Track market-moving stories before they get noisy

Major cryptocurrencies Zcash (ZEC), Ethereum (ETH), Shiba Inu (SHIB), and Hyperliquid (HYPE) are confronting crucial support zones after notable declines. Traders are closely watching these levels for potential rebounds or the risk of further losses.

Zcash (ZEC) struggles near critical supportZcash, a privacy-focused cryptocurrency, is now trading at $1,190, marking a sharp drop from its September peak of $1,700. The past week brought accelerated losses, with the price unable to reclaim $1,340 and quickly sliding toward the current level.

As of now, ZEC sits atop the blue and cyan moving averages near $1,180, which defined the last major support during September’s rally. This area is significant for buyers aiming to defend the ongoing trend. If ZEC closes below $1,180, analysts anticipate a potential move to the $1,050–$1,100 zone, where the mid-September pullback previously stabilized. A steeper drop toward the orange average at $960 or the distant $735 support would reflect a much deeper correction in the trend.

Momentum has weakened, as seen by the Relative Strength Index (RSI) falling to 40, a level not reached in several weeks. While overall trading volume remains low, renewed buyer engagement will be necessary to avoid a more severe drop.

ZEC faces a make-or-break moment: holding $1,180 could trigger a move back up to $1,340, while a close below $1,180 will likely open the way for further losses toward $1,050.

A daily close above $1,340 would suggest strengthening bullish momentum, whereas a close under $1,180 would reinforce the bearish outlook.

AssetCurrent PriceSeptember HighKey SupportKey ResistanceRSIZcash (ZEC)$1,190$1,700$1,180$1,34040Ethereum (ETH)$2,525$2,800$2,500$2,70042Shiba Inu (SHIB)$0.00000542$0.00000627$0.00000529$0.0000056545Hyperliquid (HYPE)$85.76$98$84$88.5047Ethereum (ETH) tests psychological level at $2,500Ethereum, the second-largest blockchain network by market capitalization, has slid to $2,525 after starting the day near $2,700. Despite several attempts, ETH has been unable to break above the September top at $2,800, reinforcing the importance of this resistance zone.

The $2,500 level now represents a psychologically significant support. A daily close above $2,550 may indicate renewed bullish interest. Below $2,500, the $2,400 area and the September low at $2,350 mark the next strong support. The $2,300–$2,335 area, where the orange and black averages congregate, provides a notable cushion for the price, correlating with the ongoing uptrend from August.

Volume increased across the recent decline, reflecting active selling, while the current RSI reads 42, underscoring weak momentum but not extreme overselling conditions. A daily close under $2,500 could send ETH toward $2,350, potentially disrupting its higher-low pattern and pressuring the trend further.

ETH must remain above $2,500 to keep its uptrend intact; otherwise, it risks descending back to the $2,300–$2,350 range.

Shiba Inu (SHIB) and Hyperliquid (HYPE) face chart-defining momentsShiba Inu is currently valued at $0.00000542 after a recent drop pushed the price below its key long-term average at $0.00000565. This marks a critical test for the memecoin, with the next support at $0.00000529. Should this floor break, the next stop is between $0.00000500 and $0.00000510, setting up a possible revisit of September’s $0.00000474 low.

Recent declines occurred with moderate volume and an RSI of 45, reflecting bearish sentiment but not panic conditions. A move back above $0.00000565 would help restore bullish hopes, while a drop below $0.00000529 would confirm additional downside risk.

Hyperliquid, a decentralized trading platform offering perpetual swaps and derivatives, has experienced a pullback to $85.76, after reaching a high of $94 this week. Despite the correction, HYPE holds above all its major moving averages and support at $84 remains intact. The RSI stands at 47, signaling neutral momentum. If the price maintains above $84, the uptrend may continue, but a daily close below $83.70 could force a deeper retracement toward the $78–$79 zone.

Mini dictionary: Hyperliquid is an onchain, decentralized exchange that specializes in derivatives trading and perpetual contracts, aiming to provide a seamless and scalable trading experience without relying on traditional centralized infrastructure.

Continued resilience above $84 could prompt another rally to $88.50, followed by $94 and a potential challenge of the $98 high. Conversely, sustained weakness would invalidate this setup and increase the risk of reaching lower support levels at $78 and $75.

Ethereum traders are quietly heading for the exits. Open interest in ETH derivatives has fallen 11.7%, reaching its lowest level since June 2026.

Nobody is panic selling. Leveraged traders are simply closing positions, and the futures market is getting noticeably smaller as a result.

What the numbers show Measured in coins, ETH derivatives open interest has slipped to 12.49 million ETH as of late September to early October 2026. One dataset puts that as the lowest reading since March 1, 2026.

That figure reflects a drop of 1.46 million ETH from the levels recorded during the early July recovery.

The selloff in positioning also had a single dramatic day. Aggregate ETH contract open interest fell 7.53% in one session in early October, landing at approximately $31.8 billion.

Binance, which holds a large share of ETH derivatives activity, tells a similar story. Recent estimates place ETH open interest on the exchange somewhere between $3.25 billion and $6.2 billion.

Earlier this year, Binance ETH open interest fell to approximately $4.16 billion in late June. That marked its lowest point in over three months at the time.

Shorts are holding the wheel Funding rates on certain exchanges have now turned negative. That means bearish traders are paying to keep their positions open, which suggests they are currently in control of perpetuals.

All of this is happening while ETH trades in a fairly narrow band. Prices have been consolidating between $2,600 and $2,800, with spot market activity outweighing derivatives trading.

The bigger deleveraging picture Analytics providers Coinglass and CryptoQuant have both tracked the ongoing deleveraging across ETH markets. Their data points to a broad caution about holding leveraged positions right now.

The pattern is not unique to Ethereum. Bitcoin futures have shown similar behavior, where falling open interest tends to reflect weaker speculative demand.

What this means for ETH traders Lower open interest cuts both ways. On the positive side, less leverage in the system means fewer positions that can be forcibly liquidated if prices move sharply, as current leverage levels remain subdued compared to previous peaks.

The negative funding rates complicate that picture. They show that active traders expect further declines and are positioning accordingly.

There is also a contrarian wrinkle. When shorts crowd into a trade and pay to stay there, a sudden move higher can force them to buy back positions quickly, which can amplify any upside.

A few indicators are worth tracking from here. The first is whether open interest stabilizes near 12.49 million ETH or keeps sliding. The second is funding. A return to positive rates would suggest long traders are regaining confidence, while deeper negative rates would signal growing conviction among bears. The third is the price range itself. A move outside $2,600 to $2,800 would likely pull sidelined traders back in, in whichever direction the break occurs.

Exchange-level data also deserves attention. Binance figures, given the platform’s share of ETH derivatives, could offer an early read on whether leverage is returning or still draining.

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

Curve Finance has said Ethereum’s Glamsterdam upgrade could give complex DeFi transactions more reliable access to blockspace, citing mainnet checks in which a leveraged borrow used about 1.84 million gas against 125,000 for a direct stablecoin swap.

Summary

Curve’s mainnet checks put leveraged borrowing gas usage at nearly 15 times a direct stablecoin swap. The team expects added capacity to help borrowers, arbitrage traders and liquidators during heavy demand. Ethereum developers have prepared a 200 million gas test, without committing mainnet to that limit. Curve cautions that revised state charges could increase gas requirements for some transactions. Curve Finance, the decentralized finance protocol behind the crvUSD stablecoin, said Glamsterdam’s value should be measured by how transactions perform during congestion rather than by the block gas limit alone.

In comments shared with crypto.news, the team identified transaction inclusion times and actual user fees during demand spikes as the practical tests of whether Ethereum’s added capacity improves access. Its assessment also made easier validation a condition of successful scaling.

Ethereum’s Glamsterdam upgrade could help complex DeFi transactions According to Curve’s mainnet checks, a leveraged borrowing transaction consumed roughly 1.84 million gas, compared with 125,000 for a direct stablecoin swap. Based on those figures, the borrowing operation used about 14.7 times as much gas.

For transactions combining borrowing with a collateral purchase, the team said congestion can affect several parts of the same operation. More predictable access to blockspace would therefore be particularly useful for users carrying out complex transactions when network activity rises, in Curve’s view.

Cheaper execution could also make smaller arbitrage trades worth completing, according to the protocol’s team. It expects longer swap routes to become more economical, potentially improving the prices available through its pools and making positions easier to open or unwind.

The team described added capacity as welcome when Ethereum can provide it without making validation harder. Its comments stopped short of claiming that every user action would become cheaper, pointing instead to changes in the way the upgrade charges for state operations.

