XRP ETFs opened October with renewed momentum, attracting notable net inflows amid lackluster recent performance, while Ethereum ETFs saw significant outflows. Data from SosoValue revealed contrasting trends between the two major assets as the new month began.
XRP ETFs record positive inflowsXRP, the cryptocurrency developed by Ripple Labs, saw its exchange-traded funds (ETFs) register a net inflow of $4.07 million during the daily trading session on October 1. This shift comes after a period of subdued performance toward the end of the previous month, suggesting a return of investor interest in XRP-related products.
Total trading volume for XRP ETFs reached $25.87 million on the same day, reinforcing signs of renewed activity in the asset. Market analysts have noted the recent uptick, interpreting it as a potential change in sentiment among investors.
XRP ETFs attracted $4.07 million in net inflows on October 1, while Ethereum ETFs recorded a net outflow of $55.37 million, according to SosoValue.
Despite the positive net inflow, the overall amount of capital directed into XRP ETFs remained low when compared to historical figures and industry benchmarks. Yet, compared with some of its peers, the performance represented a notable improvement.
Flows by ETF providerAmong the leading XRP ETF issuers, Franklin Templeton and Bitwise saw contrasting outcomes. Franklin Templeton took in approximately $4.06 million in fresh capital, while Bitwise followed closely with $3.18 million in new inflows. Conversely, Canary’s XRP ETF reported an outflow of $3.18 million, partially offsetting the gains made by its competitors.
Franklin Templeton is a global asset management firm known for its broad investment offerings, while Bitwise is recognized as a major provider of crypto-centric ETF and index products. Canary is a smaller player in the ETF ecosystem, focusing on digital asset funds.
Mini dictionary: Franklin Templeton, a leading global investment management firm, and Bitwise, a company specializing in cryptocurrency investment products, both offer exposure to digital assets via ETF structures. Canary is a boutique provider focused on digital asset funds.
ETF ProviderXRP ETF Net Inflow / OutflowFranklin Templeton$4.06 million (inflow)Bitwise$3.18 million (inflow)Canary$3.18 million (outflow)Major outflows in Ethereum ETFsWhile XRP ETFs posted positive figures, Ethereum ETFs experienced significant withdrawals on the same day. Investors pulled $55.37 million from Ethereum ETFs, resulting in a notable divergence between the two assets’ fund flows at the beginning of October.
The net outflow in Ethereum ETFs contrasted sharply with XRP’s gains, creating a $59.44 million difference in daily flows between the two. Nevertheless, despite the recent outflows, Ethereum’s cumulative net inflows remain robust, totaling $13.84 billion as of October 1.
The data shows a major divergence in flows between XRP and Ethereum ETFs, with XRP outperforming Ethereum by roughly $59.44 million on the first trading day of October.
Spot silver has fallen below the $60 threshold, currently trading at $59.916.
According to Bitget's market data, spot silver has fallen below the key psychological threshold of $60 per ounce, currently trading at $59.916, down 1.75% on the day.
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A crypto whale unstakes 956,600 SOL, valued at approximately $116 million.
According to Whale Alert, at 23:01 Beijing time today, an unknown wallet un-staked 956,610 SOL, valued at approximately $115.62 million.
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Layer 2 network Blast announces it is ceasing operations, requiring users to withdraw their assets to the Ethereum mainnet by October 26.
Layer 2 network Blast announced it will cease operations, as ongoing network maintenance costs have exceeded revenue generated by the L2, with the team noting there is no viable path to achieving economic sustainability. The project is advising all users to withdraw on-chain assets and balances held in its PWA to the Ethereum mainnet, and plans to reduce withdrawal wait times to 24 hours. However, the team will first process the exit of Lido assets held by Blast, a process expected to take approximately one week, during which withdrawal functionality will be temporarily unavailable. Users can complete withdrawals via Blast’s regular interface by October 26. After the deadline, assets can still be retrieved but will require direct interaction with the Blast Bridge contract on Ethereum L1; the team will publish specific operation instructions ahead of the cutoff date.
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The founder of Pons announced the official launch of its V3 mode, granting creators full autonomy to decide whether to adopt the Bonding Curve.
Pons founder Ozzy announced in a post that the platform has officially entered its V3 phase. Ozzy stated that V3 is primarily targeted at newly launched tokens, while V1 and V2 contracts will remain unchanged, so existing tokens require no adjustments. When asked whether V3 tokens will continue to use Bonding Curves, Ozzy responded that this choice will be left to token creators. In response to user feedback on issues such as insufficient visibility of Bonding Curves, Pons will hand over the relevant decision-making power to deployers. Ozzy also noted that V3 will bring more revenue, reduce "vampire" activities, improve trader mechanisms, minimize extractive practices, and emphasized that the community is its top priority.
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According to Lookonchain monitoring, trader Ma Ji has secured 10 consecutive wins in PUMP swing trades over the past 5 days, totaling approximately $1.34 million in profit. His current long positions include 33,950 ETH (valued at around $92.56 million), 409 BTC (worth ~$35.22 million), and 180,000 HYPE (valued at ~$16.16 million).
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Machi Wins 10 Consecutive $PUMP Trades, Profits $1.34M in 5 Days
Machi(@machibigbrother) has been doing well on $PUMP recently. He has won 10 $PUMP trades in a row over the past 5 days, making a total profit of $1.34M. Current long positions: 33,950 $ETH ($92.56M) 409 $BTC ($35.22M) 180,000 $HYPE ($16.16M)
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.
Bitcoin made a strong start to October, breaking out of the $82,000-$85,000 range where it had been trading sideways for days, and climbing above $86,000.
While BTC’s movements are closely monitored, popular analyst Ali Martinez has offered new assessments regarding Bitcoin, Ethereum, XRP, and Solana.
At this point, the analyst, in their latest assessment from account X, examined long-term charts and identified notable technical levels for Bitcoin, Ethereum, XRP, and Solana in the current bull cycle.
What are the Goals in Bitcoin? The analyst began by noting that Bitcoin appears to have traded within an ascending channel over the past two years.
At this point, the first significant level for Bitcoin is indicated as the previously seen peak of $125,000. It is stated that if this level is surpassed, BTC could rise towards the upper limit of its long-term ascending channel, testing approximately $190,000.
Ethereum Reaches a Critical Threshold of $5,000! The analyst noted that when examining Ethereum’s monthly chart, a rising channel that has been ongoing for approximately five years became apparent.
According to the analyst, the upper limit of the channel around $5,000 stands out as an important technical level for ETH. If ETH breaks above this region, the next target could be $8,800.
What’s the Situation for XRP? XRP is also among the assets that stand out in the analyst’s assessment. The analyst notes that a rising triangle pattern has formed on XRP’s monthly chart, with resistance around the $3.66 level.
The analyst states that a monthly close above this resistance could confirm the breakout, bringing the formation’s technical target to around $31.87.
Solana’s Technical Target is $2,744! The analyst believes a cup-and-handle pattern has formed on Solana’s monthly chart. According to the analyst, the neckline of the pattern is around $295. A monthly close above this level could strengthen the bullish scenario, and the technical target of the pattern could be around $2,744.
Finally, the analyst notes that these levels are projections based on technical analysis and should not be considered as definitive price targets or guaranteed results.
*This is not investment advice.
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Layer 2 network Blast announced it will cease operations, as ongoing network maintenance costs have exceeded revenue generated by the L2, with the team noting there is no viable path to achieving economic sustainability. The project is advising all users to withdraw on-chain assets and balances held in its PWA to the Ethereum mainnet, and plans to reduce withdrawal wait times to 24 hours. However, the team will first process the exit of Lido assets held by Blast, a process expected to take approximately one week, during which withdrawal functionality will be temporarily unavailable. Users can complete withdrawals via Blast’s regular interface by October 26. After the deadline, assets can still be retrieved but will require direct interaction with the Blast Bridge contract on Ethereum L1; the team will publish specific operation instructions ahead of the cutoff date.
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.
A large amount of long-dormant ETH moved on September 30, according to on-chain analytics platform Santiment. The coins that changed hands had been sitting untouched for a long time.
Exchange balances stayed stable. That combination matters, because old coins waking up usually sets traders bracing for a sell-off.
What the on-chain data shows Santiment’s reading for September 30 centered on a metric called age consumed. It rises when coins that have sat still for a long time suddenly move.
On September 30, that metric ran high. Yet exchange balances did not jump in step, which suggests those coins were not dumped onto trading venues all at once.
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Ethereum’s exchange netflow turned positive that day, with a net inflow of roughly 33.9k ETH, arriving amid otherwise stable exchange balances.
No significant price action or confirmed selling pressure was reported in connection with the September 30 transfers, based on available reports.
A month of wallets waking up On September 21, four wallets that had been inactive for more than two years collectively sent 48,047 ETH to Bitfinex, valued at approximately $130.7 million.
An early Ethereum holder who originally acquired 3,000 ETH at an average price of $18.80 back in 2017 sold 2,000 ETH by the end of the month, bringing in about $6.19 million. That investor still kept a third of the original stack.
Whale activity more broadly picked up sharply as well. Large-scale transfers surged nearly 500% week-over-week during September.
Breaking the September pattern ETH posted monthly gains of more than 9% in September 2026, running counter to the so-called September curse, the historically weak seasonal stretch that has made the month something of a running joke among crypto traders.
What this means for ETH holders Old coins moved, whales got busy, and inflows ticked up, but exchange reserves did not balloon and the price did not crack.
The roughly 33.9k ETH net inflow on September 30 shows some holders were positioning coins where they can be sold quickly. The 48,047 ETH sent to Bitfinex on September 21 adds to that picture.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Spot silver has fallen below the $60 threshold, currently trading at $59.916.
According to Bitget's market data, spot silver has fallen below the key psychological threshold of $60 per ounce, currently trading at $59.916, down 1.75% on the day.
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A crypto whale unstakes 956,600 SOL, valued at approximately $116 million.
According to Whale Alert, at 23:01 Beijing time today, an unknown wallet un-staked 956,610 SOL, valued at approximately $115.62 million.
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Layer 2 network Blast announces it is ceasing operations, requiring users to withdraw their assets to the Ethereum mainnet by October 26.
Layer 2 network Blast announced it will cease operations, as ongoing network maintenance costs have exceeded revenue generated by the L2, with the team noting there is no viable path to achieving economic sustainability. The project is advising all users to withdraw on-chain assets and balances held in its PWA to the Ethereum mainnet, and plans to reduce withdrawal wait times to 24 hours. However, the team will first process the exit of Lido assets held by Blast, a process expected to take approximately one week, during which withdrawal functionality will be temporarily unavailable. Users can complete withdrawals via Blast’s regular interface by October 26. After the deadline, assets can still be retrieved but will require direct interaction with the Blast Bridge contract on Ethereum L1; the team will publish specific operation instructions ahead of the cutoff date.
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The founder of Pons announced the official launch of its V3 mode, granting creators full autonomy to decide whether to adopt the Bonding Curve.
