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.
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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.
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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.
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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.”
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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.
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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.
Avalanche’s native token has had a very good month. AVAX climbed 49.7% over four weeks, according to The Defiant, leaving both Bitcoin and Ether behind over the same stretch.
From the low sevens to nearly eleven In mid-September 2026, AVAX was trading in a range of roughly $7.20 to $7.50. By the October 3 to 11 window, it had moved to a range of around $10.80 to $11.00.
As of October 11, the token sat between $10.85 and $10.95. That price puts Avalanche’s market capitalization at close to $4.8 billion.
Helicon and the RWA land grab The first catalyst arrived on September 22, 2026, when the Helicon upgrade went live on Avalanche’s mainnet. The update was pitched as a meaningful performance boost, with claims of block verification running up to 100x faster.
Helicon did more than tune the engine. It also shortened staking periods, which means people locking up AVAX to help secure the network do not have to commit their tokens for as long.
The upgrade also included changes aimed at reducing AVAX issuance over time.
The second catalyst came from real-world assets, or RWAs. These are traditional financial instruments, such as stocks or funds, represented as tokens on a blockchain so they can be traded and settled onchain.
In the 30 days through September 29, Avalanche added $266 million in RWA market capitalization. That was the largest 30-day gain among tracked chains, and more than the combined growth of its closest competitors.
Tokenized equities played a big role in that jump. In the week before the RWA growth figures were reported, inflows into tokenized stocks on the network reached $131.2 million.
The institutional angle Recent institutional developments include integrations involving Goldman Sachs and testing tied to ICE and the New York Stock Exchange for tokenized assets.
There has also been discussion around exchange-traded fund inflows into AVAX products.
A long way from the top Even after a nearly 50% climb, AVAX remains approximately 92% below its all-time high of around $145, set in November 2021.
What to watch What to watch next: whether RWA inflows sustain their late-September pace, whether Helicon’s speed claims hold up under real-world load, and whether ETF-related demand for AVAX products turns from discussion into measurable flows.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Solana has emerged as a significant player in the tokenized equities market, capturing 65% of the volume in this sector yesterday. This substantial share is 85% more than the combined volume handled by all other blockchain networks, according to data from @SolanaFloor. This development underscores Solana’s growing dominance in the on-chain equities space, which saw a total volume of approximately $15.6 billion globally last month. Solana’s one-day performance reflects its increasing foothold, following a trend where it has regularly captured a significant portion of the market.
Key Takeaways Solana appears to have strengthened its position in the tokenized equities market, achieving a 65% share of volume. This performance suggests that market participants may view Solana as increasingly integral to the on-chain equities ecosystem. The recent data is consistent with scenarios where Solana’s market influence continues to grow, potentially impacting its price predictions. What to Watch Observers should monitor further developments in Solana’s integration with financial institutions and any regulatory changes that may affect its market operations. Key indicators include announcements from the SEC regarding spot-SOL ETFs, as well as updates from major partners like Fiserv and Samsung. These factors could influence the likelihood of Solana reaching specific price thresholds in October, such as the $190 mark.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 0.9% — — View market → November 1 2026 11.5% — — View market → November 1 2026 11% — — View market → November 1 2026 5.1% — — View market → November 1 2026 0.5% — — View market → November 1 2026 0.5% — — View market → November 1 2026 2.1% — — View market →
Solana handled 65% of all tokenized equities trading volume in a single day this week. That share works out to 85% more than every other blockchain combined.
Two-thirds of the on-chain stock market
Tokenized equities are blockchain-based tokens that track the price of real stocks. They can change hands at any hour, settle quickly, and plug into decentralized exchanges (DEXs), trading venues run by code rather than a central operator.
A year of record-setting numbers
In Q2 2026, Solana captured 95-97% of global DEX tokenized equity volume. Trading on Solana DEXs alone reached $5.8 billion in that quarter, up 114% from the prior quarter.
The busiest single day came on June 24, when volume peaked at $644 million.
Cumulative tokenized stock volume on the network passed $10 billion by late June 2026. By early October, year-to-date DEX volume had reached $12.4 billion.
On September 12, 2026, Solana processed over $200 million in tokenized equity trading volume, beating the combined tokenized equity volume tied to Nasdaq and NYSE by more than $100 million.
Raydium, a major Solana-based DEX, facilitated a large chunk of those trades. It handled between 63% and 70% of the activity.
Tokenized equity supply on Solana hit an all-time high of $684 million by mid-September 2026, up 47% in just three weeks.
Holder counts reached somewhere between 727,000 and 850,000 wallets.
Trading while Wall Street sleeps
Through August 2026, 63% of Solana’s tokenized equity trading happened outside standard US market hours.
Recent weekly volumes across all chains approached $3 billion.
The competition has arrived
As late September approached, competition picked up and Solana’s market share dropped to around 35%. Robinhood Chain overtook it during that period with roughly 39% of the market.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Tether has reversed restrictions on four THORChain vaults on TRON, restoring access to approximately $1.45 million in USDT for users after a freeze that lasted around three hours.
The brief restriction took place on October 9 and temporarily blocked access to USDT within affected vaults on the THORChain network, disrupting a cross-chain trading route relied upon by some traders and liquidity providers. The block did not result in any loss of funds, as vault balances remained fully intact after the freeze was lifted.
THORChain, a decentralized protocol enabling cross-chain swaps, had to pause TRON trading, deposit operations, and transaction signing due to the freeze. These activities resumed soon after Tether removed the relevant addresses from its blacklist, while 19 additional addresses targeted by the same restriction remain blocked.
Chad Barraford, technical co-founder of THORChain, explained that the team received no prior communication or explanation for the freeze. Barraford stated that the protocol directly reached out to Tether during the incident, seeking clarification and expressing hope that the situation was a misunderstanding.
Chad Barraford, technical co-founder of THORChain, said the project did not receive advance warning about the USDT freeze and immediately contacted Tether for clarity, describing the resolution as a return to normal operations without broader implications for the protocol’s liquidity.
The restored access applies to only those four THORChain vaults. Other addresses blacklisted in the same operation, which remain constrained, do not benefit from this reversal. Thus, the underlying mechanism enabling centrally issued stablecoins to restrict wallet use persists for the affected wallets.
For users, the primary impact was the short-term suspension of trading and liquidity services on the THORChain protocol. The restored balances once again became accessible, ensuring platform functionality for those utilizing the unfrozen vaults.
Mini dictionary: THORChain is a decentralized liquidity protocol that facilitates cross-chain exchanges of digital assets without intermediaries, allowing users to swap cryptocurrencies directly between different blockchains such as Bitcoin, Ethereum, and TRON.
Regulatory context and Tether’s wallet controlsTether, the issuer of the largest US dollar-pegged stablecoin in circulation, maintains control over USDT at the smart contract level. The company can freeze or unfreeze specific wallet addresses, typically in response to law enforcement requests or security incidents. In December 2023, Tether announced expanded freezing policies targeting wallets linked to sanctioned individuals or suspicious activity.
The operational pause on THORChain highlighted the dependency that even decentralized projects have on actions by entities controlling major stablecoin infrastructure. Decentralized exchanges or protocols must still account for the centralized authority embedded in these tokens, which can impact continuous access to liquidity or transactional capability if an address is blacklisted.
TRON’s rising USDT supply and market impactThe interruption and restoration of $1.45 million in USDT needs to be viewed within the broader context of the expanding USDT supply on the TRON network. According to data from research firm Lookonchain, the annual increase for USDT supply on TRON amounts to $18.67 billion, bringing the total to $94.25 billion—a growth rate of roughly 24.7%.
MetricValueUSDT released (THORChain vaults)$1.45 millionTotal USDT on TRON$94.25 billionAnnual USDT supply growth on TRON$18.67 billion (24.7%)Proportion of release vs. network supply0.0015%While the vault unfreeze helped restore protocol-specific activity, the sum involved represents only a fraction—around 0.0015%—of the overall USDT liquidity on TRON. Existing tokens held in the vaults did not constitute new issuance or net inflow to the stablecoin’s total supply. The event’s significance was largely operational for platform users.
The reopening of THORChain vaults did not indicate fresh capital entering the crypto market, but simply allowed already-issued USDT to become accessible for routine trading and liquidity provision.
The dominance of USDT compared to the broader cryptocurrency market temporarily retreated from a resistance zone noted in September. Still, market observers cautioned that this metric does not reliably predict flows into other cryptocurrencies, as total supply changes can result from a variety of user behaviors including transfers, collateralization, or platform migration.
At the time of the update, the remaining 19 addresses subject to the original restriction remained frozen, and neither Tether nor THORChain publicly disclosed further details regarding the criteria or communication behind the freeze.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP (XRP): Trading near $1.395 after falling from a late-September high near $1.66, with a weak bounce and low volume. Holding $1.35 is key, and a close above $1.45 would strengthen the recovery, while a close below $1.35 would point toward $1.32 or lower.Zcash (ZEC): Trading near $1,236 after a steep drop from a late-September high near $1,700, and holding above $1,190 support even though the longer-term trend is still up. A close above $1,300 would favor buyers, while a break below $1,190 could open the way toward $1,100.Hyperliquid (HYPE): Trading near $85.24 after falling from a late-September peak near $98, and testing $83 support. A close above $88 would strengthen the bounce, while a close below $83 could push it toward $78.Shiba Inu (SHIB): Trading near $0.00000542, below its long-term average near $0.00000560, with buyers defending the $0.00000530 area. A close above $0.00000560 would shift momentum back to buyers, while a close below $0.00000510 could lead toward the $0.00000450 to $0.00000470 range.Can XRP Buyers Hold $1.35?XRP is trading near $1.395 after a sharp drop from its late-September high near $1.66. The coin fell hard on October 6 and 7, then found support near $1.32. Buyers have pushed it back up, but the bounce is weak so far. The main trend still leans down.
XRP sits just under the 50-day average near $1.40, and the long-term average near $1.34 is right below. Price has bounced off that line before, so it matters. Volume has been low in the past couple of sessions, which means the market lacks conviction.
Support sits at $1.35 and then at $1.32, the recent low. A deeper level is near $1.25, where the August rally started. Resistance is at $1.45, followed by the $1.50 zone, where sellers stepped in twice in late September and early October.
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If XRP closes above $1.45 with rising volume, the bounce gains strength. The next target is $1.50, and a clean break above it could open the way toward $1.60. Holding $1.35 on any pullback would support this view.
If XRP closes below $1.35, the bounce fails. The next stop is $1.32, and a break below that could send price toward $1.25. Losing $1.25 would weaken the bullish trend from the summer.
Zcash (ZEC) Price Analysis: Can Buyers Defend $1,200?Zcash is trading near $1,236 after a steep fall from its late-September high near $1,700. The drop was sharp, but the coin has stopped falling for now. It bounced from about $1,190 on October 10 and is holding above that level.
The larger trend is still up. ZEC stays far above its long-term average near $750, and that gap shows how strong the rally has been since August. The short-term trend has turned weaker, though, because price is now below the recent swing highs.
ZEC/USDT Chart by TradingViewSupport sits at $1,190, the level tested this week. Below that, the next zone is $1,100, where a deeper wick formed. Resistance is at $1,300, which matches the short-term average. Above that, the $1,350 area and the old breakdown zone near $1,400 are the next hurdles.
If ZEC closes above $1,300 with strong volume, buyers regain control. The next target is $1,400, and a move above $1,500 could bring back the late-September highs. Holding $1,190 on any dip would support this view.
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If ZEC closes below $1,190, the bounce fails. The next stop is $1,100, and a break below that could send price toward $1,000. Losing the $1,000 area could signal that the rally has lost its footing.
Volume has been light, so a clean move in either direction will likely need a bigger push in trading activity.
Hyperliquid Tumbles DownHyperliquid and Shiba Inu have both dropped from their late-September highs, but their charts tell different stories. HYPE trades near $85.24, while SHIB sits near $0.00000542. Both coins are testing support, so the next couple of sessions matter.
HYPE/USDT Chart by TradingViewHYPE peaked near $98 in late September and then fell to about $83. It has bounced slightly and now trades near $85. Price sits just above the short-term average near $84 and below the $88 area. The longer-term trend stays up, since HYPE remains well above its main averages near $64 and $76.
Support is at $83, the recent low, followed by $78 to $80, where the September breakout started. Resistance is at $88, then the $92 area, where sellers stepped in twice in early October.
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If HYPE closes above $88 with strong volume, the bounce gains strength. The next target is $92, and a move above $95 might test the late-September high near $98.
If HYPE closes below $83, the bounce fails. The next stop is $78, and losing that level could push price toward $74.
Shiba Inu's Wider TrendSHIB is still trading below its long-term average near $0.00000560, which keeps the wider trend weak. Price has held above $0.00000530 in the past few sessions, though, so buyers are defending that area. Support sits at $0.00000530, then $0.00000510, where a deeper wick formed on October 6. Resistance is at $0.00000560, followed by $0.00000580.
SHIB/USDT Chart by TradingViewIf SHIB closes above $0.00000560, the trend shifts back in buyers' favor. The next target is $0.00000580, and a push above $0.00000600 might retest the late-September high.
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If SHIB closes below $0.00000510, the support zone fails. The next stop is the $0.00000470 to $0.00000450 area, where the summer lows formed.
For HYPE, watch whether it can hold $83 and reclaim $88. For SHIB, watch whether it can close above $0.00000560. Until either coin breaks its range, both are likely to stay in a tight, cautious pattern.
