Daily Market Wrap (October 7th): Key Updates & Hot Topics

**Market Highlights:** 📈

Grayscale’s spot Ethereum ETF staking for US investors is now live. This move follows a surge in demand from the crypto market and may boost investor interest.

Standard Chartered predicts $1 trillion of deposits could flow out of emerging markets to US stablecoins by 2028, potentially leading to significant shifts in global financial landscapes.

**Trending Topics:**

**BTCFi’s Struggle:** 77% of Bitcoin holders have yet to utilize BTCFI’s services. This highlights the growing need for innovative solutions to improve accessibility and engagement within the crypto community.

**Polygon Under Pressure:** Activist investors are calling for Polygon to overhaul its 2% inflation model and launch share buybacks. This proposal aims to boost investor confidence and potentially revive the POL token’s price.