Hodnota tokenizovaných reálných aktiv na Solaně vzrostla za 12 měsíců ze 700 milionů na 4,3 miliardy USD, tedy o 514 %. Nyní dosahuje 26 % hodnoty tokenizovaných aktiv na Ethereu.
In one year, real-world tokenized assets on Solana increased from around 700 million to 4.3 billion dollars, according to Castle Labs. The network thus narrows the gap with Ethereum and now represents 26% of its tokenized value, compared to only 4.5% a year earlier. However, this growth has paused since last month.
In brief Solana reaches 4.3 billion dollars in tokenized assets, an increase of about 514% in twelve months. Ethereum retains the top spot with 16.6 billion dollars, but Solana is gradually closing the gap. Despite a stable overall value over thirty days, the number of holders and transfer volumes continue to increase. Solana narrows gap with Ethereum At the end of September, tokenized assets on Solana reached a record $4.6 billion, according to rwa.xyz. In its report, Castle Labs reviews this spectacular growth, which multiplied the total value by more than six times in twelve months.
More precisely, the increase from 700 million to 4.3 billion dollars represents an increase of about 514%, not 600%. As the figures are rounded, this estimate remains indicative.
At the same time, Ethereum grew more modestly, rising from 15.5 to 16.6 billion dollars, about 7%. As a result, Solana now accounts for 26% of Ethereum’s tokenized value, compared to 4.5% a year earlier. The gap remains significant since the rival network still weighs nearly four times as much. Nevertheless, Solana is clearly gaining ground.
Stable value, but more activity According to data from rwa.xyz, Solana shows approximately 4.39 billion dollars in tokenized assets as of mid-October. However, their value slightly declined over the past thirty days. In other words, most of the annual growth now seems behind the network, at least temporarily.
Activity remains dynamic though. In one month, the number of holders jumped 46%, exceeding 907,000 addresses. Meanwhile, transfer volume increased by 47%, reaching 9.09 billion dollars.
This evolution shows that adoption continues despite the stagnation of total value. Furthermore, at the beginning of September, Solana led net flows of tokenized real-world assets. The network notably hosts tokenized financial securities, credit products, and yield-generating instruments.
Is tokenization enough to support SOL? This growth does not guarantee a rise in the SOL price. Indeed, the increase in tokenized asset value does not automatically translate to purchases of the native token. What follows will notably depend on the arrival of new issuers, available liquidity, and application development.
Tokenized stocks illustrate this mixed dynamic. Their value rose from 63 to 455 million dollars in one year, after a peak of 540 million in early September. They thus remain below their recent peak.
Moreover, Castle Labs estimates application revenues at 193 million dollars over thirty days, while other calculation methods suggest 163 million.
Finally, Solana must contend with ongoing competition, notably from other blockchains gaining ground, as highlighted by this analysis of BNB Chain versus Ethereum and Solana. To maintain its progress, the network will need to attract new players and retain those who already trust it.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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.
Bitcoin mining company MARA Holdings has transferred 1,000 BTC worth approximately $82.8 million to cryptocurrency exchanges Binance and Gate over the past five days, raising questions about another possible sale from its Bitcoin reserves.
Summary
MARA linked wallets transferred 1,000 BTC worth approximately $82.8 million to Binance and Gate over the past five days, according to Lookonchain. The latest deposits follow an earlier transfer of 996 BTC worth roughly $81 million to a wallet linked to Galaxy Digital on Oct. 8. MARA sold approximately 23,093 BTC for $1.63 billion during the first half of 2026 as the company reduced debt and funded operations. The latest exchange transfers have raised questions about further Bitcoin sales, although no completed sale has been confirmed. Blockchain analytics platform Lookonchain reported on Oct. 19 that wallets associated with MARA had deposited the Bitcoin into the two exchanges, suggesting the company may be preparing to sell some of its holdings.
The transactions involved wallets identified through blockchain tracking data, including addresses associated with MARA’s mining operations.
According to the wallet activity referenced by Lookonchain, the funds moved through multiple addresses before reaching their reported exchange destinations.
However, the transfers alone do not confirm that MARA has sold the Bitcoin. The company has not publicly established the purpose of the transactions, and the available records do not show whether the funds were converted into cash, used for trading, or transferred for another purpose.
The reported activity follows a series of Bitcoin sales and treasury transactions by MARA during 2026, when the company began using more of its cryptocurrency reserves to fund operations, repay debt, and support investments in digital infrastructure.
MARA Bitcoin transfers follow another $81 million transaction MARA’s latest exchange deposits were reported less than two weeks after another substantial movement of Bitcoin linked to the company.
On Oct. 9, crypto.news reported a transfer of 996.105 BTC worth approximately $81.13 million from a MARA-associated wallet to an address identified as belonging to Galaxy Digital.
Lookonchain flagged the earlier transaction after identifying the movement through blockchain records.
The transfer took place on Oct. 8 and involved Bitcoin moving from a wallet labeled as belonging to a MARA miner.
Although the transaction raised questions about a possible sale, the blockchain activity did not establish whether Galaxy Digital had purchased the assets or received them for another financial arrangement.
The latest deposits involve different reported destinations, with funds moving to Binance and Gate instead of Galaxy Digital.
Lookonchain’s findings identify the exchange transfers but do not establish whether the coins involved were newly mined Bitcoin or assets previously held in MARA’s treasury.
The two reported movements total approximately 1,996 BTC, valued at roughly $164 million using the dollar estimates published for each transaction. However, the available evidence does not establish whether the movements involved distinct coins or whether any assets were subsequently transferred between the identified destinations.
MARA has previously acknowledged that movements involving its Bitcoin reserves can result from activities other than outright sales.
In its third-quarter 2025 shareholder letter, the company disclosed that it had begun actively managing a portion of its Bitcoin holdings through trading activities, which could cause wallet balances to fluctuate.
The company said most of the Bitcoin allocated to its active management strategy remained in lending arrangements.
MARA sold more than $1.6 billion in Bitcoin during the first half MARA’s reported exchange activity comes after the company substantially reduced its Bitcoin reserves during the first six months of 2026.
The miner sold approximately 23,093 BTC for roughly $1.63 billion during the first half of the year, according to its financial disclosures.
Sales were concentrated in the first quarter, when MARA disposed of 20,880 BTC at an average price of approximately $70,137 per coin.
The transactions generated nearly $1.5 billion as the company sought additional liquidity and reduced outstanding debt.
In March, MARA announced that it had sold 15,133 BTC between March 4 and March 25 for approximately $1.1 billion.
According to the company’s official announcement, the proceeds were intended to support the repurchase of convertible senior notes due in 2030 and 2031.
The repurchase transactions were expected to reduce outstanding convertible debt by approximately 30% and generate around $88.1 million in savings before transaction costs.
MARA continued selling Bitcoin during the second quarter, disposing of another 2,213 BTC at an average price of $73,078.
The company produced 2,422 BTC during the same quarter, leaving its total holdings slightly higher than at the end of March.
By June 30, MARA held 35,577 BTC, compared with 53,822 BTC at the end of December 2025.
Its remaining Bitcoin holdings were valued at approximately $2.1 billion at the end of June, based on a reference price of $58,524 per coin.
MARA’s second-quarter financial results showed revenue falling 27% year over year to $174.9 million, while the company recorded a net loss of $611.3 million.
The company attributed part of its financial performance to changes in the fair value of its digital assets, which resulted in approximately $343 million in losses associated with Bitcoin and related receivables.
Despite the weaker financial results, Bitcoin production rose 3% year over year, while energized hashrate reached 70.3 exahashes per second.
MARA’s second-quarter shareholder letter said the company expected to continue monetizing Bitcoin when market conditions and capital requirements supported doing so.
The policy permits sales to fund operations, provide liquidity, and finance capital projects.
Bitcoin reserves are supporting MARA’s financing plans MARA has increasingly used its Bitcoin holdings for financing arrangements alongside direct sales.
In August, the company pledged 18,750 BTC as initial collateral for two credit facilities that provided $600 million in new borrowing.
The arrangements involved Coinbase Credit and Two Prime Lending, with each providing $300 million in additional financing.
Coinbase’s facility included the refinancing of an existing $150 million credit line, bringing its total principal to $450 million.
Two Prime separately provided a $300 million loan carrying a fixed annual interest rate of 7.65%.
The facilities were structured with a weighted average borrowing cost of approximately 7.56% on the incremental financing.
MARA said the proceeds could support general corporate purposes, including part of the cash consideration for its planned acquisition of Long Ridge Energy & Power.
At the end of June, the company had already allocated 9,270 BTC to its digital asset management strategy.
Of that amount, 4,742 BTC had been loaned to counterparties, while another 4,528 BTC had been pledged as collateral.
The remaining 26,307 BTC were classified as unrestricted holdings at the reporting date.
The company generated approximately $4.3 million in interest income from Bitcoin lending arrangements during the second quarter.
MARA’s filings distinguish between unrestricted Bitcoin, assets loaned to counterparties, and Bitcoin pledged to secure borrowing.
The company has not disclosed whether the latest 1,000 BTC exchange deposits relate to any of those existing financing arrangements.
MARA continues investing in AI and energy infrastructure MARA’s Bitcoin treasury strategy has developed alongside its investments in artificial intelligence, power generation, and high-performance computing infrastructure.
The company has been expanding beyond conventional Bitcoin mining operations by acquiring energy assets and developing facilities that can support computing workloads.
Its planned acquisition of Long Ridge Energy & Power involves a 505-megawatt natural gas power plant in Ohio and a site that could eventually support more than one gigawatt of computing capacity.
The proposed transaction, valued at approximately $1.5 billion, forms part of MARA’s effort to control energy infrastructure used by its mining and computing operations.
The company has identified Bitcoin-backed borrowing as one source of financing for the acquisition.
MARA has pursued another large development in Texas, where it acquired a 1,200-acre powered site with potential access to as much as two gigawatts of grid capacity over time.
The Texas project is intended to support additional digital infrastructure development as the company expands its computing business.
Management has said its potential power portfolio could reach approximately 4.8 gigawatts when its existing assets and planned developments are considered.
The company previously disclosed that it was evaluating the conversion of some Bitcoin mining capacity to artificial intelligence and other computing applications.
MARA’s strategy has included reviewing up to 90% of its non-hosted mining capacity for possible conversion, although the company has not committed to converting that entire amount.
Its second-quarter shareholder letter identified access to electricity, land, and computing infrastructure as priorities for future investment.
The company reported purchased energy costs of approximately $38,690 per Bitcoin at its owned facilities during the quarter.
MARA mined 2,422 BTC during the period and reported that no Bitcoin was purchased in the second quarter.
Its financial disclosures stated that Bitcoin would remain part of the company’s capital management strategy, with holdings available for lending, collateral arrangements, and sales depending on business requirements.
The company has said its Bitcoin monetization decisions remain subject to market conditions and capital allocation priorities.
Identity project World, co-founded by OpenAI CEO Sam Altman, has officially launched a World ID verification product tailored for banks and financial institutions. The suite, unveiled at the Money20/20 conference, marks the project’s first industry-specific custom offering. It integrates three products: the World ID app (an identity wallet for storing user "proofs"), World ID for Zoom (a tool to confirm call counterparts are real humans), and World ID for Agents (AgentKit, which allows users to delegate identity verification to AI agents). World ID for Zoom, after limited testing in April, is now fully available; its lead developer Tools for Humanity has also joined Zoom’s Independent Software Vendor (ISV) program. In terms of implementation partnerships, World said it is exploring use cases for the technology in financial services with design partners including OpenExchange, Bain Capital, VanEck Funds, and Outtake, but did not disclose specific bank clients or pricing details. World highlighted that as AI becomes more widespread, businesses are increasingly requiring users to provide "proof" to mitigate fraud risks. Deloitte projects that U.S. AI-driven fraud losses will reach $40 billion by 2027. Currently, over 18 million people globally hold World’s "Proof of Humanity" credentials. Additionally, the project launched last month the self-custodial app World Money, which covers over 150 countries, and raised $52.5 million via a WLD token sale in July.
The Commodity Futures Trading Commission (CFTC) has proposed a new framework that could allow U.S. cryptocurrency exchanges to opt for federal oversight. This proposed structure aims to create a new registration category known as the “crypto asset market,” which would fall under the CFTC’s jurisdiction. This framework is designed to cover exchanges offering leveraged, margined, or financed retail activity, incorporating requirements like market surveillance, anti-manipulation, customer protection, and proof-of-reserves controls. Basic spot exchanges may continue to operate primarily under state money-transmitter licenses, as the CFTC currently lacks the authority to enforce universal federal registration.
Key Takeaways
The CFTC’s proposal appears to indicate a move towards more structured federal oversight for certain crypto exchanges.
Market pricing suggests that the proposal could be supportive of a YES outcome for Bitcoin price increases in the short term.
The proposal is consistent with efforts to improve regulatory clarity and consumer protection in the cryptocurrency space.
What to Watch
Observers will be keen to see how major exchanges like Coinbase and Binance respond to the CFTC’s proposal. Any indication of support or resistance from key players could impact market sentiment. Additionally, the response from lawmakers and regulators, including any steps towards formal adoption or amendments to the proposal, will be critical in determining its future impact on the market. Markets will be monitoring these developments closely, as they could significantly influence Bitcoin’s price trajectory in the near term.
Bitcoin has long carried a reputation for extreme price swings that set it apart from conventional investments. A recent analysis from Grayscale, however, places those movements in a more familiar context by measuring them against individual stocks in the S&P 500.
According to the firm’s research note published on October 14, 2026, Bitcoin’s realized volatility over the past year stood at 43 percent.
That figure sits below the asset’s 10-year average of 64 percent and well under the 81 percent level recorded five years earlier.
Realized volatility tracks actual historical price movements rather than market expectations of future moves.
The one-year reading now falls inside the distribution of volatility observed among S&P 500 constituents.
More specifically, Bitcoin’s recent volatility was lower than that of 19 percent of the companies in the index, meaning a meaningful share of large-cap equities experienced larger price fluctuations over the same period.
The decline is not limited to the most recent twelve months.
Over the past decade, Bitcoin’s price swings have narrowed considerably as the market has matured.
Grayscale attributes the change to several structural developments: deeper market liquidity, broader institutional participation, and the expansion of regulated access points, including the spot Bitcoin exchange-traded products approved in the United States in 2024.
These factors have reduced the extremes that characterized the asset’s earlier years, when thin order books and limited institutional involvement amplified moves in both directions.
Even with the reduction, Bitcoin’s volatility remains higher than that of most individual S&P 500 stocks in the comparison sample.
The firm’s researchers note, however, that it no longer occupies a distinctly separate risk category.
The practical implication for portfolio construction is a shift in the central question investors face.
Rather than debating whether to hold an asset perceived as uniquely volatile, the focus moves to determining an appropriate position size that aligns with an investor’s overall risk tolerance and the way the holding interacts with the rest of a portfolio.
The same position-sizing and diversification tools already applied to high-volatility equities can be used for Bitcoin.
A single year of data does not fully capture Bitcoin’s behavior across complete market cycles, and realized volatility is inherently backward-looking. Still, the comparison supplies a concrete reference point against widely owned equities.
For investors who already allocate to volatile stocks—particularly growth-oriented names—the magnitude of Bitcoin’s recent price fluctuations may appear less exceptional than its long-standing reputation suggests.
The research emphasizes that any potential allocation still warrants the same disciplined evaluation of risk and opportunity applied to other holdings.
Grayscale’s analysis draws on data from Artemis as of October 14, 2026.
The findings align with broader observations that 2025 ranked among the least volatile years on record for the asset, according to separate research from K33. Together, the numbers illustrate how market infrastructure and participant mix have altered Bitcoin’s day-to-day behavior, even as larger drawdowns remain possible during periods of stress.
Cyklusově upravený percentil ukazatele MVRV Bitcoinu klesl po opakovaném odmítnutí na úrovni 87 000 USD na 25,7 %, což historicky odpovídá akumulačnímu pásmu.
Bitcoin keeps knocking on the door at $87,000. The door keeps not opening.
After repeated rejections near that level, a key on-chain valuation gauge has slipped below its 30th percentile. Crypto analyst Darkfost reported on October 18, 2026 that Bitcoin’s cycle-adjusted MVRV percentile had fallen to 25.7%, a reading tied to what has historically been accumulation territory.
What the MVRV reading actually says For Bitcoin, MVRV compares market value, the current price applied to all coins, against realized value, which prices each coin at the moment it last moved on-chain. When the gap is wide, holders are sitting on fat paper gains. When it narrows, the market is closer to its collective cost basis.
Darkfost’s version adds a twist. Rather than relying on the raw MVRV ratio, the analysis uses a percentile adjusted for current market conditions across cycles, asking how today’s valuation ranks against Bitcoin’s own history.
At 25.7%, Bitcoin is back in a band it has occupied only about 25% of the time. Historically, that region has been associated with accumulation rather than euphoria.
There is a nuance worth noting. The current reading sits in accumulation territory, but it has not entered the extreme undervaluation band that has historically lined up with major market lows.
The $87,000 problem Bitcoin faced at least three price rejections near or above $87,000 between late September and early October 2026.
When Darkfost’s observation landed, Bitcoin’s spot price was sitting between $81,700 and $81,900. That marks a clear pullback from the $87,000 resistance level that buyers have repeatedly failed to clear.
The research describes the recent selling as appearing capitulation-style, and the analysis suggests it may set up a transitional accumulation phase.
Lookonchain, KuCoin, Odaily and Cointelegraph all picked up Darkfost’s findings on the same day.
Long-term holders and ETFs: the supply side The research indicates that long-term Bitcoin holders are currently distributing more coins than they are acquiring.
US spot Bitcoin ETFs have been one candidate to absorb that supply. Net inflows to those products were mildly positive in September 2026. Flows have since flattened or tipped into slight outflows in October.
Why cycle-adjusted metrics are getting attention Raw on-chain metrics have a known weakness. As Bitcoin matures and its market structure changes, thresholds that worked in earlier cycles can drift out of usefulness. A cycle-adjusted percentile tries to correct for that by ranking current conditions against a moving historical backdrop.
What this means for traders and investors The research frames a potential strategic entry as dependent on the market holding around the $81,700 range and showing signs of a bullish reversal.
Long-term holders are net distributing, and ETF demand has cooled from September’s modest gains. If outflows begin to outpace inflows in a meaningful way, the accumulation thesis loses one of its supporting legs.
The current reading has exited the extreme undervaluation band most closely tied to historical market lows, leaving room for the metric to fall further before conditions match past cycle floors.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
According to David Schwartz, the chief architect of the XRP Ledger and Ripple’s CTO Emeritus, most people who hold or follow XRP do not know what its underlying network was built to do.
Schwartz spoke at Nasdaq during the celebration of Evernorth’s public listing. He said the most common misunderstanding is about where the XRP Ledger sits among the major blockchains. In his view, it has more functionality than Bitcoin but less than Ethereum or Solana, and that middle position is deliberate.
The Misconception Schwartz Wants To CorrectSchwartz described the ledger as built for a narrow set of financial tasks rather than general-purpose computing. Those tasks include:
Tokenization of real-world assetsPayments and liquidityLendingStablecoinsHe said this focus makes the network strong for some use cases and a poor fit for others. It does not support every application a developer might write. Instead, the ledger comes with what he called curated financial primitives, designed to meet the standards financial institutions expect.
Three Reasons Institutions Pick The XRP LedgerAsked why a bank or financial firm should build on the network, Schwartz gave three reasons:
It is fast, cheap and reliable.It is decentralized, so no single party can turn the system against its users.It comes connected to ready-made financial tools.RLUSD And A Multi-Chain FutureSchwartz said XRP Ledger supporters should not expect a single-chain outcome. Ripple’s RLUSD stablecoin runs on the XRP Ledger, but he said it also needs to be on other networks to reach more users and deeper liquidity.
He explained the goal in personal terms. People leave money idle in bank accounts, he said, because moving it somewhere it can earn a return takes effort. He wants the industry to reach a point where users think only about what their money is doing, not where it sits.
AI Agents Could Turn Blockchains Into Settlement LayersOn artificial intelligence, Schwartz said high-volume payments between AI agents may run on fast, low-cost payment channels, with final settlement on a blockchain. He expects some countries to become net buyers of AI services and others net sellers. Settling those imbalances, he said, will require a neutral settlement network. He did not say that network would be the XRP Ledger.
Ripple’s 2027 FocusLooking ahead to 2027, Schwartz pointed to Ripple’s acquisitions of GTreasury and Hidden Road. He said Ripple is combining them into one business. It plans to cross-sell products to clients who already move trillions of dollars through systems that do not touch crypto.
Schwartz said the Evernorth listing shows crypto connecting with traditional finance. It gives investors a way to hold XRP through retirement accounts and on corporate balance sheets.
