Track market-moving stories before they get noisy

An early Ethereum holder has moved 6,369 ETH, valued at $15.95 million, to prominent exchange Kraken, in a transaction that has drawn significant attention within the crypto community.

Major profit realized after nine yearsBlockchain monitoring platform Lookonchain reported that the investor originally purchased the ETH nearly nine years ago at an average price of $14. This latest transfer signifies that the initial investment of approximately $89,166 has appreciated by about $15.86 million over the holding period.

This remarkable increase translates to a gain of approximately 17,786%, or nearly 179 times the original capital. Such returns underscore Ethereum’s impressive growth since its early days, as the asset has transformed from a speculative project to a mainstay of the digital asset market.

The Ethereum investor’s move represents a substantial profit of about $15.86 million, realized by holding the asset for nearly a decade through periods of significant volatility.

Market conditions and price impactThe move comes as Ethereum trades below the key resistance level of $2,500, facing sustained downside pressure. Despite this correction, long-term holders like this early investor remain in deep profit, reflecting the resilience and upward trajectory of Ethereum’s price over the years.

Currently, there is uncertainty within the market regarding the implications of this transfer. It is not clear whether the investor is planning to fully liquidate their assets or simply redistribute funds between addresses. However, large inflows of ETH to exchanges are typically monitored closely by traders for potential effects on price action and liquidity.

Activity in meme tokens highlights market trendsMeanwhile, the cryptocurrency market continues to see explosive activity in the meme token segment, where internet-driven trends can quickly attract substantial capital. For example, Fomo App data shows that a well-timed investment of $99 in “Niu Lai” generated approximately $370,000 in returns, illustrating both the volatility and opportunity present in this space. In such a fast-moving environment, it is essential for traders to track not only price fluctuations but also the specific timing and selection of tokens by active investors.

Fomo App facilitates this process by integrating token discovery, trade activity monitoring, and real-time social feeds into one unified platform. With features such as investor rankings and trade alerts, market participants can keep pace with rapidly emerging trends and monitor high-performing meme coins as shifts occur.

As both established cryptocurrencies like Ethereum and surging meme tokens draw renewed attention, investors are focusing on technical patterns and market developments that may indicate broader sentiment shifts or trigger key price movements.

Large transactions from early holders and the emergence of high-return meme coin trades highlight a dynamic crypto landscape, where tracking investor behavior and market timing has become increasingly important.

The recent transaction by the early Ethereum holder reflects the scale of long-term gains possible within crypto and underscores why ongoing monitoring of on-chain activity remains a critical component for market participants navigating both legacy and nascent digital assets.

In brief
Standard Chartered launched direct Bitcoin and Ethereum trading for affluent UAE clients on Wednesday after receiving licensing approval from Dubai's Virtual Assets Regulatory Authority.
Eligible Professional Investor clients can buy and sell BTC and ETH through their existing bank accounts, with the bank handling custody and settlement in a closed-loop model built with SC Ventures-backed Zodia Markets.
The bank called the service a global first for Standard Chartered and plans to expand it to other markets, though it gave no timeline.
Standard Chartered will now let its wealthier clients in the United Arab Emirates buy and sell Bitcoin and Ethereum straight from their bank accounts, the British lender announced Wednesday.

The move eliminates the need for its affluent clients to rely on separate wallets or third-party platforms, the bank said.

Myriad: Where does Ethereum go next? Click to make your prediction.The service opens first to clients classified as Professional Investors and runs under licensing approval from Dubai's Virtual Assets Regulatory Authority, or VARA. The bank called it a global first for Standard Chartered and the first crypto trading offering from an international bank in the UAE.

Trades are executed inside the bank's own ecosystem, and Standard Chartered handles custody and settlement end-to-end through what it calls a closed-loop model, which the bank says reduces clients' exposure to third-party wallet risk.

The bank built the product across its Wealth and Retail Banking and Corporate and Investment Banking units, working with Zodia Markets, a digital asset trading firm backed by Standard Chartered's venture arm, SC Ventures.

“As client interest in digital assets continues to grow, this launch represents a significant milestone for Standard Chartered as we bring digital assets into our core wealth offering” Samir Subberwal, the bank's global head of wealth solutions, retail products, data and analytics, said. He argued that clients now want more than access, and are looking for the security that comes with buying through a regulated institution.

Rola Abu Manneh, Standard Chartered's CEO for the UAE, Middle East and Pakistan, said the country was a natural choice given its regulatory environment and its role as one of the bank's four global wealth hubs.

Until now, Standard Chartered's crypto trading business had catered to institutions. In July 2025, it became the first global systemically important bank—one of the lenders regulators consider too big to fail—to offer spot trading in Bitcoin and Ethereum to institutional clients, through its U.K. branch.

It brought that institutional desk to the UAE last month through its unit in the Dubai International Financial Centre, which is overseen by a different watchdog, the Dubai Financial Services Authority. The bank's crypto custody service had already gone live in the UAE in September 2024, and in the European Union through a Luxembourg entity a few months later.

Wealth clients previously had indirect routes into crypto at the bank: crypto exchange-traded funds on its cash equities platform, structured products, and over-the-counter derivatives tied to crypto prices. The new service lets them own the coins themselves, held by the bank, rather than a product that tracks their price.

The bank has historically been very bullish towards crypto, with frequent calls from its analysts for Bitcoin to extend to new highs.

In June, Geoff Kendrick, Standard Chartered's global head of digital asset research, declared crypto winter over after Bitcoin slid to nearly $59,000, a 53% drop from its October 2025 peak of $126,000. The bank has held onto a $100,000 year-end target for BTC.

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20h35 ▪
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Luc Jose A.

Summarize this article with:

An old Ethereum address transferred 6369 ETH to Kraken after acquiring these tokens around 14 dollars nine years ago. Their value now reaches nearly 16 million dollars, but the reported yield of 17786% will only be actually cashed if the assets are sold.

In brief

An Ethereum whale transferred 6369 ETH to Kraken, for a value close to 16 million dollars.
Bought around 14 dollars nine years ago, these ETH show a potential gain of 17786%.
This transfer does not necessarily mean that the investor sold their cryptocurrencies and cashed in their gains.
The movements of these historic holders attract attention, but their impact on the Ethereum price remains limited at this stage.

The 6369 ETH were transferred to Kraken
The wallet tracked by Lookonchain deposited 6369 ETH on the Kraken platform on October 14. At the time of the transfer, the tokens were worth around 15.95 million dollars, based on a price near 2504 dollars per ether.

The address is said to have acquired these ETH nine years ago for an average price of only 14 dollars. The initial cost of the position can therefore be estimated at about 89166 dollars.

The ratio between the current value and the initial capital reaches nearly 179. After deducting the initial investment, the potential gain approaches 15.86 million dollars, or about 17786%.

This calculation shows the extent of Ethereum’s appreciation since 2017. However, it depends on two assumptions: the address actually bought the tokens at the indicated price and their owner can sell them near the price used for the estimate.

The public blockchain data allow transfers between wallets to be tracked. They do not always identify with certainty the person, company, or group that controls an address.

A deposit on an exchange does not prove a sale
Sending tokens to a centralized platform generally constitutes a potential selling signal. Investors often transfer their cryptos to an exchange to convert them into dollars, stablecoins, or other assets.

However, this operation does not demonstrate that the 6369 ETH have already been sold. Their holder can keep them on Kraken, use them as collateral, stake them, or execute an over-the-counter transaction.

The yield of 17786% remains therefore theoretical as long as no sale is visible or confirmed. If the investor gradually sells their ETH at a lower price, their final gain will be lower. An additional increase would have the opposite effect.

