What does TRON's USD 30 trillion milestone represent?
It represents the cumulative value of transfers settled through the TRON blockchain. TRON also reported more than 405 million accounts and over 15 billion total transactions.
5. How much money flowed into Ethereum ETFs?
Spot Ethereum ETFs recorded approximately USD 105 million in net inflows on September 23. BlackRock's ETHA led with USD 50.8 million, followed by Fidelity's FETH with USD 41.28 million.
