Track market-moving stories before they get noisy

Bitcoin has spent recent sessions trading in a relatively tight band between roughly $82,000 and $83,000, a range that has left many crypto industyr participants underwhelmed.

October has historically delivered some of the strongest average returns for the asset, earning the informal label “Uptober,” yet the current stretch has not produced the sustained advance many expected heading into the final quarter of 2026.

The contrast with the prior year is stark.

In early October 2025, Bitcoin printed an all-time high just above $126,000.

Days later, on October 10, a sharp market-wide liquidation event erased tens of billions in leveraged positions within hours.

Some market participants and exchange executives, including figures at OKX, pointed to operational or liquidity issues on Binance as a contributing factor.

Binance later acknowledged limited platform-specific problems, issued substantial user compensation, and maintained that core matching engines remained functional and that broader macro pressures plus concentrated liquidations were the dominant drivers.

No broad industry consensus emerged that any single venue caused the cascade.Roughly one year after that cycle peak, major alternative cryptocurrencies have also softened.

Ethereum, Solana, Cardano, and XRP are trading well below the levels seen around the 2025 highs, consistent with the broader pattern of reduced risk appetite once a market cycle tops.

The combination of still-elevated funding rates in prior periods, macro uncertainty, and the passage of time since the peak has left many tokens in a prolonged consolidation or mild downtrend.

As the calendar moves through the final quarter of 2026 and attention turns toward 2027, the central open question for Bitcoin is whether it can reclaim and hold above the $100,000 threshold.

Spot Bitcoin exchange-traded funds continue to record intermittent inflows, and institutional interest has not disappeared, yet the path higher has been slower and more uneven than the 2024–2025 advance.

Technical support near the low-$80,000s has held for now, but a decisive break either way would likely set the tone for the months ahead.

One relative bright spot has been Zcash.

The privacy-focused cryptocurrency has ranked among the more closely watched assets this year, aided by the launch and subsequent filings of spot ETFs that hold ZEC directly.

Products such as Grayscale’s ZCSH have attracted meaningful assets, while additional issuers, including groups linked to the Winklevoss family, have submitted registration statements proposing lower-fee alternatives.

These vehicles have expanded traditional market access and drawn fresh attention to the token even as broader altcoin sentiment remains subdued.

Looking beyond pure price action, global market participants are watching US regulatory developments for cues.

After the CLARITY Act failed to advance in the Senate—falling short on a key procedural vote—both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have indicated they will proceed with rulemaking under existing statutory authority.

Officials have described efforts to provide clearer frameworks for digital asset offerings and market structure, aiming to support innovation while the legislative route remains stalled.

Other jurisdictions often treat US policy as a reference point; continued progress at the agency level could influence capital allocation and product development worldwide as 2026 draws to a close.

Whether Bitcoin can stage a sustained move past $100,000 before or during 2027 will depend on a mix of macroeconomic conditions, ETF flows, regulatory clarity, and risk appetite across the digital-asset complex. For the moment, BTC price action near $82,000–$83,000 and the underwhelming October performance underscore that the recovery from the prior cycle top remains incomplete.

A regional South Korean lender has just done something none of the country’s banks had done before. Jeonbuk Bank now lets corporate clients borrow Korean won using Bitcoin as collateral.

The product launched on October 12, 2026, and is described as the first won-denominated loan in South Korea secured by Bitcoin.

Jeonbuk Bank, a subsidiary of JB Financial Group, says it plans to expand the offering depending on market demand and how regulations develop. For now, the door is open only to businesses.

How the loans actually work Jeonbuk Bank does not take custody of the Bitcoin pledged against these loans. Instead, it works with qualified virtual asset service providers that meet South Korea’s custody standards.

Those custodians must comply with local rules, including ISMS certification and the Virtual Asset User Protection Act. ISMS is South Korea’s information security management certification, essentially a government-backed stamp saying a firm’s data and systems meet a defined security bar.

The bank’s role is narrower. It handles valuation and lending, and it does not own or manage the Bitcoin sitting in custody.

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The loans are restricted to corporate clients. The money is meant for business operating funds, which covers payroll, suppliers, and keeping the lights on.

Only Bitcoin qualifies as collateral. The bank chose Bitcoin because of its superior liquidity and higher trading volume compared with other digital assets.

Pricing a volatile asset without losing sleep Jeonbuk Bank’s answer is a layered valuation process. It prices the collateral using weighted average prices drawn from multiple global exchanges rather than relying on a single venue.

The model also factors in volatility medians and runs stress tests.

Recovery in a default runs through court-ordered auctions under revised Civil Execution Rules, which took effect on October 1, 2026. The Bitcoin does not simply transfer to the bank when a borrower misses payments.

The timing is hard to ignore. The rule change landed less than two weeks before the product launched, giving the bank a legal path to recover value from seized digital assets.

A bank that wants to be a crypto bank The bank’s president has expressed a desire for Jeonbuk Bank to evolve into a “crypto bank.”

The product has been framed as paralleling offerings from global institutions such as JPMorgan Chase.

By outsourcing custody to licensed providers and routing defaults through the courts, the bank keeps a clear line between lending money and holding crypto directly.

What this means for Korean banking and crypto The most immediate impact falls on Korean companies that already hold Bitcoin. Until now, getting cash out of those holdings usually meant selling them.

Jeonbuk Bank has indicated it might eventually open the product to a wider range of clients and potentially accept other digital assets, depending on demand and the regulatory framework.

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

Upbit to list RSR trading pairs with KRW and USDT.

According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.

19 minutes ago

RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.

According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.

19 minutes ago

Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

19 minutes ago

Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.

U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.

19 minutes ago

A certain whale took a 10x short position on ENA, with returns reaching 560%.

According to TradingBeats monitoring, a Hyperliquid whale address 0x45d2…4029 holds approximately 6.416 million ENA short positions, with a position value of around $1.54 million, using 10x full leverage at an average entry price of roughly $0.552. The address is currently sitting on an unrealized profit of about $2 million, translating to a position return of approximately 564.5% based on the initial leverage. This address has held ENA short positions since late September. As of press time, the ENA contract’s mark price is around $0.24, some 56.5% lower than the address’s average entry price.

19 minutes ago

Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.

Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto traders. She noted that integrating relevant transactions into strictly regulated trading platforms is more conducive to investor protection than separate regulation by individual U.S. state laws. On stablecoins and tokenized deposits, Pham said tokenized deposits are more suited for wholesale financial markets. If all trades in a single trading day were settled via real-time atomic settlement on a blockchain, the required cash volume could hit $15 trillion—an amount existing funds cannot support. Banks currently offset counterparties’ receivables and payables through net settlement, so tokenized deposits will play a key role in wholesale markets; stablecoins, by contrast, are better for scenarios where counterparties lack trust and need to mitigate settlement risk. Additionally, Pham projects that over the next two years, the New York Stock Exchange (NYSE) and Nasdaq will begin listing genuine tokenized stocks and generate substantial trading volume. She stressed that real tokenized stocks should retain shareholder rights such as voting power, distinguishing them from synthetic tokens not approved by the issuing company.

19 minutes ago

29 minutes ago

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

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Top crypto stocks have come under pressure in recent days as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) have pulled back from their September highs. 

This article looks at some of the top crypto stocks to watch this week, including popular names such as BitMine (NASDAQ:BMNR), Strategy (NASDAQ:MSTR), Strive (NASDAQ:ASST) and BitGo (NYSE:BTGO).

Strategy Stock in Focus as Saylor Hints at Bitcoin BuyingMSTR stock has pulled back and moved into a local correction after falling by 10% from its highest point in September. This retreat has coincided with Bitcoin’s retreat from the September high of $87,200 to $83,000 today. 

The stock will be in the spotlight as it reveals its recent Bitcoin purchases. Michael Saylor has hinted that the company continued its purchases last week, saying that there was always room for "more orange."

Strategy is still the biggest Bitcoin holder in the world, with 848,000 coins valued at over $70 billion. The value of its holdings has jumped from the year-to-date low of over $49 billion.

In addition to Bitcoin purchases, Strategy has continued to use its recently raised cash to repurchase STRC’s shares in a bid to push its value to par. 

