An address tracked by Lookonchain bought about $7.22 million worth of cryptos in twenty-four hours. Its portfolio favors Ethena, Ondo, Aerodrome, and Uniswap, while Pepe represents only a small part of the operation.
In brief
A whale bought nine cryptos for $7.22 million in 24 hours.
LIT, ENA, and ONDO represent nearly 57% of invested capital.
PEPE accounts for only 2.7% of purchases, far behind tokens linked to DeFi.
The portfolio favors decentralized finance, tokenization, and artificial intelligence.
These purchases may signal a bet on an altcoin rebound, without guaranteeing a price increase.
PEPE, Ethena, Ondo, and Lighter dominate purchases
Lookonchain spotted on October 22 a series of purchases made by the same address. It allocated its capital among nine assets linked to several sectors, including DeFi, tokenization, artificial intelligence, and memecoins.
The operation therefore does not constitute a general accumulation by several whales. It reflects the strategy of a single portfolio, whose owner and objectives remain unknown.
The published allocation allows measuring its main positions :
378,129 LIT, for about $1.4 million ;
6.61 million ENA, for $1.34 million ;
3 million ONDO, for $1.34 million ;
1.154 million AERO, for $948,000 ;
241.8 ETH, for $591,000 ;
2,944 QNT, for $589,000 ;
61,252 UNI, for $443,000 ;
1,387 TAO, for $368,000 ;
43.3 billion PEPE, for $195,000.
Lookonchain stated :
A whale bought about $7.22 million worth of tokens in the last twenty-four hours.
LIT, ENA, and ONDO concentrate nearly $4.1 million, or about 57% of the total amount. Pepe ranks last with only 2.7% of invested capital.
The source headline therefore highlights this memecoin, but the transaction mainly targets projects associated with decentralized finance and tokenized assets.
The portfolio bets on several market narratives
The purchases seem to follow a thematic diversification strategy. Ethena develops an ecosystem centered on its synthetic dollar USDe. Ondo Finance focuses on tokenizing traditional financial products. Uniswap and Aerodrome provide decentralized exchange services.
Bittensor, whose token is TAO, represents the bet on decentralized artificial intelligence. Quant and Ethereum add exposure to more established infrastructures. LIT, the main purchase, remains more volatile due to its smaller size and more limited liquidity.
The whale also seems to have taken advantage of the recent decline of several assets. During the transactions, ENA traded around $0.199 after a drop from $0.2437. ONDO was priced near $0.435, while AERO traded around $0.807.
Only LIT showed a notable daily increase, close to 7%, with a price around $3.69. The portfolio therefore does not follow a uniform strategy. It combines purchases after a correction with a position on a token already trending upwards.
This selection could indicate an anticipation of capital returning to altcoins. It might also respond to needs for market making, liquidity, or cash management. The identity of the address does not allow deciding between these hypotheses.
A whale purchase does not guarantee any rise
Large address movements attract attention because they can reduce the quantity available on the market. However, they do not constitute a reliable forecast. A whale can be wrong, hedge another position, or resell its tokens a few hours later.
Small and medium altcoins also have less market depth than bitcoin or ether. A large purchase can temporarily raise their price. Conversely, a quick sale can trigger a sharper correction.
Transfer to a private wallet also does not prove that tokens will be kept for a long period. One must examine origin addresses, potential deposits on platforms, and interactions with DeFi protocols to understand the real strategy.
Future operations from this address will therefore be more informative than this isolated purchase. Regular accumulation, followed by long-term holding, would strengthen the hypothesis of a bullish bet. Quick transfers to exchanges would rather indicate a short-term strategy.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A large crypto investor made a series of significant purchases totaling $7.22 million over the past 24 hours, allocating funds across a mix of DeFi and real-world asset tokens, as well as a small allocation to a meme coin.
Key purchases and token performanceThe whale’s largest investments included 378,129 LIT valued at $1.4 million, 6.61 million ENA for $1.34 million, and 3 million ONDO totaling $1.34 million. Substantial amounts were also committed to AERO ($948,000), ETH ($591,000), QNT ($589,000), UNI ($443,000), TAO ($368,000), and PEPE ($195,000).
TokenAmount PurchasedValueCurrent Price24h Price ChangeLIT378,129$1.4 million$3.69+7%ENA6.61 million$1.34 million$0.199-2.5%ONDO3 million$1.34 million$0.435-4%AERO—$948,000$0.807-4.6%ETH—$591,000$2,428-1%Most of the allocations targeted small and mid-sized tokens rather than leading coins like Bitcoin, suggesting the investor may be seeking higher potential returns by focusing on less established assets.
Market movement since acquisitionOf the major purchases, LIT is the only token currently trading above the entry price. It recently traded at $3.69, around 7% higher in the last 24 hours. The investor bought LIT at approximately $3.70, making this position nearly at breakeven.
ENA, the token connected to stablecoin projects, is under pressure. It trades at $0.199, down 2.5% for the day. ENA experienced a sharp decline in the week leading up to October 18, falling from $0.2437 to $0.178, and although it has seen a modest rebound, it remains well below last week’s levels.
ONDO also dropped, trading at $0.435 after slipping over 4%. The change since October 17, when ONDO was around $0.449, has been relatively minor. AERO, another sizable holding, faced a 4.6% decrease to about $0.807, with the whale’s average entry near $0.82—resulting in a small loss so far.
ETH showed the steadiest movement among the tokens, with its price falling 1% to $2,428. The investor’s entry price was around $2,444, leaving the ETH trade nearly flat.
Investment rationale and outlookPurchasing during market downturns is a strategy often used by large investors, who may view the tokens as undervalued after recent declines. Many of these coins, such as ENA, have pulled back sharply from previous highs.
The selection of tokens also fits active narratives in the sector. ENA and ONDO are linked to stablecoin infrastructure and tokenized real-world assets, UNI and AERO are major trading platforms, while TAO is tied to artificial intelligence.
Mini dictionary: Tokenized real-world assets, or RWA tokens, represent ownership of physical assets (such as real estate, commodities, or bonds) on blockchains, enabling broader access, increased liquidity, and efficient transfer of these traditionally illiquid asset classes.
Nearly all of the tokens were dropping at the time of purchase, highlighting a potential “buy the dip” strategy. However, whale activity does not guarantee upward price movement as large holders can quickly reverse positions. Altcoins, especially in the small to mid-cap range, often experience more volatile price swings than major cryptocurrencies.
One wallet accumulating a basket of declining altcoins could be aiming to exploit low prices, but the risks remain high since price swings are more dramatic among smaller tokens and whales may sell rapidly if market sentiment shifts.
Market observers are watching to see if this large investor continues to build positions in these tokens and whether ENA, AERO, and ONDO can stabilize after their recent declines.
Grayscale has released a crypto asset valuation analysis, publishing two top-10 lists: token holder yield and adjusted earnings yield. The token holder yield top 10 are, in order: HYPE, LIT, CAKE, AERO, UNI, RAY, PENDLE, AAVE, JUP, CRV. The adjusted earnings yield top 10 are, in order: CAKE, LIT, HYPE, RAY, AAVE, JUP, SKY, UNI, AERO, PENDLE. Grayscale noted that many crypto assets can be valued based on cash flow. Token holder yield is calculated as the sum of staking rewards and buyback amounts minus the value of new token issuance, relative to circulating market capitalization. Adjusted earnings yield is the ratio of protocol earnings to circulating market capitalization, minus the circulating supply inflation rate, used to measure a protocol's profitability after deducting token dilution.
Lighter founder and CEO Vladimir Novakovski stated during the Q3 investor meeting: "We are currently pursuing licenses as a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO). We have spent extensive time communicating with staff at the U.S. Commodity Futures Trading Commission (CFTC) to align with all its core principles. Many of these principles already have clear correspondences with how Lighter implements them on-chain. For other principles, we have developed entirely new approaches that are unprecedented for regulators, and they are now investing significant time engaging with us to understand how these work. Our next plan is to formally submit these license applications next month. Regulators then have a maximum of 280 days to review them. Since we have completed all this preparatory work, we believe the subsequent process will go smoothly. We are very much looking forward to obtaining these licenses in the U.S. and opening our platform to the American market—not for retail users, but for institutional clients." Earlier, LIT saw a price drop amid news that Robinhood launched perpetual contracts in the U.S. using Bitstamp. At the time, Robinhood CEO Vlad Tenev told reporters that the decision not to select Lighter was due to regulatory structure. Novakovski’s remarks at the investor meeting have reignited community speculation that Lighter could collaborate more closely with Robinhood once it becomes compliant. According to HTX market data, driven by these remarks, LIT rose as much as 15% in 24 hours and is currently trading at $3.76.
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.
Rising risk aversion grips global markets: South Korean stocks dropped over 4%, Bitcoin fell more than 2.7%, and Brent crude oil surged past $111.
Against the backdrop of rising Middle East tensions and mixed tech earnings results, global market risk sentiment has cooled. The Korea Composite Index fell over 4%, SK Hynix dropped more than 5%, and Samsung Electronics declined over 4%; the Nikkei 225 index fell around 2.65%, while the MSCI Asia Pacific index slipped 1.72%, hitting its lowest closing level since the end of July. In U.S. markets, Nasdaq futures fell 1.5% and S&P 500 futures declined 0.8%.
In energy markets, Brent crude rose 2% to $111 per barrel. The U.S. State Department ordered non-emergency diplomatic personnel and their families at its Saudi Arabia embassy to evacuate, further stoking concerns over escalating Middle East tensions and disrupted oil supplies. Risk-off sentiment pushed U.S. Treasury prices higher: the 30-year Treasury yield fell 3 basis points to 5.38%, the U.S. dollar dropped 0.5% against the Japanese yen to 157.34. Precious metals also weakened: spot gold fell 1.04% to $4,097 per ounce, and spot silver declined 3.21%, briefly dipping below $56 per ounce. Bitcoin dropped over 2.7% on the day to around $82,200.
In tech stocks, Tesla fell 3.3% in after-hours trading after cutting its capital expenditure forecast; Meta rose 2.14% in after-hours trading following an upward revision to its AI-related spending outlook; Lam Research dropped 7.21% in after-hours trading due to weaker-than-expected performance guidance. Market scrutiny of AI investment returns and commercialization prospects continues to intensify, as investors shift focus from capital expenditure size to evaluating actual performance and monetization capabilities.
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All Phase 4 staking pools for Renaiss's Earn collectible card staking yield product are fully subscribed, with a total of 1,593 Pokémon cards staked, valued at over $200,000.
Renaiss Earn is a staking yield product launched by Renaiss, a physical collectibles tokenization protocol built on BNB Chain. After physical collectible cards are authenticated, custodied, and tokenized, holders can deposit the on-chain assets corresponding to eligible cards into staking pools to earn USDT yields per relevant rules, generating returns during their holding period without selling the cards. According to Renaiss, the first-phase staking pool was fully subscribed just 30 minutes after launch. All four current staking pools are now fully subscribed, with a total of 1,593 collectible cards staked, valued at over $200,000. The four staking pools all offer an annual percentage yield (APY) of 48% with a 60-day lock-up period. As a tokenization infrastructure for physical collectibles, Renaiss converts physical collectibles into programmable on-chain assets via authentication, custody, and tokenization, providing foundational support for the collectibles market in asset onboarding, circulation, and integration with financial applications. Building on this, Renaiss has developed features including trading, verifiable draws, and staking yields, expanding the on-chain use cases of physical collectibles.
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A crypto whale liquidated a $21.15 million long position in Bitcoin, with the funds redirected to Ethereum.
According to TradingBeats monitoring, a large whale wallet starting with 0x469e completed a major position adjustment this morning: it liquidated 250 BTC long positions, actually selling around $21.15 million; meanwhile, it added 5,219.54 ETH long positions, with total transaction value of about $13.06 million. The average closing price of BTC was approximately $84,599.81, generating a profit of around $568,000; the average entry price for the ETH additions was about $2,502.17. Its ETH long positions increased from 10,000 to around 15,200, a rise of approximately 52.2%. Currently, the position value stands at around $37.075 million, with an average price of $2,601.72, still showing an unrealized loss of about $2.522 million. It is reported that ETH has not yet outperformed BTC; the spot ETH/BTC exchange rate is now around 0.02946, down about 8.28% since the start of this month, and has fallen by around 0.64% since October 15. Although there has been a recent recovery from lows, a sustained uptrend has not yet formed.
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Driven by strong risk aversion, the Nikkei 225 index has dropped to a near three-month low.
Affected by strong risk aversion, the Nikkei 225 index fell 2.65% to close at 62907.84 points, marking its lowest closing level since July 30. Analysts at InTouch Capital Markets stated: "Investors are beginning to question whether the performance of the latest round of artificial intelligence (AI) corporate earnings is sufficient to support current elevated valuations, as well as the rationale for companies' continued large-scale investments in computing infrastructure." The analysts added, "Resurgent geopolitical concerns have further exacerbated pressure on the market environment, which is sensitive to economic growth." (Source: Jinshi)
Rising risk aversion grips global markets: South Korean stocks dropped over 4%, Bitcoin fell more than 2.7%, and Brent crude oil surged past $111.
Against the backdrop of rising Middle East tensions and mixed tech earnings results, global market risk sentiment has cooled. The Korea Composite Index fell over 4%, SK Hynix dropped more than 5%, and Samsung Electronics declined over 4%; the Nikkei 225 index fell around 2.65%, while the MSCI Asia Pacific index slipped 1.72%, hitting its lowest closing level since the end of July. In U.S. markets, Nasdaq futures fell 1.5% and S&P 500 futures declined 0.8%. In energy markets, Brent crude rose 2% to $111 per barrel. The U.S. State Department ordered non-emergency diplomatic personnel and their families at its Saudi Arabia embassy to evacuate, further stoking concerns over escalating Middle East tensions and disrupted oil supplies. Risk-off sentiment pushed U.S. Treasury prices higher: the 30-year Treasury yield fell 3 basis points to 5.38%, the U.S. dollar dropped 0.5% against the Japanese yen to 157.34. Precious metals also weakened: spot gold fell 1.04% to $4,097 per ounce, and spot silver declined 3.21%, briefly dipping below $56 per ounce. Bitcoin dropped over 2.7% on the day to around $82,200. In tech stocks, Tesla fell 3.3% in after-hours trading after cutting its capital expenditure forecast; Meta rose 2.14% in after-hours trading following an upward revision to its AI-related spending outlook; Lam Research dropped 7.21% in after-hours trading due to weaker-than-expected performance guidance. Market scrutiny of AI investment returns and commercialization prospects continues to intensify, as investors shift focus from capital expenditure size to evaluating actual performance and monetization capabilities.