In Oct. 6 coverage of the 200 million gas test, earlier reporting described Sepolia preparations for a block gas limit up from roughly 60 million. The report explained that the test setting would not automatically become Ethereum mainnet’s limit.

According to Prysm’s Oct. 5 release notes, version 7.2.1 added the Sepolia schedule so validators would default to 200 million gas after the fork. The preceding version supported the upgrade but would retain the 60 million setting unless operators changed their configuration.

Liquidation benefits depend on timely transactions During sharp market moves, Curve said liquidators, oracle updates and borrowers compete for blockspace. Extra capacity could help their transactions get through, although the team cautioned that larger blocks would still face demand.

For Curve’s lending system, the expected benefit involves LLAMMA, its liquidation mechanism. According to the team, cheaper and faster arbitrage should help LLAMMA track market prices more closely as collateral passes through its liquidation range.

By reducing delays in that process, the protocol expects the upgrade could limit losses associated with prices moving before transactions complete. Curve also linked dependable liquidations to the stability of crvUSD.

The team placed particular weight on performance during volatility, when users need to act on positions rather than wait for network congestion to clear.

“What we think should be watched most closely is execution under real load.”

In Curve’s assessment, a higher gas ceiling would offer limited practical benefit if transactions continued to stall during busy periods. The team said the relevant measurements are how quickly transactions enter blocks and what users pay when competition for blockspace increases.

Gas repricing could require contract and wallet changes Alongside its expected execution benefits, Curve warned that Glamsterdam reprices state operations, meaning some actions would require more gas.

Ethereum developers raised related concerns in an Aug. 26 report on smart contract compatibility risks. According to the Ethereum Foundation warning covered there, most contracts were unaffected in transaction replays, while many flagged failures could be fixed by supplying higher gas limits.

The Foundation identified fixed gas allowances, hardcoded call limits and gas-sensitive contract logic among the risk factors. Its warning also extended to wallets, infrastructure providers and gas-estimation tools that rely on cached assumptions.

Under the proposed changes described in that report, EIP-8037 changes the cost of creating state, including accounts and contract storage, while EIP-8038 revises charges for accessing existing state. Developers were urged to test applications before mainnet activation.

On validation, Curve said Ethereum should preserve the ability to verify its ledger without asking permission. The team warned that scaling would compromise that principle if added capacity made independent verification impractical.

Public testing follows capacity checks and builder warnings In Sep. 18 coverage of Glamsterdam testnet builder risks, Ethereum developers warned that free test ether could allow malicious builders to win block auctions and withhold transaction payloads.

The developer discussion treated the scenario as a public-testnet availability concern rather than a way to steal mainnet ETH. According to the report, Devnet-11 had used 84,000 validators across multiple clients, but its controlled rehearsal excluded deliberate attacks.

For U.S. investors following Ether through listed funds, a Sep. 19 report on U.S. Ether ETF withdrawals recorded approximately $140.6 million in net outflows during Sep. 14–18, based on Farside data. Ether was the weakest of the four crypto ETF categories covered in that report.

According to the Oct. 6 upgrade coverage, the Ethereum Foundation had not set Hoodi or mainnet activation dates and said separate announcements would follow agreement among client teams.

In brief Ethereum's Sepolia testnet activated Glamsterdam on October 6 at epoch 353,024, with a block gas limit of nearly 200 million, more than three times mainnet's 60 million. Sepolia blocks 11,872,013 through 11,872,037 used between 47.1 million and 85.9 million gas, roughly 24% to 43% of the limit. The announcement sets no date for the Hoodi testnet and schedules no mainnet upgrade, so mainnet's limit stays at 60 million for now. Ethereum's Sepolia test network activated the Glamsterdam upgrade on October 6 and began producing blocks with a gas limit of nearly 200 million, more than three times the 60 million that Ethereum's main network allows. Gas is the unit that measures computing work on Ethereum, and the gas limit caps how much of that work fits into a single block.

The 200 million figure was scheduled in a commit tied to epoch 353,024, a 6.4-minute time marker in Ethereum's calendar that began at 13:53:36 UTC.

Myriad: Where does Ethereum go next? Click to make your prediction.Blocks used only a fraction of that room. A snapshot of 25 consecutive blocks on Etherscan taken on October 8, numbers 11,872,013 through 11,872,037, shows gas use at roughly 24% to 43% of the limit.

A higher ceiling does not mean three times as many transactions, only that a block can hold more when demand shows up. For everyday users, that headroom is what helps keep fees from spiking when many people use Ethereum at once, because congestion feels like strangers outbidding each other to get into the next block.

Bigger blocks are harder on validators, the computers that put up ETH as collateral to check and confirm each block. Ethereum Foundation researchers had warned that limits above 40 million could "fail to propagate as expected" across the network, so the number has crept up in small steps.

One of those steps was a 52%-to-48% validator vote in February 2025 that moved the limit from 30 million to 32 million. The limit was later raised to 60 million during 2025, double the original 30 million, and the Fusaka upgrade, which went live on December 3, 2025, made that the default.

Two changes on Ethereum's roadmap are meant to help the network handle more load. Block-level access lists record which accounts and data each block touches, so computers can check many transactions at once instead of one by one. Enshrined proposer-builder separation moves the auction that decides who assembles each block, today run through outside middleware, into Ethereum's own rules.

Ethereum co-founder Vitalik Buterin sketched the longer arc in July, when he described a plan to replace almost every major piece of the protocol over three to four years. Glamsterdam is the nearer-term step, and Ethereum developers describe a possible gas-limit increase toward roughly 200 million after it.

Sepolia is a testnet, a practice network whose tokens carry no real value, so developers can break things without costing anyone money. It also staged the Merge rehearsal on July 6, 2022, when it switched to proof of stake ahead of the main network.

The announcement sets no date for Hoodi, another public testnet, and schedules no mainnet upgrade, so Ethereum's main network keeps its 60 million gas limit for now.

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Is the Crypto Market Heading for Another October Bloodbath?

Ethereum Institutional, a nonprofit organization focused on promoting enterprise adoption of Ethereum, has revealed a major rebrand and an overhauled website just three months after its initial launch. Announced via the group’s official X account, the update introduces a refreshed wordmark, updated visual identity, and a redesigned portal aimed at making institutional Ethereum activity more accessible.

New portal streamlines institutional discoveryAt the core of these changes is a searchable database featuring institutional deployments across both Ethereum’s mainnet and prominent Layer-2 networks. The portal allows users to filter by industry, chain, and asset type, supporting a wide range of use cases such as stablecoins, tokenized treasuries, and on-chain settlement.

A distinct brand identity has also been created for the Ethereum Institutional Forum. Previously, this forum convened over 150 executives collectively representing approximately $250 trillion in assets under management. The rebrand is intended to move Ethereum’s narrative for enterprises from compelling stories to clear, discoverable solutions.

Background: Foundation and organizational structureEthereum Institutional emerged from the Ethereum Foundation’s Enterprise Acceleration initiative, which was launched in October 2025. This initiative positioned Ethereum as a neutral and secure platform for tokenizing financial value, tracking 75% of tokenized real-world assets, 65% of DeFi total value locked (TVL), and 60% of stablecoin issuance through more than 1.1 million validators.

By July 2026, Ethereum Institutional spun out as an independent nonprofit managed by former Foundation executives David Walsh, Marius Smith, and Matthew Dawson. The group maintains relationships with over 500 key industry players, including leading banks, asset managers, and custodians. Its funding is supported by companies such as BitMine Immersion Technologies and SharpLink, alongside Ethereum co-founder Joseph Lubin.

A recent reorganization, referenced by the Ethereum Foundation, has kept core protocol development under the Foundation while designating organizations like Ethlabs to lead research and Ethereum Institutional to drive go-to-market activities, including intelligence gathering, industry outreach, and events management.

Mini dictionary: Layer-2 networks (L2s) are blockchain protocols that operate on top of a main network like Ethereum, improving scalability and transaction throughput while reducing costs. Projects such as Arbitrum, Optimism, and zkSync are among the most recognized L2s in the Ethereum ecosystem.

Growth signals from the institutional sectorInstitutions have recently shown increased interest in Ethereum. BlackRock’s BUIDL fund now manages over $1.15 billion in assets, with the majority based on Ethereum. Visa reported processing more than $1 billion in annual stablecoin settlements on the Ethereum network.

