Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
ZKsync says it has built the first Ethereum prover that can generate proofs in real time on a single GPU. Ethereum co-founder Vitalik Buterin responded two days later with praise, and with homework.
The system is called Airbender Prime, and ZKsync announced it on October 13, 2026. Buterin publicly commended the team on October 15, 2026. He also argued that the focus should now move toward verifying zkEVM security, including system correctness and limits on how much proving can cost.
What Airbender Prime actually did ZKsync’s headline numbers come from a single NVIDIA RTX PRO 6000 Blackwell GPU. Across 7,200 Ethereum mainnet blocks, Airbender Prime proved 99% in under 10 seconds. Every block in the set was proved within 12 seconds.
The result places Airbender at the top of the ETHproofs.org public leaderboard, where it leads on proving time, GPU efficiency and cost-effectiveness.
A prior iteration of Airbender posted 21.8 MHz of throughput on an H100 GPU. The new version moves the conversation from raw throughput figures to something more tangible: keeping up with live Ethereum blocks on hardware you could plausibly buy.
Under the hood, Airbender relies on hash-based STARKs, a family of proof systems that ZKsync describes as secure against quantum attacks. It is built on RISC-V, an open instruction set standard, and its components are open source.
Buterin’s verdict: speed is solved, safety is next Buterin did not hedge on the performance side. He framed the race to make proving fast as effectively over.
“Speed battle… definitively won”
Then he pivoted. According to his comments, the next priority should be formal verification that the prover faithfully matches Ethereum’s specifications. He also called for bounds on prover costs tied to gas fees.
How Airbender fits into ZKsync’s roadmap Airbender is not arriving in isolation. It follows ZKsync’s earlier Atlas upgrade, part of a broader push to expand what Ethereum can handle.
The prover is already running across ZKsync’s supported chains. It was designed to operate efficiently on commodity hardware, with both institutional operators and independent participants in mind.
What this means for Ethereum and its scaling race On trust, Buterin’s comments effectively reset the scoreboard. The things to watch from here are fairly clear: progress on formal verification of Airbender against Ethereum’s specifications, any published work on prover cost bounds relative to gas, and whether rival zkEVM teams close the gap on the ETHproofs.org rankings.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Vitalik Buterin posted on social media to congratulate the Airbender team, stating that the speed race has come to a complete end, and the top priority for zkEVMs should fully shift to security. He noted that this requires formal verification of the following: the equivalence between arithmeticization and Ethereum specifications, a hard upper limit on the ratio of proof cost to block gas limit, and proof of the system’s own security.
Arthur Hayes posted on social media that if AI trading eventually crashes, it could trigger a trillion-dollar-scale market bailout, a scenario that would drive up Bitcoin and Ethereum’s prices. “Will AI eventually crash? I don’t know, and I won’t bet on either side. Instead, just trade for that upcoming trillion-dollar-scale market bailout: go long on BTC and ETH.”
A whale sold 1,074.36 bitcoins (BTC) for $89.5 million in three days, then bought 36,159 Ethereum (ETH) for $90.6 million, according to Lookonchain on October 14, 2026. What does this transaction really hide?
In brief 1,074.36 BTC sold ($89.5 million) in three days by a whale, according to Lookonchain, October 14, 2026. 36,159 ETH bought ($90.6 million) by the same whale, an apparent ratio of 33.7 ETH for 1 BTC. Two detailed batches: 410.14 BTC during the night of October 11 to 12, then 229 BTC on October 12. 145 addresses grouped under the BTC-to-ETH Whale label by Arkham Intelligence. What is this Whale Doing by Selling Bitcoin to Buy Ether? It is replacing its bitcoin with ether, step by step. According to Lookonchain, a whale sold 1,074.36 BTC ($89.5 million) and bought 36,159 ETH ($90.6 million) over three days, as of October 14, 2026. The operations are done in batches. On the night of October 11 to 12, Lookonchain reported 410.14 BTC sold on Hyperliquid ($34.16 million), then 14,341 ethereum bought on decentralized platforms ($36.14 million). On October 12, 229 BTC ($19.1 million) were exchanged for 7,469.8 ETH ($19.1 million).
PeriodBTC soldETH boughtSourceNight of 10/11 to 10/12/2026410.14 BTC ($34.16 M)14,341 ETH ($36.14 M)Lookonchain10/12/2026229 BTC ($19.1 M)7,469.8 ETH ($19.1 M)LookonchainRemaining cumulative, not detailedabout 435 BTC ($36.2 M)about 14,348 ETH ($35.4 M)Cointribune CalculationCumulative over three days, as of 10/14/20261,074.36 BTC ($89.5 M)36,159 ETH ($90.6 M)LookonchainSource: Lookonchain posts on X (October 12 and 14, 2026) and on lookonchain.com, Arkham Intelligence data. Imagine a traveler exchanging euros for dollars at the airport: he hasn’t spent anything, he just changed currency. Here, this traveler handles millions. Arkham snapshots show exchanges in batches around $2 million in USDC. This split can limit the effect on the price, without guarantee that it is nil.
At what Price did the Whale Exchange its Bitcoin? At the market rate, according to our calculations. From one batch to another, it obtained between 32.6 and 35.0 ETH for each BTC sold. At the opening of October 13, the market was trading around 33.4 ETH per BTC, or $81,754 per bitcoin against $2,444 per ethereum, according to Yahoo Finance. That same day, ether opened down 3.6% on Monday, against 2.3% for bitcoin. The three-day period apparently includes this session, but Lookonchain does not specify when the whale bought.
No one knows who this whale is. Lookonchain talks about a mysterious whale without giving an identity, and the analysis platform Arkham Intelligence has made a labeled entity BTC-to-ETH Whale, grouping 145 addresses. Arkham tracks movements on the blockchain, reading addresses and amounts, never a name or ID. Lookonchain summarizes the situation in a message posted on X:
This mysterious whale continues shifting from $BTC to $ETH.
What do we Really Know About this Operation? We know what was exchanged, not why. The amounts come from Lookonchain and Arkham, two tools that read the blockchain without being able to identify the owner. The motive, the follow-up, and the identity remain unverified. A bitcoin sale followed by an ether purchase shows a changed exposure, not proven conviction. Among other things, rebalancing, trading or another position remain possible.
Especially since exchanging bitcoin for ether does not protect against a decline, as both remain risky assets. The movement of a single whale with $90 million as of October 14, 2026 proves nothing about the direction of the crypto market.
Without a new batch, this operation will simply be that of a whale exchanging bitcoin for ethereum. Except that right now, when the crypto market awaits inflation data and a Fed rate cut, this kind of operation could probably cause panic.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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
2 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.
2 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.
2 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.
2 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%.
2 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.
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.
US spot Bitcoin ETFs posted $261.4 million in net outflows on October 14, according to daily tracking data from Farside Investors.
One fund broke from the pack. Bitwise’s BITB took in $2.2 million while the two largest products in the category bled cash.
Bitcoin’s funds weren’t the only ones hit. Spot Ethereum ETFs recorded $130 million in net outflows on the same day, so this was a broad retreat rather than a single-asset story.
Two heavyweights did most of the damage
Fidelity’s FBTC led the redemptions with $152.7 million heading out the door. BlackRock’s IBIT followed with $110.9 million in withdrawals.
Put those two together and you get $263.6 million. That is actually more than the net figure for the whole group.
The gap comes from BITB. Its $2.2 million inflow trimmed the combined FBTC and IBIT losses down to the $261.4 million total. The arithmetic suggests the rest of the field was roughly flat for the day.
Farside tracks net creations and redemptions across 12 US spot Bitcoin ETFs. On October 14, BITB was among the very few with a positive number.
October keeps changing its mind
The October 14 outflows land in a month that has swung hard in both directions.
On October 7, Bitcoin ETFs saw nearly $487 million pulled out, the standout withdrawal day of the month so far. Then on October 13, the same group of funds attracted $175.7 million in net inflows.
One day later, the money was leaving again.
That back-and-forth matters because ETF flows don’t stay on paper. When investors pour money in, the fund creates new shares and has to acquire Bitcoin to back them. When investors cash out, shares get redeemed, and that often means the fund sells some of its holdings.
So a day of $261.4 million in net redemptions can translate into actual selling pressure in the spot market.
A big pool with a choppy surface
US spot Bitcoin ETFs launched in January 2024 and quickly became a major on-ramp for institutional money.
Since launch, the products have gathered cumulative net inflows of more than $54 billion. Collectively, they hold assets worth approximately $100–107 billion as of mid-October.
Against that backdrop, a single $261.4 million outflow day is a modest dent. It represents well under 1% of total assets, even at the low end of that range.
Bitcoin itself has been trading in the low-to-mid $80,000 range during this stretch.
What this means for investors
The concentration of outflows in FBTC and IBIT is worth watching. These are the biggest funds by assets, so they naturally see the largest dollar moves in both directions. A heavy redemption day from them carries more weight for spot market supply than a similar percentage move in a smaller fund.
The Ethereum side deserves attention as well. A $130 million net outflow from spot Ether ETFs on the same day suggests the caution wasn’t confined to Bitcoin. When both major crypto ETF categories bleed simultaneously, it usually points to a broader risk-off mood rather than an asset-specific concern.
With more than $54 billion in cumulative net inflows since January 2024, the long-term structure of the Bitcoin ETF market looks intact. The short-term flows, however, show that even a $100 billion-plus asset base can move in noticeably different directions from one day to the next.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Asset manager VanEck has asked the U.S. Securities and Exchange Commission (SEC) to withdraw its proposed Lido Staked Ethereum ETF registration, ending plans for a fund designed to hold Lido’s stETH token and earn Ethereum staking rewards.
Summary
VanEck requested withdrawal of its proposed Lido Staked Ethereum ETF through an October 14 SEC filing. The asset manager originally submitted its registration statement on October 16, 2025, seeking regulated stETH exposure. VanEck confirmed the proposed fund never issued shares, sold securities, or distributed a preliminary prospectus. The planned ETF would have held Lido stETH while accumulating rewards generated through Ethereum staking. The withdrawal request gave no detailed explanation for ending the offering or announcing replacement fund plans. VanEck Digital Assets confirmed the decision in an October 14 filing, nearly one year after submitting the original registration statement on October 16, 2025. The company said it no longer intends to offer shares in the proposed fund and confirmed that no securities were issued or sold. The filing did not disclose what prompted the decision.