Pons founder Ozzy announced in a post that the platform has officially entered its V3 phase. Ozzy stated that V3 is primarily targeted at newly launched tokens, while V1 and V2 contracts will remain unchanged, so existing tokens require no adjustments. When asked whether V3 tokens will continue to use Bonding Curves, Ozzy responded that this choice will be left to token creators. In response to user feedback on issues such as insufficient visibility of Bonding Curves, Pons will hand over the relevant decision-making power to deployers. Ozzy also noted that V3 will bring more revenue, reduce "vampire" activities, improve trader mechanisms, minimize extractive practices, and emphasized that the community is its top priority.
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Maji has notched 10 consecutive wins in PUMP swing trading over the past five days, generating approximately $1.34 million in profit.
According to Lookonchain monitoring, trader Ma Ji has secured 10 consecutive wins in PUMP swing trades over the past 5 days, totaling approximately $1.34 million in profit. His current long positions include 33,950 ETH (valued at around $92.56 million), 409 BTC (worth ~$35.22 million), and 180,000 HYPE (valued at ~$16.16 million).
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Machi Wins 10 Consecutive $PUMP Trades, Profits $1.34M in 5 Days
Machi(@machibigbrother) has been doing well on $PUMP recently. He has won 10 $PUMP trades in a row over the past 5 days, making a total profit of $1.34M. Current long positions: 33,950 $ETH ($92.56M) 409 $BTC ($35.22M) 180,000 $HYPE ($16.16M)
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.
SlowMist Security’s Chief Information Security Officer 23pds published a post stating that Alex Shevchenko, General Manager of NEAR Intents, said the NEAR Intents exploit attacker transferred 1 BNB to a recovery wallet, leaving a message offering cooperation and requesting the other party to provide a Signal contact. This transfer originated from the same address that previously moved approximately $3.8 million in funds. About an hour ago, the same address also transferred 0.295 ETH on the Ethereum network, leaving the same message.
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Layer 2 network Blast announces it is ceasing operations, requiring users to withdraw their assets to the Ethereum mainnet by October 26.
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South Africa’s Absa Group has launched digital-asset custody services for institutional clients after receiving regulatory approval. The service supports Bitcoin, XRP Ledger, Ethereum and USDC, with plans to add more assets. Absa will provide safekeeping, administration and transfer services to asset managers, non-bank financial institutions and corporates. The bank plans to expand the service to other client segments and African markets, subject to regulatory approvals. South African crypto assets under custody reached R25.3 billion ($1.5 billion) by the end of 2024, according to the South African Reserve Bank.
Story Ends Here
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Bloomberg, Absa has become the first bank on the African continent to offer digital asset custody services, providing secure custody, management and transfer of digital assets to its South African institutional asset clients—including asset management firms, non-bank financial institutions and corporates. The bank has obtained approval from South African regulators for the custody service, which currently supports Bitcoin, Ethereum, XRP and USDC. Absa plans to expand its service scope to cover more assets.
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Maji has notched 10 consecutive wins in PUMP swing trading over the past five days, generating approximately $1.34 million in profit.
According to Lookonchain monitoring, trader Ma Ji has secured 10 consecutive wins in PUMP swing trades over the past 5 days, totaling approximately $1.34 million in profit. His current long positions include 33,950 ETH (valued at around $92.56 million), 409 BTC (worth ~$35.22 million), and 180,000 HYPE (valued at ~$16.16 million).
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Data: Multiple crypto projects will see large VC and team token unlocks in Q4, with Monad expected to unlock tokens worth 131.6% of its current market capitalization.
According to CryptoRank data, the fourth quarter of 2026 will bring the first major token unlock after the initial cliff period for multiple crypto projects, affecting investors, teams, early supporters and other early participants, which may exert new pressure on token supply. Projected unlock values are as follows: MON at roughly $521 million, STABLE at ~$353 million, KITE at ~$119 million, LIT at ~$52 million, PIEVERSE at ~$46 million, and ALLO at ~$43 million. CryptoRank notes that Monad (MON) will see the largest unlock among these projects, valued at approximately $521 million, equivalent to 131.6% of its current market capitalization.
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.
Bitcoin tests resistance as Ethereum and XRP consolidate, while Quant and Lighter retreat. Key chart levels and conditional scenarios for October 2, 2026.
Asset Price Rolling 24-hour change Aggregate 24-hour volume Bitcoin (BTC) $85,551 +2.19% $34.93 billion Ethereum (ETH) $2,719.30 +0.89% $14.24 billion XRP $1.51 +0.70% $2.53 billion Quant (QNT) $250.12 −15.80% $453.03 million Lighter (LIT) $3.79 −6.39% $93.07 million Bitcoin Tests $85,520 After a Stronger Daily Close Bitcoin closed October 1 at $84,842, gaining 1.51% from the previous session’s $83,578. The daily high of $85,183 remained below the $85,210–$85,520 resistance zone identified in yesterday’s report, so the completed candle preserved the existing range.
Bitcoin’s October 1 close remained below resistance while its 20-day SMA rose to approximately $81,684. Friday’s later $85,551 quote edged above that zone. This is an intraday move; it does not establish a daily closing breakout. The distinction matters because September 30 also saw price push higher before retreating into the close.
The 20-day simple moving average rose from approximately $81,302 to $81,684. Price remains above this rising average, supporting the broader recovery from mid-September even as the shorter-term range remains unresolved.
A daily close above $85,520, followed by a successful retest, would strengthen the case for revisiting the September 21–23 highs around $87,250–$87,330. A close back inside the range would leave that upside scenario unconfirmed.
On the downside, October 1’s $83,182 low is the nearest session reference, followed by the $82,580–$82,950 support area. Losing $82,580 on a daily close would weaken the consolidation and bring the rising 20-day average into focus.
Ethereum’s MACD Improves Beneath $2,743 Resistance Ethereum ended October 1 at $2,705.30, up 0.77% from $2,684.57. Its $2,720.25 session high remained beneath the $2,737–$2,743 resistance cluster, leaving the same ceiling in place despite a firmer close.
Ethereum remains beneath $2,743; four-hour MACD shows a positive histogram at the completed-candle cutoff. Four-hour MACD, using 12, 26 and 9-period settings, offers a cautiously stronger short-term reading. The MACD line crossed above its signal on the completed candle ending October 1 at 12:00 UTC and remained above it through the chart cutoff.
At 00:00 UTC on October 2, the line stood near 2.95 and the signal near 0.78. The positive histogram widened from 1.44 to 2.17 over the latest bar. That expansion reflects improving momentum after the crossover, rather than a new crossover on the final candle. Both lines were above zero.
Price confirmation remains separate. A daily close above $2,743 would reopen the $2,787–$2,804 September highs. A subsequent fall below the reclaimed resistance would weaken that breakout scenario.
October 1’s $2,674 low provides an initial support reference. Below it, the $2,635–$2,658 area contains several recent session lows. A daily close below $2,635 would break that support structure and undercut the improving short-term momentum signal.
XRP Holds Above Its Bollinger Midpoint XRP again closed near $1.49 on October 1 after trading between approximately $1.48 and $1.51. The rounded daily feed shows little change from September 30, while Friday’s later quote of $1.51 still sat beneath the established $1.53–$1.56 resistance band.
XRP holds above its daily Bollinger midpoint, near the $1.45–$1.47 support zone. Daily Bollinger Bands, calculated with a 20-day simple moving average and two population standard deviations, place the midpoint near $1.448. The upper band stood near $1.629 and the lower band near $1.267 at the completed daily close.
XRP remains above the midpoint but has not reclaimed the recent horizontal highs. The bands provide context for the trading range; being above their midpoint alone does not confirm that another advance has started.
The midpoint now overlaps the lower edge of the $1.45–$1.47 support zone. A daily close below $1.45 would weaken this base and expose earlier trading areas near $1.41 and $1.37. The lower band is a changing volatility measure, not an automatic downside destination.
Conversely, a daily close above $1.56 would clear the nearby resistance band and support a retest of $1.61–$1.66. A return below $1.53 after such a break would weaken the recovery case. Compared with yesterday, the principal horizontal levels remain intact.
Quant Loses Yesterday’s Retracement Support Quant’s October 1 candle closed at $245.16, down 14.54% from $286.87. The session reached $305.07 before falling to $242.22, leaving the close near the day’s low and below the $261.50–$276.75 retracement area discussed yesterday.
Quant closed below the 61.8% retracement of its September 28–30 rebound. The Fibonacci anchors remain the September 28 low of $196.87 and September 30 high of $326.12. Measuring the pullback from that upward swing gives $276.75 at 38.2%, $261.50 at 50%, and $246.24 at 61.8%.
The completed daily close fell just below the 61.8% level. Friday’s $250.12 quote subsequently recovered above it, but a live reclaim does not yet reverse the daily loss of support.
Holding the $242.22 session low and closing back above $246.24 would be an initial stabilization signal. A stronger recovery would require a close above $261.50, followed by a challenge to $276.75. The former support area therefore becomes the immediate recovery test.
A daily close below $242.22 would instead leave the September 29 low of $205.52 and September 28 low of $196.87 as the next visible references. That downside scenario would weaken if QNT reclaimed and held $261.50.
Lighter Remains Near Its Recent Lows Lighter closed October 1 at $3.81, down 3.54% from $3.95. Its daily high stalled at $4.11 for a second consecutive session, while the $3.76 low remained above the September 29–30 lows of $3.65–$3.66.
Lighter consolidates above $3.65–$3.66; four-hour Wilder RSI stands at 36.17. The daily sequence shows a decline from September 24’s $5.54 high toward those lows, with repeated lower highs preceding the latest consolidation. The two sessions capped at $4.11 have not yet reversed that structure.
Four-hour RSI, calculated over 14 periods with Wilder smoothing, fell from 38.90 to 36.17 on the latest completed candle. The reading remains below the neutral 50 line, indicating subdued momentum, but above the conventional 30 oversold threshold. It does not establish a reversal signal.
A daily close above $4.11 would be the first clearer recovery confirmation. Holding that level could bring the earlier $4.32–$4.45 trading area back into view; RSI recovering above 50 would provide supporting momentum evidence.
A daily close below $3.65 would break the recent floor and invalidate the developing base. The available daily window contains no lower established swing low, so a deeper technical target is not assigned. Any recovery above $4.11 would lose credibility if price subsequently fell back below $3.95.
TLDR An attacker drained about $305,000 from two Ethereum Safe wallets by exploiting a third party contract called FlashLoopAdapter. The flaw let a fake Safe contract pass access checks meant only for real wallets. The attacker used a Morpho flash loan to repay about 1,335 WETH of Aave debt, then withdrew about 1,306 weETH in collateral. Aave founder Stani Kulechov said the adapter was built on top of Aave and had “zero effect on Aave v3.” The attacker kept about 114.1 ETH after repaying the flash loan. A custom contract used to manage leveraged Aave v3 positions on Ethereum has been exploited. Two Safe wallets lost about $305,000 after an attacker got around the contract’s access controls.