Story Ends Here
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South Korea’s biggest crypto exchange just had a quieter week. Upbit reported weekly trading volume of 8.35 trillion won for the week ending October 18, 2026, a 15.5% decrease from the prior week.
That works out to approximately $6.28 billion.
The more interesting detail sits inside the total. XRP was the most traded asset on the platform during the week, finishing ahead of both Bitcoin and USDT.
Inside the numbers
In mid-October 2026, Upbit’s 24-hour trading volumes swung between $340 million and over $1.2 billion on active days.
The ranking of assets adds texture. XRP topped the volume table, with Bitcoin in second and the stablecoin USDT in third.
USDT’s presence in the top three is also worth a brief note. Stablecoins are tokens designed to track the US dollar, so heavy USDT trading can reflect traders moving between risk assets and something closer to cash.
A wider slowdown across Korean exchanges
Upbit was not alone in feeling the slowdown. Volume across major South Korean platforms fell by 19.56% in a preceding week, pointing to a broader pullback rather than a problem specific to one venue.
Measured against that figure, Upbit’s 15.5% decline looks somewhat milder.
Upbit has consistently held its position as the leading exchange in the country, regularly outpacing rivals such as Bithumb.
Upbit’s volumes have often reacted to swings in domestic stock markets, which suggests many Korean traders treat crypto and equities as neighboring options rather than separate worlds.
What this means for traders and the market
The most immediate implication is about liquidity. Lower volume generally means thinner order books, which can make prices more sensitive to large buy or sell orders.
XRP’s leadership is the other storyline to watch. Even as total activity fell, traders still concentrated a large share of their attention on a single asset, and that asset was not Bitcoin.
For the competitive landscape, rivals like Bithumb face the same headwinds. The broader 19.56% drop seen in a preceding week suggests the challenge across the sector is attracting volume at all, not just winning share from one another.
Looking ahead, the key signals will be whether weekly volume stabilizes near the 8.35 trillion won level or keeps sliding, and whether XRP keeps its spot at the top of the table.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Digital Asset Investor očekává, že XRP po skončení sporu se SEC překoná historické maximum; v současnosti se však nachází 62,5 % pod vrcholem z ledna 2018.
CoinDesk has published a comparative chart highlighting the performance of major cryptocurrencies since their peaks in December 2017 and January 2018. According to the chart, Bitcoin is trading 314% above its previous all time high, while BNB leads the group with a gain of 2,818%. Ethereum has risen 66% over its earlier peak, and Dogecoin has gained 322%.
Lagging performance for XRP against peersUnlike these assets, XRP currently trades around $1.33, which remains 62.5% below its all time high from January 2018. This underperformance stands out in the context of other large-cap cryptocurrencies, all of which have exceeded their previous highs by substantial margins.
Commentators in the crypto community, including Digital Asset Investor (@digitalassetbuy), have drawn attention to the divergence. Many see XRP’s position as evidence of lagging returns. However, Digital Asset Investor takes a different view, arguing the circumstances behind the numbers set XRP apart from its competitors.
Legal headwinds and their impactDigital Asset Investor emphasized that the CoinDesk analysis does not reflect the unique challenges XRP has faced in recent years. He pointed out that XRP was the only token among those compared that dealt with five years of regulatory pressure and enforcement actions, most notably a prolonged lawsuit by the US Securities and Exchange Commission (SEC).
At one time, XRP surpassed Ethereum by market capitalization and was positioned to potentially challenge Bitcoin as the leading cryptocurrency. Digital Asset Investor suggested the legal challenges directed at Ripple and XRP were significant factors contributing to the asset’s prolonged period of underperformance relative to its peers.
He sees these challenges not as evidence of fundamental weakness but as important context behind the numbers. He maintains that regulatory uncertainty has suppressed XRP’s ability to follow the growth of other large cryptocurrencies.
“XRP was the only one out of all of that list that has been attacked in every way known to man, including a five-year SEC lawsuit,” Digital Asset Investor stated, adding that the prolonged legal battles weighed heavily on the asset’s market trajectory.
Mini dictionary: Ripple, a San Francisco–based fintech company, is the primary developer of XRP and its network; the SEC lawsuit alleged that sales of XRP constituted an unregistered securities offering, a case watched closely by the global crypto industry.
AssetCurrent vs Previous ATHBitcoin+314%BNB+2,818%Ethereum+66%Dogecoin+322%XRP-62.5%Renewed optimism after legal resolutionWith the SEC lawsuit concluded and a US court determining that XRP is not a security, Digital Asset Investor believes the most significant obstacles to XRP’s growth have been removed. He pointed out that regulatory clarity is returning, with the SEC and Commodity Futures Trading Commission (CFTC) pushing for clearer rules in the US market.
Digital Asset Investor explained that these developments have led him to become “more bullish on XRP by a long shot than any of them,” referring to Bitcoin, Ethereum, BNB, and Dogecoin.
He maintains that, “All of the roadblocks are out of the way now,” and that the resolution of the legal battle has put XRP in a better position to regain lost ground.
Expectations for XRP’s future priceLooking ahead, Digital Asset Investor stated that he does not intend to sell his XRP position at a price of $5 to $10, indicating his belief that these levels would not reflect the full potential of a post-litigation XRP market. He interprets the underperformance shown by CoinDesk’s chart as a sign that XRP remains a compressed asset now ready to move, rather than a project in decline.
Spoluzakladatel Etherea Vitalik Buterin představil experimentální „paranoidní režim“ pro agenty AI, který kombinuje Tor, zkAPI a lokální přeformulování promptů pro větší soukromí.
Ethereum co-founder Vitalik Buterin has outlined an experimental privacy framework for artificial intelligence agents that layers anonymous payments, network anonymization, and on-device prompt handling.
The approach, which he describes as a “paranoid mode” wrapper around his personal agent harness, aims to limit the exposure of user identities and sensitive details when agents interact with external language models.
The system is packaged as a daemon compatible with the OpenAI application programming interface. Inside it, three distinct protections operate together.
First, every conversation is assigned its own circuit on the Tor network.
Wrapped zkAPI + Tor + extra cover traffic + local LLM prompt rewriting in an open-AI compatible daemon, and made a "paranoid mode" wrapper for my agent harness (pi):
Each conversation gets assigned a separate Tor circuit, your requests are masked with random cover traffic, zkAPI… pic.twitter.com/2y236zA0cw
— vitalik.eth (@VitalikButerin) October 16, 2026
Requests are further obscured by the injection of random cover traffic, which is intended to make genuine queries harder to distinguish from background noise on the basis of timing or volume.
Second, payment for model usage is handled through zkAPI, a protocol developed with involvement from the Open Anonymity Project and the Ethereum Foundation.
zkAPI allows a user to maintain a private balance and prove, via zero-knowledge proofs, that sufficient funds exist for a request without linking that request back to a specific on-chain deposit or wallet identity.
Third, prompts are rewritten on the user’s own machine by a local language model before they leave the device.
Buterin has indicated he uses a Qwen 3.8 Flash Next model for this step, so that stylistic markers and potentially identifying wording can be altered prior to transmission.
The agent harness itself runs inside a bubblewrap sandbox, with additional experiments underway involving MicroVM isolation.
The entire environment is then wrapped with torsocks, forcing all outbound connections through Tor.
In a short demonstration, Buterin asked the agent to perform a simple research task—identifying vegan restaurants in Tallinn—and reported that the stack returned usable results.
He characterized the overall experience as increasingly practical, while noting that the added layers introduce noticeable latency, particularly when a new conversation begins and a fresh Tor circuit must be established.Buterin has also flagged remaining limitations.
He observes that Tor, while helpful against passive observers, is far from ideal for this use case.
Cover traffic offers only modest protection if an AI service provider colludes with a Tor entry (guard) node and actively manipulates timing patterns.
In such scenarios, he suggests that a purpose-built mix network, accepting higher bandwidth overhead and continuous cover traffic, would be more appropriate.
Separately, he notes that substantially lower gas costs for zkAPI deposits and withdrawals are expected to arrive on Ethereum mainnet in the near term, which could enlarge the anonymity set available to users.
The arrangement offers a concrete illustration of how AI-powered agents might access remote models while reducing the linkage between prompts, network metadata, and payment credentials.
It does not eliminate all possible leakage paths, nor does it claim to replace the need for stronger anonymity systems in the long run. The code for the daemon and related components has been made available for inspection, allowing others to examine, test, or adapt the design.
Even a tiny rise in bank deposit rates could slow stablecoin growth significantly. According to a recent study by the Bank for International Settlements (BIS), a one basis point increase in bank interest rates reduces the growth in market capitalization of stablecoins by about 3% over ten weeks.
Given that the overall growth is at approximately 15% annually, this decrease would reduce the amount of growth to be approximately 12% annually. USD Coin [USDC] shows greater sensitivity, with growth declining 4.8 percentage points, compared with USDT’s 1.9-point reduction.
Source: BIS This difference highlights USDC’s closer ties to U.S. users and institutions. Moreover, higher bank yields make deposits more attractive relative to stablecoins. Yet, the effect remains specific to stablecoins, as researchers found no significant link with other cryptocurrencies.
Therefore, increasing interest rates may slow down the growth of new stable coins but will not eliminate the current supply of stablecoins.
Visa expands USDC payment rails On the other hand, while bank rates challenge stablecoin demand, Visa’s stablecoin expansion highlights growing real-world payment utility.
For example, Visa Direct currently allows payment of wages or purchases made using USDC-funded cross-border payouts in more than 180 countries. Inyo Global is their first partner.
This feature may provide a method for obtaining additional demand for stablecoins beyond simply trading or using decentralized finance.
It should also allow businesses to draw upon available funds at any time, avoiding reliance on banking hours or correspondent networks.
Source: Businesswire At present, there are still over $300 billion in outstanding stablecoin capitalization. If Visa continues to expand its service to include more countries and/or additional banks, it appears possible that additional demand for stablecoins may develop.
However, if the rate of adoption is slower than expected, stablecoin holders who do not earn interest on their stablecoins may need to consider alternative forms of stablecoins. Some of these alternative forms of stablecoins are already paying interest on idle money.
USDC payment activity accelerates Visa’s dollar-based stablecoin settlement volume is already at an annualized run rate of $20 billion. That represents more than a 15-fold increase compared with last year.
That data suggests that stablecoins are shifting from purely speculative holdings to being used for actual payments.
Still, according to DeFiLlama data, USDC total circulating supply stands at $72.6 billion. That said, measuring how much USDC is involved in transactional activity is key to determining whether stablecoins are actually supporting commerce or simply accumulating wealth.
Source: DeFiLlama If the amount of USDC used in settlements grows faster than the circulating supply of USDC, it could begin to counteract some of the loss in demand due to increasing deposit rates at banks.
For this trend to continue, merchants and others will need to continue processing multiple transactions using prefunded USDC balances.
Final Summary Stablecoin growth faces pressure as rising bank deposit rates make traditional savings more attractive, slowing market capitalization expansion.
USD Coin [USDC] payment adoption could support stablecoin demand as Visa’s settlement volume exceeds a $20 billion annualized run rate.
Monero [XMR] stood out among the market’s few gainers, surging 10% over the previous 24 hours despite broader bearish pressure.
AMBCrypto’s Monero price prediction also pointed to bullish signals.
Trading Volume nearly doubled to $147 million, indicating increased market participation. Spot and Futures activity also climbed as traders returned to the privacy-focused cryptocurrency.
Meanwhile, rising Open Interest and long-heavy positioning suggested growing appetite for leveraged exposure. The recovery had buyers behind it. Whether that demand could keep pace with leverage would help determine its staying power.
Source: Santiment Is Monero’s spot demand keeping pace? Both Spot and Futures markets recorded sharp increases in activity.
Monero’s Spot Volume jumped 171% to $13.13 million, while Futures Volume increased 70% to $200 million.
Spot activity grew faster in percentage terms, although reported Futures Volume remained considerably larger. That gave the recovery a stronger participation backdrop.
However, Trading Volume measured activity on both sides, rather than buying pressure alone.
Source: CoinGlass Could crowded longs threaten XMR’s recovery? According to AMBCrypto’s analysis of derivatives data, Monero’s Open Interest rose 11% to $261 million. The increase showed that the value of outstanding derivatives contracts expanded as XMR recovered.
Source: CoinGlass Meanwhile, the reported Long/Short positioning data put longs at approximately 63%, indicating a bullish skew within the tracked sample.
This positioning could accompany further gains if Spot demand remained strong and prices continued rising.
However, the same bullish crowd could become vulnerable if buying faded. Forced exits from leveraged longs could then intensify selling pressure.
Source: Coinalyze Can Monero’s price recovery reach $650? XMR’s rising Trading Volume and Open Interest showed renewed participation. Long-heavy positioning also suggested bullish expectations among tracked traders.
For the recovery to continue, buyers would need to sustain demand and defend the latest gains.
On the daily chart, Monero traded above its key Exponential Moving Averages (EMAs). It also continued respecting the $475–$500 demand zone. That area had produced several rebounds, giving traders an established support region to watch.
If bullish momentum continued, the $650 swing high could become the next upside target. Conversely, weaker Spot activity or unwinding longs could stall the recovery. The $475–$500 zone would then become a test of buyer commitment.
Source: TradingView Final Summary Monero gained 10% as Spot Volume, Futures Volume, and Open Interest increased. Sustained demand could support XMR’s move toward $650, while crowded longs could amplify a reversal.
Theta Network has partnered with telecom firm Weaver Labs, which will use Theta's decentralized GPU network as an AI compute resource for its Cell-Stack platform. THETA is down about 16% on the week.
Theta Network has announced a partnership with Weaver Labs, a blockchain-linked telecom company. Under the deal, Weaver will use Theta's decentralized GPU network as an AI compute resource for Cell-Stack, its connectivity platform. The native $THETA token is down nearly 17% over the past week.
What the partnership coversThe announcement was made on October 7. In its own words, Theta described Cell-Stack as
Weaver Labs is a telecom software company. Its website describes Cell-Stack as The platform has already been tested in a live venue setting.
Theta's side of the arrangement is its EdgeCloud offering. The deal is meant to let venues run AI workloads such as video and analytics using distributed GPUs, without the need for large new hardware deployments on site.
THETA price actionThe token has not reacted positively to the news. Other trackers show a smaller weekly decline, which reflects differences in timing and data sources. The same analysis noted that
That suggests the weekly decline is linked more to broader market conditions than to the partnership itself. Whether the deal translates into sustained demand for Theta's GPU network will depend on how many venues adopt the combined offering and how much compute they use.
Sources:
TradingView News: Theta Network Partners With Weaver LabsCoinGecko: Theta Network (THETA) price dataSoccerex: Transforming Stadium Connectivity with Cell-Stack
Filecoin 19. října spustí aktualizaci Solstice, která nasměruje více blokových odměn ke službám získávajícím platící zákazníky; nevyužitá část odměn se bude spalovat.
Filecoin [FIL] is down 8.95% in 24 hours, with a 27.3% plunge in daily trading volume and a 9.8% decline in Open Interest. Sometimes trading volume tends to fall during weekends.
The combination of a sizeable price and Open Interest decline showed pessimistic market expectations in the short term.
In other news, Filecoin’s Solstice upgrade (FIP118) is set to go live on the 19th of October. The upgrade will change how block rewards flow and direct a growing share to services that bring paying customers onto the network.
Solstice reduces the share that goes to consensus-only mining, and any unearned service share is burned.
Genesis vesting came to an end on the 15th of October. AMBCrypto reported that the termination will reduce the FIL emissions by 75%. Reduced supply is expected to increase scarcity and drive appreciation in the long term.
Filecoin price trends maintain bullish bias
Earlier this week, it was reported that rising whale demand could keep the bullish Filecoin momentum going. Bearish pressure on Bitcoin [BTC] spread across the crypto market, though there was still potential for recovery.
Source: FIL/USDT on TradingView
Since the local high of $1.276 made on the 11th of October, Filecoin prices have retreated by 17.18%. The price was still above the two key demand zones at $0.95 and $0.80.
The latter area was the one whose breach confirmed a bullish swing structure shift for FIL.
The technical indicators were fairly bullish but signaled a pullback in the short term. The RSI and the MACD were retreating toward neutral levels to show short-term bearishness, but the OBV was still in a firm uptrend that began in September.
Traders’ call to action – Round number support expected to hold
Source: FIL/USDT on TradingView
The swing structure on the 4-hour timeframe was bullish. A session close below $0.985 is needed to flip this in favor of the sellers. Even then, the daily swing structure would still be in favor of the bulls.
Given this context and Bitcoin’s resilience so far above the $80k level, it appeared likely that FIL would continue to defend the $1 psychological demand zone.
Final Summary
The Filecoin Solstice upgrade is a boost for services that bring paying customers to the network.
The short-term sentiment was bearish, but bulls have a good chance of keeping the uptrend going so long as the psychological $1 level is defended.
Hyperliquid (HYPE) holders have lost 15% in a month as the token fell harder than Bitcoin, Ethereum, and Solana. Yet analysts are more bullish on it than on any other major cryptocurrency, according to CryptoQuant’s ranking of analysts.
HYPE traded at $76.55 on Sunday, about 22% below its September 23 record of $97.96. The token is worth roughly $17 billion.
Hyperliquid (HYPE) Price Performance. Source: BeInCryptoWhy is HYPE Falling Harder than the Market?Over the same 30 days, Bitcoin (BTC) was flat, while Ethereum (ETH) and Solana (SOL) each lost about 9%.
One cause is specific to HYPE. On October 6, Hyperliquid’s team received 3.75 million HYPE, then worth about $340 million, in a scheduled payout, according to unlock tracker Tokenomist.
A co-founder said the batch would be sold off-exchange to one institutional buyer. Neither the buyer nor the price was disclosed.
That payout was worth nearly five times the $71 million Hyperliquid generated for buybacks over the past 30 days, DefiLlama data shows.
The platform, a venue for trading crypto futures, routes about 99% of trading fees into daily HYPE purchases, according to CoinShares.
Traders betting on higher prices with borrowed money lost $688.56 million to forced closures in one day this month, BeInCrypto reported in its Hyperliquid whale coverage.
How Bullish are Analysts on HYPE?CryptoQuant scores how strongly analysts lean bullish against each coin’s own recent history. HYPE topped its ranking at 2.3 standard deviations above normal. BNB, Solana, Bitcoin, and Cardano (ADA) followed.
Analysts Are Most Bullish on Hyperliquid. Source: Ki Young Ju/X “The most bullish crypto asset by analyst sentiment is $HYPE,” noted Ki Young Ju, founder and CEO of CryptoQuant.
The leading call on the firm’s chart targets $100 to $120.
By raw share, HYPE is not the most backed. CryptoQuant’s page shows 90% of tracked analysts bullish on HYPE, against 100% for ADA and 92% for Uniswap (UNI).
HYPE Becomes Crypto’s Most Bullish Bet as Price Drops 15% in a MonthHistory offers a contrast. HYPE’s last big pullback, from about $75 in early June to near $52 in August, came as analyst sentiment turned bearish on CryptoQuant’s chart. This time, sentiment has stayed bullish through the drop.
For holders, two figures now test the bull case. One is whether daily buybacks can absorb selling. The other is $75.14, a support level flagged in BeInCrypto’s weekend analysis.
HYPE trades less than $1.50 above it, per the Hyperliquid price page.
Solana recorded 557 million stablecoin transfers in September, reflecting a 33% increase compared to August. This brings the daily average to 18.6 million stablecoin transactions, underlining the rising level of network activity.
Stablecoin Transfers Surge on Solana NetworkStablecoins are digital assets pegged to fiat currencies such as the US dollar and serve as vital tools for payments, trading, and decentralized finance (DeFi) within the crypto ecosystem. Their utility extends to supporting liquidity across blockchain networks, enhancing Solana’s role in facilitating on-chain transactions.
The growing volume of stablecoin transfers does not directly imply a rise in unique users or total transaction value, but it often signals heightened network usage and platform adoption. These figures also add to the ongoing assessment of Solana’s ecosystem growth.
Metrics such as stablecoin supply, transaction value, active addresses, and trading activity on decentralized exchanges can further illuminate the pace of expansion on the network.
Mini dictionary: Stablecoin, a cryptocurrency whose value is pegged to a reserve asset (often a fiat currency like the US dollar), providing price stability and allowing users to transact on blockchain networks without the volatility typical of other cryptocurrencies.
Technical Analysis Highlights Bullish Pattern for SOLSolana Hub, a cryptocurrency analytics resource, recently identified an ascending triangle pattern in SOL’s price chart. This technical structure is formed when buyers consistently enter the market at increasing price levels while sellers maintain resistance near a set point, tightening the price range.