Stablecoins cannot be assumed to hold their par value and may be unsuitable for settling large wholesale transactions, Monetary Authority of Singapore managing director Chia Der Jiun said in a keynote at the INSEAD Digital Finance & Agentic AI Summit on October 9.
Chia drew a distinction between commercial bank deposits and stablecoins. Deposits maintain value parity because they can be exchanged at par for central bank reserve money, he said, adding that "this is not a given for stablecoins." Confidence in a stablecoin's ability to hold par "must instead be achieved primarily through transparency and adequacy of reserve assets," and "there may be limits to their suitability for settling large wholesale transactions."
He also pointed to the policy questions that follow if the sector keeps growing. "Should some stablecoins become systemically important, the need to anchor value stability of these coins increases," Chia said, noting that there have been discussions and proposals for additional regulatory requirements and for giving such issuers access to central bank reserves. He did not say whether MAS supports reserve access.
The remarks place stablecoins below deposit tokens and central bank money in MAS's view of how tokenised markets should settle. Chia said deposit tokens are likely to find acceptance in banking use cases such as cash management, while stablecoins "may find wider adoption on crypto exchanges and in fintech payments." He said that as private digital money scales, "CBDCs will ultimately be needed to anchor monetary stability."
MAS has been building that layer. A wholesale Singapore dollar CBDC has been available through the SGD Testnet since 2025, when DBS, OCBC and UOB completed the first live trial settling overnight interbank loans with it. Chia said MAS is now moving to settle tokenised MAS Bills with the wholesale CBDC, a trial first announced last November.
The speech lands while MAS is still writing stablecoins into law. Its consultation on amendments to the Payment Services Act, published on September 1 and closing on October 16, would require licensed issuers to hold reserves at least equal to the par value of coins in circulation and to redeem at par. It also proposes letting MAS recognise a limited number of foreign stablecoins from equivalent regimes and exempt some multi-jurisdictional issuance arrangements from local incorporation and reserve requirements.
Chia's comments do not change those proposals, but they indicate how far MAS expects regulated stablecoins to reach. The regulator is writing rules to make them safe for retail and crypto-market use, while keeping wholesale settlement anchored in bank and central bank money.
PANews reported on October 12 that, according to SoSoValue data, the crypto market was mixed across sectors. The Layer 2 sector rose 6.62% over 24 hours, with Starknet (STRK) up 111.53%, while Optimism (OP), Celestia (TIA) and zkSync (ZK) gained 15.45%, 20.38% and 34.23%, respectively. Meanwhile, the DePIN sector rose 6.24%, with Grass (GRASS) up 49.41% and Filecoin (FIL) up 13.91%.
In addition, Bitcoin (BTC) rose 1.43% to break above $83,000, and Ethereum (ETH) rose 0.14% to break above $2,500.
Other standout sectors included: the RWA sector, up 4.74% over 24 hours, with Plume (PLUME) gaining 22.68%; the DeFi sector, up 2.29%, with Wormhole (W) gaining 37.16%; the PayFi sector, up 0.86%, with Zcash (ZEC) gaining 6.47%; and the Layer 1 sector, up 0.61%, with NEAR Protocol (NEAR) gaining 15.52%.
Elsewhere, the Meme sector fell 0.58%, with MemeCore (M) down 12.49%, and the CeFi sector fell 0.72%, with Cronos (CRO) down 1.43%.
Crypto sector indices reflecting historical sector performance showed that the ssiDePIN, ssiRWA and ssiDeFi indices rose 6.37%, 4.74% and 1.94%, respectively.
Injective (INJ) is now tradable through X's Cashtag Partner Program, which routes US users to Coinbase, Kraken and other partners. Here is how it works.
Injective's native token, $INJ, can now be traded through X, according to reports from @MSBIntel and the official @injective account. The service relies on integrations with @Coinbase, @Kraken and several other centralised exchanges (CEXs).
How INJ trading on X worksThe feature runs through X's Cashtag Partner Program. TechJuice reports that users tap a Cashtag, a dollar-prefixed ticker such as $BTC, to see price data and related posts. A new "Trade" button then routes them to their chosen partner platform.
The mechanism matters. According to Parameter, X acts only as a connector and does not facilitate trades or store user funds. All transactions are processed by the third-party brokerages and exchanges. In practice, $INJ is tradable from within X's interface, but orders are executed on partner platforms.
Crypto Briefing notes that the program's launch partners for crypto are Coinbase, Gemini and Kraken, with Interactive Brokers and Moomoo covering equities. Coingabbar's review of the Injective announcement says $INJ trading on X now routes to Coinbase, Kraken, Gemini, Moomoo and Webull. It stresses that this is a link program rather than five new exchange listings.
Limits and contextThe rollout is currently restricted to the United States. Blockonomi reports that no timeline has been announced for international expansion. Users who tap through can sign in to an existing account or open a new one on the partner platform.
For Injective, the move adds a distribution channel inside a large social network. Injective is a layer-one blockchain built for decentralised finance (DeFi) applications, including decentralised exchanges, prediction markets and lending protocols, according to Coinbase. Access through X does not change the token's underlying market structure, but it shortens the path from discussion to trade for US users.
The original post described the Injective ecosystem as being on an "absolute tear". That is a characterisation from the source, and the integration itself does not prove it. Readers should check live INJ prices and volumes on a reputable data provider before drawing conclusions.
SourcesTechJuice: X Launches Cashtag Trading With Major Brokerage Partners
Coingabbar: Injective News, INJ Adds 5 Exchanges
Blockonomi: X Adds Crypto and Stock Trading Links to Cashtags for US Users
Injective has advanced its institutional-grade tokenization offerings following the recent Meridian Mainnet Upgrade, aiming to boost its infrastructure for regulated real-world asset (RWA) issuance. The latest improvements position Injective to serve financial institutions and asset issuers interested in blockchain-based products with on-chain compliance controls.
Institutional Infrastructure EnhancedThe Meridian Mainnet Upgrade equips Injective with enhanced tools for tokenizing real-world assets in a regulated manner. This expanded infrastructure provides on-chain compliance mechanisms, which can aid developers and issuers in constructing financial products that meet regulatory standards.
Tokenizing real-world assets entails bringing traditional instruments—such as equities and bonds—onto blockchain networks. By strengthening these capabilities, Injective seeks to facilitate entry for asset issuers considering blockchain technologies and expand its reach within digital capital markets.
Mini dictionary: Real-world asset (RWA) tokenization, the process of representing physical or traditional financial assets like stocks, bonds, or real estate on a blockchain in the form of digital tokens, allowing for fractional ownership, enhanced liquidity, and transparent trading.
Despite the improved capabilities, Injective’s long-term impact will rest largely on whether new institutional partnerships, asset launches, and broader on-chain activity materialize over time.
Tokenomics and Network Growth in FocusInjective’s approach integrates a community-driven token burn mechanism, removing INJ tokens from circulation regularly. Sustained token burns, when combined with growing demand and increased network activity, could reinforce a bullish outlook for INJ’s market performance.
However, price appreciation cannot be guaranteed by token burns alone. Broader factors—including issuance rates, staking dynamics, liquidity, and prevailing market trends—are also in play for investors monitoring Injective’s development trajectory.
Injective’s tokenization upgrades and deflationary model offer a positive framework for future asset adoption, but actual demand from institutions and users will ultimately shape the impact on the INJ ecosystem.
Analyst Targets Highlight Recovery ScenariosCrypto analyst Crypto Patel recently presented a bullish long-term thesis for INJ, outlining several key price targets and market zones. According to Patel, accumulation zones for INJ currently sit between $3.10 and $2.30, while re-accumulation could occur from $5.30 to $3.90.
Price projections identified by Patel span milestones at $8.50, $13 to $18, $31, $53, and ultimately $100. The analysis links Injective’s deflationary tokenomics and recent infrastructure expansion to these optimistic targets, though these projections remain highly speculative.
Zone/TargetPrice RangeAccumulation Zone$3.10 – $2.30Re-accumulation Zone$5.30 – $3.90First Target$8.50Mid Targets$13 – $18, $31, $53Ultimate Target$100Whether these levels are reached will depend mostly on demand, adoption metrics, technical confirmation, and the broader direction of cryptocurrency markets.
Projections suggest that as network adoption grows and on-chain demand increases, INJ could potentially reach targets far above its current levels, yet each milestone will require sustained momentum and favorable market conditions.
Technical Barriers Remain AheadINJ’s next phase depends on navigating technical resistance points and generating significant trading volume to support upward moves. The analyst’s noted accumulation ranges provide references but do not guarantee strong support or immediate reversals.
Technical indicators such as RSI and MACD, alongside price action and volume data, are needed to confirm any trend shifts. A decisive breakout above resistance at $8.50, for example, would be key to unlocking the next milestones in Crypto Patel’s recovery framework.
Moving forward, Injective’s ability to translate its updated tokenization infrastructure into new institutional partnerships, regulated asset launches, and heightened network participation will serve as important evidence for lasting demand and momentum.
While the Meridian upgrade strengthens Injective’s position in the RWA sector, the outlook for INJ will remain closely linked to ongoing market sentiment, token supply dynamics, and the pace of real-world adoption by financial institutions and asset issuers.
Six hardware wallet brands have disclosed security problems in 2026, but users lost crypto in only two cases. The latest, at Ledger, involved a device tampered with before it reached its buyer.
A hardware wallet keeps the secret 24-word recovery phrase that controls a person’s crypto off the internet. This year, attackers went after almost every link around that phrase.
Weak Keys, Lasers, and Data Leaks Hit Wallet Makers in 2026On July 30, thieves began draining Coldcard wallets whose keys were created with weak randomness. Galaxy Research later said Coldcard losses passed $115 million.
Ledger’s in-house security team used lasers to break chips in the Trezor Safe 7 in June and Tangem cards in July. Both attacks need the device in hand and specialist lab equipment.
Trezor said user funds stayed safe. Tangem said the risk to everyday users was “virtually non-existent” and noted the researchers work for a rival.
In August, BitBox fixed several firmware flaws its own engineers called severe. It reported no stolen funds.
Other incidents exposed customers, not keys. Trezor’s shipping partner leaked data on 13,689 buyers, and a SafePal data breach exposed nearly 40,000 home addresses.
Six hardware wallet brands have disclosed security problems in 2026 “2026 might go down as one of the wildest years for hardware wallet security,” Wise Advice noted.
Ledger Tampered Wallets Reported Beyond AsiaLedger confirmed Saturday that a victim’s device carried an unauthorized hardware implant. In a Sunday update, it said every confirmed case involves Malaysian reseller CryptoBilis.
72 hour update on reseller CryptoBilis incident 🔽
As the investigation continues, we are working with relevant authorities. The volume of impacted devices is limited. We know this is concerning, especially for those directly affected, and we are reaching out to impacted users.…
— Ledger (@Ledger) October 11, 2026 On-chain investigators estimate losses near $90 million. One buyer lost 80 Bitcoin days after setup. Ledger has not confirmed any total.
CryptoBilis has stopped hardware wallet sales. Its former co-founders said on LinkedIn they handed the company to new owners in March.
Separately, some users say Ledger wallets they reportedly bought weeks ago from an official European store held wiring genuine units lack. Ledger has not confirmed any case outside CryptoBilis.
What Wallet Makers Tell Buyers to DoLedger tells buyers to purchase only from Ledger or authorized resellers. It told CryptoBilis buyers not to set up unused devices and to move funds to a new recovery phrase.
Ledger’s Genuine Check confirms a device’s security chip is authentic. However, it cannot catch every physical change around that chip.
BitBox urges users to install updates and type recovery words only on the device itself. Trezor says phishing remains the bigger everyday risk.
Ledger has also called on other wallet makers to build shared anti-tamper and chain-of-custody standards.
So, is any hardware wallet safe in 2026? Not fully, since no security chip was cracked outside a lab this year, but Coldcard and Ledger users still lost money to weak keys and tampered devices.
Aptos formally closed out its four-year insider token schedule on October 12, the fourth anniversary of the network’s October 2022 mainnet launch, cutting scheduled APT issuance by roughly 60%. The Foundation’s tokenomics update flagged the milestone ahead of time, noting that the four-year unlock cycle for initial investors and core contributors concludes in October 2026 and reduces annualized supply unlocks by about 60%.
The change removes the network’s two largest scheduled seller cohorts from its supply schedule. At genesis, core contributors were allocated 190 million APT and early backers 134.78 million APT, a combined 324.78 million tokens equal to 32.48% of the 1 billion APT minted at launch. Each grant carried a 12-month cliff followed by monthly vesting through month 48, and the two groups received their final tranche on September 12, 2026.
What the Vesting Cut Changes After October 12, only the Community and Aptos Foundation pools remain on the unlock schedule. Together they release 4.54 million APT a month, down from 11.31 million, with annualized releases falling from about 135.7 million APT to 54.5 million. Each pool disburses one 120th of its remaining balance monthly through 2032, and roughly 331.69 million APT of the genesis supply stays locked across the two pools.
A Wider Tokenomics Overhaul Runs Alongside The 60% reduction is the front edge of a broader supply overhaul approved through on-chain governance as Proposal #183. The Foundation locked and permanently staked 210 million APT, about 37% of its mainnet holdings and nearly 18% of circulating supply, and committed never to sell or distribute it. A 2.1 billion APT hard cap now bounds issuance, annual staking rewards were cut from 5.19% to 2.6%, and gas fees were raised tenfold with all fees burned.
