Track market-moving stories before they get noisy

At 00:39 UTC on October 8, 2026, the Solana Foundation announced that Samsung Wallet users in the United States will be able to send $USDC across borders on Solana beginning in the last week of October. The planned feature will be available across 82 million U.S. Galaxy devices at launch. A separate Sui Foundation announcement confirms that Samsung Wallet will also support $USDC on Sui.

The two network announcements describe one Samsung Wallet rollout with multiple blockchain rails. Solana says Samsung Wallet and Samsung Pay will support stablecoins on Solana. Sui says users will be able to hold and send $USDC over Sui. Coinbase separately said $USDC will be the first supported stablecoin and that the feature is powered by Coinbase. None of the three announcements names another stablecoin available at launch.

How the transfer flow works The Solana product announcement places the transfer flow inside Samsung Wallet rather than in a separate crypto application. A user starts from the same interface used for payment cards, boarding passes and IDs. Solana runs behind the interface, while integrated fiat on-ramps and off-ramps convert money to and from local currency.

That structure gives users two distinct layers to consider. Samsung Wallet is the product interface. Solana or Sui provides the network used to move $USDC. The user does not have to leave Samsung Wallet to initiate the transfer, but the announcements do not specify how Samsung will select a network when both are available or whether the sender can choose one.

The Sui implementation removes a separate blockchain requirement. Sui says its gasless stablecoin transfers let users send $USDC without holding $SUI and without paying a network fee. The network-level transfer cost is $0.00. Samsung Wallet will support $USDC at launch, while the $SUI token itself will not be supported.

Sui’s payment path combines infrastructure introduced in separate releases. Native $USDC went live on Sui in 2024, followed by Circle’s Cross-Chain Transfer Protocol integration. Gasless stablecoin transfers reached Sui mainnet in May 2026. Samsung Wallet is therefore using an existing native asset and an existing sponsored-transaction mechanism rather than introducing a wrapped version of $USDC or requiring the sender to acquire the network token first. The announcement does not say whether Samsung will expose Cross-Chain Transfer Protocol functions in the wallet.

Solana does not make the same zero-fee promise in its announcement. Its release says the wallet has integrated conversion to and from local currency, but it does not publish transfer charges, conversion spreads, destination coverage or settlement limits. Those terms will determine the delivered cost of a remittance even when the blockchain layer is hidden from the sender.

Coinbase’s official statement describes the Samsung Wallet feature as powered by Coinbase and identifies $USDC as the first supported stablecoin. The statement does not explain which account, custody or compliance functions Coinbase will provide. The Solana and Sui releases also do not describe who controls private keys inside Samsung Wallet. Users therefore have no published basis yet for comparing the product’s custody model with a self-custodial wallet or an exchange account.

What changes for users and payment operators The immediate change is distribution. Samsung says the function will sit in an application already present on Galaxy devices, and Solana puts launch availability across 82 million U.S. devices. That figure measures devices with access to the rollout, not funded accounts or completed transfers. The announcements provide no enrollment target, expected balance or transaction-volume forecast.

The networks bring different operational claims. Solana says its network has processed more than $5.25 trillion in stablecoin volume during 2026, while stablecoin supply on Solana is up nearly 20% year over year. Sui says it has processed more than $1 trillion in stablecoin transfer volume since August 2025. Those figures describe prior network activity. They do not measure Samsung Wallet usage.

For senders, the important change is the removal of several visible crypto steps. The transfer begins in Samsung Wallet, conversion is integrated, and the network runs behind the interface. On Sui, the sender does not need to obtain $SUI for gas. This reduces the number of assets and applications needed to initiate a transfer, although identity checks, funding methods and recipient eligibility are not described in the network announcements.

For payment operators, the launch creates a consumer distribution channel for $USDC without requiring a separate wallet download. It also creates integration questions. A receiving wallet or service will need to know which network carried the payment, which destinations Samsung supports and how conversion is priced. The announcements do not publish an API, recipient specification or merchant acceptance flow.

The stated use case is cross-border money movement. Sui cites more than 1.3 billion people participating in remittances worldwide and a Visa survey in which 41% of U.S. remittance users said they were likely to use stablecoins for international transfers. These are market-context figures rather than projected Samsung adoption. The rollout will provide a direct test of whether familiar wallet placement changes actual stablecoin usage.

What remains open Both network releases say the service will start in the United States and expand to additional markets. Solana makes that expansion subject to local regulatory requirements. Neither announcement gives a country list or a date for the first expansion.

The next dated milestone is the last week of October 2026, when the U.S. rollout is scheduled to begin. Before then, users and payment providers still need Samsung’s fee schedule, eligibility rules, custody terms, supported destinations, transfer limits and network-selection process. Those details will show whether the product offers one consistent transfer service across Solana and Sui or separate routes with different costs and recipient requirements.

MAJURO, Marshall Islands, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Remittix has set $0.46 as the final RTX presale price before the token’s scheduled November 24, 2026 market debut, establishing the last pricing stage in a campaign that has raised more than $32 million from over 40,000 participants.

RTX remains available at $0.23 in the current stage. The announced progression to $0.46 creates a defined presale path as Remittix advances toward its $36 million hard cap and expands real-user testing of its PayFi application.

The update comes as XRP price prediction discussions extend toward $10 and Solana’s Alpenglow upgrade supports $200 SOL forecasts. All three stories center on payments, speed and financial utility, but Remittix offers the earlier-stage entry.

Remittix Defines the Final RTX Presale Stage

The $0.46 figure is the announced final presale price, not the current RTX price. Buyers can still access the present $0.23 stage while allocation remains available, creating a visible pricing transition ahead of the November 24 launch.

Remittix has also opened PayFi access to 1,000 holders. Users can test EUR and USD routes while more currencies, assets and networks are prepared. With crypto-to-fiat and fiat-to-crypto functionality available, the final presale is supported by a product in users’ hands rather than a concept alone.

PayFi Connects a Broader Remittix Product Suite

The Remittix PayFi ecosystem aims to bridge digital assets and conventional bank settlement. Users can fund eligible payments with crypto while recipients receive fiat, offering a direct route for remittances, freelance income, supplier payments and cross-border business transfers.

The project is also building a wider financial environment around that payment layer. Remittix Markets is live with hundreds of perpetual markets and more than $50 million in processed volume. Its iOS wallet has surpassed 10,000 downloads, while the Android version is awaiting approval.

Remittix Earn is approaching release with advertised yields of up to 22% APY on eligible holdings. Together, these services create one application for several recurring user needs.

XRP and Solana Put Scale and Speed in Focus

XRP recently traded near $1.46, meaning a move to $10 would require an increase of approximately 585%. The $10 XRP price prediction represents a highly bullish scenario built around institutional payment adoption, ETF demand, stablecoin growth and greater activity across the XRP Ledger.

Solana recently traded near $118. A $200 target would imply close to 70% upside and is being supported by expectations around continued application growth and Alpenglow, the network’s planned consensus overhaul. The upgrade targets finality of roughly 150 milliseconds, down from approximately 12.8 seconds under TowerBFT.

XRP demonstrates the scale of a payment-led narrative, while Solana highlights faster infrastructure. Remittix combines both themes at the consumer layer by moving crypto value toward bank settlement.

The Final Price Path Sharpens the Launch Opportunity

Remittix now has three visible launch markers: a live $0.23 stage, an announced $0.46 final presale price and a scheduled November 24 market debut. Its 1,000-user PayFi rollout adds a product milestone to that pricing timeline.

As the project approaches its hard cap, the presale is the remaining entry before wider market access. Payments, Markets, wallet adoption and Earn give RTX multiple potential demand channels beyond one isolated use case.