MetricValuePlatform/SourceTVL on Base$15.5 billionCoinbase BaseTotal L2 TVL$50 billion+L2BeatEthereum’s share of DeFi TVL65%DefiLlamaStablecoins on Ethereum$180 billionDefiLlamaThis liquidity is highly relevant for assets redeemable in US dollars, an advantage Ethereum maintains as competitors like Solana build out enterprise-facing business development teams. Ethereum Institutional notes that the platform’s neutrality attracts long-term infrastructure builders but may complicate enterprise engagement due to the absence of a clear counterpart.

Tackling industry needs and complianceEthereum Institutional is addressing institutional requirements through support for zero-knowledge proofs, fully homomorphic encryption, and advanced scaling technologies like Aztec and RAILGUN. The organization states that the Forum and deployment tracker address key challenges: enabling greater discovery of enterprise use cases and facilitating peer-to-peer dialogue outside traditional developer settings.

Deployment tracking and the Ethereum Institutional Forum help enterprises discover which peers have advanced beyond pilot phases, while providing a neutral platform for industry connection and credibility.

The nonprofit plans to expand its Institutional Intelligence program, focusing on standardizing issuance, settlement, and compliance processes. The tracker will incorporate live on-chain attestations and references to regulatory filings, offering additional resources for risk and legal teams. For Layer-2 teams, custodians, and exchanges, this presents opportunities to engage on evolving standards such as ERC-1400 and ERC-3643.

Ethereum Institutional positions itself as a facilitator of enterprise adoption, aiming to simplify discovery and integration of Ethereum-based solutions for the financial sector.

Vitalik Buterin said the risk from AI-accelerated math is real but pointed it at lattices rather than elliptic curves. A former Ethereum Foundation researcher said bunker mode would not help if the curves actually broke

Vitalik Buterin said the risk from AI-accelerated math is real but pointed it at lattices rather than elliptic curves. A former Ethereum Foundation researcher said bunker mode would not help if the curves actually broke

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Bitcoin as low as $80,000 Thursday as renewed tensions involving Iran and growing concerns over AI-driven threats to crypto security weighed on cryptocurrencies.

Notable Statistics:

Coinglass data shows 164,899 traders were liquidated in the past 24 hours for $1.02 billion.        SoSoValue data shows net outflows of $487.07 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $160.8 million. In the past 24 hours, top losers include Venice Token, Zcash and Avalanche. Notable Developments:

Tom Lee Predicts ‘Largest Crypto Bull Market Ever’ but ETH Craters 5%Bitcoin Tumbles to $82,000 but $205,000 Remains the Target, Analyst SaysXRP Drops Another 3.5%: What Is Going On?Is This Dump a ‘Buy Signal’ for Bitcoin, ETH, XRP? One Analyst Says ‘Yes but…’Ethereum Co-Creator Vitalik Buterin Says ‘Don’t Scramble’ to Move Funds to New Wallets, but Take AI Risks to Crypto ‘Seriously’XRP ETFs Are Growing but Why Does the Zcash ETF Get all the Attention?Can the CLARITY Act Make A Comeback? Rep. French Hill Says MaybeTrader Notes:

Scott Melker in a podcast with Nick Ducoff, Head of Institutional Growth, Solana Foundation highlighted that crypto industry is entering a tokenization super cycle, driven by stablecoin payments, institutional adoption and tokenized securities.

Despite its prolonged bear market, Ducoff remains bullish on Solana amidst continued institutional development and more than $1 billion in assets under management for a U.S. Solana ETF.

Melker argued that Bitcoin’s decline below $82,800 is a potential healthy retest and does not necessarily invalidate its emerging bullish structure.

The 50-week moving average of $77,000 represents another possible downside target that he would not consider particularly concerning.

Melker believes Bitcoin’s recent higher high and recovery above major moving averages suggest the broader bearish trend may be ending.

Image: Shutterstock

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Thailand has issued new regulatory rules for crypto ETFs, with the first phase only allowing such ETFs to invest in Bitcoin and Ethereum.

Thailand’s Securities and Exchange Commission (SEC) has released 11 regulatory rules concerning cryptocurrency ETFs, which will take effect on October 16. The first phase restricts ETF investments to Bitcoin and Ethereum, requiring a passive investment strategy. The annual average net exposure to a single crypto asset must not fall below 80% of the fund’s net assets, with assets held by regulated digital asset custodians. Additionally, the new rules permit mutual funds and private funds to invest in local Thai crypto ETFs, but bar securities firms from providing margin financing for such purchases. In the first phase, securities firms are prohibited from offering overseas crypto ETF investment services to clients other than institutional investors and ultra-high-net-worth individuals.

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Bernstein projects TSMC's third-quarter revenue will reach 1.49 trillion New Taiwan Dollars, 3% higher than the market consensus.

Bernstein noted that sustained growth in artificial intelligence (AI) demand and resilient demand for high-end smartphones may continue to drive revenue growth for Taiwan Semiconductor Manufacturing Co. (TSM.N, TSMC). Calculated from monthly revenue figures, TSMC’s third-quarter revenue hit NT$1.49 trillion, 3% above the market consensus forecast. Bernstein projects TSMC’s U.S. dollar-denominated revenue will rise 41% this year. TSMC is poised to release its full third-quarter earnings report shortly, with investors closely monitoring its 2nm process capacity expansion, potential further expansion in the U.S., and its outlook for 2027. Bernstein’s prior forecast of 30% annual revenue growth for TSMC in 2027 and 2028 has upside potential.

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ByteDance's TRAE merges two AI tools, TraeWork to cease services on October 23.

Beating AI News – ByteDance has announced the official merger of its AI office tool TraeWork and programming tool TraeCode into a new product named TRAE. The two previously separate clients will be unified under a single entry, offering two modes: Agent and IDE. The Agent mode enables AI to automatically advance tasks, while the IDE mode retains full code editing and debugging capabilities. The new Agent mode supports managing multiple projects simultaneously, scheduling multiple AI agents to work in parallel, and connecting to SSH remote development environments. Users can have AI handle end-to-end workflows from requirement analysis to page design, coding, testing and delivery, and switch to the IDE mode at any time for manual code modifications. Existing features including scheduled tasks, template libraries and office capabilities are also integrated, with cross-device support for desktop, web and mobile. ByteDance stated that chat history, account information, local data, login status and business points will be automatically migrated after the upgrade. TraeWork users need to manually initiate the upgrade in the client, while TraeCode users will receive automatic updates. The official documentation clarifies that TraeWork will be discontinued on October 23, and users who fail to upgrade by then will no longer be able to access it. However, some developers have expressed dissatisfaction with the new version. Users in TRAE’s official community have reported that the software now defaults to the Agent workspace; the previously commonly used IDE mode requires manual switching, and there is currently no option to adjust the default startup mode.

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Doubao adds water, electricity, and gas utility bill payment services; is the prototype of a super app taking shape?

News flash from Dong察 Beating AI: Doubao App has added a new "Life Payments" feature. When users type "pay electricity bill" or "pay water bill" in the chat box, Doubao will pop up a service card; clicking it leads to the page for settling water, electricity, and gas bills, eliminating the need to look for payment entry points in other apps. However, the feature is not available in all regions yet. Even if the service is accessible in their city, users still need to link their account number, confirm, and complete the payment – it does not support automatic deduction with just a single command. A source close to Doubao told The Paper that the app is gradually expanding service capabilities for daily affairs, including travel booking and life payments. Previously, Doubao had already integrated services such as flight tickets, train tickets, and ride-hailing.

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US Government Deposits 17,733 $BTC ($1.48B) to Coinbase as $BTC Price Drops 6.9%

The U.S. government deposited 17,733 $BTC ($1.48B) and 750 $WBTC ($62M) into #CoinbasePrime over the past 3 days. During this period, the price of $BTC dropped 6.9%.

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Pump.fun opens pairing with any platform tokens; buying new tokens directly boosts the original token’s liquidity pool.

Pump.fun has announced an update to its Custom Pairs feature. Previously, new tokens could only be paired with tokenized stocks or whitelisted tokens, but now they can be paired with any token issued on the platform that is either still on a bonding curve or has graduated to PumpSwap. Tokens that have graduated to Raydium and are not on the whitelist are not currently supported, with exceptions for whitelisted projects like Fartcoin. The official stated that derivative trading of past popular tokens was siphoning attention and liquidity. Under the new mechanism, when purchasing a new token paired with an existing one, funds will first be converted into the paired token before buying the new token, thereby generating buy pressure and deeper liquidity for the original token pool. Currently, pairing depth is limited to one layer, and the pairing relationships of already listed tokens cannot be modified. The platform has also adjusted the fee calculation for multi-hop swaps to prevent fees from stacking up.