What the Change Does and Does Not Fix Removing the 6.77 million APT monthly insider tranche lowers scheduled supply, but it does not stop new issuance. About 763 million APT, roughly 63% of all tokens, remains staked, and at a 2.6% reward rate that position still mints around 19.8 million APT a year. Unlock calendars also tend to be priced in ahead of time, and the change leaves the 1.196 billion APT already in circulation untouched. The Foundation is betting that rising burns, including those from the on-chain Decibel perpetuals exchange, projected to burn more than 32 million APT annually as it scales, will eventually outpace emissions.
What to Watch Next The first release under the smaller schedule lands within days, giving an early read on how the reduced drip interacts with staking and burns. On the demand side, the Foundation is concentrating resources on high-throughput trading and institutional finance, building on efforts such as its $50 million push into AI agents and on-chain finance. Whether APT’s supply pressure eases will depend on whether activity-driven burns and the smaller drip outpace the roughly 19.8 million APT that staking still mints each year.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Slush Wallet, the Mysten Labs wallet for Sui, has integrated Halliday to let users fund accounts from 25 chains or with cards, bank transfers and Apple Pay.
Slush Wallet, the dedicated wallet for the Sui network, has added a new way to fund accounts through an integration with @HallidayHQ. According to the announcement from @SlushWallet, users can now bring in tokens from more than 25 other chains and top up with traditional payment methods. Slush is built by @Mysten_Labs, the developer behind $SUI.
What the Halliday integration doesThe feature targets a common pain point for newcomers to a blockchain: getting funds in.
On the fiat side, Crypto Briefing reported that,
Slush's role in the Sui ecosystem and
Because the new deposit flow sits inside the wallet, it applies across the surfaces where users already access Slush. For Sui, easier onboarding could matter for adoption. Cointrust noted that The same outlet cautioned that
The integration adds to existing in-app options. Slush previously offered purchase flows through payment providers, and Halliday extends this by adding a route for assets held on other networks, alongside fiat funding.
SourcesCrypto Briefing: Slush Wallet adds Halliday integration to simplify deposits into Sui
TokenPost: Slush Wallet Adds Halliday Deposits Across 25 Blockchain Networks
Sui’s decentralized finance (DeFi) ecosystem is drawing increased attention as Haedal, a liquid staking protocol operating on the network, has surpassed 10 million WAL tokens staked in its haWAL product. According to industry intelligence platform MSB Intel, this milestone highlights growing participation within Sui’s ecosystem. Meanwhile, total value locked (TVL) on Sui has reached $523.5 million, marking a significant achievement for the network.
Haedal’s liquid staking milestoneHaedal, known for its liquid staking solution on Sui, has achieved a major milestone with more than 10 million WAL tokens staked in haWAL. Liquid staking enables users to stake assets while retaining a liquid derivative token, allowing them to participate in other DeFi opportunities without relinquishing staking rewards.
Mini dictionary: Haedal is a decentralized protocol on Sui that allows users to stake the network’s native WAL tokens and receive haWAL, a liquid representative token. haWAL can be used within supported DeFi applications, enhancing flexibility for stakers.
The current haWAL staking total reflects engagement with Haedal specifically, while Sui’s broader TVL tracks value deposited across multiple protocols on the network.
Sui’s network now holds $523.5 million in total value locked, while Haedal’s 10 million WAL staked underscores rising activity within Sui’s DeFi landscape.
Sui’s current DeFi landscapeSui’s TVL at $523.5 million places it among the more active DeFi networks, indicating steady capital inflows and user participation. Total value locked represents the combined value of digital assets held in various decentralized finance protocols, serving as an important metric for ecosystem health and adoption.
While Haedal’s milestone showcases specialized protocol engagement, the overall TVL trend provides a broader view of Sui’s DeFi sector growth. However, these figures reflect network activity and do not in themselves guarantee future price performance for SUI, the network’s native token.
Price analysis and key support levelsCrypto analyst Giannis Andreou is closely watching SUI as it retests a previous consolidation zone. According to Andreou, SUI is currently trading around $1.07 and remains within a key support region between $1.00 and $1.08. This zone may prove pivotal for its short-term trend, especially following the breakout in September.
Andreou highlights that holding this range could allow SUI to build a higher low and potentially resume upward momentum. If support holds, initial upside targets include $1.18 and $1.30, with the previous swing high at $1.41 serving as a more ambitious objective. Conversely, a drop below $0.99 would invalidate this scenario and signal potential weakness.
LevelPriceSignificanceSupport Zone$1.00–$1.08Key area for buyers to defendUpside Targets$1.18 / $1.30 / $1.41Potential resistance on an uptrendInvalidationBelow $0.99Would nullify the bullish outlookThe analyst’s projection outlines a possible 32% climb if SUI moves from its present price toward $1.41, provided support remains firm. However, broader cryptocurrency market trends, liquidity, and trading demand play a large role in whether the token achieves this outcome.
SUI’s ability to remain above $1.00–$1.08 support is critical for near-term price prospects, with $1.18 and $1.30 as intermediate resistance levels before targeting the $1.41 swing high.
Market outlook and ecosystem contextAlthough recent staking and TVL milestones point to strong activity on Sui, they are not independent indicators of bullish price action for SUI. The technical setup, as outlined by Andreou, requires SUI to maintain its support zone while also navigating external factors.
Should SUI successfully defend its current consolidation range and surpass intermediate resistance at $1.18 and $1.30, a move toward $1.41 would come into focus. A breakdown below $0.99, however, would undermine the current market setup and potentially stall recovery efforts.
The combined effect of Haedal’s milestone and Sui’s overall TVL growth highlights ecosystem momentum, but whether this translates into sustained token demand remains to be seen. Both technical confirmation and broader market sentiment will continue to shape SUI’s near-term direction.
STRK reached $0.1194 amid speculation over a Layer 1 transition. StarkWare is exploring faster quantum-security upgrades. Approximately 127 million STRK are scheduled to unlock on October 15. Starknet’s STRK token rallied sharply on October 11 after comments from StarkWare CEO Eli Ben-Sasson fueled speculation that the Ethereum scaling network could become an independent Layer 1 blockchain.
At the time of writing STRK trades at $0.11941, gaining 17.41% in the past 24 hours and reaching a session high of $0.12346. According to CoinMarketCap the token has gained 118% over the past 7 days as buying pressure mounted ahead of the architectural discussion.
Starknet extends its seven-day rally. Open interest has increased 34.74% over 24 hours to $196.8 million, adding approximately $50.8 million in outstanding positions.
The buying followed a debate over Starknet’s future architecture, with quantum-resistant security emerging as a possible reason to reduce the network’s dependence on Ethereum.
Quantum Security Pushes Starknet Toward a Bigger Decision On October 8, Ben-Sasson raised the prospect of Starknet operating as a sovereign Layer 1, arguing that the growing threat from quantum computing could require faster security upgrades than Ethereum’s development schedule permits.
We are actively considering becoming an L1.
This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target.
— Starknet (@Starknet) October 8, 2026
Starknet subsequently confirmed that it was actively considering the transition, with an ambition to achieve full quantum resistance by 2027.
The proposal would represent a fundamental change in how the network operates.
Starknet currently functions as an Ethereum Layer 2 validity rollup. It executes transactions separately and submits cryptographic proofs to Ethereum, relying on the underlying blockchain for settlement and data availability.
This structure provides access to Ethereum’s security but also creates dependencies.
StarkWare’s post-quantum roadmap identifies bridge messaging and data availability as areas where Starknet cannot complete its cryptographic migration independently.
The network already uses STARK proofs, which rely on hash-based cryptography. Its account-abstraction model also gives developers flexibility to introduce alternative signature schemes.
Those advantages do not eliminate vulnerabilities inherited from the systems connecting Starknet to Ethereum.
Operating as a standalone Layer 1 could give developers greater control over security upgrades, but it would also require a new approach to settlement, validator coordination and network security.
No approved transition plan has been published.
For STRK holders, the economic consequences are equally unresolved. An independent architecture might change staking incentives, transaction fees and the token’s role in securing the network. None of those outcomes follows automatically from becoming a Layer 1.
Hyperliquid Leads a $196.8 Million Derivatives Market Trading activity expanded alongside the price increase, with the largest concentrations of STRK open interest appearing on Hyperliquid, Binance and Bybit.
STRK / Derivatives Market
Where STRK Open Interest Is Concentrated
Exchange distribution · October 11, 2026
Total Open Interest
$196.8M
+34.74% / 24H
Hyperliquid
$65.2M
33.1%
Binance
$59.4M
30.2%
Bybit
$48.8M
24.8%
OKX
$22.1M
11.2%
Market concentration:
Hyperliquid and Binance together account for approximately 63.3% of reported STRK open interest.
The four platforms account for approximately 99% of the reported total, leaving STRK’s derivatives activity heavily concentrated among a small number of exchanges.
Such concentration can amplify short-term volatility if traders unwind positions simultaneously.
The increase in open interest indicates that outstanding derivatives exposure is growing. It does not establish whether traders are predominantly bullish or bearish, since every contract involves both sides of a trade.
Funding rates and liquidation data would provide a clearer picture of directional positioning.
For now, the combination of higher prices and expanding exposure shows that speculation is intensifying, rather than proving that a sustained trend has developed.
STRK Breaks Above Long-Term Averages, but RSI Signals Excess The daily TradingView chart shows STRK recovering above two long-term exponential moving averages after an extended period of weakness.
Starknet surges above its long-term moving averages. Its 365-day EMA stood near $0.08416, while the 150-day EMA was approximately $0.03965. At $0.11941, STRK traded roughly 42% above the 365-day average, reflecting the scale of the recent acceleration.
The Relative Strength Index presents a more immediate warning.
STRK’s 14-day RSI reached 87.85, substantially exceeding the conventional overbought threshold of 70.
That reading reflects unusually strong recent momentum. It can persist during an aggressive rally, but it also leaves the token exposed to sharp profit-taking when buying pressure weakens.
The latest intraday high around $0.1235 is the first resistance reference. A sustained move beyond it could bring the $0.14–$0.15 region into focus.
On the downside, $0.11 is an initial level to monitor, followed by the psychological $0.10 threshold.
A retreat below those levels would suggest that the breakout is losing momentum, particularly if accompanied by falling open interest or increased selling volume.
October 15 Unlock Could Test Demand The next scheduled token release introduces a separate challenge for STRK’s recovery.
Approximately 127 million STRK are expected to unlock on October 15, according to CoinGecko’s tokenomics data.
At the latest chart price, the allocation would be worth roughly $15.2 million.
The release is divided between early contributors and investors, adding tokens equivalent to approximately 1.27% of STRK’s maximum supply.
Unlocks do not necessarily translate into immediate exchange sales. Recipients can retain their allocations, stake them or sell gradually.
The relevant consideration is how much additional supply reaches the market relative to available buying liquidity.
STRK’s recent trading activity suggests substantial speculative interest, but the open-interest increase also means that leveraged positions could magnify a reversal if spot demand weakens.
The timing creates a particularly sensitive setup: a large price advance, an elevated RSI and a scheduled supply increase within the same week.
The Market Is Pricing a Transition Before Its Details Exist Starknet’s architectural debate could eventually reshape how the network secures transactions and interacts with Ethereum.
But investors have yet to see the technical specifications, governance arrangements or token-economic changes that would determine the practical consequences.
That leaves two different timelines driving STRK.
Developers are discussing a security transition potentially extending into 2027. Traders are reacting to that possibility today, while a measurable increase in token supply is scheduled within days.
The gap between those timelines explains much of the current market risk.
STRK has broken above important long-term price averages, and derivatives activity has expanded substantially. Whether that momentum survives the October unlock will offer a more immediate measure of demand than speculation about the network’s eventual architecture.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Rare Pokémon cards continue to outperform traditional assets. The CardTrack 100 index has returned 150.7% since September 2021, beating Bitcoin, gold, and the S&P 500 by wide margins.
The numbers reveal why collectors now treat rare graded cards like serious alternative investments rather than toys.
The combined value of the 100 most valuable Pokémon cards. Source: CardTrackPokémon Card Values Keep Breaking RecordsThe CardTrack 100 is a monthly index that tracks the combined value of the 100 most expensive Pokémon cards worldwide. It works as a thermometer for the top of the collectibles market.
The index currently sits at 251 points, with a base value of 100 set in September 2021. Its total combined value now reaches $244,750 across the tracked cards.
A $5,000 investment made four years ago would be worth $12,534 today based on that performance.
The same capital in gold would be worth roughly $ 12,390. Bitcoin sits around $ 9,800 for the same period. The S&P 500 trails even more, returning roughly 73% and turning $5,000 into approximately $8,650 today. Just twelve days ago on September 29, the index set an all-time high of $253,800 points. The current reading sits only 1.2% below that recent peak.
Why are Collectors Pricing Cards Like Blue-Chip Art?Mainstream recognition explains the shift. For example, a 1998 Pikachu Illustrator card sold for $16.5 million earlier this year, reshaping the market ceiling permanently.
Recent auctions reinforce the trend. Four rare e-Reader cards, including a Skyridge Gengar, fetched a combined $780,000 this week, while a first-edition Charizard reportedly set a new record of $1.38 million.
The PSA 10 1st edition Charizard has done it. The icon. The Mount Rushmore. The legend. The singular, signature card of Pokémon that stands next to the 52 Mantle, the Black Lotus of MTG, the T206 Wagner, the 1984 Star Jordan. One of the 5 most iconic trading cards of all… pic.twitter.com/V5cj7Tw5PN
— Jeremy Padawer (@JeremyCom) October 9, 2026 eBay executives confirmed that Pokémon was the most searched term in their collectibles category during the first half of 2026. Grading giant PSA reports trading-card games now account for half of its entire business.