Strive in Focus on Bitcoin BuyingStrive, a company associated with Vivek Ramaswamy, will also be in focus this week as it reports whether it continued buying Bitcoin. In its last update, the company said it bought an additional 2,000 coins at $84,422 each. The purchase cost about $169 million and was funded through SATA, its preferred stock vehicle.

Strive has become one of the biggest Bitcoin holders in the world. It now holds 29,462 coins valued at over $2.4 billion, with its stock being up by over 285% from its lowest level this year.

Read Next

BitMine Stock in the Spotlight as its Ethereum Buying Nears TargetTom Lee’s BitMine stock has plunged in the past few weeks, moving from a high of $28.8 in September to the current $24. Its retreat happened as Ethereum dropped from $2,806 to the current $2,540. 

The company is now in the spotlight as it unveils its Ethereum buying report for last week. In its last report, the company said that it continued its buying spree, bringing its holdings to 6,016,414 coins. Its holdings are now equivalent to 4.9% of its total holdings, meaning that it will reach 5% soon. 

By ending the purchases, the company will now focus on generating revenue through staking. It will also stop diluting its shareholders through share sales. 

BitGo Stock in Focus Amid a $141 Million Legal BattleBitGo, one of the biggest custodian companies in the industry, has seen its stock drop by over 70% from its all-time high, with its market capitalization moving from $2.14 billion to the current $861 million.

The company will be in the spotlight as it faces a $141 million legal battle with World Liberty Financial, the project backed by the Trump family. DWF Maas and Falcon Digital have sued BitGo, claiming that it breached contracts by selling WLFI tokens before the agreed lock-up expiry. 

The most recent results showed that BitGo’s revenue rose by 79.6% in the second quarter to $4.32 billion. It also made a net loss of $19 million after making a $38.3 million profit in the same period a year earlier.

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Evernorth Holdings has completed its business combination with Armada Acquisition Corp. II, taking a treasury of approximately 473 million XRP and about $300 million in gross cash proceeds into the public markets, the company announced on Oct. 9. The combined company’s common stock is expected to begin trading on the Nasdaq under the ticker XRPN on Monday, Oct. 12.

The closing makes Evernorth one of the largest publicly traded XRP treasuries, offering investors exposure to the token through a regulated, transparent structure rather than a direct holding. Founder and Chief Executive Officer Asheesh Birla said the company will “deploy capital across the XRP economy, supporting the infrastructure and use cases that expand XRP’s utility,” while pursuing strategies designed to grow XRP per share over time.

What Evernorth Brings to Market Evernorth describes itself as an actively managed digital-asset treasury that holds XRP and puts it to work through institutional lending, DeFi yield strategies, ecosystem participation and capital-markets activity. At closing the company had raised roughly $300 million in gross cash proceeds before transaction expenses, with backing from Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR.

Armada Acquisition Corp. II is a special-purpose acquisition company sponsored by Arrington XRP Capital Fund. Evernorth cleared its final SEC hurdle in August, when regulators declared its Form S-4 registration effective, and Armada shareholders approved the combination at a Sept. 30 meeting.

A Debut After a Short Delay The listing arrives later than first outlined. Evernorth had earlier targeted an Oct. 7 close and an Oct. 8 Nasdaq debut before an administrative delay shifted the schedule to the current dates. The company said the change did not affect completion of the transaction.

Michael Arrington, founder of Arrington Capital, framed the support as a bet on the XRP ecosystem maturing and attracting builders and capital. Evernorth plans to ring the Nasdaq closing bell on Oct. 14 alongside company leadership, investors and members of the XRP ecosystem.

What Happens Next Once XRPN begins trading, the share price will move with Evernorth’s XRP holdings and its ability to generate yield, exposing holders to the token’s volatility through an equity wrapper. The company has not disclosed specific yield targets, and its forward-looking statements warn that a decline in the price of XRP could reduce the value of its securities. The first trading day will offer an early read on demand for a dedicated XRP treasury vehicle.

AUTHOR

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Ledger implant exploit reportedly spreads to Europe after $93.4 million in losses from Asian resellerA tampered Ledger attack that has already seen an estimated $93.4 million taken from Asian hardware wallet users, has reportedly spread to Europe.

X user Johannes has presented photographs of a tampered Ledger he said he purchased two weeks ago from the European consumer electronics chain MediaMarkt. The implant inside appears to be an earlier version of the one found linked to CryptoBilis shipped devices in Asia, and no funds have been taken.

“Either the device didn’t work, or they were waiting for a more widespread usage of the compromised devices,” he said. Former Mt Gox CEO Mark Karpeles, whose investigations into the tampered Asian Ledgers helped bring the problem to light, said the antenna in the device says it is the “Eurasian version” suggesting separate versions of the implant have been sent to regions that use different mobile frequencies. Ledger has not confirmed the reported European device is part of the same attack.

“PSA the ledger incident isn’t limited to Asia,” wrote European X user Johannes. Source: Johannes.

The sophisticated attack hit Ledger devices in Asia late last week, after devices from the official reseller CryptoBilis — which had recently been sold to a new owner — were found to be modified in a way that apparently enable attackers to read the seed phrase and steal funds even as though the device is still able to pass authenticity checks.

Ledger has asked CryptoBilis to suspend sales and shipments of its devices as a precaution and advised customers who had purchased devices from the reseller within the past 90 days to consider transferring their assets to a new Ledger. “The volume of impacted devices is limited,” it said in its most recent update today.

CryptoBilis is listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. Cybersecurity outlet Yfarmx estimated the losses at $93.4 million across 471 addresses, but this figure has not been confirmed by Ledger.

Security firm uncovers XRP minting bugSecurity firm Veria Labs has been paid a $250,000 bug bounty for uncovering an overflow bug hidden in XRP’s code since 2015. It claims that a single transaction could have printed trillions of XRP out of thin air.  

The bug has been patched (amid some controversy) and there is no evidence it had ever been exploited.

Cayden Liao, Veria Labs security co-founder, wrote on X that its AI agent had combed through rippled, the software that runs the XRP Ledger and found two low severity bugs. It worked out how to create a much larger exploit by using them in conjunction. Liao said that just one exploit transaction could have created more than 18 trillion XRP, which is 184 times greater than the total supply.

“This puts the full $94B at risk, more than 60 times the largest crypto hack on record,” he wrote, referring to XRP’s entire market cap. “We suspect one reason nobody caught this vulnerability is that it chains together two bugs that would be low severity on their own.”  The bugs were reported on September 22 and RippleX patched them three days later.

Source: Cayden Liao

Vitalik Buterin backs crypto ‘bunker mode’ amid rapid AI math advancesEthereum co-founder Vitalik Buterin has backed researcher Justin Drake’s warning that advances in artificial intelligence could undermine the cryptography used in today’s blockchains before quantum computers do. 

“I don’t recommend anyone scramble to move their funds to new wallets today,” Buterin wrote. “But we should take the risks to cryptography from AI-accelerated math seriously.”

Drake urged the industry to prepare for “bunker mode” in light of OpenAI releasing hundreds of new mathematical findings that humans have been unable to solve. None of the findings related to cryptography, but the potential for AI agents to uncover new insights into the mathematical structure behind elliptic curve cryptography or lattice based cryptography has the core Ethereum team worried.

The concerns have been criticized by other projects and analysts as fear mongering, with critics saying there is no evidence AI agents are anywhere near breaking cryptography. But then again, there wasn’t a lot of evidence a new AI model was about to one shot the solution to hundreds of other unsolvable problems either.

Source: Samsung Wallet to add USDC transfers for US Galaxy users in OctoberSamsung plans to introduce USDC transfers to the Samsung Wallet payment app for 82 million eligible US Galaxy users in the last week of October.

The feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive funds in their local currency. Users must complete identity verification to access the service.

Bastion will provide stablecoin account and payment infrastructure, with Coinbase serving as a sub-custodian through Coinbase Prime Vault. Solana and Sui were named as technical partners.

Crypto’s heavy backing of Republicans alienated Democrats: CuomoThe crypto industry’s heavy backing of US Republicans has alienated Democrats whose support is needed to pass federal crypto legislation, says former New York Governor Andrew Cuomo.