The contract, called FlashLoopAdapter, was a third party tool built on top of Aave. It was not part of the core Aave v3 protocol.
Defimon Alerts detected the attack at 15:08:57 UTC on Oct. 1. The monitoring service said Aave v3 itself was not affected.
FlashLoopAdapter is a Safe module that opens/closes Aave v3 leveraged loops for the Safes that enable it. open()/close() trust any msg.sender that answers… pic.twitter.com/uFwSQ69Lpv
— Defimon Alerts (@DefimonAlerts) October 1, 2026
How the FlashLoopAdapter Exploit Worked FlashLoopAdapter was a Safe module. Wallets that turned it on could use it to open and close leveraged positions, also called looping strategies, through Aave v3.
Blockchain security firm SlowMist said the flaw was in the access controls for the adapter’s open() and close() functions. The functions only asked the caller whether the module was enabled, instead of confirming the caller was a real Safe.
🚨SlowMist TI Alert🚨
💸 @aave v3 Loop Safe Module Loss: ~114.09 ETH
🔍 Root Cause: FlashLoopAdapter's open()/close() access control only checks ISafe(msg.sender).isModuleEnabled(address(this)), which is spoofable via a fake Safe that always returns true. Its _swap() then…
— SlowMist (@SlowMist_Team) October 2, 2026
That gave the attacker an opening. They deployed a fake Safe contract that simply answered “yes” when the adapter ran its check.
Defimon Alerts said later checks during the callback also failed to stop the attack. This was because the attacker’s contract also acted as the flash liquidity provider.
Another function, _swap(), let the caller choose both the swap router and the data sent to it. The attacker set the router to one of the victim Safe wallets and used the data to call execTransactionFromModule, a Safe function that lets an enabled module execute transactions.
Since the victim Safe had already enabled FlashLoopAdapter, the call went through.
Attacker Repaid Aave Debt to Unlock Collateral The attacker took a WETH flash loan from Morpho. They used it to repay about 1,335 WETH of Aave debt owed by the first Safe.
Repaying the debt freed up the collateral behind the leveraged position. The attacker then made the Safe withdraw about 1,306 weETH to an address they controlled.
A second Safe lost another 6.4 weETH through the same module. Defimon said both wallets had the same single owner.
Part of the weETH was swapped into WETH to pay back the flash loan. Because most of the funds went toward repaying debt, the large withdrawal does not reflect the attacker’s actual profit.
Aave founder and CEO Stani Kulechov said the affected contract was an external adapter and had “zero effect on Aave v3.”
This is not the first Safe module incident this year. In May, an exploit involving the SquidRouterModule took about $3 million to $3.2 million from 86 wallets on Ethereum and Base, and in September, BlockSec traced an attempted exploit of about 2,900 rsETH to weak checks in a contract tied to a Safe module.
SlowMist identified the attacker’s address as 0x42c2633438609881c8fBAb82414eb9A0c45F9353. The firm classified the incident as a smart contract vulnerability.
According to Defimon Alerts, the attacker kept about 114.1 ETH, worth around $305,000 when the incident was reported.
Blockchain anti-money laundering platform AMLBot stated that attackers linked to the Bitget hack allegedly confused Ethereum and Arbitrum twice during the transfer of stolen funds, causing approximately $700,000 in assets to become stuck. Around 267,000 USDC was sent to Chainflip’s deposit channel on the wrong chain, and the associated address was subsequently blacklisted by Circle. Separately, roughly 160 ETH (worth about $430,000) was bridged to Arbitrum but then sent to a channel exclusive to Ethereum, leaving the funds stranded. AMLBot believes both transactions were likely executed by automated scripts.
Citigroup raised its 12-month Bitcoin (BTC) price target to $113,000 from $82,000, betting that exchange-traded fund (ETF) buyers keep returning. Its Ethereum (ETH) forecast rose to $3,028, leaving far less room above the current price.
Fund flows turned against that bet the same day. US spot Bitcoin ETFs shed $148.69 million on September 30, the date of Citi’s note.
Why Did Citi Reverse Its June Cut So Quickly?Citi analyst Alex Saunders tied the revision to improvement across every input the bank tracks.
“The increase draws from all three components of our process: activity, macro, and ETF flows. Debasement fears alongside SEC agency rulemaking, spurred paradoxically by the failed Clarity Act, helped crypto reclaim technical levels,” Saunders said.
The flow assumption shows how far the outlook swung. Citi’s June 30 note, reported by Reuters, cut its 12-month ETF inflow estimate to zero from $10 billion.
That note also lowered Bitcoin to $82,000 from $112,000 and Ethereum to $2,240 from $3,175. At the time, BTC traded near $59,000 and ETH near $1,600.
Citi now expects $5 billion of inflows over 12 months, arriving as advisers and brokerages raise Bitcoin allocations gradually.
Saunders also pointed to the charts, saying ETF inflows resumed as prices broke above their 200-day moving averages. Bitcoin logged a September 8 golden cross, when its 50-day average rose above the 200-day line.
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Does Ethereum’s Target Leave Room After a 71% Rally?Bitcoin and Ethereum have gained 42.7% and 70.8% in Q3, Coinglass data showed. Their year-to-date losses have narrowed to about 3% and 8.4%. Bitcoin also posted its first all-green third quarter on record.
BTC traded at $84,591 at press time, up 1.18% over 24 hours, per BeInCrypto Markets data. Citi’s target sits about 34% higher.
Bitcoin (BTC) Price Performance. Source: BeInCrypto MarketsIt also tops the $100,000 call for 2027 from VanEck’s head of digital assets research, Matthew Sigel. Demand heading into October looks thinner, though.
Bitcoin ETF demand cooled late in September, while CryptoQuant estimates apparent spot demand shrank by 170,000 BTC in 30 days.
ETH traded at $2,699.46, up 0.34% on the day, so the new forecast implies only about 12% upside. Even the raised figure stays below the $3,175 target Citi held before June 30.
Ethereum (ETH) Price Performance. Source: BeInCrypto MarketsThe supply factors remain supportive, though. Santiment data last week put just 3.49% of ETH supply on exchanges, leaving fewer coins to sell. Ethereum ETFs, however, ended a 7-day inflow streak on September 29.
Citi’s June cut and latest upgrade both moved with its ETF flow assumption. Fund data through the Fed’s October 27 to 28 meeting should show whether that inflow assumption holds up.
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PANews reported on October 2 that Variant Fund investment partner Alana Levin said in her Q4 2026 market outlook that the crypto market bottom most likely appeared at some point in July. She had written in early July that the bottom seemed near, when Bitcoin was at $59,000, Ethereum at $1,600, and ZEC at $420. She said the question has shifted to whether the bull market is a genuine launch or a false rally, and which projects benefit most in an early bull market, assuming the market is in the early stages of a new crypto bull run.
Levin said the growing consensus is that marginal capital is most likely to flow to value-storage protocols that function as money, as well as protocols capable of generating revenue. She believes Bitcoin is currently the dominant digital store-of-value asset, and other competing assets may be valued based on the ratio of their market cap to Bitcoin's market cap and how that ratio changes. For revenue-generating protocols, she expects investors to examine whether revenue comes from crypto-native activity (such as Pump) or traditional finance activity (such as Hyperliquid), whether it persists during market pullbacks, and profit margins; projects with exposure to real-world assets and stablecoin growth, that are positioned to attract institutional users, and that remain founder-led after surviving a bear market are more likely to command higher multiples.
She also listed on-chain projects that can be benchmarked against non-crypto businesses as a third category, believing most of them are narrative trades rather than long-term investments, with themes including AI-related directions such as routing, inference, compute, data collection, and interfaces, and she doubts whether blockchain is needed in most scenarios; if such projects clearly outperform, she would view it as a signal that the market is approaching a top.
The system, built with the Open Anonymity Project, implements a design Ethereum co-founder Vitalik Buterin and Ethereum Foundation dAI Lead Davide Crapis published in February.
The Ethereum Foundation on Thursday launched zkAPI, a system that lets users pay for AI models and other metered APIs without revealing who they are, according to a blog post published Thursday.
The Foundation built zkAPI with the Open Anonymity (OA) Project, an open-source AI privacy effort, and it is live on Ethereum mainnet, the Foundation said in a blog post.
"Every AI API call today carries an identity," the post said. "Your API key points to an account, the account to a payment method, and every prompt you send joins the record attached to both. The provider can connect years of your usage into a single profile."
"It's like a generalization of OA unlinkable inference that also abstracts payments away," Ken Liu, a Stanford computer science PhD candidate who works on the Open Anonymity Project, said in an X post on Thursday afternoon. He added that "more infrastructure should exist where privacy and sovereignty is foundational and people are in control."
How zkAPI works To use zkAPI, users must first deposit tokens such as ETH (ETH) or USDC into a vault contract on Ethereum, which records the user's balance as a private note, according to the post. To spend the tokens, software on the user's device generates a zero-knowledge proof which shows that its request is backed by a funded note, though it does not reveal which note or deposit funds it.
A zkAPI server checks the zero-knowledge proof and issues a temporary API key with a spending cap. The user then sends their prompts directly to the AI model provider along with that key, and when it expires, the server deducts the usage from the user's private balance.
A serial number called a "nullifier" is also published each time a user pays for AI usage. "A user who tries to spend the same balance twice produces a duplicate nullifier, which exposes the attempt and nothing else," the post states.
The client works with existing AI tools, per the post. "The client exposes the standard OpenAI and Ollama APIs on your own machine," the post states. "Existing apps, editors, and chat clients work by pointing them at localhost."
Use cases and limitations The post lists AI chat and agents as the first use case. Other listed applications include blockchain RPC queries, image and video generation, VPN bandwidth and machine-to-machine payments between AI agents.
The zkAPI system does not provide network anonymity, however, according to the post. The gateway can potentially correlate requests sent from a stable IP address, and users seeking stronger privacy may route traffic through Tor, an anonymity network that relays traffic through several servers and is commonly used by so-called "dark web" sites, per the post.
Sessions can also be re-linked through the content of prompts, such as personal details, writing style or conversation history. The zkAPI project's GitHub repository describes the protocol as experimental.
Design co-authored by Vitalik Buterin zkAPI implements "ZK API Usage Credits," a design Davide Crapis and Ethereum co-founder Vitalik Buterin published on the Ethereum Research forum on Feb. 11.
Crapis leads the Ethereum Foundation's dAI team, which the Foundation formed in September 2025 to improve Ethereum's capabilities as a settlement and coordination layer for AI. The team also developed ERC-8004, a standard for AI agent identity that launched on mainnet in January.
The blog post announcing zkAPI was written by Vittorio Rivabella of the dAI team.
Buterin pointed to cryptographic payment mechanisms for AI services as part of his near-term vision for Ethereum's role in AI in a February X post.