The withdrawal request concerns the VanEck Lido Staked Ethereum ETF, a proposed investment product that would have allowed investors to gain exposure to Ethereum staking through shares held in traditional brokerage accounts.
In its filing, VanEck Digital Assets asked the SEC to withdraw the fund’s registration statement, including its subsequent amendments and supporting exhibits.
The company submitted the request under Rule 477 of the Securities Act of 1933. The rule provides a procedure for withdrawing certain securities registration statements with the regulator’s consent.
VanEck explained that it “does not intend to proceed with the planned distribution” of the fund’s shares.
The asset manager confirmed that the registration statement had never become effective. It stated that no shares had been issued or sold and that investors had not received a preliminary prospectus.
As a result, the proposed fund never began operating as a publicly offered ETF. No existing shareholders need to redeem investments because the offering did not proceed.
The filing requested that the SEC approve the withdrawal effective October 14 or at the earliest practicable date afterward.
VanEck did not identify a replacement investment product or explain whether it intends to return with another ETF linked to Lido’s staking tokens.
The document was signed by Matthew A. Babinsky, vice president of VanEck Digital Assets, and submitted under registration number 333-290918.
What would VanEck’s Ethereum ETF have offered? VanEck originally filed its registration statement on October 16, 2025, proposing an ETF that would hold stETH, the liquid staking token issued through the Lido protocol.
The fund’s investment objective was to track the price of stETH after accounting for operating expenses.
Unlike conventional spot Ethereum ETFs that primarily hold ETH, VanEck’s proposed product would have held tokens representing Ethereum already deposited into Lido’s staking system.
Staking allows participants to help secure Ethereum’s network and receive rewards for supporting its transaction validation process.
Through Lido, users can deposit ETH and receive stETH representing their underlying deposits and accumulated staking rewards.
The token uses a rebasing mechanism, meaning holders can receive additional stETH over time as the underlying Ethereum staking position earns rewards.
VanEck’s original prospectus explained that the fund expected to accrue certain staking rewards through its ownership of stETH.
However, those rewards were not guaranteed. The filing described risks involving validator penalties, smart contracts, liquidity and changes in the market value of Ethereum.
The proposed ETF would have tracked stETH through a benchmark developed by MarketVector, an affiliate of the asset manager.
VanEck intended to operate the product as a passive investment vehicle. Its prospectus said the fund would not attempt to predict market movements or actively trade stETH to avoid losses.
The original registration left certain operational details unfinished, including the proposed exchange ticker and named custodians.
The fund was therefore still in the registration process when VanEck decided to abandon the planned offering.
Lido welcomed VanEck’s original ETF application VanEck’s withdrawal follows an earlier announcement from the Lido ecosystem supporting the proposed investment product.
In October 2025, the Lido Ecosystem Foundation welcomed the original ETF application, describing the proposal as an opportunity to bring liquid staking exposure into traditional investment markets.
Kean Gilbert, head of institutional relations at the foundation, said the filing showed growing interest in staking products that could meet institutional investment requirements.
He described liquid staking as an important part of Ethereum’s infrastructure and pointed to Lido’s existing role in providing staking services.
At the time, Lido reported that users had earned more than $2 billion in staking rewards through its protocol since launch.
The organization placed the total value locked in the protocol near $40 billion in its October 2025 announcement. The figure represented the protocol’s position at that time, not a current valuation.
The earlier VanEck ETF application linked to Lido’s staked Ether followed the company’s October registration of the proposed trust.
An earlier Lido price rally following VanEck’s trust registration saw the LDO governance token gain approximately 7%, with trading activity increasing after the initial announcement.
However, LDO and stETH serve different purposes. LDO is the governance token associated with the Lido protocol, while stETH represents Ethereum deposited into the staking system.
VanEck’s proposed fund would have held stETH, not LDO.
The October 14 withdrawal filing provided no market data or explanation linking the decision to either token’s price performance.
SEC had previously clarified rules for liquid staking The abandoned ETF proposal followed regulatory guidance addressing certain cryptocurrency staking activities in the United States.
In August 2025, the SEC’s Division of Corporation Finance published a staff statement examining whether particular liquid staking arrangements involved securities transactions.
The guidance explained that certain activities involving the deposit of crypto assets and issuance of staking receipt tokens may fall outside federal securities registration requirements, depending on their structure.
The SEC staff distinguished administrative staking services from arrangements involving managerial or entrepreneurial efforts that could create investment contracts.
The statement did not provide blanket approval for all liquid staking products or automatically authorize ETFs holding staking tokens.
As covered in earlier reporting on the SEC’s liquid staking guidance, the staff’s position applied to arrangements meeting specific conditions.
VanEck’s October 2025 prospectus discussed the guidance and stated that the sponsor believed its planned staking activities were consistent with the SEC staff’s interpretation.
The prospectus acknowledged that a different regulatory interpretation could create legal risks for the proposed fund and its service providers.
VanEck had pursued other staking-related investment products during the same period.
In August 2025, the company submitted a registration statement for a proposed ETF linked to JitoSOL, a liquid staking token associated with the Solana network.
The earlier VanEck JitoSOL ETF application sought exposure to staked Solana through a traditional investment structure.
The October 14 withdrawal concerns the Lido Staked Ethereum ETF registration specifically. The document does not request withdrawal of VanEck’s other cryptocurrency fund applications.
The original Lido ETF application remains identifiable through SEC registration number 333-290918. VanEck’s latest filing asks the regulator to withdraw that registration statement and its amendments under Rule 477, confirming that the planned securities offering never became effective.
KR1 plc (LSE: KR1), a London Stock Exchange-listed onchain infrastructure company that owns and operates productive digital assets across the networks powering the convergence of AI and crypto, today announces the launch of its own Ethereum validators, with a near-term target of staking up to 6,000 ETH.
KR1’s validators operate in a dedicated Lido stVault run by P2P.org. KR1 retains control over deposits and withdrawals, the validator fee arrangement, and vault roles and permissions, while having the option to mint stETH for liquidity.
The Institutional Staking TradeoffStaking ETH has historically required a compromise between liquidity and control. Direct staking offers operator selection and potentially stronger validator outcomes, but leaves capital illiquid: withdrawals must clear the Ethereum exit queue, which can stretch to weeks when exits surge. Traditional liquid staking offers immediate liquidity, but removes operator choice and averages validator performance across a broad pool.
stVaults resolve the native staking versus pooled staking tradeoff, letting stakers tap into stETH liquidity while keeping control over validator selection and attribution.
The case of KR1, a publicly listed company selecting stVaults infrastructure to run its Ethereum validators, demonstrates this in practice.
Why Lido stVaultsUnparalleled liquidity: By enabling the minting of stETH against assets held in staking vaults, stVaults allow optional liquidity alongside staked ETH.DeFi ecosystem adoption: Broad support for stETH and wstETH across the DeFi ecosystem lets institutions deploy liquidity efficiently while continuing to earn staking rewards.Security of the Lido protocol: Lido’s battle-tested, audited infrastructure provides an institutional-grade security foundation. Lido has received Web3SOC certification with a Grade A by Cantina.Integration & Security ApproachStandard Ethereum staking risks apply; for the full breakdown, see Lido’s Risk Assessment Framework for stVaults.
The following measures have been implemented to support the security of Lido V3 and the KR1 x P2P.org stVault*:
Smart contracts: Lido V3 stVaults smart contracts have undergone audits by Certora (including formal verification), MixBytes, Consensys Diligence, Composable Security, Ackee Blockchain, and Sigma Prime. An ongoing Immunefi bug bounty offers white hats up to $2M in rewards.Built-in operational controls: The stVaults’ design gives Vault Owners end-to-end control of the funds in the vault: supply/withdraw ETH, mint/repay stETH, monitor vault health parameters and metrics, trigger ETH withdrawals from validators, perform rebalancing, and disconnect from the Lido protocol.* Audits, bug bounties, and operational controls are intended to reduce but do not eliminate underlying protocol or market risks. Additional risks may remain or be unidentified.
Next StepsThe launch begins with an initial set of 10 validators, with rollout timing dependent on Ethereum’s validator entry queue.
Further ReadingPress ReleaseLido V3 DocumentationLido V3 WhitepaperLido V3 & stVaults
Dogecoin [DOGE] usually has the crowd on its side. Right now though, it’s crickets.
Here’s a quick look at what’s happening.
$540K just bled out of Dogecoin ETFs
Not too long ago, Dogecoin ETFs were on a three-week inflow streak. October has been brutal, though.
Per data from SoSoValue, spot DOGE ETFs haven’t recorded a single day of inflows this month. From October 1 to 9, nothing moved at all.
Source: SoSoValue
Then the outflows started. Close to $400K left the funds on the 12th. Another $138,570 followed the very next day.
That’s about $540,000, gone in two days.
Total net assets was near $17 million at the start of the month. Now they’re down to $14.44 million.
Dogecoin price dropped 14% this month, but…
DOGE spent the first week holding around $0.095. Then it fell on the 7th, and just kept sliding. At press time, it was near $0.0824.
That’s 14% in just the last week!
Source: TradingView
Things weren’t all that bad, though. There was one recovery attempt on the 12th, when DOGE went up to $0.088. However, the token fell quick, with a knock back down to $0.080 on the 13th.
And it’s not just the price. RSI too, was below its signal line; supporting the price fall. CMF was at -0.30, after dropping close to -0.90 earlier yesterday.
Source: Coinalyze
Futures positioning told a slightly different story. Open Interest climbed to roughly $652 million on October 12 before falling to $598 million the following day. It later recovered modestly to $609 million.
Funding, however, remained positive at 0.0088%, meaning traders holding long positions were still paying shorts.
That suggests some bullish exposure remained despite DOGE’s decline, although the fall in Open Interest shows that overall futures positioning had already weakened.
The $0.080 level is now worth watching. A break below it could put additional pressure on bullish traders, particularly if Open Interest begins falling again.
Final Summary
Dogecoin price fell about 14% in October. Key level to note is $0.080; losing it means further freefall.
DOGE spot ETFs have seen no inflows this month; over $540K has flown out in the last couple of days!
Leading cryptocurrencies sank alongside stocks on Wednesday as higher-than-expected consumer inflation raised rate hike odds.