Kalshi prediction markets put the probability of Democrats winning both chambers of Congress at about 61%. Cuomo said a Democratic-controlled Congress could either seek to roll back the SEC and CFTC’s crypto initiatives, or it could work with the Trump administration to pass the full CLARITY Act. 

“You need Democrats to pass the bill. You need Republicans. You have to be more balanced,” he said.

While he conceded there is a perception that Democrats are “anti-crypto” he says the technology fits in well with the party’s goals and beliefs.

“It’s empowering people who otherwise wouldn’t have access to financial products, and the Democratic Party has been working to do that all its life,” he said.

Source: Winners and LosersAt the end of the week, Bitcoin (BTC) is down 2.8% to trade at $83,435, Ethereum (ETH) is down 6.5% to trade at $2,562 and XRP (XRP) is down 7% to $1.40. The total market cap is at $2.82 trillion according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin winners of the week are StarkNet (STRK) with a 91% gain (after announcing it would become a post-quantum L1), Binance Life (币安人生) on 25.4%, and Celestia (TIA) on 20.8%.

The top three altcoin losers of the week are Venice Token (VVV) which was down 18.5%, Sky (SKY) down 16.2% and Uniswap (UNI) down 15.4%.

Prediction of the WeekEthereum will hit $25,000 to $50,000 this cycle says Tom LeeBitmine chair Tom Lee told Token2049 on Friday that ETH will top $5000 by the end of the year and by the end of the cycle Ethereum “could easily be 25,000 or 50,000 per token,” he said.

Lee also revealed Bitmine is nearing its 5% target after accumulating roughly 6 million Ether. The firm will only need to buy about 100,000 ETH more to reach that percentage.

“That’s a hard cap. We’re not gonna be accumulating past 5%,” Lee said. “We’re not gonna own more than 5% of Ethereum.”

Top FUD of the WeekColdcard says it’s investigating how phishing link appeared on its X account  Bitcoin-only hardware wallet Coldcard said an unauthorized phishing link appeared Sunday on its official X account, despite the company using offline two-factor authentication.

The post has since been deleted, and the firm said the only official website is https://coldcard.com. 

DefiLlama’s hack tracker estimated losses tied to July’s Coldcard exploit at $115 million.

THORChain dev accuses Tether of temporarily freezing USDT vaultsTHORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later. 

In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, freezing about a combined 1.45 million USDT in the network’s funds across four wallets. He reported about two hours later than trading would resume after Tether unfroze all the addresses.

New York permanently bars Celsius founder Mashinsky in $35M fraud settlementFormer Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million in conditional payments.

The New York agreement, announced Friday, settles a 2023 civil lawsuit accusing Mashinsky of misleading hundreds of thousands of investors about the safety of Celsius before its collapse in 2022.

Mashinsky is serving a 12-year federal prison sentence for fraud and was separately ordered to forfeit more than $48 million.

Top Magazine Features of the WeekFrance is world’s most dangerous place for Bitcoiners: 90 attacks in 7 monthsFrench authorities recorded 90 crypto-related cases involving kidnapping, extortion, threats and violent theft in seven months. What makes France such a hotspot?

Crypto lending rises again… but have they solved the risks?Crypto lending has risen by 55% since July, but now has to deal with the dangers of AI assisted hacks, and risks cascading through interlinked protocols. Here’s how to stay safe.

Capital starting to rotate back to crypto from AI: Raoul PalReal Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.

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XRP Ledger developers have defended the emergency security patch used to fix a bug capable of creating XRP beyond the network’s fixed supply, saying they could not wait for the network’s usual two-week validator vote without exposing the flaw to attackers.

The fix, released on Sept. 25, came three days after a bug bounty report, and took effect immediately on any server that installed it. It was the first deliberate bypass of the normal amendment process since the system was introduced more than ten years ago, they said. 

“With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security,” XRPL developers said in an X post on Sunday. 

The expedited fix led to questions about XRPL’s level of decentralization. On its website, XRPL claims it is a fully decentralized, public blockchain — a characterization that has been central to arguments that its native token, XRP, is not a security. 

XRPL security fix “raised a lot of questions”Cyber Capital founder Justin Bons said Thursday that marketing XRP to retail investors as decentralized amounted to “straight-up fraud.” He argued that the Sept. 25 emergency release shipped as binaries only, temporarily withheld the source code and pressured operators to upgrade. 

However, XRPL Foundation said the decision to skip the normal amendment process was made jointly by the Foundation, RippleX, core developers and validators after assessing the severity of the bug.

“No single party could make that call alone. Every validator and node operator chooses what software to run, and 3.4.1 only became required through a normal amendment vote with more than 80% validator support for two weeks. Protocol changes still go through amendments,” the foundation said. 

XRP Kuwait, an independent validator operator, also rejected claims that the coordinated upgrades signaled centralized control. 

“We disagree with the claim that operators coordinating an update is, in itself, proof of centralized control,” it said. “Coordination is not the same as control. Independent operators can assess a situation, communicate with one another, and reach the same conclusion without giving up their independence.”

Bug could have minted unlimited XRP The bug was an integer overflow in the XRP Ledger’s payment engine that had been present since 2015, according to the project’s vulnerability disclosure report. 

XRP balances are stored as 64-bit integers with a fixed maximum. When a sum exceeded that maximum, the calculation wrapped to a smaller number instead of failing. 

An attacker could exploit this by creating hundreds of specially priced offers, each asking for a very large amount of XRP, then sending one payment that consumed them all.

The engine would credit each offer owner their full amount but charge the buyer only the tiny wrapped total. The difference would be newly created, spendable XRP.

The attack required deliberately constructed offers and could not be triggered by normal trading activity, according to the report. Developers said they found no evidence that the issue was exploited on any public network. 

Magazine: Ledger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest

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

Developers of the XRP Ledger have addressed concerns surrounding an emergency security patch that was implemented to resolve a critical bug capable of creating XRP beyond the fixed supply. Developers stated that they adopted immediate action as waiting for the network’s usual two-week amendment vote could have risked exposing the vulnerability to potential attackers.

Emergency patch circumvents regular approval processThe patch, released on September 25, followed a bug bounty report submitted three days earlier and was applied instantly to any server that installed it. XRPL developers indicated this marked the first time in over a decade that the amendment process had been intentionally bypassed to protect network safety.

In a statement shared on X, XRPL developers emphasized the security necessity of the move, writing:

With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security.

The swift deployment, however, led to fresh questions regarding the degree of decentralization in the XRP Ledger. Public materials from XRPL have long maintained that the blockchain operates as a fully decentralized, open network. This description has played a key role in ongoing discussions about XRP’s legal status as a non-security token.

Debate over decentralization and transparencyJustin Bons, founder of Cyber Capital, voiced skepticism about these claims, calling the marketing of XRP to retail investors as decentralized “straight-up fraud.” Bons argued that releasing the emergency patch as binary files rather than open source and the quick rollout put pressure on node operators to upgrade.

The XRPL Foundation, which acts as a non-profit steward for the ledger’s development, responded that the decision to implement the emergency fix was taken collectively by the foundation, RippleX, core developers, and validators after jointly assessing the risk posed by the bug.

No single party could make that call alone. Every validator and node operator chooses what software to run, and 3.4.1 only became required through a normal amendment vote with more than 80% validator support for two weeks. Protocol changes still go through amendments.

XRP Kuwait, an independent validator operator, also refuted claims that coordinated action by node operators undermined decentralization. The operator emphasized that consensus and communication do not equate to centralized control, noting that independent operators stayed autonomous throughout the process.

Mini dictionary: XRPL Foundation — An independent non-profit dedicated to supporting the development and stewardship of the XRP Ledger ecosystem, facilitating collaboration among stakeholders and maintaining the open-source codebase.

Details of the critical bug and its mitigationThe bug concerned how XRP balances are stored as 64-bit integers with a fixed upper limit. Summing amounts beyond this cap would cause the total to “wrap around” to a much smaller value instead of returning an error.

