Grayscale has named the top 10 crypto assets by tokenholder yield and adjusted earnings yield. HYPE leads the first ranking at 8.0%, while CAKE tops the second at 14.4%.
The report argues that investors can value many crypto assets, unlike Bitcoin, using their cash flows.
Crypto valuations don’t have to rely on narratives alone. Many crypto assets can be… pic.twitter.com/up8RqIdZzx
— Grayscale (@Grayscale) October 22, 2026 Which Crypto Tokens Actually Reward Their Holders?Hyperliquid (HYPE) leads Grayscale’s ranking with an 8.0% tokenholder yield. Lighter (LIT) follows closely at 7.9%.
PancakeSwap (CAKE) comes third at 2.6%, followed by Aerodrome (AERO) and Uniswap (UNI).
But the rankings reveal something more troubling.
Five of the top 10 tokens have negative holder yields.
Curve Finance (CRV) sits at the bottom with -5.5%, while Jupiter (JUP) records -2.6%.
The reason is dilution.
Grayscale calculates tokenholder yield by adding staking rewards and buybacks, then subtracting newly issued tokens. When issuance outweighs those benefits, holders face dilution despite the protocol’s economic activity.
Can Crypto Be Valued Like Stocks?Grayscale’s second ranking reveals another surprise.
PancakeSwap leads adjusted earnings yield at 14.4%, followed by Lighter at 14.1% and HYPE at 9.8%.
Jupiter offers an interesting example. Its adjusted earnings yield reaches 3.5%, yet its tokenholder yield remains negative.
A profitable crypto protocol does not automatically make its token rewarding to hold.
Grayscale’s research head, Zach Pandl, argues that Bitcoin resembles digital gold, while many other crypto assets can be valued using cash flows.
“Crypto valuations don’t have to rely on narratives alone.”
Protocols generate earnings through trading and lending fees. Buybacks and burns can help transfer that value to holders, although token issuance may offset the gains.
The rankings offer investors a way to examine the economics behind crypto valuations.
They also expose a weakness in an industry where growing revenue can coexist with disappointing returns for tokenholders.
In brief
Read it. Trade it. All on Decrypt. Decrypt is partnering with Jupiter, Solana's leading trading platform, to bring seamless, on-site trading directly to its readers. With Decrypt Money Accounts, users will be able to go from discovering an opportunity to trading it in seconds, without ever leaving Decrypt.
One destination. Virtually every asset. Starting with crypto, Decrypt will expand to the full universe of Solana tokens, tokenized stocks, commodities and real-world assets (RWAs), bringing an ever-growing range of markets into a single experience.
Trading is just the beginning. The partnership will encompass additional Jupiter products including Earn, as Decrypt builds The Information Exchange: a new kind of financial platform where news, real-time intelligence and markets come together—and every piece of information becomes an opportunity to act.
What if you could trade the news the moment you read it?
That's the vision behind The Information Exchange, and Decrypt is taking another major step toward making it a reality.
Decrypt is partnering with Jupiter, Solana's leading trading platform, to bring trading directly into the news and information experience, turning one of crypto's most established media destinations into a place where readers don't just follow the markets, they participate in them.
Through the integration, readers will be able to swap tokens directly from their Decrypt Money Accounts, without switching platforms, connecting external wallets or moving funds between products.
As the integration expands, readers will gain access to the full universe of Solana tokens alongside tokenized stocks, commodities and other real-world assets, all accessible from the same account, on the same platform where they already consume information.
“We've spent eight years building Decrypt into a destination people trust to understand what's happening in crypto and emerging technology. Now we're taking the next step: giving them the ability to act on that information instantly,” said Ilan Hazan, co-founder and COO of Decrypt. “Whether you're reading about Bitcoin, a public company or a commodity, our vision is that you should be able to trade it right there. One account, every market, directly where you consume information.”
Jupiter has established itself as Solana's “everything exchange,” bringing together token swaps, lending, borrowing, perpetual futures and portfolio management within a unified DeFi ecosystem.
The integration will initially support a select group of major cryptocurrencies before expanding to the broader Solana token ecosystem and tokenized real-world assets.
For Decrypt, The Information Exchange represents a fundamental shift in what a media platform can be: a unified destination where media becomes interactive, enabling readers to trade on news, data and financial markets in real-time on a single platform.
“Media and markets are merging. Readers want to learn about an asset and then trade on it in the same moment. We’re thrilled to work with one of the top crypto media outlets to bring the top trading execution straight to their readers, all in one venue. Every app is becoming a financial app, and Jupiter will be the engine under all of them.”
—Kash Dhanda, COO, JupiterBuilding out an information infrastructureEarlier this month, Decrypt Money Accounts launched on Solana, introducing a single self-custodial account designed to power every financial experience across Decrypt.
With a single USD deposit, users will be able to access the platform's growing suite of products, from trading and prediction markets to earning yield and, eventually, perpetual futures.
Jupiter-powered trading is the next piece of that infrastructure.
Additional Jupiter products, beginning with Earn, will further expand what readers can do with their assets without leaving Decrypt.
The experience will extend across Decrypt's editorial coverage and upcoming Situation Rooms, dedicated destinations combining breaking news, live market data, prices, probabilities and financial instruments around the subjects readers care about.
Imagine reading a story about Bitcoin and trading BTC in the same experience. Following a major development at a public company and taking a position in its tokenized stock. Or tracking a geopolitical event, watching prediction market probabilities shift and participating directly.
From information to action, in one place.
The Information Exchange: where media meets marketsAnnounced in September, The Information Exchange is Decrypt's vision for the next generation of financial media: a unified destination bringing together news, intelligence, market data, probabilities and direct financial participation.
The thesis is simple: information and financial markets are converging, but the experience of consuming information and acting on it remains fragmented.
Today, readers jump between news sites, market-data platforms, exchanges, wallets and trading applications.
The Information Exchange is being built to bring those experiences together.
Decrypt provides the audience, trusted reporting and distribution. Myriad provides the underlying market infrastructure, with its prediction markets already generating more than $600 million in cumulative trading volume. The forthcoming MYR token forms the connective tissue, an economic layer that coordinates users, creators, traders and applications across the ecosystem.
Through integrations with leading protocols like Jupiter, The Information Exchange will bring an expanding universe of financial instruments together on Decrypt.
The Jupiter integration marks another milestone in that transformation, with more products, markets and features set to roll out in the coming weeks ahead of Solana Breakpoint.
News becomes actionable. Markets become accessible. And readers become participants.
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Kripto para takasında avantajlı teklifi bulmak, yalnızca ekranda görünen kura değil, işlem ücretleri sonrasında elinize geçecek net miktara da bağlı. UnityWallet, farklı swap sağlayıcılarını tek bir mobil cüzdanda bir araya getirerek kullanıcıların desteklenen kripto varlıklar arasında takas yapmasını amaçlıyor. Platformun öne çıkan özellikleri arasında swap teklifleri, cashback ödülleri ve USDT Bridge yer alıyor.
2018 yılında Savl adıyla kurulan ve Eylül 2024’te UnityWallet olarak yeniden markalanan platform, çoklu blockchain desteğini cüzdan yönetimi ve Web3 araçlarıyla birleştiriyor. Ancak swap odaklı bir cüzdanı değerlendirirken asıl soru şu: UnityWallet, aynı işlem için diğer cüzdanlara kıyasla ne kadar avantajlı bir teklif sunuyor?
UnityWallet’in sunduğu özellikleri yakından incelemek isteyen kullanıcılar, UnityWallet uygulamasına buradan erişerek desteklenen ağları, cüzdan yönetimini ve uygulama içerisindeki Web3 araçlarını keşfedebilir.
UnityWallet Swap Nasıl Çalışır?
UnityWallet, desteklenen kripto varlıklar arasında takas yapmak için tek bir mobil arayüz sunuyor. Platformun swap hizmeti, farklı sağlayıcılardan gelen teklifleri kullanıcıların inceleyebilmesini amaçlıyor.
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB ve stablecoin’ler gibi varlıklar için sunulan seçenekler, desteklenen ağlara ve işlem çiftlerine göre değişebilir. Projenin tanıtımına göre kullanıcılar binlerce işlem çifti arasından seçim yapabiliyor.
UnityWallet’in öne çıkardığı özellikler şunlar:
Birden fazla swap sağlayıcısı: Desteklenen işlemler için farklı teklifleri değerlendirme imkânı.
Geniş işlem çifti seçeneği: Farklı kripto varlıklar arasında takas yapabilme.
Tek arayüz: İşlemleri farklı platformlar arasında sürekli geçiş yapmadan yönetme.
Kendi kontrolünüzdeki cüzdan: Platform, kullanıcıların özel anahtarlarının kendi kontrollerinde kaldığı non-custodial bir yapı sunduğunu belirtiyor.
Proje ayrıca swap işlemlerinde yalnızca doğrulanmış likidite sağlayıcılarının kullanıldığını ifade ediyor. Bu özellik, platformun sunduğu işlem altyapısının bir parçası olarak öne çıkarılıyor.
Bununla birlikte, farklı sağlayıcılardan teklif alınması her işlemde en iyi fiyatın sunulacağını garanti etmez. Kullanıcıların işlem onayından önce son teklifi ve ücretleri kontrol etmesi önemlidir.
UnityWallet ile Swap İşlemi Nasıl Yapılır?
UnityWallet’in swap arayüzü, desteklenen varlıklar arasında takas işlemlerini tek bir mobil uygulama üzerinden yönetmeyi amaçlıyor. Temel işlem akışı şu adımlardan oluşuyor:
UnityWallet uygulamasını açın ve cüzdanınıza erişin.
Swap bölümünden takas etmek istediğiniz varlığı seçin.
Almak istediğiniz varlığı ve işlem tutarını belirleyin.
Sunulan teklifi, tahmini alınacak miktarı ve işlem ücretlerini inceleyin.
Hedef ağı ve işlem ayrıntılarını kontrol edin; koşullar uygunsa işlemi onaylayın.
Desteklenen işlem çiftleri, kullanılabilir sağlayıcılar ve işlem koşulları seçilen varlığa göre değişebilir. Bu nedenle onay ekranındaki son teklifin kontrol edilmesi önemlidir.
UnityWallet’in paylaştığı bilgilere göre kullanıcılar, cüzdanlarında yeterli bakiye bulunmasa da swap tekliflerini görüntüleyebilir. Bu sırada yetersiz bakiye uyarısı alınması mümkündür. Ancak teklifin görüntülenmesi, işlemin gerçekleştirildiği veya aynı fiyatın işlem anında korunacağı anlamına gelmez.
Uygulamayı ve mevcut swap seçeneklerini incelemek isteyenler UnityWallet’e buradan erişebilir.
UnityWallet Cashback: Swap Yaparak UNT Kazanmak
UnityWallet’in swap hizmetine eklediği cashback programı, uygun işlemler üzerinden kullanıcılara UNT token ile bağlantılı ödüller sunmayı amaçlıyor. Böylece kullanıcılar bir takas işlemini değerlendirirken yalnızca elde edecekleri kripto para miktarını değil, işlem karşılığında kazanabilecekleri ödülü de hesaba katabilir.
Bununla birlikte cashback, tek başına daha avantajlı bir işlem yapıldığı anlamına gelmez. Ödülün gerçek değerini değerlendirmek için programın güncel koşullarını bilmek gerekir. Özellikle cashback oranı, hangi işlemlerin ödüle uygun olduğu, ödülün ne zaman hesaba geçtiği ve UNT’nin nasıl kullanılabildiği önem taşır.
Örneğin bir cüzdan, işlem sonunda daha fazla USDT sunarken diğeri daha yüksek bir cashback ödülü sağlayabilir. Böyle bir durumda iki seçeneği karşılaştırmak için ödülün parasal değerini ve tüm işlem maliyetlerini birlikte hesaplamak gerekir.
Bu nedenle UnityWallet’in cashback özelliği, swap oranlarının yerine geçen bir avantaj değil, toplam işlem değerini etkileyebilecek ek bir unsur olarak değerlendirilmelidir. Güncel cashback oranları ve ödül koşulları işlem öncesinde uygulamadan kontrol edilmelidir.
USDT Bridge: Sıfır Ücretli Köprüleme Nasıl Çalışıyor?
UnityWallet’in öne çıkardığı özelliklerden biri de USDT Bridge. Bu özellik, desteklenen ağlar arasında USDT aktarımını kolaylaştırmayı amaçlıyor. Farklı blockchain ağlarında USDT tutan kullanıcılar için ağlar arasında geçiş yapabilmek, varlıkları ihtiyaç duyulan ekosistemde kullanma açısından önem taşıyor.
Projenin tanıtımında USDT Bridge için sıfır ücret vurgusu yapılıyor. Ancak bu ifadenin hangi maliyetleri kapsadığı belirleyici: Köprüleme hizmeti ücretinin alınmaması, işlemin her koşulda hiçbir maliyet doğurmayacağı anlamına gelmeyebilir. Kaynak ağın işlem ücreti, hedef ağdaki koşullar ve desteklenen ağlar arasındaki farklılıklar ayrıca kontrol edilmelidir.
Bu nedenle kullanıcıların işlem öncesinde şu ayrıntıları incelemesi gerekir:
USDT’nin hangi ağlardan hangi ağlara aktarılabildiği
Sıfır ücret uygulamasının hangi işlem ve ücret kalemlerini kapsadığı
Minimum ve maksimum aktarım tutarları varsa bunların ne olduğu
İşlemin tahmini tamamlanma süresi ve ekrandaki son işlem koşulları
USDT Bridge’in kullanıcıya sağlayacağı avantaj, yalnızca ücret iddiasıyla değil, işlem sırasında gösterilen toplam maliyet ve hedef ağda alınacak net miktarla değerlendirilebilir. Özellikle farklı ağlarda USDT kullananlar için desteklenen ağların ve güncel koşulların uygulama üzerinden kontrol edilmesi önemlidir.
UnityWallet Swap Değerlendirilirken Nelere Bakılmalı?
UnityWallet’in swap odaklı yaklaşımında birden fazla sağlayıcıdan teklif alma, işlemleri tek arayüzden yönetme, cashback ve USDT Bridge öne çıkıyor. Bu özelliklerin kullanıcı açısından ne kadar avantajlı olduğu ise seçilen işlem çiftine ve güncel koşullara bağlı.
Sağlıklı bir değerlendirme için aynı işlem tutarıyla farklı cüzdanlardan alınan teklifler karşılaştırılmalı; ağ, sağlayıcı ve platform ücretleri hesaba katılmalı. Cashback ödülünün değeri de bu hesaplamaya eklenmeli. USDT Bridge kullanılacaksa sıfır ücret ifadesinin kapsamı ve varsa diğer maliyetler ayrıca incelenmeli.
Sonuç olarak UnityWallet’in sunduğu özellikleri değerlendirmenin en iyi yolu, genel vaatlerden çok gerçek işlem koşullarına bakmak. Güncel teklifler, net alınacak miktar ve toplam maliyet birlikte incelendiğinde kullanıcılar kendi işlem ihtiyaçları için hangi seçeneğin daha uygun olduğunu daha doğru belirleyebilir.
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Solana ecosystem governance tokens Raydium (RAY), Jupiter (JUP) and Pump.fun (PUMP) have dropped 18% to 21% this week as a broader crypto selloff hits high-beta altcoins.
Solana ecosystem tokens are among the weakest performers in a soft crypto market this week. Few assets have posted gains, but several governance tokens tied to major @Solana protocols have fallen further than most.
@Raydium $RAY is down 21%, @JupiterExchange $JUP has lost 20%, and @Pumpfun $PUMP has dropped 18%. Together, the three tokens represent core parts of Solana's trading and token-launch infrastructure.
Macro pressure hits high-beta altcoinsThe declines follow a wider risk-off move. , according to CoinMarketCap. The same analysis said .
CoinMarketCap also noted that . That pattern fits this week's data. $SOL has fallen more slowly than its ecosystem tokens, and , according to a Cryptonews analysis.
Network activity has softenedOn-chain data points to cooler participation. Cryptonews reported that . The same report said .
The three tokens are closely linked. A Gate research note describes . When memecoin speculation cools, activity across all three can slow together. Changelly's market overview makes a similar point, noting that .
Jupiter's recent product launch adds another factor. Cryptonews reported that . CoinMarketCap described the product as notable but .
Whether the Solana ecosystem tokens stabilise will likely depend on broader market sentiment and a recovery in on-chain activity. Price figures are moving quickly, so readers should check live data before making decisions.
Sources:
CoinMarketCap: Jupiter (JUP) down amid broad crypto selloffCryptonews: CPI shock complicates Solana's $100 test as network activity slumpsGate: Analyzing the ecosystem competition behind PUMP, Jupiter and Raydium
Jupiter’s [JUP] new trading product, YOLO, recorded over $1 billion in volume after its 15h October beta launch. Jupiter’s trading product on Solana offers 1,000x leverage on SOL, BTC, and ETH, and allows trading with as little as $10 to “make it big.”
Traders should remember that at that kind of leverage, a 0.1% price move against their direction could wipe out their position. As a simulated trading model, a single house pool funded by losers pays the winners, and the individual trades don’t make it to a real market, but of course the profits and losses are real.
Winners are paid when the platform’s liquidity pool can cover the entire amount, and there are no earlier claims in the queue.
The impact on JUP price trends Source: JUP/USDT on TradingView Jupiter’s long-term trend has been bullish since the swing structure break on the daily timeframe in May. The low made at $0.144 was the anchor point for the rally that pushed upwards to $0.388.
Since making this high earlier in October, Jupiter token’s price has declined by 21.8% so far.
The next long-term demand zone to watch will be at $0.22 (cyan), the bullish order block that propelled the latest JUP bullish impulse move.
Do bears have the upper hand? Source: JUP/USDT on TradingView On the 2-hour chart, the price trend shifted bearishly across the board. The demand zone at $0.32 was flipped to a supply zone too. The retest as resistance in recent days yielded a bearish reaction as well.
