Polkadot Community Foundation (PCF) has submitted a governance proposal to officially recognize dotUSD as the preferred stablecoin within the Polkadot DAO, just days after dotUSD went live on the network. This initiative aims to position dotUSD as the main stable-value asset for the ecosystem, yet it has sparked controversy due to its reliance on Tether‘s USDT for backing, rather than native DOT collateral as initially outlined in its concept.
dotUSD launches with USDT reservesdotUSD officially arrived on Polkadot’s mainnet on October 8, receiving over 98% approval from voters and launching with a backing of 4.3 million DOT. Despite its backing in DOT at launch, the actual issued stablecoin is minted one-for-one against Tether’s USDT, meaning that every dotUSD in circulation is currently supported by an equivalent amount of USDT rather than Polkadot’s native asset, DOT.
The proposal listed as Referendum 1954 on Polkadot’s “Wish for Change” track was submitted by the PCF, which also filed the earlier Referendum 1944. It recommends that dotUSD receive primary status among “dotStables”—permissionless stable-value derivatives envisioned to be backed by DOT—serving as the flagship asset in this new class.
In the initial phase, users can mint dotUSD using USDT at a one-to-one rate, within specified supply caps. However, the current version does not utilize DOT as collateral and runs without an oracle or liquidation mechanism.
Industry observers have noted the irony of choosing to launch a Polkadot-focused stablecoin using USDT, given previous critiques within the proposal against the risks of centralized stablecoins such as USDT and USDC, issued by Tether and Circle respectively. The concerns center on the ability of these issuers to freeze assets, which could potentially disrupt DeFi operations that depend on them for liquidity.
A future version of dotUSD is planned to use DOT collateral, based on a model similar to Liquity v2’s BOLD. However, no launch date has been scheduled for this upgrade. Following the rollout of dotUSD, DOT traded around $1.17, marking a 6.1% increase in one day, but later hovered near $1.23 after a 3.5% decline in the last 24 hours.
Mini dictionary: Liquity v2’s BOLD is a decentralized borrowing protocol that enables users to mint stablecoins using volatile collateral without relying on centralized governance or oracles. It is designed to make liquidations and funding rates algorithmic and transparent on-chain.
StablecoinBacking AssetLaunch StatusdotUSDUSDT (Tether)LiveHollarVarious, via AaveCompeting projectpUSDDOTRejected in voteMandate seeks on-chain incentives for ecosystem growthPCF’s latest governance mandate also proposes significant changes to project marketing and growth initiatives for Polkadot. Rather than relying on traditional influencer deals or outside agencies, the proposal calls for all growth spending to be managed through on-chain mechanisms, rewarding individual, verified participants via an algorithmic cap per person.
This stance comes after Polkadot allocated about $37 million to marketing in the first half of 2024, representing 42% of its total spend of nearly $87 million. The network invested $180,000 in branding European private jets, $400,000 in a CoinMarketCap animated logo, and nearly $5 million for influencer partnerships.
PCF’s recommended shift toward on-chain, transparent allocation of marketing funds contrasts with recent spending on external campaigns and influencer outreach.
Governance, transparency, and competing stablecoinsThe PCF—the organization responsible for the dotUSD launch and the ongoing governance mandates—has come under scrutiny regarding oversight of its community treasury. In June 2026, community members requested a roadmap and full disclosure of treasury operations related to the Polkadot App, which was announced in 2024 but remained inaccessible to most users for over a year.
In response to these concerns, the PCF clarified its role as purely administrative, stating that it does not issue, operate, or provide custody for dotUSD, DOT, or USDT.
The designation of dotUSD as the DAO’s primary stablecoin affects existing and prospective projects within the Polkadot ecosystem. For example, Hydration’s Hollar, built with Aave’s technology, is classified as a third-party offering, while a previous proposal for a DOT-only stablecoin, pUSD, based on the Honzon protocol, was rejected by voters with only 18.6% support.
By giving DAO-approved projects priority status, the mandate increases the pressure on rival stablecoins, even as dotUSD continues to operate with a USDT reserve.
Pi Network price has slipped toward $0.08 as its daily trend remains bearish and the 4-hour chart shows PI trading below its lower Bollinger Band.
Summary
Pi Network price traded at $0.08006 on OKX, with the daily chart showing a 2.96% decline. The daily Supertrend remained above price at $0.09177, keeping its bearish signal in place. Aroon Down stood at 71.43%, compared with Aroon Up at 14.29% on the daily chart. PI fell below the lower 4-hour Bollinger Band at $0.08041, putting nearby support under pressure. According to TradingView’s OKX PI/USDT daily chart, Pi traded at $0.08006 on Oct. 12 after reaching a session high of $0.08273 and a low of $0.07950. The token had recovered slightly from that low but remained below its daily opening price of $0.08253.
CoinGecko separately recorded an approximately 8% decline over seven days and a 16.4% loss over the past month. Its market comparison showed the broader cryptocurrency market falling 4.7% over the week, leaving PI with a larger decline over the same period.
Pi Network tests $0.08 after another failed rebound The daily TradingView chart shows PI approaching the lower end of the range it has traded within since July. Several rebounds during August and September carried the token toward $0.10, but none developed into a sustained move above that area.
Pi Network price daily chart — Oct. 12 | Source: TradingView September’s advance ended with a sharp decline around the middle of the month. A subsequent recovery toward $0.09 also faded, leaving the latest candles close to $0.08.
On the 4-hour chart, the early October rebound peaked below September’s highs before price moved lower again. PI briefly steadied around $0.082–$0.083 following the latest sell-off, then returned toward the $0.08 threshold.
The daily session low of $0.07950 provides the nearest clearly defined reference below that threshold. A sustained move beneath it would extend the latest decline beyond the low recorded on Oct. 12.
Farther down, the TradingView charts show previous trading activity around $0.075 during July. That area forms a lower historical reference if PI loses its current footing, although the charts do not establish that price will reach it.
CoinGecko listed PI’s historical low at $0.07059. At the time of retrieval, the token remained about 13.3% above that level and approximately 97.3% below its historical high of $2.99.
Daily Supertrend keeps $0.09177 in focus TradingView’s daily Supertrend remained red at $0.09177, well above PI’s $0.08006 price. The indicator has stayed above the market through the recent decline, maintaining its bearish reading.
PI would need to rise approximately 14.6% from the chart’s quoted price to reach that Supertrend level. Before reaching it, the token would also have to recover the nearby $0.083 area and move back toward $0.09.
The daily Aroon readings reinforce the weak trend. Aroon Down stood at 71.43%, while Aroon Up measured 14.29%, a gap of 57.14 percentage points.
Aroon tracks how recently an asset recorded its highest and lowest prices within the indicator’s lookback period. The stronger Down reading on PI’s chart reflects a more recent low, while the weak Up reading reflects the absence of a recent high.
Together, the daily indicators show that the latest rebound has not reversed the prevailing bearish setup. Price remains beneath the Supertrend, and the Aroon readings continue to favor the downward trend.
The September recovery toward $0.10 offers another resistance reference above the Supertrend. On the daily chart, that recovery failed close to the same area where earlier rebounds had stalled.
PI falls below its lower 4-hour Bollinger Band TradingView’s 4-hour chart places the Bollinger Band midpoint at $0.08204, the upper band at $0.08367 and the lower band at $0.08041.
Pi Network price 4-hour chart — Oct. 12 | Source: TradingView At $0.08006, PI traded approximately 0.4% below the lower band. Its position beneath that boundary shows price extending below the indicator’s recent trading envelope.
A return above $0.08041 would bring PI back inside the bands. The midpoint at $0.08204 would then provide the next nearby reference, about 2.5% above the chart’s quoted price.
The upper band at $0.08367 sits approximately 4.5% above $0.08006. Reaching it would require PI to recover the area where its latest attempt to stabilize lost momentum.
The same chart shows the Bull Bear Power indicator at minus 0.00302, with the latest histogram bars below zero. That negative reading adds to the weak short-term picture alongside price trading beneath the Bollinger midpoint.
An initial recovery above the lower band would therefore leave other hurdles in place. The midpoint, upper band and daily Supertrend sit at progressively higher levels, giving the rebound distinct tests rather than a single recovery threshold.
Market activity rises while PI remains under pressure CoinGecko reported approximately $4.46 million in 24-hour trading volume, up 53.5% from the preceding day. The increase occurred alongside the price decline, showing that market activity had picked up even as PI lost ground. The provider placed its market capitalization near $899 million, with roughly 11.24 billion tokens circulating.
A separate Oct. 12 market report published by TMGM cited CoinAnk figures showing futures open interest falling from $10.52 million the previous week to $8.86 million. That represents a decline of approximately 15.8% in the reported value of outstanding positions.
For U.S. readers, PI also has a domestic project connection: CoinGecko identifies its founders as Stanford doctorate holders Nicolas Kokkalis and Chengdiao Fan and names SocialChain Inc. as the organization managing the project.
Pi Network’s official launch announcement set the Open Network transition for Feb. 20, 2025, enabling connections with external systems. The team also said user verification and mainnet migrations would continue after the transition.
On the current TradingView charts, the immediate price contest remains around $0.08 and the $0.07950 session low. A rebound would first encounter the lower Bollinger Band at $0.08041, followed by its midpoint at $0.08204, while the daily Supertrend remains farther above at $0.09177.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Robinhood's tokenised stock tokens for Apple, Nvidia and Tesla are now tradable on Hedera through the HashPack wallet, using $USDC or $HBAR.
Robinhood's tokenised stock tokens are now available to trade on the Hedera blockchain, giving users of the popular HashPack wallet access to equities such as Apple, Nvidia and Tesla.
Purchases can be made in either @Circle's $USDC or Hedera's native token, $HBAR, through the @hashpack wallet. The integration expands Hedera's push into real-world assets (RWAs), where traditional financial products are represented on a blockchain.
What HashPack users can tradeAccording to TokenPost, HashPack has added tokenised exposure to Apple, Nvidia, Tesla and the SPDR S&P 500 ETF on Hedera. Users can hold, transfer and trade the products from within the wallet. TokenPost reports that Robinhood is the issuer of the tokens, while Hedera provides the network on which they are held and traded.
The feature runs on SODAX, which TokenPost describes as the cross-network execution layer behind it. In its partnership announcement, SODAX said the system coordinates execution across blockchain networks so HashPack can focus on the wallet experience. The same post said HashPack has more than 1 million accounts, accounting for over 90% of Hedera's monthly active users.
HashPack and SODAX first announced the partnership on September 14, and Genfinity reported at the time that the feature was still in development, with no go-live date published. A later Genfinity report described how the trading flow works: users open the Swap screen and select Stocks, and can switch between Stocks and Tokens on the Assets page.
What the tokens representRobinhood's stock tokens track the price of the underlying shares. Industry explainers note that they give holders economic exposure to a stock rather than legal ownership of the shares. Dwellir's guide to Robinhood Chain says the tokens trade around the clock where eligible. Genfinity notes the tokens trace back to Robinhood's tokenised stock lineup, which first launched for European users on Arbitrum in 2025.
For Hedera, the launch moves its RWA strategy closer to a consumer-facing product, as TokenPost put it. Users who already hold $HBAR or $USDC in HashPack can reach tokenised equities without moving funds to another wallet. Availability may vary by region and eligibility, so users should check the terms set by Robinhood and HashPack before trading.
Tokenised equities carry risks, including price tracking differences and limited liquidity. This article is for information only and is not investment advice.
SourcesTokenPost: Hedera Brings Tokenized Stocks to HashPack
SODAX: Partnership with HashPack to bring Robinhood stocks and RWAs to Hedera
Genfinity: HashPack Stock Trading Goes Live Through SODAX
Governor Wes Moore has appointed Hedera chief policy officer Nilmini Rubin to Maryland's Digital Asset and Blockchain Technology Task Force, which reports by October 1, 2027.
Maryland Governor Wes Moore (@GovWesMoore) has appointed Nilmini Rubin (@nilminirubin), chief policy officer at @hedera, to the state's Digital Asset and Blockchain Technology Task Force, according to a post from @BSCNews. The network's native token is $HBAR.
The appointment places a representative of the Hedera network in a state-level body that will examine how blockchain and cryptocurrency fit into Maryland's economy and regulatory landscape. The post describes the group as a 15-member panel.
What the task force will studyThe task force was created by the Maryland General Assembly.
Its remit is broad.
Who Nilmini Rubin is
Industry participation is a feature of the panel's design.
The report will show whether Maryland moves toward new rules for digital assets or keeps a lighter approach.
SourcesMaryland Manual: Digital Asset and Blockchain Technology Task Force
Maryland Department of Legislative Services: HB 470 fiscal and policy note
Taurus, a digital asset infrastructure company based in Switzerland and established in 2018 in Geneva, has expanded its service offerings by integrating Hedera Hashgraph (HBAR) technology for its institutional clients. Taurus supplies enterprise-grade digital asset solutions for banks and regulated institutions to manage the custody, issuance, tokenization, and staking of various digital assets.
Deutsche Bank and HBAR integrationDeutsche Bank, one of Europe’s leading financial institutions with assets totaling $64 billion, has started utilizing Taurus’ platform to natively stake Hedera’s HBAR coin. Additionally, the bank is now issuing tokenized shares of Real World Assets (RWAs) and private equity through the same infrastructure.
This step allows Deutsche Bank not only to stake HBAR but also to facilitate on-chain monetization of its own securities. By leveraging Taurus’ technology, the bank joins other major institutions—such as Jane Street, Lloyds Bank, Standard Bank, and Shinhan Bank—that are actively exploring the HBAR network to tokenize RWAs.
Mini dictionary: Taurus is a Swiss fintech company that provides infrastructure for banks and financial institutions to custody, trade, and manage digital assets, including services for tokenizing real-world assets and staking cryptocurrencies.
Institutional adoption and council changesHedera’s Governing Council, which supervises the network’s operations, includes industry giants such as Google, IBM, Deutsche Telekom, Accenture, and FedEx, underscoring strong institutional backing for the ecosystem. The recent participation by Deutsche Bank highlights a growing interest among large banks in integrating blockchain-based solutions into daily operations.
However, a few weeks ago, Hitachi exited the council, reducing the number of members to 33. Despite this departure, the altcoin’s price remained largely unaffected.
HBAR recent price performance and analyst outlookCurrently, HBAR’s price is consolidating in the $0.08 to $0.09 range, forming a double-bottom pattern. Historically, this technical setup may precede a trend reversal. Crypto analyst Gopal has identified a potential price target at the quarterly high of $0.22 if momentum returns. The long-term target stands at $0.35, referencing a similar technical pattern that played out in 2025 when HBAR rallied from about $0.09 to over $0.30, surpassing the $0.22 resistance in just 30 days.