An attacker could exploit this flaw by creating hundreds of offers requesting very large quantities of XRP. By sending one well-structured payment, the attacker could trigger all of those offers, crediting offer owners their full amount while the buyer was charged only the tiny wrapped amount, effectively generating new and spendable XRP beyond the intended supply.

The vulnerability could only be exploited through deliberate, specifically crafted offers and was not accessible via standard trading activity. Developers reported finding no evidence that the issue had been exploited on any public XRP network.

XRP Faces a Major October 12 Catalyst as Evernorth Debuts on Nasdaq

The XRP Ledger has fixed a critical security flaw dating back to 2015 that could have allowed attackers to create approximately 18 trillion XRP through a single specially designed transaction, with more than 80% of trusted validators installing the emergency update on September 25.

Summary

XRPL developers fixed a critical payment bug that could create spendable XRP beyond its supply. Researcher Cayden Liao demonstrated approximately 18 trillion XRP could be minted through one crafted transaction. The security team found no evidence that the overflow flaw was exploited on public networks. More than 80% of default validators upgraded to xrpld 3.4.1 on September 25, developers confirmed. A separate Batch validation fix activated October 9 after validators delayed its original planned rollout. The XRP Ledger Foundation and RippleX confirmed the vulnerability in an October 9 disclosure, explaining that an error in the network’s payment engine could have produced spendable XRP beyond its intended 100 billion supply. Developers reproduced the issue during testing and released version 3.4.1 to address it. Their investigation found no evidence that the flaw had been exploited on a public network. Security researcher Cayden Liao and Veria AI received the bug bounty program’s maximum $250,000 reward after reporting the vulnerability and demonstrating its potential effect.

The recent XRP Ledger security fix raised a lot of questions and some misconceptions. Let's clear them up.

1. Was any XRP created?

No. XRP's supply was fixed at 100 billion when the XRP Ledger launched, and no transaction is allowed to create more. This bug was a way around…

— XRP Ledger Foundation (@XRPLF) October 11, 2026 XRP Ledger fixes bug that could create trillions of XRP The vulnerability affected the XRP Ledger’s payment engine, which processes transfers and transactions involving the network’s built-in decentralized exchange.

According to the official disclosure, the problem originated from an integer overflow in software written in 2015. An integer overflow occurs when a calculation produces a number larger than the computer system can represent using the allocated number of bits.

In this case, the payment engine added together XRP amounts associated with multiple offers in the network’s order book. The software used a 64-bit integer to calculate the total amount a buyer owed when completing a payment involving several offers.

Developers discovered that an attacker could create hundreds of specially priced offers and arrange for one payment to consume them. When the calculated total exceeded the integer’s maximum value, the number could wrap around to a much smaller amount. The system would still credit individual sellers with the full XRP amounts specified in their offers, even though the buyer paid only the reduced amount produced by the overflow. The difference would create XRP that had not previously existed.

According to the XRPL Foundation, the resulting cryptocurrency could be transferred to other accounts, traded or sent to exchanges. The report described the potential outcome: “An attacker could have created spendable XRP far beyond the total supply.”

The vulnerability could not be triggered through ordinary trading, according to developers. An attacker would have needed to create several hundred accounts, place unusually priced offers and submit a carefully constructed transaction to process them together. The existing security checks failed because the system’s supply verification used the same type of arithmetic that caused the original error.

Meanwhile, a separate account balance check could be bypassed by distributing the newly created XRP across multiple wallets.

Researcher uncovers potential 18 trillion XRP exploit The vulnerability came to developers’ attention after security researcher Cayden Liao and Veria AI tested the XRP Ledger’s open-source software.

Veria Labs published its findings on October 10, describing how its automated security testing system discovered the issue on September 21. The following day, researchers developed a working proof of concept on a local testing network.

According to the company, the demonstration showed that approximately 18 trillion XRP could be created through one specially designed transaction. The amount was equivalent to roughly 184 times XRP’s intended total supply, based on the researchers’ calculation. The figure describes the results of controlled security testing, not an actual increase in the cryptocurrency’s circulating supply. Liao submitted the vulnerability through the official XRPL bug bounty program on September 22.

RippleX engineers reproduced the problem on a standalone server and confirmed that the newly generated XRP could be spent in a subsequent payment.

The initial report classified the vulnerability as major, but developers raised its severity to critical after confirming the potential consequences. Veria Labs stated that the vulnerability could have placed XRP’s entire market value at risk if attackers had successfully exploited it. The company’s estimate was based on an approximately $94 billion XRP market capitalization at the time.

However, the $94 billion figure represents the researcher’s estimate of potential financial exposure, not confirmed losses. The security team found no evidence of unauthorized XRP creation on public networks. On October 8, Veria AI received the maximum $250,000 bounty for identifying and responsibly disclosing the issue.

RippleX releases emergency fix without normal approval process After confirming the vulnerability, RippleX engineers developed a fix between September 22 and September 23. The patch was incorporated into xrpld version 3.4.1, released on September 25.

According to the official disclosure, developers added checks that prevent the payment engine from accepting calculations exceeding the permitted integer range. The updated software rejects affected calculations and returns an ordinary payment failure instead of creating additional XRP. Engineers strengthened the network’s supply verification by replacing the existing arithmetic with a wider counter designed to detect similar errors. Additional balance calculations were reviewed as a precaution.

However, the decision to deploy the fix introduced an unusual situation for XRP Ledger governance. Normally, changes to transaction processing must pass through the network’s amendment system. An amendment requires support from more than 80% of trusted validators for two consecutive weeks before activation.

For the payment overflow vulnerability, developers decided to apply the fix immediately when validators upgraded their software. The XRPL Foundation explained that the normal process would have exposed the vulnerability while leaving it exploitable during the approval period.

Because the XRP Ledger software is open source, publishing a patch can reveal the location and nature of a vulnerability.

Developers concluded that waiting through the usual amendment process could have created additional security risks. The emergency approach carried a separate concern: validators running different software versions could disagree about how to process a malicious transaction.

In an extreme scenario, the disagreement could temporarily prevent the network from confirming new ledgers. The foundation said the decision was made in consultation with RippleX, validator operators and other XRPL contributors. By September 25, more than 80% of validators on the default Unique Node List had upgraded to version 3.4.1.

The public source code was subsequently released after the immediate security response. The XRPL Foundation’s release records describe version 3.4.1 as an emergency update addressing security-sensitive protocol issues.

XRP Ledger resolves second security flaw before Batch activation The October 9 disclosure covered another vulnerability involving the XRP Ledger’s Batch transaction feature. Batch allows developers to combine up to eight transactions into one operation. The feature supports different execution modes, including arrangements in which every transaction must succeed for the complete operation to be accepted.

During security testing, researchers discovered a validation error involving how individual transactions were packaged inside a Batch. The protocol required each transaction to use a specific field named RawTransaction.

However, the software could accept alternative field names under certain conditions. Investigators found that different server versions might process those incorrectly formatted transactions differently.

According to the XRPL Foundation, the resulting disagreement could interrupt network validation if the feature became active before the problem was corrected. The issue was originally identified during the Sherlock Attackathon and later examined by XRPL Foundation contributor Denis Angell. RippleX engineer Mayukha Vadari determined that the vulnerability created a potential consensus risk between server versions.

Developers responded by introducing the fixBatchV1_2 amendment. The amendment requires every Batch transaction to use the approved field format and rejects incorrectly packaged transactions. Validators temporarily withdrew support for the earlier BatchV1_1 activation schedule while developers completed the correction.

Both fixBatchV1_2 and BatchV1_1 activated on the XRP Ledger mainnet on October 9. The XRP Ledger Batch activation received support from 30 validators, with five opposing the upgrade, according to XRPScan figures included in the verified network report.

Earlier research into the Batch security review detailed the September 25 emergency release and the safeguards required before the feature could activate. The initial version had previously faced security concerns, including transaction authorization issues uncovered during developer reviews.

A separate XRP Ledger security audit in August documented 96 valid vulnerabilities identified during a Sherlock competition covering proposed protocol features.

For the latest Batch vulnerability, the XRPL Foundation confirmed that the affected amendments had not been active on mainnet when the issue was discovered. No user funds were lost, no private keys were compromised and no consensus failure occurred because of that particular flaw. The October 9 activation means servers running older software versions are now amendment blocked and must upgrade to version 3.4.1 or later to remain synchronized.