The next demand zone at $0.29 was already being tested at the time of writing. Given the wider market weakness due to Bitcoin’s [BTC] retracement towards $80K, it is likely that JUP would continue its descent over the next week.
A drop below $0.275 and a retest of $0.29 would likely offer short-term traders a selling opportunity.
Final Summary The 1,000x Jupiter trading product on Solana recorded over $1 billion in trading volume after its 15th October beta launch. Over the past ten days, JUP’s price has retraced by 21.8% and could slide further next week.
Jupiter Exchange’s new experimental trading product, YOLO, recorded $1 billion in trading volume less than 24 hours after launching in beta yesterday, October 15.
The product lets users speculate on $SOL, $BTC, and $ETH prices, offering leverage of up to 1,000x with a minimum collateral of $5.
“$1B in volume on Jupiter Yolo in less than 24 hours!” Jupiter wrote in an X post earlier today.
However, the milestone represents the notional value of positions opened and closed, meaning $5 in collateral can create a $5,000 position at 1,000x leverage.
How YOLO Works Launched by Jupiter Labs, YOLO uses a simulated trading model instead of executing leveraged positions directly in the market.
“Positions aren’t actually executed in the market, but the profits and losses are real,” Jupiter co-founder Siong Ong explained in a post.
Unlike conventional peer-to-peer trading systems, YOLO places users against a single house pool shared across $SOL, $BTC, and $ETH. Settled trader losses replenish the pool, which funds winning traders’ profits. Users cannot deposit money to provide liquidity to the pool.
The model lets Jupiter offer leverage beyond the 250x maximum on its existing Jupiter Perps markets, which use the Jupiter Liquidity Pool (JLP) as their counterparty.
However, the higher leverage comes with substantial risks. At 1,000x leverage, a 0.1% price move can liquidate a position and consume its collateral. YOLO also offers only market orders without stop-loss or take-profit orders.
Winning Does Not Guarantee Immediate Payment YOLO’s payout structure introduces a risk beyond losing a trade. When a trader closes a position, Jupiter returns their remaining collateral in $JupUSD. However, the platform pays profits immediately only when the house pool can cover the full amount and no earlier claims remain in the queue.
If the pool lacks sufficient funds, YOLO places all profits into a first-in, first-out payout queue. The platform then pays queued profits in full, one at a time, as subsequent trader losses replenish the pool.
New winning trades join the queue while outstanding claims remain, and Jupiter provides no guaranteed payout deadline. Its trading rules warn that profits may never be paid.
Jupiter also disclosed that YOLO remains unaudited, urging users to start small rather than risk their life savings.
Solana’s Answer to PaperTrade? YOLO’s launch comes as PaperTrade, an onchain perpetual futures platform built on Hyperliquid, attracts attention with a similar house-based trading model. PaperTrade offers up to 1,000x leverage on $BTC and $ETH and rewards losing traders with $PAPER tokens. Its house pool receives traders’ losses, while the platform uses Hyperliquid prices as its market reference without executing orders on Hyperliquid’s order book.
Jupiter co-founder Siong Ong confirmed in an X post that the Jupiter team “took inspiration” from what PaperTrade has been building.
PaperTrade launched on October 10 and has reportedly generated more than $1.1 trillion in volume, with $67.8 million in TVL.
Some Solana community members have already framed YOLO as Solana’s answer to PaperTrade.
Meanwhile, Others have questioned the sustainability of products that combine extreme leverage with house-funded payouts.
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Jupiter introduced YOLO at 12:24 UTC on October 15 as a live beta for leveraged $SOL, $BTC, and $ETH price trades. The product interface was live the following day with leverage settings from 500 to 1,000 times and a default payment amount of $10.00.
The product is an unaudited Jupiter Labs experiment. Its structure differs from an order book or a conventional perpetual futures venue because each trader faces a house pool rather than another trader. Trader losses add money to that pool. Winning traders receive profit from the same pool.
How a YOLO position works YOLO supports three markets: $SOL, $BTC, and $ETH. The interface accepts market orders only. It does not offer take-profit or stop-loss orders. A liquidation consumes the collateral assigned to the position.
Leverage starts at 500 times and reaches 1,000 times. Jupiter warns that small price moves at those settings can wipe out the entire position. The collateral placed on a trade therefore defines the amount immediately at risk, while the selected leverage determines the position’s exposure to price movement.
The interface separates collateral from position size. Its stated limits apply to position size, not to the collateral paid by the trader. Long and short capacity are also separate. Available capacity can change before a submitted trade executes. A user who sees room on one side of a market is not guaranteed the same capacity on the other side or at execution.
Pricing has two references. Jupiter displays Pyth prices as indicative data, but says orders execute at the on-chain DOVES price. The displayed Pyth price is therefore not the execution commitment. A trader must use the executed DOVES price when checking the entry or exit recorded for a position.
The fee schedule depends on the result. A winning move of 0.2 basis points or less produces no profit. Larger winning moves receive a profit adjustment, followed by a 2% fee on adjusted profit. Jupiter says losing trades have no trading fee, while wallet network fees still apply.
The house pool controls profit payment The house takes the opposite side of every position. Trader losses fund it, and trader profits are claims on its available funds. That makes pool liquidity part of the settlement path for a winning trade.
Closing a position returns the trader’s remaining collateral immediately in $JupUSD. Profit follows a different path. If the house can cover the profit, it can pay from the pool. If the house cannot cover it, the unpaid amount enters a queue. Earlier winning claims receive payment first when new trader losses replenish the pool.
Jupiter gives no fixed waiting time for queued profit. Its rules state that queued profit may never be paid. A closed position therefore fixes the trading result without guaranteeing that all profit has reached the wallet. The distinction matters when a trader evaluates available funds after closing. Returned collateral and unpaid profit do not have the same liquidity.
Position history also has a short finalization period. Jupiter says closed positions finalize on chain in about 15 seconds. Until finality, the history view labels the close as finalizing. Users checking a recent close need to distinguish this brief on-chain state from the separate profit queue, which has no guaranteed payment time.
What changes for traders and operators For traders, the full stake can disappear after a small adverse move because the available leverage begins at 500 times. There is no stop-loss order to cap that process from within the product. Risk control therefore happens through the collateral committed before execution and through a manual close while the position remains open.
A profitable close creates a second risk to track. The trade can finish in profit while some or all of that profit remains unpaid. Jupiter says queued claims are paid automatically to the wallet as the pool receives funds, but the queue is first in, first out and has no deadline. Traders cannot treat a displayed profit and spendable wallet balance as interchangeable.
For wallet interfaces, portfolio trackers, and accounting systems, a closed position can have three distinct states: collateral returned, close awaiting on-chain finality, and profit queued for payment. Systems that record only open or closed status can miss whether a winning claim is still outstanding. The product’s history label covers finalization, while the house queue determines payment.
Operators also need to account for capacity changing before execution. Long and short limits are separate, and the displayed Pyth price is indicative rather than the fill price. A trade preview can change in both available size and execution price by the time the order reaches the on-chain DOVES system.
The fee rules create another reconciliation step. A small favorable move can close without profit when it is at or below the stated threshold. A larger win is adjusted before the profit fee is charged. The resulting wallet payment can then differ from the raw price move shown on the chart, even before any profit enters the house queue. Network fees remain separate from that calculation.
The queue also separates trading performance from counterparty liquidity. Earlier unpaid wins have priority over later ones, and fresh trader losses replenish the pool used for payment. A later winner may therefore wait behind claims created before that trade closed. The rules promise automatic wallet payment when funds become available, but they do not promise when that replenishment will occur.
The unresolved issue is the durability of the house pool under one-sided winning flow. Jupiter’s rules explain the queue and payment order, but they do not give a maximum delay or a guaranteed backstop. The next observable milestone is whether queued profit appears and how quickly subsequent trader losses replenish the pool.
Tencent Open-Sources Hy Memory 2.0: 10 AI Tools Share Memory, Even Rolled-Back Code Can Be Traced
Beating AI Express News: Tencent Hunyuan has upgraded Hy Memory to version 2.0, open-sourcing its memory framework, dedicated model, and MemHub app all at once. The 1.0 version launched in May this year focused on chat memory, capable of tracking changes to the same matter, identifying and resolving contradictions, and inferring unstated user habits from multiple conversations. When users adjust their preferences, the system retains old records while remembering the latest decisions. Version 2.0 adds working memory and code memory: it tracks task progress, adopted approaches, and final outcomes, and checks if past experiences apply to similar tasks. Code memory goes further, integrating with Git logs to track modification histories of files and functions—even if code is rolled back, it can retrieve prior changes and identify previously tested solutions. The supporting MemHub connects memory across different AI tools, allowing 10 tools including Cursor, Codex, and Claude Code to share a single local memory. With user authorization, MemHub imports historical conversations and continuously syncs new records. For example, if project specifications are set in Cursor and development continues in Codex, the specifications can be directly retrieved without re-explaining. Tencent also trained a dedicated model, Hy-Memory-30B-A3B, with 30 billion total parameters, activating only about 3 billion at a time. It is responsible for filtering, organizing, and updating memory, and can integrate with existing frameworks like Mem0 and MemOS. Tencent tested four memory systems, with an average score of 55.49, slightly higher than Opus 5’s 54.62.
3 minutes ago
Tens of millions of USD in buy orders for HYPE are clustered at the $77 price level, with roughly 70% of these orders being newly added today.
According to TradingBeats monitoring, HYPE is trading at around $80.91. The $77–$78.12 range below the current price currently covers 10 buy orders totaling approximately 190,600 HYPE tokens, valued at around $14.8 million, which is 3.5% to 4.8% lower than the current price. Of this total, about $10.8 million is newly added today, accounting for roughly 73%.
The buy orders are mainly concentrated in four tiers:
- $77.44–$77.51: ~$8 million. Two buy orders of ~$4 million each, with related accounts currently holding no HYPE, belonging to long entry plans after a pullback; one order at $77.51 is newly added today (0x2c6f…).
- $78.12: ~$4.689 million. Two addresses with no current HYPE holdings placed buy orders of ~$3 million and ~$1.689 million respectively, both added early today (0xafe4…, 0x6cb9…).
- $77.149: ~$386,000. Corresponding to additional position-adding plans for existing longs (0x90db…).
- $77.08–$77.717: ~$1.726 million. Two existing short positions arranged for covering; based on current positions, after execution, they will mainly be used to reduce short positions (0x6749…, 0xb0f0…).
Based on current positions, approximately 88% of the buy orders correspond to new long entries or long position additions, while around 12% are for short covering.
3 minutes ago
Ronin Waypoint migration has entered its grace period and will be completely shut down on October 31.
Ronin officials announced that the migration of Ronin Waypoint has entered its final "grace period", running until 23:00 Beijing Time on October 31, 2026. Once the grace period concludes, Ronin Waypoint will be permanently shut down, marking the completion of the migration. Earlier, Ronin required users to transfer assets from their Waypoint wallets to Ronin Stash or mnemonic wallets by October 16, warning that untransferred assets may become inaccessible.
3 minutes ago
Tencent Hunyuan releases Hy Memory 2.0: fully open-sourced across three layers (model, framework, application), ranks first in open-source memory framework evaluations.
Beating AI Express News: Tencent Hunyuan announced the upgrade of its agent memory framework Hy Memory to version 2.0, and open-sourced the dedicated model Hy-Memory-30A3B, the memory framework itself, and the MemHub application. These three capabilities can be used independently or combined to form a complete memory solution.
The framework handles the storage, update, and evolution of three types of memory—chat, work, and code—ranking first among open-source memory frameworks on four benchmarks. The dedicated model scored 55.49 in evaluations across multiple memory systems including Hy Memory, Mem0, and MemOS, surpassing Opus5’s 54.62.
Hy Memory 2.0 upgrades chat memory from fragmented facts to complete event contexts, adds new work and code memory capabilities, and can judge the applicable conditions of experience to accurately assist in long-term tasks. As a local memory management app, MemHub supports CLI and Mac, connects to 10 AI tools including WorkBuddy, Cursor, and Codex, and enables historical memory import and real-time cross-tool synchronization.
This capability has been deployed in Tencent’s business lines including Stock Selector, iWiki, and Tencent News: Stock Selector’s multi-hop recall rate rose from 50% to 90%, with a comprehensive score improvement of 23.8%; iWiki’s answer accuracy when using only memory increased by 48.6% relative to providing all original conversations; Tencent News achieved an average long-term preference score of 91.68 points.
3 minutes ago
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
3 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
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.
Binance.US is seeking $100 million in financing to expand its U.S. crypto operations.
According to Bloomberg, people familiar with the matter said Binance.US is seeking to raise up to $100 million via private placement, targeting a valuation of around $1 billion, to expand its U.S. operations amid intensifying competition for digital asset clients. The fundraising is still ongoing, and the final size, valuation and investor composition could be adjusted. World Liberty Financial, a crypto project co-founded by former U.S. President Donald Trump, was aware of the fundraising, but another source familiar with the matter said the project is not participating at present. Spokespeople for Binance.US and World Liberty declined to comment.
Binance.US launched in 2019 and operates independently of the global Binance exchange, but Changpeng Zhao is a major shareholder of both companies. In 2022, Binance.US raised over $200 million in a round with a $4.5 billion pre-money valuation. After Binance Holdings reached a settlement with U.S. authorities in 2023, Binance.US lost significant market share and is now seeking to win back clients to compete with larger rivals. The firm has also explored new business lines such as prediction markets.
In terms of expansion plans, Binance.US is seeking to restore money transmitter licenses in some U.S. states and is discussing bringing in external trading liquidity, with potential sources including the global Binance exchange, though no specific plans have been finalized. The company appointed Stephen Gregory as its CEO earlier this year.
The fundraising plan comes as digital asset firms seek to capitalize on a more favorable U.S. regulatory environment, with existing exchanges expanding product offerings and overseas competitors looking to grow their U.S. operations. World Liberty has ties to Binance: According to Arkham data, Binance holds the majority supply of its USD1 stablecoin. USD1 was also used by an investment firm linked to the UAE leadership to purchase $2 billion in Binance equity.
1 seconds ago
Coinbase will suspend trading for NEON and SYND.
Coinbase Assets announced in a post that, based on recent asset reviews, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at approximately 3 AM Beijing time on November 17, 2026.
1 seconds ago
Binance.US is seeking $100 million in financing to expand its crypto operations.
Bloomberg reported that Binance.US is seeking to raise $100 million to expand its cryptocurrency business.
1 seconds ago
Stripe Co-founder: After acquiring Privy, its revenue rose approximately 9-fold, while wallet asset scale surged roughly 25 times.
Stripe co-founder Patrick Collison wrote that since Privy joined Stripe over a year ago, its wallet assets have grown roughly 25 times, monthly active developers have tripled, revenue has increased ninefold, and it now facilitates nearly $25 billion in transactions monthly. Companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features on Privy. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products to accelerate global expansion and feature development, and plans to launch a Link balance feature. Privy’s wallet infrastructure now supports AI agents for transactions and revenue generation, with use cases including Merit Systems and Nevermined. Collison forecasts that the agent economy will continue its rapid growth. The two sides are building a unified API that supports holding stablecoin balances and earning yields, fiat on- and off-ramps, and card-based spending. Collison also noted that significant integration work remains between Privy, Bridge, and Stripe’s other business units.
1 seconds ago
Multiliquid raises $8 million in seed funding, led by Polychain.
Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a total of $8 million across its Pre-Seed and Seed rounds. The latest Seed round was led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. Details on the amount raised in each round and valuations were not disclosed. Multiliquid is now live on Ethereum and Solana, enabling institutions to complete two-way conversions between tokenized assets and stablecoins at net asset value (NAV) in a single atomic transaction with simultaneous settlement. The platform serves asset issuers, institutional treasuries, DeFi lending protocols, and market makers, supporting use cases including reserve rebalancing, margin management, and yield strategy adjustments. Operating on a non-custodial model, it enforces transfer restrictions, identity verification, and issuer-defined compliance rules at the settlement layer, and has already begun processing initial pilot transactions. The funding will be used to expand the protocol engineering team, increase liquidity and trading platform partnerships, and integrate more tokenized cash and Treasury products on EVM networks and Solana. The company stated that it currently has no plans to issue a token.
1 seconds ago
Jensen Huang backs CoreWeave: The company’s financial conditions continue to improve and it does not require guarantees from NVIDIA.
Nvidia CEO Jensen Huang said data center operator CoreWeave’s financial health is improving. Nvidia is CoreWeave’s computing equipment supplier. Speaking at an event in Stockholm, Huang stated: “CoreWeave’s strength grows stronger every day.” He believes Nvidia does not need to provide financial guarantees for CoreWeave. “I am optimistic. In fact, their cost of capital is declining.” Earlier, credit market confidence in CoreWeave had deteriorated, with concerns rising over its default risk, and Huang is trying to restore market confidence in the company. CoreWeave is a key case testing the sustainability of business models for emerging AI infrastructure firms. These firms emerged to meet the nearly unlimited growth in AI computing power demand as described by companies like Nvidia. Backed by suppliers including Nvidia, CoreWeave and similar entities have taken on large amounts of debt, sparking market concerns about circular financing generating artificial demand.
Nillion clarifies its Layer 2 (L2) shutdown arrangements, stating that the project is now operating on the Ethereum mainnet.
Nillion has issued a clarification, announcing it will gradually shut down its Nillion L2 over the coming weeks, as the project is now operational on the Ethereum mainnet. Users still holding NIL tokens on the L2 are required to migrate their assets to Ethereum L1 before the shutdown, with a dedicated bridge portal provided. The team stated that the earlier post sparked concerns among some users, prompting this clarification, and emphasized that the adjustment is purely a maintenance operation.
24 minutes ago
CoreWeave’s expanded borrowing plan sparks market unease, with high-yield bonds continuing their decline.
