Track market-moving stories before they get noisy

USD stablecoins hold at $303.4 billion while euro tokens reach $810.1 million

Physical Intelligence opens its robot model API: Picking strawberries, assembling servers, new actions can be trained in just 4 days.

Beating AI News Flash: U.S.-based robotics AI firm Physical Intelligence (Pi) has launched the beta version of its Pi API, opening access to its foundational robotics model to more enterprises. Developers only need to upload robot operation data to fine-tune the model on Pi’s cloud computing power, then control their own robots via the API. There’s no need to train models from scratch or build complex training and inference infrastructure independently. Pi showcased real-world use cases from multiple partners, including AgRobotics’ strawberry-picking robots, autonomous loaders for self-driving trucks, and robots for food processing and server assembly. Among these, startup Almond used the Pi API to get its dual-arm robot to learn polishing the parts required for its own assembly after just 4 days of iterative training and testing. Pi had previously open-sourced robotics models such as π0 and π0.5, but developers still had to deploy and train them on their own. This time, the company has further packaged model fine-tuning, computing power, and inference services into an API, aiming to become a shared intelligent foundation for various robots. However, test access is still by application only, and pricing has not been announced yet.

3 minutes ago

Spark: Q3 Net Protocol Revenue Surpasses $4 Million, Stablecoin Swap Layer Hits Over $14 Billion in Trading Volume in Its First Month

DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million in USDS liquidity, offering stablecoin swap services to banks, fintech firms and payment companies, and recorded over $14 billion in trading volume in its first month.

3 minutes ago

Morgan Stanley's Q3 net revenue hit $20.34 billion, exceeding the consensus estimate of $19.89 billion.

Morgan Stanley released its third-quarter financial results, reporting net revenue of $20.34 billion, exceeding the consensus estimate of $19.89 billion. The firm posted earnings per share of $3.03 for the quarter, while net interest income came in at $3.25 billion, beating the forecast of $2.78 billion.

3 minutes ago

Dutch central bank approves Qivalis' electronic money institution license, bringing euro stablecoin issuance a step closer.

Qivalis, an alliance backed by 37 major European banks, has secured an electronic money institution (EMI) license from De Nederlandsche Bank (DNB, the Dutch central bank), bringing it closer to issuing euro-denominated electronic money tokens (EMT), a regulated stablecoin format. The firm still needs to fulfill remaining requirements under the EU’s Markets in Crypto-Assets (MiCA) regulation, including publishing a whitepaper, and plans to distribute the tokens via banks, crypto exchanges, and payment service providers over the coming months rather than directly to consumers. Under the EU MiCA framework, EMTs must be pegged to a single fiat currency, issued by authorized credit institutions or EMIs, redeemable at par at any time, and non-interest bearing. Since its launch in September 2025, the Qivalis alliance has expanded to include 37 European banks including BBVA, BNP Paribas, ING, and DZ Bank, and has selected Fireblocks to provide digital asset infrastructure.

3 minutes ago

DigUp Overhauls Mac Search With Google’s New Model: Locate a Specific Shot in a Video Even If You Forget the Filename

Dongcha Beating AI News Flash: Finding files on Mac typically requires remembering names or keywords. If you only recall a zebra appearing in a video segment, or a podcast episode discussing sleep, traditional file search tools are of little help. Independent developer Abdur Rahim’s open-source tool DigUp solves this by enabling direct content-based file searches. Type in "zebra in video" and it will jump to the exact frame where the zebra appears; search for "segment discussing sleep" and it will pinpoint the relevant timestamp in the podcast. It can also search photos, PDFs, and even open the exact page of a specific clause in a contract. DigUp leverages Google DeepMind’s EmbeddingGemma 2 model, released on October 6. This model converts text, images, audio, and video into comparable numerical features, allowing users to find corresponding visuals or audio based on a text description. DigUp pre-indexes selected folders, and during searches, it can also precisely match details like invoice numbers and error codes. All indexing and search processes run locally on Mac, eliminating the need to upload private files to the cloud. Free and open-source, DigUp has earned over 3,000 GitHub stars in less than a week since its launch. It currently only supports Macs with Apple’s custom silicon, requiring macOS 14 or later. First-time use requires downloading an approximately 865 MB model and spending time building the index.

3 minutes ago

During the afternoon US trading session ahead of the CPI release, new positions are heavily concentrated in the storage sector, with bulls dominating.

According to TradingBeats' monitoring, at least 14 accounts (with positions exceeding $100,000) opened new U.S. stock positions in the afternoon session. Among these, 12 accounts opened long positions totaling approximately $3.2081 million, while the other 2 accounts opened short positions totaling around $725,500. The new long positions are concentrated in the storage sector. Micron Technology (MU), SanDisk (SNDK), and SK Hynix (SKHY) accounted for about $2.6695 million in new long positions, making up roughly 83.2% of the total long position volume in this round. Specifically, Micron attracted 5 accounts to open new long positions, totaling approximately $1.384 million, with a volume-weighted average price of $947.99. SanDisk saw 2 accounts opening long positions totaling around $678,200, at a weighted average price of $1,455.36. SK Hynix had 1 new long account buying about $607,300. Short positions also centered on semiconductors and storage: one account opened a new short position of roughly $379,000 in SOXL in the afternoon, then closed it entirely; another account opened short positions of approximately $181,100 in SanDisk and $165,300 in Micron respectively. The remaining new long positions are distributed across Applied Materials (AMAT), Microsoft (MSFT), Nebius (NBIS), Broadcom (AVGO), and the Korean stock leverage ETF (KORU), with total position amounts of about $118,700, $103,900, $102,600, $103,300, and $110,100 respectively. Positions in Broadcom and KORU have since been exited.

3 minutes ago

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South Korea’s 22% Crypto Tax Is Coming, and Tax Officials Are Racing the Clock

After being convicted in 2023, losing his appeal to a Second Circuit court in 2026 and awaiting a decision on a presidential pardon that may never come, former FTX CEO Sam “SBF” Bankman-Fried is hoping to take his criminal case to the US Supreme Court.

Jeffrey Fisher, counsel at the law firm Hecker Fink LLP and representing Bankman-Fried in his Supreme Court of the United States (SCOTUS) appeal, spoke to Cointelegraph about the potential timeline surrounding the former FTX executive’s case and what onlookers could expect to see should the justices choose to accept his petition for a writ of certiorari, possibly resulting in a new trial.

Bankman-Fried is pursuing the high court’s review while also seeking a pardon from President Donald Trump. According to Fisher, SCOTUS rules require SBF to file a petition for a writ of certiorari within 90 days of a decision from an appellate court, requesting that the justices consider the case.

The Supreme Court initially gave the US government until Oct. 15 to respond to SBF’s petition, but it already granted an extension to Nov. 16, which could allow the justices to decide whether to hear the case in late 2026 or early 2027. If the court grants review of his client’s case, it could issue a decision in the current term, which ends in June 2027, or during its next term, which begins a year from now.

Bankman-Fried was convicted on seven felony fraud counts related to the misuse of customer funds by FTX, the cryptocurrency exchange he founded and led, and which filed for bankruptcy in November 2022. He was sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture.

‘Assets are fine’: Why FTX’s losses and recoveries were irrelevant at trialBankman-Fried’s petition to the Supreme Court presents two main arguments for justices, should they consider the case, based on lower courts weighing “evidence indicating victims lost money” and that the $11 billion forfeiture order following his conviction violated the Eighth Amendment’s prohibition on “excessive fines.” 

“The Supreme Court has expressed concern over the years for prosecutorial overreach in criminal fraud prosecutions,” Fisher told Cointelegraph. “This kind of evidence introduced in this prosecution raises a real question about prejudice to the defendant.”

The argument presented by prosecutors at SBF’s criminal trial and reiterated by the Second Circuit ruling found it was “immaterial as a matter of law” whether the former CEO had the funds and planned to repay FTX’s victims for their losses at the crypto exchange. 

“As the district court made clear, FTX customers were defrauded as soon as Bankman-Fried transferred their money to Alameda regardless of how strongly he believed he might later return the money,” the Second Circuit said in its June 2026 decision.

According to Fisher, this theory differs from many fraud cases in which a defendant “swindled people out of money and enriched himself at their expense.” 

“Our whole point is the theory the government chose makes it irrelevant whether any customers lost money or, if so, how much,” the lawyer said.

The Supreme Court petition noted that the highest court had ruled in Kousisis v. United States in 2025 that prosecutors could “seek decades-long prison sentences anytime people are induced by misrepresentations to part with their money — even if they suffer no pecuniary harm.”

SBF’s lawyers instead argued the 2007 ruling by the First Circuit in United States v. Carpenter, in which a defendant “intended all along to ensure his customers suffered no financial losses,” was more applicable to the FTX case. The appellate court initially ruled in that case that a jury’s decision may have been based on “moral disapproval“ rather than evidence related to fraud.

Mark Bini, a former federal and state prosecutor and currently a partner at Reed Smith, told Cointelegraph he believed that the chance that the court would accept SBF’s arguments and grant a new trial “seems low,“ but the conditions around forfeiture were “really interesting“ based on the size: $11 billion. He called reliance on United States v. Carpenter instead of Kousisis v. United States an “uphill battle“ for Bankman-Fried, legally.

While many FTX users were eventually paid out for their losses at the exchange beginning in 2025, the token values were based on the price at the time of the 2022 collapse, meaning many could have missed gains in the three years between bankruptcy and repayments.

How forfeiture could affect SBF’s ‘future livelihood’Bankman-Fried’s forfeiture order could follow him long after his release from prison, potentially allowing the government to make claim on his future earnings. The former FTX CEO is expected to remain in prison until 2043.

“He has no money to pay it,” said Fisher. “Under the terms of the penalty, it is an $11 billion debt for the rest of his life, to the government. Any dime he would ever make upon release would have to be turned over to the government [...] There’s rules, maybe he gets to keep a dime.”

If the court accepts the forfeiture argument but rejects the claim that SBF had a right to present evidence related to repaying users, Bini said it’s more likely to reduce the forfeiture amount than to warrant a new trial.

