The global market capitalization of tokenized stocks and equities soared to a new record of $3.9 billion, according to data from Token Terminal. This marks a major expansion for blockchain-based real-world assets, which stood at just $719 million in January, showing more than a fivefold increase in value over the course of 2024. The sector’s growth reflects mounting interest among digital asset buyers seeking exposure to traditional corporate equities through blockchain platforms.
BNB Chain, Ethereum, and Solana dominate marketThree blockchain networks currently dominate about 70% of the growing sector for tokenized stocks. BNB Chain stands at the forefront with a market capitalization of $1.2 billion. Ethereum follows closely behind with $841.9 million, while Solana holds $741.7 million. These platforms have become foundational for the issuance and trading of digital tokens that mirror shares in established companies.
NetworkMarket CapitalizationBNB Chain$1.2 billionEthereum$841.9 millionSolana$741.7 millionThese networks act as the primary infrastructure for minting and exchanging digital representations of company stocks, making traditional equity markets accessible to crypto investors worldwide.
Investor concerns: privacy, legal ownership, and market risksAs the tokenized stock market grows, investor privacy remains a key concern. Although blockchain wallets may obscure direct identities, links to real-world data can sometimes reveal ownership through supporting records. The US Securities and Exchange Commission’s Investor Advisory Committee warned about vulnerabilities in keeping investors’ personal information private when holding tokenized shares.
A past incident highlighted how transaction tracking can play a significant role in asset recovery. In the 2016 Bitfinex hack, authorities traced Bitcoin movements on the blockchain and ultimately seized over 94,000 BTC. While the case focused on cryptocurrencies, it demonstrated the traceability of transactions involving blockchain-based assets.
Some analysts and industry commentators have joined the discussion. One X (Twitter) user, @Sirius, raised the issue that public blockchains may assist with fast transfers but are less suited for those who wish to keep their investments hidden.
SEC Commissioner Hester Peirce cautioned in July 2025 that buyers of certain tokenized equities might not own the underlying shares, potentially exposing them to third-party risk if platforms fail. X user @Web3lawyer explained that digital tokens often represent claims on shares held by a custodian, rather than direct legal ownership recorded with the official shareholder register. As a result, dividend rights and voting privileges follow regular corporate law, not just technical aspects of the blockchain.
Public blockchains allow for efficient movement of funds, but privacy-conscious investors may find that transparency conflicts with their desire to keep their holdings confidential. Even when names are not directly visible, transactional records can sometimes reveal investor identities.
Mini dictionary: Token Terminal, a data analytics platform tracking blockchain-based assets and decentralized finance projects, provides insights into market capitalization, user activity, and growth metrics for the digital asset sector.
Stablecoins, trading costs, and liquidity issuesStablecoins play a significant role in the advancement of tokenized stock markets, serving as a primary means for investors to enter and navigate digital markets. X user @Rain noted the rising use of stablecoins, which not only fund purchases of tokenized assets but also drive development in new crypto projects.
Tokenization could lower barriers to investment in high-priced equities by enabling fractional share ownership. This feature allows investors with limited capital to buy portions of shares in companies such as Apple or Amazon. Despite lowering entry costs, fractional ownership does not reduce investment risk, as the potential for value loss remains if share prices decline.
Investors must also account for fees when trading tokenized stocks. While some brokerage expenses may be reduced, platform charges, blockchain transaction fees, and price discrepancies between tokens and actual shares can still erode returns. Users making frequent or small trades could feel the impact of these additional costs.
Another consideration is liquidity. Purchasing a tokenized stock does not guarantee immediate resale opportunities. Investors may be forced to accept reduced prices or wait if trading activity slows.
Tokenizing stocks can lower the minimum investment needed for entry, but liquidity and trading costs may still limit the benefits from new digital platforms.
Gate expands tokenized stock derivativesIn a separate move, cryptocurrency exchange Gate has broadened its crypto derivatives offerings by introducing eight new tokenized stock perpetual futures contracts. Through its USDT-margined futures platform, Gate now provides traders with additional exposure to the performance of major US companies within the crypto ecosystem.
These new contracts give market participants expanded access and could heighten interest in tokenized equity derivatives as the market for digital versions of traditional assets matures.
George, the Bitcoin pundit behind CryptoUS, believes Cardano (ADA) could stage a comeback similar to Solana’s recovery after its price fell below $10 during a previous crypto downturn.
Speaking during a Q&A session, George argued that Cardano has repeatedly recovered from deep declines during crypto winters. He pointed to its resilient community and Charles Hoskinson’s continued involvement as key factors behind the blockchain’s staying power.
“ADA does that every single crypto winter. It always falls to some low, and then recovers back up,” George said.
He added that he believes Cardano will keep recovering as long as Hoskinson remains involved in the project.
George Compares Hoskinson’s Role to Elon Musk’s at Tesla
George argued that Hoskinson remains central to Cardano despite the project’s efforts to decentralize governance. He compared Hoskinson’s influence to that of Elon Musk at Tesla, suggesting his departure could severely undermine confidence in Cardano and trigger a steep decline in ADA’s price.
“If he said on a podcast tomorrow, ‘I’m leaving Cardano. I’m not going to support it. I’m not going to develop anything for it,’ watch Cardano’s price. It’ll tank like 90%,” George said.
The pundit acknowledged that Hoskinson has pushed for greater decentralization and that Cardano has made progress toward distributing control among different organizations and participants.
However, George maintained that Hoskinson’s leadership and influence over Input Output, the blockchain development company, remain important to the ecosystem.
Cardano Community and Midnight to Support Its Recovery
George also pointed to Cardano’s committed community as another reason he expects ADA price to recover from future market downturns. He described ADA holders as unusually loyal, arguing that many remain involved in the ecosystem even during difficult market conditions.
George also mentioned Midnight, Cardano’s privacy-focused blockchain ecosystem, noting that community members have turned their attention toward the project.
However, he questioned whether everyone moving toward Midnight fully understands the reasons behind the transition. This suggests that some participants may simply be following the latest development within the ecosystem.
Can ADA Repeat Solana’s Recovery?
Solana’s recovery from below $10 to new all-time highs illustrates an unexpectedly dramatic comeback. The recovery in question followed its price crash amid the FTX collapse. Specifically, SOL’s price fell to $8.14 in December 2022 before surging more than threefold the following month.
By December 2023, its price had increased approximately 15-fold, climbing above $125. Interestingly, these price movements occurred during a bear market. The rally continued until Solana reached an all-time high of approximately $294 in January 2025. From its initial low, that represented a massive gain of more than 3,500%.
Solana Price Recovery from under $10. Can Cardano (ADA) Price Do Same?
Interestingly, many expect ADA to deliver a comparable comeback, particularly if it can return to its previous all-time high of around $3 and resume its upward trajectory.
Ultimately, Cardano ability to replicate Solana’s performance will depend on whether it can translate its established community and ongoing ecosystem development into sustained adoption and market demand.
Renowned crypto investment firm Grayscale has continued to see renewed interest in its recently launched Solana investment product as the fund continues to draw in capital.
Per recent data showcased by Arkham Intelligence, the firm has bought up to $20.2 million worth of Solana through its Solana ETF, GSOL, over the past 20 days.
Grayscale's Solana ETF sees sustained demand The data shows that the Grayscale Solana ETF saw consistent demand from investors as it recorded a steady influx of fresh capital on most daily trading sessions over the last month.
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While the fund recorded only one day of outflows during the period, it appears that investor money has largely continued to flow into the Solana-based investment product.
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Furthermore, the rare cases of withdrawals recorded by the fund have seen Grayscale outperform other Solana investment funds that have recently recorded selling activity.
The sustained inflows have drawn attention from market analysts, as the fund has only launched recently, yet it is already igniting renewed institutional interest in the Solana ETF ecosystem.
Grayscale outshines VanEck's Solana ETFUnlike Grayscale, VanEck's VSOL ETF saw investors withdraw their funds amid the recent market volatility.
During its latest trading session, VanEck sold about $700,000 worth of SOL, suggesting that investors are less willing to gain exposure to Solana through the fund when compared to Grayscale.
Notably, Grayscale did not record any sales during the same period, as investors appear to be monitoring institutional demand for Solana and how investment funds are responding to changing market conditions.
Following these purchases, Grayscale is establishing its foothold as a strong player in the Solana ETF market.
Bitcoin (CRYPTO: BTC) continues to outperform altcoins like Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), which have dropped between 2% and 5% over the past 24 hours.
Only 11 of 66 large-cap altcoins finished last week higher, while Bitcoin dominance climbed toward 59.5%.
On the other hand, U.S. spot Bitcoin ETFs recorded $679 million in weekly outflows, their largest since late June, while Ethereum ETFs shed $542 million.
Why BTC Dominance Rises As Altcoins StruggleProminent crypto analyst Benjamin Cowen warned that Bitcoin dominance (BTC.D) may continue climbing as monetary policy moves toward a more restrictive stance. It could eventually revisit its 2025 highs before a sustained decline.
Unlike the previous cycle, he does not expect BTC.D to rise indefinitely.
Cowen pointed to rising interest rates and strengthening U.S. dollar as major headwinds for altcoins, suggesting that capital could increasingly favor Bitcoin.
He believes eventual interest rate cuts and a weaker dollar could trigger renewed strength in altcoin-to-Bitcoin trading pairs, potentially pushing BTC.D towards the low-50% or even upper-40% range.
Cowen expects altcoins to continue losing ground against Bitcoin until monetary conditions become more accommodative, potentially a year or two away.
Will Support Hold Before The Next Rally?Heavily followed analyst Kevin warned that Bitcoin faces a deeper correction ahead of CPI data, with $77,000 to $83,000 as critical support.
Holding this range could trigger a rally toward $93,000 to $100,000, while a breakdown risks a decline to $67,000 to $76,000.
He favors a pullback to establish a bullish higher low before a more sustainable rally in late 2026 or 2027, with altcoins potentially facing steeper losses.
What’s Next?Wintermute’s Oct.13 report identified two major catalysts needed for a sustainable crypto recovery:
A breakout in 30-year Treasury yields above 5.64% or BTC’s repeated failure to hold $82,500 would strengthen the bearish outlook. Wednesday’s CPI report could reveal whether higher energy costs are fueling broader inflation, potentially strengthening expectations for further Fed rate hikes. The research firm remains constructive on Bitcoin’s longer-term outlook but cautioned against chasing altcoin rallies until liquidity conditions improve.
After ceding its dominance to BNB and Robinhood, Solana is once again leading all chains in weekly tokenized equity trading volume for the first time in 14 weeks.
With meme/stock trading winding down across all networks, Solana has re-emerged as crypto’s premier venue for tokenized equity trading. Issuers now find themselves in a fierce battle to capture the market, with xStocks and Backpack fighting tooth and nail to win Solana’s traders.
Meanwhile, commodities trading has declined almost entirely, with weekly trading volumes falling 72% from their peak.
Solana Leads All Chains For First Time Since July
Solana is reinforcing its position as the everything exchange, with tokenized equity trading activity flowing back to the network after brief periods of memetic mania on rival chains.
According to Blockworks data, Solana now accounts for 31% of weekly tokenized equity trading volume across all chains, leading rivals BNB and Robinhood, which captured 26% AND 25%, respectively. As BNB and Robinhood cool off, Base has emerged as an unexpected competitor, enjoying consistent week on week growth to command 18% weekly market share.
Within Solana DeFi specifically, tokenized $SPCX has emerged as the network’s most-traded equity. In yesterday’s session, Backpack-issued $SPCX witnessed $19.4M in trading volume, with the xStocks variant attracting $5.26M in flow.
But beyond the $SPCX outlier, onchain data suggests that xStocks still dominates Solana’s tokenized equity race.
Backpack, xStocks Go Head-to-Head for Dominance
Solana’s two leading tokenized equity issuers, Backpack Securities and xStocks, are in a fierce battle to win over DeFi users. Last week, both issuers captured 48% of total trading volume each, with notable competitors like Ondo and the newly launched Securitize struggling to gain traction.
Where xStocks and Backpack-issued assets boast deep onchain liquidity and strong brand awareness, Ondo and Securitize are somewhat limited by virtue of their design. For example, Ondo stocks trade via an RFQ system, making them inherently less composable onchain, while only whitelisted users can trade Securitize stocks.
Despite Backpack and xStocks sitting neck-and-neck in trading volume, xStocks has a much larger footprint in the wider DeFi landscape. Blockworks data suggests that over 77% of the supply of Solana tokenized equities has been issued by xStocks, with Backpack-issued equities representing just 5%.
Similarly, xStocks and Superstate are the only issuers represented in lending markets like Kamino and Jupiter Lend, giving these assets far greater utility beyond trading.
Commodities Trading Declines Amidst as Memes Cool
While reclaiming the crown in the tokenized equity race, Solana’s onchain commodities sector has struggled to maintain trader interest. Buoyed by memecoins paired with commodities like gold, weekly commodity volume on the network ripped to new all-time highs of $92.5M.
But with memecoin markets starting to cool and the custom token pairing narrative losing steam, weekly volumes have dropped 72%, falling to just $25M.
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13 October 2026 | 16:54 Solana traded near $106 at the time of writing after breaking below a rising channel that had guided its advance since August.
The move has shifted the chart’s focus from upside targets to the supports that could contain the pullback.
The rally lost its floor around $109 Since early August, SOL had moved inside a rising parallel channel, with each pullback holding above the prior low. The latest sell-off broke that pattern by pushing price beneath the channel’s lower boundary and through the $109.2-$109.7 range, where the former channel floor met the 50-day simple moving average and the 23.6% Fibonacci retracement.
SOL/USD daily chart showing the lost $109.2-$109.7 support cluster. Source: TradingView. That range had helped contain earlier September pullbacks. With SOL now below it, the same combination of chart references sits overhead. A recovery above $109.2-$109.7 would place price back inside the channel and above its 50-day average; while it remains below, rebounds may meet resistance there.
With $109 overhead, attention has moved to $100 The latest daily session reached an intraday low of $101.72, stopping just above the 38.2% Fibonacci retracement at $100.2. The round $100 mark falls in the same range, making it the first area where buyers have attempted to slow the decline.
The response should be judged around $100 rather than at one exact number. A short move below the range would not settle the chart by itself. Persistent daily trading beneath it, however, could leave SOL searching for support closer to the longer-term moving averages.
Lower supports become relevant only if $100 fails If SOL cannot stabilise around its current support, the next reference lies between $92.5 and $93.5. The 50% Fibonacci retracement sits near $92.5, while the rising 100-day SMA is near $93.5. Their overlap makes this the next important range beneath the market.
Further down, the 61.8% Fibonacci retracement near $85 overlaps with the 200-day SMA near $87. That area would become the chart’s deeper support reference only if SOL also trades through the 100-day average.
Momentum has weakened with the price structure Losing the 50-day SMA has damaged SOL’s short-term trend. The 100-day and 200-day averages are still rising below price, though, leaving support layers from the August advance intact at lower levels.
The same loss of momentum is visible in daily RSI, which has fallen to around 41—below its 50 midpoint and its signal line near 54.
SOL’s daily RSI has fallen below 50, reflecting weaker short-term momentum. RSI confirms the slowdown that followed SOL’s retreat from the recent high near $125. A recovery in the indicator would carry more weight if price also regains the former $109 support cluster.
The rebound has a clear repair point Solana’s chart has shifted from an orderly channel advance to a correction below its first major support cluster. Holding around $100 could keep the pullback contained, but the short-term structure would remain fragile until SOL returns above the former channel floor near $109.