Amid intensifying declines in high-yield bonds, credit risk for AI cloud computing firm CoreWeave hit an all-time high on Thursday. The company’s plans to further expand its borrowing scale have sparked concerns among bond investors. Data from ICE Data Services shows that the cost of CoreWeave’s five-year credit default swaps (CDS) rose by 74.5 basis points at one point to 1,194.5 basis points, marking an intraday all-time high. This means the swap market pricing reflects that the company’s default probability over the next five years exceeds 60%. Meanwhile, CoreWeave bonds were among the biggest decliners in the U.S. junk bond market on Thursday. The financing boom in the AI sector is unsettling bond investors, prompting the market to reassess credit risks for some large tech firms, as evidenced by surging credit default insurance prices, heightened market volatility, and weak bond performance. As an early entrant in the AI cloud computing space that relies heavily on the high-yield bond market to fund business expansion, CoreWeave has drawn particular attention.
24 minutes ago
Bitwise’s Chief Investment Officer (CIO): Bitcoin Likely to Benefit Long-Term, Regardless of AI Boom or Its Bubble Burst
Bitwise Chief Investment Officer Matt Hougan stated in a client report that Bitcoin is likely to benefit in the long run regardless of whether AI drives an economic boom, an investment bubble bursts, or the economy grows only moderately. In the scenario where the AI bubble bursts and triggers a recession similar to 2008, given AI’s geopolitical significance, he puts the probability of subsequent government bailouts at “nearly 100%”. Bitcoin may first face a sell-off before rallying sharply amid a surge in the money supply. If AI significantly lifts productivity and GDP while cutting costs in sectors like software and legal services, Hougan forecasts that scarce assets such as Bitcoin will appreciate. Should the economy sustain 3% growth, 4% interest rates and a near soft landing, Bitcoin will still be supported by ETF inflows, adoption by financial advisors, and allocations on corporate and sovereign balance sheets. He cautioned that Bitcoin will not rise in a straight line, with some scenarios potentially involving difficult initial phases. Threats including quantum computing, coordinated government crackdowns, or renewed fiscal austerity by Western governments could also undermine his thesis; he considers these scenarios unlikely but not impossible.
24 minutes ago
Bitcoin rebounds to break through $81,000
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with a 1.29% decline in the past 24 hours.
24 minutes ago
Bitcoin falls below $80,000
According to HTX market data, Bitcoin has fallen below $80,000, recording a 3.48% drop in the past 24 hours.
24 minutes ago
Nasdaq’s proposed $5 million market capitalization delisting threshold has sparked opposition from small U.S. businesses.
According to Bloomberg, Nasdaq plans to immediately suspend trading of listed companies with a market capitalization below $5 million for 30 consecutive days, followed by delisting, to curb market manipulation such as "pump and dump" schemes in micro-cap stocks. The proposal has faced opposition from small U.S. businesses; regulators put its rollout on hold last month and are soliciting further public comments. Bloomberg data shows more than 190 Nasdaq-listed companies currently have a market cap of no more than $5 million, with roughly one-third based in Asia and nearly half in the U.S. Opposing companies argue that natural price fluctuations stemming from low trading volume are not equivalent to market manipulation, and the proposal could deter financing and harm normally operating businesses. Unlike existing delisting rules for low share prices, which provide a 180-day correction period, the new proposal does not offer an extended grace period. Nasdaq, for its part, stated that securities assigned very low valuations by the market are more prone to volatility, posing an ongoing challenge to fair and orderly trading. NYSE American also proposed a similar $5 million threshold in March this year, and the U.S. Securities and Exchange Commission (SEC) has delayed a final vote as well.
Crypto wallet providers have brought trading, lending, and payments into their apps, with Phantom charging 0.85% on most swaps and MetaMask advertising up to 4% variable annual yield through Money Account.
Summary
Phantom and MetaMask charge swap fees, while Jupiter separates routing costs from additional wallet charges. MetaMask’s Money Account combines stablecoin yield, card spending and trading through one balance. Jupiter’s Auto-Earn deposits selected stablecoins into lending vaults, with separate controls for each token. Gasless transactions can deduct network costs from traded tokens rather than remove the fee. U.S. tax guidance treats crypto exchanges differently from transfers between a user’s own wallets. MetaMask, Phantom and Jupiter describe products that combine self-custody with financial services, although their documentation shows different approaches to trade execution, lending and transaction fees.
According to MetaMask’s Money Account guidance, users retain control of their funds while deposits earn returns through third-party DeFi platforms. Phantom’s swap documentation lists trading costs inside its app, while Jupiter describes a Solana wallet connected to its own routing and lending infrastructure.
Crypto wallets combine yield with spending and trading On June 30, MetaMask launched Money Account on Monad, as crypto.news previously reported, offering supported stablecoin conversions into mUSD alongside trading and card payments.
At launch, Consensys said deposits would enter smart contract vaults managed by Veda and curated by Steakhouse Financial. The company identified Morpho as the initial lending destination and said Aave markets would follow.
In its current help guide, MetaMask advertises up to 4% annual percentage yield and says the rate changes daily with market conditions. According to the guide, the displayed return is calculated after product and network fees, while moving funds to another network or into certain trading accounts can incur network charges.
For cardholders in eligible regions, MetaMask says Money Account balances can fund purchases directly. Its documentation also distinguishes mUSD held in a regular account, which does not automatically earn interest, from mUSD deposited into a Money Account.
Within Jupiter Wallet, the provider’s Auto-Earn documentation describes a different arrangement: users enable individual stablecoins for automatic deposits into Jupiter Lend’s earning vaults.
According to that guide, supported assets include USDC, USDT, JupUSD, EURC, USDG and USDS. While the wallet is unlocked, the extension checks balances hourly and deposits the full balance of an enabled token once it passes the selected threshold.
Jupiter says the feature applies to wallets using a seed phrase or private key, excluding Jupiter ID wallets. Its product guide adds that disabling Auto-Earn stops new deposits; funds already committed to lending remain there until withdrawn.
For deposits into Aave, the protocol’s supplying guide explains that tokens move into a smart contract liquidity pool where borrowers can access them. Aave says supply rates respond to borrowing activity and governance settings, rather than remain fixed.
In its risk documentation, Aave warns that software bugs, faulty price feeds and changes in collateral value can affect the protocol. The documentation lists audits, bug bounties and adjustable risk controls among its safeguards.
Built-in swaps carry different fees and routing choices According to Phantom’s fee guide, its 0.85% charge applies to most swaps, with exceptions including certain deposits into perpetual futures balances.
Phantom lists network fees separately and describes price impact as another cost of trading against onchain liquidity. For cross-chain swaps, its guide says bridge-provider fees currently sit within the price-impact figure, although users can inspect providers before confirming.
In MetaMask’s swap guide, the provider lists a 0.875% fee and explains that its service searches decentralized exchanges and swapping protocols. MetaMask says it does not itself supply the liquidity.
By comparison, Jupiter’s extension-wallet documentation lists trading fees of 0% to 0.5%, depending on the pair. According to Jupiter’s product page, the wallet adds no separate platform fee on top of its routing charge.
For execution protection, MetaMask says it privately auctions eligible transactions instead of placing them in the public queue where transactions wait for confirmation.
In the same guidance, MetaMask explains that bots can insert trades around a user’s order to profit from price changes, a practice known as a sandwich attack. The provider says private routing reduces harmful transaction-ordering risks but cannot guarantee protection in every case.
Jupiter also describes built-in protection against transaction-ordering attacks through Ultra, the routing engine used by its wallet.
Gasless tools change how users pay network costs Through its gasless-swap feature, MetaMask deducts the network cost from the token being exchanged when users lack enough of the chain’s native asset.
Its documentation lists Ethereum, BNB Smart Chain, Linea, Base, Arbitrum and Polygon as supported networks. MetaMask says a trade cannot use the feature when its value is below the gas cost.
For eligible Solana transactions, Jupiter says its wallet covers network costs and recovers the equivalent from the token received. Its product documentation excludes NFT transfers, limit orders, and recurring orders from gasless execution.
Phantom’s swap guide also describes gasless transactions on Solana and Ethereum-compatible networks when native-token balances cannot cover the network charge.
Wallet trading raises U.S. regulatory and tax questions Phantom’s investment in trading tools extends to staffing. In a July 1 report, CEO Brandon Millman said the company had hired three Ventuals creators for its trading and data teams after their Hyperliquid-based project closed its OpenAI and Anthropic perpetual markets.
For U.S. regulation, Phantom and the Hyperliquid Policy Center requested tailored CFTC rules in a submission covered on July 10.
According to the filing, the organizations argued that developers of decentralized trading software should not automatically register as exchanges or clearinghouses. They also argued that non-custodial wallet interfaces should not be treated as introducing brokers.
For American token holders, the IRS states that taxable digital-asset income, gains and losses must be reported regardless of whether a taxpayer receives an information statement.
The agency’s virtual-currency guidance distinguishes exchanges from transfers between wallets owned by the same person. According to the IRS, exchanging cryptocurrency held as a capital asset for another cryptocurrency requires recognizing a capital gain or loss, while transferring it between a user’s own wallets is generally non-taxable.
Transaction controls expand alongside wallet services In August, MetaMask launched Agent Wallet, allowing AI agents to transact under user-defined spending limits and protocol permissions.
According to MetaMask, its default Guard Mode pauses transactions that breach those rules for human approval. The company said eligible transactions pass through simulation and threat checks, with qualifying losses potentially covered up to $10,000 per month.
“The agent can act, but it acts inside the user’s boundaries,” MetaMask said.
For its own security infrastructure, Phantom announced the acquisition of Blowfish, bringing the fraud-protection team into the wallet company.
Jupiter’s extension documentation says its transaction protection detects hidden transfers inserted by malicious browser extensions. The same documentation lists support for Ledger, Keystone, and Trezor hardware wallets, while stating that the extension’s code is not currently open source.
JUP outpaced bitcoin and ether despite a 5.6% weekly pullback. Fees across Jupiter’s products fell to $16.82 million in the latest complete 28-day period.
JUP outpaced bitcoin and ether despite a 5.6% weekly pullback. Fees across Jupiter’s products fell to $16.82 million in the latest complete 28-day period.
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Jupiter’s JUP token has climbed about 51% over the past four weeks. The protocol’s fee revenue has been heading the other way.
That split is the interesting part. The explanation appears to sit in lending, a business Jupiter barely registered in until recently.
The numbers behind the rally Research findings put JUP’s 30-day gain somewhere between 48% and 55%, depending on the measurement window. That leaves the token trading in a range of roughly $0.33 to $0.38 as of October 2026.
The broader crypto market has been soft, with some protocols posting a pullback of around 6% on the week. JUP mostly ignored the weather.
It also ignored Solana. The research describes JUP’s price action as decoupled from SOL, the native token of the blockchain Jupiter runs on.
Jupiter Lend has now passed Kamino Finance to become the largest lending market on Solana. Its active loans and total value locked (TVL) sit between $1.21 billion and $1.41 billion, according to the research. TVL is the total value of assets users have deposited into a protocol, a rough gauge of how much money trusts the platform.
Active loans grew by 14% to 28% over the past month.
Fees tell a different story On the revenue side, the picture is more modest. Jupiter’s recent 30-day protocol fees have been running around $5.5 million.
Compare that with $580 million in fees during 2025, the protocol’s peak. The current monthly pace is a small fraction of last year’s haul.
Jupiter remains the clear leader in aggregation. It holds approximately 95% of the Solana aggregator market, according to the research. Its cumulative aggregator volume has topped $1.2 trillion.
Background: from swaps to loans For most of its life, Jupiter has been known as the place Solana traders go to swap tokens. Its aggregator volume made it one of the most heavily used applications on the chain.
Kamino Finance had held the top spot in Solana lending before Jupiter Lend overtook it. Kamino is still a major player. But losing the top position to a newcomer from the swap business signals how quickly users can migrate when a trusted brand offers a competing product.
What this means For JUP holders, the rally rests on a growth story rather than current earnings. With 30-day fees at around $5.5 million versus $580 million in fees during 2025, the gap between price momentum and fee generation is worth watching.
The key question is whether Jupiter Lend’s rising loan book translates into meaningful protocol revenue. A lending market with over a billion dollars in TVL can generate steady income from borrowing activity.
On the competitive front, Jupiter can promote its lending product to the traders already routing nearly all Solana aggregator volume through its interface. That distribution advantage is difficult for standalone lending protocols to match.
Concentration risk is the flip side. Jupiter already dominates aggregation, and it now leads lending too. More of the Solana DeFi ecosystem now runs through a single team’s products, which raises the stakes if anything goes wrong on the technical or governance side.
Traders should keep an eye on a few signals in the coming weeks. Watch whether Jupiter Lend’s TVL keeps growing or plateaus near the $1.21 billion to $1.41 billion range. Watch whether monthly fees stabilize or keep sliding. And watch whether JUP stays independent of SOL if the broader market weakens further.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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.
Starknet launches shadow accounts, enabling users to anonymously link their main wallets with DeFi activities.
According to an official announcement, Starknet has launched Shadow Accounts, allowing users to participate in public DeFi activities via an independent, self-controlled address while keeping the link between this address and their main wallet confidential. Shadow Accounts are independent pseudonymous addresses on Starknet, funded by users’ protected STRK20 balances. The first integration will launch tomorrow. While the balance, transaction history, and application positions of Shadow Accounts remain publicly visible on-chain, STRK20 protects the connection between these accounts and users’ main wallets. This means users do not need to hide their DeFi activities themselves, while reducing the likelihood that external observers can trace those activities back to their main wallets.
2 hours ago
Applied Materials forecasts its services business revenue will grow by more than 20% by 2026, and top $12 billion by 2030.
Applied Materials (AMAT.O) said it targets a non-GAAP gross margin of 54% and operating margin of 40% by 2030. It projects its services business revenue will grow by over 20% in 2026, and exceed $12 billion by 2030. The company plans to expand its R&D labs and manufacturing capacity to more than double current levels by 2030, return 80% to 100% of its free cash flow to shareholders by 2030, and lift its wafer fabrication equipment (WFE) market share by more than 2 percentage points between 2025 and 2030.
2 hours ago
Perspective: Bitcoin investors who accumulated positions at high levels have their cost prices capping upside potential, with selling pressure having notably eased.
Glassnode stated that the cost basis of investors who purchased Bitcoin at high levels continues to cap its upside potential. Following Bitcoin’s rebound to around $88,000, investors with 1 to 2-year holding periods sold off heavily, and this price level is also near the break-even point for investors who have held Bitcoin for 6 to 12 months. Bitcoin’s price subsequently faced resistance below this level, and this selling pressure has now eased significantly.
2 hours ago
21Shares Launches Synthetic Anthropic ETP on the Vienna Stock Exchange
21Shares has launched a synthetic Anthropic ETP on the Vienna Stock Exchange, trading under the ticker CLAU, providing investors with non-leveraged exposure linked to the pre-IPO implied valuation of the artificial intelligence startup. The ETP does not grant investors direct ownership of Anthropic shares, either before or after the firm goes public. The product accesses this exposure via total return swaps (TRS), tracking a reference rate compiled by Kaiko, which is calculated based on Anthropic’s perpetual futures prices on Binance.
2 hours ago
Ripple partners with Stripe-owned Privy to introduce embedded wallet functionality for the XRP Ledger.
Ripple has partnered with Stripe-owned wallet infrastructure firm Privy to integrate support for the XRP Ledger (XRPL) into Privy’s developer platform. The integration eliminates the need for developers to build their own wallet infrastructure, allowing them to add XRPL wallets to their applications with features including wallet creation and management, transaction signing, plus support for XRP, Ripple’s RLUSD stablecoin, and other assets on the network.
Jupiter has opened claims for its third-quarter Active Staking Rewards, and the pot is not small: 50 million JUP tokens are up for grabs.
The Solana-based DeFi aggregator began the claim process on or around October 13, 2026. The round covers the July through September 2026 staking period.
How the Q3 rewards work
Jupiter’s Active Staking Rewards program, known as ASR, runs on a quarterly cycle. Each round hands out tokens to people who stake JUP and stay engaged, rather than those who simply hold it in a wallet.
Rewards are calculated using a time-weighted average stake. Someone who staked a large amount on the final day doesn’t get credit for the full three months.
The payout lands in staked JUP, not liquid tokens. When users claim, the rewards go straight into their existing staked balance.
To qualify in recent quarters, stakers needed to hold an average of at least 50 JUP over the staking period.
Claims run through the Jupiter Rewards Hub at jup.ag/rewards. The claim window typically lasts about three months, followed by a cutoff for any pending support tickets.
Rewards left unclaimed after the window closes are not automatically distributed.
The staking numbers behind the round
As of mid-October 2026, total staked JUP exceeded 1.1 billion tokens, representing approximately 33% of JUP’s circulating supply. The stake is spread across more than 357,000 wallets.
The program produces an estimated annual percentage yield of around 18%.
Unstaking JUP requires a cooldown period, so tokens can’t be pulled out the instant market conditions change.
Background: why Jupiter pays stakers
The ASR mechanism redistributes rewards from community allocations. Staked JUP also carries voting power in the Jupiter DAO.
The Q3 round follows earlier ASR distributions in the first and second quarters of 2026.
What this means for JUP holders and the DAO
A 50 million JUP distribution arrives as staked JUP, so it doesn’t immediately hit the open market. Holders weighing the roughly 18% estimated yield should keep in mind that it’s paid in the same asset they already hold.
Since rewards auto-compound into staked balances, consistent stakers gain voting weight quarter after quarter. Stakers who miss the claim window slowly lose relative influence.
The three-month claim window and the lack of automatic distribution mean that inattentive stakers can leave tokens on the table.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
UnityWallet, 2018 yılında Savl adı altında kurulan ve 2024 Eylül ayında Unity Wallet olarak yeniden markalanan (rebrand) bir kripto cüzdanıdır. Kullanıcıların kendi özel anahtarlarını kontrol ettiği (self-custodial) mobil bir uygulamadır. Platform verilerine göre 1 milyondan fazla cüzdan oluşturulduğu ve 100’den fazla ülkede hizmet verdiği raporlanmaktadır.
