Strategy (Nasdaq: STRF, STRC, STRK, STRD, MSTR) bought 250 Bitcoin in the week ended October 11, adding about $21.5 million to its treasury while its weekly purchase size shrank for a second straight week. The company disclosed the figures in a capital markets update on October 12 that also showed $192 million of STRC preferred-stock repurchases over the same period.
According to the company’s announcement, $21.0 million of the Bitcoin buy was funded with proceeds from MSTR common-stock sales and the remaining $0.5 million from cash. The additions lift Strategy’s total holdings to 848,250 BTC, keeping it the world’s largest corporate holder of the asset.
A Shrinking Weekly Buy Meets a Larger Buyback
The 250 BTC addition is smaller than the 334 BTC Strategy bought in the week ended October 4 and the 1,665 BTC it acquired the week before that. Its STRC repurchases, by contrast, climbed from $176.3 million to $192.4 million. Strategy now spends roughly nine times more on preferred-stock buybacks than on new Bitcoin, a sharp reversal of the allocation pattern that built its treasury.
As of October 11, the company’s U.S. dollar reserve stood at $4.88 billion, with another $640.5 million in cash held for broader treasury purposes. The reserve is earmarked to support dividends on its preferred stock and interest on its debt, while the cash balance remains available for future Bitcoin buys. It still has $354.8 million authorized for preferred-stock repurchases and $1.0 billion for MSTR stock buybacks.
What the Allocation Shift Signals
The pivot toward buybacks arrives as Bitcoin trades near $83,000 after U.S. spot ETFs posted their largest weekly redemptions since June. The smaller purchases do not signal an exit from Bitcoin; Strategy remains a net accumulator. But its marginal capital is increasingly flowing toward supporting preferred-stock value, a choice that weighs the yield and stability of its own instruments against further BTC exposure.
What Comes Next
Strategy retains ample dry powder to resume larger buys if conditions change. Executive Chairman Michael Saylor has historically telegraphed upcoming purchases on social media ahead of Monday filings, and the company’s last major addition of 1,665 Bitcoin showed the pace it can still reach. Whether the slowdown extends will depend on market conditions, its at-the-market share-sale program, and how management prices preferred-stock buybacks against Bitcoin’s expected return.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Cryptocurrency markets are navigating a mix of tightening Bitcoin supply signals, selective altcoin strength tied to policy news, and broad volatility driven by escalating Middle East tensions.
Over the past 365 days, roughly 700,000 Bitcoin have been withdrawn from centralized exchanges, according to data highlighted by Cointelegraph and drawn from Coinglass charts.
This large-scale movement has meaningfully reduced the inventory of BTC sitting on trading platforms available for immediate sale.
Analysts generally view sustained exchange outflows of this magnitude as consistent with longer-term holding, institutional accumulation, or transfers into self-custody rather than preparation for near-term selling.
With less readily tradable supply, any sustained buying interest could encounter thinner order books, potentially amplifying price responses once demand materializes.
Separately, Conflux (CFX) advanced approximately 17 percent, breaking out of a multi-month descending channel and reaching a five-month high near $0.064.
The move aligned with reports that China’s Communist Party Central Committee and State Council issued a 19-point economic blueprint calling for construction of a national blockchain network alongside an integrated computing-power network.
The initiative forms part of efforts to deepen digital-real economy integration, advance manufacturing digitization, and support related infrastructure programs.
Conflux has long described itself as a regulatory-compliant public, permissionless blockchain with domestic Chinese ties, which appears to have drawn renewed speculative interest.
Trading volume surged more than tenfold into the hundreds of millions of dollars, while derivatives activity also expanded sharply.
Official coverage of the policy, however, focuses on state-directed infrastructure and does not assign any specific role or endorsement to individual public tokens or chains.
At the same time, price action in Ethereum, Solana, BNB Coin, Tron, and Zcash has turned more volatile.
The backdrop is the continuing Iran-related conflict, with fresh attacks by Iran-aligned forces—including Houthi strikes—spreading into Saudi Arabia.
Recent incidents targeting Riyadh’s King Khalid International Airport caused casualties, operational disruptions, and broader regional unease.
Elevated oil prices and rising government bond yields have reinforced a risk-off tone across global markets, and higher-beta cryptocurrencies have frequently absorbed larger percentage swings than Bitcoin during these episodes.
Liquidations and rapid sentiment shifts have been common features of prior flare-ups.
The accumulating geopolitical uncertainty surrounding the conflict and its spillover effects is widely viewed as likely to exert meaningful influence on global financial markets, including digital assets, in the period ahead.
While Bitcoin’s reduced exchange balances point toward structural supply tightness that can support resilience, the macro overlay of energy shocks, inflation concerns, and risk aversion continues to generate short-term volatility across the broader crypto ecosystem. Market participants are therefore balancing on-chain accumulation signals against the possibility of further external shocks.
Notably, Bitcoin has traded in a relatively contained range near $84,000 in recent sessions, recovering modestly after dipping toward the low $80,000s earlier in the month amid geopolitical pressure and risk-off flows.
After opening the period closer to $85,000–$87,000, the asset faced selling that took it as low as roughly $80,400–$81,000 before short covering and easing ETF outflows helped push it back above $84,000, with daily ranges often spanning a few hundred dollars and 24-hour moves limited to roughly 1%.
The price remains well below its October 2025 peak near $126,000 and is still modestly lower on a multi-day basis, reflecting a market that has absorbed oil-driven yield spikes and Middle East headlines without a sustained breakdown.
Liquidations have skewed toward shorts in the latest bounce, while overall volume has been moderate, leaving Bitcoin consolidating as exchange supply continues to tighten.
On the ecosystem side, Ethereum is advancing its Glamsterdam upgrade, which successfully activated on the Sepolia testnet in early October and targets higher Layer-1 throughput through enshrined proposer-builder separation and block-level access lists; mainnet timing remains expected later in the fourth quarter if testing proceeds cleanly.
Solana continues rolling out latency and consensus improvements, including shorter slot times and the Alpenglow protocol aimed at reducing finality from roughly 12.8 seconds toward 150 milliseconds, with related client releases and testnet progress already under way.
BNB Chain, having completed the Pasteur hard fork that raised throughput and refined block building, is preparing the Jenner upgrade for testnet late this month ahead of a mainnet target in November, while also expanding its lead in tokenized equities and real-world asset activity. These parallel technical roadmaps underscore ongoing competition among major smart-contract networks even as broader market volatility persists.
Jeonbuk Bank has become the first bank in South Korea to offer won-denominated loans backed by bitcoin, according to reports.
The subsidiary of JB Financial Group has started offering the loans, according to exclusive Monday reporting by the country’s Edaily paper.
For now, the product is limited to corporate customers raising working capital, and bitcoin is the only eligible collateral. The bank said it may expand the service depending on regulatory changes and market demand, the report added.
Jeonbuk Bank won’t own or control the bitcoin itself. The collateral is held by a specialized custodian, limited to virtual asset service providers registered under Korea’s Act on the Reporting of Specific Financial Information, it further noted.
If a borrower defaults, the bank won’t take the coins but will rather liquidate them through enforcement procedures such as a court-ordered sale and recover the loan from the proceeds.
The bank said it chose bitcoin for its market capitalization and trading volume, the largest of any digital asset, and that its own stress tests showed bitcoin held up as collateral even during sharp price declines. To value the collateral, it uses an index based on a weighted average of prices across multiple global exchanges.
Similar products already exist abroad. JPMorgan Chase debuted bitcoin-backed loans for institutional clients in March, and Switzerland’s Sygnum Bank offers comparable credit.
The loan is the first concrete result of the “Crypto Bank” vision put forward by Jeonbuk Bank President Park Chun-won. The lender is the only regional bank to provide real-name verified accounts to crypto exchanges, and it is preparing an “all-in-one wallet” that combines fiat accounts and digital asset wallets.
“This loan is an example of designing a risk management and recovery structure that allows us to utilize existing bank lending and collateral management systems without directly holding virtual assets,” said Jeong Sang-hoon, executive vice president of the bank’s digital division.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
The Moscow Exchange plans to let clients trade cryptocurrencies starting in December and has begun testing operations with professional market participants, a senior executive said last week.
“We are actively testing. We started a week ago,” Boris Blokhin, the exchange’s senior managing director for sales and business development, told journalists on the sidelines of the Sber Investments forum, according to a Thursday Interfax report.
The exchange — the biggest in Russia — will work with a partner settlement digital depository, where market participants will open accounts. It won’t need any additional permits or licenses to launch trading, Blokhin added.
The plan follows Russia’s law on digital currencies and digital rights, which took effect in September and sets comprehensive rules for crypto in the country.
Trades can run through existing infrastructure such as exchanges, brokers and trust managers. New players will also join, including crypto exchangers, where assets are bought and sold, and digital depositories, which record ownership.
Russia’s largest bank, Sberbank, announced last month it was the first in the country to have been approved to custody bitcoin. The Bank of Russia gave it the green light for “digital currency record-keeping” and to facilitate the transfer of such assets, covering bitcoin and other, smaller cryptocurrencies.
Russia’s relationship with Bitcoin is complicated. President Vladimir Putin in 2024 seemed to praise the original cryptocurrency back in 2024. “For example, Bitcoin, who can ban it? Nobody,” he said at a forum at the time.
But the Kremlin keeps a tight grip on what citizens can do with it. Using crypto as a form of payment has been illegal in Russia since 2022; unqualified investors can buy bitcoin and stablecoins capped at 300,000 rubles ($3,556) a year through a single intermediary.
Qualified investors can buy any cryptocurrency traded on exchange and over-the-counter markets, with no limit.
President Putin in October signed a law to set in stone the regulation of digital currencies and digital rights in the country.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Bitcoin traders spent the week shopping for insurance. Bearish options accounted for 53.5% of Bitcoin’s options volume this week, according to data shared on X. The post framed the shift as a sign of institutional demand for downside protection.
A selloff, then a scramble for hedges
Bitcoin fell roughly 7.3% from a peak of $86,728 to a low of $80,394 on October 8. As of October 12, Bitcoin had stabilized in the $83,500 to $83,750 range.
That bounce did not calm the options market. For the October 16 expiry, the put-to-call ratio hit 1.43, which means puts outnumbered calls by 43%.
A put option gives the holder the right to sell at a set price, so it pays off when prices fall. A call does the opposite and profits when prices rise.
Around $451 million in notional value for those near-term puts sits at strike prices between $76,000 and $80,000.
The bigger picture still leans bullish
Total Bitcoin options open interest across platforms sits somewhere between $37 billion and $37.45 billion. Calls make up about 60% of that total. Open interest put-to-call ratios have hovered between 0.66 and 0.71, which is firmly call-leaning.
Much of that call positioning targets longer-dated strikes, such as $95,000.
Volatility and the macro backdrop
The 30-day at-the-money implied volatility ranged from 34% to 35.7% during the period. Realized volatility, which measures how much prices actually moved, came in at about 37% to 38%.
When realized volatility runs above implied, options are pricing in calmer conditions than traders have recently lived through, which can make protection look relatively cheap compared with recent price action.
Overall sentiment in the options market shifted from a calls-richer stance to a puts-bid posture. Traders have also been positioning ahead of releases like the FOMC minutes, which can move risk assets as investors parse the Federal Reserve’s thinking on rates.
What this means for traders and investors
The research points to institutional participants protecting against bearish moves rather than abandoning their longer-term view on Bitcoin.
The concentration of puts at $76,000 to $80,000 deserves attention. Large clusters of open contracts at specific strikes can become reference points that traders watch closely as expiry approaches. The October 16 expiry is the near-term date to monitor, with a put-to-call ratio of 1.43 tied to that date.
With open interest in the tens of billions, derivatives positioning is no longer a side show to spot trading. If realized swings stay elevated and implied volatility catches up, protection gets more expensive, and late hedgers pay the premium.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Bitcoin slipped below $82,000, and leveraged bulls paid for it almost immediately. Roughly $120 million in long positions across crypto were liquidated in the span of 15 minutes.
What happened in those 15 minutes
The drop pushed Bitcoin under the $82,000 mark during intraday trading on October 12. As the price fell, exchanges began forcibly closing leveraged long positions, which are bets that the price would keep rising.
That forced selling is called a liquidation. It also tends to feed on itself, because every automatic sell order adds more downward pressure on the price.
Data from platforms including CoinGlass and Hyperliquid pointed to heavy long exposure among traders heading into the move.
CoinGlass reported that long positions made up the bulk of the liquidations in recent events. Shorts, the traders betting on declines, had a considerably better afternoon.
By the latest readings, Bitcoin was changing hands in the low $82,000 range. Traders were watching a support zone between $81,300 and $82,000, a band where buyers have previously stepped in.
Not the first wobble this month
On October 8, Bitcoin dropped below $81,000, touching intraday lows of approximately $80,400 to $80,500. That earlier slide triggered over $1 billion in liquidations within 24 hours, mostly on the long side. A further $696 million in related liquidations came alongside it.
Compared with that, Sunday’s $120 million flush looks almost restrained. The speed, though, is the notable part: the October 8 figure accumulated over a full day, while the latest one landed in a quarter of an hour.
Both declines followed a run that took Bitcoin to highs in the $85,000 to $87,000 range earlier in October. Profit-taking near the $87,000 peak helped kick off the retreat.
US spot Bitcoin ETFs reportedly saw outflows of $487 million in a single day, which removes a meaningful source of steady buying.
No significant regulatory actions or protocol changes were reported around this stretch of price action. The swings appear tied more to traders unwinding leverage than to any single fundamental headline.
The bounce pattern
After earlier sharp drops, Bitcoin has rebounded fast, at one point climbing back above $83,000.
What this means for traders and investors
The $81,300 to $82,000 support band is the near-term level to watch. A clean break below it could trigger another round of forced selling if traders remain heavily leveraged.
A single $487 million outflow day doesn’t define a trend, but continued redemptions would mean less institutional demand absorbing the selling when leveraged traders get flushed.
The October 8 low near $80,400 also serves as a reference point. Revisiting that level would put the market back where the $1 billion-plus liquidation day bottomed out.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
The Moscow Exchange, Russia’s largest trading platform, is preparing to enable cryptocurrency trading for its clients. Senior managing director Boris Blokhin recently confirmed that testing with professional market participants began in early October, with full operations expected to start in December.
Testing phase and regulatory frameworkBlokhin explained that the exchange has worked closely with relevant partners to set up essential infrastructure, emphasizing that these preparations started over a week ago. Trading will take place using a partner settlement digital depository, where market participants will be able to open accounts.
According to Blokhin, the Moscow Exchange does not require new licenses or permits to initiate cryptocurrency trading. The move aligns with Russia’s recently implemented law on digital currencies and digital rights, which came into force in September and established formal guidelines for the sector.