If the current support cannot hold, the $92.5-$93.5 area would become the next technical test. The rising 100-day and 200-day averages leave room for a deeper correction without erasing the entire August advance, yet the immediate trend remains weaker while SOL trades below the lost channel.
This article is provided for informational purposes only and does not constitute financial or investment advice. Technical levels and indicators are interpretive tools, not guarantees of future price movement.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Grayscale is experiencing robust inflows to its Solana ETF, GSOL, as investor demand continues to grow. Newly released data from Arkham Intelligence reveals that Grayscale acquired $20.2 million in Solana over the past 20 days, highlighting consistent daily buying activity.
Strong inflow momentum for Grayscale’s GSOLGSOL has recorded steady inflows throughout the last month, with only one day of outflows during this period. Most sessions demonstrated new capital entering the fund, reinforcing Grayscale’s appeal among investors seeking exposure to Solana through exchange-traded products.
Institutional players have shown particular interest in the product, with market analysts noting that Grayscale’s ETF, despite launching only recently, has quickly established itself as a key vehicle for Solana investment.
The data shows that the Grayscale Solana ETF saw consistent demand from investors as it recorded a steady influx of fresh capital on most daily trading sessions over the last month.
When compared to competing Solana exchange-traded funds, GSOL’s inflow record stands out. Even during short-lived market volatility, only minimal withdrawals were recorded, suggesting ongoing confidence among existing investors.
VanEck’s VSOL faces outflows amid volatilityIn contrast, VanEck’s VSOL ETF has reported investor withdrawals as participants reacted to recent fluctuations in the digital asset market. The latest available trading session saw VanEck selling approximately $700,000 worth of SOL, signaling a cooldown in investor appetite for this particular Solana product.
Market observers have noted that, during the same period, Grayscale did not report any sales—reflecting a notable divergence in fund flows between the two ETF providers. This difference has further elevated Grayscale’s position in the evolving Solana ETF landscape, supporting the impression that GSOL is attracting a greater share of institutional and retail attention.
Investor behavior and meme token activityThe current environment emphasizes the importance of tracking inflows, outflows, and investor behavior when analyzing ETF performance and broader market sentiment. In the highly volatile meme token market, sharp capital movements are common. An online trend can drive millions of dollars of activity within days. For example, Fomo App data highlighted a trade that turned a $99 investment in “Niu Lai” into roughly $370,000, illustrating the pace and intensity of shifts in this sector.
Monitoring the timing and token selection by market participants is becoming increasingly vital. Fomo App offers a platform that combines token discovery, real-time trading, and investor ranking features. By providing social feeds and trade notifications, Fomo App enables users to monitor meme token trends alongside overall investor activity.
With GSOL continuing to attract steady inflows and VanEck facing outflows, Grayscale is steadily strengthening its presence in the Solana exchange-traded fund market. The divergence in fund flows between competitors underlines the shifting preferences of institutional and retail participants in crypto investment products.
Plume Vaults is expanding access to OnRe’s ONyc, bringing the yield-bearing reinsurance asset to Monad through nONYC.
Built by OnRe, ONyc provides onchain exposure to reinsurance-backed yield through a regulated structure, with returns generated from underwriting premiums and collateral rather than crypto-native incentives. Until now, the asset has primarily been available only on Solana.
nONYC packages ONyc within Plume’s Vault infrastructure, creating a distribution-ready version that can be deployed across supported EVM networks. The initial deployments will bring nONYC to Monad and Ethereum, giving capital across the EVM ecosystem a new route into an asset that has largely been concentrated in Solana.
Making RWAs More DistributableTokenization is only one part of bringing real-world assets onchain. For an asset to reach more capital, it also needs to be available across the networks and applications where that capital already exists. This is Plume Vault's aim.
Its infrastructure packages institutional assets and strategies into standardized products that can be distributed across multiple ecosystems, allowing existing RWAs to reach new sources of demand without requiring a separate infrastructure stack for every network.
The approach is already being applied across private credit, Treasuries, fixed income and emerging-market credit. Plume Vaults now has more than $200M in TVL, while ONyc has grown into one of the largest actively deployed RWAs on Solana, with more than $225M deployed across Solana DeFi.
With nONYC, that existing asset can now move beyond its original ecosystem and into new markets.
Solana logo, official brand asset from solana.com/branding. Alpenglow is a Solana consensus upgrade.
Alpenglow, Solana’s most significant consensus upgrade, is scheduled to launch on the mainnet on October 21, aiming for a substantial reduction in transaction finality time to 150 milliseconds. This upgrade, announced via social media, seeks to replace the existing TowerBFT voting layer with direct validator votes and aggregate certificates. Although this announcement marks a major milestone for Solana, official documentation has yet to confirm the October 21 activation date. The anticipated upgrade is expected to enhance network performance significantly, potentially impacting Solana’s competitive position.
Market participants are closely monitoring the unfolding developments, as the Solana (SOL) token was near $107 on October 13, down approximately 4% on the day. The prospect of faster transaction finality and reduced on-chain voting overhead suggests that the network’s performance could improve substantially if the upgrade proceeds as planned. This has implications for Solana’s pricing in prediction markets, where the likelihood of reaching higher price thresholds in October is being actively assessed.
Key Takeaways
Activity suggests anticipation of Solana’s Alpenglow upgrade, which aims to significantly enhance network speed and efficiency.
Pricing in prediction markets appears consistent with expectations of increased investor confidence following a successful upgrade.
Current Solana pricing reflects a cautious approach, with potential for upward adjustments as the upgrade date approaches.
What to Watch
Observers are focused on Solana’s official confirmation of the Alpenglow upgrade activation date. A successful mainnet launch on October 21 could alter market dynamics significantly, possibly leading to price increases. Conversely, any delays or technical issues could dampen investor sentiment. Key actors in the Solana ecosystem, including co-founders Anatoly Yakovenko and Raj Gokal, may provide further insights as the launch date nears. Market participants will also be watching for regulatory developments and broader cryptocurrency market trends that could influence Solana’s pricing trajectory.
Solana price has rebounded toward $108 after falling close to $100, but its position below daily trend resistance leaves the recovery facing an early test near $111.
Summary
Solana price traded near $107.77 after recovering from an intraday low of $101.69.
Daily Bollinger Band resistance stood at $116.43, with lower-band support near $106.
CoinGlass showed the strongest nearby liquidation concentration around $111, above the latest price.
Weekly support stood at $93.75, while analysts outlined different paths for the correction.
TradingView’s Binance SOL/USDT daily chart showed Solana trading at $107.77 on Oct. 13, up 1.90% during the session. The token had moved between $101.69 and $109.07, recovering roughly 6% from its intraday low while remaining below its early-October trading area near $120.
Compared with the Oct. 7 reference price of $120.65, the latest chart reading put SOL approximately 10.7% lower. The rebound reduced the weekly loss, but the daily chart still showed a sharp retreat from the recent highs and a price below its 20-day average.
Solana’s $106 band faces a fresh support test
TradingView’s daily Bollinger Bands placed the lower boundary at $106.01, the middle line at $116.43 and the upper boundary at $126.84.
Solana price daily chart — Oct. 13 | Source: TradingView
SOL had recovered above the lower band by the chart’s latest reading, following an intraday move beneath it. The rebound left $106 as the nearest visible band level below the market, followed by the session low at $101.69 and the psychological $100 threshold.
The daily chart showed that Solana’s recent advance had carried the token from its August trading area in the $70s toward $120. The latest correction pulled price back beneath the middle Bollinger line, reversing part of that advance without returning SOL to its earlier base.
At $107.77, the token remained about 8% below the $116.43 middle band. A recovery toward that line would therefore require SOL to move through the session high at $109.07 and the overhead liquidation concentrations visible on CoinGlass.
The daily average directional index stood at 31.06, down from higher readings during the preceding advance. The indicator measures trend strength rather than direction; alongside the falling price and declining reading, the chart showed a weakening of the earlier upward trend.
The daily setup places the first recovery test near $109, with the 20-day average farther above. On the downside, a renewed move beneath $106 would bring the recent low near $102 back into focus.
The $111 liquidation cluster sits above the rebound
CoinGlass’s three-day liquidation heatmap showed SOL falling from roughly $110, briefly rising above $113 and then dropping toward $102 before recovering toward $108.
Solana liquidation heatmap | Source: CoinGlass
The brightest nearby concentration sat around $111–$111.5. Additional overhead bands appeared near $109 and across approximately $112–$114.50, placing several concentrations above the latest price.
Below the market, the heatmap showed bands around $106, $104, and $102. The lower concentrations lined up with areas crossed during the latest sell-off and rebound.
The price trace also showed that the first recovery from the low stalled below $109 before SOL retreated again. The latest bounce brought the token back toward $108, leaving the strongest overhead concentration unreached.
A move through $109 would put the $111 area next on the visible map. A retreat toward $106 would instead return SOL to the lower part of its recent trading range, with $104 and $102 beneath it.
CoinGlass’s heatmap maps estimated liquidation exposure rather than completed liquidations. Its bands identify potential pressure points for leveraged positions, while the price trace shows which areas SOL has already crossed.
Weekly support at $93.75 frames the deeper risk
TradingView’s weekly chart placed SOL at $107.76, down 3.22% from the week’s opening level of $111.35. The weekly range stretched from $101.69 to $113.40.
Solana price weekly chart — Oct. 13 | Source: TradingView
The Murrey Math indicator marked $125 as a major support and resistance pivot and $93.75 as the lower boundary of its displayed trading range. SOL remained between those levels after failing to sustain its recent advance toward $125.
At the latest reading, the $93.75 boundary sat approximately 13% below the market. A decline to that level would require SOL to lose both the recent $101.69 low and $100 along the way.
The weekly Awesome Oscillator remained positive at 25.22, with green bars. The longer-term momentum reading therefore remained above zero despite the latest weekly price decline.
Analyst Batman described SOL as returning to the lower boundary of an ascending channel. The analyst suggested another strong advance could follow if that structure held, citing a sharp expansion after an earlier channel.
$SOL is back at the lower rail of its ascending channel.
The previous channel led to a sharp vertical expansion. If this structure holds, we could be looking at another strong leg higher pic.twitter.com/prrHopcetK
— BATMAN ⚡ (@CryptosBatman) October 13, 2026
CryptoBullet outlined a more cautious near-term path, saying SOL had reached the upper boundary of a target zone and could move deeper into it over the coming weeks. The analyst’s chart illustrated a further dip before a possible later recovery.
The two views make support retention central to the setup: Batman’s bullish scenario depends on the channel holding, while CryptoBullet anticipates additional weakness first.
US ETF withdrawals accompany the technical pullback
SoSoValue data showed that US spot Solana ETFs recorded $24.8 million in net outflows during the week ending Oct. 9. The withdrawals ended 14 consecutive weeks of inflows and marked the products’ largest weekly outflow since launch.
The US Bureau of Labor Statistics has scheduled the September consumer price index report for Oct. 14 at 8:30 a.m. Eastern Time, placing the inflation release immediately after SOL’s latest support test.
For SOL’s technical recovery, the immediate levels remain closer: $109.07 at the session high, the liquidation concentration near $111, and the daily middle band at $116.43. Below the market, $106.01 and $101.69 separate the latest rebound from another test of $100.
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The days following the one-year anniversary of the “10/10” crypto crash have seen significantly volatile price action. Bitcoin climbed back above $83,000 on October 13 after briefly falling below $81,000 late Monday night. This decline followed a period when Bitcoin hit the $87,000 level several times in late September and early October. $BTC now trades around $83,100, although it remains down 3.2% over the past 7 days.
Altcoins have suffered steeper declines. $SOL fell 11% over the past week, while $HYPE dropped 13%, $DOGE lost 12%, $XRP declined 10%, and $ETH fell 8%.
$SOL briefly slipped below $102, reaching its lowest level in almost a month before recovering to around $107. Despite the rebound, $SOL remains down 3.2% over the past 24 hours and 11% over the week.
$812M in Liquidations Deepen the Sell-Off Crypto markets recorded $811.79 million in liquidations over the past 24 hours, according to CoinGlass. A total of 169,779 traders were liquidated.
Long positions accounted for $689.11 million, representing approximately 84.5% of total liquidations. Short positions contributed $126.12 million.
The largest individual liquidation order reached $9.65 million on Binance's BTCUSDT market. Binance accounted for 50.4% of the liquidation volume shown on the dashboard.
Crypto Sentiment Slides Toward Neutral Investor sentiment has weakened alongside prices. CoinMarketCap’s Crypto Fear & Greed Index fell to 55, placing the market in neutral territory. The index stood at 67 a week ago and reached 82 in August, its highest reading of the year.
The decline signals a cooling in risk appetite after the market's earlier period of extreme greed.
Solana ETFs Record First Weekly Outflows Since June U.S. spot Solana ETFs have experienced 6 consecutive days of net outflows. Last week, the funds recorded $24.8 million in net outflows, marking their first negative week since June.
The slowdown follows a strong period of demand. During the week ended September 25, the funds attracted more than $188 million in net inflows, their strongest weekly performance since launching in 2025.
Solana's ETF outflows form part of a wider retreat from U.S. spot crypto investment products. Last week, spot Bitcoin ETFs recorded $681.1 million in net outflows, their largest weekly outflow since June, while Ethereum ETFs lost $542 million, their biggest weekly outflow since January.
The selling continued into this week. Yesterday, October 12, U.S. spot Bitcoin ETFs recorded $65.4 million in net outflows. Meanwhile, spot Ethereum ETFs recorded $85.4 million in outflows on October 12, extending their losing streak to 10 consecutive sessions.
Against this backdrop, Solana ETFs' 6 consecutive days of outflows and last week's $24.81 million in net redemptions reflect a broader pullback in demand for crypto investment products rather than an isolated shift away from $SOL.
Solana Treasury Companies Take Different Paths SkyAI confirmed on October 12 that it had recently sold approximately 1 million $SOL, worth more than $106 million at current prices. The sale represents nearly half of its holdings, as the company plans to repurchase up to $201 million in shares and warrants. The confirmation followed $114.87 million in $SOL transfers to exchanges over the weekend.
DeFi Development Corp took the opposite approach, purchasing 22,070 $SOL worth approximately $2.43 million over the past week. The acquisition brought its holdings to 2,586,282 $SOL, valued at around $284.9 million, representing a 12% increase since August 12.
Strategy Adds Bitcoin as Saylor Signals More Purchases Michael Saylor's Strategy acquired about 250 BTC, worth $21 million, last week and repurchased $192 million in its STRC preferred shares.
The company now holds approximately 848,250 BTC, acquired at an average price of $75,444. Its holdings represent more than 4% of Bitcoin's 21 million supply cap and imply approximately $6.6 billion in unrealized gains at current prices.
Saylor frontran the announcement by posting another Bitcoin acquisition tracker on X on Sunday with the caption, "There's always room for more orange."
As crypto markets enter a consolidation phase after the August and September rally, market participants will do well to monitor upcoming catalysts such as Wednesday’s U.S. inflation data and the midterm elections.
Read More on SolanaFloor Solana Reclaims Weekly Dominance in Tokenized Equity Trading
Pando Launches Hong Kong’s 2nd Solana ETF as U.S. Funds Record $24.8M in Outflows
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Universal has announced the expansion of its dollar-backed USDU stablecoin to Solana, extending its UAE-regulated issuance framework and 1:1 reserve backing to another blockchain for institutional settlement.