Uygulama, kripto varlıkların saklanması, takası, getiri elde edilmesi, NFT yönetimi ve Web3 uygulamalarına bağlantı gibi işlevleri bir arada sunar. UNT, platformun kendi çıkardığı utility ve ödül token’ıdır. Solana blockchain üzerinde çalışır ve kullanıcı aktivitesine dayalı ödüllendirme mekanizmasıyla ekosistemi destekler.
UnityWallet’in sunduğu özellikleri yakından incelemek isteyen kullanıcılar, UnityWallet uygulamasına buradan erişerek desteklenen ağları, cüzdan yönetimini ve uygulama içerisindeki Web3 araçlarını keşfedebilir.
Üst Yönetim ve Önemli İsimler COO pozisyonunda James Toledano görev yapmaktadır. James Toledano, fintech sektöründeki deneyimiyle çeşitli yayınlarda görüşlerine yer verilen bir isimdir.
CTO pozisyonunda Viktor Sidochenko yer almaktadır. Ekip bilgileri üçüncü taraf kaynaklar ve profesyonel veritabanları üzerinden takip edilmiştir. Resmi sitede detaylı takım sayfası sınırlı kalmaktadır.
Proje Fikri ve Vizyonu Proje, kripto para yönetimini tek bir mobil uygulamada toplamayı amaçlar. Fintech’in kullanıcı dostu yaklaşımını DeFi fırsatlarıyla birleştirerek, kriptoyu daha geniş kitleler için erişilebilir hale getirmeyi hedefler.
UnityWallet Ekosistem Yapısı UnityWallet ekosistemi; işlem, getiri (yield) ve teşvik mekanizmalarını tek bir bütünleşik yapı içinde birleştirir. Çok zincirli (multi-chain) mimari, modüler ödül sistemleri ve birleşik arayüz tasarımı sayesinde kullanıcı davranışı, varlık akışı ve token ekonomisi birbirini besleyen bir döngü oluşturur.
Bu yapı sayesinde kullanıcılar farklı cüzdanlar kullanmak zorunda kalmaz. UnityWallet, tüm zincirleri tek bir “finansal merkez” altında toplayan bir “Money App” yaklaşımı sunar.
Uygulama Nasıl Çalışır? UnityWallet ekosistemi üç ana bileşen üzerinden çalışır:
1. UnityWallet Uygulaması
UnityWallet üzerinden kripto para transferi, swap ve portföy yönetimi gibi işlemler tek bir arayüzden gerçekleştirilebilir. Uygulamanın nasıl çalıştığını görmek isteyenler, UnityWallet’i açarak cüzdan özelliklerini inceleyebilir.
Kullanıcının tüm işlemleri yaptığı ana merkezdir. Swap, transfer, on-ramp/off-ramp ve portföy yönetimi burada gerçekleşir.
2. UNT Token
Ekosistemin ekonomik motorudur. Kullanım alanları:
Cashback ve ödül mekanizması Sadakat seviyeleri Ücret indirimleri Premium özellikler Partner entegrasyonları 3. Ekosistem Programları
Airdrop, loyalty ve cashback sistemleriyle kullanıcı aktivitesi sürekli teşvik edilir.
Sistem “kullanıcı etkileşimi → ödül → daha fazla kullanım” döngüsüyle çalışır.
Web3 Ortaklık ve Hizmet Ağı Hizmet Sağlayıcılar: Kripto değişim platformları, ödeme köprüleri ve günlük yaşam entegrasyonları ile sorunsuz alım-satım ve harcama imkanı sunar. (Örn: Changelly, 1inch, Jupiter, LetsExchange, Bitrefill) Güvenilir Güvenlik Ortakları: İşlem güvenliğini en üst düzeye çıkaran, KYT (Know Your Transaction) denetimlerini gerçekleştiren ve risk analizi yapan profesyonel kuruluşlar. (Örn: Coinfirm, Sumsub) Bilgi Sağlayıcılar: Piyasa verilerini, fiyat akışlarını ve blockchain verilerini anlık olarak sağlayan öncü platformlar. (Örn: CoinMarketCap, Blockchair) Teknik Ortaklıklar: Cüzdanın altyapısını güçlendiren, DApp bağlantılarını optimize eden ve teknik entegrasyonları hızlandıran inovatif partnerler. (Örn: WalletConnect, Crystal, Ramp Network)
Öne Çıkan Özellikler Uygulama geniş bir Web3 araç seti sunar:
Yapay Zeka Asistanı: Kripto ve Web3 işlemlerinde rehberlik sağlar. KYT (Know Your Transaction): Adres risk analizi ve PDF rapor üretimi yapar. Swap ve Trading: Çoklu zincirlerde yüzlerce işlem çiftiyle takas imkanı sunar. Loyalty Programı: Uygulama içi aktiviteler üzerinden ödül sistemi çalışır. Perpetual Futures: Türev işlemlerle fiyat hareketlerine erişim sağlar. Stake ve Getiri: Desteklenen ağlarda pasif gelir imkanı sunar. NFT ve WalletConnect: NFT yönetimi ve dApp bağlantısı sağlar. Alışveriş Entegrasyonu: Kripto ile 4.000+ ürün ve hizmete erişim sunar. Mesajlaşma ve Topluluk: Şifreli iletişim ve sosyal ağ özellikleri içerir. Bitcoin, Ethereum, Solana ve diğer desteklenen ağlardaki varlıklarını tek uygulamadan yönetmek isteyen kullanıcılar, UnityWallet uygulamasına erişerek mevcut özellikleri ve desteklenen kripto para birimlerini inceleyebilir.
Yol Haritası Litepaper’da üç aşamalı bir gelişim planı tanımlanır (bağlayıcı olmayan, yüksek seviyeli bir çerçeve):
Layer 1 – Everyday Finance: Günlük kullanım kolaylıkları (düşük ücretli transferler, yerel fiat giriş-çıkışı, AI otomasyonları ve KYT). 2026’nın 2. çeyreğinden itibaren UNT utility’lerinin önemli kısmının devreye alınması planlanmaktadır. Layer 2 – Advanced Features: Gelişmiş işlem araçları ve ek güvenlik katmanları. Layer 3 – UnityWallet Universe: Kripto kartlar, genişletilmiş getiri ürünleri ve yeni proje lansman araçları gibi ekosistem genişletmeleri. Planlar piyasa koşulları ve ürün geliştirme sürecine bağlı olarak değişebilir.
UNT Token Yapısı UNT, UnityWallet ekosisteminin temel varlığıdır. Kullanıcı etkileşimini teşvik eden, ödül mekanizmalarını yöneten ve ekosistem büyümesini destekleyen utility odaklı bir tokendir.
Solana SPL standardı üzerine inşa edilen UNT, yüksek işlem hızı, düşük maliyet ve ölçeklenebilirlik avantajı ile milyonlarca kullanıcıya uygun bir altyapı sunar.
Geleneksel platform token’larının aksine UNT, spekülasyon yerine gerçek kullanım verisine, likidite akışına ve ürün kullanımına dayalı bir değer modeli benimser.
Kullanım Alanları 1. Cashback ve Sadakat Ödülleri
Kullanıcılar işlem yaptıkça UNT kazanır. Uzun vadeli aktivite ve sadakat seviyeleri ödül oranlarını artırır.
2. Ekosistem Kullanımı
Premium özellikler, işlem ücreti indirimleri ve gelişmiş getiri stratejilerine erişim sağlar.
3. Sadakat Katmanları
UNT kullanımı ile farklı seviyeler açılır:
Daha düşük işlem ücretleri Cashback artışları Gelişmiş güvenlik araçları KYT doğrulama sistemleri Alt hesap yönetimi 4. Güvenlik ve Akıllı Sistemler
UNT aynı zamanda güvenlik ve analiz altyapısında kullanılır:
Risk bildirim sistemleri Gelişmiş koruma araçları AI destekli cüzdan analizleri Veri odaklı dashboard sistemleri 5. Ekosistem Büyümesi
UNT, yeni projeler için ekonomik bir altyapı sağlar:
UnityWallet içinde listeleme modeli Tanıtım ve görünürlük mekanizmaları ICM (Internet Capital Markets) üzerinden yeni proje lansmanları 6. Topluluk Katılımı
Kullanıcılar görevler, kampanyalar ve ekosistem aktivitelerine katılarak ödül kazanabilir.
Token Bilgileri Token Adı: UnityWallet Token Kısaltma: UNT Blockchain: Solana (SPL) Toplam Arz: 1.000.000.000 UNT Dolaşımdaki Arz (Nisan 2026): ~657 milyon UNT Fiyat Aralığı: 0.058 – 0.064 USD Token Dağılımı Airdrop — 200 milyon UNT (%20) → Lansmanda tamamen serbest Likidite ve Piyasa Yapıcılık — 125 milyon UNT (%12,5) → Lansmanda tamamen serbest Cashback Havuzu — 120 milyon UNT (%12) → Lansmanda tamamen serbest Takım — 150 milyon UNT (%15) → 24 ay vesting, 9 ay cliff Özel Tur Yatırımcıları — 150 milyon UNT (%15) → 24 ay vesting, 9 ay cliff Erken Destekçiler — 30 milyon UNT (%3) → 12 ay vesting, 6 ay cliff Hazine — 225 milyon UNT (%22,5) → 12 ay vesting, 3 ay cliff ile %30 açılış Bu yapı, erken satış baskısını sınırlamayı ve uzun vadeli uyumu destekler.
Ekosistem ve Öne Çıkan Yönler UnityWallet, birden fazla blockchain’i destekleyen ve çeşitli araçları tek uygulamada toplayan bir yapı sunar. 2018’den beri devam eden geçmişi (Savl dönemi dahil), KYT gibi risk değerlendirme aracı ve Sui gibi hızlı ağ entegrasyonları öne çıkan teknik yönler arasındadır. Çok zincirli destek kullanıcı esnekliğini artırır.
Değerlendirme UnityWallet, self-custodial cüzdanlar arasında günlük kullanım odaklı özellikleriyle dikkat çeker. UNT token’ı, ekosistem içindeki aktiviteyi teşvik etmek için tasarlanmıştır. 2026’da Layer 1 utility’lerinin rollout’u ile kullanıcı tabanını genişletmesi beklenir. Proje, güvenlik ve kullanım kolaylığı arasında denge kurar; kripto sektöründeki riskler ise (volatilite, regülasyon, rekabet) geçerliliğini korur.
UnityWallet’in çoklu blockchain desteğini, Web3 entegrasyonlarını ve cüzdan özelliklerini yakından incelemek isteyenler, UnityWallet uygulamasını buradan keşfedebilir.
Resmi Kaynaklar ve Dokümantasyon Website Twitter Docs Youtube Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Jupiter [JUP] is up more than 15% in the past 24 hours, taking weekly gains to double-digits. Over the past month, Jupiter has surged 48%, while its year-to-date (YTD) gains are past 100%.
Solana lending market grows on Jupiter, but signals are mixed Jupiter is surging due to the growth in its lending market.
As per DefiLlama, Jupiter flipped Kamino Finance [KMNO] to become Solana’s largest lending market with $1.214 billion in active loans. This was almost half of all capital borrowed on Solana, and it represented a 14% growth over the past 30 days.
Active loans on Kamino Finance accounted for $981 million. This figure was equivalent to a 4.75% decline over the same period.
Source: DefiLlama As a result, the Total Value Locked (TVL) of Jupiter has grown by over $500 million since mid-August.
However, that has fueled mixed trader activity, though buying is dominating. Whales were bullish across all exchanges, but retailers and smart money on OKX were bearish.
Source: CoinGlass On Binance, the Long/Short ratio for retail, whales, and smart money is above 1.43, indicating larger holder positioning. Retailers on Bybit were the most optimistic, with a ratio of 2.19, contrary to those on OKX, at 0.84.
Even Jupiter’s Strategic Reserve, Litterbox, accumulated 208,176 JUP, bringing this month’s total to 1.023 million tokens. The protocol’s total buyback is at 175.35 million, with over 134 million tokens burnt.
Thus, the growth of the lending market and the buying pressure from both market participants and the Jupiter team contributed to the price uptick.
Can Jupiter reclaim the $0.45 zone as support? On the charts, Jupiter broke out from a sideways range market that traded between $0.3136 and $0.3505. This range consolidation has lasted for about two weeks.
Currently, the Bull Bear Power (BBP) has turned green with its huge bars indicating buyer momentum. This observation puts $0.45 into focus as the next target zone, which could then be flipped into support.
Otherwise, the price may decide to retest the breakout at $0.35, and failure to hold above it would expose $0.3136.
Source: JUP/USDT on TradingView It is worth noting that Jupiter is decoupling from Solana’s price movement, despite its lending dominance on the chain. The Correlation Coefficient with SOL is at -0.27, showing JUP price is rising while Solana is falling.
This lack of synchronization puts the rally at risk, especially as the sentiment of the Solana ecosystem worsens. Thus, growth in the lending market cannot by itself keep the prices of Jupiter surging.
Final Summary Jupiter rallied over 15% in the past 24 hours after flipping Kamino Finance to become the largest lending market on Solana. JUP broke out from a sideways range, but a lack of synchronization in prices in the Solana ecosystem could cap its uptrend.
Jupiter price has gained more than 50% over the past month, but resistance near $0.38–$0.40 stands between its recent recovery and a further October advance.
Summary
Jupiter price gained roughly 51% over the month, trading near $0.37 on Oct. 8. Daily price held above the 20-day, 50-day, 100-day and 200-day moving averages. Weekly ADX reached 29.43, while daily RSI approached the overbought threshold at 68.88. Analyst Nehal identified $0.69 as a conditional breakout target, without setting an October deadline. MetaMask’s Oct. 8 market data put Jupiter at $0.3673, up approximately 51.37% from $0.2427 a month earlier. The same snapshot recorded a market capitalization near $1.22 billion and roughly $179.69 million in 24-hour trading volume.
TradingView’s Binance JUP/USDT daily chart showed a similar price near $0.3691 later that day, with a session high of $0.3881. The move brought Jupiter close to $0.40 after a recovery from its September lows.
Jupiter approaches the $0.38–$0.40 resistance zone TradingView’s daily chart shows JUP advancing from a broad base formed through much of 2026. Price repeatedly traded around $0.14–$0.25 before moving above that area in September and extending toward $0.38.
The recent rise has included sharp reversals. CoinGlass’s one-month price trace shows JUP falling toward $0.21 around Sep. 16, climbing toward $0.37 late in September, and then retreating toward $0.31 before its latest rebound.
At approximately $0.3691, Jupiter remained about 5% below the Oct. 8 daily high of $0.3881. A move to $0.40 would represent a further gain of roughly 8.4% from that chart price.
Analyst Nehal identified $0.38–$0.40 as the next resistance zone in an Oct. 8 post. He described Jupiter as having broken above a multi-month accumulation structure and reclaimed its upper trendline.
$JUP looks like it has finally broken out of a multi-month accumulation structure.
Price reclaimed the upper trendline and is now pushing into the next resistance zone around $0.38–$0.40.
If that breakout holds, the next major target is around $0.69 — roughly +82% from here. pic.twitter.com/rc8BK2lsvT
— Nehal (@nehalzzzz1) October 8, 2026 His chart places the recent advance above a narrowing formation that developed over several months. Under that interpretation, holding above the former upper boundary would support the breakout, while a return inside the structure would weaken it.
Globe Of Crypto also published a chart showing Jupiter above a descending resistance line. The account reported a 70% gain on its earlier trading call, a separate measure from JUP’s approximately 51% monthly price increase.
Daily moving averages support the recovery TradingView’s daily chart placed Jupiter above four simple moving averages: the 20-day at $0.3274, the 50-day at $0.2669, the 100-day at $0.2316 and the 200-day at $0.2087.
Jupiter price daily chart — Oct. 8 | Source: TradingView The averages were also ordered from the shortest to the longest, with the 20-day above the 50-day, followed by the 100-day and 200-day. That arrangement is consistent with the upward trend visible in the recent daily price structure.
The closest moving-average reference is $0.3274, around 11.3% below the chart price. It sits within the $0.32–$0.33 area where JUP traded repeatedly during its recent consolidation.
TradingView’s daily relative strength index stood at 68.88, above its displayed average of 65.32. The reading remained below the conventional 70 overbought threshold, although it was close enough to make momentum a key part of the next resistance test.
A further price advance accompanied by a stronger RSI would extend the current momentum. Conversely, a lower RSI reading during another attempt at $0.38–$0.40 would weaken the momentum support for that attempt.
Below the nearest moving average, $0.30 is another visible reference on the daily chart and CoinGlass price trace. A deeper retreat would bring the 50-day average near $0.267 into view.
Weekly momentum strengthens as liquidation bands gather overhead TradingView’s weekly chart showed JUP near $0.3692, above the upper Bollinger Band at $0.3577. The indicator’s middle band, based on a 20-week simple moving average, stood at $0.2316, while the lower band was $0.1055.
Jupiter weekly chart — Oct. 8 | Source: TradingView Price above the upper band reflects how far the recent advance has stretched beyond its weekly average. A sustained move there would extend the strength visible in the rally; a retreat below $0.3577 would place Jupiter back inside the bands.
The weekly average directional index reached 29.43 and had risen from its recent trough. An ADX reading above 25 commonly indicates an established trend, although the indicator measures strength rather than direction.
CoinGlass’s one-month liquidation heatmap showed several overhead bands around $0.375–$0.385, with additional concentrations near $0.39–$0.40. Their location overlaps the resistance zone identified by Nehal.
Jupiter liquidation heatmap | Source: CoinGlass Below price, the heatmap displayed bands around $0.35–$0.36, $0.32–$0.33, and $0.30. Those areas provide nearby references for leveraged positioning if Jupiter reverses from resistance.