The XRPL Foundation said it is introducing an additional verification requirement for future software releases: previously reported security issues must be tested again against release candidates before being classified as fixed.

According to the foundation, the procedure will apply to findings from audits, bug bounty programs, AI-assisted security testing and other vulnerability assessments.

Adam Back, the longtime Bitcoin cryptographer whose early work was referenced by Satoshi Nakamoto and who has repeatedly denied speculation that he is Bitcoin’s creator, recently sharpened his critique of Ethereum’s foundational design.

In response to warnings from Ethereum researchers that artificial intelligence could potentially undermine the cryptographic signatures protecting both Bitcoin and Ethereum wallets far sooner than quantum computing threats—possibly in months rather than years—Back highlighted Bitcoin’s Unspent Transaction Output (UTXO) model.

He suggested that Satoshi’s choice reflected a sophisticated grasp of distributed systems and peer-to-peer programming, noting that the UTXO approach treats discrete outputs much like physical cash that is spent and recreated.

In contrast, he described early Ethereum developers as inexperienced and said they rebuilt around what he viewed as a flawed account-based architecture despite prior cautions.

Ethereum’s account model tracks persistent balances and contract state more like a traditional ledger, and researchers have explored optional UTXO-style features in proposals such as EIP-8141, but Back’s comments framed Bitcoin’s design as better suited to avoid certain concurrency and state issues in decentralized networks.

These remarks arrive amid mounting operational and legal pressures on ventures associated with Back, as detailed in a late-September report.

Blockstream, the infrastructure firm he co-founded and where he serves as CEO, was hit by what has been described as 2026’s largest crypto theft. On September 6, attackers exploited a caching flaw in Elements, the software underlying the Liquid Network—a federated Bitcoin sidechain developed by Blockstream for faster, more private transfers of bitcoin.

By minting roughly 4,000 unbacked L-BTC tokens and then redeeming them through an authorized peg-out, the attackers extracted about $319 million in real bitcoin from the federation’s reserves.

They identified themselves via on-chain messages as white-hat researchers, negotiated after a software patch was deployed, and returned approximately 85 percent of the funds, or roughly 3,400 BTC worth about $272 million.

Roughly $47 million remained outstanding, which the attackers treated as a bounty; Blockstream rejected demands for further payment, characterizing the retention as unauthorized withholding rather than responsible disclosure.

The network was temporarily paused, peg operations disrupted, and L-BTC trading suspended at exchanges while recovery continued, leaving a temporary shortfall in backing.

Separately, a high-profile effort to list a Bitcoin treasury vehicle collapsed.

BSTR Holdings, a project promoted by Back that aimed to bring a substantial bitcoin position—originally structured around more than 30,000 BTC plus additional financing—public through a merger with a Cantor Fitzgerald-sponsored SPAC, saw the deal terminated in August 2026.

The unwind triggered a $15 million termination obligation, with staged payments due in September and December.

Market conditions and renegotiation attempts contributed to the failure of the original terms.

A Bitcoin mining operation that Back helped establish and in which he held a minority interest after its spin-off from Blockstream has also faced multiple civil disputes.

Partner entity Exacore, which operates multiple mining sites, has been named in lawsuits alleging unpaid electricity, equipment, and related obligations totaling in the low millions, following significant capital raised through notes and other instruments tied to expected production.

Blockstream has stated it maintains no operational affiliation with Exacore. These developments coincide with the industry’s broader post-boom adjustments, underscoring liquidity, counterparty, and technical risks even for long-established Bitcoin infrastructure players.

After holding the key support near $2250 for two days, Ethereum [ETH] sellers regained the market control, accelerating further downward. The level was the last support holding the structure after the altcoin fell outside the range it had been trading in since the last week of September.

The altcoin’s downward momentum continued before halting near the $2400 support. Bulls then regained momentum, igniting a rebound back above $2500 at $2519. Since then, the upside momentum has stalled near the $2500 mark.

Source: TradingView Meanwhile, the spot volume has been declining dramatically, as weekly ETF outflows still remain high near $542 million, suggesting demand remains weak. Heavy liquidations, dominated by leveraged longs, further accelerated the decline.

Therefore, looking ahead, $2,408 remains critical, as another breakdown below that support could expose $2,350–$2,400.

Conversely, reclaiming $2,560 would signal improving demand and open a recovery toward $2,625, potentially restoring confidence and reducing downside pressure.

ETH Open Interest signals liquidation risk Elsewhere, Ethereum’s price recovery now faces another hurdle. According to Alphractal’s derivatives positioning data, major traders’ confidence is declining.

The 30-day and 180-day open interest deltas are both negative, which represents that long-term open interest for leveraged positions will continue to decrease.

Moreover, the whale-versus-retail delta also remains negative. Therefore, it simply implies that whales are supporting less bearish trading compared to retail buyers.

Source: Alphractal This shift matters because ETH still carries approximately 10.58 million ETH, worth roughly $12.9 billion in total open interest. As such, this represents a significant amount of potential volatility should the price suddenly move.

That aside, the latest reading shows a negative delta near 940,000 ETH according to Alphractal data, reinforcing the scale of positioning pressure.

Consequently, another decline may lead to new liquidation and increased selling. On the other hand, less exposure to sell-offs may reduce volatility when Ethereum becomes stable and traders build their position cautiously.

Bitfinex ETH longs surge Ethereum’s recent sell-off has not stopped every trader from betting on a rebound. However, Bitfinex’ long positions have risen to almost $283,405 with an extreme rise in positive bets for ETH as it tries to bounce back.

The concentration of such positioning indicates that some traders believe the loss will be seen as a buy signal rather than the beginning of larger declines. Still, the bets carry a significant risk since both RSI readings have climbed above 82, indicating extremely stretched momentum.

Source: TradingView If ETH fails to sustain its recovery, these leveraged longs could face pressure to exit, potentially adding fresh selling. Conversely, continued price strength could reward early buyers and encourage further bullish positioning.

The key question is whether actual demand can support this aggressive bet before profit-taking or a reversal undermines it.

Final Summary Ethereum risks further losses below $2,430, with $2,560 key to recovery.

ETH faces liquidation risk as Bitfinex longs surge toward $283,405.

Upbit to list RSR trading pairs with KRW and USDT.

According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.

18 minutes ago

RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.

According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.

18 minutes ago

Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

18 minutes ago

Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.

U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.

18 minutes ago

A certain whale took a 10x short position on ENA, with returns reaching 560%.

According to TradingBeats monitoring, a Hyperliquid whale address 0x45d2…4029 holds approximately 6.416 million ENA short positions, with a position value of around $1.54 million, using 10x full leverage at an average entry price of roughly $0.552. The address is currently sitting on an unrealized profit of about $2 million, translating to a position return of approximately 564.5% based on the initial leverage. This address has held ENA short positions since late September. As of press time, the ENA contract’s mark price is around $0.24, some 56.5% lower than the address’s average entry price.

18 minutes ago

Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.

Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto traders. She noted that integrating relevant transactions into strictly regulated trading platforms is more conducive to investor protection than separate regulation by individual U.S. state laws. On stablecoins and tokenized deposits, Pham said tokenized deposits are more suited for wholesale financial markets. If all trades in a single trading day were settled via real-time atomic settlement on a blockchain, the required cash volume could hit $15 trillion—an amount existing funds cannot support. Banks currently offset counterparties’ receivables and payables through net settlement, so tokenized deposits will play a key role in wholesale markets; stablecoins, by contrast, are better for scenarios where counterparties lack trust and need to mitigate settlement risk. Additionally, Pham projects that over the next two years, the New York Stock Exchange (NYSE) and Nasdaq will begin listing genuine tokenized stocks and generate substantial trading volume. She stressed that real tokenized stocks should retain shareholder rights such as voting power, distinguishing them from synthetic tokens not approved by the issuing company.

18 minutes ago

Starknet’s STRK token gained approximately 322% to 323% over the 30 days leading up to October 11-12, 2026. It left both Bitcoin and Ether well behind over the same window.

