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WSJ: FTX's former Bitcoin mining asset is now integrated into the AI ​​boom

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SWI Group raised roughly $930 million. (Jorge Franganillo/Pixabay)Summary

SWI Group raised 800 million euros ($894 million) from institutional investors, valuing the company at 6.1 billion euros, to expand artificial intelligence and data center projects in Europe and the U.S.The company plans to repurpose the U.S. and Swedish facilities of Genesis Digital Assets, the former FTX-backed bitcoin miner it now controls as SWI Digital, for AI workloads while selling the unit’s sites in Kazakhstan.SWI’s strategy reflects a broader industry shift as bitcoin miners turn power connections and data center capacity into AI and high-performance computing revenue.SWI Group (SWICH), which controls the former FTX-owned bitcoin BTC$84,155.39 miner Genesis Digital Assets, said it raised 800 million euros ($894 million) from institutional investors to expand its data center and artificial intelligence (AI) computing data-center projects in Europe and the U.S.

The Euronext Amsterdam-listed company, an investment firm concentrating on digital infrastructure, said the capital increase values it at 6.1 billion euros. It announced the purchase of about 40% of Genesis Digital in June for $500 million, completing the acquisition in August with 70% of the voting rights and renaming the unit SWI Digital.

The company's strategy illustrates what has become a familiar trade for bitcoin-mining enterprises. Their most valuable asset is no longer their mining machines, but the power connections and the data-center sites that can be repurposed for AI customers. Bitcoin miners have signed more than $70 billion in AI and high-performance computing contracts, as they seek steadier revenue than bitcoin mining currently provides.

The pivot from cryptocurrency mining to processing AI computations puts it in the same race as listed miners such as TeraWulf WULF$13.76 and Core Scientific CORZ$15.35, which are converting power access and data-center capacity into AI hosting businesses.

SWI CEO Max-Hervé George told the Wall Street Journal he had “zero interest” in bitcoin mining. The company is selling Genesis Digital Assets’ sites in Kazakhstan and aims to use its U.S. and Swedish facilities for AI workloads instead.

Alameda Research, the crypto trading firm owned by former FTX CEO Sam Bankman-Fried, invested more than $1 billion in Genesis Digital Assets from 2021 and owned about 20% of the miner, the WSJ said. FTX filed for bankruptcy in November 2022, leaving that investment among the many assets scrutinized by the estate.

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Uniswap's UNI burn on Robinhood Chain has almost dried up. Over the past few days, the chain has burned only approximately 4,000 UNI per day. That is the lowest level since the burn mechanism launched on Robinhood Chain. The slowdown is not confined to one chain. Across all chains, daily UNI burns have recently sat between 12,000 and 14,000 tokens. That is an all-time low for the UNI burn.

Robinhood's activity goes downRobinhood Chain's own data shows how quickly things changed. Burns started in late July at roughly 20,000 to 60,000 UNI per day. They cooled to around 20,000 in mid-August, then climbed again from late August. In early September, daily burns exceeded 150,000 UNI, the highest single-day total on the chain. 

That peak did not last. Burns fell through September and stayed mostly below 20,000 UNI per day by the end of the month. In the past few days, they dropped to only a few thousand. The chart shows a steady slide, not a sudden crash.

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Source: DefiOasisThe wider picture is similar. Earlier this year, Ethereum made up most of the burn. Base added a large share in the spring, and Arbitrum and Robinhood Chain added more through the summer. At the busiest points, total daily burns came close to 190,000 UNI. Today's 12,000 to 14,000 is a small fraction of that.

Trading activity reflects the trendThe burn appears to follow trading activity on Uniswap. When fewer people trade tokens, less is burned. The drop on Robinhood Chain indicates that activity there has cooled considerably since its September peak. The data does not show why, so any cause is speculation for now.

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This matters for UNI holders because burning reduces the token supply. A weaker burn means less supply is removed every day. It does not say anything about price by itself, and the market has many other factors. For now, the key number to watch is the multi-chain daily total. If it remains near 12,000 to 14,000 UNI, the burn will continue running at its lowest pace on record. A pickup in Robinhood Chain trading could be the clearest signal of a turnaround.

Kripto para piyasası bu hafta ABD enflasyon verileri, Federal Reserve (Fed) üyelerinin konuşmaları ve Filecoin’in token ekonomisinde yaşanacak kritik bir dönüm noktasına kilitlendi. 14 Ekim Çarşamba günü açıklanacak ABD Tüketici Fiyat Endeksi (TÜFE), küresel faiz beklentilerini şekillendirerek haftanın ana kırılma noktası olmaya aday.

Perşembe günü ise Filecoin tarafında uzun süredir devam eden hak ediş süreçlerinin sona ermesi altcoin dinamiklerini sınayacak. Piyasa katılımcıları ayrıca Londra’daki ICBC 2026 konferansı ile Cuma günkü Euro Bölgesi enflasyon verisini yakından izleyecek.

Pazartesi: Londra’da Küresel Blokzincir Zirvesi Haftanın ilk gününde gözler İngiltere’ye çevriliyor. Londra’da düzenlenen International Conference on Blockchain and Cryptocurrencies (ICBC 2026), 12-13 Ekim tarihlerinde sektörün önde gelen isimlerini bir araya getiriyor.

Konferans kapsamında özellikle kurumsal tokenizasyon süreçleri ve blokzincir altyapı projeleri masaya yatırılacak.

Salı: Fed Üyelerinin Konuşmaları Piyasaya Nasıl Yansır? Fed yetkililerinin yapacağı değerlendirmeler, ABD Merkez Bankasının faiz politikasına ilişkin ipuçları sunması bakımından kritik önem taşıyor. Gün içindeki konuşma takvimi şu şekilde:

10.45: Fed üyesi Waller

20.00: Fed üyesi Barkin

23.00: Fed üyesi Collins

Yetkililerin enflasyon patikasına dair vereceği mesajlar risk iştahını doğrudan etkileyebilir. Özellikle faizlerin beklenenden daha uzun süre yüksek seviyede tutulabileceğine dair şahin tondaki sinyaller, dijital varlıklar üzerinde baskı yaratabilir.

Çarşamba: ABD TÜFE Verisi ve Enflasyon Beklentileri ABD’de Eylül ayına ilişkin yıllık Tüketici Fiyat Endeksi (TÜFE) TSi 15.30’da ilan edilecek. Piyasa konsensüsü, yıllık enflasyonun %3,4’ten %3,6 seviyesine yükseleceği yönünde.

Beklentinin üzerinde gerçekleşecek bir veri, Fed’in sıkı para politikası duruşunu koruyacağı algısını pekiştirebilir. Bu durum Bitcoin başta olmak üzere riskli varlıklardan sermaye çıkışını tetikleme ihtimali barındırıyor. Enflasyonda yaşanacak olası bir geri çekilme ise faiz indirimi senaryolarını yeniden gündeme getirecektir.

Günün Diğer Konuşma Takvimi:

12.40: Fed üyesi Michelle Bowman

20.30: Fed üyesi Thomas Barkin

Perşembe: Filecoin (FIL) Vesting Bitişi ve ÜFE Verisi 15 Ekim tarihi Filecoin (FIL) ekosistemi için yapısal bir eşik anlamına geliyor. Protocol Labs ve Filecoin Foundation ile bağlantılı uzun vadeli hak ediş (vesting) sürecinin tamamlanması, ağın token arz dengesini değiştirecek. Sektör kaynakları, bu hamlenin yıllık brüt token ihracını yaklaşık %75 oranında azaltabileceğini öngörüyor. Ancak bu gelişme projeye ait tüm kilit açılımlarının bittiği şeklinde yorumlanmamalıdır.

Makro tarafta ise TSi 15.30’da ABD Üretici Fiyat Endeksi (ÜFE) açıklanacak (Önceki: %5,4). Üretici maliyetlerindeki artışın beklentileri aşması, tüketici enflasyonu üzerindeki baskının sürdüğüne işaret ederek piyasa oynaklığını tırmandırabilir.

Cuma: Euro Bölgesi Enflasyonu ve Küresel Likidite Haftanın son işlem gününde TSi 12.00’de Euro Bölgesi Eylül ayı yıllık TÜFE verisi takip edilecek. Eurostat’ın öncü tahminleri doğrultusunda beklenti %3,8 seviyesinde şekilleniyor (Önceki: %3,2).

Avrupa Merkez Bankasının (ECB) atacağı adımlara yön verecek bu veri, küresel risk iştahı ve Dolar endeksi (DXY) kanalıyla kripto varlık fiyatlamalarında dolaylı bir etki alanı oluşturacaktır.

Editörün Özeti: Bu Hafta Neden Önemli? Özetlemek gerekirse; ABD TÜFE ve ÜFE verileri mikro ölçekte makroekonomik yönü belirlerken, Filecoin’deki arz daralması projeye özgü fiyatlamaları tetikleyebilir. Hafta boyunca Fed üyelerinden gelecek sözlü yönlendirmeler ise oynaklığı yüksek tutmaya devam edecektir.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Bitcoin is trading between key support and resistance levels as bearish divergence limits its short-term momentum. Ethereum, Solana, XRP, and Chainlink are also consolidating around important price levels. Meanwhile, traders are watching Wednesday’s U.S. CPI inflation report and Thursday’s PPI data for clues about the Federal Reserve’s next move. Oil prices and the U.S. dollar could also influence market sentiment. These macroeconomic developments may affect Bitcoin’s recovery and the direction of the broader crypto market.

Bitcoin has been trading between support at $80,000–$82,000 and resistance at $86,000–$88,000. The price has struggled to break above resistance in recent weeks.

Bearish divergence on the daily and three-day charts suggests that buying momentum remains limited. Bitcoin could continue moving sideways or experience a minor pullback if it fails to break above resistance.

Meanwhile, the liquidation heatmap identifies a liquidity zone around $84,500–$84,600, which could act as a short-term price target. However, a move toward this level is not guaranteed.

The weekly Supertrend indicator remains green, and a longer-term bullish divergence is still present. These signals suggest that the broader trend remains positive, despite weaker short-term momentum.