The price trace also shows the scale of the latest rebound: JUP recovered from around $0.31 toward $0.39 before pulling back toward $0.37. That swing leaves both the recent high and the rebound’s starting area relevant to October trading.
A $0.40 breakout would strengthen the October upside case The daily chart places $0.3881 as the immediate high to clear before $0.40. Holding above that zone would strengthen the chart-based case for extending the recovery toward earlier trading areas around $0.42–$0.44.
Nehal’s broader target sits near $0.69, conditional on the breakout holding. His post described that level as roughly 82% above the price used in his analysis, but did not specify when Jupiter might reach it.
At the Oct. 8 TradingView price, $0.69 would require an additional gain of approximately 87%. The nearer October test remains whether JUP can clear $0.38–$0.40 while preserving support around $0.35 and $0.3274.
For U.S. holders taking profits during the rally, the IRS states that selling or exchanging digital assets held as investments can create a capital gain or loss. Assets held for one year or less generally produce a short-term gain or loss upon disposal.
A rejection at resistance followed by a loss of $0.32–$0.33 would weaken Jupiter’s immediate recovery structure. Holding that area through a pullback would preserve the nearest daily support beneath another attempt at $0.40.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Oracle is putting natural gas on trucks to keep some of its AI data centers running. The reason is simple: the pipelines that are supposed to deliver that gas are not ready yet.
The company now appears to be considering the same approach for Project Jupiter, its massive AI campus in New Mexico. That project’s dedicated gas pipeline has been delayed by state permitting problems. Trucking gas works. It is also estimated to cost about four times as much as pipeline gas.
Gas on wheels Oracle is already relying on trucked compressed natural gas at AI data center sites in Salt Lake City and in Shackelford County, Texas. Suppliers including Certarus and VoltaGrid are providing the fuel.
Oracle treats the arrangement as temporary. The trucks fill the gap until permanent pipeline infrastructure is built.
The economics are the catch. Trucked gas is estimated to run approximately four times the cost of gas delivered by pipeline. Keeping a power-hungry facility online also requires frequent, large shipments, which adds a logistics headache on top of the price premium.
Project Jupiter’s pipeline problem Project Jupiter sits on a 1,400-acre campus in New Mexico. It is designed to host up to approximately 2.45 GW of power generation from Bloom Energy fuel cells.
That supply was supposed to come from the Green Chile Project pipeline. Its in-service date was originally August 15, 2026. It has now been pushed to February 1, 2027.
The delay followed two permit rejections by the New Mexico State Land Office.
Trucked gas is the backup plan under consideration for Jupiter.
A force majeure notice and a public reassurance On September 24, 2026, Oracle issued a force majeure notice to its developer over power-supply risks. At the same time, Oracle has publicly maintained that Project Jupiter remains on schedule for its 2028 target completion.
What this means for AI infrastructure For Oracle, the cost question is the most immediate. Paying roughly four times more for fuel, even temporarily, puts pressure on the economics of energy-intensive facilities. The longer pipeline delays drag on, the longer that premium lasts.
The key dates are now clear. February 1, 2027 is the revised in-service target for the Green Chile Project pipeline. 2028 is Oracle’s stated completion goal for Project Jupiter. Any further slippage on the pipeline would narrow the margin between those two dates.
The New Mexico State Land Office has already rejected permits twice. How that process unfolds will likely determine whether trucked gas stays a short bridge or becomes a longer, costlier detour.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
After first opening its doors to the public in August 2025, Jupiter Lend has flipped market leader Kamino to assert itself as Solana DeFi’s biggest lending protocol by TVL.
Meanwhile, competition is mounting elsewhere in Solana’s credit markets. Loopscale has joined forces with Orca, one of Solana’s premier DEXs, forming a new rival DeFi conglomerate to challenge the incumbent leaders.
A long term favorite among Solana lenders, Kamino maintains a slim edge in interest paid to depositors. But can the OG fend off Jupiter’s rising TVL and expanding yield payouts?
Jupiter Lend Claims Lead in Solana Credit Market Race Superapp by name, superapp by nature. Jupiter Lend, the credit and yield arm of Jupiter’s expansive DeFi product suite, has established itself as Solana’s largest lending protocol by TVL and deposits.
According to Blockworks data, Jupiter Lend has amassed over $2.6B in deposits, edging out Kamino’s $2.57B. Onchain data suggests that Jupiter Lend is also more popular among borrowers, leading Kamino on total loans by $1.07B to $982M.
Much of Jupiter Lend’s recent deposit growth can be attributed to its institutional vaults. While Jupiter is commonly known as a retail-friendly and accessible venue, professional vaults managed by institutional names like Bitwise and Sentora represent over $626M in Jupiter Lend deposits.
Comparatively, Kamino boasts a much wider range of vault products, with 33 offerings from managers like Sentora, Steakhouse, and RockawayX. But despite a broader range of partners, the total value deposited in Kamino vaults sits at $444M, around -29% lower than its rival.
Kamino Depositors Out-Earned in September, But Will it Last? While Jupiter may have taken top spot in sheer deposit value and TVL, Kamino maintains a narrow lead in interest paid to depositors. Blockworks data suggests that in September, Kamino depositors earned over $4.2M in interest, edging out the $3.7M earned by Jupiter Lend depositors in the same time period.
However, changes in TVL rankings and utilization rates suggest that Jupiter Lend may eclipse Kamino in terms of interest generated in the near term. Should Jupiter Lend continue its current growth trajectory, one could reasonably expect that the new market leader will overtake the incumbent in the coming weeks.
Formation Rises to Challenge Solana DeFi Titans Kamino and Jupiter Lend may be locked in a fierce competition for credit market supremacy, but an emerging competitor is amassing more liquidity and firepower.
On October 7th, Loopscale, a rival lending protocol, and Orca, an OG Solana DEX, announced a merger, joining forces to operate as Formation, a new DeFi conglomerate. The merger continues a trend of horizontal growth for Solana’s leading DeFi venues.
Jupiter started as a simple DEX aggregator and expanded into a wealth of other DeFi verticals, like perps, lending, a wallet, and other products. Kamino is best known for its credit layer, but also built a meta-DEX aggregator into its wider product line. Raydium has broken out into perps and launchpad infrastructure, while pump has rolled out its own AMM and social trading app.
Orca and Loopscale’s recent merger reinforces the belief that all protocols are converging into becoming their own superapps, building out a full stack product suite that answers all user needs.
Courtesy of its industry-leading DEX aggregator, widespread userbase, and newly crowned lending market, Jupiter now commands a strong lead in the superapp race.
Read More on SolanaFloor What’s going on with $ORCA?
$ORCA Up 84% As DAO Weighs Up Potential Credit Market Acquisition
Bitcoin and Ethereum retreat while Jupiter, Raydium and NEAR advance. October 8 charts map key support, resistance, and confirmation levels for five coins.
Asset Aggregate price 24-hour change Aggregate 24-hour volume Bitcoin $82,722 -1.74% $35.29 billion Ethereum $2,563.70 -1.89% $16.35 billion Jupiter $0.372271 +13.64% $141.87 million Raydium $2.43 +9.54% $218.16 million NEAR Protocol $5.33 +7.92% $1.08 billion Bitcoin RSI Falls Toward Neutral as Price Tests $82,720 Bitcoin closed October 7 at $83,276.10 on Kraken, down 2.65% from $85,542.10. The session fell from a $85,588.90 high to $82,720.30, erasing the preceding three completed candles’ recovery.
BTC/USD daily candles and Wilder RSI (14); daily momentum fell toward neutral while four-hour RSI approached oversold territory. Daily RSI, calculated over 14 periods with Wilder smoothing, fell to 52.84 from 63.45. Momentum therefore remains slightly above the neutral 50 line, but the 10.61-point decline shows a substantial loss of strength.
The final completed four-hour candle carried an RSI of 32.55, placing short-term momentum close to the conventional oversold threshold without confirming a daily oversold condition.
The $82,720–$82,920 zone is the first completed-candle support area. CoinGecko’s $82,722 quote was testing its lower boundary at the cutoff.
A daily close below $82,720 would confirm a break and expose the September 28 low at $82,566, followed by the September 21 low near $80,840.
For recovery, BTC needs to reclaim $83,861–$84,432 on a daily close. Clearing that band would reopen $85,589 and the $86,683–$86,974 resistance cluster.
A move above $84,432 that subsequently closes below $83,861 would weaken the first bullish confirmation.
Compared with the October 6 aggregate snapshot of $85,489, Bitcoin was approximately 3.2% lower at today’s cutoff.
Ethereum Trades Below the First Fibonacci Recovery Level Ethereum closed October 7 at $2,572.75, down 4.62% from $2,697.24. The candle reached $2,533.10 after opening at $2,697.15, producing the sharpest completed daily decline among today’s two core assets.
ETH/USD daily candles with Fibonacci retracements of the October 2–7 decline; price remains below the first recovery level. The Fibonacci map measures a prospective recovery of the downswing from the October 2 high of $2,776.46 to the October 7 low of $2,533.10.
The principal retracement levels are:
Ratio Price 23.6% $2,590.53 38.2% $2,626.06 50% $2,654.78 61.8% $2,683.50 The completed close and the later $2,563.70 aggregate quote remained below the 23.6% level. A daily close above $2,590.53 would mark the first recovery step, while clearing $2,626.06 would strengthen the rebound toward the midpoint at $2,654.78.
A close back below $2,590 after an upside break would invalidate the initial signal.
On the downside, $2,533.10 is the immediate closing-confirmation level. Losing it would expose the $2,500 area, followed by the September 14–16 price structure around $2,465–$2,480.
The Fibonacci levels describe conditional recovery resistance; they are not projected outcomes.
ETH has declined about 1.9% from Wednesday’s $2,613.93 aggregate snapshot.
Jupiter Approaches Its Upper Bollinger Band Intraday Jupiter closed October 7 at $0.35866, up 2.06% from $0.35142. The completed candle ranged from $0.31257 to $0.36006, recovering from an early decline but stopping below the September 27 high at $0.37472.
JUP/USD daily candles with 20-day Bollinger Bands; the live price approached the upper band without closing confirmation. Daily Bollinger Bands, calculated with a 20-day simple moving average and two population standard deviations, place the midpoint at $0.32219, the upper band at $0.37571, and the lower band at $0.26867.
CoinGecko’s later $0.372271 quote approached the upper band, but that move remained intraday and does not confirm a daily breakout. CoinGecko placed JUP at rank 71 and reported a 24-hour range of approximately $0.3126–$0.3746 around the report window.
A daily close above the $0.37472–$0.37571 resistance cluster would clear both the recent swing high and the current upper band.
That would establish a new 30-day high and place the psychological $0.40 area in focus. Because Bollinger Bands change with every close, the band should be recalculated before treating it as a later target or invalidation level.
Failure to close above resistance would keep JUP range-bound. Initial support lies at $0.35000–$0.35866. A close below $0.350 would expose $0.32901 and the 20-day midpoint near $0.32219.
Losing the midpoint would invalidate the latest upper-range advance and shift attention toward $0.305.
Raydium Confirms a Bullish Daily MACD Crossover Raydium closed October 7 at $2.469, up 12.74% from $2.190. The session traded as high as $2.568, establishing a new 30-day high before giving back part of the advance.
RAY/USD daily candles and MACD (12,26,9); the completed session confirmed a bullish line-signal crossover above zero. Daily MACD, using 12- and 26-period exponential moving averages with a nine-period signal line, confirmed a bullish line-signal crossover on the completed candle.
The MACD line rose to 0.2345 above the 0.2257 signal line, while the histogram changed from -0.0088 to +0.0088.
Both lines remain above zero, supporting a positive medium-term momentum reading.
The completed crossover does not confirm a price breakout above $2.568. RAY needs a daily close above that high to extend the structure.
Such a close would leave limited recent resistance and bring the older $2.65–$2.72 area into consideration. A return below $2.568 after a breakout would weaken that confirmation.
Support spans $2.108–$2.241, covering the latest two sessions’ lows and the October 5 close. A daily close below $2.108 would weaken the crossover’s price confirmation and expose $1.996, followed by $1.846–$1.868.
Raydium’s rank of 100 places it exactly at the eligibility boundary at the report cutoff; later ranking changes do not alter its cutoff qualification.
NEAR Holds Above Rising 20-Day and 50-Day EMAs NEAR closed October 7 at $5.3349, up 5.18% from $5.0723. The candle traded between $4.89 and $5.4612, recovering from an intraday break below the preceding session’s low.
NEAR/USD daily candles with rising 20-day and 50-day EMAs; resistance remains at $5.461–$5.578. The 20-day exponential moving average rose to $4.5664, while the 50-day EMA advanced to $3.5883. Price remains above both rising averages, and the shorter average maintains a positive $0.9782 spread over the longer one.
On the four-hour chart, the latest completed close also held above the 20-period EMA at $5.1051 and the 50-period EMA at $4.9842.
Immediate resistance lies at $5.4612, followed by the September 27 high at $5.5778. A daily close above $5.5778 would establish a new 30-day high and reopen the $6 area.
A breakout that subsequently closes below $5.461 would lose its first layer of confirmation.
Support begins at $5.0258–$5.0674. A close below that zone would expose $4.89, followed by the October 2–3 lows at $4.5901–$4.6068. The rising 20-day EMA near $4.566 provides a deeper dynamic reference.
NEAR’s aggregate price has increased from $5.25 in the October 6 report to $5.33 today, while the late-September high remains unbroken.
According to HTX market data, as Bitcoin and the broader crypto market pull back, some altcoins continue their strong rally. Key 24-hour performance and current prices: MET (Meteora) up 60% to $0.5; W (Wormhole) up 17.8% to $0.0163; ALGO (Algorand) up 16.6% to $0.1377; JUP (Jupiter) up 16% to $0.379; RAY (Raydium) up 13.3% to $2.46; STRK (Starknet) up 12.3% to $0.056; CRV (Curve) up 10.9% to $0.388.
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Solana has a new lending leader. Jupiter Lend has passed Kamino Lend to become the network’s largest lending protocol, based on DefiLlama data and announcements from Jupiter Earn as of October 6, 2026.
A post on X put Jupiter Lend at $2.6 billion in deposits and $1.08 billion in loans. For a product that launched publicly in August 2025, that is a fast climb past the protocol that used to own the category.
The numbers behind the handoff Jupiter reported a total market size of more than $2.5 billion. On DefiLlama’s Total Value Locked metric, it showed approximately $1.411 billion, with active loans of around $1.043 billion.
Kamino came in at about $1.403 billion in TVL and around $1.007 billion in loans.
Jupiter’s TVL rose 28.1% over the 30 days leading up to October 6. Kamino grew 5.7% over the same stretch.
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Most of Jupiter’s gain came from stablecoin deposits.
Kamino still leads on the metric that pays the bills. It generated approximately $4.82 million in fees over 30 days, compared with Jupiter’s $3.77 million.
How Jupiter got here Jupiter’s main advantage is distribution. Jupiter Exchange is a large trading hub on Solana, and Lend sits inside that ecosystem. Users can trade and lend on one platform instead of moving funds between apps.
The August 2026 Lend v2 upgrade added two features called Smart Collateral and Smart Debt. Together, they let users earn lending yield and DEX swap fees on the same position.
Kamino’s TVL once topped $2 billion, and it has not returned to that level.
A rivalry with history Since late 2025, the two protocols have argued in public over design choices such as rehypothecation and refinancing.
Both protocols support stablecoins, SOL and liquid staking tokens (LSTs), and xStocks, which are tokenized equities. LSTs are tokens that represent staked SOL and can still be used elsewhere in DeFi while they earn staking rewards.
What this means for Solana DeFi Kamino earning roughly $1.05 million more in 30-day fees while holding slightly less TVL suggests its book is currently more productive per dollar.
Jupiter’s loans of around $1.043 billion already edge past Kamino’s figure.
For now, the scoreboard reads Jupiter by a nose on TVL and Kamino on revenue.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Crypto card payments have reached a record $12.5 billion, a 140% jump since the start of the year. The main drivers are stablecoins and QR code payments.
Jupiter Global’s card product, Jupiter Spend, is one of the players in that shift. The headline volume, though, reflects the broader market. Jupiter’s own slice is considerably smaller.
The numbers behind the record The $12.5 billion figure covers crypto card payment volume across the industry. Attributing that cumulative total to Jupiter Spend alone is not supported by the available data.
In July 2026, stablecoin card spending across the industry crossed $1 billion in a single month for the first time. The exact July tally was $1.03 billion, spread across more than 10 million transactions.
Jupiter’s own figures are more modest. The company’s card settlement volume came in at $7.6 million in September 2026. That was an 8% increase from the previous month.
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How Jupiter Spend works The card launched in January 2026. Users deposit USDC or USDT through the Jupiter app on the Solana blockchain. Those stablecoins convert into a USD balance that can then be spent at more than 150 million Visa merchants worldwide.
Deposits of USDC or USDT carry no fees when made via Solana. Non-USD transactions come with a foreign exchange fee of either 1% or 1.8%. Which rate applies depends on the card’s issuer.
The more distinctive feature is QR Pay. It allows fee-free payments in select markets across the Asia-Pacific region. QR Pay caps spending at $5,000 per day and $500 per transaction.
Cashback does the heavy lifting Jupiter offers a base cashback rate of 2% on card purchases. Users can push that to 4% through referrals.
Jupiter’s transaction volumes rose notably once a cashback promotion kicked in, compared with the period before it. The July milestone of over $1 billion was fueled mainly by QR Pay adoption and cashback incentives.
Background: stablecoins move from trading chips to pocket money Stablecoins like USDC and USDT are tokens designed to track the US dollar one-to-one. Card products like Jupiter’s turn them into something closer to a checking account balance, bridging on-chain money and the merchant’s point-of-sale terminal via Visa’s network of 150 million merchants.
