Track market-moving stories before they get noisy

Kripto para piyasasında güvenlik endişelerini artıran yeni bir hack iddiası gündeme geldi. Dünyanın önde gelen donanım cüzdanı üreticilerinden Ledger, bazı kullanıcıların kripto varlıklarının çalındığına yönelik iddiaların ardından soruşturma başlattı. Zincir üstü araştırmalara göre toplam kaybın 86 milyon doları aşmış olabileceği belirtilirken, Binance kurucusu Changpeng Zhao (CZ) da yatırımcıları dikkatli olmaları konusunda uyardı.

86 Milyon Dolarlık Kripto Para Çalındı mı? Güneydoğu Asya’daki bazı Ledger kullanıcılarının kripto para varlıklarını kaybettiğine yönelik iddialar, sektörde büyük yankı uyandırdı. Zincir üstü araştırmacı Specter, Ethereum, TRON ve Bitcoin ağlarında yüzlerce cüzdandan şüpheli adreslere gerçekleştirilen transferleri takip ettiğini açıkladı. Specter’ın tahminlerine göre olayla bağlantılı toplam kayıp 86 milyon doların üzerine çıkmış olabilir. Ancak saldırıların hangi yöntemle gerçekleştirildiği henüz kesinleşmedi. Ledger cihazlarının temel güvenlik altyapısının doğrudan ele geçirildiğine ilişkin doğrulanmış bir kanıt bulunmadığı belirtiliyor.

İlginizi Çekebilir: Bitcoin’in Kaderi Bu Seviyeye Bağlı!

Ledger, güvenlik iddialarının CryptoBilis adlı satıcı üzerinden satın alınan cihazlarla bağlantılı olabileceğini değerlendiriyor. Şirket, soruşturma tamamlanana kadar ilgili satıcının satış ve sevkiyat faaliyetlerini durdurmasını istedi. Ayrıca son 90 gün içerisinde CryptoBilis üzerinden Ledger cihazı satın alan kullanıcıların cihazlarını henüz kurmamaları gerektiği bildirildi. Cihazlarını daha önce kullanmaya başlayan kişilere ise yeni bir kurtarma ifadesi oluşturarak varlıklarını güvenilir yeni bir Ledger cihazına taşımaları tavsiye edildi. Bu uyarılar, donanım cüzdanlarının güvenliğinin yalnızca yazılımsal korumaya değil, cihazların güvenilir kaynaklardan temin edilmesine de bağlı olduğunu yeniden gündeme taşıdı.

Binance Kurucusu CZ’den Ledger Açıklaması Binance’in kurucusu Changpeng Zhao (CZ), olayla ilgili ilk bulguların olası bir tedarik zinciri saldırısına işaret ettiğini belirtti. Zhao’ya göre bazı kullanıcılar, orijinal cihazlar yerine üzerinde değişiklik yapılmış veya sahte Ledger ürünleri satın almış olabilir.

CZ, Ledger’ın kripto para sektörünün en köklü donanım cüzdanı üreticilerinden biri olduğunu vurgularken, olayın şirketin tüm cihazlarının güvenliğinin ihlal edildiği anlamına gelmediğine dikkat çekti.

Zhao ayrıca BNB ekosistemindeki katılımcıların ve sektörün diğer aktörlerinin çalınan kripto varlıkların izlenmesi ve geri alınması konusunda destek sağlayabileceğini ifade etti.

Kripto Para Yatırımcılarını Nasıl Etkileyebilir? Ledger hakkındaki güvenlik iddiaları, kripto para yatırımcılarının donanım cüzdanı kullanırken dikkat etmesi gereken riskleri yeniden gündeme getirdi. Özellikle üçüncü taraf satıcılardan temin edilen cihazların güvenilirliği ve kurtarma ifadelerinin korunması kritik önem taşıyor. Genel değerlendirmede 86 milyon dolarlık kayıp iddiasının henüz kesinleşmemiş olması ve saldırı yönteminin tam olarak belirlenememesi, soruşturmanın sonuçlarını önemli hale getiriyor. Ledger’ın yapacağı yeni açıklamalar, olayın kapsamının netleşmesi ve etkilenen kullanıcıların belirlenmesi açısından yakından takip edilecek.

Son Dakika kripto para haberleri için hemen tıkla.

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ASML to Uniformly Hike Prices of Lithography Machine Components for Samsung and SK Hynix by 10%, As AI Production Expansion Boom Drives Up Equipment Costs.

According to South Korean media reports, ASML has notified Samsung Electronics and SK Hynix that it will implement a uniform 10% price increase on EUV and DUV lithography machine components for the South Korean market. The adjustment covers regularly replaced consumable parts and core components required for fault repairs, including optical systems, light sources, and precision drive units. After consultations between the procurement departments of both sides, the two memory chip giants have accepted the price hike plan, with the adjustment set to take effect in January next year. This uniform across-the-board price increase is relatively rare; ASML previously typically adjusted prices only individually for components facing rising raw material costs or tight supply of specific materials. Meanwhile, the company is in negotiations with key clients over price hikes for new equipment. According to earlier reports, equipment manufacturers including Applied Materials and Tokyo Electron have also raised product prices, and the price hike trend in the semiconductor equipment sector is spreading. AI data center investment is driving memory chip and foundry players to expand production capacity, leading to a concentrated surge in demand for equipment and components. With suppliers taking time to ramp up production, coupled with inflation and raw material cost pressures, bargaining power in the equipment supply chain is shifting toward suppliers. The report noted that TSMC had previously opposed ASML’s equipment price hikes, indicating that different clients still have varying levels of acceptance of rising costs.

25 minutes ago

Apple places a 30% additional order for iPhone Duo, while the total volume of the iPhone 18 Pro series remains unchanged.

According to sources from Apple's supply chain, the tech giant is making structural adjustments to its 2026 fall new iPhone orders: it has placed an additional 30% order for the iPhone Duo, though the total volume still remains below 10 million units; it has cut orders for the iPhone 18 Pro by 10% to 15%, while increasing orders for the iPhone 18 Pro Max by 10% to 15%, leaving the total order volume for the entire iPhone 18 Pro series unchanged. An Apple supply chain source said, "This means sales are shifting toward higher-value products, which is overall positive for the performance of Apple's supply chain companies."

25 minutes ago

A crypto whale adds to HYPE buy orders, with planned buy-the-dip positions totaling $10.8 million.

According to TradingBeats monitoring, a crypto whale has added 7 new limit buy orders for HYPE at prices ranging from $64.099 to $77.93, totaling roughly $2.52 million. Combined with orders placed on October 8 that are still active, the account holds a total of 30 buy orders spanning $61.26 to $81.94, with a combined value of approximately $10.828 million. The account currently has no open positions. HYPE is trading at around $84.22 at press time, and its highest buy order price of $81.94 is roughly 2.7% lower than the current spot price; order amounts are distributed across the entire price range.

25 minutes ago

Claude Code Projects has fully lifted its waitlist, enabling Pro and Max users who were on the waitlist to now use the service.

Beating AI Express (Insight) – Anthropic announced that all waitlisted Pro and Max tier users who applied for Claude Code Projects have now been granted testing access. The feature launched in September, initially available only to a small subset of users. While its scope has expanded, it remains in Beta testing and is not yet fully open to all paid subscribers. Claude Code Projects functions as a project management agent: users only need to submit requests, and it automatically splits tasks and assigns them to multiple concurrent Claude Code sessions. Each session independently writes code, runs tests, submits pull requests (PRs), and reports back to the manager, eliminating the need for users to assign tasks or track progress manually. These sessions share project data and memory, run on the cloud by default, and can continue operating even when the user’s computer is powered off. For tasks requiring local files or software, users can also designate execution on their own device.

25 minutes ago

2 New Wallets Withdraw 280.75M $龙虾 ($12.21M) From Exchanges in 3 Days

2 newly created wallets (0x4d28 and 0x5a42) withdrew 280.75M $龙虾 ($12.21M) from exchanges over the past 3 days, 28.08% of the total supply.

25 minutes ago

Supermicro contractor pleads guilty; $2.5 billion server order tied to smuggling case.

