Layer 2 tokens rose 6.62% and DePIN assets gained 6.24% over 24 hours, while Bitcoin moved above $83,000 and Ether traded above $2,500.
DRV reached an all-time high of $0.575 and was quoted at $0.4668 on Oct. 12. Derive operates an onchain options protocol.
Heavy spending on data centers, chips and power infrastructure is supporting near-term growth and prices, while potential productivity benefits may emerge later.
Two tankers were struck on Oct. 10–11 as attacks on civilian and energy infrastructure in Saudi Arabia renewed concerns about regional supplies.
The incident involves devices sold through Southeast Asian distributor CryptoBilis, with estimated losses exceeding $93 million across hundreds of wallets.
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