The trigger was not a product launch. It was an idea: Starknet is considering leaving Ethereum’s orbit to become its own Layer 1 blockchain.

What drove the rally Starknet currently runs as an Ethereum Layer 2. It processes transactions on its own network, then settles them back on Ethereum for security.

The proposal, unveiled at the Token2049 conference, would cut that cord. Starknet would shift from an Ethereum-settled system to an independent Layer 1 chain. The stated goal is ambitious: to become the first fully quantum-resistant network by 2027.

CEO Eli Ben-Sasson has framed independence as a matter of control. His argument is that running a standalone Layer 1 would let Starknet set its own timelines for security upgrades, especially around post-quantum cryptography. As a Layer 2, the network’s schedule is partly tied to decisions made on Ethereum.

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That pitch landed. On October 9, STRK posted a single-day gain of around 40%. Intraday prices pushed above $0.12.

The numbers behind the move Trading activity followed the price higher. STRK’s 24-hour trading volumes frequently topped several hundred million dollars during the run. Daily decentralized exchange volumes and perpetual futures trading also climbed.

STRK’s market capitalization was reported between $860 million and $888 million in recent snapshots. On October 8, fees hit a seven-day high of $13,685, up about 190% from the week’s low.

Starknet’s DeFi total value locked, or TVL, rose roughly 5% to 7% over a recent stretch slightly shorter than the price rally. It now sits at approximately $168 million.

So the token roughly quadrupled while the money actually parked in its apps grew by single digits.

A long way from the top For all the fireworks, context matters. Even after the surge, STRK remains more than 97% below its all-time high, set in February 2024.

What this means for traders and the Layer 2 landscape The core risk is simple: the Layer 1 shift is still only a proposal. It needs technical work, governance approval and community feedback before anything changes. There is no confirmed launch timeline. For now, Starknet continues to settle on Ethereum.

The divergence between price and usage deserves attention too. STRK’s market cap now sits at several times the network’s DeFi TVL. Traders should watch whether TVL, fees and user activity catch up over the coming weeks.

There is also a bigger strategic question for Ethereum’s scaling ecosystem. A prominent rollup openly weighing independence challenges the model of Layer 2 networks as extensions of Ethereum. If Starknet follows through, it would mean giving up the security guarantees that made Layer 2s attractive in the first place, and persuading validators, developers and capital that a standalone chain is worth the trade.

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

3 hours ago

According to Lookonchain monitoring, a mysterious crypto whale is selling Bitcoin to rebalance its holdings into Ethereum. The whale offloaded 410.14 Bitcoin worth $34.16 million, then bought 14,341 Ethereum on decentralized exchanges (DEX) for $36.14 million.

Source

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US spot Solana (SOL) exchange-traded funds (ETFs) lost $24.8 million in the week ending October 9. It was their largest weekly outflow since launch in October 2025 and ended 14 straight inflow weeks.

Just 2 weeks earlier, the funds drew $188.2 million, their second-biggest week on record. Inflows then slowed to $2.4 million in the week ending October 2.

Solana’s Record Exit Lands in a Red Week for Crypto ETFsAccording to SoSoValue data, the previous weekly record was an $8.9 million outflow in the week ending February 6. Last week’s exit was almost 3 times that size.

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Solana ETF Weekly Flows. Source: SoSoValueBitcoin (BTC) ETFs shed $681.1 million in the same week, while Ethereum (ETH) ETFs lost $542.1 million. Ethereum funds closed the week on a ninth straight outflow day, BeInCrypto reported.

Zcash (ZEC) and Hyperliquid (HYPE) ETFs also posted outflows of $30.7 million and $9.4 million, respectively.

SOL Sees Modest Rise After a 10% SlideNet assets in the Solana funds fell 8.9% over the week, from $1.90 billion to $1.73 billion. The outflow accounts for only about $25 million of that $170 million decline. The rest largely reflects SOL’s price slide over the same period.

SOL fell 10.25% during the trading week before recording modest gains over the weekend. The altcoin traded at $111.53 at press time, up 1.45% over the past 24 hours, according to BeInCrypto Markets data.

Solana (SOL) Price Performance. Source: BeInCrypto MarketsThe next weekly print, covering trading through October 16, will show whether fund buyers returned after the price drop.

XRP ETFs Keep Drawing Money as Other Crypto Funds BleedMeanwhile, spot XRP (XRP) ETFs moved in the opposite direction, drawing $11.3 million over the same week. The inflow extended their streak to 13 consecutive weeks.

Their last outflow week ended July 10. In contrast, other major ETFs all posted net outflows last week.

The buying held up even as XRP fell 8.2% during the week. Cumulative net inflows into XRP ETFs reached a record $1.80 billion. Net assets, however, stood lower at $1.57 billion.

Even so, Solana and XRP ETFs have each drawn more net money in 2026 than spot Bitcoin ETFs. Since January 1, Solana funds have attracted $816.8 million and XRP funds $635.5 million, against $494.1 million for Bitcoin.

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MAJURO, Marshall Islands, Oct. 11, 2026 (GLOBE NEWSWIRE) -- Remittix has confirmed November 24, 2026 as the scheduled market-launch date for RTX, placing a defined deadline on the final phase of a presale that has raised more than $32 million.

The announcement gives over 40,000 participants a clear transition from presale access to public trading. It also follows the opening of Remittix PayFi testing to 1,000 invited holders, connecting the token countdown with a live product milestone.

The launch schedule arrives as Ethereum price prediction forecasts explore $12,000 and Cardano’s tokenized-equity push revives the long-term $1 ADA debate. Remittix enters that institutional adoption narrative from an earlier position, combining a confirmed debut with crypto-to-bank utility, active products and a limited remaining presale allocation.

November 24 Becomes the Defining RTX Catalyst

The scheduled launch date turns the Remittix roadmap into a time-bound market event. RTX is currently priced at $0.23, while the project has set $0.46 as the final presale price and planned minimum exchange launch price.

Remittix is moving toward its $36 million hard cap after crossing $32 million. The final allocation now sits between the current stage and public-market price discovery, creating a narrowing opportunity for buyers seeking access before exchange trading begins.

Product testing adds substance to that countdown. One thousand invited holders can use EUR and USD PayFi routes while Remittix prepares further currencies, supported assets and networks for broader availability.

Remittix Is Launching a Complete Crypto-Finance Hub

The Remittix platform is designed to bring payments, storage, trading and earning into one connected experience. PayFi forms the practical settlement layer, enabling eligible users to fund payments with supported crypto while recipients receive fiat through compatible bank accounts.

The iOS wallet has surpassed 10,000 downloads, and the Android version is awaiting approval. Remittix Markets is live with hundreds of perpetual trading pairs and has processed more than $50 million in volume across thousands of active traders.

Remittix Earn is approaching release with advertised yields of up to 22% APY on eligible assets. The planned wallet rebuild will connect PayFi, Markets and Earn, positioning the application as a single destination for managing, moving, trading and growing digital assets.

Ethereum Price Prediction Eyes $12,000 as Cardano Targets $1

Ethereum recently traded near $2,500. Reaching $12,000 would require an increase of approximately 380%, placing that Ethereum price prediction inside a powerful institutional bull scenario driven by staking, stablecoins, tokenized assets, exchange-traded products and growing settlement demand.

Cardano has introduced a different institutional catalyst. The Cardano Foundation spun out its Veridian identity unit, which tokenized one million shares using Cardano’s new programmable-token standard.

The development strengthens Cardano’s real-world-asset narrative and gives the $1 ADA forecast another long-term adoption angle. Remittix targets the consumer-facing side of that transformation by helping digital value move into familiar banking channels.

A Fixed Launch Date Could Concentrate Demand

November 24 will bring Remittix’s token, payment platform, live trading venue, wallet community and upcoming earning product into one public-market narrative. Few new crypto projects approach launch with that breadth of ecosystem activity already visible.

As the hard cap draws closer, the current $0.23 stage and announced $0.46 final price create a measurable route toward launch. The date is locked, the platform is being tested and the remaining opportunity exists only before RTX enters open-market trading.

About Remittix

Remittix is building a connected PayFi and digital-asset ecosystem focused on crypto-to-bank and bank-to-crypto payments. Its products include Remittix Markets, a mobile wallet and the forthcoming Remittix Earn service.

