Track market-moving stories before they get noisy

Ethereum, XRP, and Solana recorded sharper declines than Bitcoin over the past day, with analysts attributing the drop to renewed macroeconomic uncertainty and a shift in trader sentiment across the cryptocurrency market.

Altcoins see steeper declinesThe total cryptocurrency market cap fell 2.5% to $2.8 trillion. Ethereum declined 5.5% to a $289 billion market cap, XRP fell 5.1% to $82.4 billion, and Solana dropped 3.8% to $60.6 billion. By comparison, Bitcoin, the world’s largest cryptocurrency, declined 3.1% on the day and 2.6% over the week, lowering its market cap to $1.6 trillion.

Asset1-Day ChangeMarket CapEthereum-5.5%$289 billionXRP-5.1%$82.4 billionSolana-3.8%$60.6 billionBitcoin-3.1%$1.6 trillionMarket observers linked the sell-off to the latest US consumer price index reading of 3.7% and mounting expectations of an interest rate hike in October, both of which intensified macroeconomic pressures on riskier assets like cryptocurrencies.

Hedging and liquidity shiftsNick Forster, founder of options trading exchange Derive.xyz, stated that increased volatility prompted traders to move into “protection mode.” He observed that hedging activity on his platform doubled over the past day, while large investors reduced their exposure to optimistic positions established in the spring.

This immediate pull-back from long-term upside bets alongside aggressive short-term hedging shows a dramatic regime shift, with institutional participants rapidly reassessing their macro risk exposure as the path for interest rates turns murky again.

Luke Nolan, senior research associate at CoinShares, explained that altcoins, which are generally considered high beta assets, are more vulnerable to sudden drops in the broader market. He noted that the US dollar’s move to a near 18-month high contributed to downward pressure, as cryptocurrencies often exhibit an inverse correlation to the US Dollar Index (DXY).

Mini dictionary: US Dollar Index (DXY), a measure that tracks the value of the US dollar relative to a basket of foreign currencies. A rising DXY signals a stronger dollar and can mean reduced risk appetite for alternative assets like cryptocurrencies.

Nolan said that tightening financial conditions reduce liquidity and risk appetite, further pressuring altcoins. He indicated that he would watch for any changes in expectations for interest rate hikes before predicting a rebound in prices.

High beta assets just got hit harder, similar to equities, where high-performing stocks have seen outsized drawdowns in recent sessions. Altcoins are typically more sensitive to financial conditions, and tightening affects the premise of liquidity expanding.

Profit-taking follows altcoin rallyMax Shannon, senior associate at Bitwise Europe, said part of the recent sell-off reflects traders taking profits after a strong multi-month rally in altcoin prices. Futures open interest in altcoins excluding Ethereum has dropped by $8 billion since the start of October, indicating that traders have reduced risk after the latest uptrend.

Shannon noted that Ethereum outperformed Bitcoin for three consecutive months, a streak last seen in March 2021, prompting investors to realize profits. Ethereum ETFs witnessed 11 straight trading days of net outflows totaling $782.8 million, followed by a small inflow on Tuesday, with $129.5 million in new outflows since, based on CoinGlass data.

He described the current market environment as a “consolidation period” for altcoins that had previously rallied strongly. Shannon said that while altcoins tend to move in tandem with Bitcoin during difficult periods, they can diverge, particularly when unique catalysts emerge.

Looking ahead, Nolan said a recovery would likely depend on expectations for US interest rate decisions. He added that uncertainties made predicting a clear short-term direction for altcoins challenging, as a further drop in Bitcoin could deepen losses, but a robust move above $80,000 could swiftly reignite altcoin momentum.

Four major altcoins have flashed technical buy signals on October 15, 2026, as XRP, Solana, Dogecoin and Hyperliquid continue falling, prompting analysts to examine whether recent selling has created an opportunity for a price rebound.

Summary

Four altcoins, XRP, SOL, DOGE and HYPE, displayed TD Sequential buy signals during recent selling.
XRP traded near $1.31, while analyst Ali Martinez identified possible recovery targets above current prices.
Solana approached $100 support, with potential rebounds toward $111 and $120 dependent on renewed demand.
Dogecoin tested $0.080 support as analysts monitored $0.087 and $0.094 for potential price recoveries ahead.

Crypto analyst Ali Martinez identified buy signals across the four cryptocurrencies using the TD Sequential indicator, which tracks price movements to identify possible exhaustion in a trend. The signals appeared as the U.S. inflation report weighed on cryptocurrency prices, although a confirmed reversal would require stronger buying activity.

BUY SIGNALS ON XRP, SOL, DOGE, HYPE

Should you buy the dip?

1/6 🧵👇

— Ali Charts (@alicharts) October 15, 2026

The U.S. Bureau of Labor Statistics reported that September consumer prices increased 0.6% from August, bringing annual inflation to 3.7%. The figures exceeded expectations and prompted traders to reassess the Federal Reserve’s interest rate outlook.

XRP leads these altcoins with three buy signals
XRP traded near $1.31 at press time, down 3.43% over 24 hours and 6.57% across seven days, according to CoinGecko. Trading volume stood at approximately $2.39 billion, while its market capitalization reached $83.1 billion.

Martinez reported that XRP had produced three TD Sequential buy readings near current prices. The signals included a Sequential 13, a TD 9 and an Aggressive 13, which the analyst interpreted as possible evidence that selling pressure was approaching exhaustion.

The analyst identified $1.40 as the first recovery target, followed by resistance near $1.50. Those targets depend on buyers returning to the market and prices holding above nearby support.

A separate hourly chart showed XRP moving within a parallel trading channel. Martinez warned that the price could revisit the channel’s lower boundary near $1.25 before establishing a stronger recovery.

XRP REBOUND INCOMING!?$XRP appears to be trading inside a parallel channel on the hourly chart.

This structure suggests XRP could still drop toward the lower boundary around $1.25 before seeing a meaningful rebound.

That’s the level I’m watching for a potential buying… pic.twitter.com/Et9Q11p08w

— Ali Charts (@alicharts) October 15, 2026

If XRP rebounds from that support, the analyst identified $1.42 as a possible intermediate target, with $1.60 near the upper boundary.

Meanwhile, institutional investment flows present a different picture from the recent price decline.

According to SoSoValue data, U.S. spot XRP exchange-traded funds recorded net inflows for 13 consecutive weeks, bringing cumulative inflows to approximately $1.80 billion.

Weekly inflows slowed after reaching $75.6 million in the week ending September 25. The following two weeks recorded $4.7 million and $11.3 million, respectively.

XRP ETF flows, source: SoSoValue
Large cryptocurrency holders, however, have been transferring more XRP to Binance. CryptoQuant analyst Arab Chain reported that 30-day whale inflows reached approximately 1.669 billion XRP, a seven-month high.

The analyst noted that exchange transfers could increase the supply available for selling, although some movements may involve internal transfers or other exchange services.

An earlier analysis of Bitcoin, Ethereum and XRP buy signals identified similar technical conditions during the October 8 market decline. XRP’s latest signals have appeared at a lower price level.

Solana tests $100 support as a new buy signal appears
Solana was trading around $101.98 at press time, representing a 3.86% decline over 24 hours and a 10.24% loss over seven days.

CoinGecko’s data placed its daily trading volume near $4.08 billion and market capitalization at approximately $60.46 billion.

Martinez observed that Solana’s daily TD Sequential indicator had produced a buy signal as the cryptocurrency approached $100.

He compared the latest reading with a sell signal that appeared in late September, which preceded a correction of approximately 14%.

3/6 $SOL is approaching $100 as the TD Sequential flashes a buy signal on its daily chart.

The indicator’s sell signal in late September preceded a 14% correction. If this new signal is confirmed by stronger buying, Solana could rebound toward $111, then resistance near $120. pic.twitter.com/biicOHlMqv

— Ali Charts (@alicharts) October 15, 2026

The new signal could support a rebound if buying pressure improves. Martinez identified $111 as the first resistance target and $120 as the next level.

However, the analyst did not establish that either target would be reached. A sustained move below $100 could weaken the proposed recovery setup.

Among the four altcoins under review, Solana has recorded the largest seven-day decline. Away from price charts, the Solana Foundation has expanded its presence in China.

Foundation Chief Strategy Officer Rachel Conlan shared images of the organization’s new Shanghai office and promotional displays across the city’s skyline.

Binance founder Changpeng Zhao commented on the development, noting that BNB Chain had not achieved a comparable promotional presence in mainland China.