“It’s a huge forfeiture amount and there is this tension because the case law is such that the government is entitled to seek both forfeiture and restitution,” said the Reed Smith lawyer, adding: “It’s a very unusual case where the defense is arguing that ‘gosh, everyone is being made whole’ [...] yet you have this tremendous forfeiture.”

Cointelegraph reached out to the Justice Department for comment on the case but did not receive a response.

Caroline Ellison now employed at a charitable organizationFormer Alameda Research CEO Caroline Ellison, one of the central figures tied to the downfall of FTX, has been working at Manifund, a charitable fundraising organization connected to the effective altruism movement, after serving time in prison as part of a plea agreement with US authorities. 

According to Manifund co-founder and CEO Austin Chen, Ellison began on a work trial at the company on July 13, about six months after she was released from federal custody. She accepted a full-time role on Aug. 10.

“I believe in redemption,” said Chen. “Caroline has admitted her faults, worked to make creditors whole, and served her time in prison. I’d like to give her the opportunity to contribute back to the world; I hope that the world will concur.”

In a rare public statement, Ellison said that she was “grateful to Austin for giving me a second chance, and judging me on my current work performance rather than my past.” 

Many of the comments on Chen’s Substack post were extremely negative, ranging from calling Ellison’s hiring an “extremely rogue move” to an action showing “truly terrible judgment.” 

“[Ellison is] a cynical opportunist who stole billions, and got a sweetheart deal because prosecutors were willing to give everything up to get Sam,” said Coin Metrics co-founder Nic Carter. “She was extremely lucky that she got such a light sentence. The utmost shame on you for attempting to rehabilitate her.”

Magazine: Could THORChain face prosecution over stolen Bitget funds? Legal opinion

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

DigUp Overhauls Mac Search With Google’s New Model: Locate a Specific Shot in a Video Even If You Forget the Filename

Dongcha Beating AI News Flash: Finding files on Mac typically requires remembering names or keywords. If you only recall a zebra appearing in a video segment, or a podcast episode discussing sleep, traditional file search tools are of little help. Independent developer Abdur Rahim’s open-source tool DigUp solves this by enabling direct content-based file searches. Type in "zebra in video" and it will jump to the exact frame where the zebra appears; search for "segment discussing sleep" and it will pinpoint the relevant timestamp in the podcast. It can also search photos, PDFs, and even open the exact page of a specific clause in a contract. DigUp leverages Google DeepMind’s EmbeddingGemma 2 model, released on October 6. This model converts text, images, audio, and video into comparable numerical features, allowing users to find corresponding visuals or audio based on a text description. DigUp pre-indexes selected folders, and during searches, it can also precisely match details like invoice numbers and error codes. All indexing and search processes run locally on Mac, eliminating the need to upload private files to the cloud. Free and open-source, DigUp has earned over 3,000 GitHub stars in less than a week since its launch. It currently only supports Macs with Apple’s custom silicon, requiring macOS 14 or later. First-time use requires downloading an approximately 865 MB model and spending time building the index.

8 minutes ago

During the afternoon US trading session ahead of the CPI release, new positions are heavily concentrated in the storage sector, with bulls dominating.

According to TradingBeats' monitoring, at least 14 accounts (with positions exceeding $100,000) opened new U.S. stock positions in the afternoon session. Among these, 12 accounts opened long positions totaling approximately $3.2081 million, while the other 2 accounts opened short positions totaling around $725,500. The new long positions are concentrated in the storage sector. Micron Technology (MU), SanDisk (SNDK), and SK Hynix (SKHY) accounted for about $2.6695 million in new long positions, making up roughly 83.2% of the total long position volume in this round. Specifically, Micron attracted 5 accounts to open new long positions, totaling approximately $1.384 million, with a volume-weighted average price of $947.99. SanDisk saw 2 accounts opening long positions totaling around $678,200, at a weighted average price of $1,455.36. SK Hynix had 1 new long account buying about $607,300. Short positions also centered on semiconductors and storage: one account opened a new short position of roughly $379,000 in SOXL in the afternoon, then closed it entirely; another account opened short positions of approximately $181,100 in SanDisk and $165,300 in Micron respectively. The remaining new long positions are distributed across Applied Materials (AMAT), Microsoft (MSFT), Nebius (NBIS), Broadcom (AVGO), and the Korean stock leverage ETF (KORU), with total position amounts of about $118,700, $103,900, $102,600, $103,300, and $110,100 respectively. Positions in Broadcom and KORU have since been exited.

8 minutes ago

Data: More than half of Bitcoin's supply remains unaccounted for, with the majority likely held in personal self-custody.

Galaxy Research Head of Research Alex Thorn noted in a recent post that despite the growth of institutional and centralized Bitcoin holdings in recent years, more than half of the cryptocurrency’s supply remains in addresses with unknown ownership. He argues that a significant portion, possibly even the majority, of Bitcoin is still held by individuals via self-custody. Per Galaxy Research’s supply attribution map, based on block height 971,382 and an unspent Bitcoin supply of roughly 20.098 million BTC, "unattributed" addresses account for 55.1% (about 11.1 million BTC). Among attributed holdings, exchanges make up 17.9%, ETFs and funds 6.0%, Patoshi (linked to Satoshi Nakamoto’s early mining patterns) 5.6%, followed by custodial institutions, miners, and corporations, among others. Top attributed holders include Coinbase, BlackRock’s IBIT, Binance, Fidelity Custody, and Strategy.

8 minutes ago

Shipping risks resurface in the Strait of Hormuz, with WTI crude oil's daily trading volume rising 16% month-on-month.

According to TradingBeats' monitoring, Houthi forces have recently carried out continuous attacks on key Saudi facilities. This morning, Saudi Aramco's headquarters complex in Dhahran was hit by a missile, triggering a limited fire in an administrative building, with no casualties reported. The complex hosts a critical operations center responsible for coordinating Saudi oil fields, pipelines, refineries, and export facilities. Meanwhile, transportation risks in the Strait of Hormuz have been escalating recently. The UK Maritime Trade Operations (UKMTO) confirmed that an oil tanker and a container ship were each struck by unidentified projectiles; the incidents remain under investigation, and market concerns over tightening crude oil supplies have intensified. Per TradingBeats' data, as of 18:00 Beijing time, WTIOIL on Hyperliquid traded at approximately $94.24, rising around 1.2% following the news release and about 3.4% higher than the same time the previous day. Its 24-hour trading volume reached roughly $136 million, with a day-over-day increase of around 16.2%.

8 minutes ago

A $15 million ETH long position exited at break-even, and a certain account fully liquidated all positions ahead of the CPI announcement.

According to TradingBeats' monitoring, a whale address starting with 0x4ff9 closed out 6,000 ETH long positions in the past hour, worth approximately $14.979 million, exiting nearly at break-even. All positions in the account have now been cleared. The long position was opened on October 9, held for nearly five days, with an average entry price of around $2,491.34 and an average exit price of roughly $2,496.51. The trade generated a gross profit of about $31,100; after deducting bilateral trading fees and funding fees, the net profit stood at only approximately $9,753.

8 minutes ago

In September, DEX spot trading volume was approximately 26% of CEX spot trading volume, while 86% of RWA perpetual contracts were traded on-chain.

According to Unfolded data, DEX spot trading volume in September reached approximately 26% of CEX trading volume, a sharp rise from around 18% a year ago. In September 2026, DEX spot trading volume hit roughly 26% of CEX volume (compared to about 18% a year prior), with a significant rebound since June. Meanwhile, 86% of RWA perpetual contracts are traded on-chain.

8 minutes ago

StonkBrokers announced Pair Tokens on October 13 at 17:37 UTC as part of a package of official Uniswap v4 hooks built with Hookr. The product turns two deposited assets into one ERC-20 representing a full-range liquidity position on Robinhood Chain.

The live Pair Tokens interface lets users mint with both underlying tokens or enter with one token through a zap. Holders can transfer or trade the resulting ERC-20, then burn it for both assets or zap out to one. The documentation says there is no lockup and no administrative path to the liquidity.

How the position works
Each Pair Token is a proportional claim on a full-range Uniswap v4 pool. StonkBrokers gives $SPY and $NVDA as an example: the two assets become $SPYNVDA, a fungible token backed by that pair’s liquidity position. Other examples shown in the interface include $ETHSPCX, $GMETSLA and $USOGLD.

Swaps through a Pair Token pool pay a 1% fee. The product compounds accumulated fees into the underlying position whenever a user deposits, zaps or redeems. Anyone can also call the compound function, according to the launch statement. Compounding carries a 10% charge on the LP fees generated, with that charge used for $STONKBROKER buybacks. Minting and redemption have no protocol fee.

The resulting token remains a standard ERC-20. A holder can send it to another address, keep it in a wallet or use it on a venue that supports the asset. StonkBrokers also says Pair Tokens can themselves be supplied as liquidity or paired with a launchpad. That structure gives other applications a fungible token to integrate instead of requiring them to manage a position NFT.

StonkBrokers contrasts the product with a Uniswap v2 LP token. A v2 receipt represents liquidity in a pool with fixed rules. Pair Tokens wrap v4 positions whose hooks can execute logic on swaps and liquidity changes. The team’s documentation lists dynamic fees, custom swap logic, automated compounding, token buybacks and incentive rules as possible pool-level functions.

The specific rules depend on how a pair was created. The documentation says factory pairs currently trade through a hookless 1% pool. Programmable rules apply to pairs launched through Hookr with the StonkFeeHook. Those rules can include a decaying snipe tax, an allowlist for adding liquidity and fee routing to Clock In, $STONKBROKER buybacks or a partner.

The interface’s comparison with Uniswap v2 makes the boundaries explicit. Both receipts are plain ERC-20 tokens. A v2 position requires both assets for entry, while a Pair Token can zap one asset in or out with price guards. A v2 pool has one fixed fee and no programmable fee routing. The Pair Token hook can tax, route or gate transactions. Launcher pairs can also use a decaying snipe tax and an LP allowlist. These controls sit in the pool hook rather than in the Pair Token contract.