This legal framework allows existing exchanges, brokers, and trust managers to facilitate crypto trading, while also introducing new players such as specialized crypto exchangers and digital depositories responsible for asset ownership records.
Qualified investors will be allowed to buy any cryptocurrency offered through both exchange and over-the-counter markets, with no set restrictions. Meanwhile, unqualified investors will be able to purchase bitcoin and stablecoins up to an annual limit of 300,000 rubles, or approximately $3,556, and only through authorized intermediaries.
Major institutions enter the crypto spaceSberbank, Russia’s largest bank, received regulatory approval last month from the Bank of Russia to offer bitcoin custody services. The central bank authorized Sberbank to maintain digital currency record-keeping and facilitate transfers involving bitcoin and select other cryptocurrencies.
President Vladimir Putin has addressed Bitcoin directly in previous statements. In 2024, he remarked at a forum, “For example, Bitcoin, who can ban it? Nobody,” highlighting both an acceptance of the technology and the challenges of enforcing bans at a global scale.
Nevertheless, the Russian government continues to limit how citizens use cryptocurrencies within its borders. Since 2022, using digital assets as a form of payment has been prohibited, and most retail investors face strict annual purchase limits through a single intermediary.
Advanced market tools gain tractionIn a rapidly changing market where a key Federal Reserve announcement or a sudden listing of an altcoin can alter prices in moments, traders have become increasingly reliant on unified tools to stay ahead. Many investors now utilize privacy-focused platforms like CryptoAppsy to bring real-time charts, news updates, price alerts, and macroeconomic data together in one place. Notably, these services operate without mandatory account registration, enabling investors to monitor crypto and traditional financial markets in real time on a single dashboard.
The introduction of digital currency trading on the Moscow Exchange is part of a broader trend, as Russia continues to formalize its stance on crypto assets while keeping close oversight on transaction and investment limits for its citizens.
President Putin further reinforced this regulatory direction in October by signing legislation that codified rules around digital currencies and digital rights, providing greater clarity for both institutions and retail market participants.
Robinhood CEO: The company will ramp up investment in builders of the Robinhood Chain, with details to be announced soon.
Robinhood CEO Vlad Tenev responded to community questions on X, stating that Robinhood Chain is a top priority for the company. “We never left,” he said. “The builders who showed up early matter a great deal to us. More updates will be coming soon.” Tenev added that he aims to attract the best builders to Robinhood Chain, noting: “We are investing to make this a reality. If you’re building something great, we want to hear your ideas. More details will be announced soon.”
6 hours ago
Federal Reserve's Harker: Further policy tightening required to curb inflation
Cleveland Federal Reserve President Hamrick said the Fed needs to bring monetary policy to a restrictive level to push inflation back to its 2% target. She noted that the current policy stance means inflation could take longer than acceptable to fall, hence "more tightening is needed." Hamrick added that further interest rate hikes may still be required, though the timing is undecided. She favors "smaller, more frequent" adjustments to help businesses and households plan ahead. She pointed out that corporate input costs are rising, and an increasing number of firms are passing these costs to consumers. If prices are no longer constrained by demand, inflation could rise further or stay elevated. She highlighted that the biggest inflation risk is the development of an "inflation mindset" among individuals and businesses, who gradually accept higher inflation levels—this would make it harder for the Fed to return inflation to target, and some signs of this have already emerged. When discussing the rise in U.S. Treasury yields, Hamrick said it is mainly driven by factors including economic growth expectations, market repricing of Fed policy, fiscal pressures, and large-scale bond issuance. She noted that the data center investment boom is boosting growth, but the current financial environment still needs further tightening to help inflation decline. Hamrick also emphasized that the Federal Reserve's independence is "always of utmost importance." (Jinshi)
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Meta CEO Announces Launch of Muse Wonder, a Larger and More Advanced Model.
Dongcha Beating AI News: Meta Platforms CEO Mark Zuckerberg announced that he will launch two models today, including Muse Wonder, a larger and more advanced model.
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UK High Court rules that claims related to over 61,000 Bitcoin in the Qian Zhimin case are subject to Chinese law, with the funds involved totaling approximately £4.1 billion.
A judgment released by the UK National Archives shows that the UK High Court ruled on the "Blue Sky Grid Rui Case" on October 12, holding that property rights claims filed by Chinese investors over the involved Bitcoin should be governed by Chinese law rather than UK law. The case involves over 61,000 Bitcoin, a key component of the billions of pounds in criminal proceeds recovered by UK law enforcement. The judgment states that the investment scam in question was carried out in China between 2014 and 2017, with total funds involved amounting to approximately 40.228 billion yuan (around ￡4.1 billion). The funds were used to purchase assets including Bitcoin, and the involved Bitcoin was later transferred to the UK. UK police seized relevant equipment and some access keys in 2018, and the assets subsequently recovered included over 61,000 Bitcoin. The court ruled that the investors' locations, the place where false statements were made, the location of fund payments, and the original purchase site of the Bitcoin were all primarily in China, so the relevant property rights should be determined in accordance with Chinese law. The court also rejected the investors' arguments seeking to establish rights under UK law and relevant asset tracing rules. It should be noted that this ruling only addresses which country's law applies to the relevant claims, and does not finally determine whether each investor owns the involved Bitcoin, nor does it decide on the final distribution of the assets. Specific rights under Chinese law and relevant evidence will need to be reviewed in subsequent proceedings.
6 hours ago
Marvell Launches 2nd-Generation CXL Memory Expander, Supporting Up to 9TB of Memory Per Controller.
Marvell has launched its second-generation Structera X 3406 and 3506 CXL memory expanders. A single controller supports up to 9TB of DDR4 or 6TB of DDR5 memory, with 50% more memory channels than the previous generation. The new products adopt CXL 3.2 technology, enabling up to four hosts to share memory resources and delivering a maximum host interconnection bandwidth of 256GB/s. Their built-in LZ4 compression engine offers a maximum compression and decompression throughput of 250GB/s, a five-fold improvement over the prior generation. Marvell stated that the new offerings aim to ease memory capacity and bandwidth bottlenecks in large model inference. In specific large model inference scenarios, they can cut first-byte latency by 40% to 50%; in deep learning recommendation model use cases, the maximum queries per second (QPS) of a single controller can be doubled. Ecosystem partners include AMD, Arm, Alibaba, Samsung, and SK Hynix. The two products are expected to be supplied as samples to customers in the first quarter of 2027.
6 hours ago
Bitcoin rallied then pulled back, dropping over 2%; oil prices climbed to a nearly one-month high, while escalating Middle East tensions have stoked market risk aversion.
Bitcoin rose to $84,254 at one point on Monday before pulling back, with a drop of as much as 2.2%. Uncertainty over the prospects of a Russia-Ukraine energy ceasefire and incidents such as oil tanker attacks in the Strait of Hormuz have amplified market concerns about energy supply. Brent crude climbed to $107.25 per barrel during trading, its highest level since September 16, while WTI crude broke above $94 per barrel. The U.S. will release September’s CPI and PPI data this week, and the oil price rally has further stoked fears of an inflation rebound. Former Goldman Sachs chief foreign exchange strategist Robin Brooks argues that, given traffic through the Strait of Hormuz has improved somewhat, current oil prices may be pricing in excessive risk premiums. In trading, QCP Capital noted that Bitcoin’s options market shows a mix of cautious and bullish expectations: traders are taking defensive positions while still retaining bets on an upward price breakout. The firm stated that if BTC decisively breaks above $87,000, its next target could be $94,000. On-chain and exchange liquidity data show there is approximately $180 million in sell-side liquidity around $84,500, while buy-side support lies near $82,000.
XRP, the digital asset developed by Ripple Labs, is currently valued at $1.39 with a circulating supply of 63.12 billion tokens and a total market capitalization of approximately $88.04 billion. Despite its established role in the cryptocurrency sector, some market participants continue to argue that XRP remains undervalued.
XRP’s path to $400 billion market capitalizationIn a recent analysis, the AI tool ChatGPT was prompted to evaluate the potential for XRP to achieve a $400 billion market cap. The AI calculated that XRP would require a price increase from $1.39 to around $6.34 in order to reach this target, representing a gain of roughly 356% (a 4.54-fold rise from current levels). ChatGPT emphasized that while this upside offers significant potential, it does not guarantee the outcome.
To address the question of timing, the AI outlined three potential scenarios. An aggressive outlook projected that XRP might reach a $400 billion valuation by late 2026, though this was described as optimistic and carrying low confidence. The more balanced scenario placed a possible rally in the first half of 2027, assuming several favorable catalysts converged. Lastly, a conservative forecast suggested that the target could be achieved in late 2027 or thereafter if regulatory clarity remains pending and demand increases gradually.
ChatGPT warned that progress toward the $400 billion mark is unlikely to follow a straight line. Instead, the AI suggested that a rally supported by rising trading volume and persistent inflows into exchange-traded funds (ETFs) would provide more solidity than rapid price gains that lead to abrupt corrections.
ChatGPT noted that, “a rally supported by increasing trading volume and persistent ETF inflows would be more convincing than a rapid price spike followed by heavy selling.”
Factors influencing XRP’s potential surgeThe AI model identified several key factors that could accelerate XRP’s ascent to a $400 billion market capitalization. Chief among these were a continued Bitcoin rally, which tends to improve general crypto market sentiment, growing inflows into U.S. spot XRP ETFs, heightened institutional accumulation by firms such as Evernorth, and advances in U.S. digital asset regulation.
According to recent data, cumulative net inflows into U.S. spot XRP ETF products have reached about $1.81 billion, though ChatGPT cautioned that these inflows are subject to daily volatility. The path to a sustained $6.34 price supposes that several of these catalysts must arrive at the same time to maintain upward momentum at each price stage.
Ripple Labs, the company behind XRP, focuses on building enterprise blockchain solutions for global payments and settlement, and has been a prominent figure in regulatory debates regarding crypto assets in the United States.
Mini dictionary: Spot ETF — An exchange-traded fund that purchases the underlying asset directly rather than using futures contracts, enabling investors to gain exposure to the real-time price movements of a cryptocurrency via regulated markets.
As a practical benchmark, the AI suggested that XRP would need to sustain levels above $2, followed by progress toward $3, before approaching the ambitious $6.34 target. This foundation, combined with growing institutional demand and supportive regulatory decisions, could pave the way for XRP’s market cap to approach $400 billion by late 2027. However, ChatGPT emphasized that successful achievement of this milestone relies on several market and regulatory developments aligning favorably.
XRP’s path to $400 billion hinges on a series of key catalysts arriving together, including stronger institutional demand, progress towards digital asset regulation in the U.S., and a meaningful recovery above $2 and $3 resistance levels.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Autonomous artificial intelligence systems are becoming the new driving force behind transaction activity on the XRP Ledger (XRPL). According to data from the t54.ai platform, AI agents are now generating the network's main commercial flow, gradually displacing traditional retail transfers.
At the turn of September and October, the daily number of settlements on XRPL stood at more than 600,000 transactions, with peaks of up to 700,000.
The agentic economy is becoming a major source of XRPL activity as more merchants, services and use cases emerge. Businesses need confidence in who agents represent, what they’re authorized to do and the risks involved. Our trust layer provides the infrastructure to scale.
HOT Stories
— t54.ai (@t54ai) October 12, 2026 The infrastructure for robots is already in place: 169 merchants are operating on the network, and the total transaction volume has exceeded 13.94 million. AI developers are massively switching their systems to settlements in XRP tokens and the RLUSD stablecoin because traditional banks cannot be used for microtransactions occurring every second.
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According to t54's on-chain dashboard, the undisputed leader in traffic is the distributed inference network Heurist Inference Router (9,973,942 transactions), followed by the AI search engine AskSurf (863,012), the computing network Heurist Mesh (512,623), the operating system LucyOS (400,663), and the fintech project ClawBank (137,836).
How big capital hedges risks in the machine economyDevelopers pinpoint a widespread lack of corporate trust in autonomous software as the primary barrier to scaling this trend. To manage these risks, the startup has launched a "Trust Layer" based on the X402 standard. The system verifies digital mandates and limits for AI agents in real time at the pre-execution stage of transactions, while also providing them with Claw Credit credit lines based on on-chain reputation.
The deployment of payment rails for machines is already reaching the level of institutional capital. Developers at t54 Labs have closed a $5 million seed round with the direct participation of Ripple and financial giant Franklin Templeton.
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The project has also been included in the Mastercard Start Path accelerator program for the subsequent integration of autonomous AI agents directly into global fiat payment networks.
In short, XRPL's on-chain metrics have recorded a fundamental shift: AI agents have evolved from an expense item into independent payers generating transaction traffic faster than humans.
XRP is approaching another critical price test as market data points to a possible retest of the $1.35 to $1.38 support area before a potential rebound. Recent research from Bitrue Research Institute indicates a divergence between Futures buyers’ enthusiasm and more restrained activity in Spot markets.
Market structure and momentumThe Institute’s AI-driven crypto indicators reveal that leveraged long positions remain heavily populated, while significant whale activity is subdued. This creates a delicate balance that could lead to sharp price movements.
A senior analyst at Bitrue Research Institute explained, the tension is visible between crowded leveraged long bets and quieter whale movements, with Bitrue’s AI models warning of Neutral momentum, a flat trend, and high long ratios. The analyst highlighted, “We expect XRP to test the $1.35–1.38 zone first before any meaningful rebound can develop.”
This market setup increases the risk of rapid liquidation cascades if XRP’s price encounters additional selling pressure. The analyst pointed out that, although exchange-side supply is declining, large holders have not delivered significant inflows to support price levels.
Bitrue Research Institute’s data reflects this pattern: whale inflows over a three-month average have dropped sharply to $61 million, which is the lowest level recorded since 2021.
Key price levelsThe immediate focus is on the $1.38 support line, which now frames the discussion for bullish moves. If XRP holds this level, analysts see a path toward $1.50, with $1.45 acting as a pivotal checkpoint on the way up.
Other market indicators suggest slightly bearish momentum. The Relative Strength Index (RSI) stands at 45.05, hinting at mild overselling. The MACD remains below its signal line with a negative histogram, and the Chaikin Money Flow (CMF) is still negative on most time frames, aside from short-term charts where bulls are defending $1.38.
Whale flows and ETF impactThe interplay between large holders and broader market sentiment is expected to drive the next phase. If whales return to accumulate XRP, external factors such as Wall Street influence could catalyze stronger upside. XRP-focused exchange-traded funds have reported $11.3 million in five-day net inflows, and Evernorth is set to launch an XRP-exclusive treasury on NASDAQ with the XRPN ticker.
Despite these developments, experts caution that hesitation among large investors could send XRP back to the $1.35 to $1.38 liquidity pockets before any attempt to reclaim $1.50.
