# Crypto News Today: Latest Market Update – 12 October 2026

**Author:** CoinStats AI
**Published:** September 28, 2026 at 07:03
**Updated:** October 12, 2026 at 07:02

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> **TLDR**
> • Bitcoin held above $84,000 despite nine consecutive sessions of U.S. spot Ether ETF outflows totaling approximately $542.1 million.
> • Bitcoin recorded $26.18 million in liquidations, with shorts accounting for $22.27 million, or 85.0%.
> • Wormhole surged 59.49% on $534.07M volume after announcing W Token 2.0 with a 4% base yield and bi-weekly unlocks.
> • Thailand's Bitcoin and Ether ETF framework takes effect on 16 October 2026.
> • A 127 million Starknet token unlock is scheduled for 15 October 2026, valued at approximately $9.15 million.

## Top Story

The crypto market rotated into higher-beta altcoins over the last 24 hours, while [Bitcoin](https://coinstats.app/coins/bitcoin) and [Ethereum](https://coinstats.app/coins/ethereum) posted smaller gains. The strongest moves included [Zeus Network](https://coinstats.app/coins/zeus-network), [ElizaOS](https://coinstats.app/coins/elizaos), [Wormhole](https://coinstats.app/coins/wormhole), and [Reserve Rights](https://coinstats.app/coins/reserve-rights-token).

The move was broad across several narratives, including interoperability, artificial intelligence, and high-beta layer-1 projects. [NEAR Protocol](https://coinstats.app/coins/near), [Zcash](https://coinstats.app/coins/zcash), and [Filecoin](https://coinstats.app/coins/filecoin) also recorded large gains with substantial trading volume.

Derivatives data showed a short-squeeze component. Bitcoin recorded $26.18 million in liquidations, with shorts accounting for $22.27 million, or 85.0%. Across Bitcoin and [Solana](https://coinstats.app/coins/solana), 24-hour liquidations reached approximately $35.01 million, with shorts representing about 79.4%.

Institutional flows remained a market concern. U.S. spot Ether ETFs recorded approximately $542.1 million in weekly outflows, while the outflow streak reached nine sessions. Bitcoin held above $84,000 despite those flows and weaker oil prices.

## Major Price Moves

### Market Overview

[Bitcoin](https://coinstats.app/coins/bitcoin) held rank one at $84,214.49, gaining 1.08% on $17.10B in 24-hour volume. [Ethereum](https://coinstats.app/coins/ethereum) ranked second at $2,569.68, up 2.28% on $12.92B in volume.

{{coin-price-chart/bitcoin}}
{{coin-price-chart/ethereum}}

### Top 10 Gainers

| Coin (symbol + name) | Price | 24h % | 24h Volume |
|---|---:|---:|---:|
| [ZEUS — Zeus Network](https://coinstats.app/coins/zeus-network) | $0.01073 | 69.47% | $25.82M |
| [ELIZAOS — ElizaOS](https://coinstats.app/coins/elizaos) | $0.0005948 | 65.59% | $11.60M |
| [W — Wormhole](https://coinstats.app/coins/wormhole) | $0.02897 | 59.49% | $534.07M |
| [RSR — Reserve Rights](https://coinstats.app/coins/reserve-rights-token) | $0.002418 | 54.13% | $99.34M |
| [S — Sonic](https://coinstats.app/coins/sonic-3) | $0.06219 | 29.48% | $284.56M |
| [BTW — Bitway](https://coinstats.app/coins/0x444045b0ee1ee319a660a5e3d604ca0ffa35acaa_binance_smart) | $1.7182 | 24.07% | $35.59M |
| [POD — Dolphin](https://coinstats.app/coins/dolphin-2) | $0.7296 | 23.57% | $29.90M |
| [IO — io.net](https://coinstats.app/coins/io) | $0.1913 | 22.19% | $62.48M |
| [GRASS — Grass](https://coinstats.app/coins/grass) | $0.8090 | 20.03% | $79.15M |
| [ZRO — LayerZero](https://coinstats.app/coins/0x6985884c4392d348587b19cb9eaaf157f13271cd_arbitrum-one) | $2.3542 | 17.49% | $120.91M |