Ethereum Price AnalysisEthereum price is holding support near $2,400, but bearish divergence continues to limit its short-term momentum.

A break below $2,300 could weaken ETH’s current bullish structure. Until then, the price could continue consolidating around its current levels.

Ethereum may also follow Bitcoin’s direction as both cryptocurrencies trade within established ranges.

Solana Price AnalysisSolana is holding the $107–$110 support zone. Although its broader price structure remains bullish, bearish divergence suggests that further gains could be limited in the near term.

SOL could continue consolidating above support rather than immediately moving toward recent highs. A sustained move will depend on market conditions and buying momentum.

XRP Price AnalysisXRP price continues to trade between approximately $1.30 and $1.60. Bearish divergence on the daily chart indicates that buying momentum remains weak.

The price could remain within this range or experience a modest pullback if buyers fail to push it higher. Bitcoin’s next move could also influence XRP’s short-term direction.

Chainlink Price AnalysisChainlink has recovered from the $11.80–$12.30 support zone but faces resistance between $14.10 and $14.40.

Bearish divergence on the three-day chart suggests that LINK could continue consolidating below this resistance. While its broader bullish structure remains intact, a sustained move above $14.40 would strengthen the case for further gains.

What Could Influence Crypto Prices This Week?The reopening of the U.S. stock market could influence cryptocurrency trading this week as investors respond to broader market conditions. For now, the technical analysis points to consolidation across Bitcoin and major altcoins. Bitcoin’s ability to break above resistance or hold its support zone could help determine the next short-term direction for the wider crypto market.

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Broadcom CEO Warns: Capital Is Replacing Chips and Power as the Biggest Bottleneck for AI Development

Beating AI News Flash: Broadcom CEO Hock Tan told attendees at Singapore’s DBS Asia Future Forward conference that capital is replacing chips, storage, and power supply as the biggest constraint on AI industry growth. He warned that many AI investors do not understand the technology they are betting on yet expect high returns, with their investment behavior resembling casino gambling. Tan cited OpenAI as an example, noting the firm’s annualized revenue hit $50 billion in September, but its steep model training costs still left it operating at a loss, adding that revenue growth does not equal a validated business model. He also projected that wafer shortages could improve between 2028 and 2029, while power supply is expected to gradually ease as new infrastructure comes online. Intel CEO Chen Liwu also noted that rising financing costs and uncertainty around investment returns are emerging as core challenges for the AI sector. While both executives agreed demand for computing power will stay robust over the next two to three years, Tan warned that if the rollout of advanced AI models falls short of expectations or if model capability improvements hit bottlenecks, demand for computing infrastructure could slow sharply.

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Analysis: Bitcoin’s current cycle bottom has formed, with short-term holder supply showing overheating signals again.

Well-known crypto analyst Killa published a post stating that in the current cycle, the BTC supply held by short-term holders (STHs) has risen again to overheated levels after breaking away from the macro bottom, a pattern mirroring the previous cycle, which could serve as another signal that the market bottom has already formed. Killa noted that after the STH supply hit a similar level in 2023, BTC continued its sideways rally and remained above its long-term trend, and the market is now exhibiting a comparable trajectory. He reminded investors not to be misled by the Fear & Greed Index, adding that periods of market irrationality can last far longer than anticipated.

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Morgan Stanley: The bond market has pre-emptively tightened financial conditions for the Federal Reserve, while moderate CPI may drive the US stock rally to broaden.

Mike Wilson, chief US equity strategist at Morgan Stanley, stated that the yield on the 10-year US Treasury has risen by around 120 basis points since February. Coupled with a stronger US dollar and high oil prices, financial conditions have tightened significantly, with the bond market pre-emptively fulfilling some of the tightening tasks that the Federal Reserve would have otherwise achieved through interest rate hikes. If this process is sufficient to curb economic demand, the Fed may not need to raise rates further in the future. Wilson noted that the US September CPI will be released this Wednesday. If inflation continues its moderate decline, it could ease upward pressure on long-term interest rates and reduce market expectations of additional rate hikes. He advised focusing on bond market volatility and the performance of financial stocks to determine whether financial conditions are stabilizing. Wilson believes the recent resilience of US stocks is mainly driven by large AI-related stocks. The S&P 500 market-cap weighted index has performed significantly better than its equal-weighted counterpart, reflecting that the pressure of high interest rates on most stocks has not yet faded. If bond market volatility declines and bank earnings reports are solid, the market rally could potentially spread from AI leaders to more sectors. He also pointed out that the current rise in US Treasury yields partly reflects capital demand from AI infrastructure investment, rather than purely recession risk.

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Microsoft will increase its use of self-developed AI chips, with the Maia 300 expected to enter production in 2027.

Microsoft plans to gradually increase the adoption of its in-house developed AI chips in data centers to cut reliance on NVIDIA GPUs. The tech giant said it will primarily use its self-designed Maia chip architecture to handle AI model requests going forward, with plans to deploy multi-gigawatt-scale computing power across the Maia series. On Monday, Microsoft unveiled its third-generation AI accelerator chip, the Maia 300, which is slated for production in 2027. Each data center rack can hold 96 Maia 300 chips—double the capacity of the prior-generation Maia 200. Compared to GPUs, it delivers up to seven times the AI token processing capacity per rack, with a roughly 40% increase in tokens processed per megawatt. Microsoft noted the Maia 300 is expected to boost AI service performance and lower data center operational costs. Evercore ISI analysts project that by Q1 2027, Maia chips will make up around 10% of Microsoft’s AI chip spending. Still, NVIDIA will remain a key supplier for Microsoft’s AI infrastructure, the company clarified, adding that model training will continue to use NVIDIA and AMD chips. Unlike offerings such as Google’s TPU and Amazon’s Trainium, Microsoft’s in-house accelerator chips are not yet available for rental to third-party enterprises.

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Strategy reports $6.536 billion in unrealized gains from its holdings, with Bitmine’s unrealized loss narrowing to $4.781 billion.

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Bank of America raises price targets for Robinhood and Coinbase to $156 and $203 respectively; cuts eToro’s price target to $39.

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Solana is transitioning to an era of producing five blocks per second, reducing the target block time on the network to 200 milliseconds; however, this speed increase will also raise the workload for validators.

The Solana network has reached the final stage of a seven-week update process aimed at improving network performance. The update, codenamed SIMD-0525, aims to reduce the target block time from 250 milliseconds to 200 milliseconds.

In Solana, the target block time was 400 milliseconds until August. The network switched to 350 milliseconds on August 21st, 300 milliseconds on August 28th, and 250 milliseconds on September 18th. With the final phase, the initial target time will be halved.

The new structure theoretically creates the opportunity to produce five blocks per second. Thanks to shorter timeframes, wallets, decentralized exchanges, and other applications will be able to access up-to-date information on the chain more quickly. The time it takes for transactions submitted by users to be included in a block may also be reduced.

However, the change doesn’t automatically double Solana’s total theoretical processing capacity. The computational limit per block will be reduced from 37.5 million units to 30 million units. Blocks will be generated more frequently, but each block will carry less computational work.

Faster blocks may make some latency-driven transactions, which exploit price fluctuations across different exchanges, more difficult. Conversely, this could increase operating costs and strain network connectivity as validators will need to submit votes more frequently.

The validity period of the current block references used in transactions will also be shortened. This could create timing issues, especially for transactions requiring hardware wallets, manual confirmation, or offline signatures.

The previous target of 250 milliseconds resulted in an actual average of around 266-269 milliseconds, indicating a possible discrepancy between the target and actual performance. Therefore, how the 200 millisecond setting performs under real network conditions, how many block opportunities validators miss, and whether transaction failures increase will be closely monitored.

*This is not investment advice.

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Bitwise CIO Matt Hougan says Bitcoin could reach hundreds of thousands of dollars if traditional portfolios shift more of their allocations toward it and gold.

The case rests on currency debasement, which he links to stablecoins and tokenization over the next decade.

What a Debasement Trade Means for BitcoinA debasement trade buys assets expected to hold value as governments expand debt and fiat currencies lose purchasing power. Investors use it to protect savings from inflation and weaker currencies.

Speaking at the New Era Finance Podcast, Hougan sees Bitcoin and gold as the core of that strategy. Traditional stock and bond portfolios remain exposed to fiat currency risk. Moving part of them into both assets could reduce that exposure.

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Bitcoin (BTC) Price Performance. Source: BeInCryptoDebasement concerns usually build slowly, which makes them easy to overlook. According to that view, investors who wait for a sudden crash may already be late.

Bitwise’s CIO also treats Bitcoin as the strongest risk-adjusted asset in crypto. Rising government debt and spending, the argument goes, strengthen its role as a store of value. If that thinking goes mainstream, the executive believes the price could reach hundreds of thousands of dollars.

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Maybe I should be 90/10, right? 90% fiat, 10% hard assets, which is primarily Bitcoin and gold. If that sort of thinking goes mainstream, you could see huge inflows into Bitcoin, and you could see a price measured in multiple hundreds of thousands of dollars.”

That logic explains why some savers look beyond cash and bonds. For them, the question is less about timing and more about where their money will hold value over time.

Which Crypto Deserve a Place in a Long-Term Portfolio?Hougan points to Bitcoin, Ethereum, Solana, and Chainlink as key assets for exposure to debasement and tokenization. Hyperliquid could join that group, while Zcash and Venice also earn special mention.

Expert Council

Zcash is arguing that privacy should be on the Mount Rushmore. Venice is arguing that sort of real-world AI should be on the Mount Rushmore. They’re DeFi assets that I’m very bullish on. But I still think those, like if you’re making a broad-based play on debasement, that’s Bitcoin, and on tokenization, it’s hard to argue with those four assets not being part of your exposure.”

Traders also watch how these projects handle revenue and token supply. The executive suggests those mechanics may separate long-term winners from the rest.

Stablecoins and tokenization should be judged over several years, not through short-term price swings. Bitwise’s CIO sees these two trends defining the next phase of the crypto market.