Beating AI Express News: Ting-Wei Sun, a former contractor of Supermicro, has pleaded guilty in a New York federal court in the U.S. He was involved in illegally diverting servers equipped with NVIDIA high-end AI chips to China, admitting to four charges: conspiracy to violate export controls, conspiracy to smuggle, conspiracy to defraud the U.S. government, and obstruction of justice. Previously, U.S. prosecutors indicted three people total. Besides Sun, the defendants include Supermicro co-founder Yih-Shyan Liaw and Ruei-Tsang Chang, general manager of the company’s Taiwan office. The U.S. Department of Justice (DOJ) disclosed earlier that between 2024 and 2025, a Southeast Asian middleman purchased approximately $2.5 billion worth of equipment from the involved U.S. server manufacturer. Prosecutors allege that at least $510 million worth of these servers were illegally diverted to China in just a few weeks in 2025. The involved servers were typically first shipped via Taiwan to Southeast Asia, then repackaged and sent to China. To evade inspections, the suspects placed thousands of non-functional dummy servers in warehouses and used hair dryers to remove labels and serial numbers. Prosecutors said Sun participated in arranging the dummy servers and made false statements during inspections by the U.S. Department of Commerce. Supermicro was not named as a defendant in the case and has cut ties with the three involved individuals. An independent investigation released by the company in August found no evidence that current executives were aware of the smuggling scheme.

25 minutes ago

ASML to Uniformly Hike Prices of Lithography Machine Components for Samsung and SK Hynix by 10%, As AI Production Expansion Boom Drives Up Equipment Costs.

According to South Korean media reports, ASML has notified Samsung Electronics and SK Hynix that it will implement a uniform 10% price increase on EUV and DUV lithography machine components for the South Korean market. The adjustment covers regularly replaced consumable parts and core components required for fault repairs, including optical systems, light sources, and precision drive units. After consultations between the procurement departments of both sides, the two memory chip giants have accepted the price hike plan, with the adjustment set to take effect in January next year. This uniform across-the-board price increase is relatively rare; ASML previously typically adjusted prices only individually for components facing rising raw material costs or tight supply of specific materials. Meanwhile, the company is in negotiations with key clients over price hikes for new equipment. According to earlier reports, equipment manufacturers including Applied Materials and Tokyo Electron have also raised product prices, and the price hike trend in the semiconductor equipment sector is spreading. AI data center investment is driving memory chip and foundry players to expand production capacity, leading to a concentrated surge in demand for equipment and components. With suppliers taking time to ramp up production, coupled with inflation and raw material cost pressures, bargaining power in the equipment supply chain is shifting toward suppliers. The report noted that TSMC had previously opposed ASML’s equipment price hikes, indicating that different clients still have varying levels of acceptance of rising costs.

25 minutes ago

Apple places a 30% additional order for iPhone Duo, while the total volume of the iPhone 18 Pro series remains unchanged.

According to sources from Apple's supply chain, the tech giant is making structural adjustments to its 2026 fall new iPhone orders: it has placed an additional 30% order for the iPhone Duo, though the total volume still remains below 10 million units; it has cut orders for the iPhone 18 Pro by 10% to 15%, while increasing orders for the iPhone 18 Pro Max by 10% to 15%, leaving the total order volume for the entire iPhone 18 Pro series unchanged. An Apple supply chain source said, "This means sales are shifting toward higher-value products, which is overall positive for the performance of Apple's supply chain companies."

25 minutes ago

A crypto whale adds to HYPE buy orders, with planned buy-the-dip positions totaling $10.8 million.

According to TradingBeats monitoring, a crypto whale has added 7 new limit buy orders for HYPE at prices ranging from $64.099 to $77.93, totaling roughly $2.52 million. Combined with orders placed on October 8 that are still active, the account holds a total of 30 buy orders spanning $61.26 to $81.94, with a combined value of approximately $10.828 million. The account currently has no open positions. HYPE is trading at around $84.22 at press time, and its highest buy order price of $81.94 is roughly 2.7% lower than the current spot price; order amounts are distributed across the entire price range.

25 minutes ago

Claude Code Projects has fully lifted its waitlist, enabling Pro and Max users who were on the waitlist to now use the service.

Beating AI Express (Insight) – Anthropic announced that all waitlisted Pro and Max tier users who applied for Claude Code Projects have now been granted testing access. The feature launched in September, initially available only to a small subset of users. While its scope has expanded, it remains in Beta testing and is not yet fully open to all paid subscribers. Claude Code Projects functions as a project management agent: users only need to submit requests, and it automatically splits tasks and assigns them to multiple concurrent Claude Code sessions. Each session independently writes code, runs tests, submits pull requests (PRs), and reports back to the manager, eliminating the need for users to assign tasks or track progress manually. These sessions share project data and memory, run on the cloud by default, and can continue operating even when the user’s computer is powered off. For tasks requiring local files or software, users can also designate execution on their own device.

25 minutes ago

2 New Wallets Withdraw 280.75M $龙虾 ($12.21M) From Exchanges in 3 Days

2 newly created wallets (0x4d28 and 0x5a42) withdrew 280.75M $龙虾 ($12.21M) from exchanges over the past 3 days, 28.08% of the total supply.

25 minutes ago

Supermicro contractor pleads guilty; $2.5 billion server order tied to smuggling case.

Beating AI Express News: Ting-Wei Sun, a former contractor of Supermicro, has pleaded guilty in a New York federal court in the U.S. He was involved in illegally diverting servers equipped with NVIDIA high-end AI chips to China, admitting to four charges: conspiracy to violate export controls, conspiracy to smuggle, conspiracy to defraud the U.S. government, and obstruction of justice. Previously, U.S. prosecutors indicted three people total. Besides Sun, the defendants include Supermicro co-founder Yih-Shyan Liaw and Ruei-Tsang Chang, general manager of the company’s Taiwan office. The U.S. Department of Justice (DOJ) disclosed earlier that between 2024 and 2025, a Southeast Asian middleman purchased approximately $2.5 billion worth of equipment from the involved U.S. server manufacturer. Prosecutors allege that at least $510 million worth of these servers were illegally diverted to China in just a few weeks in 2025. The involved servers were typically first shipped via Taiwan to Southeast Asia, then repackaged and sent to China. To evade inspections, the suspects placed thousands of non-functional dummy servers in warehouses and used hair dryers to remove labels and serial numbers. Prosecutors said Sun participated in arranging the dummy servers and made false statements during inspections by the U.S. Department of Commerce. Supermicro was not named as a defendant in the case and has cut ties with the three involved individuals. An independent investigation released by the company in August found no evidence that current executives were aware of the smuggling scheme.

25 minutes ago

Ethereum price has recovered to around $2,493 after a sharp fall toward $2,400, but its daily Supertrend has turned bearish, and the 4-hour chart still shows negative money flow.

Summary

Ethereum price trades near $2,493 after recovering from its sharp decline toward $2,400. Daily Supertrend resistance stands at $2,764, above Ethereum’s current price. The 4-hour Bollinger midpoint at $2,569 marks the next recovery hurdle. U.S. spot Ethereum ETFs recorded $486.1 million in outflows across four trading sessions. Ethereum price struggles to recover $2,500 TradingView’s Binance ETH/USDT daily chart showed Ethereum at $2,492.98 on Oct. 9, up 0.73% for the session. The day’s price range extended from $2,471.05 to $2,520.54, leaving ETH below $2,500 despite an earlier move above that level.

The daily chart shows a sharp reversal from the trading range established near $2,650–$2,750 in late September and early October. Ethereum’s latest bounce has recovered only part of that decline, with the price still below the area where it traded before selling accelerated.

On the 4-hour TradingView chart, ETH stood at $2,493.31 after falling 0.53% during the displayed period. Its recovery from the recent low had stalled near $2,500, while the latest candles remained below the chart’s falling moving average.

Analyst Ella identified $2,500 as the first level buyers need to reclaim in an Oct. 9 post. She described Ethereum’s move from approximately $2,700 to a wick near $2,400 as a decline of close to 11%, with selling accelerating toward the end.

Ella said a recovery above $2,500 could ease some of the panic, while failure to regain that level would leave the bounce vulnerable. Her assessment places the immediate focus on whether Ethereum can hold above the round-number threshold after briefly trading through it.

Daily Supertrend turns bearish above ETH The daily TradingView chart displayed a red Supertrend reading at $2,764.28 following Ethereum’s latest sell-off. The indicator had previously tracked below the price during the advance from August into September.

Ethereum price daily chart — Oct. 9 | Source: TradingView Its shift above ETH places the daily trend signal on the bearish side. At approximately $2,493, Ethereum traded nearly 10% below the Supertrend level, leaving a substantial gap between the rebound and a potential reversal of that signal.