In these circumstances, many traders are searching for technical efficiency and fast-access tools. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Recent coverage and industry outlookElsewhere in crypto markets, other tokens are drawing attention for technical reasons. HBAR has seen activity around the $0.40 area amid a prolonged compression phase, and Cardano’s supporters are discussing renewed price targets as network upgrades go live.
Analysts continue to monitor inflows, technical indicators, and whale behavior to gauge the next significant move for XRP and similar assets.
Unlike short-term speculative rallies, a DeFi-driven cycle depends on growing liquidity, stronger on-chain activity, and long-term investor commitment.
One key metric to watch is Total Value Locked (TVL), which shows how much capital is held in DeFi protocols.
According to AMBCrypto, this is where the chart below comes into play.
Recently Doppler’s XRP Vault has seen its holdings peak at 90 million, worth over $127 million, marking a key milestone for the ecosystem. The timing is notable, as XRPL’s TVL has cooled by around $5 million from the late-September peak of $46 million.
Source: DeFiLlama Notably, this underperformance cuts across TVL.
According to DefiLlama, XRPL’s stablecoins have recorded a 6.3% drop in their market cap to $1.23 billion. This suggests decreased liquidity in the ecosystem, which can lead to lower inflows of capital and slower growth in DeFi adoption.
While Doppler’s increased holdings of XRP indicate activity within the ecosystem, a rise in liquidity and stablecoin market value would be a more reliable sign of renewed bullish on-chain action.
But then again, could the upcoming listing on XRPN by Evernorth trigger renewed DeFi momentum on XRPL?
According to AMBCrypto, the capital inflows to participate in the offering could drive the entire ecosystem up towards a much larger DeFi cycle and help reshape the perception of XRP throughout the rest of Q4.
XRP builds DeFi momentum as XRPN yield expectations rise Ripple’s [XRP] DeFi ecosystem is at a critical juncture as liquidity begins to dry up.
However, Evernorth’s upcoming XRPN listing on Nasdaq could add another layer to the story. Evernorth reportedly holds 473 million XRP, ranking among the largest XRP treasuries.
So, while the listing could influence how investors access XRP exposure, its impact may go beyond market flows alone.
One analyst on X argued that, rather than buying XRP directly or keeping in a custodian account, investors could gain exposure to the asset through a share in XRPN, similarly to how Strategy’s MSTR stock has indirect exposure to Bitcoin.
The question, then, is how Evernorth will attract and retain shareholders.
A yield strategy could serve as an incentive for investors to buy XRPN shares, as opposed to buying XRP directly, representing a potential new source of demand for the cryptocurrency.
Source: X Adding to this picture is XRPL’s growing tokenization activity.
Ethereum was initially dominant, but XRPL now appears to be outperforming in tokenized commodities. In line with the data, tokenized commodity net inflows hit $2.2 billion on XRPL, compared with $1.6 billion on Ethereum in 2026.
Meanwhile, the monthly real-world asset (RWA) transfers on XRPL peaked at an incredible $7.03 billion, a 224-fold increase. And together, they can serve as fresh demand generators for XRP.
If Evernorth introduces a yield farming concept for XRPN holders, it will create a positive feedback loop of adoption to the XRP ecosystem. In turn, increased XRPL tokenization adds another layer to the ecosystem’s growth.
With both trends gaining traction, XRP’s DeFi narrative heading deeper into Q4 is worth watching.
Final Summary XRP’s DeFi activity is growing, but falling liquidity remains a concern.
Evernorth’s XRPN listing and potential yield opportunities could boost XRP demand in Q4.
Technical analyst Lana Valentis has highlighted a potential reversal in XRP’s price action, indicating that the cryptocurrency may be positioned for an upward move after breaking out of a descending channel on its daily chart.
Technical structure and recent price actionSince July 2025, XRP has traded within a defined descending channel, with $3.65 serving as its all-time high and upper trendline resistance. Each rally since mid-2025 has reversed at this upper boundary, while the lower trendline has repeatedly provided support during market corrections.
Price movements through July and August compressed toward the channel’s lower limit. A support zone highlighted near $0.99 absorbed significant selling pressure during this period. Following this bounce, XRP rallied above $1.30, signaling renewed buyer strength in the market.
XRP’s breakout from the descending channel has been driven by robust buyer support in the $0.99 to $1.10 range, with renewed momentum now visible above $1.30.
According to the technical breakdown, the price within the highlighted green zone—spanning $0.99 to $1.10—acted as a foundation for XRP’s recent rebound. After touching this region in August, XRP quickly surged over 50% within 65 hours, reaching $1.68 before retracing modestly. The asset currently trades well above its established support, maintaining the bullish scenario.
LevelSignificance$0.99 – $1.10Buyer support zone$1.30Current price region after rebound$1.68Recent local high$1.70, $2.20, $2.70Intermediate resistance targets$3.65All-time high and major resistanceKey resistance levels and targetsValentis outlined a sequence of resistance levels that XRP needs to surpass to realize further gains. These technical hurdles sit at $1.70, $2.20, $2.70, and $3.65—each previously tested during past rallies or corrections. The $3.65 level, marked by a red dashed line on most technical charts, stands as the most notable long-term resistance, corresponding to the record high from July 2025.
Projections on the chart illustrate a possible scenario in which XRP advances from the current $1.35 region up to $3.65, provided each resistance level is broken. However, this outlook is based on continued buyer support and the validity of the technical breakout rather than a guaranteed upward move.
After buyers confirmed the channel breakout, XRP may progress through $1.70, $2.20, and $2.70 before challenging the major resistance at $3.65.
Increasing role in asset tokenizationBeyond technical indicators, Valentis commented on XRP’s expanding utility in financial markets. She described XRP as emerging as a backbone for real-world asset tokenization, with its ecosystem reportedly growing at a faster pace than generally recognized.
Sustained buyer interest and the capacity of the support zone around $0.99 to hold remain critical for any further upside. If momentum continues, XRP may seek to test each successive resistance level outlined in Valentis’s analysis.
Mini dictionary: Real-world asset tokenization refers to the process of converting physical assets, such as real estate or commodities, into digital tokens on a blockchain. This enables fractional ownership, increased liquidity, and easier transferability of traditionally illiquid assets.
Autonomous artificial intelligence systems are now driving the bulk of settlement activity on the XRP Ledger (XRPL), signaling a shift away from traditional retail transactions. According to on-chain data from t54.ai, machine-driven transaction flow has become central to XRPL’s commercial usage, with AI agents handling increasingly complex microtransactions.
AI agents reshape XRPL commercial landscapeTransaction activity on XRPL has surged, with daily settlements surpassing 600,000 and occasionally touching 700,000 at the turn of September and October. This uptick aligns with the growing presence of AI-infused agents and services on the network.
The infrastructure supporting automated operations has expanded rapidly, with 169 different merchants now active. The total transaction volume across these entities has exceeded 13.94 million, as developers pivot to using XRP tokens and the RLUSD stablecoin for real-time, high-frequency microtransactions, which traditional banking channels are ill-suited to handle.
Data from the t54 on-chain dashboard places the distributed inference network Heurist Inference Router at the top, having processed 9,973,942 transactions. Other major contributors include the AI search engine AskSurf (863,012 transactions), computing network Heurist Mesh (512,623), operating system LucyOS (400,663), and fintech platform ClawBank (137,836).
PlatformTransactionsHeurist Inference Router9,973,942AskSurf863,012Heurist Mesh512,623LucyOS400,663ClawBank137,836AI developers have increasingly adopted these settlement options, reflecting the network’s ability to meet requirements for automated, rapid, and small-value payments.
Mini dictionary: RLUSD, a stablecoin on the XRP Ledger, is designed to facilitate fast, cost-effective, and programmable settlements between AI agents and human users, allowing efficient microtransaction processing on-chain.
Institutional investment and the trust challengeThe widespread adoption of autonomous AI-driven software remains tied to overcoming a lack of corporate trust. Developers attribute this skepticism as a primary obstacle to scaling automated transactions. In response, the startup has introduced a “Trust Layer” leveraging the X402 standard. This system verifies digital mandates and transaction limits for AI agents in real time before settlement, and it extends Claw Credit credit lines based on established on-chain reputations.
Recently, the deployment of machine-based payment rails has attracted institutional attention. t54 Labs completed a $5 million seed funding round, counting Ripple and leading asset manager Franklin Templeton among its direct investors.
Additionally, the company has joined the Mastercard Start Path accelerator program. This initiative aims to integrate autonomous AI agents into Mastercard’s global payment infrastructure, facilitating cross-network settlements involving both digital and fiat assets.
AI agents are now generating the XRP Ledger’s main transaction flow, overtaking human-originated retail transfers and establishing themselves as the network’s dominant commercial force.
AI agents transition from expense to transaction driversOn-chain activity now shows a fundamental transformation: AI-powered agents have shifted from being categorized as operational overhead to serving as key initiators of settlement traffic. Their ability to conduct rapid, multi-party transactions is outpacing traditional human activity on the XRPL network.
The momentum created by AI-driven commerce is seen as a harbinger of broader adoption of autonomous transaction systems, particularly as institutional capital continues to enter the sector.
In brief Evernorth began trading on Nasdaq under the ticker XRPN on Monday after closing its merger with SPAC Armada Acquisition Corp. II on October 9, holding about 473 million XRP and $300 million in gross cash. About 80.3% of Armada's public shareholders redeemed their shares for roughly $10.58 each, pulling about $195 million out of the deal and leaving a thin float that sent the stock as high as $53 before the close. XRP fell from $2.37 when the deal was signed to a $1.43 reference price at closing, valuing Evernorth's treasury at roughly $677 million versus the more than $1 billion it originally raised. Evernorth, the Ripple-backed company built to stockpile XRP, started trading on the Nasdaq on Monday under the ticker XRPN, giving anyone with a regular brokerage account a way to bet on the cryptocurrency without ever opening a crypto wallet.
The listing caps a merger with Armada Acquisition Corp. II that closed on Friday. Armada was a SPAC, short for special purpose acquisition company: a listed shell with no business of its own that raises cash, parks it in a trust, and waits to merge with a private firm that wants to skip a traditional IPO.
Myriad: Where does XRP go next? Click to make your prediction.Evernorth enters public markets holding roughly 473 million XRP and about $300 million in gross cash. At the $1.43 XRP reference price used in the deal's closing filing, that stash is worth about $677 million.
The $677 million figure falls well short of the pitch Evernorth made when it first announced the deal in October 2025, when it touted more than $1 billion in funding to buy XRP. The merger documents priced the token at $2.37 at signing, so by closing day XRP had lost roughly 40% of its value.
Evernorth spent roughly $947 million buying XRP in late October 2025, and by February that pile was worth about $446 million less than it paid. XRP hit an all-time high of $3.65 in July 2025; the $1.43 closing reference price sits about 61% below that peak.
Evernorth belongs to a crowded category known as digital asset treasuries, or DATs: public companies whose main business is holding a cryptocurrency and raising money to buy more of it. Strategy (formerly Microstrategy) pioneered the playbook with Bitcoin, and Evernorth says it is now the largest publicly traded company devoted to XRP.
The model runs on a ratio called mNAV, or market-to-net-asset value, which divides a company's stock market value by the value of the crypto it holds. Above 1, a DAT can sell new shares at a premium and buy more tokens; below 1, raising money means dilution, where each existing share ends up representing a smaller slice of the company.
About 80.3% of Armada's public shareholders, holding 18.5 million shares, chose redemption, the SPAC investor's right to hand shares back for cash from the trust. They took about $10.58 per share, pulling roughly $195 million out of the deal before it closed.
That exodus left only about 4.5 million original public shares, a tiny float (the pool of shares available for everyday trading) that lets small orders move the price wildly. Days after the redemption window shut, XRPN touched an intraday high of $53 on October 2 and closed that Friday at $39.42, before sliding to $17.09 on October 9, the day the merger closed. On its first day trading as Evernorth, the stock briefly jumped toward $19 before fading to $16.64 by midday Monday, according to Yahoo Finance data.
Tokyo-listed financial group SBI Holdings now controls 39.9% of Evernorth's voting shares, while the fund of Arrington Capital, which sponsored the SPAC, holds 19.9%, and Ripple co-founder Chris Larsen is tied to 9.9%, according to the filing. Ripple and its affiliates are capped at 9.9% of the voting power, and Ripple, a Larsen-linked trust and Arrington's fund signed six-month lock-ups that bar them from selling until April 2027.
Most of the treasury came from existing holders swapping tokens for stock. Arrington's fund contributed about 211 million XRP, Ripple handed over about 127 million, the Larsen-linked trust added 50 million, and roughly 84 million were bought at an average of $2.53 using $214 million in early funding.
Rather than simply sitting on its tokens like a passive fund, Evernorth plans to earn yield through DeFi, or decentralized finance, apps that lend and trade crypto without a bank in the middle, and to run validators, the computers that confirm transactions on the XRP Ledger, all aimed at growing the amount of XRP behind each share.
On Monday, the company named Hugo Jeandesboz, formerly co-chief investment officer at Coinbase Asset Management, to run that strategy. Michael Arrington said in the merger announcement that Evernorth brings “scaled capital, active participation and the standards of a public company” to the institutional build-out of XRP's infrastructure.
Evernorth plans to celebrate the listing by ringing Nasdaq's ceremonial closing bell on Wednesday, October 14, two days after its shares began trading. Alongside the stock, its warrants, which give holders the right to buy shares at $11.50 each, now trade under the separate ticker XRPNW.
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In brief Evernorth began trading on Nasdaq under the ticker XRPN on Monday after closing its merger with SPAC Armada Acquisition Corp. II on October 9, holding about 473 million XRP and $300 million in gross cash. About 80.3% of Armada's public shareholders redeemed their shares for roughly $10.58 each, pulling about $195 million out of the deal and leaving a thin float that sent the stock as high as $53 before the close. XRP fell from $2.37 when the deal was signed to a $1.43 reference price at closing, valuing Evernorth's treasury at roughly $677 million versus the more than $1 billion it originally raised. Evernorth, the Ripple-backed company built to stockpile XRP, started trading on the Nasdaq on Monday under the ticker XRPN, giving anyone with a regular brokerage account a way to bet on the cryptocurrency without ever opening a crypto wallet.
The listing caps a merger with Armada Acquisition Corp. II that closed on Friday. Armada was a SPAC, short for special purpose acquisition company: a listed shell with no business of its own that raises cash, parks it in a trust, and waits to merge with a private firm that wants to skip a traditional IPO.
Myriad: Where does XRP go next? Click to make your prediction.Evernorth enters public markets holding roughly 473 million XRP and about $300 million in gross cash. At the $1.43 XRP reference price used in the deal's closing filing, that stash is worth about $677 million.