Investors should treat ranking lists as a starting point, not a final verdict on where to put money.

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A Hong Kong fund that tries to earn yield without betting on crypto prices now lives on Solana.

2WA has tokenized its USDGO Plus SP fund on the Solana blockchain. OSL Group (HKEX: 863) is handling custody and announced the move on October 8, 2026. 2WA describes the product as the first market-neutral fund built on a US dollar-backed stablecoin.

What 2WA and OSL actually launched The fund’s formal name is PrimePlus SPC’s USDGO Plus SP. 2WA developed it and launched it in August 2026. It runs on USDGO, a stablecoin backed by the US dollar.

Access is not open to everyone. Only eligible professional investors in Hong Kong can buy in.

Investors reach the fund through the OSL HK app. The app shows real-time net asset value (NAV) updates, so holders can see what their units are worth at any moment.

Subscriptions and redemptions happen daily. A T+0 express redemption feature is planned for late October 2026.

OSL holds the fund’s assets, including the underlying USDGO. Its Hong Kong custody operation carries over $1 billion in digital asset insurance coverage.

How a market-neutral crypto fund makes money The strategy centers on funding-rate arbitrage across crypto derivatives markets. The fund deliberately steers clear of directional positions.

In perpetual futures markets, traders on one side usually pay traders on the other side a periodic fee. That fee is called the funding rate. It exists to keep the contract’s price anchored near the price of the underlying asset.

The early numbers look healthy. As of October 7, 2026, the fund reported a 16.67% return since inception. Its annualized return over the prior 30 days was 17.05% before fees.

For context, the fund launched in August 2026. So the 16.67% figure covers only a short window. Thirty-day annualized figures can also swing quite a bit, since they extrapolate one month into a full year.

Why tokenizing a traditional fund matters The key structural point is that the tokenized units sit inside a traditional fund vehicle. The blockchain layer does not replace the regulated wrapper. It runs on top of it.

OSL frames the launch as a step toward merging traditional finance with digital asset technology. The firm is positioning itself as the regulated plumbing for these products: custody, compliance and distribution through its app.

What this means for investors and the tokenization race The most immediate audience is Hong Kong’s professional investor pool. For them, the pitch is straightforward. They get crypto-native yield without needing a view on where Bitcoin or any other token is headed next.

Funding-rate strategies depend on traders continuing to pay those fees. When markets cool or positioning flips, funding can shrink or even turn negative. A 17.05% annualized figure from a single 30-day stretch is a snapshot, not a guarantee.

Investors should also note the before-fees qualifier on that figure. Net returns will land lower once costs come out.

The custody setup is a meaningful selling point. Over $1 billion in insurance coverage and a listed custodian give cautious investors something familiar to hold onto.

The T+0 redemption plan is worth watching closely. Same-day liquidity is one of the clearest advantages tokenized funds can offer over legacy structures. If OSL delivers it in late October 2026 as planned, it becomes a concrete feature competitors will need to match.

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

1 hours ago

Crypto analyst Danh Tran has published a report stating that the total market capitalization of tokenized stocks has climbed to $3.9 billion, reaching an all-time high. BNB Chain leads the space with a market cap of around $1.2 billion, accounting for 32.4% of the overall market, while Ethereum and Solana rank second and third with $842 million and $742 million respectively. Tran noted that this development not only reflects competition between different blockchains, but also signals the accelerating migration of traditional financial assets onto the blockchain.

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Kripto para piyasasında uzun vadeli yatırım fırsatları yeniden gündeme gelirken Bitwise Baş Yatırım Direktörü (CIO) Matt Hougan, gelecekte öne çıkabilecek kripto varlıklara ilişkin dikkat çekici değerlendirmelerde bulundu. Ethereum (ETH), Solana (SOL), Chainlink (LINK) ve Hyperliquid (HYPE) projelerine dikkat çeken Hougan, stablecoinlerin ve varlık tokenizasyonunun önümüzdeki on yılda kripto sektörünün büyümesini destekleyebileceğini belirtti. Ünlü yönetici ayrıca Bitcoin’in uzun vadede yüz binlerce dolara ulaşabileceğini öngördü.

Matt Hougan’dan 4 Altcoin Açıklaması Bitwise Baş Yatırım Direktörü Matt Hougan, kripto para piyasasının uzun vadeli büyüme potansiyelini değerlendirirken özellikle Ethereum, Solana, Chainlink ve Hyperliquid projelerine dikkat çekti.

Hougan, Bitcoin, Ethereum, Solana ve Chainlink’i para birimlerinin değer kaybı ve tokenizasyon gibi uzun vadeli eğilimlerden yararlanabilecek önemli kripto varlıklar arasında gösterdi. Hyperliquid’in de bu gruba potansiyel olarak dahil olabileceğini ifade etti.

Özellikle Ethereum ve Solana’nın blockchain tabanlı finansal uygulamalardaki rolü, Chainlink’in veri altyapısı ve Hyperliquid’in merkeziyetsiz finans alanındaki faaliyetleri, söz konusu projeleri uzun vadeli büyüme beklentileri açısından öne çıkarıyor. Bununla birlikte Hougan, Zcash’in gizlilik odaklı yaklaşımına ve Venice’in yapay zeka uygulamalarına da değinerek farklı sektörlerde faaliyet gösteren kripto projelerinin rekabetine dikkat çekti.

İlginizi Çekebilir: Bu Altcoin 2026 Zirvesini Gördü: Yüzde 55’lik Ralli!

Matt Hougan’ın özellikle üzerinde durduğu projelerden biri Chainlink (LINK) oldu. Ünlü yönetici, Chainlink’in temel faaliyetlerinin güçlü olduğunu ve token ekonomisinde yapılabilecek iyileştirmelerin yatırımcılar açısından önemli fırsatlar oluşturabileceğini belirtti. Hougan’a göre kripto projelerinin yalnızca teknolojik gelişmelere odaklanması yeterli değil. Protokollerin oluşturduğu ekonomik değerin token sahiplerine nasıl yansıtıldığı da uzun vadeli başarı açısından önem taşıyor. Bu kapsamda token geri alımları, gelir paylaşımı, daha düşük token enflasyonu ve şeffaf kilit açılış takvimleri öne çıkan başlıklar arasında bulunuyor. Hougan, kripto topluluklarının gelecekte projeleri token sahipleriyle daha güçlü ekonomik bağlar kurmaya yönlendirebileceğini düşünüyor.

Bitcoin İçin Yüz Binlerce Dolarlık Tahmin Matt Hougan, altcoin projelerinin yanı sıra Bitcoin’in uzun vadeli fiyat potansiyeline ilişkin de dikkat çekici açıklamalarda bulundu. Hougan’a göre geleneksel yatırımcıların portföylerinin bir bölümünü Bitcoin ve altına ayırması, kripto para piyasasına önemli miktarda sermaye girişi sağlayabilir. Özellikle artan kamu borçları, devlet harcamaları ve itibari para birimlerinin satın alma gücüne ilişkin endişeler, Bitcoin’e yönelik alternatif değer saklama aracı talebini artırabilecek faktörler arasında gösteriliyor. Hougan, röportajında şu ifadeleri kullandı:

“Böyle bir düşünce ana akıma ulaşırsa, Bitcoin’e büyük akışlar görebilirsiniz.”

Ünlü yönetici, bu senaryonun gerçekleşmesi durumunda Bitcoin fiyatının uzun vadede yüz binlerce dolara ulaşabileceğini öngördü. Ayrıca Bitcoin’i risk ve getiri dengesi açısından kripto piyasasındaki en güçlü yatırım seçeneklerinden biri olarak değerlendirdi.

Bitwise CIO’su Matt Hougan, önümüzdeki on yılda kripto para sektörünün gelişimini şekillendirebilecek iki önemli eğilime dikkat çekti: stablecoinlerin yaygınlaşması ve gerçek dünya varlıklarının tokenizasyonu.

Hougan, değerlendirmesinde şu ifadeleri kullandı: “İki mega trend değer düşmesi ve stabilcoinlerin yükselişi ile tokenizasyondur.”

Stablecoinlerin küresel ödeme sistemlerinde daha fazla kullanılması ve hisse senedi, tahvil gibi geleneksel finansal varlıkların blockchain üzerinde temsil edilmesi, kripto altyapısına yönelik talebi artırabilir. Bununla birlikte kurumsal yatırımcıların sektöre katılımı, düzenleyici gelişmeler ve merkeziyetsiz finans (DeFi) uygulamalarının büyümesi de önemli faktörler arasında bulunuyor. Hougan, yatırımcıların bu gelişmeleri kısa vadeli fiyat dalgalanmalarından ziyade birkaç yıllık bir perspektifle değerlendirmesi gerektiğini savunuyor.

Değerlendirme Bitwise CIO’su Matt Hougan, Ethereum, Solana, Chainlink ve Hyperliquid projelerini uzun vadeli büyüme potansiyeli açısından dikkat çekici kripto varlıklar arasında değerlendirdi. Özellikle stablecoinlerin benimsenmesi, varlık tokenizasyonu ve kurumsal yatırımların artması, önümüzdeki yıllarda kripto para piyasasının gelişimini destekleyebilir. Hougan’ın Bitcoin için yüz binlerce dolarlık fiyat senaryosu ise geleneksel yatırımcıların kripto varlıklara daha fazla sermaye ayırması beklentisine dayanıyor. Ancak bu öngörülerin gerçekleşmesi piyasa koşullarına ve sektördeki gelişmelere bağlı olacak.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Unchained Premium recently featured Kevin Huynh, the co-founder and CEO of XASH, to discuss the company’s new rewards platform for stablecoin holders on the Solana blockchain. The platform delivers tokenized gold, specifically Paxos Gold (PAXG), as rewards to users who participate in Solana DeFi venues. Huynh outlined how XASH pivoted from its original idea of creating a gold-backed synthetic dollar, opting instead for a rewards model that aligns with both user demand and operational feasibility.