What changes for liquidity providers
The main operational change is that LP fees do not wait in the reserves until the holder exits. A deposit, zap or redemption folds the fees back into the position. Each asset pair has one canonical Pair Token address, so wallets and applications can identify the same fungible receipt for later mints.

That canonical address also separates the token from the route used to acquire it. A user can mint, receive or buy the same ERC-20 and later redeem it through the Pair Token interface. Integrators can track a conventional token balance rather than a separate NFT position for each holder. The underlying exposure still consists of the two pool assets, and the full-range position remains active across the pool’s entire price curve.

One-sided zaps remove the need to arrive with both assets in the pool ratio. StonkBrokers says those zaps include price guards. On exit, a holder can redeem the pair or request one asset. This reduces the number of transactions a user must arrange outside the product, although the swap inside a zap still changes the user’s execution exposure.

The economic risk remains that of a liquidity position. As the relative prices of the two assets move, the position’s composition shifts. The product page says fees may offset that effect over time but do not guarantee it. Automatic compounding increases the token quantities behind each share; it does not guarantee a higher value in a user’s chosen unit of account.

The fee path also matters. Pool swaps charge 1%, while the compounding action takes 10% of the LP fees being reinvested. Holders therefore receive the remaining compounded fees after the stated charge. Programmable launcher pairs may route additional slices under their hook configuration, so users need to inspect the rules for the specific pair rather than treating every Pair Token as identical.

Deployment status and the next check
The product interface lists a factory at 0x282c4815F30abc1D0A8eB810c7309140d35a5B38 and displays canonical addresses for stock-token pairs. The launch announcement says Pair Tokens are available for any pair on Robinhood Chain through the StonkBrokers website.

Hookr’s official StonkBrokers hooks page adds an important qualification. It lists six official hook surfaces and says the Pair Token Hook deployment is on hold. The same page says the planned Hookr version leads with $WETHNVDA and is intended to open $WETHNVDA markets against $HOOKR and $STONKBROKER. It also says Hookr earns part of the fee taken at each compound on preset pools.

Users can access factory Pair Tokens now, but the status of the separately programmable Hookr deployment remains the open question. The next verifiable milestone is a live Pair Token Hook contract and pools on Hookr, replacing the current on-hold notice with contract addresses and executable markets.

9h05 ▪
6
min read ▪ by
Luc Jose A.

Summarize this article with:

Open interest on NEAR-related futures contracts hit a record $1.92 billion on October 12, while the token benefited from a rotation into cryptos associated with artificial intelligence. This peak reflects strong speculative activity, but not the arrival of $1.92 billion in fresh capital.

In brief

Open interest on NEAR futures contracts hit a record $1.92 billion on October 12.
The token benefits from renewed interest in cryptos related to artificial intelligence.
According to Wintermute, NEAR benefits from a capital rotation towards crypto projects associated with AI.
The development of AI agents and post-quantum technologies strengthens its positioning in this market.
The drop in open interest to $1.56 billion underscores the fragility of the movement and the risks related to leverage.

NEAR’s open interest quadruples in two months
Open interest on NEAR derivative contracts fluctuated between $300 and $450 million in July and August. It started to increase rapidly in mid-September before surpassing one billion dollars and then reaching $1.92 billion on October 12.

The price followed a similar trajectory. NEAR was worth about $1.60 in August, compared to nearly $6 at the time of the record. This represents an increase of more than 260% in a few weeks.

Open interest measures the notional value of contracts that have not yet been closed. It does not correspond to amounts actually deposited as margin nor to direct purchases of the token on the spot market.

Its increase can come from several factors: creation of new positions, increase in NEAR’s price, or increased use of leverage. In September, open interest expressed in dollars had thus increased much faster than the number of tokens represented by the contracts.

This record confirms the exceptional attention from traders, but does not reveal their direction. Each contract pits a long position against a short position. High open interest can accompany either a rise or a future liquidation cascade.

Wintermute sees a crypto capital rotation towards AI
The record occurred during a difficult week for the crypto market. Bitcoin fell by 3.2% and Ethereum by 7%, while only 11 of the 66 main altcoins ended in positive territory. Their median decline reached 3.7%.

US bitcoin ETFs recorded about $679 million in net outflows over the week. Ethereum funds lost $542 million, while $1.19 billion in crypto positions were liquidated within 24 hours around the weekly low.

In this context, Wintermute describes NEAR as the main beneficiary of a rotation towards projects related to artificial intelligence. The market maker notes that capital left some large caps and the DeFi sector to focus on this new narrative.

Its October 12 report summarizes :

Capital that exited liquid DeFi and large caps moved towards AI-related assets, with NEAR as the main winner.

Wintermute mentions two possible explanations for this outperformance: the arrival of post-quantum signatures and a short squeeze. However, the group specifies it was unable to confirm that these two elements were indeed the causes of the movement.

NEAR builds its positioning around AI agents
NEAR does not only benefit from a label added by traders. The project has been developing for several months an infrastructure dedicated to autonomous agents, confidential inference, and interactions between different blockchains.

NEAR AI has notably integrated OpenRouter into its confidential inference platform. This setup aims to allow the use of AI models without exposing certain sensitive data to providers executing the calculations.

The project is also working on tools enabling AI agents to manage accounts and perform operations across multiple networks. This direction places NEAR at the intersection of two trends sought by investors: automation through AI and abstraction of exchanges between blockchains.

The network has moreover introduced support for post-quantum signatures. This development comes at a time when several researchers question the future ability of artificial intelligence and quantum computers to weaken current cryptographic systems.

These developments provide a technological basis for the narrative. However, they do not yet demonstrate that NEAR dominates the AI application market, whose uses and revenues remain limited.

The drop in open interest signals still fragile leverage
After reaching $5.88, NEAR quickly corrected. The token now trades around $5, while open interest has dropped back to $1.56 billion.

This decline of nearly $360 million since the record indicates that positions have been closed voluntarily or liquidated. It confirms that the peak on October 12 partly relied on significant leverage.

The daily volume of futures contracts still reaches about $2.4 billion, versus nearly $440 million on the spot market. This difference shows that derivatives play a central role in the current price formation.

The zone between $4.60 and $4.30 now constitutes the main technical support. A return above $5.50 would allow the token to target $6 again.

NEAR thus benefits from a credible positioning in AI, but its record remains primarily that of derivatives contracts. The network’s ability to turn this attention into users, activity, and revenue will determine if the movement can surpass speculation.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

PancakeSwap wants to give liquidity providers a much bigger slice of the pie. A new discussion-stage proposal would send 88% of trading fees from its v3 and Infinity pools directly to the people supplying the liquidity.

The rest would flow to the protocol treasury. Meanwhile, the CAKE emissions picture is getting leaner too, with the plan framed around a roughly 69% total cut to emissions.

What the proposal actually changes
PancakeSwap’s newer pool designs, v3 and Infinity, use concentrated liquidity. That means LPs can park their capital in specific price ranges instead of spreading it thin across every possible price.

Under the plan, 88% of the fees those pools generate would go to LPs. The remaining share would be directed to the treasury rather than elsewhere in the system.

The older v2 pools are left alone. Their existing fee structure, which includes a mechanism that buys back CAKE and burns it, stays intact.

The emissions side ties back to earlier changes. Tokenomics 3.0, introduced in April 2025, reduced daily CAKE emissions by roughly 44%, from about 40,000 tokens to around 22,500. Factoring in the latest proposal, the cumulative reduction comes to roughly 69%.

It is worth stressing that this is still at the discussion stage. Nothing has been voted through yet.

The deflation scoreboard so far
As of October 2026, the protocol reports a net CAKE supply reduction of roughly 15-16%. Supply has fallen from about 392 million tokens in September 2023 to around 330 million.

The protocol has recorded 37 consecutive months of net burns since September 2023, meaning more CAKE has been destroyed than created every single month in that stretch.

Weekly data from mid-October 2026 points the same direction, with approximately 529,000 CAKE burned in a recent period against lower emissions.

The broader framework behind all this goes by the name “The Kitchen.” Tokenomics 3.0 set a target of around 4% yearly deflation, funded by buybacks drawn from protocol revenue.

On the product side, Infinity has become a serious volume engine. Its pools have logged cumulative trading volume of more than $150 billion.

On some chains, Infinity already hands LPs up to 90% of fees. Robinhood Chain is one example. So the 88% figure for v3 and Infinity is less a radical leap and more a move toward standardizing a generous split across the board.

Background: from farm token to fee machine
PancakeSwap is one of the largest decentralized exchanges operating mainly on BNB Chain. For years, the main lever protocols pulled to attract LPs was token emissions. PancakeSwap’s recent tokenomics overhauls have been an attempt to replace that subsidy with real trading fees.

What this means for LPs, CAKE holders and the treasury
For CAKE holders, cutting emissions reduces new supply hitting the market, which supports the deflationary narrative. Keeping the v2 burn intact preserves at least one direct link between trading activity and token destruction.

Sending the non-LP share of v3 and Infinity fees to the treasury, rather than into buybacks, is a choice worth watching. A treasury can fund development, partnerships, or future burns, but holders will want clarity on how those funds get used.

Lower emissions mean fewer token rewards for LPs, so the higher fee share partly compensates for that lost income. Whether the trade is a net gain for LPs depends heavily on how much volume the pools keep generating.

The key things to watch are the governance discussion itself, any changes to the 88% figure as the community weighs in, and whether a formal vote follows. After that, the real test is whether LP deposits and trading volume in v3 and Infinity pools respond to the new split.

The 37-month net burn streak is the other number to keep an eye on. With v2 still handling the burn, a meaningful shift of volume toward v3 and Infinity could change how quickly CAKE supply shrinks from here.

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

At 07:48 UTC on October 14, 2026, PancakeSwap’s Kitchen opened forum post 3031 with The Flip proposal. It would give liquidity providers 88% of swap fees on v3 and Infinity, leave 12% for the Treasury, and cut daily $CAKE emissions from 22,500 to 7,000.

The proposal is still a discussion draft. The Kitchen plans to review forum feedback before publishing a final proposal for a Snapshot vote. No fee split or emissions change has passed yet.