Solana’s low-cost transfers make fee-free deposits practical, removing friction in moving funds onto the card.
What this means For Jupiter specifically, the product has the right ingredients: Visa reach, Solana rails, fee-free QR payments in APAC, and a cashback rate of up to 4%. But $7.6 million in monthly settlement volume shows it is still a smaller player in a crowded field.
The heavy reliance on cashback is the key risk to watch. Jupiter’s transaction volumes were notably lower before its cashback promotion commenced, raising the question of how much volume is organic versus rewards-driven.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Jupiter lets you swap USDC for INJ from your Solana-based wallet. Choose your amount, review the quote, and approve the trade in your wallet.
This guide takes you from a funded wallet to your first INJ swap on Jupiter. Follow the screenshots to connect, find the correct INJ token, review the rate and price impact, and confirm the transaction.
What you needA Solana wallet, either a browser extension or Jupiter WalletUSDC or another token to swap fromA little SOL left in the wallet for network feesJupiter supports Jupiter Wallet, Jupiter Mobile by QR code, and browser extensions including Phantom, Solflare, Trust Wallet, and MetaMask.
Connect your walletStep 1. Open jup.ag and select ConnectGo to the Spot page. Select Connect, either on the swap card or in the top right.
Select Connect on the swap card.Step 2. Pick your walletChoose Jupiter Wallet, or pick your own extension under Recently Used or Installed. Approve the connection in the wallet.
Pick a wallet from the Connect panel.Step 3. Confirm you are connectedA Wallet Connected message appears and your net worth loads on the right.
The Wallet Connected confirmation and the Net Worth panel.Swap to INJStep 1. Change the Buy tokenSell starts on USDC and Buy starts on SOL. Click the token on the Buy side.
Click the token on the Buy side to change it.Step 2. Pick the verified INJSearch inj and select the result with the green check, named Injective, with the contract starting 1NJM. The rest carry a Token2022 tag and are different tokens.
Select the verified INJ, not the lookalikes below it.Step 3. Enter your amountType how much you want to sell, or use MAX and the percentage control on the Sell row.
Type your amount in the Sell field.Step 4. Check the rate and swapJupiter shows what you receive, the dollar value, the price impact, and the rate. Click Swap.
10 USDC returns 1.27 INJ at a 0.3% price impact.Step 5. Sign the transactionSign in your wallet when prompted.
Jupiter waits for your signature.Transaction Confirmed shows the amounts that settled.
The swap confirmed at 10.00 USDC to 1.27 INJ.Common errorsSeveral results look like INJOnly one carries the green verified check and reads Injective. The others are tagged Token2022 and are separate tokens. Match the contract before you select.
You changed the wrong side of the swapSell is what you pay. Buy is what you receive. The Buy side starts on SOL, so that is the one to change.
The button says Insufficient USDC after a swapYou spent the balance. The amount in the Sell field is still there from the last swap, and it is now more than you hold. Lower it or use MAX.
The swap fails on feesSolana network fees are paid in SOL. Keep a small SOL balance in the wallet even when you are swapping other tokens.
Start with INJOpen jup.ag, connect your wallet, and search inj on the Buy side. Check the verified badge and the contract, read the rate, then swap.
Key Takeaways Oracle and STACK Infrastructure report that flooding in southern New Mexico caused no damage to critical systems at the Project Jupiter facility. Construction timelines for the massive AI data center campus remain unchanged, according to company officials. Shares of Oracle tumbled approximately 5% last week following the filing of a force majeure notice related to the facility. The Project Jupiter campus is designed to deliver 2.45 gigawatts of power capacity and forms a cornerstone of the Stargate AI initiative involving OpenAI and SoftBank. A consortium of approximately 20 financial institutions provided an $18 billion financing package for the development. Shares of Oracle (ORCL) experienced a nearly 5% decline last Thursday when reports surfaced regarding a force majeure filing submitted by the technology giant in connection with its New Mexico data center development. The legal filing was designed to shield Oracle from additional expenses stemming from potential construction setbacks.
Oracle Corporation, ORCL
This Wednesday, Oracle and construction partner STACK Infrastructure released a status update. According to their joint announcement, while floodwaters did reach the Project Jupiter site in southern New Mexico, essential infrastructure components remained unaffected.
Both organizations emphasized that development continues according to the original timeline.
Project Jupiter represents a massive data center development. Upon completion, the facility will provide 2.45 gigawatts of computational capacity.
The installation serves as a critical component within the Stargate artificial intelligence infrastructure initiative. Partners in this ambitious venture include Oracle, OpenAI, and SoftBank (SFTBY).
Official Response to Flooding In their collaborative announcement, Oracle and STACK emphasized their concern for the surrounding community first. The companies acknowledged the flood’s impact on local residents, including damage to residential properties, agricultural operations, and transportation infrastructure.
Both firms indicated they’re coordinating with regional authorities to identify opportunities for supporting recovery efforts.
Regarding the data center construction site, the update was concise and straightforward. While floodwaters did reach the development area, no essential systems sustained damage.
Oracle and STACK reported that they’re currently collaborating with project partners and insurance providers to conduct comprehensive impact evaluations.
The completed facility will utilize fuel cell technology provided by Bloom Energy (BE) for its power requirements.
Financial Backing for the Development Project Jupiter represents a substantial financial commitment. A syndicate of roughly 20 banking institutions assembled an $18 billion loan package to support the campus development.
This significant financial commitment illustrates the substantial capital flowing into artificial intelligence infrastructure developments currently.
Last week’s force majeure filing sparked concerns among investors regarding potential construction delays or unforeseen cost increases resulting from the flooding.
Wednesday’s communication from Oracle served as a direct response to these concerns. The technology company maintains that construction schedules remain unaffected.
Market observers will continue monitoring for additional information regarding repair expenditures or insurance settlements connected to the flood event.
At present, Oracle maintains that flooding in New Mexico resulted in no harm to critical infrastructure at the Jupiter facility, and construction operations proceed according to plan.
Key Highlights Shares of Bloom Energy soared roughly 13% on Tuesday, recovering from an almost 9% decline the previous day. Oracle confirmed its 2.4 GW Project Jupiter commitment remains intact, despite a natural gas pipeline delay extending into early 2027. RBC Capital maintained its Outperform rating with a $335 price objective, highlighting significant manufacturing facility expansion in Fremont, California. Jefferies upgraded its price objective to $264 from $229 while maintaining a Hold stance. Related AI infrastructure stocks including Vertiv and Micron gained ground as concerns from OpenAI safety issues dissipated. Bloom Energy (BE) shares surged up to 13% during Tuesday’s trading session, approaching the $300 level. This represents a significant rebound from Monday’s nearly 9% pullback.
Bloom Energy Corporation, BE
The fuel cell specialist emerged as one of the top gainers in the S&P 500 index during the session. The upward movement came after a challenging period influenced by widespread concerns about AI safety protocols.
On Tuesday, RBC Capital reaffirmed its Outperform stance on the company’s shares. The financial institution maintained its $335 price objective.
RBC highlighted Bloom’s strategic move to secure an additional 158,000 square feet of leased space at its Fremont, California manufacturing site. This expansion roughly doubles the company’s current operational footprint.
Market analysts interpret this expansion as evidence that customer orders are exceeding previous projections. Morgan Stanley analyst David Arcaro characterized it as an indication of robust ongoing demand.
Project Jupiter Partnership Remains Solid Bloom’s stock price received additional support from clarifications regarding its partnership with Oracle (ORCL). The company verified that Oracle has reconfirmed its 2.4 GW fuel cell commitment associated with Project Jupiter.
The initiative continues according to Oracle’s established schedule. However, a critical natural gas pipeline connected to the agreement has experienced permitting-related delays, pushing its completion to early 2027.
Jefferies increased its price objective for Bloom to $264, up from $229. The firm maintained its Hold rating, noting that the behind-the-meter investment case remains valid despite some schedule adjustments.
Ameren Corp (AEE) contributed to the favorable environment. The utility provider proposed incorporating 500 megawatts of natural gas fuel cell capacity through 2030 across Missouri operations.
Arcaro suggested this proposal could represent a near-term revenue opportunity for Bloom. The plan fits within the utility’s core infrastructure strategy.
AI Infrastructure Stocks Rally Together Bloom wasn’t the only beneficiary of Tuesday’s positive momentum. Vertiv Holdings (VRT) climbed approximately 3%, while Micron (MU) gained nearly 2%.
These advances occurred despite OpenAI’s decision to cancel the release of a new model due to safety considerations. The artificial intelligence company had also suspended training activities on its most recent AI models the day before.
Saachi Jain, OpenAI’s head of safety systems, explained that the GPT-6.1 Astra model failed to meet the required standards for remaining within acceptable parameters. She indicated the company has additional new models in development that satisfy these requirements.
The overall market showed minimal movement throughout the trading day. The S&P 500 decreased 0.04%, the Dow dropped 0.2%, while the Nasdaq Composite edged up approximately 0.2%.
This positioned Bloom’s surge as driven by company-specific factors rather than general market trends. Intraday trading reached $291.72, positioned within the stock’s 52-week trading band of $70.89 to $351.28.
Market participants are now focused on OpenAI’s developer conference scheduled for later Tuesday. CEO Sam Altman is expected to present a keynote address at 1 p.m. Eastern time.
Jupiter’s Ultra trading service generated far fewer sandwich attacks than some competing Solana dApps, as shown by a new three-year academic study.
This points to Jupiter’s pursuit of safer trade execution. But it comes as JUP fell more than 9% from its latest high, following a sharp price rally that it witnessed.
Jupiter Ultra performs better than rival platforms The study looked at sandwich attacks on six blockchains. Researchers pointed out 28 million cases on the Solana network involving transactions that users expected protection.
A sandwich attack begins when a bot spots an incoming trade. What it then does is buy the asset first, causing the price to go higher before the original transaction goes through. It then proceeds to sell immediately, which leaves the trader with a worse price.
Jupiter Ultra users saw fewer of these attacks compared with users from other trading platforms.
Jupiter had an overall score of 0.7, meaning that attacks happened less often than it was thought it might have by researchers. Axiom scored 18.9, Photon 11.1, and BullX and GMGM both scored over 10.
Those figures do not mean Jupiter has stopped sandwich attacks completely. Instead, they show an interesting case where the way in which a trading application handles orders can affect the risk.
Jupiter attempts to front-run trades and also will auto-manage how much volatility price movement a user is willing to tolerate. Its system also checks different trading routes and tries to select the one likely to deliver the best final result.
JUP price retreats from $0.37 The positive security finding did not stop JUP from falling 9.49% to around $0.337 at the time of this writing.
Its decline followed a rapid advance from around the $0.22 price level to nearly $0.372. That represented an increase of roughly 69%, making some profit-taking unsurprising.
The first price to be watched will be the $0.32 price level where buyers intervened in the latest session. If it fails, JUP may drop $0.30, followed by a stronger support area around the $0.29 price level.
Source: TradingView A rally above $0.35 would improve the situation for the short-term perspectives. It would have to overcome the recent $0.37-$0.38 peak for the rally to continue.
But even with daily losses, JUP retains comfortable space above recent price averages. So the general rally is on track for now, but the latest rebound shows that the rally has moved into more complicated rally phases.
Final Summary Jupiter Ultra users faced fewer sandwich attacks than users of several competing Solana platforms. JUP’s recovery is in place above $0.29, but bulls need to reclaim $0.35 to challenge the fresh peak.
If you’re building a DeFi product that’s 15% better than what traditional finance offers, Kash Dhanda has a message for you: that’s not going to work.
Jupiter’s COO has been making the case that decentralized finance needs to deliver something on the order of five to ten times better than existing financial infrastructure to pull serious institutional capital on-chain.
The case against incrementalism This isn’t just philosophical musing from Dhanda. Jupiter has been putting infrastructure behind the thesis, restructuring its entire product suite in July 2026 into three focused pillars: Trade, Earn, and Manage. The reorganization is designed to transform Jupiter from a swap aggregator into something closer to a full-service financial platform, what the team has been calling a “super app” for on-chain finance.
The numbers suggest the strategy has traction. Jupiter has processed over $1.2 trillion in trading volumes and counts more than 44 million connected wallets, giving it the highest total value locked on Solana.
Building the plumbing for institutional comfort Jupiter Lend reached a total supply of $1 billion. The platform has also introduced Offer Book, a feature designed to integrate fixed-rate lending into the DeFi experience.
Then there’s JupUSD, a stablecoin built in collaboration with Ethena.
The GUM omnichain hub extends Jupiter’s reach beyond Solana into a multi-chain environment.
Why the 5-10x framing matters Consider what “5-10x better” could look like in practice. Settlement that takes seconds instead of days. Lending markets that operate 24/7 without intermediaries taking a cut. Transparent, auditable collateral backing instead of opaque balance sheets. Yield products accessible to anyone with an internet connection rather than just accredited investors meeting arbitrary wealth thresholds.
The restructuring into Trade, Earn, and Manage pillars mirrors how traditional financial platforms organize their offerings.
What to watch from here The $1 billion milestone in Jupiter Lend’s total supply is worth monitoring as a leading indicator. If lending volumes continue climbing at that pace, it suggests the platform is successfully converting crypto-native users into more sophisticated DeFi participants who use multiple financial products rather than just swapping tokens.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Oracle stock drops as Project Jupiter faces construction delays and setbacks Data center disruptions create pressure across the expanding AI infrastructure sector Rising costs challenge Oracle’s plans for future computing capacity growth Market concerns increase as infrastructure debt risks continue to develop Delayed projects highlight challenges facing large-scale technology expansion plans Oracle Corporation (ORCL) shares traded at $138.18, down 0.97%, after data center delays raised concerns. The company faces pressure as Project Jupiter encounters regulatory and construction setbacks. Meanwhile, broader infrastructure challenges are increasing scrutiny across the artificial intelligence expansion market.
Oracle Corporation, ORCL
Oracle Project Jupiter Faces Delays as Data Center Costs Rise Oracle has taken steps to limit expenses linked to Project Jupiter in New Mexico. The company faces delays after local opposition and regulatory issues slowed construction progress. Therefore, the project has created additional pressure on Oracle’s expansion plans.
The delayed facility forms part of a wider wave of blocked data center developments. Reports indicate affected projects could represent billions of dollars in planned infrastructure spending. Consequently, companies across the sector face longer timelines and higher development costs.
Oracle has also moved to protect its financial position by addressing supplier payment obligations. The company remains smaller than major cloud providers with larger financial resources. However, the delays highlight challenges facing companies building expensive digital infrastructure.
Oracle Stock Decline Highlights Growing Infrastructure Challenges Oracle shares have fallen significantly over the past year as market concerns increased. The decline reflects questions surrounding future growth expectations and infrastructure commitments. Additionally, the company faces pressure from rising construction expenses and delayed project completion.
The artificial intelligence expansion requires major investments in data centers and computing capacity. As a result, companies have committed substantial capital toward new facilities. However, delayed projects could affect revenue generation and operational plans.
Apollo has identified rising risks linked to corporate debt supporting the artificial intelligence infrastructure boom. The concerns involve expensive construction projects and uncertain revenue growth from new capacity. Therefore, delayed facilities could create additional financial challenges for some companies.
Wider Data Center Delays Create Pressure Across Technology Sector The data center industry continues to experience delays caused by regulatory reviews and local opposition. Estimates suggest affected projects could reach between $64 billion and $200 billion. Meanwhile, hundreds of facilities have reportedly faced delays during the year.
Oracle remains a smaller participant compared with larger cloud infrastructure companies. However, its challenges have increased attention on the financial demands of expansion projects. The sector requires continued spending to support growing computing needs.
The company’s recent performance has become a key example of infrastructure challenges. Furthermore, delayed construction and rising costs could influence future expansion strategies. Oracle now faces the task of balancing growth plans with financial discipline.
Oracle Japan shares gained about 8% after record first-quarter revenue and profit. Cloud revenue at Oracle Japan climbed 31.7%, helping operating profit rise 22.7%. Oracle Corp shares fell 3.47% as investors focused on data-centre spending and Project Jupiter. Oracle reported strong cloud demand, but free cash flow remained negative at $5 billion. Stifel and UBS maintained Buy ratings despite concerns over financing, spending and project execution. Oracle Japan shares surged Friday after the company reported record first-quarter revenue and profit. The move created a contrast with Oracle stock in New York, where the US parent fell as investors weighed costs from its data-centre expansion.
Oracle Corporation, ORCL
Oracle stock splits between Japan and US Oracle Japan traded near ¥9,847, up 7.7%, after reaching ¥10,040. Revenue rose 13% to ¥74.86 billion, while cloud revenue increased 31.7% to about ¥25.14 billion.
Operating profit climbed 22.7% to ¥25.92 billion, while net income rose 23.2% to ¥18.25 billion. The results followed Oracle’s recent earnings rally, when strong cloud demand supported shares after quarterly results.
Japan unit turns cloud growth into profit Oracle Japan’s operating margin reached about 34.6%, up from roughly 31.9% a year earlier. Profit growth therefore outpaced sales growth as the company converted rising cloud demand into stronger earnings.
Cloud services now generate about one-third of Oracle Japan’s sales. The local business also recorded faster cloud growth than total revenue, giving investors profit figures rather than relying only on future demand forecasts.
US parent spends heavily on capacity Oracle Corp reported 30% total revenue growth, 62% cloud revenue growth and 121% growth in cloud-infrastructure revenue. Remaining performance obligations reached $664 billion. The figure places Oracle within a wider AI infrastructure spending cycle as cloud providers add capacity.
However, free cash flow was negative $5 billion as spending continued. Oracle’s data-centre program requires heavy investment to support contracted demand and future cloud growth.
Project Jupiter added another point of focus. Bloomberg reported that Oracle sent the developer a force majeure notice covering possible payment protection if the New Mexico facility misses its planned 2028 start. Oracle said it does not expect a delay.