1 seconds ago
Marathon Fusion has successfully achieved the "mercury-to-gold" alchemy, which could disrupt the fundamentals of gold in the medium to long term.
US private nuclear fusion startup Marathon Fusion announced in a post early this morning that it has successfully achieved high-efficiency alchemy: converting mercury into real, stable gold. According to its video presentation, Marathon Fusion uses beam-driven fusion technology to transform mercury-198 into mercury-197, which decays into stable gold-197 after roughly 64 hours; the process also breeds tritium and generates electricity. Lab simulations indicate that each GWth can produce over 2 tons of gold annually, potentially doubling the economic value of power plants. Market analysts pointed out that the technology remains in the small-scale laboratory demonstration phase, with output far from commercial levels, so it has almost no material impact on gold in the short term. However, if the technology matures and is commercialized in the future, it theoretically has the potential to disrupt gold market fundamentals. Public information shows that Marathon Fusion is a San Francisco-based private nuclear fusion startup founded in 2023, focusing on full-stack nuclear fusion research and dedicated to solving the fuel cycle challenges of fusion reactors.
1 seconds ago
All Phase 4 staking pools for Renaiss's Earn collectible card staking yield product are fully subscribed, with a total of 1,593 Pokémon cards staked, valued at over $200,000.
Renaiss Earn is a staking yield product launched by Renaiss, a physical collectibles tokenization protocol built on BNB Chain. After physical collectible cards are authenticated, custodied, and tokenized, holders can deposit the on-chain assets corresponding to eligible cards into staking pools to earn USDT yields per relevant rules, generating returns during their holding period without selling the cards. According to Renaiss, the first-phase staking pool was fully subscribed just 30 minutes after launch. All four current staking pools are now fully subscribed, with a total of 1,593 collectible cards staked, valued at over $200,000. The four staking pools all offer an annual percentage yield (APY) of 48% with a 60-day lock-up period. As a tokenization infrastructure for physical collectibles, Renaiss converts physical collectibles into programmable on-chain assets via authentication, custody, and tokenization, providing foundational support for the collectibles market in asset onboarding, circulation, and integration with financial applications. Building on this, Renaiss has developed features including trading, verifiable draws, and staking yields, expanding the on-chain use cases of physical collectibles.
1 seconds ago
A crypto whale liquidated a $21.15 million long position in Bitcoin, with the funds redirected to Ethereum.
According to TradingBeats monitoring, a large whale wallet starting with 0x469e completed a major position adjustment this morning: it liquidated 250 BTC long positions, actually selling around $21.15 million; meanwhile, it added 5,219.54 ETH long positions, with total transaction value of about $13.06 million. The average closing price of BTC was approximately $84,599.81, generating a profit of around $568,000; the average entry price for the ETH additions was about $2,502.17. Its ETH long positions increased from 10,000 to around 15,200, a rise of approximately 52.2%. Currently, the position value stands at around $37.075 million, with an average price of $2,601.72, still showing an unrealized loss of about $2.522 million. It is reported that ETH has not yet outperformed BTC; the spot ETH/BTC exchange rate is now around 0.02946, down about 8.28% since the start of this month, and has fallen by around 0.64% since October 15. Although there has been a recent recovery from lows, a sustained uptrend has not yet formed.
1 seconds ago
Day 17 of OpenAI’s 28-day product sprint: Quota reset again.
Beating AI News: OpenAI’s Product and Platform Lead Tibo Sottiaux announced that the 28-day product sprint has reached Day 17, and today marks another quota reset. This is the 7th global reset announced since the sprint began, and it is expected to be completed before 1 AM Beijing time on October 23. Tibo also reminded users to apply for Daybreak Blue access in advance, noting the process only takes 15 minutes, and urged them not to wait until a real security incident occurs to do so. Daybreak Blue is a special access permission OpenAI offers to vetted cybersecurity practitioners, enabling AI-assisted vulnerability scanning, malware analysis, and security incident response.
1 seconds ago
Driven by strong risk aversion, the Nikkei 225 index has dropped to a near three-month low.
Affected by strong risk aversion, the Nikkei 225 index fell 2.65% to close at 62907.84 points, marking its lowest closing level since July 30. Analysts at InTouch Capital Markets stated: "Investors are beginning to question whether the performance of the latest round of artificial intelligence (AI) corporate earnings is sufficient to support current elevated valuations, as well as the rationale for companies' continued large-scale investments in computing infrastructure." The analysts added, "Resurgent geopolitical concerns have further exacerbated pressure on the market environment, which is sensitive to economic growth." (Source: Jinshi)
Lighter (LIT), a decentralized derivatives trading platform in the cryptocurrency market, has announced plans to enter the US market and expand its collaboration with Robinhood.
According to information shared during a meeting with investors, Lighter plans to apply for the necessary license to operate in the U.S. in November 2026.
The company stated that it aims to integrate into Robinhood’s main investment platform in the US after obtaining the necessary approvals from regulatory authorities.
The chart shows the increase in the LIT price. *This is not investment advice.
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Lighter’s LIT token rose more than 15% on October 21, 2026, reaching approximately $3.90. The move came as the perpetual futures exchange said it plans to seek a US license next month.
Lighter’s management plans to file for a derivatives license with the Commodity Futures Trading Commission (CFTC) in November 2026. If approval eventually comes, it could open the door to wider institutional access in the US market.
What’s driving the move Lighter is a decentralized exchange built around perpetual futures, or “perps.” These are futures contracts that never expire, allowing traders to hold a leveraged bet on an asset’s price indefinitely without ever owning the asset itself.
Founder Vladimir Novakovski has said the team has spent roughly a year in conversations with regulators. The research cites more than 11 months of discussions ahead of the planned filing.
His stated goal: make Lighter the first on-chain perpetual decentralized exchange to obtain legal approvals from the CFTC. Such approval could also lay the groundwork for a dedicated US operating entity.
The Robinhood connection Robinhood Chain launched on July 1, 2026, and integrated Lighter for perpetual trading. The arrangement uses a 50/50 revenue split on trades executed through the platform.
According to the research, millions of dollars in trading volume have already been routed through the partnership. Lighter has set aside 11 million LIT tokens for incentives, with activity through the Robinhood Wallet earning double points.
Lighter has also been expanding its product lineup, recently introducing binary options on BTC and ETH. These allow traders to bet on whether a price will be above or below a set level at a set time, with an essentially yes-or-no payout.
Background: money, backers and burns Lighter is operated by Elliot Technologies, a company based in Delaware. In November 2025, it raised $68 million at a $1.5 billion valuation. Robinhood Ventures was among the backers.
On the token side, protocol revenues fund ongoing buybacks and burns of LIT, with millions of tokens burned each quarter. Fewer tokens in circulation means each remaining token represents a larger slice of the supply.
What this means The most consequential piece here is the CFTC filing, not the price move. A successful application would put Lighter in a different category, potentially making it a regulated on-chain venue that US institutions can access.
For LIT holders, the setup has a few moving parts. Revenue sharing with Robinhood drives volume, volume drives protocol revenue, and protocol revenue funds buybacks and burns.
Regulatory approval is uncertain and can take time, and the filing itself is still weeks away. The research flags both regulatory hurdles and market swings as ongoing challenges.
Novakovski is explicitly aiming for first-mover status among on-chain perp exchanges seeking CFTC approval. What to watch next: whether the CFTC filing lands in November as planned, how regulators respond to it, and whether trading volume through Robinhood Chain keeps growing. The pace of quarterly token burns will offer another read on how much revenue the protocol is actually generating.
Disclosure: This article was edited by John Chen. 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.
Lighter’s LIT token has climbed more than 20% to around $3.90 as attention has returned to its Robinhood Wallet partnership and Delphi Digital’s assessment of the exchange.
Summary
Robinhood announced the wallet integration in July, months before the latest token rally. 11 million LIT tokens were allocated to a rewards program for eligible traders. Delphi included Lighter in its research on businesses earning revenue from speculative trading. U.S. residents remain excluded from Lighter perpetual futures offered through Robinhood Wallet. CoinGecko showed LIT at $3.88, up 21.3% over 24 hours, with token trading volume of roughly $125.5 million. Its price page listed a daily range of $3.21 to $3.97 and a market capitalization near $974.4 million.
Against other major cryptocurrencies, the main panel showed LIT gaining 18.3% in Bitcoin terms and 17.6% against Ether. CoinGecko listed a circulating supply of 250 million tokens against a maximum supply of 1 billion.
Lighter’s Robinhood integration dates to July Robinhood announced access to Lighter perpetual futures inside its self-custody wallet on July 1. The company limited the service to eligible users in selected jurisdictions when it introduced the product.
The integration arrived alongside the Robinhood Chain mainnet launch, an Ethereum layer-2 network built using Arbitrum technology. Robinhood presented the rollout at its London event, as crypto.news previously reported.
Robinhood’s announcement allocated 11 million LIT tokens to its community through a points program. Eligible participants earn twice the points for perpetual futures trades through Robinhood Wallet compared with trades through Lighter’s web application, with points converting into tokens subject to the exchange’s terms.
A July 17 account of the Robinhood Wallet perpetuals partnership described USDG as both the collateral and the currency in which contracts are priced. It put the revenue split between Robinhood and Lighter at 50/50.
The same account traced the companies’ financial relationship to November 2025, when Robinhood Ventures participated in Lighter’s $68 million funding round at a valuation of roughly $1.5 billion. Robinhood CEO Vlad Tenev serves as an adviser to the exchange, according to that account.
Delphi places Lighter in its trading-platform thesis Delphi Digital discussed Lighter in an Oct. 20 report examining speculative trading businesses and the platforms that earn revenue from them. The research placed the exchange alongside Hyperliquid in its discussion of perpetual futures venues.
Using DefiLlama figures dated Oct. 6, the report listed approximately $56 billion in Lighter trading volume over 30 days. Comparable figures in the research were $203 billion for Hyperliquid, $66 billion for Variational and $60 billion for Aster.
Delphi cautioned that some activity across the category comes from traders farming incentives. Its chart noted that Lighter’s figure appeared to include the Robinhood Chain integration.
The researchers described Lighter as an order-book exchange using zero-knowledge proofs to verify matching, with ordinary accounts trading without fees. Their account listed stocks, commodities, and foreign exchange alongside cryptocurrencies among the venue’s markets.
With retail trading free, Delphi tied the business’s revenue opportunities to premium accounts and distribution agreements. The report described the Robinhood arrangement as a revenue-sharing deal operating outside the United States since July.
Robinhood’s disclosures exclude U.S. residents Robinhood’s product disclosures say Lighter perpetual futures are unavailable to residents of the United States, United Kingdom, Canada, Switzerland, United Arab Emirates and Singapore, alongside other restricted jurisdictions.
The company states that users execute transactions directly through their self-custody wallets and Lighter’s smart contracts. Robinhood Non-Custodial supplies wallet-management services for that interaction, according to the disclosures.
The July launch account separately described Robinhood’s Stock Tokens as debt securities providing economic exposure to underlying equities. Holders do not receive ownership of the underlying shares or voting rights, according to the company’s explanation.
Robinhood said eligible users could trade those tokens around the clock and use them across decentralized applications, including lending services and collateral arrangements.
Lighter’s latest developer release remains a devnet Away from the wallet partnership, Axiom announced a public Lighter EVM development network on Oct. 16. The release connects an Ethereum-compatible environment with Lighter Core, its order-matching and risk engine.
Axiom said smart contracts can read account balances, positions, orders, and market information through the connection. Contracts can submit, change, and cancel trading orders through asynchronous instructions that execute in seconds.
The Oct. 16 account of the Lighter EVM devnet release described one-second blocks, ETH gas payments, and support for Ethereum development tools including Foundry, Hardhat, Viem, and Ethers.
The launch post said developers could deposit assets from the devnet settlement layer, transfer them between Core and EVM, and withdraw to that settlement layer.
Lighter’s developer documentation identified limits in the test environment, including mocked proofs for settlement finalization and an asset-recovery mechanism that was not fully functional. Requests to read Core data worked only at the latest block, with historical reads planned for a later update.
Axiom said developers were being admitted in groups and could review public documentation and bridge-contract code while applying for access. The team planned to open the network to all developers in the following weeks.
UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
10 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
10 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
10 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
10 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
10 minutes ago
Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
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.
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Samsung Electronics is now leveraging its 5-nanometer process technology to attract new clients.
According to South Korean media reports, Samsung Electronics' Foundry Business Division, which handles semiconductor contract manufacturing, has begun targeting new customers for its 5-nanometer (nm, one billionth of a meter) process, as its 4-nanometer process capacity is already fully operational. While contracts for its most advanced 2-nanometer process with global large tech firms have been delayed, the move aims to boost production utilization centered on its 4-nanometer and 5-nanometer processes—boasting relatively stable yields—to improve profitability.
Per semiconductor industry sources on the 20th, Samsung Foundry’s 4-nanometer process capacity has effectively reached saturation amid a recent rise in customer orders. As such, Samsung is expanding its sales efforts to attract new clients for its 5-nanometer process. Analysts note that this push for 5-nanometer customers is also a response to the demand shift: with 4-nanometer capacity nearing saturation, the 5-nanometer process can be offered as an alternative to meet clients’ performance and cost requirements, while also lifting utilization of existing production facilities.
Conversely, securing major customers for its 2-nanometer process—its next-generation flagship technology—remains a key challenge. Samsung is in talks with global large tech firms for semiconductor manufacturing contracts based on its 2-nanometer process, but some negotiations are progressing slower than initially anticipated. Advanced processes require not only yield verification but also comprehensive validation of energy efficiency, design intellectual property (IP), and stable mass production capabilities, making the timeline to finalize contracts and launch mass production considerably long.
6 minutes ago
A whale increased its long positions in crude oil to $36.95 million intraday, becoming the largest crude oil long holder on-chain.