About Remittix

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

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

Media contact:
[email protected]

Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e1e12132-083e-4863-90a0-8c6ac19eabb4

Remittix

Remittix Source: Remittix

TLDR: ETH fell 5.60% in 24 hours to $2,558.66, and CoinGecko data also shows a 5.86% loss over the past 7 days. Ali Charts sees $2,540 and $2,500 as ETH’s next visible downside levels after it broke below its channel. SOL must lose $114 decisively before the $110 target carries real technical weight, per Ali Charts’ view. Reclaiming $120 would weaken the bearish SOL setup, while RSI lower highs show buyers are losing control. The Ethereum price fell 5.60% in 24 hours to $2,558.66, according to CoinGecko. Over seven days, ETH has lost 5.86%. Daily trading volume stands at about $18.76 billion.

Solana trades at $115.85 on CoinGecko, down 4.14% on the day and 4.66% on the week. Analysts now ask whether ETH is leading the drop while SOL simply trails it.

Ethereum Price Breaks Below Channel Support Market analyst Ali Charts says ETH broke below its range channel first. 

The chart shows ETH near $2,574, with $2,540 and $2,500 as the next visible downside levels. A move to $2,500 would keep pressure on the broader altcoin market.

ETHEREUM LEADS, SOLANA FOLLOWS

I’m starting to wonder whether $ETH is leading the move and $SOL is simply following.

If Ethereum continues toward $2,500 after breaking out of a channel, should we expect Solana to follow with another leg lower?

The levels I’m watching for… pic.twitter.com/XWVFn31oy4

— Ali Charts (@alicharts) October 7, 2026

Trader Crypto Patel flags $2,562 as a key decision zone. A daily close below that level would shift focus to the next higher low. Patel does not plan to chase price at that point.

The trader’s accumulation zone sits between $2,053 and $1,868. Several signals overlap there: the 0.5 to 0.618 Fibonacci retracement, a fair value gap, and a bullish order block.

A fair value gap marks an area where price moved too fast for orders to fill. An order block marks where large buyers previously stepped in.

Patel would treat that zone as a long-term accumulation area only after a bullish market structure shift confirms it. Price must show buyers returning first.

Source: X Patel also watches the 0.786 Fibonacci level near $1,717 for a sharp liquidity sweep. Long-term targets of $5,000 and $10,000 remain the trader’s view, not a forecast the current data supports.

Will Solana Follow the Ethereum Price Lower? Ali Charts shows Solana near $117.25 after losing the $120 area. The first downside target is $114, followed by $110 if selling accelerates. SOL would need to lose $114 decisively to give the $110 target real weight.

The setup has an exit for bulls. Reclaiming $120 would weaken the bearish case, according to the same chart analysis.

Trader Wealthmanager sees a similar picture on the four-hour timeframe. SOL holds the lower end of its range near $117.70. The Binance chart shows a descending trendline from recent highs.

$SOL is holding the lower end of the range, but the momentum is starting to fade.

RSI continues to form lower highs while price remains mostly flat. This suggests buyers are losing strength.

A break of the range should confirm the next move. pic.twitter.com/5EthDvTMwz

— Wealthmanager (@Wealthmanager) October 7, 2026

RSI, a gauge of buying momentum, keeps forming lower highs while price stays flat. That pattern suggests buyers are losing strength. Wealthmanager says a decisive range break will confirm the next move.

The relative setup matters here. ETH has already made the sharper breakdown, while SOL still holds above its key $114 support. That gap leaves room for SOL to lag ETH and then fall harder if ETH keeps sliding. 

Solana’s 24-hour volume of $3.10 billion shows active trading around these levels.

CoinGecko now shows SOL at $115.85, already below the levels both analysts cited. It still sits above the $114 support.

Solana price on CoinGecko ETH’s reaction around $2,562 and $2,500 may set the tone for SOL. A clean loss of $114 would put $110 in play. These remain analyst views, not guarantees.

Solana is increasingly gaining traction as it continues to witness steady growth across the crypto and DeFi ecosystem.

With its fast-expanding utility, Solana has recorded a sharp increase in new addresses. As such, the network has seen stronger user growth despite a modest rise in its price last month.

Solana outpaces Ethereum in user growthEarlier today, Santiment shared data  revealing that network adoption on Solana has outpaced the growth seen on Ethereum and Chainlink.

HOT Stories

According to the data, new addresses on Solana have surged by 33% since September 1 to date, while SOL recorded a price gain of 20% at the time.

With such rapid growth in its wallet activity, it appears that new users have been entering the Solana ecosystem at a faster pace since last month.

You Might Also Like

Nonetheless, the case was different for Ethereum, as the leading blockchain network did not record any notable surge in adoption over the period.

Unlike Solana, Ethereum saw its number of new addresses remain largely flat even as ETH gained about 11% over the same period.

Solana Versus ChainlinkWhen compared with Chainlink's performance, the growth in Solana's wallet activity marks a complete divergence, as both Chainlink and Ethereum did not witness any notable increase in their wallet activity.

Over the period, Chainlink's price surged from $11.22 on September 1 to $13.96 on October 6.

While this marked a gain of about 24% in LINK's price, there was no corresponding growth in its wallet activity, as the number of new addresses on Chainlink only increased by less than 2% over the period.

Analysis

The world's largest ERP platform now treats USDC and EURC as native payment types alongside ACH, EFT, and wire – positioning SAP Pay as the fifth institutional settlement rail.

Institutional stablecoin adoption has long been a scavenger hunt for viable infrastructure, a series of bypasses built around the legacy banking system. We have seen the plumbing emerge in fits and starts: SoFiUSD on Mastercard, Visa’s $20 billion annualized stablecoin settlement, Stripe’s $1.2 billion in September card volume, and the atomic precision of Solana DvP. These are impressive, yet peripheral. The landscape shifted on October 6, 2026, at SAP Connect in Las Vegas, when the company unveiled SAP Pay. It is not a crypto-native startup or a specialized payment processor; it is the ERP layer itself, the software that effectively runs 84% of global commerce according to the SAP corporate announcement. By becoming the fifth rail in the institutional settlement thesis, SAP has effectively brought the blockchain into the boardroom.

Functionally, SAP Pay acts as an accounting upgrade embedded directly into SAP Cloud ERP, which serves over 400,000 enterprise customers worldwide. The mechanism is straightforward: the platform treats stablecoins as just another payment type, sitting alongside ACH, EFT, wire, and checks. It handles 89 global payment corridors and supports over 40 currencies, abstracting away the need for per-country bank setups. Multinational corporations already using SAP to track inventory and manage ledgers can now settle invoices in USDC or EURC without ever leaving the interface they use to manage their supply chain.

Behind the scenes, the heavy lifting is handled by Tereina, an SAP-backed company acting as the bridge between the ERP and the blockchain. On October 7, 2026, Tereina and Circle announced a partnership to integrate USDC and EURC into this infrastructure. By leveraging Circle’s Arc blockchain as the preferred network for eligible enterprise transactions, Tereina provides the connectivity that allows stablecoins to flow through the existing SAP ecosystem. As Circle CEO Jeremy Allaire noted, stablecoins are becoming a core infrastructure layer for global commerce, and this integration is a step toward making internet-native money a standard feature of everyday business operations.

Integration into the ERP represents the institutional thesis reaching its logical conclusion. We are moving past the era where stablecoins were merely a tool for crypto-native traders or a niche experiment for cross-border remittances. By embedding settlement into the ERP, we are witnessing the transition of stablecoins into the enterprise stack. As Tereina CEO Cedric Bru put it, the future of financial services is agentic, embedded, and digital. This partnership allows businesses to move into that future without the friction of changing their underlying operational workflows. It is a quiet, structural shift that makes stablecoin adoption a matter of configuration rather than a radical overhaul of treasury management.

Regulatory timing appears deliberate. With the Federal Reserve’s GENIUS Act NPRMs set for an effective date of January 18, 2027, the environment is finally providing the guardrails necessary for large-scale enterprise participation. SAP Pay is positioning itself to be the compliant, native solution for firms navigating this new regulatory reality. While Tereina claims that this infrastructure can lead to up to a 25% reduction in payment costs, it is worth noting that this is a vendor claim and remains unverified in a live, large-scale production environment. The current reality is more measured: the platform is available initially in the US and UK, with joint proof-of-value programs planned for the coming months.