The earlier green Supertrend line ended around $2,477.52, close to the current price. Ethereum’s sharp downward wick passed below that area before the rebound, while the newly displayed red line established a higher resistance threshold.

TradingView’s daily Average Directional Index stood at 35.48. The reading remained above 25, a commonly used threshold for an established trend, although the line had declined from its September highs.

ADX measures trend strength rather than direction. In Ethereum’s current setup, the bearish direction comes from the Supertrend change and the price breakdown, while the falling ADX shows that measured trend strength has eased from earlier readings.

The daily chart also places the former $2,650–$2,750 trading range above the market. A recovery into that area would retrace more of the recent fall, but ETH would still need to clear the Supertrend resistance near $2,764 to reverse the indicator’s bearish setting.

The 4-hour chart puts $2,569 ahead of a stronger recovery Ethereum’s 4-hour Bollinger Bands showed a midpoint of $2,568.56, an upper band of $2,731.37 and a lower band of $2,405.75. ETH traded in the lower half of that range after bouncing from near the lower boundary.

Ethereum price 4-hour chart — Oct. 9 | Source: TradingView The midpoint stood roughly 3% above the displayed price. A move above $2,500 would therefore clear the nearest round-number hurdle while leaving the 20-period moving average around $2,569 as the next technical test.

The bands had widened during the sell-off, with the upper boundary rising and the lower boundary falling. On the chart, that expansion accompanied the break from Ethereum’s earlier consolidation around $2,700.

The 4-hour Chaikin Money Flow reading was negative at -0.10. The indicator’s position below zero points to selling pressure across its measurement period, even after Ethereum recovered from the low.

Together, the price below the Bollinger midpoint and negative CMF leave the short-term recovery without a clear bullish confirmation. A sustained move above $2,569 alongside CMF returning above zero would strengthen the recovery case on that timeframe.

On the downside, the lower Bollinger Band near $2,406 overlaps with the recent price trough around $2,400. A break below that zone would take Ethereum beneath both the latest low area and the displayed band boundary.

ETF withdrawals continue as liquidation clusters sit overhead Farside Investors recorded $201.9 million in U.S. spot Ethereum ETF outflows on Oct. 6 and another $160.9 million on Oct. 7. Combined withdrawals reached $362.8 million across those two sessions.

The same dataset showed $72.5 million in further outflows on Oct. 8. Including the $50.8 million withdrawn on Oct. 5, net redemptions totaled $486.1 million across four trading sessions, extending the funds’ outflow streak to eight sessions.

CoinGlass’s one-week Ethereum liquidation heatmap showed its brightest remaining overhead concentration around $2,635–$2,640. Additional bands appeared near $2,610 and across approximately $2,740–$2,760, above the current market price.

Ethereum liquidation heatmap | Source: CoinGlass Below ETH, the heatmap displayed smaller concentrations around $2,450–$2,460 and $2,400, with further bands near $2,380. Those levels sit beneath the rebound and around the area reached during the sharpest part of the decline.

A separate weekly assessment from the analyst publishing as Wealthmanager offered a longer-term bullish scenario. The analyst described an inverse head-and-shoulders setup, a reclaimed neckline and improving RSI, with a successful retest potentially opening a move toward $3,200–$4,000.

$ETH is showing signs of a major trend reversal.

The inverse head and shoulders structure is taking shape, with the neckline reclaimed and RSI showing strength.

A successful retest could open the way toward $3.2K–$4K.

The weekly structure is worth watching closely. pic.twitter.com/MpCeaS4PSf

— Wealthmanager (@Wealthmanager) October 9, 2026 That forecast remains conditional on the weekly retest holding. On the shorter TradingView timeframes, Ethereum still faces $2,500 and $2,569 before the former trading range and daily Supertrend resistance near $2,764.

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

In brief Starknet is "actively considering" becoming an independent layer-1 blockchain, with 2027 as the target to become the first fully quantum-resistant network. StarkWare CEO Eli Ben-Sasson said an L1 would let Starknet control its own security upgrades instead of waiting for Ethereum, whose roadmap targets core post-quantum infrastructure around 2029. The STRK token traded near $0.073 on Friday, up about 20% in 24 hours and more than double its roughly $0.03 price in April. Starknet, the Ethereum scaling network built by StarkWare, said it is weighing a move to become its own blockchain.

"We are actively considering becoming an L1," the project wrote on X. "This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target."

Myriad: Where does Ethereum go next? Click to make your prediction.The STRK token traded around $0.073 on Friday, up about 20% in 24 hours. That is more than double the roughly $0.03 it fetched in April, when StarkWare cut staff to chase revenue.

An L1, or layer 1, is a base blockchain such as Bitcoin or Ethereum that validates and secures its own transactions. Starknet is a layer 2, a network that sits on top of Ethereum, bundles transactions into batches and leans on the base chain for security.

Starknet's pitch centers on quantum computers, machines that could one day crack the elliptic-curve cryptography (the math behind the digital signatures that prove you own your coins) used by Bitcoin and Ethereum. Starknet's own proofs rely on hash functions, which scramble data into fixed fingerprints and are considered quantum-resistant, though some elliptic-curve pieces remain that it said it would replace in a roadmap published June 30.

Starknet price data. Image: TradingviewStarkWare CEO Eli Ben-Sasson floated the idea in a thread on X, saying the quantum threat "may be much closer than we think" and that AI's pace in mathematics adds a second risk that calls for "bunker mode"—a phrase recently popularized by Ethereum researcher Justin Drake in his own call to action earlier this week.

Starknet becoming an L1 for post-quantum agility: good idea or bad idea?

Two giant elements we need to pay attention to:
(1) The quantum threat.
It may be MUCH closer than we think.

(2) AI.
It's becoming more powerful than we can process.
Is anyone willing to bet how much time… pic.twitter.com/bLsxzwX2mQ

— Eli Ben-Sasson | Starknet.io (@EliBenSasson) October 8, 2026

Ben-Sasson wrote that Starknet, as an L2, relies on the security of Ethereum, which means it can only be as quantum-safe as its base layer. He said the network needs Ethereum to move "real fast," and that becoming an L1 is among the options if it does not.

Ethereum's own roadmap targets core post-quantum infrastructure by around 2029, per ethereum.org, after the Ethereum Foundation formed a dedicated post-quantum team in January. Drake said at the time that "timelines are accelerating." Bitcoin has made no such commitment, according to Ben-Sasson.

Becoming an L1 would give Starknet control over its own security upgrades, so it would not have to wait for Ethereum or Bitcoin to move first, Ben-Sasson wrote. It would also mean Starknet secures itself instead of borrowing Ethereum's protection, the arrangement that defines a layer 2. The statement does not say how existing apps and users would move over.

On the other hand, it would also mean Starknet is responsible for its safety and development, which could be a hurdle considering Ethereum as a project is the second largest and most active in the crypto ecosystem after Bitcoin.

No quantum computer can break these systems today, and experts disagree on when one might. Strategy co-founder Michael Saylor told Bloomberg last year that he does not worry about it, arguing that banks and tech giants would be hit first.

Ben-Sasson said Starknet could reach quantum resistance by 2027, two years before the end-of-2029 date he cited for Ethereum.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

19h05 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

An Ethereum whale suffered the liquidation of 28716 ETH, valued at 69.69 million dollars, during the market crash on October 9. This amount represents the value of the closed position, while its realized loss would be close to 4.48 million dollars.

In brief An Ethereum whale sees 28716 ETH, worth 69.69 million dollars, liquidated after the price dropped to 2420 dollars. The trader records an estimated realized loss of 4.48 million dollars. Thirty minutes after its liquidation, the whale injects 10 million USDC and opens a new position on 9580 ETH. A drop of ether below 2300 dollars could lead to further forced closures. Crypto liquidations reach 1.19 billion dollars in 24 hours, including 356 million on Ethereum. The Ethereum whale loses part of its position The trader used three addresses on Hyperliquid to maintain significant leveraged positions. Spotted on October 7, they then controlled about 352 million dollars of long bets on bitcoin and ether.

The total included 1140 BTC and 98090 ETH. The positions had been opened about two weeks earlier, at average prices near 82205 dollars for bitcoin and 2604 dollars for ether. They still showed an unrealized gain of 2.66 million dollars before the acceleration of the drop.