MetaMask disclosed on September 30 that it is responding to a security incident affecting part of its infrastructure, and its staking arm is proactively exiting the Ethereum validators it operates in the Lido protocol as a precaution. The validator business, formerly known as Consensys Staking, said it identified no immediate threat to MetaMask wallets and stressed that its staking operations are non-custodial, meaning the company does not manage withdrawal keys for client stake.
Lido confirmed the move in a governance-forum disclosure, saying the final validators are expected to be exited, though not fully withdrawn, by the end of October 7. No action is required from stETH holders, and the exited ETH is expected to flow back into the protocol gradually over roughly 45 days as validators complete the exit, withdrawal and re-entry cycle.
An infrastructure compromise, not a wallet breach MetaMask’s September 30 statement said it is “actively addressing and remediating the issue internally, in coordination with external partners and security advisors.” A follow-up on October 1 added that there is “no indication that MetaMask wallets or customer funds have been affected.”
The distinction matters because an Ethereum validator runs on two keys: a signing key that votes on blocks, and withdrawal credentials that decide where staked ETH can go. Because MetaMask does not hold withdrawal keys, an attacker who reached the signing side could not move the underlying ETH, though a misused signing key could in theory trigger slashing penalties. Exiting the validators before that risk can be exploited is the point of the move.
What stakers should expect For stETH holders, the disclosure requires no immediate action. The operators could forgo some rewards during the exit window and may face downtime penalties if validators are taken offline to reduce network-penalty risk. Lido said the ETH is expected to return to the protocol as validators complete their exit, withdrawal and re-entry, a cycle estimated at up to 45 days given the extended entry queue.
The incident is the latest test of how tightly decentralized finance rests on a shared set of validator operators. Lido’s node operator set and security systems, including an ad hoc reserve fund of more than 6,750 stETH, are designed to contain disruptions to protocol operations.
Investigation ongoing MetaMask has not said whether the compromise originated in its own systems, within Lido’s infrastructure, or with a third-party vendor, and it has not detailed what was accessed. A full investigation is underway with external security advisors, and the company said it will share further verified information as it becomes available.
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According to monitoring by Onchain Lens, VanEck sold BTC and ETH worth approximately $10.76 million via Gemini, including 45.41 BTC (valued at around $3.84 million) and 2,570 ETH (valued at roughly $6.91 million).
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Aave founder responds: The module in question is a third-party external adapter, not the Aave v3 contract that was affected.
In response to SlowMist’s report that a Safe module used in Aave v3’s loop strategy was exploited, causing losses of roughly 114.09 ETH (about $310,000), Aave founder Stani Kulechov said the incident was not an attack on the Aave v3 contract itself. Kulechov noted the involved module is a third-party external adapter built on top of Aave v3, adding the event had no impact on Aave v3 itself. Earlier BlockBeats reports indicated the Aave v3 Loop Safe module was attacked, with the attacker exploiting an access control flaw in the FlashLoopAdapter’s open()/close() functions. The hacker stole approximately 114.09 ETH from two Safe multi-sig addresses by forging Safe authentication and executing arbitrary modules, then repaid around 1,300 WETH in debt to unlock collateral.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum’s zkAPI is now live on mainnet, turning an earlier zero-knowledge API payment proposal into a working implementation for private, prepaid access.
The Ethereum Foundation announced on Thursday that zkAPI, a system built with the Open Anonymity Project to let users pay for AI and other API services without revealing their billing identities, has gone live on Ethereum mainnet.
Users deposit funds into an Ethereum vault, then use zero-knowledge proofs to prove they have enough credit to pay for API requests without revealing which deposits are theirs, according to a post from Vittorio Rivabella, AI coordinator at the Ethereum Foundation’s dAI team.
One of the immediate use cases of the system is paying for the use of AI without linking the payment to a user. zkAPI issues short-lived API keys with predefined spending limits. Prompts are sent directly to the AI provider, while usage is settled separately through the payment layer. The project has also released a local client and software development kit, along with a browser-based AI chat implementation.
The launch follows a February proposal by Ethereum Foundation researcher Davide Crapis and Ethereum co-founder Vitalik Buterin for ZK-based API usage credits. The new release turns that design into a working mainnet implementation.
The concept was presented as a way to give users private, prepaid access to AI and other metered APIs. However, zkAPI does not hide prompt contents or network metadata from providers, meaning users can still potentially be linked across sessions through IP addresses, timing or information contained in their requests.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Ethereum’s zkAPI is now live on mainnet, turning an earlier zero-knowledge API payment proposal into a working implementation for private, prepaid access.
The Ethereum Foundation announced on Thursday that zkAPI, a system built with the Open Anonymity Project to let users pay for AI and other API services without revealing their billing identities, has gone live on Ethereum mainnet.
Users deposit funds into an Ethereum vault, then use zero-knowledge proofs to prove they have enough credit to pay for API requests without revealing which deposits are theirs, according to a post from Vittorio Rivabella, AI coordinator at the Ethereum Foundation’s dAI team.
One of the immediate use cases of the system is paying for the use of AI without linking the payment to a user. zkAPI issues short-lived API keys with predefined spending limits. Prompts are sent directly to the AI provider, while usage is settled separately through the payment layer. The project has also released a local client and software development kit, along with a browser-based AI chat implementation.
The launch follows a February proposal by Ethereum Foundation researcher Davide Crapis and Ethereum co-founder Vitalik Buterin for ZK-based API usage credits. The new release turns that design into a working mainnet implementation.
The concept was presented as a way to give users private, prepaid access to AI and other metered APIs. However, zkAPI does not hide prompt contents or network metadata from providers, meaning users can still potentially be linked across sessions through IP addresses, timing or information contained in their requests.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
According to Farside’s monitoring, the total net inflow of U.S. spot Bitcoin ETFs reached $102.7 million yesterday. Breakdown: BlackRock’s IBIT saw a net inflow of $195.6 million; Fidelity’s FBTC posted a net outflow of $60.7 million; Bitwise’s BITB recorded a net outflow of $6.9 million; Ark Invest/21Shares’ ARKB had a net outflow of $7.7 million; Invesco’s BTCO posted a net outflow of $4.2 million; VanEck’s HODL saw a net outflow of $3.6 million; Grayscale’s GBTC recorded a net outflow of $31.4 million; Morgan Stanley’s MSBT posted a net inflow of $7 million; Grayscale Bitcoin Mini Trust (BTC) had a net inflow of $14.6 million; Franklin Templeton’s EZBC, CoinShares’ BRRR, and WisdomTree’s BTCW reported no inflows or outflows. Meanwhile, the total net outflow of U.S. spot Ethereum ETFs yesterday stood at $55.4 million. Details: Fidelity’s FETH posted a net outflow of $23.5 million; Bitwise’s ETHW had no inflows or outflows; VanEck’s ETHV recorded a net outflow of $6.9 million; Franklin Templeton’s EZET posted a net outflow of $6.1 million; Grayscale’s ETHE saw a net outflow of $20.4 million; 21Shares Core Ethereum ETF had a net inflow of $1.5 million; BlackRock’s ETHA and ETHB, 21Shares’ TETH, Invesco’s QETH, and Morgan Stanley’s MSSE reported no inflows or outflows.
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.
The Ethereum Foundation has announced the launch of zkAPI, a privacy-focused system developed together with the Open Anonymity Project, which enables users to pay for AI and other API services on Ethereum mainnet without revealing their billing identities.
How zkAPI worksAccording to Vittorio Rivabella, AI coordinator at the Ethereum Foundation’s dAI team, the system allows users to deposit funds into an Ethereum vault and utilize zero-knowledge proofs to verify available credit for API requests. This mechanism ensures that while payments are validated and processed, the identity of individual depositors remains undisclosed.
zkAPI issues short-lived API keys with defined spending limits, and these keys are then used by customers to access provider services. Prompts are submitted straight to the AI provider, while billing and payment settlements occur separately through the zkAPI protocol’s dedicated payment layer.
The project also introduced a local client and software development kit, enabling integration with developer tools. A browser-based AI chat implementation showcases how users can interact with AI models while maintaining payment privacy.
Background and technical detailsThis release brings to production a concept outlined in a February proposal by Ethereum Foundation researcher Davide Crapis and Ethereum co-founder Vitalik Buterin, which envisioned using zero-knowledge-based API usage credits. With its mainnet deployment, the model now offers real-world private, prepaid access to AI and other metered API services.
For users seeking privacy, the system provides a way to pay for services without linking payments to their identities. Nevertheless, zkAPI does not shield prompt contents or network metadata from providers, and it is still possible for users to be tracked across sessions through identifiers like IP addresses, timing, or specifics in their requests.
Expanding private transactions in cryptoThe drive for privacy-centric payments aligns with broader trends in the Ethereum ecosystem to make DeFi, AI, and ancillary services more secure and confidential. As privacy remains a core concern for many blockchain developers and end-users, tools like zkAPI can provide options for maintaining sensitive information separate from on-chain identities or payment histories.
Technical innovations such as zero-knowledge proofs, crucial to zkAPI’s approach, are increasingly being adopted for a range of use cases involving verifiable, permissioned access across Ethereum’s protocols.
In the context of fast-moving markets and rapid user adoption cycles, technical monitoring and awareness of novel trends are vital. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000, stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.
In related developments, privacy and network security remain in focus as platforms like MetaMask recently withdrew from Ethereum validator duties following a security incident that was not publicly detailed.
MetaMask disclosed a security incident on October 1, affecting part of its staking infrastructure and triggering a large-scale precautionary exit of Ethereum validators. The company said it had found no indication that customer wallets or funds were compromised.
Thousands of Validators Pulled From Lido
Security researcher Kaden estimated that around 17,000 validators holding roughly 523,000 $ETH were sent toward exits.
a relatively contained figure given the scale of the exit.
Lido Confirms Exits, Sets October 7 Deadline
Sources:
The Hacker News: MetaMask Security Incident Prompts Exit of Affected Ethereum Validators
Crypto Times: MetaMask Says Wallets Are Safe After a Staking Issue Forced an Exit From Lido Validators
CryptoPotato: MetaMask Confirms Security Incident and Begins Validator Exits to Protect Client Assets
2 October 2026 | 07:43 The Ethereum Foundation and Open Anonymity Project have launched a system designed to let people pay for AI services without tying requests to a permanent billing identity.
Key Takeaways Payment proofs hide which deposit funds usage. AI providers still see prompts and responses. Users are charged for actual service usage. Unused balances have withdrawal and expiry conditions. The software is live but remains experimental. The tool, called zkAPI, went live on Ethereum’s main network on October 1, according to the Foundation’s announcement. It builds on a February 11 proposal by Vitalik Buterin and Davide Crapis.
When a writing application asks an AI model to produce an answer, it sends an API request. A conventional API key connects that request to a customer account, which may also contain billing details. Over time, the provider can associate the customer with a history of questions about work, finances and other personal matters.
zkAPI separates the check that a request can be paid for from the conversation itself. As the Foundation puts it:
“The provider sees the requests, and the payment layer sees the spend.”