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:28 p.m. EDT)Bitcoin (CRYPTO: BTC)-1.90%$81,549.33
Ethereum (CRYPTO: ETH)
-3.30%$2,412.39XRP (CRYPTO: XRP) -2.90%$1.32Solana (CRYPTO: SOL) -2.40%$104.14Dogecoin (CRYPTO: DOGE) -3.30%$0.08143Crypto Market PressuredBitcoin dropped sharply from $83,000 into the low $81,000s, while Ethereum fell below $2,400.
Cryptocurrency-linked stocks also plummeted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.87% and 5.28%, respectively.
The cryptocurrency market saw over $450 million in liquidations in the last 24 hours, almost $400 million of those being bullish long bets, according to Coinglass data.
Bitcoin’s open interest spiked 1.41% over the last 24 hours. An increase in open interest, accompanied by a drop in the asset’s price, typically indicates that short sellers are actively entering the market and selling contracts.
Top Gainers (24 Hours)
CryptocurrencyGains +/-Price (Recorded at 9:28 p.m. EDT)Pyth Network (PYTH) +6.0% $0.08422Bitway (BTW) +3.50% $2.34Figure Heloc (FIGR_HELOC) +1.30% $1.04The global cryptocurrency market capitalization stood at $2.84 trillion, contracting by 2.20% in the last 24 hours.
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Stocks Drop After Hot Inflation ReportStocks extended the decline on Wednesday. The Dow Jones Industrial Average shed 48.62 points, or 0.09%, to close at 51,621.48. The S&P 500 slipped 1.11% to end at 7,718.94, while the Nasdaq Composite fell 1.88% to close at 26,692.87.
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Consumer Price Index rose from 3.4% to 3.7% year-over-year in September, above the 3.6% economists expected. Core CPI also came in above expectations at 2.6%.
Investors still assign a 75% probability that rates will remain unchanged in October, while the odds of a quarter-point cut in December stand at 66%, according to the CME FedWatch tool.
Bullish Mood IntactOn-chain analytics firm CryptoQuant reported that the majority of analysts are now bullish on Bitcoin, citing its Analyst Consensus Index.
“84% of 164 analysts are now bullish, up from 37% in July. That’s more than at the same stage of the 2023 bull market, after half the price gain,” the firm added.
Daan Crypto Trades, a widely followed trader and chartist, notes Bitcoin has been range-bound around a major horizontal support and resistance near $82,000 for roughly 50 days, with choppy intraday action
“This was a very choppy time period last quarter in July as well,” the analyst added. “We’ll see a decisive break and move again soon enough.”
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to an investigative report by The Wall Street Journal, during the period when former White House crypto advisor Bo Hines was pushing the GENIUS Act, Nxum, a consulting firm he co-founded and held shares in, established business ties with Tether. Citing internal documents, communications, and payment receipts, the report states that Tether paid over $6 million to Nxum, which was distributed among three partners. Although Hines stepped away from daily operations, he still discussed the bill with partners via Signal during his tenure. After the bill was signed into law in July 2025, he left his position in August and was appointed CEO of Tether’s U.S. stablecoin business in September, with the relevant connections raising questions about potential conflicts of interest.
Tether sent approximately $6.3 million to a consulting firm co-founded by Bo Hines, according to The Wall Street Journal. At least part of that money moved while Hines was still working in the White House.
Hines later joined Tether and now runs its US operations. The sequence is drawing conflict-of-interest scrutiny, because Hines helped advance the stablecoin law that now governs companies like his new employer.
What the Journal found
The firm is called Nxum. The Journal reported that Hines co-founded it and held a one-third ownership stake throughout his time in government.
Tether’s payments to Nxum came under a deal brokered in May 2025. The first payment landed while Hines still held his government post.
His job at the time was executive director of the White House’s digital assets council, a role he held from January to August 2025.
The Journal’s reporting draws on internal documents and payment records.
During that same stretch, Hines was a prominent advocate for the GENIUS Act. The bill set federal rules for dollar-pegged stablecoins, and President Trump signed it into law in July 2025.
Tether is the issuer of USDT, the largest stablecoin. A federal stablecoin framework therefore lands directly on its business, deciding who can issue these tokens in the US and on what terms.
From the council to the corner office
Hines left the White House in August 2025. That same month, he joined Tether as a strategic advisor.
By September 2025, he was named CEO of Tether’s US operations, with a mandate focused on expanding the company’s presence in the country.
Nxum has pushed back on that reading. The firm says Hines had no involvement with Tether while he was serving in government.
The research also indicates Hines took part in discussions about the GENIUS Act during a period when he was not active in Nxum’s operations. That distinction appears to be central to the defense: he owned a piece of the firm, but he was not running it.
What this means for Tether and stablecoin regulation
The GENIUS Act was sold as a framework built to bring order and credibility to stablecoins. A story suggesting that a key promoter had financial ties to a major issuer while the law was being shaped could hand critics fresh ammunition.
For Tether’s US ambitions, timing is awkward. The company is trying to build a domestic footprint under the very rules Hines helped promote, with Hines himself in charge of that effort.
Nxum’s position is that Hines kept his distance from Tether while in government. The payment records described by the Journal show the money moved anyway, and that gap between the two accounts is where the scrutiny will likely stay focused.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Tether has reportedly paid $6.3 million through an arrangement involving a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, with the first payment arriving while he was helping advance federal stablecoin legislation.
Summary
Tether reportedly paid approximately $6.3 million to a consulting firm partly owned by former White House cryptocurrency adviser Bo Hines.
The first payment was made in May 2025, while Hines was serving in the Trump administration and helping advance the GENIUS Act.
Hines retained a one third ownership stake in Nxum, although the firm denied that he was involved in its dealings with Tether during his government service.
Hines left the White House in August 2025 and subsequently joined Tether, where he took charge of its US stablecoin operations.
According to an October 15 investigation by The Wall Street Journal, the payments were connected to Nxum, a consulting firm Hines co-founded with his father and another business partner.
Hines retained a one-third ownership stake in Nxum while serving as executive director of the White House’s digital assets council from January to August 2025.
During that period, he worked on the GENIUS Act, which established federal rules for stablecoin issuers, including Tether, the company behind USDT.
The investigation examined internal documents, Signal messages and blockchain payment records to trace the financial arrangement.
Nxum has denied that Hines was involved in its dealings with Tether during his government service. The firm maintained that he had stepped away from its operations and did not receive money derived from Tether while working in the White House.
Tether’s first payment came before the GENIUS Act passed
The commercial arrangement began taking shape in April 2025, when Hines’ father and another Nxum partner met Tether CEO Paolo Ardoino in New York.
Marketing entrepreneur Peter Vincer arranged the meeting and subsequently presented Tether with a proposal covering public relations, branding and lobbying activities.
The initial proposal identified Nxum as the company responsible for carrying out the work, according to documents reviewed by the Journal.
A revised agreement eventually went through Vincer’s marketing company, Notorious, with the final contract excluding references to lobbying.
Tether agreed to pay $415,000 per month in six-month installments under a contract lasting at least two years.
On May 11, 2025, Tether transferred the first $2.49 million installment through Bitfinex, a cryptocurrency exchange under the same parent company.
Vincer retained $498,000 and forwarded the remaining amount to a wallet associated with Nxum. The funds were subsequently divided among the firm’s three partners, according to the payment records.
Two further transfers of $2.49 million each reached Nxum-controlled wallets in December 2025 and April 2026, after Hines had left the White House.
Portions of those payments went to Vincer, while the remaining funds were distributed among the partners.
The investigation calculated that Nxum earned approximately $6.3 million through the arrangement.
Vincer told the Journal that he had served as an intermediary and transferred the contract directly to Nxum after Hines left government.
He disputed the amount he ultimately received, while Nxum rejected his account of the payment disagreement.
Bo Hines pushed for a longer stablecoin compliance period
During negotiations over the GENIUS Act, Hines supported giving cryptocurrency platforms three years to stop offering stablecoins that failed to meet the new federal requirements.
The proposed period was originally 18 months, a shorter timeline favored by some Democratic lawmakers and US-based stablecoin companies.
People familiar with the negotiations told the Journal that Hines encouraged lawmakers to double the compliance period.
The resulting 36-month window gave foreign stablecoin issuers, including Tether, more time before restrictions on noncompliant tokens would apply to US platforms.
The legislation contained a separate pathway allowing foreign stablecoin issuers to operate under approved regulatory jurisdictions.
Critics described the provision as a concession to Tether, although Nxum maintained that the longer compliance period emerged from negotiations involving multiple stakeholders.
The firm argued that Tether could advocate for its preferred regulatory treatment without entering into a financial relationship with Nxum.
Meanwhile, messages reviewed by the Journal showed Hines communicating with his business partners about the legislation while serving in the administration.
In June 2025, as the bill faced opposition from some House Republicans, Hines shared political talking points through a Signal group involving Nxum’s partners.
Nxum said those communications concerned information already publicly available and did not amount to participation in the firm’s commercial dealings.
President Donald Trump eventually secured support from Republican holdouts, and the GENIUS Act was signed into law on July 18, 2025.
Hines took charge of Tether’s US stablecoin business
Hines announced his departure from the White House in August 2025, weeks after the GENIUS Act became law.
On August 19, Tether appointed Hines as strategic adviser to oversee its expansion efforts in the United States, as crypto.news reported at the time.
His responsibilities included developing relationships with policymakers and industry participants as the company prepared to operate under the new regulatory framework.
In September 2025, Tether named Hines CEO of USAT, its planned US-regulated dollar-backed stablecoin.
The company selected Anchorage Digital Bank as the token’s issuer and Cantor Fitzgerald to manage its reserves.
Tether subsequently launched USAT in January 2026 as a separate product from USDT, which remains its main international stablecoin.
The USAT product was designed around the GENIUS Act’s requirements for reserve backing, regulatory supervision and redemption.
By July 2026, Tether had expanded USAT to Celo, its second supported blockchain after Ethereum.
The Celo deployment enabled native token issuance and redemption, while allowing users to pay network transaction fees with USAT.
At the time, USAT had reached a market capitalization of approximately $185 million.
Tether had separately led a $7 million funding round for Pact Labs, which was developing payroll and payment services using USAT.
Tether’s regulatory position remains unresolved
The GENIUS Act’s implementation has continued through federal rulemaking, with several requirements for stablecoin issuers still awaiting final regulations.