Scarcity, professional grading, nostalgia, and a growing class of serious collectors have turned rare Pokémon cards into one of the strongest alternative assets of the decade.
TLDR: Papertrade exploit allegations involve two wallets’ reported $20 million Hyperliquid orders, 10–20 basis points of ETH movement, and much larger Papertrade longs. Papertrade uses Hyperliquid’s best bid and offer midpoint for synthetic fills, creating a documented price-reference risk that remains an allegation in this case. Hyperliquid uses separate oracle and mark prices for its own margin and liquidation safeguards, so the claims do not establish a breach of its native systems. No independent wallet analysis, verified loss amount, compensation plan or Papertrade response was available in the October 11 reports reviewed. Papertrade exploit allegations surfaced October 11. X user Boblob (@Dr_bobo54) claimed two wallets placed roughly $20 million each in Ether trades on Hyperliquid. He said the trades moved ETH quotes 0.1%–0.2%. The wallets allegedly held leveraged Papertrade positions worth hundreds of millions of dollars.
Trader Rune (@RuneCrypto_) shared the warning. No independent analysis had confirmed the manipulation, wallet identities, profits or losses. Papertrade had not issued a confirmed public response in reports published that day. Claims focus on its pricing design. Papertrade uses Hyperliquid’s best bid and offer midpoint to price synthetic trade entries and exits. The market impact remains unclear.
The researcher said orders shifted ETH quotes roughly 10 to 20 basis points. A basis point equals 0.01%, making that move approximately 0.1% to 0.2%. He claimed the same wallets held long positions on Papertrade, with combined nominal exposure in the hundreds of millions. Long positions can magnify small quote changes when notional exposure far exceeds the margin posted by the trader.
Rune flagged the Papertrade exploit risk in its own published risk disclosures. However, initial reports did not include wallet addresses, transaction hashes or independent transaction analysis. The Papertrade exploit remains unverified; public claims have not established that any account profited from the price moves.
Papertrade launched recently on HyperEVM, the smart-contract environment connected to Hyperliquid. It uses synthetic swaps between each trader and its liquidity pool, rather than matching users through a Papertrade order book. When a position opens or closes, the protocol reportedly reads Hyperliquid’s best bid and best offer. It uses their midpoint as the fill price. The platform supports leverage up to 1,000 times on supported Bitcoin and Ethereum markets.
The Papertrade exploit theory centers on the use of another venue’s midpoint as a reference price. A new order can shift the best bid or offer before it executes. Rune argued that such a move could change Papertrade’s quoted price while a much larger position remains open. The documentation reportedly identifies manipulation of the best bid and offer as an unresolved risk. That risk disclosure does not prove the suspected wallets exploited it.
Hyperliquid Price Safeguards Differ From Papertrade BBO The alleged Papertrade exploit concerns how the protocol uses external prices, not evidence of a Hyperliquid system breach. Hyperliquid’s native perpetuals use separate oracle and mark prices for trading safeguards. Its oracle price is a weighted median of centralized exchange prices and updates about every three seconds.
The mark price combines several inputs, including Hyperliquid order-book prices and data from other trading venues. Hyperliquid uses it to calculate unrealized profit and loss, determine margin requirements and trigger liquidations. Papertrade’s reported BBO midpoint serves a different function: it determines synthetic trade entries and exits. The distinction matters when assessing which system may have been affected.
A separate, unaffiliated PaperJet description says Papertrade’s liquidity pool starts at zero and grows from traders’ realized losses. It also says profitable closes may wait in a queue if the pool lacks funds. PAPER tokens can be minted after eligible trading losses, and stakers may receive USDC distributions. Those mechanics describe possible settlement constraints, not confirmed effects from the current allegations.
A Hyperliquid-linked SK Hynix perpetual contract dropped 17.9% in July. An unusual South Korean transaction then affected its external price reference. Trade.xyz later said it would cover qualifying liquidation losses. That case involved a different contract and pricing arrangement; it does not confirm the Papertrade allegations.
Reports published October 11 did not establish whether the Papertrade exploit affected the pool. They left withdrawals and queued claims unconfirmed. The reports also lacked verified wallet identities, a loss amount, compensation or a timetable for changing the midpoint-based pricing system.
Kripto piyasasında yeni oluşturulan bir cüzdan, Starknet (STRK) işlemiyle dikkat çekti. Cüzdan sahibi, dün 24,42 milyon STRK için 3x kaldıraçlı long pozisyon açtı. Yaklaşık 2,9 milyon dolar değerindeki işlem, kısa sürede 1 milyon doların üzerinde gerçekleşmemiş kâra ulaştı.
Zincir üstü verileri paylaşan Lookonchain’e göre pozisyonun kârı 1,056 milyon dolar seviyesinde. Ancak bu tutar henüz kesinleşmiş kazanç değil; işlem açık kaldığı sürece STRK fiyatına bağlı olarak değişebilir.
STRK İşleminde 1 Milyon Doları Nasıl Kazandı? Paylaşılan işlem verilerine göre cüzdan, Hyperliquid üzerinde STRK için 3x kaldıraçlı long pozisyon açtı. İşlemde toplam 24,42 milyon STRK bulunuyor ve pozisyonun güncel değeri yaklaşık 2,91 milyon dolar.
Pozisyonun giriş fiyatı 0,07603 dolar olarak görünürken Starknet fiyatı 0,11929 dolara yükseldi. Token fiyatındaki bu hareket, kaldıraçlı pozisyondaki kârı da büyüttü.
Ekrandaki verilere göre işlem şu anda yaklaşık 1.056.440 dolar gerçekleşmemiş kâr taşıyor. Böylece yeni cüzdan, bir günden kısa sürede 1 milyon doları aşan bir kâra ulaşmış oldu.
Starknet Fiyatı Düşerse Ne Olur? Pozisyonun büyüklüğü kadar tasfiye seviyesi de dikkat çekiyor. İşlem ekranında STRK long pozisyonu için tasfiye fiyatı 0,064481 dolar olarak gösteriliyor.
3x kaldıraç, STRK yükseldiğinde getiriyi artırırken fiyat ters yönde hareket ettiğinde zararı da büyütebilir. Tasfiye fiyatına yaklaşılması halinde pozisyon zorunlu olarak kapatılma riskiyle karşılaşır.
Burada önemli ayrım, 1 milyon doları aşan tutarın gerçekleşmiş kâr değil, açık pozisyondaki kazanç olması. Cüzdan sahibi pozisyonu kapatmadığı sürece fiyat hareketleri bu tutarı değiştirebilir.
STRK işlemi, kısa sürede büyük kazanç sağlayan kaldıraçlı pozisyonların ne kadar hızlı büyüyebildiğini gösteriyor. Ancak pozisyonun açık kalması, mevcut kârın korunacağını garanti etmiyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
According to official website data, the synthetic perpetual protocol Papertrade built on HyperEVM has been live for 24 hours as of 22:00 Beijing time yesterday. The platform’s cumulative notional trading volume exceeds $678 billion, its current Total Value Locked (TVL) stands at $77.8 million, and open interest (OI) hits $1.3 billion — a sharp drop of around 60% from $3.3 billion 12 hours ago. The total margin for all existing positions is $14.34 million, down roughly 30% from $20.29 million 12 hours ago. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It fetches prices from the mid-price of Hyperliquid’s order book’s Best Bid/Offer (BBO), with users trading directly against the protocol’s liquidity providers (LPs) instead of relying on traditional order book matching. The protocol’s key features include high leverage, zero slippage, and no funding fees. Its native token PAPER has an initial supply of zero, with no pre-mining, team, or venture capital (VC) allocations. The only source of token minting is user losses or liquidations. During its early launch phase, the token is not freely transferable and is primarily used for staking.
Iran's top security official: The U.S. response to Iran's latest proposal is 'insufficient'
According to Iran's Fars News Agency, the Secretary of Iran's Supreme National Security Council stated that the United States' response to Iran's latest proposal is "insufficient". The U.S. needs to clarify issues that remain unclear to the Iranian side. The U.S. has accepted some of our conditions, while other issues remain unclear.
4 hours ago
Analysis: 53% of Bitcoin's holdings are concentrated above $83,000, with the $84,000 to $85,000 range serving as a key breakout level.
Crypto analyst Darkfost notes that approximately 53% of total invested capital is concentrated above Bitcoin’s current price level of around $83,000, meaning buying Bitcoin at this level would put your holding cost lower than more than half of existing investors. The $84,000–$85,000 range is the largest cluster of trading positions; many investors react at this key level, making it Bitcoin’s core resistance that it must break through. Moving lower, the $79,000–$77,000 range may act as a support level. If the price fails to effectively break through the $84,000–$85,000 range, the market may first retest this support zone. Once the price breaks above this dense position cluster with significant trading volume and holds steady there, it will mean the cost pressure for most existing holders has been absorbed, and subsequent upward resistance will ease noticeably.
4 hours ago
Strive’s CEO followed Michael Saylor’s lead in releasing Bitcoin Tracker information, hinting at an upcoming announcement of additional Bitcoin purchases.
Bitcoin treasury firm Strive CEO Matt Cole, following in Michael Saylor’s footsteps, has released details related to a Bitcoin tracker. He stated “Think ?igger,” hinting that he will announce another Bitcoin purchase next week. Earlier on October 5, Matt Cole disclosed that Strive bought 2,000 BTC at an average price of $84,422 per coin, totaling approximately $169 million, bringing the company’s total Bitcoin holdings to 29,462 coins.
Onchain derivatives protocol Variational, built on Arbitrum, has announced a campaign to distribute over $1 million and 150,000 platform points to the chain’s top 10,000 most active perpetual contract traders (excluding market makers) to attract their onboarding. Eligible traders can receive up to 3,000 Variational points, while referrers are entitled to up to $15,000 in rewards. More than 750 new users have already registered via the initiative. On September 24, Variational unveiled its VAR tokenomics: 32% of total tokens will be allocated to a genesis airdrop (distributed proportionally to users’ points, fully unlocked at TGE), 18% to ecosystem reserves (managed by the foundation), and 50% to the team and investors (locked for 12 months post-TGE, then linearly unlocked over a minimum of 3 years). The team plans to hold its token generation event (TGE) in Q4, and will continue distributing 150,000 points weekly until then. Additional airdrop terms include: a minimum of 1 point is required to claim; unclaimed airdrop allocations will be burned; and 100% of protocol revenue will be used for VAR buybacks and burns.
4 hours ago
Specter: Arkham Incorrectly Tags Addresses Linked to CryptoBillis Ledger Theft
On-chain analyst Specter has pointed out that Arkham incorrectly tagged a THORChain wallet address as linked to the CryptoBillis Ledger hack, which caused crypto security firm PeckShield to mistakenly assert that the CryptoBillis Ledger attacker had deposited approximately $3.89 million in crypto assets to Binance over the past two days. PeckShieldAlert has responded that it will correct the related labels.
4 hours ago
Zelenskyy responds to Trump’s Russia-Ukraine ceasefire statement: Ukraine will agree if Russia consents to an energy ceasefire
According to Axios, Ukrainian President Volodymyr Zelensky stated that Donald Trump’s ceasefire announcement came as a surprise to him. Zelensky added that Ukraine would agree to an energy ceasefire if Russia consents. Earlier, Trump announced that Russia and Ukraine had reached an energy ceasefire.
Singapore has built a reputation as one of the friendlier places on earth for digital assets. That friendliness, it turns out, has limits.
The Monetary Authority of Singapore (MAS) has voiced serious concerns about decentralized crypto products. It is paying particular attention to highly leveraged perpetual futures platforms, and it has now named one of the biggest of them.
On June 26, 2026, MAS added Hyperliquid to its Investor Alert List. The platform is operated by Hyperliquid Labs, which is registered in Singapore.
What MAS actually flagged MAS uses its Investor Alert List to flag entities to the public. Hyperliquid landed there because of its decentralized structure, which the regulator considers to sit outside its oversight.
The regulator also pointed out that Hyperliquid is not regulated in any major jurisdiction.
Hyperliquid Labs has confirmed it is registered in Singapore. It has also stated that it is not licensed by MAS.
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Why perpetual futures are the pressure point Perpetual futures, or “perps,” are derivatives that let traders bet on an asset’s price without ever holding it. Unlike traditional futures, they have no expiry date, so positions can stay open indefinitely.
Consumer advocates have described leveraged perps platforms as “the most dangerous product in crypto.”
MAS has been careful to draw a line here. It distinguishes the institutional perpetual futures offered on SGX, Singapore’s exchange, from what Hyperliquid offers. The regulator’s message is that the product type alone is not the issue. Who is trading it, under what rules, and with what protections is what counts.
MAS has also stressed that crypto trading carries high risks for the general public.
The “techno-anarchism” problem A Bloomberg opinion piece captured the broader mood among regulators. It described growing apprehension about the “techno-anarchism” of recent crypto products.
The Hyperliquid case shows how awkward this gets in practice. A company is registered in Singapore, yet the product it is associated with operates in a way MAS says falls beyond its reach.
Singapore’s balancing act MAS continues to champion tokenization and institutional activity in the sector while focusing on curbing the risks that come from retail speculation.
Singapore’s framework requires digital token service providers serving overseas clients to obtain a license. Approvals under the 2025 regulations have been limited.
MAS Managing Director Chia Der Jiun has emphasized trust and risk management in recent remarks. He has highlighted the intersection of AI and digital asset trading as an area needing attention.