The figure also does not take into account possible transaction fees, Kraken commissions, and taxes applicable to the holder. These costs would remain low compared to the gain, but they prevent considering the estimate as a net profit.

It is therefore appropriate to speak of a potential gain or unrealized capital gain at the time of the deposit, and not of a definitively cashed profit.

The first ETH holders take their profits
This transaction joins several movements observed among early Ethereum investors. At the end of September, another address inactive for nearly nine years had begun selling a position acquired in 2017.

This wallet had bought 3000 ETH at an average price of 18.80 dollars, for an initial investment of 56500 dollars. It then sold 2000 tokens around 3096 dollars on average and kept the remaining 1000 ETH.

In January, an address inactive for nine years also transferred 135284 ETH to Gemini. These tokens, accumulated around 70 to 90 dollars, were worth nearly 397 million dollars at the time of their movement.

These sales do not necessarily constitute a collective bearish signal. Historic holders can secure part of their gains after several years without questioning their confidence in the network.

Their very low acquisition price also allows them to sell with a significant capital gain, even when ETH is far from its historical peak.

Selling pressure the market must absorb
Ethereum trades around 2500 dollars after briefly hitting nearly 2400 dollars this week. The token remains weakened by outflows from certain ETFs, the decline of the ETH/BTC ratio, and general caution on risky assets.

A sale of 6369 ETH represents about 0.005% of the network’s total supply. This volume remains modest on the scale of Ethereum and should not, by itself, sustainably change the price.

The impact mainly depends on the method used. An immediate sale on the order book exerts more pressure than a split operation or an over-the-counter deal with an institutional buyer.

Whale movements attract attention because they can indicate a change in behavior among long-term holders. However, a single wallet is not enough to establish a general trend.

This transaction mainly illustrates the performance realized by some early investors. It also reminds us of an essential nuance: the blockchain confirms the movement of ETH, but not the identity of their owner nor the definitive realization of the reported gain.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

On-chain finance continues to draw capital at a steady clip, and the latest weekly figures from Token Terminal illustrate a clear split in where that money is landing.

Real-world assets (RWAs)—tokenized versions of funds, U.S. Treasury bills, credit products, equities, and commodities—showed concentrated growth on Ethereum, while stablecoins, the dollar-pegged instruments that serve as the primary settlement and trading layer for most crypto activity, saw their largest single-week addition on Tron.

According to the data, the circulating market capitalization of RWAs issued or hosted on Ethereum rose by $553.1 million over the trailing seven days.

That single-chain increase outpaced the next two gainers by a wide margin. zkSync Era recorded the second-largest expansion at $126.1 million, while BNB Chain added $68.7 million.

Ethereum’s weekly gain was therefore more than four times larger than the runner-up, reinforcing the network’s longstanding position as the primary venue for tokenized traditional assets.

This concentration is consistent with Ethereum’s broader role in the sector. Institutional issuers and asset managers have repeatedly chosen the chain for its liquidity depth, established custody solutions, and the ability to compose tokenized products with existing decentralized-finance infrastructure.

Even as other networks post incremental gains, the absolute scale of capital flowing onto Ethereum in any given week tends to remain larger, particularly when the inflows involve regulated or semi-regulated instruments such as tokenized money-market funds and Treasury products.

The $553.1 million figure represents fresh issuance or net inflows rather than pure price appreciation of already-deployed tokens, underscoring ongoing demand for on-chain representations of off-chain yield and collateral.In parallel, the stablecoin market posted a distinct pattern of growth.

Tron’s stablecoin market capitalization expanded by $633.6 million during the same seven-day window.

The next largest increases were substantially smaller: OP Mainnet rose by $64.1 million, X Layer by $61.9 million, and Base by $57.8 million.

Tron’s addition was nearly ten times the size of the second-place chain, highlighting the network’s continued dominance in low-cost dollar transfers, especially those involving Tether’s USDT.

Tron’s advantage stems from a combination of near-zero fees for stablecoin transfers, high throughput, and deep integration with payment and remittance use cases across emerging markets.

A large share of USDT supply already resides on the chain, and weekly expansions of this magnitude typically reflect both new minting and net migration of balances from higher-cost environments.

While Ethereum still holds the overall lead in total stablecoin value, the incremental flows continue to favor Tron when the priority is speed and cost rather than composability with complex DeFi strategies.

The two data points illustrate complementary rather than competing dynamics. Ethereum remains the preferred settlement and issuance layer for higher-value, institutionally oriented RWA products whose weekly growth can exceed half a billion dollars.

Tron, by contrast, continues to absorb the bulk of retail and payments-oriented stablecoin activity, with single-week additions that can surpass $600 million and dwarf those of other Layer-2 and alternative networks.

Both trends contribute to the same underlying development: an expanding share of traditional and digital dollar financial activity is occurring on public blockchains, tracked and standardized by platforms such as Token Terminal.

Market participants will watch whether these weekly patterns persist as new RWA products launch and as stablecoin issuers adjust supply across chains. For now, the numbers show Ethereum capturing the majority of recent tokenized-asset growth and Tron securing the clear majority of new stablecoin capitalization.

The Bank of Russia has officially listed Sberbank as an authorized crypto exchange operator, enabling the country’s largest lender to purchase and sell digital assets directly using its own funds. This regulatory move, announced on October 12, follows Sberbank’s addition to the register of digital depositories just six days earlier.

Sberbank enters crypto market with new servicesWith the latest registration, Sberbank is now permitted to act as both an exchange operator and a digital depository. This dual authorization allows the bank to facilitate trades and maintain client asset records entirely within its own systems, eliminating reliance on third-party platforms.

Sberbank, founded in 1841, is the largest banking and financial services company in Russia, serving over 110 million retail customers and 3.5 million corporate clients. The bank plans to introduce its first digital asset products on December 1 through its integrated apps, which include SberBank Online, SberInvestments, and SberBusiness. The initial offering will feature trading in Bitcoin, Ethereum, and Tether (USDT).

According to Sberbank’s press service, these crypto services will be accessible to clients directly within the bank’s established digital interfaces. The December 1 rollout is contingent on finalized secondary regulations from the central bank, which are still pending.

Regulatory framework and user restrictionsRussia’s legal environment for digital currencies is evolving. President Vladimir Putin signed a law in August establishing new limits for retail crypto investors. Non-qualified individuals are restricted to spending a maximum of 300,000 rubles, approximately $3,800, per year through any single intermediary. Those wishing to participate must also pass a mandatory knowledge assessment. The current draft list of tradable digital assets is limited to Bitcoin, Ethereum, and USDT.

Despite the expanded access to crypto purchases, it remains illegal to use digital currencies for payments within Russia. As a result, Sberbank clients can buy and hold cryptocurrencies, but cannot use them directly for transactions involving goods or services.

Market impact and future growth projectionsAnatoly Popov, Deputy Chairman of Sberbank’s Management Board, has projected that the Russian crypto trading market could reach 4 trillion rubles, or about $46 billion, in its first year under the new regime. He further expects this figure to climb to 7.5 trillion rubles, roughly $89.7 billion, by 2029. Sberbank also intends to accept Ethereum and USDT, alongside Bitcoin, as collateral for loans once the Bank of Russia authorizes public circulation for these assets.

Deputy Chairman Anatoly Popov has forecast that Russian crypto trading volumes could reach 4 trillion rubles, or about $46 billion, in the first year and approach 7.5 trillion rubles, nearly $89.7 billion, by 2029.

Sberbank’s integration of crypto services represents a notable shift in Russian monetary policy. In January 2022, the Bank of Russia had proposed a ban on crypto use, mining, and exchanges, citing concerns over financial stability. The current approach signals a more regulated and structured entry into the digital asset sector by major financial institutions.