An August 2026 review of the law’s implementation found that federal agencies had missed the July deadline for completing the required rules.
The Office of the Comptroller of the Currency was targeting November 2026 to finalize its framework.
Tether’s international operations face separate questions because USDT is issued by a company incorporated in the British Virgin Islands.
The law permits foreign stablecoin issuers to serve American businesses under certain conditions, including a Treasury Department determination that their home jurisdictions provide comparable regulatory oversight.
As of August 2026, the Treasury had not issued such a determination for the British Virgin Islands.
Restrictions on US platforms offering noncompliant stablecoins are scheduled to apply in July 2028.
Separately, the Journal’s investigation raised questions about Hines’ financial interest in Nxum during his government service.
Cynthia Brown, senior ethics counsel at Citizens for Responsibility and Ethics in Washington, told the publication that federal officials generally face restrictions on participating in government matters involving their financial interests.
Nxum maintained that Hines had recused himself from company business and that his ownership stake did not require divestment under the applicable ethics rules.
The White House said it expected administration officials to comply with federal ethics laws. Tether did not respond to the Journal’s requests for comment.
The investigation disclosed further financial dealings involving Nxum after Hines entered the private sector.
According to an investor presentation reviewed by the Journal, Nxum had circulated plans under which Tether would acquire a 25% stake in the consulting firm for $56 million.
The firm had proposed selling another 10% to outside investors while its founders would retain 65%.
Nxum was involved in the September 2025 launch of Fellowship PAC, a pro-cryptocurrency political action committee chaired by Tether’s head of government affairs, Jesse Spiro.
Federal disclosures showed the PAC had raised at least $11 million from Cantor Fitzgerald and other contributors.
The committee paid more than $6.5 million to Nxum for advertising and related services, according to the records reviewed by the Journal.
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.
Stellar fell 3.57% to around $0.1836, reaching its 200-day moving average after slipping below the $0.1850 Fibonacci level and its 100-day average.
XLM traded near $0.1836 on October 14 at 21:30 UTC, down 3.57% on its open daily candle. The XLM/USDT chart on Binance shows a session low near $0.1822, approximately level with the 200-day simple moving average. Price recovered only slightly from that low.
Stellar reaches its 200-day moving average / Source: TradingView
XLM is now roughly 22.6% below the late-September peak near $0.237. The Fibonacci levels measure the advance from the August low at $0.1528 to that high, with the 61.8% retracement near $0.1850.
The latest decline follows a failed rebound toward $0.205. XLM briefly recovered above its 50-day average and the $0.1950 retracement, but could not sustain the advance. The reversal has since taken price beneath both the $0.1850 level and the 100-day SMA near $0.1863.
The 200-day average near $0.1822 is now the nearest support. A daily close above it followed by higher lows would strengthen the case that buyers are containing the decline. The first recovery hurdle sits just overhead, around $0.1850–$0.1863.
A rebound first needs to recover $0.1850-$0.1863
Moving back above the Fibonacci level and 100-day average would lift XLM away from its latest low. Holding that area during a subsequent pullback would help establish a base above the 200-day average.
The next hurdle is around $0.195–$0.196, where the 50% Fibonacci retracement sits close to the 50-day SMA. XLM crossed this area during its recent rebound before falling back below it. Another recovery would need to hold these levels to improve on the previous attempt.
Above the round $0.20 mark, the $0.205 area combines the 38.2% retracement with the latest rebound high. Recovering it would bring the $0.217 Fibonacci level into view, ahead of the earlier peak near $0.237.
Momentum remains weak. Daily relative strength index, or RSI, is near 39.1, below its neutral midpoint of 50 and its smoothing line near 49.3. It remains above the usual oversold threshold of 30.
Earlier lows mark support below $0.1822
A daily close below the 200-day SMA followed by a failed recovery would strengthen the downside case. Before the $0.17 Fibonacci retracement, the chart shows several August and September lows around $0.173-$0.176.
XLM rebounded from this band repeatedly before the September advance accelerated. Those earlier reactions make it a historical support area to watch if the current decline continues. A sustained move beneath it would bring the 78.6% retracement near $0.1709 into focus.
Further below, $0.1528 marks the August low from which the measured advance began. Returning there would erase the full rally to $0.2371, but XLM would first need to lose the nearer support areas.
This article is provided for informational purposes only and does not constitute financial or investment advice. Technical levels and indicators are interpretive tools, not guarantees of future price movement.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Bitwise’s latest $1.17 million LINK transfer from Wintermute adds to a broader pattern of institutional activity around Chainlink [LINK].
The repeated depositing of money into the Bitwise Chainlink ETF is indicative of continuing investment in the Chainlink ETF. According to SoSoValue data, the two-day chain of inflows in this period added approximately $10 million in new capital into the Chainlink ETF.
However, the influx of new capital did not lead to an increase in the value of funds invested.
Source: Arkham The cumulative net inflows had been at roughly $179.61 million. However, the total net assets declined from $249.41 million to $229.38 million.
As such, it appears that the decline in the price of LINK has resulted in decreased value of all funds despite increased investor exposure.
Sustained levels of investment may potentially add to institutional support for Link, as well as provide a basis for the price of LINK to recover from current market conditions.
However, unless there is an increase in demand, the price of LINK will be subject to diminished trading volume.
Chainlink secures 60% of the Oracle market LINK’s dominance indicates how heavily DeFi protocols rely on its oracle infrastructure to secure assets and support financial activity. Chainlink currently controls an estimated 60.28% of all tracked oracle value, currently sitting near $36.6 billion across over 530 protocols.
Source: DeFiLlama This lead gives Chainlink a substantial advantage because lending markets, derivatives, and other forms of tokenized assets need to be able to access reliable external information.
Currently, internal accounts for 13.10% of the tracked oracle value, with Chronicle accounting for 8.19%, showing the sizeable disadvantage competitors must close.
Market share may make it increasingly difficult for competing oracles to gain traction as DeFi activity increases. Nevertheless, having more market value does not necessarily mean there will be increased demand for LINK tokens. Therefore, continued expansion of LINK’s value is what ultimately determines the success of Chainlinks’ expansion.
Chainlink’s expansion into tokenized assets is extending its role beyond DeFi price feeds into institutional financial infrastructure. Its Cross-Chain Interoperability Protocol (CCIP) supports transfers across networks, while oracle services provide data for tokenized equities and treasuries.
With the launch of CCIP v2.0, Chainlink can now offer institutions even greater control. This includes cross-chain asset transfers and compliance-related regulations associated with tokenized assets.
This wider use could generate recurring fees as institutions move beyond pilot projects. In other words, if they expand their usage of CCIP, then there should be additional ongoing revenues generated by these activities.
Yet adoption alone cannot guarantee stronger token demand. Sustained growth in CCIP usage, service revenue, and LINK-based payments would provide clearer evidence that institutional expansion could benefit token holders.
Final Summary Chainlink attracts institutional interest and secures 60.28% of tracked oracle value.
LINK needs stronger CCIP adoption and revenue to boost token demand.
The NBA’s official Instagram account was hacked early this morning, and the attacker posted information about a suspicious token.
According to multiple reports, the NBA’s official Instagram account was hacked early this morning. The attackers exploited the breach to promote a suspicious token on Solana. However, the crypto community is already familiar with such social media attacks, and the related content failed to spark significant buying activity. The hackers immediately pulled a rug on the token when it hit the $40,000 mark.
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Abraxas' two hedge accounts have earned over $331 million in profits and hold $1.45 billion in short positions.
According to Lookonchain's monitoring, Abraxas Capital's two hedge accounts on Hyperliquid have collectively generated over $331 million in profits, and the firm currently holds short positions worth more than $1.45 billion.
Circle’s USDC has become the first stablecoin to receive the European Union’s “significant” e-money token classification under MiCA, bringing the dollar-backed cryptocurrency under direct European Banking Authority supervision beginning November 12, 2026.
Summary
Circle’s USDC became the first significant e-money token among 45 notified under European Union regulations. November 12 begins joint supervision by the European Banking Authority and France’s financial regulator, ACPR. The EBA will oversee reserve assets, liquidity, capital requirements, recovery procedures, and token redemption plans. France’s ACPR retains responsibility for governance, outsourcing, ownership assessments, management suitability, and potential conflicts of interest. The EBA signed an information sharing agreement with New York regulators covering cross border stablecoin supervision. The European Banking Authority (EBA) announced the decision on October 14 after assessing USDC against the criteria established by the Markets in Crypto-Assets Regulation (MiCA). Of the 45 e-money tokens currently notified under the framework, USDC is the first to receive the designation. The new classification will divide oversight between the EBA and France’s banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
Circle’s USDC becomes the first major token under MiCA oversight The EBA’s decision places USDC under the supervisory framework established for significant e-money tokens. MiCA uses the term to identify certain digital assets linked to a single official currency that meet regulatory criteria concerning their size, use and financial activity.
USDC is pegged to the U.S. dollar and ranks as the world’s second-largest stablecoin by market capitalization. Circle issues the token through separate companies in Europe and the United States.
Circle's USDC Becomes EU's First "Significant" E-Money Token Under MiCA
The European Banking Authority (EBA) has classified Circle's USDC as the EU's first "significant" e-money token (EMT) under MiCA, making it the first of 45 notified EMTs to receive the designation. USDC is… pic.twitter.com/BV3TLKyBiY
— Wu Blockchain (@WuBlockchain) October 15, 2026 In the European Union, Circle Internet Financial Europe SAS serves as the issuer. Circle Internet Financial, LLC performs that role in the United States, according to the EBA’s announcement.
The designation follows an assessment carried out under Article 56 of MiCA. The regulation requires the EBA to classify an e-money token as significant when it meets at least three of the criteria established under Article 43.
The criteria cover measures including the number of holders, transaction activity, token value and other indicators of how extensively an asset is used. However, the October 14 announcement did not identify which individual criteria USDC satisfied.
The EBA’s decision does not introduce USDC to the European market for the first time. Circle has been issuing the stablecoin through its French entity under MiCA since 2024.
Previously, the company announced that it had obtained an electronic money institution license from the ACPR in July 2024. The authorization allowed Circle to issue USDC and its euro-backed stablecoin EURC in accordance with the European framework.