According to TradingBeats monitoring, the largest long whale in crude oil contracts, whose address starts with 0x0cc1, has continued to add positions in WTI and Brent crude oil longs over the past 24 hours, net buying approximately $32.785 million. After consecutive position increases, its total long positions in the two oils are valued at around $36.949 million, with an unrealized profit of about $639,000. WTI is the main direction of its position increase, with a net addition of approximately $21.828 million; Brent has a net addition of about $10.957 million. The whale’s positions in the two oils are as follows: WTI crude oil: position value of around $24.001 million, average entry price of $98.597, unrealized profit of about $464,000. Brent crude oil: position value of approximately $12.948 million, average entry price of $106.2393, unrealized profit of about $176,000. During the same period, WTI and Brent contracts were priced at $100.54 and $107.70 respectively. The latest round of position additions by this account occurred around 17:08 today, and as of press time, it is still adding positions.
6 minutes ago
MPLX jumps over 110% in a short period amid news of its listing on Upbit's KRW trading pair.
According to HTX market data, MPLX jumped more than 110% in a short period following the news of its listing on Upbit's KRW trading pair, and is now trading at $0.11.
6 minutes ago
Zhipu's largest long position holder failed to withstand the price downtrend, exiting the market with a $2.71 million loss.
According to TradingBeats, Zhipu (ZHIPU) continues its downtrend, currently trading at $61.54 on Hyperliquid, down about 3.40% in the past 24 hours. The token has dropped roughly 33.78% from its recent high of $92.9 on October 7, and is down approximately 82.91% from its all-time high of $360 when it first launched on on-chain markets on June 22.
The largest ZHIPU long position holder (0x8b3) liquidated all 74,200 ZHIPU long contracts this afternoon, with the liquidation totaling around $4.5445 million and resulting in a loss of roughly $2.7063 million. The whale initiated this long position on September 11, then added to it in batches continuously, holding at an average entry price of $97.7. After holding the position for about 39 days, the account exited entirely at a price roughly 37.32% below its average cost basis.
6 minutes ago
Exa 3.0’s search token consumption has decreased by 47%, matching Perplexity in independent evaluations.
Beating AI News Flash: AI search company Exa has launched Exa 3.0, a version built primarily to provide web search capabilities for AI Agents. Exa claims the new tool ranked first in all 8 evaluations including deep research, code retrieval, financial and corporate investigations, outperforming tested peers Perplexity, Brave, and Parallel.
Third-party evaluator Artificial Analysis, using the same models and Agent frameworks, found Exa Auto achieved an overall score of 80, tying for first place with Perplexity Search. However, Exa’s average task completion time stands at 43.7 seconds, compared to Perplexity’s 25.5 seconds. The lower-priced Exa Lite scored 79, with a task time shortened to 29 seconds.
The upgrade’s core focus is reducing the cost for AI to process search results. The new Dynamic Highlights feature no longer extracts content page-by-page; instead, it synthesizes all search results, allocates more tokens to high-value snippets, and removes duplicate information. Exa says this cuts token consumption by 95% compared to reading full web pages. Artificial Analysis measured that, versus the old summary mode, the Agent’s total tokens per task dropped from 299,000 to 157,000 (a 47% reduction), with total costs falling by 21%.
The technology was available in preview as early as August and is now officially launched. Exa also trained a larger Embedding model and expanded its search index, which now covers 1.27 billion e-commerce product listings, over 211 million merchants, plus real-time data including flights, weather, and sports events. The newly launched Lite tier costs $4 per 1,000 searches, while Auto is $7 per 1,000 searches, both available via API.
6 minutes ago
JPMorgan Chase CEO: The U.S. economy remains in "good times," but the firm is prepared for extreme scenarios including a 40% decline in the stock market.
JPMorgan Chase CEO Jamie Dimon told The Wall Street Journal in an exclusive interview that the current U.S. economy is robust, marked by strong corporate profit growth, low unemployment, and moderate overall leverage among businesses and consumers. He called the current period "a good time."
However, Dimon also pointed to several potential risks accumulating beneath the surface: five years of "sticky" inflation, large fiscal deficits, and geopolitical uncertainties such as overseas wars.
Dimon stressed that predicting the exact timing and triggers of an economic downturn is extremely difficult, as recessions typically stem from a confluence of factors that cannot be accurately forecasted at present.
On banks' response strategies, Dimon said JPMorgan conducts extremely in-depth analysis of all risk types to ensure the bank can withstand shocks—whether interest rates rise or fall, inflation persists, or stagflation sets in—and continue serving clients during challenging periods.
He clarified that the bank has prepared for extreme scenarios including a 40% stock market drop and a two to threefold widening of bond credit spreads, rather than guessing when such scenarios will materialize.
Dimon concluded that an economic downturn will eventually arrive, but the specific combination of events that will trigger it "no one can predict today." The bank’s core principle is to be fully prepared to support businesses and communities across all economic environments, rather than making precise timing forecasts.
21shares has launched two physically backed cryptocurrency exchange-traded products in Europe, offering investors exposure to Lighter’s LIT token and Venice’s VVV token through conventional brokerage accounts.
Summary
21shares launched two physically backed crypto ETPs tracking Lighter (LIT) and Venice Token (VVV) on October 20.
LIHT trades on Deutsche Börse Xetra, while VENC is listed on SIX Swiss Exchange. Both charge a 2.50% annual fee.
The products offer brokerage-account exposure to decentralized derivatives trading and privacy-focused AI without requiring investors to manage tokens directly.
As per the company’s October 20 announcement, the 21shares Lighter ETP trades under LIHT on Deutsche Börse Xetra, while the 21shares Venice Token ETP, VENC, is listed on Switzerland’s SIX exchange. Both products carry a 2.50% annual fee and are backed by their respective underlying cryptocurrencies.
Meanwhile, the listings introduce exchange-traded exposure to two different crypto businesses: Lighter’s decentralized perpetual futures platform and Venice’s privacy-focused artificial intelligence services.
Lighter ETP begins trading on Xetra
The Lighter product tracks LIT, the native token of a decentralized exchange that supports perpetual futures trading across cryptocurrencies and other markets.
21shares said Lighter uses zero-knowledge technology to make its order matching and liquidation processes verifiable. The platform directs revenue toward LIT repurchases and permanent token burns, according to the issuer.
The perpetual futures market just got a new ticker. ⚡
The 21shares Lighter ETP (ticker: LIHT) is now live on Xetra. Lighter (LIT) is a high-performance decentralised exchange specialising in perpetual futures across crypto, equities, FX, and commodities, with an economic model… pic.twitter.com/JFZ32jpAe2
— 21shares (@21shares) October 20, 2026
Deutsche Börse independently confirmed the listing, identifying October 20 as LIHT’s first trading day.
The exchange’s records identify two trading lines for the same product, with the euro-denominated security using LIHT and the U.S. dollar line using LIHU. Both carry ISIN CH1615641755.
The exchange classifies the instrument as a crypto exchange-traded note, or ETN. Investors purchase the listed security and gain exposure to LIT’s price without directly holding the token in their own wallets.
Venice ETP offers exposure to privacy-focused AI
The second product, VENC, tracks Venice Token, the cryptocurrency associated with an AI platform offering services designed to limit the retention and exposure of user information.
Venice provides an API compatible with OpenAI’s interface, allowing developers to connect applications to its AI services.
“Lighter brings a high-performance, fee-generating perpetual futures DEX to traditional accounts, while Venice delivers exposure to the booming private AI sector where data privacy and compute economics meet,” said Jasmin Muelhaupt, 21shares’ head of financial product development.
The issuer’s VENC product page identifies Anchorage Digital Bank and BitGo as custodians, with Flow Traders and Virtu Financial Ireland serving as authorized participants and market makers.
The page lists an October 19 inception date, 65,000 securities outstanding and an initial net asset value of $20 per security, representing $1.3 million in assets. The figure describes the initial product size and does not establish how much money investors have contributed since launch.
Source: 21shares
The issuer’s research provides an additional detail about Venice’s token supply. Annual VVV issuance fell from 14 million tokens at the project’s January 2025 launch to 2 million tokens from October 1, 2026, an approximately 86% reduction.
Venice directs portions of subscription revenue and API credit purchases toward token buybacks and burns. However, 21shares notes that recurring burns remain below issuance and that owning VVV does not provide equity or governance rights in the company.
21shares expands its European crypto products
The two launches follow 21shares’ September introduction of Zcash and ether.fi ETPs in Europe.
As crypto.news previously reported, both products carry 2.50% annual fees, with their underlying tokens held by custodians.
Moreover, the company has offered comparable products for other decentralized finance tokens, including a dYdX-linked ETP introduced in September 2025.
European investors can already access products from 21shares through established securities accounts. In February, ING Germany introduced cryptocurrency ETP trading for retail brokerage customers, with 21shares among its product partners.
The new Lighter and Venice products have different underlying business models, but neither gives ETP shareholders direct control over the cryptocurrencies held by custodians.
Trading the securities through a brokerage account does not remove exposure to token price changes, and returns will be reduced by the products’ annual fees. The issuer’s regulatory disclosure states that the securities are not being publicly offered in the United States.
Some of the worst-hit alts today are PUMP, CC, ENA, LIT, and ZEC.
Bitcoin’s latest rejection at $84,000 resulted in another major leg down on Thursday morning, with the asset plummeting to a fresh monthly low of $80,200.
This substantial correction didn’t spare the altcoins as well, with many plummeting by over 5% from top to bottom. The total crypto market cap dumped by over $100 billion at one point.
BTC Crashed Toward $80K It was precisely a week ago — last Thursday — when the primary cryptocurrency was sliding hard and slumped to a then-multi-week low of $80,400. The bulls finally intervened after this major $6,500 decline in just days and helped the asset recover some ground to $83,000 over the weekend.
They even pushed it to $84,000 at the start of the business week, but that was short-lived, and BTC tumbled below $81,000 on Tuesday morning as South Korea’s KOSPI plummeted. Nevertheless, bitcoin rebounded again and went into the Wednesday CPI announcement trading close to $84,000.
As inflation in September turned out to be slightly higher than expected, the cryptocurrency slipped again toward $82,000. It remained there for a while, but the growing tension in the Asian markets pushed it further south, and it bottomed, at least for now, at $80,200 earlier today.
Although it has recovered around a grand since then, it’s still 2.4% down on a 24-hour scale. Its market cap has slumped to $1.630 trillion on CMC, while its dominance over the alts has climbed above 60%.
BTCUSD October 15. Source: TradingView All Aboard the Red Train ETH led in terms of daily liquidations as it plunged the hardest from the top alts, going to a two-month low of $2,315 before it rebounded slightly to $2,370. Yet, it’s still 5% down on the day. XRP, SOL, BNB, and ADA are also down by 2%-4%, while DOGE and LINK have plummeted by 5% and 6%, respectively.
ZEC has nosedived by 10.5% as of press time, dropping to $1,100. NEAR (-7.5%), RAIN (-11.5%), BTW (-18.5%), TAO (-6%), and QNT (-6%) are also well in the red. PUMP, CC, RAY, ENA, LIT, and STX have all marked double-digit losses. In contrast, STRK has pumped by 10% to $0.087.
Overall, though, the crypto market cap has shed around $100 billion as of now daily and it’s down to $2.710 trillion on CMC.
Cryptocurrency Market Overview October 15. Source: QuantifyCrypto Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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.
Lighter [LIT] gained more than 10% over the past 24 hours as the crypto market recovered from a brief correction. Its Market Cap had fallen below $1 billion but moved closer to reclaiming that valuation.
The rebound came alongside token burns, growing trading activity, and renewed market interest. But could these developments bring LIT’s correction to an end?
Why is LIT price rising? Lighter’s buyback and burn mechanism offered one potential driver.
The platform burned over 2.45 million LIT tokens, valued at $9.50 million at press time. That reduced the circulating supply by 0.98%. The tokens had been bought back programmatically through the end of the third quarter of 2026.
Reducing supply can support prices when demand holds up, especially during a broader market recovery. Still, the burn alone cannot guarantee further gains.
Source: Lighter/X Meanwhile, real-world asset [RWA] perpetual futures activity expanded across the sector. Year-to-date Cumulative Volume rose from $21 billion to $4.25 trillion, largely driven by Hyperliquid [HYPE], Binance, and Lighter.
Source: DeFiLlama Social interest also picked up ahead of Lighter’s Q3 investor update call, scheduled for mid-October.
Beyond those developments, the Altcoin Season Index reached a yearly high of 65, pointing to improving altcoin performance. That offered a supportive backdrop, though LIT still needed to clear its own price hurdles.
Can LIT hold $3.50 and break $4? On the charts, LIT had bounced from rising trendline support since May. However, it entered a correction after reaching $5.48 in late September.
A potential double bottom near $3.50 hinted that selling pressure could be easing. Confirmation would require a break above the $4 neckline.
Here’s the catch: Unlike previous pullbacks over the past five months, LIT had yet to revisit the rising trendline. That left the $3 area as another potential support if the $3.50 base failed to hold.
LIT could therefore recover from the double bottom or retest the trendline before attempting another advance.
Buying pressure also cooled during the current session. Cumulative Volume Delta [CVD] registered approximately -1.98K LIT, indicating that aggressive selling exceeded buying.
Source: LIT/USDT on TradingView Meanwhile, the Relative Volatility Index [RVI] rose from 26 to 61 during October, suggesting stronger upward volatility.
A confirmed break above $4 could bring the $5 target into view. Losing $3.50 would increase the risk of a trendline retest, while losing $3 could weaken the broader uptrend.
Final Summary Lighter gained over 10% alongside token burns, expanding RWA trading activity, and interest ahead of its investor update. LIT’s potential double bottom needed a $4 breakout, while $3.50 and $3 remained downside levels to watch.
Hong Kong Exchanges and Clearing (HKEX) has partnered with S&P Dow Jones Indices to launch the S&P 500 HKEX Tech 100 Index.
The Hong Kong Exchanges and Clearing (HKEX) announced that it has collaborated with leading index provider S&P Dow Jones Indices to co-develop and launch the S&P 500 HKEX Tech 100 Index. This cross-market index combines leading U.S.-listed enterprises and the largest Hong Kong-listed technology companies by market capitalization, offering the market a new benchmark. The S&P 500 HKEX Tech 100 Index was launched on September 30, 2026, with the aim of enabling future ETFs tracking the index to qualify for inclusion in the Stock Connect trading scheme. It is designed to provide investment exposure to both U.S. and Hong Kong stock markets through a single benchmark, promoting portfolio diversification and cross-market capital flows.