Registered crypto service providers in Russia must comply fully with new regulatory standards by September 1, 2027, as specified by the central bank.

Mini dictionary: Sberbank, founded in 1841, is Russia’s largest lender and a key player in the country’s banking and financial sector, with a vast network of clients and digital services.

AssetAvailable for Trading?Can be Used for Payments?Investor LimitBitcoinYesNo300,000 rubles/yearEthereumYesNo300,000 rubles/yearUSDTYesNo300,000 rubles/year

Remittix approaches its confirmed market debut with PayFi testing underway as Ethereum staking expands into traditional brokerage and Cardano records its busiest five-day period.

MAJURO, Marshall Islands, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Remittix is counting down to the November 24, 2026 market launch of RTX, giving its growing community a fixed date for the project’s transition from crypto presale to public trading.

The launch sets an endpoint for a campaign that has attracted more than 40,000 participants and raised over $32 million toward a $36 million hard cap. RTX is currently available at $0.28 through Remittix, while $0.46 is the announced final presale price and planned minimum exchange launch price.

The countdown begins as Ethereum and Cardano price prediction models gain fresh support. Interactive Brokers has launched Ethereum staking for eligible clients, while Cardano recorded 1.78 million transactions in five days.

November 24 Gives Remittix a Defined Market Catalyst
The November 24 RTX launch creates a clear timeline for the final allocation. Participants can track the current $0.28 price, the $0.46 final stage, the hard cap and the public-market date.

One thousand invited holders can test PayFi using EUR and USD routes, allowing Remittix to gather feedback before wider access.

PayFi Places Remittix Inside a Global Payments Opportunity
Remittix is primarily a PayFi project built to connect cryptocurrency with conventional bank settlement. Its model allows an eligible transfer to be funded with supported digital assets while the recipient receives fiat through a compatible bank account.

Current testing includes crypto-to-fiat and fiat-to-crypto functions. USDT and USDC are supported across Ethereum, Celo, Base and Polygon, with additional currencies, assets and networks being prepared.

The Remittix ecosystem adds further utility. Its iOS wallet has exceeded 10,000 downloads, Remittix Markets has processed more than $50 million in perpetual volume and Remittix Earn is approaching release with advertised yields of up to 22% APY on eligible holdings.

Ethereum Price Prediction Targets $12,000 as Cardano Eyes $3
Interactive Brokers has introduced Ethereum staking for eligible clients through zerohash. Rewards can be credited as additional staked ETH and compound while active. The move takes Ethereum’s yield proposition further into traditional finance and strengthens the case behind a $12,000 ETH price prediction.

Cardano processed 1,780,896 transactions during Epoch 660, surpassing its previous five-day record from November 2021. That surge gives ADA bulls a new network-activity argument as Cardano price prediction models revisit the $3 level. From recent prices, that target would represent a return toward the token’s historic peak and a major rerating of Cardano’s ecosystem.

Remittix Enters the Final Phase With Multiple Products Advancing
Ethereum and Cardano offer established network exposure, but their multibillion-dollar valuations require enormous new capital to produce outsized gains. Remittix enters public trading from an earlier stage, with PayFi testing, a live trading platform, wallet adoption and an Earn product approaching release.

For investors searching for a new crypto with a confirmed launch catalyst, November 24 places RTX on a shorter and more visible timeline. The final presale phase gives buyers a limited opportunity to enter before price discovery moves to public exchanges.

About Remittix
Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.

Website: https://remittix.io
X: https://x.com/remittix

Media Contact
Company: Remittix
Email: [email protected]

Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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Crypto has a short attention span. Grayscale’s head of research thinks that could cost investors.

Zach Pandl cautioned that market participants may be overlooking Ethereum, Solana and BNB Chain. Meanwhile, newer narratives around assets like Zcash and Hyperliquid are soaking up the spotlight. His argument: the established smart contract platforms are positioned to anchor a coming tokenization wave. That wave could involve trillions in on-chain assets.

What Pandl actually said
Pandl made the remarks in an interview at the TOKEN2049 conference in Singapore. The comments were published on October 13, 2026.

His core point was about distraction. Privacy features and perpetual futures platforms are captivating a lot of investors right now. Pandl doesn’t dispute the excitement. He just thinks it risks pulling focus from the infrastructure Wall Street will need.

Pandl tied this to an expected tokenization boom. Tokenization means representing real-world financial assets as tokens on a blockchain. He pointed to three categories in particular:

Stablecoins, the dollar-pegged tokens already used widely across crypto
Tokenized deposits, which put bank deposits on-chain
Tokenized securities, such as stocks or bonds issued in blockchain form

Pandl also flagged something about crypto culture itself. Many enthusiasts, he noted, seem to prioritize projects that generate high revenue. That creates an environment where steady long-term bets on established platforms can slip through the cracks.

He was candid that Grayscale’s view isn’t universally shared. The firm believes smart contract platforms are essential to a robust crypto portfolio. Pandl acknowledged that this position is not a consensus among crypto natives.

The scoreboard problem
Zcash posted a +389% increase over the past year. Hyperliquid rose +100% over the same stretch. Both outpaced ETH and SOL.

Zcash is a privacy-focused coin. Hyperliquid is a platform built around perpetual futures, a type of derivative contract with no expiry date that lets traders bet on price moves with leverage.

Background: why Grayscale cares about the base layer
Grayscale has long positioned itself as a bridge between crypto and traditional finance. From that vantage point, Pandl’s comments are consistent. When Wall Street adopts blockchain technology, it will want platforms with deep developer ecosystems, established track records and the ability to handle assets like stablecoins and tokenized securities at scale.

Ethereum, Solana and BNB Chain fit that description in Grayscale’s view. They are among the most widely used smart contract networks. Stablecoins and tokenized assets are expected to improve transaction efficiency and cut costs. Any platform hosting a large share of that activity could become a central piece of a diversified crypto portfolio, according to the research findings accompanying Pandl’s remarks.

What this means for investors
Pandl’s argument is essentially a reminder about time horizons. Short-term returns have favored the newer narratives. His thesis is about where value may accrue if tokenization scales the way proponents expect.

There’s also the competitive question. Pandl grouped Ethereum, Solana and BNB Chain together, but they compete with each other for the same institutional activity. A tokenization boom wouldn’t necessarily lift all three equally.

What to watch: whether stablecoin and tokenized securities activity actually grows on these networks, and whether institutions start announcing products built on them. Until then, Pandl is making a contrarian call in a market that currently prefers the sizzle to the steak.

Pandl himself admits plenty of crypto natives would bet against him.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Ethereum is seeing renewed optimism among crypto traders and investors, with multiple on-chain and sentiment metrics aligning to suggest the potential for a significant price move. While ETH experienced a weekly decline, institutional activity and growing social interest are contributing to a shift in market expectations.

ETH sentiment diverges from BTC and XRPSantiment, a cryptocurrency market intelligence firm, has identified a substantial difference in sentiment across leading tokens on social media platforms including X, Reddit, and Telegram. The data indicates a strong tilt toward bullishness for Ethereum. For every bearish comment about ETH, there are 2.05 bullish ones, marking the coin’s entry into what is known as FOMO, or Fear of Missing Out, territory.

Social volume on major channels currently shows Ethereum recording more than double the number of optimistic mentions compared to pessimistic ones, according to Santiment’s analysis.

Santiment attributed this optimistic stance to ETH’s recent rebound off key support levels, increasing staking demand, and growing anticipation surrounding upcoming network upgrades. In contrast, traders in Bitcoin and XRP have adopted a more cautious outlook.

