Crypto News 9 October 2026: STRK and PYTH Rise, Market Fearful | Mobee Academy
News September 28, 2026

Crypto News 9 October 2026: STRK and PYTH Rise, Market Fearful

Author Bayu Samudera
Read time 5 min
Crypto News 9 October 2026: STRK and PYTH Rise, Market Fearful

Bitcoin and Ethereum fell again today, and the Fear and Greed index dropped into Fear territory. But the 24-hour gainers list in the Mobee app still shows five altcoins in the green: SHOW, ATT, STRK, MGO, and PYTH.

The five are not equal. STRK and PYTH rose on large volume with traceable catalysts. The other three rose about 12% to 29% on very small trading value, and moves like that need to be read carefully.

Key Points

  • STRK (Starknet) is up about 22% on Mobee and about 13.5% globally, with global volume around US$229 million, after Starknet said it is considering becoming a quantum-resistant Layer 1 network by 2027
  • PYTH is up about 12% on Mobee and about 13.3% globally, with global volume around US$97 million, after news that the Pyth DAO approved allocating 100% of product revenue to PYTH buybacks
  • SHOW is up 27.18%, ATT is up 29.12%, and MGO is up 11.69% on Mobee, but trading value is only about Rp2.1 million, Rp504 thousand, and Rp7.7 million
  • Bitcoin is down 1.7% to US$81,782 and Ethereum is down 4.2% to US$2,474, with the Fear and Greed index at 38 (Fear), down from 71 (Greed) two days ago
  • Large percentages on small volume can come from just a handful of trades, so they are not automatically a sign of broad market interest

24-Hour Gainers on Mobee

Based on the pair pages in the Mobee app and website:

AssetPairPrice on Mobee24h change24h rangeVolume on Mobee
STRKSTRK/IDRRp1,077+22.39%Rp871 to Rp1,102Rp1,131,378,508
PYTHPYTH/IDRRp1,468+11.89%Rp1,296 to Rp1,500Rp1,116,501,860
SHOWSHOW/IDRRp127,495+27.18%Rp100,250 to Rp127,495Rp2,071,284
ATTATT/IDRRp8,793+29.12%Rp6,810 to Rp8,794Rp503,839
MGOMGO/IDRRp9.65+11.69%Rp7.21 to Rp11.85Rp7,675,764

Source: Mobee, retrieved 9 October 2026 at around 08:55 WIB.

Look at the volume column. Only STRK and PYTH have meaningful volume, each around Rp1.1 billion, or about US$62 thousand to US$63 thousand. SHOW's volume is equivalent to about US$115, ATT about US$28, and MGO about US$430.

STRK (Starknet): Up on a Quantum-Resistant Layer 1 Plan

Starknet is a Layer 2 network on top of Ethereum that uses STARK proof technology. STRK/IDR is at Rp1,077, up 22.39% over 24 hours, with volume of about Rp1.13 billion.

Globally STRK is around US$0.0558, up about 13.5% over 24 hours and about 35.4% over seven days, in a range of US$0.04831 to US$0.06222. 24-hour trading volume is about US$229 million, and market capitalization is about US$414 million, ranked 126. The Mobee figure is higher than the global one because data timing differs, and the STRK price on Mobee is about 7.5% above the global price converted to rupiah.

The catalyst is clear. On Thursday 8 October, Starknet's official X account wrote that it is "actively considering becoming an L1". The goal is to become a fully quantum-resistant network by 2027. Earlier, StarkWare, Starknet's main developer, published a post-quantum cryptography roadmap on 30 June 2026. Several crypto outlets reported STRK rising 19% to 26% after the news.

What to look at honestly:

  • Starknet is only "considering". This is not a decision, and there are no details on how it would work or a timeline beyond the 2027 target.
  • The claim of being the "first fully quantum-resistant network" is Starknet's own, not independently verified.
  • STRK is already up about 35% over seven days, so part of this news may have been priced in before today.
  • 24-hour volume is about 55% of market cap. Turnover that high signals busy trading, but it also means price can reverse quickly.
  • The price is still about 98.7% below its all-time high of US$4.41.

How to read the risk of smaller-cap assets is covered in how to analyze crypto.

PYTH (Pyth Network): Up on Buyback News

Pyth Network is an oracle network that supplies price data to many on-chain applications. PYTH/IDR is at Rp1,468, up 11.89%, with volume of about Rp1.12 billion.

Globally PYTH is around US$0.0823, up about 13.3% over 24 hours and 8.7% over seven days, in a range of US$0.07181 to US$0.08386. 24-hour volume is about US$97 million, and market capitalization is about US$648 million, ranked 100. The Mobee price is very close to the global price converted to rupiah (a gap of about 0.7%), so the move on Mobee is following the global market.

The catalyst is tokenomics. According to a market news aggregator, the Pyth DAO approved allocating 100% of its applicable share of Pyth Pro product revenue to PYTH buybacks. The proposal, Pyth Strategic Reserve V2, has been discussed on the Pyth forum since 9 September 2026 and is marked as passed. The old rule bought PYTH with one third of the non-PYTH treasury balance each month, while the new version applies continuously without monthly votes. Douro Labs, the developer behind Pyth, still receives its share under its contract.

Supporting context from the same news: Pyth is reported to price about 90% of RWA perpetuals, with open interest at a record US$12.61 billion, and has been approved for Nasdaq Basic distribution with annual recurring revenue of about US$11.5 million.