An ascending triangle is generally interpreted by traders as a bullish formation. A breakout above the resistance may indicate accelerating buyer momentum and could trigger further upside if accompanied by increased trading volume. Conversely, a failure to break through resistance could see SOL consolidating or even declining.
MetricSeptemberAugustStablecoin Transfers557 million419 millionAverage Daily Transfers18.6 million13.5 millionPercentage Change+33%–Solana Hub also referenced the Relative Strength Index (RSI), a momentum indicator used to evaluate the speed and change of price movements. Though a rising RSI can support bullish setups, it is subject to rapid fluctuations, and confirmation of a breakout requires sustained buying pressure and broader market support.
Solana Hub highlighted that SOL’s ascending triangle formation could set the stage for a significant breakout if buyers manage to pierce resistance, with a potential long-term target cited at $1,000—though this remains highly speculative and would demand a considerable price rally as well as strong overall market conditions.
Outlook Hinges on Network Fundamentals and Broader TrendsSolana, a high-speed blockchain known for its scalable architecture and developer-driven ecosystem, has cemented its position as a leading smart contract platform. The September surge in stablecoin transfers reinforces its appeal for decentralized payments and liquidity solutions.
However, analysts have cautioned that increased network adoption does not always translate into a proportionate rise in the price of the native SOL token. Factors such as overall crypto market conditions, network liquidity, and investor sentiment play crucial roles in price direction.
Traders are watching for confirmation of a breakout above resistance identified by Solana Hub, which could encourage bullish sentiment if accompanied by higher volume. Should this fail, SOL may remain in consolidation or move to lower support levels.
The ultimate direction for SOL will depend not just on chart patterns but a complex mix of network usage, liquidity, market capitalization, and global crypto trends. The optimism about a possible $1,000 milestone remains speculative and subject to market realities.
September’s activity demonstrates Solana’s robust ecosystem, but prospective investors are urged to weigh all relevant data and remain cautious due to ongoing market volatility.
Stacks ve 4. čtvrtletí zavede měsíční bonding BTC a začátkem prosince nasadí upgrade Epoch 4.1, který nastaví Clarity 7 jako výchozí verzi pro nové smart kontrakty.
Stacks has laid out its fourth-quarter game plan, and it centers on getting more Bitcoin locked into its system.
The Bitcoin layer 2 protocol says Q4 will focus on growing BTC bonds, putting that BTC to work in ecosystem apps, and shipping the Epoch 4.1 network upgrade in early December.
The priorities arrived alongside the protocol’s Q3 Ecosystem Report, released on October 15, 2026.
Monthly bonds and a December upgrade Stacks plans to run Bitcoin Staking bonding periods on a monthly schedule. The first of these monthly windows, Bond 3, is slated to open around November 10, 2026.
Bitcoin Staking has drawn 735 BTC in total across its first two phases. That figure splits into 250 BTC from the inaugural Genesis Bond and 505 BTC from Period 2.
The other big Q4 item is Epoch 4.1, the next network upgrade, which Stacks is targeting for early December. Epoch 4.1 will make Clarity 7 the default for new smart contracts on the network.
Stacks says the exact activation block height will be announced 30 days ahead of time.
Staking growth and a leadership shift The Q3 report also pointed to a jump in STX staking. After the PoX-5 upgrade, the amount of staked STX climbed from 392 million to 493 million, an increase of more than 25%.
STX rose approximately 50% over the four weeks leading to October 13, 2026, outperforming Bitcoin across that stretch. The research findings tie that outperformance to increased institutional participation in liquid staking.
The report landed alongside a leadership change. Stacks founder Muneeb Ali transitioned to CEO of Stacks Labs as the report was released.
With the new role came a long-range strategic vision branded the “Satoshi Upgrades.” The plan aims to expand Bitcoin’s capabilities in three areas: capital markets, privacy, and post-quantum security, with a timeline running through 2030.
What this means for Stacks and BTC holders For developers, Epoch 4.1 is the item to circle on the calendar. Clarity 7 becoming the default for new contracts means teams building in December and beyond should plan around the updated version. The 30-day notice on the activation block height gives node operators, app teams, and anyone running infrastructure a month of notice before the switch flips.
Stacks is juggling a new bonding cadence, an app-integration push, a December upgrade, and a CEO transition, all in a single quarter.
The near-term scorecard is simple: watch Bond 3 intake around November 10, watch for the Epoch 4.1 block height announcement, and watch whether the BTC flowing into Stacks starts showing up inside actual apps.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The Sandbox [SAND] recorded a 15% daily surge and was trading at around $0.0663 at press time. The sharp bullish move outperformed a largely flat crypto market as the token’s trading activity also accelerated to a new weekly high.
The network’s increasing trading volume has played a key role in the current price surge. At the time of writing, The Sandbox’s trading volume had recorded a sharp spike by about 543% to $256.95 million, signaling an abrupt increase in market participation.
Adding to the bullish technicals and network trading activity, SAND exchange reserves have also risen sharply over the past 48 hours. Could this signal growing selling pressure just as buyers attempt to extend the breakout?
Source: Santiment
Retail activity is also on a surge
According to AMBCrypto’s analysis on who is driving the trading volume, retail traders seem to be taking the driver’s seat. Spot retail activity reveals a heavy presence of retail orders at the current trading price.
This indicates that the token price action is majorly under retail control, which is a key development despite many investors classifying retail-led rallies as short-lived.
However, it is also important to note that retail traders mostly initiate a price movement before whales and big whales follow. For SAND, we cannot overwrite the same repeating. But as it stands, retail traders are making the first move.
Source: CryptoQuant
Rising exchange reserves raise a warning
Contrary to the above-mentioned bullish signals, a sharp spike in SAND’s exchange reserves introduces a potentially bearish counter signal. To be specific, the exchange reserve had spiked sharply by over $15 million to the trailing amount at $106.4 million since the 16th of October.
The increasing exchange reserves suggests that holders are moving tokens onto trading platforms, potentially preparing to sell. If that supply reaches the market while buying pressure fades, it could limit further gains.
However, exchange inflows do not automatically translate into selling. Traders may also move tokens to exchanges for liquidity management or other purposes.
Source: CryptoQuant
Can SAND sustain the rally?
SAND’s 15% gain and explosive volume growth have improved its short-term technical outlook. Yet the recent increase in exchange reserves sends some cautionary signals to the market bulls.
For bulls to maintain control, SAND needs to hold above its EMA support levels while spot demand remains strong. If exchange-related selling pressure increases, the token could surrender part of its recent gains.
As it stands, the network’s volume trading supports the rally, but rising exchange reserves warrant caution. The next move will depend on whether buyers can absorb potential selling pressure.
On the daily chart, buyers seemed to be dominating, with the swing high at $0.100 standing out as the next potential target for the network bulls.
Source: TradingView
Final Summary
SAND records significant gains as the network trading volume records a sharp spike over the last 24 hours.
The network’s rising exchange reserves introduce a potential bearish signal, as additional exchange-held supply could increase selling pressure if holders begin taking profits.
Debata o ONDO sílí: token poskytuje hlasovací práva v Ondo DAO a Flux Finance, nikoli nárok na dividendy či podíl ve společnosti. Tokenizovaná aktiva Ondo na Solaně mezitím překročila 500 milionů USD.
TLDR: ONDO is described by the Ondo Foundation as a governance token for the Ondo DAO and Flux Finance. Published risk disclosures say ONDO holders have no shareholder rights or claim to company dividends. Andreou asks for a clear mechanism, enforceable scope and measurable benefit linking products to holders. Ondo’s Solana tokenized assets passed $500M, and Ondo Stocks reached $1B TVL and $18B in volume. The ONDO token faces a fresh debate over what its holders actually own as Ondo expands its tokenized finance business. Questions have emerged over how product growth translates into value for token holders.
Meanwhile, tokenized assets tied to Ondo on Solana reportedly crossed $500 million. The two views reflect a wider discussion about the link between platform adoption and governance token demand. Both positions depend on how the token is defined in Ondo’s published documents.
What the ONDO Token Represents The Ondo Foundation describes ONDO as a governance token for the Ondo DAO and Flux Finance. Holders therefore take part in decisions tied to those two areas. The ONDO token is not presented as a claim on company revenue.
Giannis Andreou raised the question in a post on X. He asked how the success of Ondo’s products reaches someone holding the token.
🏦 $ONDO BULLS: WHAT EXACTLY DOES THE TOKEN HOLDER OWN?
Ondo could become an important business in tokenized finance.
Institutions could adopt its products. Assets under management could grow. Distribution could expand across wallets, exchanges and financial platforms.
My… pic.twitter.com/F8tbhdRGjE
— Giannis Andreou (@gandreou007) October 18, 2026
He pointed to the Foundation’s token-sale risk disclosures. Those disclosures state that holding the token provides no shareholder rights. They also exclude rights to company dividends and distributions.
Andreou added that a customer buying a tokenized financial product acquires something different from an ONDO buyer.
The yield or economic rights attached to a product do not automatically belong to the governance token holder. Governance rights and product economics therefore sit in separate categories.
What Would Support a Bullish Case Andreou acknowledged that governance can carry value. He also noted that future changes could strengthen the token’s role. Market demand may rise as the ecosystem grows. However, he asked that each of those arguments be evaluated separately.
He wants supporters to identify the existing mechanism, its enforceable scope, and the measurable economic benefit for holders.
If a thesis relies on a future governance decision, he asked that the dependency be explained. He also asked who holds the power to deliver that decision.
According to Andreou, a documented link between product success and durable demand for the ONDO token would change his view. He said numbers should show why that link matters. This standard applies to any claim that product growth benefits holders.
Solana Milestone Adds Another Angle Niels offered a separate view in a post on X. He reported that ONDO crossed $500 million in tokenized assets on Solana. Ondo brought its tokenized stocks to the network only in January. The launch started with more than 200 U.S. stocks and ETFs.
$ONDO crossed $500M in tokenized assets on Solana.
Ondo only brought its tokenized stocks to Solana in January, starting with 200+ U.S. stocks and ETFs.
Since then, it has expanded 24/7 minting and redemption on Solana, while the wider Ondo Stocks platform has grown past $1B…
— Niels (@Web3Niels) October 18, 2026
Since then, Ondo has expanded 24/7 minting and redemption on Solana. Niels added that the wider Ondo Stocks platform has passed $1 billion in TVL. Cumulative volume has reached $18 billion in under eight months.
Niels described the pace of cross-chain expansion as hard to ignore. His post centers on platform scale. Andreou’s post centers on how the ONDO token captures benefits from that scale. Both posts therefore frame the same debate from different sides.
Trhy s perpetuálními kontrakty RWA na Injective dosáhly v roce 2026 objemu obchodování přes 1,1 miliardy USD, z toho více než 230 milionů USD za poslední měsíc.
Injective, a blockchain protocol designed for decentralized finance (DeFi) derivatives trading, announced that its real-world asset (RWA) perpetual markets have surpassed $1.1 billion in trading volume so far in 2026. The platform’s latest figures indicate over $230 million in trading activity within the past month alone, with this growth covering a broad range of asset categories including equities, forex, commodities, indices, and pre-IPO markets.
Surge in RWA Perpetual MarketsThe RWA perpetuals offered by Injective provide traders with exposure to various traditional financial assets on-chain, using perpetual contracts that do not have fixed expiration dates. This differentiates them from standard futures contracts found in traditional finance.
This milestone signals progress in Injective’s mission to bring regulated market infrastructure onto the blockchain ecosystem and support trading beyond cryptocurrency-native assets. Trading volume for RWA perpetuals exceeded $230 million over the past month, and the cumulative year-to-date total crossed $1.1 billion, highlighting growing adoption and interest in decentralized derivatives.
The expansion of multi-asset derivatives offerings strengthens Injective’s standing in the wider on-chain RWA derivatives sector, positioning it as a leading player in this evolving landscape.
Mini dictionary: Real-world asset (RWA) perpetuals are derivatives contracts that allow traders to gain price exposure to traditional financial assets—such as equities, commodities, or currencies—on blockchain platforms. Unlike conventional futures, perpetual contracts have no fixed expiry date, enabling continuous trading and liquidity.
Injective’s RWA perpetual markets have crossed $1.1 billion in trading volume in 2026, with more than $230 million traded in the past month across major asset classes.
INJ Token Rallies, Technical Levels WatchedThe INJ token, central to the Injective ecosystem, has seen renewed interest after rebounding approximately 45% from the $6.54 level. According to crypto analyst LAR, the crucial zone to monitor is the $8.50 mark. A sustained weekly close above this technical barrier could signal further bullish momentum, while failure to breach it may lead to ongoing price consolidation.
Analysts note that a move below the $6.54 area could challenge the current recovery, making this level important for assessing near-term support. Meanwhile, LAR maintains a target price of $53 for INJ over the next 120–150 days, contingent on the token achieving and holding above $8.50 and maintaining strong buying interest.
Technical LevelStatusSignificance$6.54SupportCritical level for sustaining recovery$8.50ResistanceKey breakout for bullish continuation$53Analyst targetNear previous all-time highAttaining the $53 target would bring INJ close to its previous all-time high of $52.62 recorded in March 2024. Traders are closely watching whether the token can achieve a decisive weekly close above $8.50 to validate the bullish scenario.
A weekly close above $8.50 is viewed as a critical trigger for further INJ upside, while repeated failure at this level could result in continued consolidation.
Sector Growth and OutlookGrowing trading volumes in Injective’s RWA perpetuals highlight expanding demand for on-chain derivatives that link traditional financial instruments with blockchain technology. However, market participants are also assessing whether increased activity on the platform translates to enhanced utility and long-term value for INJ holders.
The extent to which rising volume and network usage benefit INJ depends on factors like token utility, supply management, and the broader cryptocurrency market environment. Without corresponding protocol economics, higher trading may not always drive direct gains for token investors.
Continued development in the derivatives sector and diversity in supported asset classes could further solidify Injective’s market presence, though overall sentiment in the crypto sector will also play a decisive role.
JUST při pátém odkupu a spálení zničil 170 723 144 JST v hodnotě více než 23,53 mil. USD. Celkem bylo v pěti kolech odstraněno 1,88 mld. JST, tedy více než 19 % celkové nabídky.
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Over the past year, JUST has completed five consecutive large-scale buyback-and-burn rounds, permanently removing 1.88B JST tokens from circulation and pushing cumulative deflation toward 19%. Following this milestone, the buyback and burn mechanism is set to undergo a comprehensive upgrade.
On October 17, JUST, the leading DeFi infrastructure in the TRON ecosystem, announced the completion of its fifth buyback and burn of its native token JST as scheduled. Over 170M JST were burned in this round (approx. 1.72% of total supply), backed by nearly $23.53M in capital deployed—all funded directly by JustLend DAO’s net operating revenue.
Over the past five rounds, a total of 1.88B JST tokens have been burned, driving the cumulative deflation rate past 19% with over $100M revenue deployed.
JST has reached a key operational milestone following this latest burn: the remaining 70% of JustLend DAO’s initial treasury reserves has been fully deployed according to the original plan. This marks the successful completion of the first phase , paving the way for a major mechanism upgrade.
170M+ Tokens (~$23.53M) Burned in JST’s Fifth Buyback Round
According to the official announcement released, the fifth JST buyback and burn was successfully completed. As a routine buyback for Q3 2026, a total of 170,723,144 JST tokens (approx. 170M) were burned, representing about 1.72% of the total token supply, with a total value exceeding $23.53M.
Maintaining similar levels of burn scale and capital investment to the previous four rounds, this burn round continues the stable, predictable execution cadence of JST buybacks and burns.
Looking further into the source of funds, the funds invested in this buyback and burn came entirely from JustLend DAO’s net operating income, specifically composed of two parts: the remaining $10.34M from JustLend DAO’s existing income and the $9.28M QoQ increase in Q3’s net income.
In terms of quarterly revenue performance, JustLend DAO’s Q3 net income remained steady compared to previous quarters. With quarterly earnings consistently anchored at the eight-figure ($10M+) level, the ecosystem’s core revenue streams continue to prove their resilience.
At the same time, deploying the remaining 70% of the initial revenue reserve means that the early-stage treasury reserve plan has officially reached its conclusion—setting the stage for a brand-new phase of the buyback program.
One Year, Five Burns: JST’s Price Soars 300% with $100M Deployed from JustLend DAO’s Revenue
From its launch in October 2025 to the fifth round on October 16, 2026, the JST buyback and burn mechanism has completed one full year of operation across five consecutive burn rounds. A total of approximately 1.881B JST tokens have been burned, representing a cumulative deflation rate of > 19% with more than $100M deployed from JustLend’s revenue.
A breakdown of the five buyback and burn executions is as follows:
– Round 1 (October 19, 2025): Burned ~559M JST (~5.66% of total supply), with ~$17.72M deployed.
– Round 2 (January 14, 2026): Burned ~525M JST (~5.3% of total supply), with ~$21M deployed.
– Round 3 (April 15, 2026): Burned ~271M JST (~2.74% of total supply), with ~$21.3M deployed.
– Round 4 (July 17, 2026): Burned a total of ~355M JST (~3.59% of total supply), with ~$34.59M deployed. In addition to the routine quarterly buyback, this round incorporated dedicated burn funds from USDJ’s historical stability fees (~$10.39M) for the first time.
– Round 5 (October 16, 2026): Burned ~170M JST (~1.72% of total supply), with ~$23.53M deployed.
In terms of operational intensity, the execution of five consecutive rounds in a single year—averaging roughly $20M per round, with over $100M committed from real protocol earnings and nearly one-fifth of the total token supply burned—places JST among a select tier of buyback programs rarely seen in the DeFi sector.
This continuous execution has transformed the buyback from a series of short-term news catalysts into a permanent value engine. Rather than acting as an isolated marketing tactic, the program transmits its impact systematically through a five-pillar chain: Capital Foundation—Execution Assurance—Transparency & Trust—Deflationary Scarcity—Market Feedback, cementing a durable foundation for long-term valuation.
On the capital foundation, JST buybacks rely directly on authentic business cash flows. Except for the historical USDJ stability fee allocation in Round 4, every dollar of the $100M+ deployed across all five rounds originated directly from JustLend DAO’s organic operating earnings.
In execution assurance, both capital scale and operational cadence have been uncompromisingly delivered. Single-round commitments began at $17.72M in Round 1, stabilized around $20M thereafter, and reached $34.59M in Round 4. Throughout all five quarters, every burn landed strictly on schedule—free from delays, disruptions, or arbitrary cuts.
For transparency and trust, every buyback follows the standard procedure of “pre-disclosed rules, on-schedule execution, and verifiable on-chain proof”, backed by immutable on-chain transaction records and open official disclosures.
In deflationary impact, around 1.881B JST tokens have been burned across five rounds, contracting total supply from 9.9B down to ~8.02B—a nearly 19% reduction that continuously compounds structural scarcity.
Ultimately, market feedback validates the mechanism through synchronized gains in both token price and market cap. CoinGecko data shows JST climbing steadily from its ~$0.03 low in October 2025 to an October 10 peak of $0.142—a 300%+ year-to-date surge marking a new high since 2022—while circulating market cap surged past $1B.
This closed-loop flywheel—fueled by authentic revenue, reliable execution, complete transparency, structural deflation, and market validation—has elevated the buyback program far beyond short-term hype, solidifying it as the central pillar sustaining JST’s long-term economic value.
Buyback Mechanism Poised for Comprehensive Upgrade as Capital Sources Diversify
With five consecutive rounds now complete, the JST buyback program arrives at a watershed moment: the first phase officially concludes, setting the stage for a new upgraded phase.
Looking back at the initial phase, the framework was initially structured to draw backing jointly from JustLend DAO and USDD. Under the original terms, USDD’s cross-chain ecosystem revenue was to feed into the buyback pool once cumulative earnings hit $10M—a threshold not yet reached. Consequently, this early phase operated primarily on JustLend DAO’s accumulated treasury reserves alongside the increment in quarterly net revenue. Specifically, the $59M+ reserve earmarked at inception under the plan of “30% upfront, 70% in phased tranches” has now been fully deployed across five rounds. This signifies that the initial phase has smoothly achieved its objectives, clearing the path for the comprehensive upgrade.
As outlined in the JST Q1 2026 financial report released in April, the upgraded JST buyback mechanism will broaden capital sources beyond the existing framework by incorporating revenues from new business streams such as GasFree, providing deeper and more diversified funding for ongoing buybacks.
With the upgraded phase around the corner, JST’s long-term deflationary momentum and value-return capabilities are poised to enter an even more sustainable and predictable cycle. For specific plans regarding capital allocation, execution cadence, and ecosystem integrations under this upgraded mechanism, follow JUST’s official X account @JUST_DAO for the latest updates.
Robinhood is offering $5 in SUI to users who complete a short in-app lesson on the Sui Network, following its August 2025 listing of the Layer-1 token.