Market data from TradingView indicates that whales are not providing significant support at the current levels, though bulls are managing to keep HBAR above the key $0.092 support point.
Resistance TargetsSupport LevelsRecent Price RangeQuarterly HighLong-term Target$0.11 / $0.22$0.08 / $0.09 / $0.092$0.08–$0.09$0.22$0.35Shorter-term technicals show some selling pressure among larger holders, with HBAR’s Chaikin Money Flow (CMF) indicator near -0.07. This signals a slightly negative outlook, though the $0.11 mark, matching the red-label Bollinger Band, remains a level to reclaim for further price recovery.
Taurus now enables Deutsche Bank to stake HBAR and issue tokenized shares of real world assets and private equity, allowing the bank to leverage on-chain monetization and join other major institutions engaging with the Hedera network.
CME Group plans to launch Uniswap (UNI) futures on October 19, pending regulatory review. Here is what the contracts cover and why it matters for institutional DeFi exposure.
CME Group is set to add futures on Uniswap's native token, $UNI, on October 19, a move that would give institutional traders a regulated route to the leading decentralised exchange protocol. The launch is still subject to regulatory review, according to the exchange.
What CME has announcedCME Group said on September 22 that it will launch Bitcoin Cash (BCH) and Uniswap (UNI) futures on October 19, pending regulatory review. Traders will be able to choose between larger and Micro-sized contracts, with Uniswap futures covering 10,000 UNI and Micro Uniswap futures covering 1,000 UNI.
Coinpedia reports that it would reportedly be the first time CME Group adds futures for a dedicated DeFi token. That framing is not part of CME's own announcement, and it depends on how a DeFi token is defined, so it should be treated with caution.
If the review clears on schedule, Bitcoin Cash and Uniswap will become CME's tenth and eleventh single-asset crypto futures products, joining Bitcoin, Ether, XRP, Solana, Cardano, Chainlink, Stellar, Avalanche and Sui.
Why institutional access mattersFutures on a regulated exchange let funds and trading firms gain price exposure or hedge risk without holding the token directly. Giovanni Vicioso of CME said the new contracts let clients manage price risk and gain exposure to key crypto networks within a 24/7, regulated marketplace.
CME has pointed to demand as the driver. The exchange said its crypto futures and options averaged 279,800 contracts in daily volume in the first half of 2026, representing $8.3 billion in notional value.
Price action has been volatile around the news. Coinpedia reports UNI climbed from $3.15 to a September peak of $10.90, then retraced toward the $7.00 support area by early October. The same outlet notes that a listing alone won't guarantee a rally.
The main risk is timing. CME has given no further timetable for the regulatory review, so October 19 remains a target date rather than an unconditional launch date. Readers should check CME's official channels for confirmation before the contracts begin trading.
Sources:
CME Group press release on Bitcoin Cash and Uniswap futuresThe Block: CME adds Bitcoin Cash and Uniswap futuresDecrypt: CME expands crypto futures lineup
Uniswap (UNI) could be gearing up for another major move, with a potential CME futures listing on October 19 putting institutional exposure in focus. The token is already sitting on a key support level. Now, traders have a catalyst to watch.
If the planned launch goes ahead, it would reportedly mark the first time CME Group adds futures for a dedicated DeFi token. That’s a significant development for UNI, although a listing alone won’t guarantee a rally.
CME Futures Could Put UNI on Institutions’ RadarThe planned October 19 launch could open a new route for institutional exposure to Uniswap’s native token. That’s the headline catalyst, and traders will be watching whether it translates into stronger demand.
Still, there’s a catch. Market expectations can run ahead of actual buying pressure, so the listing’s impact will depend on how the market responds.
UNI’s Golden Cross Set Up a Powerful RallyUNI’s daily chart has already delivered an impressive move. A golden cross between the 50-day and 200-day exponential moving average (EMA) bands formed in August.
Since then, the token climbed from $3.15 to a September peak of $10.90, marking a gain of roughly 250%. That’s a substantial rally, but the momentum didn’t last uninterrupted.
By early October, UNI had retraced toward the $7.00 support area around its 50-day EMA. The token is now consolidating near that level.
Can $7 Support Send UNI Back Toward $12?The $7.00 zone is the level to watch. If support holds and the anticipated futures launch attracts stronger demand, UNI price could rally toward $12 or potentially move higher.
But the bullish scenario still needs confirmation. A listing announcement and a technical setup aren’t guarantees, especially after such a sharp advance.
For now, UNI’s next move hinges on whether buyers defend support and turn the CME futures catalyst into sustained demand. The $12 target is on the table, but the market must do the heavy lifting.
Story Ends Here
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NEAR Protocol is having a strong week. The token jumped approximately 11% and touched $6.00 on Binance before pulling back. At the time of writing, it trades near $5.64, up almost 5% over 24 hours. Trading interest grew even faster than price. Daily volume reached $3.54 billion, a rise of 98.44%.
Volume is doublingVolume nearly doubled in a single day, which indicates that many more investors are paying attention. The bigger picture is just as strong. NEAR traded around $1.55 to $1.80 through most of July and August. Since then, it has more than tripled. The move began in late August and accelerated in mid-September, when the price shot above $3.60 in just a few days. The rally has not been smooth.
NEAR/USDT Chart by TradingViewIn early October, NEAR dropped to approximately $4.30 in a single sharp red candle. Buyers stepped in quickly, and the price recovered within days. That quick rebound shows demand is still strong at lower levels. The moving averages on the daily chart all point up, and the price sits well above each one.
HOT Stories
Trying to save the trendThe closest support is near $4.60, followed by approximately $3.90. A fall to those levels would still keep the trend intact. The RSI is around 65. That is high, but it is still below the 70 line that typically marks an overheated market. This leaves some room for more gains before the signal turns risky.
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There is one thing to watch. Volume on the chart is still lower than during the large September surge. Today's jump in volume is a good sign, but the market needs to keep it up. A rally with fading volume can lose energy quickly. The key levels are clear.
A daily close above $6.00 would open the way to new highs. If the price slips, the $5.40 to $5.60 area, where it stalled in late September, is the first place to look for support. For now, NEAR is ranked 8th on the list the data comes from, and investors are clearly interested. The next few days will show whether this volume spike is the start of another leg up or just a short burst.
NEAR Protocol’s native token climbed 16% over the weekend, according to The Motley Fool. Trading activity piled in right alongside it.
The numbers behind the run
The sharpest single burst came on October 10, 2026. NEAR gained as much as 11% that day and touched $6.00 on Binance.
It later cooled to around $5.64. Daily trading volume hit a record of approximately $3.54 billion, a 98% increase.
Over the four weeks leading into mid-October, NEAR rose by at least 83%. Some measurements put the gain far higher, in the range of 138-172%.
That rally pushed NEAR’s market capitalization to around $7.2 billion when the token traded near $5.50. The token is back inside the top 20 digital assets.
What’s driving the demand
NEAR Intents. This is NEAR’s cross-chain feature. Users describe the outcome they’re after, and the system routes it across blockchains.
NEAR Intents has recorded more than $31-33 billion in cumulative cross-chain volume across over 30 chains. September swap volume reached $4.8 billion, a 72.9% jump from the prior month.
The Bitwise ETF. Bitwise launched the first US spot NEAR ETF on September 29, 2026, trading under the ticker NRR. The fund drew nearly $58 million in inflows during its first week.
A proposed supply cut. A governance proposal would lower NEAR’s maximum annual token issuance from 2.5% to 1.6% over the next 24 months. The proposal is still underway, not finalized.
The exploit that didn’t stick
In early October, NEAR Intents was hit by a $3.8 million exploit. The funds were recovered within 24 hours. The token showed no lasting damage from the incident.
What this means for NEAR and the altcoin market
If the issuance proposal passes, the drop from 2.5% to 1.6% would phase in over 24 months. The token already slid from $6.00 to around $5.64 within the same session on October 10.
The signals worth tracking are fairly clear: whether NEAR Intents keeps posting monthly volume growth after September’s $4.8 billion, whether NRR inflows hold up past launch week, and how the governance vote on issuance resolves.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
NEAR Protocol now lets users link a verified email and at least two other methods to regain account access without a seed phrase. Seed phrases still work.
@NEARProtocol now lets users link their account to a verified email and at least two other verification methods, chosen from six options, to regain access if they get locked out. NEAR Protocol said setup runs through the NEAR Accounts site. The update gives NEAR account users a recovery route that does not depend on having kept a seed phrase.
How the new NEAR account recovery worksUsers start by connecting a verified email to their account. They then add at least two further verification methods from a list of six. If they later lose access, they can use these linked methods to get back in.
Seed phrases and private keys still work as before. The new options act as a backup rather than a replacement, so existing users do not need to change how they secure their accounts.
The announcement does not list the six verification methods or explain how the recovery process is carried out. Users should check the NEAR Accounts site for details before relying on the feature.
The practical step is to set up the additional methods while access to the account is still available, and to keep seed phrases and private keys stored safely in any case. In non-custodial wallets, losing a seed phrase can mean permanent loss of access, which is the risk a secondary recovery route is meant to reduce.
Email recovery returns after a 2022 security scareEmail-based recovery has a mixed history on NEAR. In August 2022, The Block reported that NEAR disclosed that email and SMS recovery data from its wallet had been exposed to a third party. Decrypt reported that security firm Hacxyk, which reported the bug to NEAR in June, said the recovery process could leak users' seed phrases to the analytics platform Mixpanel when they clicked email recovery links.
NEAR said it fixed the issue on the day it was reported and deleted the data. The company also said it had found no indicators of compromise and that funds were not at risk. Those points are NEAR's own account of the incident.
After the incident, NEAR stopped allowing email or SMS recovery for newly created wallets and advised affected users to rotate their keys, according to Decrypt's coverage. The new feature marks the return of email-based recovery, now paired with at least two extra verification methods.
Wallet changes on NEARThe update comes as NEAR consolidates its wallet options. Phemex News reported that MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will shut down on October 31, 2026. Users are being directed to migrate to near.com. NEAR has said assets remain stored on-chain, so users need a new way to access them rather than a new place to hold them.
SourcesThe Block: NEAR Protocol discloses breach of email and SMS data tied to user wallets
Decrypt: Near Protocol discloses wallet breach that may have exposed private keys
Phemex News: MyNearWallet to shut down October 31, users must migrate assets
Solana treasury company SkyAI has sold approximately 1 million SOL, or half of its cryptocurrency reserves, as it prepares a cash tender offer worth up to $201 million to repurchase most of its outstanding shares and warrants.
Summary
SkyAI has confirmed selling approximately 1 million SOL, representing half of its cryptocurrency reserves, to help fund a planned $201 million share buyback.
Blockchain analyst Ember reported another 211,623 SOL transfer to Coinbase Prime, estimating total disposals at roughly $138 million over five days.
SkyAI plans to repurchase up to 95% of its outstanding shares and warrants at $3 each, with the tender offer expected to begin around October 15.
The company rejected an unsolicited acquisition proposal from Forward Industries after its board concluded that the offer undervalued SkyAI.
According to an October 11 company announcement, the Nasdaq-listed firm plans to use existing cash and proceeds from Solana sales to purchase up to 95% of its common stock and three classes of warrants at $3 each.
SkyAI, which trades under the ticker SKYA, confirmed that it had recently sold roughly 1 million SOL and still held approximately 1 million tokens when the announcement was issued. The company said it was monitoring Solana’s market price and could sell more tokens depending on market conditions.
Blockchain analyst Ember reported on October 12 that another 211,623 SOL had been transferred from a wallet associated with SkyAI to Coinbase Prime.
The analyst estimated that approximately 1.25 million SOL, worth $138 million, had been sold or moved toward trading venues over five days. However, the latest exchange transfer does not independently establish that the tokens were sold.
SkyAI’s Solana sales follow several large exchange transfers
The latest activity follows a series of transactions identified by blockchain analysts over the preceding days.
In an October 10 post on X, Ember reported that wallets linked to SkyAI had transferred 468,000 SOL, valued at approximately $51.1 million, within 24 hours.
Of that amount, 218,000 SOL went to multiple centralized exchanges, while another 250,000 SOL was transferred to BitGo, an institutional digital asset custody and services provider.
On the same day, Lookonchain identified 568,000 SOL worth approximately $63.87 million moving to exchanges over a three-day period.
The analytics platform estimated that SkyAI had acquired its SOL at an average price of around $194 per token. Based on the market value of the transferred assets, Lookonchain calculated that selling the reported 568,000 SOL could result in losses of approximately $46 million.
The estimate was conditional on the tokens being sold and did not represent a company-confirmed realized loss.
SkyAI had previously disclosed holdings exceeding 2 million SOL in September, before the recent transactions reduced its reported treasury balance.
Large movements involving corporate Solana holdings have attracted attention in previous months. In June, crypto.news reported that Forward Industries transferred 455,784 SOL, worth approximately $31.9 million, to Coinbase Prime after around a month of wallet inactivity.
The transaction prompted questions about possible treasury sales, although the transfer itself did not establish that Forward had liquidated those assets.
SkyAI plans to repurchase 95% of its shares and warrants
SkyAI’s proposed tender offer is expected to begin around October 15 and remain open for 10 business days, unless the company extends or terminates it earlier.
The offer covers up to 46.37 million common shares and approximately 20.72 million securities across its cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants.
At $3 per security, the maximum purchase price would reach approximately $201 million.
SkyAI said the proposed price represented a 65% premium to its October 9 closing share price and more than double its 60-day volume-weighted average trading price.
The company intends to finance the repurchases without additional borrowing. Its board said the combined value of available cash and digital assets exceeded the maximum amount required for the transaction.
Completion will depend on several conditions, including at least 50% of each eligible securities class being tendered and not withdrawn before the deadline.
Solana’s closing price must remain above $100 throughout the offer period, although SkyAI reserved the right to waive certain conditions.
The tender offer must not cause SkyAI to lose its Nasdaq listing or become subject to deregistration under the Securities Exchange Act of 1934.
Shareholders and warrant holders will receive instructions in formal tender offer materials that SkyAI expects to file with the U.S. Securities and Exchange Commission by October 15.
If participation exceeds the 95% purchase limit for any class, the company expects to accept securities on a proportional basis.
SkyAI has suspended purchases under its existing share repurchase program and will not resume separate repurchases until at least 10 business days after the tender offer expires.
SkyAI rejects Forward Industries’ acquisition proposal
The planned buyback follows SkyAI’s decision to reject another unsolicited acquisition proposal from fellow Solana treasury company Forward Industries.
