Current Trading market Updates as of October 1: CZ Binance Criticizes Reuters and Forbes, BNB Chain Breached, Aster Crypto and Plasma XPL Plummeting
In the early hours today, CZ Binance leveled sharp criticism at media giants like Reuters, accusing them of recycling identical FUD(Fear, Uncertainty, and Doubt) narratives to damage his reputation. That move set the tone for a volatile session as XPL and Aster crypto both collapsed under pressure, with
Plasma
4.42%
Plasma
XPL
Price
$1.06
4.42% /24h
Volume in 24h
$2.17B
Price 7d
dropped more than a third. Across the market, the sentiment on this 1st of Uptober is rock bottom.
Crypto Fear and Greed Chart
1y
1m
1w
24h
The CZ Reuters dispute is a social media fireworks and reflects a broader distrust toward media narratives in crypto, especially the non-pro-crypto media. The X post from CZ Binance implied that certain outlets are being used as puppets, echoing nearly identical negative scripts about crypto platforms.
Breaking: FT & Reuters just launched a joint venture… the Tinfoil Hat Club. Or are they "owned" by the same "owner" behind the scenes?
Two outlets, sent the same FUD script, same deadline. At least change the font, guys.
Journalist diligence = ask my perspective →… pic.twitter.com/ScyuVIrtgk
— CZ
That kind of messaging can terrify holders in fragile Crypto, which just cannot sustain a crash once sentiment flips. The impact on
Aster
2.07%
Aster
ASTER
Price
$1.69
2.07% /24h
Volume in 24h
$878.38M
Price 7d
can clearly be seen as it tumbled around 30% from its highs. Besides FUDs, the drop is also largely due to unlocking pressures and dwindling demand.
Data from DefiLlama shows total TVL for many protocols remains high, yet we see many reds across the market. Even though Plasma XPL had billions in stablecoin collateral, it collapsed from its pumped peak, liquidating longs time and time again.
In contrast, memecoins like
Pepe
6.62%
Pepe
PEPE
Price
$0.00001000
6.62% /24h
Volume in 24h
$486.33M
Price 7d
,
Shiba Inu
5.39%
Shiba Inu
SHIB
Price
$0.00001200
5.39% /24h
Volume in 24h
$176.47M
Price 7d
,
Pump.fun
20.86%
Pump.fun
PUMP15
Price
$0.00670700
20.86% /24h
Volume in 24h
$490.02M
Price 7d
, and others are demonstrating unexpected strength. According to CoinGlass, liquidations in the memecoin sector are far lower than in overleveraged altcoin plays.
(source – Liquidation, Coinglass)
DISCOVER: 10+ Next Crypto to 100X In 2025
BNB Chain Hacks and Why Memecoins Shine Over XPL as CZ Binance vs Reuters Drama Reveals Weakness in Crypto Utility Plays
As October begins, the classic “Uptober” effect looms: historically, Bitcoin jumps by 21.9% in October, often fueling wild swings in altcoins.
While XPL and utility tokens struggle under negative media and technical headwinds, meme tokens escape the “serious scrutiny” trap—people trade them based on hype, not crypto fundamentals.
(source – XPL USD, TradingView)
The BNB Chain hack—where the chain’s own X account was compromised to push phishing airdrops—only added to the narrative that large projects remain vulnerable. That kind of event hurts confidence cin rypto. However, the number from this hack has not been made public yet.
DO NOT CONNECT YOUR WALLET
A hacker used the account to post multiple phishing links that prompt users to connect their wallets through Wallet Connect.
Source:@cz_binance pic.twitter.com/awwYGCoUjO
— Hackmanac (@H4ckmanac) October 1, 2025
Plasma XPL had whale buys around $1.15, but the down reversal came fast.