What this means for traders and platforms The most immediate effect is reputational. An investor alert from a respected regulator is not a ban, but it is the kind of label that compliance teams, banks and institutional partners tend to notice.
The research findings suggest MAS’s stance could signal a more cautious posture among global regulators. If so, similar decentralized perps platforms may face increased scrutiny elsewhere.
By separating SGX’s institutional perps from Hyperliquid’s offerings, MAS is effectively endorsing one model of leveraged trading while warning against another.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Michael Saylor is back in action ahead of the new trading week in financial markets. On October 11, 2026, the head of Strategy Inc. posted a fresh treasury chart featuring 117 purchase dots and his favorite phrase: "There's always room for more orange."
The company officially controls 848,000 BTC worth a staggering $70.48 billion, accounting for 4.04% of all Bitcoin in existence. But the most interesting part remained behind the scenes: the post appeared just as the treasury was restructuring its financing strategy ahead of another purchase.
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The reason is that during the week of October 5–9, Saylor's main fundraising instrument, STRC preferred shares, fell below their $100 par value and remained stuck in the $99.43–$99.66 range.
There’s always room for more orange. https://t.co/hndZf0Acp7
— Michael Saylor (@saylor) October 11, 2026 At that point, the company's strict internal algorithm kicked in. When the security trades below par, the system automatically activates the "Buyback Zone."
Issuing new shares to purchase cryptocurrency is prohibited. Instead, the company must spend money buying back its own discounted securities to support their price. The result for the week through this channel was exactly 0.00 BTC.
Where Saylor gets the money to buy BitcoinSaylor does not say there is always room for more Bitcoin for no reason. The message is clear: a technical pause in one instrument will not stop the entire buying machine. The treasury has already learned to work around its own restrictions by relying on other credit lines, with the overall system totaling $12.69 billion.
While STRC was on the defensive, another class of securities, STRF, traded firmly above par at $103.98 and served as a source of liquidity. The latest targeted purchase of 334 BTC at $85,838 per coin demonstrated this clearly: the company has money even without STRC.
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The average purchase price across the company's entire portfolio currently stands at $75,436 per Bitcoin. With the current price above $83,000, Saylor is sitting on a solid profit. The market values the company's net assets at a slight discount, with mNAV Basic at 0.92x, but forced share buybacks offset this.
Saylor's latest post signals that alternative channels are operational, funds have been accumulated, and the company is theoretically fully prepared for the next wave of purchases.
The Liquid Network is running again, but nobody can cash out. Peg-outs, the process of turning Liquid Bitcoin (L-BTC) back into real Bitcoin, remain suspended while the sidechain’s reserve sits about 603 BTC short, according to The Defiant.
Liquid says redemptions will not return until the reserve fully backs every L-BTC in circulation and its security reviews are complete.
How a software bug drained the reserve The trouble began on September 6, 2026. A bug in Elements, the software that powers Liquid, allowed someone to create and redeem L-BTC without authorization.
Approximately 3,996 to 4,000 BTC left the federation reserve. That haul was valued at around $320 million at the time.
The federation reserve had held roughly 4,205 BTC before the exploit. At the worst point of the crisis, it was down to just 197 BTC.
White-hat actors returned roughly 3,400 BTC by September 7, about a day after the drain.
That recovery still left between 598 and 603 BTC unreturned. Around mid-September, the reserve was reportedly covering about 86% of outstanding L-BTC supply.
The signing keys held by federation members were not compromised. Neither was SideSwap’s Peg-out Authorization Key.
What is working and what is not Liquid restarted normal block production and user transactions on September 10, 2026. People can send and receive L-BTC inside the network again.
As of October 11, 2026, peg-outs remain on hold. Liquid has tied a restart to several conditions.
Full restoration of 1:1 BTC backing for L-BTC Upgrades to the Elements software Completed security audits Changes to key management, notably a move to cold storage Blockstream CEO Adam Back has assured stakeholders that the 1:1 peg will ultimately be covered. No specific date for resuming redemptions appears in the available reporting.
Other assets issued on Liquid escaped the damage. USDT and tokenized real-world assets on the network were not disrupted and have returned to normal operations.
Background: what a federated sidechain actually is Liquid is a Bitcoin sidechain managed by Blockstream. Users lock BTC with a federation, a group of members who jointly control the reserve through multisig. In return, they receive L-BTC, which is meant to be redeemable one-for-one for the Bitcoin held in that reserve.
The arrangement is called a two-way peg. Bitcoin goes in, L-BTC comes out, and the reverse should work just as smoothly.
That design depends on two things holding firm: the integrity of the multisig reserve and the reliability of the software enforcing the peg. In September, the second one failed.
What this means for L-BTC holders and the sidechain model For anyone holding L-BTC, the immediate issue is liquidity. A token that cannot be redeemed for its underlying asset behaves differently from one that can, even if the issuer promises full repayment.
The 86% coverage figure frames the risk. Most of the backing is there, but the gap is real, and closing it depends on the shortfall being filled through means the reporting does not specify.
Liquid’s insistence on full backing before reopening redemptions is the cautious path. Restarting peg-outs at 86% coverage could invite a rush for the exits, leaving the last redeemers with nothing to claim.
The planned move toward cold storage also signals a shift in operational priorities.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Strategy chair Michael Saylor teased investors watching Sunday for a signal of the company’s recent Bitcoin purchases with the message “There’s always room for more orange,” in a post on X.
However, any official notification via a filing with the US Securities and Exchange Commission won’t likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day holiday.
Source: Strategy ended September by spending more than six times its weekly Bitcoin (BTC) buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Sept. 28 and Oct. 4, bringing its holdings to exactly 848,000 BTC, according to an Oct. 5 8-K form.
Over the same period, Strategy repurchased about 1.77 million shares of its STRC preferred stock for $176.3 million.
Raise cash now, buy Bitcoin laterTo be sure, Strategy’s recent moves could be read as an indication that management can build up cash now and spend it on BTC later.
Independent analyst Shanaka Anslem Perera on Saturday noted that Strategy raised $5.41 billion from new common shares in the third quarter and ended the period with 1,666 more BTC than it held at the end of June.
In his monthly newsletter on Bitcoin and crypto, Perera wrote that Strategy’s SEC filings “allocate 9.5% of the raise directly to bitcoin purchases. Other disclosed uses included a dollar reserve, cash, dividends and preferred-share buybacks.”
“The question for investors is what the financing left behind. For a shareholder, bitcoin per share is only part of the answer. Cash counts too, while debt and preferred shares have claims ahead of common stock,” he wrote.
“During the third quarter Strategy raised billions through share sales, but much supported cash reserves and preferred shareholders. Raising capital does not necessarily mean buying bitcoin,” he told Cointelegraph on Sunday..
“That does not mean they stopped buying BTC. Cash retained can fund later purchases, and strengthening the balance sheet can benefit shareholders.”
Magazine: Former SEC boss made AI Czar, Bitcoin may hit $600K this cycle: 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.
Strategy chair Michael Saylor teased investors watching Sunday for a signal of the company’s recent Bitcoin purchases with the message “There’s always room for more orange,” in a post on X.
However, any official notification via a filing with the US Securities and Exchange Commission won’t likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day holiday.
Source: Strategy ended September by spending more than six times its weekly Bitcoin (BTC) buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Sept. 28 and Oct. 4, bringing its holdings to exactly 848,000 BTC, according to an Oct. 5 8-K form.
Over the same period, Strategy repurchased about 1.77 million shares of its STRC preferred stock for $176.3 million.
Raise cash now, buy Bitcoin laterTo be sure, Strategy’s recent moves could be read as an indication that management can build up cash now and spend it on BTC later.
Independent analyst Shanaka Anslem Perera on Saturday noted that Strategy raised $5.41 billion from new common shares in the third quarter and ended the period with 1,666 more BTC than it held at the end of June.
In his monthly newsletter on Bitcoin and crypto, Perera wrote that Strategy’s SEC filings “allocate 9.5% of the raise directly to bitcoin purchases. Other disclosed uses included a dollar reserve, cash, dividends and preferred-share buybacks.”
“The question for investors is what the financing left behind. For a shareholder, bitcoin per share is only part of the answer. Cash counts too, while debt and preferred shares have claims ahead of common stock,” he wrote.
“During the third quarter Strategy raised billions through share sales, but much supported cash reserves and preferred shareholders. Raising capital does not necessarily mean buying bitcoin,” he told Cointelegraph on Sunday..
“That does not mean they stopped buying BTC. Cash retained can fund later purchases, and strengthening the balance sheet can benefit shareholders.”
Magazine: Former SEC boss made AI Czar, Bitcoin may hit $600K this cycle: 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.
Arthur Hayes remains very bullish on crypto. The co-founder of BitMEX believes that current concerns around artificial intelligence and cryptographic security will not be enough to prevent a new major cycle. His scenario is mainly based on one element he has been tracking for years: liquidity. If governments start massively creating money again to support the economy, Bitcoin and other crypto assets could benefit.
En bref Arthur Hayes remains bullish on crypto despite growing AI-related fears. Massive liquidity injections could trigger a major Bitcoin bull run. An AI-driven financial crisis could paradoxically fuel the next crypto rally. Arthur Hayes sees fear of AI as a temporary obstacle Arthur Hayes does not seem particularly worried. The Chief Investment Officer of Maelstrom considers the questions around AI and encryption as the last episode of fear that crypto will have to go through before a possible major bullish movement. A reading consistent with his recent thesis on a possible “tsunami” of dollar liquidity.
In a message posted on October 8, Hayes compared the current situation to several difficult periods already experienced by Bitcoin. He notably cites the 2017 block size war, the Covid-19 pandemic, and the FTX collapse accompanied by a sharp rise in interest rates.
Each time, the crypto market had to absorb a new source of uncertainty. Hayes now classifies fears related to AI in the same category. He talks about FUD, the acronym used in crypto to designate fear, uncertainty, and doubt.
The comparison has its limits. Security issues related to AI are not entirely imaginary. Systems using artificial intelligence can already help researchers analyze code, find errors, or speed up certain mathematical research.
That does not mean, however, that Bitcoin or the major cryptographies currently used have been broken by AI. Yehuda Lindell, head of cryptography at Coinbase, has precisely rejected the idea of an imminent break of current cryptographic systems. According to him, there is no evidence today that AI has managed to break the fundamental mathematical assumptions on which these protections rely.
Liquidity remains the real engine of his crypto bull run For Arthur Hayes, the reasoning almost always comes back to the same place: the money available in the financial system. His bullish scenario does not mainly depend on a technical improvement of Bitcoin, a new memecoin, or a cycle related to the halving.
He looks at the dollars. Hayes believes that governments and central banks will be pushed to support the markets when financing costs become too heavy. More money and more credit could then reach risky assets.
Bitcoin figures prominently in this list. In August, Hayes had already associated the increase in US Treasury bond buybacks with better liquidity conditions. Buybacks allow the Treasury to repurchase some bonds already in circulation, notably to improve market functioning.
For Hayes, this mechanism can contribute to easing financial conditions and, indirectly, favor Bitcoin. This is not a new position. In March, he still explained that he would not immediately bet on Bitcoin without a clearer signal of liquidity return.
A few months later, his speech is much more aggressive. He now believes that the financing needs of the economy, particularly those related to artificial intelligence, could create the monetary conditions necessary for a strong crypto rise.
His statement published this week sums up his thinking quite well: money will be created and assets will eventually rise. The mechanism is obviously not automatic. Creating more liquidity does not guarantee it will end up in Bitcoin or altcoins. Money can remain in the banking system, finance companies, buy bonds, or go into stocks. Hayes simply bets that part of it will end up reaching crypto.
An AI crisis could paradoxically benefit crypto The reasoning becomes more surprising when Hayes talks about the artificial intelligence boom. Tech companies are currently spending considerable sums on chips, data centers, electricity, and infrastructure. Part of these investments rely on credit. Hayes thinks a problem could appear around 2027 or 2028.
If revenues generated by AI infrastructure are insufficient to cover accumulated financial commitments, some companies or lenders could come under pressure. His scenario even envisages a need for support representing several trillion dollars.
And it is precisely here that he becomes bullish on crypto again. A financial crisis related to AI could push authorities to intervene: guarantees, purchases, public credit, or money creation. The bigger the response, the more Hayes believes Bitcoin could benefit from the depreciation of traditional currency.
This is a scenario, not a certainty. It first assumes that part of the current AI boom ends badly. It then assumes governments respond with a lot of liquidity. Finally, part of this money still needs to find its way to crypto markets.
Many steps. Meanwhile, AI and blockchain also continue to get closer directly. Decentralized computing, autonomous agents, and machine-to-machine payments are already fueling new projects combining AI and crypto. Arthur Hayes mainly looks at the other side of the phenomenon. For him, even if AI eventually causes financial difficulties, the remedy could be extremely favorable to Bitcoin. A fairly simple paradox: the next major crypto bull run could be fueled by the financial problems of the technology that worries the market today.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
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BTC traded close to $83,000 on October 11, experiencing significant swings during the previous week after falling back from above $87,000. Although Bitcoin has rebounded from lows near $80,000, analysts continue to highlight considerable resistance ahead.
Sell Walls Emerge, Restraining Price GrowthCrypto trader BATMAN stated on October 10 that Bitcoin is facing over $35 million in sell orders situated between $85,000 and $89,000. He marked $85,000 as the first major barrier for the cryptocurrency, noting that buyers would need to absorb this volume for any sustained move higher.
BATMAN pointed to $85,000 as the primary obstacle, citing the large cluster of sell orders above current levels and warning that these needed to be broken down before further gains.