Robinhood is offering $5 worth of $SUI to users who spend a few minutes learning about the @SuiNetwork Layer-1 blockchain inside its app. The promotion is framed as a "SUI 101" lesson and is not available in New York state, and rewards are limited to while supplies last.
The campaign is not an endorsement of the token. Still, it is notable that $HOOD, the listed parent of @RobinhoodApp, led by @vladtenev, is putting resources behind educating investors about this particular network.
How the Robinhood Learn and Earn programme worksThe offer sits within Robinhood's existing Learn and Earn feature. According to Robinhood's rewards support page, users scroll to the "Learn about crypto" section of their crypto account and select Learn and Earn. They read a short lesson about a token, then take a quiz, and those who pass may be eligible for a reward. Robinhood says the cash value of the reward must be held for 180 days after it is granted, and availability is limited to certain jurisdictions.
Crypto community accounts have described the Sui version as a card labelled "Learn and earn $5 of SUI" in the app, with users completing short lessons to claim the reward.
Background: Robinhood and SuiThe promotion follows Robinhood's decision to add the token to its platform last year. The Sui Foundation said SUI became available to trade for US customers on Robinhood, and described the listing as a step up in access for retail users new to crypto. CoinCentral reported that spot trading went live on August 19, 2025, for users in the US and Europe, and that the token's price initially rose 1.7% before reversing amid profit-taking.
Robinhood's own asset page describes SUI as the native utility token of the Layer-1 Sui blockchain developed by Mysten Labs. It is used for gas fees, staking in the network's Delegated Proof-of-Stake system, and governance.
Educational rewards of this kind are a common way for trading platforms to draw new users toward specific assets. Crypto prices are volatile, and users receiving tokens through such programmes should be aware that the value of their holdings can fall as well as rise.
SourcesRobinhood: Rewards and Learn and Earn
Sui Foundation: SUI now listed on Robinhood
CoinCentral: Robinhood lists SUI
Hackeři ve 3. čtvrtletí ukradli z kryptoměnových projektů 1,18 miliardy USD při 107 incidentech, což je o 55 % více než v předchozím čtvrtletí, uvedla společnost Hacken.
Hacken noted hacks rose 55% in the third quarter. (Max Bender/Unsplash)Summary
Hackers stole $1.18 billion from crypto projects in the third quarter, up 55% from the previous quarter, according to blockchain security firm Hacken.About $900 million in losses stemmed from compromised suppliers or developer tools, uninstalled security fixes or components excluded from security reviews.Hacken warned that audit badges can give investors a false sense of security because reviews often omit wallets, signing systems and third-party software that attackers target.Crypto investors may be putting too much faith in security audits that fail to cover the systems hackers actually target, according to blockchain security firm Hacken.
In a report released on Thursday, Hacken found that hackers stole $1.18 billion across 107 incidents during the third quarter, 55% more than in the previous quarter. Of that amount, $906.8 million was lost due to compromised suppliers or developer tools, publicly available security fixes that were not installed or components excluded from the most recent security review.
"The problem is always scope." Andrii Matiukhin, co-founder and board director at the company, said in an interview with CoinDesk. "It's expensive to have enormous scopes of all components that interact with funds or influence economics, and teams cut corners, auditing only critical parts of the service.”
The findings raise questions about how much protection investors can expect from crypto projects advertising themselves as audited. Hacken said customers often assume an audit covers an entire platform when it may examine only specific smart contracts, leaving wallets, signing systems and third-party software outside its scope.
“Usually, when a customer sees a new project, they see an audit badge, assume the whole system is covered, and lose money through a key, a supplier, or a setting that was never tested,” Matiukhin said.
The biggest incident in the period was the September attack on crypto exchange Bitget, which lost at least $352 million after hackers exploited a vulnerability in a third-party security product to gain access to its withdrawal infrastructure, according to the report.
Matiukhin declined to identify the venues or provide a detailed assessment before publication of the report. He said it had found no evidence of an active vulnerability, but considered some of the arrangements inadequate given the amounts involved.
“We are not aware of a live bug in the systems of any reviewed venue,” Matiukhin said. “Instead, what we found is setups where key setups are not secure enough considering the scale of the venues reviewed.”
Matiukhin said delays in fixing known vulnerabilities were another concern, particularly when multiple blockchains relied on the same software but updated it at different times.
“Sometimes a critical vulnerability is classified as low by the team, and fix implementation is delayed or even declined,” Matiukhin said.
Responsibility ultimately rests with the companies holding customer funds, which must track vulnerabilities and install fixes promptly rather than rely on an audit completed months or years earlier, Hacken said.
Celestia (TIA) za posledních 24 hodin klesla o 15 % na přibližně 0,626 USD, přičemž likvidace dlouhých pozic přesáhly 2 miliony USD. Klíčová úroveň podpory je na 0,60 USD.
After a massive rally, Celestia’s [TIA] momentum was changing. On the 15th of October, TIA rallied to $0.76 after Celestia launched Eden.
Since then, the altcoin has faced strong selling pressure, breaching $0.70 and dropping to $0.624.
At press time, Celestia traded around $0.626, down 15% over the previous 24 hours. Trading Volume also dropped 60%, indicating reduced market activity.
Why are Celestia’s longs under pressure?
The price drop left Celestia [TIA] longs bleeding. According to CoinGlass, over $2 million in long positions were liquidated. These forced closures added selling pressure as traders’ bullish bets unraveled.
Source: CoinGlass
Over the same period, Open Interest dropped 23% to $136 million, while Derivatives Volume fell 52% to $684 million.
Falling Open Interest alongside declining prices pointed to positions closing. The Long Liquidations confirmed that some bullish traders faced forced exits.
Source: CoinGlass
Together, these readings suggested a retreat from derivatives exposure as the post-rally pullback deepened.
Are Celestia’s dip buyers stepping up?
Interestingly, Spot activity told a different story.
Delta surged to 3.9 million, its highest since September 2025, according to CoinAnk. Positive Delta indicated that aggressive buy volume exceeded aggressive sell volume.
Source: CoinAnk
Meanwhile, Spot Netflow fell to −$2.3 million on the 17th of October and remained negative at press time.
More TIA left tracked exchanges than entered them, potentially reducing the supply available for immediate selling.
Source: CoinGlass
Positive Delta supported the dip-buying argument, while Exchange Outflows showed withdrawals. Together, they suggested buyers were responding to the decline.
Even so, TIA’s continued losses showed that buying had yet to stabilize the price.
Can Celestia’s price hold $0.60?
Despite emerging Spot demand, Celestia’s bullish momentum weakened. The Relative Strength Index (RSI) formed a bearish crossover and dropped to 61, signaling fading upward momentum.
However, its position above 50 suggested buyers retained some momentum advantage, despite the sharp price decline.
Source: TradingView
Further selling could drag the RSI lower and put $0.60 support under pressure. A break below could expose $0.52.
If Spot demand absorbed the selling, TIA could hold $0.60 and attempt to reclaim $0.70. For dip buyers, defending support would offer the first evidence that their buying was slowing the decline.
Final Summary
Celestia fell 15% as Long Liquidations exceeded $2 million and Open Interest contracted.
Spot buying offered some support, but TIA still needed to defend $0.60 to limit further downside.
STRK za posledních sedm dní klesl o 43,7 % na 0,0624 USD, tedy na hodnotu o 51 % nižší než říjnové maximum, navzdory rekordním týdenním příjmům Starknetu ve výši 92 824 USD.
The L1 narrative rally has turned into a steady correction Starknet’s governance poll on going independent failed to stop the selling Record weekly network revenue landed in the middle of the decline The 200 EMA zone decides whether the larger uptrend survives STRK price has dropped to $0.0624 at the time of writing, roughly 51% below the $0.1268 high it printed around Oct 11–12, after a rally that took the Starknet token nearly five times higher in under four weeks on the back of StarkWare’s plan to turn the network into an independent post-quantum layer 1. The token is down 43.7% over the past seven days and 12.8% in the last 24 hours, its market cap has shrunk to $472.3 million, and the slide has continued even while STRK holders vote on whether that L1 plan should move into a research phase.
A quantum pitch fuelled a 385% run STRK was trading near $0.026 in mid-September, well before anyone at StarkWare spoke publicly about leaving Ethereum. The real trigger came on Oct 8, when Starknet said it was actively considering becoming an L1, a move that would let it become the first fully quantum-resistant network with 2027 as the target. StarkWare CEO Eli Ben-Sasson put the idea to the community as an open question the same day, and two days later StarkWare said an independent L1 was its clearest path forward, which lines up with the tallest green candles and the heaviest volume of the entire run on the 4H chart.
We are actively considering becoming an L1.
This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target. https://t.co/yaFlkp0R1P
— Starknet (@Starknet) October 8, 2026
StarkWare’s case for the move comes down to dependency on Ethereum, and according to the Starknet Foundation, the parts of the network Starknet controls itself can become quantum-resistant soon, while its bridge and data availability layer move on Ethereum’s schedule, and Ethereum’s own post-quantum team is only targeting initial protocol-level protections by 2029. Traders liked that pitch enough to buy it long before any vote existed, and STRK added about 385% from its September base to the October top.
Oct 8 · Starknet says it is considering an L1 move
Oct 10 · StarkWare calls an independent L1 its clearest path
Oct 11–12 · STRK peaks at $0.1268
Oct 15 · Poll opens, spike to $0.098 gets rejected
Oct 22 · Voting closes and results go public
Sellers ignored a revenue record On Oct 17, data from Chainspect showed Starknet’s weekly revenue topping $90,000 for the first time at $92,824, a 5.2% weekly gain that would normally give bulls something to point at. STRK kept sliding through that day and into the weekend, a sign that traders who rode the near fivefold move were still locking in gains regardless of what the network itself was reporting.
💰 @Starknet moved past $90K in weekly revenue for the first time.
$92,824 over the past week.
Starknet's weekly number just got a lot more interesting.
Two days earlier the poll launch had drawn the same reaction, after Starknet opened itsseven-day, non-binding governance poll on Oct 15, asking stakers and delegators whether the network should research becoming an independent post-quantum L1, with a yes vote leading to research and more detailed proposals and a no vote keeping post-quantum work on the current layer 2 path. STRK shot up to about $0.098 that day on one of the largest volume bars since the peak, then got rejected just under the 0.236 Fibonacci level at $0.103 and closed back inside the range, a failed bounce that confirmed the lower-high sequence and turned what looked like consolidation into a corrective trend.
STRK/USDT 4H chart. Source: TradingView / Alexander Stefanov RSI near oversold, no divergence yet RSI reads 32.3 on the 4H timeframe, below its signal line at 38.4 and close to oversold territory, though it is still making lower lows together with price, so there is no bullish divergence to suggest the selling is ending. Volume on the way down has been noticeably lighter than during the rally, which looks more like orderly profit-taking than panic while also showing that buyers have yet to step in with any size.
On the price side, STRK has now lost the 0.618 retracement at $0.0646, the level traders usually treat as the last line for a strong uptrend, and it trades in the gap between that level and the 200 EMA at $0.0591. The 50 SMA at $0.0854 has started to roll over above price and now sits close to the 0.382 Fib at $0.0883, leaving that band as the ceiling bulls would eventually need to clear.
What’s next for STRK Price? Level From price Zone 50 SMA + 0.382 Fib
$0.085–$0.088 +36% Trend reclaim 0.5 Fib
$0.0764 +22% Upside target 0.618 Fib
$0.0646 +3.5% Reclaim test ● STRK NOW · $0.0624 200 EMA + 0.707 Fib
$0.0555–$0.0591 −5% to −11% Main support 0.786 Fib + Oct 6–8 floor
$0.0476–$0.049 −21% to −24% Breakdown target STRK/USDT 4H levels, Binance.
The $0.0555–$0.0591 zone carries the most weight on the chart because it stacks the 0.707 Fib and the rising 200 EMA on top of the early-October breakout area, where the Oct 5 highs and the Oct 8–9 base sit. If buyers defend it, RSI prints a higher low and a 4H candle closes back above $0.0646, STRK has room to retest the 0.5 Fib at $0.0764. A 4H close under the 200 EMA and $0.0555 would point to $0.048–$0.049 instead, a 0.786 retracement of the whole September–October move that would read as a full reset of the rally.
The vote itself may offer less of a catalyst than its timing suggests. The poll has no quorum requirement and only authorises research, Starknet has published no timetable for an actual exit, and the Starknet governance forum makes clear that any real transition would need its own dedicated governance process later on. Even a clean yes on Oct 22 therefore leaves STRK holders waiting on proposals that do not exist yet, which is a slower story than the one the market paid for in early October.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Hyperliquid na testnetu navrhl minimální požadavek na delegaci ve výši 10 HYPE pro prioritní poplatky u příkazů IOC a ALO. Termín nasazení na mainnet zatím nepotvrdil.
Hyperliquid has introduced revised order priority rules on its testnet, including a reported 10 HYPE delegation requirement for traders seeking faster order handling through its priority fee system.
Summary
Hyperliquid has introduced proposed changes to its order priority rules on testnet following trader feedback. The reported changes require at least 10 HYPE in delegated balance for certain priority fee features. New restrictions concern Standard accounts, CoreWriter transactions, order placement and changes to existing orders. Official documentation distinguishes IOC execution speed from ALO order positioning within the trading queue system. HYPE traded near $79 in the supplied market snapshot, falling over the preceding seven days overall. In an October 18 announcement circulated through its community channels, the decentralized derivatives platform outlined changes to write priority fees following feedback from users. The proposed rules concern traders who depend on low delays when placing, modifying or canceling orders.
The announcement identifies four changes involving account settings, transaction processing and eligibility for priority fees. Hyperliquid’s existing technical documentation confirms how its priority fee system operates, although the newly reported delegation threshold has not yet appeared in the publicly accessible documentation reviewed for this report.
The changes are described as live on testnet. No confirmed date has been announced for applying the revised requirements to mainnet trading.
Hyperliquid introduces a 10 HYPE priority fee rule The October 18 update introduces a minimum delegated balance of 10 HYPE for accounts seeking to use IOC and ALO priority fees, according to the announcement.
IOC, short for immediate-or-cancel, refers to an order that attempts immediate execution and cancels any portion that cannot be filled. ALO, or add-liquidity-only, is used to place orders that join the order book without immediately taking available liquidity.
Both types can use priority fees under Hyperliquid’s existing system, although the benefits work differently. The latest announcement introduces a staking-related eligibility requirement for the priority features. It does not establish that all traders must delegate 10 HYPE to place ordinary orders.
At the supplied HYPE price of $78.98, 10 tokens had a market value of $789.80. The value is a market-price comparison, not a newly announced fixed dollar fee.
Hyperliquid’s existing priority fee documentation states that eligible fees are charged from the user’s undelegated staking balance. The October announcement refers separately to a minimum delegated balance.
The distinction is important to the technical description of the proposal: the delegated balance would determine eligibility under the reported new rule, while the documentation describes an undelegated staking balance as the source used to pay priority fees. The publicly accessible documentation does not yet confirm whether the platform intends to change either balance requirement before a mainnet release.
New rules change how Hyperliquid handles orders Hyperliquid’s announcement restricts mempool priority to accounts using Standard abstraction. The platform’s account abstraction documentation describes Standard mode as the recommended option for market makers, high-volume automated users and developers.
Standard accounts maintain separate balances for spot markets and perpetual futures, including individual balances across independently deployed markets. By comparison, Unified accounts combine eligible balances to support cross-margin trading. Under the proposed rule, transaction priority within the mempool would apply only to Standard abstraction accounts.
The announcement identifies a second restriction concerning HyperCore operations. Account activity outside cancellations, order placements and order modifications would reduce the relevant account’s transaction priority until confirmation.
The reported behavior concerns the ordering of account operations before confirmation. The announcement does not provide a numerical estimate of the additional delay affected accounts might experience.
A separate provision lowers mempool priority for accounts that have directly submitted CoreWriter operations. CoreWriter connects smart contracts running on HyperEVM with actions on HyperCore, where Hyperliquid maintains its native trading functionality.
The rule would therefore affect certain accounts using transactions that pass through HyperEVM to interact with the exchange’s core trading system.
Hyperliquid has not provided a complete list of CoreWriter activities that would trigger the reported priority treatment.
IOC and ALO priority fees work differently Hyperliquid introduced write priority fees to give advanced trading users a way to pay for improved order handling without relying entirely on faster connections to exchange infrastructure.
Its official documentation separates read priority from write priority. Read priority concerns how quickly users receive market information from participating nodes. The system uses two independent Dutch auctions running on a three-minute schedule.
Write priority concerns the submission and processing of orders. Hyperliquid supports priority fee settings for eligible IOC and ALO order groups, with the fee rate included in the order submission.
For IOC orders, priority fees can reduce the time between order submission and processing. The documentation reports an empirical improvement of approximately 45 milliseconds for each basis point of priority fee, up to an eight-basis-point range.
It describes additional priority rates above eight basis points as a method for ordering certain transactions received within closely spaced periods. Cancellation requests retain priority over immediately executable orders, even when those orders carry priority fees.
ALO orders use a different arrangement. Priority fees affect the order’s position within a price-level queue during a continuous 400-millisecond eligibility period. An ALO priority fee is charged when an eligible order is placed, whether or not the order eventually fills.
Unlike IOC fees, ALO priority payments do not provide faster mempool processing. Their documented purpose is to improve queue position among qualifying orders. The platform burns priority fees collected through the mechanism, according to its technical documentation.
Hyperliquid trading activity remains closely watched The proposed testnet changes follow several months of growing activity across Hyperliquid’s perpetual futures markets.
In September, the platform’s open interest reached $18 billion, setting a record for outstanding derivatives positions across its trading markets. The reported figure included activity from the platform’s original perpetual futures exchange and HIP-3 markets created by independent deployers.
Hyperliquid subsequently introduced a HIP-3 permissioned market upgrade on testnet, allowing deployment teams to restrict access to selected trading venues through on-chain permission lists. That update gave market operators more control over which wallets could participate in their contracts. Existing HIP-3 markets were not automatically required to adopt the permissioning feature.
In October, select Hyperliquid perpetual prices became available through Bloomberg Terminal, allowing professional users to monitor around-the-clock markets covering cryptocurrencies and other assets. The Bloomberg Terminal data integration provided market information without adding direct trading execution through the terminal.
Meanwhile, HYPE traded at $78.98 in the October 18 market snapshot supplied with the announcement, down 1.12% over 24 hours and 6.97% during the preceding week.
The snapshot placed HYPE’s 24-hour trading volume at approximately $425.84 million and market capitalization at $17.56 billion. The data did not establish that the priority fee announcement caused the token’s price movement.
Earlier in October, Hyperliquid’s HYPE buyback activity had attracted attention after the Assistance Fund’s cumulative purchases reportedly surpassed 48 million tokens, worth approximately $1.36 billion.
That October 13 report recorded HYPE near $81.20 following a daily decline of almost 5%. For the priority fee proposal, the next operational step is a decision on whether and when to apply the testnet rules to mainnet. Hyperliquid has not supplied a confirmed activation date or a published test result measuring their effect on live order processing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Oživení bitcoinu zůstává nerovnoměrné: 30denní spotová poptávka klesla do záporných hodnot, zatímco rezervy na burzách vzrostly z 2,67 milionu na 2,68 milionu BTC.
Exchange reserves rose from about 2.67 million BTC to 2.68 million BTC but remain low versus January.
Spot demand neared zero before turning negative, while perpetual futures demand stayed positive.
Holders of 100–1,000 BTC remain net accumulators, while the over-10,000 BTC cohort is still negative.
A durable recovery needs positive spot demand, buyers absorbing exchange inflows, and wider accumulation.
Bitcoin recovery remains uneven, according to updated CryptoQuant charts reviewed in a new XWIN Japan column. Exchange reserves, spot demand, and whale behavior show mixed signals as the U.S. midterms approach.
Low reserves, whale accumulation, and improving estimated demand still support a possible base. However, the latest data shows that buying strength is not yet consistent across the market. The column examines three charts that explain where support holds and where it weakens.
Exchange Reserves Edge Higher
Exchange reserves measure the amount of BTC held on trading platforms. They have risen from roughly 2.67 million BTC in early October to around 2.68 million BTC. Despite the increase, reserves remain low compared with January. Low reserves do not mean supply keeps shrinking.
Source: Cryptoquant
Transfers may reflect custody changes rather than selling. Therefore, rising reserves alone do not prove that holders are selling.
The increase is modest, and it comes from a low base. The supports from the earlier column remain, yet the Bitcoin recovery is uneven.
The earlier column, published six days ago, listed low reserves among the signs of base building. That earlier analysis centered on Bitcoin base building ahead of the U.S. midterms.
A durable Bitcoin recovery now requires buyers to absorb BTC that returns to exchanges. Reserves are rising, so that condition matters more.