The $677 million figure falls well short of the pitch Evernorth made when it first announced the deal in October 2025, when it touted more than $1 billion in funding to buy XRP. The merger documents priced the token at $2.37 at signing, so by closing day XRP had lost roughly 40% of its value.
Evernorth spent roughly $947 million buying XRP in late October 2025, and by February that pile was worth about $446 million less than it paid. XRP hit an all-time high of $3.65 in July 2025; the $1.43 closing reference price sits about 61% below that peak.
Evernorth belongs to a crowded category known as digital asset treasuries, or DATs: public companies whose main business is holding a cryptocurrency and raising money to buy more of it. Strategy (formerly Microstrategy) pioneered the playbook with Bitcoin, and Evernorth says it is now the largest publicly traded company devoted to XRP.
The model runs on a ratio called mNAV, or market-to-net-asset value, which divides a company's stock market value by the value of the crypto it holds. Above 1, a DAT can sell new shares at a premium and buy more tokens; below 1, raising money means dilution, where each existing share ends up representing a smaller slice of the company.
About 80.3% of Armada's public shareholders, holding 18.5 million shares, chose redemption, the SPAC investor's right to hand shares back for cash from the trust. They took about $10.58 per share, pulling roughly $195 million out of the deal before it closed.
That exodus left only about 4.5 million original public shares, a tiny float (the pool of shares available for everyday trading) that lets small orders move the price wildly. Days after the redemption window shut, XRPN touched an intraday high of $53 on October 2 and closed that Friday at $39.42, before sliding to $17.09 on October 9, the day the merger closed. On its first day trading as Evernorth, the stock briefly jumped toward $19 before fading to $16.64 by midday Monday, according to Yahoo Finance data.
Tokyo-listed financial group SBI Holdings now controls 39.9% of Evernorth's voting shares, while the fund of Arrington Capital, which sponsored the SPAC, holds 19.9%, and Ripple co-founder Chris Larsen is tied to 9.9%, according to the filing. Ripple and its affiliates are capped at 9.9% of the voting power, and Ripple, a Larsen-linked trust and Arrington's fund signed six-month lock-ups that bar them from selling until April 2027.
Most of the treasury came from existing holders swapping tokens for stock. Arrington's fund contributed about 211 million XRP, Ripple handed over about 127 million, the Larsen-linked trust added 50 million, and roughly 84 million were bought at an average of $2.53 using $214 million in early funding.
Rather than simply sitting on its tokens like a passive fund, Evernorth plans to earn yield through DeFi, or decentralized finance, apps that lend and trade crypto without a bank in the middle, and to run validators, the computers that confirm transactions on the XRP Ledger, all aimed at growing the amount of XRP behind each share.
On Monday, the company named Hugo Jeandesboz, formerly co-chief investment officer at Coinbase Asset Management, to run that strategy. Michael Arrington said in the merger announcement that Evernorth brings “scaled capital, active participation and the standards of a public company” to the institutional build-out of XRP's infrastructure.
Evernorth plans to celebrate the listing by ringing Nasdaq's ceremonial closing bell on Wednesday, October 14, two days after its shares began trading. Alongside the stock, its warrants, which give holders the right to buy shares at $11.50 each, now trade under the separate ticker XRPNW.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40 and briefly touched a $1.32 price low. The gap keeps the key question in focus: can concentrated fund demand defend the $1.32-$1.38 support zone, or must XRP reclaim $1.50-$1.56 before its short-term trend improves?
Bitwise supplied $10.55 million of the weekly total, nearly carrying the market-wide result by itself. Franklin Templeton’s XRPZ added $4.10 million, while Canary Capital’s XRPC recorded a $3.34 million outflow; three of the five sessions had no net flow.
Excluding Bitwise, the other funds combined added only about $760,000 net. That is the material qualification to the 12-week streak: inflows have persisted, but last week’s figures do not show evenly distributed demand across issuers. Upcoming weekly totals will test whether buying broadens or the streak remains dependent on one large fund.
ETF net assets are at about $1.57 billion, against roughly $1.8 billion in cumulative inflows since launch. The resulting gap of around $230 million is a rough mark-to-market indicator.
The contrast with other crypto funds is notable. U.S. bitcoin funds shed $681 million over the same week, while XRP was the only one of the cited bitcoin, ether, solana, and XRP fund groups to finish with net inflows. That relative resilience is real, but the single-week comparison does not establish that ETF demand can absorb continued selling in the spot market.
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Can Buyers Defend XRP $1.32-$1.38 Price Support Zone?XRP opened the week near $1.52, ended Friday around $1.40, and touched $1.32 on October 8. The close-to-close decline is at 7.3%, as the price action erased a meaningful part of the preceding level.
The $1.32-$1.38 area is the immediate support test. Holding it while ETF flows stay positive would be consistent with dip buying, but one bounce would not confirm a durable floor; a break below the zone would show that inflows have not prevented further technical deterioration.
On the upside, the primary-source levels place resistance at $1.50-$1.56. A sustained reclaim of that band, rather than a brief intraday move into it, would provide stronger evidence that the short-term trend is improving. Until then, ETF inflows are a supportive flow signal, not confirmation of a price reversal.
A separate XRP support-level assessment also examines downside scenarios around the current price area.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Evernorth Adds Another XRP VehicleEvernorth’s XRPN began trading on Nasdaq on Monday, October 12, adding another listed route to XRP exposure. The primary report says the vehicle holds about 473 million XRP, but its immediate effect on spot demand or price is not established.
The Nasdaq building in New York City. – Photo: John A. Montgomery / CC BY-SA 2.0That distinction matters for the XRP price outlook. If the token holds support and ETF flows remain positive across more issuers, the case for accumulation on weakness strengthens; if support fails or flows narrow further, the 12-week streak will offer little proof of a reliable floor.
A sustained move back through $1.50-$1.56 remains the clearest stated threshold for short-term trend improvement, while Evernorth’s XRP exposure is a potential demand factor whose market impact still needs to be demonstrated.
Evernorth Holdings started its life as a public company on a positive note. Shares of the XRP-focused treasury firm rose 5% on their Nasdaq debut on October 12, 2026, trading under the ticker XRPN.
The debut makes Evernorth what its backers describe as the first dedicated public vehicle built around XRP. Investors who want exposure to the token without dealing with wallets, keys or exchanges now have a stock to buy instead.
A volatile first day of trading
The opening pop was only part of the story. At its intraday high, the stock climbed as much as 13.43% above its starting level.
That enthusiasm cooled as the session went on. Shares ultimately closed about 1.5% higher, a far more modest result than the morning peak suggested.
Evernorth reached the market through a merger with Armada Acquisition Corp. II, a special purpose acquisition company. A SPAC is essentially a shell company that raises money first and finds a business to merge with later, giving that business a faster path to a public listing than a traditional IPO.
The listing was originally slated for October 8 but slipped because of administrative issues. Shareholders eventually signed off on the deal, and the merger closed on October 9. Trading began three days later.
The company has more ceremony ahead. Evernorth plans to ring the Nasdaq closing bell on October 14, 2026.
What Evernorth actually owns
Strip away the stock ticker and Evernorth is mostly a very large pile of XRP. At the close of the merger, the company held approximately 473 million XRP.
At a price of $1.39 per token, that stash was valued at roughly $657 million. The firm also had around $300 million in gross cash proceeds before expenses.
Evernorth says its goal is to increase the amount of XRP backing each share over time, rather than simply sitting on the tokens. To get there, the company plans to lean on several strategies: decentralized finance yield strategies, liquidity management, participation in the XRP ecosystem, and capital markets activity.
The people and money behind it
Evernorth named Hugo Jeandesboz as chief investment officer on the same day the stock began trading. He previously served as co-CIO of Coinbase Asset Management.
The list of backers includes Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken and GSR.
What this means for investors and the market
The clearest impact is on access. Some investors, including certain funds and retirement accounts, cannot easily hold crypto directly but can buy Nasdaq-listed shares. Public companies have to file financial reports, which gives shareholders a clearer view of holdings than many crypto-native structures provide.
The trade-off is that a stock is not the token. XRPN shares can trade above or below the value of the XRP the company holds. DeFi yield can boost returns, but it introduces smart contract and counterparty exposure that a simple holding strategy avoids.
For now, the key metrics to monitor are straightforward. Watch how XRPN trades relative to the value of its roughly 473 million XRP, how the $300 million in cash gets deployed, and whether Jeandesboz’s team can show measurable progress on the XRP-per-share goal.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
--The biggest crypto news this week for presale buyers comes from Pepeto, which has announced its presale raised $11.219 million from more than 43,000 holders. Crypto News: XRP Price Prediction Meets Trump's Market Boost as Pepeto Passes $11.2 Million. We are bullish, and our target is $27.
DUBAI, United Arab Emirates, Oct. 12, 2026 (GLOBE NEWSWIRE) -- The biggest crypto news this week for presale buyers comes from Pepeto, which has announced its presale raised $11.219 million from more than 43,000 holders. That many people putting in that much money during a red market cannot all be wrong, and it is the clearest proof of demand a new project can show. The bigger story: XRP whales are among those buyers, and their size shows they know what is next.
Before we explain what they see, we check the XRP price, our XRP price prediction, plus Trump's newest moves, because together they show a market about to turn.
Crypto News: XRP Price Prediction Meets Trump's Market Boost as Pepeto Passes $11.2 Million
XRP holders are the largest group of new buyers. Why would someone with millions in XRP buy a presale?
Our XRP price prediction explains most of it. We are bullish, and our target is $27. Analyst EGRAG CRYPTO put that number on the 3 day chart on September 30 per Coin Turk, based on a trend line from the 2014 low and the 444 week moving average just under the XRP price, two supports seen before every big XRP rally. The XRP price is $1.40 per U.Today, off last month's highs but far above August's $1.03, and XRP ETFs just logged a 13th straight week of inflows per CaptainAltcoin, so $27 is about 19x. Washington adds fuel. On October 9, Trump pledged no strike on Iran before the midterms, and Bitcoin jumped from $80,400 to $82,600 in hours per CoinDesk, while his SEC chair Paul Atkins proposed rules on October 1 letting funds hold crypto per the SEC. The White House is building the next bull run, and no XRP whale wants to wait years in an $84 billion coin for 19x.
There is a deeper reason. The people who got rich from XRP caught its 2017 run from $0.006 to $3.84 per CoinMarketCap, above 60,000%, and that worked only because they were early.
Those investors want no more long waits. They know the rule: find the next early entry. In 2026, one name keeps appearing in crypto news wherever they look: Pepeto.
What XRP Whales See in Pepeto After the $11.2 Million Milestone
So what is Pepeto, and why is it next to XRP in this crypto news article? Because XRP whales keep choosing it. Pepeto is a meme coin on Ethereum from the original PEPE co-founder, whose last coin reached $11 billion, and it is the most talked about presale of 2026: $11.219 million raised in a red market, 43,000 holders, stages selling out in days, and a live CoinMarketCap page, the kind seen before a major listing. The energy looks just like the weeks before crypto's biggest runs, which is why smart money is already here.
What makes it rare is one token holding all three things behind those runs. It is a presale, and presales have paid 20x to 100x at listing every cycle. It is a meme coin, the category that took Dogecoin from $0.002 to $0.73 in 2021 per CoinGecko, $1,000 into $365,000. And it is an exchange token, with a zero fee exchange and a bridge linking Ethereum, BNB Chain and Solana built, plus 168% APY staking. No project has ever offered all three at once. Rounds close in days, not weeks, and 43,000 holders prove smart money has figured it out, with XRP whales simply first.
Conclusion
This week's crypto news gives one lesson: in crypto, early is everything. Our XRP price prediction is strong, and a $27 XRP price can happen, but it takes years and many things must go right, and nobody who bought XRP after its early run got rich.
Trump is lifting the market and his SEC is opening the door for big money, a bull run may come sooner than most think, and bull runs are short and rare. So one choice in the coming weeks could mean freedom, or lifelong regret.
Pepeto makes that choice simple. One buy gives you presale pricing, meme coin hype and exchange token utility together, a mix that could change every market rule. You can still get in at presale prices, but with 43,000 holders already in, not for long.
For more information about Pepeto (PEPETO): Website: Official Pepeto Website
FAQs
What is the XRP price prediction for 2026?
Our XRP price prediction is $27, about 19x from today's XRP price of $1.40, with Trump lifting the market. But 19x over years is the ceiling for an $84 billion coin, and XRP whales know the real money was made before XRP reached $1.
Why are XRP whales buying the Pepeto presale?
Because Pepeto is the presale, the meme coin and the exchange token in one buy, the three things behind every giant crypto run, and 43,000 holders already put $11.219 million behind it. The whales buying now are doing what early XRP buyers did in 2017: getting in first.
Disclaimer*: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.*
MEDIA CONTACT
Contact: Dani Bonocci
Email: [email protected]
Website: https://pepetocoin.com/
Phone: +971586738991
Pepeto Finishes a Major Security Upgrade as Our XRP Price Prediction Targets $27 and Trump Lifts the Market
Pepeto Finishes a Major Security Upgrade as Our XRP Price Prediction Targets $27 and Trump Lifts the Market Source: Pepeto
Global banking relies on a universal messaging system to move value across borders. Crypto analyst SMQKE recently provided a detailed overview outlining how this standardized messaging protocol interfaces directly with XRP to facilitate international payments.
The standard behind every bank transactionISO 20022 stands as the primary messaging language for financial transactions worldwide, covering payments, securities, trade finance, and foreign exchange. While ISO 20022 conveys instructions and transaction details, the actual funds transfer occurs on a separate infrastructure. Distinguishing between the messaging and settlement layers is critical to understanding XRP’s utility in the evolving payments ecosystem.
SMQKE explained that Ripple’s payment technology is rooted in ISO 20022, leveraging the pacs.008 message format as its core. When a bank initiates a standard ISO 20022 instruction, Ripple’s network processes the message and settles the value using XRP within seconds. The destination bank then completes the payout in local currency.
Ripple’s network reads ISO 20022 instructions from banks, and XRP settles the value between two currencies in seconds, allowing local currency payouts by the receiving institution while streamlining global transfers through a standardized protocol.
Ripple’s role within the ISO 20022 systemRipple joined the ISO 20022 standards committee early and has since ensured its technology fully aligns with global banking infrastructure. This membership positioned Ripple among those shaping international payments protocols, giving banks the ability to access Ripple’s settlement network without overhauling their own messaging systems.
A primary advantage, as highlighted by SMQKE, centers on eliminating the need for banks to pre-fund Nostro accounts in multiple jurisdictions. By leveraging XRP as a bridge asset, transactions settle in seconds instead of days, and significant capital no longer sits idle in foreign currencies.