The design joins two decisions that PancakeSwap previously handled with separate incentives. One reallocates trading revenue from the protocol to LPs. The other removes most of the token emissions now used after veCAKE. LPs would rely more heavily on fees generated by actual swaps, while the Kitchen would retain a smaller protocol share and a new emissions budget for ecosystem spending.

The 88/12 fee split
Every v3 fee tier and Infinity pool on PancakeSwap’s 11 supported chains would move to an 88/12 split. LPs on most pools currently retain around two-thirds of the fees they generate. The proposal therefore moves roughly one-third more fee revenue to LPs at the same trading volume.

The change would apply automatically to every v3 and Infinity position. LPs would not need to claim, stake or lock anything new. Fees would continue accruing to positions through the existing process, but a larger portion would go to the LP.

PancakeSwap illustrates the split with a pool that generates $1,000 in swap fees. Under The Flip, its LPs would keep $880. The Kitchen estimates that v3 and Infinity LPs would have received about $62M more if the proposed split had applied to PancakeSwap’s 2025 volume. That estimate is a historical simulation, not a forecast of future revenue. It depends on future volume and liquidity being comparable with the period PancakeSwap used.

The redistribution also changes which part of the system pays for liquidity. Under the proposed split, the Treasury accepts a smaller portion of swap fees so positions receive more of the revenue already produced by trading. The separate emissions cut then reduces the amount of newly minted $CAKE available as an incentive. PancakeSwap describes the combined goal as funding growth through platform activity instead of new supply. This makes pool volume more important to LP compensation and leaves the Treasury with the stated 12% protocol share on v3 and Infinity.

The automatic application matters operationally. A v3 or adjustable Infinity LP would not have to exit a position, enter a new staking contract or make a separate claim to receive the new share. The proposal says fees would accrue as they do now. That removes a migration step, but it does not make every position equally profitable. The Kitchen’s $62M estimate aggregates the result across the prior year’s volume. It does not allocate that amount among fee tiers, chains or individual LP ranges.

The proposal keeps the published fee tiers unchanged for new and adjustable pools, so a trader using those pools would pay the same listed fee. PancakeSwap argues that the richer LP share could support up to 30% more liquidity because providers add capital until returns return to a competitive level. It projects that deeper pools could cut price impact by as much as 20% to 25% for the same trade. Those outcomes are estimates in the proposal, not guaranteed consequences of the fee switch.

Existing Infinity pools need separate treatment. Their LP fees were fixed when each pool was created. For those pools, lowering the protocol fee would lower the total swap fee instead of increasing the LP portion. PancakeSwap gives the example of a pool with a 1% fee falling to about 0.76%, with 0.67% going to LPs and about 0.091% going to the protocol. The proposal does not say that existing positions in those pools will be recreated with a higher LP rate.

PancakeSwap v2 would remain outside the change because its fees are hard-coded. The proposal says v2 sends 23% of swap fees to burn and remains the protocol’s main $CAKE burn engine. Keeping v2 unchanged preserves that burn route while v3 and Infinity move to the new split.

For LPs, the immediate mechanism is clear: eligible positions receive a greater share of each fee without a migration or a new lock. Actual dollar income would still depend on pool volume, capital concentration, position range and the amount of competing liquidity. The proposal supplies a protocol-wide historical estimate, not a return estimate for any position.

For traders, the direct effect differs by pool. Published fee tiers stay the same where the split can be adjusted, while qualifying legacy Infinity pools may have a lower total fee. Any reduction in price impact depends on LPs adding enough capital after the economics change. PancakeSwap also expects deeper pools to leave less room for sandwich attacks and similar MEV because those strategies profit from price impact.

Emissions move to the Pantry
The Flip would cut post-veCAKE emissions by about 69%. Daily issuance would fall from 22,500 $CAKE to 7,000 $CAKE, reducing minting by 15,500 $CAKE per day and about 5.7M $CAKE per year. The remaining daily emissions would go to a new ecosystem fund called the Pantry rather than being distributed through the current emissions program.

The Kitchen says it would deploy the Pantry flexibly for marketing, partnership deals and bootstrapping liquidity in new pools. The draft does not set fixed allocations among those uses. It also does not describe spending caps, recipient-selection rules or a separate Pantry approval process. Those omissions matter because the proposal would concentrate the remaining emissions in a fund administered by the Kitchen. The final governance text can answer whether Pantry spending will require public proposals, reporting or other controls.

The emissions cut is paired with the larger fee share on purpose. PancakeSwap’s stated model is to make trading fees the primary way it attracts liquidity instead of minting more $CAKE for that role. LP compensation would therefore become more sensitive to organic trading activity. The Pantry would preserve a smaller token budget for pools or partnerships that the Kitchen decides need direct support.

The proposal places the cut against Tokenomics 3.0, which passed in April 2025 and targeted a roughly 20% supply reduction by 2030. PancakeSwap says supply has declined 11.5% in the 18 months since that vote. Using the average net burn from the previous 10 weeks, it reports a decline of about 190,000 $CAKE per week after emissions, equivalent to about 9.9M $CAKE or 3% per year.

That burn rate is backward-looking. PancakeSwap projects that maintaining it would remove the remaining 31.6M $CAKE needed to reach the Tokenomics 3.0 target around the end of 2029. The calculation depends on v2 activity, burns and the proposed emissions level continuing at the assumed pace. The draft says v2 alone would keep supply net deflationary, but the realized path will vary with usage.

For $CAKE holders, the change would reduce new supply while creating a discretionary destination for all remaining daily emissions. That trade is different from a complete end to issuance. The Pantry would still receive 7,000 $CAKE each day, and the value of that budget would depend on how the Kitchen deploys it. Holders assessing the proposal need both sides of the mechanism: less minting overall and more centralized discretion over what is still minted.

Governance and rollout
The forum post starts the governance process rather than completing it. The Kitchen asked LPs, traders and $CAKE holders to submit feedback, then said it would review the comments before publishing the final proposal for a Snapshot vote. The Snapshot text may therefore differ from the current forum draft.

If voters approve the final version, implementation is scheduled to begin in November 2026 within two weeks of passage. PancakeSwap expects a rollout lasting about three months and finishing by the end of January 2027. The team plans to announce each chain as it goes live, so the economics may change network by network rather than at one instant.

That sequence gives operators two checkpoints. The first is the final Snapshot proposal, where the Pantry’s controls and the treatment of existing Infinity pools can be compared with the discussion draft. The second is each chain announcement, which determines when positions on that network begin using the new split. Until the vote passes and a chain goes live, LPs should not model the 88% share as active revenue.

The unresolved governance question is how much discretion the final proposal gives the Kitchen over the Pantry. The forum draft names possible uses but no allocation, reporting or approval rules. The next formal milestone is the Snapshot vote, followed, if approved, by the first chain implementation in November 2026.

Solana targets 150-millisecond finality with Alpenglow upgrade on Oct. 21

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14 October 2026 | 09:10 Solana’s Alpenglow consensus upgrade is expected to begin its mainnet rollout on October 21. It targets finality in roughly 150 milliseconds, but it will also remove validator vote transactions from blocks, meaning Solana’s total transaction and TPS charts may drop without any decline in user activity.

Key Takeaways Alpenglow consensus takes over about 5,000 slots, roughly 18 minutes, after the epoch starts. Votor targets finality of around 150 milliseconds, down from roughly 12.8 seconds under TowerBFT. Vote transactions will leave blocks, requiring transaction-count and TPS dashboards to set new baselines. October 21 starts the rollout, not the instant switch Solana Foundation’s Alpenglow documentation places the start of epoch 1064 at approximately 15:00 UTC on October 21, 2026. Because epoch timing can drift, that clock time is an estimate rather than a fixed activation moment.

The network will continue using TowerBFT for the first 5,000 slots of the epoch, or about 18 minutes. Alpenglow consensus is then scheduled to take over at slot 459,653,000.

The mainnet release covers Votor, the new voting and finality protocol. Rotor, a separate Alpenglow component designed to replace Solana’s Turbine block-propagation system, is planned for a later release and does not yet have a mainnet date.

The upgrade changes different things for different users Who is affected? What changes after Alpenglow Wallet users and ordinary app users Nothing about signing, sending or approving transactions changes. Solana’s transaction format, programs, account model and fees remain the same. Apps waiting for settlement They can use finalized confirmation with far less delay once Alpenglow is live. The old distinction between confirmed and finalized effectively disappears. Indexers, explorers and data providers They must update how they read block data, account for bank_id and re-baseline metrics that included vote transactions. Validator operators They need an Agave-based client and at least 0.8 SOL above the rent-exempt minimum in the vote account for the Validator Admission Ticket fee. This split is important. Alpenglow is designed to leave the ordinary wallet experience intact, but the infrastructure that produces, streams and interprets Solana data will change materially.

Votor replaces vote transactions with direct validator certificates Under Solana’s current TowerBFT consensus, validators cast votes as on-chain transactions. Those votes accumulate across 32 slots before a block reaches finality, creating the roughly 12.8-second wait for the strongest settlement guarantee.

Votor takes those votes out of the block itself. Validators send them directly to one another and aggregate them into certificates, allowing a block to reach finality in one or two voting rounds.

The 150-millisecond target refers to how long a transaction takes to become final. It does not mean Solana will produce a new block every 150 milliseconds. Slot times were reduced separately to 200 milliseconds in October.

For services that wait for finality before crediting a deposit, releasing goods or completing a transfer, the change could remove much of the delay created by Solana’s own consensus process. It does not remove delays imposed by exchange risk checks, bridges, payment providers or other chains.

That matters most in workflows where one party waits for a stronger settlement guarantee before completing the other side of a transaction. Solana’s delivery-versus-payment escrow tool is one example of infrastructure that could benefit from faster finality without requiring users to change how they submit transactions.

Vote removal will change Solana’s transaction data overnight The most visible change for analysts may not be finality at all. Vote transactions will no longer appear in Solana blocks under Votor. Since they have represented a large share of the transactions counted in blocks, total transaction counts and TPS figures can fall sharply after activation.

That would be an accounting change, not evidence that Solana suddenly lost users or application demand. A dashboard that continues to compare post-Alpenglow totals with pre-upgrade figures without adjusting its baseline could falsely report a collapse in network activity.

