Daily Market BriefOct 23, 2025

Daily Market Brief 251023

  • The crypto market is slightly down alongside the equities market. As of now, $BTC is trading at $107,587 and $ETH is trading at $3,805. Bitcoin dominance stands at 59.87%.

  • Limitless founder admitted to sniping their own token during its stealth launch, saying buybacks will occur at “appropriate price ranges,” and that it was part of an “on-chain market-making strategy.” Limitless is now trading around ~$340M FDV, down more than 50% from its ATH.

  • A few other headlines include: Hyperliquid Strategies files S-1 seeking to raise up to $1 billion for general corporate purposes including potential purchases of HYPE tokens, Polymarket to act as DraftKings' clearinghouse as they enter the prediction markets space, and crypto trading firm FalconX has agreed to acquire 21Shares.

  • During the last 24 hours, the top three gainers were $COAI, $AIC, and $M, while the top three losers were $XPL, $SNX, and $2Z.

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