The foundation has scheduled events in Shanghai, Hangzhou, Shenzhen and Beijing through its Solana Accelerate China program.

It's amazing to see that Solana was able to advertise and even get an office in China. 👏@BNBChain was not able to do this, so far. 🤣

Hopefully, what's good for one industry player is also good for the rest. https://t.co/fNRRWnAGpt

— CZ 🔶 BNB (@cz_binance) October 15, 2026

China continues to restrict cryptocurrency trading, and the foundation’s promotional activities do not establish that mainland residents can legally access unrestricted cryptocurrency trading services.

Dogecoin flashes a buy signal near $0.080
Dogecoin traded around $0.07977 during Thursday’s market session, down 4.93% in 24 hours and 8.62% over the preceding week.

CoinGecko data showed daily trading volume of approximately $1.03 billion and a market capitalization of $12.47 billion.

Martinez reported that Dogecoin’s daily TD Sequential indicator had generated a buy signal as the token returned to support near $0.080.

The analyst identified $0.087 as an initial recovery target if support holds and demand increases. Resistance near $0.094 represents a second level to monitor.

The latest signal follows several sessions of falling prices, leaving DOGE slightly below the support level identified in the analysis. Other traders have presented longer-term recovery scenarios.

Crypto Patel identified $0.1186 as a potential bullish breakout level after examining Dogecoin’s multiyear price structure.

The analyst proposed targets at $0.2818, $0.7559 and $2.00 if the cryptocurrency eventually confirms a sustained move above resistance.

CAN $DOGE HIT $2 IN THE NEXT BULL RUN? 🚀#DOGE is retesting a multi-year accumulation zone after breaking its long-term descending trendline. The next major bullish trigger is a breakout above $0.1186.

Target 1: $0.2818
Target 2: $0.7559
Target 3: $2.00

A confirmed breakout… pic.twitter.com/wx2OfL587o

— Crypto Patel (@CryptoPatel) October 15, 2026

Those projections are speculative and require price changes far beyond the short-term recovery levels identified by Martinez.

Trader Tardigrade suggested that Dogecoin’s monthly chart was developing an inverse head and shoulders pattern.

The analyst placed the neckline near $0.10 and described a monthly close above it as a possible breakout confirmation.

For traders considering these altcoins after the selloff, Dogecoin’s immediate setup remains centered on $0.080 support and the nearby $0.087 resistance level.

Hyperliquid approaches $80 as traders watch $86
Hyperliquid’s HYPE token traded near $79.61, down 1.98% over 24 hours and 7.89% across seven days.

CoinGecko data placed its daily trading volume at $859.3 million and market capitalization near $17.70 billion.

Martinez identified a fresh TD Sequential buy signal around $80. The analyst noted that an earlier signal on October 1 preceded a rebound of nearly 11%. He suggested that a comparable recovery could bring HYPE toward $86, followed by resistance near $93.

5/6 $HYPE is trading near $80 with a fresh TD Sequential buy signal.

The previous buy signal on October 1 preceded a rebound of nearly 11%. If this one gets similar follow-through, Hyperliquid could test $86, then resistance near $93. pic.twitter.com/4BYkZFs7kI

— Ali Charts (@alicharts) October 15, 2026

The October 1 rebound provides a historical comparison, not confirmation that the new signal will produce the same result.

HYPE’s latest price remained below the $80 reference level. A recovery above that area would place the first resistance target back in focus.

Among these altcoins, HYPE recorded the smallest daily decline, although its weekly performance remained negative.

Hyperliquid founder Jeff Yan recently discussed the project’s regulatory approach during an interview with Bloomberg’s Odd Lots podcast.

Yan argued that U.S. regulators should focus on the companies operating financial markets through Hyperliquid’s infrastructure, while treating the underlying blockchain as a separate technical system.

His comments concerned how financial rules might apply to businesses using the network, not an announcement of new regulatory approval for HYPE.

Earlier reporting on Hyperliquid’s regulatory status in Singapore documented the platform’s operations and questions surrounding oversight.

Hyperliquid remains unavailable to U.S. users. Kraken parent Payward has separately discussed plans to use Hyperliquid technology for regulated derivatives services, subject to the necessary approvals.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Sydney Sweeney Holding XRP? Charles Hoskinson Has a Theory

A light-hearted mix-up in Times Square has given the XRP community something to talk about. Ripple CTO Emeritus David Schwartz posted a selfie in front of actress Sydney Sweeney’s billboard for sports prediction platform Novig, and Cardano founder Charles Hoskinson could not resist a joke.

“Oops, wrong billboard”

Schwartz shared the photo on X with the caption, “Oops, wrong billboard.” The ad behind him promoted Novig, a sports prediction marketplace, and featured Sweeney.

Hoskinson replied within the hour: “I knew she had XRP.” The joke played on the idea that the XRP Ledger’s co-creator had accidentally promoted a sports betting app instead of an XRP milestone.

“Got it this time”

Schwartz followed up with a second selfie, this time in front of the right screens. The billboards showed Evernorth’s branding and its Nasdaq ticker, XRPN.

“Got it this time,” he wrote.

Evernorth, the XRP treasury company led by former Ripple board member Asheesh Birla, holds about 473 million XRP and raised roughly $300 million in gross proceeds. Its shares began trading on Nasdaq this month, and the company rang the Nasdaq closing bell on October 14.

Ripple marked the moment on X, calling Evernorth “a new milestone for the XRP ecosystem” that puts “XRP to work via institutional strategies.”

XRP fans see a price signal

Some XRP holders read more into the post. One X user claimed that the last time Schwartz posted about Sweeney, XRP jumped about 80%, from $0.98 to $1.78, before pulling back. T

Sweeney’s past brushes with crypto

This is not the first time Sweeney’s name has surfaced in crypto. In 2024, a hack of her X account was used to promote a fake Solana token. Reports in 2025 also claimed Ripple had hired her to promote XRP, but no official announcement ever followed.

There is no indication that Sweeney owns XRP, and Hoskinson’s remark was clearly a joke.

Story Ends Here

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Read the Next News

Ripple’s recent launch of the Ripple Treasury platform has sparked renewed discussion around the potential integration of XRP into mainstream financial infrastructure. Crypto researcher SMQKE suggested that the new platform could serve as a bridge for XRP to connect with the widely used SWIFT interbank messaging network, drawing increased attention from market participants monitoring XRP’s adoption prospects.

Ripple Treasury: Expanding Institutional ServicesRipple, a San Francisco-based financial technology company known for its focus on blockchain-based payment solutions, introduced Ripple Treasury on January 28, 2026. This release came after Ripple’s $1 billion acquisition of GTreasury, a prominent provider of treasury management software, in October 2025. The new platform merges GTreasury’s tools for managing corporate funds with Ripple’s digital asset technology, enabling firms to oversee both traditional currencies and digital holdings in a single location.

Ripple Treasury allows businesses to conduct cross-border settlements using RLUSD, Ripple’s US dollar-pegged stablecoin. Clients also gain access to overnight repurchase agreements and tokenized money-market funds, expanding their options for cash management and short-term financing.

These services are designed to integrate with existing corporate finance operations. Companies can streamline their treasury functions without the need to overhaul banking relationships or transact directly with XRP unless they choose to do so.

Mini dictionary: GTreasury, a company specializing in corporate treasury management software, helps businesses handle cash, liquidity, payments, and risk, simplifying complex financial operations for major enterprises.

XRP and the SWIFT Network: Real Integration or Speculation?SWIFT, the Society for Worldwide Interbank Financial Telecommunication, operates a vast financial messaging system that banks rely on for secure international payments. Due to SWIFT’s central role in global finance, any discussion about connecting it with digital assets like XRP draws significant interest from investors seeking institutional adoption and expanded real-world utility for cryptocurrencies.

On social media, SMQKE highlighted a potential synergy, writing, “Ripple Treasury + XRP and SWIFT.” He asserted that the new platform “will facilitate the entry of XRP into the SWIFT network.” This assertion gathered traction among XRP holders, though no formal announcement has come from SWIFT or Ripple confirming such an integration.

Any direct connection between XRP and SWIFT remains unconfirmed at this point. Ripple Treasury establishes new capabilities for institutional clients, but evidence of SWIFT adopting XRP for payment settlement has not yet emerged.

The scope of potential collaboration remains uncertain. While Ripple can offer businesses tools for liquidity and cross-border payments, corporate clients may opt to use Ripple’s stablecoin RLUSD or other assets, depending on their requirements. The use of XRP itself would depend on future specifics of any partnership or integration.