7 minutes ago
Anatomy Open-Source: Turns Technical Principles Into Working Machines With Just One Sentence
Beating AI News: Developer Ryan has open-sourced an AI drawing tool called Anatomy, which currently supports Claude Code, OpenCode, and Codex. Users only need to describe the technical concept they want to explain in one sentence, and the AI will automatically design a machine that demonstrates the concept’s principle through moving parts. The generated works can also be operated via mouse or keyboard. For example, when explaining LRU cache (which prioritizes removing the least recently used data), the AI creates a bookshelf that can move books; when explaining how a mechanical watch works, it generates a mechanical device that can wind up, adjust speed, and disassemble gears. More complex works include SpaceX Starship’s Raptor rocket engine, which can be split into 11 components and simulate ignition. Currently, 33 major works are showcased on Anatomy’s official website. Anatomy first studies relevant principles and parameters, then designs parts, creates graphics, and adds animations. The movements and numerical readings in the scene are controlled by the same computational model, changing synchronously during operation. It also has built-in automated inspection tools to detect issues such as part interpenetration and occlusion errors. The final output is editable web code that can be opened independently or embedded into websites. The developer has also packaged existing works into a component library for direct use by developers. The project is open-sourced under the MIT License. However, creating detailed works takes significant time: the mechanical watch took nearly 2 hours to develop, while the Raptor rocket engine took over 10 hours. Its 3D functionality remains in the testing phase.
7 minutes ago
Kraken's parent company Payward has obtained full market approval from Dubai's VARA, and plans to enter the UAE market.
Kraken parent company and integrated financial infrastructure platform Payward announced today that it plans to officially enter the UAE market after securing full market approval from the Dubai Virtual Assets Regulatory Authority (VARA). The approval allows Payward to operate as a regulated Virtual Asset Service Provider (VASP), serving retail, professional, and institutional investors. Upon the official launch of services, Kraken users in the UAE will be able to trade spot and margin pairs priced in UAE Dirhams (AED), as well as deposit and withdraw funds directly in Dirhams. Users will also have access to on-chain staking, xStocks, and Krak for crypto asset transfers; institutional clients can utilize over-the-counter (OTC) spot trading services and Kraken Prime. Subject to regulatory approval, Payward expects to roll out additional products between late 2026 and 2027, including crypto derivatives and expanded yield opportunities. Additionally, Payward will open up its infrastructure to regional partners via embedded trading services.
7 minutes ago
PlanB: Last year, he converted his Bitcoin holdings to be held through ETFs, facing criticism but has no regrets.
Well-known crypto analyst PlanB stated in a post that he converted his held Bitcoin to holdings via ETFs in 2025, a move that drew significant criticism. Later, issues were exposed with Coldcard, and unauthorized hardware implants were subsequently found in Ledger devices. He has no regrets whatsoever about his initial decision to choose ETFs.
Crypto whale sets 10 key targets first: Amid multiple macro headwinds, BTC has only corrected around 5% and will continue holding as long as it does not drop below $79,000.
Whale "Set 10 Big Goals" (@jasonleo) posted late at night, noting that the most notable aspect of Bitcoin’s (BTC) current correction is not the magnitude of the drop, but rather "why it only fell this much". He pointed out that recent macro headwinds include the 30-year U.S. Treasury yield approaching 5.7%, the 10-year yield around 5.3%, rising market expectations for another interest rate hike this year, and resurfacing oil price and inflation pressures. Despite this confluence of negative factors, BTC has only corrected by roughly 5% so far. Jasonleo argues that an asset’s price reaction to news is meaningful in itself. In the past, a single macro headwind could trigger a BTC drop of over 10%; this time, however, under the combined pressure of multiple headwinds, the price has not suffered significant damage—an indication that the current uptrend has notable resilience. Comparing BTC’s current trajectory to its prior bottom near $58,000, he says both periods share the trait of "selling pressure easing after all negative factors are fully priced in", while the market remains in a strong trend. He added that he does not expect BTC to plummet directly to $78,000 or even $74,000, setting $79,000 as the watch level for position adjustments: if BTC breaks below $79,000, he will start reducing positions; if it closes below $78,000 on a daily basis, he will exit all remaining long positions to wait for the next entry opportunity; if the key level holds, he will continue holding long positions.
3 hours ago
Papertrade opens pre-deposits, official trading expected to launch on October 10.
Synthetic perpetual protocol Papertrade, built on HyperEVM, officially announced its pre-deposit feature is now live. Users can complete deposits and account creation within the next two days. The official noted that account creation and deposits will be significantly restricted once trading launches; depositing early helps avoid opening congestion, though there are no additional benefits for depositing during the pre-deposit period. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It fetches prices from the Best Bid/Offer (BBO) mid-price of Hyperliquid’s order book, allowing users to trade directly against the protocol’s liquidity providers (LPs) instead of relying on traditional order book matching. The protocol’s key features include high leverage, zero slippage, and no funding fees. Its native token PAPER has an initial supply of zero, with no pre-mining, team, or venture capital (VC) allocations. The only source of token minting is user losses or liquidations. During the initial launch phase, the token cannot be freely transferred and is primarily used for staking. Per the official timeline, full trading will begin approximately one hour after the expected HyperEVM network upgrade on October 10. The exact time will be announced via Hyperliquid’s Discord. During the opening phase, trading must be conducted through the official website frontend and whitelist relays; direct contract interactions will be opened once congestion eases. For more related reading, see: "Hyperliquid Is Getting Its Own Layer 2: Key Details You Need to Know".
3 hours ago
The US stock storage sector’s decline has widened further, with Sandisk and SK Hynix ADRs falling more than 5%.
According to market data from BIT (bit.com), losses in the U.S. stock market storage sector have widened further, with individual stocks recording the following declines: Seagate Technology (STX) fell 3.94%; Western Digital (WDC) dropped 3.05%; SanDisk (SNDK) declined 5.4%; Micron Technology (MU) fell 4.21%; and SK Hynix ADR (SKHY) decreased 5.45%.
3 hours ago
The Nasdaq's decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%.
According to BIT (bit.com) market data, the Nasdaq’s decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%. Intel and Marvell dropped over 4%, AMD and Micron declined more than 3%, and Nvidia fell nearly 2%. Earlier news: OpenAI’s annual revenue is $20 billion lower than previously reported, reaching $50 billion as of the end of September, compared to the widely cited $70 billion figure.
3 hours ago
OpenAI’s annual revenue is $20 billion lower than previously reported, with the latest figure standing at $50 billion.
Beating AI Express, according to the Financial Times, OpenAI recently disclosed to investors that its annualized revenue stood at nearly $50 billion as of the end of September, significantly lower than the $70 billion reported at the end of last month. Insiders said the discrepancy arises because investors tried to directly compare OpenAI’s annualized revenue with that of its rival Anthropic, as the two companies use different accounting standards: Anthropic includes sales revenue generated via cloud partners such as AWS and Google Cloud in its revenue, while OpenAI does not. Earlier, investors adjusted OpenAI’s revenue standard to arrive at a $40 billion figure for its August annualized revenue, then combined this with the company’s disclosed revenue growth of over 70% to investors to calculate the $70 billion number. OpenAI declined to comment.
3 hours ago
Federal Reserve Chair Walsh is scheduled to deliver a speech at the IMF Annual Meeting in Bangkok on October 16.
According to the official agenda for the International Monetary Fund (IMF) Annual Meeting in Bangkok, Federal Reserve Chair Walsh has confirmed his attendance at the event and is scheduled to deliver a public speech on October 16 local time. His trip has been formally included in the meeting’s agenda by the IMF Bangkok Annual Meeting Organizing Committee. As the head of a leading global monetary policy-making institution, Walsh’s appearance has drawn significant attention. During the conference, his speech will focus on elaborating on the current macroeconomic situation and monetary policy framework. The IMF has now released the relevant schedule in accordance with established procedures. All speaking arrangements for participating guests have been posted on the official platform, and specific details of the speeches will be subject to on-site disclosures.
Papertrade opens pre-deposits, official trading expected to launch on October 10.
Synthetic perpetual protocol Papertrade, built on HyperEVM, officially announced its pre-deposit feature is now live. Users can complete deposits and account creation within the next two days. The official noted that account creation and deposits will be significantly restricted once trading launches; depositing early helps avoid opening congestion, though there are no additional benefits for depositing during the pre-deposit period. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It fetches prices from the Best Bid/Offer (BBO) mid-price of Hyperliquid’s order book, allowing users to trade directly against the protocol’s liquidity providers (LPs) instead of relying on traditional order book matching. The protocol’s key features include high leverage, zero slippage, and no funding fees. Its native token PAPER has an initial supply of zero, with no pre-mining, team, or venture capital (VC) allocations. The only source of token minting is user losses or liquidations. During the initial launch phase, the token cannot be freely transferred and is primarily used for staking. Per the official timeline, full trading will begin approximately one hour after the expected HyperEVM network upgrade on October 10. The exact time will be announced via Hyperliquid’s Discord. During the opening phase, trading must be conducted through the official website frontend and whitelist relays; direct contract interactions will be opened once congestion eases. For more related reading, see: "Hyperliquid Is Getting Its Own Layer 2: Key Details You Need to Know".
17 minutes ago
The US stock storage sector’s decline has widened further, with Sandisk and SK Hynix ADRs falling more than 5%.
According to market data from BIT (bit.com), losses in the U.S. stock market storage sector have widened further, with individual stocks recording the following declines: Seagate Technology (STX) fell 3.94%; Western Digital (WDC) dropped 3.05%; SanDisk (SNDK) declined 5.4%; Micron Technology (MU) fell 4.21%; and SK Hynix ADR (SKHY) decreased 5.45%.
17 minutes ago
The Nasdaq's decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%.
According to BIT (bit.com) market data, the Nasdaq’s decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%. Intel and Marvell dropped over 4%, AMD and Micron declined more than 3%, and Nvidia fell nearly 2%. Earlier news: OpenAI’s annual revenue is $20 billion lower than previously reported, reaching $50 billion as of the end of September, compared to the widely cited $70 billion figure.
17 minutes ago
OpenAI’s annual revenue is $20 billion lower than previously reported, with the latest figure standing at $50 billion.
Beating AI Express, according to the Financial Times, OpenAI recently disclosed to investors that its annualized revenue stood at nearly $50 billion as of the end of September, significantly lower than the $70 billion reported at the end of last month. Insiders said the discrepancy arises because investors tried to directly compare OpenAI’s annualized revenue with that of its rival Anthropic, as the two companies use different accounting standards: Anthropic includes sales revenue generated via cloud partners such as AWS and Google Cloud in its revenue, while OpenAI does not. Earlier, investors adjusted OpenAI’s revenue standard to arrive at a $40 billion figure for its August annualized revenue, then combined this with the company’s disclosed revenue growth of over 70% to investors to calculate the $70 billion number. OpenAI declined to comment.
17 minutes ago
Federal Reserve Chair Walsh is scheduled to deliver a speech at the IMF Annual Meeting in Bangkok on October 16.
According to the official agenda for the International Monetary Fund (IMF) Annual Meeting in Bangkok, Federal Reserve Chair Walsh has confirmed his attendance at the event and is scheduled to deliver a public speech on October 16 local time. His trip has been formally included in the meeting’s agenda by the IMF Bangkok Annual Meeting Organizing Committee. As the head of a leading global monetary policy-making institution, Walsh’s appearance has drawn significant attention. During the conference, his speech will focus on elaborating on the current macroeconomic situation and monetary policy framework. The IMF has now released the relevant schedule in accordance with established procedures. All speaking arrangements for participating guests have been posted on the official platform, and specific details of the speeches will be subject to on-site disclosures.
17 minutes ago
Trump: Will not attack Iran ahead of midterm elections, US and Iran are holding productive discussions.
Trump stated, "We are holding productive discussions with the Islamic Republic of Iran. I want to make this clear to everyone: Even though Iran is in a very difficult economic and military situation, and sanctions will remain fully effective, oil is flowing through the Strait of Hormuz at record volumes—22 million barrels alone last night, none of which originated from or was bound for Iran! We will not attack Iran at any time before the U.S. midterm elections on November 3. Iran will not possess nuclear weapons!"
Whale Sells 257,928 $HYPE for $23M Profit After 26x Return in 2 Years
A whale who bought 257,928 $HYPE($902K at the time) at only $3.5 ~2 years ago is selling $HYPE for profit. Over the past week, he deposited 131,421 $HYPE ($11.77M) into #Kraken at $89.56 and still holds 140,506 $HYPE ($12.2M). Total profit: over $23M, with a 26x return.
13 minutes ago
Ghostty's developer's new terminal Rex runs 10,000 sessions simultaneously, using only 3.8GB of memory.
Beating AI Express News: Ghostty creator Mitchell Hashimoto has announced scalability tests for his new terminal, Rex. Designed for long-lived sessions and remote connections, Rex allows terminal tasks to run continuously in the background. During the test, Rex maintained 10,000 active terminal sessions simultaneously, consuming approximately 3.8GB of memory while remaining responsive. The team has paused further scaling for now, with the next target being 100,000 sessions. At the 10,000-session mark, much of the overhead no longer stemmed from the terminal itself. The first bottleneck came from Linux’s file descriptor table, the system’s record of files and connections opened by processes. After terminal sessions exceeded around 5,000, each new process added roughly 512KB of overhead for this table alone, even though only about 4 file descriptors were actually used. Rex has since added a segment of C code to shrink this allocated space to the actual required size. Another issue was threads: Previously, Rex assigned one thread per active terminal session to wait for data, leading to excessive memory overhead at scale. Now, if a terminal has no read activity for 2 consecutive seconds, it is handed over to a shared thread for unified monitoring.
13 minutes ago
Xie Jiayin: Peer Program Plans to Cumulatively Cover Over 2.2 Million People, Distribute $3.49 Million in Rewards
Crypto exchange Bitget held an offline event today to mark its 8th anniversary. Xie Jiayin, head of Bitget’s Greater China region, while reviewing the platform’s eight-year development journey, stated that Bitget has evolved from a single cryptocurrency trading platform into a panoramic exchange (UEX) covering diverse scenarios including stocks, commodities, and AI trading. As of the second quarter, non-crypto asset trading volume accounts for 40% of the platform’s total, with roughly one in four new users starting their Bitget journey via rToken. Looking ahead, Xie noted that Bitget will continue advancing its UEX strategy, expanding into more diverse assets and trading scenarios, and enhancing institutional-grade custody and over-the-counter (OTC) settlement infrastructure. The platform will leverage varied custody and settlement models to meet the distinct needs of different types of institutions, with institutional services remaining a key strategic focus for Bitget in the next phase. During the event, Bitget also disclosed progress on the third batch of rewards under its "Peer Program": total distributed rewards have reached $3,495,658, benefiting 2,277,318 users. Xie added that the platform aims to put "user first" into practice through product development, service upgrades, and user-centric initiatives.