Circle’s earlier European stablecoin license under MiCA established France as the company’s regulatory base for EU issuance.
The latest classification concerns the additional supervisory requirements applicable to USDC as a significant token.
EBA takes responsibility for USDC reserves in November Beginning November 12, the EBA will take direct responsibility for supervising several financial safeguards associated with USDC.
The regulator will oversee Circle’s compliance with applicable own-funds requirements, reserve assets, liquidity rules, and recovery and redemption plans for the token.
Own funds refer to financial resources the issuer must maintain to meet applicable regulatory obligations. Reserve assets concern the assets held to support the stablecoin’s value and meet redemption requests.
Liquidity requirements address the availability of assets that can be used to meet financial obligations when required. Recovery plans establish procedures for responding to financial difficulties, while redemption plans address how tokenholders can recover their funds under the applicable rules.
France’s ACPR will continue supervising other parts of Circle’s European business.
Its remaining responsibilities include corporate governance, qualifying ownership interests, assessments of senior management, outsourcing arrangements and conflicts of interest.
The EBA explained that the two regulators would cooperate during the transfer of responsibilities to maintain continuity in supervision.
Article 117 of MiCA establishes this division for significant e-money tokens. The EBA handles specified financial safeguards, while national authorities retain responsibilities over other regulated activities.
The European Securities and Markets Authority’s official rulebook specifies the powers transferred to the EBA when an e-money token receives significant status.
The classification does not remove the ACPR from Circle’s supervision or transfer every regulatory responsibility to the European authority.
The EBA will work with the French regulator on the areas where their responsibilities intersect.
Circle has questioned parts of Europe’s stablecoin rules The classification follows recent requests from Circle for changes to parts of MiCA’s stablecoin requirements.
In early October, the company urged EU policymakers to reconsider rules governing the reserve assets that stablecoin issuers must hold.
Circle argued that mandatory commercial bank deposit requirements could expose issuers to financial risks arising from their banking partners.
Current MiCA requirements provide for a minimum share of reserve assets to be held as deposits with credit institutions. For certain significant issuers, the applicable proportion increases.
The company’s recent proposal to revise MiCA’s bank deposit rules called for replacing fixed deposit thresholds with requirements tied more closely to reserve liquidity.
Circle cited its experience during the 2023 collapse of Silicon Valley Bank, when approximately $3.3 billion of USDC reserves became temporarily inaccessible.
Its policy recommendations included changes to the treatment of cross-border stablecoin issuance and recognition of regulated issuers operating outside Europe.
Another report on Circle’s proposed MiCA changes detailed the company’s argument that only three of the world’s 30 largest stablecoins complied with the European framework at the beginning of October.
Circle identified USDC, EURC and USDG among the compliant tokens in that assessment.
The EBA’s October 14 classification does not announce changes to the existing MiCA requirements. It applies the current legal framework to USDC and establishes the supervisory arrangements scheduled to begin in November.
EU and U.S. regulators agree to cooperate on stablecoins Alongside the new classification, the EBA confirmed an agreement with the New York State Department of Financial Services (NYDFS).
The two authorities signed a memorandum of understanding covering cooperation and information exchanges related to cross-border stablecoin activities.
According to the EBA, the arrangement will support its supervision of stablecoins issued through entities operating in different jurisdictions.
USDC is issued through Circle’s European subsidiary and its U.S. entity, placing the token within separate regulatory systems.
The EBA said the agreement would allow the European and New York authorities to exchange information as part of their supervisory cooperation.
The memorandum does not replace the respective legal responsibilities of either authority, and the October 14 announcement did not disclose further operational arrangements.
The cooperation agreement comes as international regulators continue examining the risks associated with global stablecoin operations.
On October 12, the Financial Stability Board published a report examining cross-border vulnerabilities and financial stability monitoring for global stablecoins.
The international body identified stablecoin arrangements as activities that can operate across national borders and financial sectors, creating supervisory challenges for regulators.
For significant tokens, MiCA requires the EBA to establish and chair supervisory colleges involving relevant financial authorities. Article 119 provides for these groups to exchange information and issue opinions on specified supervisory matters.
The European regulator is responsible for reviewing whether e-money tokens continue to satisfy the significance criteria. Article 56 establishes the classification process, while the EBA’s published supervisory framework provides for regular assessments.
Commission Delegated Regulation (EU) 2024/1506 supplies indicators used in the significance assessment, alongside the criteria already established in MiCA.
Under the timetable announced on October 14, the EBA will assume its specified responsibilities for USDC’s reserves, liquidity, own funds, and recovery and redemption arrangements on November 12. The ACPR will retain supervision of Circle’s governance, ownership assessments, outsourcing and conflicts of interest.
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
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Researcher Tayvano has traced roughly $100 million to $103 million in stolen crypto tied to a supply-chain attack on Ledger hardware wallets sold through CryptoBilis. She was careful to say how she did it: Zcash’s privacy was not broken.
The trail came from gas payments. The attacker covered transaction fees from an associated wallet, and that one habit tied the operation together.
How the trail came together The scale of the theft is large. The research findings put the Ledger drainer incident at approximately $103.4 million in stolen assets.
Those funds were spread across roughly 530 addresses on seven different blockchains.
About three-quarters of the looted value sat in USDT on the Tron network. The rest was spread across other chains and assets.
Investigators also identified wallets holding approximately $38.6 million in ETH and $16.9 million in BTC. Tether, the issuer of USDT, froze $10 million of the stablecoin linked to the theft.
According to the research findings, the attacker’s decision to use an affiliated wallet for gas payments became the main link between the many addresses. By analyzing who funded those fees, researchers mapped out the attacker’s infrastructure.
What happened on the Zcash side Zcash is a privacy coin. Its shielded transactions are designed to hide the sender, the receiver and the amount from public view.
Tayvano stressed that those protections held. Nobody cracked the underlying math.
Instead, the Zcash portion of the trail was traced by matching 108 exact value exits to incoming batches. In plain terms, funds went into the shielded pool in certain amounts and came out in identical amounts, and the pattern lined up.
That distinction matters. A flaw in Zcash’s cryptography would be a protocol-level problem for every user. A pattern left by one careless operator is a lesson in operational security.
Background: a supply-chain attack, not a wallet hack The theft traces back to Ledger hardware wallets sold via CryptoBilis. That makes it a supply-chain attack, where the compromise happens somewhere along the path between the product and the buyer.
Once the funds were drained, the attacker had a familiar problem. Stolen crypto is visible on public ledgers, so the goal becomes scattering it, swapping it and routing parts of it through privacy tools until the trail goes cold.
Spreading value across roughly 530 addresses and seven chains fits that playbook. So does routing part of it through a privacy coin.
What this means For stablecoin issuers, Tether’s $10 million freeze shows a different kind of leverage. With about three-quarters of the stolen value sitting in USDT on Tron, a centrally issued token gave investigators a choke point that a decentralized asset would not.
For investigators, the case reinforces that metadata often matters more than encryption. Fee funding, timing and amount patterns can link addresses even when the transactions themselves are hidden.
The remaining questions are practical ones. How much of the roughly $103.4 million can actually be recovered, and whether the identified ETH and BTC holdings can be frozen or seized, will determine whether this tracing work turns into money back in victims’ pockets.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In BriefZcash (ZEC): ZEC moving at $1,199, about 30% below its late-September high, and sits on the $1,190 moving average. Volume is falling and RSI is neutral near 45. A daily close above $1,285 would be the first sign of recovery, while a break of $1,190 opens a path to $990.XRP (XRP): XRP has reached $1.346, holding the $1.34 moving average after a roughly 19% decline from late September. Resistance is stacked between $1.38 and $1.42, volume is declining, and a daily close above $1.39 is needed to change the sideways trend.Chainlink (LINK): LINK trades near $12.46, about 21% below its late-September high, and sits on its short-term moving averages near $12.45. Volume is weak. A daily close below $12.05 opens the way to $11.40, while reclaiming $13.10 is needed for a real recovery.Near Protocol (NEAR): NEAR trying to protect itself at around $4.94 after a sharp rejection from $6.00 on October 12. The broader trend remains strong, with price more than tripled from its August base. Support sits at $4.65, $4.30 and $4.00, while $5.20 is the first hurdle.Near Protocol (NEAR) Nosedives to SupportNEAR trades close to $4.94 after a sharp rejection from the $6.00 level. Price spiked to that high on October 12, then reversed in a large red candle that erased most of the gain. A move like this, with a long upper wick, suggests that sellers were waiting at the top.
NEAR/USDT Chart by TradingViewNEAR has more than tripled from its August base near $1.60, and every long average is rising. They now sit near $3.95, $3.60, $3.20 and $2.60. But this is also the problem. Price is far above all of them, so a deeper pullback would not necessarily break the trend. It would only bring price back to more normal levels.
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The first support is the short-term average near $4.65. Below it, the October 8 low near $4.30 is the next line, followed by the $4.00 area. A daily close below $4.30 would suggest that the sideways range held since late September is breaking, and $4.00 would come into view.
On the upside, $5.20 is the first hurdle, where recent candles failed. Above it, $5.60 capped several rallies in late September and early October, and $6.00 is the high set on October 12.
Can XRP Bounce Back?XRP trades near $1.346 and is resting at the orange moving average around $1.34, the only line that has kept it from a deeper fall. The coin dropped from approximately $1.66 in late September, a loss of about 19%, and the past couple of daily candles show buyers defending this level with small lower wicks near $1.31.
XRP/USDT Chart by TradingViewAbove the price, the picture is crowded. The black average near $1.38 and the blue one near $1.39 sit just overhead, with the cyan line near $1.42 above them. XRP lost all of these in early October, so they now act as a wall of resistance. Today's high of $1.385 ran straight into that area and was sold, which fits the weak mood. The market needs a daily close above $1.39 to begin changing that.
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Volume tells the same story. Trading has declined gradually since the larger moves in August and September, and the recent red candles are not heavy, so sellers are not rushing either. That is why the price is moving sideways.
Zcash (ZEC) Spills OutZcash is trading near $1,199 after a sharp pullback from the late-September high near $1,700. That is a drop of approximately 30% in under three weeks, and the coin now sits right on an important line. The blue moving average near $1,190 has held the price twice in the past week, with buyers pushing it back up from lows around $1,115 and $1,120.