Bitcoin, the largest cryptocurrency, has seen its bullish-to-bearish comment ratio drop to 0.82. Recent rejections near the $87,000 mark, a pullback toward $81,000, and broader macroeconomic factors have triggered a series of long position liquidations.

Meanwhile, XRP, the native token of the Ripple payment network, recorded a bullish comment ratio of 0.92 after declining over 9% for the week and failing to retake the $1.40 level.

CryptocurrencyBullish RatioWeekly PerformanceKey Support/ResistanceEthereum (ETH)2.05-4.1%Rebounds above supportBitcoin (BTC)0.82Decline toward $81,000Repeated rejection near $87,000XRP0.92-9%Failed to reclaim $1.40Whale accumulation and ETF inflowsWhile retail participants react to short-term price changes, larger players appear to be accumulating ETH. The latest market data puts Ethereum at roughly $2,520, down 0.9% over the past 24 hours and 4.1% for the week. However, on-chain analytics from Lookonchain reveal notable whale activity, with one major address rotating capital from Bitcoin into Ethereum in recent days.

Over a three-day period, this address reportedly sold 1,074.36 BTC valued at about $89.5 million and converted the proceeds into approximately 36,159 ETH, worth around $90.6 million.

Mini dictionary: Lookonchain, a blockchain analytics platform that specializes in real-time tracking of whale movements, trading activities, and wallet addresses across major blockchains.

In addition, recent data from SoSoValue show a reversal in spot Ethereum ETF flows. On October 13, US Spot Ethereum ETFs broke a 10-day streak of net outflows, registering $24.84 million in net inflows. This was the first positive inflow since September 28, signaling renewed institutional confidence.

Analysts eye all-time high retest for ETHMarket participants have responded to these developments with increased optimism. Ted Pillows, a crypto investor and analyst, stated on X that he expects ETH to approach its previous all-time high before the end of the year, citing coordinated signs from social sentiment, ETF activity, and whale accumulation.

Ted Pillows believes Ethereum is positioned for a strong recovery, with large investors, ETF momentum, and community mood all aligning for a possible return to peak levels.

The contrasting behavior between Ethereum and its major peers reflects a broader realignment of trader attention, as participants monitor the evolving landscape across the cryptocurrency market.

6 hours ago

According to Farside Investors’ monitoring, U.S. spot Bitcoin ETFs saw a net inflow of $175.7 million yesterday. Of that total, IBIT recorded a net inflow of $65.9 million, while FBTC posted a net inflow of $103.1 million. Ethereum ETFs logged a net inflow of $24.8 million, with FETH bringing in $8.1 million and Grayscale’s Ethereum product seeing a net inflow of $16.7 million.

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Ethereum price has struggled to sustain a recovery above $2,500 on October 14 as persistent ETF withdrawals, weak market sentiment, and technical resistance continue to limit buying interest.

Summary

Ethereum price continues to struggle near $2,500 as persistent spot ETF withdrawals and weak market sentiment limit recovery attempts.
U.S. spot Ethereum ETFs recorded $542.2 million in net outflows during the week ending October 9, adding to selling pressure.
Daily Bollinger Bands and Aroon readings favor sellers, with ETH trading below the middle Bollinger Band at $2,617.99.
The four hour MACD shows improving momentum, but ETH must clear resistance at $2,543 and $2,580 to strengthen its recovery.
A break below $2,449 could expose support near $2,425 and $2,409, while a sustained recovery could bring $2,618 into focus.

According to TradingView data, Ethereum (ETH) traded at $2,508.58 at the time of writing, up 0.43% on the day after moving between $2,497.94 and $2,522.63.

The second largest cryptocurrency has been trying to recover from last week’s selloff, which pushed prices toward $2,400. However, ETH remains below important resistance levels on the daily chart, while the 4-hour timeframe shows that buyers have yet to establish a convincing recovery.

Ethereum price faces pressure from ETF withdrawals and market selling
Institutional demand has remained weak throughout October, with U.S. spot Ethereum exchange-traded funds recording $542.2 million in net withdrawals during the trading week ending October 9.

According to Farside Investors, the funds recorded five consecutive sessions of outflows during the week, including $201.9 million on October 6 and $160.9 million on October 7.

The withdrawals formed part of a longer selling streak that began on September 29. As crypto.news reported on October 12, cumulative redemptions had reached $697.4 million across nine consecutive negative sessions through October 9.

BlackRock’s ETHA was responsible for a substantial portion of the selling, particularly during the two largest withdrawal sessions.

Institutional outflows have coincided with selling across the cryptocurrency market, where leveraged positions have contributed to recent price swings.

Ethereum was trading near $2,718 on October 6 before losing the $2,600 level during the following session. Geopolitical tensions around the Strait of Hormuz accompanied the market decline, with Bitcoin and other major cryptocurrencies recording losses.

The selling pushed ETH toward $2,409 before buyers stepped in, although subsequent recovery attempts have struggled to move decisively beyond the $2,500 region.

Derivatives positioning has created another obstacle. CoinGlass liquidation data cited in October 12 market coverage identified overhead liquidation concentrations around $2,585, $2,635 to $2,640, and $2,740.

A recovery into these regions could trigger short liquidations, but the same areas may attract traders looking to exit positions following the recent decline.

Meanwhile, corporate Ethereum accumulation has continued despite the weaker market.

BitMine Immersion Technologies purchased another 12,532 ETH during the week ending October 11, bringing its reported holdings to 6,028,946 tokens, or approximately 4.9% of Ethereum’s supply.

The company’s chairman, Tom Lee, has warned that selling in South Korea’s stock market could spread into cryptocurrency markets through liquidations. The warning followed a decline of more than 6% in South Korea’s KOSPI index on October 13.

BitMine’s continued purchases have provided a source of institutional demand, although they have not prevented ETH from trading below its recent highs.

Daily indicators favor sellers
On the daily ETH/USDT chart, Ethereum is trading below the middle Bollinger Band, indicating that sellers continue to have the upper hand despite the latest recovery attempt.

ETH/USDT 1-day price chart. Source: crypto.news
The middle band currently stands at $2,617.99, nearly $110 above the prevailing market price.

A recovery toward this level would require ETH to overcome several resistance areas established during the recent decline. Until then, the middle band remains a potential ceiling for any rebound.

The lower Bollinger Band sits at $2,425.34, close to the area where buyers entered the market during the latest selloff.

A move below $2,425 could expose the recent swing low near $2,409. Sustained selling below that level would leave the $2,350 to $2,380 region as a possible next downside target.

The upper Bollinger Band, meanwhile, stands at $2,810.63. However, a move toward that level would first require Ethereum to recover above the middle band and overcome resistance around $2,700.

The Aroon indicator provides another view of the prevailing trend.

On the daily chart, Aroon Down stands at 57.14%, while Aroon Up is considerably lower at 14.29%.

The difference indicates that recent lows have been more influential than recent highs, although the Aroon Down reading has not reached levels normally associated with a particularly strong downtrend.

Aroon Up would need to recover and cross above Aroon Down to indicate that buyers are beginning to establish a stronger trend.

Until such a crossover develops, the daily readings leave Ethereum vulnerable to renewed selling, particularly if the price fails to hold above $2,450.

The 4-hour chart presents a somewhat different picture, with momentum beginning to improve following the decline toward $2,409.

ETH/USDT 4-hour price chart. Source: crypto.news
Ethereum’s Moving Average Convergence Divergence indicator shows the MACD line at -8.68, above the signal line at -10.01.

The histogram has turned positive at 1.33, indicating that bearish momentum has eased and that buyers have regained some short-term ground.

However, both the MACD and signal lines remain below zero, meaning the recovery has not yet developed into a confirmed bullish trend.

The histogram has also narrowed following its earlier expansion, suggesting that the initial recovery is losing momentum as ETH trades near $2,500.