The key figures allow to distinguish exposure and real loss :

Hyperliquid liquidated 28716 ETH, valued at 69.69 million dollars ; The realized loss on this portion would reach about 4.48 million dollars ; The trader added 10 million USDC thirty minutes later ; He opened a new long bet on 9580 ETH ; This new position represented about 23.26 million dollars ; His remaining positions reached 78955 ETH after the operation. On-chain tracking Lookonchain states that the whale “continues to bet on ETH upside”. This observation describes its visible positioning, but does not reveal its identity nor any possible hedges held on other platforms.

A new position opened thirty minutes later The price of ether dropped to about 2420 dollars overnight. This fall reached the liquidation thresholds of two portions of the position, located around 2446 and 2424 dollars.

Thirty minutes after these forced closures, the trader transferred 10 million USDC as new margin. He then bought 9580 ETH futures around 2428 dollars, just a few dollars above the level that had just triggered his liquidation.

His total exposure remained close to 288 million dollars after this new commitment. It included about 195 million dollars in long ether positions and over 93 million dollars on bitcoin.

The two main addresses held respectively nearly 39964 ETH at an average entry price of 2647 dollars and 38991 ETH around 2531 dollars. They showed a combined unrealized loss of several million dollars at the time of the snapshot.

This new risk-taking does not prove that the trader correctly anticipates a rebound. It may also be part of a broader strategy, impossible to reconstruct solely from the visible positions on Hyperliquid.

Further liquidations possible below 2300 dollars The next liquidation thresholds are around 2299 and 2286 dollars. With ether close to 2486 dollars, they are about 8% below the current price.

A decline to these levels could lead to new forced closures. Their scale will depend on margin additions, voluntary reductions, and loss evolution. The thresholds shown on Hyperliquid may therefore change before the market reaches them.

The two positions are also distributed across several addresses. Crossing a first threshold would not necessarily mean immediate liquidation of all 78955 ETH.

The public nature of the platform facilitates tracking these bets. However, it also encourages overinterpretations: a major address is not always an isolated investor. It may belong to a fund, a market maker, or an entity that offsets its risk elsewhere.

Ether dominates the wave of liquidations This whale was hit during a widespread purge of derivatives markets. About 1.19 billion dollars of crypto positions were liquidated over 24 hours, including more than one billion in long bets.

Ether accounted for nearly 356 million dollars in liquidations, ahead of the 298 million recorded on bitcoin. This imbalance remains notable since Ethereum’s market cap is less than one fifth that of bitcoin.

Relative to their market cap, liquidations on ether were about six times more significant. Traders had accumulated leverage while the market moved within a tight range. Breaking the supports then triggered successive automatic sell-offs.

The bet of this whale therefore illustrates less a conviction to follow than a risk inherent to leverage. Even a rebound of ether can improve its margin, but an additional 8% drop would put its positions back under pressure.

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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.

Starknet’s native token, STRK, surged 18.1% in 24 hours, surpassing the $0.06 level. This price movement followed a noteworthy statement by StarkWare CEO Eli Ben-Sasson regarding the future of Starknet.

Ben-Sasson discussed the risks that quantum computers and artificial intelligence could pose to the security structure of blockchain networks. He stated that one of the options being considered to allow Starknet to implement security updates more independently is to separate from the Layer-2 structure running on Ethereum and become an independent Layer-1 network.

However, this announcement does not signify a finalized network transition or a management decision. The Starknet team is currently only evaluating various technical options. The timeline for a potential change and the role of the STRK token in the new structure have not yet been announced.

Starknet recently rolled out the v0.14.4 update to the mainnet. The update increased the capacity to process approximately 1.1 billion Layer-2 gases within a single proof of force. While the possibility of an independent network seems to be influencing the rise in STRK, the key factor determining whether this price movement is sustainable will be whether the plan translates into a concrete technical proposition.

The graph shows the increase in the STRK price. *This is not investment advice.

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Stablecoin supply across Ethereum, Arbitrum One and Base rose by a combined $403.1 million over the past week. Ethereum accounted for the largest piece, at approximately $243 million.

The data comes from DefiLlama and covers a week in October 2026. No headline event appears to have triggered the move.

Where the new dollars landed Ethereum’s stablecoin supply now sits at around $146.5 billion, according to DefiLlama figures. That makes the network the single largest home for dollar-pegged tokens tracked on-chain.

Ethereum holds about 47-48% of the total on-chain stablecoin supply across the major networks DefiLlama tracks.

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The more interesting percentages came from the Layer-2 networks. Arbitrum’s stablecoin supply rose 2.08% over seven days. Base posted a 0.86% increase over the same stretch.

For readers newer to the term, Layer-2 networks are separate chains built on top of Ethereum. They process transactions more cheaply and then settle back to the main network. Arbitrum One and Base are two of the most widely used.

The tokens doing the heavy lifting Two names dominate the supply on these chains: USDT, issued by Tether, and USDC, issued by Circle. Both are designed to hold a steady value of one US dollar.

USDT controls approximately 50% of Ethereum’s stablecoin supply on its own.

Stablecoins are the plumbing of on-chain finance. Traders park funds in them between positions. Lending protocols use them as the main asset borrowers want. Decentralized exchanges rely on them as the base currency for most trading pairs.

The bigger stablecoin picture Zoomed out, the total stablecoin market cap has held in a range between $300 billion and $306 billion. The weekly growth on Ethereum and its Layer-2s fits within that broader stable pattern rather than breaking from it.

What this means for traders and DeFi users Concentration risk is one thing to keep in mind. With USDT holding roughly half of Ethereum’s stablecoin supply, the network’s dollar liquidity leans heavily on one issuer. Anything that affects Tether’s operations would ripple through a large share of on-chain activity.

A single week of data is a snapshot, not a trend line. The overall stablecoin market cap staying in a tight range suggests the industry is consolidating rather than surging, and the absence of a specific news driver means this growth could just as easily slow down without warning.

The metrics to track from here are straightforward. Watch whether Ethereum’s share of on-chain stablecoin supply holds in the 47-48% range. Watch whether Arbitrum and Base keep growing faster than the main chain in percentage terms. And watch whether the total stablecoin market cap finally breaks out of its $300 billion to $306 billion range, in either direction.

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

Bitcoin (BTC) and Ethereum (ETH) slid with the rest of the digital asset market this week as risk appetite cooled across major tokens. The decline was not confined to ether. Solana (SOL), Binance Coin (BNB), and Cardano (ADA) all gave back ground in a broad correction that hit larger altcoins harder than bitcoin, a familiar pattern when leveraged positions are forced out and traders rotate toward the most liquid names.

Market summaries from October 8 and 9 described a session in which bitcoin itself was under pressure, with several trackers placing it well below recent highs of around $87,000, while ether posted a steeper daily loss and traded near or under widely watched support of $2,500.

Solana and Cardano were among the names that lost technical footing after failed attempts to hold recent ranges, and BNB moved lower with the rest of the large-cap complex.

Total crypto capitalization shed a sizable amount in a short window, and derivatives desks reported heavy liquidations skewed toward long positions. Spot products tied to ether also saw outflows, adding to the selling rather than cushioning it.

The move sits inside a wider financial backdrop shaped by the unresolved conflict involving Iran.

Reports on October 8 that Washington had asked the Pentagon to prepare strike options that could be used before the November midterms pushed oil higher and weighed on equities.

Brent crude briefly traded above $105 a barrel before settling near $104, while the S&P 500 and Nasdaq finished the day lower.

Bond yields have already been elevated for months as markets price the inflationary risk of disrupted Gulf supply, particularly through the Strait of Hormuz.

Stocks have not collapsed—the AI-heavy indexes have often limited the damage—but the latest headlines showed how quickly energy shocks still transmit into equities, rates, and sentiment.

That combination leaves global investors without a clean script for the months ahead.

The conflict has already run long enough to reshape energy prices and regional markets, and fresh talk of escalation suggests a workable settlement is not close.

Heading into 2027, global traders are now weighing whether higher oil and tighter financial conditions will eventually slow growth, or whether markets will continue to look through the war so long as corporate profits hold up.

Crypto, which has traded as a high-beta risk asset through much of the episode, is exposed to both the liquidity impulse from rates and the broader mood in equities.

Running in the opposite direction is the scale of artificial-intelligence spending.

The 2026 State of AI Report, published October 8 by Air Street Capital, put the combined annualized revenue run rates of OpenAI and Anthropic at about $105 billion by late summer, up from roughly $30 billion at the start of the year.