Spot Demand Loses Momentum
The 30-day demand chart shows spot demand approaching zero before turning negative again. Spot demand reflects direct BTC purchases, while perpetual futures involve derivatives.
Meanwhile, positive perpetual futures demand supports total demand. Spot buying therefore remains weaker than futures activity.
Source: Cryptoquant
The earlier column cited improving estimated demand. This new breakdown differs from the Apparent Demand metric discussed previously. Their values are not directly comparable, so the readings should be viewed separately.
Sustained positive spot demand is one of three conditions for a durable Bitcoin recovery. Without it, futures demand carries the total figure. Positive spot readings would show buyers acting directly in the market.
Whale Cohorts Show Mixed Behavior
Holders of 100–1,000 BTC remain net accumulators over 60 days. Their buying sits below the late-September peak despite a modest rebound. The cohort has kept buying through the past two months.
Net holding declines among the 1,000–10,000 BTC cohort have narrowed toward zero. Meanwhile, the cohort above 10,000 BTC remains negative.
Source: Cryptoquant
Accumulation is therefore not broad-based across holder groups. A durable recovery also needs accumulation to spread more widely.
These rolling figures include pre-October activity and can reflect transfers between cohorts. Conditions that could support a base still exist. Expectations around the midterms and monetary policy must translate into actual buying.
The key is whether rallies gain a growing, lasting base of buyers. Until then, the Bitcoin recovery depends on whether buying broadens beyond a single holder group.
Strategy drží 848 250 BTC poté, co v týdnu končícím 11. října nakoupila dalších 250 BTC za 21,5 milionu USD. Michael Saylor naznačil další akumulaci, transakce však zatím nebyla potvrzena.
Michael Saylor has hinted at another Bitcoin purchase for Strategy after the company reported holdings of 848,250 BTC, acquired for approximately $64 billion, in its latest weekly disclosure.
Summary
Michael Saylor hinted at further Bitcoin accumulation, although Strategy has not confirmed another purchase this weekend. Strategy’s latest filing shows holdings of 848,250 BTC, acquired for approximately $64 billion including transaction costs. The company bought 250 Bitcoin for $21.5 million during the week ending October 11, its latest disclosure. Strategy spent $192.4 million buying back STRC shares, nearly nine times its weekly Bitcoin purchase expenditure. Bitcoin traded near $81,000 on October 18, keeping Strategy’s holdings above their reported average acquisition cost. In an October 18 post on X, the Strategy co-founder wrote, “We found room for more orange,” alongside a chart showing the company’s Bitcoin buying history. The message suggested further accumulation but did not disclose a transaction amount, purchase date or confirmation of an executed trade.
Strategy’s latest official report, released October 12, showed that the company had purchased 250 BTC for 21.5millionduringtheweekendingOctober11.Ithadspentconsiderablymore—192.4 million—buying back its STRC preferred shares during the same period.
Bitcoin was trading near $81,000 on October 18, according to CoinGecko, placing the market price above Strategy’s reported average Bitcoin acquisition cost of $75,444.
Saylor hints at another Bitcoin purchase without confirming a deal Saylor’s Sunday post continued his practice of publishing charts showing Strategy’s Bitcoin transactions, with purchases represented by orange markers.
His message did not say how many coins the company might acquire or whether an additional transaction had already taken place.
The latest confirmed ownership figure remains 848,250 BTC, according to the company’s October 12 regulatory disclosure, covering activity through October 11.
Strategy’s purchases can be funded through several sources, including sales of common shares, preferred stock offerings and available company cash.
A new chart or social media message, however, does not establish that a transaction has been completed. Confirmation normally comes through the company’s financial disclosures, which identify the number of Bitcoin acquired, total spending and the resulting balance. Earlier this month, Saylor shared a similar message before the company announced its next weekly transactions.
On October 4, he posted another accumulation chart with the words “More orange than ever,” while Strategy’s latest disclosed Bitcoin holdings stood at 847,666 BTC. Crypto.news previously covered the October teaser, which followed a confirmed purchase of 1,665 BTC during the preceding reporting period. The October 18 post comes after Strategy released another set of figures showing a smaller weekly Bitcoin acquisition and substantial preferred-share repurchases.
A new filing covering purchases after October 11 would be needed to determine whether the latest message preceded an actual transaction.
In its October 12 filing with the U.S. Securities and Exchange Commission, Strategy reported purchasing 250 BTC between October 5 and October 11.
The company spent approximately $21.5 million on those coins, paying an average of $86,194 per Bitcoin, including fees and expenses. Following that purchase, total holdings reached 848,250 BTC. Strategy reported aggregate acquisition costs of approximately $64 billion and an average purchase price of $75,444 per coin.
The holding represents roughly 4.04% of Bitcoin’s maximum supply of 21 million coins. That comparison uses Bitcoin’s fixed maximum issuance, not the number of coins currently circulating or available on exchanges. Strategy funded $21 million of the latest purchase using proceeds from sales of its Class A common stock, MSTR. Another $500,000 came from existing company cash.
The company sold 125,183 MSTR shares during the week, generating approximately $21 million in net proceeds. Its filing showed that approximately $18.81 billion of MSTR shares remained available for future issuance and sale under its existing at-the-market program as of October 11.
The availability of that issuance capacity does not mean the company has already sold those shares or committed the proceeds to Bitcoin purchases. Strategy’s reported average cost of $75,444 remains below Bitcoin’s October 18 market price. CoinGecko placed BTC at approximately $81,059 during the market check, with its 24-hour trading range running from $80,823 to $82,178.
At that price, multiplying 848,250 BTC by $81,059 gives an indicative portfolio value of approximately $68.76 billion. Compared with its reported $64 billion acquisition cost, the difference is around $4.76 billion before accounting for other company financial obligations, taxes or valuation adjustments. Those estimates depend on the market price used for the calculation and are not equivalent to Strategy’s company-level net profit.
STRC buybacks exceed latest Bitcoin spending Although Strategy continued buying Bitcoin during the week ending October 11, most of the spending disclosed across its Bitcoin acquisitions and preferred-share repurchases went toward STRC.
The company bought back 1,932,145 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for approximately $192.4 million. That compares with the $21.5 million spent purchasing Bitcoin during the same seven-day reporting period.
Dividing the two amounts shows that the STRC repurchase was approximately 8.95 times the value of the Bitcoin purchase. The comparison covers two disclosed transactions, not all of Strategy’s corporate spending. STRC is one of several preferred-stock instruments issued by Strategy to raise capital and finance its operations. The security pays variable dividends, creating ongoing financial obligations for the company.
Repurchasing preferred shares can reduce the number of outstanding securities on which Strategy must make future dividend payments.
However, the October 12 filing does not establish that management chose to repurchase STRC specifically because its yield had reached 12.31%, as asserted in the supplied report. Strategy’s previous weekly capital allocation report covered the same $192.4 million buyback alongside the acquisition of 250 BTC.
A subsequent analysis of its share repurchases examined the distinction between funds used to buy cryptocurrency and those used to manage the company’s preferred-stock obligations.
According to the company’s official filing, approximately $354.8 million remained authorized under its digital credit securities repurchase program after the latest transactions. An additional $1 billion authorization remained available under its separate MSTR common-stock repurchase program. Neither authorization represents a completed transaction. The amounts establish the remaining capacity under the announced programs.
Strategy retains $5.52 billion in dollar assets Alongside its cryptocurrency holdings and preferred-share repurchases, Strategy reported substantial dollar-denominated assets. As of October 11, its designated USD Reserve totaled $4.88 billion, while other USD Cash stood at $640.5 million.
Combined, those balances equaled approximately $5.52 billion. The company’s filings describe the USD Reserve as money maintained to support preferred-stock dividends and interest payments on outstanding debt. Its separate USD Cash balance serves a different purpose, supporting general Bitcoin treasury activities, possible Bitcoin acquisitions, reserve additions and other capital-management uses.
During the October 5–11 period, Strategy used $500,000 of USD Cash to supplement the proceeds from common-stock sales used to purchase Bitcoin. The filing does not indicate that the entire combined $5.52 billion is intended for new Bitcoin acquisitions. The company had previously reported using part of its available cash to repurchase preferred shares, making its capital position dependent on more than the size of its Bitcoin holdings.
In related corporate treasury activity, an October 14 comparison of share buybacks examined how Strategy and Japanese Bitcoin holder Metaplanet were managing purchases of their own securities alongside cryptocurrency exposure. Strategy’s October 12 filing specified that $17.51 billion of STRC shares remained available for issuance and sale under its at-the-market offering program.
It reported no STRC shares sold during the latest week, while its common-stock sales supplied nearly all the funding for the newly acquired 250 BTC. The company ended that reporting period with $640.5 million in general-purpose USD Cash and $4.88 billion in its designated reserve.
Kombinované CVD XRP na spotovém trhu a trhu perpetual futures kleslo mezi 23. zářím a 16. říjnem o 1,988 miliardy USD, což signalizuje silný prodejní tlak.
XRP has seen heavy selling across spot and perpetual futures markets, with combined cumulative volume delta (CVD) down nearly $2 billion.
This occurred between Sept. 23 and Oct. 16. During the same period, XRP’s open interest on Binance and Bybit dropped considerably, indicating that traders were reducing their positions amid the persistent selling pressure.
XRP CVD Shows Widespread Selling For context, cumulative volume delta (CVD) measures the difference between aggressive market buys and sells. When CVD falls, it means sellers are hitting buyers’ bids more often than buyers are lifting sellers’ offers. This shows continued selling pressure, not normal back-and-forth trading.
Across all centralized exchanges, the estimated spot XRP CVD fell from -$1.9 billion to -$3.2 billion during the period under consideration. This marked a further $1.3 billion in net aggressive selling.
Meanwhile, Binance’s perpetual XRP CVD also declined, moving from -$812 million to -$1.5 billion, a further drop of $688 million.
Combined XRP CVD collapses by nearly $2 billion across the spot and perpetual markets Both figures show that selling pressure affected spot trading and leveraged derivatives at the same time. The two readings recorded a combined CVD decline of $1.988 billion, bringing the total close to $2 billion.
This trend had already emerged earlier in the quarter. By mid-September, on-chain data showed that Binance’s perpetual CVD had fallen to around -$1 billion, while estimated spot CVD across centralized exchanges stood at approximately -$2.1 billion, according to CryptoQuant data.
With the recent decline moving close to $2 billion again, the data shows that selling continued beyond mid-September and pushed both readings further into negative territory.
XRP Open Interest Falls on Binance and Bybit The XRP CVD drop also coincided with a drop in derivatives positions on Binance and Bybit. On Binance, XRP open interest fell from 302 million XRP to 228 million XRP, a decline of 74 million XRP, or 24.5%.
Bybit recorded a larger drop, with open interest falling from 359 million XRP to 258 million XRP, a reduction of 101 million XRP, or 28.1%. Across both exchanges, open interest declined by a combined 175 million XRP, representing a 26.5% reduction in outstanding derivatives positions.
Notably, open interest measures the total number of futures and perpetual contracts that remain active. When it falls alongside declining prices and increasingly negative CVD, it often indicates that traders are closing leveraged long positions, not necessarily opening new short positions. This suggests deleveraging.
Importantly, deleveraging can help remove excess leverage from the market. As traders close their positions, the smaller derivatives market may face less forced selling once most vulnerable long positions have exited. However, this does not guarantee an immediate recovery.
XRP Liquidations Confirm the Market-Wide Unwind Meanwhile, liquidation data also confirms the pressure on bullish traders. During the period under consideration, XRP recorded several long-liquidation spikes exceeding $10 million each, with one peak reaching nearly $17 million.
XRP’s liquidation heatmap also shows a notable difference between the size of potential liquidations above and below the current price.
Specifically, two highlighted short-liquidation clusters above the market contain a combined $54.7 million, while two highlighted long-liquidation clusters below the market total just $14.17 million.
The short-liquidation clusters above the current price are about 3.86 times larger than the highlighted long-liquidation clusters below it. This suggests that the larger concentration of potentially trapped leveraged positions lies among short sellers above XRP’s current price.
Ripple propojí stablecoin RLUSD s hlavní bankovní platformou společnosti Cross River Bank, což finančním institucím umožní nepřetržité platby a vypořádání v USD a RLUSD prostřednictvím XRP Ledger.
XRP Ledger validator Vet argues that blockchain technology is transforming the future of finance through crypto assets like XRP, 24/7 trading, and easier access to global markets.
In a post on X, Vet explained that major innovations often begin with people who believe in the future. He believes some people doubt XRP’s potential because they are too pessimistic about what lies ahead.
“We live in a world people called Sci-Fi decades ago,” Vet wrote, adding that blockchain technology is disrupting traditional finance through tokenization, 24/7 trading, global access, and censorship resistance.
“New money, folks!” he added, expressing confidence in the XRP Ledger’s role in this transition.
Meanwhile, recent developments at Ripple provide examples of how blockchain-based financial services are moving closer to traditional banking infrastructure.
RLUSD Moves Into Banking and Global Payments Ripple is making it easier for banks and financial companies to adopt blockchain technology through its stablecoin, RLUSD, and the XRP Ledger (XRPL).
On October 15, Ripple announced a partnership with Cross River Bank to integrate RLUSD into the bank’s systems. The move supports transactions on the XRP Ledger.
The partnership will allow financial companies to send and settle payments using U.S. dollars and RLUSD 24 hours a day, seven days a week.
Customers will be able to access RLUSD through a single connection without having to build their own blockchain infrastructure. The partnership also aims to support international payments and transfers.
Ripple also reported that RLUSD’s market capitalization had surpassed $2.5 billion, with more than $1 billion worth of the stablecoin issued on the XRP Ledger.
RLUSD payments are becoming part of the banking infrastructure fintechs already use.
We’re partnering with @CrossRiverBank to integrate RLUSD on the XRP Ledger into its core banking platform, providing 24/7 settlement within payment networks and greater flexibility to settle… pic.twitter.com/ZBLw9f40Oy
— Ripple (@Ripple) October 15, 2026
Ripple Prime Introduces 24/7 Trading Meanwhile, Ripple also announced new trading services through Ripple Prime on October 15. The service allows institutional investors to gain exposure to traditional assets, including stocks, commodities, and currencies, through markets that operate around the clock.
Ripple Prime also allows RLUSD to be used as collateral for certain transactions, giving the stablecoin another use case in institutional finance. The service is currently available in select markets, with plans to expand into other regions.
Ripple Partners With DriveWealth On October 14, Ripple announced a partnership with DriveWealth, a company that provides investment services to financial platforms.
The partnership aims to use RLUSD for payments and settlements, help investors move money across borders, and explore additional financial services.
The goal is to make it easier for international investors to fund their brokerage accounts quickly without relying entirely on traditional payment systems.
DriveWealth works with more than 100 partners worldwide, giving Ripple access to a broader network of investment platforms.
What This Means for the XRP Ledger These partnerships demonstrate how Ripple is working to integrate blockchain technology into traditional finance. The XRP Ledger can process transactions quickly, while RLUSD provides a digital representation of the U.S. dollar for supported payments and financial services.
If more banks and financial companies adopt these services, the XRP Ledger could see increased usage.
Ultimately, Vet believes that blockchain technology is reshaping global finance and that the XRP Ledger will play a significant role in that future. He encourages stakeholders to focus on long-term possibilities rather than dismissing them because of current limitations.
Coinbase Markets uvádí, že 97 % čisté dlouhé expozice v derivátech na XRP bylo otevřeno nad spotovou cenou 1,31 USD, přičemž nejvíce pozic vzniklo kolem 1,40 USD.
Recent data from Coinbase Markets has revealed significant imbalances in XRP derivatives positioning. The current spot price of XRP stands at $1.31, notably lower than the levels at which the majority of bullish derivatives positions were initiated. This gap has drawn close attention to net-long exposure in the XRP market.
XRP derivatives skewed above spot priceA substantial volume of XRP short positions has congregated around the $1.49 and $1.50 price points, with the largest single cluster exceeding $20 million in notional value. In contrast, the bulk of long exposure in the derivatives market was established around $1.40, roughly 7% higher than the current market price. The skew in positioning highlights the vulnerability of net-long traders to any further downward moves.
Coinbase Markets identified that 97% of net-long notional exposure was opened at prices above the present spot rate. This insight is based on Glassnode’s net entry-price heatmap, which bins long and short positions by price level to depict the current state of derivatives exposure as of October 15.
The largest cluster of net-long XRP positions entered at $1.40, while the spot price remains at $1.31. This means that 97% of net-long notional was entered above today’s price.
Context for derivatives exposureThe 97% figure does not reflect the entire population of XRP investors but refers specifically to net derivatives exposure. Glassnode calculates this by taking the net difference between long and short positions at each identified price. A positive value at a given position indicates a predominance of longs, while a negative value means shorts outnumber longs at that level. The data does not represent potential liquidation thresholds, as those depend on individual margin, leverage, and collateral choices.
Shorts have gained dominance in this environment, with market structure currently favoring sellers. The charted entry prices also do not align with forced liquidation points, which can vary widely depending on leverage and risk management.
Potential price impacts and trader responsesThis arrangement in the derivatives market creates possible implications for XRP’s near-term price movements. With so many long positions entered significantly above spot, many traders may face pressure to close losing positions, potentially triggering further selloffs if the market declines. A cascading effect of margin closures could follow, reinforcing downward price pressure.
Alternatively, a move back toward $1.40 or higher could lead some traders to hold or expand positions, believing in a price recovery. The resolution of this clustering will likely influence overall volatility, depending on which way the price breaks next.
Active market monitoring is now critical for traders managing significant derivatives exposure. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
For now, the large discrepancy between long entry prices and the current market rate means substantial uncertainty persists for highly leveraged positions. Market participants are watching for further shifts in derivatives positioning as XRP fluctuates at these key price thresholds.
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.
Activity on the XRP Ledger just dropped sharply. Payment volume, which tracks XRP sent from one account to another, fell to 119.5 million XRP on October 17. That is a 72.3% drop in a single day. The 30-day average sits at 629.3 million, so the latest print is far below normal. The all-time high is 7 billion, which shows how small today's number is by comparison.
Price has no substance Data for October 18 shows approximately 37.5 million XRP so far, down another 68.6%. The day is not finished, so this figure will likely rise. Even so, the direction is clear. Over the past year, daily volume typically stayed between 300 million and 1 billion, with spikes to 2.5 billion in November and February. Readings near 100 million are rare.
XRP/USDT Chart by TradingViewOne weak day does not establish a trend. Payment volume jumps around a lot, and quiet weekends often deliver low numbers. Both drops landed on a Friday and Saturday. Still, the timing matters because price is also under pressure.
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Rally has no fuel leftXRP trades near $1.30 after falling from a September high around $1.66. It has now slipped beneath the 50, 100, and 200-day moving averages, which sit between $1.34 and $1.38. Those lines now act as resistance. The RSI is near 40, which indicates weak momentum but not an oversold market. Trading volume has also dwindled since the August spike.
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The nearest support is the $1.25 to $1.27 area, where buyers stepped in during mid-September and again this week. A close beneath that zone would put $1.15 in view, and the $1.00 base from August after that. For bulls, the first target is a move back above $1.34 to $1.38. Without that, rallies are likely to fail.
The price drop and the weak chart point the same way. Fewer coins are moving, and fewer buyers are pushing the price up. If ledger activity returns to the 500 million level within the next few days, the drop was noise. If it remains low while XRP holds below the moving averages, the risk of a break beneath $1.25 grows.
XRPL schválil aktualizaci fixCleanup3_4_0 s podporou 30 z 36 důvěryhodných validátorů; opraví chybu v oprávnění PaymentBurn. Nativní lendingový protokol má zatím podporu pouze 19, respektive 21 validátorů z potřebných 29.
The XRP Ledger (XRPL) is set to implement a new network amendment, fixCleanup3_4_0, following backing from 30 out of 36 trusted validators. The upgrade, projected to activate at approximately 09:34 UTC on October 23, surpasses the required threshold of 29 validator votes.
Technical update targets token permissions and infrastructure bugsThe fixCleanup3_4_0 amendment prioritizes technical improvements rather than introducing large new features. Its main focus is on resolving issues affecting token permissions, automated market makers, escrow mechanisms, and the infrastructure supporting future lending systems. Unlike XRPL’s recent batch upgrades, this change aims to correct flaws and safeguard the proper functioning of existing and pending features.
One of the key issues addressed involves the PaymentBurn permission that was recently rolled out as part of XRPL’s permission delegation model. Specifically, an unintended flaw allowed accounts with PaymentBurn privileges to create new trust-line or multi-purpose tokens under certain conditions. The XRPL team has cautioned against delegating PaymentBurn permission until the new amendment takes effect, as the upgrade will close this loophole by preventing certain payments from crossing a zero balance when that permission is exercised.