### Top 10 Losers

| Coin (symbol + name) | Price | 24h % | 24h Volume |
|---|---:|---:|---:|
| [APEPE — Ape and Pepe](https://coinstats.app/coins/0xa3f751662e282e83ec3cbc387d225ca56dd63d3a_polygon-pos) | $0.000001237 | -14.02% | $11.81M |
| [LGNS — Anubis Bridged LGNS (Anubis)](https://coinstats.app/coins/anubis-bridged-lgns-anubis) | $0.5314 | -11.62% | $4.42M |
| [KAIA — Kaia](https://coinstats.app/coins/kaia) | $0.04957 | -7.87% | $19.67M |
| [DRV — Derive](https://coinstats.app/coins/derive) | $0.4623 | -6.77% | $14.90M |
| [AKE — Akedo](https://coinstats.app/coins/akedo) | $0.02490 | -6.26% | $4.17M |
| [M — MemeCore](https://coinstats.app/coins/0x22b1458e780f8fa71e2f84502cee8b5a3cc731fa_binance_smart) | $0.9274 | -3.73% | $1.14M |
| [PRL — Pearl](https://coinstats.app/coins/pearl-2) | $1.3683 | -3.53% | $3.36M |
| [M-BTC — Merlin's Seal BTC](https://coinstats.app/coins/0x0f921c39efd98809fe6d20a88a4357454578987a_klay-token) | $59,174.93 | -3.43% | $581.92 |
| [RAIN — Rain](https://coinstats.app/coins/rain) | $0.01035 | -3.06% | $11.47M |
| [STX — Stacks](https://coinstats.app/coins/blockstack) | $0.3866 | -2.93% | $32.08M |

### Top 20 by Market Cap

| Rank | Coin (symbol + name) | Price | 24h % | 24h Volume | Market Cap |
|---:|---|---:|---:|---:|---:|
| 1 | [BTC — Bitcoin](https://coinstats.app/coins/bitcoin) | $84,214.49 | 1.08% | $17.10B | $1.69T |
| 2 | [ETH — Ethereum](https://coinstats.app/coins/ethereum) | $2,569.68 | 2.28% | $12.92B | $313.83B |
| 3 | [USDT — Tether](https://coinstats.app/coins/tether) | $0.9992 | — | $38.79B | $184.10B |
| 4 | [BNB — BNB](https://coinstats.app/coins/binance-coin) | $755.35 | 0.75% | $313.94M | $100.58B |
| 5 | [XRP — XRP](https://coinstats.app/coins/ripple) | $1.4144 | 1.26% | $1.45B | $89.29B |
| 6 | [USDC — USDC](https://coinstats.app/coins/usd-coin) | $0.9997 | — | $11.03B | $72.89B |
| 7 | [SOL — Solana](https://coinstats.app/coins/solana) | $112.63 | 2.37% | $2.66B | $66.35B |
| 8 | [TRX — TRON](https://coinstats.app/coins/tron) | $0.3317 | 0.67% | $197.96M | $31.50B |
| 9 | [STETH — Lido Staked Ether](https://coinstats.app/coins/staked-ether) | $2,563.20 | 2.45% | $5.63M | $24.83B |
| 10 | [ZEC — Zcash](https://coinstats.app/coins/zcash) | $1,329.98 | 9.07% | $2.78B | $22.59B |
| 11 | [HYPE — Hyperliquid](https://coinstats.app/coins/hyperliquid) | $87.72 | 3.24% | $510.04M | $19.51B |
| 12 | [DOGE — Dogecoin](https://coinstats.app/coins/dogecoin) | $0.08755 | 2.57% | $620.50M | $13.68B |
| 13 | [WSTETH — Wrapped stETH](https://coinstats.app/coins/wrapped-steth) | $3,194.30 | 2.39% | $2.45M | $11.80B |
| 14 | [LINK — Chainlink](https://coinstats.app/coins/chainlink) | $13.42 | 4.03% | $324.72M | $10.29B |
| 15 | [USDS — USDS](https://coinstats.app/coins/0xdc035d45d973e3ec169d2276ddab16f1e407384f_eth) | $1.0001 | 0.02% | $133.06M | $10.26B |
| 16 | [XMR — Monero](https://coinstats.app/coins/monero) | $536.08 | 0.95% | $70.90M | $10.09B |
| 17 | [WBT — WhiteBIT Coin](https://coinstats.app/coins/whitebit) | $82.94 | 1.30% | $18.87M | $9.85B |
| 18 | [WBTC — Wrapped Bitcoin](https://coinstats.app/coins/wrapped-bitcoin) | $83,873.01 | 1.09% | $84.14M | $9.74B |
| 19 | [WBETH — Wrapped Beacon ETH](https://coinstats.app/coins/wrapped-beacon-eth) | $2,838.44 | 2.48% | $1.41M | $9.55B |
| 20 | [ADA — Cardano](https://coinstats.app/coins/cardano) | $0.2531 | 2.75% | $452.47M | $9.51B |

