Uptober is fueling momentum in the crypto market as prices are rising. Let’s explore the latest crypto updates!
On Oct. 1, Metaplanet, Asia’s leading corporate Bitcoin holder, added another 5,268 BTC to its reserves. The purchase was valued at $615 million, as BTC was acquired at $116,870 per coin.
Nevertheless, the company’s shares dropped over 10% on the Tokyo Stock Exchange following the announcement.
Read more about it here.
As spot XRP ETF applications advance under the SEC’s revised rules, XRP is drawing renewed attention from institutional investors. The upcoming decision windows in October 2025 make this month critical for affirming XRP’s role in the institutional crypto market.
XRP is currently trading at $2.93, up 3.11% over the past 24 hours. Trading volume has increased by 18.95%, hitting $6.03 billion.
Ethereum is trading at around $4,300, which reflects a 3.6% increase over the past 24 hours.
Corporate demand supports Ethereum’s current stability. BitMine, the largest corporate holder of ETH, has continued its buying streak and added approximately 51,255 ETH (valued at roughly $213 million).
This latest purchase follows another sizable acquisition less than a day earlier, with BitMine-linked wallets securing more than 30,000 ETH (valued at around $127 million).
On Oct. 1, the crypto market looks optimistic, with major coins moving to the green zone.
The total crypto market cap has posted gains over the last 24 hours. With a 2.6% increase, it has reached the mark of $3.99 trillion.