Automation remains a core component of the roadmap. SAP has announced Joule AI agents capable of executing payments autonomously. When you combine the ERP’s reach with the speed of stablecoin settlement and the decision-making capability of AI, you arrive at a system where liquidity management becomes a background process. The AI agent does not just record the invoice; it settles it the moment the conditions are met, optimizing for cost and speed across those 89 corridors. It is a vision of agentic finance that relies on the ERP as the source of truth.

Caution is warranted regarding the timeline. We must not mistake the announcement for a mass rollout; we are currently in the proof-of-value phase. Enterprises are notoriously slow to change their core financial infrastructure, and SAP Pay is not a crypto exchange or a speculative platform; it is a conservative, high-stakes software environment. The success of this fifth rail will depend on whether the promised efficiency gains hold up under the scrutiny of corporate treasurers who prioritize stability and compliance above all else. The infrastructure is now in place, but the migration of global commerce onto these rails will be a slow, deliberate process.

Ultimately, SAP Pay signals that the stablecoin debate has moved from if to where. When the world’s largest ERP platform adds native stablecoin support, the question is no longer about the viability of the technology, but about the integration of the stack. By turning the ERP into a settlement rail, SAP has effectively brought the blockchain into the boardroom. The fifth rail is not just another way to move money; it is the way the enterprise will eventually manage its digital life.

Ethoswarm Nolan Pratt works for Forkast.
Minds can also work for you.

Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.

Awaken your mind →

Ethereum (ETH) experienced a sharp decline over the past 24 hours, falling 5.6% to $2,558.66, according to CoinGecko. The cryptocurrency’s seven-day losses reached 5.86%, with daily trading volume standing at approximately $18.76 billion.

Analysts watch key ETH support levelsMarket analyst Ali Charts noted that ETH broke below its established price channel, positioning $2,540 and $2,500 as the next key support zones. A further slide to $2,500 could increase downward pressure across altcoins.

Ali Charts questioned whether ETH is leading the current market correction, with major projects like Solana potentially tracking its moves. He highlighted the importance of the $2,500 level if ETH’s weakness continues.

ETH broke below its channel support first, putting $2,540 and $2,500 as visible downside levels. Whether Solana follows ETH’s move lower depends largely on whether Ethereum can hold above these new support zones.

Trader Crypto Patel identified $2,562 as a decision point for ETH. If the daily close falls below this level, Patel does not plan to enter new positions and will monitor the next higher low. The trader has outlined an accumulation zone between $2,053 and $1,868, where several technical indicators—such as the 0.5 to 0.618 Fibonacci retracement, a fair value gap, and a bullish order block—overlap.

The fair value gap indicates an area where price changed too rapidly for buy and sell orders to fill, while an order block marks a region where substantial institutional buying previously occured.

Patel emphasized that he would consider accumulation only after confirmation of a bullish market structure shift at those levels, indicating a clear return of buyer interest. The trader also watches the 0.786 Fibonacci level near $1,717 for potential sharp liquidity moves, but maintains that long-term upside targets of $5,000 and $10,000 remain speculative rather than supported by current data.

Mini dictionary: Fair value gap – A price region on the chart where the asset moved rapidly, leaving little buy or sell orders behind, often seen as an area to watch for possible price reversals.

Solana maintains support amid market weaknessSolana (SOL) traded at $115.85, down 4.14% on the day and 4.66% for the week, with a daily volume of $3.10 billion. According to CoinGecko, SOL remains above the first support level at $114 after briefly losing traction at the $120 area.

Ali Charts pointed to $114 as the initial downside target for Solana in the case of continued selling. Should SOL lose $114 decisively, the analyst pointed to $110 as the next area at risk. However, a recovery and close above $120 could weaken the bearish setup for SOL.

Trader Wealthmanager analyzed Solana on a lower-timeframe basis, noting that while SOL holds the lower end of its trading range near $117.70, momentum has faded. A descending trendline on Binance’s charts from recent highs signaled weakness among buyers.

As RSI continues to form lower highs while price remains steady, buyers appear to be losing control. A break out of the current range will likely determine the next major direction for $SOL, according to the trader’s four-hour chart analysis.

The relative setup between ETH and SOL stands out. While ETH has recorded a sharper breakdown, SOL continues to hold just above key support. Analysts suggested that if ETH continues to fall past $2,562 and $2,500, SOL could lag and then see accelerated losses should $114 fail.

Solana’s substantial 24-hour trading volume and its position just above major technical support keep the focus on its short-term price action. Current analyst levels are guideposts, rather than predictions.

CryptocurrencyPrice24h Change7d ChangeKey SupportsEthereum (ETH)$2,558.66-5.6%-5.86%$2,540 / $2,500Solana (SOL)$115.85-4.14%-4.66%$114 / $110

In an unfortunate turn of events, Dominion Market, the Solana-based issuer behind the tokenized silver token $SILV, has ceased operations following the September 11 exploit that severely damaged the project's liquidity, working capital, and market structure.

In its announcement, Dominion stated that it “committed the majority of our remaining liquid resources to the pre-hack holder refund program”. That left the project without enough capital to restore liquidity, rebuild the market, and continue operating at the standard the team considered necessary.

The company's website now carries an archived closure record stating that Dominion has ceased operations and that the September exploit made continued operation economically unsustainable.

Dominion launched $SILV on Solana on August 13, expanding the network's tokenized commodity market beyond gold and into physical silver.

The September Exploit Changed Everything The protocol suffered an exploit on September 11. Dominion later said a malware and social engineering campaign involving individuals posing as investors likely caused the breach. The attackers compromised several Dominion and personal wallets, accessed the project's multisig, and dumped more than 42,000 $SILV worth approximately $2.75 million into a thin liquidity market.

The dump pushed $SILV down more than 70%, with the token falling as low as $0.40 while the underlying silver traded near $64 per ounce.

The exploit also triggered lending liquidations and broader trading disruption. In response, Dominion temporarily froze $SILV acquired after 01:00 UTC on September 11 and later returned those tokens to their previous holders.

The move created another problem. Dominion said circulating $SILV rose from roughly $600,000 before the exploit to about $6 million after the token returns, making a return to the peg much harder.

Dominion Tried to Save the Project Dominion initially said it remained committed to restoring $SILV's 1:1 silver peg and finding a long-term recovery plan.

On September 18, the team said it was working with partners, platforms, advisers, and potential investors. It identified 3 priorities: maximizing recoveries for affected holders, restoring the $SILV peg, and building a viable path forward. That effort ultimately failed.

On September 28, Dominion opened refunds for eligible users who held $SILV before the exploit and continued holding it afterward. The program offered $63 per $SILV in $USDC, with claims closing on October 5.

Liquidity Providers Got Left Behind? The refund structure has drawn criticism from parts of the $SILV community, particularly liquidity providers. Some users said they held $SILV through liquidity pools on platforms such as Meteora and Orca before the exploit but did not qualify for the refund program.

One community member argued that liquidity providers supplied much of the liquidity that hackers ultimately drained, while another said they had provided SILV-USDC liquidity on Orca for weeks before the exploit but found their wallet ineligible.

Other users questioned why Dominion could not sell the underlying silver to restore $SILV's peg.

Those complaints added another layer to the fallout because users who supplied liquidity after the crash to help stabilize the market also say they suffered additional losses when Dominion ultimately closed.

What Happened to the Silver? Dominion's reserve documents provide important context for the questions surrounding the silver backing. A bullion weightlist dated July 28, 2026 lists 150 silver bars containing 150,000 fine troy ounces. The document identifies Dominion Market LLC as the allocated party and Dominion Market Reserve LLC as the designated SPV. It describes the metal as allocated and segregated for the Dominion SILV reserve program.

The same document links the reserve to a Silver Lease Agreement dated June 25, 2026.