What not to conclude after October 21

“Solana transactions fell, so Solana usage fell.” First check whether the dashboard includes pre-upgrade validator votes in its historical baseline. If it does, the headline transaction count is no longer directly comparable.

Solana’s own guidance tells indexers and throughput dashboards to re-baseline their data. Tools that previously measured validator participation by parsing Vote Program instructions must also switch to the certificates carried in Alpenglow’s block footer.

Use a basket of activity measures after the upgrade No single metric can describe network demand. Once vote transactions disappear, the cleanest reading will combine several measures rather than treating total TPS as a verdict on its own.

Non-vote transactions: A direct measure of transactions generated outside validator voting. Active fee payers: A better indicator of participation breadth than raw transaction totals alone. Stablecoin transfer count and value: Useful for tracking payment and settlement activity. DEX volume and unique traders: Together, they give more context than volume alone. Fee revenue: Helpful alongside user metrics, though it can also move with fee conditions and trading intensity. That approach makes post-upgrade comparisons more honest. If total TPS falls while non-vote transactions, active fee payers and application volume remain stable, the network has changed its accounting—not necessarily its demand.

What will show whether the rollout worked? The first test is realised finality. The network needs to demonstrate that blocks reach finality close to the stated target without meaningful instability or a rise in skipped slots.

The second is operational readiness. Validators must migrate to supported Agave-based clients; Firedancer and Frankendancer are not supported during the transition. Indexers and RPC/Geyser users also need to handle the new bank_id field, because a slot can contain more than one candidate block.

The third is data continuity. Explorers, analytics platforms and media reports need to distinguish between fewer validator votes and weaker application demand before drawing conclusions from Solana’s post-upgrade transaction charts.

Alpenglow makes Solana faster, and its old TPS baseline obsolete Alpenglow’s immediate promise is much faster finality without changing how ordinary users send transactions. Its less obvious consequence is that familiar Solana activity statistics will need a reset once validator votes disappear from blocks.

After October 21, a fall in headline transaction counts should be treated as a measurement question first. Only a simultaneous decline in non-vote activity, active fee payers and application-level usage would support the conclusion that demand itself has weakened.

This article is provided for informational purposes only and does not constitute financial or investment advice. Mainnet activation timing and performance depend on network conditions and implementation readiness.

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.

Solana (SOL) has fallen 9.34% over the past seven days to approximately $107, as seven consecutive trading days of reported ETF outflows and weakening technical indicators precede the blockchain’s October 21 Alpenglow upgrade.

Summary

Solana traded near $107 after losing 9.34% over seven days, according to supplied market data.
Solana’s Alpenglow upgrade is scheduled for October 21, targeting transaction finality of 150 milliseconds.
Solana ETFs recorded $1.04 million in net outflows on October 13, according to SoSoValue figures.
Technical indicators place immediate SOL support near $105, with stronger selling risks below $100 emerging.
Crypto Patel identified $125 and $150 as potential recovery targets, conditional on bullish confirmation signals.

According to CoinGecko, SOL traded near $107 at press time, with approximately $2.86 billion in daily trading volume and a market capitalization of $63.02 billion. The decline comes as the Solana Foundation prepares to activate Alpenglow, an upgrade designed to reduce transaction finality from approximately 12.8 seconds to 150 milliseconds. 

Despite the approaching launch, SOL remains below important resistance levels around $110 and $115.

Solana price outlook weakens ahead of Alpenglow upgrade
Solana has struggled to maintain its recovery after retreating from late-September highs near $123. The cryptocurrency previously rebounded from August lows around $75, but the latest decline has weakened its short-term price structure.

During the October 14 trading session, SOL hovered around $107.06 after opening near $106.72. Its daily chart recorded an intraday high of $108.20 and a low of $106.68, placing the cryptocurrency close to immediate support between $104 and $105.

Solana remains below its 20-day simple moving average of $115.83. The Bollinger Bands place the upper boundary at $127.20 and the lower boundary at $104.45, with SOL trading closer to the lower end of the range.

A sustained decline below $104.45 could expose the psychological $100 support level. If selling continues below that threshold, the analysis identifies $95–$98 as the next possible support area.

Solana (SOL) price chart, source: TradingView
For a recovery, SOL would need to reclaim $110 before approaching stronger resistance near $115.83. Moving above the 20-day average would improve the short-term technical structure, while $120–$123 remains another resistance zone.

The Relative Strength Index stood at 41.58, below its moving average of 52.41. The indicator’s position below 50 suggested that selling pressure remained stronger than buying momentum, although SOL had not reached the conventional oversold level of 30.

Analyst Crypto Patel identified a similar downside risk on the eight-hour chart. He said SOL had broken below its local price structure and remained under resistance around $112.39.

His analysis placed a potential buying zone between $103 and $96, with particular attention on $95.63–$101.27. The analyst suggested that a decline into this region could precede another recovery if SOL establishes a higher low and confirms a bullish reversal.

Patel identified $125 and $150 as possible upside targets after such confirmation. However, he warned that sustained trading below $95.63 would invalidate his proposed bullish setup.

WILL $SOL SWEEP $100 BEFORE RALLYING TOWARD $150?#SOL has broken down from its local structure and remains under pressure below the $112.39 resistance level on the 8H timeframe.

Key Demand Zone: $103–$96
Resistance: $113
Bullish Targets: $125 → $150

My focus is on a… pic.twitter.com/0vIKBh8e8w

— Crypto Patel (@CryptoPatel) October 13, 2026

Solana Alpenglow upgrade scheduled for October 21
While SOL faces selling pressure, the network is preparing for one of its largest technical changes since its launch.

The Solana Foundation confirmed that Alpenglow is scheduled to activate during epoch 1064, beginning around 15:00 UTC on October 21. The upgrade will replace TowerBFT, the consensus mechanism Solana has used since 2020. Its new voting system, Votor, targets transaction finality of approximately 150 milliseconds, compared with the current 12.8 seconds.

Transaction finality refers to the point at which a blockchain transaction can no longer be reversed under the network’s consensus rules. Although Solana transactions can appear successful almost immediately, applications currently wait longer for stronger confirmation that settlement is complete.

Alpenglow is designed to reduce that waiting period by changing how validators reach agreement. Instead of submitting voting transactions to the blockchain, validators will exchange votes directly and combine sufficient approvals into certificates that finalize blocks.

According to the Foundation, the upgrade will not change how ordinary transactions execute. Wallets and decentralized applications are expected to continue operating through the transition.

The activation process includes a temporary period during which Solana will continue using TowerBFT for the first 5,000 slots of epoch 1064. Alpenglow will then take over approximately 18 minutes after the epoch begins.

Validator operators must prepare before the activation by using software built on Agave 4.3.0. The Foundation said Firedancer and Frankendancer will not support the initial migration, requiring operators using those clients to switch temporarily.

Another operational change concerns validator expenses. Existing voting transaction costs of approximately 1 SOL per epoch will be replaced with a 0.8 SOL Validator Admission Ticket fee, paid from each validator’s vote account.

The upgrade could change how Solana’s network statistics appear. Because voting transactions will no longer be recorded inside blocks, reported transaction counts may decline even if ordinary user activity remains unchanged.

Earlier Solana Alpenglow development and testing established the network’s October target after developers completed preparatory work through Agave 4.2.

The Foundation has confirmed the activation date, although its 150-millisecond finality target remains dependent on actual network performance following the upgrade.

Solana ETFs record seven consecutive days of outflows
Institutional investment data has provided another source of concern ahead of Alpenglow.

According to the supplied SoSoValue data, U.S. spot Solana ETFs recorded approximately $1.04 million in net outflows on October 13. The latest negative session extended a reported streak of seven consecutive trading days of withdrawals.

Solana (SOL) spot ETF net inflow, source: SoSoValue
The October 13 figures placed cumulative net inflows at approximately $1.58 billion, while total net assets stood near $1.71 billion. Trading volume across the tracked products reached $64.26 million during the session.

The daily net outflow means investors withdrew more capital from the funds than they invested during the reporting period. The figure does not establish that every individual fund experienced withdrawals.

Despite the recent negative flows, cumulative inflows remained positive, indicating that the products had attracted more capital than they had lost since their respective launches.

The reported seven-day streak occurred as SOL declined over the previous week, although the available information does not establish whether ETF redemptions caused the price weakness.

With Alpenglow scheduled for October 21, subsequent ETF flow reports will provide further data on institutional demand before the network activates its new consensus system.

Can Solana recover to $150 after the upgrade?
The technical outlook remains divided between weakening daily indicators and analysts monitoring a possible recovery from lower support.

Crypto analyst Sweep reported a bullish divergence on SOL’s chart, suggesting that selling momentum could be weakening despite the recent price decline.

The analyst compared the formation with an earlier divergence that preceded a 30% price rally. However, the comparison does not establish that Solana will repeat the previous performance.

The supplied daily indicators continued to favor caution. SOL remained below its 20-day moving average, while the RSI at 41.58 suggested that buying pressure had not recovered sufficiently to reverse the prevailing short-term weakness.

Patel’s outlook identified $113 as immediate resistance, followed by possible recovery targets at $125 and $150. His bullish scenario requires a confirmed improvement in market structure after a potential decline into the $96–$103 demand region.

A move above $110 would provide an initial indication of improving momentum, while reclaiming $115.83 would place SOL back above its 20-day moving average. Failure to maintain $104–$105 support would leave $100 exposed.

The Solana Foundation’s October 21 activation schedule identifies epoch 1064 as the starting point for Alpenglow. Validators must complete their software migration before that epoch begins and maintain at least 0.8 SOL above the rent-exempt minimum in their vote accounts.

The Foundation has provided a network verification method through the getAgGenesisCert RPC command, which returns the Alpenglow genesis certificate once migration is complete. Before activation, the command returns null, indicating that the network continues operating under TowerBFT.