From synthetic dollar to tokenized gold rewardsXASH originally pursued a gold-backed synthetic dollar but later dropped this plan due to the high costs and complexities of maintaining the required hedging operations. Instead, the company introduced a rewards platform where users who hold stablecoins on Solana can earn shares of a PAXG gold pool. These rewards are determined by monthly XP points, which act as a scorecard reflecting user activity across supported DeFi protocols such as Kamino and Orca.

XASH initially aimed to launch a gold-pegged synthetic dollar, but the need for a constant and expensive hedging operation led the team to shelve this approach in favor of a direct gold rewards system.

By connecting a Phantom or Solflare wallet, users can interact with DeFi protocols and earn XP points without depositing funds directly with XASH. This allows decentralized engagement and ensures security for participants. Huynh noted that the platform’s rewards are distributed in PAXG rather than stablecoins, cash back, or utility tokens, aligning with early adopter interest in gold as a store of value.

Origins of the rewards pool and business modelThe gold rewards distributed to users originate from a market development fund that is backed by venture capital investors. Huynh emphasized that the long-term vision is to serve stablecoin issuers as primary customers, helping them incentivize adoption and drive distribution of their tokens within Solana’s decentralized finance ecosystem.

As further context, Huynh referenced incentives for PayPal USD vaults on Kamino, illustrating how issuers allocate significant resources to promote new stablecoins. He stated that XASH’s model leverages these marketing efforts through their gold reward mechanism, making the process mutually beneficial for users and token issuers.

Mini dictionary: Paxos Gold (PAXG), an ERC-20 token backed by physical gold and issued by Paxos Trust Company, allows users to own fractional amounts of gold on the blockchain and redeem tokens for physical metal if desired.

Why Solana was chosen over EthereumHuynh also explained XASH’s decision to launch on Solana, citing reasons such as lower transaction costs and faster settlement compared to Ethereum. He stated that these technical advantages align well with the company’s focus on streamlined user experience and efficient reward distribution. The platform has now moved from a closed beta to a public beta, with Huynh highlighting feedback from the initial wave of users who prefer gold rewards over cash incentives.

Stablecoin issuers seeking broader market presence are the eventual customers XASH aims to serve, while the platform’s structure offers direct value to early adopters through gold-based incentives.

XASH developed its business model to remain effective regardless of upcoming regulatory developments, including legislation such as the Clarity Act. This approach ensures the platform can adapt quickly as the legal landscape around digital assets evolves.

Platform features and subscriber benefitsUnchained Premium, the subscription tier of the Unchained podcast brand hosted by Laura Shin, provides exclusive content including early access to interviews with emerging projects, full transcripts, and a private Telegram group for members. The episode featuring XASH’s innovative solution gives subscribers insight into new trends at the intersection of stablecoins, tokenized commodities, and decentralized finance on Solana.

DeFi Development Corp. went shopping again. The Nasdaq-listed company picked up 22,070 SOL, worth about $2.43 million, adding to a treasury that has become its main reason for existing.

The purchase lifted the value of its holdings to approximately $284.9 million. For a company that rebranded its entire business around one token, that is less a side bet and more a mission statement.

The latest buy, by the numbers The 22,070 SOL acquisition is the newest entry in a steady run of purchases. In the prior week, the company added 26,203 SOL, which brought the value of its holdings to roughly $284.9 million at the time.

The bigger picture is even more striking. As of early October 2026, the firm’s treasury reached approximately 2.564 million SOL and SOL equivalents, valued at about $302 million.

Since restarting active purchases in late August 2026, DeFi Development Corp. has increased its position by more than 226,000 SOL and equivalents. That growth comes from two sources: outright buying and rewards earned from staking.

How the machine works The firm runs its own Solana validators. Validators are the computers that process transactions and secure the network, and they earn rewards for doing that work. By operating its own, the company keeps more of those rewards rather than handing a cut to a third party.

DeFi Development Corp. has set up a variable rate Series C Perpetual Preferred Stock program, called CHAD, with a value of up to $300 million. The company has described it as an at-the-market program designed to fund further SOL accumulation without diluting its common stock.

Chief executive Joseph Onorati has been direct about what the company offers investors. He has said the treasury model provides

“leveraged exposure to Solana”

From pivot to treasury vehicle DeFi Development Corp. did not start life as a Solana treasury. The company pivoted its business focus in April 2025, reorienting itself around accumulating SOL as its primary treasury asset.

Since then, it has positioned itself as a way for public market investors to get exposure to Solana through a stock ticker, DFDV, rather than through a crypto exchange or wallet. That positioning has made it one of the largest companies dedicated to building a SOL treasury.

What this means For investors, the company offers a specific product: SOL exposure wrapped in equity. That appeals to institutions and individuals who cannot or will not hold tokens directly, whether because of mandates, custody concerns, or simple preference for a brokerage account.

There are clear risks to watch. The CHAD program’s ability to raise capital will shape how fast the company can keep buying. A sustained drop in SOL would test both the treasury’s value and investor patience with the “leveraged exposure” pitch.

The other thing to track is the cadence. Weekly purchases of 26,203 SOL and then 22,070 SOL suggest a deliberate rhythm rather than opportunistic one-off buys.

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

THORChain x Zano Podcast #242 ft. Mr_Kwibs, KentonC137 & patriotsounds | October 10, 2026 | Watch the full episode on YouTube

By Raynalytics

TL;DRZano said it is restoring gateway addresses only after an additional independent audit, following an exploit that led the project to roll back to the Hard Fork 6 point and reimburse affected users.Confidential Assets are Zano’s attempt to make amounts, addresses, and asset types private by default. $fUSD is one live example, but it is currently a third-party stablecoin with a centralized mint-and-burn point.Gateway addresses are the technical bridge between Zano’s private UTXO model and the public balance checks a future THORChain integration would need. They are not active for THORChain today.A THORChain-to-Zano swap would be publicly visible on THORChain. Privacy begins only after funds leave THORChain and move within Zano.Zano’s longer roadmap includes the Zano Execution Layer and Zenith, but the guests put the recovery audit and gateway-address return ahead of any integration timeline.IntroductionThe conversation was not a launch announcement. It was a progress report on a privacy chain that is repairing a serious failure while keeping its interoperability plans intact. Zano’s team joined Kenton and Denny to explain the exploit, the recovery approach, why $fUSD matters to the project’s Confidential Assets thesis, and why gateway addresses are the prerequisite for a future THORChain route.

The key distinction throughout the episode was status. Zano’s recovery chain is operating, reimbursements were described as nearly complete, and gateway-address code has been fixed. But the team still wants an outside audit before reactivating that capability. A Zano pool on THORChain, and any later consideration of $fUSD, remain dependent on that work.

1. Recovery Comes Before IntegrationZano’s co-founder described an exploit in its gateway-address implementation, introduced after Hard Fork 6. The team said a missing cryptographic validation let attackers exploit the system first in August and then again in September. The issue was not in the chain’s core private-transaction design, but in the gateway layer that connects a private chain to systems needing visible balances.

The response was a recovery chain beginning again from the Hard Fork 6 point, rather than accepting an inflated supply. The team said it has been reimbursing affected users with support from the development fund, personal funds, and voluntary community contributions. It also said most exchanges and services had completed the recovery process by the time of the recording.

Zano has also opened donations to its development fund. Anyone wishing to contribute can send $ZANO or $fUSD using the options in that official update.

"We are making everyone whole." (Quinten)That recovery does not mean the gateway system is being rushed back. The guests said the code is fixed, but they want a further audit from a trusted external party before setting a new activation date. Their estimate was at least two to three months for the activation process once the audit and release path begin. That was an estimate, not a delivery promise.

The sequencing matters for THORChain. Gateway addresses are the feature Zano designed to make external integrations workable. Until they return, the chain-client work cannot move from an architectural discussion to a live pool.

2. Confidential Assets Put $fUSD Inside Zano’s Privacy ModelZano positions itself as a privacy-by-default layer 1. Its core claim is broader than private balances: normal transfers conceal the amount, receiver, and asset type. That same model extends to Confidential Assets, which let builders issue assets on Zano without exposing those properties on-chain.

$fUSD, or Freedom Dollar, is the example discussed most directly. It is a third-party stablecoin built on Zano, not an asset issued by the Zano team. Quinten said it was overcollateralized with $ZANO, with roughly 6.8 million $fUSD in circulation and close to $8 million of $ZANO reserves at the time of the conversation.

The guests were clear about the trade-off in its current form. The asset is private, but minting and burning are still controlled from one wallet. The planned Zano Execution Layer could eventually support programmable lending, borrowing, and a more decentralized collateral-and-minting model. Those are aspirations for future infrastructure, not features live on the private base layer today.

"The answer is like double no." (Zano co-founder, on a blacklist function)The point was not that every application built on Zano is automatically decentralized. It was that the base chain does not provide a selective freeze or blacklist mechanism for Confidential Asset transfers. That distinction became central after the hosts discussed the temporary freezing of some TRON $USDT vaults on THORChain.

3. Gateway Addresses Are the Bridge to THORChainPrivate chains are difficult to integrate because an external protocol still needs to verify what it controls. THORChain vaults continuously check balances for solvency. Zano’s regular UTXO model deliberately hides those details, so the team designed gateway addresses as a special, more transparent account-based entry point for bridges, exchanges, and decentralized systems.

For a potential Zano chain client, that means a THORChain vault could see and verify the balance in its gateway address while ordinary Zano transfers retain the chain’s privacy properties. The guests also described a way to rotate the gateway owner key without moving all assets to a newly created address, which better matches THORChain’s recurring vault churn.

StarSquid is continuing the chain-client work once gateway addresses are restored. The teams said the remaining adjustment is compatible with THORChain’s model, but it still requires implementation and testing. No mainnet date was given.

"If you swap to Zano on THORChain, you have not achieved privacy." (Denny)That is an important boundary for readers. A THORChain swap remains public like every other THORChain swap. A user seeking Zano’s privacy properties would need to take a separate action after receiving Zano, within the Zano network itself. The prospective integration would add permissionless access to the asset, not turn THORChain into a mixer.