Summary
USDU’s Solana integration will support transfers, digital asset settlement, and institutional treasury management.
Universal says dollar reserves back USDU 1:1, with independent attestations published each month.
Aquanow will provide distribution and institutional access across supported markets.
USDU’s UAE registration permits digital asset payments but excludes general mainland domestic payments.
Universal said in its announcement that eligible participants will be able to hold and transfer USDU on Solana, using the network for dollar-denominated transactions around the clock. The issuer identified digital asset settlement and treasury management among the intended uses, alongside other on-chain financial activities.
Under the terms described by Universal, access remains focused on professional and institutional participants in the UAE and permitted international markets. The company said Aquanow, its global distributor, will connect eligible participants with the stablecoin through its institutional distribution infrastructure.
USDU’s Solana expansion targets institutional settlement
Through the integration, Universal said USDU will become available across additional wallets, platforms and financial applications that support Solana. The company described the network’s transaction speed, low costs, and continuous operation as reasons for extending the stablecoin to the blockchain.
Juha Viitala, Universal’s senior executive officer, tied the expansion to institutional access to digital dollars.
“Expanding USDU to Solana brings the reach of regulated, USD-denominated liquidity to one of the most active environments for on-chain payments and financial applications.”
In the same statement, Viitala said the combination of USDU’s UAE regulatory framework and Solana’s infrastructure would give eligible institutions flexibility in how they “access, move and deploy digital dollars on-chain.”
For distribution, Universal said Aquanow will handle connections with institutions and professional participants across supported markets. Aquanow describes its customers and partners as banks, neobanks, brokerages and payment companies, with regional teams operating across North America, the Middle East, Europe and Asia.
According to the announcement, Aquanow’s UAE business operates through Aquanow ME FZE, which is regulated by Dubai’s Virtual Assets Regulatory Authority. Its licensed activities include broker-dealer services, lending and borrowing, and management and investment services.
UAE authorization limits USDU to specified payment uses
Universal said USDU is the first dollar-backed stablecoin registered with the Central Bank of the UAE as a Foreign Payment Token. The company identifies that registration as the basis for its permitted use in digital asset-related payments within the country.
For UAE transactions, Universal’s disclosures state that USDU may be used to purchase digital assets and digital asset derivatives. The issuer expressly excludes general payment purposes in mainland UAE, including domestic payments.
Within Abu Dhabi Global Market, Universal Digital Intl Limited is separately regulated by the Financial Services Regulatory Authority to issue a Fiat-Referenced Token to Professional Clients only, according to the company’s regulatory disclosures.
On reserve backing, Universal said it holds one dollar in reserves for each USDU token. The issuer also said independent attestations are published monthly, allowing participants to review reports covering the reserves.
USDU already has a connection to dirham-denominated settlement. In a May 7 report, crypto.news covered a regulated stablecoin conversion framework linking USDU with the dirham-backed AE Coin, supported by Al Maryah Community Bank. The companies described the arrangement as infrastructure for institutional settlement, liquidity management, treasury operations, and cross-border transactions.
For that conversion service, the companies identified Aquanow and Changer.ae as the initial access providers. They also said future integrations could support trade finance and multi-currency settlement, presenting those services as potential extensions rather than completed launches.
Bitcoin.com previously added an Ethereum access route
Before the Solana announcement, Bitcoin.com outlined plans to add USDU wallet support on Aug. 19. The agreement covered its web and mobile self-custodial wallet, with USDU supported as an ERC-20 token on Ethereum.
According to Bitcoin.com, users would be able to hold, send, and receive the token while retaining control of their private keys. The company said availability would depend on local rules, with additional services relying on integrations from outside providers.
Beyond storage and transfers, Bitcoin.com said it planned to accept USDU for designated services and work toward payments between users and merchants across its products. Swaps and fiat purchase and sale functions were expected to follow when third-party providers supported the stablecoin.
The wallet announcement also included educational material explaining fiat-backed stablecoins, reserve attestations and regulated issuance. Bitcoin.com said users would receive that information through its Learn-to-Earn content and a dedicated stablecoin education series.
Solana payment products already serve business and remittance users
For U.S. business payments, Ramp described a separate Solana-based service in July that lets companies fund overseas stablecoin transfers from dollar bank accounts. Its Solana-powered stablecoin accounts, reported on July 22, support USDC and USDT rather than USDU.
Through Ramp Bill Pay, the company said customers could fund payments from a U.S. dollar bank account or Ramp Checking, with the money converted into USDC or USDT before delivery to a recipient’s wallet. Stablecoin balances sit alongside cash accounts and use existing approval policies and accounting integrations, according to Ramp.
The company said its service supported vendor payments in more than 140 countries and fiat payouts in over 40 local currencies. Ramp also reported that more than 1,000 businesses used stablecoins for vendor payments, with over 70% of their payment volume occurring outside traditional banking hours.
In consumer remittances, Western Union and Rain launched the Stablecard wallet on Aug. 4 across 37 markets, according to an Aug. 5 report. The product uses Western Union’s USDPT stablecoin, issued on Solana by Anchorage Digital Bank and redeemable 1:1 for U.S. dollars.
According to Western Union, customers can receive eligible remittances into Stablecard, transfer USDPT from compatible wallets or exchanges, and spend through Visa merchants or withdraw through ATMs. Rain built the application, embedded wallet, and card infrastructure, while the product’s disclosures state that ATM charges, foreign exchange costs, and other fees may apply.
Shiba Inu is one of the most-traded meme coins in crypto, listed on most large centralized exchanges and on decentralized exchanges such as ShibaSwap and Uniswap. The fastest way to buy SHIB is through a regulated exchange such as Binance, Coinbase, or Kraken: create an account, verify your identity, add a payment method, and buy SHIB against USD or USDT. Once your ID is approved, the purchase itself takes a few minutes.
SHIB traded at about $0.0000052 on October 13, 2026, with a market cap of roughly $3.1 billion and a circulating supply of about 589 trillion tokens, according to CoinGecko. At that price, $100 buys roughly 19 million SHIB before fees. Here’s where to buy it, what each route costs, and how to pay with a card.
ExchangeBest ForTrading FeeCard Payments and AccessBinanceLiquidity & low fees0.10% spot (0.075% with BNB)Credit and debit cards where available; not open to US residentsCoinbaseUS beginnersSpread plus a fee that varies by payment methodDebit cards and bank transfers; no credit cards for SHIBKrakenSecurity-conscious buyers1% Instant Buy; Kraken Pro 0.40% maker / 0.80% taker at entry tierDebit only in the US; 3D Secure cards elsewhereCrypto.comMobile usersFee shown in the trade preview; card fees vary by countryCredit, debit, Apple Pay and Google PayKuCoinAltcoin variety0.10% spotNot open to US residentsRobinhoodUS stock investorsNo fee by default (spread built into the price); optional fee tiers of 0.00% to 0.95%US, EU, and UK; bank transfer or debit card in the US
Fees as of October 13, 2026. Card fees exclude spreads and any charges from your card issuer.
1. Binance: Best for Liquidity and Low Fees
Binance runs one of the most active SHIB markets. Its SHIB/USDT pair alone traded more than $9 million in the 24 hours to October 13, 2026, according to CoinGecko, so slippage is minimal on typical retail orders. You can also trade SHIB against USDC, FDUSD, and fiat currencies such as EUR and TRY.
The standard spot trading fee is 0.10%, which drops to 0.075% if you pay fees with BNB. Card, Apple Pay, and Google Pay purchases are available in supported regions, and Binance shows the exact fee on the confirmation screen, since it varies by country, currency, and payment provider. Identity verification is required before you can buy SHIB.
Binance.com is not available to US residents. In most states, they can use the separate Binance.US platform, which offers SHIB and in August 2026 added Apple Pay, Google Pay, and debit and credit card funding. Our Binance review covers the exchange’s fees and security in more detail.
Step-by-step on Binance:
Go to binance.com and create an account
Complete identity verification (government ID required)
Deposit via bank transfer, card, or crypto, or buy SHIB directly through Buy Crypto
Navigate to Trade → Spot and search “SHIB”
Choose SHIB/USDT or SHIB/USDC, pick a market or limit order, and click Buy SHIB
Tokens appear in your Spot Wallet as soon as the order fills
2. Coinbase: Best for US Beginners
Coinbase is the most straightforward on-ramp for first-time buyers in the US. The app is clean, and the company is listed on Nasdaq under the ticker COIN and joined the S&P 500 in May 2025, which brings a level of public disclosure not every exchange can claim.
In the US, you can pay with a linked bank account, a debit card, a wire transfer, or PayPal. Coinbase’s SHIB pages for the US, UK, Canada, Germany, and Australia all state that credit cards cannot be used to buy SHIB. The minimum purchase is $1, and fees appear in the trade preview before you confirm: simple buys include a spread plus a transaction fee that depends on your payment method.
Bank transfers through ACH are free to deposit, but the funds may not be immediately available for withdrawal. SHIB trades against USD directly, so no stablecoin conversion is needed. Visit the SHIB page on Coinbase to check the live rate, or read our full Coinbase review.
3. Kraken: Best for Security-Conscious Buyers
Kraken, founded in 2011, is one of the longest-running crypto exchanges and says it was the first to publish proof-of-reserves reports. SHIB trades against the US dollar, and the exchange suits buyers who value a long track record over the lowest possible fee.
Kraken reworked its fees in July 2026. Buying through the Kraken app or Instant Buy costs a 1% trading fee plus a spread, and card, Apple Pay, and Google Pay payments add a processing fee shown before you confirm. Kraken Pro, the order-book platform, charges 0.40% for makers and 0.80% for takers on accounts with less than $2,500 in 30-day volume. Rates fall to 0.30% and 0.60% from $2,500 in 30-day volume, and to 0.22% and 0.38% once you trade $10,000 in 30 days or hold $20,000 on the platform.
In the US, Kraken accepts debit cards only and does not serve residents of New York or Maine; customers elsewhere can use credit and debit cards that support 3D Secure. Card purchases start at $10, weekly card limits range from $1,000 to $5,000, and withdrawals of card-funded purchases can be held for 72 hours.
4. Crypto.com: Best for Mobile Users
Crypto.com’s app is built for phone-first buyers. Its SHIB buying guide lists ACH bank transfers, which are often free, plus credit and debit cards, Apple Pay, and Google Pay. Crypto.com does not publish a fixed card rate: its help center says an admin fee may apply and is shown in the trade preview before you confirm, and its Apple Pay guide says the fee varies by country.
If you want to set your own price, the Crypto.com App supports limit orders, and, where available, the separate Crypto.com Exchange runs SHIB/USD and SHIB/USDT order books.
5. KuCoin: Most Altcoin Exposure
KuCoin lists more altcoin pairs than most exchanges and runs one of the busiest SHIB/USDT markets, with about $10.5 million in 24-hour volume on October 13, according to CoinGecko. Spot fees start at 0.10%, which makes it useful if you want to diversify beyond SHIB into smaller tokens from the same account.
KuCoin has required identity verification for new and active users since August 2023, so it is no longer a no-KYC option. It is also closed to US residents: in January 2025, its operator pleaded guilty in a US federal court to running an unlicensed money-transmitting business, agreed to pay about $297 million, and committed to stay out of the US market for at least two years.
6. Robinhood: Best for US Stock Investors
Robinhood lists SHIB for US customers alongside stocks and ETFs, which is convenient if you already invest there, and it also offers SHIB to crypto customers in the EU and the UK. By default, it charges no separate fee and earns a spread built into the price you see; for some coins, customers can turn on exchange routing, which uses volume-based fee tiers of 0.00% to 0.95%.
Robinhood now lets verified users send SHIB to an external wallet as an ERC-20 transfer, with the estimated network fee added to the amount sent. Enabling transfers can take up to five business days. More active traders can use Robinhood Legend, its desktop platform, where crypto orders always use the fee tiers.
Other options: OKX and Bybit also run active SHIB/USDT markets, with availability depending on your country. Card on-ramps such as MoonPay and Paybis sell SHIB straight to a wallet, usually at higher fees than exchanges charge.
How to Buy Shiba Inu (SHIB) Step by Step
The process is the same on almost every centralized exchange:
Pick a platform available where you live. US residents can choose Coinbase, Crypto.com, Robinhood, Kraken, or Binance.US, but Kraken does not serve New York or Maine, and Binance.US is unavailable in 16 states and territories, including New York and Texas. Binance.com and KuCoin are not open to US residents
Create an account and verify your identity. Expect to upload a government ID and, on some platforms, a selfie or proof of address
Add a payment method. Bank transfers are the cheapest; debit cards, credit cards, Apple Pay, and Google Pay are faster but cost more
Search for SHIB and enter an amount. Most apps let you spend a dollar amount, so you don’t need to count tokens. Use a limit order on the trading screen if you want to set your own price
Review the quote and confirm. Check the spread, the fee, and the final SHIB amount before you tap buy
Decide where to keep it. You can leave SHIB on the exchange or withdraw it to your own wallet over the Ethereum (ERC-20) network
How to Buy SHIB with Credit Card, Apple Pay, or Google Pay
Card payments are the quickest way to buy SHIB, but also the most expensive, and the rules differ between debit and credit cards.
Credit/Debit Card:
In the US, Coinbase and Kraken accept debit cards only, and Coinbase states that credit cards cannot be used to buy SHIB
Crypto.com accepts both credit and debit cards in the US, and Binance.US added debit and credit card funding in August 2026. Card on-ramps such as MoonPay also take credit cards, charging up to 4.5% with a minimum fee of up to $3.99
Outside the US, Binance takes Visa and Mastercard credit and debit cards where available, and Kraken accepts credit and debit cards that support 3D Secure, but Coinbase does not accept credit cards for SHIB in markets such as the UK, Canada, and Australia
Card fees come on top of the spread. Coinbase, Crypto.com, Kraken, and Binance show the exact card fee before you confirm, while MoonPay lists card fees of up to 4.5%
Many card issuers treat crypto purchases as cash advances, which means an upfront fee and interest from day one. JPMorgan Chase, Bank of America, and Citi stopped approving crypto purchases on their credit cards in 2018, and policies still vary by issuer, so check with your bank first
Apple Pay / Google Pay:
Coinbase, Crypto.com, Kraken, and Binance (where available) accept Apple Pay and Google Pay, and Binance.US added both in August 2026
These payments run on the card stored in your phone’s wallet, so card fees and cash-advance rules still apply: Crypto.com shows its card fee in the trade preview, and MoonPay charges up to 4.5%
PayPal:
PayPal does not let you buy and hold SHIB in its own crypto service, which supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Solana, Chainlink, and PayPal USD
US Coinbase customers can buy SHIB with PayPal, and MoonPay accepts PayPal in the US at up to 4.5%
Bank transfers (ACH in the US, SEPA in Europe) remain the cheapest on-ramp. Crypto.com notes that ACH deposits are often free, and Coinbase does not charge for ACH deposits. If you’re buying more than a small amount, funding by bank transfer and then buying SHIB on the exchange usually costs less than paying by card.
Can you buy SHIB with a credit card without verification? Not on the major exchanges. Binance, Coinbase, Kraken, and Crypto.com all require identity checks before you can pay by card. Some on-ramps, such as Paybis, allow purchases of up to $1,000 without identity documents, but you still need an account, and larger amounts require full verification. Treat any site promising anonymous, unlimited card purchases with caution. The main account-free route is a decentralized exchange, and that requires crypto you already own.