Nvidia remains the central supplier of the chips and systems that fund that build-out, and hyperscaler capital expenditure plans for the year run into the hundreds of billions of dollars.

Cheaper inference has widened adoption even as total spending has surged, giving the digital economy a growth engine that has helped offset geopolitical drag in equity indexes.

The near-term picture is therefore split.

Digital assets are digesting a correction led by ether and the major altcoins, traditional markets are still pricing an Iran conflict with no clear exit, and AI infrastructure continues to absorb capital at a pace that few other sectors match. How those forces net out into 2027 is the question portfolios are being built around.

Ledger has asked a Southeast Asian reseller to halt sales of its hardware wallets while it investigates reports that buyers lost funds. The move came about an hour after on-chain investigators put suspected Ledger losses above $86 million.

Ledger has not confirmed that figure or said whether any devices were tampered with. Its warning covers only recent buyers from one reseller in Southeast Asia.

What Ledger Told Buyers of CryptoBilis DevicesA hardware wallet is a small device that keeps the secret keys to a person’s crypto offline. Ledger is one of the best-known makers.

On Friday, Ledger Support named the seller as CryptoBilis. The Malaysian shop, founded in 2020, sells crypto merchandise and Ledger devices. It also operates in Indonesia and the Philippines.

Ledger told anyone who bought from the shop in the past 90 days not to set the device up. Buyers who already had were told to move funds to a new device with a new seed phrase. A seed phrase is the 24-word backup that controls a wallet.

“As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices,” Ledger Support stated.

Where the $86 Million Claim Comes FromThe loss figure comes from Specter, an on-chain investigator who tracks public blockchain data. Specter said they traced funds from hundreds of victim wallets on Ethereum, TRON, and Bitcoin.

There have been a reports on X and Reddit of wallet-draining by Ledger users.

I traced the theft addresses and identified inflows from more hundreds of victim wallets across several major blockchains, including Ethereum, TRON, and Bitcoin.

Total losses $86M+… pic.twitter.com/c5dhQeAZ0l

— Specter (@SpecterAnalyst) October 9, 2026 Public records on mempool show three Bitcoin addresses Specter listed hold about 211 BTC combined. None of it had moved as of 13:44 UTC on Friday.

Ledger has not endorsed the $86 million total. It also has not explained how funds left users’ wallets.

A Second Hardware Wallet Scare Since AugustTampered devices sold outside official stores are a known risk. In April, a researcher found fake Ledger units on a Chinese marketplace that sent PINs and seed phrases to attackers.

Separately, in August, a Coldcard firmware bug drain cost Bitcoin holders about $70 million. Coldcard is a rival hardware wallet.

Ledger said it will share updates as the investigation progresses. Whether the CryptoBilis devices were altered before reaching buyers remains unanswered.

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Crypto Price Analysis Oct-09: ETH, XRP, ADA, BNB, and HYPE

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The Stellar (XLM) blockchain has taken first place globally in daily institutional capital inflows into investment funds, overtaking Ethereum. According to data from RWA.xyz and Token Terminal, net inflows into Stellar-based investment funds totaled $17.1 million over the past 24 hours, compared with $16.0 million for Ethereum and $5.9 million for Polygon.

The surge marks a fourfold expansion of Stellar's RWA sector since the end of last year. The total value of real-world assets on the network has grown by 360%, reaching a record $3.5–4 billion.

Tokenized fund market cap growth by chain, past 24 hours 📈 Member @StellarOrg led with +$17.1M, just ahead of @ethereum (+$16.0M), with @0xPolygon third at +$5.9M. Via @tokenterminal https://t.co/VDdF1LjjLL

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— RWA Foundation (@RWAFoundation_) October 9, 2026 As a result, Stellar has climbed to third place in the global blockchain ranking by assets under management (AUM), now trailing only Ethereum and BNB Chain.

How this market works and where the money is goingCapital inflows are being driven by major regulated funds that have distributed liquidity across three key jurisdictions:

France: The network's largest asset is the Spiko Amundi Overnight Swap Fund (EUR), a government bond fund with $1.29 billion in assets operating under the European Union's UCITS framework.

United States: Franklin Templeton's BENJI government money market fund holds $521.1 million, while the Ondo U.S. Dollar Yield (USDY) fund has $537.1 million under SEC oversight.

Luxembourg: The Yuleba Bond 2030 corporate credit instrument accounts for $500 million.

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Circle's USDC stablecoin, with $367.7 million, serves as the ecosystem's settlement gateway. Compliant with Europe's MiCA regulation, it maintains a record 707,248 active addresses for the RWA sector, with monthly transfer volume reaching $10.72 billion.

The network expects another boost in the first half of 2027. The U.S. securities depository DTCC has already confirmed plans to connect its tokenization service to Stellar to bring Russell 1000 stocks and major ETFs on-chain, while the Tradable platform is preparing to integrate up to $1 billion in private credit assets.

Why Stellar is attracting banks while XRP targets energy and industryStellar's performance in the regulated fund segment highlights the technological divergence between the network and its historical competitor, the XRP Ledger (XRPL), which was also created with the involvement of Stellar co-founder Jed McCaleb.

The platforms have developed opposing specializations: while Stellar is accumulating traditional banking capital and government bonds, XRPL has taken a dominant position in the tokenization of commodities and industrial assets.

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Ripple's ecosystem is now built around Justoken's JMWH energy contracts, valued at $2.22 billion, and Latin American corporate debt pools from VERT Capital. Settlement activity across this industrial hub is supported by Ripple USD (RLUSD), a regulated stablecoin with a market capitalization of $1.16 billion.

Thus, the latest inflows have further cemented Stellar's position as the leading public blockchain infrastructure for regulated investment products, dividing the global RWA market into debt and industrial sectors.

Remittix establishes a firm route to public trading as Ethereum’s institutional story and Solana’s next consensus upgrade fuel ambitious market forecasts.

MAJURO, Marshall Islands, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Remittix has confirmed November 24, 2026 as the scheduled market-launch date for RTX, placing a firm deadline on the final phase of a presale that has raised more than $32 million.

The announcement gives over 40,000 participants a defined transition from presale funding to public trading. It follows the opening of PayFi testing to 1,000 invited holders.

The countdown begins as Ethereum price prediction discussions explore $8,000 and Solana’s Alpenglow upgrade supports a renewed $250 target. Remittix enters that bullish conversation with something large-cap assets cannot offer: a first launch cycle backed by working products and an expanding financial platform.

November 24 Becomes the Central RTX Catalyst

The confirmed launch date transforms the Remittix roadmap into a time-bound market event. RTX is currently available at $0.23, with $0.46 announced as the final presale price and planned minimum exchange launch price.

Remittix is advancing toward a $36 million hard cap after crossing $32 million. The remaining allocation creates a narrowing pre-launch window before broader market access begins.

This timeline is reinforced by product progress. One thousand invited holders can test EUR and USD PayFi routes, including crypto-to-fiat and fiat-to-crypto functions. USDT and USDC are supported across selected networks such as Ethereum, Celo, Base and Polygon, with more currencies and assets planned.

Remittix Is Preparing an Ecosystem, Not a Standalone Token

The Remittix platform is being built as a single destination for holding, transferring, trading and earning with digital assets. PayFi forms the practical settlement layer, helping users move value from crypto into compatible bank accounts for personal or commercial use.

The iOS wallet has already recorded more than 10,000 downloads, and an Android version is awaiting approval. Remittix Markets is live with hundreds of perpetual trading pairs and has processed over $50 million in volume across thousands of active users.

Remittix Earn is approaching release with advertised yields of up to 22% APY on eligible assets. The planned wallet rebuild will connect PayFi, Markets and Earn, potentially allowing each product to introduce users and liquidity to the others.

Ethereum Price Prediction Eyes $8,000 as Solana Targets $250

Ethereum recently traded near $2,500. An $8,000 Ethereum price prediction implies more than threefold upside and reflects a high-conviction bull case based on ETF demand, staking, stablecoin settlement, tokenized assets and continued institutional adoption.

Solana has been trading near $110 after retreating with the wider market. A $250 target would require an advance of roughly 125%, with network upgrades strengthening the long-term case. Alpenglow is designed to replace TowerBFT and reduce targeted finality from approximately 12.8 seconds to around 150 milliseconds.