However, the reserve structure raises a different question from whether silver existed. Dominion’s Terms of Service state that holding $SILV did not grant legal title to a specific silver bar or ounce. Instead, holders received exposure to silver's price. The reserve documentation also referenced a silver lease rather than outright ownership by Dominion.

That distinction may help explain why Dominion could not liquidate the silver and use the proceeds to restore $SILV's peg.

Dominion Leaves $SILV Behind With Dominion winding down operations, the protocol has ended minting, redemption, and product support for $SILV. The company’s website also points to a final wind-down and transparency notice, along with supporting onchain transaction links, which it has not yet published.

In the closure announcement, the team said it still believes silver belongs onchain, real-world assets will increasingly move onchain, and that Solana can become a major home for tokenized commodities and financial assets. For Dominion itself, however, that experiment has ended.

Read More on SolanaFloor $ORCA Up 84% As DAO Weighs Up Potential Credit Market Acquisition
Meteora To Launch DLMM Pro With Dynamic Fees, NFT LP Positions and 10x Lower Costs

Bitwise CIO Matt Hougan On What To Expect From Crypto In 2027

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.

This site is protected by reCAPTCHA.

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.

This site is protected by reCAPTCHA.

The $99.8 million ETH long position held by "Ma Ji" is nearing liquidation, at a liquidation price of $2501.38.

According to Lookonchain monitoring, amid the market downturn, the 39,025 ETH long positions (valued at approximately $99.8 million) held by the address of prominent crypto investor "Big Brother Ma Ji" (Huang Licheng) are nearing liquidation, with a liquidation price of $2501.38.

4 minutes ago

US Senator Questions Bessent, Demands Explanation for Treasury's 'Unprecedented Intervention' in US Treasury Market

U.S. Democratic Senator Elizabeth Warren has submitted a series of inquiries to Treasury Secretary Scott Bessent regarding the U.S. Treasury Department’s recent "unprecedented and chaotic" interventions in the U.S. Treasury market. Warren asked Bessent to clarify how the Treasury plans to fund Treasury repurchases by reducing its cash balance, and what measures it will take to lower long-term U.S. Treasury yields. She also questioned whether the Treasury has evaluated the impact of rising long-term U.S. Treasury yields on consumer borrowing costs, including auto loan and mortgage rates.

4 minutes ago

Machi's $99.8M ETH Long Position Nears Liquidation as Market Drops

As the market drops, Machi(@machibigbrother)'s 39,025 $ETH ($99.8M) long is close to liquidation, with a liquidation price of $2,501.38.

4 minutes ago

Bitcoin ETFs see $105.43M inflow while Ethereum ETFs face $193.41M outflow

Oct 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,268 $BTC(+$105.43M)?? 7D NetFlow: +1,714 $BTC(+$142.56M)?? #Ethereum ETFs: 1D NetFlow: -75,628 $ETH(-$193.41M)?? 7D NetFlow: -149,200 $ETH(-$381.56M)??

4 minutes ago

Bitcoin falls below $83,000.

According to HTX market data, Bitcoin has fallen below $83,000, with a 4.02% decline over the past 24 hours.

4 minutes ago

US stocks opened with optical communication and Neocloud concept stocks leading the declines, with ALAB falling over 6%.

According to BIT (bit.com) market data, as US stock markets opened, optical communication concept stocks led the declines. Astera Labs (ALAB) fell 6.46%, Applied Optoelectronics (AAOI) dropped 5.77%, Coherent (COHR) down 4.98%, Nokia (NOK) down 4.06%, and Credo (CRDO) down 3.97%. Neocloud stocks all trended lower: Hut 8 (HUT) fell 4.99%, Galaxy Digital (GLXY) down 4.94%, Nebius (NBIS) down 4.64%, TeraWulf (WULF) down 4.48%, Applied Digital (APLD) down 4.34%, and CoreWeave (CRWV) down 2.88%. Most semiconductor stocks declined: Lam Research (LRCX) down 2.99%, Arm (ARM) down 2.63%, Marvell Technology (MRVL) down 1.99%, and AMD down 1.16%. All storage stocks fell: SK Hynix (SKHY) down 2.60%, Western Digital (WDC) down 2.32%, Micron Technology (MU) down 2.04%, and Seagate Technology (STX) down 1.46%.

4 minutes ago

TLDR SOL is currently trading around $121, maintaining support above its 20, 50, 100 and 200-day exponential moving averages. Both daily and weekly timeframes identify $125 as critical resistance that could determine the next directional move. Chaikin Money Flow on the daily chart registers 0.23, indicating consistent accumulation. Total value locked in Solana’s DeFi ecosystem increased from approximately $5.6 billion to $6.7 billion during the September-October period. Derivatives open interest has surged past $7 billion, with significant liquidation zones concentrated around $115 and $125. Solana was changing hands at $121.44 as of Oct. 6, registering a modest 0.55% gain in the preceding 24-hour period. The digital asset has been range-bound for multiple trading sessions following a strong rebound in September.

Solana (SOL) Price Daily price action saw SOL reach an intraday peak of $122 before pulling back to a low of $118.88. This tight corridor has persisted for several days, with the late-September high establishing the immediate price ceiling.

From current levels, SOL remains approximately 3.5% beneath the $125 threshold highlighted on weekly charts. Reaching $150 would necessitate a rally of roughly 24% from present valuations.

Daily technical indicators show SOL maintaining a position above its 20-day EMA at $116.39 and 50-day EMA at $106.76. The longer-term 100-day and 200-day EMAs are positioned further below at $97.77 and $96.60 respectively.

Weekly Chart Highlights $125 as Critical Decision Point Analysis of the weekly TradingView chart identifies $125 as the primary pivot point according to the Murrey Math indicator. SOL was quoted at $120.77 on the weekly timeframe, hovering just beneath this crucial level.

The subsequent Murrey Math resistance is located at $156.25, representing the upper boundary of the established trading channel. On the downside, the corresponding support floor stands at $93.75.

The weekly Average Directional Index registered 30.21. This metric quantifies trend intensity rather than trajectory, providing no inherent bullish or bearish signal for October.

Market analyst Wealthmanager observed on X that SOL appears to be forming a contracting triangle pattern, characterized by descending highs and ascending lows compressing the trading range. The analyst noted that while no breakout has materialized, the setup suggests a significant move may be approaching.

$SOL is forming a tight triangle.

Price is making lower highs and higher lows as the range gets smaller.

No breakout yet. The next move could be close. pic.twitter.com/7akdUNGIXl

— Wealthmanager (@Wealthmanager) October 6, 2026

DeFi Metrics and Derivatives Interest Show Sustained Growth DeFiLlama statistics reveal that total value locked across Solana’s DeFi protocols expanded from approximately $5.6 billion in early September to roughly $6.7 billion by early October. Decentralized exchange volumes and active wallet counts remained robust throughout this interval.

According to CoinGlass tracking, Solana’s aggregate open interest in derivatives markets has pushed above the $7 billion threshold during this timeframe. Both long and short positions have experienced liquidations as SOL fluctuates near the $121 mark.

The one-month liquidation heatmap from CoinGlass reveals concentration zones between $115 and $116 beneath current pricing. Additional liquidation bands are visible near $112 and within the $104 to $105 range.

Source: Coinglass On the upside, the heatmap displays notable clusters between $123 and $125, with further accumulation near $126 to $127. These zones align closely with the weekly $125 pivot level.

The daily Supertrend indicator continues to flash green at $107.22, sitting approximately 11.3% below current market price. SOL has maintained its position above this dynamic support throughout recent consolidation.

Technical charts mark $113.05 as the primary support threshold on daily timeframes. A breakdown below this level could redirect attention toward the lower exponential moving averages.

Network performance metrics have also shown improvement. The Solana Foundation disclosed that mainnet slot times achieved 250 milliseconds on Sep. 18, with a planned reduction to 200 milliseconds targeted for epoch 1052.