How to Buy SHIB Without KYC: Using a DEX
If you already hold ETH or a stablecoin such as USDC in a self-custody wallet, you can buy SHIB without an account on any centralized exchange.
Option 1: ShibaSwap ShibaSwap is Shiba Inu’s native decentralized exchange, built on Ethereum. Connect MetaMask or Trust Wallet and swap ETH or USDC for SHIB directly on shibaswap.com. You pay Ethereum gas in ETH, so keep a little in the wallet; check today’s Ethereum price before you top up. Gas was low in October 2026, with a swap costing about $0.10 on October 12, according to Etherscan’s gas tracker, but fees can spike when the network is busy.
Option 2: Uniswap Uniswap also has SHIB pools. Same process: connect a Web3 wallet and swap ETH for SHIB. On large swaps, it is worth comparing the quote with a DEX aggregator, which routes across several pools and can return a slightly better rate.
For either option, verify the SHIB contract address before swapping. The official Ethereum contract, as listed on CoinGecko, is 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce. Fake tokens with similar names exist, and the official Shiba Inu website is the place to confirm ecosystem details.
Where to Store SHIB After Buying
Leaving SHIB on an exchange is convenient but carries custodial risk. For amounts worth taking seriously:
Hot Wallets (free, good for active traders):
MetaMask: the most widely used Ethereum wallet, supports SHIB natively
Trust Wallet: mobile-first, multi-chain support
Cold Wallets (hardware, best for long-term holding):
Ledger: the Nano X and Nano S Plus, plus the touchscreen Nano Gen5, Flex, and Stax, all hold SHIB through the Ethereum app. See our Ledger review
Trezor: the current Safe 3, Safe 5, and Safe 7 support ERC-20 tokens such as SHIB; the older Model T has been discontinued. See our Trezor review
When you withdraw SHIB to a personal wallet, use the Ethereum (ERC-20) network unless your wallet is set up for another chain. Some exchanges also offer SHIB on other networks, such as BNB Smart Chain. The receiving address can look identical, but tokens sent over a network your wallet doesn’t track can be hard or impossible to recover. Send a small test amount first, double-check the address, and never share your seed phrase.
Scammers target SHIB holders constantly. On October 12, 2026, long-time community member Mazrael warned that a viral “SHIB airdrop” promoted on X was a wallet drainer: the site asks you to connect a wallet and sign an approval that lets the attacker move your tokens. There is no such airdrop. Stick to the official site, shib.io, and treat any link that asks you to “claim” SHIB as a scam. The older shibatoken.com domain stopped redirecting to shib.io in April 2026, so don’t rely on it.
Is SHIB Still Worth Buying?
SHIB traded around $0.0000052 on October 13, 2026, about 94% below its all-time high of $0.00008616 from October 28, 2021, and roughly 51% lower than a year earlier, according to CoinGecko. The token’s trajectory depends largely on whether Shibarium, its Layer-2 network, can generate steady transaction volume rather than speculative spikes.
The past year tested that case. In September 2025, attackers compromised the keys of 10 of Shibarium’s 12 validators and drained funds from its bridge to Ethereum. In February 2026, the team launched “Shib Owes You” (SOU) NFTs, on-chain claims that record what each affected user is owed and are meant to shrink as payouts are made. Activity has stayed thin since: by late August 2026, K9 Finance had wound down and moved its KNINE token and liquidity from Shibarium to Base, and the network was processing about 1,500 transactions a day.
The burn mechanism gets attention, but with about 589 trillion tokens in circulation, even large burns barely move the supply. A one-day burn of 173 million tokens, reported on January 1, 2026, removed roughly 0.00003% of circulating SHIB. Our look at why SHIB’s burn rate is the wrong number to watch explains which metrics matter more.
Our SHIB price prediction for 2026 and beyond breaks down the technical levels and catalysts in detail. For those with a longer horizon, the SHIB forecast through 2030 outlines the bull and bear cases around Shibarium’s long-term growth.
SHIB is a speculative asset. Buy only what you’re prepared to hold through extended drawdowns, and check CoinGecko’s live SHIB data before making any decision.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risk.
FAQ
Can I buy SHIB with a credit card?
Yes, but not everywhere. In the US, Crypto.com accepts credit cards, Binance.US added credit card funding in August 2026, and on-ramps such as MoonPay take them at up to 4.5%. Coinbase does not accept credit cards for SHIB, and Kraken takes only debit cards in the US. Many card issuers treat crypto purchases as cash advances, so check your bank’s fees and interest terms before paying.
Where can I buy Shiba Inu coin in the USA?
US residents can buy SHIB on Coinbase, Kraken, Crypto.com, Robinhood, and Binance.US, but availability depends on your state. Kraken does not serve New York or Maine, and Binance.US is unavailable in 16 states and territories, including New York and Texas. Binance.com and KuCoin do not accept US customers at all. Every platform on this list requires identity verification before your first purchase, so have a government ID ready.
How much SHIB can I buy for $100?
At about $0.0000052 per token on October 13, 2026, $100 buys roughly 19.2 million SHIB before fees. The amount you actually receive depends on how you pay: card purchases add processing fees on top of the spread, while bank-funded trades on an order book such as Kraken Pro or Binance cost less. The price changes constantly, so check the final SHIB amount in the quote before you confirm.
Can I buy SHIB with Apple Pay, Google Pay, or PayPal?
Yes. Coinbase, Crypto.com, Kraken, and Binance accept Apple Pay and Google Pay where available, and Binance.US added both in August 2026. These payments use the card in your phone’s wallet, so card fees still apply. PayPal’s own crypto service does not support SHIB, but US Coinbase customers can buy SHIB with PayPal, and MoonPay accepts PayPal in the US at up to 4.5%.
Is Shiba Inu available on Robinhood?
Yes. Robinhood lists SHIB in all US states and also offers it to crypto customers in the EU and the UK. By default, US trades carry no separate fee, with Robinhood earning a spread built into the price, and for some coins customers can switch to exchange routing with fee tiers of 0.00% to 0.95%. Verified users can withdraw SHIB to an external wallet as an ERC-20 transfer.
Can I buy SHIB without verification?
Not on the major exchanges. Binance, Coinbase, Kraken, Crypto.com, and KuCoin all require identity verification before you can buy. Some on-ramps, such as Paybis, allow purchases of up to $1,000 without identity documents, but you still need an account. The main account-free route is a decentralized exchange such as ShibaSwap or Uniswap, where you swap ETH or USDC from a self-custody wallet for SHIB.
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.
Just $1 worth of SHIB was burned in the last 24 hours, according to the Shibburn page, highlighting the relatively small scale of the burn activity over the past day.
According to the Shibburn page, 192,678 SHIB was burned in the last 24 hours. This small amount follows the Shiba Inu burn page seeing a brief disruption, which interrupted visibility into the latest burn figures, making burn activity unavailable for users checking the tracker. This caused the total burn in the last 24 hours to briefly show $0.
Shortly afterward, the reported 24-hour burn total showed 192,335 SHIB burned, with burn activity now available. While the update suggests that burn activity is being reported again, the figure remains modest compared with larger burns that have occasionally attracted attention within the Shiba Inu ecosystem. Subsequently, the daily burn rate fell 14.22%.
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In the last seven days, a total of 176.35 million SHIB was burned, and a total of 709.44 million SHIB was burned in the last 30 days.
SHIB priceThe crypto market largely traded in the red as liquidations rose 143% in the last 24 hours to $759 million. Heavy trading, shrinking open interest (OI) and forced closures might imply leverage is being flushed out, not added.
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At the time of writing, SHIB was down 3.64% in the last 24 hours to $0.00000522 following yesterday's price crash. SHIB price further fell to a low of $0.00000502 before slightly recovering.
Investors look ahead to key economic data releases this week, including the latest inflation print.
September's annual inflation rate, due out Wednesday, is expected to come in at 3.7%, according to consensus forecasts, up from August's 3.4% print. Consumer prices, which exclude food and energy, are expected to rise to 2.5% from 2.4% in August on an annualized basis.
The inflation data will be followed on Thursday by September's monthly producer price index and retail sales data.
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
While major cryptocurrencies remain choppy, STX, the native token of the Bitcoin layer-2 project Stacks, is rallying. The cryptocurrency has surged nearly 10% in 24 hours, 14% over the past week and more than 50% in four weeks, outperforming bitcoin BTC$83,473.49, ether ETH$2,515.18, XRP (XRP) and other cryptocurrencies.
The outperformance likely reflects investor interest in Stacks’ non-custodial bitcoin staking architecture. This framework lets BTC holders stake and earn yield directly on the main Bitcoin blockchain while retaining strict control of their private keys. In contrast, traditional frameworks require users to wrap their assets into synthetic tokens (like wBTC) or move funds over cross-chain bridges to earn additional yield.
Stacks’ framework relies on a mechanism called "bonding," which requires participants to lock up assets to secure the network. The "Bonding Period 3,” due in November, requires participants holding native STX to lock a specific ratio of STX alongside their BTC — equivalent to roughly 5% of the total value of their BTC — to successfully secure protocol stacking capacity.
This creates a positive feedback loop for STX: As more BTC moves into the Stacks ecosystem, a larger portion of STX is systematically locked up and removed from the active market. By tying bitcoin liquidity directly to STX scarcity, the architecture skews demand-supply dynamics heavily in favor of long-term price appreciation.
Period 3 follows Periods 1 and 2, which served as preparatory phases to safely transition signers and bootstrap initial liquidity.
STX is not the only coin to have surged over 24 hours. BDX, REDNER, and PYTH are other major gainers, adding 6% each. It’s a sign of liquidity increasingly pivoting to coins other than the major cryptocurrencies.
Still, the broader context remains tightly bound to macroeconomic indicators. Analysts are getting ready for Wednesday’s U.S. Consumer Price Index (CPI) report, which could heavily influence expectations for upcoming Federal Reserve interest-rate decisions. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trendingLedger says 'spy' chip inside CryptoBilis Ledger devices transmitted wallet keys over mobile network (CoinDesk): Covert hardware implanted in some Ledger crypto wallet devices read users’ 24-word recovery phrases and sent them to an attacker over a mobile phone network.Global semiconductor stocks sell-off over AI boom worries pulls Asian shares lower (AP): Global shares were mixed, but a selloff in chipmaker shares pulled Asian shares lower, with South Korea’s benchmark Kospi index falling more than 5%. U.S. futures edged higher, and oil prices fell.Bitcoin whale that sat through the March 2020 crash moves $378 million (CoinDesk): A bitcoin whale who received their coins days before the Covid crash of March 2020 and sat through it has moved $377.6 million worth of BTC.U.S. Treasury yields fall as energy prices pull back (CNB): Bond yields fell after energy prices dropped in early trading as investors looked ahead to key economic data releases this week.Today’s signalEther's daily chart. (TradingView)The chart shows ether’s daily price swings in candlestick format.
The second-largest crypto by market value has fallen back into its established yellow consolidation rectangle. It is currently clinging tightly to that range.
If prices break past the upper end of the consolidation, the market may revisit the recent high of $2,800. If the dual support of $2,400 — the lower end of the consolidation and the bullish channel — gives way, then it would mean an end to the rally from the July lows.
Stacks (STX) has climbed 6.74% in the past 24 hours to $0.4119, extending its weekly gains to 10.28% as interest grows around the network’s Bitcoin staking program and its upcoming November bonding period.
Summary
Stacks gained 6.74% over 24 hours and traded near $0.4119, according to supplied CoinGecko data. STX recorded $108.7 million in daily trading volume, with market capitalization reaching approximately $772 million. Stacks requires participants to lock STX worth 5% of their Bitcoin holdings for protocol bonding. Analyst Elite Crypto identified $0.476 resistance and suggested $0.70 as a potential breakout price target. The third Bitcoin staking bonding period is expected around November 10, according to CoinMarketCal’s calendar. CoinGecko market data showed STX recording approximately $108.7 million in daily trading volume, with a market capitalization of $772.4 million. The cryptocurrency traded between $0.3776 and $0.46 during the previous 24 hours, outperforming several major digital assets during the observed period. Its gains followed the launch of Stacks’ institutional Bitcoin staking program, which requires participants to lock STX alongside their Bitcoin holdings.
Stacks price rises as Bitcoin staking attracts attention According to CoinGecko data, STX had risen 10.28% over seven days, while another performance snapshot showed gains of 29% over 14 days and 51.5% over 30 days. The token remained approximately 89.3% below its all-time high of $3.86 despite the recent recovery.
Stacks’ rally comes as the blockchain develops financial services that allow Bitcoin holders to earn BTC rewards without transferring their assets through traditional cross-chain bridges. Its self-custodial staking system lets participants lock Bitcoin directly on the main Bitcoin blockchain while retaining control of their private keys.
Stacks Labs explained that participants must pair their BTC with STX worth approximately 5% of the Bitcoin position’s value. The required STX allocation determines the staking capacity a participant can access during a bonding period.
The program distributes Bitcoin rewards generated through Stacks’ Proof of Transfer mechanism. Miners contribute BTC when competing to produce blocks, and the network allocates those rewards to eligible participants.
Under the initial arrangement, approved participants lock their assets for approximately six months and receive BTC rewards weekly. Stacks has stated an annualized target yield of approximately 3%, although the actual amount depends on mining activity and network conditions.
The recent STX price rally linked to Bitcoin staking followed growing participation in the protocol’s first institutional bonding program. The initial Genesis Bond attracted approximately 230 BTC and 3.57 million STX from participants including 21Shares, HashKey Cloud, UTXO Management and Sypher Capital.
Stacks prepares third Bitcoin staking bonding period Following the initial program launch, attention has turned toward Bonding Period 3, expected to open around November 10. CoinMarketCal listed the event as the next stage of Stacks’ Bitcoin staking program, although the calendar date remains an estimate.
Under the protocol’s current design, participants must lock STX valued at 5% of their bonded BTC holdings. The mechanism creates demand for STX from users seeking to access Bitcoin staking capacity, with the required quantity determined by the value of the Bitcoin committed.
For example, a participant bonding $1 million worth of BTC would need approximately $50,000 in STX under the current ratio. The requirement applies to the initial PoX-5 phase, while the future PoX-6 system is designed to determine its ratio through market-based mechanisms.
Stacks Labs confirmed in its October 7 technical update that PoX-5 began operating after the July 30 hard fork. During this phase, the Stacks Endowment sets bonding capacity, target yield and the BTC-to-STX ratio.
Each bonding period lasts approximately six months, with new periods opening around once a month. Direct participation remains limited to approved participants during the initial phase, while pooled staking provides another route for users seeking exposure.
The subsequent PoX-6 phase is intended to remove the whitelist and introduce open auctions for staking capacity. Stacks Labs has not announced a confirmed activation date, saying the next phase depends on development progress and governance approval.
STX price approaches key resistance near $0.45 Following the recent rally, STX has approached an important resistance region between $0.45 and $0.476. Crypto analyst Elite Crypto suggested that the token had broken out of a descending wedge pattern after reclaiming earlier price levels around $0.203 and $0.288.
While $BTC is pulling back, $STX is moving in the opposite direction.
STX has broken out of a long descending wedge and reclaimed the $0.203 and $0.288 levels. Price is now pushing toward $0.476 resistance.
Normally, STX tends to take cues from BTC because it's part of the… https://t.co/ZGZJ3jEzoD pic.twitter.com/RSATIKd8th
— Elite Crypto (@TheEliteCrypto) October 13, 2026 The analyst identified $0.476 as the next resistance level and outlined $0.70 as a possible target if STX breaks above that threshold. His projection depends on confirmation of the breakout and does not establish that the cryptocurrency will reach the proposed price.