Fibonacci retracement levels drawn between the recent swing low of $2,409.09 and swing high of $2,579.88 place immediate resistance around $2,514.54, corresponding to the 0.618 retracement.

A sustained move above this level could allow ETH to challenge $2,543.33, the 0.786 retracement, before attempting to revisit $2,579.88.

A breakout above $2,580 would bring the daily Bollinger middle band near $2,618 into focus.

If buyers manage to reclaim that level, the next resistance areas would lie near $2,685 and $2,700, although such a recovery would require stronger momentum than the current 4-hour readings suggest.

On the downside, initial support lies around $2,494, followed by the Fibonacci levels at $2,474.33 and $2,449.40.

A breakdown below $2,449 would raise the possibility of another move toward $2,409, particularly if the 4-hour MACD crosses back below its signal line.

For a stronger recovery, the 4-hour MACD would need to move above zero while ETH reclaims $2,543 and subsequently $2,580. On the daily timeframe, $2,618 remains the next significant resistance level before buyers can challenge the $2,700 region.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

An Ethereum wallet associated with sven.eth has reportedly lost 9.1231 ETH, valued at approximately $22,770, and 1.69271471 TAPEETH tokens after an attacker used a malicious EIP-7702 authorization to gain control of the account.

Summary

Security firm ExVul reported that an Ethereum wallet lost 9.1231 ETH through malicious account delegation.
The reported attack involved 1.69271471 TAPEETH tokens alongside Ethereum valued at approximately $22,770 at detection.
A sponsored EIP-7702 transaction reportedly enabled attacker controlled code to execute through the victim’s wallet.
ExVul attributed the theft to malicious wallet authorization, not a vulnerability in PodMining or TAPEETH.
The security firm warned that the malicious delegation remained active at Ethereum block 26,188,153 afterward.

Blockchain security firm ExVul reported the incident on October 14, identifying an attacker-sponsored transaction that activated malicious code previously authorized by the wallet owner. The firm attributed the theft to an unsafe delegation, explaining that the attacker drained the wallet without exploiting the underlying DeFi protocol.

The reported incident involved the wallet linked to sven.eth and an attacker-controlled address beginning with 0x9208. According to ExVul’s investigation, the authorization allowed code installed through Ethereum’s EIP-7702 mechanism to operate with the wallet’s permissions.

Ethereum EIP-7702 attack drains ETH and TAPEETH
The reported theft involved 9.1231 ETH and 1.69271471 TAPEETH, with the ETH portion valued at approximately $22,770 when ExVul published its findings. The security firm did not provide a separate dollar valuation for the TAPEETH tokens.

ExVul identified the transaction hash as 0x36e0d1491c14e3d8e50bc70d73675b89d2d4712814d16f808f957c84fde820ee, linking the activity to a sponsored type-4 Ethereum transaction. Such transactions support EIP-7702 authorizations, which allow ordinary wallet addresses to execute smart contract code.

The investigation attributed the attack to 0x9208097c007be15e28b20e94e66870a3f9f820bc. The victim’s wallet was identified as 0xd8ba9e5886b7000bace2c9dbdd0be98ac77d4a28, while the malicious delegation pointed to 0x0366b55f948a688888ca6e029ad0831f6ec260d1.

🚨 ALERT — EIP-7702 Wallet Drain on Ethereum

sven.eth was drained for 9.1231 ETH net (~$22.77K) plus 1.69271471 TAPEETH.

No flash loan or AMM manipulation was involved: the attacker sponsored a type-4 transaction carrying the victim's valid EIP-7702 authorization, then swept…

— ExVul (@exvulsec) October 14, 2026

According to the security alert, the attacker submitted a transaction containing an EIP-7702 authorization signed by the victim. Once Ethereum processed that authorization, subsequent calls to the affected wallet executed the delegated contract’s instructions within the victim account.

The attacker-controlled code reportedly contained a fixed address authorized to operate the wallet. The controller then invoked the PodMining.claim() function, transferred the resulting TAPEETH rewards and withdrew the wallet’s ETH balance.

ExVul emphasized that “No flash loan or AMM manipulation was involved.” Its findings identified the account authorization as the entry point, with no evidence in the supplied analysis of an exploit involving liquidity pools or price manipulation.

How malicious wallet delegation enabled the theft
EIP-7702 is part of Ethereum’s account abstraction development, allowing externally owned accounts to temporarily gain smart contract functionality through delegated code.

Under the official Ethereum specification, a user signs an authorization identifying the smart contract that will control the account’s execution behavior. Once submitted through a compatible transaction, Ethereum records the delegation and runs the designated code when the wallet receives relevant calls.

The feature supports legitimate applications, including sponsored transactions, transaction batching and more flexible wallet permissions. A user can authorize multiple actions through a single transaction or allow a third party to cover the network fee.

However, the same mechanism carries security risks when an account delegates execution to malicious code. Ethereum’s EIP-7702 specification explains that poorly designed or malicious delegation contracts can grant an outside party extensive control over the account.

In this incident, the attacker reportedly paid the transaction fee and submitted the signed authorization. The wallet owner did not need to fund or broadcast the transaction that activated the malicious delegation.

The signature supplied authority for the wallet to execute the attacker’s code. Once activated, the code operated under the victim’s account context, allowing the controller address to initiate the reported asset transfers.

ExVul stated that the exploit “is not a TAPEETH / PodMining bug.” The conclusion distinguishes the authorization mechanism from a vulnerability in the token or the reward contract.

The firm did not establish how the attacker obtained the victim’s authorization. Its public findings do not identify a specific phishing website, malicious application or compromised signing interface.

Malicious authorization could threaten future deposits
After the reported theft, ExVul warned that the wallet’s malicious delegation remained active at Ethereum block 26,188,153.

The warning concerns a feature of EIP-7702: setting a delegation does not automatically remove it when the transaction finishes. The authorized contract can remain associated with the wallet until the account owner replaces or clears the delegation.

Ethereum’s official security guidance explains that a wallet owner retains control through the original private key, including the ability to reset delegation by authorizing the zero address. However, malicious delegated code may remain dangerous until the change is successfully processed.

ExVul warned users against transferring new assets into the affected address while the suspicious delegation remained active. Newly deposited funds could face the same exposure if the attacker’s code continued to control spending permissions.

The firm recommended clearing or replacing the authorization and moving remaining assets to a secure wallet. Such recovery actions require care because the affected address may execute malicious instructions while the delegation persists.

The warning was based on the delegation status observed at block 26,188,153. ExVul’s original alert did not establish whether the victim had subsequently removed the malicious code or recovered any assets.

No reimbursement arrangement, recovery transaction or law enforcement action was identified in the supplied investigation.

EIP-7702 has raised similar security concerns before
The latest reported attack follows previous warnings from blockchain security researchers about malicious account delegations.

In May 2025, crypto market maker Wintermute identified widespread use of EIP-7702 contracts designed to automatically drain funds from compromised Ethereum wallets.

Wintermute’s research found that more than 97% of observed EIP-7702 delegations at that stage pointed to contracts using identical code. Its analysis associated many of those delegations with automated sweepers that could transfer incoming ETH to attacker-controlled addresses.

The earlier security concerns surrounding Ethereum’s Pectra upgrade centered on attackers abusing wallet delegation features introduced through EIP-7702. Security researchers warned that malicious code could remain connected to accounts after victims completed the initial authorization.

A separate incident involving World Liberty Financial tokens in September 2025 raised similar concerns. Blockchain investigator Yu Xian reported that attackers were using compromised wallet permissions and EIP-7702 delegation to target holders after token transfers became available.

