Latest Crypto Market News Today, September 26: Plasma (XPL), ASTER, Avantis (AVNT), and STBL Correcting as BTC USD and ETH USD Pairs Stay in Hell

The crypto market isn’t exactly in great shape today, with BTC USD and ETH USD pairs still stuck in a brutal slump. However, not everything is in red. Newer players like Plasma(XPL), ASTER, Stable (SBTL), and Avantis(AVNT) are drawing USD liquidity in. While BTC slipped below 110K USD and ETH dropped over 2.5%, those newer coins are recording more than 100% gains at least.

XPL USD pair is hitting $1.5 after launching, and ASTER USD pair is posting 3-digit percentage gains to $2.4, before correcting these past 2 days.

(source – XPL/USD, TradingView)

On social media, especially Twitter, the sentiment is bumping up. Posts about ASTER are wildly climbing by 190% weekly. From fuds to people posting bullish tweets, ASTER is just everywhere, thanks to CZ, Binance Founder’s involvement. People are calling it the next big perp DEX, with a growing comparison to Hyperliquid.

(source – ASTER/USD, TradingView)

Meanwhile, XPL is being praised for its zero-fee stablecoin transfers and actual use cases, as well as Tether’s backing. That matters in a market where ETH and BTC can’t seem to catch a break, slumping still against USD.

Bitcoin

Price

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BTC

$2.17T

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ASTER and XPL USD Pairs Catch Fire as BTC and ETH Stumble

Despite the weakness in BTC ▼-2.52% and ETH ▼-3.12%, tokens like ASTER and XPL are gaining traction where it counts. According to CoinGlass, open interest in ASTER USD has exploded to more than $1 billion.

(source – ASTER/USD Open Interest, Coinglass) 

Meanwhile DeFiLlama reports that it’s already racking up serious perp volume, even blasting above Hyperliquid with $100 billion this week alone. These while XPL attracting over 1 billion USD in bridged assets.

(source – Aster, Perp volume, Defillama)

The numbers show that crypto traders are rotating their USD stablecoins out of the old names and into whatever’s showing life, and lately, that’s been ASTER, XPL, AVNT, and STBL.

STBL, currently priced around $0.46, has doubled this week. Backed by a $100M minting plan and backed by Tether’s CEO, it is racking up its legitimacy.

People starting to realize… $STBL is only $400M MC and has the backing of a Tether co-founder. The math writes itself.

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