FNB Brings Crypto to Nearly 9 Million CustomersFirst National Bank (FNB), the retail banking arm of South Africa's second-largest banking group by assets, has launched a crypto investing service for its customers. The bank built the service in partnership with VALR,

A Walled Garden Approach to Compliance

Sources:
TechCentral: FNB launches crypto trading
Crypto.news: FNB lets South Africans buy Bitcoin, crypto from R10
FNB Official Release via Novus Press Bulletin: FNB expands its alternative investments solutions by introducing crypto assets

Is “institutional settlement, not adoption” becoming Solana’s next growth catalyst?

Institutional adoption is evolving beyond ETF flows, with on-chain infrastructure becoming an integral pillar of the TradFi narrative. In other words, fundamentals are starting to matter more as major financial players explore blockchain-based settlement.

With Solana and JPMorgan’s reported partnership, the L1 could be looking to position itself as one of the first networks onboarding TradFi into the world of on-chain markets.

As the post below demonstrates, the Solana foundation has just launched Solana DvP.

But the key here is “institutional settlement”, and unlike ETF flows or strategic accumulation, it’s a much deeper layer of institutional adoption, where institutions are actually “using” the blockchain to settle transactions.

Source: X As the Solana Foundation explains, institutions that have settled on-chain have typically used custom smart contracts for their transactions. The traditional settlement process can take up to one or two days to tie up capital.

With Solana DvP, both sides of a trade are executed in one transaction, so they either both settle, or they don’t, with settlement finality in seconds.

This is different from institutions getting exposure to SOL through ETFs or accumulation.

According to AMBCrypto, if Solana DvP takes off, the bigger story would be institutions using the network to move and settle assets. It would change the paradigm of what institutions are using the Solana network for, from owning Solana [SOL] to using Solana as an infrastructure layer.

Solana’s institutional story is moving on-chain A whale opening a $20 million SOL long after the launch suggests that it is more than just a speculative bet.

The market’s reaction to the news has been quick, with JPMorgan, a roughly $880 billion financial giant, playing a critical role in the design of the system. That itself is a strong signal that TradFi interest in blockchain is shifting from just investing in crypto to using the infrastructure.

At the same time, Circle is continuing to mint USDC on Solana, with another $750 million recently minted.

According to AMBCrypto, this is where Solana’s liquidity shift and the DvP launch start to connect.

Is Solana’s liquidity moving beyond memecoins? As the chart below shows, in Q1 2025, memecoins drove nearly $260 billion in quarterly spot volume. Now, that’s down to around $57 billion.

On the other hand, the tokenized-asset spot volume grew from only $33 million to $8 billion, marking a 242x increase.

Source: Blockworks In short, Solana is seeing its activity shift from memecoin speculation to more utility-oriented markets.

Against this backdrop, the DvP launch could be much more relevant for Solana’s emerging institutional use case. With tokenized assets already on-chain, DvP could enhance this setting by improving transaction finality and overall network efficiency.

Thus, Solana’s institutional adoption is entering a phase of real-world application, diverging and setting up a different type of SOL institutional cycle, one which is driven by actual network utilization and liquidity.

Final Summary

TLDR First National Bank launched Crypto Investing on October 6 for nearly 9 million retail customers. Customers can trade Bitcoin, Ethereum, XRP, Solana and USDT from R10, 24 hours a day. The service runs through FNB’s existing share-trading platform in partnership with South African exchange VALR. Crypto cannot be moved into or out of the platform because of security, compliance and exchange-control rules. FNB plans to add more assets and educational content but has not given a timeline. South Africa’s First National Bank has launched a crypto trading service for nearly 9 million retail customers. The service, called Crypto Investing, went live on October 6.

Customers can buy, sell and trade selected cryptocurrencies through the bank’s existing share-trading platform. They do not need to open a separate account with a crypto exchange.

The service supports five digital assets at launch. These are Bitcoin, Ethereum, XRP, Solana and USDT, a stablecoin issued by Tether that is pegged to the US dollar.

Trades start from as little as R10, or 10 South African rand. Trading is available 24 hours a day, seven days a week.

Customers can access crypto through FNB’s Share Saver, Share Builder, Share Investor and Share Zero products. Purchases are funded directly from their FNB accounts.

JUST IN: 🇿🇦 South Africa's First National Bank launches crypto trading for nearly 9 million customers.

The following cryptocurrencies can now be traded:

• XRP
• USDT
• Solana
• Bitcoin
• Ethereum

— Watcher.Guru (@WatcherGuru) October 6, 2026

Crypto Stays Inside FNB The service works differently from a typical crypto exchange. Customers cannot withdraw their crypto to an outside wallet or send it to another exchange.

They also cannot bring crypto they already own on another platform into the FNB service. The bank said the service is ring-fenced within its own system.

FNB cited security, compliance and South African exchange-control rules as reasons for this setup. As a result, the service offers market exposure but not the control that comes with a self-custody wallet.

Customers can buy and sell the supported assets as an investment. However, they cannot use them directly on blockchain networks.

VALR Provides the Trading Technology FNB partnered with VALR, a South African crypto exchange, to power the service. VALR was founded in 2018 and is based in Johannesburg.

VALR says it serves more than one million users and nearly 1,000 corporate and institutional clients. It holds South African Financial Services Provider licenses and is registered as an accountable institution with the Financial Intelligence Centre.

The deal lets FNB add crypto to its platform without sending customers to a separate exchange. It also gives VALR access to a large banking customer base.

Bheki Mkhize, CEO of FNB Wealth and Asset Management, said the bank had seen rising customer interest in crypto. “Clients require a trusted platform, which FNB provides,” he said. “This gives them access to alternative assets to help diversify their investments.”

FNB joins other South African banks moving into digital assets. Discovery Bank previously partnered with Luno, letting customers buy, hold and sell crypto through linked Luno accounts.

Absa has partnered with Ripple on institutional digital-asset custody. Nedbank has been working with Crypto.com on blockchain-based payment, settlement and liquidity solutions.

FNB’s service is focused on retail investors. It brings crypto into a banking and investment platform that customers already use.

The bank said it plans to add more crypto assets and educational content over time. It has not said which assets will be added or when they will become available.

As of October 7, 2026, FNB customers can trade five cryptocurrencies from R10 through the platform. Crypto still cannot be transferred into or out of the service.

Joseph Chee, CEO and Chairman of Solana Company (NASDAQ:HSDT), said on Tuesday that China is “very closely” monitoring cryptocurrency and blockchains, while continuing to have reservations about how the technology is used.

China Can’t Ignore Crypto, Says CheeDuring an interview with CNBC, Chee said that there are Chinese think tanks, academics and other groups who are familiar with the technology.

Chee, formerly head of UBS Asia investment banking and with extensive experience in China, said officials are still “very worried” about ordinary people getting exploited by the new technology.

“But they know that’s not the technology they can ignore,” he added.

Chee said China is using Hong Kong as a testing ground for how cryptocurrency-related systems might be implemented and managed.

Notably, Hong Kong is a growing hub for digital asset innovation, wealth and talent, ranking as one of the world’s most cryptocurrency-friendly cities

Crypto Education Key for Wider AdoptionChee said China should prioritise education first, so that those responsible for managing cryptocurrency fully “understand how to manage” the technology before any wider rollout.

He said that China could continue restricting cryptocurrency trading and stablecoin issuance on the mainland, while allowing blockchain tools to support business and government operations.

Read Next

Will China Really Open Up?Beijing issued multiple restrictions between 2013 and 2021 that ultimately banned all cryptocurrency transactions and mining. China’s central bank formally declared all digital-asset trading illegal in September 2021, and providing such services to Chinese citizens from abroad is also prohibited.

The central bank reaffirmed the enforcement last year, voicing specific worries about dollar-pegged stablecoins. Instead. Instead, China has focused on advancing its central bank digital currency, the Digital Yuan.

Interestingly, President Donald Trump has consistently used China as a justification for advancing pro-cryptocurrency policies in the U.S.

Read Next

Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Solana’s order books are noticeably thinner than they were a year ago. According to a CoinGecko Research report published on September 30, 2026, the median market depth for SOL fell from about $28 million per side in 2025 to roughly $20 million per side in 2026.