A sell wall forms when several large limit sell orders accumulate above the current price, presenting pronounced resistance in the market. However, such orders may be canceled or shifted, so the presence of $35 million in sell orders does not guarantee that the entire amount will come to market.
Bitcoin has repeatedly struggled to build momentum above $85,000. Research firm QCP Capital, known for its institutional market analysis, earlier identified $87,400 as a key breakout level, suggesting that a decisive move above it could set the stage for an advance toward $90,000.
Mini dictionary: QCP Capital, a Singapore-based digital asset trading and research firm that provides market analysis and manages institutional flows in cryptocurrencies.
Price LevelSell Orders/ResistanceBreakout Target$85,000First major sell wallNone$87,000-$89,000$35 million in clustered orders$90,000 if brokenGlassnode Flags Weak Trading ActivityGlassnode, a leading blockchain analytics provider, issued a report on October 7 underlining concerns with Bitcoin’s current price structure. The firm observed that trading volumes have been notably low despite the latest price rebound, indicating insufficient new capital entering the market.
The analysis also detected renewed selling activity just above $85,000, along with substantial buying near $81,000. Together, these levels suggest Bitcoin is caught within a defined trading range, with sellers at the top and buyers stepping in at the lower end.
Glassnode noted unusually weak spot volumes during the rally, as well as heavy selling on moves above $85,000, signaling limited conviction among buyers.
Institutional flows have also displayed inconsistency. On October 8, U.S. spot Bitcoin exchange-traded funds saw outflows totaling about $244 million, reflecting heightened caution or profit-taking by fund investors.
Given the current resistance and subdued demand, breaking through the upper range may remain challenging until institutional buying or spot demand increases meaningfully.
Michael Saylor, CEO of Strategy Inc., posted an updated treasury chart featuring 117 new purchase dots and his signature phrase, “There’s always room for more orange.” The update came as the company, recognized as the largest public corporate holder of Bitcoin, continues to adjust its approach to building reserves.
Strategy Inc. currently controls 848,000 Bitcoin, valued at $70.48 billion, representing 4.04% of all existing Bitcoin. While Saylor’s latest message showed optimism about expanding the company’s holdings, underlying market dynamics revealed a more tempered strategy in recent days.
During October 5 to 9, the company’s principal fundraising mechanism, the STRC preferred shares, slipped below their $100 par value and traded in the narrow range of $99.43 to $99.66. According to the company’s internal rules, once these shares trade below par, an automated “Buyback Zone” protocol is triggered.
In this scenario, Strategy Inc. is barred from issuing new shares to buy more cryptocurrency, redirecting its funds instead toward repurchasing its discounted securities and supporting their price. For this period, the company added zero Bitcoin via STRC financing.
Saylor’s guiding principle of “there’s always room for more Bitcoin” underscores the company’s commitment to expanding its portfolio, despite technical halts in certain financing channels.
Diversified strategies keep buying machine activeWhile the STRC channel remains in a defensive mode, Strategy Inc. continues to leverage other financing avenues, with total available credit lines reaching $12.69 billion. This multi-layered approach enables the company to maintain activity, even as select securities face restrictions.
At the same time, STRF, another class of preferred securities, remains robust. Trading above par at $103.98, STRF has become a crucial source of liquidity. Recently, Strategy Inc. completed a targeted purchase of 334 Bitcoin, paying $85,838 per coin, a move highlighting the company’s ability to accumulate assets independent of STRC share performance.
Mini dictionary: STRC and STRF, both are classes of preferred securities issued by Strategy Inc. STRC is typically used for Bitcoin acquisition funding but cannot be issued below its par value, whereas STRF offers an alternative vehicle when STRC conditions are not favorable.
SecurityStatusPar ValueTrading RangeBTC PurchasedSTRCBelow par, buybacks activated$100$99.43–$99.660.00STRFAbove par, funding active$100$103.98334Profit margins and company positioningThe company’s average acquisition price for its Bitcoin holdings is $75,436. With the current Bitcoin price exceeding $83,000, Strategy Inc. is showing sizable unrealized gains. Meanwhile, the market values the company’s net assets at a modest discount, as reflected by a market net asset value (mNAV) Basic of 0.92x, although ongoing share buybacks help manage this gap.
Saylor’s recent statements make it clear that alternative financing channels are fully operational. The company’s treasury has accumulated sufficient funds and remains poised for the next round of acquisitions, regardless of short-term obstacles in key financing vehicles.
Strategy chair Michael Saylor signaled potential additional Bitcoin investments with a post on X, writing “There’s always room for more orange” on Sunday. His statement prompted speculation about further acquisitions of the cryptocurrency by the company.
SEC filing expected after federal holidayAn official disclosure regarding Strategy’s recent Bitcoin acquisitions is not expected to be filed with the US Securities and Exchange Commission before Tuesday. The delay is due to federal offices being closed for the Columbus Day holiday on Monday.
Major stock and Bitcoin acquisitions in late SeptemberAs September ended, Strategy spent more than six times its normal weekly Bitcoin purchasing budget to repurchase one of its preferred stocks. The company acquired 334 BTC for $28.7 million between September 28 and October 4. This increased its total holdings to 848,000 BTC, based on an October 5 SEC 8-K filing.
Additionally, Strategy repurchased approximately 1.77 million shares of its STRC preferred stock for $176.3 million during the same period.
The pattern of significant acquisitions in both Bitcoin and preferred shares has led observers to consider whether Strategy aims to preserve cash on hand for potential future Bitcoin purchases.
Strategy is a business intelligence and technology company known for its aggressive Bitcoin investment strategy. Led by Michael Saylor, the company regularly allocates company resources to add to its cryptocurrency reserves.
Mini dictionary: 8-K form, an official filing that publicly traded US companies submit to the SEC to report major events or corporate changes that shareholders should know about.
Analysts weigh in on capital allocationIndependent analyst Shanaka Anslem Perera observed that Strategy raised $5.41 billion from new common share sales during the third quarter. According to Perera, the company ended the period with 1,666 more BTC than it held at the close of June.
Perera detailed in his monthly newsletter on Bitcoin and crypto that Strategy’s SEC filings direct 9.5% of the newly raised funds towards Bitcoin purchases. Other allocations included building dollar reserves, paying cash dividends, and buying back preferred shares.
“The question for investors is what the financing left behind. For a shareholder, bitcoin per share is only part of the answer. Cash counts too, while debt and preferred shares have claims ahead of common stock. Raising capital does not necessarily mean buying bitcoin.”
Perera argued that although raising capital could enable future Bitcoin purchases, much of the funds are dedicated to strengthening the company’s balance sheet and rewarding preferred shareholders.
“That does not mean they stopped buying BTC. Cash retained can fund later purchases, and strengthening the balance sheet can benefit shareholders.”
Market watchers continue to monitor Strategy’s capital management and Bitcoin acquisition strategy for signs of further significant moves in the digital asset market.
Following Bitcoin’s recent surge above $85,000, the indicator known as the “Seller Exhaustion Indicator” has resurfaced. According to analyst Darkfost, this indicator, which assesses both the supply of profitable assets and market volatility, has reached a point where potential selling pressure is rapidly increasing.
The change in the indicator is particularly noticeable among short-term Bitcoin investors. The current level matches the critical zone previously seen in the current market cycle, along with the local peak. However, this does not necessarily mean that Bitcoin investors are currently engaged in heavy selling. The analysis shows that the amount of coins that could turn into profit-taking has increased as the price rises.
From now on, new demand entering the market will be decisive. According to the analyst, if demand offsets potential sales, the rise may continue. Conversely, weakening purchases, coupled with profit-taking by short-term investors, could increase the risk of a sharper correction in Bitcoin.
The chart shows that the Seller Exhaustion Indicator is on the rise. At the time of writing, the price of Bitcoin is trading at approximately $83,000.
*This is not investment advice.
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The company Strategy may soon strengthen its bitcoin reserves, after a new message from Michael Saylor published on October 11. The leader shared an orange chart that renews speculation about an upcoming acquisition. This publication comes a few days after a purchase of 334 BTC, valued at $28.7 million. However, the company’s cash reserves must also cover its financial obligations, including dividends and debt interest.
In brief Michael Saylor posts a new hint suggesting an additional bitcoin purchase by Strategy. Strategy’s portfolio reaches 848,000 BTC, valued at $70.48 billion. The company recently purchased 334 BTC for $28.7 million. Strategy financed this acquisition through the sale of MSTR shares and available cash. Its dollar reserves must also cover dividends and debt interest. On October 11, Michael Saylor published on X a new message suggesting a possible bitcoin acquisition by Strategy. The company’s executive chairman accompanied his post with a chart showing the successive purchases made by the company. The orange circles represent the different operations made over time. “There is always room for more orange,” he wrote, without directly announcing a new transaction.
The chart presents a portfolio of 848,000 BTC, with a value reaching $70.48 billion. It also indicates an average acquisition cost of about $75,441 per unit. According to the transaction history of Strategy, the company has completed 117 purchase operations. This data allows tracking the evolution of its reserves and comparing acquisitions against market prices.
However, the displayed value depends directly on the market price at the considered time. A price fluctuation can thus modify the total portfolio value without causing movement in the reserves. The 848,000 BTC balance corresponds to declared holdings as of October 4. A new official communication will help verify if Saylor’s last message indeed announces an additional purchase.
Precedents Strengthen Speculation Around Strategy’s Bitcoin Purchases Michael Saylor’s posts themed around the color orange have previously preceded several purchase announcements. On October 4, the leader had written “More orange than ever” while sharing a chart dedicated to his company’s reserves. At that time, it displayed 847,666 BTC, the balance communicated before the next update. The message thus drew attention to a possible new treasury operation.
The next day, Strategy confirmed the purchase of 334 BTC totaling $28.7 million, including fees and expenses. The company had made this acquisition between October 1 and 4. Its average price was about $85,839 per bitcoin, exceeding the portfolio’s historical average cost. This announcement confirmed the completion of a new operation after the message was posted the previous Sunday.
A comparable precedent appeared at the end of September. On September 27, Saylor posted another message mentioning adding more orange. Strategy had previously announced the purchase of 950 BTC on September 21, then declared an additional acquisition of 1,665 BTC for the week ending September 27. These episodes explain why observers follow the leader’s posts. However, a suggestive message does not constitute official purchase confirmation.
A Purchase Financed by Shares and Available Cash The last confirmed operation shows how Strategy finances its bitcoin purchases. According to its financial report published on October 5, the company mobilized two funding sources to acquire the 334 BTC. The sale of new ordinary MSTR shares generated $15.7 million. The company supplemented this amount with $13 million taken from its dollar cash reserves.
This allocation brings the total declared cost of historical acquisitions to about $63.97 billion. It also illustrates the role of equity financing in the company’s treasury strategy. At the same time, available cash supports operations without relying solely on new issuances. Future announcements will need to clarify whether Strategy maintains this approach for potential additional purchases.
Michael Saylor has long advocated the use of bitcoin to preserve economic value in digital form. In August, he presented this characteristic as a major advancement, enabling individuals, companies, machines, and governments to control this value. This vision remains at the core of Strategy’s accumulation policy. Nonetheless, the company must also preserve resources necessary for its other financial commitments.
Dollar Reserves Remain Essential to Strategy’s Obligations Beyond its cryptocurrency acquisitions, Strategy must finance several commitments to its investors and creditors. Its dollar reserves are notably used to pay dividends related to preferred shares and interest on its outstanding debt. These expenses require separate management of funds dedicated to BTC purchases. The company must therefore arbitrate between accumulating new assets and maintaining sufficient liquidity.
As of October 4, Strategy had a reserve of $4.88 billion allocated to cover these payments. It also held an additional $833.4 million in cash for general needs. This second envelope can notably support cryptocurrency acquisitions and capital management. These amounts demonstrate that the company retains resources allocated to multiple objectives beyond its purchase policy alone.
The October 11 publication does not, however, allow determining whether a new transaction has already been made or is only considered. The next Strategy report will need to provide concrete elements on the evolution of its reserves. If the company confirms a new purchase, investors will be able to assess its amount, financing, and effect on the portfolio’s average cost. Until then, bitcoin remains central to Saylor’s strategy, while balancing accumulation and financial obligations remains an important factor for the company’s upcoming decisions.
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Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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XRP rebounded from the recent lows but it's still down by over 7% weekly.
The past week didn’t go well for the entire cryptocurrency market, with prices falling to local lows after BTC was rejected at $87,000 and dragged most altcoins with it.
The ETF flows were among the reasons behind the market-wide correction, as almost all exchange-traded funds tracking crypto assets were in the red. Almost all.
XRP ETFs Defy the Trend We will discuss in detail the major outflows from the spot BTC and ETH ETFs in another article, but we will just mention the end results here: $681 million in net outflows from the former, and $542 million from the latter. The funds tracking SOL bled out as well, with nearly $25 million taken out.
And then there were the XRP ETFs. Not only were they not in the red last week, but they actually performed better than the previous five-day trading period. Although there were three (out of five) trading days with no reportable action, which obviously is not ideal, they still attracted $3.14 million on October 6 and $8.17 million on October 8, ending the week with $11.31 million in net inflows.
Once again, the cumulative total net inflows hit a new all-time high of $1.8 billion. The week wasn’t perfect, as mentioned above, but it still extended the green-only streak to 13 consecutive weeks. It started in mid-July, and the financial vehicles have attracted over $300 million since then.