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Zcash (ZEC): Trading at $1,190, down 30% from September's $1,700 high, with crucial support at $1,180 and weak momentum (RSI ~40) poised for either a bounce to $1,340 or a deeper fall to $1,050.

Ethereum (ETH): At $2,525 after declining from $2,700, testing key support at $2,500 with high-volume selling pressure; must hold above $2,500 or face a potential pullback to the $2,300–$2,350 support zone.

Shiba Inu (SHIB): Dropped to $0.00000542 after breaking below its long-term average, now at critical support with weak momentum (RSI 45); holding $0.00000529 could trigger a bounce to $0.00000565, or a further decline below.

HOT Stories

Hyperliquid (HYPE): Pulled back to $85.76 from its $94 high but remains above all major moving averages with neutral momentum (RSI 47); support at the $84 level holds, positioning this as a normal pullback in an uptrend.

Zcash takes a hitZcash (ZEC) is currently trading close to $1,190 following a significant red candle. The price is now about 30% below its September high of around $1,700. The extent of the damage became clear over the last few days: the price failed near the green average at $1,340 and then fell sharply.

ZEC/USDT Chart by TradingViewThe good news is that ZEC is sitting right on the blue and cyan averages, both around $1,180. This is the main support area. A rise began from here in September, which suggests buyers might defend it again. If $1,180 is breached, the next area of interest is $1,050 to $1,100, where the mid-September pullback ended. The next solid support is the orange average near $960, just below it. The black long-term line is far away, near $735, which shows how rapid the rally was.

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Momentum is declining. The RSI has dropped to about 40, its lowest level in several weeks. With volume low, this is not yet a panic sell, but buyers are not actively participating either.

The first sign of strength for bulls would be a daily close above $1,340. After that, they must break through $1,400 and $1,500, and breaking $1,700 would set a new high. If the price closes below $1,180 on the daily chart, bears would see more downside confirmed. A drop below $1,040 would break the September low and damage the overall trend.

What happens next: ZEC is in a make-or-break situation. If it rebounds, it might rise from $1,180 to $1,340. If it closes below $1,180, it will probably head toward $1,050.

Ethereum is close to a critical levelEthereum (ETH) saw a notable daily decrease and is now trading close to $2,525, after starting the day at approximately $2,700. The September high of $2,800 is still the top, and ETH has been unable to break it twice. The price is testing the blue average around $2,505 and has just dipped below the cyan average near $2,550.

ETH/USDT Chart by TradingViewThe $2,500 level is the most relevant price level for Ethereum, a psychologically significant round-number support. A daily close above $2,550 would signal that buyers are returning. Below $2,500, the next support is $2,400, followed by the September low at around $2,350. At $2,300 to $2,335, the orange and black averages sit in close proximity, making this the chart's strongest support zone. A bounce is likely if ETH reaches it, thanks to the uptrend in place since August.

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Volume deserves attention. The red candle appeared on high volume, indicating that sellers were active and that the move is not just market noise. ETH's RSI has dropped to around 42, which is weak but not oversold.

Bulls first target $2,610, then $2,700. A breakout above $2,800 would end the two-month range and pave the way for higher prices. Bears would confirm a deeper pullback with a daily close below $2,500, and a drop to $2,350 would break the higher-low pattern and weaken the uptrend.

What happens next: ETH needs to stay above $2,500. If it does, it is likely to move between $2,500 and $2,700. If it fails to hold $2,500, expect a test of the $2,300 to $2,350 range.

Shiba Inu's negative dynamicShiba Inu (SHIB) is trading at $0.00000542 after a notable market correction. The recent candle erased most of the week's gains and pushed SHIB below the long-term black moving average at approximately $0.00000565. The support line, which had held for two weeks, is now broken, which is a warning sign.

HYPE/USDT Chart by TradingViewThe price currently sits on the blue and cyan averages near $0.00000545, the first real test so far. The orange average, the next floor, is near $0.00000529. If it breaks, the next area is between $0.00000500 and $0.00000510, the final strong support that lasted through mid-September before the $0.00000474 low.

The RSI is around 45, meaning sellers are dominant but the coin has not reached oversold territory. Volume on the decline was not substantial, pointing to a loss of buying interest rather than a panic sell.

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Bulls first need to push the price back to $0.00000565 and close the day there, which would show that the break was a false move. The next levels to watch are $0.00000580 and $0.00000600. The September high of $0.00000627 stays out of reach until those levels fall. 

A daily close below $0.00000529 would confirm further downside for bears, and hopes for a bounce will fade if SHIB cannot regain $0.00000565 within the next several days.

Hyperliquid (HYPE) Price AnalysisAfter a heavily red day, Hyperliquid (HYPE) is trading at $85.76. It has fallen from its earlier high of around $94 this week. Sellers took over at the top because the coin could not surpass its September peak of $98. Despite this, the overall outlook remains positive, as HYPE stays above all its major moving averages.

The price hovers around the cyan line close to $85.50, with the blue line just below at approximately $83.70. Since August, the orange average near $75.70 and the black long-term line close to $63 have both been rising, indicating a strong climb.

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Support is in the $84 to $85 range, and the September 30 low near $84.50 coincides with this zone. If it fails, the blue average at $83.70 is the next level, followed by $78 to $79, where buyers entered earlier this month.

The RSI has decreased to about 47, a neutral reading, so there is still room for another upward move without hitting overbought levels. Volume has remained low during this pullback, indicating that there is no heavy selling yet.

For bulls to sustain $84 and later regain $88.50, they need a significant boost in market enthusiasm. A move above $90 would pave the way to $94 and a retest of the previous high at $98, and a daily close above $98 would signal the start of a new trend high.

Bears want a daily close under $83.70. That would cancel the bounce setup and point to $78, with $75 as a deeper target. As long as $84 holds, this looks like a regular pullback in an uptrend. If it breaks, we are heading toward an even deeper reset.

A Potential Break from Ethereum@Starknet has disclosed that it is actively considering a significant architectural shift: migrating from its current position as an Ethereum Layer-2 network to become an independent Layer-1 blockchain. but the network has set 2027 as its target date for the move.

@StarkWare CEO @EliBenSasson revealed the plan during his appearance at the Token2049 conference in Singapore on October 8, 2026.

The ambition is to build what the team describes as the first-ever quantum-resistant public base layer.

Why Quantum Computing Changes the CalculusThe urgency behind the proposal stems from growing concern that conventional cryptographic systems are not built to survive the quantum era.

Ben-Sasson has argued that both quantum computing and artificial intelligence are advancing faster than most in the industry appreciate, and that networks cannot afford to wait for Ethereum's longer-dated migration timeline.

The remaining work, including replacing legacy hash functions and migrating consensus signing to a post-quantum scheme, is laid out across a three-phase roadmap.

The proposal is not yet a done deal. It remains subject to community governance, and the team has framed it as a question worth debating rather than a settled decision. Still, the direction of travel is clear:

Sources:
Unchained Crypto: Starknet Weighs Becoming a Layer 1 to Chase Quantum Resistance by 2027
StarkWare: Starknet Quantum Security Research Hub
Computer Weekly: Eli Ben-Sasson on Quantum Computing and Bitcoin

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.

Top News:

Crypto majors fall another 2-3% along with stocks; BTC at $82.6k ETH Researcher Justin Drake warns of AI hacking, calls for "Bunker Mode" BTC ETFs see biggest day of outflows since late June Tom Lee says he’ll stop buying ETH at 5%, which he’ll reach soon Near Intents announced Confidential Intents on DarkSwap on Solana (Dark +169%) 🔐 Ethereum Researcher Says AI May Break Crypto Encryption Before Quantum

Justin Drake has spent years warning that quantum computers could eventually break the math protecting crypto wallets. On Wednesday, he said something more alarming: AI might get there first, and possibly within months.

Drake, a researcher at the Ethereum Foundation, called on the industry to start planning for what he called bunker mode. His advice is to move coins to fresh addresses that have never sent a transaction.

Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.

Holders, starting with large…

— Justin Drake (@drakefjustin) October 7, 2026

Here’s why that matters. Every wallet has a private key you keep secret and a public key derived from it. The public key stays hidden behind a scrambled version of itself until you spend from that wallet. The moment you send a transaction, your public key becomes visible on the blockchain forever. If someone figures out how to work backward from a public key to a private key, every wallet that has ever sent money is exposed. Wallets that have only ever received are not.

The system doing that math is called ECDSA, and Bitcoin and Ethereum both rely on it. Drake says it’s now reasonable to prepare for it breaking before quantum computers arrive, in the worst case in months rather than years. By breaking, he means recovering someone’s private key in about a week using a large cluster of graphics cards.