4. The Roadmap Separates Recovery, Speed, and ProgrammabilityThe recovery work comes first, but Zano also outlined two longer-term technical tracks. Zenith is the planned move from the current hybrid proof-of-work and proof-of-stake model to a pure proof-of-stake consensus system built on Zarcanum. The guests said they are targeting roughly 15 to 20 second blocks and five to 10 confirmations, which could reduce the current roughly 10-minute re-spend wait to about one minute or a little more.

"You can be private and fast." (Quinten)The second track is the Zano Execution Layer, or ZEL. It is intended as a separate EVM-compatible environment, linked to Zano through a threshold-signature bridge. The private base layer would remain the home for confidential transfers and assets, while programmable applications such as lending and collateralized stablecoin logic could live in the execution layer.

Neither track changes the immediate priority. Gateway addresses must return after audit before a Zano-to-THORChain integration can proceed, and the guests said the execution-layer work depends on those addresses too. The roadmap is directionally clear, but its stages are not interchangeable with a launch date.

5. Why Zano Sees THORChain as a Long-Term Access RouteThe practical case for a future Zano pool was access. Quinten said Zano had lost some routes as centralized providers changed policies and several exchanges ceased operations. The point was not a recommendation to bypass any platform’s rules. It was that access dependent on a small number of centralized services can disappear when their policies or operations change.

The team sees a permissionless THORChain pool as a more durable route, particularly because Zano is already supported by wallets such as Edge Wallet and Unstoppable Wallet. If the chain client and pool are eventually live, those wallet integrations could potentially offer Zano trading through THORChain rather than relying on a single external liquidity source.

The guests said the team and major holders would be willing to bootstrap liquidity, but that is an intention rather than a funded pool announcement. They also described a possible future $fUSD integration as an option for THORChain to consider only after Zano itself is in place.

"THORChain needs you as well." (Denny)The episode’s broader thesis was that permissionless access and private assets are complementary, but they are not the same thing. THORChain can provide an open route to a native asset. Zano can provide privacy once value is on its network. The recovery work and gateway audit are what stand between that thesis and a live integration.

What to WatchWhether Zano completes its independent gateway-address audit and announces a reactivation path without sacrificing the recovery team’s stated caution.Whether StarSquid and the THORChain team can complete, test, and review the chain-client work after gateway addresses return.Whether prospective liquidity providers formalize a Zano pool plan, including sufficient depth for a useful market rather than only a symbolic listing.Whether Zenith and the Zano Execution Layer move from architecture to tested releases, especially for faster confirmations and more decentralized stablecoin logic.Whether $fUSD becomes a candidate for further interoperability only after the underlying Zano route is operating reliably.More THORChain data, check out raynalytics.net

Follow Raynalytics for more Weekly Analytics and Podcast recaps.

Bitcoin price has recovered above $84,000 on October 12, but weakening institutional demand, elevated Treasury yields and resistance near $85,000 have continued to limit its gains.

Summary

Bitcoin has recovered above $84,000 but continues to face resistance near $85,000 after several failed attempts to break $87,000. US spot Bitcoin ETF withdrawals and elevated Treasury yields have weighed on demand, although fund flows improved slightly on Friday. Bitcoin remains above its major daily moving averages, with Aroon Up at 71.43% indicating that buyers retain an advantage. The four hour MACD has turned positive, while Chaikin Money Flow at 0.20 indicates renewed buying pressure. A break above $85,000 could open the way toward $86,500 and $87,400, while the 20 day EMA near $83,386 provides immediate support. According to TradingView data, Bitcoin (BTC) was trading at approximately $84,234 at the time of writing, up around 0.55% on the daily candle. The cryptocurrency reached an intraday high of $84,290 after recovering from a low of $83,462.

The recovery follows a difficult week for Bitcoin, during which its price briefly fell toward $80,000 after repeatedly failing to sustain gains above $87,000.

Although buyers have returned at lower prices, recent U.S. spot Bitcoin ETF withdrawals and uncertainty over the Federal Reserve’s next interest rate decision have kept traders cautious.

Technical indicators now show improving buying momentum, with Bitcoin trading above its major daily moving averages. However, a move above $85,000 remains necessary before the cryptocurrency can challenge its recent highs.

Bitcoin price remains under pressure Institutional demand has weakened considerably since late September, when U.S. spot Bitcoin ETFs attracted approximately $2.39 billion in weekly inflows.

According to an October 5 Bitfinex Alpha assessment, weekly inflows subsequently fell to $241.1 million for the period ending October 2, a decline of nearly 90%.

As crypto.news previously reported, Bitfinex analysts attributed Bitcoin’s repeated failures near $87,000 partly to insufficient spot buying, despite increased activity in futures markets.

The analysts found that futures open interest rose by $2.1 billion ahead of the September U.S. employment report before declining by $1.5 billion as Bitcoin retreated.

In their assessment, leveraged trading had helped push prices higher without enough direct purchases to sustain the advance.

ETF flows deteriorated further during the following week. According to data compiled by Alpha Finance, U.S. spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, followed by another $244.1 million on October 8.

Friday brought some relief, with the funds attracting $21.1 million in net inflows on October 9. However, the modest recovery was insufficient to offset the preceding withdrawals.

Macroeconomic conditions have created another obstacle for Bitcoin.

U.S. Treasury yields climbed as oil prices rose amid tensions in the Middle East, while the stronger dollar weighed on demand for risk assets.

The benchmark 10-year Treasury yield exceeded 5.3% during the first week of October, making government debt comparatively attractive to investors seeking returns with less volatility.

Federal Reserve policy has remained another source of uncertainty.

In recent comments, Federal Reserve Vice Chair Philip Jefferson indicated that policymakers may need more time before considering another interest rate increase.

Although expectations of an October pause have improved, inflation remains a concern following September’s rate hike.

Bitcoin’s gradual recovery on Monday has coincided with some easing in oil prices and geopolitical concerns, helping risk sentiment recover from last week’s selloff.

Traders are now awaiting the September U.S. Consumer Price Index report on October 14, which could influence expectations for the Fed’s October 27–28 policy meeting.

Market indicators have improved Bitcoin’s daily technical structure remains positive despite its failure to reclaim $85,000.

On the daily TradingView chart, BTC was trading at $84,233.79, above its 20-day exponential moving average at $83,385.98 and its 50-day EMA at $80,216.67. See below.

BTC/USDT 1-day price chart. Source: crypto.news The 100-day and 200-day EMAs were positioned lower at $76,415.76 and $75,553.33, respectively.

With the shorter moving averages remaining above the longer ones, the arrangement suggests that Bitcoin’s recovery trend has not yet broken down.

The 20-day EMA provides the first important support level if Bitcoin loses momentum around $84,000.

A daily close below $83,386 could expose the $82,000 region, while a deeper decline would bring the 50-day EMA near $80,217 into focus.

The Aroon indicator presents a similar picture, although its latest readings suggest some moderation in trend strength.

On the 14-period setting, Aroon Up stood at 71.43%, compared with Aroon Down at 28.57%.

The difference indicates that recent highs remain more influential than recent lows, consistent with buyers retaining control of the daily trend.

However, Aroon Up has retreated from its previous higher readings, suggesting the upward move has slowed since Bitcoin approached the $87,000 region.

The market has encountered resistance around that price several times since late September.

In an October 6 analysis, Bitcoin’s repeated rejection near $87,000 was linked to a concentrated resistance area, while analyst Ali Martinez identified approximately 1.59 million BTC acquired between $83,300 and $84,600.

Martinez used Glassnode’s realized price distribution data to identify the purchase concentration, which could provide support when Bitcoin revisits that range.

His analysis placed the next important breakout threshold around $86,700.

Shorter timeframe indicators have become more favorable as Bitcoin recovers from last week’s decline.

On the 4-hour chart, the Moving Average Convergence Divergence indicator has moved into bullish territory, with the MACD line at 207.64 and the signal line at 75.07.

BTC/USDT 4-hour price chart. Source: TradingView. The positive histogram reading of 132.57 indicates that the MACD line has moved above its signal line, with momentum improving during the latest recovery.

A continuation of positive histogram readings would support another attempt to reclaim $85,000, particularly if Bitcoin can sustain trading above the recent $84,290 intraday high.

The Chaikin Money Flow indicator provides another positive signal.

CMF stood at 0.20 on the 20-period setting, having recovered from negative territory during the recent selloff.

A positive reading indicates that buying pressure has outweighed selling pressure over the indicator’s measurement period.

The latest reading has eased from a recent high near 0.30, but it remains comfortably above the zero line.

Can Bitcoin price break above $85,000? Bitcoin’s immediate challenge is to sustain trading above $84,300 before attempting another move toward $85,000.

A convincing break above that psychological level could bring $86,500 into focus, followed by the 87,000–87,400 resistance area that has repeatedly stopped previous rallies.

Beyond those levels, $90,000 remains a possible upside target if spot demand improves.

Bitfinex analysts previously identified a daily close above $87,722, supported by several ETF sessions attracting at least $340 million each, as conditions that could strengthen the case for a move toward $90,000.

The downside scenario begins with the 20-day EMA around $83,386.

Failure to defend that average could expose $82,000, a level previously identified by ViaBTC chief analyst Jeff Ko and Bitget Wallet research lead Lacie Zhang as important support.

In their October Bitcoin market assessment, the analysts identified institutional buying, inflation data and Treasury yields as major factors influencing the cryptocurrency’s direction.

Zhang placed a potential downside liquidation area between $82,000 and $82,500, with a loss of that region opening the possibility of a decline toward $80,000.

The daily 50-day EMA at $80,217 sits close to that psychological support level, making it another technical reference if selling resumes.

A deeper correction could bring the 100-day EMA near $76,416 into consideration, although such a move would require a more substantial deterioration in the current price structure.

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

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Long-time Shiba Inu community member and Shiba Eternity advisor Mazrael has flagged a fake SHIB alert circulating on social media. He describes the campaign as a wallet drainer and urges users not to interact with the links shared.

An X account, obviously a fraudulent one, mentioned that the 'SHIB airdrop hype' was back and claimed to be eligible after checking his wallet while sharing a link to a fraudulent website.