Official XRPL documentation advises, “Until the fixCleanup3_4_0 amendment is enabled, you should avoid delegating the PaymentBurn permission to any account.”
Alongside this revision, the update corrects issues relating to automated market maker clawbacks, token authorization processes, management of escrow reserves, handling of transaction signatures, and calculation methods involving Single Asset Vaults.
Some of these fixes address features not yet available on the public network, underscoring XRPL’s practice of releasing code ahead of actual network approval. Activation of such features still depends on further validator support.
Mini dictionary: Trusted validators, a select group of independent network participants responsible for voting on software upgrades and amendments to the XRP Ledger protocol. Their approval is essential for enabling or activating new features.
Lending protocol amendments fail to reach consensusIn contrast to the progress of the fixCleanup3_4_0 amendment, XRPL’s proposed native lending protocol is yet to gather enough validator support for activation. As of October 18, only 19 validators backed both the LendingProtocol and LendingProtocolV1_1 amendments, and SingleAssetVault received support from 21 validators—well short of the required 29 approvals.
If implemented, the lending framework would introduce fixed-term loans supported by pooled assets, with credit checks and risk assessments handled outside the blockchain infrastructure. Single Asset Vaults are designed to help users pool their funds, whereas LendingProtocol provides the core tools for creating and managing loans. The V1_1 version would add new vault types and changes in the way interest is accounted for.
Recently published validator analyses, including one from Coinpaper, indicate that the proposed lending amendments have consistently trailed the approval threshold, delaying any potential launch date for these features.
AmendmentValidators in FavorRequired VotesfixCleanup3_4_03029LendingProtocol1929LendingProtocolV1_11929SingleAssetVault2129This outcome highlights the XRPL amendment process, where technical readiness and actual network activation are distinct steps. Developers can include new functionality in the public codebase, but operational status depends on achieving broad validator consensus over a two-week period. If support falls to 80% or below, the activation timer resets.
Developers may integrate new features in code releases, but trusted validators must approve amendments before activation on the XRPL mainnet.
Growing toolkit for developers despite slow lending progressWhile the proposed lending system faces delays, recent XRPL reforms—including expanded account permissions and transaction batching—have continued to broaden the capabilities available to developers and fintech applications on the ledger. These changes are part of XRPL’s ongoing effort to support more sophisticated financial use cases beyond simple payments.
Podvodníci na XRPL vydávají falešné tokeny a peněženky napodobující banky, aby prostřednictvím phishingu vylákali XRP. Skutečné banky drobné držitele nežádají o potvrzování transakcí.
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.
XRP holders should exercise maximum caution: the integration of the XRP Ledger into the banking sector, the launch of the RLUSD stablecoin, and Evernorth treasury transfers have had an unexpected side effect. While Ripple cements its institutional recognition, scammers have begun mass-stealing the names of well-known financial institutions, turning real corporate news into a tool for stealing assets.
This week, an XRPL Foundation contributor under the handle '@Vet_X0' warned investors about a new scheme. Scammers generate "beautiful" wallet addresses (vanity addresses) and issue dummy tokens that imitate brands from recent announcements.
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This signals a change in tactics: the focus has shifted from hunting for bugs in code to social engineering. Previous technical incidents, from the summer Rippling-drainer botnet and fake NFTs to the September hack of the Bitget exchange (103 million XRP) and the compromise of XRPH Wallet ($452,000), have given way to pure psychology.
How good news became a problemThe main trigger for the deception was the legitimate news backdrop: Cross River Bank's tests of the RLUSD stablecoin and the deployment of the 473 million XRP Evernorth fund through major exchanges. As soon as a brand announces its entry into the XRPL, the scammers' software creates a similar wallet address within seconds (for example, rBankxxx) and issues a fake token such as $BANKxxx.
Then, through phishing sites, users are prompted to "verify" their wallets or exchange real XRP for new "bank" coins. To an inattentive investor, an entry in a blockchain explorer looks like a guarantee of authenticity.
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This is the paradox: the openness of the blockchain has started working against security. A token's appearance on XRP Scan proves only its technical existence. Anyone can issue a coin with any name on the XRPL.
Institutional players operate at the level of internal gateways. Large banks do not require retail holders to sign transactions or redeem their assets. "Just sit on your hands and do nothing," concludes Vet_X0. The only confirmation that a real bank stands behind a project remains a publication on the corporation's own official press site. Any other offer is a guaranteed loss of capital.
Neověřená zpráva, že společnost Evernorth může příští týden nakoupit XRP za 655 mil. USD, zvyšuje spekulace, zatímco XRP tento měsíc kleslo o 13 % na 1,25 USD.
Speculation in a risk-off environment can cut both ways.
At the moment, Ripple is the focal point of wild speculation. A post on X suggested that Evernorth, an XRP treasury company, may purchase $655 million worth of XRP next week. The social media post went viral, sparking market activity.
Bulls welcomed the news as a possible catalyst for an XRP rally in November, while skeptics argued that it was simply unsubstantiated rumor that could mislead the market.
As the below post shows, many users questioned the post, arguing that it was just a means to increase engagement. Either way, this rumor may affect XRP’s market performance.
With Evernorth already in the spotlight over its recent XRPN listing, any news tied to the firm could trigger fresh speculation around XRP.
Source: X
Notably, the timing of this speculation could hardly be worse.
Technically, XRP is among the worst-performing assets this month. It is down 13%, erasing all gains made in September. The altcoin has slid to $1.25, its September low, testing this level as a critical support zone.
A break below it is likely to spark another wave of selling, especially as market demand continues to weaken.
Reinforcing this trend, spot XRP ETFs had their first negative week since July, reports SoSoValue. According to the data, spot XRP ETFs had a net outflow of $1.84 million last week, with only one day of inflows.
This marked the end of a 13-week consecutive weekly inflow streak, suggesting that institutional investors’ appetite for the asset may be cooling off.
So, given the recent weakness in the structural setup of Ripple’s [XRP] market structure and the amount of sell pressure on the on-chain data of major CEXs, could the new hype around Evernorth end up being a bull trap?
XRP bull rally hopes rise on Evernorth rumors
Nothing conveys the market’s reaction to the hype better than XRP’s long/short ratio.
According to data from CoinGlass, XRP’s long/short ratio has increased to 1.06, hitting its highest level in more than two weeks. This suggests traders are leaning bullish, betting on a possible bull run initiated by Evernorth’s alleged purchase of $655 million in XRP.
However, with XRP’s on-chain metrics flashing bearish signals, the overall market environment still risk-off, and the institutional buying showing signs of waning, this bullish positioning appears to be highly speculative.
Thus, if the rumored purchase fails to materialize or insufficient buying pressure from institutions continues, it can trigger a bull trap at XRP’s $1.25 level, leaving late longs highly vulnerable.
Source: TradingView (XRPN.USD)
Moreover, Evernorth’s own technical setup is not looking entirely bullish either.
According to the chart above, XRPN had a sharp post-launch rally, rising from $15 to $53. However, at press time, the token was trading 5% lower than its opening price, showing a very speculative market driven by the hype of the launch.
While it does not rule out Evernorth’s ability to accumulate XRP, it does pose questions about whether the hype around the firm would be able to drive buying pressure for XRP.
Taken together, these signals paint a mixed picture for XRP. While Evernorth rumors are fueling bullish bets, declining ETF net inflows, aggressive selling pressures, and the inability to hold $1.25 suggest the broader setup remains bearish.
Unless the hype translates into confirmed accumulation, XRP could fall into a bull trap, putting the next key support at $1.20 in focus.
Final Summary
Evernorth’s rumored $655 million XRP purchase has boosted market hype, but weak ETF flows and heavy selling pressure raise bull trap risks.
XRP is struggling to hold $1.25. If it breaks below this level, the price could fall toward $1.20.
Zakladatel společnosti TRON Justin Sun prodal 80–90 % svých ETH za 3 600–4 000 USD kvůli obavám z formace dvojitého vrcholu a prostředky přesunul do akcií Nvidia a indexu Nasdaq-100.
TLDR: Justin Sun sold 80%–90% of his Ethereum near $3,600–$4,000 after identifying a fragile double-top pattern. He has not repurchased the Ethereum sold, although he retained a smaller core position and kept Bitcoin. Following the sale, Sun shifted capital into U.S. stocks, identifying Nvidia and Nasdaq-100 exposure. Ethereum closed near $2,402 on October 17, about 33%–40% below Sun’s reported $3,600–$4,000 exit range. TRON founder Justin Sun reduced his once-dominant Ethereum position by roughly 80%–90% as the cryptocurrency approached $4,000, then redirected substantial capital into American stocks. In an October 16 interview with Jin Ming, Sun said he sold between $3,600 and $4,000 and has not repurchased those tokens.
Instead, he kept a smaller Ethereum stake while leaving his Bitcoin holdings intact. Before that decision, Ethereum had been his largest cryptocurrency holding, making the reduction his most consequential disclosed digital-asset shift. The disclosure revealed a divide between assets he considered vulnerable to a reversal and investments he wanted to retain longer term.
Nvidia and Nasdaq-100 exposure became central to that shift. However, Sun provided no token volumes, proceeds, or precise execution dates, leaving the transactions independently unverified. He described the move as a response to market structure rather than a withdrawal from decentralized finance.
Double-Top Fears Behind Justin Sun’s 80%–90% ETH Sale Near $4,000 Sun linked the sale to a double-top formation he perceived after Ethereum approached $4,800, fell back, and staged another advance. That pattern describes two attempts to sustain higher prices, although it cannot independently establish a reversal.
Justin Sun: Sold 80–90% of ETH at $3,600–$4,000, Then Bought Heavily Into US Stocks
On October 16, 2026, Justin Sun @justinsuntron said in an interview with William Joy that he had sold 80–90% of his ETH position at around $3,600–$4,000, keeping only a core holding and had not… pic.twitter.com/yNSBZIRFHr
— Wu Blockchain (@WuBlockchain) October 18, 2026
He said exchange-traded fund demand supported the second rally, citing investor Tom Lee when describing its buying momentum. Rather than rely on continued support, he considered the rebound fragile and reduced his exposure.
The market subsequently weakened. Ethereum reached approximately $4,950 in August 2025 and approached $4,755 again that October. By October 17, 2026, it closed near $2,402, roughly 33%–40% below Sun’s reported selling range.
Even so, the exit did not end his Ethereum involvement. He described the network as his preferred venue for large-scale decentralized finance operations because of its deeper liquidity. The distinction separates trading an asset from using its underlying blockchain.
Nvidia and Nasdaq-100 Investments Followed the ETH Reduction After trimming ETH, Sun moved funds into U.S. equities, expecting investor attention to concentrate on American stocks. He identified Nvidia as a major holding and reported significant Nasdaq-100 exposure, without detailing allocations or purchase prices.
His position did not imply an unqualified bullish view of technology shares. Sun said he had become slightly bearish on the Nasdaq over the medium term, citing crowded AI investments and borrowing costs. That caution coincided with the Nasdaq Composite’s 2.1% decline on October 16. The index lost approximately 4.5% that week as investors questioned heavy artificial intelligence infrastructure spending.
Bitcoin remained a separate holding. Sun said he retained it throughout the previous year while monitoring potential cryptographic threats from artificial intelligence and quantum computing. He also described isolating Bitcoin in previously unused cold-storage addresses as a precaution, without predicting when such threats might materialize.
BitTorrent spálil 21 621 611 570 729,6 BTT v hodnotě zhruba 7 600 907 USD, které odkoupil za 100 % tržeb z decentralizovaných služeb ve 3. čtvrtletí 2026.
The first round of BTT repurchased with decentralized service revenue has been completely burned, as BitTorrent leverages its reimagined architecture to pivot toward Web3 and AI infrastructure. BitTorrent, a cornerstone of decentralized infrastructure in the TRON ecosystem, entered a new phase of growth driven by dual engines: the rollout of its long-term BTT buyback-and-burn strategy and a comprehensive brand upgrade.
Central to this strategic overhaul, the long-term BTT buyback-and-burn commitment has officially translated into tangible action. Following its announcement on July 6 and subsequent scheduled repurchases, BitTorrent transferred the first round of BTT—funded by 100% of decentralized service revenue—to a burn address on October 16, successfully completing its inaugural burn cycle. Coming on the heels of the recurring buyback-and-burn mechanisms established for JST and SUN, this marks another major positive development for the TRON ecosystem in deepening its token deflationary model and value accrual.
Concurrently, BitTorrent released a brand-new official whitepaper, marking a comprehensive brand upgrade. Directly answering the demands of the Web3 and generative AI era, this upgrade establishes a powerful tripartite architecture. It brings together the BitTorrent Mainnet for peer-to-peer content distribution, BTTInferGrid as the decentralized compute layer, and BTTC for cross-chain interoperability, Layer 2 scaling, and on-chain settlement. With the native BTT token serving as the unified economic engine across the entire network, BitTorrent is delivering an open, efficient, and durable infrastructure for the decentralized AI frontier.
The rollout of these twin initiatives marks BTT’s evolution from a standard utility and governance token into a revenue-backed deflationary asset, underscoring BitTorrent’s steadfast commitment to long-term value creation. Crucially, it launches the BitTorrent ecosystem into a self-reinforcing flywheel of sustainable growth, direct value accrual, and strategic expansion.
The rollout of this long-term buyback-and-burn program marks BitTorrent’s most decisive step yet to refine its tokenomics and reinforce ecosystem value.
BitTorrent set this long-term roadmap in motion on July 6, introducing a sustainable, revenue-backed deflationary model. Under this framework, 100% of all decentralized business revenue is channeled directly into BTT buybacks and burns, executed systematically across each calendar quarter. Moving past short-term, marketing-driven buybacks financed by outside capital, this structure creates genuine value capture driven purely by real business performance.
In line with this schedule, BitTorrent completed its inaugural buyback using Q3 2026 revenue from its decentralized services. On October 16, a total of 21,621,611,570,729.6 repurchased BTT tokens, valued at approximately $7,600,907, were sent to the black-hole burn address. Trackable via transaction hash 4d9596617780e329bbd4e644ee0dffd780ec4cf3749f324d03eb98157eb04ae5, this irreversible on-chain burn permanently removes the tokens from circulation, providing the market with transparent and verifiable proof of deflation.
To guarantee end-to-end transparency and traceability, BitTorrent has set a rigorous benchmark for on-chain disclosure. Alongside the brand upgrade, a dedicated BTT buyback-and-burn dashboard is now live on its official website. Going forward, burn figures and corresponding on-chain records will be published on this page around the middle of the first month of every subsequent quarter, offering the market a transparent, predictable deflationary schedule.
Market reception has been overwhelmingly positive. Recent trading data shows strong upward momentum, with BTT posting an impressive gain of approximately 30.3% over the trailing three months as of October 15. This rally highlights investor confidence in BitTorrent’s operational cash flow and long-term prospects, confirming that this revenue-driven deflationary model has sparked a powerful engine for BTT’s value growth.
Fueling this long-term deflationary mechanism is BitTorrent’s ambitious expansion into distributed networks, cross-chain interoperability, and AI compute. This widening business footprint creates a fully self-sustaining commercial loop. As utility expands, the buyback initiative ignites a powerful flywheel that bridges revenue generation, token deflation, value distribution, and network growth. Stronger business operations and independent revenue streams provide an ever-growing financial base for BTT buybacks. In return, the rising intrinsic value of the token organically attracts more global nodes and developers, fueling the next massive leap in network adoption.
BitTorrent Reborn: A New Blueprint for Web3 and AI Infrastructure
BitTorrent is rewriting its DNA. Driven by a new whitepaper and a massive tokenomics upgrade, the protocol has officially transcended its legacy boundaries. Now firmly anchored as the definitive infrastructure for Web3 and AI applications, this strategic evolution transforms BitTorrent’s multi-tiered network into a powerhouse of deep, cross-layer synergy and structural vitality.
The explosive rise of generative AI and Web3 has hit a structural wall: sluggish data delivery, fractured compute power, and punishing on-chain settlement fees. BitTorrent confronts this bottleneck head-on. Under an evolved strategic narrative, the new whitepaper re-engineers BitTorrent’s stack from the ground up, unifying its core capabilities into a cohesive infrastructure. It decisively positions BitTorrent as a comprehensive infrastructure ecosystem spanning content distribution, decentralized compute, and on-chain scaling and settlement, driven by a tripartite synergy uniting the BitTorrent Mainnet, the BTTInferGrid decentralized compute network, and the BTTC scaling network.
Within this reimagined architecture, individual verticals no longer operate in silos; they function as interlocking gears. BitTorrent Mainnet acts as the ecosystem’s primary gateway and data distribution layer, driving peer-to-peer content delivery to connect global users, nodes, and bandwidth at scale. In tandem, the newly integrated BTTInferGrid powers the decentralized compute layer, matching distributed GPU capacity with active demand to deliver elastic, cost-efficient, and verifiable AI inference for developers and dApps. Bridging these layers, BTTC anchors Layer 2 scaling, cross-chain interoperability, and settlement across networks like TRON, Ethereum, and BNB Chain. Leveraging EVM compatibility, low gas fees, and high-frequency throughput, it executes service settlements, node staking, reward distributions, and cross-chain payments. Unifying the entire network, the native BTT token serves as the core economic engine, covering critical utilities across resource payments, gas fees, node incentives, staking, and governance.
Uniting distributed content delivery, decentralized compute, on-chain execution, and tokenomics, the reborn BitTorrent stands as an open infrastructure network built for the Web3 and AI frontier. The strategic integration of an AI compute tier decisively drives BitTorrent beyond data routing into high-value intelligent processing and full-stack solutions. Each product line operates as an independent service tier for users and developers while integrating via standardized interfaces and the BTT tokenomic engine. Together, they establish a closed-loop infrastructure pipeline spanning data distribution, compute execution, outcome verification, and on-chain settlement.
Above all, BitTorrent’s next chapter comes down to its community and the builders. The updated whitepaper refines BTT governance, putting real decision-making power and tangible economic rewards directly into the hands of the community. That philosophy comes alive through a 100% decentralized buyback-and-burn model, ensuring that every dollar earned by the network is transparently returned to token holders and ecosystem contributors.
Backing its Web3 and AI evolution with an ongoing BTT buyback-and-burn model marks a defining leap for BitTorrent. It confirms strong profitability and durable business foundations, laying down a direct blueprint to lead decentralized infrastructure. With its value-capture flywheel running at full speed, BitTorrent moves into the future of Web3 and AI with fresh momentum, an open architecture, and lasting staying power.
Cardano founder Charles Hoskinson says he is developing a concept for Midnight that will address several problems in the industry.
He describes the planned innovation as the “magnum opus” of his career. Notably, Hoskinson shared this in a post on X, saying he had nearly completed the conceptual design. He believes the initiative will bring something unique to the crypto space through Midnight.
Hoskinson Says Cardano Will Be Complete After Leios
Meanwhile, amid Hoskinson’s teaser about a new development for Midnight, some community members turned their attention to Cardano. Specifically, X user Matthew Casey asked Hoskinson whether Cardano was finished in the sense that it had achieved its core development goals.
Hoskinson replied that Cardano would be complete after the implementation of Leios, its planned scalability upgrade.
“After Leios, yes. It has everything I wanted to do,” he stated.
Meanwhile, Hoskinson noted that his vision for Cardano includes decentralized governance and development, secure consensus, the eUTXO model, Plutus smart contracts, and improved scalability.
He also highlighted Cardano’s strong security, support for different node implementations, and ability to evolve over time. He also added that millions of people already hold ADA.
Significantly, Leios aims to increase Cardano’s transaction capacity without changing its core design. Its implementation remains a major milestone in the network’s development.
After Leios, yes. It has everything I wanted to do. Decentralized consensus, governance and development, EUTXO, plutus, infinitely scalable, secure, built with formal methods, multiple independent nodes, recursively self-improving, and millions of people hold Ada.
— Charles Hoskinson (@IOHK_Charles) October 17, 2026
Midnight’s AI Trading Plans Show Its Future Direction
The latest comments from Charles Hoskinson come as Midnight explores uses beyond its privacy-focused blockchain. During an October 13 discussion, the Cardano founder revealed plans for Midnight City to support AI cryptocurrency trading in the coming months.
The feature would allow users to fund wallets and set up AI agents to trade crypto assets in different blockchains based on their goals and strategies.
Midnight also plans to create marketplaces where AI agents can discover and share trading strategies designed by others.
The project is developing Midnight Passport, which is an identity system that links AI agents to their users. An initial version is expected in late 2026.
Midnight has also adopted the Open Wallet Standard, which aims to help AI agents access wallets and carry out transactions in different blockchains and other systems.
These plans offer some insight into Midnight’s future direction. However, Hoskinson has not confirmed whether his latest teaser about a project he called the “magnum opus” of his career is connected to the planned AI trading system.