How an AI session gets paid for Someone using that writing application to explore a career change would first fund an Ethereum vault. The current client’s documentation describes ETH deposits, with the software keeping a private record of the balance and the information needed to spend it. This record is called a note. Because the balance remains in ETH, its dollar value can change between sessions, as the billing documentation explains.
To start a session, the software generates a zero-knowledge proof showing that sufficient funds are available without identifying the deposit. A unique spending marker, called a nullifier, prevents the same spending state from being used for a second authorization.
Once the proof passes, the server issues a temporary API key with a spending limit. The writing application uses it to contact the AI service directly, keeping the conversation outside the payment server.
Suppose the user authorizes up to $1 for a session but consumes only $0.30. The balance is reduced by the measured charge, while the unspent funds remain available under the vault’s rules. The figures are illustrative: the spending limit is a maximum, rather than an automatic charge.
One deposit can support repeated usage because the payment proofs and accounting operate off-chain. Ethereum transactions are involved when funding or closing the balance, so each prompt does not require a separate blockchain payment.
What the AI provider can still see In this direct-to-provider setup, different participants receive different information. The AI service still receives the text needed to answer the user:
Participant What remains visible Payment server Checks payment authorization and accounts for usage; it does not receive the prompts in this setup. AI service Receives prompts, responses and the temporary session key. Public blockchain Records deposits and withdrawals. If the user uploads a CV containing their name and employer, the AI service could identify them despite the private payment. Repeated documents or conversation history could also connect separate sessions.
Requests made with the same temporary key can still be grouped into one session. IP addresses and timing may provide further links between sessions, even when the payment proof conceals the funding deposit.
The launch post also describes a proxy option that sends requests through the payment server. That relay sees traffic, giving it more visibility than the direct-to-provider setup.
What to know before funding the vault Users can access the system through OA Chat or a local client for compatible applications. The project repository labels the protocol experimental, making its withdrawal rules and security assumptions relevant before funding a balance.
Under the current protocol documentation, users can close a balance with the server’s approval or use a separate withdrawal route without it. The latter includes a challenge period, set to 24 hours by default. Notes also have expiry dates, after which an unclosed note can be claimed by the treasury. Users therefore need to account for those dates when deciding when to withdraw remaining funds.
The proof system uses initial cryptographic parameters generated by one party. Its security documentation notes that the published files do not establish that the setup’s secret material was destroyed. Users therefore have to trust that this sensitive material was handled securely.
The payment model could extend to other services The February proposal also considered paid blockchain queries and other services charged by usage. A wallet or automated application could buy access using the same payment principle, with spending limited by its available credits.
Ethereum supplies the funding and settlement infrastructure while remote services perform the requested work. That division connects zkAPI to the wider use of cryptographic proofs discussed in recent coverage of Ethereum’s evolving infrastructure.
Wider adoption will depend on applications displaying charges and withdrawal deadlines clearly while handling proof generation in the background. Users should be able to assess the cost and privacy of a session without managing the cryptographic machinery themselves.
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.
Social sentiment around $XRP has dropped to its most negative point since August 17, according to data from on-chain analytics firm Santiment. The reading marks a sharp shift in crowd psychology as October begins, with pessimism now clearly dominating online discussion of the token.
Bearish Comments Overwhelm the Conversation Santiment recorded a bullish-to-bearish comment ratio of just 0.67 for XRP, meaning there were roughly 67 optimistic remarks for every 100 pessimistic ones across major platforms. A ratio below 1.0 means negative commentary represents the majority of tracked discussions on X, Reddit, Telegram, and other crypto communities.
The pessimism is not isolated to XRP. Ethereum sentiment has also softened, with its bullish-to-bearish ratio falling to 0.89, its weakest reading since June 7. While both assets are under social pressure, XRP's reading is notably more severe.
The mood shift comes despite a period of relative price activity. Brief surges of optimism coincided with a September rally, but by early October, sentiment had slid back toward the lower end of its recent range. Some in the community have pointed to frustration that positive developments on the XRP Ledger, including institutional adoption progress, have yet to translate into sustained price gains.
A Contrarian Signal Worth Watching Santiment has long framed extreme crowd pessimism as a potential contrarian indicator rather than a straightforward sell signal. The firm's reasoning is that when social media is saturated with bearish expectations, a substantial portion of those inclined to sell may have already done so, leaving room for the market to move against the prevailing mood.
Santiment has previously noted that elevated fear and uncertainty can sometimes precede price stabilisation or rebounds. That said, the firm cautions that sentiment indicators can shift quickly and do not guarantee a near-term reversal. Prices can continue to decline even as pessimism intensifies.
For now, the data reflects a market where crowd emotion has turned sharply negative. Whether that exhaustion translates into a buying opportunity or simply reflects a broader period of weakness remains to be seen.
Sources:
Bitcoin.com News: XRP Sentiment Turns Bearish as Bullish-to-Bearish Ratio Hits 0.67
U.Today: XRP Sentiment Crashes to Lowest Level Since August
EIP-8363, which envisioned burning a portion of Ethereum validator rewards, was removed from the Hegota update, but the supply debate will continue.
EIP-8363, which proposed burning a portion of validator rewards as the amount of ETH staked increases, has been removed from Ethereum’s Hegota update.
The EIP-8363 proposal, which aimed to burn a portion of the rewards earned by Ethereum validators, has been withdrawn from the evaluation process for the Hegota network update. Jérôme de Tychey, a co-author of the proposal and President of Ethereum France, stated that they agreed with the view that it would be inappropriate to decide on changes of a monetary policy nature within the process that defines the scope of the network update.
EIP-8363 proposed burning an increasing portion of validator rewards as the staked ETH rate on the Ethereum network increases. Proponents of the proposal argued that excessively high staking rates could centralize the validator structure and weaken ETH’s monetary role.
However, industry participants and Ethereum core developers indicated that a broader discussion was needed regarding the proposal’s potential impact on security, economic incentives, and solo validators. How the burning curve would be calculated, the impact of liquid staking protocols, and the structure of the validator set were among the main points of contention.
The withdrawal of the proposal does not mean that the idea of reducing or burning staking rewards on Ethereum has been completely abandoned. The authors of the EIP plan to conduct a review process for ETH supply policy independent of the network update.
According to the new schedule, one of the first comprehensive meetings will be held at the Devcon event in November. A new forum is being considered for January at the cryptoeconomics workshop at Columbia University. Technical workshops are planned for February and March, and a more concrete proposal will be worked on with developers at the EthCC event in April.
Therefore, EIP-8363 is not expected to be implemented in the Hegota update. However, the discussion about Ethereum’s long-term supply and staking incentives will continue in a separate process.
*This is not investment advice.
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Kripto para piyasası ekim ayına güçlü bir başlangıç yaparken Bitcoin 86 bin dolar seviyesini yeniden aştı. Toplam piyasa değeri son 24 saatte yüzde 1,22 yükselerek 2,92 trilyon dolara ulaşırken, Bitcoin TSİ 09.04 itibarıyla yüzde 2,13 artışla 86.011 dolardan işlem gördü. Piyasadaki hareketlilikte ETF akışları, ABD düzenlemeleri ve istihdam verileri öne çıkıyor.
Ethereum yüzde 0,33 yükselerek 2.724 dolara çıkarken XRP yüzde 0,78 artışla 1,51 dolara ulaştı. Solana ise yüzde 2,18 değer kazanarak 121,93 dolara yükseldi. Altcoin tarafında LayerZero yüzde 10,42 ile günün en güçlü yükselişini kaydederken Quant yüzde 13,84 düşüşle en fazla değer kaybeden varlık oldu.
Bitcoin Yükselişini ETF Girişleri Destekliyor Mu? Bitcoin hareketinde kurumsal sermaye akışları dikkat çekiyor. 1 Ekim tarihinde spot Bitcoin ETF’lerine toplam 102,67 milyon dolarlık net giriş gerçekleşti. Aynı gün spot Ethereum ETF’lerinde ise 55,37 milyon dolarlık net çıkış görüldü.
Altcoin ETF’lerinde tablo daha karmaşık bir görünüm sundu. XRP ETF’leri 4,07 milyon dolar, HYPE 4,96 milyon dolar, LINK 2,62 milyon dolar, NEAR 8,08 milyon dolar, AVAX 267,84 bin dolar ve HBAR ETF’leri 2,10 milyon dolar net giriş aldı.
Buna karşılık SOL ETF’lerinden 5,91 milyon dolar, ZEC ETF’lerinden ise 28,26 milyon dolar net çıkış gerçekleşti. BNB, TRX, DOGE, LTC ve DOT ETF’lerinde ise herhangi bir net fon akışı görülmedi.
SEC Kararı Kripto Piyasasını Neden Destekledi? Ekim ayındaki olumlu havanın arkasında yalnızca fiyat hareketleri bulunmuyor. ABD Menkul Kıymetler ve Borsa Komisyonu, 1 Ekim’de yatırım danışmanları ve düzenlemeye tabi fonların kripto varlık saklama süreçlerine ilişkin yeni bir düzenleme önerisi sundu.
Öneri, dijital varlıkların saklanması için daha net ve özel bir çerçeve oluşturmayı amaçlıyor. Belirli koşullarda kripto varlıkların yatırımcılar tarafından kendi kendine saklanmasına izin verilmesi ve eyaletlerdeki tröst şirketlerinin saklama hizmeti sunabilmesi de düzenlemenin dikkat çeken unsurları arasında bulunuyor.
SEC Başkanı Paul Atkins, önerinin yatırım danışmanları ve fonlar için daha açık bir saklama çerçevesi oluşturacağını belirtti. Atkins’e göre mevcut kurallar ağırlıklı olarak geleneksel varlıklar dikkate alınarak hazırlandı ve kripto sektöründeki gelişmelere aynı hızda uyum sağlayamadı.
ABD İstihdam Verisi Bitcoin İçin Neden Önemli? Piyasanın kısa vadeli odağında ABD tarım dışı istihdam verisi bulunuyor. ABD Çalışma İstatistikleri Bürosu, eylül ayına ait İstihdam Durumu raporunu bugün TSİ 15.30’da açıklayacak.
Veri, Fed’in para politikasına ilişkin beklentileri doğrudan etkileyebileceği için Bitcoin ve diğer riskli varlıklar açısından önem taşıyor. Güçlü istihdam rakamları faiz politikasına yönelik beklentileri değiştirebilirken, daha zayıf bir istihdam görünümü farklı bir fiyatlama sürecini tetikleyebilir.
Bu nedenle yatırımcıların yalnızca istihdam rakamına değil, verinin ardından dolar ve faiz beklentilerinde oluşacak değişime de bakması gerekiyor. Kripto yatırımı açısından bu iki değişken, kısa vadeli piyasa hareketlerini anlamak için önemli göstergeler arasında yer alıyor.