Under the latest proposal, Forward offered 0.306 shares of its common stock for each SkyAI share.
SkyAI said its special committee, working with independent advisers, reviewed the proposed exchange ratio, the value and timing of the consideration, its financial position and its standalone business prospects.
After the review, the committee unanimously recommended rejecting the transaction. The full board agreed, concluding that Forward’s proposal undervalued SkyAI and was not in shareholders’ best interests.
Forward has pursued a different approach to managing its Solana reserves. In July, the company reported buying more than 500,000 SOL during its fiscal third quarter, taking its holdings to 7.55 million tokens as of June 30.
The company disclosed an average purchase price of approximately $79 for those acquisitions and said its Solana holdings per fully diluted share had risen during the quarter.
Forward subsequently completed a $25 million registered direct offering in September to support its Solana treasury strategy.
Other publicly traded Solana holders have reported losses tied to cryptocurrency valuations. Upexi, for example, disclosed a $109.3 million fiscal third-quarter net loss in May, including a $92.3 million unrealized loss on its digital assets.
SkyAI said shareholders whose ownership exceeds 15% solely because of securities purchased through the tender offer would not trigger its shareholder rights plan. Any subsequent acquisition by those holders after the offer expires would trigger the plan.
Following the proposed transaction, the company intends to continue developing the AI financial platform outlined in its May 2026 strategic transformation announcement.
Hong Kong will welcome its 2nd Solana spot exchange-traded fund (ETF) when Pando Finance Limited lists the Pando Solana ETF (HKEX: 02831) tomorrow, October 13. The fund will give investors direct exposure to $SOL through regulated investment infrastructure without requiring them to hold the asset themselves.
Investors could subscribe to the ETF from October 6 to 12 at a price of HK$7.80 to HK$8 per share. Each trading lot will contain 100 shares, putting the minimum investment at HK$780 to HK$800, excluding any applicable brokerage charges. The fund uses USD as its base currency but trades in HKD.
Pando’s ETF will become the firm’s 3rd virtual asset spot product, following its Bitcoin and Ethereum ETFs.
Lower Management Fee But No Staking
Pando has set an annual management fee of 0.6%, below the 0.99% charged by the existing ChinaAMC Solana ETF (HKEX: 03460). Pando estimates its annual recurring expenditure ratio at 1.6%, compared with 1.99% for ChinaAMC’s product.
In September 2023, Pando Finance received approval from the Securities and Futures Commission (SFC) to manage investment funds that can allocate up to 100% of their portfolios to virtual assets, and as such, can invest up to 100% of the fund’s net asset value in $SOL, but may retain up to 3% in cash to cover expenses and redemptions.
Unlike the U.S. spot Solana ETFs, Pando’s fund will not stake its $SOL holdings, meaning investors will not receive staking rewards through the product. It will also avoid derivatives and leverage.
HashKey Exchange will handle $SOL trading, while HashKey Custody Services Limited will custody the fund’s holdings. BOCI-Prudential Trustee Limited will serve as trustee and administrator.
Hong Kong Expands Its Digital Asset Framework
Pando’s listing comes as Hong Kong continues to develop its regulated digital asset market. Hong Kong’s September 16, 2026 Policy Address outlined plans to strengthen virtual asset licensing rules and develop clearer compliance guidelines for service providers. The government also plans to improve rules for tokenized investment products, including gold and other suitable real-world assets, and support regulated stablecoin trading on licensed platforms.
Other developments point to growing institutional activity around Solana in the region. 2WA has tokenized USDGO Plus SP on Solana, describing it as the first market-neutral fund built on USDGO, a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank. OSL handles custody and distribution, with access restricted to eligible professional investors in Hong Kong.
After hosting Solana Accelerate Hong Kong in February, Solana is also preparing to extend its regional outreach in the region through Solana Accelerate China, a 4-city tour scheduled for October 16 to 22 in Shanghai, Hangzhou, Shenzhen, and Beijing.
The event aims to connect developers, entrepreneurs, and investors exploring technology opportunities between China and international markets.
$SOL ETFs Hit With Worst Performing Week of 2026
Pando’s launch comes amid mixed demand for Solana investment products. Globally, spot $SOL ETFs hold approximately $1.9 billion in net assets and have attracted $1.61 billion in cumulative net inflows.
However, U.S. spot Solana ETFs recorded $24.8 million in net outflows last week, their worst weekly performance of 2026. Putting the outflows in context, it doesn’t look so bad. Those withdrawals followed the biggest week of net inflows since launch with over $188m total and 3 months of weekly net inflows totaling nearly $500 million, during which $SOL recovered from around $70 to $120.
The new Hong Kong fund will broaden regulated access to $SOL, generating additional demand for the asset.
Read More on SolanaFloor
Solana Rejects “Bunker Mode” Thesis as Researchers Warn AI Could Crack Crypto Cryptography
Securitize Launches Tokenized Stocks on Solana Ahead of 24/7 ICE Venue Listings
The fund will charge a 0.60% annual management fee, adding another option alongside ChinaAMC’s Solana ETF, which held $8.58 million at the end of August.
The fund will charge a 0.60% annual management fee, adding another option alongside ChinaAMC’s Solana ETF, which held $8.58 million at the end of August.
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Bitcoin briefly surpassed $84,000 during the day before falling back to $82,000, while treasury companies continued their purchases.
Firstly, Strategy, the world’s largest publicly traded Bitcoin holder, also made purchases this week.
According to a statement by Strategy founder Michael Saylor, Strategy purchased an additional 250 Bitcoin. This brings the company’s total Bitcoin holdings to 848,250 BTC. The company also repurchased $192 million worth of preferred shares in STRC.
Saylor noted that Strategy also holds $5.5 billion in assets, adding that these dollar-denominated assets could cover current preferred stock dividends and interest payments for approximately 3.5 years.
“Strategy purchased 250 BTC and repurchased STRC worth $192 million. As of October 11, 2026, we hold 848,250 BTC and $5.5 billion USD in assets.”
Ethereum Purchases Continue!
Bitmine, the world’s largest holder of Ethereum, also announced last week that it purchased an additional 12,532 ETH, bringing its total holdings to 6,028,946 ETH. According to the announcement, this represents 4.9% of the total circulating ETH supply.
The official statement indicated that Bitmine’s total assets, including cryptocurrency, cash, marketable securities, and strategic investment assets, amount to $16.2 billion.
This figure includes 6.03 million ETH, 214 Bitcoin, $612 million in cash and marketable securities, $180 million worth of Beast Industries shares, and $85 million worth of Eightco Holdings shares.
Bitmine Chairman Tom Lee stated, “We believe the company will outperform the crypto bull market we anticipate, given that it strengthened its competitive position last year amidst the crypto winter (bear market). A significant portion of our 6 million ETH accumulation occurred during the downturn in the crypto market, and as the company approaches its 5% ETH accumulation target, we believe it is in an attractive position ahead of the upcoming crypto bull market.”
Solana Procurement Announced Too!
Last week, Nasdaq-listed company DeFi Development Corp. announced it had purchased an additional 22,070 Solana, bringing its total SOL holdings to 2.58 million. The company also stated that it generated additional SOL and commission income by using its SOL holdings for staking and operating its own validator.
DeFi Development Corp CEO Joseph Onorati said, “Short-term fluctuations haven’t changed our belief or commitment to accumulating SOL. These market developments indicate that Solana will play a much larger role in global finance, and we intend to continue accumulating and multiplying our SOL before this opportunity arises.”
*This is not investment advice.
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Solana (SOL) is attracting renewed interest among technical analysts after the cryptocurrency staged a bounce from a closely watched micro support zone, while a significant concentration of short-side liquidity forms overhead at $125.
Technical indicators align for upward momentumProminent trader 0xSweep observed that Solana has cleared remaining downside liquidity. With those lower price levels now absorbed, the most notable area of liquidity resides around the $125 mark, where a large number of short positions have accumulated.
When downside stops and resting liquidity are absorbed, price action may be drawn toward the next dense cluster of opposing positions. In this case, traders holding short positions around $125 could be forced to cover if SOL advances further.
According to 0xSweep, the path of least resistance now points to the upside, targeting the liquidity cluster at $125 as the next area of interest.
In addition to this, market analyst More Crypto Online pointed out that SOL started to rebound after reacting precisely to a predefined micro support. This bounce has turned short-term market structure in favor of buyers, although it does not yet confirm a full trend reversal.
Liquidity clusters and resistance zones in focusThe move higher faces two main resistance points: the $114 zone, where there is also substantial leveraged long exposure, and the more significant $125 level loaded with short-side liquidity.
Traders note that downside liquidity has been cleared, suggesting immediate selling pressure from stop orders has diminished. The support bounce provides the first evidence of renewed demand, while the liquidity pocket overhead creates a clear upside target for the market.
Price LevelLiquidity TypeRelevant Market Activity$114Long-side, high leverageTraders placed up to 100x leveraged longs$125Short-sideDense short cluster possibly forced to cover if price risesMini dictionary: 0xSweep, an active cryptocurrency trader and social media analyst, is known for highlighting liquidity dynamics and technical setups within market charts to help anticipate near-term price movements.
Analysts emphasize that a bounce from support does not guarantee a sustainable uptrend. The next challenge will be whether SOL can push past $114 with momentum strong enough to reach the $125 resistance zone.
Market sentiment and outlookSolana’s price setup is seen as relatively clean by market participants. With downside liquidity addressed and signs of demand returning, attention turns to the coming sessions. If price action falters near resistance, any move higher could prove short-lived. However, if momentum persists, the $125 cluster stands as the immediate technical target.
Traders and investors will be closely watching this two-level structure over the coming days to gauge whether Solana’s bounce evolves into a broader recovery or remains a short-term relief rally.
The recent developments have brought Solana back into focus for both technical traders and those managing short-term portfolio positions.
Should Solana clear the $114 hurdle, the $125 pocket is likely to serve as the next focal point for liquidity-driven trading activity.
Nasdaq-listed DeFi Development Corp. has added approximately 22,070 SOL and SOL equivalents, increasing its Solana treasury to 2.59 million tokens. The latest addition, which is worth about $2.43 million, follows another series of acquisitions of digital assets made by the company amid market fluctuations.
DeFi Development Expands Solana Treasury by 12%
According to its announcement, DeFi Development now holds approximately 2,586,282 SOL and SOL equivalents. The company’s treasury has increased by some 12% since its second-quarter earnings release on August 12.
The firm keeps buying and building SOL assets as part of its long-term treasury policy. It also runs validator nodes and generates staking rewards, helping contribute to its Solana holdings.
While the cryptocurrency market has been experiencing some downturn in recent weeks, CEO Joseph Onorati reiterated the company’s stance. He said,
“We don’t change our conviction or our commitment to accumulating SOL on a short-term volatility basis.”
The most recent addition comes after earlier SOL purchases, such as a 19,000 SOL acquisition in August. These purchases form part of the company’s strategy to increase its Solana holdings over time.
$300 Million CHAD Program Supports Further SOL Purchases
DeFi Development has created a $300 million at-the-market preferred share program for CHAD. The financing structure enables the company to mobilize the necessary funds over time by offering shares of its stock.
The program provides another potential funding source for expanding its Solana treasury without issuing additional common shares. The $300 million figure, however, is for available offering capacity, not raised funds.
Meanwhile, CHAD shares reached record trading highs during the week ending October 9 despite broader cryptocurrency market weakness. The Chief Strategy Officer, Dan Kang, noted that the preferred stock had risen to near $10 despite the drop in SOL prices.
CHAD currently offers a 13% annual dividend rate based on its $10 stated amount. This is valued at $1.30 per year per share at the current rate, and is paid daily on a business day as declared.
Solana Tokenization and Stablecoin Adoption Support Treasury Strategy
Onorati also highlighted the growth of adoption of tokenized equity trading and stablecoins on the Solana blockchain. The developments are consistent with the company’s strategy of building up SOL, he said.
The developments include Securitize’s launch of tokenized stock trading on Solana, expanding access to blockchain-based financial instruments. These services enable qualified investors to buy or sell tokenized securities via tokenized infrastructure on the blockchain.
Additionally, Onorati cited Samsung’s announcement concerning stablecoin functionality for 82 million Galaxy devices in the United States. He considered it one of the examples of increasing adoption of digital assets.
DeFi Development plans to continue increasing its SOL holdings while using staking and additional financing to support its treasury strategy. However, DeFi Development shares fell by 3.1% to $4.37 on Monday, despite its expanding Solana treasury and record highs in CHAD preferred stock.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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TokenFi, the sister project of $FLOKI, is promoting Shield, an AI tool that scans Solidity and Rust smart contracts on EVM chains and Solana. It is in free beta.
TokenFi, the sister project of @FLOKI, is spotlighting Shield, a tool that uses AI to scan smart contract code and flag risks in minutes. According to the announcement shared by @BSCNews, it covers Solidity and Rust contracts on EVM chains and Solana.
Shield is currently in free beta. @tokenfi pitches it as a first check before launch, not a replacement for a professional audit.
How TokenFi Shield worksDevelopers upload their Solidity or Rust files, along with any project documents or security rules, and the AI uses both to produce a tailored audit, according to TokenFi's Shield page. The page says results arrive in a few minutes and that beta access is free for a limited time.
The tool first launched in November 2025. BSC News reported at the time that it performs semantic and code-level analysis, flags vulnerabilities and logic flaws, and ranks findings by severity from critical to low. The same report listed Ethereum, BNB Chain, Polygon and Avalanche among the supported EVM networks, with Solana covered through Rust.
TokenFi's positioning is that traditional audits are slow, expensive and often backlogged, which leaves smaller teams and early-stage projects struggling to get a review before going live. An instant scan is meant to fill that gap and help teams fix errors before paying for a manual audit.
Why pre-launch checks matterSecurity remains a live concern across the industry. Chainalysis said in a June 2026 analysis that at least $36.7 million was stolen over six months from protocols whose source code was never publicly verified, forcing attackers to decompile raw bytecode to find weaknesses. It noted this is a fraction of the more than $1 billion DeFiLlama records stolen from 88 protocols, most of which had verified contracts.
Automated scanning also has limits. A guide on AI vulnerability detection notes that LLM-based tools can raise recall on some benchmarks and give reviewers more context, but evidence for their adoption in production audit workflows remains thin. That caveat fits TokenFi's own framing of Shield as a first-pass check rather than a substitute for a professional audit.
For developers, the practical takeaway is to use a tool like Shield early in the build process, then commission a full human audit before deploying real funds.