Bitcoin
3.02%
Bitcoin
BTC
Price
$116,618.77
3.02% /24h
Volume in 24h
$54.36B
Price 7d
,
Ethereum
4.12%
Ethereum
ETH
Price
$4,296.40
4.12% /24h
Volume in 24h
$33.12B
Price 7d
,
Solana
5.86%
Solana
SOL
Price
$219.21
5.86% /24h
Volume in 24h
$8.76B
Price 7d
, and some of the top cryptos are climbing steadily. Uptober might become the season that confirms what many were quietly betting on.
(source – CoinGecko)
DISCOVER: 16+ New and Upcoming Binance Listings in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Can SEI Crypto Deliver a 5× Return in Six Months or Is the Hype Overstated?
The US government has shut down, and your little Uptober is now OctoBEAR. But none of that is stopping SEI Crypto.
Originally built on Cosmos, Sei is among the top American-based L1s designed for trading velocity and gaming scale. The question now is, can this token 5x over the next six months?
The v2 release this year brought Ethereum-like execution to SEI Crypto, expanding its reach. Even after dropping from $0.37 to $0.276 in September, Sei remains in the top 70 by market cap, valued at around $1.7B (CoinGecko). So can it still 5x from here and make a big comeback in Uptober?
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Read the full story here.
Why is Crypto Up Today? BTC USD Blasts Past 116K, But Could This Memecoin Retire Your Bloodlines?
Markets opened in October with vigor, and that begs the question: why is crypto up today?
Bitcoin
3.02%
Bitcoin
BTC
Price
$116,618.77
3.02% /24h
Volume in 24h
$54.36B
Price 7d
popped about 3%,
Ethereum
4.12%
Ethereum
ETH
Price
$4,296.40
4.12% /24h
Volume in 24h
$33.12B
Price 7d
climbed 4%, and the collective crypto market breathed in fresh bullish energy. The first day of Uptober’s aura seems to be working its magic.
One key reason why crypto is up today is the surge in ETF and institutional capital. Per Coinglass, spot BTC ETFs alone recorded daily net inflows in the hundreds of millions.
(source – Inflows, Coinglass)
DefiLlama’s ETF dashboard similarly shows positive flows into crypto-related funds. That fresh capital provides base support and fuels upside.
On the derivatives side, perpetual futures volumes and open interest are flashing signs of leverage betting. Funding rates are turning positive, which also suggests buyers are willing to pay for longs, another reason why crypto is up today. In DeFi, total value locked (TVL) remains stable, while DEX volumes and stablecoin supply growth confirm active participation and liquidity backing the move.
(source – TVL, Defillama)
Macro tailwinds help explain why crypto is up today, too. Gold, hitting record highs, has drawn attention toward risk assets. Betting on rate cuts in the coming months adds optimism. Regulatory clarity in Europe (MiCA) and moves to integrate crypto with fintech rails also tilt sentiment positive — more institutional buyers now feel safer entering the crypto market.
So why is crypto up today? Because seasonal tailwinds, institutional flows, on-chain metrics, and memecoin hype all intersect right now.
DISCOVER: 9+ Best Memecoin to Buy in 2025
Read the full story here.
Is It All Over For Aster Crypto? ASTER Price Tumbles -30% as Whales Bid New Crypto to Buy
When Aster crypto launched, it carried a reputation unlike most projects. Backed and promoted by Binance founder Changpeng Zhao (CZ), the token’s association alone fueled speculation that it could become a top-tier perpetual DEX competitor. Early September 2025 was a frenzy: ASTER pumped nearly 20x from launch, hitting an all-time high above $2.4, with volumes surging into the billions. Traders were chasing wild upside targets, and the crypto market was exploding with FOMO, with some even calling ASTER the “Binance-backed rocket.”
(Source – defillama)
Read the full story here.
The post Latest Crypto Market News Today, October 1: CZ Binance Bash Reuters and Forbes, BNB Chain Hacked, Aster Crypto and Plasma XPL Freefalling appeared first on 99Bitcoins.
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