Analysts watch financing and execution Stifel analyst Brad Reback kept a Buy rating and $200 price target. He described the force-majeure language as a precaution rather than evidence that Oracle plans to leave Project Jupiter.
UBS analyst Karl Keirstead also maintains a Buy rating, with a $250 target. Recent coverage of Project Jupiter permit challenges has kept attention on construction schedules, capital needs and the timing of new cloud capacity.
The split between Oracle Japan and Oracle Corp shows two different market reactions. Japan investors focused on rising margins and cloud profit, while US investors weighed heavy spending, financing needs and delivery risks tied to capacity expansion.
Key Takeaways Oracle’s stock price declined 3.6% on Wednesday, finishing the session at approximately $139.59. A force majeure notice was issued to Blue Owl Capital regarding the Project Jupiter data center construction in New Mexico. Credit default swaps for Oracle reached unprecedented levels while the company’s 2056 bond yield exceeded 8%. Approximately $18 billion in loans associated with Project Jupiter are currently trading beneath their nominal value. Analyst consensus maintains a Strong Buy rating with a mean price target of $245.75. Oracle stock experienced a 3.4% decline during Wednesday’s afternoon session, ultimately closing around $139.59 following the disclosure that the company issued a force majeure notification related to its Project Jupiter data center. The notice was directed toward a subsidiary of Blue Owl Capital, which is responsible for developing the facility in New Mexico.
Oracle Corporation, ORCL
The initial report came from CNBC, referencing a Bloomberg article published earlier. The notification would grant Oracle flexibility to postpone payment obligations on the facility should it fail to launch as planned in 2028.
The Project Jupiter development represents a critical component of the broader Stargate AI infrastructure initiative. However, the project has encountered various obstacles including regulatory challenges, community resistance coinciding with midterm election timing, and opposition from environmental advocacy organizations.
Shares of Blue Owl Capital similarly declined following the announcement. Market participants expressed concern regarding potential delays in AI infrastructure capacity and financial burdens connected to the development.
According to Financial Times reporting, $18 billion worth of debt instruments tied to the data center facility are currently trading at distressed valuations. This market behavior suggests bond investors are factoring in elevated risk levels.
Oracle responded to these concerns with a statement. The company informed CNBC that Project Jupiter continues to progress according to timeline and emphasized its “full commitment to New Mexico.”
During the September 10 earnings conference call, Co-CEO Clay Magouyrk also spoke about the matter. He assured analysts that the data center development would not negatively impact Oracle’s fiscal 2027 revenue projections or earnings forecasts.
Debt Market Signals Intensify The equity decline coincided with more pronounced movements in Oracle’s debt securities. Credit default swaps—financial instruments that insure investors against potential default—reached an all-time high on Wednesday.
Oracle’s 6.7% bonds maturing in 2056 saw their yield surpass 8% for the first time in the security’s history. Elevated yields reflect investor demands for greater returns to offset perceived risk when holding Oracle’s debt.
Oracle maintains its investment-grade credit rating at present. However, ZeroHedge highlighted that approximately $120 billion worth of Oracle bonds could be excluded from investment-grade indexes should the rating be downgraded to high-yield status.
Macro conditions in the bond market are adding pressure. The 30-year Treasury yield exceeded 5.4%, marking its highest point since 2004, while the 10-year yield surpassed 5.1%.
Increasing government bond yields generally elevate corporate financing costs as well. This creates particular challenges for Oracle considering the substantial capital requirements for its AI infrastructure expansion.
Credit spreads have expanded among other major technology corporations as well. According to Reuters projections, hyperscaler debt issuance could reach $420 billion in the coming year.
Volatility Continues for Oracle Shares This recent decline represents just one of many significant price swings for Oracle stock. The shares have demonstrated extreme volatility, recording 37 separate movements exceeding 5% during the past twelve months.
Just six days prior, Oracle experienced a 3.4% drop after Business Insider published a report stating that Magouyrk acknowledged during an internal company meeting that Oracle has encountered difficulties implementing generative AI effectively for internal operations. This admission comes despite the company’s multi-billion dollar investments in AI infrastructure designed for external clients.
Chief Information Officer Jae Evans allegedly expressed surprise at the elevated costs associated with OpenAI’s GPT-6 Astra models. The article additionally highlighted software integration challenges and elevated false-positive rates when using Anthropic’s Mythos tool.
Oracle has now declined 28.6% year-to-date. At the current price of $139.59, shares are positioned 55.4% below their 52-week peak of $313, which was established in October 2025.
Nevertheless, an investor who committed $1,000 to Oracle five years ago would currently hold approximately $1,553 in value.
Wall Street’s analyst community maintains a predominantly optimistic stance. The consensus recommendation stands at Strong Buy, derived from 27 Buy ratings, four Hold ratings, and one Sell rating issued over the previous three months.
The average analyst price target stands at $245.75, suggesting potential upside of 76% from present levels.
Oracle stock declines as Project Jupiter faces New Mexico permit challenges and delays The company invokes force majeure terms to limit risks from possible project setbacks Project Jupiter remains central to Oracle’s large artificial intelligence expansion plans Data center hurdles raise concerns around infrastructure delivery and future revenue timing Oracle continues its cloud growth push despite rising development and funding pressures Oracle (ORCL) shares traded at $138.43, down 6.13%, after reports highlighted challenges around its New Mexico data center project. The decline followed concerns about Project Jupiter and possible delays affecting the planned facility launch. Oracle has moved to protect its financial position as the large infrastructure project faces regulatory obstacles.
Oracle Corporation, ORCL
Oracle Moves to Reduce Exposure From New Mexico Data Center Project Oracle notified the project developer about a force majeure provision linked to Project Jupiter, according to reports. The move aims to delay certain payments if the facility fails to start operations in 2028. Oracle stated that the project remains on its planned schedule.
Project Jupiter forms part of a major infrastructure expansion involving Oracle, OpenAI, and SoftBank. The New Mexico campus targets 2.45 gigawatts of power capacity for advanced computing workloads. The project has faced permit issues and public concerns over energy demand.
The facility depends on supporting infrastructure, including power solutions from suppliers such as Bloom Energy. Regulatory decisions affecting energy routes have created additional challenges for the development timeline. Delays could affect the broader rollout of the planned data center network.
Oracle Faces Revenue Timing and Funding Pressure Oracle has expanded its data center capacity to support growing cloud service demand. The company reported $664 billion in remaining performance obligations from future contracted sales. Delays in infrastructure delivery could affect the timing of revenue recognition.
The company has increased spending to build additional capacity for large computing contracts. This expansion contributed to negative free cash flow of $5.4 billion in its latest earnings report. As a result, funding requirements remain a key factor in Oracle’s infrastructure strategy.
Rising borrowing costs have also created pressure for companies developing large facilities. Oracle continues to balance long-term cloud growth with higher infrastructure expenses. The New Mexico project remains a major part of its future expansion plans.
Oracle’s latest move highlights challenges facing large data center developments across the technology sector. The company continues to pursue its infrastructure goals while addressing regulatory and financial concerns. Project Jupiter’s progress will remain linked to permit approvals and construction timelines.
Whale Deposits 6,000 $ETH ($16.1M) to Multiple Exchanges for Selling
Whale 0xd0A4 deposited 6,000 $ETH($16.1M) into #OKX, #Kraken, #Gate, #Bybit, and #Binance an hour ago to sell.
14 minutes ago
SlowMist: Bitget Hacker Addresses Collectively Hold XRP Worth Approximately $157 Million
Slow Mist’s MistTrack has updated the Bitget hacker wallet addresses, adding 7 Ripple network addresses with a combined balance of roughly 102,926,478 XRP, valued at approximately $157 million. The update also includes 11 EVM addresses and 1 TRON address. The EVM addresses collectively hold around 67,980.25 ETH, 5,896.58 BNB, 495.625 WETH, 218,022.9 USDT, and 99,989.9 USDC, while the TRON address holds approximately 20,593,376.5 TRX.
14 minutes ago
Bitget CEO: Some of the stolen funds may be recoverable, and withdrawals will only be resumed after confirming the system's security.
Bitget CEO Gracy Chen said in a live stream addressing the platform’s recent attack that some of the affected funds may be recoverable. On resuming withdrawals, Chen noted that Bitget must first thoroughly investigate the incident, with its technical team currently working on system repairs and security hardening. The withdrawal function will only be reactivated after the system is confirmed secure and resuming withdrawals is verified to not trigger further hacker attacks. She added that once a clear time window for withdrawal resumption is finalized, the platform will notify users and release an announcement immediately. No specific timeline can be committed to at present, as Bitget does not want to make unfulfillable promises.
14 minutes ago
Bitget CEO Discloses Initial Attack Path: May Involve Third-Party Software Supply Chain Attack
Bitget CEO Gracy Chen stated during a live stream regarding the platform’s attack incident that the security team is currently focused on identifying the root cause and resolving the issue. Based on information available at this stage, the incident resembles a supply chain attack: attackers likely compromised a third-party tool frequently used by Bitget, thereby affecting a critical backend system of its wallet service. Chen noted that the compromised service forged transfer information and invoked a signing machine to siphon funds. The incident did not involve a private key leak; according to current investigations, the possibility of an insider job is also low. However, she added that the final attack vector still requires further confirmation from the security team. She further explained that hacker attacks are rarely single-type, with a single attack typically combining two to three of six to seven different tactics. Citing Bybit’s previous attack incident as an example, she noted that the case involved both the signature authorization process and a supply chain attack targeting the Safe multisig page it used. Common attack methods against crypto exchanges also include private key leaks, smart contract vulnerabilities, insider jobs, and social engineering attacks.
14 minutes ago
Bitget CEO: The platform’s recent attack was not caused by a key leak, and there is no exact timeline for the resumption of withdrawals.
Bitget CEO Gracy Chen addressed the exchange’s recent attack incident in a public live stream, stating that the platform is preparing to resume user withdrawals but has not yet set an exact timeline. Bitget’s internal and external technical teams are working in parallel to identify the root cause and develop solutions, with the goal of restoring services as quickly as possible. Chen noted that the attack vector in this theft differs from those seen in prior security breaches at some exchanges. According to ongoing investigations, the hacker did not exploit a key leak to launch the attack; instead, they bypassed parts of the system to initiate withdrawals directly through the platform’s systems. She emphasized that a key leak would be the worst-case scenario, but this incident is not related to such a vulnerability. Given that the incident involves multiple cryptocurrencies and blockchain networks, Bitget cannot immediately reopen withdrawals. Withdrawals will only be restored after the exchange confirms all funds are fully secure and implements a more robust handling plan. Chen added that the platform has now completed full loss mitigation, eliminating the risk of further attacks; withdrawals will be reactivated once the security issue is resolved with greater certainty.
14 minutes ago
Bitget attackers have converted most of the stolen funds on EVM chains into 67,982 ETH, worth approximately $183 million.
According to Lookonchain's monitoring, crypto exchange Bitget has suffered a hack, resulting in the theft of approximately $351.6 million in assets. The hacker has converted most of the stolen funds on EVM chains into 67,982 ETH, valued at around $183 million.
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.
Crypto meme coin Super Inu briefly broke through $12 million in market capitalization, hitting a new all-time high.
According to GMGN market data, Solana-based meme coin Super Inu (SI) briefly hit a new all-time high market cap of over $12 million, and is now trading at $8.1 million, with a 120% 24-hour gain and $10.2 million in trading volume over the same period. Earlier reports noted that during his United Nations General Assembly speech, Trump proposed renaming artificial intelligence to "Super Intelligence", stating that all U.S. government documents would use "Super Intelligence" to refer to AI. Super Inu (SI) uses the tokenized U.S. stock NVDAX (Nvidia’s tokenized stock on xStocks) as its liquidity pool, with liquidity provided via the SI/NVDAX trading pair. BlockBeats reminds users that related tokens have small market caps and high price volatility, so investors should exercise caution.
5 minutes ago
Payy Network officially confirms it was hacked, with its cross-chain contract on Ethereum under attack.
Payy Network, a privacy-focused stablecoin payment network, officially confirmed that its cross-chain contract on Ethereum was hacked, leading to the theft of all its balances. The investigation is ongoing, and all transactions on Payy Network—including deposits, withdrawals, and transfers—have been suspended. Payy has notified law enforcement and is collaborating with multiple incident response organizations. Earlier today, Specter Investigation detected that Payy Network was suspected of being attacked, with approximately 1.8 million USDC transferred out. The attacker obtained initial funds via the privacy protocol Railgun before converting the stolen USDC into ETH and dispersing the funds to three addresses.
5 minutes ago
Doppler Finance’s token XDP will launch on September 28.
Asset issuance protocol Doppler Finance announced that its token XDP will launch on September 28. Earlier on August 27, the protocol unveiled plans to launch XDP, its native utility and governance token, with a total supply of 10 billion tokens. Over half of the supply will be allocated to ecosystem development, treasury programs, strategic partnerships, and community growth. XDP’s initial core function is as the protocol’s native utility and governance token; users will later be able to stake XDP to access advanced vaults and strategies, gain priority access to new products, participate in designated ecosystem activities, and utilize other protocol features, with specific staking mechanisms to be announced separately. The genesis airdrop for XDP will distribute 1% of the total supply to early users, contributors, and supporters, all of which will unlock at the Token Generation Event (TGE). An additional 43% of the supply is earmarked for ecosystem and incentive programs, including future Doppler point campaigns, XDP staking, and other community initiatives. The official contract address for XDP has not been released, so users are advised not to interact with any so-called XDP tokens that appear prematurely.
5 minutes ago
Serenity: Nebius has rallied against the trend, emerging as the purest and most asymmetrically advantageous asset in the Neocloud sector.
Serenity noted that while the AI infrastructure and Neocloud sectors declined overall, Nebius (NBIS) bucked the trend to rise by roughly 6%—a relative strength that stands out sharply. Oracle issued a force majeure notice over its large Project Jupiter data center in New Mexico, which may miss its 2028 opening target, in an effort to fend off rising cost risks. This underscores how full-stack delivery and large-scale project execution risks are weighing on the sector, while NBIS has relatively avoided such troubles. Serenity further pointed out that even if its core business continues to surge after 2027, the market may still be underestimating the growth potential of Nebius’s various business segments. Nebius is the "purest and most asymmetric Neocloud play", with none of the full-stack execution uncertainties seen in IREN or ORCL, no high-interest debt pressure like CRWV or APLD, and none of the unstable large-client contract issues plaguing some mining firms that have transitioned to cloud services.
5 minutes ago
BP rallies to nearly $1, logging a 19.8% gain in the past 24 hours.
According to HTX market data, Backpack’s platform token BP has surged to nearly $1, trading at $0.96 as of press time, with a 24-hour increase of 19.8%. On the news front, BP has been recently driven by positive momentum from the SEC’s approval of limited tokenized stock trading on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real US stock trading market for international investors, allowing eligible users to trade and hold actual US stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading platforms, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more information, see the report titled "Why Did BP Suddenly Rise? Backpack Is Gaining a New Valuation Logic".
5 minutes ago
WTI and Brent crude oil continue to rally, with both rising more than 3% intraday.
According to Bitget's market data, both WTI and Brent crude oil have continued to rise, with each gaining over 3% intraday, trading at $94.88 per barrel and $101.78 per barrel respectively.
Crypto meme coin Super Inu briefly broke through $12 million in market capitalization, hitting a new all-time high.
According to GMGN market data, Solana-based meme coin Super Inu (SI) briefly hit a new all-time high market cap of over $12 million, and is now trading at $8.1 million, with a 120% 24-hour gain and $10.2 million in trading volume over the same period. Earlier reports noted that during his United Nations General Assembly speech, Trump proposed renaming artificial intelligence to "Super Intelligence", stating that all U.S. government documents would use "Super Intelligence" to refer to AI. Super Inu (SI) uses the tokenized U.S. stock NVDAX (Nvidia’s tokenized stock on xStocks) as its liquidity pool, with liquidity provided via the SI/NVDAX trading pair. BlockBeats reminds users that related tokens have small market caps and high price volatility, so investors should exercise caution.
5 minutes ago
Payy Network officially confirms it was hacked, with its cross-chain contract on Ethereum under attack.
Payy Network, a privacy-focused stablecoin payment network, officially confirmed that its cross-chain contract on Ethereum was hacked, leading to the theft of all its balances. The investigation is ongoing, and all transactions on Payy Network—including deposits, withdrawals, and transfers—have been suspended. Payy has notified law enforcement and is collaborating with multiple incident response organizations. Earlier today, Specter Investigation detected that Payy Network was suspected of being attacked, with approximately 1.8 million USDC transferred out. The attacker obtained initial funds via the privacy protocol Railgun before converting the stolen USDC into ETH and dispersing the funds to three addresses.
5 minutes ago
Doppler Finance’s token XDP will launch on September 28.
Asset issuance protocol Doppler Finance announced that its token XDP will launch on September 28. Earlier on August 27, the protocol unveiled plans to launch XDP, its native utility and governance token, with a total supply of 10 billion tokens. Over half of the supply will be allocated to ecosystem development, treasury programs, strategic partnerships, and community growth. XDP’s initial core function is as the protocol’s native utility and governance token; users will later be able to stake XDP to access advanced vaults and strategies, gain priority access to new products, participate in designated ecosystem activities, and utilize other protocol features, with specific staking mechanisms to be announced separately. The genesis airdrop for XDP will distribute 1% of the total supply to early users, contributors, and supporters, all of which will unlock at the Token Generation Event (TGE). An additional 43% of the supply is earmarked for ecosystem and incentive programs, including future Doppler point campaigns, XDP staking, and other community initiatives. The official contract address for XDP has not been released, so users are advised not to interact with any so-called XDP tokens that appear prematurely.
5 minutes ago
Serenity: Nebius has rallied against the trend, emerging as the purest and most asymmetrically advantageous asset in the Neocloud sector.
