Catch up on the latest crypto news, price moves, token launches, and market trends with today’s daily recap. | Credit: Veronica Cestari/CCN.com
The crypto market is buzzing with volatility, fresh developments, and headline-making moves. Trust Wallet Token (TWT) exploded over 70% in 24 hours after unveiling its ambitious 2030 roadmap and earning a nod from Binance co-founder Changpeng “CZ” Zhao, reigniting hopes of a long-term trend reversal.
At the same time, Exodus Movement (EXOD) stock climbed another 10% as the first U.S. company to tokenize equity expands its blockchain reach, while Lombard’s BARD token suffered a brutal 42% crash despite listings on Coinbase, OKX, Upbit, and Bithumb.
In other headlines, Solana co-founder Anatoly Yakovenko admitted that memecoins and NFTs surged on Solana due to slow U.S. regulation, even though he once dismissed them as “digital slop.”
Meanwhile, $ASTER, the upgraded token from APX, skyrocketed 600% after its Binance listing and migration into a new DeFi ecosystem, sending speculation across perpetual futures markets.
With DeFi tokens pumping, new listings shaking markets, and regulation debates heating up, here’s today’s full crypto roundup with the top stories you need to know.
TWT Soars 70% on New Development Roadmap and Endorsement from CZ
Trust Wallet Token has declined steadily since its 2022 all-time high, with multiple failed attempts at trend reversals.
On Friday, however, TWT is making another push upward, driven by the release of its litepaper and comments from Binance co-founder Changpeng “CZ” Zhao.
The litepaper outlines growth plans through 2030, targeting 1 billion users and positioning TWT as the central token for payments, trading, staking, and new DeFi services.
Trust Wallet currently holds a 35% share of the self-custody market, securing over $30 billion in assets.
On the charts, TWT has traded in a descending wedge since late 2022, a bullish pattern that typically precedes breakouts. While today’s rally briefly pierced resistance before retracing, momentum indicators like RSI and MACD remain positive.
If confirmed, a breakout could send TWT first toward the $1.60 resistance and potentially to a new all-time high near $3.93.
Exodus Rises 10% as First US Firm to Tokenize Stock
Exodus Movement, the crypto software firm pioneered tokenized equity, has gained nearly 10% over the past month, outpacing broader U.S. markets.
Shares rose by another 3.6% on Thursday , and were flat at Friday’s opening.
The Nebraska-based company became the first U.S.-listed firm to tokenize its common stock in 2021.
In August, it partnered with fintech startup Superstate to extend stock tokens beyond Algorand to Solana, Ethereum, and other chains. CEO JP Richardson said the move “lays the foundation for the future of finance.”
Tokenized equities are drawing momentum, with Galaxy Digital announcing similar efforts this month. Still, U.S. regulations lag, with Senator Elizabeth Warren warning that blockchain-based shares could escape SEC oversight.
BARD Crashes 42% Despite Exchange Listings
BARD, the native token of Lombard, a project building on-chain Bitcoin capital markets, launched on Sept. 18 with listings on major exchanges including OKX, Bithumb, Upbit, and Coinbase. Despite the hype, the token crashed 42% within 24 hours, falling from $1.61 to $0.93.
Lombard unveiled its tokenomics just days earlier, capping supply at 1 billion tokens, with 22.5% released at launch. BARD is designed to power governance, cross-chain transfers, and access to Lombard’s products using Chainlink CCIP and Symbiotic infrastructure.
Trading volume spiked to $685 million during the drop, suggesting heavy sell pressure from early holders and airdrop recipients, who received 40 million tokens. Analysts warn that continued sell-offs could push BARD toward $0.63 support, though a rebound could lift it back to $1.37.
Yakovenko: Memecoins, NFTs Boomed Due to Slow Regulation
Solana co-founder Anatoly Yakovenko says the boom of memecoins and NFTs on his blockchain wasn’t planned but fueled by sluggish regulation.
Despite calling such assets “digital slop” in June, Yakovenko acknowledged they now dominate Solana’s ecosystem, generating 62% of dApp revenue that month .
On the All-In Podcast , he explained Solana’s original mission was to bring traditional finance on-chain at “NASDAQ speed,” but speculative assets instead took over. “Anybody can create markets for anything … those things took off, partly because regulation was slow to catch up,” he said.
Yakovenko stressed that Solana remains infrastructure, not an institution, and predicted that once regulators allow public-key cryptography for asset transfers, traditional finance players like NASDAQ will integrate with Solana rather than compete.
Still, he remains critical of memecoins, comparing them to loot boxes in gaming: “They have no value, but they can generate massive revenue.”
$ASTER Binance Listing Sparks Price Buzz
Binance Alpha has supported the migration from APX to $ASTER, signaling a new era for Aster.
The decentralized perpetual futures exchange upgrade has fueled strong market interest, with the token jumping over 600% since the swap opened on Sept. 17.
Aster merges APX with yield features from Astherus into a single ecosystem. Post-migration, the platform’s TVL surged from $378 million to $677 million, boosted further by a shoutout from Binance founder CZ.
With Binance’s backing, some traders speculate $ASTER could rival Hyperliquid, with predictions of a run toward $10 in October. The token currently trades near $0.60.
What to Watch Next in Crypto
As the market braces for Q4, several key catalysts are on the horizon. Ethereum’s Fusaka hard fork in December promises cheaper transactions and stronger rollup adoption, while Polkadot 2.0 could redefine its role in the layer-1 race.
Bitcoin is expected to lead the next rally, setting the stage for an altcoin rotation amid major token unlocks. On the regulatory front, ETF approvals, MiCA rollout, and stablecoin frameworks may accelerate institutional adoption.
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