In his post, Mazrael alerted the Shiba Inu community to the fake SHIB campaign, saying there is no such airdrop and that it is a wallet drainer, urging users not to interact with the links.

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care. no such airdrop. this is a drainer. they are flooding time line recommend not click and report. https://t.co/GeeImCDcYD

— Mazrael.shib (@Mazrael_shib) October 12, 2026 "care. no such airdrop. this is a drainer," Mazrael wrote, adding that several scam posts of this kind were flooding timelines and urging users to avoid clicking the links and report the accounts or posts responsible.

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A fraudulent airdrop page may request a wallet connection or ask users to approve a transaction or token permission. Depending on what the victim signs or authorizes, attackers could gain the ability to transfer assets from the connected wallet.

Crypto drainers explainedAs previously indicated, Mazrael described the tactics being utilized by the scammers to target Shiba Inu holders as a 'drainer'.

A crypto drainer is a type of malicious software or phishing tool specifically designed to steal digital assets directly from cryptocurrency wallets. Unlike traditional phishing that steals usernames and passwords, crypto drainers target the smart contract permissions and transaction approvals that govern wallets. Drainers can also operate via malicious browser extensions or compromised dApps.

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First, scammers create fake websites that mimic legitimate platforms, and in the instance flagged by Mazrael, the URL shared was a fake Shiba Inu link, as Shib.io remains Shib's official website.

The scammers promote these malicious links intended to deceive unsuspecting users, who are prompted to connect their crypto wallets to the site.

Once connected, the site shows a transaction pop-up, which is in fact an approval request or a malicious signature. By signing it, the user unknowingly grants the drainer smart contract permission to spend or transfer their tokens.

That is why crypto users are advised to always check official project channels before clicking on links shared on social media or Discord, even if they appear to be coming from verified accounts.

Beating AI News Flash: The Wall Street Journal, citing people familiar with the matter, reports that Amazon is in talks to acquire AI startup Decart. The potential deal is valued at around $7 billion, though it has not been finalized. Decart specializes in AI chip optimization software, which enables models to run faster and more cost-effectively across different chips, with support for NVIDIA GPUs, Google TPUs, and Amazon Trainium. Founded in 2023, the startup has seen multiple twists in its acquisition rumors. In August, Israeli media outlet Calcalist reported that NVIDIA was close to acquiring Decart, but negotiations were halted after other buyers intervened. SpaceX, owned by Elon Musk, was also speculated as a potential buyer, though no credible reports have confirmed a formal bid. Later, Anthropic considered acquiring Decart for around $6 billion and conducted due diligence, but by September, Anthropic decided to exit the talks, with the reason remaining undisclosed. The potential Amazon deal’s valuation is higher than Decart’s $4 billion funding valuation in May. Amazon and Decart already have an existing partnership: in May, Decart announced Amazon was its strategic client, and the two had run the real-time video model Lucy 2 on Amazon’s self-developed Trainium3 chip. Decart has also developed Oasis, a tool for generating interactive virtual scenes. If the acquisition is completed, Amazon will gain Decart’s cross-chip optimization technology.

Relevant content

Bank of America raises price targets for Robinhood and Coinbase to $156 and $203 respectively; cuts eToro’s price target to $39.

Bank of America (BofA) adjusted price targets for three crypto trading platforms ahead of their third-quarter earnings releases. Analyst Craig Siegenthaler raised Robinhood’s price target from $140 to $156, retaining a "Buy" rating; lifted Coinbase’s target from $174 to $203, also keeping a "Buy" rating; and cut eToro’s target from $46 to $39, maintaining a "Neutral" rating. In terms of earnings forecasts, the market expects Robinhood to generate roughly $1.4 billion in Q3 revenue with earnings per share (EPS) of $0.64; the firm has beaten EPS estimates for 11 consecutive quarters. Coinbase is projected to post around $1.77 billion in revenue with a per-share loss of $0.20, after missing profit estimates for three straight quarters. eToro is forecast to have revenue of approximately $203 million and EPS of $0.40. The report notes that BofA’s upward adjustment to Coinbase’s price target was partly driven by expectations of stablecoin-related revenue growth, though the bank also cut its near-term trading volume forecast for the firm. For eToro, BofA lowered its profit forecast due to factors including expected declines in contributions from stock, commodity, and forex trading, as well as slowing account growth.

7 minutes ago

Bitcoin falls below $83,000

According to HTX market data, Bitcoin has fallen below $83,000.

7 minutes ago

Tom Lee: Bitmine’s stock performance still outpaces ETH in the bear market; tokenization, wealth transfer, and AI will drive the largest crypto bull market in history

Tom Lee, chairman of Bitmine, said he expects the next crypto bull run to be the largest in history, with key drivers including asset tokenization, intergenerational wealth transfer, digital asset treasury firms’ continued absorption of market supply, and the crypto sector benefiting as a downstream segment of the AI industrial chain. Lee argues that the ongoing wealth transfer will bring more capital to the crypto market. Since the group inheriting wealth is relatively young and likely has a higher risk appetite for crypto assets and stocks, this trend’s impact in the current cycle may surpass that of the 2019–2021 bull run. He also pointed out that even though the crypto market was in a bear phase between 2025 and 2026, Bitmine’s stock performance still outperformed ETH. As the macro environment changes and the crypto market enters a new cycle, he believes the company is well-prepared for a potential bull run.

7 minutes ago

Pre-Market News Roundup: TSMC’s quarterly earnings on track to hit an all-time high, Norway fines Microsoft nearly $10 million, Amazon in talks to acquire Decart.

Key pre-market news for U.S. stocks: 1. Strategy added 250 BTC to its holdings last week, bringing its total BTC position to 848,250. 2. Bitmine added 12,532 ETH last week, lifting its total ETH holdings to 6.03 million, approaching its 5% supply target. 3. Nvidia (NVDA.O) is in talks to acquire U.S. open-weight model developer Reflection AI or make additional investments in the firm. 4. Goldman Sachs has upgraded its three-month stock allocation rating to "overweight" and its 12-month bond allocation rating to "overweight". 5. Saudi Aramco’s CEO: Target to boost gas production sales by approximately 80% by 2030 compared to 2021 levels. 6. Autonomous trucking firm Kodiak AI (KDK.US) received additional stake purchases from Cathie Wood. 7. External forecasts widely expect TSMC (TSM.N) to achieve a sixth consecutive quarter of record-high profits, driven by the AI boom. 8. Norwegian regulators fined Microsoft (MSFT.O) nearly $10 million over a privacy breach. 9. Venezuela’s president reached an agreement with SpaceX (SPCX.O), officially authorizing Starlink’s operations. 10. Amazon (AMZN.O) is in talks to acquire AI startup Decart for roughly $7 billion, a deal that could value Decart at around $7 billion. 11. Tesla (TSLA.O)’s Robotaxi is under U.S. regulatory scrutiny for alleged speeding in school zones.

7 minutes ago

Saudi Arabia plans to increase its onshore oil transportation capacity to 10 million barrels per day, establishing an alternative energy transport backup route.

Saudi Energy Minister Abdulaziz bin Salman recently stated that Saudi Arabia plans to increase its overland oil transport capacity bypassing the Strait of Hormuz to 10 million barrels per day (bpd) over the next two to three years, to reduce reliance on the Persian Gulf shipping lane. The kingdom’s East-West Oil Pipeline, which links its eastern oil fields to Yanbu Port on the Red Sea, has a designed capacity of 7 million bpd. As of early October, the pipeline’s actual daily throughput rose to 5.8 million bpd, with around 4.5 million bpd used for exports and the rest supplied to western refineries. Saudi Arabia is upgrading pumping stations along the pipeline to further boost capacity. Additionally, the kingdom plans to temporarily convert existing natural gas pipelines for crude oil transport. After adjustments, these pipelines will support an oil transport capacity of roughly 1.2 million bpd; with future investments in pumping stations and compressors, their potential capacity could reach 3 million bpd. Saudi Arabia is also evaluating a dual-use oil and gas pipeline network scheme, enabling flexible switching of transport purposes based on geopolitical risks and seasonal demand. This initiative aims to address shipping disruptions through the Strait of Hormuz and security risks on the Red Sea route, building a more resilient crude oil export system. However, the 10-million-bpd overland transport capacity remains in the planning and construction phase, and its final realization depends on pipeline upgrades and supporting infrastructure investments.

7 minutes ago

Last week, DFDV added approximately 22,000 SOL tokens to its holdings, while its preferred stock CHAD hit a record high amid the broader market downturn.

Solana Treasury Firm DeFi Development Corp. (Nasdaq: DFDV) announced on October 12 that its treasury holdings rose by approximately 22,070 SOL and equivalent assets over the past week, bringing total holdings to around 2.5863 million SOL — a roughly 12% increase from levels when its Q2 financial report was released on August 12. The company stated it will continue accumulating SOL through ongoing purchases and on-chain yields, and has established a $300 million market issuance program (CHAD ATM) to fund further acquisitions. Meanwhile, its floating-rate perpetual preferred stock CHAD rose against the trend in the week ended October 9, hitting a record high trading price despite broader crypto market weakness in the same period. The company noted CHAD currently has an annualized dividend yield of 13%, calculated at a $10 par value per share, translating to an annual dividend of $1.30 per share. Dividends are paid on each business day when the company declares a distribution. CHAD serves as a financing channel for expanding its SOL treasury while offering holders income opportunities tied to SOL asset returns, the company added. It should be clarified that the 13% is the current dividend rate, not a guaranteed return; dividends are only paid after the company’s declaration, and future dividend rates and stock prices may fluctuate.

7 minutes ago

Bitcoin falls below $83,000

According to HTX market data, Bitcoin has fallen below $83,000.