What to look at honestly:

  • A buyback does not automatically mean the price rises. According to the same forum, monthly PYTH purchases fell from about 2.75 million PYTH (March 2026) to about 669 thousand PYTH (August 2026).
  • Forum commenters argued that PYTH paid directly by Douro out of its own holdings is not an on-chain buyback that creates new demand. Douro replied that future Pyth Pro distributions will be sent in USDC each month and then converted into PYTH through the on-chain process approved by the DAO.
  • PYTH is still far below its all-time high of US$1.20.

Three Spikes on Very Thin Volume

The three assets below rose on Mobee, but trading value is small. We show them because they appear on the gainers list, not because there is evidence of broad interest.

SHOW up 27.18%

SHOW/IDR is at Rp127,495, up from a 24-hour low of Rp100,250, and the last price equals the 24-hour high. Volume is about Rp2.07 million, or about US$115.

SHOW is an ERC-20 token on Ethereum with a total supply of 100 million. According to the announcement of its Mobee listing on 28 June 2026, SHOW is a utility token for a Web3 platform in the entertainment industry that aims to fund film projects through blockchain. The project cites four initial film titles and a target of more than 20 film projects. Those are the project's own claims and we have not verified them.

We found no catalyst news today.

ATT up 29.12%

ATT/IDR (Advertising Time Trace) is at Rp8,793, with a range of Rp6,810 to Rp8,794 and volume of about Rp504 thousand, or about US$28. Note that today's ATT figures are exactly the same as those shown yesterday, so there were probably no new trades and the data shown is the last transaction.

According to Mobee Academy, ATT is a Web3 project that combines real-world assets (RWA) and decentralized physical infrastructure networks (DePIN) for digital advertising. The project claims 3D LED advertising assets in Hong Kong, Thailand, and Indonesia, more than 200 advertisers, and annual revenue above US$20 million. These figures come from the project itself and have not been independently verified. We did not find reliable global price data for ATT, and there is no catalyst news today.

MGO up 11.69%

MGO/IDR is at Rp9.65, with a range of Rp7.21 to Rp11.85 and volume of about Rp7.7 million, around US$430. MGO was also on yesterday's list (up 29%). We found no news or catalyst for MGO today, and because we cannot confirm the identity of the listed token, we do not compare it with a global price.

How to read spikes like these

A percentage gain in a thin market describes the thinness of the order book more than the size of interest. A few things you can check:

  • Volume. Rp2.1 million, about US$115, means only a few small trades moved the price.
  • Gap to the global price. If the Mobee price is far from the global price, the rise can be a price adjustment rather than new demand.
  • Whether there is a catalyst. A rise with no news and no volume is hard to tell apart from noise.
  • Bid-ask spread. In thin assets, the price you get when selling can be far from the last recorded price. Limit orders help, as covered in order types in trading.

An example from yesterday: MET, which rose about 47% on Mobee, is down about 5.7% today at 0.4351 USDT. A big one-day gain can reverse that fast.

FYI: Bitcoin and Ethereum

For context, the large assets fell again today.

Bitcoin (BTC) is at US$81,782, down 1.7%, and on Mobee BTC/IDR is at Rp1,468,006,012 (down 1.63%). Ethereum (ETH) is at US$2,474, down 4.2%, and about 8.4% lower over seven days.

The causes are the same as yesterday: the 10-year Treasury yield at about 5.31%, near its highest since 2002, and Brent crude rising above US$102 after a report that the White House asked the Pentagon for options for strikes on Iran. Spot Bitcoin ETFs have also seen outflows in recent days. The full review is in Bitcoin price today.

One note from CoinDesk: Tom Lee said BitMine will stop buying Ethereum once it reaches 5% of total ETH supply. That means one steady buyer of ETH will stop at some point.

Sources: CoinDesk, CoinGecko, Farside Investors, 8 to 9 October 2026.

What to Watch Today and This Week

Michigan consumer sentiment is released today, Friday 9 October. Saturday 10 October marks one year since the 10 October 2025 flash crash. September consumer price inflation (CPI) is scheduled for 14 October.

STRK. Watch whether global volume stays high and whether Starknet releases details of the L1 plan. "Considering" is not yet a confirmed plan.

PYTH. Watch the next monthly buyback report to see whether the amount rises or keeps falling.

To avoid watching the screen constantly, you can set a price alert in the Mobee app.

Conclusion

Today Bitcoin and Ethereum fell and the market entered Fear, but of the five assets rising on Mobee, two have traceable stories: STRK is up about 13.5% globally on about US$229 million of volume after Starknet considered becoming a quantum-resistant L1, and PYTH is up about 13.3% on about US$97 million of volume after the DAO buyback news.

The other three, SHOW, ATT, and MGO, rose about 12% to 29% on trading value from about Rp504 thousand to Rp7.7 million. Moves like that reflect a thin market more than broad interest.

Always check volume, the gap to the global price, and whether there is a catalyst before interpreting a percentage gain.


Disclaimer: This article is prepared for information and education only and is not investment advice, a recommendation to buy or sell any asset, or financial advice. All price and volume data were taken on 9 October 2026 and can change quickly. Crypto assets are highly volatile with a risk of total loss, and smaller-cap assets are generally far more volatile. Do your own research and consider your risk tolerance before making any decision. Mobee is operated by PT CTXG Indonesia Berkarya, licensed and supervised by the Indonesian Financial Services Authority (OJK).

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