Bitwise’s XRP ETF remains the undisputed market leader, with cumulative net inflows of almost $688 million. Franklin Templeton’s XRPZ follows with $509 million, while Canary Capital’s XRPC is third with $487 million.
Spot XRP ETF Inflows. Source: SoSoValue XRP Still Suffers The ETF demand for Ripple’s cross-border token failed to prevent a price crash. The entire market unraveled in the past week, especially on Thursday, and XRP joined the ride south. The asset traded above $1.51 on Monday and Tuesday as analysts outlined the next major targets above $1.60 if it managed to break past that level, but the reality was different.
You may also like: BTC, ETH, XRP Crash Sparks Whale Accumulation as Buy Signals Appear Important Ripple News and XRP Price Update: October 8 XRP Nears Key Breakout as Analyst Eyes $2 Target: But Here’s the Catch XRP was rejected immediately, and the market-wide pullback drove it south hard to $1.32 on Thursday evening. This became a three-week low for the token, which finally rebounded after this calamity and currently stands at $1.40. Despite this recovery, XRP is still 7% down weekly, and analysts are still bullish even if it falls to $1.20 next.
XRP’s recovery is losing ground after sellers broke the $1.44–$1.45 support zone that had been holding since the September breakout. This decline raises the risk of another decline.
Previously, the token had been trading in a range-bound environment for over two weeks between $1.44 and $1.56. Later on, Ripple’s [XRP] selling accelerated on the 7th of October as sellers gained more steam.
That breakdown pushed the price toward $1.32, where buyers stepped in and triggered a modest rebound up to $1.39, where it was trading at the time of writing. Still, the token shows minimal momentum, with small candles suggesting limited buying conviction.
Source: TradingView Meanwhile, on the other hand, the former support at $1.44–$1.45 has become immediate resistance. As a result, this leaves the recovery open to being rejected again by sellers if they are able to retake control.
A retest of the $1.34 area would be expected if sellers successfully regain control. Yet, reclaiming the $1.45 level with significant volume would allow XRP to continue upward momentum toward $1.50, then possibly $1.56.
Open Interest drops 69% from its 2025 peak XRP’s recent price weakness is unfolding alongside an extremely large reset on leveraged trading, influencing the way investors are viewing the markets. Binance Open Interest (OI) peaked in 2025, reaching over $1.5 billion during the speculative highs.
However, it has since decreased by over 68% to roughly $464 million, showing that substantial speculative exposure has disappeared. Moreover, OI dropped sharply in late 2025 as XRP’s price began losing momentum, and it has remained subdued through 2026.
Source: CryptoQuant The decline in OI may result in less volatility due to liquidations and potentially provide a more stable base for the price. However, this lower amount of OI indicates there is less conviction among participants and significantly limited fresh capital.
Therefore, XRP requires increasing OI alongside improving price action to indicate that participants have returned, rather than simply the return of speculators.
XRP accumulation hits 100 With XRP’s derivatives market showing limited speculative participation, its latest price action suggests buyers may be rebuilding positions through accumulation. After falling sharply toward $1.32, XRP recovered toward $1.41, but the rebound has since stalled near $1.405.
The accumulation score has now reached 100/100. This simply indicates an overwhelming accumulation condition despite the incomplete recovery.
In addition to that, a 45% accumulation volume bias suggests buying interest is present. Still, this is despite it not producing a decisive breakout.
Source: X Meanwhile, falling MACD momentum and an Average Directional Index (ADX) reading of 13.5 indicate that directional strength remains weak. This creates a mixed outlook where, on one side, sustained accumulation could support a firmer base.
However, failure to hold at $1.40 risks renewed selling. Reclaiming $1.41 would strengthen recovery prospects.
Final Summary Ripple faces renewed downside risk after losing $1.44 support. XRP accumulation is rising, but recovery needs a break above $1.45.
Retail participants in the $XRP community are often characterized by a strong sense of optimism, fueled by bullish predictions and speculations on social media. Gina, known online as @Gina_XRP, offered a different perspective by challenging the ongoing enthusiasm surrounding the asset.
Gina’s caution for potential XRP buyersGina addressed newcomers considering an investment in XRP, urging them to look past the hype typically shared across the internet and on platforms like YouTube. She identified much of this promotional content as recycled narratives circulated by influencers for several years.
She specifically warned against expecting rapid or dramatic returns, such as 5x, 10x, or even 100x gains, in the near future. Gina emphasized that such outcomes are unlikely anytime soon, highlighting the risk that buyers may face a prolonged waiting period accompanied by a steady stream of repeated optimism.
“All the hype stories you see and hear on the internet, social media, and YouTube from so-called influencers are the same type of talk that’s been going on for years. If you buy in hoping for a 5x, 10x, or 100x return, it’s not happening anytime soon. You may end up holding for years hearing the same recycled hype.”
Gina described her message as a rare expression of honesty amid persistent over-excitement, noting that while significant price movement could occur in the long term, investors should be prepared for a potentially extended journey.
XRP’s historical price contextXRP, launched by Ripple Labs in 2012, reached an all-time high above $3 in January 2018, before entering a prolonged consolidation phase. The price did not revisit these levels until July 2025, when it briefly touched $3.65. For much of this period, XRP traded near $0.5.
Analysts link much of this stagnation to Ripple’s drawn-out legal battle with the US Securities and Exchange Commission (SEC), which created uncertainty in the market. Despite seeing significant gains in 2025, XRP has since corrected and now trades at $1.40.
Investors who purchased during the 2018 peak waited more than seven years to see a comparable price. Similarly, those buying at the 2025 high could face further delays before new highs emerge.
YearXRP Peak PriceApproximate Wait for Next High2018$3.007 years (until 2025)2025$3.65OngoingHer comments generated a range of responses. Some community members supported Gina’s realism, acknowledging that many newcomers were drawn by exaggerated profit expectations. Others criticized her approach, questioning her motivations and accusing her of negativity.
While some agreed with her caution, others claimed her post had no factual basis, with a few labeling it as pessimistic or even contradictory to her previous messages.
Some supporters highlighted the potential for large gains if invested wisely and patiently. One user mentioned that a $1 billion investment with substantial leverage could hypothetically yield a tenfold return. Meanwhile, long-term holders expressed conviction that an eventual breakout would reward their patience, with several vowing to hold for another decade if necessary.
Ripple Labs, the company behind XRP, has taken a central role in the cryptocurrency’s development and legal strategy. It focuses on facilitating cross-border payments and enabling real-time value transfers for financial institutions.
Mini dictionary: Ripple Labs, founded in 2012, is a fintech company that developed the XRP Ledger and the digital asset XRP, targeting efficient and cost-effective cross-border payments for banks and payment providers.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP Kuwait validator has issued an open rebuttal to accusations that it has lost its independence following an emergency network update. The recent release of xrpld 3.4.1, a critical security patch that node operators installed almost simultaneously, sparked heated discussions across the crypto community.
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Such a response prompted accusations of hidden centralization within the XRP Ledger. However, XRP Kuwait categorically rejected this claim, stating that a shared risk assessment and a coordinated response to threats have nothing to do with the concept of centralized control.
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"We disagree with the claim that operators coordinating an update is, in itself, proof of centralized control. Coordination is not the same as control. Participating in a coordinated response does not replace our independent judgment," — XRP Kuwait representatives stated.
Why everyone is now debating XRP independenceThe validator was forced to take emergency measures after a payment engine vulnerability involving an integer overflow, which had remained undetected in the code since 2015. When processing hundreds of trade offers, the total exceeded the variable's limit and reset to zero.
As a result, recipients received their full amounts, while only a tiny "remainder" was deducted from the sender's account. The difference effectively generated new, unauthorized XRP coins outside the rules governing issuance.
The fact that this built-in safeguard, known as the invariant check, failed to detect the problem because of a similar overflow is exactly what fueled the fire. Because the protection mechanism was activated on nodes immediately after the software upgrade, without a network-wide vote, critics immediately questioned how independent the network's validators truly are if such sweeping changes can bypass standard governance.
A second patch closed a vulnerability in the Batch mechanism (XLS-56), where servers accepted inner transactions without the required RawTransaction wrapper. This threatened to cause software version divergence, consensus disputes, and a potential blockchain shutdown. The fix was tied to the fixBatchV1_2 amendment, which was successfully activated on Mainnet on October 9.
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According to the XRPL Foundation, the vulnerabilities were eliminated before attackers became aware of them. No loss of funds has been recorded, and all servers running older versions are now fully amendment-blocked and cut off from synchronization.
Yet it is the compliance of the validators during this emergency that triggered the current industry-wide standoff. In response, XRP Kuwait openly acknowledged that the network faces systemic decentralization challenges: "We do not claim that XRPL has no decentralization challenges."
Nevertheless, the validator emphasized that protecting ledger stability during critical incidents is fully compatible with the principles of technological autonomy, arguing that a swift, coordinated defense does not mean a lack of real independence.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Ledger eyes crucial fixes and improvements over the next few days. According to XRPScan data, fixCleanup3_4_0 began its two-week activation window on October 5, 2026, with the earliest activation date being 9:34 AM UTC on October 23, 2026.
Validator support for the fixCleanup3_4_0 amendment must stay above 80% for it to launch. If it slips to 80% or lower even once, the amendment is rejected and the 14-day timer starts over.
This fixCleanup3_4_0 amendment is a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, trust lines, NFTs, MPTs, Escrow, Sponsorship, transaction signing, and permission delegation.
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FixCleanup3_4_0, which bundles amendment-gated fixes, was shipped in Version 3.4.0 of xrpld, the reference server implementation of the XRP Ledger protocol, and entered voting on September 17, 2026. The amendment has 81.25% consensus, with 26 out of 32 validators having voted for it.
The Permission Delegation and Batch amendments went live as a key milestone in the past week. The fixCleanup3_4_0 amendment is essential for Permission Delegation, as until it is enabled, users would not be able to delegate the PaymentBurn granular permission. Before the fix, a delegate with the PaymentBurn granular permission could also mint new fungible tokens (trust line tokens or MPTs) in certain circumstances. Other granular permissions are unaffected.
Wide-ranging protocol fixes anticipatedThis fixCleanup3_4_0 amendment is a collection of fixes: it excludes deleted domain offers from the Permissioned DEX invariant, so replacing an offer in one domain with an offer in another no longer triggers a violation.
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The fix prevents 'AMMClawback' from silently recovering zero when integer MPT rounding floors the amount, instead of burning the holder's LP tokens for nothing, and allows AMMClawback to bypass the owner-reserve check when it must auto-create the paired asset holding, so a compliance clawback is not blocked or vetoed by reserve requirements.
The fix rejects fake-XRP NFT offer amounts, exempts an IOU issuer from their own global freeze when creating an NFToken offer denominated in their own currency, and tightens permissioned DEX domain checks. It also recycles the escrow owner reserve in EscrowCancel and EscrowFinish, so returning IOUs to an owner at the reserve boundary no longer fails. It adds precision and rounding fixes across VaultDeposit, VaultWithdraw, and VaultClawback, so a vault's tracked total assets, available assets, and share supply stay consistent.
The fix refines freeze, authorization, credential, and destination handling for Single Asset Vaults and the Lending Protocol; for example, exempting loan defaults from asset freeze, refusing pseudo-accounts where they cannot participate, and validating permissioned-domain withdrawal destinations and rejecting 'PaymentBurn' payments that cross a zero balance.
The XRP Ledger is moving toward significant protocol improvements, as the fixCleanup3_4_0 amendment advances through its approval process. Data from XRPScan indicates that the amendment’s two-week activation window started on October 5, 2026. The earliest possible activation is scheduled for 9:34 AM UTC on October 23, 2026, provided it maintains the required validator support.
Validator Consensus and Launch MechanicsFor the fixCleanup3_4_0 amendment to become active, validator support must stay above 80% continuously during the voting period. If support falls to 80% or below at any point, the proposed changes are rejected, triggering a fresh 14-day voting cycle. As of now, consensus stands at 81.25%, with 26 out of 32 validators in favor, according to the latest figures.
The fixCleanup3_4_0 package includes multiple protocol enhancements and has been distributed as part of Version 3.4.0 of xrpld, the reference server implementation for the XRP Ledger. Voting for this amendment began on September 17, 2026.
Mini dictionary: xrpld, a reference implementation of the XRP Ledger protocol, serves as the backbone for nodes participating in the XRP Ledger, supporting transaction processing and amendment deployment.
Technical Enhancements and AmendmentsThe update brings targeted fixes across several XRP Ledger features, such as Single Asset Vaults, the Lending Protocol, Automated Market Makers (AMMs), the permissioned decentralized exchange (DEX), trust lines, non-fungible tokens (NFTs), MPTs, escrow, and permission handling for transactions and sponsorships.
Recent milestones include the activation of both the Permission Delegation and Batch amendments. Permission Delegation enables one account to delegate specific transaction permissions to another, enhancing access control mechanisms. However, full functional deployment relies on fixCleanup3_4_0 becoming active. Until then, users are unable to delegate the PaymentBurn granular permission. There have been cases where, without this fix, delegates with PaymentBurn permission could mint new fungible tokens under specific circumstances, which this update aims to correct.
In its current form, fixCleanup3_4_0 ensures a delegate with PaymentBurn permission cannot mint new tokens in scenarios where this was previously possible, maintaining proper separation of permissions and enhancing system security.
Improvements to Protocol Integrity and Asset HandlingAmong its technical corrections, fixCleanup3_4_0 removes deleted domain offers from the Permissioned DEX invariant, enabling seamless replacements across domains without triggering violations. The amendment also prevents the ‘AMMClawback’ functionality from returning zero when integer rounding reduces an MPT amount to nothing, and permits this function to bypass the owner-reserve check when creating a paired asset holding, facilitating compliance-sensitive clawbacks.