Platform/NetworkPurposeAsset(s) SupportedCurrent Connection with XRPRipple TreasuryInstitutional treasury and cross-border settlementXRP, RLUSD, traditional currenciesDirectSWIFTGlobal interbank payments messagingTraditional currenciesUnconfirmedXRP Price: The Utility versus Value DebateThe debate over XRP’s utility and its market price surfaced prominently in online discussions. Community member Fabrizio Scudu commented on whether increased business adoption of the Ripple ecosystem would translate into value for XRP holders. He argued that utility alone is not enough if it does not also impact XRP’s price.

Scudu noted, “But the price is wrong… it’s pointless to say we need to look at utility. We all look at utility, but if it doesn’t translate into a fair value for #XRP, nobody cares anymore.”

Many XRP holders share similar reservations, emphasizing that Ripple’s expansion in financial services does not automatically translate into market gains for the digital asset. For SMQKE’s claims of a SWIFT connection to hold significant value, stakeholders expect to see actual implementation of XRP within the SWIFT network, rather than speculative associations.

Until there is official confirmation or evidence of widespread settlement activity involving XRP on SWIFT, such connections remain the subject of community debate and ongoing market speculation.

Technical analyst Egrag Crypto stated that XRP may reach $60 if the cryptocurrency successfully breaks out of a long-standing symmetrical triangle pattern. He shared this analysis on X, highlighting several notable price zones if a breakout is confirmed.

Symmetrical triangle forms the basis for projectionsEgrag Crypto’s charting points to XRP trading within a large symmetrical triangle, a technical formation that has developed over multiple years. He uses a measured-move approach to estimate future price objectives, relying on the height of the triangle to calculate the targets if XRP moves decisively through resistance.

This method does not guarantee that XRP will reach these levels, as the price must first confirm a sustained breakout above the upper boundary. Egrag Crypto cautioned that outcomes could differ if XRP fails to surpass the triangle’s resistance.

The symmetrical triangle is a chart pattern commonly used in technical analysis, indicating a period of consolidation followed by a possible breakout. Its predictive power is dependent on the breakout direction and confirmation of momentum.

Mini dictionary: Symmetrical triangle, a chart pattern featuring converging trend lines, signaling decreasing volatility. Breakouts above or below these lines can often indicate significant price movement.

Potential price targets and extended projectionsAccording to Egrag Crypto’s analysis, the first confluence range for a possible breakout lies between $4.30 and $10.23. The chart also presents more ambitious targets at around $15.93, $33, and $60. Additional Fibonacci extension levels highlight zones near $5.24, $6.30, and $8.89 that could become relevant during a breakout.

XRP Price LevelType$4.30–$10.23Initial confluence range$15.93Extended target$33Extended target$60Maximum projected target$5.24, $6.30, $8.89Fibonacci extensionsAt the time of analysis, XRP traded near $1.37. The highest projected level represents a significant potential increase if the pattern plays out as outlined. However, the analyst emphasized these are conditional scenarios based on confirmed breakout momentum.

Charts and numbers don’t lie. The macro symmetrical triangle currently seen in XRP implies confluence zones between $4.30 and $10.23, with possible targets as high as $60 if a breakout is confirmed, drawing from over two decades of experience in investment and crypto sectors.

XRP’s role in institutional conversationsAlongside his technical outlook, Egrag Crypto addressed the tendency of institutional discussions to focus on Bitcoin, Ethereum, and Solana, while giving limited attention to XRP. He questioned this imbalance given the ongoing development of the XRP ecosystem, suggesting the market may not fully recognize XRP’s potential importance in the evolving digital financial landscape.

The projections and conversation about XRP’s market position remain speculative unless the coin decisively leaves the symmetrical triangle.

Egrag Crypto wonders why XRP has received less institutional attention than Bitcoin, Ethereum, or Solana, despite significant ecosystem growth, raising questions about its future significance in the financial system.

PUMP falls 14% as Bitcoin, XRP, ONDO and QNT test support. Daily charts map key levels, risks, and technical signals across five major crypto assets today.

Asset Price 24-hour change Aggregate 24-hour volume Rank Bitcoin $80,821 -3.45% $38.57B 1 XRP $1.30 -4.92% $2.25B 5 Ondo $0.431072 -8.19% $217.31M 48 Quant $195.20 -9.34% $125.65M 39 Pump.fun $0.004352 -13.66% $244.31M 49 Bitcoin RSI Weakens as Price Retests $80,300 Bitcoin’s completed October 14 candle fell 1.83% to $81,576 after trading between $81,333 and $84,049. Its 14-day RSI, calculated with Wilder smoothing, dropped to 46.62 from 51.89.

The move below 50 shows weakening momentum without reaching the conventional oversold threshold of 30.

BTC/USD daily chart shows RSI (14) falling below 50 as price approaches the October 8 low near $80,329. The completed 00:00–04:00 UTC candle closed at $80,828, while four-hour RSI stood at 33.40. The $80,821 market quote remained close to the seven-day low of $80,329, but this intraday test did not establish a confirmed daily breakdown.

A daily close below $80,329–$81,333 would weaken the range and bring the 50-day EMA near $80,257 into focus, followed by the upper-$79,000 area.

Recovering the 20-day EMA at $82,963 would improve the setup, although Bitcoin would still need to close above $84,053–$84,250 to clear its recent ceiling.

XRP Presses the Lower Bollinger Band XRP ended October 14 at $1.3299, down 2.56%, after setting a daily low of $1.3020. The close held just above the lower Bollinger Band at $1.3211, calculated from a 20-day simple moving average with two population standard deviations. The band midpoint stood at $1.4557.

XRP/USD daily chart shows the October 14 close holding just above the lower Bollinger Band at $1.3211, before further intraday weakness. The next completed four-hour candle fell as low as $1.2834 and closed at $1.3024. The $1.30 market price was approximately 5.1% below the roughly $1.37 level cited in Wednesday’s report.

Because the current daily candle remained open, the move below the lower band and previous daily low was not a confirmed closing break.

A daily close below $1.3020 would expose $1.2834 and the September 16 swing low near $1.2461.

Holding the lower-band area and reclaiming $1.3403 would begin to stabilize the structure.

A close above $1.3854 would offer stronger confirmation and reopen a move toward the $1.4557 midpoint.

Ondo Sits Between Its 20-Day and 50-Day EMAs Ondo was the highest-ranked eligible non-core asset on CoinGecko’s search-trending list at the cutoff. It traded at $0.431072, down 8.19% over 24 hours, with a market-cap rank of 48.

ONDO/USD daily chart shows the completed close between the 20-day EMA at $0.47610 and the 50-day EMA at $0.44219. ONDO’s completed daily candle lost 4.89% to $0.44498. This left price below the 20-day EMA at $0.47610 but marginally above the 50-day EMA at $0.44219.

Its position between the averages describes a compressed decision area rather than a confirmed directional break.

The completed four-hour candle was weaker, closing at $0.42990 after touching $0.42255.

A daily close below $0.42801–$0.44219 would validate the deterioration and place $0.42255, followed by approximately $0.41 and $0.40, at risk.

For a bullish shift, ONDO must recover $0.46787 and close above the 20-day EMA at $0.47610. That would expose $0.48838 and the psychological $0.50 level.

Quant’s Wide ATR Calls for Closing Confirmation Quant ranked 39th by market capitalization and appeared among CoinGecko’s most-searched assets as its 24-hour loss reached 9.34%.

Its completed October 14 candle closed at $205, down 2.32%, before the next four-hour candle fell to $190.44 and closed at $194.51.

QNT/USD daily chart shows support near $200.79–$201.20, with 14-day ATR measuring $29.80 as volatility remains elevated. QNT’s 14-day average true range, using Wilder smoothing, measured $29.80, or 14.53% of the daily close. ATR gauges movement size rather than direction.

The reading eased from $30.83 but remained large enough for intraday wicks to cross nearby levels without confirming a trend change.

The $195.20 live quote was below completed daily support at $200.79–$201.20. A daily close below that zone would confirm a break and put $190.44 in view, followed by the four-hour 200-period EMA near $183.66.

A recovery through $209.87 would ease immediate pressure, while a close above $217.55 would clear the October 14 high and shift attention to $231.15.

PUMP MACD Deteriorates as Weekly Loss Reaches 30% PUMP recorded the largest 24-hour decline among the five assets, falling 13.66% to $0.004352. It remained a top-100 asset at rank 49 and was down 30.29% over seven days.