Uptober Etkisi Ne Kadar Sürebilir? Ekim ayının başlangıcı kripto para piyasası açısından pozitif bir tablo ortaya koydu. Bitcoin’in 86 bin doların üzerine çıkması, spot Bitcoin ETF’lerine net sermaye girişi ve ABD’de kripto saklama düzenlemelerine yönelik yeni adımlar bu görünümü destekleyen gelişmeler arasında bulunuyor.
Bununla birlikte yükselişin devamı açısından ABD istihdam verisi kritik bir test oluşturuyor. Verinin ardından oluşacak Fed faiz beklentileri, Bitcoin başta olmak üzere altcoin fiyatlamalarının yönünü etkileyebilir.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Leading cryptocurrencies rose in tandem with stocks on Thursday as Treasury yields retreated after briefly touching a 24-year high earlier in the day.
Bitcoin, Crypto Stocks GainBitcoin broke through $85,000 after days of sideways action, while Ethereum remained rangebound. XRP and Solana recorded modest increases.
Cryptocurrency-related stocks lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 4.84% and 1.14%, respectively.
Over $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $107 million in bullish long positions evaporated, according to Coinglass data.
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Bitcoin’s open interest spiked 2.39% over the last 24 hours. Traders holding open BTC derivatives positions flipped to “Neutral,” with their Long/Short ratio falling sharply.
Top Gainers (24 Hours)
Stock Market ReboundsStocks recovered ground to start October in the green. The Dow Jones Industrial Average gained 20.51 points, or 0.04%, to end at 50,926.56. The S&P 500 rose 0.19% to close at 7,666.4, while the tech-heavy Nasdaq Composite added 0.04% to end at 26,871.60.
The 10-year Treasury yield dropped to 5.25%, pulling back from an intraday high of 5.34%, its highest level since April 2002.
Meanwhile, the probability of a rate hike has cooled to 24.9% from 37.6% the day before, according to the CME FedWatch tool.
Bitcoin to Move Up Faster?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, called Bitcoin’s move above $84,800 a “great” development
“Now, if this holds, then we’re going to see a lot more momentum on the Altcoin markets again after a few days of no volatility,” Van De Poppe said.
Bitcoin analyst Willy Woo reacted to Glassnode data showing the major $85,000 sell wall on Binance has been absorbed by buyers after “a week of failed tests.”
“With reduced ask liquidity above, this should allow price to move up faster,” Glassnode noted.
Woo added that there’s plenty of buy support below current BTC levels and less sell pressure above.
According to official announcements, the Ethereum Foundation has partnered with the Open Anonymity Project to develop zkAPI, which is now live on the Ethereum mainnet. zkAPI leverages zero-knowledge proofs to separate payments from identities: users only need to deposit assets like ETH and USDC into an Ethereum vault contract once, then authorize AI API usage without exposing their personal identity. Service providers can view request content but cannot access the payer’s identity; payment processors only see the amount spent, with no way to link it to specific requests or individual users. The zkAPI workflow operates as follows: user devices generate proofs verifying that funds are sufficient for the transaction and have not been previously spent. Servers validate these proofs to issue temporary API keys with usage limits and expiration periods. Users then send requests directly to AI service providers using these keys, which record actual usage and generate signed credentials. The system ultimately deducts fees from the user’s private balance based on real consumption. The Ethereum network only logs on-chain operations such as deposits, settlements, and withdrawals, with no insight into which services the funds are allocated to. The solution employs cryptographic technologies including Groth16, BN254, Poseidon, and Merkle trees, and allows users to withdraw funds directly from the blockchain if the server ceases operation. The Ethereum Foundation noted that zkAPI is initially targeted at AI inference scenarios, as user prompts submitted to AI models may involve sensitive information like health and financial data. However, the mechanism can also be applied to pay-as-you-go use cases such as blockchain RPC, image generation, and video generation.
PANews, October 2 — According to official sources, the Ethereum Foundation announced that it has jointly developed zkAPI with the Open Anonymity Project, and it is already running on the Ethereum mainnet. zkAPI uses zero-knowledge proofs to separate payments from identity: users only need to deposit assets such as ETH and USDC into a vault contract on Ethereum once, after which they can authorize AI API usage quotas without revealing their identity. Service providers can see the content of requests but cannot learn the payer's identity, while payment service providers can only see the amount spent and cannot link it to specific requests or users.
zkAPI works as follows: the user's device generates a proof verifying that certain funds are sufficient to cover the current consumption and have not been used before; after the server verifies it, it generates a temporary API key with a quota cap and validity period. The user can then directly use this key to send requests to the AI service provider, which records actual usage and generates a signed credential, and the system ultimately deducts fees from the user's private balance according to actual usage. The Ethereum network only records on-chain operations such as deposits, settlements, and withdrawals, and cannot learn which services specific funds were used to pay for. The solution employs cryptographic techniques such as Groth16, BN254, Poseidon, and Merkle trees, and allows users to withdraw funds directly from the chain if the server stops running.
The Ethereum Foundation stated that zkAPI is initially aimed at AI inference scenarios, because prompts users submit to AI models may involve sensitive information such as health and finances, but the mechanism can also be used for usage-based billing scenarios such as blockchain RPC, image and video generation.
Zcash (ZEC): ZEC's explosive recovery remains bullish, but overbought conditions and resistance around $1,450–$1,500 raise the risk of a deeper pullback.Ethereum (ETH): ETH is testing a major breakout area near $2,800, with the broader recovery intact but confirmation still needed above resistance.Hyperliquid (HYPE): HYPE remains in a strong uptrend, though persistent overbought conditions and resistance near $100 increase the probability of consolidation or a correction.Stellar (XLM): XLM remains stuck in a low-conviction range and likely needs a strong catalyst or broader altcoin momentum to break above $0.24–$0.25.Zcash recovery is explodingZcash's drop to $450 created a foundation for those looking to accumulate. The reversal since late August has been explosive: $450 to $1,750 in just six weeks. This 289% rally reflects a sharp re-rating, likely tied to privacy-coin demand cycles or renewed interest in Zcash's technical upgrades.
ZEC/USDT Chart by TradingViewHowever, ZEC now trades near the September peak with RSI deep in overbought territory (75+), creating a critical inflection point. The October pullback from $1,750 to $1,400 shows profit-taking and resistance. Buyers must overcome the $1,450–$1,500 zone to sustain the rally; failure suggests a deeper correction toward $1,200 or the 100-day moving average.
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ZEC's 40-month chart history shows limited price discovery above $1,400; this is uncharted territory. Volume may thin on further advances, reducing conviction. The asset is highly speculative, privacy coins face regulatory scrutiny in some jurisdictions, and sentiment can reverse sharply.
If ZEC breaks $1,500 on volume, $1,800+ is plausible given the momentum structure. A sustained close above the moving average stack would confirm a fresh higher-low pattern. Network activity, adoption metrics, or positive regulatory signals could reignite the move.
Can Ethereum secure the breakout?Ethereum's trajectory mirrors a classic bear-to-bull transition: June's plunge to $2,650 and August's lows at $1,750 represent a 34% washout. The subsequent rally to $2,800 in early October erased most losses, but current consolidation at $2,700 signals profit-taking and resistance testing.
ETH/USDT Chart by TradingViewThe long-term downtrend line (black) from June, visible across the entire chart, represents a critical psychological barrier. ETH has now tested and held near this line in September–October, suggesting institutional accumulation beneath resistance. The moving-average stack is clean and bullish, with price respecting support from the 100-day MA.
Volume during the August–October recovery was moderate but consistent, lacking the explosive spikes seen in ZEC; this suggests an institutional rather than retail-driven recovery.
Current setup: ETH trades within $100 of its October peak, facing overhead resistance. RSI is overbought (70+) but not extreme. The asset is torn between two narratives: (1) completing a V-shaped recovery from the August lows, or (2) consolidating ahead of a deeper structural pullback.
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A weekly close above $2,800 on volume targets $2,900–$3,000, potentially breaking the June downtrend decisively. Ethereum's fundamentals (Dencun upgrade, Shanghai scaling, staking rewards) support long-term accumulation.
ETH is consolidating sideways at $2,650-$2,750 before testing $2,500-$2,550, where the 200-day MA provides support. This is a lower-risk entry zone for buyers with conviction.
ETH's recovery is constructive but incomplete. Current levels represent fair value; accumulate on weakness into $2,500 rather than chasing resistance.
Hyperliquid crosses into overbought territoryHyperliquid's journey from $40 (June) to $90 (October) represents a 125% appreciation in just four months—classic new-token momentum. The move accelerated sharply in September and early October, with a spike attempt to $98 before pulling back to the current level of $90. This compression near recent highs signals profit-taking and resistance testing at psychological levels.
HYPE/USDT Chart by TradingViewThe technical picture is structurally bullish: moving averages stack cleanly (black, orange, blue, cyan) with price above all of them, indicating institutional entry and sustained accumulation. Volume bars show decisive conviction on breakout candles; consolidation phases are tight and orderly.
However, RSI has remained overbought (70-75) for extended periods, creating a warning flag. New-token rallies often show elevated RSI for weeks without correcting, but mean reversion eventually arrives. The October pullback from $98 to $88 is modest (10%) but may be the first crack in momentum.
$98–$100 is the immediate overhead hurdle. A break above $100 targets $110–$120 as technical extensions. Failure to reclaim $98 risks consolidation or a pullback to $80–$85.
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If HYPE breaks $100 on volume, the move is likely to continue toward $120+. Liquidity and derivatives adoption drive these protocol tokens; protocol growth justifies valuations.
Overbought RSI combined with new-token volatility suggests a 15-20% pullback to $75-$80 is plausible. Entry at lower levels offers a better risk/reward ratio.
HYPE is in a strong uptrend but now trades at peak euphoria. New buyers should wait for consolidation or a pullback; existing holders should consider taking profits into strength.
XLM needs a catalystStellar's six-month trajectory is decidedly pedestrian: June's $0.27 peak declined steadily through July–August to lows of $0.16, a 41% drawdown. The September–October recovery to $0.21–$0.22 reclaimed 30% of losses but remains far from the highs. Current consolidation between $0.20–$0.22 suggests the market is undecided on direction.
XLM/USDT Chart by TradingViewThe technical setup lacks conviction. Moving averages are compressed and neutral—no clean bullish or bearish stack—indicating a sideways market with no dominant trend. Volume is notably weak relative to HYPE or major altcoins; thin volume makes breakouts suspect and prone to false signals. The low-liquidity environment means large market buys can spike prices artificially, while small sellers can trigger cascade liquidations.
Key levels: $0.24-$0.25 is overhead resistance (retest of August highs). Below that, $0.19–$0.20 provides support; a break below $0.19 opens $0.15–$0.16 as deeper support.
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XLM requires a catalyst, network upgrade announcements, Stellar Development Foundation initiatives, or a broader altcoin rally—to break higher. If macro conditions turn positive (crypto bull sentiment), thin volume works in XLM's favor; a 20% upside move to $0.26–$0.27 is possible with minimal buying pressure.