ZEC/USDT Chart by TradingViewThe bounces were weak, though. Each attempt to move higher has stalled under the cyan and green averages near $1,230 and $1,285. Today's candle opened at $1,218 and is already back under them, which suggests sellers still step in on every small rise. Volume has also dried up compared with the rally days in September, so there is little buying strength behind these attempts. The daily RSI is around 45, a neutral reading that suggests momentum has cooled but the coin is not oversold.
What matters now is whether $1,190 continues to hold. If it does, ZEC can build a base and try to reclaim $1,285. A daily close above that level would be the first real sign that the drop is over. A move back toward $1,350 could then be realistic, since that area held the price in early October.
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If the blue line breaks, the chart offers little nearby protection. The next support is the orange average around $990, which is about 17% below the current price. Under that, the long black average near $765 marks where the rally began to accelerate. A fall that deep is not the base case, but the empty space on the chart suggests how fast it could happen.
The bigger picture remains positive. ZEC more than doubled from about $500 in August, and the longer averages keep rising far below the price. A cooldown after a run like this is normal. For now, the coin sits at a decision point with falling volume, and a clear move in either direction is likely soon.
Chainlink (LINK) Invalidates the SupportChainlink trades close to $12.46, down approximately 21% from its late-September high close to $15.75. The drop was accompanied by a sharp spike on heavy volume, a pattern that often marks a short-term top. Since then, every bounce has been weaker than the last, and price has made lower highs near $14.30, $13.50 and $13.10. LINK now sits on its short-term moving averages, which run right at $12.45. These lines carried the uptrend through September, and buyers have defended them twice this month.
LINK/USDT Chart by TradingViewWicks down to $12.05 on October 8 and $12.20 this week show that dip buyers are still active. But the bounces are small, and today's red candle is pressing on the line again.
Volume is the weak spot. Trading activity has dropped well below the levels seen during the September rally, which means few investors are willing to push price in either direction. Low volume near support can end with a sharp break, so the $12.05 area matters.
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A daily close below it would open the way to the orange average near $11.40, and then the 200-day average near $10.85, which is close to the mid-September low of $10.60.
On the upside, LINK needs to reclaim $13.10, where a faster average now acts as resistance. A close above it could turn the bounce into a real recovery, with $13.50 and $14.00 as the next targets. Reaching $15.75 again would require a strong return of volume, and that looks unlikely in the near term.
The bigger picture is still positive. LINK is up approximately 50% from its August base near $8.20, and all the long averages point up. This looks more like a cooling phase than a trend reversal. Still, price is at a decision point, and the next strong daily close should show which side wins. Bulls need to hold $12.05 to keep the uptrend safe.
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.
The Algorand Foundation has lost another senior executive. Marc Vanlerberghe resigned on October 14, 2026, ending a 2.5-year run that began when he joined as Chief Marketing Officer in March 2024.
By the time he left, his title had grown to Chief Strategy and Marketing Officer. That makes this more than a branding departure. The person shaping how Algorand pitched itself to the world is now out of the C-suite.
His exit lands during a broader overhaul. New CEO William Herkelrath is reviewing the foundation’s initiatives and partnerships, and his stated goal is to make Algorand self-sustaining.
A month of exits
Vanlerberghe’s resignation is not happening in isolation. It follows the departure of Chief Technology Officer Bruno Martins, who resigned around October 9, 2026.
Martins’ exit itself came after the resignation of former CEO Staci Warden. Her departure opened the door for Herkelrath, who took over as CEO on August 31, 2026. The foundation formally announced his appointment on September 9, 2026.
The changes reach the board as well. Herkelrath and Alex Fowler joined it, while Rebecca Rettig and Michael Mosier stepped off.
Vanlerberghe is not disappearing entirely. He has committed to staying an active member of the Algorand community even after giving up his executive post.
Herkelrath’s mandate
To understand the departures, it helps to understand what the new boss wants. Herkelrath arrives with a background that includes Chainlink, the oracle network that connects blockchains to outside data.
His brief has two big pillars. The first is pushing Algorand toward institutional adoption, meaning banks, asset managers, and other large financial players. The second is strengthening the network’s post-quantum cryptography capabilities.
Reviews like that rarely leave every program, or every executive, untouched. When a new CEO starts asking which projects earn their keep, the org chart tends to get rearranged too.
What this means for Algorand
Community reaction has split along predictable lines. Some members are uneasy about how quickly senior leaders are leaving. Others see the exits as a necessary clearing of the decks under new management.
There are a few things worth watching from here. The first is whether the foundation names replacements for the CTO and marketing roles, and what backgrounds those hires bring.
The second is the outcome of Herkelrath’s partnership review. Which initiatives survive will reveal how aggressively the foundation is cutting toward its self-sustaining target.
The third is the post-quantum roadmap itself. Announcements are easy. Shipped upgrades that institutions can actually evaluate are the harder, and more meaningful, milestone.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Uniswap v4 recorded trading volume exceeding $44 billion over the past month, now contributing nearly half of all transactions on the decentralized exchange protocol. As usage surges, UNI is encountering strong resistance around the $10 level, bringing both the protocol’s adoption and token price into sharp focus.
Uniswap v4’s Growth Signals Market ShiftRecent data from Uniswap shows that version 4 of the protocol contributed almost 50% of the platform’s overall trading activity in the last 30 days. This figure underscores v4’s growing prominence among decentralized exchanges and positions Uniswap as a leading liquidity hub in DeFi.
Uniswap, launched in 2018 by Hayden Adams, is an automated market maker that enables peer-to-peer trading of cryptocurrencies without intermediaries. Version 4 introduces a modular system built on “hooks,” allowing developers to customize liquidity pools and integrate new features, which expands the protocol’s capabilities and attracts broader participation from developers and users.
The $44 billion trading volume highlights a surge in usage, but does not necessarily translate into an immediate rise in UNI token demand. Market sentiment, trading positions, and investor confidence continue to play significant roles in determining the token’s price.
The growing protocol activity has prompted market analysts to track whether the surge will lead to more sustained demand for UNI or simply reflect increased trading frequency. Data on UNI’s trading volume, derivatives open interest, and capital inflow are being closely monitored by investors for further signals of a long-term trend.
While heightened adoption can enhance the protocol’s appeal to developers and liquidity providers, historical trends suggest that protocol usage alone is not always sufficient to drive significant price appreciation unless market participants anticipate further utility or profit from UNI itself.
Mini dictionary: “Hooks” in Uniswap v4 are customizable plugins that allow developers to modify the behavior of liquidity pools, enabling more flexible features and new trading strategies within the protocol.
Uniswap Protocol Version30-day Trading VolumeShare of Total Protocol Volumev4$44 billionNearly 50%All Other VersionsApprox. $46 billionJust over 50%UNI Price Faces Key Technical LevelsTechnical analysts are paying close attention to the UNI token following a price rejection near $10, highlighting growing price consolidation. Crypto With Gopal, a market analyst, identified a “rectangle” pattern in UNI’s daily chart, with the token currently pulling back toward support at $7.40.
A breakout above $10 could signal a new uptrend, with analysts pointing to a further target at $20 if buyers can maintain momentum. On the other hand, a drop below $7.40 could increase the risk of downward pressure and trigger further declines.
Breaking above $10 would mark the first bullish signal for UNI, paving the way toward $20 if momentum holds; however, if UNI falls below $7.40, short-term weakness could amplify, and attention would turn to lower support near $2–$3 on the long-term chart.
Support in the $2–$3 range appears as a critical long-term level, but this is not a near-term target, serving more as a historical anchor for price action if negative trends persist.
Future Prospects for Uniswap and UNIThe next several weeks will be watched closely to see whether Uniswap v4 maintains its market share and if the current trading momentum continues. Monthly volume statistics and developer adoption are likely to influence perceptions around the health of the protocol.
For UNI, immediate focus remains on navigating between $7.40 and $10. Any move beyond these bounds could set the stage for a pronounced trend in either direction.
The $44 billion trading volume on v4 demonstrates sustained engagement, yet the UNI token itself faces a pivotal moment, with its price hovering in a critical range and awaiting decisive market action.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-10-19 11:59 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Filecoin (FIL) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 6,470,279, or approximately at 2026-10-19 12:59 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-10-15
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana’s Alpenglow consensus upgrade is scheduled to go live on mainnet on Wednesday, October 21, 2026, cutting transaction finality from roughly 12.8 seconds to about 150 milliseconds, according to the Solana Foundation’s upgrade page. The change replaces the network’s TowerBFT voting mechanism with a new protocol called Votor and is the first major replacement of Solana’s consensus layer since TowerBFT.
SOL was trading near $104 on October 14, down roughly 3.7% over the prior 24 hours, as validators and infrastructure providers prepared for the migration. For most users the effect is simple: transactions settle almost immediately, and wallets and applications keep working as they do today.
What the Alpenglow Upgrade Changes Today Solana validators vote by sending transactions, and a block becomes final only after enough votes have stacked up over 32 slots — a process that takes about 12.8 seconds. Alpenglow replaces that layer entirely. Under Votor, validators send votes directly to each other instead of recording them as on-chain transactions, bundle those votes into aggregate certificates, and finalize a block in one or two rounds of voting.
The result is roughly 150 milliseconds to finality, which the Solana Foundation describes as about 99% faster than TowerBFT. The upgrade is also designed to tolerate up to 20% malicious stake plus 20% offline stake. The 150 millisecond figure describes how long a transaction takes to become final, not how often blocks are produced — block time was reduced separately, from 400 to 200 milliseconds, through a staged rollout completed in October.
A Two-Phase Rollout: Votor First, Rotor Later Alpenglow ships in two phases. Votor, the voting protocol, is the first and arrives in the Agave 4.3 validator client. Rotor, which replaces Turbine — the protocol that spreads block data across the network — with a single relay layer, is planned for a later release and is not yet scheduled.
The upgrade has already run on test and developer networks. Solana moved Alpenglow to public testnet in late September, and devnet activated the feature in epoch 1167 on September 25, 2026. Mainnet activation in epoch 1064 is expected around 15:00 UTC on October 21, behind feature gate A1pengvuM6JEcyNuTnMqepBKhwHE3N6PmUrdATGawhJS.