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

DigUp Overhauls Mac Search With Google’s New Model: Locate a Specific Shot in a Video Even If You Forget the Filename

Dongcha Beating AI News Flash: Finding files on Mac typically requires remembering names or keywords. If you only recall a zebra appearing in a video segment, or a podcast episode discussing sleep, traditional file search tools are of little help. Independent developer Abdur Rahim’s open-source tool DigUp solves this by enabling direct content-based file searches. Type in "zebra in video" and it will jump to the exact frame where the zebra appears; search for "segment discussing sleep" and it will pinpoint the relevant timestamp in the podcast. It can also search photos, PDFs, and even open the exact page of a specific clause in a contract.
DigUp leverages Google DeepMind’s EmbeddingGemma 2 model, released on October 6. This model converts text, images, audio, and video into comparable numerical features, allowing users to find corresponding visuals or audio based on a text description. DigUp pre-indexes selected folders, and during searches, it can also precisely match details like invoice numbers and error codes. All indexing and search processes run locally on Mac, eliminating the need to upload private files to the cloud.
Free and open-source, DigUp has earned over 3,000 GitHub stars in less than a week since its launch. It currently only supports Macs with Apple’s custom silicon, requiring macOS 14 or later. First-time use requires downloading an approximately 865 MB model and spending time building the index.

3 minutes ago

During the afternoon US trading session ahead of the CPI release, new positions are heavily concentrated in the storage sector, with bulls dominating.

According to TradingBeats' monitoring, at least 14 accounts (with positions exceeding $100,000) opened new U.S. stock positions in the afternoon session. Among these, 12 accounts opened long positions totaling approximately $3.2081 million, while the other 2 accounts opened short positions totaling around $725,500. The new long positions are concentrated in the storage sector. Micron Technology (MU), SanDisk (SNDK), and SK Hynix (SKHY) accounted for about $2.6695 million in new long positions, making up roughly 83.2% of the total long position volume in this round. Specifically, Micron attracted 5 accounts to open new long positions, totaling approximately $1.384 million, with a volume-weighted average price of $947.99. SanDisk saw 2 accounts opening long positions totaling around $678,200, at a weighted average price of $1,455.36. SK Hynix had 1 new long account buying about $607,300. Short positions also centered on semiconductors and storage: one account opened a new short position of roughly $379,000 in SOXL in the afternoon, then closed it entirely; another account opened short positions of approximately $181,100 in SanDisk and $165,300 in Micron respectively. The remaining new long positions are distributed across Applied Materials (AMAT), Microsoft (MSFT), Nebius (NBIS), Broadcom (AVGO), and the Korean stock leverage ETF (KORU), with total position amounts of about $118,700, $103,900, $102,600, $103,300, and $110,100 respectively. Positions in Broadcom and KORU have since been exited.

3 minutes ago

Data: More than half of Bitcoin's supply remains unaccounted for, with the majority likely held in personal self-custody.

Galaxy Research Head of Research Alex Thorn noted in a recent post that despite the growth of institutional and centralized Bitcoin holdings in recent years, more than half of the cryptocurrency’s supply remains in addresses with unknown ownership. He argues that a significant portion, possibly even the majority, of Bitcoin is still held by individuals via self-custody.
Per Galaxy Research’s supply attribution map, based on block height 971,382 and an unspent Bitcoin supply of roughly 20.098 million BTC, "unattributed" addresses account for 55.1% (about 11.1 million BTC). Among attributed holdings, exchanges make up 17.9%, ETFs and funds 6.0%, Patoshi (linked to Satoshi Nakamoto’s early mining patterns) 5.6%, followed by custodial institutions, miners, and corporations, among others. Top attributed holders include Coinbase, BlackRock’s IBIT, Binance, Fidelity Custody, and Strategy.

3 minutes ago

Shipping risks resurface in the Strait of Hormuz, with WTI crude oil's daily trading volume rising 16% month-on-month.

According to TradingBeats' monitoring, Houthi forces have recently carried out continuous attacks on key Saudi facilities. This morning, Saudi Aramco's headquarters complex in Dhahran was hit by a missile, triggering a limited fire in an administrative building, with no casualties reported. The complex hosts a critical operations center responsible for coordinating Saudi oil fields, pipelines, refineries, and export facilities.
Meanwhile, transportation risks in the Strait of Hormuz have been escalating recently. The UK Maritime Trade Operations (UKMTO) confirmed that an oil tanker and a container ship were each struck by unidentified projectiles; the incidents remain under investigation, and market concerns over tightening crude oil supplies have intensified.
Per TradingBeats' data, as of 18:00 Beijing time, WTIOIL on Hyperliquid traded at approximately $94.24, rising around 1.2% following the news release and about 3.4% higher than the same time the previous day. Its 24-hour trading volume reached roughly $136 million, with a day-over-day increase of around 16.2%.

3 minutes ago

A $15 million ETH long position exited at break-even, and a certain account fully liquidated all positions ahead of the CPI announcement.

According to TradingBeats' monitoring, a whale address starting with 0x4ff9 closed out 6,000 ETH long positions in the past hour, worth approximately $14.979 million, exiting nearly at break-even. All positions in the account have now been cleared. The long position was opened on October 9, held for nearly five days, with an average entry price of around $2,491.34 and an average exit price of roughly $2,496.51. The trade generated a gross profit of about $31,100; after deducting bilateral trading fees and funding fees, the net profit stood at only approximately $9,753.

3 minutes ago

In September, DEX spot trading volume was approximately 26% of CEX spot trading volume, while 86% of RWA perpetual contracts were traded on-chain.

According to Unfolded data, DEX spot trading volume in September reached approximately 26% of CEX trading volume, a sharp rise from around 18% a year ago. In September 2026, DEX spot trading volume hit roughly 26% of CEX volume (compared to about 18% a year prior), with a significant rebound since June. Meanwhile, 86% of RWA perpetual contracts are traded on-chain.

3 minutes ago

The Solana developer says the move off TowerBFT will take place in a single slot and bring finality down to about 150 milliseconds, after Alpenglow ran on testnet and devnet last month.

Anza sets Oct. 21 for Solana's switch to Alpenglow

Posted October 14, 2026 at 6:32 am ET.

Alpenglow, the consensus protocol built to replace Solana’s TowerBFT, will switch on for mainnet-beta on Wednesday, Oct. 21, Solana software developer Anza said on X on Tuesday. Anza put the go-live at about 14:50 UTC.

“18 months of work for a migration that happens in one slot,” the company wrote, adding that finality would fall “from seconds to ~150ms.”

The mainnet date comes after Alpenglow took over consensus on Solana’s testnet on Sept. 24 and on devnet a day later. Anza’s Alpenglow page says the team picked the mainnet date only after a period of watching those earlier networks, and that operators rehearsed the migration numerous times over the last five months.

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How the Handoff Works
According to Anza’s page, the process begins when a feature gate, SIMD-0384, turns on at an epoch boundary. That starts a 5,000-slot countdown during which blocks hold nothing but validator votes, so they can be rolled back without losing any user transactions. When the countdown ends, validators certify an Alpenglow genesis block backed by 82% of stake, pass consensus to the new voting component, Votor, and resume processing user transactions. Anza expects that step to take hundreds of milliseconds, after which TowerBFT is retired.

Under Alpenglow, validator votes move off the chain as BLS-signed messages that are combined into a single certificate, which Anza says frees up block space. The page says the network can keep running with up to 40% of stake offline or misbehaving, split evenly between the two, compared with TowerBFT’s tolerance of under 33% adversarial stake.

Anza’s page lists a bug bounty of more than 25,000 SOL, work from 115 security researchers, a simulation across 1,500 nodes and nine at-scale migrations as part of the testing.

The Road to Mainnet
Solana validators approved Alpenglow in September 2025, with more than 98% voting in favor. In May, Anza opened it to a community test cluster, and Solana co-founder Anatoly Yakovenko said at the time that mainnet activation could come the following quarter if testing went smoothly. TowerBFT finality runs about 12.8 seconds.

Anza’s page names Rotor, a replacement for the tree that Solana uses to spread block data across the network, along with faster handoffs between block leaders, as later work.

Related Listen: Can Solana Edge Out Ethereum to Win the AI Agent & RWA Race?

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

A $15 million ETH long position exited at break-even, and a certain account fully liquidated all positions ahead of the CPI announcement.

According to TradingBeats' monitoring, a whale address starting with 0x4ff9 closed out 6,000 ETH long positions in the past hour, worth approximately $14.979 million, exiting nearly at break-even. All positions in the account have now been cleared. The long position was opened on October 9, held for nearly five days, with an average entry price of around $2,491.34 and an average exit price of roughly $2,496.51. The trade generated a gross profit of about $31,100; after deducting bilateral trading fees and funding fees, the net profit stood at only approximately $9,753.

4 minutes ago

In September, DEX spot trading volume was approximately 26% of CEX spot trading volume, while 86% of RWA perpetual contracts were traded on-chain.

According to Unfolded data, DEX spot trading volume in September reached approximately 26% of CEX trading volume, a sharp rise from around 18% a year ago. In September 2026, DEX spot trading volume hit roughly 26% of CEX volume (compared to about 18% a year prior), with a significant rebound since June. Meanwhile, 86% of RWA perpetual contracts are traded on-chain.

4 minutes ago

Alpha dropped 3% following its launch, while DRV has fallen more than 23% from its October 10 all-time high.

According to market data, Derive’s native token DRV, an on-chain options protocol, has dropped over 3% cumulatively since the announcement of its listing on Binance Alpha. It is down more than 23% from its October 10 all-time high of $0.5631, trading at $0.429 as of press time, with a market capitalization of $85.71 million and a 24-hour trading volume of $3.7 million. BlockBeats previously reported that at the DAS conference hosted by Blockworks, Hyperliquid founder Jeff explicitly stated, “Options are an opportunity worth further development in the on-chain trading space.” He added that options hold a significant position in traditional finance, but on-chain products have not yet reached “escape velocity,” so developers can build products around this market to make it easier for traders to hedge against spot and perpetual contracts. Separately, news from October 8 noted that Citrini Research—the institution behind the “AI Doom Report”—disclosed in a recent article that DRV is one of the largest holdings in its crypto portfolio, making up 10% of the total.

4 minutes ago

US crypto-related concept stocks turned lower in pre-market trading.