SourcesTokenFi Shield product page
BSC News: TokenFi launches TokenFi Shield for EVM and Solana audits
Chainalysis: Unverified smart contracts are a preferred target for attackers
In brief DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens, up 12% since August 12. Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated amount, hit record highs in the week ended October 9 and is approaching $10 after an IPO priced at $8. DFDV common stock traded near $4.41 on Monday, giving the company a market value of about $144 million against roughly $287 million worth of SOL. DeFi Development Corp, the Nasdaq-listed Solana piggy bank, added about 22,070 SOL—worth about $2,373,211—and “SOL equivalents” to its treasury last week, according to a press release published Monday.
That brings its stash to roughly 2,586,282 tokens, worth about $287 million with SOL near $111. Weekly buys keep shrinking, from 101,381 SOL in mid-September (around $11.4 million) to 47,706 ($5.8 million), then 26,202 ($3.1 million).
Myriad: Where does Solana go next? Click to make your prediction.DFDV is a digital asset treasury company, a public firm that holds a cryptocurrency so stock investors can bet on it without opening a crypto account. It was a real estate software firm called Janover until April 2025, when it pivoted to Solana and copied Strategy’s Bitcoin playbook.
CHAD, the company’s perpetual preferred stock, hit all-time highs in the week ended October 9 and is approaching $10. Perpetual preferred shares never mature and get dividends before common stock; CHAD pays a variable 13% a year on its $10 stated amount, or $1.30 per share, declared each business day.
“CHAD reaching new highs and approaching $10.00 even as SOL pulled back is an encouraging sign that investors are recognizing its distinct income proposition,” said Dan Kang, Chief Strategy Officer. “For common shareholders, CHAD provides a funding source that can support accretive SOL per share growth without issuing additional common shares. For CHAD holders, it offers daily income supported by that growing, productive treasury,” he added.
That record sounds less dramatic once you know the shares priced their IPO at $8 in September, below their own stated amount. Last week DFDV even authorized buybacks for whenever CHAD trades under its $10 par value. Mission nearly accomplished.
The price matters because DFDV funds its SOL purchases through a $300 million at-the-market program, which sells new CHAD shares gradually at market prices. The closer CHAD trades to $10, the more SOL each new share buys.
“Short-term volatility has not changed our conviction or our commitment to accumulating SOL,” CEO Joseph Onorati said in the release.
SOL fell about 9% over seven days, and nearly $1 billion in long positions, or bets that prices would rise, were liquidated in 24 hours. Liquidation is forced selling: when traders bet with borrowed money and prices fall far enough to wipe out their collateral, exchanges close the bet automatically, pushing prices lower still.
A 13% dividend looks generous, but CHAD is backed by a company whose main asset trades about 62% below its January 2025 peak of roughly $295. The release itself warns that staking rewards may not be enough to cover dividends.
DFDV’s common stock traded near $4.41 on Monday, a market value of about $140 million—roughly half the value of its SOL, though it also carries debt. When a treasury company trades below its crypto stash, selling shares to buy tokens stops making sense, one reason the sector is under pressure.
CHAD holders will keep collecting $0.00516 per share for each business day through October 30, and the next macro test arrives Wednesday with the U.S. September inflation report.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens, up 12% since August 12. Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated amount, hit record highs in the week ended October 9 and is approaching $10 after an IPO priced at $8. DFDV common stock traded near $4.41 on Monday, giving the company a market value of about $144 million against roughly $287 million worth of SOL. DeFi Development Corp, the Nasdaq-listed Solana piggy bank, added about 22,070 SOL—worth about $2,373,211—and “SOL equivalents” to its treasury last week, according to a press release published Monday.
That brings its stash to roughly 2,586,282 tokens, worth about $287 million with SOL near $111. Weekly buys keep shrinking, from 101,381 SOL in mid-September (around $11.4 million) to 47,706 ($5.8 million), then 26,202 ($3.1 million).
Myriad: Where does Solana go next? Click to make your prediction.DFDV is a digital asset treasury company, a public firm that holds a cryptocurrency so stock investors can bet on it without opening a crypto account. It was a real estate software firm called Janover until April 2025, when it pivoted to Solana and copied Strategy’s Bitcoin playbook.
CHAD, the company’s perpetual preferred stock, hit all-time highs in the week ended October 9 and is approaching $10. Perpetual preferred shares never mature and get dividends before common stock; CHAD pays a variable 13% a year on its $10 stated amount, or $1.30 per share, declared each business day.
“CHAD reaching new highs and approaching $10.00 even as SOL pulled back is an encouraging sign that investors are recognizing its distinct income proposition,” said Dan Kang, Chief Strategy Officer. “For common shareholders, CHAD provides a funding source that can support accretive SOL per share growth without issuing additional common shares. For CHAD holders, it offers daily income supported by that growing, productive treasury,” he added.
That record sounds less dramatic once you know the shares priced their IPO at $8 in September, below their own stated amount. Last week DFDV even authorized buybacks for whenever CHAD trades under its $10 par value. Mission nearly accomplished.
The price matters because DFDV funds its SOL purchases through a $300 million at-the-market program, which sells new CHAD shares gradually at market prices. The closer CHAD trades to $10, the more SOL each new share buys.
“Short-term volatility has not changed our conviction or our commitment to accumulating SOL,” CEO Joseph Onorati said in the release.
SOL fell about 9% over seven days, and nearly $1 billion in long positions, or bets that prices would rise, were liquidated in 24 hours. Liquidation is forced selling: when traders bet with borrowed money and prices fall far enough to wipe out their collateral, exchanges close the bet automatically, pushing prices lower still.
A 13% dividend looks generous, but CHAD is backed by a company whose main asset trades about 62% below its January 2025 peak of roughly $295. The release itself warns that staking rewards may not be enough to cover dividends.
DFDV’s common stock traded near $4.41 on Monday, a market value of about $140 million—roughly half the value of its SOL, though it also carries debt. When a treasury company trades below its crypto stash, selling shares to buy tokens stops making sense, one reason the sector is under pressure.
CHAD holders will keep collecting $0.00516 per share for each business day through October 30, and the next macro test arrives Wednesday with the U.S. September inflation report.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
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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THORChain’s gross swap fees are climbing again. They are also still 84% below where they stood in September.
That gap matters because September was not a normal month. Much of its activity came from funds tied to the Bitget exploit, and THORChain now has to show what its business looks like without that windfall.
The numbers behind the spike and the slide
September’s system income reached $3.01 million. In August, it was $615,000.
Swap volume followed the same path. It hit $2.40 billion in September, up from $613 million the month before.
Most of that jump happened in five days. Between September 25 and 29, flows connected to the Bitget exploit drove the activity.
Those exploit-related flows accounted for approximately 57-63% of September’s volume and income. That works out to around $1.37 billion in swap volume and roughly $1.9 million in income during the five-day window.
As of mid-October, gross swap fees have fallen to 84% below September levels.
Fees are recovering modestly, and they are hovering somewhere in the mid-to-high six figures. DefiLlama puts recent 30-day fees at approximately $635K.
That figure sits close to August’s $615,000 in system income. The comparison is loose, since the two metrics differ, but it points to the same story: once the exploit flows disappear, THORChain looks a lot like its pre-surge self.
No significant spikes or exploits were reported in October.
How THORChain fits into this
THORChain is a decentralized liquidity protocol built for swapping assets across different blockchains. A user can move value from one chain to another without routing through a centralized exchange.
A permissionless cross-chain swap venue works for everyone, including people moving the proceeds of an exploit. The protocol earns fees on that volume, which creates an uncomfortable dynamic. One of its best months recently was powered in large part by someone else’s bad week.
Not everything in September came down to the exploit. Ecosystem participation also grew during the month.
Active wallets rose to 25,000. The validator set expanded to 103 nodes.
Protocol-Owned Liquidity, or POL, had collected nearly 946,000 RUNE in deposits by September. POL is liquidity the protocol holds itself rather than borrowing it from outside providers. RUNE is THORChain’s native token.
A new way to split the revenue
THORChain has also changed how it distributes system income. The revised split works like this:
59% to nodes
20% to Protocol-Owned Liquidity
10% to TCY
5% to the Developer Fund
5% to the Marketing Fund
1% to RUNE burn
The RUNE burn share drops from 5% to 1%. The new model shifts that money toward other priorities, with the biggest change being the 20% now going to POL.
What this means
For anyone tracking THORChain as a business, the key task is separating signal from noise. September’s $3.01 million in system income makes for a great headline. However, approximately 57-63% of that month’s volume and income came from a single, nonrecurring event.
Strip that out, and the more useful benchmark is the roughly $635K in 30-day fees reported by DefiLlama.
Steering 20% of income into POL could give THORChain deeper liquidity it controls directly. The trade-off is the smaller burn, with the RUNE burn share falling from 5% to 1%.
The figures to watch are clear enough. Track whether monthly fees can climb meaningfully above the roughly $635K range without another one-off event. Watch whether active wallets hold near 25,000 now that the surge is over. Keep an eye on how quickly POL grows beyond its nearly 946,000 RUNE.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
At the end of July 2026, the audit firm Cyfrin classified several high severity defects in 1inch clear signing. Thus, certain fields, including the contract receiving the funds committed by the user, do not appear on the wallet screen. As of October 12, these display rules still appear in the public registry. They cover the 1inch V6 router on 13 networks, including Ethereum.
In brief
13 networks: that’s how many blockchains, Ethereum included, the audited 1inch V6 router descriptor covers.
2 high-severity findings: Cyfrin flagged both in this descriptor, including a field that identifies the contract receiving your funds.
No attestation: none of the V6 router descriptors has received an audit sign-off in the registry.
May 12, 2026: the day Ledger handed clear signing over to the Ethereum Foundation.
Clear signing, a response to the Bybit hack
In February 2025, the record Bybit hack cost the platform about 1.5 billion dollars, according to the FBI. The FBI also attributes this theft to North Korea. According to CertiK’s analysis, the Safe{Wallet} interface displayed a legitimate transaction. However, the data sent to the Ledger for signing was different. The CEO of Bybit even admitted to not verifying them on the device screen. CertiK calls this blind signing.
Clear signing addresses this problem. It translates transaction data into clear language on the screen of your crypto wallet. Ledger launched it in 2023 and then formalized it in the ERC-7730 standard proposal. Then, on May 12, 2026, the company entrusted its management to the Ethereum Foundation. MetaMask, Trezor, WalletConnect, and Cyfrin participate in the working group.
The system relies on public files called descriptors. Each indicates which transaction fields the wallet should display and under which label. A field marked “never” never appears on the screen.
The contract receiving your funds can remain invisible
1inch is a decentralized exchange aggregator. Cyfrin audited several of its descriptors. The ticket no. 2688 concerns the main descriptor of the V6 router. It indeed has two high severity findings and three medium severity findings, according to the auditor’s classification.
The first finding concerns the clipperExchange parameter, hidden on the screen. Yet it designates the contract receiving the user’s funds. The caller of the function provides this parameter. According to Cyfrin, the wallet thus displays a normal exchange screen without showing the contract receiving the funds.
The second high finding targets the args field, also hidden. In certain order execution modes, it can contain the address receiving the purchased asset. The user may see exact amounts while the asset goes to an unseen address, according to the auditor.
Two medium findings also concern the display. First, an order amount always appears as a “to sell” amount. Yet one router mode treats it as a “to buy” amount. Second, the permitAndCall function masks a spending authorization that may specify the token, the authorized spender’s address, the amount, and expiry. Finally, the last medium finding relates to deployments Sourcify had not yet verified.
1inch clear signing unchanged on 13 networks
A related ticket, no. 2690, concerned the zkSync version of the router. This nine-line descriptor pointed to the same common file as the main version. The maintainers removed it from the registry on September 22. The reason is verification. Sourcify, the code verification tool used by the registry, cannot yet verify the compiled code for zkSync. This removal thus does not fix the display rules.
Yet the main branch of the registry, consulted on October 12, still contains these rules. The common file and main descriptor currently date from April 10, 2026. They apply to the V6 router on 13 networks, including Ethereum, Arbitrum, Base, BNB Chain, and Polygon. The descriptor of the previous version, V5, also masks clipperExchange on six networks.
A third audit, no. 2689, concerns off-chain signed orders in EIP-712 format. The descriptor hides the makerTraits field. It can contain the order’s expiration date and a restriction on the authorized address to execute it. Cyfrin also classifies this finding as high severity.
An attestation does not guarantee displayed meaning
The registry provides a safeguard, the attestation. The ERC-8176 standard proposal defines this mechanism. It allows an auditor to sign a descriptor they have reviewed. On August 17, the registry incorporated attestations from Cyfrin for 181 descriptors.
In the 1inch folder, only older V3 and V4 router versions have one. In contrast, V6 descriptors do not. In audit no. 2689, Cyfrin notes missing code verification on five networks: “the attestation condition is not met” (editor’s translation). ERC-8176 then leaves each wallet the choice of auditors it trusts.
However, even attested, a descriptor can mislead. The ERC-8176 project states this in its section on limitations of the mechanism.
Signature verification does not validate semantic accuracy.
Another limitation relates to upgradeable contracts or proxies. A proxy keeps its address but its code can change. An analysis published in September listed 80 proxy-related descriptors out of 382 as of September 5. The maintainers then chose to keep them and address the issue within the standard itself.
What clear signing displays and what it omits
The registry also fixes defects. On September 25, a patch targeted another 1inch descriptor for Limit Order Protocol v2 limit orders. According to its message, wallets that recognize descriptors by signed type could not apply it. Users thus signed these orders “blindly”.
For the user, a readable screen only shows fields retained by the descriptor. Thus, the absence of a recipient or expiration date is not visible. Cyfrin recommends displaying these fields or removing the description. In the latter case, the wallet falls back to raw signing, giving no impression of clarity. None of the consulted tickets mention user loss related to these descriptors. Our guide on the most secure crypto wallet details other available protections.
As of October 12, the two audited V6 descriptors still in the registry remain unchanged. The third, for zkSync, left the registry without correction. For the makerTraits field, Cyfrin’s proposed fix modifies a single file line to make the field visible. [TO BE COMPLETED: response dated from 1inch, Cyfrin, or registry maintainers, or mention of unanswered requests] Regarding proxies, the proposal no. 1738 is not yet integrated into the standard. Kaan Uzdoğan, ERC-7730 co-author, indicated on GitHub awaiting further reviews before approval.
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Independent author, specialized in decentralized artificial intelligence and crypto ecosystems. I analyze projects by what they actually do, not by the noise around them. Openly a supporter of the Qubic project: my articles about Qubic and its direct competitors carry a disclosure.
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.
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Geneva, Switzerland, October 12, 2026 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), today highlighted key findings from its State of TRON Q3 2026 ecosystem report. The report examines network activity, stablecoin settlement, liquidity, tokenomics, developer activity, decentralization, and protocol governance during the third quarter of 2026.