What changed his thinking is how fast AI is solving hard math. He pointed to 722 mathematical results OpenAI published Tuesday. His argument is that elliptic curves, the structure ECDSA is built on, have exactly the kind of rich mathematical patterns a superintelligent system might exploit, while the hashing used to hide public keys is designed to resist that.

He named Binance, Bitbank, Robinhood, Bitfinex, and Tether and asked them to harden their cold storage. He also offered small holders a strange comfort: roughly 20,000 addresses believed to belong to Bitcoin’s creator each hold 50 BTC with exposed public keys. Anyone who cracked this would likely go for those first. He calls it Satoshi’s shield.

So where does this leave us? Drake is careful to say don’t panic and don’t rush, and to begin the process of moving self-custodied crypto into new, safe wallets. But there are alternatives. Use the ETFs. Use a proven custodian like Coinbase. And if you want to hold your own keys, consider working with experts to ensure best practices.

Any action is likely better than just burying one’s head in the sand and hoping this all passes…

🌎 Macro Crypto and Markets Crypto majors are red down another 2-3%; BTC -1% at $82.6k; ETH -2% at $2,540; SOL -3% at $114; HYPE -4% at $86; ZEC -8% at $1,210 Top alt movers include JUP (+16%), ALGO (+15%), STRK (+21%) and RAY (+7%) Oil +3% at $93; Gold even at $4,140 Stock futures are red as oil and bonds keep going higher; DOW -0.9%, Nasdaq -0.8% Tom Lee said Bitmine will stop buying Ethereum once it holds 5% of supply, roughly 100,000 ETH away; ETH fell about 5% on the remarks, since Bitmine has bought every single week since June 2025 House Financial Services Chair French Hill said the SEC and CFTC rules aren’t enough even while crediting both agencies for acting; he argued only a law gives lasting certainty and said he still hopes to pass the Clarity Act in the lame-duck session Government wallets moved $103 million in seized crypto Tuesday sending 833.6 Bitcoin to Coinbase Prime and 40,285 BNB to a fresh address; the Bitcoin traces to the Bitfinex hack and a separate fraud case Europol said crypto wallets are the main weak point for future quantum attacks in two reports published Wednesday; it concluded crypto won’t collapse but said wallets that have already revealed their public key can’t be fixed later and must move funds before any attack Wells Fargo is in talks with Kraken’s parent to supply crypto trading liquidity according to two people familiar with the matter; the bank would keep its own client relationships while Payward handles pricing and execution Polygon added Tron support to its payments stack opening access to the $94 billion of USDT on that network; businesses can now move Tether between Tron and Ethereum-style networks through one integration Gate said an all-in-one money app is crypto’s biggest consumer trend for this year and next, betting that users want spending, saving, and trading in a single place rather than separate apps Corporate Treasuries & ETFs

The Bitcoin ETFs saw $485M in net outflows on Wednesday; the ETH ETFs saw $161M in outflows Meme Coin Tracker

Meme leaders were red; DOGE -3%, SHIB -2%, PEPE -1%, PENGU -1%, TRUMP even, SPX -6%, BONK -1% Robinhood chain leaders were red and continue downtrend; Pons -5% to $260M; AI -12% at $108M; Cashcat -7% at $120M; Hookr +60%, ZZZ +27% Bucket +60% led top movers Solana top movers included MET +50%, Dark +165%, Crawl +40% and Stupid Inu +160% 💰 Token, Airdrop & Protocol Tracker Hyperliquid led onchain protocols in revenue with $2.77M on the day, followed by Pumpfun at $2.57M and Stonk at $428k Hyperliquid's Jeff Yan said he'd build an options product if he were starting over today, telling DAS Asia 2026 he no longer thinks perpetuals will absorb options traders; he said HIP-4 gives builders a direct path, since it can use Hyperliquid's existing order book and margin system while perps hedge the risk Hyperliquid Labs unstaked 3.75 million HYPE worth about $330 million and sent half to five private buyers in its largest team distribution ever; the tokens are going to one undisclosed institution rather than being sold on exchanges Near Intents announced Confidential Intents on DarkSwap, allowing confidential swaps from Solana; DARK jumped 169% on the news 🚚 What is happening in NFTs? NFT leaders were mixed; Punks even at 33 ETH, BAYC +4% at 6.06 ETH, Pudgy -8% at 2.88 ETH Claus (+120%) and Trace (+19%) led top movers Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

3 hours ago

According to TradingBeats' monitoring, as Ethereum (ETH) dropped below $2,500, "Brother Ma Ji" (Huang Licheng) has been continuously liquidating his long ETH positions valued at approximately $92.88 million, cutting his position size to $54 million. The entry price of his remaining positions stands at $2,626.94, with a liquidation price of $2,466.95. ETH is currently trading at around $2,487, just about $20 away from forced liquidation. The net asset value of "Brother Ma Ji"'s account is currently $1.53 million, all utilized as margin for his long ETH positions.

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Papertrade opens pre-deposits, official trading expected to launch on October 10.

Synthetic perpetual protocol Papertrade, built on HyperEVM, officially announced its pre-deposit feature is now live. Users can complete deposits and account creation within the next two days. The official noted that account creation and deposits will be significantly restricted once trading launches; depositing early helps avoid opening congestion, though there are no additional benefits for depositing during the pre-deposit period. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It fetches prices from the Best Bid/Offer (BBO) mid-price of Hyperliquid’s order book, allowing users to trade directly against the protocol’s liquidity providers (LPs) instead of relying on traditional order book matching. The protocol’s key features include high leverage, zero slippage, and no funding fees. Its native token PAPER has an initial supply of zero, with no pre-mining, team, or venture capital (VC) allocations. The only source of token minting is user losses or liquidations. During the initial launch phase, the token cannot be freely transferred and is primarily used for staking. Per the official timeline, full trading will begin approximately one hour after the expected HyperEVM network upgrade on October 10. The exact time will be announced via Hyperliquid’s Discord. During the opening phase, trading must be conducted through the official website frontend and whitelist relays; direct contract interactions will be opened once congestion eases. For more related reading, see: "Hyperliquid Is Getting Its Own Layer 2: Key Details You Need to Know".

1 hours ago

The US stock storage sector’s decline has widened further, with Sandisk and SK Hynix ADRs falling more than 5%.

According to market data from BIT (bit.com), losses in the U.S. stock market storage sector have widened further, with individual stocks recording the following declines: Seagate Technology (STX) fell 3.94%; Western Digital (WDC) dropped 3.05%; SanDisk (SNDK) declined 5.4%; Micron Technology (MU) fell 4.21%; and SK Hynix ADR (SKHY) decreased 5.45%.

1 hours ago

The Nasdaq's decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%.

According to BIT (bit.com) market data, the Nasdaq’s decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%. Intel and Marvell dropped over 4%, AMD and Micron declined more than 3%, and Nvidia fell nearly 2%. Earlier news: OpenAI’s annual revenue is $20 billion lower than previously reported, reaching $50 billion as of the end of September, compared to the widely cited $70 billion figure.

1 hours ago

OpenAI’s annual revenue is $20 billion lower than previously reported, with the latest figure standing at $50 billion.

Beating AI Express, according to the Financial Times, OpenAI recently disclosed to investors that its annualized revenue stood at nearly $50 billion as of the end of September, significantly lower than the $70 billion reported at the end of last month. Insiders said the discrepancy arises because investors tried to directly compare OpenAI’s annualized revenue with that of its rival Anthropic, as the two companies use different accounting standards: Anthropic includes sales revenue generated via cloud partners such as AWS and Google Cloud in its revenue, while OpenAI does not. Earlier, investors adjusted OpenAI’s revenue standard to arrive at a $40 billion figure for its August annualized revenue, then combined this with the company’s disclosed revenue growth of over 70% to investors to calculate the $70 billion number. OpenAI declined to comment.

1 hours ago

Federal Reserve Chair Walsh is scheduled to deliver a speech at the IMF Annual Meeting in Bangkok on October 16.

According to the official agenda for the International Monetary Fund (IMF) Annual Meeting in Bangkok, Federal Reserve Chair Walsh has confirmed his attendance at the event and is scheduled to deliver a public speech on October 16 local time. His trip has been formally included in the meeting’s agenda by the IMF Bangkok Annual Meeting Organizing Committee. As the head of a leading global monetary policy-making institution, Walsh’s appearance has drawn significant attention. During the conference, his speech will focus on elaborating on the current macroeconomic situation and monetary policy framework. The IMF has now released the relevant schedule in accordance with established procedures. All speaking arrangements for participating guests have been posted on the official platform, and specific details of the speeches will be subject to on-site disclosures.