Midnight Ambassador Supports Hoskinson’s Vision
Tommy John, who identifies himself as a Midnight ambassador, praised Hoskinson’s leadership and expressed confidence in his vision.
“Boss, I sleep well at night knowing you’re behind the wheels. Proud to be a Midnight ambassador,” John wrote.
Boss, I sleep well at night knowing your behind the wheels. Proud to be a Midnight ambassador.
“A leader is one who knows the way, goes the way, and shows the way.” — John C. Maxwell , Thanks boss.
— TomJon (@TommyJohn70) October 17, 2026
Notably, Hoskinson has not yet announced when he will reveal the new concept or explained what it will involve.
Cardano price fell 2.04% to $0.219 over 24 hours, extending its weekly decline to 11%.
The broader cryptocurrency market consolidated slightly, with total capitalization near $2.73 trillion. Bitcoin price hovered at $81,650, and Ethereum and XRP were at around $2,400 and $1.30 respectively.
The developers of the Leios are aiming to release a mainnet-ready release candidate by the end of 2026. A rebound above $0.30 remains uncertain following the ADA price daily and weekly declines.
Cardano Leios Release Candidate Reaches 52% Completion
Cardano’s Ouroboros Leios release candidate has reached 52% completion, according to an update shared by Cardanians. A few development objectives were completed and 28 updates were reported on the post during the last week.
The improvement proposal, technical specification, 1,000 TPS showcase, and Leios testnet were among these. The dashboard indicates that the confidence testing was at 45% and that the hard fork objective had 0% completed.
Cardano’s Ouroboros Leios is steadily progressing towards a mainnet release candidate.
Several objectives are fully completed, and the release candidate is now 52% complete.
28 updates were added last week.
Can’t wait! 🔥 https://t.co/R808zf5oMd
— Cardanians (CRDN) (@Cardanians_io) October 16, 2026
Leios will boost the capacity of transactions on Cardano while maintaining its security with the introduction of more blocks and committee validation. To be ready for the deployment on the mainnet, a developer will need to do additional testing and integration.
Activations do also require audits, ecosystem coordination and governance approval. No confirmation of a launch date was given, and no reason was offered as to why the 28 weekly updates were made.
Cardano Price Outlook: Can Cardano Rebound Toward $0.30?
The ADA price traded at $0.2199 on October 17, as Cardano tested the $0.22 area.
The MACD line was at -0.0042, and a bit under its -0.0040 signal line, and the histogram was at -0.0002. Both lines were below zero, which confirms a bearish reading without determining the extent to which the price would fall.
The Chaikin Money Flow indicator also stood at positive value of 0.14, indicating that there was selling pressure as compared to buying pressure.
Source: ADA/USDT 4-hour chart: TradingView
The $0.22 mark has become the immediate pivot, and the continued trading under the mark poses greater downside risk. Further weakness would put a focus on the $0.21. In case of such a support, the psychological $0.20 level is a potential second target.
On the positive, the immediate outlook would be improved with the reclaiming of $0.22, leaving the first goal of recovery at $0.23. A four-hour high of over $0.23 may open a trade to the next resistance of $0.25, which is noted on the chart. The Cardano price outlook for long term could target $0.30 ahead of Leios Mainnet release candidate.
Cardano Open Interest Rises to $487.18M as Trading Volume Falls
The volume of the Cardano (ADA) derivatives trading decreased 8.99% to reach $324.55 million, and open interest rose 1.26% to reach $487.18 million. The volume of options trading fell by 92.94% to $6,590, the greatest percentage decrease among the reported indicators.
Source: Coinglass data
In the meantime, the options open interest declined 0.27% to $374,920, and the value of outstanding options positions had decreased modestly. The statistics indicated reduced trading in the derivatives market, although the aggregate open interest stepped up.
Starknet aktivoval STRK20, který u aktiv ERC-20 umožňuje skrýt zůstatky, odesílatele, příjemce i částky a zároveň selektivně zpřístupnit údaje pro audit.
Starknet now offers programmable private money, the kind of confidential digital cash Zcash pioneered, through its new privacy features.
The effort runs on two tracks. One is STRK20, a token privacy framework that is live on Starknet, the Ethereum layer 2 network. The other is Ztarknet, a project still in development that would bring Starknet’s execution engine to Zcash as its own layer 2.
What STRK20 actually does STRK20 is a framework for token-level privacy. It applies to any ERC-20-like asset, the standard format for most tokens in the Ethereum ecosystem.
Once a token uses STRK20, its balances and transfers can be confidential. The sender, the receiver, and the amount can all be hidden from public view.
The framework supports DeFi activity such as swaps, lending, and staking while keeping transaction details private.
Compliance is built in through two mechanisms: viewing keys and selective disclosure. A viewing key lets an authorized party, such as an auditor, see transaction details that remain hidden from everyone else. Selective disclosure allows a user to prove specific facts about their activity to a specific party without exposing everything to the entire network.
The research describes the result as enabling Zcash-like private assets directly on Starknet. The first major asset to use STRK20 is strkBTC, a shielded form of Bitcoin on the network.
The road from testnet to mainnet By November 2025, the Ztarknet testnet had launched with a live explorer. It demonstrated verification of Circle STARK proofs on a modified Zcash testnet.
Then came Starknet v0.14.2 in April 2026. The upgrade enabled native STARK proof verification through a proposal called SNIP-36, which laid the groundwork for STRK20.
STRK20 itself was activated by June 2026.
Ztarknet remains in development. Its design uses ZEC, Zcash’s native token, to pay settlement fees on the Zcash base layer. It relies on the Madara sequencer, which orders transactions, and the Stwo prover, which generates the STARK proofs. Ztarknet is designed to operate without changing Zcash’s existing shielded pools.
Why the Starknet and Zcash overlap matters Eli Ben-Sasson and Zooko Wilcox, two prominent figures in blockchain and privacy, are heavily involved in both efforts.
What this means for privacy in crypto STRK20’s viewing keys and selective disclosure are designed to address compliance concerns that have historically put pressure on privacy coins. The research suggests that as privacy rules tighten globally, platforms offering compliant private transactions are likely to draw institutional interest.
For DeFi, public blockchains broadcast every trade, which exposes users to front-running and makes large positions easy to track. Confidential swaps and lending could make onchain finance more workable for anyone who prefers not to show their hand.
The key milestones ahead sit with Ztarknet. Watch for progress from testnet toward production, how ZEC-based settlement performs in practice, and whether developers actually build on it.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Aave V4 has passed $450 million in active loans less than seven months after its March 2026 launch on Ethereum. Here is what is driving growth in the Aave lending protocol and what the data shows.
Aave V4 has reached $450 million in active loans, a milestone the protocol marked in a post from @aave. The latest version of the DeFi lending platform, led by Aave Labs CEO @StaniKulechov, went live on March 30, 2026, which puts the figure at less than seven months after launch.
How Aave V4 reached $450M Aave V4 rolled out on the Ethereum mainnet after more than two years in development. The initial deployment included three hubs (Core, Plus, Prime) and eleven spokes, which route liquidity across different collateral categories. The launch was deliberately cautious. All three hubs started with conservative supply and borrow caps, which Aave Labs described as an intentional, security-first approach.
Growth then picked up. V4 deposits sat below $340 million at the start of August and were around $1.16 billion by late September, with active loans between $300 million and $310 million. Aave V4 also launched on Avalanche on July 15, its first multi-chain deployment. More recently, deposits on Circle's Arc blockchain crossed about $300 million by October 12, with total V4 deposits near $1.2 billion and active loans above $400 million across Ethereum, Avalanche and Arc.
Tokenized equities are part of the picture. Aave V4's Base deployment supports borrowing against seven Coinbase-tokenized U.S. stocks, and eligible users outside the United States can deposit them and borrow USDC. U.S. users are excluded.
What it means for $AAVE holdersThe V4 numbers come after a weak stretch for the wider protocol. According to Token Terminal data cited by Cryptonews, Aave's deposits and active loans in September were both more than 55% below their September 2025 levels , and protocol revenue remained 66.6% below the previous year . The same report said Aave remained the largest onchain lending protocol, with 47% of outstanding loans across the projects Token Terminal tracks.
In other words, V4's $450 million in active loans is still small next to the roughly $12.5 billion in total active loans across Aave, based on Aavescan data. V4 is, however, the fastest-growing part of the protocol.
Whether that translates into value for the $AAVE token will depend on whether borrowing demand keeps rising and converts into protocol revenue. Kulechov has said V4 is focused on the borrow side. He told The Block the aim is
Sources
Aave Labs: Aave V4 is Live on EthereumThe Block: Aave V4 launches on Ethereum mainnetCryptonews: Aave's lending recovery faces a new test as V4 expands
Babylon Labs navrhuje integraci, která by držitelům BTC umožnila půjčovat si stablecoiny prostřednictvím Aave V4, aniž by museli používat zabalené tokeny nebo přesouvat BTC z bitcoinové sítě.
Babylon Labs has introduced a governance proposal that would allow Bitcoin holders to borrow stablecoins through Aave without moving their BTC off the Bitcoin blockchain. If advanced, this initiative could expand Aave, a leading decentralized finance (DeFi) lending platform, by offering direct Bitcoin-backed lending without the need for wrapped tokens.
Taproot Vaults to Enable Native Bitcoin CollateralThe proposal, published on October 14, details an integration using Babylon’s Trustless Bitcoin Vaults (TBVs) to link native Bitcoin with Aave V4’s Ethereum-based system. Instead of relying on wrapped Bitcoin, users would lock their BTC in Taproot-enabled outputs directly on the Bitcoin network.
Once locked, a corresponding record would be reflected within Aave V4, permitting users to access stablecoin liquidity without bridging assets to Ethereum. The system employs two core elements: the Babylon Spoke, which manages borrowing against BTC, and the BTC Vault Swap Spoke, responsible for liquidations and settlements.
Because Aave’s lending pools require ERC-20 tokens as collateral, the integration generates a restricted accounting token to represent users’ Bitcoin vaults in Aave. However, this token cannot be traded or freely transferred like standard wrapped BTC assets.
Mini dictionary: Babylon Labs is a blockchain research and development company focused on expanding the utility of Bitcoin through innovations such as trustless staking vaults and decentralized finance integrations.
Babylon has promoted on-chain BTC utility before, notably with its staking infrastructure—since August 2024, it reports over 100,000 Bitcoin cumulatively staked in its vaults, signaling demand for advanced Bitcoin-based financial products.
Babylon Foundation, in its governance documents, indicated that its TBV system allows users to gain liquidity from Aave without forfeiting custody or relying on wrapped assets, offering a way to participate in DeFi while retaining native BTC ownership.
Governance and Security MechanismsAs the proposal moves past an initial community review, governance concerns have emerged over how emergency mechanisms will affect user access. On October 16, an Aave governance member questioned whether Babylon’s emergency settings could delay or prevent collateral withdrawals, despite the Bitcoin itself remaining secure in its Taproot vault.
Babylon engineer Aleksa Opacic clarified that these emergency stops would not move or release any BTC from vaults, but could temporarily suspend withdrawals, repayments, and liquidations to maintain platform stability during critical situations.
The system would rely on a four-of-seven multisignature governance group plus a separate three-of-five emergency guardian team. Contract upgrades would be subject to a five-day grace period, while emergency pauses could take effect immediately.
A Babylon engineer emphasized that while the native BTC collateral remains secure, emergency protocols might temporarily restrict access to borrowers during periods of volatility or risk assessment.
Security measures of this kind have drawn scrutiny within the DeFi space, as real-world incidents involving liquidations and collateral control underscore the importance of robust on-chain governance and transparency.
Revenue Sharing and Competitive LandscapeThe proposal also lays out a revenue-sharing model between Aave DAO and the Babylon Foundation. Under the plan, Aave would receive the first $500,000 in qualifying annual revenue from the Bitcoin-backed lending feature. Earnings above that threshold would be divided among Aave, Babylon, and token-purchase pools based on a sliding scale.
Annual RevenueAave ShareBabylon ShareToken Purchase AllocationUp to $500,000100%0%0%$500,000–$1,000,00060%30%10%Above $1,000,00050%25%25%As revenue grows, portions of these funds would be used to purchase AAVE and BABY tokens from the market. Still, the framework does not guarantee minimum demand for the product or required token acquisitions.
This development aligns with Aave’s ongoing expansion of version 4 of its lending protocol, as well as increased institutional and platform interest in direct Bitcoin-backed lending.
Competitor platforms like Strike also offer Bitcoin-secured loans, highlighting how different providers are balancing the need for liquidity with the risks tied to collateral liquidation. The outcome of Aave’s governance process will determine whether this integration proceeds to implementation.
Výpadek směrování 12. srpna vyřadil z provozu 28,83 % stakovaných SOL; síť Solana zůstala online, ale finalizace bloků se přibližně na půl hodiny zastavila.
18 October 2026 | 11:50 At about 03:43 UTC on August 12, a bad internet route began spreading from TeraSwitch’s data centre in Miami.
According to Metrika’s analysis of the incident, around 90 Solana validators holding roughly 29% of staked SOL lost connectivity, and blocks took up to about 30 minutes to finalise, against the usual 13 seconds.
Solana never went down. Blocks kept coming, and an uptime chart would have shown an ordinary day. On Wednesday, October 21, the network switches to Alpenglow, an upgrade that targets finality of roughly 150 milliseconds, but nothing in it touches the hosting problem. A research report published on October 16 by Fidelity’s FCAT unit puts the largest hosting network at about 29% of stake, close to the share Metrika saw go offline.
What happened on August 12 Solana finalises a block, the point at which a transaction can no longer be reversed, only while more than two-thirds of staked SOL is voting. That normally takes about 13 seconds. With roughly 71% of stake still online on August 12, the network stayed above the line, but only just. Metrika puts the offline share at 28.83%, against a 33.34% point at which finalisation stops chain-wide.
August 12: share of staked SOL offline, against the finality-halt line
Offline: 28.83%
Headroom: about 4.5 points
Finalisation stops: 33.34%
Online: about 71%
Source: Metrika.
Metrika says another four to five percentage points of stake on the affected routes would have meant a network-wide halt needing coordinated recovery. The fault began in TeraSwitch’s Miami facility and spread to validator infrastructure in London, Amsterdam, Frankfurt, Singapore and Tokyo, and in most cases the affected validators’ backup systems never switched on.
TeraSwitch fixed the fault about ten minutes after diagnosing it, and traffic was flowing again by 04:16 UTC, 33 minutes after it began. Validators recovered over the following 40 minutes. In that time, the share of scheduled slots producing no block jumped above 32%, from under 1%. Non-vote transactions per second fell from roughly 1,100–1,300 to below 300. For about half an hour no blocks finalised at all, and the backlog then cleared in a burst averaging around 1,600 seconds from production to finality.
The one number that didn’t move was uptime, which held at 100% because the chain never stopped producing blocks. For about half an hour, though, nobody could say when a payment would become irreversible. Metrika, which sells a digital-asset risk-management platform and draws on its own indicators here, treats finality delay, not downtime, as the event that matters to anyone settling funds on Solana.
What a stalled chain would and wouldn’t mean The risk FCAT describes is stalled finality and possible censorship. A coalition holding more than one-third of stake could stop the rest from reaching the two-thirds needed for finality, the report says, but it would not gain unrestricted control over user assets or the ability to rewrite finalised transactions. A hosting fault that took out the same share of stake would halt finality without anyone attacking anything.
That share is not hard to reach. FCAT counts roughly 20 validator identities (18 in another passage) holding more than a third of stake, and says that third sits in two countries, on two hosting networks and on two base client implementations. Those are vote accounts, not independent organisations: Figment, for one, runs two of the top five validators in that group. FCAT’s overall verdict is positive, citing more than two years without a major mainnet outage, vote success averaging about 99.7% in 2026 and a software stack that is slowly diversifying. It lists concentration as the thing to keep watching. FCAT is Fidelity’s applied-technology research unit and runs a small Solana validator of its own.
Two months on, the share is still about 29% FCAT’s October snapshot puts the largest hosting network at about 29% of stake. The two figures measure different things, stake offline during a fault and a network’s share of all stake, but they land in the same place. FCAT says the Solana Foundation had already been working to reduce TeraSwitch’s dominance. Here is how its numbers break down, from the people running validators to the code they run.
18-20
OPERATORS
validator identities hold over a third of stake
Vote accounts, not independent organisations. Figment runs two of the group’s top five.
~40%
LOCATION
of stake in Frankfurt and Amsterdam
An IP-geolocation estimate that FCAT says may be inaccurate. About 59% sits in Germany, the Netherlands and the US.
~29%
NETWORK PROVIDER
of stake on one hosting network
October snapshot. Validators in different cities can share a provider, and validators in one city can use different ones.
~63%
SOFTWARE
of stake ran Jito-based software in Q3
Another 26% ran Harmonic. Most configurations still share Agave code underneath, so one bug there could hit them together.
Source: FCAT, The State of Solana: Network Health and Resilience (October 2026).
Validators cluster for a reason. Latency rewards being close to other nodes, FCAT notes, and specialist hosts such as TeraSwitch and Latitude build hardware for Solana’s workload. Operators do have protections: failovers, backup power, and private networks such as DoubleZero that reduce reliance on the public internet. The Foundation also set up an incident-response network, SIRN, in early 2026. On August 12, though, most backups never switched on.
The Foundation’s limit reaches about 4% of stake The Solana Foundation’s delegation programme sets the main rule. Since May 1, 2026, validators that want Foundation stake have had to sit on a hosting network under a 25% ceiling and in a data centre under 15%. A validator that fails loses its Foundation delegation until it passes again.
The limits took effect three months before the August fault, and by FCAT’s October snapshot the largest network was still above the ceiling. The programme’s reach is the other half of the problem. As of Q3 it delegated to about 51% of validators, but those delegations amounted to about 4% of active stake. The rule gives validators a reason to diversify, but it doesn’t govern the rest of the stake.
Largest hosting network’s share of stake (October)
About 29%. The black line marks the Foundation’s 25% ceiling.
Stake delegated by the Foundation’s programme (Q3)
About 4%.
Both bars use the same scale, 0-40% of staked SOL. Sources: FCAT, Solana Foundation.
What Alpenglow fixes, and what it doesn’t Alpenglow goes live on mainnet in epoch 1064, which Solana says starts around 15:00 UTC on Wednesday, October 21. Anza, the team behind the Agave client, has said about 14:50. The old voting system keeps running for the first 5,000 slots, about 18 minutes, and the new one takes over at slot 459,653,000. Finality is meant to drop from about 12.8 seconds to roughly 150 milliseconds, a figure Solana describes as an expectation, not a constant. Wallets and apps keep working as they do today.
It does nothing for the hosting problem. A faster vote shortens how long agreement takes, but nothing on Solana’s upgrade page changes where validators run or which provider connects them.
For now it also narrows software diversity. Validators must run Agave, Jito-Solana or Harmonic Salsa on a release built on Agave 4.3.0. Firedancer and Frankendancer aren’t supported during the migration, and Solana’s page gives no date for when they will be. Firedancer is the independent codebase FCAT calls Solana’s most significant move toward independent client diversity. Validators must also hold at least 0.8 SOL above the rent-exempt minimum in their vote account, or they won’t vote or produce blocks in the next epoch.
BEFORE
Now to about 14:50-15:00 UTC, October 21
Firedancer and Frankendancer operators move to an Agave-based client. Every voting validator holds 0.8 SOL above rent-exempt in its vote account.
AT THE SWITCH
Epoch 1064 begins
The old voting system runs for the first 5,000 slots, about 18 minutes. Alpenglow takes over at slot 459,653,000.
AFTER
What changes for data
Vote transactions leave blocks, so transaction counts fall. Confirmed and finalized become the same state. Participation data moves to block-footer certificates.
Monitoring changes too. Metrika’s analysis treats votes per block as the closest indicator of how near the network is to the finality line, because votes are ordinary transactions carried in blocks. Alpenglow takes votes out of blocks, and Solana’s migration notes say anything that measures validator participation by parsing vote transactions will need a new source, because that data moves into certificates in the block footer. Reported transaction counts will also fall without any drop in real activity.
What to check this week If you stake SOL: look up where your validator is hosted before you delegate. Validators.app, the source both FCAT and the Foundation use, tracks stake by hosting network and data centre. A validator on the largest network shares the August risk.
If you build on Solana: expect transaction-count and TPS dashboards to drop on Wednesday with no change in real activity. Keep reading at confirmed until Alpenglow is live, then move to finalized, as Solana’s migration notes advise. Before activation, finalized still means a wait of about 12.8 seconds. Re-check any timeout or retry tuned to that delay, and track time to finality alongside uptime.
If you run a validator: if you use Firedancer or Frankendancer, switch to an Agave-based client before epoch 1064, and check that the vote account holds the 0.8 SOL.