## Other Key Events

### Wormhole’s tokenomics upgrade became the clearest project catalyst

[Wormhole](https://coinstats.app/coins/wormhole) surged 59.49% on $534.07M in volume. Its official W Token 2.0 announcement introduced the Wormhole Reserve, a targeted 4% base yield, and bi-weekly unlocks instead of annual cliffs. Contributor and Guardian-validator lockups were extended through October 2028, but the announcement’s publication date was not confirmed.

### LGNS migration created liquidity uncertainty

An October 11 DEV LGNS livestream outlined a migration from Polygon to Anubis Chain. The plan includes a 50% sell tax during the transition and conversion structures extending up to 600 days. [Anubis Bridged LGNS](https://coinstats.app/coins/anubis-bridged-lgns-anubis) fell 11.62%, while no dated hack or delisting was confirmed.

### In Brief

- Thailand’s Bitcoin and Ether ETF framework is scheduled to take effect on 16 October 2026.
- A 127 million [Starknet](https://coinstats.app/coins/starknet) token unlock is scheduled for 15 October 2026.
- The IMF estimated tokenized real-world assets at approximately $65 billion as of 31 July 2026 and warned of liquidity risks in tokenized equities.
- The Sui Foundation committed $30 million to DATA Network as the artificial-intelligence data protocol migrates to the Sui ecosystem.
- XRP Ledger fixed a decade-old minting bug that could have enabled attackers to create trillions of [XRP](https://coinstats.app/coins/ripple), with no exploitation reported.

## What to Watch

- U.S. CPI data is scheduled for 14 October 2026, making it the next major macro volatility event.
- Thailand’s Bitcoin and Ether ETF rules take effect on 16 October 2026.
- The 127 million [Starknet](https://coinstats.app/coins/starknet) unlock is scheduled for 15 October 2026 and was valued at approximately $9.15 million.
- Bitcoin open interest stood at $52.58B, up 1.56% over two days, while Ethereum open interest reached $32.35B, up 2.21%.
- [Wormhole](https://coinstats.app/coins/wormhole) has a scheduled 50.41 million token unlock on 16 October, equal to 0.50% of total supply.

**Sources:**
- [CoinStats Market Data](https://coinstats.app/)
- [Bitcoin shrugs off ETF outflows to trade above $84,000 as oil falls](https://www.coindesk.com/markets/2026/10/12/bitcoin-shrugs-off-etf-outflows-to-trade-above-usd84-000-as-oil-falls)
- [Ether ETFs extend outflow streak to nine days as Solana funds snap record 14-week inflow run](https://www.theblock.co/news/markets/2026-10-10-ether-etfs-extend-outflow-streak-to-nine-days-as-solana-funds-snap-record-14-week-inflow-run)
- [Wormhole announces W token 2.0 upgrade](https://wormhole.com/blog/wormhole-announces-w-token-2-0-upgrade)
- [Tokenized U.S. equities offer off-hours access but carry liquidity and stability risks, IMF says](https://www.coindesk.com/business/2026/10/11/imf-finds-demand-for-tokenized-stocks-says-the-market-is-still-volatile-illiquid)
- [Sui Foundation invests $30 million in DATA Network](https://www.theblock.co/news/ecosystems/2026-10-11-sui-foundation-invests-30-million-data-network-418243)
- [XRP Ledger patches decade-old bug that could have minted trillions of XRP](https://www.theblock.co/news/)
- [Crypto News Today: Latest Market Update – 11 October 2026](https://coinstats.app/ai/a/crypto-news-today)
- [Anubis Bridged LGNS migration summary](https://gemini.google.com/share/925e07b547a9?social_preview=false&skid=9e8ae510-a798-4abb-9fd5-7765164c59c0)
- [Crypto Fear & Greed Index and derivatives context](https://coinstats.app/)

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## Related Questions

- What caused Zeus Network's 69% surge and is the momentum sustainable?
- How does Wormhole's new 4% base yield compare to other staking rewards?
- Which coins are most exposed to the 127 million Starknet token unlock?

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*This article was generated by [CoinStats AI](https://coinstats.app/ai)*