Ethereum offers established smart-contract scale, while Solana is pursuing faster settlement. Remittix is focused on the consumer-facing gap between blockchain value and everyday banking, giving RTX a distinct route into the wider adoption cycle.

A Defined Launch Could Concentrate Market Attention

The November 24 debut will bring Remittix’s payment, trading, wallet and earning products into public markets together, providing RTX with several potential sources of demand.

As the presale approaches its hard cap, the project’s combination of a fixed launch date, live trading activity, wallet adoption and active PayFi testing could place Remittix among the most closely watched new crypto launches of the final quarter.

About Remittix

Remittix is building a connected PayFi and digital-asset ecosystem focused on crypto-to-bank and bank-to-crypto payments. Its products include Remittix Markets, a mobile wallet and the forthcoming Remittix Earn service.

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

Media contact:
[email protected]

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Remittix Ethereum

Remittix Ethereum Source: Remittix

3 Reasons Behind the Crypto Market's Aggressive Selloff: What to Expect Next?

Starknet, an Ethereum L2, is considering becoming a standalone layer 1 (L1) blockchain. The project team, led by Eli Ben-Sasson, believes Ethereum is not moving “fast enough” to become quantum-resistant, citing its 2029 timeline.

For Starknet, the increasing risks from advanced AI models mean the security push should be accelerated. 

Right now, we’re reliant on the security of Ethereum, and many parts of it are not quantum-safe. If we become an L1, we’ll replace that layer with a quantum-resistant layer that has hashes.

For Ben-Sasson, becoming an L1 would allow Starknet to have “post-quantum agility”

Source: X The team eyed 2027 as the target to make the network fully quantum-resistant. Recent mathematical breakthroughs by OpenAI have heightened security concerns, raising fears that current blockchain cryptography could be cracked sooner than expected. 

Ethereum’s divided reaction to the AI threat The crisis is deeper given the lack of consensus on how to approach the immediate AI threat. An Ethereum researcher proposed a ‘bunker mode’ migration to hide public keys and reduce risk exposure to wallet addresses that are reused. 

However, Ethereum co-founder Vitalik Buterin is cautious of the proposed wallet migration and ‘bunker mode.’ Additionally, he warned that lattice-based cryptography, currently being floated for post-quantum security, can be cracked by better AI models. 

For him, hash-based cryptography should be improved for better post-quantum security. 

But Cardano’s Charles Hoskinson slammed Buterin for lack of concrete proof for his claims against lattice-based cryptography. 

Simply put, it will probably take a while before Buterin convinces the broader Ethereum ecosystem on the best security approach to the AI/quantum threat. 

STRK price rallies +50% on Starknet L1 plan Worse still, part of Starknet relies on a lattice system that Buterin is skeptical about. To some critics, the 2027 timeline was far too aggressive. Others, such as analyst Gabriel Shapiro, felt Starknet’s L1 plan is “hateful” towards Ethereum. 

Yes, please do it(become L1); it’s obvious you hate Ethereum.

That said, Starknet’s DeFi activity, as tracked by TVL (total value locked), has declined by nearly half from $310M to $160M. The liquidity has decreased to $152M. 

Source: DeFiLlama  Whether it will be competitive and regain traction, as some L2s shut down, remains to be seen.

That said, STRK investors seemed bullish about the post-quantum and L1 plans. In the past 48 hours, the token rallied +50% as the broader market sold off. 

Source: STRK/USDT, TradingView  Final Summary Starknet to migrate from Ethereum and become an L1 in 2027 to advance post-AI and quantum agility. STRK rallied +50% on the L1 plan and security push, suggesting investors viewed it as a bullish catalyst.

US spot Bitcoin and Ethereum exchange-traded funds (ETFs) continued to see significant investor withdrawals on October 8, as the broader cryptocurrency market faced mounting pressure.

Bitcoin and Ethereum ETF outflows accelerateFarside Investors reported that Bitcoin ETFs recorded $244.1 million in net outflows during the most recent trading session, while Ethereum ETFs experienced $72.5 million in withdrawals. Together, the two asset classes lost a combined total of $316.6 million in a single day.

This heightened pace of outflows has led some market analysts to question whether the historically bullish trend known as “Uptober” will hold true in 2024. Traditionally, October has brought gains for major cryptocurrencies, but this year, persistent ETF withdrawals suggest a more cautious approach by institutional investors.

In the first six trading sessions of October, Bitcoin ETFs saw cumulative net outflows exceeding $820 million, with the pace of withdrawals increasing throughout the second week. The single largest daily withdrawal occurred on October 7, when investors pulled $484.9 million out of Bitcoin ETFs.

On October 8, Bitcoin ETFs recorded $244.1 million in outflows, following $484.9 million withdrawn in the prior session, underlining the recent surge in investor caution.

Among major ETF providers, BlackRock’s iShares Bitcoin Trust (IBIT) posted $5.5 million in withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC), lost $197.1 million. Other notable funds, Bitwise’s BITB and Ark Invest’s ARKB, recorded $17.7 million and $20.3 million in outflows, respectively. One exception was Franklin Templeton’s OnChain US Bitcoin ETF (EZBC), which attracted $4.7 million in net inflows.

ETFNet Flow (Oct. 8)IBIT (BlackRock)-$5.5 millionFBTC (Fidelity)-$197.1 millionBITB (Bitwise)-$17.7 millionARKB (Ark Invest)-$20.3 millionEZBC (Franklin Templeton)+$4.7 millionMini dictionary: Franklin Templeton is a major US-based asset management company with over $1 trillion in assets under management, known for offering a wide range of investment products, including ETFs.

Ethereum ETFs mirror Bitcoin’s lossesEthereum ETFs have also experienced heavy redemptions in October, with total outflows exceeding $600 million as of October 8. The largest single-day withdrawal for Ethereum ETFs was recorded on October 6, when $201.9 million exited, followed by $160.9 million on October 7.

On October 8, BlackRock’s iShares Ethereum Trust (ETHA) reported $71.1 million in withdrawals, while Fidelity’s FETH saw $5.5 million in new investments. Grayscale’s ETHE, another major Ethereum product, posted $6.1 million in outflows.

ETFNet Flow (Oct. 8)ETHA (BlackRock)-$71.1 millionFETH (Fidelity)+$5.5 millionETHE (Grayscale)-$6.1 millionThe latest ETF withdrawals coincided with a wider selloff in cryptocurrency markets. Over the past 24 hours, Bitcoin slid roughly 0.44%, changing hands at around $62,660 on October 8. Ethereum traded close to $2,500 as risk-averse investors reduced exposure to major digital assets.

Market volatility and liquidationsThe downturn in prices contributed to significant liquidations among leveraged traders. In the past 24 hours, approximately $1.19 billion in cryptocurrency positions were liquidated, including $356 million in Ethereum and $298 million in Bitcoin trades.

Sharp outflows from Bitcoin and Ethereum ETFs reflect a shift in market sentiment, which also triggered over $1 billion in leveraged crypto liquidations within a single day.

These developments together highlight increasing caution in the market, amid investor wariness regarding possible short-term downturns in digital asset prices.

Ethereum, the world’s second-largest cryptocurrency by market capitalization, has dropped back to the $2,500 range following several days of selling pressure fueled by rising US Treasury yields, a stronger dollar, and weakening institutional inflows.

Sharp price pullback as technicals weakenOn October 9, ETH traded near $2,500 after briefly sliding to around $2,408 the previous Thursday, marking an almost 9% decline from recent highs above $2,700 earlier this week. This downturn follows back-to-back declines of 4% and 4.5% on consecutive trading days, which erased most of Ethereum’s October gains.

The rapid drop has left Ethereum’s immediate technical outlook under pressure. Analysts noted the $2,500 zone had already been highlighted as a key vulnerability, especially after approximately $165 million in leveraged long positions were liquidated during the recent selloff.

If Ethereum fails to hold above $2,500, trader focus may shift to the next support area in the $2,400 to $2,450 zone, given that ETH touched a session low of $2,408 on Thursday, indicating buyers are being tested at those levels.

Exchange balances for Ethereum have dropped to multi-year lows, with supply now tightly linked to institutional flows and investor demand as staking and withdrawals steadily reduce available coins on the market.

ETF outflows contrast with Bitcoin inflowsUS-listed spot Ethereum exchange-traded funds (ETFs) saw net outflows of $201.9 million on October 6, marking the largest single-day withdrawal in recent weeks. In contrast, Bitcoin spot funds recorded net inflows of $118.8 million in the same trading session, highlighting a shift in institutional capital between the two largest crypto assets.