Serenity noted that while the AI infrastructure and Neocloud sectors declined overall, Nebius (NBIS) bucked the trend to rise by roughly 6%—a relative strength that stands out sharply. Oracle issued a force majeure notice over its large Project Jupiter data center in New Mexico, which may miss its 2028 opening target, in an effort to fend off rising cost risks. This underscores how full-stack delivery and large-scale project execution risks are weighing on the sector, while NBIS has relatively avoided such troubles. Serenity further pointed out that even if its core business continues to surge after 2027, the market may still be underestimating the growth potential of Nebius’s various business segments. Nebius is the "purest and most asymmetric Neocloud play", with none of the full-stack execution uncertainties seen in IREN or ORCL, no high-interest debt pressure like CRWV or APLD, and none of the unstable large-client contract issues plaguing some mining firms that have transitioned to cloud services.
5 minutes ago
BP rallies to nearly $1, logging a 19.8% gain in the past 24 hours.
According to HTX market data, Backpack’s platform token BP has surged to nearly $1, trading at $0.96 as of press time, with a 24-hour increase of 19.8%. On the news front, BP has been recently driven by positive momentum from the SEC’s approval of limited tokenized stock trading on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real US stock trading market for international investors, allowing eligible users to trade and hold actual US stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading platforms, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more information, see the report titled "Why Did BP Suddenly Rise? Backpack Is Gaining a New Valuation Logic".
5 minutes ago
WTI and Brent crude oil continue to rally, with both rising more than 3% intraday.
According to Bitget's market data, both WTI and Brent crude oil have continued to rise, with each gaining over 3% intraday, trading at $94.88 per barrel and $101.78 per barrel respectively.
Key Takeaways Oracle filed a force majeure declaration for its Project Jupiter AI data center located in New Mexico. The filing is intended to protect Oracle from financial obligations should the facility fail to launch by 2028. Oracle shares declined approximately 4%, while Blue Owl Capital retreated 4% and Bloom Energy tumbled 6%. A critical natural gas pipeline required for the project has been postponed until February 2027. Project Jupiter represents a significant component of the Stargate AI infrastructure collaboration involving OpenAI and SoftBank. Shares of Oracle (ORCL) tumbled approximately 4% following reports that the tech giant delivered a force majeure notification to the developer overseeing its Project Jupiter data center facility in New Mexico. The announcement also triggered declines in Blue Owl Capital (OWL), which fell 4%, and Bloom Energy (BE), which plunged 6%.
Oracle Corporation, ORCL
According to Bloomberg’s initial report, the notification serves as a legal safeguard to shield Oracle from potential penalties should the ambitious AI-focused data center miss its scheduled 2028 completion target. Oracle holds the position as the primary tenant for the campus.
Stack Infrastructure, a company within Blue Owl Capital’s investment portfolio, is responsible for constructing Project Jupiter. The facility is designed to supply 2.45 gigawatts of electrical capacity—sufficient to power approximately 1.8 million residential homes.
This magnitude positions it among the most substantial data center developments connected to the artificial intelligence expansion. However, the venture has encountered significant infrastructure challenges: access to water resources and reliable power generation.
The Critical Pipeline Challenge Oracle formed a partnership with Bloom Energy to operate the facility using solid oxide fuel cell technology. These power systems are particularly suitable for New Mexico’s arid environment because they require minimal water for electricity production.
The complication lies in the fuel cells’ dependence on a consistent natural gas supply. This gas is scheduled to be delivered via a 17-mile pipeline infrastructure known as the Green Chile Project, managed by Energy Transfer.
The pipeline’s original completion date was set for August 2026. Current projections now indicate a February 2027 delivery.
This setback results from the New Mexico State Land Office’s continued rejection of right-of-way authorization across state trust territories. Community leaders and environmental advocacy organizations have voiced objections regarding environmental consequences and pressure on local resources.
In the absence of the pipeline infrastructure, Bloom’s fuel cell systems cannot operate. This situation currently leaves the data center campus without a functional electricity source.
Force majeure provisions enable corporations to suspend contractual responsibilities when unforeseen and unavoidable circumstances arise. Oracle characterizes its invocation of this clause as a protective measure.
The corporation asserts that “Project Jupiter remains on our planned schedule.” Nevertheless, the legal filing indicates genuine apprehension about meeting the established timeline.
Financial Implications Approximately 20 financial institutions assembled an $18 billion lending package to fund the campus construction. This represents substantial capital exposure to a project now confronting a stalled pipeline and community opposition.
Should Oracle secure payment flexibility from Blue Owl, it could nonetheless create uncertainty among the financial institutions backing the development. This dispute introduces additional complexity to a project that has been under development for nearly two years.
Project Jupiter doesn’t exist in isolation. It functions as an integral element of the expansive Stargate initiative, which also encompasses OpenAI and SoftBank, and was publicly unveiled with President Trump present alongside leadership from all participating organizations.
SoftBank (SFTBY) shares similarly declined roughly 6% after the disclosure. The widespread stock market reaction demonstrates how interconnected these corporations have become through their collective AI infrastructure investments.
Oracle has not publicly clarified whether the force majeure declaration would completely absolve the company from its current financial obligations associated with the project. Bloomberg published the story based on information from sources with knowledge of the situation.
Oracle Corp. shares fell sharply Thursday after Bloomberg reported that the company sent a force-majeure notice to the developer of Project Jupiter, its large artificial-intelligence data-center project in New Mexico.
Oracle stock (NYSE: ORCL) was trading around $137.57 at approximately 10:40 a.m. ET on September 24, down about 4.75% from Wednesday’s $144.56 close. Shares had traded as low as roughly $133.48 by that point.
Bloomberg reported that Oracle sent the notice to a unit of Blue Owl Capital that is developing Project Jupiter. The notice is intended to protect Oracle’s contractual position and could allow the company to defer certain payments if the facility does not come online in 2028 as planned. Bloomberg also reported that Oracle is not seeking to leave the project as its main tenant.
“Project Jupiter remains on our planned schedule,” an Oracle spokesperson told Bloomberg, adding that the company is “fully committed to New Mexico and confident in our path forward.”
Blue Owl later said the notice does not change the financial commitments to the multiyear project and that the parties remain fully aligned on Project Jupiter.
Oracle’s decline came during a weaker broader market session. U.S. stock-index futures were lower before the opening bell, with technology shares also under pressure.
Force-Majeure Notice Covers Oracle’s Contractual Position Bloomberg reported that Oracle issued the notice to establish contractual protections if conditions affecting Project Jupiter prevent the facility from entering service on schedule.
The report did not say Oracle had canceled, abandoned or withdrawn from the project. It also did not report that Oracle had suspended payments.
Bloomberg said the notice does not automatically release Oracle from previously agreed financial obligations. Any contractual effect would depend on the terms of the agreements and whether the conditions required to invoke force majeure are met.
Blue Owl owns data-center developer STACK Infrastructure. STACK has identified itself as a developer and operator involved in Project Jupiter alongside BorderPlex Digital Assets.
Project Jupiter Is Designed For About 2.45 GW of Power Capacity Project Jupiter is being built in Doña Ana County, New Mexico, as part of Oracle’s data-center expansion.
Oracle has said the development is designed to be supported by as much as 2.45 gigawatts of installed power capacity.
Power infrastructure and permitting have been separate parts of the project’s development process. Oracle said on September 14 that the data-center campus and the proposed adjacent microgrid are separate facilities on separate sites operated by separate companies.
The company also said construction on the data-center campus does not require the air-quality permit being sought for the microgrid and that work on the buildings was continuing under county permits.
Separately, Oracle said on September 14 that the New Mexico Supreme Court had stayed the administrative proceeding concerning the microgrid’s air-quality permit. On September 17, however, the court denied the underlying petition and lifted the stay, allowing the air-permit proceeding to resume.
Bloomberg reported on September 24 that an Energy Transfer natural-gas pipeline intended to supply fuel to Project Jupiter had been delayed nearly six months to February 1, 2027, following repeated route-permit denials from the New Mexico State Land Office.
Project Jupiter is part of Oracle’s broader capital-intensive data-center expansion, which has sharply increased the company’s infrastructure spending and long-term commitments.
Oracle reported $55.7 billion of capital expenditures in fiscal 2026, up from $21.2 billion the previous year, with spending driven primarily by data-center expansion. Free cash flow was negative $23.7 billion for the year.
As of August 31, Oracle disclosed $288 billion of additional lease commitments, substantially all related to data-center arrangements. The commitments are generally expected to commence between the second quarter of fiscal 2027 and fiscal 2029 and have terms of 15 to 19 years.
About $18 Billion of Project Jupiter Loans Were Under Pressure Project Jupiter’s financing had drawn scrutiny before Thursday’s report.
Reuters reported on September 18, citing the Financial Times, that about $18 billion of loans tied to the Oracle-leased Project Jupiter data center were trading at roughly 89 to 91 cents on the dollar.
Efforts to distribute the loans more broadly had stalled amid lender concerns about Oracle’s financing requirements and credit profile, Reuters reported.
The financing is tied to the Project Jupiter development and Oracle’s lease of the site rather than being described in the report as $18 billion of direct Oracle corporate debt.
ORCLB Falls Alongside Oracle Shares Meanwhile, Oracle Tokenized bStocks (ORCLB) was trading at about $137.35, down 6.77% over the previous 24 hours, according to CoinMarketCap data.
With about 24.26K ORCLB in circulation, the token had a market capitalization of approximately $3.33M. ORCLB is separate from Oracle’s NYSE-listed common stock. It is a tokenized security issued by BTech Holdings Limited, a Binance group affiliate, rather than by Oracle Corp., and does not represent direct ownership of Oracle shares.
Project Schedule and Financing Remain Key Reported Milestones Project Jupiter is currently expected to enter service in 2028, according to Bloomberg, while Oracle continues to say the project remains on its planned schedule.
Further disclosures on construction progress, the pipeline schedule, the microgrid air-permit proceeding, project financing, or the contractual effect of the force-majeure notice would provide additional information on the development’s status.
Serenity noted that while the AI infrastructure and Neocloud sectors declined overall, Nebius (NBIS) bucked the trend to rise by roughly 6%—a relative strength that stands out sharply. Oracle issued a force majeure notice over its large Project Jupiter data center in New Mexico, which may miss its 2028 opening target, in an effort to fend off rising cost risks. This underscores how full-stack delivery and large-scale project execution risks are weighing on the sector, while NBIS has relatively avoided such troubles. Serenity further pointed out that even if its core business continues to surge after 2027, the market may still be underestimating the growth potential of Nebius’s various business segments. Nebius is the "purest and most asymmetric Neocloud play", with none of the full-stack execution uncertainties seen in IREN or ORCL, no high-interest debt pressure like CRWV or APLD, and none of the unstable large-client contract issues plaguing some mining firms that have transitioned to cloud services.
Key Takeaways Shares of Bloom Energy declined approximately 7% on Thursday following Oracle’s force majeure notice related to Project Jupiter, a data center facility in New Mexico. Oracle’s shares simultaneously fell around 5% amid questions about its artificial intelligence infrastructure investments. Construction of the critical natural gas pipeline for the New Mexico facility has been postponed from August 2026 to February 2027. The timing coincided with Bloom’s S&P 500 addition, creating a classic “sell the news” market reaction. Bloom faces an upcoming September 28 deadline for lead plaintiff motions in an ongoing securities class action case. Bloom Energy (BE) shares experienced a significant selloff Thursday, plunging up to 7%, while Oracle (ORCL) simultaneously shed nearly 5%. The dual decline followed reports from Bloomberg indicating that Oracle had issued a force majeure notification concerning Project Jupiter, an ambitious AI-focused data center being developed in New Mexico.
Bloom Energy Corporation, BE
The connection between the two companies centers on Bloom Energy’s fuel cell technology, which is designated to provide electrical power for Project Jupiter upon completion. This interdependence explains why developments affecting the New Mexico project impacted Bloom’s stock performance nearly as severely as Oracle’s.
According to reports, Oracle transmitted the force majeure notification to Blue Owl, the project developer. The strategic move appears designed to shield Oracle from potential financial penalties should the facility miss its scheduled 2028 launch date, rather than indicating an exit from its role as the primary tenant.
When contacted by Bloomberg, an Oracle representative emphasized the company’s “full commitment to New Mexico” and expressed confidence in the overall strategy. However, the spokesperson declined to provide specific commentary on the force majeure notice.
Even before Thursday’s announcement, Project Jupiter had been navigating financial headwinds. Approximately $18 billion in loans associated with the development were recently changing hands at 89 to 91 cents per dollar, suggesting financial institutions have encountered difficulty syndicating the debt.
Infrastructure Setback Compounds Challenges Construction of the essential natural gas pipeline required to power the data center campus has experienced significant delays. The completion timeline has been pushed back from August 2026 to February 2027 due to complications securing right-of-way approvals.
This postponement carries substantial implications for Bloom, as the company’s fuel cell systems require the natural gas infrastructure to operate. Every delay in the construction schedule correspondingly postpones the point at which Bloom can begin generating income from its equipment at the facility.
The stock decline also followed immediately after Bloom’s formal inclusion in the S&P 500 index. Market participants frequently engage in profit-taking after anticipated events materialize, and this dynamic appeared to contribute to Thursday’s downturn.
Broader market conditions, including elevated Treasury yields and climbing oil prices, applied additional downward pressure on growth-focused equities like Bloom throughout the week. Compounding these factors, the company confronts a September 28 deadline for lead plaintiff appointments in a securities class action suit alleging the company made misleading statements regarding its dependence on Chinese scandium supplies.
Analyst Sentiment on Both Stocks Despite the recent turbulence, Oracle’s fundamental business continues demonstrating robust expansion. First-quarter fiscal revenue jumped 30% year-over-year to reach $19.3 billion, while cloud services revenue surged 62% to $11.6 billion.
The company concluded the quarter with $664 billion in remaining performance obligations on its books. Leadership reported deploying over 300,000 GPUs to cloud clients and bringing 850 megawatts of additional data center capacity online during the reporting period.
Wall Street’s consensus on Oracle remains strongly positive. Of 32 analysts tracking the stock, 27 assign it a Buy rating, four recommend Hold, and just one suggests Sell. The average analyst price target stands at $245.75, representing approximately 79% upside potential from current trading levels.
The Oracle-Bloom partnership extends well beyond Project Jupiter. In April, the companies announced an expanded collaboration targeting up to 2.8 gigawatts of total power capacity, with 1.2 gigawatts already contractually committed.
Bloom has highlighted its proprietary 800-volt direct current architecture as delivering meaningful cost savings for next-generation AI infrastructure. Company projections suggest this technological approach could reduce non-compute capital expenditures by $3.6 billion for a theoretical one-gigawatt data center installation.
Analyst coverage of Bloom Energy shows 10 Buy ratings and eight Hold ratings among 18 total analysts, yielding a Moderate Buy consensus. The average price target of $281.39 implies approximately 11% upside from present levels.
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Jupiter Exchange just added perpetual futures markets for three assets: tokenized SpaceX equity (SPCX), Hyperliquid’s native token (HYPE), and the privacy-focused Zcash (ZEC). The new listings went live on September 22 alongside perps for JUP itself, SNDK, and SKHYNIX.
All three headline additions offer up to 20x leverage with USDC as collateral, meaning traders can go long or short without needing to hold the underlying asset. JUP perps, meanwhile, cap out at 10x.
What the new markets actually look like The new contracts run on what the team calls the GUM orderbook engine, a system distinct from the JLP liquidity pool that underpins Jupiter’s original perpetual markets for SOL, ETH, and wBTC.
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Price feeds come from Chainlink oracles, and funding rates settle hourly rather than the eight-hour intervals common on centralized exchanges. The markets trade around the clock, which is standard for crypto perps but notable for SPCX, given that the underlying SpaceX shares don’t exactly have a 24/7 spot market.
Tokenized SpaceX shares steal the spotlight SPCX is the most eyebrow-raising listing of the bunch. The token represents tokenized shares of SpaceX, first launched on Solana back in June 2026. SpaceX remains a private company, so traditional retail investors have essentially zero access to its equity outside of secondary-market platforms and now, tokenized versions on-chain.
HYPE, meanwhile, brings cross-protocol intrigue. Hyperliquid operates its own perpetual futures exchange, so Jupiter is essentially listing a competitor’s token as a tradeable derivative. ZEC rounds out the trio as one of the oldest privacy coins in crypto.
The staking gate and what it signals Access to these beta markets isn’t open to everyone. Traders need to have staked at least 69 JUP tokens to get early entry.
Jupiter’s evolution from swap router to derivatives platform Jupiter originally made its name as Solana’s dominant DEX aggregator, routing trades across multiple liquidity sources to find the best execution price. Jupiter’s initial perps markets covered SOL, ETH, and wBTC, all backed by the JLP liquidity pool.
Adding six new markets in a single batch, spanning native crypto tokens, tokenized equities, and a privacy coin, is a qualitative leap. Jupiter is no longer just aggregating existing liquidity — it’s creating new markets from scratch, complete with custom infrastructure like the GUM engine.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
New Markets Signal Jupiter's Derivatives Push@JupiterExchange has expanded its perpetual futures offering on Solana, adding new trading pairs that include $SPCX, $HYPE, $ZEC, $SKHYNIX, and $SNDK. The rollout is running in beta, with early access currently limited to users who hold at least 69 $JUP.
The expansion marks Jupiter's return to the derivatives space and extends its reach beyond its core swap aggregation business. The new pairs span both crypto assets and real-world asset (RWA)-backed instruments, reflecting a broader push to bring more asset classes on-chain.
A Growing Force in Solana Derivatives Its derivatives arm has grown alongside that dominance.
Adding RWA-backed pairs alongside crypto tokens positions Jupiter to capture demand from a wider pool of traders, particularly as tokenized real-world assets gain traction across DeFi. With the beta gate set at 69 $JUP, the platform is also nudging users toward holding its native token as a prerequisite for access to new products.