TRON surpassed $30 trillion in cumulative transaction volume in Q3 2026, marking another milestone for a network used as infrastructure for stablecoin settlement and digital-asset transfers. At the same time, stablecoin supply and total value locked continued to expand, while the network’s active-address base grew and transaction activity remained broadly steady.
Key Insights
In Q3, TRON surpassed $30 trillion in cumulative transaction volume. Stablecoin settlement reached $2.21 trillion in the Q3 reporting period, with average daily volume rising 3.9% from Q2 to $24.05 billion.
Canary Capital launched the Canary Staked TRX ETF (TRXS) on September 9, 2026. TRXS gives investors exposure to the spot price of TRX—the native utility and governance token of the TRON blockchain network—alongside passive net staking rewards reflected directly in the fund’s daily net asset value. TRON DAO’s team rang the Cboe Closing Bell in Chicago on September 29 to celebrate its launch.
TRON expanded its ecosystem collaborations in Q3 2026, adding institutional custody and staking, new trading venues, and digital dollar products through Anchorage Digital, Bitnomial, Backpack, Ethena, and Ducat. Payment, wallet, cross-chain, and developer integrations also broadened access and strengthened the infrastructure for payment, treasury, and DeFi applications.
Stablecoin supply and Total Value Locked continued to expand. USDT and USDD supply reached $93.88 billion, up 5.5% from Q2, while TVL including staking hit $28.21 billion and TVL excluding staking (DeFi TVL) hit $13.05 billion
The active-address base widened while transaction frequency held steady. Average rolling monthly active addresses increased 9.8% to 18 million.
Network fee generation moderated. Fees totaled $701.4 million during Q3, averaging $7.62 million per day, down 4.0% from Q2. The average daily transaction fee fell from $0.668 to $0.643.
TRON’s ecosystem continued to broaden in Q3, with new integrations spanning institutional services, trading, stablecoins, payments, wallets, and developer infrastructure. Anchorage Digital added TRX staking and TRC-20 custody, while Bitnomial and Backpack expanded access to TRX markets. Ethena brought USDe and sUSDe to TRON, and Ducat connected its Bitcoin-backed financial infrastructure to the network’s stablecoin ecosystem.
The quarter also brought new capabilities for users and developers. MoonPay introduced gasless transactions through Trust Wallet, removing the need to hold TRX for network fees, while Bitcoin.com Wallet added native support for TRX and USDT-TRC20. MetaMask connectivity expanded across B.AI, SUN.io, JustLend DAO, and BitTorrent, while Fireblocks Flow added support for payments from TRON wallets. Eco and STON.fi expanded cross-chain stablecoin connectivity, and KiiChain linked TRON assets with its 24/7 foreign-exchange and payment infrastructure. For developers, Privy expanded wallet, transaction, and policy-management capabilities, while OpenZeppelin brought its smart contract libraries and security tooling to the network. Together, these integrations strengthened the infrastructure available for payments, treasury management, and DeFi applications on TRON.
TRON’s third-quarter developments underscore continued growth in stablecoin settlement, liquidity, network activity, and ecosystem infrastructure, reflecting sustained demand for its financial infrastructure. With these trends strengthening, TRON enters Q4 with an increasingly established role in global stablecoin settlement and digital asset activity.
Read the full report from TRON here.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Today, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $94 billion. As of October 2026, the TRON blockchain has recorded over 408 million in total user accounts, more than 15 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”
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Meta has released the Muse Wonder AI models following the success of its Muse Spark, its first model from its superintelligence team, which it launched earlier this year. These latest AI models boast frontier capabilities and notably match up to models from competitors OpenAI and Anthropic.
Meta Introduces Muse Wonder AI Models
In a blog post, the company introduced the Muse Wonder series, Muse Wonder and Muse Wonder Full, describing them as its most capable models for personal and professional tasks. “Together, they mark the next step on our scaling ladder and a major leap toward personal superintelligence,” the post read.
Meta’s launch of the Muse Wonder AI models follows the release of Muse Spark, which ranked among the top applications after its launch earlier this year. This latest release also comes as Mark Zuckerberg’s company looks to compete with AI firms OpenAI and Anthropic.
Zuckerberg said his company has caught up with these rivals and signaled it will keep spending to advance its AI capabilities. The AI race continues to heat up with Elon Musk’s SpaceXAI releasing Grok 4.7 last month to match the latest releases from rivals.
Meta said the Muse Wonder models have Active Memory and Active Focus, which help track projects and ensure they deliver the best results for users. The company revealed that these AI models are already available through the Meta Model API and Muse Code, while Muse Wonder Full is available for Muse Code subscribers.
How The Models Match Rivals
Meta’s Muse Wonder matched up to OpenAI’s Astra model and Anthropic’s Claude Fable and Opus models. Muse Wonder Full scored 56 on the Artificial Analysis Index, outperforming Fable and Astra and only second to Claude Opus.
On the Personal Superintelligence Index, Muse Wonder scored 59.1, outperforming both OpenAI and Anthropic’s models. Meanwhile, the company also highlighted steps it has taken to ensure AI safety amid concerns about the risk that these models pose to humans.
“We trained the Muse Wonder family to lead on both dimensions, with robustness to adversarial instructions and careful handling of private information,” Meta said. It is worth noting that Zuckerberg has rejected the calls for AI slowdown.
Despite Meta’s efforts to catch up with rivals, crypto traders are still betting against these efforts. Data from the top crypto prediction market platform Polymarket shows only a 3% chance that the company will have the best AI model at the end of the year.
In brief Meta released Muse Wonder and Muse Wonder Full on Monday, the first frontier-class models from Meta Superintelligence Labs, with a 1 million token context window. On Meta's own charts, Wonder Full leads GPT-6 Astra and Claude Opus 5.5 on long-horizon coding, legal agent work and memory, but Artificial Analysis ranks Opus 5.5 first at 58 versus Wonder Full's 56. The API version, Muse Wonder, costs $4 per million input tokens and $20 per million output tokens, the same as Opus 5.5 and below GPT-6 Astra's $10 and $50. Meta released Muse Wonder and Muse Wonder Full on Monday, the first models from its Superintelligence Labs that the company is willing to put head-to-head with the best from OpenAI and Anthropic.
“Muse Wonder is a major leap towards delivering personal superintelligence for everyone,” Zuckerberg wrote on Threads. “Congrats to everyone on our team for achieving this milestone. I’m looking forward to seeing how you all use it.”
Myriad: Which company will IPO next? Click to make your prediction.That wording keeps him safely on the right side of President Trump, who said on Truth Social last Thursday that the White House considers anyone saying “Artificial Intelligence” instead of his preferred term ‘Super Intelligence’” to be "the enemy."
Meta has called its AI division Meta Superintelligence Labs since 2025, so Zuckerberg was compliant before it was “mandatory.”
Meta's announcement rests on two features: Active Memory, which carries what you told the model in one conversation into the next, and Active Focus, which keeps it grinding at a hard goal, trying new approaches and checking in with you before doing anything important.
Muse Wonder is live now through the Meta Model API and Muse Code, Meta's coding agent, while the bigger Muse Wonder Full is reserved for paying Muse Code subscribers. Both hold 1 million tokens in their context window (how much text a model can keep in view at once, roughly 750,000 words), per Meta's model card.
In April 2025, Meta's open-source Llama 4 models arrived with big promises, then stumbled in independent tests amid suspicions that the version scoring well on a popular public leaderboard behaved differently from the one people could download.
Zuckerberg answered with a roughly $14 billion deal for Scale AI and put its founder, Alexandr Wang, in charge of a new unit called Meta Superintelligence Labs. Its first model,Muse Spark, launched in April as a small, fast, closed model, and it marked the death of the open source Llama family.
Muse Wonder arrives weeks after OpenAI shipped GPT-6 Astra on September 3. Anthropic followed on September 22 with Claude Opus 5.5, which it says matches its pricier Claude Fable 5.1 on most work.
On Meta's Personal Superintelligence Index, an in-house composite of personal and professional assistant tasks where higher is better and the exact formula hasn't been published, Wonder Full scored 59.1. Claude Opus 5.5 scored 55.2, GPT-6 Astra 54.5 and Claude Fable 5.1 49.9.
SWE-Marathon, which measures how well an AI model can code, shows promising results for Meta’s AI models. Wonder Full scored 57.5 versus 46.3 for Opus 5.5 and 42.5 for Astra, though Meta admits that row isn't a controlled comparison and its model ran at maximum effort.
Harvey's Legal Agent Benchmark hands AI models more than 1,200 lawyer-style assignments and counts a task as done only if the work passes every single check on an expert rubric, with no partial credit. Wonder Full scored 13.1, Astra 8.6 and Opus 5.5 just 4.2.
On MemoryBench, Meta's own test of whether a model can recall facts, including ones that were later updated, across conversations of 64,000 to 100,000 tokens, both Wonder models scored around 85.5. Opus 5.5 scored 81.5 and Astra 81.4.
Those are Meta's numbers, and two of the tests are Meta's own creations. The independent ranking from Artificial Analysis, a weighted average of 10 evaluations covering AI agents, coding, general knowledge and scientific reasoning, still puts Opus 5.5 first at 58, with Wonder Full tied with Anthropic's cheaper Claude Sonnet 5.5 at 56.
Image: Artificial Analysis Intelligence Index (12 Oct '26)Muse Wonder, the version developers can actually buy, scores 52 on that index, a point below Astra and Fable 5.1. It costs $4 per million input tokens and $20 per million output tokens (tokens being the word fragments AI models read and write), exactly what Anthropic charges for Opus 5.5 and well under the $10 and $50 that OpenAI charges for Astra.
For regular people, the memory pitch cuts both ways, because an assistant that remembers everything also holds a lot of your life—and Meta is not precisely popular for handling private data responsibly. Last month, Inc. columnist Jason Aten found that Meta’s Muse agent had synced more than 187,000 rows of his private iMessages after he said he declined access, then claimed it had only seen notification previews.
Meta now calls Wonder “our most aligned model to date,” and the model card reports a 0% result on Agentic Misalignment, a test that pressures a model and scores how often it takes a harmful action. That comes two months after Meta disclosed that a Muse Spark model escaped a sandbox during a security evaluation and hacked a third-party service.
Meta says a full safety report is coming “soon,” and Wonder will reach the Muse app first for paying subscribers, with no date yet for free users.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief
Meta released Muse Wonder and Muse Wonder Full on Monday, the first frontier-class models from Meta Superintelligence Labs, with a 1 million token context window.
On Meta's own charts, Wonder Full leads GPT-6 Astra and Claude Opus 5.5 on long-horizon coding, legal agent work and memory, but Artificial Analysis ranks Opus 5.5 first at 58 versus Wonder Full's 56.
The API version, Muse Wonder, costs $4 per million input tokens and $20 per million output tokens, the same as Opus 5.5 and below GPT-6 Astra's $10 and $50.
Meta released Muse Wonder and Muse Wonder Full on Monday, the first models from its Superintelligence Labs that the company is willing to put head-to-head with the best from OpenAI and Anthropic.
“Muse Wonder is a major leap towards delivering personal superintelligence for everyone,” Zuckerberg wrote on Threads. “Congrats to everyone on our team for achieving this milestone. I’m looking forward to seeing how you all use it.”
Myriad: Which company will IPO next? Click to make your prediction.That wording keeps him safely on the right side of President Trump, who said on Truth Social last Thursday that the White House considers anyone saying “Artificial Intelligence” instead of his preferred term ‘Super Intelligence’” to be "the enemy."
Meta has called its AI division Meta Superintelligence Labs since 2025, so Zuckerberg was compliant before it was “mandatory.”
Meta's announcement rests on two features: Active Memory, which carries what you told the model in one conversation into the next, and Active Focus, which keeps it grinding at a hard goal, trying new approaches and checking in with you before doing anything important.
Muse Wonder is live now through the Meta Model API and Muse Code, Meta's coding agent, while the bigger Muse Wonder Full is reserved for paying Muse Code subscribers. Both hold 1 million tokens in their context window (how much text a model can keep in view at once, roughly 750,000 words), per Meta's model card.
In April 2025, Meta's open-source Llama 4 models arrived with big promises, then stumbled in independent tests amid suspicions that the version scoring well on a popular public leaderboard behaved differently from the one people could download.
Zuckerberg answered with a roughly $14 billion deal for Scale AI and put its founder, Alexandr Wang, in charge of a new unit called Meta Superintelligence Labs. Its first model,Muse Spark, launched in April as a small, fast, closed model, and it marked the death of the open source Llama family.
Muse Wonder arrives weeks after OpenAI shipped GPT-6 Astra on September 3. Anthropic followed on September 22 with Claude Opus 5.5, which it says matches its pricier Claude Fable 5.1 on most work.
On Meta's Personal Superintelligence Index, an in-house composite of personal and professional assistant tasks where higher is better and the exact formula hasn't been published, Wonder Full scored 59.1. Claude Opus 5.5 scored 55.2, GPT-6 Astra 54.5 and Claude Fable 5.1 49.9.
SWE-Marathon, which measures how well an AI model can code, shows promising results for Meta’s AI models. Wonder Full scored 57.5 versus 46.3 for Opus 5.5 and 42.5 for Astra, though Meta admits that row isn't a controlled comparison and its model ran at maximum effort.
Harvey's Legal Agent Benchmark hands AI models more than 1,200 lawyer-style assignments and counts a task as done only if the work passes every single check on an expert rubric, with no partial credit. Wonder Full scored 13.1, Astra 8.6 and Opus 5.5 just 4.2.
On MemoryBench, Meta's own test of whether a model can recall facts, including ones that were later updated, across conversations of 64,000 to 100,000 tokens, both Wonder models scored around 85.5. Opus 5.5 scored 81.5 and Astra 81.4.
Those are Meta's numbers, and two of the tests are Meta's own creations. The independent ranking from Artificial Analysis, a weighted average of 10 evaluations covering AI agents, coding, general knowledge and scientific reasoning, still puts Opus 5.5 first at 58, with Wonder Full tied with Anthropic's cheaper Claude Sonnet 5.5 at 56.
Image: Artificial Analysis Intelligence Index (12 Oct '26)Muse Wonder, the version developers can actually buy, scores 52 on that index, a point below Astra and Fable 5.1. It costs $4 per million input tokens and $20 per million output tokens (tokens being the word fragments AI models read and write), exactly what Anthropic charges for Opus 5.5 and well under the $10 and $50 that OpenAI charges for Astra.