According to market data from BIT (bit.com), Bitcoin briefly broke through $84,000 before pulling back, currently trading at $83,145. US-listed crypto-related stocks reversed from rising to falling in pre-market trading, with declines as follows: SBET down 0.48%, BMNR down 1.23%, CRCL down 1.25%, MSTR down 0.28%, COIN down 0.72%, and ASST down 0.72%.

4 minutes ago

Bitget has launched pre-IPO perpetual contracts for JIO (Jio Platforms).

Bitget has now launched Jio Platforms (JIO) IPO pre-market perpetual contracts, providing global users with a channel to access potential pre-IPO returns and capture early market opportunities. The contracts are settled in USDT, support up to 20x leverage, and offer 24/7 trading. Jio Platforms is a digital technology and telecom platform under India’s Reliance Industries. Established in Mumbai in 2019, it operates India’s largest telecom network via its subsidiary Reliance Jio Infocomm, delivering digital services including 5G, broadband, cloud computing, and AI. As of March 2026, it boasts over 524 million users. The company plans to conduct a dual listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

4 minutes ago

More than 150,000 users have opened AI trading accounts on Robinhood, with the firm’s CEO envisioning integrating retail investors’ strategies into the exchange’s trading systems.

Beating AI News: Robinhood allowed users to access third-party AI Agents for trading via MCP in May this year, and in late September announced it would integrate Agents directly into its app. At that time, over 150,000 customers had opened dedicated trading accounts.
In a recent interview, CEO Vlad Tenev predicted that a large share of retail trading will be initiated by AI in the future. Agents can monitor markets around the clock and execute trades for assets including stocks, options, and cryptocurrencies, though most funds will likely remain held long-term.
Tenev also put forward a bolder vision: enabling retail investors to deploy their trading strategies on servers located near exchanges. Wall Street high-frequency trading firms have long placed servers close to exchange matching systems to cut order latency. He hopes ordinary investors can leverage this infrastructure without needing to understand data centers or network engineering. However, Robinhood has not yet rolled out this service, nor has it disclosed a launch timeline.
On the capital AI can access, Robinhood currently restricts this via separate accounts. Agents can view information from users’ other accounts, but can only place orders within the dedicated account, with funds requiring manual transfer by users. Tenev admitted that technically, direct access to main accounts is not difficult, but the company is opting to gradually expand permissions. Built-in Agents default to requiring users to approve each trade individually (a setting that can be turned off), while external Agents accessed via MCP do not default to individual approvals, so users must enable this feature themselves.

4 minutes ago

币安将支持IoTeX（IOTX）网络升级及硬分叉

Cryptocurrency exchange Binance has announced it will support the upgrade and hard fork on its IoTeX (IOTX) network. To protect user experience during the upgrade process, the exchange will temporarily suspend token deposits and withdrawals via the IoTeX network.

According to a statement released by Binance, deposit and withdrawal operations for tokens on the IoTeX network will be suspended on October 19, 2026, at approximately 01:00 UTC. The network upgrade and hard fork are planned to take place on the same day at approximately 02:00 UTC.

The upgrade will take place at block height 53,533,081 on the IoTeX blockchain network. It is noted that the stated times are estimates and the timing of the process may vary depending on the block production process on the network.

Binance emphasized that trading of the relevant tokens on the platform will not be affected during the network upgrade. Accordingly, users will be able to continue trading the relevant crypto assets through Binance, although deposit and withdrawal services will be temporarily suspended.

The exchange also announced that it will manage all necessary technical operations related to the upgrade and hard fork on behalf of users. Therefore, users will not need to perform any additional technical operations to participate in the network upgrade.

Upgrades and hard forks performed on blockchain networks can enable changes to the network protocol and updates to the technical infrastructure.

Binance will wait to ensure the IoTeX network is stable after the upgrade is complete. Deposits and withdrawals will be restored once the network is deemed stable.

*This is not investment advice.

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Render Network and Solana are set to highlight decentralized rendering technology at an immersive digital art exhibition in London during Breakpoint 2026. The event, called BEYOND THE FRAME, is scheduled for November 16 and will feature 15 artists displaying original 3D works powered by the Render Network. This initiative comes as market participants watch RENDER’s price rebound from recent lows.

Immersive Digital Art Event Scheduled for Breakpoint 2026BEYOND THE FRAME will take place at FRAMELESS London, coinciding with Solana’s Breakpoint 2026 conference. Organizers plan for the event to run from 7:30 PM to 10 PM, inviting participants to experience 3D art specifically created for the venue’s immersive rooms.

All artwork will be rendered using the decentralized GPU infrastructure of the Render Network, which connects artists and creators with distributed computing resources. Attendance at the event is complimentary, though capacity is limited due to venue constraints.

The collaboration between Solana, a high-throughput blockchain designed for decentralized applications, and Render Network marks a notable merger of creative and technical communities, bringing additional attention to both ecosystems.

Render Network says the show aims to reveal how its distributed computing platform can deliver visually striking experiences in real time. However, the announcement does not mention any direct uptick in network revenue or user count as a result of this event, leaving the broader impact on adoption yet to be determined.

Decentralized Rendering Expands RENDER’s Use CaseRender Network is a decentralized protocol that allows creators to access global GPU computing power for graphics-intensive workloads. The platform’s model enables 3D rendering, animation, and visual effects to be processed outside of traditional centralized data centers.

By supporting exhibitions like BEYOND THE FRAME, Render Network highlights its practical use cases beyond cryptocurrency speculation. The event is expected to attract digital creators and stakeholders from both the art and blockchain sectors, although its long-term effects will depend on follow-up demand for decentralized rendering solutions.

Key indicators for the platform include overall network usage, the amount of rendering completed, and aggregate demand for GPU resources. While the upcoming exhibition serves as a public demonstration of the technology, no guarantees on sustained ecosystem growth can be drawn from a single event.

Mini dictionary: Render Network, a decentralized GPU computing platform, lets users tap into a distributed network of providers for rendering tasks such as 3D graphics, visual effects, and augmented reality, reducing reliance on centralized infrastructure and increasing accessibility for creators.

Analyst Sees Key Technical Levels for RENDERRENDER recently fell to an intraday low of $1.76 before recovering to the $2 range. Technical analysis by Bitcoin Meraklisi, a crypto analyst, points to $2.43 as the immediate resistance level. If RENDER can surpass this price, the recovery could accelerate.

Additional price targets identified are $4.16, $6.56, and $11.58, with each level contingent on sustained buying pressure and positive market conditions. Regarding vulnerabilities, a decline below $1.76 would threaten the current bullish structure, making it a crucial support to monitor.

Bitcoin Meraklisi considers the recent uptrend as a possible end to RENDER’s accumulation phase and expects a stronger breakout if the coin surpasses technical resistance. The possibility of testing higher levels depends not only on chart dynamics but also on broader crypto sentiment and network activity.

Traders are closely watching the $2.43 resistance, while an increase in rendering activity across the ecosystem would provide additional market support.

As of now, achieving the outlined technical goals will require further positive momentum, both on the price chart and through adoption of the Render Network’s core technology.

Price LevelSignificance$1.76Key support (recent low)$2.43Immediate resistance$4.16Next upside target$6.56Intermediate bullish target$11.58Major long-term goalThe BEYOND THE FRAME exhibition provides a platform for Render Network to demonstrate practical benefits, while traders continue to evaluate technical price action and project milestones for signs of continued strength.

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance Exchange will open trading and enable Spot Algo Trading Bots and Rebalancing Bots services for the bStocks Blackberry (BBB), Mongodb Inc (MDBB), Penguin Solutions Inc (PENGB) and ProShares Ultra VIX Short-Term Futures ETF (UVXYB) trading pairs according to the following schedule: Trading pairs: BBB/USDT, MDBB/USDT, PENGB/USDT and UVXYB/USDT at 2026-10-14 12:00 (UTC) Spot Algo Trading Bots: Aligned with Spot Listing TimeRebalancing Bots: Will be enabled within 24 hours of it being listed on Spot In addition, users will be able to start trading bStocks against BTC, USDT, and any other tokens on Binance Convert at zero fees within one hour of bStocks being listed on Binance Spot. Furthermore, users will enjoy zero maker fees for the aforementioned bStocks tradingpairs according to the following schedule: BBB/USDT, MDBB/USDT, PENGB/USDT and UVXYB/USDTPromotion Period: Listing time* to 2026-10-31 23:59 (UTC) bStocks Tokenized Securities Details: Users can start tokenizing their direct stock holdings into bStocks now, in preparation for trading. Conversion is 1:1 between each underlying stock and its bStocks, with zero conversion fees.Smart contracts (BNB Smart Chain):BBB: 0xCBB733B3DCcBB983e49bAac52AbE7BC3a8E85a4fMDBB: 0x2E4127E92EbC1b7909267A820c9cb508373E5A5cPENGB: 0x7F732F9D2F2eA3E7E223C2e737e5257007F90E01UVXYB: 0x63bA610118FfF2d6b6052cB681dcfAb78ceA1AA9 Withdrawals for BBB, MDBB, PENGB and UVXYB will open at 2026-10-14 13:00 (UTC). Start Trading on Binance Spot Now! Notes: bStocks are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. bStocks have not been registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and a public offering of bStocks will not be conducted in the United States or any other jurisdiction (other than the ADGM).There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-10-14 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Disclaimer: bStocks tokenized securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading tokenized securities is lawful in your jurisdiction before proceeding. Accessing this product from a jurisdiction in which it is prohibited or restricted does not create any liability or obligation on the part of Binance. We may restrict, suspend, reject, cancel, or unwind access or transactions if we determine, in our sole discretion, that your access or transaction may breach applicable law, product restrictions, eligibility criteria, sanctions requirements, or the relevant offering documents. Tokenized securities may be held and transferred on-chain outside the CSD environment. The transfer of tokenized securities back into the CSD environment is subject to conditions and you may be unable to trade, redeem or otherwise deal with the tokenized securities within the CSD environment if such conditions are not fulfilled. No information displayed in connection with tokenized securities is intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Tokenized securities are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. The tokenized securities have not been and will not be registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and a public offering of bStocks will not be conducted in the United States or any other jurisdiction (other than the ADGM). By accessing this product, you represent and warrant that you are not a U.S. person, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not access, purchase, sell, transfer, redeem, or otherwise transact in tokenized securities from within the United States. For more information, see the Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus (if applicable to you and understanding that the offer is only made in ADGM, no public offer is being made elsewhere and viewing the prospectus does not constitute an invitation or solicitation outside ADGM), bStocks Minting and Redemption Product Terms, Admission to Trading Notice and Risk Warning.