AssetETF Net Flows (Oct. 6)Recent Price LevelEthereum (ETH)-$201.9 million$2,500Bitcoin (BTC)+$118.8 millionNot specifiedIndustry observers have indicated that Ethereum’s bullish narrative relies increasingly on institutional demand to absorb circulating supply, at a time when staking and exchange withdrawals have driven available liquid supply to multi-year lows.

The ongoing slide in exchange balances for Ethereum continues to raise questions about whether institutional buyers will step in to offset retail and speculative selling, especially as macroeconomic pressures remain a headwind for risk assets.

Traders are closely monitoring the $2,500 to $2,400 range for signs of buying support or a potential continuation of the current downtrend.

Mini dictionary: Spot ETF, an exchange-traded fund that aims to directly track the price of the underlying asset such as Bitcoin or Ethereum, allowing investors to gain exposure without directly owning the cryptocurrency itself.

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9 October 2026 | 15:10 Tom Lee sees Ethereum reaching $25,000 to $50,000 during the current bull cycle. At roughly 122 million ETH in supply, the upper end of that range would value the network at about $6.1 trillion.

That calculation puts his call in perspective. Ethereum would need to earn a much larger role in financial markets, with tokenized assets, stablecoins and institutional products creating activity that also supports demand for ETH.

Key Takeaways Lee’s $25,000-$50,000 range belongs to his wider bull-cycle thesis. He expects tokenization to bring larger institutional pools on-chain. Ethereum needs to capture value from settlement, collateral and staking activity. BitMine’s ETH treasury shows Lee’s conviction, while adoption still needs separate proof. What the $50,000 target would require In a recent interview, Lee described Ethereum as a neutral settlement layer for a growing on-chain financial system. He also gave a nearer-term view: ETH could approach $7,500 by year-end if Bitcoin moves above $100,000.

The $25,000-$50,000 range covers a much longer path. Lee expects tokenization to shift assets and financial services onto public blockchains, giving Ethereum a larger role in the markets that issue, trade and settle those assets.

How Lee separates Ethereum’s price scenarios

Near-term view

About $7,500

Linked to Bitcoin moving above $100,000.

Long-cycle view

$25,000-$50,000

Built around tokenization and institutional adoption.

Scale at $50,000

~$6.1 trillion

Approximate ETH value at a supply near 122 million coins.

Lee sees a large pool of capital outside crypto Lee argues that crypto still represents a small slice of the capital that could eventually move on-chain. He put the addressable pool at “$200 trillion minimum,” while separately pointing to public equities and fixed income as much larger traditional markets than crypto today.

The figure is his framing rather than a precise addition of every asset class. Its purpose is to show the gap between today’s on-chain market and the capital that tokenized products could eventually compete for.

LEE’S VIEW OF THE ADDRESSABLE CAPITAL POOL

TRADITIONAL LIQUID CAPITAL

~$200T

Equities: ~$150T
Fixed income: ~$250T

$3-$4T
ON-CHAIN TODAY

↑

+$7T

per year in new
liquid capital

Figures reflect Lee’s framing in the interview. The $200 trillion figure is not a precise sum of the equities and fixed-income pools he cited separately.

For Ethereum, the relevant question is whether that capital comes on-chain in a form that requires public settlement infrastructure. A tokenized fund can exist without generating much lasting ETH demand; repeated issuance, transfers, redemptions, collateral use and settlement create the stronger connection.

This cycle has a different group of buyers Lee compares the present setup with earlier crypto booms that were driven largely by retail participation. ICOs pushed the 2016-17 market, while NFTs and consumer crypto shaped the 2019-21 run. His present thesis rests on asset managers and financial firms building products for a different group of clients.

Period Dominant theme Buyer base in Lee’s comparison 2016-17 ICO fundraising Mainly retail participation around new token issuance. 2019-21 NFTs and consumer crypto Another retail-led market built around a new digital-ownership use case. Current cycle Tokenization and regulated products Institutions, issuers and asset managers seeking new ways to package assets. Institutional demand may eventually bring larger pools of capital, although it carries a higher operational bar. Custody, compliance, transfer restrictions, redemption rights and legal ownership need to work in practice before tokenized assets can move beyond limited rollouts.

Lee places AI early in its investment cycle Lee’s Ethereum case also sits inside a broader view of AI. He compares the current stage of AI development with the internet and mobile buildout of the 1990s, arguing that ChatGPT’s 2023 launch places the sector closer to the middle of a long adoption curve than to its final stage.

That comparison does not establish a timetable for AI, crypto or ETH. It explains why Lee expects software agents and robots to create more digital financial activity over time, including a need for programmable payments and wallets.

S-CURVE OVERLAY: INTERNET (1994→) vs AI (2023→)

1994
public internet

1997

2000
Cisco peak

2023
ChatGPT

“Today = 1997”
in Lee’s analogy

~2033
projected peak

Internet & mobile reference

AI cycle in Lee’s comparison

Schematic reconstruction of Lee’s verbal comparison. The curve shapes illustrate the analogy and are not fitted market data.

Ethereum still needs to capture the value of that activity Ethereum already has a large role in stablecoins and decentralized finance, which gives Lee’s thesis a visible base. He also sees its developer community and history of uninterrupted operation as reasons institutions may favour it for products that need neutrality and broad access.

The investment case turns on value capture. A larger tokenized-asset market helps ETH when the assets create demand for Ethereum settlement, ETH collateral, staking or blockspace. Issuing a token on a blockchain alone says little about how much economic value reaches the native asset.

That separation also helps readers distinguish a long-term adoption story from short-term market moves. Ethereum’s recent eight-month open-interest high and the rise in Bitfinex shorts showed how derivatives positioning can affect price while the network’s underlying adoption case remains unchanged.

BitMine puts Lee’s thesis on a corporate balance sheet Lee is also chairman of BitMine, an Ethereum treasury company that has accumulated one of the largest disclosed ETH positions. Its October 5 update reported about 6.02 million ETH, bringing the company close to its stated target of owning 5% of the supply.

A large treasury buyer can reduce the amount of ETH readily available for sale, especially where holdings are staked. The market-wide case remains separate: tokenization needs to produce sustained demand that continues after an individual treasury company reaches its own allocation target.

Lee’s warning for incumbent financial firms Lee argues that banks face a strategic choice as tokenized products spread. He compared the challenge with companies that dominated an earlier technology model but failed to make the next transition.

1980 · MAINFRAMES → PC

NCR

Dominated computing. Did not pivot to personal computers.

Giant that missed the shift.

TELECOM · LONG-DISTANCE → MOBILE

MCI

A major long-distance provider that failed to make the mobile transition.

Disappeared.

TODAY · TRADFI → ON-CHAIN

Large FIs

Lee says firms without a crypto rail or strategy risk the same fate.

“The NCRs and MCIs of this era.”

The comparison is a warning, not proof that every financial service will move on-chain. It does show where Lee places the commercial opportunity: tokenization could affect more than asset issuance by changing custody, settlement, collateral and the way financial products are distributed.

His long-term view extends beyond trading Lee expects software agents and robots to generate a larger volume of financial activity, which could increase the importance of digital payments, collateral and settlement. His view is that financial services already represent a large share of economic activity and could become more central as machine-driven activity expands.

ECONOMY SHARE — LEE’S FRAMING

TODAY

~50%
financial

rest of economy

→

+ AGENTS & ROBOTS

largerfinancial share

rest of economy

Directional illustration of Lee’s view. The proportions are schematic, not an economic forecast.

The evidence matters more than the number Lee’s $50,000 scenario assumes that Ethereum becomes a key part of financial infrastructure and retains enough of the resulting activity to strengthen demand for ETH. The claim will become easier to judge through recurring tokenized-asset use, settlement volumes, staking demand and the network’s share of institutional activity.

The target remains Lee’s view of where those developments could lead. The stronger story lies in the milestones that appear before any price goal is reached.

This article is for informational purposes only and does not constitute investment advice. Tom Lee’s price targets and market views are his own and do not guarantee future performance.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

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Cardano's founder Charles Hoskinson has lashed out at Ethereum's co-founder Vitalik Buterin over the latter's recent claims about the possible destabilization of current cryptography by artificial intelligence.

In his long post on X, the Cardano founder labeled Vitalik's statements as a series of baseless fears about lattice cryptography, which is one of the main components of the current post-quantum security paradigm.