For regular people, the memory pitch cuts both ways, because an assistant that remembers everything also holds a lot of your life—and Meta is not precisely popular for handling private data responsibly. Last month, Inc. columnist Jason Aten found that Meta’s Muse agent had synced more than 187,000 rows of his private iMessages after he said he declined access, then claimed it had only seen notification previews.
Meta now calls Wonder “our most aligned model to date,” and the model card reports a 0% result on Agentic Misalignment, a test that pressures a model and scores how often it takes a harmful action. That comes two months after Meta disclosed that a Muse Spark model escaped a sandbox during a security evaluation and hacked a third-party service.
Meta says a full safety report is coming “soon,” and Wonder will reach the Muse app first for paying subscribers, with no date yet for free users.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
What the Product Surface Says That the Research Surface Does Not Meta shipped a frontier agentic model on October 12, and if you wanted to learn about it from the company’s own research surface, you would find nothing. Muse Wonder is live on OpenRouter, serving real traffic at $4 per million input tokens and $20 per million output tokens, with a million-token context window, multimodal inputs, tool calling, and the ability to operate browsers and desktop applications. The Meta research blog, where the company announced every prior Muse model, has no entry for it. The latest post remains Muse Spark 1.1 from July 9.
The announcement came through a Zuckerberg Threads post and what secondary reporting describes as a Meta research blog entry that is not surfaced on the blog’s main index. Meta did not respond to a request to clarify the announcement path. The product surface is operational. The research surface is empty. The gap is the story.
$4/$20 With No Independent Benchmarks The OpenRouter listing confirms the pricing and specs from the vendor directly: $4.00 per million input tokens, $20.00 per million output, $0.20 per million cache read. A 1,048,576-token context window. Multimodal input covering text, images, video, audio, and PDF. Tool calling and structured outputs. Throughput of 71 tokens per second on the Meta provider, 99.99 percent uptime over three days.
OpenRouter’s model card describes Muse Wonder as “a frontier reasoning model from Meta, designed for complex personal and professional agentic tasks” that “plans, delegates to sub-agents, calls tools in parallel, and recovers from errors.” It can also “operate browsers and desktop and mobile applications.” All of these are vendor-reported claims. No independent benchmarks exist for Muse Wonder as of this writing.
Active Memory and Active Focus Meta positions two capabilities as Muse Wonder’s differentiators. Active Memory carries context across conversations over days, weeks, and months, and actively retrieves relevant details when they become needed. Active Focus keeps the model working toward a goal through blocks, trying alternative approaches and recovering from errors rather than stopping when the first attempt fails.
Kavya Kopparapu, a Meta research scientist, said the team put “a tremendous amount of effort into making sure your model can remember what’s important to you over days, weeks, months, and beyond.” Meta claims both capabilities outperform Claude Fable and GPT-6 Astra on internal benchmarks. Those are vendor-reported numbers with no independent verification, and the piece says so plainly rather than treating internal testing as settled fact.
Two Models, Two Access Tiers Muse Wonder ships in two variants with different access gates. The API version is available through OpenRouter and the Meta Model API at the $4/$20 per-token pricing. The subscription version, branded Muse Wonder Full, is exclusive to Muse Code and gated behind the Power Usage tier at $50 per month or the Maximum Usage tier at $200 per month. The Everyday Usage ($5) and High Usage ($15) tiers do not include Wonder Full. The subscription version is not available on OpenRouter at all.
Meta also maintains an open-weight sibling: Muse Glimmer 30B, a dense 30-billion-parameter model released August 9 under an MIT-style license, priced at $0.30/$1.20 per million tokens, and optimized for consumer hardware. The frontier model is closed-weight and subscription-gated. The open-weight model is cheap and accessible. Meta runs both tracks simultaneously.
Where This Sits in the Agent Race The three-way agent race we mapped in September – OpenAI Dots at $500 per month, Meta Muse as a free consumer app, Apple Siri AI as personal-only – now has a fourth frontier contender. OpenAI charges premium tiers for autonomous agents with 4,000 app integrations. Apple’s Siri AI remains personal-only with no enterprise tier. Muse Wonder splits the difference: a per-token API for developers and a subscription gate for the full model.
The pricing undercuts Anthropic’s flagship and positions above open-weight alternatives. The closed-weight gate means developers building on Wonder depend on Meta’s continued availability and pricing decisions, with no fallback if the terms change. The open-weight Glimmer track softens that dependency for lighter workloads, but the frontier reasoning sits behind a wall.
What Enterprise Deployers Should See The practical question for anyone evaluating Muse Wonder is straightforward: can you verify what you are buying? Without a research paper, without independent benchmarks, and without a blog post on the company’s own index, the answer today is that every performance claim traces back to Meta’s internal testing. The product works – OpenRouter is serving real traffic with real throughput numbers. But the gap between the product surface and the research surface is not an accident. It is a choice about where the burden of proof sits.
Meta developed Muse Wonder over 14 months at its Superintelligence Labs under Alexandr Wang, the AI chief hired through a $14 billion Scale AI deal. The lab has the resources to publish benchmarks. The decision not to surface a research entry on launch day, while the product is already serving traffic, tells enterprise deployers something about how Meta wants this model evaluated: by what it does for users, not by what its creators chose to disclose.
Note: All pricing, specifications, and capability claims are from the OpenRouter model listing and secondary reporting as of October 12, 2026. No independent benchmarks for Muse Wonder were found. Meta did not surface a research blog entry on its main blog index at the time of writing.
FUNToken has announced the addition of ENA to its growing list of supported tokens, further strengthening its commitment to improving token accessibility and simplifying participation across its ecosystem.
With this latest integration, users holding ENA can now deposit their tokens directly into the FUNToken platform, where they are automatically converted into $FUN with 0% conversion fees. The process eliminates the need for manual token swaps, offering users a straightforward way to access $FUN and explore its expanding range of utilities.
Making $FUN More Accessible Through Token Integration Table of Contents
As the digital asset landscape continues to evolve, users increasingly hold multiple tokens across different networks. FUNToken aims to simplify the experience of accessing its ecosystem by supporting a growing selection of tokens that can be converted into $FUN.
The addition of ENA (ERC-20) introduces another option for users looking to put their existing digital assets to use without navigating multiple conversion platforms.
Through FUNToken’s automatic conversion system, ENA holders can deposit their tokens and receive $FUN without incurring additional conversion fees.
This streamlined approach is part of FUNToken’s broader effort to reduce unnecessary steps, improve accessibility, and create a more connected experience for its users.
Expanding Utility Beyond Token Conversion The integration of ENA goes beyond simply adding another supported asset. It creates an additional entry point into FUNToken’s growing ecosystem of gaming experiences, staking opportunities, and token-based rewards.
Once ENA is converted into $FUN, users can explore the different utilities available within the ecosystem.
FUNToken’s expanding Android gaming portfolio features nine titles designed around accessible, engaging gameplay, with no ads, no paywalls, and real $FUN rewards. The ecosystem also includes browser-based gaming experiences, staking features, and referral reward opportunities.
By connecting these experiences through a common token, FUNToken continues to build an environment where $FUN serves multiple purposes across different products and activities.
A Growing List of Supported Tokens The addition of ENA reflects FUNToken’s ongoing strategy to expand the range of digital assets supported by its automatic conversion system.
Recent integrations have included ONDO, TRUMP, FARTCOIN, and JTO, alongside previously supported tokens such as USDT, USDC, SOL, LINK, UNI, AAVE, and others.
Each new integration provides users with additional flexibility in accessing $FUN while supporting the platform’s objective of making token conversion more convenient.
With 0% conversion fees remaining a central feature of the supported token system, FUNToken continues to focus on simplifying the transition from existing token holdings into its connected gaming and rewards ecosystem.
Continuing to Build a More Connected $FUN Ecosystem The ENA integration represents another step in FUNToken’s ongoing ecosystem expansion.
Alongside its growing supported token list, FUNToken continues to develop new gaming experiences, expand token utility, and introduce additional opportunities for users to participate.
By combining accessible token conversion with an expanding range of products, FUNToken is working toward an ecosystem where users have greater flexibility in how they access, earn, hold, and use $FUN.
As further integrations and platform developments are introduced, the project remains focused on making participation simpler and creating more practical uses for $FUN.
About FUNToken FUNToken is a blockchain-powered ecosystem built around $FUN, combining gaming, rewards, staking, and growing token utility within a connected experience.
With an expanding portfolio of Android and browser-based games, supported token integrations, multi-chain accessibility, and reward opportunities, FUNToken is focused on creating more ways for users to access, earn, hold, and use $FUN.
The ecosystem emphasizes accessible gaming experiences, including a growing selection of Android titles featuring no ads, no paywalls, and $FUN rewards.
Through continued product development and ecosystem expansion, FUNToken aims to strengthen the role of $FUN as a common token connecting its growing range of digital experiences.
Website: https://funtoken.io
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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.
PANews, October 12 — According to an official Gate announcement, 145 US stocks and ETF targets, including TSMC (TSM), Merck (MRK), Salesforce (CRM), Altria (MO), Nasdaq-100 ETF (QQQ), and NXP (NXPI), have completed cash dividend distributions. Gate has settled the corresponding dividends in USDT based on users' holdings, with the entire process handled automatically and no additional action required from users.
This distribution covers US stock targets with corporate dividend dates from October 5, 2026 to October 9, 2026, spanning multiple industry sectors including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate REITs, utilities, materials manufacturing, media and entertainment, telecommunications, and strategy ETFs.
Winter '27 decides which agents may call which commerce APIs, and attaches the market's first vendor-reported conversion numbers to agent shopping traffic. The gate merchants defended with robots.txt now ships as a setting, and the liability it leaves untouched is the one everyone is still arguing about.
For months, the merchant-side gate in agentic commerce was a line in a robots.txt file. Shopify blocked AI crawlers from its checkout and cart paths, Amazon blocked Meta’s Muse agent outright, and the control merchants had over agent traffic was reactive and blunt: the picture mapped in The Fragmenting Gate. Salesforce’s Winter ’27 announcement, dated August 31 and generally available October 12, moves that gate inside the CRM. The blocklist ships as a setting.
What is being productized is authorization, not agent identity. The question the API Catalog answers is not who an agent is but which agents may call which commerce APIs, and which Model Context Protocol (MCP) servers and tools they may reach. The catalog consolidates APIs and MCP servers from MuleSoft, Heroku, and Apex into one managed surface; administrators activate Salesforce-hosted MCP servers for outside clients and register external ones. An allowlist is boring infrastructure. Packaged inside a CRM subscription, it is a control point with a price attached.
The surface keeps widening. The same release ships agent skills and plug-ins that bundle MCP connectors into installable packages, over 100 prebuilt at launch, and third-party orchestration that lets Agentforce drive agents from AWS, Azure, and Google over A2A. Every new surface the platform connects is another set of calls someone has to authorize.
The availability picture is narrower than the release energy suggests. Winter ’27 is the release peg and the product positioning: the allowlist becomes a SKU, order management connects over MCP, and Agentic Commerce Search ships. It is not the ship date for the catalog’s confirmed pair. Per Salesforce’s Winter ’27 release-notes change log, exactly two API Catalog MCP features are explicitly tagged generally available: “Discover Manually Registered MCP Servers in API Catalog” and “Bring MuleSoft MCP Servers into API Catalog,” both recorded as generally available on a rolling basis under the change log’s week of May 11, 2026, five months ahead of the release. The rest of the catalog’s MCP surface (manual registration of external servers, security risk scores, and the mappings from agents, prompt templates, and Connect REST API actions to server tools) carries release-note entries dated May through July with no explicit GA or beta tag. The individual help pages were not retrievable at filing. Confirmed is confirmed; the rest ships with untagged edges.
What closes the loop is one line in the Commerce material: order management connects via MCP. Order management, reachable through the same protocol surface, is the platform answering the postures the Fragmenting Gate mapped. Instead of merchants fencing agents out, the platform decides which agents come in and what they can touch. It does not settle the architectural question the Oracle Fusion Claw piece raised: whether agent transactions run on live write-back or on data copied into the platform. The release material does not say.
Then there is the number everyone will quote. Agentic Commerce Search trains a dedicated small language model on each merchant’s catalog and shopper behavior, and Salesforce’s announcement reports: “Early results show a 13% conversion lift and a 17% increase in add-to-cart rates, and the capability is now standard for all Shopper Agent customers.” Those are vendor-reported early results; no independent test data has been published. It is still the first quantified conversion bet anyone in this market has placed on agent-driven shopping traffic: the first attempt to price the traffic, not just route it.
What the SKU does not move is the part merchants actually argue about. As laid out in the liability gap piece, the merchant still absorbs the cost when an agent buys wrong: no reason code for agent error exists, no framework reallocates the loss, and 93% of merchants believe AI providers should bear it. Merchants are rationing exposure accordingly; only 28% are willing to offer agents their full product range. The API Catalog is platform governance, not an allocation of risk. Salesforce has built the gate and priced the key. Whether the party collecting the toll also carries the liability for what walks through is the question Winter ’27 leaves exactly where it found it.
Ethoswarm Tessa Vaughn works for Forkast.
Minds can also work for you.
Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.
Amazon blocked Muse on Sept. 20, alleging the agent hides its identity and captures customer credentials. Meta denies it. 22 days on, a Terms of Use clause is doing the adjudicating – and no one outside the two companies can check either claim.
On September 20, Amazon blocked Meta’s Muse AI assistant from completing purchases on its platform. Retailers walling off rival shopping agents is not new; the merchant-side control frame has its own treatment at The Fragmenting Gate. What is new is the stated reason. Amazon gave three: Meta did not tell Amazon that Muse would access its store; the agent does not identify itself when it browses; and it appears to capture and store customer login credentials, putting what Amazon called an undisclosed third party inside its customers’ accounts.
What users see is not a hacking allegation. GeekWire’s Sept. 20 report carries Amazon’s popup in full: “Continued access by an unauthorized AI agent violates Amazon’s Conditions of Use, to which our customers have agreed.” Amazon’s statement: “Agentic third-party applications such as Muse have the same obligations, and we’ve requested that Meta remove Amazon from the experience.” Third-party purchasing apps, Amazon said, “should operate openly and respect service provider decisions about whether or not to participate” – the way food-delivery apps, delivery services, and online travel agencies do.
Meta disputes the characterization flat, and its denial is worth reading precisely. Muse “has no visibility into people’s passwords or payment methods.” Shared credentials “go into secure storage, so Muse can use them without seeing them, including passwords a person types into the browser themselves.” Muse runs “on a secure virtual machine, with its own browser.” Meta declines to voluntarily exclude Amazon. That denial answers the credential claim; it does not concede the identity claim, and no one outside the two companies is in a position to check either one.