1 hours ago

Trump: Will not attack Iran ahead of midterm elections, US and Iran are holding productive discussions.

Trump stated, "We are holding productive discussions with the Islamic Republic of Iran. I want to make this clear to everyone: Even though Iran is in a very difficult economic and military situation, and sanctions will remain fully effective, oil is flowing through the Strait of Hormuz at record volumes—22 million barrels alone last night, none of which originated from or was bound for Iran! We will not attack Iran at any time before the U.S. midterm elections on November 3. Iran will not possess nuclear weapons!"

1 hours ago

In brief Vitalik Buterin, Ethereum's co-founder, thinks it is "plausible" that AI-driven advancements in math might break encryption, specifically lattice-based cryptography, within the next two years. Lattice-based cryptography is one of several options to quantum-proof a blockchain, but Buterin is warning that it might expose the network to a closer AI risk. It comes a day after Ethereum Foundation researcher Justin Drake also said that AI-accelerated math may break encryption before quantum computing can. Ethereum co-founder Vitalik Buterin says it is "plausible" for artificial intelligence to break encryption within the next two years. As a result, he believes the industry needs to protect itself from AI-vulnerable cryptography, as well as quantum-vulnerable cryptography.

It comes just a day after Ethereum Foundation researcher Justin Drake called on the industry to plan for "bunker mode" by moving funds to addresses whose public keys haven't been exposed. Drake said that it's now reasonable to believe AI advances in math could result in encryption breaking before quantum computers become powerful enough to break encryption, commonly referred to as Q-Day.

Myriad: Where does Ethereum go next? Click to make your prediction."There is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math," Buterin said on X. "If AI will bring us 50 years of math in two years, then that 50 years of math may very plausibly include a [...] level of improvement to our ability to break lattices."

Lattice-based cryptography is an option that some crypto projects, such as Cardano, have considered in an attempt to quantum-proof themselves. That means that users could be moving funds to addresses vulnerable to AI-attacks in the short term, out of fear of avoiding a long-term quantum threat. 

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

"Potential breaks in cryptography by quantum computers were generally thought to be contained to Elliptic curve cryptography and RSA," Isabel Foxen Duke, head of Mara Foundation and co-author of BIP-360, told Decrypt. "Breaks in cryptography by classical methods (e.g. those potentially created by AI) could affect types of cryptography that are broadly considered quantum secure (e.g. lattice-based cryptography). If we include concerns about classical breaks in the mix, we have to be even more conservative."

As a result, Buterin believes that any lattices should significantly increase in size to improve safety. Now, the Ethereum founder thinks that hash-based cryptography is a better route for quantum-proofing, but added that, theoretically, AI-driven math could break hashes too.

"I wouldn’t treat Vitalik's two-year scenario as a deadline. The post doesn’t demonstrate that these systems have been broken," Ananda Banerjee, founder of analytics firm Charlie Quant Lab, told Decrypt. "I would prepare carefully rather than rush to move funds."

Buterin isn't proposing any drastic measures to prepare for a "plausible" doomsday scenario. He suggests keeping your funds in addresses that haven't made transactions, as the public key will not have been exposed, which significantly decreases the chances of an attack.

The AI fears come just a month after Buterin said that AI wouldn't doom crypto security, arguing that security defenses will keep pace. His latest comments may suggest that the industry might've been running in slightly the wrong direction.

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

In brief Vitalik Buterin, Ethereum's co-founder, thinks it is "plausible" that AI-driven advancements in math might break encryption, specifically lattice-based cryptography, within the next two years. Lattice-based cryptography is one of several options to quantum-proof a blockchain, but Buterin is warning that it might expose the network to a closer AI risk. It comes a day after Ethereum Foundation researcher Justin Drake also said that AI-accelerated math may break encryption before quantum computing can. Ethereum co-founder Vitalik Buterin says it is "plausible" for artificial intelligence to break encryption within the next two years. As a result, he believes the industry needs to protect itself from AI-vulnerable cryptography, as well as quantum-vulnerable cryptography.

It comes just a day after Ethereum Foundation researcher Justin Drake called on the industry to plan for "bunker mode" by moving funds to addresses whose public keys haven't been exposed. Drake said that it's now reasonable to believe AI advances in math could result in encryption breaking before quantum computers become powerful enough to break encryption, commonly referred to as Q-Day.

Myriad: Where does Ethereum go next? Click to make your prediction."There is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math," Buterin said on X. "If AI will bring us 50 years of math in two years, then that 50 years of math may very plausibly include a [...] level of improvement to our ability to break lattices."

Lattice-based cryptography is an option that some crypto projects, such as Cardano, have considered in an attempt to quantum-proof themselves. That means that users could be moving funds to addresses vulnerable to AI-attacks in the short term, out of fear of avoiding a long-term quantum threat. 

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

"Potential breaks in cryptography by quantum computers were generally thought to be contained to Elliptic curve cryptography and RSA," Isabel Foxen Duke, head of Mara Foundation and co-author of BIP-360, told Decrypt. "Breaks in cryptography by classical methods (e.g. those potentially created by AI) could affect types of cryptography that are broadly considered quantum secure (e.g. lattice-based cryptography). If we include concerns about classical breaks in the mix, we have to be even more conservative."

As a result, Buterin believes that any lattices should significantly increase in size to improve safety. Now, the Ethereum founder thinks that hash-based cryptography is a better route for quantum-proofing, but added that, theoretically, AI-driven math could break hashes too.

"I wouldn’t treat Vitalik's two-year scenario as a deadline. The post doesn’t demonstrate that these systems have been broken," Ananda Banerjee, founder of analytics firm Charlie Quant Lab, told Decrypt. "I would prepare carefully rather than rush to move funds."

Buterin isn't proposing any drastic measures to prepare for a "plausible" doomsday scenario. He suggests keeping your funds in addresses that haven't made transactions, as the public key will not have been exposed, which significantly decreases the chances of an attack.

The AI fears come just a month after Buterin said that AI wouldn't doom crypto security, arguing that security defenses will keep pace. His latest comments may suggest that the industry might've been running in slightly the wrong direction.

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

AI could change the cryptography risk equation faster than expected. The warning isn’t a call to panic or rush funds into new wallets, but it does put lattice-based cryptography under uncomfortable scrutiny.

The concern is that AI-accelerated mathematical research could expose weaknesses in systems many people currently consider secure. That includes ML-DSA, fully homomorphic encryption (FHE), and lattice-based cryptography. The argument isn’t that these systems have already been broken. It’s that nobody should assume today’s security estimates will remain untouched, per Vitalik Buterin’s X post.

AI Cryptography Risks Go Beyond Quantum ThreatsFor years, the conventional view has been simple: elliptic curves may be vulnerable to quantum computers, while hashes and lattices appear safer. But that confidence could be premature.

source: xFactoring offers a useful comparison. Straightforward approaches scale poorly, yet decades of mathematical advances led to the General Number Field Sieve, dramatically improving the attack strategy. The concern is whether AI could uncover similarly powerful techniques against elliptic curves or lattices.

Why Lattice Security Could Face Tough QuestionsThe warning suggests lattice-based systems may need substantially larger parameters to preserve comparable security if new attacks emerge. One proposed scenario is multiplying key sizes by ten, though that’s a personal prediction, not an established requirement.

In that world, hash-based signatures could become more efficient where they’re practical. Ethereum’s lean roadmap has already favored hash-based approaches, including WOTS and SPHINCS+, while avoiding lattice-based signatures and commitments in zero-knowledge proofs.

Wallet Safety Still Doesn’t Justify PanicThe argument extends beyond crypto wallets to secure messaging, VPNs, Tor, and other privacy tools. Public-key encryption remains a particularly difficult problem because hashes alone cannot provide the necessary trapdoor structure.

For everyday users, the advice is measured: unused addresses may reduce exposure if elliptic-curve signatures become vulnerable sooner than expected, but risky migrations can cost money too. The AI cryptography debate is a reason to assess exposure carefully, not scramble blindly. For lattice-based systems, the key question is whether their security assumptions will withstand the next wave of AI-driven mathematics.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

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Crypto markets are taking a hit, and Bitcoin price pressure could deepen if macroeconomic headwinds keep piling up. Surging oil, rising Treasury yields, a stronger dollar, and forced liquidations are combining to push digital assets lower. Neither BTC nor ETH has much room for complacency if selling continues.