After Wednesday, two numbers are worth watching: whether the largest hosting network’s share falls below the Foundation’s 25% ceiling, and when Firedancer is supported again. Neither is on Wednesday’s schedule.
This article is provided for informational purposes only and does not constitute financial or investment advice.
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.
Míra spalování poplatků u Solany dosáhla 2,2 %, což je nejvyšší hodnota od začátku roku 2025; SOL/ETH tento měsíc klesl o více než 2,3 % a naráží na úroveň odporu 0,05.
This October, capital flows seem to prefer Bitcoin despite the overall risk-off mood.
Technically, it means that capital is not rotating into altcoins as the textbook fear rotation would suggest. Ethereum dominance fell 5% this month, and Bitcoin dominance increased 2.5% this month, highlighting a clear shift in market preference toward BTC.
Then, what does this imply about the SOL/ETH momentum?
The ratio jumped over 11% during the last two months but decreased by more than 2.3% so far this month. Thus, Solana seems to have difficulty gaining any significant ground against Ethereum despite the relative weakness of the latter.
Moreover, the ratio now encounters resistance at the critical level of 0.05.
Source: TradingView (SOL/ETH) Why is Solana’s activity lead missing from SOL/ETH? That said, on-chain data tell a different story.
According to data from Token Terminal, Ethereum has only recorded around 28 million transactions so far this month, compared to over 6 billion on Solana.
The key takeaway?
Solana is averaging nearly 1,500 transactions per second in 2026, which is almost 8x BNB Chain’s throughput and around 60x Ethereum’s, underscoring the network’s edge in transaction throughput.
Notably, this divergence is beginning to show in social sentiment.
Data shows Solana has overtaken Ethereum in Social Engagements, with 29.7 million engagements over the past 24 hours compared to ETH’s 28.91 million. In addition, Solana has overtaken Ethereum in Creator Activity, with 24.4k creators compared with 23k for ETH.
This suggests that there is growing social traction for SOL, even as its relative price momentum against ETH remains weak.
The key question is: Why is the market still betting on the SOL/ETH setup despite capital flows favoring Bitcoin and ETH demonstrating better price momentum than Solana [SOL]?
According to AMBCrypto, this is where Solana’s divergence in transaction activity begins to matter.
Could Solana’s fees support a SOL/ETH recovery? High transaction activity can generate fees, giving the activity comparison an economic dimension.
Solana’s Monthly Fees reached around $20 million in recent months, with October already recording $15 million. Ethereum generated approximately $8 million in fees over the comparable October period.
However, the supply implications required a closer look.
Solana burned half its Base Fees, while validators received all Priority Fees. Higher total fees therefore offered an incomplete supply picture.
The accompanying Blockworks chart put Solana’s Burn Rate at 2.2%, its highest since early 2025. That reading alone did not establish that SOL’s supply was shrinking or that burns exceeded new issuance.
Source: Blockworks What could Ethereum’s staking queues mean for SOL? Meanwhile, the staking dynamics of Ethereum [ETH] are adding another layer to the SOL/ETH setup.
According to ValidatorQueue, ETH’s entry queue has fallen from 3 million in early May to 1.23 million. At the same time, the exit queue has jumped from around 103,000 to over 1 million, suggesting that demand for new staking deposits is cooling and there is a surge in the number of validators waiting to unstake their ETH.
In short, the SOL/ETH ratio is showing a divergence between tightening supply and cautious market demand. If this trend holds, Solana’s growing burn rate and Ethereum’s increasing staking exit queue could strengthen SOL’s relative performance and set the stage for a breakout above the 0.05 level.
Final Summary Solana’s high transaction activity and rising burn rate are helping tighten SOL’s supply, even as its price struggles against ETH.
Ethereum’s rising staking exit queue could give SOL an edge and support a potential SOL/ETH breakout above 0.05.
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.
Shibarium's daily transactions dropped to 659 in the last 24 hours, the lowest since September 20, 2026, according to Shibariumscan data. The Shiba Inu layer 2 saw 2,280 transactions on October 15, 2026, which dropped to 659 on October 17, 2026.
The dip shows there is less activity on the network as a whole. The number of transactions fell sharply from 5,710 on October 6 after a steady rise in September. While the number of transactions is a metric for measuring network usage, it does not capture all aspects of ecosystem participation.
Shibarium continues to receive quiet upgrades behind the scenes. According to long-time SHIB community member Mazrael, CreateX is now live on Shibarium. CreateX is the standard factory devs use to deploy contracts at the same address on every chain, making multi-chain deploys on Shibarium much easier.
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In a separate development, all 12 Safe v1.4.1 contracts are deployed at their canonical addresses via the Safe Singleton Factory.
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In separate news, x402 is fully live on Shibarium with two payment modes: exact, allowing users to pay a fixed price, and up to, allowing users to pay up to a cap, for metered APIs and AI agents. AI agents can pay in SHIB, TREAT, or wrapped BONE.
A notice on the Shibariumscan page reveals ongoing indexing: "59% Blocks Indexed – We're indexing this chain right now. Some of the counts may be inaccurate."
Shiba Inu adds 2,495 holdersShiba Inu continues to expand its holder base in October, adding 2,495 holders according to the Etherscan SHIB X account despite relatively quiet growth across the broader cryptocurrency market.
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The increase suggests that SHIB continues to attract new wallet holders, but whether that growth translates into stronger market demand remains to be seen as the month progresses.
At the time of writing, SHIB was down 2.98% in the last 24 hours to $0.00000488 and down 10.13% over the past week.
Zelcore 8.39.0 přináší přepracovaný export daňových údajů, podporu Kaspy včetně KRC-20 a Ledgeru a migraci FLUX z Ergo na hlavní řetězec Fluxu v poměru 1:1 bez poplatku pro držitele k bloku 1 878 291.
Fluxers! Zelcore 8.39.0 is out. It rebuilds Tax & CSV export from the ground up, brings a big set of Kaspa features including names, KRC-20 tokens and Ledger support, lets you free a FluxNode’s collateral instantly, adds InstaSwap with private and zero-knowledge swaps, and opens the migration for FLUX on Ergo.
Tax & CSV export, rebuilt Tax season is where wallets usually let you down. This release fixes that properly.
One export for every coin. Open it from the Export CSV button on any coin, or from Tax & CSV export in the wallet menu. Choose the wallets, coins and period, and save one combined file or one file per coin.
Complete history. The export now reads each address’s history all the way to the end, rather than stopping after one page. Fees are counted for the wallet that paid them, contract calls, internal transfers and both sides of a swap are written out, and every row is valued from full price history. Anything Zelcore cannot price or classify is flagged — never dropped, and never quietly valued at zero. Cosmos Hub, Osmosis, Cardano, Sui and BNB Beacon Chain can now be exported too.
Templates for your tax tool. Ready-made layouts for Koinly, CoinTracker, CoinLedger, CoinTracking, Blockpit, ZenLedger, TokenTax and eleven more, plus neutral and accountant layouts — each following the tool’s own published sample file. Save as CSV, XLSX or JSON. The Zelcore classic and Koinly layouts are free for everyone; the other tool layouts, fiat values and custom mappings come with Zelcore+.
Your own mappings. Add, reorder and rename columns, set the date format, timezone, decimal separator and sign convention, and preview the result against your own history. For tools that sync by address, you can export a list of your public addresses — never any keys.
Private and fast. The export dialog lists every server it will contact, and an encrypted cache on your device means a repeat export only reads what is new.
Kaspa, all the way Kaspa names. Send KAS or KRC-20 tokens to a KNS name such as alice.kas. The resolved address is shown under the name before you can send. KRC-20 tokens. Tokens your wallet holds are discovered for you, and verification shows a token’s logo, decimals, supply and minting state before you import it. Kaspa on Ledger. Import a Kaspa address from a Ledger device and send KAS. UTXO consolidation. With more than 80 UTXOs, one tap merges them, showing the count and total fee before you sign. Live and complete. Incoming payments appear within seconds, Load More reaches older history, KRC-20 screens list transfers, mints and trades, and Sign Message works with Kaspa addresses. KCC tokens at your address are found and shown with balance, supply and history, and the Igra bridge can now move iKAS back to KAS. Free a FluxNode’s collateral instantly Deleting a FluxNode in Zelcore now frees its collateral at once, with no transaction, and the node stays deleted across restarts. The freed collateral appears under Available to lock, with a Lock button ready when you want to put it back to work.
The FluxNode map is rebuilt too: faster, theme-aware and smooth to zoom. Hover a location to see its nodes, click a country to filter, and switch on Only my nodes to see just yours.
InstaSwap: private and zero-knowledge swaps InstaSwap joins Zelcore as a swap provider in three forms: InstaSwap routes your swap through decentralized exchanges; InstaSwap Private makes the deposit and payout impossible to link on chain; and InstaSwap ZK settles through a zero-knowledge shielded pool. Badges on each offer show which kind you are looking at.
FLUX on Ergo comes home In Fusion, holders of FLUX on Ergo at block 1,878,291 can now migrate it 1:1 to the Flux main chain, with no fee. We wrote a step-by-step guide: Claims for FLUX on Ergo Are Open.
Faster, lighter, everywhere Half the code at launch. Zelcore loads less than half as much code at startup; support for some chains now loads the first time you use them. Hardware wallets, front and centre. Hardware Wallet now sits in the import menu without the Experimental label, and actions a hardware wallet cannot sign are hidden or refused clearly rather than failing part-way. Ledger sends now wait patiently for your approval on the device. Every language complete. All 18 languages now cover every screen, with about 27,000 translations added and 5,000 improved. CumulusVPN in Apps, alongside FluxDrive and the other Flux network apps. Get it Zelcore updates itself on desktop, and the latest version is at zelcore.io/download.
Upgrade Glamsterdam má na finálním testnetu Hoodi před spuštěním v hlavní síti zvýšit gas limit Hoodi z 60 milionů na 200 milionů, tedy přibližně 3,3krát.
Cover image via U.Today 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.
According to Ethereum researcher Toni Wahrstätter, Hoodi is the final testnet before Glamsterdam reaches mainnet. The upgrade is expected to bring a major change to Ethereum's gas limit, with the proposed increase taking it from 60 million to 200 million.
That would represent a roughly 3.3-fold increase, potentially allowing more computation and transactions to be included in each block, depending on their gas requirements.
Hoodi is the final testnet before mainnet. With Glamsterdam going live soon, Ethereum will 3.3x its gas limit, from 60M to 200M. From there, 300M feels like a realistic next step.
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— Toni Wahrstätter ⟠ (@nero_eth) October 18, 2026 Following its activation on Sepolia on October 6, the Glamsterdam network upgrade is now scheduled for the Hoodi testnet. Glamsterdam advances Ethereum's L1 scaling roadmap with enshrined proposer-builder separation, block-level access lists, and gas pricing changes that better reflect the cost of execution and state growth.
The Glamsterdam network upgrade will activate on Hoodi at epoch 132,352, slot 4,235,264 (October 26, 2026, 17:42:48 UTC). At the same epoch, Hoodi's gas limit will be raised to 200 million via the gas limit schedule, matching the Sepolia testnet.
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Wahrstätter suggested that 300 million for Ethereum's gas limit could become a realistic next step after the proposed 200 million target. However, that figure should be treated as a potential future milestone rather than a confirmed part of the Glamsterdam upgrade.
According to Ethereum developers, the mainnet activation time for the Glamsterdam upgrade will be announced once decided by client teams.
Hegotá eyes 2027 launchPreparations for Hegotá are shaping up as Glamsterdam nears the final mile. According to Ethereum creator Vitalik Buterin, Hegota—the fork planned for next year—may likely be Ethereum's last "normal" fork, with features and technology that would be recognizable to someone from 2015.
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Everything after that involves recursive STARKs, automated formal verification, highly optimized consensus algorithms, and making it all quantum-safe. With PeerDAS, Ethereum began its transition from being just a blockchain to something much more powerful.
Starting after Hegotá, this transformation becomes Ethereum's primary story. The outcome: a cryptographic world computer. According to Ethereum researcher Toni Wahrstätter, 23 EIPs are being considered for Hegotá, with two headliners (FOCIL and Frame Transactions).
Zloději vyprázdnili tři adresy podvodníka využívajícího Ledger a odcizili více než 60 BTC v hodnotě přibližně 4,8 milionu USD získaných prostřednictvím podvodu s úkoly.
Thieves are draining nearly $5 million in Bitcoin (BTC) from a crypto scammer who profited from deceiving victims through a task scam.
Chainalysis says one of the biggest victims in the Ledger thefts was the scammer themselves.
“One of the biggest victims of the Ledger theft was a scammer themselves. They lost more than 60BTC, about $4.8M. The funds were from a task scam.”
The firm details how the scam operated by paying people to fake sales and reviews of real items before creating a negative balance that tricked victims into adding their own money.
“In this task scam, people were paid to fake sales and reviews of real items. Then a ‘negative balance’ appeared, and they were told to add their own money in order to get paid.”
On September 22nd, the scammer moved the proceeds into three separate Ledger addresses that thieves emptied on October 9th with one transfer each into the same wallet reported as containing stolen funds.
Criminals stole approximately $90 million in digital assets from cryptocurrency wallets last week by tampering with hardware wallets, small USB-like devices designed to securely store the keys used to access crypto holdings, reports the Financial Times.
Ledger said Thursday that organized criminals spent several months buying genuine Ledger devices, opening them and installing concealed components designed to capture users’ recovery phrases during setup. The tampered devices were then returned to circulation through resellers in Southeast Asia.
The attackers also built their own technical and logistical infrastructure, including servers to collect recovery phrases and systems to drain and launder stolen funds.
“They were patient, they spent millions and they struck in one coordinated operation, draining wallets.”
All affected devices were sold by CryptoBilis, a Malaysia-based reseller.
Bitcoin Cash and Uniswap join CME’s futures lineup on Monday, October 19, becoming the exchange’s tenth and eleventh single-coin crypto futures.
CME announced the contracts on September 22, pending regulatory review, and Bitcoin Cash rose more than 25% that day, according to Decrypt.
Bitcoin Cash split from Bitcoin in 2017 over block size, and its backers pitch it for cheaper payments. UNI is the governance token of Uniswap, the largest decentralized exchange. Holders use it to vote on changes to the protocol.
BCA
Bitcoin Cash
250 BCH
≈ $84,500
MCH
Micro Bitcoin Cash
25 BCH
≈ $8,450
UNI
Uniswap
10,000 UNI
≈ $92,800
MUN
Micro Uniswap
1,000 UNI
≈ $9,280
Dollar values at September 22 prices (BCH $338, UNI $9.28) and move with the market. Contract details: CME product page.
What one contract is actually worth
Each Micro covers a tenth of the larger contract, and even the smallest is a five-figure position. A 5% move in UNI changes the value of a Micro Uniswap contract by about $460. A $10 move in BCH changes a Micro Bitcoin Cash contract by $250.
Nobody receives coins. According to CME’s clearing advisory, the contracts settle in cash against a reference price at expiry, so traders need a futures account rather than a crypto wallet. Each contract also has a fixed expiry date. Anyone holding a position for longer has to close it and reopen it in a later month, paying trading costs each time.
Who these are built for
CME says the launch answers client demand for regulated ways to manage altcoin price risk. The firms quoted in its announcement show who that means: Volatility Shares, an ETF issuer, and Ripple Prime, Ripple’s prime brokerage business, which finances institutional trading.
For Bitcoin Cash, the obvious users are miners and businesses paid in BCH that want to lock in a price for coins they already hold. For Uniswap, it’s funds and project treasuries that hold UNI and want protection against a fall without selling the tokens they vote with.
For individuals, the maths is harder. A Micro contract worth around $9,000 can swing by several hundred dollars on an ordinary day, and that money moves in or out of the account the same day. Offshore exchanges have offered BCH and UNI derivatives in much smaller sizes for years. What CME adds is a US-regulated venue, not a cheaper way in.
A Bitcoin Cash miner hedges 275 coins
Holds 275 BCH (≈ $93,000 at $338). Sells one BCA and one MCH contract, a 275-coin short.
If BCH falls 10% to $304.20
Coins ……….. −$9,295
Futures ……… +$9,295
Net …………. ≈ $0
If BCH rises 10% to $371.80
Coins ……….. +$9,295 (on paper)
Futures ……… −$9,295 (paid in cash as prices move)
Net …………. ≈ $0, but cash has left the account
Before fees, assuming futures and spot prices move together. In practice they drift apart a little.
The second scenario is the one that catches people out. CME’s margin rules settle gains and losses on futures as prices move, so the miner pays out on the hedge before it has sold a single coin. The initial margin is a deposit, not a limit on what it can lose.
Will futures push BCH and UNI higher?
BCH’s jump came on the announcement, before a single contract traded. Nothing about the futures requires anyone to buy coins. A trader betting on a rise can buy BCH futures without touching BCH, and a holder hedging with futures keeps the coins they already have.
Futures pull in spot buying mainly in one case. When futures trade far enough above the coin’s price, trading desks buy the coin and sell the futures, collecting the gap as the two prices meet at expiry. That only pays if the premium covers borrowing, fees and custody. Market makers quoting the new contracts may also buy or sell coins to balance their books, but that can push the price either way.
Don’t expect a flood of volume
CME’s earlier altcoin launches give a realistic yardstick. Futures on Cardano, Chainlink and Stellar, launched in February, and on Avalanche and Sui, launched in May, have produced just over $1 billion in combined notional value so far this year, according to CME. Its crypto futures and options as a whole averaged $8.3 billion a day in the first half of the year. Five altcoin markets, in other words, have traded less in ten months than the complex does in a typical three hours.
Contract counts will mislead too. Ten Micro UNI contracts equal one large one, so a headline figure for contracts traded says little without the dollar value behind it.
How to tell if these futures catch on
Open interest
Weak: drops back after launch week
Strong: keeps building for a month
Quotes
Weak: wide gap between buy and sell prices
Strong: tight prices with real size behind them
Dollar volume
Weak: behind the Cardano-to-Sui pace
Strong: level with it or ahead
Expiry months
Weak: everything in the nearest month
Strong: positions in later months too
Jargon decoder
Basis: the gap between the futures price and the coin’s price.
Open interest: contracts still open at the end of the day. Each has a buyer and a seller, so a rise on its own isn’t a bullish signal.
Margin: collateral held by the broker, topped up or paid out as prices move.
Cash settlement: at expiry, profits and losses are paid in dollars. No coins change hands.
Getting access: you need a futures broker that lists the new contracts and has cleared you to trade them. No crypto wallet is required, as CME’s crypto futures FAQ explains. Trading switches on Sunday evening, October 18, for the Monday trade date, according to CME’s operational notice, and runs on the exchange’s round-the-clock crypto schedule with short maintenance breaks.
This article is provided for informational purposes only and does not constitute financial or investment advice. Futures use leverage, and losses can exceed the initial margin.
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.
DogeOS, built by the MyDoge team, says users have completed over 1 million quests in The Grand Heist, a campaign exploring the Dogecoin (DOGE) ecosystem.
@DogeOS, built by the founders of @MyDoge, has reported that users have completed more than 1 million quests on its platform. The figure points to rising engagement around $DOGE, though it raises the question of how much of it reflects lasting retail adoption.
What the quests areQuests on DogeOS are accessible through the MyDoge wallet. They are gamified missions and community tasks that form part of "The Grand Heist", a loyalty and engagement campaign designed to explore the Dogecoin ecosystem.
According to the DogeOS blog, users pick a crew, run missions and try apps, all inside the MyDoge app. Chapters run for roughly a week, with new missions added each week from the team and from partners building on DogeOS. Participants earn XP and badges and collect items used across DogeOS, the project said in its MyDoge V3 announcement.
The campaign opened to everyone on October 8, alongside the MyDoge V3 release, according to CoinGabbar. The same report said the team had flagged more than 100,000 completed quests on October 12, before the 1 million milestone.
The headline number needs context. Quests completed is not the same as unique users, since one person can finish many tasks, CoinGabbar noted. Earlier figures from an AMA, which were not independently verified, cited about 8,000 new users per day, per a KuCoin recap.
The technology behind DogeOSDogeOS is an application layer for Dogecoin. , according to Unchained.
The setup still has limits. , Crowdfund Insider reported. , according to Crypto Briefing.
On funding, , per Play to Earn.
There is also no token or reward confirmation tied to the quests. UseTheBitcoin reports that DogeOS has not announced a native token or confirmed an airdrop, and that the quest terms state completing quests does not guarantee rewards.
For now, the 1 million quest figure is a sign of activity on a testnet-stage product rather than proof of a mature retail ecosystem. Whether that engagement carries over once DogeOS reaches mainnet remains to be seen.
SourcesCoinGabbar: DogeOS passes 1 million quests
DogeOS Blog: The Grand Heist
Unchained: DogeOS opens public testnet