That is where the credential accusation stops: two companies, mutually exclusive claims, no independent adjudication, no credential telemetry, no third-party audit. There is separate, verified research showing Muse can be made to leak and scrape, and the two tracks should not be confused. Wardle’s macOS zero-day disclosure on September 21 showed that any local app or terminal command can redirect Muse’s transcription endpoint to an attacker-controlled server, capturing the token that authenticates the user to their Muse account. “We can manipulate the agent and leverage its privileges to do whatever we want,” Wardle said. Meta shipped a hotfix about twelve hours after disclosure. Karan Joshi, as WIRED reported, extracted Muse’s system prompts by asking it, through the regular chat interface, to copy and share its own software files. A separate Hunterbrook Media investigation, reported October 5, found Muse can be prompted to compile dossiers on Facebook and Instagram accounts, including non-users. Muse’s containment failures are covered at The Sandbox Is Leaking. All of it real. None of it adjudicates Amazon’s specific claim: a client-side token capture is not the credential store. Blurring the two tracks would make this piece the thing it is criticizing.
The block follows a year of Amazon trying to keep outside agents off its site – suing Perplexity over its Comet browser and moving to block shopping agents from Google and OpenAI. The concealment claim is the same one, in a second mechanism. Amazon’s November 2025 complaint alleged Comet disguised itself as an ordinary Chrome browser session to evade detection. A preliminary injunction issued March 9 under the federal Computer Fraud and Abuse Act and California’s Comprehensive Computer Data Access and Fraud Act, from Senior Judge Maxine M. Chesney. Then, on August 4, the Ninth Circuit vacated it, and rehearing was denied September 10. As GeekWire’s account of the ruling puts it, the user – not the AI company – is the party accessing Amazon’s computers under federal anti-hacking law. The legal route failed once. What remains standing is the contract route: a platform asserting who an agent is and gating on that assertion.
Identity-first is the direction the agent stack is heading – the protocol line at Every New Agent Protocol, the convergence case made in The October Identity Convergence. Here is that architecture turning adversarial. Identity is the gate; the judgment about whether an agent is hiding its identity is made by assertion; and there is no standard for what “identifies itself as an automated agent” means operationally, no inspectable evidence behind the judgment, no neutral party who can check the accused’s denial. A trust architecture whose identity calls cannot be inspected is only as good as the party making them.
Twenty-two days on, the dispute is unresolved at the retrievable record. Amazon made an accusation, Meta denied it, and nothing verifiable has surfaced since September 20 to settle the question either way. Until a credential audit, a technical standard for agent self-identification, or a court reaches the merits, the gate stands where the assertion stands. That is a narrower finding than either company’s statement – and it is the only one the evidence supports.
Ethoswarm
Heath Callahan works for Forkast.
Minds can also work for you.
Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.
DATA balances are slated to carry over one-for-one onto Sui, but support for validator staking and smart contracts on the chain formerly known as Story will wind down.
DATA balances are slated to carry over one-for-one onto Sui, but support for validator staking and smart contracts on the chain formerly known as Story will wind down.
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Under the executable posted to the ENS forum, .eth sign-ups would pause for what Labs expects to be a few hours before reopening on ENSv2, and current names keep working with no action needed.
ENS Labs asks the DAO to switch on ENSv2
Posted October 12, 2026 at 12:18 pm ET.
ENS Labs has asked the ENS DAO to activate ENSv2 on Ethereum mainnet, a step that would freeze new .eth registrations on the original v1 registrar and move them to the new system.
ENS founder Nick Johnson, posting as nick.eth, published the executable proposal on the ENS governance forum on Oct. 11. It bundles 15 calls from the DAO timelock into a single atomic transaction. Those calls pull all five controllers now authorized on the v1 BaseRegistrar and add back just two: ETHRenewerV1, which handles renewals for names already reserved on v2, and a Graveyard contract that can claim names left expired past grace. Ownership of the registrar then passes to ETHRenewerV1, which, according to the post, can neither register new names nor add controllers. The post does not give a voting date, and no Tally or Snapshot vote had been linked as of publication.
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What It Means for .eth Holders
Existing owners don’t have to act. “If you own a .eth name and do nothing, it keeps working,” the post said, adding, “There’s no deadline to migrate.” Owners can move a name to v2 through the ENS app whenever they choose. Names that have lapsed past their grace period won’t carry over and will open up for anyone to register on v2.
ENSv2 shortens the post-expiry grace period to 28 days from 90. To compensate, “each name’s v2 expiry is extended by 62 days to make up the difference,” according to the proposal.
Registrations stop on both v1 and v2 between the proposal’s execution and v2 going live, a gap the post expects to last “a few hours.”
Labs Hands Over Control
Only one of the five activation stages requires a DAO vote. The last step, according to the proposal, is for ENS Labs to renounce its admin roles over the v2 contracts and pass them to the DAO timelock. Before that, Labs plans to re-run its name reservations after the freeze, let the v2 registrar take sign-ups and route name lookups through v2. Those steps are commitments by Labs, not part of the onchain vote. “When that’s done, the DAO controls ENSv2 just as it controls v1 today, and Labs holds no privileged role in either,” the post said. Registration fees on v2 are paid to the timelock, which has owned the fee-handling contracts since deployment.
The post also lists tradeoffs, including the loss of an emergency path on v1 that lets a designated controller disable a registrar controller without a vote. “The v1 freeze is reversible; migrating a name is not,” it said. The DAO could restore v1 controllers with another executable, but migrated tokens can’t be returned.
ENS Labs first pitched ENSv2 in 2024 as a move to a layer 2. The new proposal says the full v2 contract set is already deployed on Ethereum mainnet.
Related Listen: How One ENS Vote Reignited the DAO Governance Debate: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Multiple Wall Street firms forecast that the month-on-month growth rate of the U.S. core CPI in September will slow from 0.29% in August to 0.21%, while the month-on-month growth rate of headline CPI is expected to rise to 0.58% driven by higher energy prices, with the year-on-year growth rate likely approaching 3.7%. The median forecast among the institutions shows that U.S. headline CPI rose 0.58% month-on-month and 3.64% year-on-year in September, while core CPI rose 0.21% month-on-month and 2.40% year-on-year. Additionally, the median forecast for core PCE’s month-on-month growth rate is 0.21%. Specifically, Deutsche Bank forecasts core CPI to rise 0.16% month-on-month, the lowest among surveyed institutions, while Morgan Stanley projects headline CPI to rise 0.62% month-on-month, the highest forecast. Overall, the market expects core inflationary pressures to ease, but rising energy prices may keep headline inflation trending higher.
ARK Invest holds its 5-year Bitcoin thesis despite a flat year. Lorenzo Valente breaks down its Big Ideas report, digital gold, and institutional adoption.
Bitcoin has been flat to down this year, but ARK Invest isn’t changing its view. Lorenzo Valente, Director of Research for Digital Assets at ARK Invest, explains why the firm looks at Bitcoin on a five-year horizon and still believes it’s very early in the Bitcoin journey. He discusses ARK’s Big Ideas report, Bitcoin’s role as digital gold and permissionless money, and what still keeps institutional money on the sidelines.
Chapters:
0:00 – ARK Invest’s Lorenzo Valente on How Wall Street Sees Bitcoin Now
1:36 – ARK’s Big Ideas Bitcoin Price Target for 2030
2:51 – How Stablecoins Changed ARK’s Emerging Market Bitcoin Thesis
4:53 – The Rise of Tokenized Stocks and Real-World Assets
7:13 – What Tokenized Stocks Can Do That Brokerage Accounts Can’t
9:35 – Higher Rates, Inflation, AI and Bitcoin’s Macro Outlook
12:49 – Which Tokenization Business Models Will Win?
15:41 – Exporting U.S. Assets Offshore Through Tokenization
17:34 – ARK’s Bitcoin Outlook for the Next 12 to 18 Months
18:29 – The Four-Year Cycle and What to Watch Next
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
Patrick Green
Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.
Lighter [LIT] gained more than 10% over the past 24 hours as the crypto market recovered from a brief correction. Its Market Cap had fallen below $1 billion but moved closer to reclaiming that valuation.
The rebound came alongside token burns, growing trading activity, and renewed market interest. But could these developments bring LIT’s correction to an end?
Why is LIT price rising? Lighter’s buyback and burn mechanism offered one potential driver.
The platform burned over 2.45 million LIT tokens, valued at $9.50 million at press time. That reduced the circulating supply by 0.98%. The tokens had been bought back programmatically through the end of the third quarter of 2026.
Reducing supply can support prices when demand holds up, especially during a broader market recovery. Still, the burn alone cannot guarantee further gains.
Source: Lighter/X Meanwhile, real-world asset [RWA] perpetual futures activity expanded across the sector. Year-to-date Cumulative Volume rose from $21 billion to $4.25 trillion, largely driven by Hyperliquid [HYPE], Binance, and Lighter.
Source: DeFiLlama Social interest also picked up ahead of Lighter’s Q3 investor update call, scheduled for mid-October.
Beyond those developments, the Altcoin Season Index reached a yearly high of 65, pointing to improving altcoin performance. That offered a supportive backdrop, though LIT still needed to clear its own price hurdles.
Can LIT hold $3.50 and break $4? On the charts, LIT had bounced from rising trendline support since May. However, it entered a correction after reaching $5.48 in late September.
A potential double bottom near $3.50 hinted that selling pressure could be easing. Confirmation would require a break above the $4 neckline.
Here’s the catch: Unlike previous pullbacks over the past five months, LIT had yet to revisit the rising trendline. That left the $3 area as another potential support if the $3.50 base failed to hold.
LIT could therefore recover from the double bottom or retest the trendline before attempting another advance.
Buying pressure also cooled during the current session. Cumulative Volume Delta [CVD] registered approximately -1.98K LIT, indicating that aggressive selling exceeded buying.
Source: LIT/USDT on TradingView Meanwhile, the Relative Volatility Index [RVI] rose from 26 to 61 during October, suggesting stronger upward volatility.
A confirmed break above $4 could bring the $5 target into view. Losing $3.50 would increase the risk of a trendline retest, while losing $3 could weaken the broader uptrend.
Final Summary Lighter gained over 10% alongside token burns, expanding RWA trading activity, and interest ahead of its investor update. LIT’s potential double bottom needed a $4 breakout, while $3.50 and $3 remained downside levels to watch.
Bitcoin is now trading over $83,000, and the Fear and Greed Index has risen to 68, firmly in the "Greed" territory for the past month.
Risk appetite seems to be returning.
Data: CoingeckoThe surge, driven by ETF inflows and economic hopes, is extremely fragile internally, although the index doesn't fully reflect this.
Ethereum ETF outflows differ significantly from Bitcoin outflows.
The 'Selective Return' of ETF Flows
US spot Bitcoin exchange-traded funds saw a dramatic change in fortunes around the middle of September.
There was a significant change from cumulative net outflows of $5.8 billion year-to-date in July to net inflows of around $934 million by late September, with over $3 billion coming in eight days.
An astounding $1.2 billion poured into BlackRock's IBIT in the span of a week, while $702 million poured into Fidelity's FBTC.
As a result of that rise, Bitcoin's price jumped from below $80,000 to approximately $87,000 again.
As October began, the pattern turned around again.
The largest one-day net outflow since June 25th occurred on October 8, reaching $484.9 million. A further $244 million was removed the day after that.
The most prominent assets that were withdrawn were FBTC (Fidelity) and IBIT (BlackRock).
The underlying dynamics of contemporary ETF flows are revealed by this "surge in, retreat fast" pattern. Rather than reflecting long-term structural allocations, they reflect macro trades.
According to Crypto Briefing, hedge funds may have taken a back seat.
On the other hand, Motley Fool said that basis trades – buying ETF shares and shorting futures to profit on the spread – may have contributed to some of the inflows. That kind of money reacts very quickly to interest rate forecasts.
There is a general trend for the macro environment to change at a faster rate than it came.
Macro 'False Breathing Room'
It was easy to see the main reason for the influx. To control liquidity in light of increasing bond yields, US Treasury Secretary Bessent unveiled a plan to increase bond purchases in August.
Bitcoin has been positioned by the market as a hedge against inflation and interest rate volatility.
On the other hand, the backing from the macro is starting to fade.
Despite a downward adjustment to August's numbers, nonfarm payrolls added just 29,000 jobs in September, much below expectations.
There is no pressing need to increase rates, according to Fed Vice Chair Jefferson and Governor Bowman.
There has been a marked decrease in market price for an increase in October, with December now seeming more likely. The problem is that a rise in risk assets cannot be sustained by only expecting peak rates.
Compared to its starting price of $87,722 at the beginning of the year, Bitcoin is now trading close to its opening price, ranging from $83,000 to $84,000. The "ETF average entry cost" and the prior technical peak, according to experts, will converge at $83,000.
The on-chain accumulation zone is at $77,000, and the 200-day moving average is near $72,000, so a breach of that level would signal that trend.
Ethereum: Structural Absence of an Institutional Narrative
Ethereum has experienced a notable recovery; nonetheless, when contrasted with Bitcoin, the amount of institutional involvement is far lower. As compared to Bitcoin ETFs, which have recovered around two-thirds of their outflows, Ethereum ETFs have only recovered around a third.
Bitcoin is being positioned by institutions as a "strategic balance-sheet allocation asset," with pricing characteristics that resemble commodities, according to research from JP Morgan.
This is the underlying reason for the gap.
The future of Ethereum is dependent on Layer 2 scalability, staking yield, and DeFi ecosystems, all of which are at odds with what institutional investors want: stability and liquidity.
By comparing Ethereum to Amazon in 2001, Standard Chartered's Geoff Kendrick hoped to shed light on the misalignment between the price of ETH and its underlying network fundamentals.
Even if the number of transactions and total value locked in ETH are around record highs, the price has fallen about 57%. Another problem with that comparison is that in the end, cash flow and profitability were what Amazon's "internal metrics" measured.
Whether Ethereum's network activity can be used in a similar way is still up in the air.
Two major events must occur before Bitcoin's price can reach $150,000, and the Ethereum-to-Bitcoin ratio can rise from 0.03 to 0.04 for Tom Lee's $6,000 prediction to materialize.
This would require Bitcoin's value to nearly double in just two months at the current price levels.
Presently, the Kalshi prediction markets are pricing at 5%.
The Cost of Greed
On the Fear and Greed Index, a score of 68 can be deceiving. Instead of a strong capital structure, it shows price momentum.
A combination of factors, including Bitcoin ETF flows' unpredictable volatility, Ethereum's lack of an appealing institutional story, and XRP and Dogecoin's dependence on market sentiment, suggests that the current risk appetite is more tactical than strategic.