The phishing attacks against WLFI token holders involved malicious delegation contracts that allowed attackers to execute unauthorized transactions. Investigators linked the activity to compromised wallet credentials and fraudulent authorizations.

In July 2026, another Ethereum phishing incident involving nearly $1 million demonstrated how dangerous wallet approvals can expose cryptocurrency holdings. That case involved malicious transaction permissions and was not established as the same exploit method reported against sven.eth.

Ethereum’s EIP-7702 specification identifies several safeguards for developers building delegation contracts, including replay protection, authenticated transaction parameters and secure initialization procedures.

The specification warns that poorly implemented delegation contracts may give malicious actors nearly complete control over the affected account. It recommends carefully verifying the permissions granted to delegated code, particularly when external parties can submit transactions on behalf of wallet owners.

ExVul’s October 14 alert identified the malicious contract, controller address and affected account, but did not disclose whether the victim had since replaced the authorization. The investigation recorded the suspicious delegation as active at block 26,188,153.

Ethereum's DOPE Hits $22M After Internet Accident

An #EthereumOG who bought $ETH at just $14 nine years ago is selling!

He deposited 6,369 $ETH ($15.95M) into #Kraken ~40 minutes ago.

https://arkm.com/explorer/address/0x8ACF47C6A7785BdB7E05ba210d324EE66D05aA93

US CPI Inflation LIVE Updates Today Oct. 14: Will Hot CPI Data Trigger Bitcoin, XRP, Crypto Selloff?

Ethereum‘s derivatives market has witnessed a notable decline in leverage, as persistent outflows from institutional products and weak US trading activity weigh on the cryptocurrency’s recovery prospects.

Leverage and institutional flows weakenRecent data from on-chain analytics provider CryptoQuant indicates that Ethereum’s Estimated Leverage Ratio (ELR) has declined to 0.62. This marks its lowest reading since November 2025, pointing to a reduction in the use of leverage by traders in the ETH market.

The Estimated Leverage Ratio is calculated by comparing open interest in derivatives to the amount of an asset held in spot exchange reserves. It provides insights into how much of the market’s activity is driven by leverage versus actual holdings.

Mini dictionary: Estimated Leverage Ratio (ELR), a metric that assesses the proportion of leverage used in the derivatives market by comparing derivatives open interest with spot exchange reserves.

The drop in leverage has coincided with declining open interest on Ethereum derivatives exchanges. This trend indicates that traders have generally adopted a more cautious stance, preferring not to expand leveraged positions despite recent price movements.

In addition, the Net Taker Volume for Ethereum remains negative, reflecting ongoing sell-side pressure in perpetual futures trading. This metric highlights that market-order selling currently exceeds buying across these instruments.

The cautious sentiment was further underscored by the Coinbase Premium Index, which recently fell to -0.117. This negative value means that Ethereum is currently trading at a discount on Coinbase compared to other major exchanges, suggesting more muted demand from US-based buyers.

Ethereum’s market data continues to highlight cautious behavior from traders, as the decline in leverage and persistent negative taker volume signal that participants remain wary of new long positions.

Institutional flows have also been under pressure. Data from SoSoValue shows that US-listed spot Ethereum ETFs reported $85.4 million in net outflows on Monday. Although there was a modest inflow of $24.84 million on Tuesday, the 10-day net redemption streak is now the longest since mid-May to early June.

DateETH ETF Net FlowsMonday$85.4 million outflowTuesday$24.84 million inflowPrevious 10 daysConsecutive outflowsTechnical outlook for ETHTechnically, Ethereum has been consolidating on its daily chart as it attempts to build support near its 50-day exponential moving average (EMA), which sits around $2,501.

The immediate challenge for buyers lies at the $2,548 resistance level. A successful move above this first barrier would bring the 20-day EMA, currently at about $2,578, into focus as the next key resistance.

If bullish momentum strengthens, traders may watch for targets at $2,636 and $2,781, with further resistance identified at $3,075 and $3,253.

Momentum indicators remain subdued. The Relative Strength Index (RSI) is hovering near 43, below the neutral 50 midpoint, while the Stochastic Oscillator has dropped to 27, which signals weak momentum and nears oversold territory.

On the downside, initial support can be found at $2,413. Further declines could expose Ethereum to support at $2,355 and its 100-day EMA. Deeper pullbacks would likely bring $2,204 and $1,971 into view as additional support areas.

Ethereum must clear the $2,548 and $2,578 barriers to shift momentum in favor of buyers, while sustained ETF outflows and sluggish US demand create challenges for a robust recovery.

10h05 ▪ 4 min read ▪ by Ghiles A.

Summarize this article with:

Russia continues the integration of cryptocurrencies in its financial system, with a growing role for traditional banks. Sberbank, the largest banking institution in the country, has just obtained authorization to trade digital assets. The bank is already preparing operations on Bitcoin, Ethereum, and USDT in its application. This advance accompanies the establishment of a market regulated by the Russian authorities, who want to organize the exchange and custody of cryptocurrencies.

In brief Sberbank obtains authorization to trade cryptocurrencies in Russia. The bank tests transactions in bitcoin, ether and USDT in its application. The launch of the first products is scheduled for December 1st. Starting next July, cryptocurrency transactions will have to go through authorized intermediaries. Sberbank gets the green light to trade cryptocurrencies The Bank of Russia has registered Sberbank in the register of authorized providers to exchange cryptocurrencies, according to the Interfax agency. This decision follows the bank’s registration as a digital custodian at the beginning of the month. It can thus prepare services covering two distinct activities: trading and custody of digital assets.

The register now includes nine organizations, including VTB and T-Invest Lab. This evolution marks a change of direction compared to the project presented by the central bank in 2022. At that time, the institution planned to ban national exchange platforms and block the operations of Russian financial intermediaries on cryptocurrencies.

However, a law that came into force on September 1st now establishes a regulated framework. It provides for the participation of banks, brokers, exchange platforms, and digital custodians. In this system, authorized traders can buy and sell cryptocurrencies with their own funds, without going through an organized platform. According to the Bank of Russia, custodians are responsible for recording asset ownership and transfers.

Bitcoin, ether and USDT: the first tests in the application Thanks to these two authorizations, Sberbank will be able to combine trading services with custody services. The bank has also been working on a cryptocurrency wallet since the beginning of the year. According to Interfax, it plans to launch its first products on December 1st, directly from the interfaces its clients already use.

The institution is currently testing transactions on several digital assets in its application. The trials focus notably on Bitcoin, Ethereum, USDT, and other major tokens. However, the Bank of Russia still needs to define the final list of authorized cryptocurrencies, as indicated by Sberbank to the media Vedomosti. This decision will therefore determine the assets accessible to future users of banking services.

This openness remains subject to precise restrictions. National payments in cryptocurrencies remain prohibited in Russia. In addition, the central bank plans that from next July, transactions will have to go through authorized intermediaries. This rule would effectively exclude peer-to-peer exchanges settled by means of Russian bank accounts.

In the short term, Sberbank must finalize its services while respecting regulatory requirements. The launch announced for December 1st will mark a new stage in crypto regulation in Russia. The final list of authorized assets and the access modalities will then specify the scope of this offer. The evolution of the system will depend notably on the rules set by the central bank and their application to client operations.

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Ghiles A.

Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Crypto traders are suddenly cheering for Ethereum, even as Wall Street investors continue pulling millions from its ETFs.

Meanwhile, Bitcoin and XRP are facing growing pessimism, which analysts say could actually help their recovery.

According to Santiment, Ethereum now receives 2.05 bullish social media comments for every bearish one. Yet US Ethereum ETFs have suffered 10 consecutive trading days of withdrawals.