Bitcoin Price Faces Pressure From Rising Yields & Brent CrudeBrent crude has climbed amid escalating Middle East tensions, including tanker attacks in the Strait of Hormuz. Higher oil prices are stoking inflation fears, complicating the outlook for risk assets.

Meanwhile, the U.S. 10-year Treasury yield has moved above 5.3% which was highest so far in 2026, while 30-year yields have reached multi-decade highs. Recent Federal Reserve minutes also pointed to potential rate hikes. That mix makes riskier investments less appealing, adding pressure to crypto markets.

Stronger Dollar Adds Another Hurdle For CryptoThe U.S. Dollar Index has risen to around 102.4, creating another headwind for digital assets. It’s a tough backdrop: inflation worries are rising, borrowing costs remain a concern, and traders are facing less favorable conditions for speculative bets.

Then comes the liquidation wave. Leveraged positions have been forcibly closed, wiping out hundreds of millions of dollars in long positions. Those forced exits can accelerate selling, turning an already weak session into a sharper decline.

Ethereum is dealing with additional pressure from institutional ETF redemptions and market debate over technical and cryptographic vulnerabilities. Those concerns come on top of the broader macroeconomic strain, leaving ETH exposed to multiple sources of selling.

Could Bitcoin Price Weakness Drag Markets Lower?The immediate question is whether BTC and ETH can stabilize. If prices keep falling, further liquidations could add to the downward momentum across the sector.

For now, the Bitcoin price and Ethereum’s ability to find support matter beyond their own charts. Until selling eases and prices stabilize, crypto’s red screen could get worse.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

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Ethereum co-founder Vitalik Buterin has raised concerns that rapid advancements in artificial intelligence (AI) may compromise the security of certain cryptographic systems within the next two years. His comments came in response to a suggestion from Ethereum Foundation researcher Justin Drake, who called on the industry to adopt a heightened defensive posture amid growing AI-driven risks. Buterin emphasized that the threat extends beyond quantum computing, traditionally considered the main future challenge for cryptography.

Concerns over lattice-based cryptography and AI advancementsButerin highlighted that AI’s progress in complex mathematical fields, such as number theory and algebra, could uncover weaknesses in lattice-based cryptography systems. These include ML-DSA and fully homomorphic encryption (FHE), which are designed to provide security amidst emerging computational threats. He explained that Ethereum is also investigating alternative cryptographic options, such as hash-based signature schemes like WOTS and SPHINCS+, which are less dependent on intricate mathematical assumptions.

Mini dictionary: Fully homomorphic encryption (FHE) allows computations to be performed directly on encrypted data, enabling data privacy without needing to decrypt the inputs first. WOTS (Winternitz one-time signature) and SPHINCS+ are types of hash-based digital signature schemes considered resistant to both quantum and some AI-driven attacks.

User reactions and security recommendationsAmid ongoing debate within the crypto community, Buterin urged users not to panic over potential AI threats. He advised against rushing to migrate wallets or making abrupt changes to security practices, warning that poorly planned transitions could result in greater losses than the risks posed by AI-driven attacks themselves. Buterin shared a personal anecdote, stating, “I personally have lost more money in botched migrations than I have lost in all hacks combined.” Instead, he recommended that users adopt fresh, unused wallet addresses where public keys have not been previously exposed, use larger key sizes for certain encryption systems, and consider offline or off-chain confirmations for multisignature wallets.

I personally have lost more money in botched migrations than I have lost in all hacks combined. Use fresh addresses and be cautious with security changes.

Several X (formerly Twitter) users contributed to the discussion. One user, @walicoin, focused on the “extra algebraic structure in Ring/Module Learning With Errors (LWE),” referencing prior vulnerabilities in cryptographic schemes including a 2022 classical attack on SIKE and issues in cyclotomic ideal SVP. The user argued that hash-based schemes may bypass these vulnerabilities, although current assurances remain heuristic.

Another participant, @the_smart_ape, framed crypto security as an ongoing mathematical puzzle, rather than an unsolvable problem. He cautioned that AI could accelerate mathematical discovery to the point where “quantum-safe might not be AI-safe.” He encouraged users to maintain disciplined security practices instead of reacting hastily.

X user @stacymuur broadened the perspective, noting that a successful quantum attack on modern cryptography would undermine not only crypto but also bank accounts, brokerage accounts, and major online platforms. The user emphasized that such an event would threaten the very foundation of the global financial system and internet security.

If quantum technology one day breaks modern cryptography, the consequences would extend beyond crypto to bank, brokerage, Google, and Apple accounts—crypto would be the least of the problems, and this would signal the endgame for the internet.

Blockchain migration and infrastructure challengesThe conversation also addressed the feasibility of migrating existing blockchain systems to stronger cryptographic standards. Such a migration generally requires updating the cryptographic process for transaction authorization, not physically transferring all tokens or assets to new wallets. For instance, Ethereum developers could upgrade current accounts to support safer signature schemes, which would protect existing ETH, tokens, and decentralized finance positions without mass asset transfers.

Ethereum, an open-source blockchain network and the second largest cryptocurrency platform, is pursuing a post-quantum roadmap centered on “signature agility.” This approach allows individual accounts to adopt new authentication methods independently, preventing the need for coordinated, network-wide action. Ethereum is currently exploring EIP-8141 as part of this effort, with the goal of securing core infrastructure by approximately 2029.

Security upgrades not only involve account signatures but also critical elements such as Boneh–Lynn–Shacham (BLS) validator signatures, Kate–Zaverucha–Goldberg commitments, and zero-knowledge systems. BLS signatures are compact at roughly 96 bytes, while potential replacements like hash-based leanXMSS signatures are estimated at about 3,000 bytes, presenting significant technical challenges for system efficiency and scalability.

Signature SchemeEstimated Size (Bytes)Adoption StatusBLS Signature96Active (Ethereum validators)leanXMSS (hash-based)3,000Potential replacement (in research)By contrast, Bitcoin faces a complex governance challenge: a protocol-level migration could impact coins whose owners are inactive or have lost access, complicating any network-wide security overhaul.

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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Moscow Exchange (MOEX), Russia’s largest stock exchange, plans to begin offering crypto trading on December 1 under the country’s new regulatory framework. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and TRON (TRX) are expected to be the initial cryptocurrencies supported by the exchange

Moscow Exchange to Offer Crypto Trading Moscow Exchange is currently testing crypto trading with professional traders, said senior managing director for sales and business development Boris Blokhin on October 8. This is a test environment for digital currency trading, testing the functionality that will eventually be implemented in the production environment

“We will continue testing until launch. We plan to provide this cryptocurrency trading capability on December 1st, in line with the new legislation,” he added, according to TASS.

Moscow Exchange intends to use its existing trading organizer license and stock-market infrastructure for crypto assets, which the new regulations permit. “Therefore, everything is very simple – both for the participants and for us” as there is no additional inclusion in the exchange’s register is required.

The announcement follows the entry into force of Russia’s cryptocurrency market legislation in early September. The Bank of Russia has begun registering crypto exchange operators and crypto custodians such as Sberbank and VTB Bank.

As CoinGape reported, Sberbank plans to launch its first crypto products on December 1. The products will be offered via SberBank Online, SberInvestments and SberBusiness. These services are already available in the bank’s overall digital platform.

Under the framework, unqualified investors can buy only Bitcoin, Ethereum, and Tether (USDT), up to 300,000 rubles per year. Qualified investors can purchase all cryptocurrencies on the platform and over-the-counter markets, without a limit on the amount.

Moscow Exchange launched perpetual futures tied to Bitcoin, Ethereum, Solana, XRP, and TRON indices last month. The contracts are quoted in US dollars, settled in Russian rubles, and limited to qualified investors. This positions Russia’s Moscow Exchange to offer regulated crypto exposure alongside banks and other licensed intermediaries.

To understand how these state-backed initiatives compare with international providers, traders can look at our comprehensive review of the regulated crypto exchanges comparison currently operating in the market.

Bitcoin and Ethereum retreat while Jupiter, Raydium and NEAR advance. October 8 charts map key support, resistance, and confirmation levels for five coins.

Asset Aggregate price 24-hour change Aggregate 24-hour volume Bitcoin $82,722 -1.74% $35.29 billion Ethereum $2,563.70 -1.89% $16.35 billion Jupiter $0.372271 +13.64% $141.87 million Raydium $2.43 +9.54% $218.16 million NEAR Protocol $5.33 +7.92% $1.08 billion Bitcoin RSI Falls Toward Neutral as Price Tests $82,720 Bitcoin closed October 7 at $83,276.10 on Kraken, down 2.65% from $85,542.10. The session fell from a $85,588.90 high to $82,720.30, erasing the preceding three completed candles’ recovery.