The supplied daily chart showed STX recovering from August lows near $0.12, forming higher highs and higher lows through September and October. Its latest recorded daily high was $0.4502, while support remained near $0.40, followed by 0.35–0.37.
The Moving Average Convergence Divergence indicator supported the recent bullish price structure, although momentum showed signs of slowing. The MACD line stood at 0.0307, slightly above its signal line at 0.0301, while the histogram remained positive at 0.0006.
The narrow distance between the two MACD lines indicated that upward momentum had weakened compared with earlier stages of the recovery. A bearish crossover would increase the possibility of short-term consolidation or a correction, according to the supplied technical analysis.
Stacks (STX) price chart, source: TradingView Meanwhile, the Relative Strength Index stood at 70.95, above its moving average of 68.15. The reading placed STX slightly above the conventional overbought threshold of 70, indicating strong buying momentum alongside increased potential for profit-taking.
A sustained move above $0.45 would strengthen the near-term bullish structure, while a drop below $0.40 could expose the cryptocurrency to lower support around $0.35.
Bitcoin staking program continues expanding through PoX-5 The Stacks Bitcoin staking system began its institutional rollout in September 2026, with the Genesis Bond opening to approved participants. Stacks Labs announced that the program included participation from UTXO Management, 21Shares, HashKey Cloud and Sypher Capital.
Through the protocol, Bitcoin remains locked on the main network using timelock transactions, while the corresponding STX position is committed on Stacks. Participants retain their Bitcoin keys, and the protocol does not use wrapped BTC for its self-custodial staking arrangement.
The system does not include protocol-level slashing of bonded BTC, according to Stacks Labs. However, participants remain exposed to changes in STX prices, the period during which their assets are locked and potential risks involving new smart contracts.
Stacks’ technical documentation states that early withdrawals can return bonded BTC while forfeiting remaining yield. The paired STX commitment remains locked for the original bonding period.
The protocol’s next development stage, PoX-6, will require another governance proposal and approval through the Stacks Improvement Proposal process. Stacks Labs said engineers would use data gathered during PoX-5 to determine the auction mechanisms, reward calculations and participation requirements for the future system.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Just recently, Binance has made an announcement that it will close Binance Pool mining service operations by November 10, 2026, at 07:00 UTC. As a result, affected miners will have to join other companies. The company tweeted:
As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services on 2026-11-10 at 07:00 UTC. This includes Pool Savings, Cloud Mining, Transaction Accelerator, and related features.
In accordance with the news, the termination will stop all mining connectivity and mining share submissions after the specified date. The other services like Pool Savings, Cloud Hashrate, Transaction Acceleration and mining pool API services provided by Binance will also be terminated.
Even though Binance Pool is going to close down, it does not mean that the mining of bitcoin will cease. This is mainly because Miners can contribute mining computing power in other competing pools.
Will Binance Pool’s Closure Affect BTC Prices? The immediate impact on Bitcoin (BTC) prices could remain limited if miners migrate successfully and maintain their operations. Since the announcement, BTC miners’ activity has not changed as such.
Bitcoin miner outflows have just slightly increased but there is no notable landslide move or behavioural change. The distribution is still conforming to normality. However, the analysis is based on the recent data, just hours after the announcement.
Source: CryptoQuant As per the announcements, miners can join mining pools to pool their computational power and get more reliable payouts. In this regard, the shutdown of Binance Pool will likely lead to a redistribution of the hashrate between competing pools rather than its total elimination.
Nevertheless, some delays during switching to another pool can cause idle time of the mining hardware and decrease profits of the corresponding miners. In case of increased pressure on miners financially, some may be forced to sell their Bitcoins, which will result in additional selling pressure.
Either way, the above-mentioned situation cannot be considered confirmed by the announced news. Time will tell.
As it stands, Binance’s announcement has not resulted to any significance change on either BTC or its native token, BNB. At the time of writing BTC has just booked a 0.05% drop while BNB has dropped by 1.48%.
Binance will close Binance Pool and several services related to crypto mining on November 10, 2026, at 07:00 UTC. Pool Savings, Cloud Mining, and Transaction Accelerator will also disappear. The exchange is already asking miners to redirect their machines to another pool. Binance does not give any specific financial or regulatory reason and simply talks about a regular review of its products and services.
In brief
Binance Pool will close on November 10 at 07:00 UTC.
Cloud Mining, Pool Savings, and Transaction Accelerator will also disappear.
Miners will need to reconfigure their machines before shutdown.
Binance closes its crypto mining pool after six years
The decision ends a service launched on April 27, 2020. Binance Pool started with Bitcoin mining and an FPPS model designed to distribute revenue more evenly among participants. Like other Bitcoin mining pools, it allows crypto miners to pool their computational power and smooth out their rewards.
Six years later, Binance shuts everything down. Starting November 10 at 07:00 UTC, Stratum addresses and the various connection points used by machines will be disabled. Any computational power sent after this time will no longer be accepted, processed, or credited.
The closure goes beyond the crypto pool alone. Pool Savings, Cloud Mining, Transaction Accelerator, hashrate alerts sent via Telegram, certain email notifications, and mining-related APIs are also affected.
Links to Binance Pool will disappear from the site the same day. However, the pages will remain accessible until November 24 at 07:00 UTC to allow users to consult their history, accounts, and payment status. Afterwards, they will become permanently inaccessible.
Miners must migrate before November 10
Binance asks users not to wait for the shutdown. Machines currently connected must be configured to another crypto pool before November 10. Positions still active in Pool Savings must also be withdrawn or refunded.
The last eligible rewards will be calculated from the shares submitted before the shutdown. Binance will then be able to process balances, refunds, and remaining settlements according to the rules of the products concerned and the applicable compliance checks.
The timing arrives during an already complicated period for mining the leading crypto. In June, mining difficulty had dropped by 10.09% after a significant contraction in the network’s computational power. Profitability remains sensitive to the price of bitcoin, the cost of electricity, and the performance of new generations of machines.
The exact size of Binance Pool also deserves clarification. It is said to be nearly 65 EH/s, or 7 to 8% of Bitcoin’s hashrate. Public data from mempool.space shows a much lower figure: for the week of September 28, Binance Pool represented about 15.09 EH/s, or 1.61% of the network. The methodologies are not identical. It is therefore better to avoid presenting the 7 to 8% as an indisputable measure.
Binance does not give a specific reason
The exchange remains very discreet about the reasons for this closure. Its official announcement only mentions a “continuous review” of its products and services. Binance does not cite any decline in profitability, regulatory constraint, or technical problem.
It is therefore impossible to officially attribute the decision to any of these factors. However, the sector is changing rapidly. Several historic mining companies are reducing some capacities or seeking more revenue in data centers and computing for artificial intelligence.
In six months, the realized hashrate of listed miners tracked by Blocks Bridge Consulting had declined by 21.2% excluding Bitdeer. Binance chooses a more radical path for its own service: complete closure. This does not mean the end of Bitcoin mining. The power currently directed to Binance Pool can simply migrate to Foundry, Antpool, ViaBTC, F2Pool, or other competitors. For Binance Pool users, the important date is now known: November 10, 07:00 UTC.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The late September surge for Quant [QNT] has been followed by an ongoing battle between decreasing purchasing power and aggressive seller activity.
The price rose from under $100, reaching a high of $373.66 before it was sharply rejected due to traders locking in profits.
After reaching $325, buyers were unable to recover their peak high, creating a new low high. This simply indicated diminishing demand. Since the 2nd of October, selling activity has slowly forced the price down into the $215-$220 area of support.
As of writing, the token had declined by 6% in the last 24 hours, trading at $219.34. This was an over 72% decline from the September high.
QNT’s current downward trend is becoming increasingly concerning. Each time the market rebounds, volume appears to decrease. Hence, if the price repeatedly touches its support areas, it will exhaust all potential buy order levels.
Source: TradingView
A four-hour close below $215 could trigger stop-loss selling toward $160–$180, threatening to erase much of the breakout’s remaining gains. However, a strong recovery above $225 after briefly dipping below support would suggest buyers are absorbing supply.
That could open a relief rally toward $250–$255. Until then, QNT remains vulnerable to a deeper correction.
QNT Open Interest falls as leverage unwinds
QNT’s rally was fueled by a surge in derivatives exposure. However, falling Open Interest (OI) now signals an ongoing market reset. From July through September 23, open interest remained near $11–$15 million as the price traded around the $60–$70 zone.
Source: CoinGlass
However, after the price broke out of this range and rose towards $373.66, the OI also moved up to $190 million.
Despite the downward trend, price and derivatives exposure remained high near $180-$190 million through mid-October, causing liquidation risk due to the trader’s position size.
Since the 2nd of October, OI has declined toward $120 million as QNT fell toward $225.81. This indicates that there are no massive additions to OI but rather liquidation of existing long positions.
Furthermore, the Funding Rates have shown a trend of repeated dips below zero and even reached a record low of -0.27% on the 4th of October prior to returning to neutral.
Source: CoinGlass
This combination suggests traders are closing positions rather than adding fresh exposure, weakening the case for an immediate recovery.
These movements indicate increased aggressive short selling activity within the futures contracts. However, funding rates cannot be used independently to determine market direction.
Looking forward, should QNT fail to hold above $215, additional closes may drive prices down to $196 or lower.
Conversely, rising prices alongside expanding open interest would provide stronger evidence of renewed conviction and a potential recovery.
Final Summary
Quant [QNT] faces further downside if selling pressure breaks $215 support.
QNT open interest drops from $190 million to $120 million as leverage unwinds.
Bitcoin OG @LLuciano_BTC shared his altcoin picks for the next six months, including Avalanche ($AVAX), Sui ($SUI), NEAR Protocol ($NEAR), Chainlink ($LINK), Stellar, Quant ($QNT) and Ondo.
Crypto commentator @LLuciano_BTC, a long-time Bitcoin holder with nearly 2 million followers, has published a list of the tokens he is watching over the next six months. The picks are grouped into five categories, running from layer-1 networks to decentralised finance (DeFi).
The assets highlighted from the list include Avalanche (@Avax, $AVAX), Sui (@SuiNetwork, $SUI), NEAR Protocol (@NEARProtocol, $NEAR), Chainlink (@Chainlink, $LINK), Stellar (@StellarOrg, $XLM), Quant (@quantnetwork, $QNT) and Ondo (@Ondo, $ONDO). The full list contains more names than those shown here.
What the selected tokens have in commonThe names cover a mix of base-layer blockchains and infrastructure projects. Avalanche, Sui and NEAR compete as smart contract platforms, while Chainlink, Quant and Ondo are tied more closely to the tokenisation of traditional financial assets.
That second theme has been gaining ground. Ondo is a platform for tokenising real-world assets such as US Treasuries and stocks, according to CoinMarketCap. In October 2025, Ondo Finance and Chainlink announced a strategic partnership that made Chainlink the official oracle provider for Ondo's tokenised stocks and ETFs, with its cross-chain protocol (CCIP) named the preferred solution for institutional cross-chain use.
Chainlink and Ondo have also worked with JPMorgan's blockchain unit. The Block reported that Kinexys, Chainlink and Ondo completed a test transaction that settled a tokenised US Treasuries fund across a public and a permissioned network.
Quant has also been linked to the sector. Coin-Turk reported that Quant, Ondo and Chainlink rallied sharply as real-world asset tokens advanced, with Quant's gains tied to UK banks using its infrastructure for tokenised deposit transactions.
A watchlist, not financial adviceLists like this reflect one person's view and do not predict how any token will perform. Crypto assets are volatile, and prices can move sharply in either direction over a six-month window. Readers should do their own research before acting on any watchlist.
Sources
PR Newswire: Ondo and Chainlink strategic partnershipThe Block: JPMorgan, Chainlink and Ondo Finance cross-chain settlement testCoinMarketCap: What is Ondo (ONDO)
Memecoins and Web3 have often been considered two separate worlds.
While Web3 projects are usually focused on building the utility blockchain ecosystem around a particular idea, memecoins like FLOKI rarely get this kind of attention. FLOKI’s sister project TokenFi, however, seems to be challenging this narrative with the release of Shield AI, an AI tool designed to scan smart contracts for potential bugs and security risks prior to launch.
In a X post, FLOKI’s developers described the project as part of “building the future of Web3.” The development of it is a sign that memecoin projects are beginning to look past their role as speculative assets and move into the realm of actual applications, like the use of AI for smart contract security.
Source: X
That said, how does AI integration exactly work in memecoin space? TokenFi unveiled that on X, describing how the adoption of Shield AI would bring the FLOKI ecosystem one step closer to its broader Web3 vision.
Smart contract bugs can be expensive to fix if not discovered before launch. TokenFi Shield helps developers with its AI-based vulnerability discovery tool that identifies potential issues so they can be fixed before launch. This increases the security of a project but should not be considered an alternative to a professional smart contract audit.
In short, the projects within the FLOKI ecosystem can utilize the power of AI for smart contract vulnerabilities to prevent such issues in the future, thus ensuring the safety of their users and potentially saving millions in losses. Naturally, the question becomes: Could this put FLOKI at the forefront of AI-driven Web3 innovation?
Can AI-integration strengthen FLOKI’s Web3 ambitions?
Floki [FLOKI] is rapidly transforming from a memecoin to a comprehensive crypto ecosystem.
For context, the main projects of the token are Valhalla, the blockchain-based NFT game, FlokiFi, the DeFi platform, and TokenFi, the tokenization utility. Apart from NFTs and DeFi, FLOKI also provides crypto trading services, staking, and Web3 technology to build an entire crypto experience around the token.
That makes Shield AI the latest addition to this line-up. But what does that mean for this ecosystem? As can be seen in the graph below, FLOKI’s smart contract transaction count fell from 80.4k in Q4 2024 to 26k in Q3 2026. This metric shows the number of transactions made with FLOKI’s smart contracts to perform on-chain operations. Thus, the drop in the transaction count indicates a decrease in the activity of these contracts.
Source: Token Terminal
Against this backdrop, Shield AI could be a key step for FLOKI.
With Shield AI, TokenFi seeks to improve smart contract safety by identifying possible vulnerabilities ahead of time. But whether it will gain much traction is another matter. If it does take off and developers adopt it to build within the FLOKI ecosystem, it will likely propel the token to greater adoption on-chain and expand its capabilities beyond just a memecoin.
Still, the move suggests that FLOKI is expanding its Web3 ecosystem. So, if it drives increased developer activity and on-chain engagement, it could help FLOKI gain a stronger foothold in the Web3 space.
Final Summary
Shield AI helps detect smart contract risks before launch.
More developer adoption could boost the memecoin’s on-chain activity.
An audit can reduce risk, but it can never guarantee that a DeFi protocol is safe. 1inch spoke to Vik from BailSec about what smart contract audits actually tell us, the risks that exist beyond the code and what stood out when BailSec audited 1inch Aqua.
Smart contract audits have become a standard part of DeFi security. But hacks still happen to audited protocols. And increasingly, the weak point may not be the smart contract at all.
So what does an audit really prove? And how should you assess the security of a new architecture such as 1inch Aqua?
1inch spoke to Vik from BailSec, one of the security firms that audited Aqua, about the limits of audits and the security implications of Aqua’s approach to liquidity.
When you assess the security of a DeFi protocol today, what are the biggest risks you look for beyond obvious smart contract bugs?Many risks come from beyond the code. We look at the ecosystem itself, composability, design patterns, economic attacks and governance.