Why Are Bitcoin and XRP Traders So Fearful?Santiment tracks positive and negative comments across X, Reddit, and Telegram. A score above 1 means bullish comments outnumber bearish ones.

Bitcoin’s score has fallen to 0.82 after repeated failures to break $87,000 and a decline toward $81,000. Meanwhile, leveraged bullish traders lost $688.56 million in a single day.

Ethereum FOMO vs Bitcoin and XRP social sentiment chart, Source: SantimentXRP looks equally unpopular. Its sentiment score sits at 0.92 after a weekly decline exceeding 9%. The token has also struggled to break above $1.40.

The reversal happened quickly. Earlier this month, Ethereum and XRP were deeply unpopular, while Bitcoin enjoyed stronger optimism.

“Ethereum is suddenly the crowd favorite…Bitcoin is seeing the opposite setup…XRP is also deep in FUD,” Santiment analysts noted.

Ethereum’s $780 Million Warning SignWhile Ethereum dominates bullish conversations, ETF investors are withdrawing money.

According to SoSoValue, Ethereum ETFs lost another $85.4 million on October 12, bringing withdrawals since September 29 above $780 million.

Spot Ethereum ETF Flows. Source: SoSoValueBitcoin ETFs also lost $65.4 million that day. XRP ETFs recorded zero net flows, with total assets at $1.55 billion.

Santiment believes this difference in sentiment could matter for the next market recovery.

“From a contrarian perspective, BTC and XRP’s fear is healthier than ETH’s crowd excitement if prices begin recovering,” the analysts wrote.

The argument is simple. When traders become overwhelmingly bullish, much of the buying enthusiasm may already be reflected in prices. Widespread fear can leave more room for sentiment to improve.

For now, Ethereum’s popularity faces a serious test: whether actual investment demand can catch up with the excitement.

Interactive Brokers, which reports more than $903 billion in client assets, has launched Ethereum staking through Zerohash, adding rewards on crypto holdings to a platform that supports trading in 20 digital assets.

Summary

Ethereum staking is available to eligible Interactive Brokers LLC clients through the broker’s Client Portal. Zerohash provides staking services, with earned rewards credited as additional staked cryptocurrency. IBKR’s existing crypto services include wallet transfers, stablecoin funding and Coinbase Derivatives futures. The broker also offers access to Kalshi, CME Group and ForecastEx prediction markets. Interactive Brokers announced on Oct. 13 that eligible customers can stake Ethereum while managing their holdings alongside stocks, options and futures. Under the arrangement, Zerohash provides the staking service, while clients submit requests and track activity through IBKR’s platform.

For the initial rollout, the company said customers can use the Staking Dashboard within its Client Portal to request staking or unstaking and monitor pending activity. When earned, rewards are added to the staked crypto balance and can compound while the position remains staked, according to the announcement.

Ethereum staking adds rewards to existing holdings In explaining the launch, chief executive Milan Galik compared staking with IBKR’s Stock Yield Enhancement Program, which allows participating clients to receive additional income on shares they own.

Galik described staking as an opportunity to “earn rewards on the cryptocurrency they own.”

“We want clients to earn more from the assets they hold,” he said.

The announcement identifies eligible Interactive Brokers LLC clients as the initial users of the Ethereum service. For American investors using that entity, the company said staking requests and pending activity can be managed through the same Client Portal used for their brokerage relationship.

Alongside the launch, IBKR’s announcement lists 20 supported digital assets for trading, including Bitcoin, Ethereum, Solana, XRP, Chainlink, Aave and Dogecoin. The company also lists stablecoin funding and transfers to external crypto wallets among its available services.

According to the brokerage’s website, Interactive Brokers holds more than $903 billion in client assets and serves over 5 million clients worldwide. The Nasdaq-listed company is also a member of the S&P 500, giving U.S. equity investors exposure to its business through both individual shares and funds tracking the index.

Wallet transfers and stablecoins extend IBKR’s crypto access Before introducing staking, Interactive Brokers added a way for customers to move existing crypto positions onto its platform. As crypto.news reported on March 25, eligible clients could transfer supported assets from external wallets into IBKR-linked crypto accounts without selling their holdings first.

According to that report, the transfer feature covered clients of Interactive Brokers LLC and Interactive Brokers U.K. Limited, with supported holdings placed in accounts at Paxos or Zerohash. Bitcoin, Ethereum and Solana were among the assets available for transfer.

For crypto trading, the brokerage stated that commissions ranged from 0.12% to 0.18% of trade value, subject to a $1.75 minimum per order. Its published pricing also excluded added spreads and markups.

Earlier, a Jan. 16 report covered IBKR’s 24/7 stablecoin account funding. Under the service announced the previous day, Zerohash processed USDC deposits across Ethereum, Solana and Base, converted the tokens into dollars and credited the proceeds to brokerage accounts.

At that launch, the company scheduled RLUSD and PayPal USD support for the week of Jan. 19. The report stated that IBKR charged no deposit fee, while Zerohash applied a 0.30% conversion fee with a minimum charge of $1.

In a July 14 announcement, the broker introduced withdrawals through automatic conversion of dollars into USDC, PYUSD or RLUSD. Customers could then send the stablecoins to external destinations, including personal wallets, according to the company.

The July release also added nine tokens through Zerohash and three through Paxos. IBKR said availability depended on the relevant affiliate and the customer’s country of residence; bidirectional stablecoin funding was unavailable to clients of its U.K. and Ireland entities.

Zerohash has pursued a U.S. national trust bank charter The infrastructure provider behind IBKR’s staking service has separately sought federal banking authorization. An Aug. 26 report detailed Zerohash’s second trust bank application, recorded by the Office of the Comptroller of the Currency on Aug. 19.

According to the report, the proposed Zerohash National Trust Bank would be based in Asheville, North Carolina, and operate under a holding company structure if approved. The filing requested trust powers from the regulator.

The OCC’s records showed that the agency received the first application on March 2 and returned it on July 17, the report stated. For the second filing, the regulator opened a public comment period with a Sep. 17 deadline.

At the time of the August report, the public record listed the application as received. Zerohash’s existing regulatory arrangements included a North Carolina-chartered nondepository trust company, money transmitter licenses and a New York BitLicense, according to company documentation cited in the coverage.

Crypto futures and prediction markets add trading options On Feb. 10, Interactive Brokers introduced Coinbase Derivatives nano Bitcoin and nano Ether futures, with monthly expirations and perpetual-style contracts available to eligible clients.

The brokerage said the smaller contracts represented 0.01 Bitcoin and 0.10 Ether, allowing customers to size positions in smaller increments. Its announcement described perpetual-style futures as long-dated contracts designed to track crypto spot prices while reducing how frequently traders need to replace expiring contracts.

According to IBKR, the contracts trade around the clock except for scheduled exchange maintenance on Fridays between 5 p.m. and 6 p.m. Eastern time. Eligibility varies by jurisdiction.

Separately, the company launched its combined prediction-market interface on May 14, connecting Kalshi, CME Group and ForecastEx. IBKR said customers could search similar contracts across the three venues, compare prices and fees, and trade without opening or funding separate accounts at each exchange.

Within the order interface, the company said its system selects the venue offering the best available net price. The platform also provides consolidated reporting and real-time tracking of prediction-market positions alongside customers’ other holdings.

At launch, IBKR said the offering would focus on election outcomes, climate events and economic indicators, with Kalshi and CME contracts added on a rolling basis. The company’s disclosure restricts forecast contracts on U.S. election results to eligible U.S. residents.