13 minutes ago
SemiAnalysis: ByteDance accounts for nearly one-fifth of China's data center capacity, almost entirely relying on leasing.
Dongcha Beating AI News Flash: Semiconductor research firm SemiAnalysis has released a survey on China’s data centers, tracking over 1,000 facilities from more than 60 operators. The report estimates that by the end of 2026, China’s data center capacity will exceed 24GW, ranking second globally behind the U.S.’s 56GW. ByteDance alone accounts for roughly one-fifth, making it China’s largest data center tenant. ByteDance has leased over 4GW of data center capacity, with suppliers including ChinaNetCenter, China United Network Data, and 21Vianet. The report notes that as of early 2026, ByteDance still contributes around 90% of ChinaNetCenter’s revenue. ByteDance has also accelerated self-built data center projects, constructing large facilities in Shanxi, Anhui, and Inner Mongolia to reduce reliance on external suppliers. While China’s data centers have long been viewed as having high vacancy rates, AI server rooms remain in tight supply. This is because many old data centers lack sufficient power and cooling capacity, making it difficult to directly deploy high-power AI servers. Newly built large AI data centers are being leased up rapidly. Taking a 100MW data center as an example, excluding IT equipment such as servers, China’s construction cost is approximately $300 million, compared to $1.5 billion in the U.S. Facilities of the same scale in China are typically delivered in around 12 months. Compared to the U.S., which faces power supply and approval hurdles, the more prominent bottleneck for expanding AI data centers in China is the supply of advanced chips.
13 minutes ago
Mike Colyer, founder and CEO of Bitcoin mining pool operator Foundry, has stepped down after seven years in the role.
Bitcoin mining pool operator Foundry announced that its founder and CEO Mike Colyer is set to step down after seven years in the role. He will remain at Foundry as a strategic advisor for the next six months, assisting the company with its transition and CEO selection process.
13 minutes ago
Circle partners with SAP-backed Tereina to integrate USDC and EURC into SAP’s enterprise payment software.
Circle has partnered with Tereina, a financial services firm backed by SAP, to integrate USDC and EURC stablecoins into SAP’s enterprise payment software ecosystem. The integration will kick off with SAP Cloud ERP and be made available to eligible enterprise customers via SAP Pay. The collaboration aims to enable businesses to send and receive stablecoins within their existing SAP business applications and payment workflows without switching to a separate crypto asset system. USDC will be primarily used for USD-denominated payment scenarios, while EURC is intended for euro-denominated operations. Circle and Tereina plan to launch a customer validation project in the coming months, testing stablecoin payment functions for use cases including global payments and corporate treasury management.
Bitcoin broke above $87k before quickly pulling back below $84k, while Citi turned more bullish, raising its 12-month BTC target to $113k, and Solana ETF inflows slowed sharply to just $2.4 million for the week.
In terms of altcoin rotation, the week was mixed, with some mid-caps outperforming while the majors struggled to hold their momentum.
Midnight [NIGHT] – Privacy-focused blockchain reversed back to late-Q1 levels Midnight [NIGHT] has led this week’s gainers with an impressive 85% rally. In addition, it has recorded a fifth consecutive week of gains, showing consistent buying pressure and pushing NIGHT into a textbook accumulation phase near the $0.05 mark.
Now, the pertinent question is whether NIGHT is about to sell off after the substantial move higher.
Indeed, the altcoin has rallied to match the level where it closed in late Q1, which means both long-term and short-term holders will be closer to breakeven. Thus, there are likely profits to be locked in if the rally fizzles out.
However, the RSI still supports the bullish scenario.
Despite the strong rally, the indicator did not enter extremely overbought territory, meaning there is still potential for the bulls to absorb selling pressure and for the current structure to develop further.
Source: TradingView If buying pressure holds, NIGHT could move above $0.05. Whether buyers absorb selling around that level could determine its next move.
Quant [QNT] – Blockchain project pushed into overheated signals Quant [QNT] is the second weekly gainer, gaining up 50%.
However, unlike NIGHT’s bullish setup, QNT’s technical structure is becoming extremely overbought, and there is a risk of near-term selling pressure.
On a weekly chart, QNT’s RSI is already deeply penetrated into the green area, suggesting extremely overbought conditions. This follows last week’s massive 360% rally, so profit-taking is likely, given the current sideways movement around the $260 level.
The critical issue now is whether this range becomes accumulation or distribution. Bulls need to protect the $260 area; otherwise QNT could see a sharper correction. But if buyers absorb the selling and hold this range, the consolidation could set up another move toward $300.
Pump.fun [PUMP] – Memecoin launchpad reached a key inflection point Pump.fun [PUMP] scored a third place on this week’s gainers chart with a substantial 25% increase.
Most importantly, PUMP is right now very similar to NIGHT in terms of bullish structure.
Technically, RSI remains below the overbought level despite three consecutive weeks of gains, which sent PUMP back to the pre-October crash level at $0.06.
Hence, it is not aggressive accumulation that has driven the rebound but rather steady and strategic accumulation. This may give PUMP more room to grow.
If this structure holds, it would be interesting to see the price break out and go above $0.06 could trigger a FOMO-driven move toward $0.08, putting PUMP among the altcoins to watch for another round of gains.
Other notable winners Besides the majors, altcoins also had their share of winners this week.
Agoras: Tau Net [AGRS] posted the best performance with a 278% gain, followed by a 163% increase in Dolphin [POD] and a 113% gain in Hookr.fun [HOOKR].
Weekly losers Lighter [LIT] – Decentralized perpetuals exchange erased its monthly gains Lighter [LIT] was the worst performer this week, plunging by 20%.
However, this appears to be less of a pullback and more of a proper selloff. This happens after LIT’s spectacular dash to a new $5+ all-time peak, which probably triggered some profit-taking.
But regardless, this selloff has brought LIT back down to the early-August zone around $3.50, while RSI is still some distance away from the neutral point. That leaves the door open for another leg lower if the bears continue their attack.
And on the bearish side, this is also the biggest weekly correction for the altcoin so far.
Should the bears continue to rule the roost, a break below the psychological $3.50 level is a possibility.
Source: TradingView On the flip side, however, bulls defending $3.50 and absorbing the selloff pressure could herald a reset ahead of another up-move on the altcoin.
Zcash [ZEC] – Privacy-focused blockchain entered a cooldown phase Zcash [ZEC] has become the second-largest weekly loser, falling 16.7%. Unlike LIT, it retained most of its monthly gains, leaving its broader recovery structure relatively intact.
Meanwhile, the strong upside in the previous week proves that buying pressure is still present at lower prices, and the RSI is not extreme, opening the door for another wave higher. In early September, a similar pattern was the precursor to two weeks of consecutive gains, propelling ZEC to a nearly 50% rally.
Thus, it would be too rash to write ZEC off as a bearish asset at the moment.
Were this structure to hold, it could enable ZEC to bounce back from the fall this week and launch another weekly rally, with a new all-time highs scenario being possible in the near term.
DASH [DASH] – Privacy-focused cryptocurrency saw bulls stepping in DASH [DASH] was the third-largest weekly loser, declining by 12%.
However, compared to LIT and ZEC, DASH’s structure appears relatively strong. The altcoin is consolidating within a tight $55-$60 range, with the consolidation period lasting for more than a month.
Meanwhile, RSI has started to cool off, giving DASH room to resume its bullish trend. A breakout could begin if bulls defend the current range, as DASH has shown remarkable resilience amid a double-digit correction.
Moreover, if buyers continue to hold $55, DASH could eventually break out of this month-long range.
A move above $60 would allow bulls to regain control and move toward the early-Q1 levels.
Other notable losers In the broader market, downside volatility hit hard.
Anonymous Cat [ZCAT] led the losers with a 58% drop, followed by Artificial Inu [AI] falling 55%, and Bedrock [BR] slipping 52% as momentum sharply cooled.
Conclusion This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary Midnight [NIGHT], Quant [QNT], and Pump.fun [PUMP] led the week in gains.
Lighter [LIT], Zcash [ZEC], and Dash [DASH] saw significant declines.
Three tokens are standing out for the wrong reasons this week. $LIT, $ZEC, and $DASH have posted the steepest weekly losses among crypto majors, according to @BSCNews, with declines of 25%, 20%, and 17% respectively. Kaspa (KAS) and @Plasma's XPL are close behind.
LIT Takes the Hardest Hit @Lighter_xyz's native token $LIT leads the group lower. The token has continued to slide from there.
Zcash and Dash Pull Back From Recent Highs @Zcash's $ZEC has given back roughly 20% over the past seven days. Despite the pullback, the longer-term picture for Zcash remains striking:
@Dashpay's $DASH is down 17% over the same period. The current pullback appears to reflect profit-taking rather than any project-specific negative development, with broader macro conditions adding pressure across the altcoin space.
With KAS and XPL also in the red, the losses point to a broader rotation or risk-off move among mid- and large-cap altcoins this week, even as Bitcoin has held relatively steady.
Sources:
Yahoo Finance: Zcash ETF Lost Over $93 Million This Week
Coinbase: Lighter (LIT) Price and Market Data
DefiLlama: Lighter Protocol Data
According to CryptoRank data, the fourth quarter of 2026 will bring the first major token unlock after the initial cliff period for multiple crypto projects, affecting investors, teams, early supporters and other early participants, which may exert new pressure on token supply. Projected unlock values are as follows: MON at roughly $521 million, STABLE at ~$353 million, KITE at ~$119 million, LIT at ~$52 million, PIEVERSE at ~$46 million, and ALLO at ~$43 million. CryptoRank notes that Monad (MON) will see the largest unlock among these projects, valued at approximately $521 million, equivalent to 131.6% of its current market capitalization.
Relevant content
Blast has officially announced its shutdown, Upbit has placed the BLAST token on its watchlist, and BLAST has dropped more than 25%.
According to HTX market data, Layer 2 network Blast announced it will cease operations as its network revenue is insufficient to cover maintenance costs. Following the announcement, two major South Korean crypto exchanges, Upbit and Bithumb, have added BLAST to their trading watchlists. The token has fallen more than 25% overall, currently trading at $0.000294, with a market capitalization of approximately $20 million.
3 hours ago
Cryptocurrency exchange Bithumb has added BLAST to its trading attention list, as Blast announces plans to end mainnet operations.
According to an announcement from crypto exchange Bithumb, the platform added BLAST to its trading watchlist on October 3. The notice noted that since the BLAST Foundation announced plans to end mainnet operations, Bithumb deemed it necessary to further verify the sustainability of the project’s related business, actual progress, and impacts on the token’s use cases, purposes, and functions. To protect user interests, BLAST was placed on the trading watchlist. Bithumb specified that BLAST’s watchlist placement took effect on October 3, with deposits suspended at 1:30 that day. Whether BLAST will be removed from the watchlist or its trading support terminated will be announced between October 12 and 16, the third week of October.
3 hours ago
Bitwise NEAR ETF posts cumulative net inflows exceeding $50 million
NEAR Protocol announced that the newly launched Bitwise NEAR ETF has recorded cumulative net inflows exceeding $50 million, noting that institutional investors are opting for NEAR. Relevant data shows the ETF began trading on September 29, and as of September 30, its cumulative net inflows have topped $50 million.
3 hours ago
The HIP-3 auction has added two new lots: GLW and GDX, with a total payment of 1107.25 HYPE.
According to Hyperliquid HIP-3 auction information, two new assets—GLW and GDX—were added on October 1, with a total of 1107.25 HYPE paid. Details: GLW corresponds to Corning, deployed by TradeXYZ, with contract code xyz. Its auction took place at 14:41 on October 1, with a transaction fee of 545.97 HYPE. GDX corresponds to the VanEck Gold Miners ETF, also deployed by TradeXYZ, with contract code xyz:GDX, and its transaction fee amounted to 561.28 HYPE.
3 hours ago
A crypto whale’s 10x long position on WLD has generated an approximate return of 655%.
According to TradingBeats monitoring, Hyperliquid whale address 0x77ee currently holds around 10.23 million WLD long positions, with a 10x full position, an average entry price of approximately $0.35, cumulative unrealized profit of roughly $2.34 million, and a position return rate of about 655%. The address has held these WLD long positions since late May, with a holding period exceeding four months. The mark price of WLD perpetual contracts on Hyperliquid is currently reported at $0.58, up roughly 15.2% in the past 24 hours.
3 hours ago
Spot silver has fallen below the $60 threshold, currently trading at $59.916.
According to Bitget's market data, spot silver has fallen below the key psychological threshold of $60 per ounce, currently trading at $59.916, down 1.75% on the day.
Bitcoin tests resistance as Ethereum and XRP consolidate, while Quant and Lighter retreat. Key chart levels and conditional scenarios for October 2, 2026.
Asset Price Rolling 24-hour change Aggregate 24-hour volume Bitcoin (BTC) $85,551 +2.19% $34.93 billion Ethereum (ETH) $2,719.30 +0.89% $14.24 billion XRP $1.51 +0.70% $2.53 billion Quant (QNT) $250.12 −15.80% $453.03 million Lighter (LIT) $3.79 −6.39% $93.07 million Bitcoin Tests $85,520 After a Stronger Daily Close Bitcoin closed October 1 at $84,842, gaining 1.51% from the previous session’s $83,578. The daily high of $85,183 remained below the $85,210–$85,520 resistance zone identified in yesterday’s report, so the completed candle preserved the existing range.
Bitcoin’s October 1 close remained below resistance while its 20-day SMA rose to approximately $81,684. Friday’s later $85,551 quote edged above that zone. This is an intraday move; it does not establish a daily closing breakout. The distinction matters because September 30 also saw price push higher before retreating into the close.
The 20-day simple moving average rose from approximately $81,302 to $81,684. Price remains above this rising average, supporting the broader recovery from mid-September even as the shorter-term range remains unresolved.
A daily close above $85,520, followed by a successful retest, would strengthen the case for revisiting the September 21–23 highs around $87,250–$87,330. A close back inside the range would leave that upside scenario unconfirmed.
On the downside, October 1’s $83,182 low is the nearest session reference, followed by the $82,580–$82,950 support area. Losing $82,580 on a daily close would weaken the consolidation and bring the rising 20-day average into focus.