The evolution of real-time transaction monitoring also means banks and traders need rapid access to both market data and messaging flows. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users have access to real-time charts, smart price alerts, coin-specific news, and macroeconomic data in a single interface.
Standard Chartered highlights opportunitiesStandard Chartered has noted that ISO 20022 “can bridge traditional and decentralized finance.” In documentation shared by the bank, XRP is directly referenced as one of the coin providers supporting this integration. This establishes a recognized link between the ISO 20022 standard and XRP’s role as a settlement asset within global payment workflows.
Standard Chartered described ISO 20022 as capable of connecting traditional and decentralized finance, highlighting XRP’s documented role as a coin provider that supports regulated settlement between banks.
SMQKE emphasized that XRP’s place in the current framework was intentional, representing Ripple’s long-term alignment with the messaging protocol that underpins international financial communication.
Regulatory perspective and complianceRipple’s infrastructure is designed to comply with financial regulations, integrating ISO 20022 messaging with digital asset settlement through XRP. This combination enables banks to process cross-border transactions using digital assets while remaining within existing regulatory boundaries.
Evernorth debuted on Nasdaq under XRPN on October 12, with shares briefly gaining 13.43%.
Early gains faded as XRPN stock experienced volatile trading during its first session.
Evernorth entered public markets holding approximately 473 million XRP, valued at roughly $657 million.
The company reported around $300 million in gross cash proceeds following its completed SPAC merger.
Former Coinbase investment executive Hugo Jeandesboz will lead Evernorth’s active XRP treasury strategy.
Evernorth Holdings began trading on Nasdaq on October 12, giving investors a new way to follow XRP through shares. XRPN stock gained about 5% during its debut and briefly advanced 13.43% before losing most of that increase.
Armada Acquisition Corp. II, XRPN
The session brought Evernorth into public markets after a completed merger. Unlike direct XRP ownership, its shares represent a stake in a company that holds and manages the cryptocurrency.
XRPN Stock Pulls Back After Early Jump
Trading turned uneven after the advance. Reports showed the shares about 1.5% higher later in the session, although that figure did not establish the final closing price. The wide swing showed how quickly trading levels changed.
The listing followed Evernorth’s merger with Armada Acquisition Corp. II, a special purpose acquisition company. Shareholders approved the transaction on September 30. An administrative delay to the Nasdaq debut moved trading from October 8 to October 12. The companies completed their merger on October 9.
Evernorth Begins With 473 Million XRP
At closing, Evernorth held approximately 473 million XRP. At $1.39 per token, those holdings were worth about $657 million. The company reported nearly $300 million in gross cash proceeds before expenses, according to its October 9 announcement.
Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken and GSR supported the transaction. Evernorth says it will pursue lending, liquidity provision and other market strategies to increase XRP held per share, rather than simply retaining its existing holdings.
The launch also follows recent selling pressure across XRP markets. XRP traded near $1.46 last week as derivatives traders weighed short positions. XRP price changes can also affect XRPN stock through the market value of Evernorth’s treasury.
New Investment Access Comes With Risks
Evernorth appointed Hugo Jeandesboz as chief investment officer on October 12. The former Coinbase Asset Management co-chief investment officer will oversee treasury allocation, liquidity and active management alongside the company’s leadership.
The listing gives stock investors XRP exposure without requiring cryptocurrency wallets. However, XRPN stock can trade above or below the value of the underlying assets. The recent XRP Ledger security disclosure also drew attention to network risks; developers patched the flaw before publication and reported no known exploitation.
Evernorth expects to ring Nasdaq’s closing bell on October 14. Future company reports should show how it allocates cash, manages risk, and measures its goal of increasing XRP per share.
Evernorth Holdings made its Nasdaq debut under the XRPN ticker on Monday, October 12, in a session marked by significant price swings. The stock opened at $16.68, climbed to $19.39—around 13.5% higher than Friday’s closing price—but quickly reversed these gains, retreating to near $17 as midday trading progressed.
Evernorth Completes Armada MergerThe listing followed Evernorth’s completed merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC). Friday’s $17.09 closing price for Armada’s shares offered the closest comparison for XRPN’s initial value, as XRPN was previously traded under the Armada ticker before the merger was finalized.
Early market action reflected buying interest driven by the fresh listing, but shares soon faced selling pressure near the $19.39 mark. According to official notices from Nasdaq, Armada securities were suspended on October 12 and replaced by Evernorth shares trading under the XRPN symbol. At the same time, warrants began trading as XRPNW.
The debut, initially planned for October 8, was postponed due to administrative delays, which shifted the listing and merger closing into the second week of October.
Analysts noted that XRPN’s performance on day one was affected both by new investor demand and the volatile price history of Armada shares prior to the transaction. For this reason, Evernorth’s observed price action may not fully represent current investor sentiment toward the newly merged company.
Treasury of 473 Million XRP and Institutional BackersFollowing the business combination on October 9, Evernorth reported holding approximately 473 million XRP and gross cash proceeds of $300 million before transaction costs, marking one of the largest publicly traded XRP treasuries in the US market.
Key institutional shareholders of Evernorth include Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken, and GSR. The company clarified that the entire 473 million XRP treasury was assembled prior to the listing and was not acquired on market during the debut session.
Unlike a traditional spot XRP exchange-traded fund (ETF), Evernorth intends to put its digital asset holdings to work by deploying XRP in institutional lending, liquidity provision, and other strategies designed to maximize the number of XRP per share.
This approach offers potential opportunities for income generation; however, it also introduces market, counterparty, and operational risks. Investors purchasing XRPN shares own equity in the company itself, not direct claims to XRP tokens that can be redeemed individually.
Mini dictionary: SPAC (Special Purpose Acquisition Company), a publicly traded company designed to merge with or acquire another business, allowing that business to go public more quickly and efficiently than a traditional IPO.
CompanyXRP HoldingsGross Cash ProceedsMain ShareholdersEvernorth473 million$300 millionRipple, SBI Group, Arrington, Pantera, Kraken, GSRUnlike a conventional spot XRP ETF, Evernorth will actively deploy cryptocurrency holdings through institutional lending, liquidity provision, and other strategies designed to increase XRP per share.
Leadership and OutlookEvernorth has appointed Hugo Jeandesboz, previously of Coinbase Asset Management, as its chief investment officer. The move strengthens the company’s executive team as it prepares to manage one of the largest XRP holdings accessible to public investors.
Evernorth is scheduled to ring the Nasdaq closing bell on October 14, marking the official celebration of its public debut. In the coming sessions, market observers will track whether XRPN’s price stabilizes after its volatile opening days and how the company’s market capitalization aligns with the value of its XRP treasury and other net assets.
Investors purchasing XRPN shares own company equity, rather than holding or redeeming individual XRP tokens directly.
At 13:35 UTC on October 12, 2026, SynFutures told users on Blast to withdraw their funds to Ethereum mainnet before October 26. The protocol said anyone with a valid SynFutures balance should act before that date following Blast’s shutdown announcement.
The notice applies directly to balances held through SynFutures on Blast. Users with a $USDB balance will see a withdrawal prompt in the SynFutures portfolio interface. SynFutures directed them to open the portfolio page, choose the withdrawal control and confirm the pop-up for their Blast balance. The protocol asked users who encounter problems to contact its team by direct message.
The normal withdrawal route has an end date
Blast announced its wind-down on October 2. The L2 said its operating costs exceed the revenue the network produces and that it sees no credible route to economic sustainability. Blast asked users to move assets to Ethereum mainnet, including balances in the Blast progressive web app.
The October 26 date separates two withdrawal methods. Until then, Blast says users can withdraw through its normal interface. Assets will remain recoverable after the deadline, but holders will have to interact directly with Blast bridge contracts on Ethereum L1. Blast said it would publish instructions for that contract route before the interface deadline.
SynFutures has adopted the earlier date as its own user-facing cutoff. Its notice does not say that a balance disappears on October 26. It says users should withdraw before Blast shuts down and repeats the deadline for anyone still holding funds on SynFutures. The practical change after that date is the route available to the holder. The standard Blast interface will no longer be the withdrawal path described by Blast.
Blast also said it would reduce its withdrawal delay to 24 hours. That shorter delay is part of the shutdown process rather than an assurance that withdrawals are continuously available. The network first plans to withdraw its Lido assets, a process it expects to take approximately one week. Blast said withdrawals would be temporarily unavailable during that work even after the delay was reduced. Withdrawals are supposed to resume with the new 24-hour delay once the Lido process finishes.
This sequence gives SynFutures users two timing constraints. They need the withdrawal service to be available, and they need enough time for the reduced delay to run before the normal-interface deadline. SynFutures did not state a final initiation time that guarantees completion before October 26. A user waiting until the last day could therefore face timing or availability risk that the two official notices do not resolve.
The notices also separate protocol access from chain access. SynFutures controls the portfolio prompt described to its users. Blast controls the normal network withdrawal interface and is managing the Lido asset process that can pause withdrawals. Ethereum L1 is the settlement destination and becomes the location for direct bridge-contract interaction after the deadline. A successful prompt inside SynFutures is therefore only the start of the route described by the teams. Users still need the Blast withdrawal path to be available and the resulting transfer to complete.
Blast did not give a precise start or finish time for the temporary pause in its shutdown post. It provided an expected duration for the Lido work and said service would resume afterward. SynFutures did not say whether its prompt remains visible during that pause. That gap makes early initiation more practical than treating October 26 as the first day to act.
What SynFutures users need to check
The SynFutures flow begins inside the protocol rather than at the Blast bridge. The instructions for $USDB holders say the portfolio page will display a prompt when the account has a balance eligible for withdrawal. The user then selects the withdrawal button and receives a pop-up for the Blast balance.
The wording matters for accounts with several positions or asset types. SynFutures refers to a valid balance in its first notice and specifically names $USDB in the step-by-step post. It does not list every supported asset, describe how open positions are treated or say whether a user must close positions before the prompt appears. Holders should verify what the portfolio page recognizes rather than assuming every Blast asset follows the $USDB flow.
Users should also distinguish the SynFutures prompt from the later bridge-contract procedure. SynFutures describes a portfolio withdrawal before the deadline. Blast describes direct interaction with Ethereum L1 bridge contracts after the deadline. Neither statement says that SynFutures will provide a separate interface for the post-deadline contract route.
The destination is Ethereum mainnet. SynFutures tells users to withdraw there, and Blast makes the same request for assets across its network and progressive web app. The official notices do not describe transfers to another L2 or an exchange as part of the shutdown process. They also do not promise reimbursement for an incorrect destination or an uncompleted transaction.
Operationally, a holder should confirm that the account shown in the SynFutures portfolio is the account holding the Blast balance, read the amount in the withdrawal prompt and retain the resulting transaction record. Those checks do not change the protocol flow, but they establish whether the withdrawal was initiated before the interface changes. Any unexpected prompt, destination or request for credentials should be treated cautiously. Blast separately warned users about impersonation accounts and identified @BLAST as its official X account.
What remains unresolved
SynFutures has not published a contract address, transaction-level guide or fallback procedure for balances that remain in the protocol after October 26. Its final reminder directs users with problems to contact the team and again asks them to withdraw before the shutdown date.
Blast’s promised instructions for direct contract withdrawals are therefore the next operational document to watch. Those instructions need to identify the Ethereum contracts, the transaction sequence and the way users prove or select balances after the normal interface closes. Until Blast publishes them, the official path with the clearest steps is the SynFutures portfolio withdrawal before October 26.
Ethereum price has recovered toward $2,530 after last week’s slide, but resistance around $2,560–$2,575 stands between its rebound and a possible return to $2,700.
Summary
Ethereum price traded near $2,530, below its daily 20-day and 50-day moving averages.
US spot Ethereum ETFs recorded $542.2 million in net outflows during Oct. 5–9.
Analysts Ted Pillows and Michaël van de Poppe identified $2,560–$2,575 as an important recovery zone.
CoinGlass showed large overhead liquidation concentrations near $2,585, $2,635–$2,640, and $2,740.
TradingView’s Binance ETH/USDT daily chart placed Ethereum at $2,529.47 on Oct. 12, following a sharp retreat from the $2,700 region earlier in the month. Ether had rebounded from a low around $2,410 during the sell-off, although the recovery remained below two nearby daily moving averages.
The daily chart recorded a session high of $2,579.88 before ETH slipped back toward $2,530. The move briefly carried Ethereum into the resistance area identified by analysts, but the price had not held above that zone.
Ethereum faces resistance between $2,558 and $2,640
On TradingView’s daily chart, Ethereum’s 50-day simple moving average stood at $2,558.10, roughly 1.1% above the displayed price. The 20-day average was higher at $2,640.41, placing a second technical hurdle above the immediate resistance band.
Ethereum price daily chart — Oct. 12 | Source: TradingView
Ethereum’s retreat below both averages followed its failure to sustain the late-September advance toward $2,800. The latest rebound had brought the price back toward the 50-day line, while the shorter 20-day average remained above it.
The daily chart also showed Ethereum trading above its 100-day moving average at $2,240.06 and its 200-day average at $2,137.27. Those longer averages sit well beneath the recent trading range, with the nearer $2,500 and $2,400 areas coming first on the downside.
The Aroon indicator showed its down line at 71.43% and its up line at 28.57%. The higher down reading reflected the more recent prominence of a daily low within the indicator’s lookback period, despite Ethereum’s bounce from last week’s trough.
For an upside recovery, the daily chart places the first moving-average barrier near $2,558, followed by $2,640. Beyond those levels, the recent trading area around $2,700 and the September peak near $2,800 remain overhead reference points.
The 4-hour rebound loses strength below $2,560
TradingView’s 4-hour chart placed ETH at $2,526.68, above the Bollinger Bands’ middle line at $2,513.88. The upper band stood at $2,559.97, while the lower band was at $2,467.78.
Ethereum price 4-hour chart — Oct. 12 | Source: TradingView
The upper band closely matched the daily 50-day moving average, putting two separate technical readings around $2,558–$2,560. Ethereum’s rebound approached that area before pulling back toward the middle of the bands.
The 4-hour relative strength index stood at 46.71, compared with its smoothing average of 45.65. RSI had recovered from the oversold region reached during the sell-off, but remained below the neutral 50 mark.
Price action on the same chart showed Ethereum rebuilding from approximately $2,410, consolidating around $2,480–$2,510 and then advancing toward $2,570. The subsequent retreat left ETH above the Bollinger middle line but below the upper band.
The nearby downside references are therefore $2,514 and the psychological $2,500 level, followed by the lower band around $2,468. A deeper decline would bring the recent low near $2,410 and the $2,400 area back into focus.
Analysts put the recovery threshold near $2,575
Analyst Ted Pillows identified $2,560–$2,570 as Ethereum’s immediate resistance zone in an Oct. 12 post. He said reclaiming that range could open the way for a rally toward $2,700.