Coinbase

Coinbase’s Ethereum Layer-2 network, Base, has introduced “Earn & Borrow,” an integration layer allowing applications to provide features such as variable-rate stablecoin yield and crypto-collateralized loans. This new system utilizes third-party protocols like Morpho and Aave. The update aims to enhance in-app access to credit and yield markets built on Base, rather than introducing a native lending protocol. Recent data indicates an average stablecoin yield of 4.45% in these markets, excluding incentives. This development could indicate a significant increase in Ethereum’s utility, potentially influencing market perceptions of its future price potential.

Key Takeaways Introduction of “Earn & Borrow” on Base suggests increased utility for Ethereum, potentially enhancing its market perception. Current market pricing for Ethereum reaching $10,000 by December 2026 remains low, with a 0.9% YES probability. The development is consistent with scenarios where Ethereum’s growing functionality supports higher future valuations. What to Watch Watch for any significant shifts in Ethereum’s price movement following the integration announcement. Observers will be keen to see if this development leads to increased adoption and use of Ethereum-based financial services. Additionally, monitoring any changes in stablecoin yields and loan demand on Base could provide further insights into the network’s impact on the Ethereum ecosystem.

Term Structure

Contract Odds Δ since publish Volume 24h December 31, 2026 0.9% — — View market → December 31, 2026 0.9% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 3.1% — — View market → December 31, 2026 5% — — View market → January 1 2027 18.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1.1% — — View market → January 1 2027 1.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4% — — View market → January 1 2027 8.5% — — View market → January 1 2027 8.6% — — View market → January 1 2027 2.6% — — View market → January 1 2027 1.6% — — View market → January 1 2027 5.5% — — View market → January 1 2027 42.5% — — View market → January 1 2027 15.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 24.5% — — View market → January 1 2027 48.5% — — View market →

Table of contents

Sberbank, Russia’s largest lender, has been added to the Bank of Russia’s register of crypto exchange operators, clearing it to buy and sell digital currencies in its own name and to quote prices directly to its own customers. The entry, dated October 12 in the central bank’s register, gives Sberbank both of the licences created under Russia’s new digital-currency framework, after it joined the digital depository register earlier in the month.

The state-controlled bank now plans to launch its first retail crypto products on December 1 through SberBank Online, SberInvestments and SberBusiness, with Bitcoin, Ethereum and Tether’s USDT expected to be the first supported assets. It builds on Sberbank’s earlier plan to run an off-chain crypto trading system in December, now backed by a formal exchange-operator licence rather than a roadmap announcement.

What the Approval Actually Changes Russia’s digital-currency law, in force since September 1, created two new licensed roles alongside the exchanges, brokers and trustees that already handled digital assets. An exchange operator may buy and sell digital currencies on its own behalf and at its own expense outside organised trading, while a digital depository records who owns what and grants clients access to the address identifiers where their assets are held.

Sberbank was among the first five digital depositories admitted on October 6. Its addition to the exchange register a week later lets it trade as well as hold, a combined position that only VTB previously held among current market participants. The bank said the status lets it organise the circulation of digital currency on interfaces clients already use, rather than steering customers to a separate service. Holding both roles also lets Sberbank bundle trading and custody for clients in one place, removing a step customers would otherwise face at separate venues.

Which Coins, What Limits and When Sberbank has said its first products will support Bitcoin, Ethereum and USDT, though the Bank of Russia will set the final list of permitted coins. Non-qualified retail investors may buy up to 300,000 rubles — roughly $3,500 — of eligible cryptocurrencies a year through each intermediary after passing a mandatory test, while qualified investors face no annual purchase cap.

Cryptocurrency still cannot be used to pay for goods and services inside Russia, though the framework does permit its use for cross-border settlements without an amount limit, a carve-out aimed at trade payments. Sberbank has cautioned that the December 1 timing depends on further central-bank regulations, leaving room for the schedule to slip as the Bank of Russia finalises its operating rules.

Russia’s Ten Registered Crypto Exchangers The exchange-operator register has grown from four names to ten in a single week. As of October 13 it lists VTB and T-Invest Lab — part of the T-Technologies group behind T-Bank — along with Zefir and Sistema-Crypto from the first batch admitted October 6; RNKO Finpilot and Professional Bank, added October 8; Moy Bitkoin and Khlynov Bank, added October 9; and Sberbank and Paradise Technology, both entered October 12.

That pace reflects a simplified, notification-based route that lets established financial institutions be admitted within a single day. What regulators called a first step on October 6 has quickly become a crowded list of licensed venues, with Sberbank by far the largest name on it.

What Happens Before December 1 Institutions already on the registers must comply with transaction and recordkeeping rules from the date of inclusion and have until September 1, 2027 to bring the rest of their operations into full compliance. Moscow Exchange has separately said it plans to enable crypto trading from December 1 and is testing operations with professional participants, pointing to a December window in which several venues go live at once.

Sberbank executives have projected that Russia’s regulated crypto trading could reach about $46 billion in its first year, a figure that explains why the country’s largest bank is moving first. For now, the next concrete signals are the Bank of Russia’s final list of permitted coins and any further product guidance before the stated December 1 target.

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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.

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Interactive Brokers (Nasdaq: IBKR) has launched cryptocurrency staking for eligible clients, letting them earn rewards on Ethereum while managing crypto alongside stocks, options, futures and other assets on its unified platform. Staking services are provided by digital-asset infrastructure firm ZeroHash, and rewards, when earned, are credited as additional staked ETH that can compound while the position remains staked, according to the company’s announcement.

At launch, eligible Interactive Brokers LLC clients can stake Ethereum through a Staking Dashboard in the broker’s Client Portal, where they can submit stake and unstake requests and monitor pending activity. Chief Executive Officer Milan Galik framed the product as the crypto equivalent of the firm’s existing Stock Yield Enhancement Program, which lets clients earn extra income on shares they hold.

“Similar to how our Stock Yield Enhancement Program allows clients to earn additional income on shares they own, staking gives clients an opportunity to earn rewards on the cryptocurrency they own,” Galik said. “We want clients to earn more from the assets they hold.”

Ethereum First, With Availability Varying by Jurisdiction The initial rollout is limited to Ethereum. Interactive Brokers said product availability varies by affiliate and country of residence, so eligibility depends on the entity holding the account and where the client lives. The announcement did not specify when staking might extend to other proof-of-stake assets.

The launch adds staking to a crypto service that already offers trading in 20 digital assets: Aave, Aptos, Avalanche, Bitcoin, Bitcoin Cash, Canton, Cardano, Chainlink, Dogecoin, Ethereum, Lido DAO, Litecoin, Monad, NEAR Protocol, Pax Gold, Plasma, Ripple, Solana, Sui and Uniswap.

Brokers Keep Expanding Into Crypto Yield The move extends a multi-year build-out of Interactive Brokers’ crypto services, which already include stablecoin funding through USDC, RLUSD and PYUSD and transfers to external wallets. Institutional staking has also been spreading through 2026, with Lido and Stakely launching public and institutional ETH staking vaults in September.

What Remains Unclear Interactive Brokers did not disclose the staking reward rate, any fee ZeroHash takes from gross rewards, or a timeline for expanding beyond Ethereum. Rewards are not guaranteed, since staking returns depend on network activity, and terms vary by client location. For now, the launch matters mainly as another signal that mainstream brokerages see on-platform crypto yield as a way to keep client assets from migrating to dedicated exchanges.

AUTHOR

Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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1 hours ago

According to EmberCN’s monitoring, over the past 24 hours, a whale or institutional entity that has been consistently selling BTC and buying ETH recently sold an additional 236.6 BTC, converting the proceeds into 19.71 million USDC to purchase 7,845 ETH. Over the past three days, this address has sold a total of 1,074.3 BTC, converting it to 89.39 million USDC, then used the funds to acquire 35,346 ETH at an average purchase price of roughly $2,529.

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