Ethereum’s MACD Improves Beneath $2,743 Resistance Ethereum ended October 1 at $2,705.30, up 0.77% from $2,684.57. Its $2,720.25 session high remained beneath the $2,737–$2,743 resistance cluster, leaving the same ceiling in place despite a firmer close.
Ethereum remains beneath $2,743; four-hour MACD shows a positive histogram at the completed-candle cutoff. Four-hour MACD, using 12, 26 and 9-period settings, offers a cautiously stronger short-term reading. The MACD line crossed above its signal on the completed candle ending October 1 at 12:00 UTC and remained above it through the chart cutoff.
At 00:00 UTC on October 2, the line stood near 2.95 and the signal near 0.78. The positive histogram widened from 1.44 to 2.17 over the latest bar. That expansion reflects improving momentum after the crossover, rather than a new crossover on the final candle. Both lines were above zero.
Price confirmation remains separate. A daily close above $2,743 would reopen the $2,787–$2,804 September highs. A subsequent fall below the reclaimed resistance would weaken that breakout scenario.
October 1’s $2,674 low provides an initial support reference. Below it, the $2,635–$2,658 area contains several recent session lows. A daily close below $2,635 would break that support structure and undercut the improving short-term momentum signal.
XRP Holds Above Its Bollinger Midpoint XRP again closed near $1.49 on October 1 after trading between approximately $1.48 and $1.51. The rounded daily feed shows little change from September 30, while Friday’s later quote of $1.51 still sat beneath the established $1.53–$1.56 resistance band.
XRP holds above its daily Bollinger midpoint, near the $1.45–$1.47 support zone. Daily Bollinger Bands, calculated with a 20-day simple moving average and two population standard deviations, place the midpoint near $1.448. The upper band stood near $1.629 and the lower band near $1.267 at the completed daily close.
XRP remains above the midpoint but has not reclaimed the recent horizontal highs. The bands provide context for the trading range; being above their midpoint alone does not confirm that another advance has started.
The midpoint now overlaps the lower edge of the $1.45–$1.47 support zone. A daily close below $1.45 would weaken this base and expose earlier trading areas near $1.41 and $1.37. The lower band is a changing volatility measure, not an automatic downside destination.
Conversely, a daily close above $1.56 would clear the nearby resistance band and support a retest of $1.61–$1.66. A return below $1.53 after such a break would weaken the recovery case. Compared with yesterday, the principal horizontal levels remain intact.
Quant Loses Yesterday’s Retracement Support Quant’s October 1 candle closed at $245.16, down 14.54% from $286.87. The session reached $305.07 before falling to $242.22, leaving the close near the day’s low and below the $261.50–$276.75 retracement area discussed yesterday.
Quant closed below the 61.8% retracement of its September 28–30 rebound. The Fibonacci anchors remain the September 28 low of $196.87 and September 30 high of $326.12. Measuring the pullback from that upward swing gives $276.75 at 38.2%, $261.50 at 50%, and $246.24 at 61.8%.
The completed daily close fell just below the 61.8% level. Friday’s $250.12 quote subsequently recovered above it, but a live reclaim does not yet reverse the daily loss of support.
Holding the $242.22 session low and closing back above $246.24 would be an initial stabilization signal. A stronger recovery would require a close above $261.50, followed by a challenge to $276.75. The former support area therefore becomes the immediate recovery test.
A daily close below $242.22 would instead leave the September 29 low of $205.52 and September 28 low of $196.87 as the next visible references. That downside scenario would weaken if QNT reclaimed and held $261.50.
Lighter Remains Near Its Recent Lows Lighter closed October 1 at $3.81, down 3.54% from $3.95. Its daily high stalled at $4.11 for a second consecutive session, while the $3.76 low remained above the September 29–30 lows of $3.65–$3.66.
Lighter consolidates above $3.65–$3.66; four-hour Wilder RSI stands at 36.17. The daily sequence shows a decline from September 24’s $5.54 high toward those lows, with repeated lower highs preceding the latest consolidation. The two sessions capped at $4.11 have not yet reversed that structure.
Four-hour RSI, calculated over 14 periods with Wilder smoothing, fell from 38.90 to 36.17 on the latest completed candle. The reading remains below the neutral 50 line, indicating subdued momentum, but above the conventional 30 oversold threshold. It does not establish a reversal signal.
A daily close above $4.11 would be the first clearer recovery confirmation. Holding that level could bring the earlier $4.32–$4.45 trading area back into view; RSI recovering above 50 would provide supporting momentum evidence.
A daily close below $3.65 would break the recent floor and invalidate the developing base. The available daily window contains no lower established swing low, so a deeper technical target is not assigned. Any recovery above $4.11 would lose credibility if price subsequently fell back below $3.95.
Is Lighter [LIT] seeing a trend reversal? The altcoin saw massive downside pressure, plummeting to a low of $3.6 after Robinhood tapped Bitstamp for eligible U.S. perpetual Futures.
Now it seems the market tension has since cooled down. The negative feud started to fade after Vlad Tenev clarified the decision to pick Bitstamp.
He posited that the decision was made because Bitstamp meets regulatory requirements for the U.S. market.
With the clarification, pessimism reduced, with X account Pinedegen noting that Lighter remains part of Robinhood’s overall vision.
The shift in market tone helped LIT get another upside footing. For that reason, LIT bounced back, reclaimed $4, and touched $4.1.
As of this writing, Lighter was trading around $4.05, up 8.4% on the daily charts. Over the same timeframe, the Spot trading volume plunged 29%, reflecting a market slowdown.
Capital flows recovering too After seeing strong capital outflows two days ago, the market behavior has shifted . For the protocol, especially USD inflows have recovered from a -$9 million drop.
Source: Defillama On the 1st of October, Lighter Xyz saw $14 million in net inflows, adding to $7 million from the previous day. With protocol inflows rising, it indicated fresh demand for the network and native token.
On top of that, more funds have flowed into Perpetuals since the latest drop to $1.2 billion. In fact, Perps’ volume jumped above $2 billion, reaching $2.4 billion.
Source: Defillama On Binance, this volume was mostly on the buy side for LIT. LIT’s perps buy volume on Binance rose to 3.08 million, outpacing sell volume at 3.05 million.
Source: Coinalyze With funds flowing once again across these two areas, it reflected a shift in investor sentiment. Previously, such demand has played a vital role in strengthening upside push.
Can the reversal hold? A look at Lighter’s structure showed that it is once again attempting another jump. For starters, the altcoin’s stochastic (Stoch) formed a bullish crossover and rose to 23.
This marked a significant reversal after falling sharply for consecutive days. At the same time, LIT flipped the 50-day EMA at $3.9. The flip signaled recovering short-term upside pressure.
Source: Tradingview To confirm this upside move, the altcoin now needs a daily close above the 20-day EMA. In doing so, it will confirm the trend reversal and clear a path for a move above $5 again.
Final Summary Lighter [LIT] bounced back from a $3.6 slip, reclaimed $4, and touched a local high of $4.1, signaling a trend reversal Lighter rebounding as demand starts to recover, following Robinhood’s clarification on the decision to pick Bitstamp.
According to monitoring by Onchain Lens, a crypto whale currently holds long positions in LIT and HYPE valued at $41 million, with an unrealized profit of roughly $9.25 million. The breakdown is as follows: 4.9 million LIT long positions, delivering an unrealized profit of $6.46 million and held for over 78 days; 200,000 HYPE long positions, generating an unrealized profit of $2.73 million and held for more than 418 days. The trader’s cumulative net profit totals $8.68 million.
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OUSD’s circulating value surpassed $470 million within two hours of its launch, with more than 90% of that total on the Tempo Chain.
Open Standard US stablecoin OUSD has launched, with its total on-chain supply reaching approximately 477.3 million tokens just two hours after launch. Its reserve assets amount to $477.3 million, resulting in a 100% reserve coverage ratio. The reserve breakdown is as follows: US Treasuries account for roughly $211.2 million (44.25%), while USD cash makes up about $266.1 million (55.75%). On the Tempo Network, OUSD has a circulating supply of 434.2 million tokens, with its cumulative transfer volume hitting $533.9 million.
5 hours ago
Goldman Sachs has pushed back its forecast for the Federal Reserve's interest rate hike from October to December.
Goldman Sachs said Wednesday’s U.S. inflation data, paired with New York Fed President John Williams’ comments yesterday, has led the firm to now view an October Federal Reserve interest rate hike as unlikely. Economists Jan Hatzius, David Mericle, and Alec Phillips noted in a research report that, based on the latest inflation data, they project fourth-quarter core PCE year-over-year growth will reach 3.0%, well below the 3.4% median forecast from FOMC participants. The bank has thus pushed back its expectation for a second rate hike to December, and believes the FOMC has a high likelihood of ultimately determining no further rate increases are needed.
5 hours ago
The yield on the 10-year U.S. Treasury note climbed to 5.29%, marking a new high since 2007.
The yield on the US 10-year Treasury note rose to 5.29%, hitting a new high since 2007.
5 hours ago
Developer of meme coin SI sold off 32% of the token’s supply, missing out on $15 million in potential profits.
Bubblemaps stated in a post that meme coin Super Inu (SI) was launched around the time former US President Donald Trump pushed to rebrand artificial intelligence as "Super Intelligence", and the token rallied rapidly after Trump publicly used the "SI" shorthand. On-chain data reveals wallet 9pkJqJ created SI, minting 20% of its total supply for itself, then acquired an additional 12% via eight other wallets, bringing its total holdings to 32% of the token’s supply. The wallet later sold all its SI for approximately $24,000; had it held onto the tokens, they would now be valued at around $15 million. The developer repurchased SI after selling prematurely, but by that point the token’s price had already surged.
5 hours ago
ENS founder denies issuing tokens on Robinhood Chain, stating that the mnemonic phrases for the relevant accounts have long been made public.
Ethereum Name Service (ENS) founder Nick Johnson has released a statement denying that he issued tokens on Robinhood. He explained that the relevant account was created for a Twitter contest, where participants needed to find the account’s mnemonic phrase from an image. The account and its mnemonic phrase have thus long been public, and are not his private account intended for token issuance.
5 hours ago
US SEC plans to relax private investment thresholds, pushing retail investors to enter the private market.
The U.S. Securities and Exchange Commission (SEC) on Wednesday unveiled a series of reform proposals aimed at expanding individual investors’ access to private markets, enabling more retail investors to gain exposure to private equity, early-stage startups and other alternative assets. One proposal would allow registered investment advisors to charge performance fees of up to 20% based on fund performance, aligning the fee structure closer to the “2% management fee + 20% performance fee” model used by some hedge funds, in a bid to attract more private fund managers to serve individual investors. SEC Chair Paul Atkins stated that the commission aims to explore ways to expand individual investors’ participation in private markets while preventing fraud and misconduct. The SEC also proposed expanding the definition of an “accredited investor” to qualify more individuals with professional credentials, including certified public accountants (CPAs) and Chartered Financial Analysts (CFAs), as eligible investors.
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.
Key Takeaways LIT hovers around $3.77 following a 4%+ decline, retreating from its September peak above $5. The asset maintains position above an upward trend line established in May despite recent weakness. Technical indicators show deterioration: RSI sits at 38.39 while MACD signals bearish momentum shift. Bitwise introduced its LIT staking ETP (BLIT) on Deutsche Börse Xetra in the previous week. Robinhood announces perpetual futures rollout for US users while maintaining existing Lighter partnerships abroad. The Lighter (LIT) token slipped beneath the $4 threshold on September 30 as traders locked in gains following the cryptocurrency’s impressive September performance.
Lighter (LIT) Price Trading commenced around $3.93 with an initial push to $4.00 before declining to an intraday low of $3.65.
At the close of the trading day, LIT was changing hands near $3.77, representing approximately a 4.2% decrease.
This correction follows a rapid appreciation earlier in September that saw LIT surge past $5.30 before encountering resistance from profit-takers.
Nevertheless, the broader chart structure continues to respect an ascending trend line that has been intact since May.
This uptrend originated around $0.80 and has consistently formed higher lows throughout the summer months.
Technical indicators signal weakening momentum LIT continues to trade above a crucial support band between $2.50 and $2.80, an area that previously served as resistance during August before September’s breakout occurred.
Source: TradingView This region may function as support once again should the ongoing correction extend further.
Looking upward, bulls must first recapture the $4 threshold, followed by the $4.50 to $5.00 range as subsequent resistance levels.
The previous peak between $5.30 and $5.50 represents the major resistance barrier on the chart moving forward.
The Relative Strength Index has declined to 38.39 after maintaining readings above 60 throughout most of September.
This positions the RSI beneath the neutral 50 threshold, although it remains distant from the oversold territory at 30.
The MACD indicator has also shifted downward, with the MACD line at approximately 0.085, crossing below the signal line at 0.253.
Corporate developments maintain spotlight on Lighter This price decline occurred shortly after Bitwise unveiled the Lighter Staking ETP on Deutsche Börse Xetra, which follows the Kaiko Lighter Reference Rate.
Robinhood Wallet currently enables qualified users to access perpetual futures trading via Lighter in designated markets excluding the United States.
Robinhood recently announced plans to introduce perpetual futures trading to qualified US customers as part of its broader active trading initiative.
Cryptocurrency analyst Axel Bitblaze commented on X that the sell-off appeared to be an excessive response to Robinhood’s announcement.
He noted that Robinhood’s US perpetual futures initiative is reportedly connected to Bitstamp, while Bitstamp currently operates EU perpetuals alongside Lighter’s distinct Wallet integration in alternative jurisdictions.
Bitblaze emphasized that Robinhood’s Wallet documentation continues to identify Lighter as the exchange facilitating those transactions, with no official confirmation of any partnership termination.
Robinhood Europe offers LIT for direct trading and publicly acknowledges a financial investment in Lighter from its Series B funding round.
LIT is currently navigating its most significant retracement since the September rally initiated, with price action maintaining support above its established long-term trend line.
Ark Invest holds direct exposure to Kalshi via three ETFs, projecting the prediction market’s annual trading volume will reach $1 trillion to $5 trillion.
Cathie Wood’s Ark Invest currently holds direct exposure to Kalshi through three of its ETFs: ARKK, ARKW, and ARKF. The firm forecasts the annual trading volume of prediction markets will reach $1 trillion to $5 trillion in the medium term. Ark Invest stated that although Kalshi remains a private company at present, it hopes to enable its investors to participate in the platform as early as possible.