PUMP/USD MACD remains below its signal line as the daily histogram becomes more negative. Its repeat inclusion follows a material change in the setup: the price was approximately 13.8% below the $0.005050 area recorded in the October 13 report.

The completed daily candle fell 5.02% to $0.004768. On the standard 12,26,9 MACD, the line stood at $0.000179 versus a $0.000360 signal line.

The histogram widened to negative $0.000181 from negative $0.000152. This was not a new crossover; it was a confirmed expansion of negative momentum on a completed daily candle.

The subsequent four-hour candle traded as low as $0.004000 and closed at $0.004347.

That placed the live market below completed support at $0.004660–$0.004768, but only a daily close below $0.004660 would confirm the break.

Such a close would expose the lower Bollinger reference near $0.004211, followed by $0.004000 and the September 25 low at $0.003832.

A close back above $0.005020–$0.005138 would invalidate the immediate breakdown and bring the 20-day EMA at $0.005288 into focus.

Sectora Foundation today announced that four of its products have completed interface development and entered final testing on testnet ahead of launch.

The company’s #SECT token, which serves as the token of its cybersecurity network for crypto infrastructure and tokenized assets, is available on Uniswap (SECT/USDT pair on Ethereum). 

The token has a total supply of 50 million and a market capitalization of approximately $5 million. Liquidity is locked through Team Finance, the token is listed on CoinGecko, and its launch was previously announced on AP News and Benzinga.

Product Development StatusFour Sectora products have finished interfaces and are in final testing on testnet: the Sectora L3 network with its SectoraScan explorer, the Sectora DEX, the hash market, and Sectora Shield. 

The team is conducting 15 tests of the network and its validators; the fourth test has been completed successfully. The SectoraScan explorer is available to the public at sectoraorg.com/sectorascan.

Security InfrastructureSectora develops security solutions for crypto networks and tokenized assets. Its Sectora Shield is a post-quantum security engine built on the NIST FIPS 203, 204, and 205 standards. 

Additional solutions include smart contract audits, custody controls, continuous on-chain monitoring, and an asset tokenization platform.

Token Supply and Contract Details #SECT has a total supply of 50 million tokens.  A one-time burn of 50% of the supply is scheduled for March 15, 2027, which will reduce the supply to 25 million tokens.  After the burn, the supply cannot increase. The smart contract is renounced, contains no mint function, charges 0% transaction fees, and has been audited by Cyberscope.  In addition, 80% of every hash power purchase on the upcoming hash market will be used to buy back and burn #SECT tokens on the open market. Holder Rewards ProgramHolder rewards are the first Sectora product running on Ethereum mainnet. Holders can deposit #SECT at sectoraorg.com/staking and earn 14.9% APY. 

Rewards accrue every second, with no lock-up period and no withdrawal penalty. Rewards are paid from a pool of 1,490,000 #SECT that the foundation funded prior to the first deposit. The staking contract code is verified on Etherscan.

Market contextAt about $5 million, #SECT’s market capitalization is a small fraction of those of established networks such as XRP (over $85 billion) and Solana (over $62 billion). Sectora’s whitepaper illustrates that if #SECT reached 1% of those valuations, its price would be $17.14 and $12.53, respectively.

This is an illustrative scenario, not a price forecast or financial advice.

The founders stated that #SECT is not a pump-and-dump token, but one designed for long-term holding. “Sectora is a long-term project, with a fixed supply, a renounced contract, locked liquidity and a public audit,” they said. “We want our community to grow alongside the project, steadily and progressively.”

Official Links Website: https://sectoraorg.com Whitepaper: https://sectoraorg.com/docs Company registration (Illinois, file no. 18523639): https://sectoraorg.com/docs#s02 Uniswap: https://app.uniswap.org/swap?inputCurrency=0xdAC17F958D2ee523a2206206994597C13D831ec7&outputCurrency=0x8C9984B06281f1CA9416e493c2E602AaB08513db&chain=ethereum CoinGecko: https://www.coingecko.com/en/coins/sectora Audit: https://www.cyberscope.io/audits/sect Holder rewards (staking): https://sectoraorg.com/staking About Sectora FoundationSectora Foundation is a company registered in Illinois, United States, that develops security infrastructure for crypto networks and tokenized real-world assets, including smart contract audits, institutional custody controls, continuous on-chain monitoring, and post-quantum cryptography. #SECT is the token of its network.

Disclaimer

This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.

Bitcoin Price Today Below $81000 LIVE: Experts Most Bullish Since 2025 As Whales Short $1.45B

DriveWealth will integrate Ripple's RLUSD stablecoin on the XRP Ledger for brokerage settlement, starting in Europe, with Ripple Payments, custody and Ripple Prime also in scope.

DriveWealth, the brokerage infrastructure provider behind investing apps for more than 100 partners, is integrating Ripple's $RLUSD stablecoin on the XRP Ledger for settlement. The rollout starts in Europe, with the US planned next.

@DriveWealth is also adding @Ripple's cross-border payments product and custody services, and is exploring equity financing through Ripple Prime. Ripple's press release describes the package as covering stablecoin settlement, payments, custody and equity financing.

What the integration coversAccording to Ripple's announcement, the settlement integration will use $RLUSD on the XRP Ledger (XRPL) alongside Ripple's mint and burn capabilities. DriveWealth is also integrating Ripple Payments to support cross-border acceptance of funds from its global partners.

On custody, DriveWealth is working with Ripple to support its digital asset needs in Europe, with plans to expand to additional markets over time. Separately, DriveWealth and Ripple Prime are exploring equity financing opportunities through Ripple Prime's Delta One business, which Ripple says covers US equities and equity derivatives.

The exploratory equity financing element is less settled than the other components. DeFi Prime noted that the release does not tie custody expansion to the US settlement plan, so partners cannot assume both products will reach each market at the same time.

Why it matters for 24/5 tradingThe aim is to narrow the gap between extended-hours trading and slower bank funding. FinanceFeeds reported that the integration is designed to let clients fund collateral accounts outside conventional banking hours. DriveWealth supplies brokerage infrastructure to fintechs, digital wallets and financial institutions that offer access to US markets, and its European affiliate is MiFID II licensed to provide securities trading and custody services across the European Economic Area, according to the same report.

"We've already enabled 24/5 trading; now we need the funding to match, so clients can move with the markets instead of waiting for them," said DriveWealth CEO Naureen Hassan in the announcement.

The companies intend for clients to fund and manage collateral accounts with stablecoins that can be converted to cash in near real time, which could reduce the capital held idle while awaiting traditional bank transfers, CryptoSlate reported.

No timeline has been given for the US phase of the settlement rollout.

SourcesRipple: DriveWealth and Ripple Partner to Bring Institutional Digital Asset Infrastructure to Global Investing

FinanceFeeds: DriveWealth Taps RLUSD to Fund Accounts Outside Bank Hours

CryptoSlate: Ripple targets trillion-dollar securities markets with new US brokerage and South Korean deals

As the global cryptocurrency market cap gradually recovers to $2.91 trillion at press time following the recent drop, Ethereum [ETH] is quietly stealing the spotlight. 

According to the latest data from Santiment, Ethereum is attracting strong bullish interest, while Bitcoin [BTC] and Ripple [XRP] traders are becoming increasingly cautious. 

Source: Santiment
Ethereum outshines Bitcoin and XRP
The bullish-to-bearish comment chart, which measures how many positive comments an asset receives in comparison to negative ones, shows that Ethereum is currently at 2.05. This means that there are approximately two bullish comments for every bearish comment across X, Reddit, and Telegram for ETH.

At the same time, this also showed growing FOMO (fear of missing out), as traders became optimistic about ETH’s recovery above key support levels, staking demand, and upcoming network improvements. 

This further coincided with AMBCrypot’s recent report, wherein Ethereum-led stablecoin market capitalization grew over the past week, adding $243.4 million. 

Why are Bitcoin and XRP losing steam against Ethereum?
Bitcoin, meanwhile, has a bullish-to-bearish comment ratio of 0.82, meaning bearish comments outnumbered bullish ones. This might have happened because of repeated failures to break above $87,000, a subsequent decline toward $81,000, liquidations of leveraged long positions, and macroeconomic uncertainty that may have weakened market confidence.

Following a similar pattern to BTC, XRP too was sitting at a ratio of 0.92, indicating slightly more bearish than a bullish outlook. And this might be because of its decline of more than 9% over the past week and difficulty reclaiming the $1.40 level that might have added to the negative sentiment. 