What Validators Must Do Before October 21 Validator operators face two hard requirements before epoch 1064 begins. First, they must run an Agave-based client — Agave, Jito-Solana, or Harmonic Salsa, on a release built on Agave 4.3.0. Firedancer and Frankendancer are not supported during the migration. Second, each validator must hold at least 0.8 SOL in its vote account, above the rent-exempt minimum, to pay the Validator Admission Ticket (VAT) fee. That fee is charged at the start of each epoch and pays for the following epoch; if it goes unpaid, the validator does not vote or produce blocks in the next epoch.
What Does Not Change — and What Infrastructure Must Update Alpenglow does not touch transaction execution. The Solana Virtual Machine, transaction formats, programs, and fee mechanics remain unchanged, and applications that only send transactions and read account state need no migration. That block-time work is separate: Solana completed its slot-time reduction to 200 milliseconds earlier in October.
Infrastructure that consumes block, voting, or finality data does face breaking changes. Vote transactions leave blocks entirely, so any metric that counted them must be re-baselined, and reported transaction totals are expected to decline. The confirmed and finalized commitment levels converge into one. Because Proof of History no longer paces block production, tick entries leave the ledger and the Clock sysvar’s timestamp gets a new source. Geyser and gRPC consumers must also handle a new bank_id field, since a slot can now carry more than one candidate block.
Frequently Asked Questions When does the Solana Alpenglow upgrade go live? Alpenglow activates on mainnet in epoch 1064, which starts Wednesday, October 21, 2026, at approximately 15:00 UTC.
What is Votor? Votor is the first phase of Alpenglow. It replaces TowerBFT by having validators exchange votes directly with each other and aggregate them into certificates, finalizing blocks in one or two rounds instead of over 32 slots.
Do Solana users need to do anything? No. Signing, sending, and approving transactions do not change, and wallets and applications keep working as they do today. Only validator operators and infrastructure providers must update their software.
Why will Solana transaction counts drop after Alpenglow? Because vote transactions leave blocks entirely. Validator votes are no longer recorded as on-chain transactions, so any metric that counted them will show lower totals without reflecting less actual user activity.
Does Alpenglow change Solana fees or execution? No. The SVM, transaction formats, programs, and fee mechanics are untouched. Alpenglow changes only how validators agree on blocks and how finality is reported.
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Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
SkyAI’s Solana holdings dropped roughly 70%, from over 2 million SOL to approximately 600,000 tokens.
Bastion Trading questioned an unexplained 400,000 SOL difference in SkyAI’s latest disclosures.
Bastion demanded complete transaction records and independent oversight before participating in the proposed buyback.
The shareholder wants SkyAI to increase its repurchase offer from $3 to at least $3.50.
SkyAI plans a roughly $201 million buyback despite continuing disputes over board representation and transaction terms.
Bastion Trading has challenged SkyAI over the sale of most of its Solana holdings, demanding fuller disclosure before the company launches a proposed $201 million share buyback.
The investment firm and its affiliates own roughly 9.99% of SkyAI. On Wednesday, Bastion said it would not tender its shares at $3 each unless the board addressed its concerns. It also urged other investors to delay participation.
SkyAI Reports Sharp Fall in SOL Holdings
On September 14, SkyAI reported more than 2 million SOL, then worth roughly $207 million. On October 11, it said it had sold about 1 million tokens and retained roughly 1 million. A separate Solana price analysis reported SOL near $121 in early October.
However, an October 13 Securities and Exchange Commission filing placed SkyAI’s remaining balance near 600,000 SOL. The figures indicate a decline of at least 70% since September. A gap of roughly 400,000 tokens remains between the two disclosures.
Bastion Demands Full Transaction Details
Bastion asked SkyAI to identify every recent sale, including dates, amounts, prices, fees and proceeds. It also requested records showing how directors reviewed and approved the transactions. Bastion also asked why SkyAI had not announced these sales to shareholders sooner.
Bastion called the sales a departure from SkyAI’s Solana treasury strategy and requested an independent review. Investors can also gain SOL exposure through Solana investment funds; a recent report placed Bitwise’s staking fund near $1.3 billion.
Board Election Fuels Shareholder Dispute
SkyAI’s September shareholder meeting added another issue. Each of the five directors received more votes to withhold support than votes in favor, although the company’s election rules allowed them to remain in office.
Bastion renewed its demand for independent directors and a committee to examine the buyback. The firm also opposed adviser warrants, citing their award to a company controlled by SkyAI’s investment chief’s brother. SkyAI separately rejected Forward Industries’ takeover proposal.
Buyback Terms Face Further Objections
SkyAI plans to offer $3 per share or an eligible warrant and buy up to 95% of each class. Another crypto treasury company, Metaplanet, recently announced a separate share buyback program, although its terms differ.
Bastion wants at least $3.50 and restrictions on insider participation. SkyAI expects to begin the offer around October 15, subject to conditions including SOL staying above $100. Its filing said it had gathered about 80% of the required cash.
Internet Computer (ICP) has launched ckSOL, a token backed 1:1 by Solana's SOL, letting ICP DeFi apps hold SOL alongside Bitcoin and Ether without a bridge company.
Internet Computer (@dfinity) has launched ckSOL, its official token backed 1:1 by $SOL. The SOL sits in Solana addresses controlled by ICP's nodes, which sign together without any one holding the full key.
DeFi apps on ICP can now hold SOL next to $BTC, $ETH and $ICP. The launch completes Solana support, which first reached ICP developers in mid-2025.
How ckSOL worksckSOL is the chain-key token representing SOL on the Internet Computer. According to the ICP developer documentation, it is backed 1:1 by SOL held in a canister-controlled Solana address, in the same way as ckETH. A minter canister monitors Solana deposits and mints ckSOL tokens that follow the ICRC-1 and ICRC-2 standards. To withdraw, a user burns ckSOL, and the system signs a Solana transfer using chain-key Ed25519 signatures.
The signing is spread across the network. The same documentation says each canister can have its own Solana wallet address, with signing performed collectively by subnet nodes without reconstructing the private key.
Governance approval came first. Solana Compass reported that the ckSOL minter, ledger and index were installed by a vote of the Network Nervous System, ICP's on-chain governance system, on 12 October 2026. It added that SOL deposited with the minter stays in the minter's Solana addresses until it is withdrawn, so activity is visible on Solana. For holders, the outlet described ckSOL as a route into ICP DeFi apps as they add support, with a canister acting as custodian instead of a bridge company.
Building on mid-2025 Solana supportICP's Solana work began with reading and writing to the network. The Defiant published DFINITY's June 2025 announcement of the integration, which let ICP canister smart contracts interact with Bitcoin, Ethereum and Solana. At that stage there was no SOL-backed token. A DFINITY engineer said on the developer forum in 2025 that there was no plan at the time for a ckSOL, so dapps would need to handle that themselves.
ckSOL follows the pattern of ckBTC and ckETH. DFINITY's code repository describes it as modeled after ckETH, and notes that the minter remains under active development and subject to change.
The practical effect is that SOL can now be used inside ICP applications without a separate bridge operator. Whether developers adopt it will depend on how quickly DeFi apps on ICP add ckSOL support.
SourcesInternet Computer docs: Solana integration
Solana Compass: ckSOL goes live
The Defiant: DFINITY announces Solana integration
Solana now has a physical address in Shanghai. Its first Builder Station for the Chinese-speaking market opened on March 20, 2026, at the Hongqiao Alibaba Center.
That is a notable move for a crypto network in a country where virtual currencies face tight restrictions. Solana is setting up shop anyway, and it is choosing its words carefully.
A builder hub, a tall office and a four-city tour
The Shanghai Builder Station has backing from the local government of the city’s Minhang District. It is meant to be a long-term base for collaboration on Layer 1 infrastructure and the applications built on top of it.
Calling it a “Builder Station” rather than a sales office is a deliberate signal. The pitch is aimed at developers, not traders.
On October 14, 2026, Solana’s Chief Product Officer Vibhu drew attention to the Shanghai location. He claimed the team occupies the world’s highest commercially available office space, a claim Solana Foundation President Lily Liu backed up.
Two days later, the Solana Accelerate China tour kicks off. It runs from October 16 to 22, 2026, and stops in four cities: Shanghai, Hangzhou, Shenzhen and Beijing.
The agenda centers on technology infrastructure, AI development and robotics. Direct promotion of digital assets is off the table, given China’s restrictive rules on virtual currencies.
Why China, and why this way
Solana’s approach reflects that reality. By leaning into infrastructure, AI and robotics, it can engage engineers and companies without stepping into token promotion.
The local government involvement is worth noting too. Support from Minhang District suggests Shanghai officials see value in hosting developer activity tied to the technology, even while virtual currency rules stay strict.
What this means for Solana and its rivals
The most direct comparison is BNB Chain. Solana has opened an office and advertised in China, while no comparable recent physical presence from BNB Chain has been reported there.
Because token promotion is avoided, any benefit is more likely to show up in developer activity and partnerships than in direct retail demand from mainland users.
The focus on AI and robotics is also telling. It positions Solana alongside sectors that already draw serious attention in China, which could make the blockchain pitch easier to hear.
Turnout and partnerships from the October 16 to 22 tour will show whether the developer-first approach is landing.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Samsung is putting a stablecoin in the same app where people keep their boarding passes. On October 7, 2026, Samsung Electronics said its Wallet and Pay apps will support USDC transfers on the Solana blockchain for eligible US users.
The rollout is scheduled for the last week of October. It covers 82 million compatible Galaxy devices.
How the Samsung Wallet USDC feature works
USDC is a stablecoin, a digital token designed to track the US dollar one for one.
Inside Samsung Wallet, eligible users will be able to send USDC to external wallets that accept it. They can also convert it into local currency and deposit it into bank accounts in more than 60 countries.
Samsung says it will not charge a fee for sending USDC to external wallets. That is not the same as free, though. Network fees or fees on the recipient’s side may still apply.
Access comes with guardrails. The service is limited to US residents who are 18 or older. Users must pass identity verification and confirm transactions with biometric authentication.
The feature requires a compatible device running Android 13 or later.
The partners behind the curtain
Samsung is not building the plumbing alone. Solana provides the blockchain infrastructure that moves the tokens, while Bastion supplies a licensed stablecoin framework for the payment service.
Coinbase serves as sub-custodian of the USDC. A custodian is the party that actually holds the assets, so Coinbase handles safekeeping while Samsung owns the front end.