5 minutes ago
Trump Meets AI Giants at White House, Signs Self-Regulation Pledge, Easing Short-Term Regulatory Pressure
12:30 PM ET yesterday, Trump held a luncheon with executives from multiple AI companies at the White House. Attendees included Jensen Huang, Elon Musk, Mark Zuckerberg, Alphabet CEO Sundar Pichai, Anthropic co-founder and CEO Dario Amodei, among others. OpenAI was represented by President Greg Brockman. Following the meeting, the White House pushed for companies to sign a voluntary responsibility commitment targeting frontier AI models, making the short-term path for U.S. AI regulation clearer. According to disclosures, the agreement will require companies to establish multi-layered security mechanisms, including internal risk monitoring during model training, independent team reviews, external assessments, and board review of relevant results. Trump stated that existing laws and the enforcement capabilities of the Department of Justice and FBI are sufficient to address some risks, and the government prefers tech companies to take on self-regulatory responsibilities first. House Speaker Mike Johnson noted that such voluntary commitments could serve as a basis for future legislation, though no clear bill text or timeline has been set. Trump also referenced the possible establishment of a roughly 10-member oversight committee, though its membership, authority, and enforcement mechanisms have not been released. For the market, the White House’s decision not to introduce model licensing, mandatory reporting, or new federal restrictions will ease short-term regulatory pressure on large tech firms and the AI infrastructure chain. However, the agreement lacks penalty clauses, unified testing standards, and audit details, and has not yet led to new government orders, subsidies, or capital expenditure plans. Going forward, investors will focus on whether companies disclose specific audit rules and whether Congress will advance this self-regulatory framework into formal legislation.
5 minutes ago
Binance will add 7 bStocks tokenized securities, including PDDB, as margin collateral assets.
According to an official announcement, Binance will add 7 bStocks tokenized securities as eligible collateral assets for Cross-Collateral Margin, Unified Account, and Unified Account Pro, effective September 30 at 20:00 (UTC+8). The newly added assets include PDD Holdings (PDDB), Forward Industries (FWDIB), SharonAI (SHAZB), Wendy's (WENB), Adobe (ADBEB), Hewlett Packard (HPEB), and Zoom (ZMB). Qualified users can use these bStocks tokens as margin collateral, and the corresponding bStocks trading pairs will support margin trading. Currently, these assets are only eligible as collateral for the three account types above and are not supported for lending at present.
5 minutes ago
OpenAI has extended ChatGPT event triggering functionality to MCP, enabling third-party apps to actively wake up the AI.
Beating AI News Flash: OpenAI launched MCP Events at its DevDay, opening ChatGPT Work’s existing event-triggering capability to third-party MCP applications. Previously, some connectors including Gmail, Slack, and GitHub already supported similar functionality, and developers can now integrate this capability into their own MCP apps. Once integrated, new messages, comments, or status changes in the application can directly trigger ChatGPT to execute preset tasks. For example, if a bug is submitted in the product feedback channel, ChatGPT can read the relevant details to prepare fix code, tests, and pull requests (PRs); when new review comments appear in documents, it can directly proceed with revisions based on those comments. The core difference between MCP Events and scheduled tasks lies in their triggering methods: scheduled tasks require periodic active checks, while MCP Events enable external applications to push events directly to ChatGPT via webhooks as changes occur.
5 minutes ago
Goldman Sachs: Persian Gulf oil exports have recovered to the average level of 2025.
Goldman Sachs estimates that oil exports from the Persian Gulf, including "under-the-table exports," have rebounded to the 2025 average level after doubling in September. Saudi Arabia led this rebound, with its exports rising above the 2025 average, while Iran did not export crude oil via sea routes in September. Analyst Eamonn Sheridan noted that Goldman Sachs' estimate further reinforces the market theme of supply recovery, the very factor that drove the sharp drop in oil prices yesterday. In a report at the end of August, Goldman Sachs stated that even if Middle East supply disruptions persist for longer, the growing "dark fleet shipping" could cap crude oil price gains, and the latest data further supports this view. The report also pointed out that if supply disruptions continue, upside potential for refined oil products and European natural gas could exceed that of crude oil, which aligns with the market's current focus on diesel supply. (Jin10)
5 minutes ago
Kalshi has filed documents with the U.S. Commodity Futures Trading Commission (CFTC), proposing to terminate its volume incentive program effective October 13.
Prediction market platform Kalshi announced the termination of its Volume Incentive Program, according to documents it filed with the U.S. Commodity Futures Trading Commission (CFTC) on September 28. The program will cease to take effect as early as October 13, 2026. Kalshi stated that the move was self-certified and filed in compliance with Section 5c(c) of the Commodity Exchange Act and CFTC Rule 40.6(a). The original program, which aimed to enhance order book liquidity and pricing efficiency through rewards, applied to all of Kalshi’s markets. No relevant rewards will be issued after the termination.
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.
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.
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.
On-chain analyst Ai Yi (@ai_9684xtpa) wrote that Bankless co-founder David Hoffman is among the standout traders in the current market cycle. Hoffman liquidated his entire ETH position in May and reallocated funds to VVV, NEAR, ZEC, HYPE, and LIT in June. To date, four of the assets he disclosed purchasing have posted sharp gains, with LIT leading at a 293% increase. Specific entry costs and current returns are as follows: NEAR: ~$1.4 entry, up ~223%; ZEC: ~$560 entry, up ~173%; HYPE: ~$45 entry, up ~106%; LIT: ~$1.35 entry, up ~293%; VVV: entry cost undisclosed. Hoffman reiterated his bullish outlook on ZEC and NEAR earlier today. He stated, “ZEC in 2026 is what ETH was in 2021,” adding that if ZEC’s narrative can convince some Bitcoin holders, its price could continue to climb. He also labeled NEAR a “new consensus anchor for smart contracts,” noting its buying pressure is likely driven primarily by retail investors, though the token is also on an upward trajectory.
Relevant content
Analyst: Bitcoin market momentum has shifted, marking the 5th time in history a bull market confirmation signal has emerged.
CryptoQuant analyst Darkfost noted in a post that Bitcoin’s Short-Term Holder (STH) cost base has confirmed crossing above that of Active Long-Term Holders (LTH), signaling a shift in market momentum, leading him to conclude that Bitcoin’s bull market has been confirmed. This marks the 5th occurrence of this signal in history, though he stressed the relevant indicator still carries a risk of misjudgment. "Active LTH" is defined as long-term held Bitcoin that has moved at least once in the past seven years, to exclude long-term dormant or non-circulating BTC. Currently, over 3.5 million BTC held for more than 10 years remain dormant, with this supply growing by an average of 8,000 to 30,000 BTC monthly. Since 2019, this indicator has only recorded one instance of negative growth, triggered by an early miner reactivating and transferring roughly 100,000 BTC—a relatively isolated event. Darkfost argues the current signal reflects positive shifts in the Bitcoin market, with ETF liquidity inflows serving as one of the driving factors.
4 minutes ago
Genius adjusts Season 2 point rules, with the unlock time of 70 million GENIUS tokens delayed to February 2028.
According to market sources, the Season 2 points campaign of on-chain trading terminal Genius, in which YZi Labs has invested, has undergone adjustments. The platform originally promised to unlock 70 million GENIUS tokens on October 25 to incentivize user trading and points accumulation, but subsequent changes were made. Previously, official documents stated that Season 2 would run from April 10 to August 10, with 1.5 million points distributed daily; recently, the platform’s page has been updated to remove the season’s stated end date, and daily points have been cut to 50,000. CoinMarketCap data shows that the unlock time for the 70 million tokens has been delayed to February 2028. Some participants are demanding that tokens be unlocked as originally scheduled, or that relevant fees from Season 2 be refunded.
4 minutes ago
Multicoin has deposited an additional $12.15 million worth of HYPE into Coinbase Prime, bringing its total deposits since July 28 to $285 million.
According to Lookonchain’s monitoring, after a one-week pause, Multicoin Capital has once again deposited 130,331 HYPE tokens into Coinbase Prime, valued at approximately $12.15 million. Since July 28, the firm has cumulatively deposited 4.23 million HYPE tokens into Coinbase Prime, with a total value of around $285 million.
4 minutes ago
Multicoin Capital deposits 130,331 $HYPE ($12.15M) to Coinbase Prime after week break
After a one-week break, #MulticoinCapital deposited another 130,331 $HYPE ($12.15M) into #CoinbasePrime. Since July 28, #MulticoinCapital has deposited a total of 4.23M $HYPE ($285M) into #CoinbasePrime.
4 minutes ago
Grayscale: SEC Innovation Exemption Will Pave the Way for Tokenized Stocks to Enter the US Regulated Financial System
Grayscale Research Head Zach Pandl wrote that the U.S. Securities and Exchange Commission (SEC)’s recent "Innovation Exemption" order is designed to bring on-chain trading of tokenized equities into the regulated U.S. financial system, shifting the market away from its current model dominated by offshore derivative-style "wrapped assets" toward tokenized securities that grant holders full voting rights and dividend entitlements. The order temporarily relaxes two key registration requirements: Eligible trading venues do not need to register as securities exchanges, and qualified liquidity providers are exempt from registering as broker-dealers. This means approved wallet addresses can trade tokenized equities using stablecoins via permissioned Uniswap liquidity pools. However, the exemption comes with multiple conditions: Relevant transactions must occur on public blockchains, participants must be pre-approved, and trading venues must publicly disclose information before commencing operations. Rules on fraud, market manipulation, anti-money laundering, counter-terrorist financing, and OFAC sanctions screening remain in effect. Additionally, the order is valid for five years and sets caps on the number of securities that can be listed and transaction volumes. U.S. SEC Chair Paul Atkins called the order a "temporary measure," noting that long-term regulatory rules still need to be developed. Grayscale argues the exemption will support the continued growth of the tokenized equities market and validate that blockchain transaction infrastructure can balance compliance requirements with investor protection. If the pilot is successful, regulatory scope may be further expanded, pushing the U.S. Congress to enact relevant bipartisan legislation.
4 minutes ago
The global bond market sell-off is spreading, pushing Japan's 10-year government bond yield to a new high since 1996.
Japan’s bond market reopened after a three-day holiday, immediately following a sell-off in US Treasuries. Japan’s 10-year government bond yield rose 10 basis points on Thursday to 3.075%, hitting its highest level since August 1996; the 5-year yield climbed around 9.5 basis points to 2.37%, while the 30-year yield rose to 4.134%. United Overseas Bank (UOB) noted that the current global bond sell-off is mainly driven by a rebound in oil prices, stronger-than-expected US PMI data, and weak demand for the $70 billion 5-year US Treasury auction. As a result, the 5-year US Treasury yield broke through 5%, and the 10-year US Treasury yield also rose to a nearly 19-year high, driving a repricing of global long-term borrowing costs. Domestic factors in Japan further amplified bond market pressure. The Bank of Japan (BOJ) raised its benchmark interest rate last Friday and hinted at possible further monetary policy tightening, though it did not specify the pace of future actions. Additionally, the Japanese government is considering raising its medium-term defense budget target to 3.5% of GDP, intensifying market concerns over fiscal expansion and rising debt financing costs. Analysts point out that Japan has long been a key anchor of the global low-interest-rate environment. As Japanese government bond yields continue to rise, carry trades relying on low-cost yen financing may face adjustments, and volatility in global asset prices could further intensify.
Bankless co-founder David Hoffman has published an article noting that the crypto market occasionally sees instances where a single asset absorbs capital flows from Bitcoin holders. In 2021, Ethereum (ETH) experienced a similar phenomenon, and in 2026, Zcash (ZEC) is mirroring that trend. Leveraging its privacy and anti-quantum narratives, ZEC has successfully drawn some Bitcoin holders to treat it as a "just in case" hedge, fueling a sharp surge in its market capitalization. The actual driver behind ZEC's rise is spillover from Bitcoin (BTC) wealth, not fresh capital. Separately, NEAR is absorbing relatively weak "smart contract buy demand" in 2026. Hoffman further argues that BTC and ETH can no longer achieve 10x growth, with more innovation being captured by new projects such as Hyperliquid and Ethena, as well as traditional finance, which could limit the overall expansion of the crypto industry. Earlier reports indicate that in early June, Hoffman fully disclosed on X the allocation of funds following his ETH liquidation: VVV (Venice AI's governance token), NEAR, ZEC, LIT, and HYPE.
Bitwise has launched the first crypto ETP tracking Lighter, giving European investors exchange traded exposure to the decentralized trading platform’s LIT token.
LIT rose nearly 5% on Wednesday to trade around $5.30, bucking a broader crypto market decline that saw Bitcoin, Ethereum, Solana and XRP move lower. The token has also staged a sharp recovery this year, climbing more than 580% since hitting an all time low near $0.78 at the end of March before beginning its rebound in early April.
The Bitwise Lighter Staking ETP began trading on Deutsche Börse Xetra under the ticker BLIT. The product tracks the Kaiko Lighter Reference Rate and carries an annual expense ratio of 0.85%.
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BLIT is fully backed by LIT tokens held in cold storage and can be purchased through a traditional brokerage account without requiring investors to manage wallets or private keys.
The product is also structured to earn staking rewards, although staking will not begin immediately. Bitwise said it will activate staking once the ETP reaches sufficient assets under management to operate efficiently. Until then, BLIT will only track the price of LIT.
Lighter is an onchain decentralized exchange focused on perpetual futures. Alongside crypto assets, the platform offers perpetual contracts tracking stocks including Apple, Amazon and Tesla, giving users price exposure outside traditional market hours.
Retail traders pay no trading fees, with Lighter instead generating revenue from professional market makers, liquidations and treasury income.
The launch expands Bitwise’s push into investment products tied to onchain trading platforms. The firm launched its Hyperliquid Staking ETP in April, providing similar exchange traded exposure to HYPE.
Bitwise said platforms such as Lighter and Hyperliquid are attracting growing investor attention as blockchain based markets increasingly combine crypto trading with exposure to traditional financial assets.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Bitwise Asset Management has launched an exchange-traded product (ETP) in Europe tracking Lighter, giving traditional investors a way to bet on one of Hyperliquid’s emerging rivals without buying its token directly.
On Wednesday, Bitwise said its Bitwise Lighter Staking ETP (BLIT) had launched on Deutsche Börse Xetra, making it the first exchange-traded product tracking LIT, the native token of decentralized derivatives platform Lighter.