Is this a sign of an incoming altcoin season? 
On the other hand, Spot Bitcoin and Ethereum are recording net outflows, while XRP continues to attract capital. According to SoSo value data, Bitcoin spot ETFs have seen $278.37 million in net outflows so far in October, following strong inflows of $2.65 billion in September. 

Meanwhile, Ethereum spot ETFs have recorded even larger outflows of $695.35 million this month, reversing September’s $832.43 million in net inflows. In contrast, XRP spot ETFs have attracted $12.09 million in net inflows in October, following $121.40 million in September. 

Source: SoSo Value
This somewhat gives a hint that the altcoin season might be incoming, which was further supported by the CoinGlass Altcoin Season Index, which stood at 64 as of writing.

Source: Coinglass
In other words, the market is leaning toward altcoin season but has not yet entered the official altcoin season threshold, typically set at 75. However, with Bitcoin’s market dominance standing at 60.39%, up 0.04% over the past 24 hours, Bitcoin still has the upper hand.

Source: Trading View

Final Summary

The bullish-to-bearish comment of Ethereum was at 2.05, meaning two bullish comments for every bearish ones.
Meanwhile, Bitcoin was sitting at a ratio of 0.82, and XRP was sitting at a ratio of 0.92. 

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.

According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million

3 minutes ago

A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.

According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.

3 minutes ago

Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.

The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.

3 minutes ago

StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.

StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs).
AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values.
Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.

3 minutes ago

Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.

According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.

3 minutes ago

South Korean regulators will take firm action against market-disrupting activities.

South Korea’s regulatory authority has stated it will take stern measures to respond to market-disrupting acts, and will stand ready to activate emergency plans if necessary.

3 minutes ago

Evernorth has named Ripple, Kraken, Coinbase, and BitGo as partners to help deploy its 473 million XRP treasury starting in Q4 2026.

Evernorth has announced its first institutional execution partners as the XRP-focused treasury company prepares to put its holdings to work. The company has teamed up with Ripple, Kraken, Coinbase, and BitGo.

Together, they will help Evernorth deploy its 473 million XRP treasury into institutional strategies starting in the fourth quarter of 2026.

Institutional Investment Push
The announcement comes shortly after Evernorth debuted as a publicly traded company on Nasdaq under the ticker symbol XRPN. It is also the first step in a broader plan to generate returns from its XRP holdings instead of simply holding the tokens.

In its official press release, Evernorth said it selected the four partners for their institutional infrastructure, licensing, financial strength, and experience working with public companies and asset managers. The partnerships are expected to provide the support needed to manage XRP investments with proper risk controls, reporting, and counterparty oversight.

The longer-term plan also includes DeFi. As the XRP Ledger develops its native lending and on-chain credit features, Evernorth intends to explore opportunities directly on the network.

Commenting on the development, Evernorth’s founder and chief executive Asheesh Birla said,

“We’re putting our treasury to work. We are beginning with some of the strongest institutional counterparties in the industry, and as the XRP Ledger’s own credit markets come online, we intend to be there with capital on day one. That is how we grow XRP per share over time, and that is how we help the ecosystem grow with us.”

Hugo Jeandesboz, who became the company’s chief investment officer on September 28, has been tasked with leading the deployment program. He previously worked at Coinbase Asset Management as co-CIO, where he led its investment strategies for Solutions.

You may also like:

XRP Hits Wall Street: Here’s How Evernorth’s XRPN Performed on Debut

Big Ripple (XRP) Development as Standard Chartered Goes Live With RLUSD Custody

XRP Faces a Major October 12 Catalyst as Evernorth Debuts on Nasdaq

No Reaction From XRPN or XRP
XRPN had a rough Tuesday. The stock closed at $16.48, which is around 2.54% down from the day before.

The latest news had no effect on the price of XRP either. The crypto asset remained unchanged over the past 24 hours. It was trading below $1.4 at the time of writing.

Tags:

Summary

Nearly $483 million in bitcoin and ether futures positions were liquidated over 24 hours as uncertainty about the Federal Reserve’s next interest-rate decision weighed on cryptocurrency markets.Ether traders bore the brunt of the sell-off, with about $286 million in liquidations as ether fell more than 6 percent to roughly $2,350.Bitcoin declined about 3 percent to around $81,000, while losses spread to smaller tokens including Solana, dogecoin and Zcash.Nearly $483 million in bitcoin and ether futures positions were closed over the past 24 hours as cryptocurrency prices fell Thursday, with ether traders taking the largest hit.

Crypto losses worsened on Thursday morning as uncertainty over the Federal Reserve’s next interest-rate decision weighed on markets. Bitcoin traded around $81,000, down roughly 3% over 24 hours, while ether lost more than 6% to about $2,350. XRP and Solana’s SOL fell around 5%, and dogecoin dropped roughly 6%.

Ether contracts accounted for about $286 million of liquidations, compared with $197 million for bitcoin, according to CoinGlass data checked during Asian morning hours. Ether fell about 6.4% to $2,356, while bitcoin lost roughly 3.2% to trade around $81,000.

Liquidations happen when traders use borrowed money and a price move leaves them without enough collateral to keep their bets open. The exchange closes the position automatically. Someone using $1,000 to control a $10,000 position, for example, can lose their backing on a move of less than 10% against them.

Those closures can add pressure to a falling market, forcing traders out regardless of whether they wanted to sell at that price.

Ether’s damage was larger even though its futures market is considerably smaller.

Outstanding ether contracts totaled about $30 billion, against $52 billion for bitcoin. The liquidation figures measure the value of positions closed, rather than the cash traders personally lost.

The selling reached smaller tokens too. Solana futures recorded about $31 million in liquidations as SOL fell roughly 5.5%. Zcash contracts added nearly $19 million, with ZEC dropping about 13%.

Read More: Bitcoin is back below $81,000 as Fed rate uncertainty weighs

12345678910

Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.

According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million

3 minutes ago

A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.

According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.

3 minutes ago

Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.

The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.

3 minutes ago

StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.

StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs).
AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values.
Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.

3 minutes ago

Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.

According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.

3 minutes ago

South Korean regulators will take firm action against market-disrupting activities.

South Korea’s regulatory authority has stated it will take stern measures to respond to market-disrupting acts, and will stand ready to activate emergency plans if necessary.

3 minutes ago

Remittix defines its final RTX price path before the November launch as Ripple expands XRP Ledger wallet infrastructure and institutional interest grows around Zcash.

MAJURO, Marshall Islands, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Remittix is preparing a $0.46 final RTX presale tier and planned minimum exchange launch price ahead of its scheduled November 24, 2026 market debut.

RTX remains available at $0.28. The move toward $0.46 gives Remittix a defined price path as it approaches its $36 million hard cap and continues PayFi testing.

The latest crypto news puts payments and privacy infrastructure in focus. Ripple is working with Stripe-owned Privy to bring embedded wallets to XRP Ledger, while investment firms pursue regulated Zcash exposure. Those developments support bullish XRP and Zcash price prediction scenarios of $20 and $3,000.

The $0.46 Tier Defines the Final RTX Price Path

Remittix has raised more than $32 million from over 40,000 participants. With the November 24 launch date confirmed, the project now has four visible pre-launch markers: the current $0.28 price, the $0.46 final tier, the $36 million hard cap and the start of public trading.

The planned step to $0.46 would represent a 100% increase from the current $0.28 level before RTX reaches exchanges.

PayFi Connects Crypto With Everyday Bank Payments

The primary Remittix product is PayFi, a crypto-to-bank and bank-to-crypto platform designed for international transfers. A sender can fund an eligible transaction using supported crypto while fiat reaches the recipient through a compatible banking route.

One thousand invited RTX holders can test EUR and USD routes using USDT and USDC across Ethereum, Celo, Base and Polygon. The model targets remittances, freelancers, overseas suppliers and crypto holders seeking a direct route into conventional money.

The wider Remittix PayFi ecosystem includes an iOS wallet with more than 10,000 downloads, Remittix Markets with over $50 million in volume and Remittix Earn, which is approaching release with advertised yields of up to 22% APY.

XRP and Zcash Price Predictions Target $20 and $3,000

Ripple and Stripe-owned Privy are bringing programmable wallets to XRP Ledger. Developers will be able to embed support for XRP, RLUSD and other XRPL assets in payment and automated-commerce applications. Privy says XRP Ledger has more than eight million funded accounts and has moved over $1 trillion in value, strengthening the case behind aggressive $20 XRP forecasts.