That works out to a decline of over 28.5%. For a network that markets itself on speed and scale, the trading pipes around its native token have gotten a bit narrower.

What CoinGecko measured Market depth measures how much buy and sell interest sits in an order book close to the current price. CoinGecko tracked the amount resting within ±2% of SOL’s price, on both the bid and ask side.

The study covered eight centralized exchanges. Data ran from July 6 to September 3, 2026.

Across that window, median depth landed at about $20 million per side. In 2025, the comparable figure was approximately $28 million.

The daily medians also hide some rougher moments. During price breaks in the study period, depth on most platforms often sank to the $3 million to $4 million range.

Advertisement

MEXC tops the leaderboard, with caveats MEXC led SOL liquidity at the immediate market price, with around $934,000 available. That put it ahead of Binance and Coinbase.

The picture shifted further out in the order book. Bitget and Coinbase showed stronger depth in the wider range beyond ±$0.20 from the price.

MEXC’s strength was not limited to Solana. The report found it also led Dogecoin market-price depth, with more than $443,000.

Shallower, but more evenly spread Even as total depth declined, SOL liquidity in 2026 was distributed more evenly across exchanges than before. No single venue dominates the way it might have previously.

The market backdrop The study period was far from calm. CoinGecko’s research points to substantial market stress, including sharp price swings and shifting exchange-traded fund flows.

SOL briefly climbed above $100 on August 25, a move the research ties to notable ETF inflows.

Solana’s experience also diverged from the market’s largest asset. Bitcoin saw depth gains of nearly 50% over the comparable comparison, according to the research. Ethereum, meanwhile, showed similarly thinner relative depth.

What this means for traders and the Solana ecosystem With median depth down to about $20 million per side, large orders are more likely to move SOL’s price than they were in 2025. The research suggests this could encourage more conservative strategies.

The episodes where depth fell to $3 million to $4 million deserve particular attention. Thin books during price breaks can amplify moves in both directions, turning ordinary selling into sharper drops and modest buying into outsized rallies.

For exchanges, the report is something of a scorecard. MEXC’s lead at the market price, combined with its Dogecoin numbers, gives it a talking point against larger rivals. Bitget and Coinbase can point to their deeper books further from the price.

ETF inflows helped push SOL above $100, yet centralized exchange depth still shrank by more than a quarter.

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

Solana just had a busy month on the developer side. Data shared on X shows the network’s monthly unique active programs climbed past 8,400 in September, a figure described as a new record.

Programs are Solana’s version of smart contracts: the code behind every swap, bridge, bot and game on the chain.

The numbers behind the build-out Funded wallets on Solana rose 38.5% month-over-month to 16.1 million. A funded wallet holds a balance, which separates it from the abandoned addresses that pad most user counts.

Advertisement

Daily active stablecoin addresses reached 888,000, a 269% increase year-over-year.

Monthly app revenue on Solana reached $180 million in September, a nine-month high. Daily revenue peaked at $7.935 million on September 12.

That $180 million represented 32% of total blockchain app revenue for the month.

Who is actually using all those programs The largest single category was arbitrage and sandwich bots, with 877 active programs. Behind the bots came DeFi applications at 315 programs, bridges at 288, gaming and casino programs at 222, and swap protocols at 168. Standout names included the Pump.fun AMM and Jupiter Aggregator v6.

Not every dashboard counts the same way The headline figure deserves some context. Separate data shared by SolanaFloor put Solana’s September monthly active programs at 7,699, which it described as the highest level since August 2025 rather than an all-time high.

Of roughly 42,500 programs deployed on Solana, only about 3,118 showed sustained user interaction during the period, according to the same research.

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

Vest secures $13 million in seed round financing, led by Portal Ventures.

According to Fortune, retail proprietary trading startup Vest Labs announced it has closed a $13 million seed round, led by Portal Ventures, with Citadel Securities, BlackRock, and several KKR executives participating as individual investors. The company did not disclose its post-money valuation. Vest allows eligible traders to use the firm’s capital to trade perpetual contracts in real markets around the clock, with traders retaining up to 80% of profits and the rest going to the company. The firm noted that unlike some retail proprietary trading firms that rely on fees from simulated trading accounts, this model lets Vest benefit from traders’ success rather than betting on their failure. The funding will be used to develop a mobile app, expand its current 22-person team, and add more assets available for round-the-clock trading. Per Vest’s own disclosure, as of late September, roughly 26% of the platform’s around 27,000 traders had received cash payouts, with month-over-month growth exceeding 300% in both monthly active traders and trading volume.

1 seconds ago

An address withdrew 3,583.2 ETH from Binance over the past two hours, valued at $9.27 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x6f4…52F67 withdrew 3,583.2 ETH from Binance over the past two hours, valued at $9.27 million at an average price of $2,587.32. The address has transferred all the tokens to a new wallet address 0x991…4fa70 via two intermediate transfers.

1 seconds ago

Polymarket CEO: Chasing 100x tokens is an "irrational exuberance" game, with some traders shifting to pursue more predictable opportunities.

Polymarket CEO Shayne Coplan told attendees at Singapore’s Token2049 conference that chasing the next 100x token has become a “game of irrational exuberance and hot potatoes”. He noted that traders may buy tokens even if they deem them to have no intrinsic value, solely for their potential to surge 100x, hoping to sell before the price collapses. While some people do accumulate wealth this way, Coplan argued that inflated asset prices will eventually correct. Coplan added that Polymarket’s user growth reflects that some traders are seeking opportunities with more predictable odds rather than chasing the next hot token. He emphasized that prediction markets do not offer exponential upside, though traders with relevant information are still willing to participate. DefiLlama data shows Polymarket recorded roughly $1.21 billion in trading volume over the past seven days, ranking second among prediction markets, while Kalshi saw around $2.3 billion. However, prediction markets also face risks. A prior report from 10x Research pointed out that data-driven professional traders may exploit information asymmetry and price spreads to turn a profit. Additionally, more than a dozen U.S. states have taken legal action against Polymarket, Kalshi, or both over sports event-related contracts.

1 seconds ago

Open-source Hermes Agent has been downloaded 22.7 million times; Nous Research secures $90 million in funding for its enterprise-focused business.

Beating AI Insight News Brief: Nous Research completes a $90 million Series B funding round, with valuation hitting $1.5 billion. Robot Ventures led the round, and participants include Nvidia, Microsoft M12, Samsung, USV, etc. The company has raised approximately $158 million in total to date. The new capital will primarily be used to bring Hermes – an open-source agent that has gone viral among developers this year – to the enterprise market. Since its launch in February, Hermes has been downloaded 22.7 million times. Data from OpenRouter shows its usage has surpassed OpenClaw. As of mid-September, Nous’ annualized revenue stood at around $36 million, and the company projects it will exceed $100 million later this year. Nous does not offer another closed agent for enterprises. Hermes remains free and open-source under the MIT license, allowing enterprises to select their own models or deploy on their own cloud or on-premises servers. Nous adds enterprise-focused features on top, including SSO, employee access permissions, workspace isolation, auditing, cost management, and integrations with Slack and Microsoft Teams. The first enterprise deployments have already begun. Its business model is now clear: Hermes is free and open-source, while Nous generates revenue from models, tools, cloud hosting, and enterprise management services. An open-source agent originally targeted at developers has already achieved $36 million in annualized revenue, and now it aims to validate whether this model can scale in the enterprise space.

1 seconds ago

Analysis: Bitcoin’s rally lacks trading volume and new capital support, with short-term investors opting to take profits during the upswing.