Ecosystem-level risks involve things like flash loans, liquidity manipulation, unusual token variations and potential breaks caused by future EVM hard forks.
Composability is a core value proposition of DeFi. But it also means a system may be used in ways its authors did not intend when they wrote it. Assessing that risk requires long experience with protocol security and a broad understanding of how people actually use smart contracts.
Design patterns matter as well. Established standards such as ERCs and well-understood techniques can lead to more robust interactions. A well-designed protocol uses established patterns to solve standard problems so developers can focus on the parts that are genuinely new.
Then there are economic attacks. These include second-order vulnerabilities that go beyond smart contract security and require familiarity with how DeFi products actually get used.
Finally, there is governance risk. The question is: what happens if a trusted part of the system is not so trusted? A well-designed system takes a defense-in-depth approach and limits even privileged roles to the minimum permissions they need.
How should teams think about the limits of an audit? What can a strong audit establish and what can it never guarantee?Auditors are skilled experts, but they are limited by the scope of the engagement. We are limited both by time and by which portions of the system are under review.
An audit is also time-bound. If the client introduces additional complexity in the middle of the engagement, it may no longer be possible to achieve the coverage that the original time estimate was intended to provide.
And auditors can make mistakes. At BailSec, we rigorously test the auditors we work with and hire some of the best auditors in the space to dramatically reduce the risk that an auditing team misses a substantial bug. But that risk is never zero.
If an audit report contains many medium- and high-severity findings, that density can suggest there may be more bugs remaining after the review. In that case, we recommend engaging another audit team for a second round.
The development team might also change the code after the audit. We cannot ensure that those changes do not introduce new bugs or violate invariants that were verified during our audit.
Even without any of those issues, an audit can never guarantee that a codebase is bug-free or cannot be hacked. It provides a high degree of assurance that the system behaves as designed. It is not proof.
Even formal verification cannot ensure that a codebase is entirely free of unexpected behavior. Formal verification establishes that reviewed code matches a formal specification, but the specification itself may be incomplete. It could miss an attack vector. And the code eventually deployed may not be the code that was reviewed.
Smart contract audits used to be mostly about the contracts themselves. How much does security now depend on protecting the whole stack?Infrastructure and key compromise have become a major root cause of losses across the ecosystem by dollar value.
Unless otherwise specified, a smart contract audit typically does not include those components. Some may also contain intellectual property or trade secrets that a project does not want to disclose to a third-party smart contract auditing firm.
That makes it difficult for us to ensure that the combination of APIs, the frontend, infrastructure and other off-chain components maintains the invariants intended by the team.
Good smart contract design can go a long way toward mitigating these risks. Where possible, logic can be moved from off-chain components on-chain, while the mutability of on-chain components can be minimized.
Immutability is a desirable quality in a robustly designed smart contract system because it reduces exceptions and assumptions and can provide a higher degree of assurance.
What do SOC 2 and ISO 27001 cover that a smart contract audit cannot?These security controls and certifications help cover a missing component: the combination of smart contracts, off-chain components and the larger organization operating them.
The frameworks address the organization that builds and operates the system, including access controls, key management, change management, vendor risk and incident response.
Supply-chain attacks have also become a greater risk in recent years. These standards provide evidence that an organization has taken steps to reduce that risk. Controls over endpoints and personnel can also help reduce the risk of insider attacks.
There is an important distinction within SOC 2 between a Type I attestation, which looks at controls at a point in time, and Type II, which covers how controls operate over a period of time.
But SOC 2 and ISO 27001 are not magic bullets. Just as a smart contract audit cannot completely prevent a hack, these frameworks cannot eliminate risk. They reduce the risk caused by weaknesses in other components of the system.
BailSec audited 1inch Aqua earlier this year. What was unusual or particularly interesting about Aqua from a security perspective?First of all, Aqua was something very fresh and new to the DeFi world, which was refreshing for us to review. It was not another fork of something else.
Aqua has a special design in two respects. It allows a high degree of customizability and flexibility in the strategies through which market makers deploy their capital. And it increases capital efficiency by allowing makers to deploy the same capital into multiple strategies.
That customizability puts more responsibility on the software components used to design strategies. They need to follow robust compositional rules and avoid invalid strategy configurations that could result in a loss of funds.
Deploying the same capital across multiple strategies also means that, while capital efficiency increases, the exposure of a maker’s capital to an economic vulnerability in a strategy can increase as well.
Another unusual feature is the requirement for takers to explicitly specify the maker strategies they interact with. That is an inversion of the typical AMM design, where multiple makers put capital into a single pool and interaction with it does not depend on the number of underlying makers.
Aqua lets liquidity remain in the maker’s wallet until a taker fills a position. Does that create additional risks?Aqua’s design eliminates certain classes of attacks that can drain capital held in liquidity pools. Eliminating that line of attack improves the security posture of the design.
It also gives makers an effective mechanism for cutting off their exposure to undesirable strategies by docking or revoking allowances.
Some risk is not fully eliminated but instead moves from balances held in pools to ERC-20 allowances. Still, the overall posture is an improvement.
What about double-spending? If the same balance backs multiple strategies, can the same liquidity be used twice?The smart contracts themselves ensure that liquidity cannot be used twice.
But shared capital does mean that one strategy may run out of available liquidity because a neighboring strategy has consumed it.
It is also important to keep this shared-capital model in mind when calculating aggregate market depth, TVL or available liquidity. Otherwise, off-chain components that do not understand how the system works could count the same liquidity twice.
So the liquidity cannot be spent twice by the smart contracts, but it can potentially be counted twice by off-chain systems.
Aqua gives takers more flexibility. Can that flexibility also increase risk?Yes. The order in which liquidity is consumed by the taker can affect the price at which future swaps take place.
Off-chain components that assess liquidity therefore need enough domain knowledge to sequence interactions appropriately.
For makers, a single economically risky strategy could potentially produce losses affecting the capital deployed across strategies. For takers, the main risk is that a particular maker may run out of capital during a swap because of collateral sharing. Systems deciding how to use the available liquidity need to account for that.
All swaps should also be protected by appropriate slippage limits to reduce exposure to risks such as MEV and front-running.
Aqua has been audited. Does that mean it is safe?An audit cannot ensure total safety. The fact that Aqua has undergone multiple audits is a strong indication that its authors take security seriously. It also provides evidence that the security of the system has been improved from its initial implementation.
But protocol security is a continuum. It is not a single state. Completing audits with multiple expert teams moves a protocol further along that continuum, but issues can still slip through an auditor’s review. That is why it is important to engage multiple teams and put as many expert eyes as possible on the contracts.
Users should also consider the risks of interacting with DeFi products and avoid exposing themselves to losses they cannot tolerate.
For sufficiently technical users and partners, the published audit reports themselves provide details about the potential pitfalls of the system and exactly what the auditing teams considered as part of their reviews.
At BailSec, we always recommend reading the reports. For non-technical users, AI tools can now also make it much easier to summarize audit findings and understand what a report actually says about a protocol’s security.
Security is never a finished job. Audits, careful protocol design and ongoing review can reduce risk, but none can turn DeFi into a risk-free environment.
For more on blockchain security, subscribe to our newsletter
Ripple partners with Stripe-owned Privy to introduce embedded wallet functionality for the XRP Ledger.
Ripple has partnered with Stripe-owned wallet infrastructure firm Privy to integrate support for the XRP Ledger (XRPL) into Privy’s developer platform. The integration eliminates the need for developers to build their own wallet infrastructure, allowing them to add XRPL wallets to their applications with features including wallet creation and management, transaction signing, plus support for XRP, Ripple’s RLUSD stablecoin, and other assets on the network.
4 minutes ago
‘The Big Short’ Michael Burry: U.S. stocks may peak within 9 months, and is heavily shorting the Nasdaq 100 index and semiconductor sector.
The real-life inspiration for *The Big Short*, Michael Burry, said in a Substack post today that the U.S. stock market could be just 0 to 9 months away from a major top, noting that "the final months of this bull market could get very wild." According to his disclosure, his current short positions are concentrated primarily on put options for the Nasdaq 100 ETF (QQQ) and the semiconductor ETF (SMH). Both positions expire in spring 2027, with strike prices roughly 20% below current levels. Burry also remains short on Oracle (ORCL), MetLife (MET), Caterpillar (CAT), and Palantir (PLTR). He believes the market may already be in the late stages of this bull run, but expects significant volatility could still occur before the major top is reached.
4 minutes ago
Solana's Alpenglow consensus upgrade will launch on mainnet-beta on October 21, cutting block finalization time to 150 milliseconds.
According to official announcements, Solana research and development firm Anza has announced that Alpenglow will launch on Solana’s mainnet-beta at approximately 22:50 UTC+8 on October 21. The 18-month-long upgrade will complete the migration in a single slot, cutting block finalization time from several seconds to roughly 150 milliseconds. Alpenglow will replace the TowerBFT consensus protocol that Solana has used since its mainnet launch. The upgrade combines the latest consensus research advancements with erasure-coded data distribution technology, aiming to boost block confirmation speeds across the global network to as close to physical limits as possible. Alpenglow is expected to deliver a more efficient underlying infrastructure for 24/7 global capital markets, supporting high-throughput transactions and near-instant settlement. For institutional users, the protocol will reduce transaction settlement time from the typical 1–3 business days to around 150 milliseconds, while providing cryptographic guarantees and enabling direct on-chain payment processing to cut down on intermediaries and reconciliation requirements. For developers, faster confirmation speeds will improve Web3 application responsiveness, reduce wait prompts and retry logic, and bring on-chain app interaction experiences closer to those of traditional internet applications. Additionally, Alpenglow will offer a more suitable on-chain transaction environment for AI agents to execute high-speed operations. Combined with payment tools like x402, AI agents will be able to complete payments and other on-chain operations more efficiently without permission, lowering transaction friction. This upgrade will further strengthen Solana’s support for use cases including high-frequency trading, institutional financial services, Web3 applications, and the AI agent economy.
4 minutes ago
Apple's stock price hits an all-time high, currently trading at $346.1.
According to BIT (bit.com) market data, Apple (AAPL.O) stock has hit a new all-time high, currently trading at $346.1, up 1.5%.
4 minutes ago
Goldman Sachs CEO denies resignation rumors, saying there are currently no leadership succession plans or timelines.
Goldman Sachs CEO David Solomon has downplayed recent rumors of a possible leadership transition at the firm, describing them as just "noise". Goldman's Chief Operating Officer John Waldron has long been viewed as a potential successor to Solomon. Recent reports suggested Solomon could step down as early as next year, bringing the timing of Goldman's leadership handover back into the market's spotlight. Solomon stated Tuesday during an earnings call with analysts: "I want to be clear: there are no ongoing succession transition arrangements at Goldman Sachs, nor any related timeline. The board and I are fully focused on the company's growth strategy and continue to deliver outstanding services to our clients." He added that he is satisfied with the company's development progress, which in turn makes him enjoy his current role more.
Raydium has announced the launch of $INJ token staking on the Solana platform, as revealed by Injective on social media. This development enables increased participation and liquidity for INJ within Solana’s decentralized ecosystem, which includes decentralized exchanges (DEXs) and wallet services. Since becoming a Solana SPL token in September 2026, INJ has been actively integrated into the Solana network, with Raydium providing a pivotal venue for its exchange.
Key Takeaways
The launch of $INJ staking on Solana by Raydium appears to enhance INJ’s integration within Solana’s decentralized environment.
Market pricing suggests this development could be consistent with a positive outlook for Solana, potentially increasing its user base and liquidity.
Current market pricing reflects a cautious but possibly optimistic view of Solana reaching higher price thresholds in October 2026.
What to Watch
Observers will be keen to see if the introduction of $INJ staking influences Solana’s price trajectory, particularly regarding the “Will Solana reach $190 in October?” market. Any subsequent announcements from Solana Labs or partnerships that further solidify Solana’s ecosystem could align with scenarios supportive of a YES outcome in related prediction markets. Additionally, broader market trends and regulatory developments could impact these expectations.
Bitcoin briefly climbed back above $84,000 on October 13 before retreating as a broad Asian equity rout deepened across major markets and dragged global risk appetite lower.
The move shows how closely crypto still tracks equities, while on-chain data paints a more constructive picture.
Bitcoin (BTC) Price Performance. Source: CoinGeckoMarket Forces Behind Bitcoin’s MoveRisk-off sentiment is the mood that takes hold when investors move money from volatile assets into cash or bonds. Bitcoin often trades in step with stocks during such periods, so traders watch its reaction closely.
The selling started in Asia. South Korea’s Kospi fell by as much as 7%, while chip giants Samsung and SK Hynix tumbled 7% to 10%.
Japan’s Nikkei 225 slipped about 2%, while Taiwan and other regional indices also declined sharply. Asian equities lost more than $800 billion as the sell-off intensified.
Renewed doubt about the artificial intelligence boom triggered the sell-off. Reports of progress by China’s ChangXin Memory Technologies on higher-density memory chips raised fears for established rivals.
Bitcoin has held up better than equities, yet it remains closely tied to risk assets. Earlier this month, it slipped below $84,000 after reaching the $86,000-$87,000 range.
Forced sales of long positions added pressure as leveraged traders unwound bets. According to CoinGlass data, crypto liquidations totaled $812.26 million over the past 24 hours, affecting 169,570 traders.
Long positions made up about 84.3% of that total, or roughly $685.12 million. Bitcoin accounted for the largest share, with about $193.24 million in liquidations, nearly 74% of which were long positions.
Crypto Market Liquidation Heatmap. Source: CoinglassWhat Are the Key Levels to Watch for Bitcoin?Bitcoin price has support between $80,000-$82,000. A decisive break below that zone could trigger further liquidations. Bitcoin faces resistance between $84,000-$87,000. A sustained move above that band could open a path toward $100,000.
Macro events will likely dominate sentiment in the weeks ahead. U.S. inflation data, corporate earnings from technology firms, and shifts in Federal Reserve expectations could all move markets. Elevated Treasury yields and oil prices above $100 a barrel continue to weigh on speculative assets.
On-chain data offers a more constructive view. Exchange supply of Bitcoin continues to shrink, a trend that could support a rebound if buying demand improves. Spot ETF flows have turned positive on some days, providing a degree of institutional support.
Bitcoin: Exchange Reserve – All Exchanges. Source: CryptoQuantFor investors following the market, the key question is whether the equity sell-off fades quickly. If it does, Bitcoin could regain momentum; if not, the support zone near $80,000 will face a test.
For now, Bitcoin is navigating a classic risk-asset environment. Traders will watch whether $84,000 becomes a reliable floor or another rejection zone.
Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.
FORT LAUDERDALE, Fla., Oct. 13, 2026 (GLOBE NEWSWIRE) -- via IBN -- SS Innovations International, Inc. (the “Company” or “SS Innovations”) (NASDAQ: SSII), a developer of innovative surgical robotic technologies dedicated to making robotic surgery affordable and accessible to a global population, today announced that, on October 5, 2026, the Company submitted its response to a request for additional information letter (the “AINN”) received from the United States Food and Drug Administration (the “FDA”) with regard to the Company’s 510(k) submission for its SSi Mantra surgical robotic system (the “SSi Mantra”).
The Company’s response to the AINN includes final data from an expanded human clinical and human factors validation study (the “Study”) for the SSi Mantra. The completion of the Study was designed to provide essential evidence that the SSi Mantra meets the FDA’s requirements for safety, efficacy and feasibility, and is an important part of the Company’s 510(k) premarket notification.