Zcash has a separate institutional catalyst. The proposed Winklevoss Zcash ETF would hold ZEC directly, use Gemini for custody and list on Nasdaq under WINK. An affiliated fund has indicated nonbinding interest in buying up to $100 million of shares. Alongside the planned NU7 upgrade and faster block times, that route supports the bullish case for a $3,000 ZEC valuation.

Remittix Brings the Payments Case to an Earlier Stage

XRP targets large-scale value movement and Zcash focuses on private digital money. Remittix brings those themes into a new crypto ecosystem that converts supported assets into usable fiat.

The final presale tier, active PayFi testing and November 24 launch give RTX several near-term catalysts. As buyers compare the best crypto to buy now across payments, privacy and financial utility, Remittix offers earlier-stage exposure backed by a growing suite of working products.

About Remittix

Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.

Website: https://remittix.io

X: https://x.com/remittix

Media Contact

Company: Remittix

Email: [email protected]

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Remittix

Remittix
Source: Remittix

Several major cryptocurrencies including XRP, Chainlink (LINK), Near Protocol (NEAR), and Zcash (ZEC) are currently testing critical support levels after significant declines from their recent highs, with market activity slowing and investors watching for clear signals of reversal or further weakness.

XRP hovers at moving average after declineXRP is trading near $1.346, finding support at the $1.34 moving average following a drop of about 19% from late September’s peak around $1.66. This level has been defended in recent sessions with small lower wicks near $1.31, indicating buyers stepping in to prevent deeper losses.

On the resistance side, the black moving average near $1.38, blue near $1.39, and cyan at $1.42 now form a zone after being lost in early October. A reversal for XRP would need a daily close above $1.39, while continued sideways trading reflects waning trading activity and muted volatility.

XRP has struggled to break through resistance between $1.38 and $1.42, and volume has steadily declined since August, keeping trade momentum limited.

The neutral relative strength index (RSI) near 45 and the fading participation point to an uncertain outlook; for now, XRP remains vulnerable unless buyers can regain lost ground above the $1.39 level.

Chainlink edges lower as support weakensChainlink trades close to $12.46, down approximately 21% from its late-September high near $15.75. The token sits atop short-term moving averages around $12.45, levels which previously underpinned the September rally. However, fading volume and lower highs recorded at $14.30, $13.50, and $13.10 suggest weakening upward momentum.

Recent wicks to $12.05 and $12.20 show attempts at support, yet the subsequent bounces have been subdued. A daily close below $12.05 could trigger a move towards $11.40 and potentially $10.85, the latter coinciding with the 200-day average and mid-September lows. Conversely, reclaiming $13.10 is crucial for any recovery, setting $13.50 and $14.00 as possible next targets.

While Chainlink remains up about 50% from its August base near $8.20, current conditions point to consolidation rather than a bullish continuation.

AssetCurrent Price% Drop from HighKey SupportKey ResistanceXRP$1.34619%$1.34$1.39LINK$12.4621%$12.05$13.10ZEC$1,19930%$1,190$1,285NEAR$4.94—$4.65$5.20Zcash tests crucial support after steep fallZcash is currently priced near $1,199, down roughly 30% in less than three weeks from its late September high near $1,700. The token sits just above its blue moving average at $1,190, a level that has previously prompted minor rebounds from lows of $1,115 and $1,120. However, each attempt to rise has stalled, with buyers unable to push past resistance at $1,230 and $1,285.

Volume has dropped significantly compared to the September rally, and the RSI holds around 45, indicating cooling momentum. Should $1,190 fail to hold, the next line of defense is the orange moving average at $990, about 17% lower.

A daily close above $1,285 would be seen as the first concrete sign that Zcash’s downward slide has ended, whereas a break below $1,190 points towards $990 as the next target.

Despite the recent decline, ZEC has more than doubled from its August base near $500, with longer-term moving averages still trending upwards. The coin faces a key moment, with falling volume suggesting the next significant move is imminent.

NEAR retraces after strong rally, holds supportNear Protocol, a proof-of-stake blockchain focusing on scalability and user experience, is trading around $4.94 after being rejected from the $6.00 level on October 12. The price had tripled from its August base near $1.60 before the reversal.

Buyers are currently watching short-term support near $4.65, followed by $4.30 and $4.00. A daily close below $4.30 would break the sideways range established since late September, potentially pushing price closer to $4.00. On the upside, $5.20 remains a significant hurdle; surmounting this could reignite bullish sentiment towards $5.60 and $6.00.

Technical levels such as $3.95, $3.60, $3.20 and $2.60 have acted as moving average supports during NEAR’s substantial rally, but the asset now faces a normalization period after its rapid gains.

Mini dictionary: Near Protocol is a decentralized smart contracts platform designed for speed, security, and scalability, using sharding technology to process transactions efficiently and lower costs compared to traditional blockchains.

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XRPL Commons has announced early access to the XRP Ledger’s proposed native lending tools at its Oct. 24–25 New York hackathon, with more than 400 builders registered for the 36-hour event while validator voting continues.

Summary

More than 400 builders have registered for the New York event, according to XRPL Commons.
Developers will test lending and vault tools before the proposed amendments reach mainnet.
Four development tracks offer more than $40,000 in prizes and access to incubation.
Activation requires sustained validator support, with no fixed launch date for the lending proposals.

XRPL Commons, the Paris-based nonprofit supporting XRP Ledger development, said participants in its AI & Fintech XRPL Hackathon will build lending applications using test versions of XLS-65 and XLS-66. The organization named Ripple, the XRPL Foundation, Mastercard, Amazon Web Services, Ledger and QuickNode as partners backing the event.

With the amendments still awaiting approval, the organizer said teams will work in a test environment rather than launch native lending products on the main network. Ripple has already made the proposed protocol available for developers to test.

XRP Ledger lending still depends on validator approval
Under the proposed framework, XLS-65 would introduce Single Asset Vaults, allowing several depositors to pool one asset, such as XRP or Ripple’s dollar stablecoin RLUSD. The design gives each depositor shares representing their portion of the pool, according to XRPL Commons.

XLS-66 would use those pooled assets to fund fixed-term loans. As described in the lending proposal, borrowers and designated loan managers would agree on interest, repayment schedules, and other terms, while the ledger would record and manage the resulting credit arrangements.

Rather than require borrowers to lock up assets worth more than their loans, the proposed system relies on credit assessments outside the blockchain. According to the protocol’s design, a first-loss capital buffer can absorb an initial portion of losses when a borrower defaults.

For applications using the proposed features, XRPL Commons said lending could operate directly on the ledger without a bridge to another blockchain or a separately deployed smart contract.

“Developers have an opportunity to bring proven DeFi models to the XRP Ledger—and build financial applications that have yet to move on-chain,” said Odelia Torteman, head of digital assets at XRPL Commons.

Torteman said the proposed vault and lending functions would add a credit layer, creating ways to use XRPL-based assets “without bridges or custom smart contracts.”

As crypto.news reported on Aug. 10, Ripple’s validator backed both lending amendments. Under the network’s amendment rules, however, proposals must maintain support from more than 80% of trusted validators for two consecutive weeks before activation.

XRPL documentation describes that voting process as the mechanism for introducing changes to the core protocol. The hackathon announcement sets no activation date, leaving participating teams to develop against test versions while validators make their decisions.

Lending software changes add defined vault periods
The lending proposals have also undergone changes beyond the original vault and loan framework.

In coverage published on Sep. 18, XRPL developers’ version 3.4.0 lending changes included a separate amendment called LendingProtocolV1_1. According to the release documentation cited in that report, the amendment introduces closed-ended vaults with defined periods for deposits, investment, and redemption.

Under Ripple’s technical documentation, deposits and withdrawals stop during the investment period while pooled assets can fund loans. Redemption begins after that period ends, allowing depositors to recover their share once loans mature.

The documentation also sets out cash-basis accounting, under which new vaults would recognize interest when borrowers pay it rather than count all scheduled interest when a loan begins. The additional amendment remains dependent on the underlying lending architecture and its own approval process.

Commercial developers have announced preparations alongside that work. On Sep. 11, Clearpool outlined its planned XRPL credit expansion, proposing lending products built around the native vault and lending standards.

According to Clearpool’s proposal, Ripple committed capital toward products offering yield opportunities using XRP and RLUSD. An associated arrangement with Cicada Partners would provide RLUSD-denominated working-capital loans to fintech and payment companies, with Cicada handling borrower selection, loan terms, and credit risk.