Without a catalyst, XLM is likely to consolidate indefinitely between $0.18-$0.24. Institutional capital gravitates toward higher-liquidity, higher-conviction assets; XLM's stagnation reflects reduced relevance in current market cycles.
XLM is a "wait-and-see" position. Current levels offer no attractive entry; patience for either a breakdown to $0.16–$0.18 or a catalyst-driven breakout above $0.24 is prudent. Low volume makes this a poor trading vehicle until conviction returns.
Major altcoins are encountering critical resistance zones, with buyers weighing the prospects of breakouts against mounting overbought signals. Zcash (ZEC), Ethereum (ETH), Hyperliquid (HYPE), and Stellar (XLM) each show distinct technical profiles, shaping trader sentiment in the current altcoin cycle.
Zcash tests resistance as overbought levels persistZcash, a privacy-focused cryptocurrency, is trading near its September peak, with the Relative Strength Index (RSI) surpassing 75, indicating overbought conditions. The coin recently reversed from $1,750 down to $1,400, highlighting profit-taking and resistance in this area.
ZEC must close above the $1,450–$1,500 range to extend its rally, or risk a deeper correction toward $1,200 and the 100-day moving average.
If ZEC crosses $1,500 on strong trading volume, a push above $1,800 is plausible. Sustained moves above the cluster of moving averages could confirm the coin is forming a new higher-low. Analysts suggest renewed network activity or favorable regulation may provide the next catalyst for a rally.
Key ZEC LevelsSupport/Resistance$1,200 (100-day MA)Support$1,450–$1,500Resistance$1,800+Target if resistance breaksEthereum forms critical breakout patternEthereum is consolidating near a significant breakout area, with price oscillating between $2,650 and $2,800. Following a 34% drop to $1,750 in August, ETH rallied back to $2,800 in early October, regaining most of its losses. The coin is currently seeing profit-taking, with RSI above 70 but short of extreme readings.
The long-term downtrend line from June acts as a psychological barrier, while institutional buying appears to have occurred beneath resistance. The moving averages are in a bullish configuration, supported by steady trading volumes during the recovery phase.
Ethereum’s fundamentals—such as the Dencun upgrade, Shanghai scaling enhancements, and staking rewards—continue to support long-term accumulation, even as resistance at $2,800 remains a hurdle.
A weekly close above $2,800 could open the way to $2,900–$3,000, potentially ending the multimonth downtrend. Meanwhile, ETH is consolidating between $2,650–$2,750, with the 200-day moving average near $2,500–$2,550 offering further support. Many traders are watching these areas as potential entry zones.
Hyperliquid maintains uptrend despite overbought signsHyperliquid (HYPE), a protocol token launched earlier in the year, surged from $40 in June to $90 in October, a gain of 125%. This sharp rise accelerated with a move to $98, before pulling back to $90. The uptrend remains intact, underpinned by stacked moving averages and strong breakout volumes.
RSI has traveled above 70–75 for a prolonged period, typically a sign of overheating. Recent pullbacks from $98 to $88, however, have been limited, and structural momentum continues to drive price action.
Immediate resistance lies at $98–$100. If HYPE crosses $100 convincingly, the next upside targets are $110–$120. Failure to reclaim recent highs could see a pullback toward $80–$85 as mean reversion unfolds.
New buyers are advised to await a correction, while existing holders may consider securing profits as volatility increases.
Mini dictionary: Hyperliquid – Hyperliquid is a decentralized derivatives trading protocol specializing in perpetual contracts, enabling users to trade crypto assets with high leverage and reduced counterparty risk.
Stellar stalls in quiet rangeStellar (XLM), a blockchain-based payment network, has trended sideways, failing to break above $0.24–$0.25. The coin recovered from $0.16 lows in September–October to $0.21–$0.22 but trades below the June peak of $0.27, showing a lack of commitment from buyers.
Moving averages are bunched up and neutral, indicating a lack of trend conviction. Volume remains weak, increasing the risk of unstable price swings, as thin liquidity can amplify the effects of even small trades. Key levels include overhead resistance at $0.24–$0.25 and support around $0.19–$0.20. A breakdown below $0.19 could expose further downside to $0.15–$0.16.
Stellar’s price action suggests that a clear catalyst is needed—potentially a protocol upgrade, new initiatives from the Stellar Development Foundation, or a broader rally across altcoins. Until momentum improves, institutional investors are likely to focus on higher-liquidity assets, leaving XLM in a holding pattern.
Without a decisive catalyst, XLM is expected to remain range-bound and sees little conviction from either buyers or sellers in the current market environment.
Robinhood Stock traded near $113.24 on October 1 as investors assessed unemployment claims and softer inflation.
Bitcoin price stood around $83,975, while Ethereum (ETH) traded near $2,700 and XRP price hovered at $1.49. The economic combination could support risk appetite, although stronger employment also complicates expectations for lower interest rates.
U.S. Initial Jobless Claims came in LOWER than expected this week. Initial unemployment claims totaled 197,000 for the week ended September 26, according to the Labor Department. That result undershot the 201,000 forecast reported by Bloomingbit, reinforcing evidence that layoffs remain limited.
The previous reading was revised from 197,000 to 198,000, making the latest result a modest weekly decline. The four-week average fell to 200,000, offering a steadier indication of labor conditions than one weekly reading.
JOBS DATA: 🇺🇸U.S. initial jobless claims hit 197K vs. 201K expected, unchanged from the prior week.
The combination of resilient employment and cooler inflation keeps the soft-landing narrative alive.
A potentially favorable macro setup for risk assets 📈 https://t.co/vnso6lMbVL pic.twitter.com/GGgYo1slze
— CryptosRus (@CryptosR_Us) October 1, 2026
Continuing claims declined by 11,000 to 1.701 million, pointing to fewer people receiving benefits beyond their first week.
However, low claims measure limited layoffs and cannot establish that employers are accelerating recruitment across the economy. The separate September payroll report is scheduled for October 2 and will provide broader evidence on hiring.
Softer Inflation Shapes Robinhood Stock Rate Outlook Wednesday’s inflation release showed annual core PCE inflation at 3.0%, with the monthly measure increasing 0.2%. Headline PCE inflation reached 3.4%, leaving overall price pressures above the Federal Reserve’s 2% target.
These figures may reduce pressure for additional tightening, but they do not establish an immediate shift toward rate cuts.
In September, policymakers hiked their benchmark rate to 3.75%–4.00%, so expectations for an easing anytime soon proved to be misplaced. Investor confidence and trading activity in equities, options, and cryptocurrencies are the potential draws for Robinhood Stock.
Higher cryptocurrency prices would help sentiment, and revenue would require customers to up their trading volumes. The link to business performance remains conditional, with customer engagement requiring confirmation from future company disclosures
Lower rates could eventually encourage trading, although they could also reduce earnings from interest-bearing customer balances.
Robinhood’s latest quarterly results showed that lower short-term rates partially offset growth in its interest-earning assets. The company reported $100 million in second-quarter cryptocurrency revenue, down 38% from a year earlier.
Robinhood Stock Prediction: Will HOOD Reach $114? The next technical challenge encountered by Robinhood Stock is the $113.60-$113.70 zone in the provided intraday analysis. The recurring closes over this level would enhance the argument over 114.00, an estimated round-number objective.
Robinhood Stock Maintaining the upside structure would require holding $113.00, with the next material pivot being $112.50 for HOOD stock. A loss of that pivot would put the $112.00 in perspective, and then the surrounding low, which is at $111.50.
Citigroup forecasts Bitcoin will reach $113,000 by the end of 2026, up from its previous $82,000 target. The bank also raised its Ethereum year-end target to $3,028 from $2,240, citing recovering ETF demand, increased crypto activity, and improving financial conditions.
Citi Sees Steadier Crypto Inflows Ahead Citi estimates that approximately USD 5 billion will flow into the crypto market over the coming 12 months, while institutional demand remains on a path to recovery. Instead of a sudden influx of investment, the bank believes that advisers and brokerages will slowly become more involved in Bitcoin.
The sentiment comes as U.S. spot crypto ETFs saw increased demand following weaker flows earlier this year. Bitcoin ETFs have also recently had a streak of inflows for nine days, accumulating approximately $3 billion in inflows.
Bitcoin is up almost 40% over the last three months, while Ethereum has risen by approximately 68% over the same timeframe. The rallies have reduced their year-to-date losses to around 4% and 9%, respectively.
Citi also attributed Bitcoin’s rally since its July low to a decreasing dollar and modifications in U.S. Treasury markets. The bank mentioned that longer-dated bond purchases by the Treasury brought the momentum back as crypto had been lagging behind other risk assets.
U.S.–Iran War Remains Part of the Macro Picture That recovery is taking place while markets continue watching the U.S.–Iran conflict and its effect on energy prices and inflation. Oil prices rose again on October 1 as stalled peace efforts combined with tight global fuel supplies.
President Donald Trump has repeatedly suggested that the US-Iran war could be nearing an end. But the negotiations continue to be tough. Iran said on September 30 that it had received a U.S. response to its latest ceasefire proposal, while talks remained unresolved.
Reuters reports that Iran is also preparing for more forceful retaliation if another major attack happens. Tehran has been continuing with the diplomatic process, but diplomats believe there are slim chances of a short-term deal.
The long-running fight is significant to crypto as it can help propel inflation higher and strain interest-rate expectations. The circumstances can impact the demand for Bitcoin, Ethereum, and different risk belongings even with optimistic ETF inflows.
Regulatory Setback Adds Another Variable Citi also touched on the September Senate failure to advance the CLARITY Act, which aimed to expand digital asset regulations in the U.S. market. The delay “weakened the chances for full market-structure legislation in the cycle,” the bank said.
However, Citi noted that later Securities and Exchange Commission announcements helped ease some of the negative market reaction.
Despite all those uncertainties, institutional demand has continued to improve. As we reported, the Bitcoin ETF inflows recently helped BTC move above $87,000, while Ethereum also benefited from returning fund demand.
MetaMask is removing affected validators while investigating a staking infrastructure compromise. Bitquery traced diverted block tips to an unauthorized wallet but found no validator slashing. Nearly 17,000 validators have entered the exit process, creating weeks of operational disruption. Lido says stETH holders do not need to take action. MetaMask is pulling nearly 17,000 Ethereum validators from active staking after a security incident exposed part of its infrastructure, a precautionary response covering more than half a million ETH. Onchain analysis indicates the intruder redirected validator rewards rather than the underlying stake, while MetaMask says its wallet product faces no identified threat and client withdrawal keys remain outside its control.
Onchain Data Reveals What the Intruder Actually Reached MetaMask disclosed the incident on Sept. 30 and began coordinating validator exits with clients and partners. The company has not disclosed the initial attack vector or identified which internal systems were compromised.
Bitquery subsequently reconstructed the incident from Ethereum data and found that an unauthorized wallet received block tips from 18 MetaMask-operated validators. The transfers totaled just 0.36 ETH.