BTC/USD daily candles and Wilder RSI (14); daily momentum fell toward neutral while four-hour RSI approached oversold territory. Daily RSI, calculated over 14 periods with Wilder smoothing, fell to 52.84 from 63.45. Momentum therefore remains slightly above the neutral 50 line, but the 10.61-point decline shows a substantial loss of strength.

The final completed four-hour candle carried an RSI of 32.55, placing short-term momentum close to the conventional oversold threshold without confirming a daily oversold condition.

The $82,720–$82,920 zone is the first completed-candle support area. CoinGecko’s $82,722 quote was testing its lower boundary at the cutoff.

A daily close below $82,720 would confirm a break and expose the September 28 low at $82,566, followed by the September 21 low near $80,840.

For recovery, BTC needs to reclaim $83,861–$84,432 on a daily close. Clearing that band would reopen $85,589 and the $86,683–$86,974 resistance cluster.

A move above $84,432 that subsequently closes below $83,861 would weaken the first bullish confirmation.

Compared with the October 6 aggregate snapshot of $85,489, Bitcoin was approximately 3.2% lower at today’s cutoff.

Ethereum Trades Below the First Fibonacci Recovery Level Ethereum closed October 7 at $2,572.75, down 4.62% from $2,697.24. The candle reached $2,533.10 after opening at $2,697.15, producing the sharpest completed daily decline among today’s two core assets.

ETH/USD daily candles with Fibonacci retracements of the October 2–7 decline; price remains below the first recovery level. The Fibonacci map measures a prospective recovery of the downswing from the October 2 high of $2,776.46 to the October 7 low of $2,533.10.

The principal retracement levels are:

Ratio Price 23.6% $2,590.53 38.2% $2,626.06 50% $2,654.78 61.8% $2,683.50 The completed close and the later $2,563.70 aggregate quote remained below the 23.6% level. A daily close above $2,590.53 would mark the first recovery step, while clearing $2,626.06 would strengthen the rebound toward the midpoint at $2,654.78.

A close back below $2,590 after an upside break would invalidate the initial signal.

On the downside, $2,533.10 is the immediate closing-confirmation level. Losing it would expose the $2,500 area, followed by the September 14–16 price structure around $2,465–$2,480.

The Fibonacci levels describe conditional recovery resistance; they are not projected outcomes.

ETH has declined about 1.9% from Wednesday’s $2,613.93 aggregate snapshot.

Jupiter Approaches Its Upper Bollinger Band Intraday Jupiter closed October 7 at $0.35866, up 2.06% from $0.35142. The completed candle ranged from $0.31257 to $0.36006, recovering from an early decline but stopping below the September 27 high at $0.37472.

JUP/USD daily candles with 20-day Bollinger Bands; the live price approached the upper band without closing confirmation. Daily Bollinger Bands, calculated with a 20-day simple moving average and two population standard deviations, place the midpoint at $0.32219, the upper band at $0.37571, and the lower band at $0.26867.

CoinGecko’s later $0.372271 quote approached the upper band, but that move remained intraday and does not confirm a daily breakout. CoinGecko placed JUP at rank 71 and reported a 24-hour range of approximately $0.3126–$0.3746 around the report window.

A daily close above the $0.37472–$0.37571 resistance cluster would clear both the recent swing high and the current upper band.

That would establish a new 30-day high and place the psychological $0.40 area in focus. Because Bollinger Bands change with every close, the band should be recalculated before treating it as a later target or invalidation level.

Failure to close above resistance would keep JUP range-bound. Initial support lies at $0.35000–$0.35866. A close below $0.350 would expose $0.32901 and the 20-day midpoint near $0.32219.

Losing the midpoint would invalidate the latest upper-range advance and shift attention toward $0.305.

Raydium Confirms a Bullish Daily MACD Crossover Raydium closed October 7 at $2.469, up 12.74% from $2.190. The session traded as high as $2.568, establishing a new 30-day high before giving back part of the advance.

RAY/USD daily candles and MACD (12,26,9); the completed session confirmed a bullish line-signal crossover above zero. Daily MACD, using 12- and 26-period exponential moving averages with a nine-period signal line, confirmed a bullish line-signal crossover on the completed candle.

The MACD line rose to 0.2345 above the 0.2257 signal line, while the histogram changed from -0.0088 to +0.0088.

Both lines remain above zero, supporting a positive medium-term momentum reading.

The completed crossover does not confirm a price breakout above $2.568. RAY needs a daily close above that high to extend the structure.

Such a close would leave limited recent resistance and bring the older $2.65–$2.72 area into consideration. A return below $2.568 after a breakout would weaken that confirmation.

Support spans $2.108–$2.241, covering the latest two sessions’ lows and the October 5 close. A daily close below $2.108 would weaken the crossover’s price confirmation and expose $1.996, followed by $1.846–$1.868.

Raydium’s rank of 100 places it exactly at the eligibility boundary at the report cutoff; later ranking changes do not alter its cutoff qualification.

NEAR Holds Above Rising 20-Day and 50-Day EMAs NEAR closed October 7 at $5.3349, up 5.18% from $5.0723. The candle traded between $4.89 and $5.4612, recovering from an intraday break below the preceding session’s low.

NEAR/USD daily candles with rising 20-day and 50-day EMAs; resistance remains at $5.461–$5.578. The 20-day exponential moving average rose to $4.5664, while the 50-day EMA advanced to $3.5883. Price remains above both rising averages, and the shorter average maintains a positive $0.9782 spread over the longer one.

On the four-hour chart, the latest completed close also held above the 20-period EMA at $5.1051 and the 50-period EMA at $4.9842.

Immediate resistance lies at $5.4612, followed by the September 27 high at $5.5778. A daily close above $5.5778 would establish a new 30-day high and reopen the $6 area.

A breakout that subsequently closes below $5.461 would lose its first layer of confirmation.

Support begins at $5.0258–$5.0674. A close below that zone would expose $4.89, followed by the October 2–3 lows at $4.5901–$4.6068. The rising 20-day EMA near $4.566 provides a deeper dynamic reference.

NEAR’s aggregate price has increased from $5.25 in the October 6 report to $5.33 today, while the late-September high remains unbroken.

加密市场普跌，RWA板块下跌6.73%，BTC盘中跌破8.3万美元

Photo: Brett Sayles / Pexels

Ethereum’s recent Glamsterdam test on the Sepolia testnet is drawing attention after achieving block gas limits close to 200 million, following a significant upgrade. The testnet’s gas limit increase from approximately 60 million to 200 million marks a substantial step in evaluating Ethereum’s capacity to handle larger transaction volumes. This development is part of an ongoing effort to boost Ethereum’s Layer-1 transaction throughput while testing validator performance under greater operational loads. The upgrade has not yet been activated on the Ethereum mainnet, and the outcome of these tests could influence future decisions on scaling the network.

Key Takeaways The Glamsterdam upgrade on Sepolia testnet appears to test Ethereum’s ability to process larger block sizes, suggesting potential for increased network capacity. Market pricing suggests that the technical progress in the test is consistent with a positive outlook for Ethereum’s potential to scale, though mainnet activation has not been confirmed. The current market odds for Ethereum reaching higher price targets in October remain relatively low, indicating some caution among market participants. What to Watch Observers will be keenly watching for any announcements regarding a potential timeline for the Glamsterdam upgrade on the Ethereum mainnet. This could provide a clearer picture of Ethereum’s scaling roadmap and influence market sentiments further. Additionally, any updates from the Ethereum Foundation or core developers on the test results could impact market expectations. Developments in Ethereum’s Layer-1 capacity and validator performance may significantly sway market pricing as the network continues to evolve.

Term Structure

Contract Odds Δ since publish Volume 24h November 1 2026 4.5% — — View market → November 1 2026 6.5% — — View market → November 1 2026 9.5% — — View market → November 1 2026 44.5% — — View market → November 1 2026 7.4% — — View market → November 1 2026 4.3% — — View market → November 1 2026 2.5% — — View market → November 1 2026 17.5% — — View market → November 1 2026 3.4% — — View market → November 1 2026 26.5% — — View market → November 1 2026 3% — — View market → November 1 2026 2.1% — — View market → November 1 2026 81.5% — — View market → November 1 2026 14% — — View market → November 1 2026 20.5% — — View market → November 1 2026 54.5% — — View market → November 1 2026 0.7% — — View market → November 1 2026 32% — — View market →

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