For U.S. institutions considering RLUSD-based products, Ripple says Standard Custody & Trust Company issues the stablecoin under a limited-purpose trust charter supervised by the New York State Department of Financial Services. The state regulator separately lists Standard Custody as a chartered trust company.

New York teams will compete across four tracks
Alongside Lending & Borrowing, XRPL Commons said the hackathon will offer Protocol Innovation, Agentic Finance and an open category called Why Not.

For the protocol track, the organizer is seeking C++ and systems engineers to work on amendments, client software, and developer tools. A three-day Core Dev Bootcamp will run in New York on Oct. 20–22 before the weekend competition.

The Agentic Finance track will cover infrastructure that allows AI agents to make payments and manage funds on the XRP Ledger, according to the event description. XRPL Commons said developers can use existing ledger functions, including escrow and Credentials, in their applications.

The organizer has opened participation to developers new to XRPL as well as established teams. Its event materials list more than $40,000 in prizes, including dedicated bounties from Mastercard, Ledger, QuickNode and AWS.

Mastercard’s involvement was previously announced on Aug. 26, as reported in Aug. 27 coverage of its New York hackathon sponsorship. Separately, Mastercard announced plans in June to support regulated stablecoin settlement, naming RLUSD and the XRP Ledger among the assets and networks in its expansion.

For the competition, XRPL Commons said mentors and judges will include representatives from the sponsoring companies, Ripple and the XRPL Foundation. Its list also includes t54.ai, Evernorth, Soil, XRPScan, Common Prefix, Sum, Blockvault and the European Business School.

Winning teams can enter XRPL Commons incubation
Beyond the prize competition, XRPL Commons said top teams will receive fast-track access to grants and incubation. The hackathon is scheduled ahead of Ripple’s Swell conference, which runs Oct. 27–29 at The Shed in New York.

“We’re inviting developers and innovators to New York to turn these building blocks into working products over one weekend,” said David Bchiri, president of XRPL Commons.

Bchiri said the organization would support selected projects after the event through incubation and introductions to partners and investors.

Founded in 2023, XRPL Commons says it has incubated more than 70 projects and works with over 5,000 active builders. The nonprofit named ReGolda, Blockvault and MobileWallet among its alumni.

According to the organization, its three-month Make Waves buildathon involved 171 builders and produced 56 mainnet launches. Four participating teams are entering the ninth cohort of its Aquarium incubator, alongside Megawatt, the Paris Blockchain Week hackathon winner that began incubation this month.

Ledger, a leading manufacturer of cryptocurrency hardware wallets, is facing a major security incident as reports reveal its supply chain hack has spread from Southeast Asia to European retailers. Crypto analyst Fto (known as @ftosol) alerted the community, warning XRP holders and other crypto users that devices with embedded LTE-enabled spy chips, originally discovered in Malaysia, have surfaced on store shelves in Europe.

The original attackThe breach originated with CryptoBilis, a Ledger-authorized reseller operating in Malaysia, Indonesia, and the Philippines. Hackers physically tampered with Ledger Nano X hardware wallets before delivery, installing a concealed secondary circuit board beneath the device’s screen. This implant contained an LTE modem and an embedded SIM card.

Once users set up their new hardware wallet, their 24-word recovery phrases appeared on the display. The malicious hardware covertly captured these sensitive words and transmitted them wirelessly via mobile data to attackers. As the private seed phrases were compromised, criminals could access affected wallets remotely from anywhere in the world. Ledger’s own authenticity verification was unable to detect the intrusion since the secure cryptographic chip of the device remained intact and functional.

Blockchain analytics company Bitquery conducted an investigation across multiple chains, including TRON, Bitcoin, Ethereum, BNB Chain, Polygon, and Solana. Their research confirmed more than $100 million in losses, with funds stolen from over 320 wallets.

Mini dictionary: Bitquery, a blockchain analytics firm, specializes in providing tools and services for monitoring on-chain data, tracking transactions, and analyzing blockchain-based activities across multiple networks.

NetworkLosses DetectedTRON, Bitcoin, Ethereum, BNB Chain, Polygon, Solana$100 million+ (combined)The supply chain is compromisedNew evidence indicates the attack on Ledger’s supply chain is much broader than initially reported. Fto posted images exposing devices with unauthorized circuit boards, confirming that the threat is no longer limited to Asia. Devices containing malicious components are now crossing international borders and being offered to unsuspecting consumers in Europe.

Ledger will never recover from this. The entire supply chain is under attack. It’s no longer isolated. It’s everywhere. Reports tied it back to Asia, but the same malware is now being identified in European retail channels. If compromised devices are already crossing borders, this situation demands immediate action.

Members of the crypto community expressed deep concern about the situation. One observer emphasized that the most alarming aspect is the device’s ability to pass Ledger’s official Genuine Check, as only physical inspection can reveal the implanted board. Another user suggested that Ledger’s significant marketing presence may reduce the public visibility of the incident, potentially minimizing news coverage despite the scale of the breach.

The scariest part of this hack is that Ledger’s own verification cannot detect it. Only opening the hardware reveals the compromised component.

What holders should doFto strongly advised users to act without delay and move their assets off affected Ledger devices. Hardware wallets have been widely trusted for secure digital asset storage, but ongoing reports of compromised units have led many investors to reassess their reliance on such devices. Fto concluded that Ledger’s reputation may be permanently damaged by the scale and reach of the current attack.

Ripple, a payments company using blockchain technology, is set for a huge partnership with DriveWealth, a global brokerage infrastructure provider, which is expected to usher in blockchain-based payments, stablecoin settlements, and digital asset custody to traditional financial markets.

As per the announcement, both companies are set to integrate a number of Ripple's institutional products with the global investment infrastructure of DriveWealth.

DriveWealth is a brokerage-as-a-service provider that powers the investing and trading services for over 100 partners globally, ranging from fintechs, digital wallets, and financial institutions providing access to U.S. stock markets.

HOT Stories

Through this new partnership, Ripple's exposure in the traditional financial space may take a massive leap forward by offering a global footprint of investment platforms access to Ripple's blockchain-based infrastructure.

RLUSD to be centralOne of the major aspects of this partnership is the integration of a U.S. dollar-backed stablecoin (RLUSD) for institutional settlements.

DriveWealth will first roll out institutional settlements using RLUSD on the XRP Ledger (XRPL) in Europe before making its way to the U.S. as well.

Ripple's stablecoin minting and burning features will be used for this integration.

The objective here is to enable institutional customers to fund and manage their collateral accounts with stablecoins, which can easily be exchanged for traditional currency in close to real time.

This will help them minimize their dependence on traditional bank transfers, which might take a much longer time to complete, especially if the money is being transferred overseas.

There's a disconnect between U.S. equities settlement, which is cyclical, and cross-border money transfer, which could take a lot more time to complete.

With stablecoins, DriveWealth aims to enable faster capital availability so that clients can fund their trading operations without relying on bank wires.

Apart from payments and stablecoin settlement, this partnership could also offer Ripple's expanding prime brokerage business new avenues.

DriveWealth and Ripple Prime are looking into equity financing opportunities that Ripple Prime's Delta One can offer. 

XRP has faced persistent downward pressure for several months, challenging the resolve of investors who entered at higher price levels. Despite this extended correction, crypto analyst Dark Defender has urged market participants to remain calm, emphasizing that such patterns are part of larger market cycles.

Elliott Wave analysis points to key reversalSharing insights on social media, Dark Defender outlined his Elliott Wave analysis for XRP on the weekly chart. He described the recent decline as Wave 2 in an ongoing bullish cycle, observing this phase as a necessary correction designed to remove weaker holders prior to a potential upward surge.

According to Dark Defender’s technical breakdown, the correction may have already completed its course. His chart suggests an A-B-C corrective structure: Wave (A) bottomed near $1.8, Wave (B) rebounded toward the all-time high at $3.65, and Wave (C) brought the price down to roughly $0.95. This recent low is considered the foundation for the next upward movement.

The turbulence in recent months corresponds to Wave 2, which was anticipated in advance; the structure remains unchanged, but those holding XRP have shifted. A move above $1.5692 will indicate the start of Wave 3.

From that base, Dark Defender counted Wave (1) ending with XRP climbing to $1.68 in late August, followed by a Wave (2) pullback to the $1.29 area. XRP is currently trading near $1.37, leaving it just under a critical resistance level.

