Top 6 cryptocurrency news for October 1, 2024:

1. **Bitcoin Drops After Fed Announcement**: Bitcoin slid to $63,000 after the Federal Reserve hinted at rate cuts, sparking concerns of prolonged market uncertainty.
  
2. **BlockDAG's Surge**: BlockDAG saw rapid growth, thanks to a $1M giveaway and referral bonuses, emerging as a top performer this month.

3. **Ethereum Gas Fees Soar**: Ethereum's network activity spike pushed gas fees up by 498%, raising concerns about transaction costs.

4. **Gemini Exits Canada**: Gemini will close all Canadian accounts by year-end, citing regulatory issues, giving users 90 days to withdraw funds.

5. **FTX Creditors’ Limited Recovery**: FTX users will recover only 10-25% of their assets amid ongoing bankruptcy.

6. **Ethereum ETFs Hit $1B**: BlackRock’s Ethereum ETF surpassed $1B, signaling strong institutional interest.