His assessment followed an earlier move above $2,550. The later TradingView readings near $2,530 showed Ethereum had pulled back below that level after testing higher prices.
Michaël van de Poppe set a slightly higher threshold in an Oct. 11 post, saying he wanted to see a strong breakout above $2,575. He described Ethereum as remaining beneath important resistance and said more strength was needed.
I'd prefer to see a strong breakout above $2,575 for $ETH.
It's currently remaining quite calm and under critical resistances.
Overall, my expectations are that this will outperform #Bitcoin for the coming period, but we need to see a little bit more strength. pic.twitter.com/mKOfKAMwx8
— Michaël van de Poppe (@CryptoMichNL) October 11, 2026
Van de Poppe also said he expected Ethereum to outperform Bitcoin in the coming period. His outlook remained a forecast, with a stronger ETH breakout forming part of the confirmation he wanted to see.
Together, the analysts’ levels place the immediate recovery test between $2,560 and $2,575. Ted Pillows’ $2,700 scenario depends on Ethereum reclaiming resistance, while the latest chart readings show that test remains unresolved.
ETF withdrawals accompany overhead liquidation clusters
Farside Investors recorded $542.2 million in net withdrawals from US spot Ethereum ETFs during Oct. 5–9. Its daily figures showed nine consecutive negative sessions from Sep. 29 through Oct. 9, totaling $697.4 million.
The largest withdrawal last week came on Oct. 6, when the funds lost $201.9 million, entirely from BlackRock’s ETHA. Another $160.9 million left on Oct. 7, followed by $72.5 million on Oct. 8 and $56.1 million on Oct. 9, according to Farside.
CoinGlass’s one-week liquidation heatmap showed several concentrated bands above Ethereum’s latest price. Prominent areas appeared near $2,585 and $2,635–$2,640, with another large concentration around $2,740.
Ethereum liquidation heatmap | Source: CoinGlass
The closest of those bands sits just above the $2,560–$2,575 resistance range identified by the analysts. The concentration near $2,640 also aligns closely with Ethereum’s daily 20-day moving average.
Below the market, CoinGlass showed liquidation bands around $2,480, $2,450–$2,470, and $2,400. Ethereum’s recent trough reached the lower end of that structure before the rebound.
Ethereum now trades between nearby support around $2,500 and resistance around $2,560–$2,575. The daily moving averages, 4-hour Bollinger Bands, and analysts’ stated thresholds all place the first recovery hurdle within a narrow range above the latest price.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitmine Chairman Tom Lee said the next crypto bull market could be the largest on record, pointing to tokenization, generational wealth transfers, corporate treasury accumulation and growing demand linked to AI.
The outlook accompanied Bitmine’s Monday treasury update. The company added 12,532 ETH over the past week, bringing its holdings to 6,028,946 ETH, or approximately 4.9% of Ethereum’s circulating supply.
“Owing to the following factors, we see the potential for this to be the largest ever crypto bull market,” Lee said, identifying those four themes as potential drivers.
Lee argued that younger investors inheriting wealth are likely to have a greater appetite for crypto and equities. He expects that shift to have a larger effect on the coming cycle than it did during the 2019 to 2021 bull market.
He also pointed to digital asset treasury companies as a new source of supply absorption. Lee described their holdings as effectively permanent removals from the market, although corporate treasuries can sell assets and their strategies can change.
Bitmine said it has purchased ETH every week since launching its Ethereum treasury strategy on June 30, 2025. Its latest holdings leave it close to its target of accumulating 5% of the token’s supply.
Lee said the company had strengthened its position during the bear market and was positioned to outperform in a future rally. According to figures cited in the announcement, ETH declined 10% during the first nine months of 2026, while Bitmine’s common shares fell approximately 3%.
As of October 11, Bitmine reported $16.2 billion in combined crypto, cash, marketable securities and other investments. That included its ETH holdings, 214 BTC, $612 million in cash and marketable securities, a $180 million stake in Beast Industries and an $85 million stake in Eightco Holdings.
The company is also expanding staking operations through its Made in America Validator Network, or MAVAN. Bitmine said the platform, initially developed for its own treasury, now serves institutional investors, custodians and ecosystem partners.
Approximately 5.07 million ETH was staked as of October 11, representing 84% of its Ethereum holdings. At the yield cited in the announcement, Bitmine estimated annualized staking revenue of $336 million and projected approximately $400 million if its full treasury were staked.
Lee also highlighted Bitmine’s BMNP perpetual preferred stock, which carries a 9.5% rate. The shares last closed at $99.53, up approximately 24% from their $80 issuance price in June, according to the company.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Ethereum has seen its liquidity conditions on Binance increasingly weaken as its Liquidity Shock Z-Score has also dropped significantly to a multi-month low.
While the decline comes after several months of fluctuations in the indicator, the sharp drop seen recently has drawn attention from market analysts.
Binance Z-Score Falls to -1.00According to recent data from crypto analytics platform CryptoQuant, the Ethereum Binance Liquidity Shock Z-Score has fallen to about -1.00, its lowest reading in nearly seven months.
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The sharp drop in Ethereum's liquidity comes months after the indicator experienced consistent volatility, constantly fluctuating since the early months of 2026.
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Notably, it recorded higher positive readings early in the year before dropping sharply in February and has remained volatile since then.
Although the liquidity indicator gradually recovered and increased again during the summer, the indicator saw a sudden reversal in October, falling to its current level.
Following the decline, Ethereum liquidity activity on Binance is now below its usual level compared with the indicator's historical average.
What This Means for EthereumIt is important to note that the sharp drop in the liquidity level does not automatically mean that traders are exiting their positions or investors are selling their ETH.
Rather, this typically indicates that liquidity conditions have changed, without necessarily indicating which direction the price will move next.
While the indicator has also coincided with Ethereum's shrinking supply on exchanges, it appears that investors are moving their holdings out of exchanges into private wallets.
This could trigger upside momentum for Ethereum as it suggests that investors are moving their tokens to private wallets to hold for the longer term.
The Ethereum treasury company's weekly purchase shrank for a third straight week, while a lower ether price pulled its total holdings down to $16.2 billion.
Tom Lee's Bitmine closes in on 5% of ether's supply
Posted October 12, 2026 at 12:18 pm ET.
Bitmine Immersion Technologies (NYSE: BMNR) held 6,028,946 ETH as of Oct. 11, the Ethereum treasury company said in a press release on Monday. That stake works out to about 4.9% of ether’s 122.1 million supply, roughly 76,000 ETH below the 5% target Bitmine has chased since launching its ETH treasury strategy on June 30, 2025.
The firm added 12,532 ETH during the week. That compares with 15,112 ETH in its previous update and 17,362 ETH the week before that, making this the third consecutive week of smaller purchases.
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Holdings Dip to $16.2 Billion Bitmine valued its crypto, cash, marketable securities and “moonshot” stakes at $16.2 billion combined, compared with $17.4 billion a week earlier. Its ETH count grew, so the decline in part came from price declines: the company marked ether at $2,544, using Coinbase pricing, versus $2,726 in the prior update.
Outside of ether, Bitmine reported 214 bitcoin, a $180 million position in Beast Industries, an $85 million position in Eightco Holdings (NASDAQ: ORBS) and $612 million in cash and marketable securities. The Eightco stake had been listed at $117 million the week before.
Staked ETH sat at 5,067,309 tokens, the same figure Bitmine gave last week. Bitmine Chairman Tom Lee projected $400 million in annualized staking rewards once all of its ETH is staked, based on a 2.61% seven-day yield, against $336 million at the current level.
Lee Pitches a Coming Bull Market Lee used the release to argue that Bitmine is set up for a rally he expects. With the company close to its target, he said, “we believe the company is attractively positioned ahead of the coming crypto bull.” Pointing to tokenization, wealth transfer, digital asset treasuries holding supply off the market and AI, he added that “we see the potential for this to be the largest ever crypto bull market.”
He also said Bitmine’s shares fell 3% over the first nine months of 2026 while ether dropped 10%. BMNP, the 9.5% perpetual preferred stock Bitmine filed to offer in June, most recently closed at $99.53, up from its $80 issue price, according to the release.
In May, Lee said Bitmine might ease its ether purchases as it approached the 5% mark. For comparison, Bitmine reported buying 53,501 ETH in its Aug. 31 update.
Related Listen: How the New Ethlabs Plans to Make Ethereum More Intentional in Designing ETH
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.
ENS Labs has proposed to the ENS DAO that ENSv2 be activated on the Ethereum mainnet, a significant upgrade that would freeze all new .eth registrations on the original v1 registrar and redirect registrations to the new system. ENS, or Ethereum Name Service, enables users to register human-readable addresses for use on the Ethereum blockchain.
Details of the ENSv2 proposalENS founder Nick Johnson, who posts under the nickname nick.eth, submitted the executable proposal on the ENS governance forum on October 11. The plan consolidates 15 separate transactions from the DAO timelock into a single atomic transaction. This transaction removes all five controllers currently authorized to operate the v1 BaseRegistrar and reinstates only two: ETHRenewerV1 and a specialized Graveyard contract.
ETHRenewerV1 will manage renewals for names that are already reserved on the new v2 system, while the Graveyard contract will allow claims on expired names that have passed their grace period. Following these changes, registrar ownership is set to transfer to ETHRenewerV1, which cannot register new names or add new controllers. No voting date for the proposal has been set, and neither Tally nor Snapshot votes have been linked at this stage.
ENS (Ethereum Name Service) is a protocol that assigns readable names, such as ‘nft.eth’, to Ethereum blockchain addresses, simplifying crypto wallet usage for users and applications.
Impact on .eth name owners and registration processThe proposal clarified that existing .eth name owners are not required to take any action. According to the post, “If you own a .eth name and do nothing, it keeps working,” assuring users there is no migration deadline. Owners remain free to transfer their names to ENSv2 at any time using the ENS app.
However, names that have expired beyond their grace period will not be carried over and will be open for registration by any user on the new v2 system.
ENSv2 reduces the post-expiry grace period for names from 90 days to 28 days. To offset this change, each name’s v2 expiry date will be extended by 62 days, as indicated in the proposal.
VersionGrace period after expiryMigration policyv190 daysOptional, name remains validv228 days (+62 days added to expiry)Available for migration anytimeA brief pause in registrations is expected. Both v1 and v2 systems will be closed to new registrations during the transition, a window expected to last only a few hours.
Governance and control changesThe proposal outlines that only one of the five activation stages requires a DAO vote—the final step, which is for ENS Labs to renounce its administrator rights over the v2 contracts and transfer them to the DAO timelock. Before this, ENS Labs plans to update name reservations after the v1 freeze, open the v2 registrar for sign-ups, and route name lookups through v2. These interim steps are commitments by ENS Labs and do not form part of the onchain vote.
When the process is completed, ENSv2 will be controlled by the DAO just as v1 is now, with ENS Labs holding no special privileges in either system.
Registration fees on v2 will be directed to the DAO timelock, which has managed these contracts since their deployment.
Tradeoffs and reversibilityThe proposal acknowledges certain tradeoffs, such as the removal of an emergency override for v1 that previously allowed a designated controller to disable a registrar controller without requiring a vote. “The v1 freeze is reversible; migrating a name is not,” the proposal stressed. While the DAO could restore v1 controllers through another executable action, tokens already migrated to v2 cannot be returned to the older version.
The proposal explains that while freezing v1 could be undone, any migration of names to v2 is permanent.
ENS Labs originally proposed ENSv2 as a layer 2 solution in 2024. According to the latest update, the entire v2 contract set has now been deployed on the Ethereum mainnet.
Mini dictionary: DAO timelock, a smart contract mechanism that delays the execution of governance-approved transactions to provide transparency, allow for community review, or serve as a security measure.
Ethereum‘s liquidity on Binance has deteriorated significantly, with its Liquidity Shock Z-Score falling to -1.00, the lowest point recorded in nearly seven months.
Multi-month volatility leads to sharp dropCryptoQuant data shows that the Z-Score, which reflects liquidity conditions for Ethereum on Binance, has experienced several months of fluctuation throughout 2026. The indicator posted high positive readings early in the year before tumbling sharply in February and remaining unstable over the subsequent months.
After a partial recovery and increased readings over the summer, the Z-Score experienced a sudden reversal in October. This has now resulted in liquidity levels significantly below the historical average for Ethereum on Binance.
Market analysts emphasized that a sharp decline in liquidity does not necessarily signal traders closing their positions or a wave of selling by Ethereum investors. Instead, the indicator generally highlights changing liquidity conditions and does not point to a specific future price direction.
Rather than reflecting mass selling, the current low Z-Score indicates altered liquidity dynamics on Binance, with no clear implication for the immediate direction of Ethereum’s price.
Analysts further pointed out that unusual liquidity conditions often warrant close monitoring for rapid changes, especially given Ethereum’s historical volatility.
Investors transfer ETH to private walletsThe sudden drop in the Z-Score follows observations that Ethereum’s supply on centralized exchanges has shrunk notably. This pattern suggests holders are moving tokens away from trading platforms and into personal wallets, a trend that may foster stronger upward price momentum if coins become less readily available for trading.
Ethereum’s movement from exchanges to private wallets could indicate growing confidence among long-term holders, reducing immediate sell pressure and possibly setting the stage for renewed demand.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, investors have increasingly turned to unified platforms for more efficient market monitoring. Smart traders are utilizing privacy-first tools like CryptoAppsy to consolidate real-time charts, coin-specific news, portfolio tracking, and macroeconomic data in one interface—all without the need for an account. This approach aims to minimize missed opportunities caused by switching between multiple applications.
BMNR stock declined to $23.85 despite Bitmine acquiring another 12,532 ETH during the previous week. Bitmine’s Ethereum holdings reached 6,028,946 tokens, worth approximately $15.3 billion at its reported reference price. The company now controls roughly 4.9% of Ethereum’s stated supply, approaching its 5% accumulation target. Ethereum fell 1.5% to $2,505.74 as broader market weakness continued during Monday’s session. Bitmine reported more than 5 million staked ETH, with estimated annual staking revenue reaching $336 million. Bitmine Immersion Technologies added more Ethereum last week, but BMNR stock traded lower on Monday, October 12. Shares slipped to $23.85 as Ether also declined during the US session.
Bitmine Immersion Technologies, Inc., BMNR
The move followed an update showing that Bitmine now holds more than six million ETH. The company remains close to its goal of controlling 5% of Ethereum’s supply.
BMNR Stock Slides Despite Fresh ETH Buying BMNR stock opened near $24.21 and traded between $23.78 and $24.43. At 17:30 UTC, it stood at $23.85, down roughly 0.75% from Friday’s close.
Trading volume reached approximately 11.7 million shares at that point, below the reported average of 38.4 million. Its market value stood near $14.4 billion.