8 minutes ago

Tom Lee: Bitmine’s stock performance still outpaces ETH in the bear market; tokenization, wealth transfer, and AI will drive the largest crypto bull market in history

Tom Lee, chairman of Bitmine, said he expects the next crypto bull run to be the largest in history, with key drivers including asset tokenization, intergenerational wealth transfer, digital asset treasury firms’ continued absorption of market supply, and the crypto sector benefiting as a downstream segment of the AI industrial chain. Lee argues that the ongoing wealth transfer will bring more capital to the crypto market. Since the group inheriting wealth is relatively young and likely has a higher risk appetite for crypto assets and stocks, this trend’s impact in the current cycle may surpass that of the 2019–2021 bull run. He also pointed out that even though the crypto market was in a bear phase between 2025 and 2026, Bitmine’s stock performance still outperformed ETH. As the macro environment changes and the crypto market enters a new cycle, he believes the company is well-prepared for a potential bull run.

8 minutes ago

Pre-Market News Roundup: TSMC’s quarterly earnings on track to hit an all-time high, Norway fines Microsoft nearly $10 million, Amazon in talks to acquire Decart.

Key pre-market news for U.S. stocks: 1. Strategy added 250 BTC to its holdings last week, bringing its total BTC position to 848,250. 2. Bitmine added 12,532 ETH last week, lifting its total ETH holdings to 6.03 million, approaching its 5% supply target. 3. Nvidia (NVDA.O) is in talks to acquire U.S. open-weight model developer Reflection AI or make additional investments in the firm. 4. Goldman Sachs has upgraded its three-month stock allocation rating to "overweight" and its 12-month bond allocation rating to "overweight". 5. Saudi Aramco’s CEO: Target to boost gas production sales by approximately 80% by 2030 compared to 2021 levels. 6. Autonomous trucking firm Kodiak AI (KDK.US) received additional stake purchases from Cathie Wood. 7. External forecasts widely expect TSMC (TSM.N) to achieve a sixth consecutive quarter of record-high profits, driven by the AI boom. 8. Norwegian regulators fined Microsoft (MSFT.O) nearly $10 million over a privacy breach. 9. Venezuela’s president reached an agreement with SpaceX (SPCX.O), officially authorizing Starlink’s operations. 10. Amazon (AMZN.O) is in talks to acquire AI startup Decart for roughly $7 billion, a deal that could value Decart at around $7 billion. 11. Tesla (TSLA.O)’s Robotaxi is under U.S. regulatory scrutiny for alleged speeding in school zones.

8 minutes ago

Saudi Arabia plans to increase its onshore oil transportation capacity to 10 million barrels per day, establishing an alternative energy transport backup route.

Saudi Energy Minister Abdulaziz bin Salman recently stated that Saudi Arabia plans to increase its overland oil transport capacity bypassing the Strait of Hormuz to 10 million barrels per day (bpd) over the next two to three years, to reduce reliance on the Persian Gulf shipping lane. The kingdom’s East-West Oil Pipeline, which links its eastern oil fields to Yanbu Port on the Red Sea, has a designed capacity of 7 million bpd. As of early October, the pipeline’s actual daily throughput rose to 5.8 million bpd, with around 4.5 million bpd used for exports and the rest supplied to western refineries. Saudi Arabia is upgrading pumping stations along the pipeline to further boost capacity. Additionally, the kingdom plans to temporarily convert existing natural gas pipelines for crude oil transport. After adjustments, these pipelines will support an oil transport capacity of roughly 1.2 million bpd; with future investments in pumping stations and compressors, their potential capacity could reach 3 million bpd. Saudi Arabia is also evaluating a dual-use oil and gas pipeline network scheme, enabling flexible switching of transport purposes based on geopolitical risks and seasonal demand. This initiative aims to address shipping disruptions through the Strait of Hormuz and security risks on the Red Sea route, building a more resilient crude oil export system. However, the 10-million-bpd overland transport capacity remains in the planning and construction phase, and its final realization depends on pipeline upgrades and supporting infrastructure investments.

8 minutes ago

Last week, DFDV added approximately 22,000 SOL tokens to its holdings, while its preferred stock CHAD hit a record high amid the broader market downturn.

Solana Treasury Firm DeFi Development Corp. (Nasdaq: DFDV) announced on October 12 that its treasury holdings rose by approximately 22,070 SOL and equivalent assets over the past week, bringing total holdings to around 2.5863 million SOL — a roughly 12% increase from levels when its Q2 financial report was released on August 12. The company stated it will continue accumulating SOL through ongoing purchases and on-chain yields, and has established a $300 million market issuance program (CHAD ATM) to fund further acquisitions. Meanwhile, its floating-rate perpetual preferred stock CHAD rose against the trend in the week ended October 9, hitting a record high trading price despite broader crypto market weakness in the same period. The company noted CHAD currently has an annualized dividend yield of 13%, calculated at a $10 par value per share, translating to an annual dividend of $1.30 per share. Dividends are paid on each business day when the company declares a distribution. CHAD serves as a financing channel for expanding its SOL treasury while offering holders income opportunities tied to SOL asset returns, the company added. It should be clarified that the 13% is the current dividend rate, not a guaranteed return; dividends are only paid after the company’s declaration, and future dividend rates and stock prices may fluctuate.

8 minutes ago

Bitmine added 12,532 ETH to its holdings last week, bringing its total ETH position to 6.03 million, approaching its 5% supply target.

Bitmine Immersion Technologies (BMNR) announced on October 12 that, as of the latest statistics, it holds approximately 6.03 million ETH, accounting for around 4.9% of Ethereum’s total supply. The company added 12,532 ETH to its holdings last week, pushing its position further above the 6 million ETH threshold and bringing it close to its target of holding 5% of Ethereum’s total supply. In addition to ETH, Bitmine’s holdings of crypto assets, cash, tradable securities, and other investments total approximately $16.2 billion. Of this total, the company has staked 5,067,309 ETH, valued at roughly $12.9 billion per announcement data, representing about 84% of its total ETH holdings. Bitmine Chairman Tom Lee stated that since launching its ETH treasury strategy on June 30, 2025, the company has been continuously purchasing ETH every week. He projects that once all of the company’s ETH holdings are fully staked through MAVAN and its partners, at the current 2.61% seven-day yield, annualized staking revenue could reach approximately $400 million. Additionally, the company’s perpetual preferred stock (BMNP) closed at $99.53 per share, above its $80 per share issue price. Tom Lee believes that as tokenization, wealth transfer, and AI-related demand drive growth in the crypto market, Bitmine is poised to benefit from the next bull market.

8 minutes ago

Arthur Hayes says Flop Labs will ship the FLOP testnet within weeks. The 90-day trial is the only route to the project’s genesis airdrop, so miners, validators, and AI agents must earn their share.

Yet Flop Labs’ own testnet page sets no launch date. Instead, it ties the start to readiness criteria and allows an extension if the team misses them.

What Happens on the Testnet? What a great @token2049. I got some youthful energy with cellular medicine from @VeritaHealthHQ and then dropped the thinking behind @flop_labs all week. Now it’s back on the grid so we can ship FLOP Testnet in a few weeks.

Yachtzee

— Arthur Hayes (@CryptoHayes) October 11, 2026 Hayes, the BitMEX co-founder who left retirement to lead Flop Labs in August, posted the update after TOKEN2049 Singapore.

The startup is building a blockchain where AI agents rent computing power. Agents would pay in FLOP whenever they need a model to answer a request or storage for their data.

The miners here are GPU owners. These are people or data centers with graphics processing units (GPUs), the chips that also run AI models like ChatGPT.

Bitcoin miners spend electricity guessing numbers to secure their network, and that work has no other use. By contrast, Flop’s proof-of-useful-inference model pays miners for real AI tasks.

In return, miners earn block rewards plus most of the inference fees. Validators, meanwhile, confirm that the work actually happened. Hayes first sketched the idea in his creation-style FLOP pitch.

The testnet rehearses that market with worthless test tokens. Miners earn credit only for verified compute, so idle hardware scores nothing.

Validators compete for 1,000 mainnet seats based on their testnet ranking. Agents, in contrast, must actually spend faucet tokens on inference, because holding them earns nothing.

Why Hayes Thinks FLOP Could Outgrow BitcoinFLOP borrows heavily from Bitcoin’s design. Blocks arrive about every second, and each one pays 96 FLOP to miners.

That reward halves every 730 days, echoing the Bitcoin halving cycle at twice the pace. A September draft caps supply near 18.1 billion tokens after 10 years, with 24.3% reserved for the airdrop.

The project also skips the usual fundraising. It has no presale and no venture capital allocation, and Hayes says he funded the team himself.

Hayes goes further. He cites Reed’s Law, the idea that a network’s value soars as users form groups, to argue Flop could one day be worth more than Bitcoin.

However, no published model backs that claim. The Yellow Paper is still a draft at version 0.5.0, and the team flags many of its figures as provisional.

The FLOP testnet also launches into a crowded field. Render and Ocean Network already rent out idle GPUs for AI work.

Hayes expects the AI data center boom to overbuild and end in a bailout. Meanwhile, the FLOP testnet will show whether his own AI venture can draw real demand for compute.

Stablecoins, cross-border payments, compliance and operational security took center stage at the Institutional Onchain Finance Summit 2026 in Singapore, where industry executives discussed the infrastructure needed to support the next phase of institutional adoption.

Held on Oct. 6 during TOKEN2049 Week, the summit was jointly hosted by Cregis, together with FOMO Pay, Stable and Width, bringing together executives from digital asset infrastructure, payments, financial services, stablecoins and cybersecurity.

The summit opened with Jason Ma, COO of Cregis, who delivered a keynote titled A Solid Foundation for Your Business on Chain. Cregis has built its infrastructure around the operational needs of businesses using digital assets, spanning wallet infrastructure through Wallet-as-a-Service (WaaS), fund-flow orchestration through Rails, and custody and governance capabilities. Its Wallet-as-a-Service and Payment Engine products support a range of enterprise digital asset operations.

The focus then turned to one of the most established use cases for stablecoins: cross-border payments.

In a panel moderated by Chiara Munaretto cofounder of Stablecoin Insider, Leandro Noel, Founder and COO of Avenia; Andres Kim, Regional Expansion Lead at Tether; Eddie Hui, Co-President and COO of MetaComp; and Zack Yang, Co-Founder of FOMO Pay examined where stablecoins address practical pain points in cross-border transactions.