Level to watch: The $1.5692 breakoutDark Defender has identified $1.5692 as the decisive point for the next upward phase. This level aligns with the 85.4% Fibonacci extension, and a sustained move above it would mark the official start of Wave 3 in the Elliott Wave sequence.

Typically in Elliott Wave theory, Wave 3 tends to be the longest and strongest in a five-wave structure, making the $1.5692 level particularly significant for traders and analysts.

Projected targets and technical momentumDark Defender’s chart offers a set of Fibonacci-based targets for the anticipated move. Wave (3) targets the 361.80% extension at $7.0786. If achieved, a subsequent retracement in Wave (4) could bring XRP back to around $4.1043. The analysis then maps Wave (5) to a 427.20% extension, setting a target near $10.1101.

Momentum indicators appear to support this outlook. The weekly RSI has rebounded from deeply oversold territory and continues to advance without yet reaching overbought conditions, suggesting further room for upside.

Wave 3 is expected to be the most forceful phase in the sequence, and a close above $1.5692 would confirm its onset, with targets mapped through Fibonacci extensions.

With so much hinging on precise technical levels and the ever-present impact of macro events, traders increasingly seek integrated platforms for fast decision-making. In a market where a single Fed decision or an altcoin listing can rapidly shift conditions, the inefficiency of switching between multiple apps is becoming costly. Many investors are adopting privacy-focused tools like CryptoAppsy to streamline trading, portfolio monitoring, news, and macro data—delivering all relevant information without even requiring an account setup.

Evernorth Holdings has brought Ripple CEO Brad Garlinghouse on board as a strategic advisor. The Nasdaq-listed company, which trades under the ticker XRPN, has built its entire business around holding XRP.

Garlinghouse is not arriving alone. Ripple executive Stuart Alderoty and former Ripple CTO David Schwartz are also joining in advisory roles.

Who’s joining and why it matters
The appointments were made public in January 2026. According to the company, the advisors are meant to keep Evernorth closely aligned with the broader XRP ecosystem while maintaining Evernorth’s operational autonomy.

The treasury behind the ticker
Evernorth came together through a business combination with Armada Acquisition Corp. II, a special purpose acquisition company. The deal was formed in October 2025.

Through that process, Evernorth raised over $1 billion. Of that total, $200 million came from Japanese financial group SBI Holdings.

The company holds approximately 473 million XRP on its balance sheet. Those holdings were valued at approximately $648 million at the time that figure was reported.

Evernorth’s playbook has a few parts. It buys XRP on the open market, aims to generate yield through institutional strategies, and plans to participate in on-chain activity as the XRP Ledger develops.

The partnership web
To put that treasury to work, Evernorth has lined up partnerships with Ripple, Kraken, Coinbase and BitGo. The goal is to deploy its XRP into institutional strategies.

The company is also working with Doppler Finance. That collaboration is intended to strengthen liquidity and treasury management on the XRP Ledger.

Overseeing all of this is CEO Asheesh Birla, a former Ripple executive. Birla played a key role in expanding Ripple’s cross-border payments business.

Background: the rise of the crypto treasury company
Evernorth positions itself as a regulated public-market vehicle, differentiating itself from direct token investments. The company describes its focus as institutional treasury creation, blending traditional finance with crypto-native investment approaches.

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

Evernorth has selected Ripple, Kraken, Coinbase, and BitGo to support investment strategies using its 473 million XRP treasury, with initial deployment planned for the fourth quarter of 2026.

Summary

473 million XRP forms the treasury from which Evernorth plans to deploy investment capital. Four institutional partners will support the company’s XRP accumulation and investment activities. XRP Ledger lending strategies will depend on validator activation and a proven production record. Chief investment officer Hugo Jeandesboz will oversee allocation, liquidity and counterparty relationships. Evernorth announced on Oct. 14 that it plans to generate earnings from its holdings while continuing to accumulate XRP, pursuing an increase in the number of tokens held per share.

Under the company’s announced terms, the partnership agreements remain subject to customary closing conditions and any required regulatory and corporate approvals. Evernorth described an initial institutional investment phase, followed by potential participation in lending and credit markets on the XRP Ledger.

“We’re putting our treasury to work,” founder and CEO Asheesh Birla said.

Evernorth plans institutional XRP investments before on-chain lending For the first stage, Evernorth said its investment and risk team will oversee strategies conducted through established institutional counterparties. The company selected Ripple, Kraken, Coinbase and BitGo based on their infrastructure, licenses, financial resources and experience serving public companies and asset managers.

According to the announcement, the partnerships are intended to support earnings generation with controls, reporting and counterparty standards suitable for a Nasdaq-listed business. Evernorth also plans to allocate treasury capital directly to decentralized markets once the XRP Ledger’s native lending and credit capabilities have received validator approval and demonstrated reliable operation.

Birla tied the program to the company’s goal of increasing XRP per share, saying Evernorth intends to supply capital when the ledger’s credit markets become available. The company’s announcement presents institutional investment and decentralized finance as successive parts of its treasury strategy.

The investment mandate was already outlined in Evernorth’s merger disclosures. As crypto.news reported on Oct. 10, the company’s completed Armada merger left it with approximately 473 million XRP and about $300 million in gross cash proceeds before transaction expenses.

In those disclosures, Evernorth identified tokenized assets, on-chain credit markets and settlement infrastructure as areas where it intended to provide capital. Its closing announcement named Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR among the investors supplying cash and digital assets.

Nasdaq shares provide corporate exposure to the XRP treasury With Evernorth now trading under XRPN, U.S. stock-market investors can purchase equity in the company that owns and manages the XRP holdings.

A Sep. 30 report examining the XRP treasury’s ownership structure explained that shareholders own corporate equity rather than a direct redemption right for a fixed number of XRP. According to that proxy-based analysis, the exposure behind each share also depends on outstanding shares, liabilities, financing, and transaction costs.

The same report detailed how Evernorth assembled its projected treasury through purchases and contributions. The definitive proxy identified 126,791,458 XRP contributed by Ripple, approximately 211.32 million XRP associated with the sponsor, and a separate 50 million XRP related-party contribution.

Within the proxy’s projected total, roughly 84.37 million XRP had been acquired for $214 million at an average price of approximately $2.53657 per token. Advance and delayed contribution arrangements accounted for another 800,000 XRP, according to the disclosed components.

Before the combination closed, Evernorth revised its listing timetable. An Oct. 7 report covered the company’s revised Nasdaq trading schedule after an administrative issue moved the expected closing from Oct. 7 to Oct. 9 and the planned trading debut from Oct. 8 to Oct. 12.

In its Oct. 6 update, the company said the administrative delay was not expected to prevent completion. Armada shareholders had approved the business combination at their Sep. 30 extraordinary general meeting, according to the accompanying SEC disclosure.

Jeandesboz oversees treasury allocation and trading relationships To manage the investment program, Evernorth appointed Hugo Jeandesboz as chief investment officer on Sep. 28. In an Oct. 12 announcement, the company said he reports to Birla and leads treasury allocation, liquidity management and active management of its XRP holdings.

According to the appointment release, Jeandesboz also serves as the senior contact for trading counterparties and custodians. He previously worked as co-chief investment officer at Coinbase Asset Management, where he led its Solutions business and managed tailored investment strategies for institutional clients.

Before that role, the company said, he was Coinbase’s lead derivatives trader, covering options, futures and on-chain markets. His earlier experience included interest-rate derivatives trading at HSBC in New York and fixed-income and quantitative trading roles at Société Générale.

In the partnership announcement, Jeandesboz said the four selected firms satisfy Evernorth’s counterparty requirements and that the same risk discipline would govern future on-chain investments.

Convertible financing permits further XRP purchases Separate financing documents also provide for capital that can support token purchases. A Sep. 21 report detailed Evernorth’s convertible debt financing terms, covering an agreement to issue $30 million in senior unsecured notes with a 4% annual payment-in-kind interest rate.

According to the SEC-filed agreement, Evernorth signed the purchase arrangement on Sep. 11 with NH Investment & Securities, acting as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3. Issuance and payment were scheduled to occur alongside completion of the business combination.

The disclosed permitted uses include general corporate purposes, XRP purchases and activities within the XRP ecosystem. Under the financing terms, interest is added to principal and compounds semiannually, with maturity scheduled for 2031 unless the notes are converted, redeemed, or repurchased earlier.

Holders receive conversion rights beginning one year after the effectiveness date, according to the agreement. The initial rate is 98.03921 Class A shares per $1,000 of principal, equivalent to approximately $10.20 per share.