This particular post was a response to Buterin's statement about the possibility of significant destabilization of lattice cryptography within the next two years due to the quickening pace of AI-based mathematical discovery.

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He believed that artificial intelligence might help in discovering new mathematical shortcuts that could nullify all security assumptions.

Yet, in his response, Cardano's creator denounced Buterin's statements as highly speculative. He also criticized Ethereum's co-founder for the lack of mathematical substantiation of his views.

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The Cardano co-founder noted that lattice cryptography has been subject to deep research and rigorous testing for decades. Moreover, in all those years, researchers have been constantly refining their security assumptions by incorporating new information about attack methods.

Hoskinson also warned that the stance Buterin is trying to take might cause grave harm to the whole cybersecurity industry.

Disincentivizing people from using lattice cryptography could be a negative factor in all the ongoing activities aimed at securing communication on the Internet from future quantum computers.

Also, seeding doubts about the security of lattice cryptography could hamper the overall transition from classical cryptography, which could endanger any sensitive information that might be compromised in the future.

Buterin sounds alarm about AI threatThis tense debate happened shortly after prominent Ethereum researcher Justin Drake warned the crypto community about an impending security disaster he termed "bunker mode."

As reported by U.Today, Drake claims that artificial intelligence might one day be capable of undermining the Elliptic Curve Digital Signature Algorithm (ECDSA), the dominant method for authorizing crypto transactions.

Drake believes that if a mathematical breakthrough were powerful enough, it could allow the extraction of private keys from exposed public keys in much less time than currently expected.

Later, Vitalik Buterin supported Justin Drake's view, saying that AI could make mathematical research progress at a truly unprecedented rate.

However, the Ethereum co-founder explicitly advised crypto holders against making any rash decisions and transferring their funds elsewhere. 

Charles Hoskinson challenges Vitalik Buterin’s warning that AI could weaken lattice cryptography, disputing calls for dramatically larger parameters.

Cardano founder Charles Hoskinson has pushed back sharply against Ethereum co-founder Vitalik Buterin’s warning that rapid advances in AI-driven mathematics could weaken lattice-based cryptography, arguing that the concern is not backed by a concrete attack against today’s leading lattice schemes.

Vitalik is now trying to convince everyone that lattices are bad because he is bag-holding too much hash-based crypto research can't back out. The case against lattices is the GNFS story, a.k.a. a hunch about "structure," and a multiplier pulled out of thin air. None of it has… https://t.co/ryeeCwlENo

— Charles Hoskinson (@IOHK_Charles) October 9, 2026

The dispute centers on how blockchains should prepare for a world where AI dramatically accelerates mathematical research.

Buterin said users do not need to rush into new wallets today, but argued that crypto developers should take seriously the possibility that AI could uncover new shortcuts against both elliptic-curve and lattice-based cryptography. His concern extends to schemes such as ML-DSA and other lattice constructions currently viewed as post-quantum options.

Buterin Says AI Could Change Cryptographic Assumptions Buterin’s argument is based on what happened historically with integer factorization.

I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography.…

— vitalik.eth (@VitalikButerin) October 7, 2026

Early estimates treated factoring large numbers as vastly more difficult than later algorithms such as the General Number Field Sieve ultimately made it.

He suggested AI could discover comparable mathematical advances against elliptic curves or lattice problems much faster than human researchers have.

In his personal view, developers relying on lattices should use much more conservative parameters, even floating the idea of multiplying key sizes by 10 for very long-term protection.

That thinking also helps explain Ethereum’s growing interest in hash-based signatures. Ethereum’s Lean Consensus work is developing hash-based schemes such as leanXMSS, while its broader post-quantum roadmap targets major infrastructure milestones around 2029.

Buterin also cautioned against unnecessary wallet migrations, noting that operational mistakes can themselves result in lost funds.

Hoskinson Calls the 10x Proposal “Numerology” Hoskinson challenged the premise behind that warning.

He argued that lattice cryptography has already gone through decades of attack improvements involving LLL, BKZ, enumeration and increasingly efficient sieving techniques.

In his view, modern parameter sets already account for that history rather than assuming lattice problems have never faced serious cryptanalysis.

His strongest criticism targeted the proposed 10x increase in key sizes. Hoskinson called the figure essentially “numerology,” arguing that parameter changes should follow a defined attack model and security calculation rather than a general fear that AI may discover something new.

He also disputed Buterin’s use of the factoring analogy, saying an unknown future attack on lattices would need an identifiable mathematical mechanism rather than simply an appeal to hidden “structure.”

NIST Currently Backs Both Lattice and Hash-Based Approaches The wider standards landscape is more mixed than a lattice-versus-hash choice.

NIST finalized ML-KEM, a module-lattice key-encapsulation standard, and ML-DSA, a module-lattice digital-signature standard, in August 2024.

It also standardized SLH-DSA, a hash-based signature scheme derived from SPHINCS+, specifically providing diversity if another family encounters problems.

NIST still describes ML-KEM and ML-DSA as believed secure against adversaries with large-scale quantum computers.

That does not prove they are immune to unknown AI-assisted mathematical breakthroughs, but no such break has been demonstrated in the debate between Buterin and Hoskinson.

Hoskinson also pointed out that hash functions are not automatically structure-free in practice. Ethereum itself funds cryptanalysis of Poseidon and Poseidon2, including Gröbner-basis and other algebraic attacks, showing that hash constructions also undergo active scrutiny.

Cardano Is Also Working on Post-Quantum Security The disagreement is particularly relevant for Cardano because its 2026 research roadmap includes a dedicated post-quantum workstream covering future cryptographic migration and quantum-secure alternatives.

Cardano research has also explored lattice-based approaches for future zero-knowledge systems.

The two founders therefore agree on one broad point: current cryptography should not be treated as permanently safe.

Where they differ is the response. Buterin favors reducing reliance on structured cryptography wherever hash-based alternatives are practical, while Hoskinson argues that existing lattice systems should not be downgraded without a named attack, measurable cost, and evidence that current parameters are inadequate.

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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Cardano founder Charles Hoskinson said Ethereum co-founder Vitalik Buterin is talking down rival encryption to protect his own research. He accused Buterin of “bag-holding too much hash-based crypto research” and being unable to back out.

The dispute goes beyond a feud between two founders. It touches how major blockchains plan to shield wallets from future quantum computers.

Why Hoskinson Says Vitalik Buterin Is Protecting His Own Bet Vitalik is now trying to convince everyone that lattices are bad because he is bag-holding too much hash-based crypto research can't back out. The case against lattices is the GNFS story, a.k.a. a hunch about "structure," and a multiplier pulled out of thin air. None of it has… https://t.co/ryeeCwlENo

— Charles Hoskinson (@IOHK_Charles) October 9, 2026 Buterin recently warned that AI-driven math breakthroughs could weaken lattice-based encryption. That is one of two main ways to protect wallets from quantum attacks.

His post favors the other option, hash-based designs, which Ethereum’s long-term plan already uses.

Hoskinson argued that Vitalik Buterin is too invested in that path to change course. In trading slang, a bag holder is stuck with an asset nobody wants to buy. Still, Hoskinson did not reject hash-based tools outright. He said they fit some uses but remain an “algebraic dead end” for more advanced features.

He also framed the warning as part of a pattern. In his view, Buterin’s posts have pulled developers away from good research before.

“He writes these damn posts that convince lots of engineers to abandon incredibly important research, and then we have to stumble back to it after years of false starts: Plasma, Ethereum 2.0, Casper, Accounts, etc etc etc. Now we are going to attack Lattices.”

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Which Chains Gain if Lattices Hold Up?Solana developers picked a lattice-based scheme for their quantum upgrade. Algorand already uses the same approach for parts of its network.

Hoskinson defended that choice against Vitalik Buterin’s doubts. He said researchers have attacked lattices for 40 years. Older hash tools, by contrast, have already fallen.

He also dismissed Buterin’s call for 10 times bigger keys as “numerology.” Hoskinson also argued that a vague AI threat can never be disproven. In his view, every year without a break simply becomes “not yet.”

The rivalry is not new. Earlier, Hoskinson claimed Ethereum was copying Cardano’s core design.

Cardano, meanwhile, has its own timeline in mind. Hoskinson recently put the odds of a quantum threat before 2033 above 50%.

As a result, the Hoskinson and Vitalik Buterin clash could shape which encryption major chains trust before quantum machines arrive.