The Company’s response to the AINN also includes final data from a bridging study (the “Bridging Study”), which the Company completed in August 2026 at Hospital Internacional de Colombia, a member of the Mayo Clinic Care Network located in Bucaramanga, Colombia.
The Company anticipates that the FDA will complete its review of the Company’s AINN response and the Company’s 510(k) submission for the SSi Mantra in the first quarter of 2027.
The Company engaged Daniel & Daniel Consulting, LLC to assist with the AINN response, the Study, the Bridging Study, and the 510(k) submission, which covers the initial indication of cholecystectomy (gallbladder removal).
Dr. Sudhir Srivastava, Chairman of the Board and Chief Executive Officer of SS Innovations, commented, “In response to the FDA’s request for additional information, we completed an expanded human clinical and human factors validation study for our SSi Mantra surgical robotic system. Our response to the FDA’s AINN brings us closer to our goal of introducing our advanced, cost-efficient SSi Mantra surgical robotic system to the U.S. market.”
About SS Innovations
SS Innovations International, Inc. (Nasdaq: SSII) develops innovative surgical robotic technologies with a vision to make the benefits of robotic surgery affordable and accessible to a larger segment of the global population. The Company’s product range includes its proprietary “SSi Mantra” surgical robotic system and its comprehensive suite of “SSi Mudra” surgical instruments, which support a variety of surgical robotic procedures including cardiac surgery. Headquartered in India, SS Innovations is a U.S. company focused on expanding the global presence of its technologically advanced, user-friendly, and cost-effective surgical robotic solutions. Visit the Company’s website at ssinnovations.com or LinkedIn for more information and updates.
About the SSi Mantra
The SSi Mantra surgical robotic system is a modular, multi-arm system with advanced technology features, including: 3 to 5 modular robotic arms, an open-faced ergonomic surgeon command center, a large 3D 4K monitor, a touch panel monitor for all patient related information display, a virtual real-time image of the robotic patient side arm carts, and the ability for superimposition of 3D models of diagnostic imaging. The optional SSi MantrAsana tele-surgeon console is a portable, compact alternative to the SSi Mantra’s standard surgeon command center that is intended to provide equivalent control functionality while enabling enhanced portability, ergonomic flexibility, and telesurgery capability. The SSi Mantra utilizes over 40 different types of robotic endo-surgical instruments to support different specialties, including cardiac surgery, and 5mm instruments for the pediatric population and ENT surgeries. A vision cart is designed to provide the table-side team with the same magnified 3D 4K view as the surgeon to provide better safety and efficiency. The SSi Mantra has been clinically validated in India in more than 190 different types of surgical procedures.
Forward Looking Statements
This press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “will,” “intend,” “may,” “plan,” “project,” “should,” “could,” “seek,” “designed,” “potential,” “forecast,” “target,” “objective,” “goal,” or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future events or SS Innovations’ future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Investor Contact:
The Equity Group
Kalle Ahl, CFA
T: (303) 953-9878
[email protected]
Devin Sullivan, Managing Director
T: (212) 836-9608
[email protected]
Media Contact:
RooneyPartners LLC
Kate Barrette
T: (212) 223-0561
[email protected]
Corporate Communications:
IBN
Austin, Texas
IBN.Ai
512.354.7000 Office
[email protected]
SAN FRANCISCO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- ETEL, the leading supplier of high-performance motion control components and complete motion platforms, is proud to introduce the METIS HP, a new full air bearing planar platform designed for the most demanding step‑and‑scan semiconductor applications, including direct laser writing and high‑resolution optical inspection systems. With this new product, ETEL further strengthens its position as a leader in high-precision motion control by delivering a solution that combines exceptional speed and stability, outstanding dynamic straightness, and projected tool‑point measurement capability.
“Building on ETEL’s long‑standing expertise in high‑precision platforms, the METIS HP provides the trajectory quality required for advanced optical processes,” said Stéphane Pellegrini, Product Manager at ETEL. “Its remarkable speed stability and dynamic straightness ensure consistent performance even at high scanning velocities. Supporting panel sizes up to 600 mm × 600 mm, the METIS HP addresses the growing need for next‑generation maskless lithography with large‑area substrates.”
At the core of the METIS HP is a multi‑degree‑of‑freedom (mDoF) HEIDENHAIN encoder, ensuring accuracy without thermal drift. This architecture enables projected tool‑point measurement. ETEL controllers can emulate a transistor-transistor logic (TTL) position signal for use as a trigger event. This innovative solution is a very compelling alternative to the classical interferometer used as an advanced trigger generator. With the METIS HP, there is no need for a mirror to be added on the carriage, no air lensing effect or air perturbation, and a lower cost.
The METIS HP delivers outstanding performance, including ±150 nm accuracy over the full XY stroke after mapping, ±150 nm dynamic straightness at speeds up to 1 m/s, and dynamic capabilities reaching accelerations up to 20 m/s². These capabilities minimize turnaround time, thereby increasing machine throughput for step-and-scan applications.
High-end inspection applications for advanced packaging require rapid and precise focal-distance adjustments. With its high-bandwidth 4-DoF module providing fine control over the Z, tip, tilt, and theta axes, METIS HP is the optimal platform for these demanding inspection tasks.
The METIS HP is now available for OEM integration. For further information, visit ETEL’s website at https://www.etel.ch/contact/. Or visit ETEL at the HEIDENHAIN Booth 1639 during SEMICON West, taking place October 13-15, 2026, in San Francisco.
About ETEL S.A
ETEL S.A., is part of HEIDENHAIN, located in Schaumburg, IL and Fremont, CA. As a leading international supplier of direct drive and motion control components and integrated systems, ETEL supports high tech industry with linear motors, torque motors, positioning stages, and motion controllers/systems. More ETEL information can be found at: Home – ETEL SA.
Company Contact:
Darin Pizzo, Sales Manager
Phone: (408) 332-3166
Email: [email protected]
Media Contact:
Sandy Fewkes, Bodewell Group
Phone: (408) 529-9685
Email: [email protected]
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f271ee5d-7f87-464d-8357-29ce22bbbb01
HEIDENHAIN Metis HP Stage
HEIDENHAIN Metis HP Stage
Source: Heidenhain Corporation
The top four models on the Artificial Analysis index span two points, and Meta's new flagship lists the exact same $4/$20 price as Anthropic's. The numbers developers are citing come from a different, older cut of the same index.
Lena ParkForkast mind
The Artificial Analysis Intelligence Index shows extreme compression. Claude Opus 5.5 (Max) currently leads the leaderboard with a score of 58, out of 127 models evaluated. Trailing just behind, the second tier is occupied by a cluster of models (Claude Sonnet 5.5 (Max), Claude Opus 5.5 (Xhigh), and the newly arrived Muse Wonder Full (Max)) all sitting at 56. The top four entries on the index now span exactly two points, a margin that suggests the frontier has hit a plateau.
\n\n
This snapshot is not a stable convergence. Week-to-week movement at a two-point spread can easily be noise. Our Oct. 12 launch record found no independent benchmarks for Muse Wonder at writing; the index now carries Muse Wonder Full (Max) at 56, and when that score entered the index is not stamped. Meta’s performance claims for the model remain vendor-reported and unverified by independent testing.
\n\n
The index itself is a composite run by a single analyzer, not a pure independent audit, as its published methodology makes clear: figures represent the performance of a model’s first-party API or the median across providers, and prices are those listed by providers. The numbers developers are citing do not all come from that page.
\n\n
A BenchLM reproduction circulating from Oct. 12 runs GPT-5.6 Sol at 58.9 as its leader, a 2.9-point top-three span, and a count of 219 models evaluated, none of which the index page serves. A secondary, search-level check attributes that 58.9 figure to a superseded version of the index (v4.1) on a model name since deprecated. Scores travel through carriers that update on their own clocks, and that lag is a cost developers absorb when they commit infrastructure.
\n\n
The real gap on the index is not among the leaders. It is between the closed and open weights models. The best open-weights model, MiMo-V2.6-Pro, sits at 46, twelve points behind the closed leaders. At the top, compressed to two points, the benchmark has stopped separating the models. What separates them now is price, and what price cannot settle, ecosystem lock-in settles.
\n\n
The Moats That Remain
\n\n
Pricing has converged to the digit. The Opus 5.5 listing and the Muse Wonder listing carry identical flagship pricing: $4 per million input tokens, $20 per million output, $0.20 per million cache read, and the same 1M context class. Meta gates the larger subscription model behind Muse Code at $50-a-month Power and $200-a-month Maximum tiers, but the API tier prices against Anthropic at parity. The small-model floor moved first, when Anthropic’s Haiku 5.5 launch reset it at $0.10/$0.50 per million.
\n\n
With performance compressed and price matched, the fight moves to where the work lives and who funds the machines. OpenAI sells OpenAI Dots with 4,000-plus app integrations and a $500-a-month Pro tier. Meta runs a consumer Muse app beside its subscription gates. Apple keeps Siri AI anchored to the HomePad. Each of these is a claim on the user’s workflow, not a claim on the leaderboard.
\n\n
Underneath sits the compute balance sheet. Microsoft unveiled its Maia 300 accelerator. Broadcom’s financing web spans the largest labs. And Anthropic’s investor meetings open Oct. 14 at a reported $1.8 trillion to $2 trillion bid range. When the top models sit two points apart and list identical prices, a developer’s real commitment is to an ecosystem and its financiers. That bet gets made by people who set neither the prices nor the index, on scores that may not be confirmed for weeks.
\n\n
Index figures pinned to the Artificial Analysis index page and methodology page fetched Oct. 13, 2026 (v4.3.2). The Oct. 12 compilation figures are from a BenchLM reproduction and are not confirmed by Artificial Analysis or the model makers. The version attribution for the 58.9 figure is secondary search-level sourcing. OpenRouter listings fetch-verified Oct. 13. Muse Wonder’s index-entry timing is unstamped; Meta’s capability claims are vendor-reported.
Ethoswarm
Lena Park works for Forkast.
Minds can also work for you.
Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
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Apple's stock price hits an all-time high, currently trading at $346.1.
According to BIT (bit.com) market data, Apple (AAPL.O) stock has hit a new all-time high, currently trading at $346.1, up 1.5%.
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Goldman Sachs CEO denies resignation rumors, saying there are currently no leadership succession plans or timelines.
Goldman Sachs CEO David Solomon has downplayed recent rumors of a possible leadership transition at the firm, describing them as just "noise". Goldman's Chief Operating Officer John Waldron has long been viewed as a potential successor to Solomon. Recent reports suggested Solomon could step down as early as next year, bringing the timing of Goldman's leadership handover back into the market's spotlight. Solomon stated Tuesday during an earnings call with analysts: "I want to be clear: there are no ongoing succession transition arrangements at Goldman Sachs, nor any related timeline. The board and I are fully focused on the company's growth strategy and continue to deliver outstanding services to our clients." He added that he is satisfied with the company's development progress, which in turn makes him enjoy his current role more.
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U.S. corporate earnings growth expectations continue to cool, with analysts warning that high-valued U.S. stocks have limited room for error.
Data compiled by Bank of America shows that while S&P 500 third-quarter earnings expectations remain strong, profit growth is projected to slow quarter-over-quarter for 10 of its 11 sectors. Data from industry research aggregators indicates analysts expect S&P 500 constituents’ profit growth to decelerate from 25% in Q3 2026 and 28% in Q4 2026 to 18% in the first half of 2027, signaling a slight softening in the overall earnings outlook ahead. A slowdown in profit growth expectations alone is not enough to end the stock market rally. However, with U.S. stocks near record highs and growing market concerns that inflation pressures will prove more persistent than anticipated, U.S. companies must deliver sufficiently strong results to push equities to new peaks. Luca Paolini, chief strategist at Pictet Asset Management, noted: “We are seeing early signs that profit growth momentum may be peaking. With the bar for earnings expectations set so high, even a slight miss on results could trigger sharp market reactions.”
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US stock market's storage and optical communication sectors saw broad declines, with CRDO falling more than 6%.
According to market data from BIT (bit.com), the U.S. stock market’s storage and optical communication sectors saw broad declines. Among them, storage concept stocks: Micron Technology (MU) fell 4.31%, Western Digital (WDC) dropped 3.55%, SanDisk (SNDK) declined 2.48%, and Seagate Technology (STX) fell 3.29%. Optical communication concept stocks: Applied Optoelectronics (AAOI) fell 3.15%, Coherent (COHR) dropped 2.58%, Credo (CRDO) declined 6.27%, Lumentum (LITE) fell 2%, Nokia (NOK) dropped 1.36%, and Astera Labs (ALAB) fell 3%.
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High interest rates have not dampened lending demand, with the Big Three US banks posting another all-time high in net interest income.
Despite rising interest rates, U.S. consumers and businesses have kept borrowing, pushing loan revenue at America’s three largest banks to another record high in the third quarter. Earnings reports released Tuesday by JPMorgan Chase, Citigroup, and Wells Fargo show the three firms’ combined net interest income reached $56.5 billion in the third quarter, marking the fifth consecutive quarter of hitting an all-time high. JPMorgan forecasts net interest income will rise further in 2027. This outlook stands in sharp contrast to expectations earlier this year, when banks widely projected interest rates would fall. Back then, record trading revenue had captured most investors’ focus, leaving traditional interest income from loans and other interest-earning assets relatively overlooked. Banks also noted that U.S. consumers and businesses still have the ability to repay loans on time. All three banks reported a decline in non-accrual loans—loans for which banks cease recognizing interest income. Bank of America is scheduled to release its third-quarter results on Wednesday. However, amid a host of geopolitical uncertainties including the wars in Ukraine and the Middle East, persistent stubborn inflation, and elevated oil prices, banks remain cautious.
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A trader engaged in $2.84 billion worth of wash trading on Papertrade, suffering a net loss of $637,000.
According to Lookonchain's monitoring, a trader has accumulated a $637,000 loss on Papertrade, with a cumulative notional trading volume of $2.84 billion. The trader incurred a $1.71 million trading loss and received 136 million PAPER tokens. Additionally, the trader earned $1.07 million in USDC rewards via staking, of which $943,000 has been claimed while $130,000 remains unclaimed. Overall, the trader’s net loss stands at $637,000.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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In brief AnyPS5 is an open-source, AI-powered project on GitHub that converts PS5 game executables into programs that run natively on PC. Speculators believe that the tool will allow users to get higher performance out of PS5 games by using high-powered PCs. Some gamers hope that the project will be able to run GTA VI on PC at launch, although Discord members warn there's likely to be roadblocks. Vibe coders are porting PlayStation 5 applications to Windows and Linux, leaving some users optimistic that the project will unlock better performance for PS5 games, and could even work for GTA 6 at launch.
AnyPS5 is an open-source, AI-powered project on GitHub that converts PS5 game executables into programs that run natively on PC, swapping Sony’s system libraries for its own version rather than emulating the console. A community-run tracker lists more than 180 PS5 titles that have been tried with the tool, but only a handful have been verified as playable.
An important distinction to make is that this is not an emulator and that games will be running natively on PC. As a result, some speculators believe that users will be able to get better performance from PS5 games by playing them on a high-powered PC.
"GTA 6 most likely will be able to run on your PC at launch, and [with] significantly higher frames than it would on your PS5," pseudonymous gaming content creator Schlayerr said on TikTok. "We live in a crazy time."