The product is fully backed by LIT held in cold storage and carries a 0.85% annual expense ratio. European investors can buy the ETP through a regular brokerage account without buying or holding LIT directly.
Despite its name, BLIT isn’t generating staking rewards yet. Bitwise said staking will begin once the product reaches enough assets under management to make the process efficient. Until then, the ETP will track LIT’s price without generating staking returns.
The Lighter product follows Bitwise’s launch of a Hyperliquid staking ETP in Europe in April, as the asset manager expands its lineup to include tokens tied to some of the largest decentralized derivatives platforms.
Lighter is an Ethereum-based decentralized exchange focused on perpetual futures, using zero-knowledge proofs to verify trades while allowing users to retain control of their assets rather than depositing them with a centralized exchange. The platform also offers zero-fee trading for retail users, part of its effort to compete with established decentralized derivatives platforms such as Hyperliquid.
Lighter recorded nearly $1.8 billion in trading volume over the past 24 hours, according to CoinGecko data.
Lighter takes on the perp market leaderLighter gained a major distribution channel in July when Robinhood integrated the exchange into Robinhood Chain, its Ethereum layer-2 network. Eligible Robinhood Wallet users can trade perpetual futures through Lighter, with trades settled using Lighter smart contracts on Robinhood Chain.
Hyperliquid remains the much larger player. Unlike Lighter, which operates as an Ethereum layer-2, Hyperliquid runs on its own layer-1 blockchain. It controlled more than 61% of decentralized perpetual futures trading, according to data cited by The Motley Fool, and has continued to expand through its own partnerships.
In May, Circle announced a deal to expand USDC usage on Hyperliquid, including deeper liquidity and easier transfers of the stablecoin across blockchains. At the time, roughly $5 billion in USDC was held on Hyperliquid, according to Coinbase.
Magazine: HYPE price could suffer as Binance takes its revenue: Alice Liu
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U.S. inflation pressure heats up again, with September's composite PMI rising to 58.4, marking a new high in over five years.
S&P Global data shows that the preliminary U.S. September Composite PMI Output Index rose to 58.4, significantly higher than August’s 56.0, marking the highest level since July 2021, indicating notable expansion in both manufacturing and services sector activity. The New Orders Index climbed from 55.2 to 58.2, its highest since March 2022. Strong demand pushed backlogs of uncompleted orders to their highest level since May 2022. S&P Global noted that the order backlog signals further expansion in future output and production capacity on one hand, while on the other hand, it indicates enhanced corporate pricing power, which could intensify inflationary pressures. Price indicators also rose notably: the Corporate Input Purchasing Prices Index climbed from 59.9 to 66.4, hitting its highest since October 2022. S&P Global pointed out that supply chain delays and insufficient operational capacity are driving up corporate costs, with supplier delivery times extending to their widest level since July 2022. Following the data release, spot gold fell below $4,300, the U.S. Dollar Index broke above 101, U.S. Treasury yields rose further, and the 10-year U.S. Treasury yield returned to above 5%. The Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 3.75% to 4.00% last week, signaling potential further rate hikes in the coming months.
2 minutes ago
WTI and Brent crude oil see short-term gains, with Iranian media reporting that Iran's Foreign Minister Araghchi's contact with the US was unauthorized.
WTI and Brent crude oil futures rallied sharply in the short term. WTI crude hit $92 per barrel, up 2.82% on the day, while Brent crude broke above $98 per barrel, rising 2.76% intraday. In terms of news drivers, according to Iran’s Tasnim News Agency, Iranian Foreign Minister Al-Araghchi’s interaction with Steve Witkov, one of former US President Trump’s negotiators, was not coordinated or approved by relevant decision-making and responsible bodies including the Supreme National Security Council. Claims that the interaction was coordinated are untrue. Rezaei, secretary of Iran’s Supreme National Security Council, stated in a prior TV interview that the original plan was to once again convey Iran’s proposed seven conditions to the "intermediary". This is seen as indirectly indicating that Al-Araghchi did not receive authorization to exceed that scope and directly engage with Witkov. Accordingly, Al-Araghchi is required to explain to relevant bodies and the Iranian people over this alleged "improper" action, clarifying why he took the move in a way contrary to national interests.
2 minutes ago
HTX Research Analyst WZ: Crypto market pricing is expanding outward, with regulation and macro liquidity emerging as key variables.
During the 7th live session of HTX’s Expert Lecture Hall, WZ, an asset analyst at HTX Research, noted that while crypto trends were once explained solely by crypto-specific factors, an increasing number of variables shaping the next crypto market cycle are now emerging outside the sector—marking the start of a new pricing cycle for crypto assets. On the regulatory front, WZ pointed out that while the comprehensive Clarity Act has faced Senate voting hurdles due to factors including the need to secure bipartisan votes, ties to the Trump family’s interests, and disputes over stablecoin revenue distribution, U.S. crypto regulation has not stalled. For instance, the SEC recently released an “innovation exemption” framework, allowing eligible compliant institutions to tokenize specific stocks, accelerating the integration of traditional finance and crypto. On the macro front, WZ noted that Middle East tensions and risks of a Strait of Hormuz blockade have lifted crude oil’s “risk premium”. Rising oil prices will stoke inflation expectations, which in turn impact U.S. Treasury yields and global liquidity. When energy prices remain elevated and interest rates stay high, upside potential for risk assets like Bitcoin may be constrained. WZ also added that in this cycle, the direct inflows and outflows of ETF funds have altered the traditional capital spillover logic, making a broad-based altcoin rally unlikely. However, in the new cycle, assets with new narratives and strong consensus will still see independent upward trends.
2 minutes ago
Bonk Guy again calls for buying USELESS: Number of token holders hits a new all-time high, with short, medium and long-term trends continuing to rise.
Bonk Guy announced in a post that the number of addresses holding USELESS has hit a new all-time high. He pointed out that USELESS has maintained a recurring cyclical pattern over the past several months: outperforming the market, followed by a sharp pullback, consolidation, and then a fresh new high. Bonk Guy added that USELESS’s market capitalization has surged from a low of roughly $28 million a few months ago to approximately $318 million, with short-, medium-, and long-term cycles all exhibiting a trend of progressively rising highs and lows. He noted that this trajectory is distinct from the typical performance of meme coins, which usually peak after a rally.
2 minutes ago
Veteran meme coins saw broad declines, with MUBARAK falling more than 40% from its intraday high and WIF dropping over 11%.
According to HTX market data, the crypto market has seen a short-term pullback, with established meme coins falling broadly. Key declines: MUBARAK dropped over 19% in 24 hours, plunging more than 40% from its intraday high, with its market cap slipping to $52.37 million. BROCCOLI714 fell over 13% in 24 hours, bringing its market cap to $22 million. WIF declined more than 11% in 24 hours, hitting a $230 million market cap. TRUMP dropped over 7% in 24 hours, with its market cap now at $1.477 billion. PEPE also fell over 7% in 24 hours, reaching a $1.874 billion market cap. TST saw a 24-hour decline of over 6%, standing at a $16 million market cap.
2 minutes ago
US Secretary of State: Russia and Ukraine both interested in a limited ceasefire, US willing to facilitate energy negotiations
US Secretary of State Marco Rubio stated that both Russia and Ukraine have expressed interest in a limited ceasefire covering the food and energy sectors. He noted that the two sides have targeted energy facilities as strategic priorities in their war objectives, adding that negotiations on an energy ceasefire will be very difficult, but the US is willing to play a constructive role in advancing the relevant process. Rubio also said he discussed the Russia-Ukraine conflict and bilateral US-Russia relations with Russian Foreign Minister Sergey Lavrov, and hopes Russian President Vladimir Putin will accept the invitation to attend the G20 summit, believing this will create an opportunity for dialogue between the leaders of Russia and the US. (Jinshi)
Bitwise has launched its first exchange traded product tracking Lighter’s LIT token on Deutsche Börse Xetra, giving European investors access to the asset through conventional brokerage accounts.
Summary
Bitwise has launched its Lighter Staking ETP on Deutsche Börse Xetra, giving European investors access to LIT through regular brokerage accounts. BLIT held roughly $4.74 million in assets backed by 1.01 million LIT at launch, making its current holdings small compared with LIT’s overall market value. LIT traded around $5 on Sept. 23 after gaining close to 9% over 24 hours, though the token was already moving higher before the ETP launch. The ETP could create more demand for LIT if it attracts sustained inflows, but its current size limits the immediate effect on the token’s supply. Staking has not started and will only begin once BLIT reaches sufficient assets under management, with Bitwise yet to disclose the required threshold. According to Bitwise, the Bitwise Lighter Staking ETP began trading under the ticker BLIT on Sept. 23 and tracks the Kaiko Lighter Reference Rate. The product carries an annual total expense ratio of 0.85% and is issued by Bitwise Europe GmbH in Germany.
Bitwise Lighter ETP holds more than 1 million LIT BLIT is physically backed by LIT held in cold storage, meaning the product holds the underlying cryptocurrency instead of providing synthetic exposure to its price.
Bitwise data showed 202,594 ETP units outstanding as of Sept. 23, backed by 1.01 million LIT. Assets under management stood at approximately $4.74 million, with each ETP unit representing just under 5 LIT.
The structure allows investors to gain exposure to LIT using a regular brokerage account without directly holding the cryptocurrency or managing private keys and wallets.
LIT serves as the native token of Lighter, an Ethereum layer 2 decentralized exchange focused on perpetual futures and other onchain markets. The platform uses zero knowledge proofs to verify order matching and liquidations while processing transactions away from Ethereum before submitting proofs to the network.
Lighter has expanded beyond crypto perpetuals by offering markets tied to assets such as Apple, Amazon and Tesla shares. Users gain price exposure through perpetual contracts instead of owning the underlying stocks.
The exchange generates revenue from professional market makers, liquidations and treasury income while charging retail traders no trading fees.
Lighter has become one of the more active platforms in the decentralized perpetual futures market. During a major crypto market selloff in February, the exchange processed roughly $7.5 billion in perpetual futures volume over 24 hours, accounting for close to 9.5% of activity tracked across the sector.
Could the Bitwise ETP impact Lighter price? The launch gives LIT another potential source of demand because BLIT is backed by the underlying token, but the size of the product remains small compared with LIT’s overall market value.
Bitwise held 1.01 million LIT worth $4.74 million for BLIT as of Sept. 23. CoinGecko placed LIT’s market capitalization at roughly $1.27 billion on the same day, while trading volume stood near $84.7 million.
BLIT therefore represents a small portion of the existing LIT market at launch. Its effect on supply could become more noticeable if the ETP attracts sustained inflows that require more tokens to back newly created units.
LIT was already trading higher around the launch. CoinGecko data showed the token at roughly $5 on Sept. 23, with its value in several currency pairs up close to 9% over the previous 24 hours. LIT had closed Sept. 21 near $4.74 before moving to $5.07 on Sept. 22.
The timing means the ETP listing has arrived during an existing move in LIT, making it difficult to attribute the token’s gains solely to Bitwise’s product.
Previous developments have shown that new distribution channels can coincide with LIT price moves. When Lighter added Robinhood Chain collateral support, LIT gained roughly 15%, while the integration gave eligible Robinhood Wallet users direct access to Lighter perpetual futures.
A similar access point opened in August when Upbit added a LIT won market, allowing customers to buy the token directly against South Korea’s currency.
Supply remains another factor. LIT launched with 25% of its total supply distributed through a community airdrop. Half of the overall token supply was allocated to the ecosystem, while 26% went to the team and 24% to investors. Team and investor allocations were placed under a one year lockup followed by three years of linear vesting.
Bitwise’s current holdings are therefore small compared with the amount of LIT that could enter circulation under the token’s longer term distribution schedule.
Staking has not started for BLIT Despite its name, the Bitwise Lighter Staking ETP is not currently staking the LIT backing the product.
Bitwise said staking will begin only after BLIT reaches sufficient assets under management to make staking operations efficient. The company has not disclosed the required asset level or a date for activation.
Until then, BLIT provides exposure only to LIT’s price, while investors continue to pay the product’s 0.85% annual fee.
If staking begins, rewards earned by the ETP are expected to accrue daily and be reflected in the amount of cryptocurrency represented by each unit. Bitwise said it will announce the start of staking separately.
LIT already has staking functions within the Lighter ecosystem. Staking can provide access to the Lighter Liquidity Pool, with each staked LIT allowing users to deposit up to 10 USDC into the pool. Unstaking carries a three day lockup period.
Lighter has tied its token economics to protocol activity as well. The project launched LIT in December with plans to direct protocol revenue between ecosystem growth and token purchases depending on market conditions.
The buyback mechanism has previously coincided with price moves. LIT climbed around 16% when Lighter’s treasury began token buybacks in January, when protocol fees began flowing toward market purchases.
Bitwise expands its onchain trading products BLIT follows Bitwise’s move into investment products tracking tokens connected to decentralized perpetual futures platforms.
The asset manager launched the Bitwise Hyperliquid Staking ETP in Europe in April, giving investors exchange traded exposure to HYPE. Bitwise later introduced a U.S. Hyperliquid ETF in May.
The U.S. product recorded 16 consecutive days of inflows following its launch before posting its first daily outflow in June, showing how flows into exchange traded crypto products can change after their initial trading period. Crypto.news previously reported that the Bitwise ETF created another regulated demand channel for HYPE while exposing the token to changes in ETF flows.
Lighter and Hyperliquid have competed for activity in the decentralized perpetual futures market. Lighter recorded close to $198 billion in 30 day perpetuals volume toward the end of 2025, compared with roughly $166 billion for Hyperliquid at the time.
Bitwise Managing Director and Head of Europe Bradley Duke said the new ETP expands the firm’s European staking products into a platform bringing assets such as U.S. stocks onto blockchain infrastructure.
“As on-chain trading platforms increasingly bridge crypto and mainstream markets, we expect this kind of infrastructure to become more relevant to a broader range of investors,” Duke said.
Lighter founder and CEO Vladimir Novakovski said the platform was built to provide institutional grade perpetuals trading onchain using zero knowledge proofs for verifiable execution.
“We’re excited to bring LIT to European investors who don’t yet have a direct way into on-chain markets,” Novakovski said.
BLIT is domiciled in Germany and listed on Deutsche Börse Xetra under ISIN DE000A4AV9T5. Bitwise lists the product as a secured debt security with physical replication, no leverage and no asset lending.