6 hours ago

According to TradingBeats monitoring, wallet address 0x6936…9417 opened a long position in GOOGL following the announcement of Gemini 4 Argon’s launch. As of now, the address holds 2,000 contracts, with the position valued at roughly $710,000 and an average entry price of approximately $355.09. The position uses 20x isolated leverage, with a liquidation price of around $344.45. Google announced on Tuesday that Gemini 4 Argon is now available globally to Google AI Pro and Ultra subscribers, developers, and enterprises. Prior to this, the model was first rolled out on September 30 to cybersecurity partners in the Fairwind program.

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Despite a 30-day gain of 64%, the token still sits roughly 68% below its price from a year ago and 97% below its all-time high.

OP, the native token of Optimism, climbed nearly 20% at one point in the last 24 hours after Uniswap announced that Unichain will hand its production operations to OP Enterprise.

The rally came as Bitcoin and several major altcoins faced renewed selling pressure, giving OP a rare boost.

Unichain Handover Sends OP Higher CoinGecko reported in a post on October 14 a 19.4% daily gain for OP that took it to $0.1621, linking the move to Uniswap’s announcement that Unichain would transition to OP Enterprise.

However, at the time of writing, it had given up some of those gains and was trading at around $0.156, still a 14% jump in 24 hours and 28% in seven days. It also gained 64% in 30 days but remains down nearly 68% from a year ago.

Trading activity also rose alongside the price. OP recorded around $226 million in 24-hour volume, a 128% increase from the previous day. The last time the token went higher than it did today was in mid-May when it touched $0.166.

Uniswap’s October 9 announcement explained that Unichain’s testnet migration was scheduled for October 13, with mainnet migration set for October 29. The transition leaves Unichain’s chain ID, contracts, balances, and existing Uniswap v2, v3, and v4 deployments unchanged.

Under the arrangement, Optimism will operate the production infrastructure, including sequencers, remote procedure call services, monitoring, and incident response across mainnet and testnet. Unichain users are not expected to face changes to their existing experience.

You may also like: Hayden Adams Claims SBF Bought Uniswap.com to ‘Flex’ on the Company Uniswap Buys PONS Stake, Token Jumps 40% to New All-Time High UNI Jumps 16% as Robinhood Chain DEX Volume Hits $1.3B The handover also prepares Unichain for native interoperability across the OP Stack. Once that functionality goes live, users will be able to transfer assets, starting with ETH, between Unichain and other OP Stack networks without relying on a bridge.

OP Rallies as Wider Market Struggles The price move stands out against the conditions reported by CryptoPotato yesterday. Several major altcoins lost ground, with NEAR falling roughly 10%, Zcash dropping more than 6%, and both Cardano and Hyperliquid shedding around 5%. Ethereum also briefly dipped to $2,400 before recovering above $2,500.

Zcash seems to have turned things around, recouping more than 4% in the last 24 hours to go above $1,250, while NEAR dumped another 4% and was hovering just above $5 at the time of writing.

Meanwhile, Bitcoin had fallen as low as $80,850 before rebounding toward $84,000, while daily liquidations across crypto markets exceeded $800 million.

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Gulf Labs, part of Thailand's GULF Group, is now live as an institutional validator on Injective ($INJ), with plans to explore tokenized assets, stablecoins and AI infrastructure.

Gulf Labs, part of Thailand's GULF Group, is now live as an institutional validator on Injective (@injective), adding a large Thai conglomerate to the network's validator set. The collaboration also covers tokenized assets, stablecoins and local infrastructure access.

What Gulf Labs will do on InjectiveAccording to the official press release, Gulf Labs is the blockchain and digital-asset investment venture of GULF Holding. It will operate an institutional-grade Injective validator, help secure the network and take part in protocol governance.

Crypto Briefing reported that Gulf Labs went live on October 6 and has bonded approximately 500,000 $INJ to support security and governance. Validators on proof-of-stake networks like Injective confirm transactions and vote on how the chain evolves.

Beyond running a node, both parties plan to study tokenization, stablecoin initiatives and enterprise adoption with Thai institutions. The collaboration also includes access to cloud and AI compute through Gulf Edge, which will evaluate data-center capacity, cloud services and AI compute for developers and institutions considering deployments in Thailand.

TokenPost noted that no financial terms, tokenized-product details, transaction values or launch timelines were disclosed, so the scope of any products remains open.

GULF Group's reach and Binance TH's roleGULF Group has a market capitalization of roughly $27 billion, according to the press release, with businesses across energy, telecommunications, digital assets, cloud and data centers. TokenPost cited more than 24 gigawatts of installed energy capacity and telecom operations serving over 46 million mobile subscribers.

Binance (@binance) TH will contribute to outreach and education through its academy, roadshows and universities. Per the press release, Binance TH is operated by Gulf Binance, a joint venture between Gulf Edge and an affiliate of Binance. It provides digital-asset exchange and brokerage services under licenses issued by Thailand's Ministry of Finance and supervision by the Thai Securities and Exchange Commission.

The deal adds to Injective's growing list of enterprise activity. In July, POSCO International and LG CNS selected Injective for a live trade receivables tokenization pilot. The companies said the proof of concept would issue, transfer, administer and settle accounts receivable from POSCO International's existing trade flows. POSCO International said it plans to finalize a pilot operation framework in the second half of this year.

For Injective, the Thai validator extends its institutional footprint in Asia, though the practical impact will depend on whether the planned tokenization and stablecoin work moves beyond the exploratory stage.

Sources

GlobeNewswire: Gulf Labs goes live as an Injective validatorCrypto Briefing: Injective adds Gulf Labs as institutional validatorTokenPost: Gulf Labs begins institutional validator role on Injective

Story Protocol, now DATA Network, is leaving its own chain behind. Its tokens will move to @SuiNetwork one-to-one, backed by a $30M investment from the Sui Foundation. Read more: ⬇️

US optical module and storage stocks fall in pre-market trading.

According to Bybit market data, US-listed optical module and storage stocks were trading lower in pre-market hours, with the following movements: COHR down 0.27%, LITE down 0.66%, AAOI up 0.22%, NOK up 1.52%, MRVL down 0.31%, STX (Seagate) down 1.47%, WDC (Western Digital) down 1.24%, SNDK (SanDisk) down 2.16%, and MU (Micron) down 0.63%.

4 minutes ago

DeFi yield protocol infiniFi unveils INFI token economic model, with 45% allocated to the ecosystem.

According to official announcements, DeFi yield protocol infiniFi has unveiled the token economics model for its native INFI token, with the Token Generation Event (TGE) on the horizon. INFI’s total token allocation breaks down as follows: 45% for the ecosystem, 20% for the team, 20% for investors, and 15% for the foundation. infiniFi stated that its upcoming community airdrop will be allocated from the ecosystem pool. More use cases for INFI will be announced ahead of the TGE, while additional details on the token economics model, allocation mechanisms, and the airdrop are set to be disclosed in the near future.

4 minutes ago

US crypto-related stocks rose slightly in pre-market trading.

According to Bybit market data, as Bitcoin rebounded to briefly top $84,000, US-listed crypto-related stocks posted modest pre-market gains, with SBET rising 0.83%, BMNR up 0.64%, GEMI up 0.49%, CRCL up 0.64%, MSTR up 1.49%, COIN up 0.57%, and ASST up 0.94%.

4 minutes ago

Liquid AI upgrades its 24B-parameter local model: only 2B parameters are activated, and it outperforms the larger Qwen model in agent tests.

Beating AI Express: Leading edge-side AI R&D firm Liquid AI has launched LFM2.5-24B-A2B, a model focused on enhancing local agent inference and tool calling capabilities. The previous LFM2-24B-A2B generation prioritized operational efficiency; the new version retains a total of 24 billion parameters with only around 2 billion activated per run, while its pre-training data has grown from 17 trillion to 33 trillion tokens, and its context window expanded from 32K to 131K. The new model performs inference before generating responses, and was fine-tuned via reinforcement learning directly on agent frameworks including OpenClaw, Hermes Agent, Pi, and OpenCode, training on continuous tool calls, handling return results, and completing multi-step tasks. In an official demo, a MacBook—no cloud model API required—enabled Hermes Agent to search for trending Hugging Face projects, compile briefings, and act on follow-up queries. Official tests show the new model generates 184 tokens per second on Apple M5 Max, up to 1.7 times faster than comparable MoE models. In agent benchmarks, it scored 48.09 on LiveClaw, higher than Qwen3.6-35B-A3B’s 38.19; its AutomationBench score of 27.69 is over three times that of Qwen. However, it only achieved 51% on the SWE-bench Verified programming test, lower than Qwen’s 66.2%.

4 minutes ago

Binance: Users with at least 245 points can claim the Alpha airdrop at 18:00 today.

According to official announcements, Binance Wallet will open the claim period for a new round of Alpha airdrops at 18:00 Beijing time today. Users holding at least 245 Binance Alpha points are eligible to claim the token airdrop. The airdrop operates on a first-come, first-served basis and will remain open until the airdrop pool is exhausted or the event concludes.

4 minutes ago

TRUMP team's allocated address transfers 6.136 million TRUMP tokens to a new address.

According to on-chain data analyst @ai_9684xtpa’s monitoring, TRUMP’s team allocation address transferred $11.78 million worth of tokens (6.136 million TRUMP tokens) to a new address after a 12-day interval, likely to be deposited into a trading platform. It is noted that 12 days ago, this address had already transferred $8.87 million worth of TRUMP to the address 52RDq…rkaD1; these tokens were later deposited into OKX via two addresses, using a similar operational approach.

4 minutes ago