Website: https://remittix.io
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Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

9 minutes ago

Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.

U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.

9 minutes ago

A certain whale took a 10x short position on ENA, with returns reaching 560%.

According to TradingBeats monitoring, a Hyperliquid whale address 0x45d2…4029 holds approximately 6.416 million ENA short positions, with a position value of around $1.54 million, using 10x full leverage at an average entry price of roughly $0.552. The address is currently sitting on an unrealized profit of about $2 million, translating to a position return of approximately 564.5% based on the initial leverage. This address has held ENA short positions since late September. As of press time, the ENA contract’s mark price is around $0.24, some 56.5% lower than the address’s average entry price.

9 minutes ago

Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.

Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto traders. She noted that integrating relevant transactions into strictly regulated trading platforms is more conducive to investor protection than separate regulation by individual U.S. state laws. On stablecoins and tokenized deposits, Pham said tokenized deposits are more suited for wholesale financial markets. If all trades in a single trading day were settled via real-time atomic settlement on a blockchain, the required cash volume could hit $15 trillion—an amount existing funds cannot support. Banks currently offset counterparties’ receivables and payables through net settlement, so tokenized deposits will play a key role in wholesale markets; stablecoins, by contrast, are better for scenarios where counterparties lack trust and need to mitigate settlement risk. Additionally, Pham projects that over the next two years, the New York Stock Exchange (NYSE) and Nasdaq will begin listing genuine tokenized stocks and generate substantial trading volume. She stressed that real tokenized stocks should retain shareholder rights such as voting power, distinguishing them from synthetic tokens not approved by the issuing company.

9 minutes ago

Fudan University's Qiu Xipeng team raises over RMB 1 billion in funding, plans to build an AI assistant similar to the one in the movie *Her*

Beating AI News (Dongcha) — Mosi Intelligence, founded by Fudan University professor Qiu Xipeng, announced the completion of over RMB 1 billion in Pre-A round financing, led by Huake Fund, with participation from Guokai Science and Technology Innovation and Shanghai Science and Technology Innovation Fund, among others. Founded at the end of 2024, the company is led by Li Shimin, a student of Qiu Xipeng, as its CEO. The proceeds from this round will be used for research and development of full-modal real-time interactive technology and global commercialization. Mosi aims to build AI that not only understands human speech but also grasps users' emotions and surrounding context. For example, if a user says "It's a bit cold" in a car, the AI will adjust the air conditioning based on in-vehicle temperature, the speaker's identity, and past preferences. It also needs to know when to respond and when to remain silent. Technically, the team has open-sourced models including MOSS-Audio and MOSS-VL-Realtime. The former can analyze emotions in speech, identify different speakers, and recognize ambient sounds. The latter can continuously process video, answer questions in real time while viewing, and revise responses based on changes in the visual feed. Currently, Mosi is integrating voice, vision, memory, and tool calling capabilities into the MOSS Live real-time interaction system, targeting use cases such as smart cockpits and AI hardware. The company said it has already delivered products to some enterprise clients, with a long-term goal of building an AI assistant like the one in the movie *Her*, capable of continuously understanding the user's context.

9 minutes ago

Hong Kong, China will list its second spot Solana ETF on October 13.

According to official announcements from Solana, Hong Kong will launch its second spot Solana ETF. The Pando Solana ETF (2831.HK) is scheduled to list on the Hong Kong Stock Exchange on October 13. Solana noted that the total net asset value of global spot SOL ETFs currently stands at $1.9 billion, with cumulative net inflows reaching $1.61 billion.

9 minutes ago

Chainlink will assemble more than 35 senior finance executives in New York City for its Link conference on October 29, 2026, placing a spotlight on the convergence of digital assets, blockchain infrastructure, and artificial intelligence within the global financial sector.

Top Institutions to Discuss Blockchain and Digital FinanceThe event is expected to feature speakers from major organizations such as the Depository Trust & Clearing Corporation (DTCC), the Commodity Futures Trading Commission (CFTC), Swift, Intercontinental Exchange (ICE), Fidelity, Citi, Morgan Stanley, Bank of America, Wells Fargo, Deutsche Börse, Robinhood, and Apex Group.

This assembly highlights the growing momentum behind institutional engagement with blockchain technology and onchain markets. Discussions are set to address tokenization of assets, digital settlement systems, and the broader future of financial infrastructure in an AI-driven, always-on economy.

Participants will explore how legacy institutions are positioning themselves in a rapidly evolving ecosystem. However, organizers advised that the presence of industry leaders at the event should not be interpreted as confirmation of new partnerships or imminent business agreements.

Chainlink’s Expanding Role in Institutional Blockchain AdoptionChainlink offers infrastructure that enables blockchain applications to interact with real-world data and external networks, primarily through oracle services and interoperability solutions. These features allow for secure smart contract automation, reliable access to market data, and cross-chain interoperability.

Financial institutions monitoring the shift toward blockchain-driven systems are seeking dependable data connections and integration tools. Chainlink’s technology is designed to address these needs, supporting functions such as tokenized asset management and automated financial operations.

Link’s significance lies not just in its speaker roster, but in whether new integrations or adoption by these leading institutions emerge following the discussions.

As digital assets and onchain activity accelerate, many market participants are seeking tools to streamline their trading and analysis workflow. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, switching between multiple apps for charts, news, and portfolio management often leads to lost opportunities. Smart traders are now utilizing privacy-first platforms like CryptoAppsy, which allow users to consolidate real-time charts, price alerts, coin-specific news, and macroeconomic data without the need for an account, all on a single dashboard.

LINK Price Eyes Recovery: Key Technical LevelsMarket attention is turning to LINK’s price trajectory, as technical analyst Giannis Andreou has outlined a potential recovery scenario. According to Andreou, the $12.40–$12.70 range represents key support for LINK, and holding this level is critical for further bullish momentum.

If LINK maintains this support and then reclaims resistance at $13.80, a path toward higher resistance zones at $14.20–$14.70 and possibly to former highs between $15.30 and $15.80 could open. Andreou has also identified the upper boundary near $18.40 as a potential target if bullish momentum continues.

Andreou’s technical setup becomes invalid if the LINK price moves below $12, making confirmation by price action essential as downside risks remain significant.

Traders are advised to watch for price confirmations at each resistance level, as breaking above $14.20 and $15.80 could trigger further upside. On the contrary, a failure to defend the $12 support would suggest renewed bearish pressure for LINK.

The upcoming Link conference will provide insights into the priorities of major financial institutions and the future of digital finance, though its direct influence on LINK’s price will depend on concrete developments such as institutional adoption and integrations.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Major altcoins including XRP, Zcash (ZEC), Hyperliquid (HYPE), and Shiba Inu (SHIB) are trading near critical support levels after experiencing sharp downturns from their late-September highs. Traders and investors are watching closely to see if buyers can defend these zones and revive bullish momentum in the coming sessions.

XRP struggles to recover amid weak volumeXRP is changing hands near $1.395 following a steep decline from its recent high of $1.66 reached in late September. The coin briefly dropped to $1.32 during a sell-off in early October before recovering modestly. Despite this rebound, trading volume remains subdued, and the short-term trend continues to tilt downward.

Technical indicators suggest that XRP is hovering just below its 50-day moving average near $1.40, while the long-term average at $1.34 sits just underneath. Price has previously found support at this level. Market participants view $1.35 as a crucial threshold; maintaining it could reinforce the ongoing recovery, while a close below would increase downward pressure.

Immediate support levels lie at $1.35 and $1.32, with deeper backup near $1.25—the zone that fueled the August rally. Resistance can be found at $1.45 and the $1.50 mark, where sellers intervened several times in the past few weeks.

XRP needs to sustain a close above $1.45, paired with rising trading volumes, for the recovery to gain traction. Should this occur, the next target is $1.50, and breaking that could pave the way toward $1.60. Conversely, a close below $1.35 would likely send price toward $1.32 or possibly $1.25.