Cost, settlement speed and predictability emerged as recurring concerns. Traditional cross-border payments can involve multiple intermediaries, variable fees and limited visibility into the status of a transfer. Stablecoins offer round-the-clock settlement and onchain visibility.

The panel did not frame stablecoins as a replacement for local payment systems. Andres Kim pointed to South Korea, where domestic payment infrastructure remains important, while stablecoins can provide an additional rail for the cross-border leg of a transaction. Leandro Noel described stablecoins more broadly as a potential “global ledger,” allowing companies to connect markets without rebuilding the same financial infrastructure in every jurisdiction.

Brian Mehler, CEO of Stable, addressed the payment infrastructure behind that use case in his keynote, “Global Payments, Made Stable,” outlining Stable’s approach to stablecoin-based payments and global money movement.

Adoption also brings a new layer of complexity. As more issuers and jurisdictions introduce stablecoins, businesses face a growing mix of assets, networks and liquidity pools. Zack Yang noted that while stablecoins can simplify fragmented payment operations, the stablecoin market itself is becoming more fragmented.

That fragmentation puts greater pressure on compliance as stablecoins move deeper into payment flows. Chye Kit Chioh, CEO and Co-Founder of Width, addressed the issue in his keynote, The Future of Compliance 2027 and Beyond: AI, Automation, and the Shift to Real-Time Risk Intelligence, focusing on automation and real-time risk management.

The issue is also featured in the stablecoin panel. Cross-border transactions can span local payment systems, stablecoin conversion and multiple regulatory jurisdictions, creating a need for closer coordination among banks, payment providers, stablecoin companies and regulators. Panelists also called for regulators to gain more practical experience with real-world stablecoin use cases.

A second panel, moderated by Alevtina Labyuk, Chief Strategic Partnerships Officer at BeInCrypto, examined the security challenges accompanying institutional onchain activity. Michael Chen, Non-Executive Director at 1exchange; Jason Jiang, Chief Business Officer at CertiK; Dmytro Matviiv, CEO of HackenProof; and Alexandra Wang, Head of Partnerships at ZAN discussed how security risks now extend well beyond smart contract codes.

The panel agreed that audits have become a baseline requirement, but provide only a point-in-time assessment. Key management, access controls, signing policies, vendor oversight and incident response are becoming equally important. Jason Jiang highlighted continuous monitoring, anomaly detection and fund tracing, while Michael Chen focused on operational controls around transaction authorization and asset management.

AI agents introduced another set of questions around authorization and accountability. While AI can improve monitoring and automate financial decisions, panelists said institutions will need clear limits on what an agent can execute, particularly when transactions are irreversible. The discussion also highlighted the need for stronger mechanisms for traceability, dispute handling and fund recovery as institutional participation grows.

The summit also looked at the broader architecture for institutional finance. Eric Chen, CEO and Co-Founder of Injective, presented Injective’s Institutional Stack, outlining Injective’s approach to infrastructure for institutional financial applications.

Across the two panels and four keynotes, a common picture emerged: stablecoins are moving into payments, compliance is becoming more closely tied to transaction flows, and institutional security is extending into day-to-day operations.

For companies using digital assets, the practical question is how to fit these capabilities into existing financial and operational systems while maintaining control over payments, compliance, security and treasury functions.

Founded in 2017, Cregis now serves more than 4,000 businesses across more than 50 countries and has processed more than $300 billion in cumulative transaction volume. Its infrastructure covers enterprise wallets, payments and fund-flow operations, with the company continuing to expand its capabilities for institutional asset management and governance.

Disclaimer

This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.

Upbit to List Gitcoin (GTC)

Arbitrum [ARB] has rallied 5.28% on Sunday, the 11th of October. Bitcoin [BTC] also experienced a 0.95% move on Sunday, bouncing from $82,988 to $83,773. This minor move helped the altcoin market cap expand by 1% to reach $1.12 trillion.

Arbitrum had already been trending higher, gaining 21.34% since the low at $0.162 made on the 8th of October.

Source: Glassnode Layer 2 tokens have been trending strongly in recent days, Glassnode data showed. They have outperformed Bitcoin and the other top crypto market sectors by a sizeable margin.

As an L2 token, ARB’s price move was partially explained by the capital flow into the sector. Over the past two weeks, the market-wide correction has affected altcoin market sentiment.

The price action highlighted why Arbitrum remains a bullish altcoin.

Arbitrum bulls gear up for another push higher Source: ARB/USDT on TradingView On the 1-day timeframe, the swing structure flipped bullishly in early September when the $0.1495 swing high from May was broken. After a pullback to $0.131, the uptrend continued.

Buffed by rising network activity and accelerating revenue, ARB prices made another swing high to reach $0.255, keeping the bullish structure intact. Once again, the price had pulled back into a demand zone around $0.16 and reacted positively.

It was a slight concern that the CMF on the daily timeframe was below -0.05, even as daily trading volume shrank noticeably over the past six weeks. Yet, structurally, ARB has a bullish bias on this timeframe.

Traders’ call to action – Wait to buy Source: ARB/USDT on TradingView The swing structure on the 1-hour timeframe was bearish. Technically, buyers can wait for a breakout past $0.211 and a retracement below $0.186 to buy. However, they might not get such a clean setup, especially if the Bitcoin correction to $80.3k is over and a new leg higher occurs over this weekend.

The $0.183-$0.186 area is an imbalance on the daily timeframe and also a local supply/demand zone. A retest of this region could offer a swing buying opportunity, targeting $0.255 and $0.285.

This bullish idea would be invalidated if ARB prices fell below $0.162.

Final Summary Arbitrum has benefited from the capital inflows to the Layer 2 sector, but ARB’s uptrend has been in place since August. The latest pullback to $0.162 was part of a healthy uptrend. The falling volume trend was a concern, but the price structure remained bullish.

The crypto market will welcome tokens worth $845.8 million in the third week of October 2026. Major projects, including Cronos (CRO), Arbitrum (ARB), and Starknet (STRK), will release significant new token supplies.

These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.

1. Cronos (CRO) Unlock Date: October 17 Number of Tokens to be Unlocked: 1.17 billion CRO Released Supply: 49.97 billion CRO Total Supply: 100 billion CRO Cronos is a Layer-1 blockchain ecosystem developed alongside Crypto.com. It runs an EVM-compatible chain, Cronos EVM, and a Cosmos SDK-based chain, Cronos POS. CRO is the network’s native token, used for transaction fees and staking.

On October 17, Cronos will unlock 1.17 billion CRO worth $70.85 million. The tokens account for 2.33% of the released supply.

CRO Crypto Token Unlock in October. Source: TokenomistThe entire release will go to a single allocation, the Cronos Strategic Reserve.

2. Arbitrum (ARB) Unlock Date: October 16 Number of Tokens to be Unlocked: 92.65 million ARB Released Supply: 5.95 billion ARB Total Supply: 10 billion ARB Arbitrum is a Layer-2 scaling solution built for Ethereum (ETH). It enhances transaction speed and reduces costs while maintaining the security of the Ethereum network.

The blockchain achieves this by utilizing ‘optimistic rollups,’ which process transactions off-chain and submit them to the Ethereum mainnet for validation.

On October 16, Arbitrum will unlock 92.65 million tokens into the market. The tokens are worth $18.40 million and represent 1.56% of the released supply.

ARB Crypto Token Unlock in October. Source: TokenomistArbitrum will award 56.13 million ARB from the unlocked supply to the team, future team, and advisors. Moreover, investors will gain 36.52 million tokens.

3. Starknet (STRK) Unlock Date: October 15 Number of Tokens to be Unlocked: 127 million STRK Released Supply: 3.77 billion STRK Total Supply: 10 billion STRK Starknet is an Ethereum Layer-2 scaling solution built with STARK-based zero-knowledge rollups. STRK is the network’s native utility and governance token.

On October 15, Starknet will release 127 million STRK worth $15.42 million. The supply accounts for 3.37% of the released supply.

STRK Crypto Token Unlock in October. Source: TokenomistEarly contributors will receive 66.61 million STRK from the unlock. In addition, investors will get 60.39 million tokens.

In addition to these three, Connex (CONX), Cheelee (CHEEL), and Aerodrome Finance (AERO) will also experience new supply entering the market this week. Tokenomist has marked the Cronos, Arbitrum, and Starknet unlocks as pending verification, so these figures remain projections.

Sui Foundation is investing $30 million in DATA Network as part of a strategic partnership that will see the AI training data protocol join the Sui stack and integrate with onchain data storage platform Walrus.

In a Monday statement shared with The Block, DATA Foundation, which supports DATA Network, said that Sui Foundation will become the network's largest institutional holder, alongside existing stakeholders PIP Labs and DATA Foundation.

Under the partnership, DATA Network is set to be upgraded to run as a protocol natively on Sui (SUI), and its independent chain will be retired. The existing DATA token will move to Sui on a one-to-one basis. The existing DATA Network will continue to operate until the transition is completed, and the foundation said it will release a detailed timeline prior to the upgrade. 

Walrus, meanwhile, will become the default storage layer for applications operated by DATA Foundation, which shifted its focus from general intellectual property infrastructure to AI training data in June.

The partnership aims to scale the supply chain for AI training data. DATA Network's Trace, launched in June, tracks the origins and usage rights of AI training data while settling payment to the person who contributed it. 

According to the statement, the Trace registry has recorded more than 250 million contributions since its launch and currently processes more than 3 million receipts per day on average. The foundation said that the upgrade gives AI labs a place to source real-world training data they are allowed to use.

"The AI industry has reached the point where the open internet has been read, and the next frontier is defined by access to datasets with the consent and provenance that regulators require," said Adeniyi Abiodun, co-Founder and chief product officer at Mysten Labs, the original contributor to Sui and Walrus.

"The migration of DATA Network and Trace to our stack now brings massive volumes of high-quality, rights-cleared data that is already serving the world's frontier AI labs," Abiodun added.