The timing provides a useful clue about MetaMask’s response. Its first validator exit was submitted at 10:46 UTC on Sept. 30, while the first diverted payment appeared 85 minutes later. Six blocks proposed by its validators during that interval still paid their expected recipients.
From 12:12 UTC, the pattern changed. Most MetaMask-operated validators that proposed blocks over the following four and a half hours directed their tips to the unauthorized wallet before the fee addresses were restored. Bitquery found no slashed validators.
We’re continuing to actively investigate and respond to the security incident affecting part of our infrastructure.
Our focus remains on working closely with affected partners and taking appropriate steps to protect users. As part of this, we worked with our partners to take the… https://t.co/tbC70C6Bdi
— MetaMask 🦊 (@MetaMask) October 1, 2026
That chronology suggests MetaMask had already started containment before the suspicious reward activity became visible onchain. What the blockchain cannot establish is how the intruder entered the infrastructure or whether validator signing keys themselves were obtained.
Why Half a Million ETH Is Leaving Over a 0.36 ETH Theft The large validator exit is better understood as a security response than as a measure of funds lost.
Ethereum validator operators use signing keys to perform consensus duties. They can also configure a fee recipient that receives tips associated with block production. Withdrawal credentials serve a separate function, determining where the underlying stake goes when a validator is withdrawn.
Bitquery’s evidence points to the fee-recipient layer. An attacker able to alter that destination can capture certain validator earnings without obtaining the credentials needed to withdraw the staked ETH.
MetaMask’s decision to exit validators addresses the more serious residual risk: potentially compromised signing infrastructure. A signing key cannot simply be replaced while keeping the same validator. If an operator no longer trusts it, the validator must leave the network and the ETH must eventually be staked again using new credentials.
This is also why the absence of slashing matters. A compromised signing key could be used to sign conflicting messages, exposing the associated stake to Ethereum’s slashing mechanism. Bitquery found no evidence that occurred.
MetaMask’s Exit Spreads Across Several Staking Clients The affected infrastructure extends beyond one staking pool. Bitquery identified several groups among the validators MetaMask was removing, including Lido, MetaMask’s own pooled staking product and validators whose block tips normally flow to a Coinbase-labeled address.
Rather than repeat the headline totals, the breakdown shows where the operational disruption is concentrated:
Where MetaMask-Operated Stake Is Exiting
Bitquery snapshot as of Oct. 1, 05:29 UTC
Client group Validators ETH Lido main set 7,066 226,112 Lido small set 125 26,176 Coinbase-labeled fee address 4,041 129,312 MetaMask pool 1,469 47,008 Smaller clients 4,264 136,448 The Coinbase label requires caution. Bitquery said the address shows where those validators send block tips, but does not establish who owns the underlying stake or the contractual relationship between Coinbase and MetaMask.
The distribution also shows why the incident is primarily an infrastructure problem rather than a failure isolated to Lido. Less than half of the validators Bitquery attributed to MetaMask were part of Lido’s sets.
Ethereum’s Queues Turn Containment Into a Multi-Week Process Exiting compromised validators is not instantaneous. Ethereum limits how many can leave its active set over a given period, preventing a large operator from withdrawing thousands of validators simultaneously.
At the time of Bitquery’s Oct. 1 snapshot, the exit capacity worked out to roughly 1,800 standard validators per day. MetaMask’s withdrawals were large enough to occupy much of that capacity, with its non-Lido clients expected to continue moving through the queue after Lido’s validators leave.
Lido expects its final MetaMask-operated validators to exit by the end of Oct. 7. That date covers the validator exit, not the complete recovery of staking activity.
After withdrawal, the returned ETH must be allocated to new validators with fresh keys. Those validators then face Ethereum’s separate activation queue before they can begin earning rewards.
Lido estimates that this full cycle could take approximately up to 45 days because of the extended entry queue.
The principal cost is therefore likely to come from foregone staking rewards and possible downtime penalties while capital moves between validator sets, assuming the investigation continues to find no loss of underlying stake.
What MetaMask and stETH Users Need to Watch Lido has told stETH holders that no action is required. Its protocol distributes stake across multiple node operators, limiting dependence on any single infrastructure provider. Lido also points to an ad hoc reserve fund holding more than 6,750 stETH as one of the mechanisms available to absorb operational disruptions.
MetaMask wallet users face a different question because the security incident concerns the staking operation rather than the wallet itself. MetaMask says its investigation has found no immediate threat to wallets, while warning users to remain cautious of unsolicited messages and never disclose a Secret Recovery Phrase or private keys.
The unresolved issue is now the breach itself. Onchain data can show when fee destinations changed, which validators exited and where payments moved, but it cannot identify the original point of entry into MetaMask’s systems.
MetaMask’s eventual technical disclosure will therefore matter more than the headline size of the validator withdrawal. It should establish whether the intruder obtained signing keys or access to systems controlling them, how long that access persisted, and whether the 0.36 ETH visible onchain captures the full financial impact of the incident.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
The recent surge in the cryptocurrency market has boosted Bitcoin and altcoins, while Ethereum has also attracted attention with its rise. Having climbed above $2,700, Ethereum has been trading within a narrow range in recent days, searching for direction.
New assessments regarding Ethereum’s (ETH) price outlook continue to be made, attracting attention in the cryptocurrency market.
Ethereum Crosses Critical Threshold! Milk Road analyst John Gillen stated in his latest assessment that Ethereum has broken through the $2,500 level, which he considered a critical resistance, and that this is a significant development that could push the price towards the $3,000 region.
The analyst refrained from giving a single figure for the Ethereum target, noting that the ETH price exhibits sharp fluctuations and doesn’t follow a particular pattern, adding that it’s “much harder to predict than Bitcoin.”
According to the analyst’s assessment, after $3,000, the real test for Ethereum lies at the $5,000 level. The analyst noted that ETH has struggled to surpass this level in the past.
Looking ahead, the analyst stated that if Ethereum breaks above the $5,000 level and remains there, the price could then reach the $6,000 to $10,000 range.
Long-Term Target: $10,000-$12,000! Finally, in his longer-term assessment, the analyst states that Ethereum could rise to levels between $10,000 and $12,000 in the next 24 months. However, he emphasizes that this target is not a definitive price prediction and that the extent to which Ethereum continues to receive share from institutional and on-chain activity will be decisive.
*This is not investment advice.
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Ethereum is facing an awkward setup as US ISM PMI data lands at 54.5. The reading marks the ninth consecutive print above 52, keeping the US economy in expansion territory while raising a bigger question for the Federal Reserve.
Strong economic data isn’t necessarily comfortable for the Fed. Higher inflation expectations can complicate the rate path, leaving policymakers with an unpleasant choice: hold rates and wait, or hike and risk hurting growth.
US ISM PMI Keeps the Fed In A BindThe latest ISM PMI came slightly below the 54.8 forecast and the previous 54.6 reading. Still, 54.5 remains above 52, extending the expansion streak.
That creates a tricky backdrop. Holding rates could push yields higher if markets believe inflation isn’t disappearing soon. Raising rates, meanwhile, could weigh on economic growth.
Ethereum Has Another 56 Level To WatchThe crypto angle gets more interesting around the 56 mark, per an analyst ‘AshCrypto’. In 2017, ISM broke above 56 before Ethereum rallied from $10 to $1,400. From 2020 to 2021, the same level was followed by a move from $88 to $4,800.
Those historical episodes are the basis for the current comparison, not a guarantee of another repeat.
Today, Ethereum sits around $2,695 and is holding the Monthly MA 50. The latest ISM reading is still below the 56 threshold that previously featured in those two cycles.
Could ISM Strengthen Into A Larger Crypto Cycle?The setup therefore remains incomplete. If ISM moves higher toward 60 in coming months, the analysis points to the possibility of another major Ethereum and altcoin cycle during 2027 to 2028.
For now, 54.5 is the number on the board. The 56 level is the next key marker, while the Fed faces stronger economic activity alongside inflation concerns. Ethereum remains around $2,695, waiting for the ISM signal to develop further.
Story Ends Here
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The co-authors of EIP-8363, a proposal to burn a rising share of Ethereum validator rewards as more Ethereum (ETH) is staked, have withdrawn it from consideration for the network's Hegota upgrade.
"Withdrawing EIP-8363 from consideration for Hegotá," co-author Jérôme de Tychey, president of Ethereum France, wrote in an X post on Thursday morning.
De Tychey said several industry participants, as well as core protocol and client contributors, argued during Hegotá's Consideration for Inclusion (CFI) process that "a fork scoping exercise was not the right venue to settle an issuance policy change."
"We agree and we'd rather acknowledge this now than carry on towards Hegotà in this context," he wrote, noting that the proposal had become "one of the most commented-on EIPs in the history of the Ethereum-Magicians forum."
The authors committed to a separate process for determining questions of Ethereum's issuance policy. De Tychey thanked liquid staking protocol Lido for offering to help steer it.
A separate, dedicated process De Tychey grouped the objections raised since August into five categories: security, industry impact, the design of the burn curve, the makeup of the validator set and the effect on solo stakers.
To determine how to proceed with tackling the issues, de Tychey attached a timeline for what he called a "multi-node process." It starts with an issuance forum at Devcon in November, following a first roundtable at EthCC 2026.
Workshops would follow after Devcon and in February and March, with a tentative forum at a Columbia University cryptoeconomics workshop in January.
The schedule ends with a forum at EthCC in April, where the authors aim to engage core developers and reach CFI or Scheduled for Inclusion (SFI) status for a proposal.
De Tychey said the authors stand by the proposal's motivation. He quoted the EIP's view that a very high staking ratio threatens "Ethereum's security, neutrality and resistance to capture" as well as "ETH's role as money."
The proposal Researchers including the Ethereum Foundation's Justin Drake, Pintail, de Tychey, dapplion, pa7x1 and Ladislaus von Daniels proposed the "Tapered Issuance Burn" on Aug. 4, days before Hegota's deadline for non-headliner EIPs.
Under the EIP, the share of rewards burned would climb with the total level of staked ETH and would reach 100% at about 60.25 million ETH, or roughly half of the supply. The change would phase in over about 18 months.
About 34% of ETH supply was staked in mid-August, The Block reported at the time. At that level, annual consensus yield would fall from about 2.6% to 1.2% under the proposal.
Industry reaction SharpLink CEO Joseph Chalom formally opposed the proposal in August, saying it would "undermine DeFi." Aave founder Stani Kulechov called it "hurtful for Ethereum" at the time.
On Thursday, Kulechov quote-posted de Tychey's announcement of the withdrawal, saying "Great move."
Developers are still scoping Hegota, an upcoming Ethereum hard fork, which will follow the next update, Glamsterdam. On Sunday, Ethereum co-founder Vitalik Buterin outlined his vision for the future of Ethereum in a blog post, and said Hegota "is likely to be Ethereum's last 'normal' fork, with features and technology that would be recognizable to someone in 2015."
"Everything after that involves recursive STARKs, automated formal verification, highly optimized consensus algorithms, and making it all quantum-safe," Buterin wrote.