CoinCurrent PriceMain SupportKey ResistanceXRP$1.395$1.35, $1.32, $1.25$1.45, $1.50, $1.60ZEC$1,236$1,190, $1,100, $1,000$1,300, $1,400, $1,500HYPE$85.24$83, $78, $74$88, $92, $98SHIB$0.00000542$0.00000530, $0.00000510, $0.00000470-$0.00000450$0.00000560, $0.00000580, $0.00000600Zcash holds above $1,190 after sharp correctionZcash, a privacy-focused cryptocurrency that offers shielded transactions, is currently priced near $1,236 after a marked retreat from its high of $1,700 in late September. The token stabilized after bouncing from the $1,190 level and remains above its long-term average near $750, reflecting the strength of the earlier rally that began in August.

Despite its broader uptrend, ZEC’s short-term momentum is fading as it struggles beneath recent swing highs. Key support sits at $1,190 and, if breached, the next target would be $1,100 followed by the psychologically significant $1,000 mark. On the upside, resistance emerges at $1,300, while the $1,350 and $1,400 levels could limit gains in the short-term.

A successful daily close above $1,300, coupled with an increase in trading activity, would reinforce buyer confidence and could set the stage for a move toward $1,400 or even a retest of the late-September highs near $1,700. Otherwise, prolonged weakness below $1,190 may signal the rally is losing momentum. As market participation thins, a convincing directional move will likely require a substantial rise in trading volume.

Mini dictionary: Zcash (ZEC), launched in 2016, employs zero-knowledge proofs to allow fully private transactions, giving users the option to shield both sender and recipient details as well as transaction amounts.

Hyperliquid and Shiba Inu remain rangeboundHyperliquid (HYPE), a decentralized derivatives protocol token, is trading around $85.24, having slipped from its late-September peak of $98. The coin rebounded slightly after testing support near $83 and now trades just above its short-term moving average of $84 but remains under the resistance area at $88. The longer-term trajectory remains positive, as HYPE sits well above its principal moving averages at $64 and $76.

Key levels to watch for HYPE include support at $83, with additional backup at $78 and $74. Should HYPE succeed in closing above $88 with robust volume, it would target $92, while clearing $95 could challenge the previous high at $98. A decisive drop below $83, however, threatens to send the token down to $78 or lower.

Shiba Inu (SHIB) continues to hover below its long-term average of $0.00000560, pointing to a prevailing weak trend. The token is currently priced at $0.00000542, with buyers defending the $0.00000530 level. Immediate support remains at $0.00000530 and $0.00000510, while resistance can be found at $0.00000560 and again at $0.00000580. Clearance above $0.00000560 would indicate improving bullish momentum, with targets set at $0.00000580 and $0.00000600. Dropping below $0.00000510 would expose the support zone down to $0.00000470 and $0.00000450, which marked previous summer lows.

For HYPE and SHIB, the price action over the next few sessions will determine whether current support holds. A decisive break out of their respective trading ranges is needed to establish a clearer direction for both tokens.

Fudan University's Qiu Xipeng team raises over RMB 1 billion in funding, plans to build an AI assistant similar to the one in the movie *Her*

Beating AI News (Dongcha) — Mosi Intelligence, founded by Fudan University professor Qiu Xipeng, announced the completion of over RMB 1 billion in Pre-A round financing, led by Huake Fund, with participation from Guokai Science and Technology Innovation and Shanghai Science and Technology Innovation Fund, among others. Founded at the end of 2024, the company is led by Li Shimin, a student of Qiu Xipeng, as its CEO. The proceeds from this round will be used for research and development of full-modal real-time interactive technology and global commercialization. Mosi aims to build AI that not only understands human speech but also grasps users' emotions and surrounding context. For example, if a user says "It's a bit cold" in a car, the AI will adjust the air conditioning based on in-vehicle temperature, the speaker's identity, and past preferences. It also needs to know when to respond and when to remain silent. Technically, the team has open-sourced models including MOSS-Audio and MOSS-VL-Realtime. The former can analyze emotions in speech, identify different speakers, and recognize ambient sounds. The latter can continuously process video, answer questions in real time while viewing, and revise responses based on changes in the visual feed. Currently, Mosi is integrating voice, vision, memory, and tool calling capabilities into the MOSS Live real-time interaction system, targeting use cases such as smart cockpits and AI hardware. The company said it has already delivered products to some enterprise clients, with a long-term goal of building an AI assistant like the one in the movie *Her*, capable of continuously understanding the user's context.

4 minutes ago

Hong Kong, China will list its second spot Solana ETF on October 13.

According to official announcements from Solana, Hong Kong will launch its second spot Solana ETF. The Pando Solana ETF (2831.HK) is scheduled to list on the Hong Kong Stock Exchange on October 13. Solana noted that the total net asset value of global spot SOL ETFs currently stands at $1.9 billion, with cumulative net inflows reaching $1.61 billion.

4 minutes ago

Blockchain firm Wuwen Xinqiong secures 2.3 billion yuan in Series C funding, with no plans to build data centers.

Beating AI Express News: Tsinghua-backed AI infrastructure firm Wuwei Xinqiong has secured 2.3 billion yuan in Series C financing, bringing its total funding to 4.3 billion yuan. Founded in 2023, Wuwei Xinqiong does not develop chips or build its own data centers. Instead, it integrates computing power from chips including Huawei Ascend, NVIDIA, and AMD via software, offering large language model (LLM) training and inference services to clients. Developers can also directly call models through APIs without self-deployment. Bloomberg reported on October 1, citing people familiar with the matter, that Wuwei Xinqiong has secretly submitted an IPO application to the Hong Kong Stock Exchange, with an expected listing as early as the first half of 2027. Its pre-IPO valuation is said to be around 14.3 billion yuan.

4 minutes ago

Bank of Korea Governor apologizes for insufficient risk warnings on single-stock leveraged ETFs

Bank of Korea Governor Rhee Chang-yong said on the 12th at the National Assembly’s Finance and Economy Committee state audit meeting: “We failed to issue sufficient warnings about single-stock leveraged ETFs, and we apologize to the public for this. At the end of May, I did not fully grasp the volatility in South Korea’s domestic stock market and the memory chip sector.” Additionally, regarding the Bank of Korea’s June Financial Stability Report, which had judged that single-stock leveraged ETFs “are expected to prevent domestic investment funds from flowing overseas and help expand foreign capital inflows,” Rhee also admitted the judgment was wrong, stating: “In hindsight, this assessment was inappropriate.”

4 minutes ago

The cross-chain interoperability sector has rallied sharply, with W leading the gains, followed by ZRO, AXL, STG and others.

According to HTX market data, tokens in the cross-chain interoperability sector have rallied sharply, with Wormhole (W) leading the surge, gaining over 60% in 24 hours and briefly breaking $0.03. LayerZero (ZRO) also strengthened, surpassing $2.2 with a 24-hour increase of more than 12%. Axelar (AXL) crossed $0.06, rising 9.7% in 24 hours; Stargate (STG) broke $0.2, up 23.7% in 24 hours. On the news front: Wormhole is advancing W 2.0 tokenomics, introducing reserves, staking yields and a bi-weekly unlock mechanism, and has completed multi-chain deployments for Hyperliquid HYPE as well as institutional-grade integrations including Ripple RLUSD. LayerZero has seen a sharp recent growth in TVL, launched the Bridge Sentinel security solution in partnership with Blockaid, and completed the integration of Stargate (STG) tokens into the ZRO ecosystem while carrying out ongoing buybacks. Axelar is expanding multi-chain connections, actively participating in the XRP ecosystem as a bridge for the XRPL EVM sidechain. Stargate is finalizing its token merger and migration to the LayerZero ecosystem, with multiple major trading platforms supporting STG-to-ZRO conversions.

4 minutes ago

Analysis: Bitcoin closes above $83,000 on the weekly chart, bulls remain in control

Benjamin Cowen, founder of crypto market research platform ITC, posted that Bitcoin closing above $83,000 on its weekly chart signals bulls remain in control, while bears need to prove they have taken over market dominance. Cowen noted that based on his past experience, employing the dollar-cost averaging (DCA) strategy in the second half of U.S. midterm election years is a prudent move; this strategy worked in 2018 and 2022, and he hopes it will hold true in 2026.

4 minutes ago