Sui is also listed as a supporting blockchain partner. Solana, however, is the chain named for the USDC transfers at launch.
Solana’s stablecoin numbers
The deal lands as Solana’s stablecoin business has been expanding. Stablecoin supply on the network grew by nearly 20% year over year.
Solana processed more than $5.25 trillion in stablecoin transaction volume in 2026. Its stablecoin supply also hit a record $17.51 billion in September 2026.
The announcement did not come out of nowhere. In July 2026, Samsung teased that stablecoin features were coming but did not reveal which blockchain or which issuer it would use.
That left about three months of speculation. The October reveal answered both questions: USDC as the stablecoin and Solana as the rails.
The news has also fed bullish commentary. A Motley Fool contributor pointed to the integration in a piece titled “Here’s Why I’m Buying Solana Right Now.”
What this means for Solana, USDC, and payments
The most important number here is 82 million. Crypto companies have spent years trying to coax consumers into downloading new apps and opening new accounts. Samsung is skipping that step by putting stablecoin transfers into software already installed on its phones.
Cross-border transfers look like the clearest use case. The ability to cash out into local bank accounts in more than 60 countries targets that pain point directly.
The service is US-only at launch, and expansion to other markets depends on local regulations.
The eligibility rules will also narrow the audience. Not all 82 million device owners will be adults who pass identity checks, run Android 13 or later, and actually want to send stablecoins.
Samsung waiving its own charge is helpful, but users may still see network or recipient-side costs.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Hong Kong-listed large language model stocks declined, with Zhipu AI and MINIMAX both falling more than 10%.
According to Bitget market data, Hong Kong-listed large model stocks declined, with Zhipu (02513.HK) and MINIMAX-W (00100.HK) both falling by over 10%.
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Yesterday, the U.S. Bitcoin spot ETFs saw a net outflow of $261 million, while Ethereum ETFs recorded a net outflow of $129.5 million.
According to data from Farside, U.S. spot Bitcoin ETFs recorded a net outflow of $261 million yesterday. Of this total, BlackRock’s IBIT saw a net outflow of $110 million, while Fidelity’s FBTC posted a net outflow of $152.7 million. Additionally, U.S. spot Ethereum ETFs had a net outflow of $129.5 million yesterday, with BlackRock’s ETHA registering a net outflow of $110 million.
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ByteDance is in talks to acquire MediaTek's AI chips, while Qualcomm has previously secured orders for millions of such chips.
Insight: Beating AI Newsflash – ByteDance is in advanced negotiations with MediaTek to source custom ASIC chips for its data centers. Bloomberg reported on October 15, citing people familiar with the matter, that the two sides are close to a deal, though details including procurement volume, chip specifications, and delivery timeline remain undisclosed. If finalized, ByteDance would become MediaTek’s second major ASIC client after Google.
This is not ByteDance’s first foray into securing data center chips from mobile chipmakers: in May this year, Bloomberg revealed the company had reached an agreement with Qualcomm to source millions of ASICs for powering AI Agents, with Qualcomm set to help bring ByteDance’s self-developed chip designs to production. The latest engagement with MediaTek signals ByteDance is expanding its custom chip supply channels to alleviate computing power pressure stemming from U.S. export restrictions and domestic chip capacity shortages.
MediaTek, which previously focused primarily on its mobile processor business, has now entered Google’s TPU supply chain and begun competing with players like Broadcom and Qualcomm for data center orders. The firm projects its data center AI chip revenue will exceed $2 billion this year. In August, Nvidia also subscribed to $3.5 billion in MediaTek’s convertible bonds and announced a partnership to develop custom AI infrastructure.
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Arthur Hayes: If an AI trading crash ultimately triggers a trillion-dollar market rescue, it will be favorable for Bitcoin's bull run.
Arthur Hayes posted on social media that if AI trading eventually crashes, it could trigger a trillion-dollar-scale market bailout, a scenario that would drive up Bitcoin and Ethereum’s prices. “Will AI eventually crash? I don’t know, and I won’t bet on either side. Instead, just trade for that upcoming trillion-dollar-scale market bailout: go long on BTC and ETH.”
Richard Heart, the founder of PulseChain, Hex and PulseX, was today arrested in Istanbul, Turkey on allegations of aggravated tax fraud.
Officially known as Richard James Schueler, the crypto mogul was taken into custody based on an Interpol Red Notice issued at the request of Finland. The operation was conducted by the Istanbul Police, Anti-Financial Crimes branches, and the nation’s National Intelligence Organization.
Other than evading hundreds of millions in taxes between 2020 and 2024, Heart has also been accused of assault.
The raid that led to his arrest took place in Istanbul’s high-end district of Beşiktaş. There, law enforcement seized an immense stash of luxury goods and electronics. Confiscated items included $4 million in cash in various vacuum-sealed currencies, encrypted cold storage wallets, and heavy-duty crypto mining equipment.
Richard Heart’s history of legal battles Before his arrest today, the crypto mogul had been sued by the US Securities and Exchange Commission (SEC) in 2023 for allegedly misappropriating $12 million worth of investor funds to buy luxury items.
However, the case seems to have hit a dead end after a federal judge dismissed it due to a lack of global activity jurisdiction, and the agency declined to appeal.
PulseChain, HEX, PulseX market impactFollowing the arrest, the “Heartchain” ecosystem’s value took a massive hit. Its native gas token PulseChain (PLS) tanked roughly 45%-50% to trade at $0.059. HEX, a high-yield blockchain certificate of deposit, plummeted 30% to trade at $0.00066. Meanwhile, PulseX (PLSX), the native utility and governance token, plunged 31% to trade at $0.055.
Source: CoinMarketCap
Panic selling has strained the available liquidity, causing massive price shifts that further compound the downward price trend.
For now, Heart remains under Turkish custody, awaiting Finland to follow up on the extradition process.
Story Ends Here
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Arthur Hayes: If an AI trading crash ultimately triggers a trillion-dollar market rescue, it will be favorable for Bitcoin's bull run.
Arthur Hayes posted on social media that if AI trading eventually crashes, it could trigger a trillion-dollar-scale market bailout, a scenario that would drive up Bitcoin and Ethereum’s prices. “Will AI eventually crash? I don’t know, and I won’t bet on either side. Instead, just trade for that upcoming trillion-dollar-scale market bailout: go long on BTC and ETH.”
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
On the first day of TOKEN2049, October 7, Bitunix Exchange hosted an after-party in a rooftop venue overlooking Singapore’s Marina Bay, bringing together more than 300 guests. The event featured a product presentation, live performances, networking, and lucky draws.
The gathering brought together traders, key opinion leaders (KOLs), and industry partners for an evening outside the conference setting, providing an opportunity to connect and exchange ideas.
Bitunix Showcases a Simpler, More Connected Trading Experience A key part of the evening was a live presentation of Bitunix’s latest platform enhancements, centered on one goal: making it easier for users to move from viewing the market to taking action.
The presentation introduced Bitunix’s simplified mobile experience. The updated interface gives charts more screen space by allowing users to collapse secondary market information. Timeframes, indicators, and Super Alert are grouped into a single control row, helping traders find frequently used tools more quickly without interrupting their chart analysis.
Bitunix also presented a clearer path between charts and trading. Users can move more easily from market analysis to the Trade page, while Futures, Spot, Copy Trading, Earn, and Grid Trading are now organized under one Trade menu. TradFi is presented as a dedicated destination, creating a clearer product structure across the app.
To demonstrate how this simplified experience supports real trading workflows, Bitunix also showcased several chart-trading tools. Super Alert helps traders monitor selected market conditions without continuously watching the screen. Pre-Trade Risk Planning displays important information including position size, entry price, and estimated liquidation level before an order is placed. PC Ultra extends the same chart-first philosophy to desktop, bringing chart analysis, order execution, position management, and livestream content into one workspace.
At the end of the presentation, guests were invited to visit the Bitunix booth at TOKEN2049 to explore TradFi, CFDs, and the Bitunix Card firsthand. Together, the updates demonstrated Bitunix’s continued effort to make the trading journey clearer, more connected, and more efficient from market discovery to execution.
A Rooftop Event in the Heart of Singapore The event took place in the heart of the Singapore city center and in one of the most premium open spaces with top-notch views and service. In this invitation-only event with around 300 attendees, the venue provided the setting for the event, with views of Marina Bay and Singapore’s skyline. It featured Bitunix branding displays and the company’s signature black-and-neon visual identity.
The evening also featured a light show, Samba dancers, African drummers, and DJ music. Performers interacted with guests throughout the event, turning the rooftop gathering into a live entertainment experience. Lucky draws added another highlight, with guests taking part in prize announcements throughout the evening.
The after-party brought together members of the global crypto community beyond the conference floor. Traders and KOLs, including The House of Crypto, Coach Sagar, Coach Miranda, Pushpendra, Itsconnorkeny, and Alvaro Smart Money, joined industry partners for the evening.
Crypto influencer and educator Pushpendra welcomed the opportunity to take part, thanking Bitunix for hosting the gathering. “Thank you for hosting such an amazing event,” he said. Coach Miranda also praised the evening, sharing his appreciation for the exchange’s efforts to bring the community together. “Awesome Party! Thanks, Bitunix, for the great Token2049. Let’s keep building,” he said.
Guests also shared photos and videos on social media, extending the event’s reach beyond those in attendance.
These posts extended the event’s reach beyond Singapore, giving a wider audience a look at Bitunix’s activities during TOKEN2049 week.
By combining product updates, networking, and entertainment, the Singapore after-party brought the Bitunix community together during one of the cryptocurrency industry’s major annual gatherings.
About Bitunix Bitunix is a global cryptocurrency derivatives exchange trusted by over 5 million users across more than 150 countries. Guided by its core principle of better liquidity, better trading, the platform is built for traders who expect more, committed to providing Ultra Trust, Ultra Products, and Ultra Experience. Bitunix offers a fast registration process and a user-friendly verification system to ensure safety and compliance. With global standards of protection through Proof of Reserves (POR) and the Bitunix Care Fund, the exchange prioritizes user trust and fund security. Industry-first innovations like Fixed Risk, TradingView-powered chart suite, along with indicator alerts, cloud-synced templates, provide both beginners and advanced traders with a seamless experience. Making Bitunix one of the most dynamic platforms on the market.
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