The decline came despite another weekly purchase. Bitmine said it acquired 12,532 ETH, continuing a buying program that started in June 2025.
Bitmine Ethereum Holdings Reach 6.03 Million The latest purchase followed a 15,112 ETH acquisition reported the previous week. Bitmine’s October 12 disclosure put its total holdings at 6,028,946 ETH.
Using a Coinbase reference price of $2,544, the company valued its Ethereum position near $15.3 billion. Its combined crypto, cash, securities, and other investments totaled $16.2 billion.
That included $612 million in cash and marketable securities. The company also listed 214 Bitcoin, alongside investments in Beast Industries and Eightco Holdings, among its assets. Bitmine held roughly 4.9% of Ethereum’s stated 122.1 million supply, leaving approximately 76,054 ETH to reach 5%.
Ethereum Price Falls Alongside Shares Ether traded at $2,505.74 at 17:30 UTC, according to CoinGecko. It fell 1.5% over 24 hours, following a week marked by Ethereum ETF withdrawals.
The token traded between $2,502.70 and $2,575.42 over the preceding day. Its market capitalization stood around $305.82 billion, based on circulating supply data.
ETH also remained nearly 49.4% below its recorded $4,946.05 peak. Changes in the token price alter the market value of Bitmine’s Ethereum treasury.
Staked ETH Exceeds Five Million Tokens Bitmine reported 5,067,309 staked ETH as of October 11, about 84% of its position. Chairman Tom Lee estimated annualized staking revenue near $336 million.
A separate report on $542 million in weekly Ethereum ETF outflows described weaker fund demand through October 9. That activity does not establish why BMNR stock fell.
The company continues to target 5% ownership of Ethereum’s supply. Monday’s price snapshot and latest purchase report show separate developments, without proving a direct relationship.
Crypto Rover, a well-known cryptocurrency analyst and YouTuber, has outlined bold price targets for 19 digital assets, anticipating substantial gains across the sector within the next 6 to 12 months. His projections include major cryptocurrencies and several mid-cap altcoins, with some targets sitting multiple times higher than current prices.
Outlook for XRP and Major CryptocurrenciesXRP is currently priced at $1.40. Crypto Rover has identified a target range for XRP between $3.20 and $4.80. Achieving the lower end of this target would represent a 128% increase from the present level, while the upper end would mark a 243% surge. XRP recently dipped to $1.32 before recovering modestly from a recent high of $1.50, remaining near previous support levels. According to Rover, the asset has the potential to reach a new all-time high within the year.
XRP is positioned well for significant gains, with an anticipated target of $3.20 to $4.80 that could surpass its current price substantially.
Bitcoin trades at around $83,800 today. Rover estimates a price target for BTC of $120,000 to $145,000, representing gains of 43% to 73% from current prices. Ethereum is trading near $2,550, with a projected target between $6,000 and $8,000. To reach these levels, ETH would need to climb by 135% to 213%.
AssetCurrent PriceTarget RangePotential GainXRP$1.40$3.20 – $4.80128% – 243%Bitcoin (BTC)$83,800$120,000 – $145,00043% – 73%Ethereum (ETH)$2,550$6,000 – $8,000135% – 213%Solana (SOL)$112$400 – $700257% – 525%BNB$754$950 – $1,50026% – 99%Altcoin Targets and Market OpportunitiesRover’s forecasts extend to several mid-cap and smaller cryptocurrencies, revealing ambitious projections for each asset. Chainlink (LINK) is targeted at $280 to $450, while Zcash (ZEC) has a proposed range of $2,000 to $4,000. Quant (QNT) is forecasted at $550 to $900.
For up-and-coming tokens, Rover has set targets that imply sizable increases. Ondo (ONDO) could reach between $1.50 and $3.00, while Bittensor (TAO) carries a target of $900 to $1,500. Kaspa (KAS) is expected to be in the $0.15 to $0.25 range if his outlook is realized.
Mini dictionary: Bittensor (TAO), an artificial intelligence-focused blockchain protocol, incentivizes the development and exchange of AI models on a decentralized network through its native token, TAO.
Community Sentiment and Investment StrategyCrypto Rover stated that he is taking advantage of current market pullbacks to accumulate these assets, viewing price dips as opportunities rather than signs of risk. This approach reflects confidence in the potential for a broader market rally over the coming months.
While some analysts predict even higher valuations, the actual outcome will depend on market developments in the months ahead.
Many community members appear optimistic about the potential for these assets to outperform, with some suggesting that price targets could be exceeded if favorable conditions persist. Market participants emphasized the value of buying in during price weakness, aligning with Rover’s stated investment strategy.
Bitcoin fell back below $83,000 on Monday amid elevated Treasury yields, a stronger dollar and uncertainty ahead of the U.S. midterm elections.
Notable Statistics:
Coinglass data shows 88,688 traders were liquidated in the past 24 hours for $302.44 million.
SoSoValue data shows net inflows of $21.13 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $56.1 million.
In the past 24 hours, top losers include Starknet, Cosmos Hub and Aptos.
Notable Developments:
Ripple Faces Criticism Over $250,000 Reward for Finding Critical XRP FlawEthereum, XRP Could Drop Another 10% Before Real Relief, Trader WarnsCan the Midterms Trigger a Bitcoin Rally? 3 Factors Suggest YesStandard Chartered Launches RLUSD Custody as XRP Ledger Activity SurgesPeter Schiff ‘Surprised’ by Bitcoin’s Resilience but Expects New LowsBitcoin Will Hit $1M ‘Much Quicker’ Than Anticipated, Binance Founder PredictsBitmine Buys 12,532 More ETH as Tom Lee’s Buying ‘Stop’ Draws CloserStrategy Adds 250 Bitcoin: Can MSTR Break Through $160?Trader Notes:
On Scott Melker’s podcast , industry veterans Andy Constan, Dave Weisberger and Mike McGlone highlighted Bitcoin’s repeated failure to break above $86,000 to $87,000, suggesting further consolidation before a potential rally.
McGlone warned that elevated Treasury yields and a strong dollar remain major headwinds for Bitcoin and other non-yielding assets.
Constan argued that Treasury Secretary Scott Bessent’s efforts to contain long-term yields through bond buybacks and reduced long-term debt issuance could boost asset prices but fuel inflation.
He expects Bitcoin to trade sideways rather than stage an immediate explosive 10x rally as it evolves into a reliable store of value.
The panel also cited prediction markets pricing a 61% chance of a Democratic sweep of Congress, warning that Republican losses could complicate Trump’s crypto agenda and increase political gridlock.
Image: Shutterstock
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Dogecoin (CRYPTO: DOGE) has traded relatively flat over the past month but remains up 13.6% over the past three months, with traders identifying historical patterns that could signal a major breakout.
Despite a modest 1.8% price decline, Dogecoin saw $1.7 million in long liquidations on Oct. 12, the highest in three days, suggesting leveraged bullish traders faced renewed pressure.
Why $3.88 May Be a TargetProminent crypto trader DonWedge highlighted a recurring pattern on Dogecoin’s monthly chart, where previous resistance levels have consistently turned into support.
The trader identified three historical support shelves, noting that each former ceiling became the next floor without exception.
The meme coin is now trading near its newest support structure, which DonWedge compared to the 2021–2023 consolidation channel that preceded its previous major rally.
Based on this historical pattern, the trader projected a potential breakout target of $3.88, representing the next major price level in the long-term structure.
However, the bullish scenario depends on Dogecoin breaking out of its current channel. Losing the established support shelf would invalidate the setup.
Crypto trader Tardigrade noted Dogecoin’s pattern of establishing higher cyclical floors before major rallies, citing historical gains of 167x and 365x.
Will An Altcoin Rally Could FollowCrypto analyst Sweep sees Dogecoin having reclaimed a key support zone, a development that preceded rallies exceeding 15% on the previous two occasions.
Sweep also highlighted Dogecoin’s historical role as an early indicator of altcoin season, suggesting renewed strength could signal broader cryptocurrency market momentum.
A sustained rebound could therefore have implications beyond DOGE, particularly if speculative capital begins rotating into other altcoins.
Image: Shutterstock
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Cardano is drawing renewed attention, driven by a surge in large-holder activity and rising price volatility across the crypto market. ADA is trading near $0.25, with technical analysts highlighting a decisive price region between $0.31 and $0.32 as critical for confirming a sustained recovery. For now, buyers are focusing on defending support levels in the $0.22 to $0.25 range to keep upside targets intact.
Technical hurdles define next ADA trendADA has rebounded sharply from lows around $0.14-$0.15 and has re-entered a trend channel that acted as resistance until November 2024. However, Cardano does not yet show clear bullish dominance. According to Trend Rider, a weekly close above $0.323 is necessary for ADA to exit the bearish trend channel and confirm momentum has shifted in favor of the bulls. Until that technical level is reached, the price remains exposed to possible rejection at resistance.
On the downside, losing support near $0.22 would weaken the recovery and could shift focus to $0.18, with a larger $0.14 region as the next major test if selling accelerates. For traders, $0.323 marks the key upside trigger, while $0.22 is the first critical risk zone for the current structure.
Cardano price is at a crossroads, facing strong resistance at $0.31-$0.32 while sustained support above $0.22 remains critical for maintaining its recovery outlook.
Resistance levels, trendlines, and market structureADA’s technical setup has improved after breaking above a descending trendline and reclaiming the bull market support band. With these moves, ADA is no longer just rebounding from former lows, but also attempting to build support around $0.25. The bull market support band currently clusters in the low $0.22 region, overlapping both horizontal and trendline support, forming an important short-term base for buyers.
To the upside, initial resistance appears at $0.3136, with further targets at $0.3825 and $0.4488 contingent on a breakout. For the long term, ADA must first convert $0.31-$0.32 into clear support to lend credibility to higher price targets, including $0.70 and beyond, as various analysts note.
Whale activity and wallet concentration on the riseOn-chain activity shows that 157 Cardano whale transactions, each exceeding $100,000, have taken place in recent days, marking the highest count since June. Social dominance for ADA also climbed to a high of 1.16% in 2026, according to Santiment, highlighting rising interest alongside this increase in whale trades.
Meanwhile, data from konnektr points to an accumulation trend among major holders, as wallets with over 1 million ADA continue to grow their collective balances while the total number of such wallets declines. This suggests greater coin concentration in fewer hands. In contrast, smaller wallets holding under 100 ADA are increasing in number but have seen their combined holdings decrease, creating a widening gap between large and small market participants.
If ADA can hold above $0.25-$0.27, this on-chain dynamic may set a constructive backdrop ahead of the next breakout attempt. Increased whale flows and growing concentration among larger wallets indicate building momentum, which could be key for a move beyond $0.32.
Altcoin market volatility shapes ADA’s pathwayThe opening weeks of October have seen heightened volatility in both Bitcoin and Ethereum, yet neither asset has committed to a clear new trend. This broader uncertainty is putting pressure on altcoins such as Cardano, where breakouts remain tied to the performance of overall crypto leaders. If Bitcoin and Ethereum begin trending more decisively, ADA could receive the tailwind needed for a breakout above its key resistance range.
Technical structure is also being closely watched, as ADA’s recovery from the $0.20-$0.25 area mirrors portions of its 2020 bull market cycle. Analyst Jesse Peralta has drawn parallels with historic cycles, focusing on $0.70 as the next major milestone if current supports hold. Beyond that, $1.90 remains a distant target, predicated on buyers successfully defending subsequent retracement levels around $0.55 after a breakout.
History may not repeat exactly, but ADA’s current buildup and whale accumulation call back to earlier cycles, with $0.70 and $1.90 representing significant future objectives once resistance at $0.31-$0.32 is cleared.
In a market where a single Federal Reserve decision or a new altcoin listing can rapidly shift prices, technical and on-chain factors alone are not always enough. Many traders have begun adopting privacy-first tools such as CryptoAppsy, which combine live charts, real-time price alerts, relevant news, and macroeconomic data into a single interface. This consolidation helps eliminate the need to switch between multiple apps, allowing for quicker reactions and potentially better trading outcomes—all without requiring an account.
Key risks and next steps for ADACardano’s next substantial move depends on its ability to hold the $0.22-$0.25 support and achieve a confirmed breakout above $0.31-$0.32. Whale activity and wallet concentration are giving the recovery some momentum, but confirmation from price action is still required for a broader bullish shift.
Looking ahead, traders remain focused on volatility in Bitcoin and Ethereum, as these bellwether assets continue to shape the trajectory of altcoins. For Cardano, technical, on-chain, and macro factors will all play a role as the market approaches its next decision points.
Cardano price has slipped below $0.25 as daily momentum weakens, putting the $0.224–$0.240 support zone at the center of its recovery outlook.
Summary
Cardano price traded near $0.2434, with its daily price change showing a 3.53% decline. Daily MACD turned negative on the histogram as the indicator slipped below its signal line. Analyst Jesse Olson flagged bearish divergence, while another analysis identified support at $0.224–$0.240. CoinGlass showed prominent overhead liquidation concentrations around $0.258–$0.262, above ADA’s latest trading price. TradingView’s Binance ADA/USDT daily chart placed Cardano at approximately $0.2434 on Oct. 12, with a session high of $0.2561 and a low of $0.2411. The decline pushed ADA below the $0.25 level after its early-October advance approached the upper boundary of a rising channel.
The daily chart shows a recovery from roughly $0.14 in late June, followed by higher price swings through August, September, and early October. Despite the latest pullback, ADA remained well above that June trough.
The immediate question is whether buyers can preserve the recovery’s support structure after the rejection near $0.27–$0.28. Two analyst assessments point to different outcomes, with one warning of further retracement and the other outlining a recovery scenario that depends on support holding.
Cardano’s daily momentum weakens below $0.25 On TradingView’s daily chart, ADA retreated after reaching the rising channel’s upper boundary near its early-October high. Price remained inside the drawn channel, although the decline moved it away from the upper resistance line.
Cardano price daily chart — Oct. 12 | Source: TradingView The channel’s lower boundary runs beneath the recent candles, around the low-$0.22 region on the current portion of the chart. ADA therefore remained above that trend line at the time of the snapshot, even as its latest daily move added pressure to the recovery.
Daily momentum readings showed a clearer deterioration. The moving average convergence divergence indicator, or MACD, stood at 0.0060, below its signal line at 0.0084.
The resulting histogram reading was negative at approximately -0.0024. The MACD line remained above zero, but its position below the signal line showed that recent upward momentum had weakened.
TradingView’s average directional index stood at 25.76 and had fallen from its recent readings. ADX measures trend strength rather than direction, so the reading alone does not establish whether buyers or sellers control the next move.
Taken together, the daily chart showed a pullback within a broader rising structure alongside weaker momentum. A confirmed loss of the channel’s lower boundary would represent a separate technical development from the retreat already visible below $0.25.