Glassnode’s report notes that Bitcoin’s breakout above the $85,000 sell wall occurred with low trading volume and limited new capital inflow, followed by a subsequent pullback. The 7-day average of combined daily trading volume on spot exchanges and U.S. spot ETFs stands at roughly $6.8 billion, lower than about 90% of trading days since January 2024. In the 30 days ending October 5, new capital from ETFs, stablecoin growth, and corporate treasury purchases totaled around $4.9 billion, less than 40% of the $12.8 billion realized market cap increase over the same period. On October 4, profitable short-term holders contributed approximately 86% of total inflows to trading platforms that day — a 1-year high — indicating recent buyers are taking profits. The options market has shifted back to a bullish bias, with the put-to-call open interest ratio at around 0.56. Recent liquidation levels are primarily concentrated below the current price; the nearest large liquidation cluster is at $81,700 to $83,300, while Binance’s largest buy order range sits at $81,000 to $81,250. If spot trading volume and ETF buying demand rebound, and Bitcoin firmly closes above $85,500, it will confirm the breakout has gained tangible support, potentially bringing the short liquidation cluster near $92,000 within reach. If the $81,000 buy level is broken, the underlying liquidation cluster could be triggered; altcoin leverage remains elevated, and a continued downturn may spark forced liquidations.

1 seconds ago

World Gold Council: Global Gold ETFs Attract Record $31 Billion in Q3 Inflows

The World Gold Council’s report shows that global gold ETFs pulled in $10 billion in inflows during September, pushing the third quarter’s total inflows to a record $31 billion, led by funds listed in Europe and North America. Even as gold prices fell, global gold holdings rose by 67 tons to a record 4,256 tons, while total assets under management (AUM) dropped 7% quarter-on-quarter to $574 billion. At the country and regional level, the third quarter’s record inflows were led by the United States, followed by strong contributions from UK-listed funds. The UK notched its strongest quarter ever, helping Europe hit the same milestone at the regional level.

1 seconds ago

DeFi Development Corp., a Solana-focused treasury and infrastructure firm, announced that its board has approved a program to repurchase up to all outstanding shares of its CHAD preferred stock. The company clarified it is not currently planning to execute any share repurchases under the newly authorized scheme, instead positioning the move as a flexible capital management tool.

Buyback Program Contingent on Market PriceThe company specified that the authorization covers all current and future CHAD shares, allowing repurchases via open-market purchases or privately negotiated transactions. However, any buyback activity remains at management’s discretion and is not mandatory.

Repurchases will not begin until CHAD attains its $10 stated value. Should the preferred shares fall back below par after reaching that level, DeFi Development Corp. may utilize the new authorization to buy back shares opportunistically. CEO Joseph Onorati emphasized, “Our first objective is simple: get CHAD to par,” underlining that the announcement focuses on creating future flexibility rather than signaling an immediate buyback.

Repurchases are intended as a future option if CHAD trades below $10, with the company’s priority centered on first reaching par and supporting long-term capital strategy.

Solana Treasury Rises as CHAD Dividend Program LaunchesThe company’s growing Solana treasury forms the foundation for both the CHAD buyback program and its dividend policy. In a recent regulatory filing dated October 5, DeFi Development Corp. reported increasing its Solana holdings by approximately 26,203 SOL since late September, bringing the treasury to about 2,564,212 SOL and SOL equivalents—valued near $302 million at the time of filing. This marks a continued rise from the 2.53 million SOL referenced in earlier updates.

Since August 12, the company’s SOL holdings have expanded by roughly 11%. Its business model involves holding and staking SOL, operating validator infrastructure, and earning staking rewards and fees. The relationship among SOL price movements, the treasury’s overall value, and CHAD’s income structure is seen as a significant factor for investors considering the preferred stock.

The CHAD preferred stock issued its initial dividend on October 1. The security currently offers a 13% annual dividend rate based on its $10 stated value, equivalent to $1.30 per share per year. Dividends are distributed on each business day, as declared by DeFi Development Corp.

The company has positioned the dividend rate to connect preferred stock financing with the productive use of its SOL treasury. Staking and validator activities are intended to generate steady staking rewards and network fees that support these obligations. However, DeFi Development Corp. highlighted that the market price of CHAD may diverge from its par value, making the effective yield for investors potentially higher or lower than the headline dividend rate.

The company’s treasury management, coupled with productive SOL staking, aims to support CHAD’s ongoing dividend obligations, though the actual return to investors depends on the trading price relative to par.

SOL Price Remains Stable as Capital Strategy ExpandsThe price of SOL was trading near $120.40 with a market capitalization close to $71 billion and daily trading volume around $2.5 billion, based on CoinGecko data as of October 6. The token registered a 1.9% increase over the previous seven days, with its October 5 closing price at $120.76. This period of stability provides DeFi Development Corp. with a favorable environment to accumulate SOL, but there is no indication the CHAD announcement itself affected the price of SOL.

The next challenge for CHAD is to consistently trade at or above its par value, ensuring sufficient liquidity for future fundraising needs. DeFi Development Corp. said it originally created CHAD as a way to raise capital for additional SOL purchases without diluting existing shareholders through new common stock offerings. The repurchase proposal adds flexibility by enabling possible share buybacks when market conditions are favorable, but its ultimate effect will depend on the trajectory of CHAD’s market price, SOL performance, and strategic decisions from management.

Monitoring both price movements and broader investor activity is increasingly vital across digital markets, especially in quickly evolving segments like meme tokens. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000, stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.

China Could Trigger the Next Bitcoin Supercycle: What's Stopping It?

Analysis

An open-source atomic settlement program with JPMorgan advisory input compresses the two-day settlement cycle into a single on-chain transaction — but privacy and production readiness remain the next hurdles.

The financial industry has spent the better part of a century perfecting the art of waiting. Whether it is the T+2 cycle that defined the modern era or the recent, frantic scramble to T+1, the underlying assumption remains that settlement is a process, not an event. But as the industry eyes the millisecond floor, that assumption is beginning to look like a legacy constraint. The Solana Foundation’s unveiling of Solana DvP on October 6, 2026, suggests that the technical inflection point for institutional tokenization is no longer a theoretical horizon; it is a piece of open-source code.

At its core, Solana DvP is an MIT-licensed delivery-versus-payment program designed to replace the current patchwork of bespoke, one-off smart contracts that institutions have been cobbling together to move assets on-chain. The mechanism is refreshingly mechanical: it utilizes two escrow accounts per trade — one for each leg — and a 458-byte SwapDvp program-derived address (PDA) to manage the exchange. Settlement authority is delegated to a third address defined at the moment of trade creation. If the conditions are met, the swap executes atomically; if not, the program refuses to settle after the expiry. It is a binary outcome — either both legs complete, or neither does — effectively stripping away the counterparty risk that has historically necessitated the presence of clearinghouse intermediaries.

The involvement of JPMorgan in this development has naturally sparked interest, though it is worth calibrating expectations. The bank provided advisory input, drawing on decades of expertise in settlement, escrow isolation, and the application of Token-2022 extensions like pausable tokens and transfer hooks. It is a technical consultation, not a commercial endorsement or a signal of a pending migration. As Rhodel D’souza, head of markets digital assets at J.P. Morgan, noted: “A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale without introducing settlement risk and counterparty exposure.”

The compliance architecture relies heavily on the Solana Token-2022 standard. By leveraging features like Default Account State — which keeps tokens frozen by default — and metadata for on-chain bond details, the program attempts to bridge the gap between public infrastructure and institutional requirements. Catherine Gu, head of product, Digital Assets, at the Solana Foundation, frames the shift clearly: “Atomic settlement removes counterparty risk that is inherent in traditional finance. Solana DvP program provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days.”

This approach sits in stark contrast to other institutional efforts. While JPMorgan’s Kinexys has tested cross-chain DvP with Ondo Finance, and ClearToken has launched a DvP solution on the permissioned, privacy-enabled Canton Network, Solana DvP is positioning itself as a unified, open-source standard on public infrastructure. It is a bet that the efficiency of a shared, public standard will eventually outweigh the perceived safety of siloed, permissioned environments. However, the project is not yet production-ready. While a Cantina audit conducted in May 2026 identified 21 findings — all of which were addressed — no production release has been declared, and no design partners have been named.

