Bitcoin
Ethereum
Starknet
Kaia
Algorand
Bitcoin steadies near $82,500 after Trump rules out Iran strike before midterms
In this news:
Key takeaways
- Starknet jumped 33% after considering a move to become a standalone layer-1 blockchain.
- Kaia rose 40% following a listing on South Korea's Upbit exchange.
- Algorand and Curve gave up previous gains with double-digit drops over 24 hours.
Starknet considers layer-1 transition
Starknet STRK has jumped 33% over 24 hours after the network said it is actively considering leaving Ethereum to become a standalone layer-1 blockchain, targeting full quantum resistance by 2027. The plan has yet to be approved. It comes days after Pudgy Penguins’ Abstract became the second Ethereum layer-2 network to shut down in a week.
Exchange listing boosts Kaia
Kaia KAIA, the layer-1 formed from the merger of Kakao’s Klaytn and LINE’s Finschia, rose 40% since midnight on the back of a listing from Upbit, Korea’s largest exchange. Other layer-1 coins joined the bounce, with aptos APT up 12% and cosmos ATOM and polkadot DOT adding nearly 10%.
Altcoin gains reverse as AI tokens drop
Thursday’s biggest winners have more than given back their gains. Algorand ALGO, which led the CoinDesk 100 on Thursday morning with a 9% advance, is down 14% over 24 hours, and curve CRV has dropped 13% after an 11% rise.
Two AI tokens missed the recovery after an OpenAI revenue disclosure hit AI stocks. On Thursday, CNBC confirmed that OpenAI told investors it had $50 billion in annualized revenue at the end of September, below a $68 billion figure widely reported last month, and the Nasdaq Composite index posted its biggest one-day drop since mid-August. AI agent payments token kite KITE and venice VVV have each lost about 9% over 24 hours and are still slightly lower since midnight.
Pyth Network PYTH, the oracle token, has gained 13% over 24 hours, making it one of only a handful of tokens higher in both timeframes.
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