Analysts split over the $0.224–$0.240 support zone Analyst Jesse Olson described ADA’s daily outlook as bearish in an Oct. 12 post, citing bearish divergence and a potential lower high.
“Two of four retracement targets have been hit so far.”
Olson’s chart marked several retracement areas below the recent peak. His assessment focused on the risk that the rebound following the initial sell-off would form a lower high, leaving ADA exposed to another downward move.
A separate analysis published under the name Giannis Andreou outlined a recovery scenario built around the $0.224–$0.240 demand zone. That assessment identified the 0.382 Fibonacci retracement near $0.2271 inside the same area.
According to the analysis, a return to that zone followed by stabilization could establish another higher low before a fresh attempt at $0.281. The scenario therefore depends on buyers defending support rather than an immediate return to the early-October peak.
The same assessment placed $0.2105 and the 0.618 Fibonacci level near $0.1939 below $0.224. It identified a daily close below $0.19 as a development that would substantially weaken the recovery outlook.
On the upside, the analysis required a confirmed daily breakout above $0.281 and a successful retest before strengthening the case for $0.3147. Further resistance targets stood at $0.3880 and $0.4844.
The highest target represented approximately 92.3% upside from the analyst’s reference price of $0.2519. That projection was conditional on the support and breakout sequence described in the analysis.
Weekly resistance remains near $0.269 TradingView’s weekly chart placed ADA near $0.2435, below the upper Bollinger Band at $0.2688. The recent advance reached the vicinity of that upper band before price pulled back.
Cardano price weekly chart — Oct. 12 | Source: TradingView The weekly Bollinger midpoint, a 20-week simple moving average, stood at $0.1988. The lower band was approximately $0.1289.
ADA remained above the midpoint despite the latest decline. However, the weekly chart also showed how far the token remained below the much higher prices recorded during its late-2024 and early-2025 rally.
Weekly Chaikin Money Flow stood at approximately 0.01, just above zero after recovering from negative territory. The reading showed only a small positive balance in the indicator’s volume-weighted measure of buying and selling pressure.
The weekly chart consequently presented a different timeframe from Olson’s daily warning: price remained above its 20-week average while facing resistance near the upper Bollinger Band.
Liquidation concentrations sit above ADA’s price CoinGlass’s three-day liquidation heatmap showed ADA falling from the mid-$0.25 region toward $0.243 by the end of the period. Price moved through several nearby concentrations during the decline.
Cardano liquidation heatmap | Source: CoinGlass Prominent remaining overhead bands appeared around $0.258–$0.262, with additional concentrations extending toward $0.265–$0.269. Closer bands were visible around $0.244–$0.245, while lower concentrations appeared near $0.240–$0.242.
The heatmap maps estimated liquidation exposure rather than completed liquidations. Its bright bands do not establish that price will reach those levels or confirm a dollar amount of forced selling.
For U.S. holders following ADA’s dollar value, the Binance chart’s USDT quotation places the immediate reference points near $0.24 support and $0.25 overhead. Andreou’s analysis sets the broader recovery test at $0.224–$0.240, while his bullish breakout condition remains above $0.281.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cardano (ADA) is currently attracting mixed technical interpretations as it tests crucial price zones that could shape its near-term trend. Technical analysts have highlighted sharply contrasting outlooks, with one perspective focusing on a potential re-entry into a weekly bearish trend band while another suggests a bullish structural breakout may already be underway.
Analyst warns ADA remains in bearish territoryTrend Rider, a cryptocurrency analyst known for technical mapping, has identified Cardano’s weekly price action as moving back into a significant bearish band. This blue-shaded area previously marked the price consolidation period before Cardano’s breakout in November 2024.
For traders seeking a shift to a positive outlook, Trend Rider points to $0.323 as the key threshold. A weekly close above this level would, in their analysis, indicate a return to bullish momentum for ADA. In contrast, continued trading within this bearish band suggests ongoing indecision and range-bound movement with no clear trend advantage.
Should Cardano close a week below the $0.22 mark, Trend Rider states that this scenario could pave the way for deeper declines toward $0.18 or even as low as $0.14 in subsequent sessions.
“A weekly close above $0.323 for Cardano would flip the trend bullish. Rejection inside the band keeps the market in a range with no clear edge, while a close below $0.22 opens the door to $0.18 and potentially $0.14 ADA.”
This cautious approach emphasizes confirmation rather than anticipation, using the band as a decision zone where price action must prove itself.
Structural breakout raises bullish hopesOn the other end, CryptoTheBoss, another digital asset analyst, interprets the recent price behavior as a constructive sign. They highlight ADA’s robust defense of a green horizontal support floor and a rising black trendline on the chart, which was followed by a decisive breakout above a downward-sloping purple trendline.
CryptoTheBoss views this advance as the beginning of a new wave for Cardano, now targeting yellow horizontal resistance above current levels. Maintaining the reclaimed green support and the black ascending trendline is deemed essential for the bullish outlook to stay valid.
ADA’s breakout above descending resistance, combined with its defense of long-term support zones, signals the early stages of a macro reversal structure.
The bullish scenario rests on ADA holding these reclaimed zones and not slipping below the trendline support.
Mini dictionary: CryptoTheBoss is an independent analyst noted for sharing in-depth technical analysis on cryptocurrency price trends, especially in altcoins such as Cardano.
Key levels and comparison of approachesDespite their differences, both analysts are tracking overlapping price zones but frame their conclusions using different timeframes and triggers. Trend Rider centers on the weekly close and the boundaries of the bearish band at $0.323 and $0.22, while CryptoTheBoss highlights immediate structural recovery and breakout signals.
The decisive levels in the coming days are clear: ADA must close above $0.323 on the weekly chart to confirm a bullish reversal. Failure to maintain the green reclaimed support and the black ascending trendline would undermine the bullish thesis. Conversely, a close below $0.22 exposes Cardano to further downside risk toward $0.18 or $0.14.
AnalystBullish TriggerBullish InvalidationBearish TargetTrend RiderWeekly close above $0.323Weekly close below $0.22$0.18, $0.14CryptoTheBossHold reclaimed support & trendlineLoss of green support/trendlineNot explicitly setCardano, managed by IOHK, remains at a pivotal junction as these analyst perspectives test which outlook will dominate market sentiment in the coming weeks.
Together, those facts put a Binance listing far closer than expected. Cardano Price Prediction: $5 Is the Target While the Pepeto Bridge Already Works. Cardano has worked for years on the same goal, and the good news for ADA holders is that the Cardano price is finally paying them back.
DUBAI, United Arab Emirates, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Pepeto, the new crypto on Ethereum, has announced its page is now live on CoinMarketCap, and that matters, because CoinMarketCap only turns a page on when a big listing is near. The team also confirmed the bridge moved into a new phase. Together, those facts put a Binance listing far closer than expected.
Money is pouring in, and buyers call this new crypto the new Shiba Inu, a fitting name. Cardano has tried for years to build a set of tools. Pepeto already has them working, in presale, where small money grows into big money. The Cardano price prediction below shows why that matters.
Cardano Price Prediction: $5 Is the Target While the Pepeto Bridge Already Works
Pepeto's bridge works today. It sends tokens across Ethereum, BNB Chain and Solana at no cost, and an AI tool checks each contract first, fixing the two biggest problems Ethereum users still face. Cardano has worked for years on the same goal, and the good news for ADA holders is that the Cardano price is finally paying them back.
Our Cardano price prediction is $5, and here is why. The Cardano price sits at $0.25, up 2.5% in 24 hours per TradingPedia, above its 50 and 200 day averages, with top Binance traders long by more than two to one. TheCryptoBasicshows ADA broke a downtrend that lasted since September 2025, after rising 80% from a June low of $0.1387, and a close above $0.2887 opens the next leg up. From today, a $5 Cardano price is about 20x, a great result. But the people who made the most on Cardano bought below $1 in 2017 and held to $3.10. They never needed a prediction. ADA is now worth close to $9 billion, so it can still rise a lot, but turning a little money into a fortune needs a much smaller coin.
The wallets that bought Cardano early remember what that entry gave them, and chain data shows them buying Pepeto now, after the one result a $9 billion coin cannot give anymore.
New Crypto Pepeto Pairs Shiba Inu Level Hype With Ethereum Tools That Work
So what is Pepeto, and why is a new crypto in presale sitting next to Cardano here? Because it is the most talked about early project of 2026. Founded by the original PEPE co-founder, the man whose last coin hit $11 billion, Pepeto has raised more than $10.4 million in a red market, pulled in close to 40,000 holders, and sold out every stage faster than the last. That is the kind of noise that came right before Shiba Inu took off, and it is happening again now.
Shiba Inu is proof of what that noise becomes. Binance listed SHIB on May 10, 2021, after weeks of the same signs: the name all over crypto news, and whale trackers catching big buys before any announcement. Over 2021 the price climbed about 10,000,000 percent per CoinMarketCap, and one wallet that put in $8,000 in August 2020 was holding $5.7 billion at the peak according to Coinbase.
SHIB did that with attention alone. Pepeto has the same viral energy and adds what SHIB never had: a working exchange, a bridge across Ethereum, BNB Chain and Solana, and 168% APY staking, more than Cardano has shipped in years. A new crypto on Ethereum with both the hype and the tools, while still in presale, is the kind of chance people never forget.
Conclusion
The $5 Cardano price prediction is half the story. The other half is simple. The Cardano price made early buyers rich and is waking up again. Shiba Inu turned $8,000 into $5.7 billion with attention alone. Pepeto holds both, the tools and the viral pull. Big wallets rarely say why they buy, but timing tells you. Money flowing into Pepeto is moving faster than at any point since the sale opened, and days later CoinMarketCap put the page live.
Anyone who has lived through past cycles knows what follows. The biggest wallets hear listing news first, and their buying says Binance is days away, maybe hours. The official Pepeto website below is still open, but not for long.
For more information about Pepeto (PEPETO): Website: Official Pepeto Website
FAQs
What is the Cardano price prediction for this cycle?
Our Cardano price prediction is $5, about 20x from today's Cardano price of $0.25, and that is the best case for a $9 billion coin. The buyers who made real money on ADA paid less than $1 back in 2017, and that kind of entry exists today only in a presale like Pepeto's.
Why is the new crypto Pepeto compared to early Shiba Inu?
Because the same signs are back: the name in every crypto news feed, whales buying before any announcement, and a CoinMarketCap page live days before a listing. SHIB turned $8,000 into $5.7 billion on hype alone, and the new crypto Pepeto adds working tools on top.
MEDIA CONTACT
Contact: Dani Bonocci
Email: [email protected]
Website: https://pepetocoin.com/
Phone: +971586738991
New Crypto Pepeto Announces It Is Live on CoinMarketCap as a Binance Listing Nears and Cardano Price Prediction Targets $5
New Crypto Pepeto Announces It Is Live on CoinMarketCap as a Binance Listing Nears and Cardano Price Prediction Targets $5
Source: Pepeto
Tether froze $10 million in USDT following reports of a large theft affecting Ledger hardware wallets distributed by CryptoBilis, a third-party vendor active in Malaysia, Indonesia, and the Philippines. Investigators have traced the total assets stolen to as much as $93 million, mainly targeting TRON and USDT holdings, as officials work to track the movement of the stolen cryptocurrencies.
Ledger links incident to third-party resellerLedger, a leading French cryptocurrency hardware wallet manufacturer, stated that the affected wallets originated from devices sold by CryptoBilis. According to the company, there is no indication that its internal systems, services, or direct sales channels have been compromised.
A further investigation revealed a physical compromise on some devices. On October 10, Ledger identified an unauthorized hardware implant inside at least one compromised wallet, marking the first known evidence of a physical attack in this incident.
Ledger urged customers who purchased a CryptoBilis-supplied wallet in the past 90 days and have not yet configured it to leave the device unused. Existing users were advised to transfer assets to a new device and create a new recovery phrase.
Different estimates for funds stolenIndependent on-chain analysts have attempted to quantify the full extent of the losses. Bitquery, a blockchain analytics firm, attributed the attack to a theft of $93.2 million across 315 wallets spread over six blockchains. Another platform, YFarmX, placed the figure higher, estimating $94.5 million lost from 521 wallets on seven chains. Both relied on data from public blockchains.
SourceTotal StolenNumber of WalletsNumber of BlockchainsBitquery$93.2 million3156YFarmX$94.5 million5217Bitquery reported that approximately $70.5 million in TRON, $16.8 million in Bitcoin, and $3.7 million in Ethereum were stolen. Smaller amounts disappeared from BNB Chain, Polygon, and Solana. The addresses linked to the scheme were created on September 25, and numerous test transactions were observed before the main attack in early October.
On October 9, the attackers reportedly modified permissions for 30 TRON wallets ahead of transferring 203.8 BTC from 111 Bitcoin wallets in a single block. Such transfers require the private keys, suggesting an advanced operation involving premeditated access.
The ability to freeze assets makes stablecoin issuers like Tether central to investigations in such cases. Bitquery verified that about $81 million in traceable assets remained on-chain as of October 11, though some funds attempted to evade tracking via crypto mixing tools like Tornado Cash and Zcash.
Mini dictionary: Tornado Cash is a privacy protocol on Ethereum that enables users to obfuscate the source and destination of funds by mixing transactions, complicating efforts to trace cryptocurrencies involved in illicit activity.
Community response and ownership questionsThe classification of the incident as a CryptoBilis-specific case prompted criticism from the crypto community. CryptoBilis had been authorized as an official Ledger reseller, which led some users to call for greater accountability from Ledger. Some critics insisted that the incident should be recognized as a broader Ledger issue due to the vendor’s official reseller status.
Arravind Prabu, a co-founder of CryptoBilis, said the company was acquired in March 2026, and all access credentials were transferred at that time. Only one new investor was registered in China, and no evidence has surfaced connecting the ownership transition with the thefts. Investigators have not found tampering linked to the new investors.
In response to the ongoing investigation, CryptoBilis suspended all hardware wallet sales and closed its retail locations across Malaysia, Indonesia, and the Philippines.
Ledger continues to coordinate with affected users and relevant authorities during the investigation.
Hardware implant discoveredA significant discovery concerning the nature of the compromised devices came from Mark Karpelès, founder of Mt. Gox. After dismantling a Ledger Nano X device purchased in Malaysia, Karpelès identified covert hardware components: a cellular modem, an eSIM, and a small chip capable of intercepting what the screen displayed.
During device setup, recovery phrases appear on the wallet’s display. A component intercepting this data could transmit the recovery words over a mobile network, enabling remote wallet recreation and subsequent theft. It remains unclear whether all compromised devices contained such a module.
This case is unrelated to another theft from March, where phishing using the Ledger Live app on Apple’s App Store led to additional losses estimated at a minimum of $9.5 million.