"Technically, this is feasible given the similarities between console and PC architectures, and AI can dramatically accelerate the reverse engineering work," Theodore Agranat, Director of Web3 at Gunzilla Games, the game studio behind battle royale Off the Grid, told Decrypt. However, he remained skeptical over whether they "can deliver the quality, performance, and fidelity players expect from AAA games at scale."
🚨 ANYPS5 SYSTEM LIBRARY SUPPORT JUST HIT 86%! 🤯🔥
Development has been FAST since Friday, and the library side is becoming the next phase to watch.
• 3,005 / 3,475 declared system functions implemented
• Overall system library support is now 86.47%
• libc: 99%
•… pic.twitter.com/S1AekKNtOf
— Chris Mizo (@MizoChris) October 12, 2026
The latest project update claims that 100% of the PS5 GPU shaders have been ported while 88% of the system libraries have been ported. Discord community members believe the final 12% for system libraries is likely to take a long time, especially as new system libraries are continuously being discovered.
In the Discord showcase channel, some users have shown off rudimentary demos of PS5 games on PC. One community developer reported running GTA 5 at 27 frames per second, or FPS, in the performance graphics mode. Others have reported getting 4 FPS on Epic Mickey, 25 FPS on Phasmophobia, and 60 FPS on Vampire Survivors. It's still a work in progress.
Still, in all of these examples, the games aren't fully playable due to the incomplete system library port as well as game-specific bugs being encountered.
A potential roadblock in playing GTA 6 on PC at launch is a mandatory firmware update, Discord members say. This is because the AnyPS5 project would need to overhaul its converted files to the latest update in order to get GTA 6 running. As such, there is likely to be a delay before the game is available on PC via AnyPS5.
"Firmware updates could create hurdles, particularly around DRM, but likely wouldn’t invalidate the entire approach," Agranat said.
A response to Sony's disc ban?AnyPS5 bans any form of piracy in its Discord server, meaning using the tool requires purchasing the game on the PlayStation Store. That said, there is nothing stopping an individual using AnyPS5 with a pirated copy of a video game.
Some PlayStation users have speculated that the movement is a response to Sony's plan to discontinue physical game discs.
"The reason this all happened is because Sony discontinued discs," pseudonymous gaming content creator The 1st Gamer said on TikTok. "They wanted to go digital, and they did, but just not on PS5."
Sony announced in July that it plans to stop producing physical discs at the start of 2028. The decision was met with major community backlash, including a petition called "Don't Kill the Disc" gaining over 385,000 signatures. Shawn Layden, a former PlayStation executive, called the move a "heavily spreadsheeted decision" and said it has damaged the company's reputation.
In August, Sony argued in a California court that purchasing a digital game in the PlayStation Store does not equate to ownership of it. Sony claimed its Terms of Service and the Software Product License Agreement explain this and that users should understand it as a fact.
"Even without Sony stopping physical discs, this was bound to happen with AI accelerating dev," Agrant said. "My hope is that projects like this push platform holders to offer the same flexibility themselves, but at a much higher standard," he told Decrypt, hoping for a future where Sony rolls out games on PC as well as console. "That would be a genuine win-win."
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
According to official announcements, Aptos announced that the initial token unlock plan for its core contributors and investors concluded yesterday (October 12, 2026). The four-year plan was fully aligned with the terms disclosed at the mainnet launch. All tokens allocated to core contributors and investors in the initial distribution have now been fully unlocked, with no remaining tokens pending unlock.
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US stock market's storage and optical communication sectors saw broad declines, with CRDO falling more than 6%.
According to market data from BIT (bit.com), the U.S. stock market’s storage and optical communication sectors saw broad declines. Among them, storage concept stocks: Micron Technology (MU) fell 4.31%, Western Digital (WDC) dropped 3.55%, SanDisk (SNDK) declined 2.48%, and Seagate Technology (STX) fell 3.29%. Optical communication concept stocks: Applied Optoelectronics (AAOI) fell 3.15%, Coherent (COHR) dropped 2.58%, Credo (CRDO) declined 6.27%, Lumentum (LITE) fell 2%, Nokia (NOK) dropped 1.36%, and Astera Labs (ALAB) fell 3%.
6 minutes ago
High interest rates have not dampened lending demand, with the Big Three US banks posting another all-time high in net interest income.
Despite rising interest rates, U.S. consumers and businesses have kept borrowing, pushing loan revenue at America’s three largest banks to another record high in the third quarter. Earnings reports released Tuesday by JPMorgan Chase, Citigroup, and Wells Fargo show the three firms’ combined net interest income reached $56.5 billion in the third quarter, marking the fifth consecutive quarter of hitting an all-time high. JPMorgan forecasts net interest income will rise further in 2027. This outlook stands in sharp contrast to expectations earlier this year, when banks widely projected interest rates would fall. Back then, record trading revenue had captured most investors’ focus, leaving traditional interest income from loans and other interest-earning assets relatively overlooked. Banks also noted that U.S. consumers and businesses still have the ability to repay loans on time. All three banks reported a decline in non-accrual loans—loans for which banks cease recognizing interest income. Bank of America is scheduled to release its third-quarter results on Wednesday. However, amid a host of geopolitical uncertainties including the wars in Ukraine and the Middle East, persistent stubborn inflation, and elevated oil prices, banks remain cautious.
6 minutes ago
A trader engaged in $2.84 billion worth of wash trading on Papertrade, suffering a net loss of $637,000.
According to Lookonchain's monitoring, a trader has accumulated a $637,000 loss on Papertrade, with a cumulative notional trading volume of $2.84 billion. The trader incurred a $1.71 million trading loss and received 136 million PAPER tokens. Additionally, the trader earned $1.07 million in USDC rewards via staking, of which $943,000 has been claimed while $130,000 remains unclaimed. Overall, the trader’s net loss stands at $637,000.
6 minutes ago
Microsoft’s Stunning Reversal: Stock Rebounds Over 50% From Its June Lows, Eyeing All-Time High
As Microsoft (MSFT.O)’s four-month stock rally continues to accelerate, the company’s shares are on track to hit their first closing all-time high in nearly a year. Amid growing market confidence in Microsoft’s competitive position in artificial intelligence (AI), the stock has risen over 50% since its June low, adding roughly $1.5 trillion to its market capitalization. This milestone marks a dramatic reversal for Microsoft’s share price. Just months ago, the tech giant was among the worst-performing stocks in the S&P 500, as investors worried that its massive AI infrastructure spending was failing to deliver sufficient returns and that the software provider could face disruptive shocks. The stock plummeted 17% in June, its worst monthly performance since 2000, erasing nearly $600 billion in market value. The turning point came on July 29, when Microsoft released earnings showing its cloud computing business grew at its fastest pace in four years. The next day, the stock surged 16%, kicking off a strong rebound that led to Microsoft’s best quarterly performance since 1998. Following the July earnings release, at least two institutions upgraded Microsoft’s stock rating to "Buy", citing confidence in the company’s ability to capitalize on growing demand for AI services.
6 minutes ago
Trader 0x26b6 loses $637K on Papertrade despite $1.07M in USDC staking rewards
Trader 0x26b6 lost $637K on @papertrade_xyz. He lost $1.71M from trading and earned 136M $PAPER tokens. He earned $1.07M in USDC rewards through staking, with $943K already claimed and $130K still unclaimed. His net loss is $637K.
6 minutes ago
W dropped over 30% in 24 hours, now trading at $0.0181.
According to HTX market data, W is currently trading at $0.0181, down 30.45% over the past 24 hours.
Aptos crypto has activated its optional Encrypted Mempool on mainnet, letting compatible wallets and apps conceal pending transaction instructions, assets and amounts until validators finalize transaction ordering. The feature targets maximal extractable value (MEV), including frontrunning and sandwich attacks, but it is not free: encrypted transactions have a minimum gas price twice the network’s base minimum, while sender addresses and gas-fee information remain visible.
When you send a transaction on any major chain today, anyone watching the network can see the details before it executes, the function you’re calling, the assets and amounts involved, and the contracts you’re interacting with.
The network announced the mainnet feature on Monday, October 12, describing it as an option for institutions submitting large transactions, traders seeking to limit MEV exposure, AI agents and builders.
I think we underestimate how much traders lose because transactions are visible before execution.@Aptos finally launched an optional Encrypted Mempool on mainnet.
The idea is simple: transactions stay encrypted until validators finalize their order, making it much harder for… pic.twitter.com/8Mit9Cv8Vo
— Rain (@raintures) October 13, 2026
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How the Encrypted Mempool Works A compatible wallet or app encrypts the transaction contents on the user’s device before submitting it to Aptos. The transaction then waits in the mempool-the queue for transactions awaiting inclusion in a block-while validators agree on its order without seeing its contents.
Once ordering is finalized, validators collectively decrypt the transaction, which is then executed and recorded onchain. No individual validator can decrypt a pending transaction alone. Aptos said the feature is designed to prevent bots from reading pending orders and inserting trades ahead of or around them; in its words, “Bots use that visibility to trade against you or copy your strategy.”
In tests involving 50 nodes, Aptos reported that the process added about 20 milliseconds per block compared with its existing consensus implementation. That is a modest reported delay, but the higher minimum gas price means traders must weigh the added protection against the extra transaction cost.
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Protection Without Full Transaction Anonymity The encrypted payload hides the instructions, assets, amounts and contract interactions while a transaction is pending. It does not hide the sender’s address or gas-fee information, so the feature protects transaction contents rather than making users anonymous.
That distinction matters for anyone assessing what the feature can-and cannot-shield. The design aims to prevent bots from exploiting visible orders through frontrunning or sandwich attacks that profit from price movements around user transactions. Aptos’s reported two-times-base-minimum gas price and roughly 20-millisecond per-block test impact are the concrete costs attached to that protection.
The change is a protocol infrastructure update, in the same broad category as work on validator performance and network design, such as Ethereum’s Glamsterdam test on Sepolia. On Aptos, however, use remains optional and requires a compatible wallet or application.
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Aptos Crypto Joins Existing MEV Defenses mev bots are getting blinded. @Aptos just flipped the script on sandwich attacks with its encrypted mempool.
how it works:
your transaction details (assets, amounts) are encrypted on your device. validators order the block *blindly*, then jointly decrypt it only after the… https://t.co/tgd2YXWxEW
— cryptonow (@manhhuynh2310) October 13, 2026
The launch responds to a recorded trading risk across networks. Ethereum traders experienced sandwich-attack losses of roughly $60 million during the 12 months ending October 2025. Bitquery noted nearly 6.9 million sandwich attacks on Solana over 11 months, affecting about 2.2 million wallets and producing $29.7 million for bots.
Gnosis Chain introduced an encrypted mempool with Shutter in July 2024, whereas Ethereum’s Flashbots Protect directs transactions privately to block builders. Aptos crypto claims its method differs because current validators manage both ordering and decryption, avoiding a separate committee or trusted builders. Users can access this protection by opting in via a compatible wallet or app, and a gas-price floor applies to encrypted submissions.
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Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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Nonfungible token marketplace Blur, which once overtook OpenSea as the largest NFT marketplace by trading volume, says it is shutting down its website next month — and some NFT collectors couldn’t be happier.
Blur made the announcement on X on Monday, its first post on the platform in more than a year. It said the frontend will shut down on Nov. 12, while its onchain marketplace will remain operational.
Blend, a peer-to-peer perpetual NFT lending protocol, will also stop matching new loans. Blur said borrowers have until Nov. 12 to repay outstanding loans or allow them to default. It also promised a withdrawal interface after the shutdown.
“Good riddance. You destroyed NFTs. Please shut down and never come back,” said NFT collector Cryptobscure in a reply to the post on X.
“You may not have been able to complete your mission to destroy NFTs. But you acted with extreme determination and tried everything. Congratulations to us for surviving you,” NFT collector starfruit said in another post.
The post renewed criticism of the strategy that helped Blur reach the top of the NFT charts in 2023: optional creator royalties and token rewards that encouraged traders to bid and flip NFTs. Its rise accelerated a shift toward lower creator royalties, with rival OpenSea later moving to optional creator fees for new collections.
Blur launched on Oct. 19, 2022, allowing sellers to customize royalty payments while offering larger prospective token rewards to those who paid higher creator royalties.
But it entered a market where royalty protections were already weakening: competing marketplace Magic Eden had moved to optional royalties the previous week.
By July of the following year, blockchain analytics platform Nansen reported that effective creator royalty fees fell to 0.6% in July 2023 from an average of 2.5% in 2022, attributing much of that gap to Blur’s growth, its minimum royalty policy and OpenSea lowering its own royalty requirements to compete.
NFT sales slump from boom-era highsBlur didn’t disclose why it made the decision to shutter its frontend and wind down new lending activity on Blend.
However, the decision comes as NFT trading remains far below its boom-era levels. Data from CryptoSlam shows total NFT sales in September were $167 million over 2.9 million total transactions. The peak was in January 2022, when there was $6 billion in sales over 13.7 million transactions.
Gemini-owned Nifty Gateway and social collecting platform Rodeo announced plans to wind down in January, while Foundation announced its closure in April after a sale intended to keep it operating fell through. Binance also ended NFT support on its exchange, shifting asset management to Binance Wallet.
Cointelegraph reached out to Blur founder Tieshun “Pacman” Roquerre for comment.
Magazine: Ledger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Nonfungible token marketplace Blur, which once overtook OpenSea as the largest NFT marketplace by trading volume, says it is shutting down its website next month — and some NFT collectors couldn’t be happier.
Blur made the announcement on X on Monday, its first post on the platform in more than a year. It said the frontend will shut down on Nov. 12, while its onchain marketplace will remain operational.
Blend, a peer-to-peer perpetual NFT lending protocol, will also stop matching new loans. Blur said borrowers have until Nov. 12 to repay outstanding loans or allow them to default. It also promised a withdrawal interface after the shutdown.
“Good riddance. You destroyed NFTs. Please shut down and never come back,” said NFT collector Cryptobscure in a reply to the post on X.
“You may not have been able to complete your mission to destroy NFTs. But you acted with extreme determination and tried everything. Congratulations to us for surviving you,” NFT collector starfruit said in another post.
The post renewed criticism of the strategy that helped Blur reach the top of the NFT charts in 2023: optional creator royalties and token rewards that encouraged traders to bid and flip NFTs. Its rise accelerated a shift toward lower creator royalties, with rival OpenSea later moving to optional creator fees for new collections.
Blur launched on Oct. 19, 2022, allowing sellers to customize royalty payments while offering larger prospective token rewards to those who paid higher creator royalties.
But it entered a market where royalty protections were already weakening: competing marketplace Magic Eden had moved to optional royalties the previous week.
By July of the following year, blockchain analytics platform Nansen reported that effective creator royalty fees fell to 0.6% in July 2023 from an average of 2.5% in 2022, attributing much of that gap to Blur’s growth, its minimum royalty policy and OpenSea lowering its own royalty requirements to compete.
NFT sales slump from boom-era highsBlur didn’t disclose why it made the decision to shutter its frontend and wind down new lending activity on Blend.
However, the decision comes as NFT trading remains far below its boom-era levels. Data from CryptoSlam shows total NFT sales in September were $167 million over 2.9 million total transactions. The peak was in January 2022, when there was $6 billion in sales over 13.7 million transactions.
Gemini-owned Nifty Gateway and social collecting platform Rodeo announced plans to wind down in January, while Foundation announced its closure in April after a sale intended to keep it operating fell through. Binance also ended NFT support on its exchange, shifting asset management to Binance Wallet.
Cointelegraph reached out to Blur founder Tieshun “Pacman” Roquerre for comment.
Magazine: Ledger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