There is also the matter of what the standard currently lacks. The millisecond floor is technically achievable, but the program is constrained by the absence of native privacy, netting, matching, or support for off-chain legs. There is no built-in order book or automated KYC check. For now, settlement amounts remain public, and while confidential settlement is on the roadmap, it has not yet shipped. This creates a tension between the transparency of a public, open-source standard and the stringent privacy requirements that institutional desks demand before they can move significant volume.

This development fits into a broader pattern we have been tracking closely. The on-chain settlement infrastructure is maturing, the OKX and ICE joint venture is filing to tokenize NYSE equities, and the transparency gap Chronicle Labs identified remains unresolved. As the US, UK, EU, and Switzerland move toward a synchronized T+1 environment by late 2027, the cost of traditional settlement — often ranging from $50 to $500 per transaction — will look increasingly archaic compared to the sub-cent, sub-second execution atomic on-chain settlement provides. Solana DvP may or may not become the standard that captures this shift, but the direction is no longer in doubt.

Ethoswarm Nolan Pratt works for Forkast.
Minds can also work for you.

Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.

Awaken your mind →

The @CFTC has publicly identified six cryptocurrencies as digital commodities under the joint market taxonomy it developed with the SEC, a move that removes years of legal uncertainty for some of the industry's most widely traded assets.

What the Digital Commodity Label Means

For $XLM and $XRP specifically, this settles longstanding questions about their regulatory standing in the United States.

CFTC Takes Sole Jurisdiction Over Spot and Derivatives Markets That jurisdictional clarity is significant: it means exchanges listing spot or derivatives products for $BTC, $ETH, $SOL, $XLM, $XRP, and $XTZ now have a single primary regulator to answer to, rather than navigating overlapping SEC and CFTC oversight.

Sources:
Forvis Mazars: SEC & CFTC Issue Historic Crypto Asset Framework
Bitcoin.com News: US Regulators Recognize XRP's Non-Security Status
Ballard Spahr: SEC and CFTC Clarify When Digital Assets Are and Are Not Securities

Which Crypto Has the Best Chart? Peter Brandt Compares XRP, Monero and Solana

TLDR Table of Contents

BTGO rises 0.27% pre-market as BitGo expands its HashKey Cloud partnership. BitGo and HashKey Cloud deepen ties across staking, trading, custody, and RWAs. HashKey Cloud will support Ethereum and Solana staking for eligible BitGo clients. BitGo will provide custody services to HashKey Capital and related investment funds. The partnership expands BitGo’s institutional crypto reach across key Asian markets. BitGo Holdings stock edged higher Tuesday after the company expanded its institutional digital asset partnership with HashKey Cloud. BTGO traded at $7.40 in pre-market trading, gaining 0.27% after closing unchanged at $7.38. The agreement strengthens BitGo’s reach across staking, trading, custody, and real-world asset tokenization in Asia.

BitGo Holdings, Inc., BTGO

BitGo and HashKey Cloud formally signed the strategic agreement during TOKEN2049 week in Singapore. Senior executives from both companies attended the signing ceremony at the Fullerton Bay Hotel. The partnership expands an existing relationship between two firms serving institutional digital asset markets.

The companies will cooperate across four major infrastructure areas under the new agreement. These include institutional staking, trading services, digital asset custody, and real-world asset tokenization. The structure gives institutional clients access to several services through one broader infrastructure relationship.

BitGo provides custody and digital asset infrastructure services to institutions across global markets. Meanwhile, HashKey Cloud operates staking and Web3 infrastructure under Hong Kong-based HashKey Group. Their combined operations could strengthen access to regulated digital asset services across Asian markets.

Ethereum Staking Becomes Initial Focus HashKey Cloud will become a validator partner on BitGo’s institutional staking platform. Ethereum will form one of the first supported networks under the expanded partnership. Eligible BitGo clients will therefore gain another infrastructure option for institutional ETH staking.

The arrangement allows HashKey Cloud to provide validator services through BitGo’s existing platform. BitGo will continue controlling client access based on regulatory and onboarding requirements. The companies will limit services to jurisdictions where local rules permit their operations.

Ethereum staking remains an important service for institutions seeking participation in blockchain infrastructure. However, institutions often require custody, compliance, and operational controls alongside staking services. The partnership combines these functions within a broader institutional framework.

Solana Staking and RWA Services Broaden BitGo Reach Solana will join Ethereum among the first staking networks supported through HashKey Cloud. The companies will also work together to support institutional digital asset trading flows. This approach expands the partnership beyond staking into wider market infrastructure.

BitGo will separately provide custody solutions to HashKey Capital and associated investment funds. Those services remain subject to standard onboarding procedures and separate agreements. The arrangement could deepen BitGo’s role within HashKey’s institutional investment operations.

BitGo will also serve as a custody partner for HashKey’s real-world asset tokenization projects. Tokenized assets require secure custody infrastructure to connect traditional assets with blockchain-based ownership systems. The agreement therefore expands BitGo’s exposure to another growing area of institutional digital finance.

HashKey Group operates a regulated digital asset business with a strong presence in Hong Kong. BitGo brings global custody infrastructure and services designed for institutional clients. Together, the firms aim to support digital asset adoption through regulated infrastructure across key Asian markets.

Imperial, a Solana-based trading terminal for perpetual futures, raised $1.5 million in a seed round to expand its platform, according to a report from SolanaFloor.

The funding picture is murkier than a tidy press release would suggest. Public statements tied to the project have stressed backing from B&J Studios rather than outside venture capital, and no investor list or deal documentation has surfaced to confirm a raise.

That matters because figures between $1.5 million and $2 million have circulated around the project. Without paperwork, the round remains a reported number rather than a confirmed one.

What Imperial actually does Imperial operates as both a trading terminal and an order router. The router sends orders to venues including Phoenix, FlashTrade, GMTrade, and Jupiter Perps.

On top of routing, the platform offers features aimed at active traders. These include advanced order types, detailed profit and loss tracking, and a community points program that rewards trading activity.

Armada and the 1 basis point fee The more notable product update is Armada, which Imperial describes as a PropAMM. It is designed to provide low-cost liquidity while keeping every transaction on the Solana blockchain.

Advertisement

Armada is actively rolling out with taker fees of 1 basis point. A basis point is one hundredth of a percent, so a taker pays 0.01% of the trade’s value.

The fully onchain design is also a deliberate choice. Plenty of trading products move parts of their operations off the blockchain to gain speed. Armada keeps the activity on Solana, which preserves transparency for anyone inspecting the flow.

The people behind the terminal Imperial is led by Jordan Prince, who serves as CEO. Prince previously worked at Citadel, the trading firm, and contributed to the Metaplex standard, a widely used framework for digital assets on Solana.

Hunter Simmons is the project’s CTO. Simmons previously worked on Teleport, a project that attracted $15 million in funding.

As of May 2026, Imperial is backed by B&J Studios, with no confirmed external seed funding on the record. The project has publicly signaled a conscious decision to delay outside fundraising.

Why the funding question is worth watching If the reported $1.5 million round is confirmed, it would mark a shift from that stance. If it is not, Imperial continues as a rare example of a Solana perps project growing without a headline raise.

Either way, the reported figure is modest by crypto standards. It is a fraction of the $15 million that Simmons’ previous project, Teleport, drew.

What this means for Solana perps traders Armada’s 1 basis point taker fee adds pressure. A low-fee liquidity source sitting inside a routing product could pull volume toward Imperial’s own pool if execution holds up.

The risk is on the execution side. Low fees only matter if liquidity is deep enough to fill orders without significant slippage, which is the gap between expected and actual price.

There is also a structural question for the venues Imperial routes to. A router that also operates its own liquidity has an obvious incentive to favor that liquidity. How Imperial handles that tension will shape whether other venues view it as a partner or a competitor.

The things to watch are straightforward. Whether the reported seed round gets confirmed with named investors, how quickly Armada completes its rollout, and whether the points program translates into sustained trading volume rather than a short burst of farming activity.

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