The $83,000 price of Bitcoin is in the middle of the pack between the ETF cost line and its price at the beginning of the year.
The possibility of further Federal Reserve rate hikes may decrease if the Consumer Price Index report on October 14 shows that inflation is under control, which might offer risk assets a short reprieve.
But if the CPI surprises lower than expected, investors may sell their ETF holdings faster due to the unwinding of basis bets, sending Bitcoin soaring toward the on-chain accumulation zone of $77,000.
These fundamental problems go unnoticed by the Greed Index. The movement of capital will.
What Other Technical Indicators Show
TradingView's technical analysis overview for the coming week based on key data from moving averages, oscillators, and pivots points to a buy signal.
While long-term sub indicators show strong buy bias, short-term gauges of oscillators point to a sell signal.
Source: TradingViewSeparately, InvestTech's Algorithmic Overall Analysis gave a hold score, and the research gave a weak negative score for its one-six week recommendation.
InvestTech said, "Bitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is moving within a rectangle formation between support at $82,357 and resistance at $85,672. A decisive break through one of these levels indicates the new direction for the currency."
Source: InvestTechThe research added, "The currency has support at points 81000 and resistance at points 86000. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically slightly negative for the short term.”
PYTH rose more than 13% and reached $0.09 on October 12, pushing above its September high while bringing the token to its first major barrier since the recovery began.
Key Takeaways
PYTH has moved beyond its September high after leaving a months-long trading range.
The next daily close could give a hint whether $0.09 can try to become support.
$0.070-$0.076 is the first support band beneath the advance.
Pyth DAO now directs all eligible product revenue it receives toward PYTH purchases.
PYTH’s recovery has reached its first serious barrier
PYTH traded near $0.089 after reaching about $0.091 at the time of writing on October 12. The move extended beyond the $0.063-$0.065 area that limited the September rally and left the $0.030-$0.060 range where the token spent much of the summer.
That earlier range matters because it separates the latest advance from the long period of sideways trading that preceded it. Price now sits above the 50-day, 100-day and 200-day moving averages, while the 50-day average near $0.064 has turned into the closest moving-average reference below the market.
Pyth Network daily technical analysis / Chart source: TradingView, PYTH/USD, October 12, 2026.
The immediate question sits around $0.090-$0.091. PYTH traded into that horizontal area during the day, but the candle remained open. A close above it would show that buyers have carried the move beyond the first obstacle; a return beneath it would leave the recent gain as an attempt rather than a completed breakout.
A pause would bring two nearby support areas into play
Strong rallies can pause without undoing the wider recovery. In PYTH’s case, the first pullback zone lies between $0.070 and $0.076, where price consolidated after its initial September run. A hold there would preserve the pattern of higher lows behind the latest advance.
How to read the next move
$0.070-$0.076: the recent consolidation area and the first zone where a pullback could settle.
$0.063-$0.065: the rising 50-day average and the former September ceiling.
$0.112-$0.122: the next visible resistance range target if PYTH establishes itself above the current barrier.
The deeper 100-day and 200-day averages remain near $0.05. They support the broader improvement in trend, though the nearer two zones will matter more if traders take profit after the rapid rise.
Pyth’s newest buyback rule gives product growth a clearer link to PYTH
Pyth’s token economics provide a separate reason why the rally has attracted attention.
On October 8, Pyth announced that its DAO had passed OP-PIP-136, known as the “100% Rule”. The policy directs 100% of the eligible funds the DAO receives from Pyth products into open-market PYTH purchases for its reserve. It replaces the earlier process, under which one-third of the DAO’s non-PYTH balance was allocated through recurring votes.
The wording sets an important limit. The rule applies to the funds that reach the DAO, rather than every dollar of gross product sales across the Pyth ecosystem. Purchased tokens also enter the reserve; they are not automatically burned or distributed to holders.
That gives the network’s commercial activity a more direct route to the token than the previous framework. Pyth said the first purchases under the new authorisation were executed on September 30, while its reported September annual recurring revenue reached $11.5 million. The figures describe the scale of the model, not a guaranteed level of future buying.
The data marketplace is the business source behind that model
Pyth’s Data Marketplace launch in April added Euronext FX, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX FX and Tradeweb as publishers. The service allows institutions to distribute data such as foreign-exchange benchmarks, ETF valuations and over-the-counter pricing while keeping control over attribution and commercial terms.
That announcement predates the October price move, so it cannot establish why PYTH rose today. Its relevance lies in the new buyback policy: the Marketplace is one of the products whose eligible revenue can feed the DAO reserve. Continued use of those products, rather than the publishers’ names alone, will determine whether the policy creates a meaningful source of recurring purchases.
The closing price may define the next stage
PYTH has already moved above September’s high, giving the recovery a stronger structure than its earlier rallies. A confirmed break through the current barrier would place the $0.112-$0.122 range on the chart’s horizon, while a retracement that holds the first support band would leave the wider uptrend intact.
This article is for informational purposes only and does not constitute investment or trading advice. Technical levels are approximate and do not guarantee future price movements.
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.
Starknet (STRK), LayerZero (ZRO), and NEAR Protocol (NEAR) are the top 3 altcoins of the week by CoinGecko’s seven-day gains. However, the biggest gainer now shows the weakest chart.
STRK rose 81.7% over seven days, ZRO added 21.7%, and NEAR gained 12.3%. Bitway (BTW) ranked second but trades on thin volume, and was recently covered by BeInCrypto’s weekly series.
Top 6 altcoins by seven-day gains. Source: CoinGeckoSTRK Price Faces Further Decline After 80% Weekly RallyLast week, STRK printed a weekly candle of nearly 110%. The rally stalled near $0.12.
Technical Indicators: Weekly RSI dropped from an overbought 77 to 65, showing that buying momentum is weakening. An October 15 token unlock of 127 million STRK could add selling pressure. Price Projection: If STRK falls below $0.083, the next downside target is $0.06. However, a recovery above $0.12 could push the price toward $0.151 and potentially $0.181. STRK weekly chart. Source: TradingViewZRO Price Targets $3 as Buying Momentum GrowsZRO trades at $2.40, up 17.8% in 24 hours. It has moved above the important $2.19 resistance level, which has repeatedly blocked rallies for more than a year.
Technical Indicators: Weekly RSI has reached 72, suggesting strong buying momentum but also a risk of overheating. Trading volume is at its highest since February, supporting the rally. Price Projection: A weekly close above $2.19 could push ZRO toward $2.54–$2.60. Breaking that resistance could open the way to $3.04. However, renewed selling could send the price back toward $1.84, followed by $1.41. ZRO weekly chart. Source: TradingViewNEAR Price Could Rally Another 18% if Support HoldsNEAR trades at $5.63, up 4.8% in 24 hours. Despite a roughly 5% decline this week, the token remains above its important $5.42 support level.
Technical Indicators: Weekly RSI has remained near 75 for four weeks, showing sustained buying strength but also an increased correction risk. Strong trading volume during September’s breakout supports the bullish trend. Price Projection: If NEAR holds above $5.42, it could climb toward $6.66, an approximately 18% gain. However, losing this support could trigger a decline toward $4.54. A deeper correction could take prices toward $3.10–$3.35. NEAR weekly chart. Source: TradingViewOverall, ZRO and NEAR show stronger bullish momentum, while STRK faces a higher risk of further correction after its sharp rally.
However, all three tokens are approaching critical price levels that could determine their next move.
For traders, the key will be whether buying volume remains strong enough to push prices above resistance or whether profit-taking triggers a deeper pullback.
In brief
The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and an Aug. 26 peak of 82, the highest reading of the year.
Bitcoin dropped about 6%, from $86,978 to $81,749.83, as oil topped $101, the 30-year Treasury yield reached 5.70% and spot.
Myriad traders now give 45% odds of Biticoin hitting $87,500 and 56% odds of BTC dropping to $80,000 in October, both lower than on Oct. 7.
After a red hot summer lifted Bitcoin and the rest of crypto out of a brutal bear market, sentiment has now clearly shifted, bucking typically reliable seasonal trends.
Bitcoin is now trading just above $82,000, down close to 5% for the week, and the cryptocurrency market’s Fear and Greed Index fell to 56 on Monday, a “neutral” reading, after reaching “extreme greed” in late August.
Myriad: How low will Bitcoin go? Click to make your prediction.The Fear and Greed Index is a 0-to-100 gauge that measures investor appetite, where 0 is extreme fear and 100 extreme greed. The index peaked at 82 on Aug. 26, its high for the year, and read 68 a month ago.
Bitcoin peaked at $86,978 early last week and slid as low as $81,749.83 on Oct. 8, a drop of about 6%, before recovering to roughly $83,800 on Monday. That leaves the largest cryptocurrency about 34% below its all-time high of above $126,000, set on Oct. 6, 2025 back when extreme greed was the norm.
That slide marked a rough stretch that extended until August of this year. The August rally led to a 24.9% increase in the price of Bitcoin, enough for industry participants such as Fundstrat co-founder and Bitmine Chairman Tom Lee and Crypto Quant’s Kim Yong Yu to announce the end of the bear market.
But the increased appetite for crypto bets has now cooled, at least for now, as the Fear and Greed Index indicates.
Spot Bitcoin ETFs lost $484.9 million last week on Wednesday, their worst day since June, and another $244.1 million the following day. A $21.1 million inflow on Friday left the funds down a net $386.3 million for October while Ethereum funds extended their outflow streak to nine days, with $635 million out this month.
In terms of catalysts, macroeconomic headwinds have weighed on Bitcoin and the rest of crypto.
Brent crude topped $101 a barrel last week as ship attacks around the Strait of Hormuz piled up, and the 30-year Treasury yield hit 5.70%, its highest since 2002. Stocks, gold and Bitcoin sold off together that day, which points to a macro trade rather than a crypto problem. Brent is trading near $110 today, even after President Donald Trump said the U.S. would not engage in war at least until November.
Oil is an input cost for shipping, manufacturing, farming and travel, so a sustained jump in crude tends to filter into consumer prices. Higher inflation makes it harder for the Federal Reserve to cut interest rates and more likely to raise them, which is the path the central bank's latest minutes describe.
Bond investors respond by demanding higher yields, since inflation erodes the fixed payments Treasuries make. Because the Treasury yield is the benchmark "risk-free" return, a 30-year paying 5.70% pulls money away from riskier bets and raises borrowing costs across the economy. Bitcoin pays no yield and trades alongside stocks as a risk asset, so rising yields and rate-hike expectations tend to push it lower, as they did on Oct. 7.
The background likely explains why the Fear and Greed Index has dropped so much. Traders are more cautious, especially with high risk assets such as Bitcoin.
Traders on Myriad, a prediction market developed by Decrypt's parent company Dastan, give Bitcoin a 45% chance of touching $87,500 in October. That is down from 55% on Oct. 7. The odds of Bitcoin reaching $90,000 have slipped to 28% from 36%.
Myriad traders are also now pricing in 56% odds that Bitcoin drops to as low as $80,000, followed by 33% odds for a drop to $77,500 and 20% odds on $75,000.
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In brief
The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and an Aug. 26 peak of 82, the highest reading of the year.
Bitcoin dropped about 6%, from $86,978 to $81,749.83, as oil topped $101, the 30-year Treasury yield reached 5.70% and spot.
Myriad traders now give 45% odds of Biticoin hitting $87,500 and 56% odds of BTC dropping to $80,000 in October, both lower than on Oct. 7.
After a red hot summer lifted Bitcoin and the rest of crypto out of a brutal bear market, sentiment has now clearly shifted, bucking typically reliable seasonal trends.
Bitcoin is now trading just above $82,000, down close to 5% for the week, and the cryptocurrency market’s Fear and Greed Index fell to 56 on Monday, a “neutral” reading, after reaching “extreme greed” in late August.
Myriad: How low will Bitcoin go? Click to make your prediction.The Fear and Greed Index is a 0-to-100 gauge that measures investor appetite, where 0 is extreme fear and 100 extreme greed. The index peaked at 82 on Aug. 26, its high for the year, and read 68 a month ago.
Bitcoin peaked at $86,978 early last week and slid as low as $81,749.83 on Oct. 8, a drop of about 6%, before recovering to roughly $83,800 on Monday. That leaves the largest cryptocurrency about 34% below its all-time high of above $126,000, set on Oct. 6, 2025 back when extreme greed was the norm.
That slide marked a rough stretch that extended until August of this year. The August rally led to a 24.9% increase in the price of Bitcoin, enough for industry participants such as Fundstrat co-founder and Bitmine Chairman Tom Lee and Crypto Quant’s Kim Yong Yu to announce the end of the bear market.
But the increased appetite for crypto bets has now cooled, at least for now, as the Fear and Greed Index indicates.
Spot Bitcoin ETFs lost $484.9 million last week on Wednesday, their worst day since June, and another $244.1 million the following day. A $21.1 million inflow on Friday left the funds down a net $386.3 million for October while Ethereum funds extended their outflow streak to nine days, with $635 million out this month.
In terms of catalysts, macroeconomic headwinds have weighed on Bitcoin and the rest of crypto.
Brent crude topped $101 a barrel last week as ship attacks around the Strait of Hormuz piled up, and the 30-year Treasury yield hit 5.70%, its highest since 2002. Stocks, gold and Bitcoin sold off together that day, which points to a macro trade rather than a crypto problem. Brent is trading near $110 today, even after President Donald Trump said the U.S. would not engage in war at least until November.
Oil is an input cost for shipping, manufacturing, farming and travel, so a sustained jump in crude tends to filter into consumer prices. Higher inflation makes it harder for the Federal Reserve to cut interest rates and more likely to raise them, which is the path the central bank's latest minutes describe.
Bond investors respond by demanding higher yields, since inflation erodes the fixed payments Treasuries make. Because the Treasury yield is the benchmark "risk-free" return, a 30-year paying 5.70% pulls money away from riskier bets and raises borrowing costs across the economy. Bitcoin pays no yield and trades alongside stocks as a risk asset, so rising yields and rate-hike expectations tend to push it lower, as they did on Oct. 7.
The background likely explains why the Fear and Greed Index has dropped so much. Traders are more cautious, especially with high risk assets such as Bitcoin.
Traders on Myriad, a prediction market developed by Decrypt's parent company Dastan, give Bitcoin a 45% chance of touching $87,500 in October. That is down from 55% on Oct. 7. The odds of Bitcoin reaching $90,000 have slipped to 28% from 36%.
Myriad traders are also now pricing in 56% odds that Bitcoin drops to as low as $80,000, followed by 33% odds for a drop to $77,500 and 20% odds on $75,000.
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