FeaturePrevious BehaviorPost-Amendment BehaviorPermissioned DEX domain offersReplacing offers between domains could cause violationsOffer replacement does not trigger invariant violationAMMClawback with zero valuePossible silent return with LP token burnNo tokens burned when result is zeroPaymentBurn permissionDelegates could mint tokens under certain conditionsStrict separation, token mint blockedThe amendment also addresses NFT offer validity, exempts issuers from their own global freeze rule when making NFToken offers in their currency, and enforces stricter permissioned DEX domain checks. For escrow-related transactions, it recycles the owner reserve for EscrowCancel and EscrowFinish, ensuring IOUs are returned efficiently at reserve limits. Additionally, it includes precision and rounding corrections for vault operations, keeping asset totals and share supply accurate and consistent.
Enhanced Control and Compliance FeaturesFor Single Asset Vaults and the Lending Protocol, fixCleanup3_4_0 enhances how the protocol manages freeze status, authorization, credentials, and destination restrictions. The update exempts loan defaults from asset freezes, blocks unauthorized pseudo-accounts, validates withdrawal destinations in permissioned domains, and rejects PaymentBurn transactions that attempt to process zero balances. These refinements are designed to improve compliance and ensure consistent transaction outcomes across the affected features.
FixCleanup3_4_0 introduces precision to asset handling and permission logic, supporting both institutional and individual users with improved security and reliability throughout the XRP Ledger network.
XRPL AI Hub recorded 13.49 million agentic transactions in October, marking rapid growth in autonomous payments across 168 registered merchants on the XRP Ledger. However, while the number of transactions soared, the value of funds actually moved through these payments stayed relatively modest.
XRP Ledger AI transactions accelerateJ. Ayo Akinyele, head of engineering at RippleX, noted an uptick in the adoption of automated payments within the XRP Ledger. In early October, agentic transactions reportedly made up roughly a quarter of all activity on the network during a given period.
Back in July, XRPL’s AI payments totaled just over one million transactions. By early September, nearly four million agentic transactions had been recorded, reflecting accelerating use by automated software agents.
Agentic payments, enabled by the x402 protocol, let autonomous software purchase digital services like API access, computing resources, or AI inference. These systems pay using either XRP, a native cryptocurrency, or RLUSD, a ripple-anchored stablecoin.
The x402 protocol first brought automated payment capabilities to blockchain-based software agents, eliminating the need for manual confirmation for each transaction.
Mini dictionary: x402 protocol, a payment protocol developed by XRPL that enables automated and autonomous transactions between AI agents and decentralized services, allowing for seamless machine-to-machine payments on the blockchain.
Transaction volume versus settlement valueDespite the impressive surge in transactions, settled value through the XRPL AI Hub paints a different picture. Around the October milestone, total cumulative settlements reached only 6,982 XRP and 12,010 RLUSD.
Compared with 13.49 million transactions, these figures suggest most payments are for very small amounts, indicating activity focused on microtransactions rather than significant commercial transfers.
The data does not clarify whether these payments involve independent customers or mostly represent automated, recurring transactions between systems. As such, high transaction numbers alone do not confirm broad commercial adoption.
MetricValue (October)Total agentic transactions13,490,000XRPL merchants168Total XRP settled6,982 XRPTotal RLUSD settled12,010 RLUSDSustained increases in both settlement volume and participation from paying users would provide clearer evidence of widespread adoption, beyond what rapid transaction growth alone shows.
Agentic transactions now account for a significant share of activity on the XRP Ledger, but the low settlement values indicate that the majority involve low-value microservices rather than substantial commercial flows.
Tools for developers and the roles of XRP and RLUSDRipple, a technology company focused on enterprise blockchain solutions, launched its XRPL AI Starter Kit in June to support developers building autonomous payment solutions. The kit offers wallet integration tools and supports both XRP and RLUSD for settlements, giving developers flexibility in how digital services are paid for.
Coinpaper, a digital asset publication, explained that RLUSD provides price stability for digital service transactions, while XRP natively powers value transfers on the network and settles transaction fees.
AssetPrimary PurposeXRPNative value transfer, covers transaction feesRLUSDStable pricing for services, dollar-pegged
A critical software vulnerability in the XRP Ledger (XRPL) protocol has been patched following the discovery of a flaw that could have allowed malicious actors to generate XRP tokens beyond the limits set by the network’s rules.
Integer overflow exposed supply riskThe issue emerged from an integer overflow in XRPL’s payment engine, a core component responsible for processing payments involving multiple assets on the ledger. Under certain conditions, transactions that consumed a large number of specially crafted offers could cause the system to miscalculate the amount of XRP owed by the sender.
Instead of failing transactions that surpassed the representable numerical range, the ledger would incorrectly “wrap around” the excess, reducing the calculated total to a much smaller figure. Recipients would receive full payment, but the sender would only lose the incorrect, reduced total of XRP, rather than the true sum.
This discrepancy meant that attackers could artificially inflate the supply of XRP, effectively bypassing the cryptocurrency’s supply limitations. The vulnerability also undermined the network’s detection safeguards, as its anti-creation mechanisms depended on the same arithmetic, allowing unauthorized XRP generation to go undetected.
During controlled testing, researchers confirmed the flaw enabled the unauthorized creation and subsequent transfer of XRP that did not exist prior to the exploit.
Mini dictionary: Integer overflow, a programming error where a calculation exceeds the computer’s storage capacity, can cause extremely large numbers to “wrap around” to a much smaller value, leading to serious security risks in financial and cryptographic systems.
Disclosure and emergency patchSecurity researchers Cayden Liao and Veria AI reported the vulnerability to XRPL’s bug bounty program on September 22. After reviewing the discovery, developers upgraded its classification from major to critical due to the risk of systemic compromise to the network.
Developers concluded that if the usual protocol amendment process was followed, the vulnerability could become public before a sufficient number of validators had protected the network, increasing the likelihood of exploitation.
On September 25, version 3.4.1 of the core implementation, xrpld, was released, adding additional overflow checks and reinforcing supply-protection mechanisms. Unlike standard protocol changes, which require over 80% of validators to approve an amendment for two consecutive weeks, this emergency update took effect as validators upgraded their software immediately.
By September 25, more than 80% of trusted validators had deployed the patched version, closing the vulnerability before it could be broadly exploited. Coinpaper previously covered the XRPL emergency release, though the full technical context became public only in October.
Additional vulnerabilities and governance debateIn an October 9 report, researchers also identified a separate problem involving Batch transactions that threatened to disrupt consensus across the XRPL network. Developers mitigated this risk through an additional amendment, fixBatchV1_2, which went live alongside BatchV1_1 on October 9.
These incidents follow a series of upgrade delays on XRPL, sparking ongoing discussion about network governance and the need for rapid, coordinated responses to critical security issues. The events have once again highlighted questions surrounding decision-making and transparency within the XRP Ledger community.
At 00:04 UTC on October 10, 2026, XRPL published the full source for xrpld 3.4.1, the emergency release that closed a payment-engine overflow. The researcher who reported it said a single crafted transaction could create 18 trillion $XRP, or 184 times the intended 100 billion supply.
The official disclosure says the bug let an attacker create $XRP from nothing and spend it like ordinary $XRP. RippleX reproduced the mint on a standalone server, verified that the new $XRP could be spent in a follow-up payment, and raised the finding from major to critical. XRPL says it found no evidence that anyone exploited the flaw on a public network.
The report arrived through the XRPL Bug Bounty program on September 22. Engineers developed and reviewed the fix over September 22 and 23, merged it into the xrpld 3.4.1 release branch on September 23, and released version 3.4.1 on September 25. More than 80 percent of validators on the default Unique Node List were running the patched version that day.
How one payment could create $XRP The exploit started with a few hundred attacker-controlled accounts. Each account placed an offer selling a tiny amount of another token for a very large amount of $XRP. Every offer was valid on its own. A payment from another account then consumed all those offers in one pass through the order book.
XRPL stored $XRP amounts as fixed-size integers. The payment engine used unchecked 64-bit addition to calculate what the buyer owed across the offers. Once the sum exceeded the integer limit, it wrapped to a small value. The engine credited every offer owner with the full amount while charging the buyer only the wrapped total. The gap became newly created $XRP.
The protocol’s two relevant safety checks failed to stop it. The no-$XRP-created invariant also used a 64-bit accumulator, so its calculation wrapped in the same way and made the net change resemble an ordinary transaction fee. The per-account balance check could not detect the aggregate mint because the attacker spread the $XRP across hundreds of accounts, leaving each balance below the supply limit.
The attack required only a few hundred $XRP for account and offer reserves, plus normal transaction fees. The reserves would be returned after the objects were removed. It could not happen through a normal payment or trade. An attacker had to build hundreds of offers with prices no real trader would use and then submit a payment designed to consume them together.
The researcher said Veria’s agent found both underlying bugs, chained them, and produced a working exploit on a local network. Veria reported the issue through the bug bounty program after manually checking the proof of concept. Ripple awarded the team the program’s maximum $250,000 bounty. The researcher described it as the largest bounty paid for a vulnerability discovered entirely by an AI agent, while the official report credits Cayden Liao and Veria AI for the original report and proof of concept.
The disclosure says the overflow had been present since the current payment engine was written in 2015. The no-$XRP-created invariant arrived two years later with the same unchecked arithmetic. That left a safety check and the code it monitored vulnerable to the same failure mode.
What xrpld 3.4.1 changes The patch adds overflow checks when the payment engine totals amounts across offers. A sum that would overflow now fails cleanly with a normal path-dry or partial-payment result. The release also checks the step that combines results from multiple payment paths.
Developers widened the no-$XRP-created invariant’s counter so that it cannot wrap in the same way. They also hardened other balance-aggregation paths as a precaution. The source commit changed seven files with 168 additions and 10 deletions, including the payment path code and the invariant.
The repair separates the production guard from the backup invariant. Payment aggregation now refuses the invalid sum before balances change. The wider invariant remains a second line of defense if another transaction path ever attempts to create $XRP through a different arithmetic error. Operators therefore need the new binary even if their applications never construct unusual order-book routes, because transaction validity is enforced by the server rather than the client.
XRPL shipped the payment fix without an amendment. Transaction-processing changes normally activate only after more than 80 percent of trusted validators support an amendment for two weeks. That route would have exposed the bug in public source while leaving it usable during the upgrade and voting window.
Direct activation created a different risk. During the upgrade, patched servers would reject the exploit while older servers would accept it. An attempted exploit could therefore have pushed old nodes out of sync or halted validation. XRPL judged that temporary risk safer than publishing an open minting exploit that would remain active for weeks.
For operators, the requirement is immediate: servers must run xrpld 3.4.1 or newer to stay synchronized. Older releases are now amendment blocked because the same release also included fixBatchV1_2, which became active on October 9. Payment and trading interfaces should treat a path-dry or partial-payment response on an extreme aggregate as the intended result rather than retrying around it.
For holders and venues, the important result is that XRPL found no public-network exploitation and says the malformed offers could not practically block normal payments. Their pricing put them below real liquidity, so ordinary payment and path-finding results did not reach them. The remaining open question is whether the new release re-verification step, which retests every fixed security finding against a release candidate, will uncover other arithmetic assumptions shared by transaction code and its invariants.
XRP is currently trading around $1.40, following an extended decline from its all-time high of $3.65. The latest price movement highlights continued selling pressure but also attracts attention from market commentators monitoring potential signs of recovery.
Technical overviewOn the weekly chart for Binance, XRP’s price shows a significant pullback from prior peak levels. The recent consolidation is visible near a key support zone, which analysts identify between approximately $0.80 and $1. This area represents structural support that has absorbed selling in previous phases.
Crypto analyst Xaif (@Xaif_Crypto) has noted that XRP appears to be “attempting to build a base around $1.40.” He emphasizes that this zone could play a pivotal role for future price action, especially as traders watch for signs of renewed momentum.
XRP is attempting to build a base around $1.40 after a sharp correction, according to Xaif. If buyers regain control, the next significant resistance areas are in the $2.00–$3.00 range.
Technically, XRP now hovers above its orange moving average on the weekly time frame. This is often considered a constructive sign during consolidation, as maintaining price action above such an average can provide a platform for recovery moves.
Key chart signalsIndicators such as the Weekly Momentum Pyramid System and LuxAlgo’s Order Block Detector currently show XRP at Stage 0 near its present value. This stage signals the potential early phase of a new momentum cycle.
Above the current level, the chart’s red resistance band stretches from about $2 to $3.60. This region includes the $2-$3 range that has previously proven a challenge for XRP bulls. According to Xaif, a move through these resistance levels could indicate a major shift in sentiment, provided the $1.40 base remains intact.
Xaif is a cryptocurrency analyst known for technical chart analysis and trend monitoring among digital assets.
Mini dictionary: LuxAlgo’s Order Block Detector – A technical analysis tool designed to identify key order block zones in price charts, helping traders spot areas of likely price reversals or high liquidity.
Price AreaSignificance$0.80–$1Key historical support zone$1.40Current base-building area$2–$3.60Major resistance zone$3.65All-time highCorrection and recovery prospectsXRP’s recent correction wiped out a considerable portion of the gains it made after climbing from multi-year lows to over $3. The move lasted several months, and the token now closes weekly candles around $1.40, reflecting the sustained downtrend.
Despite the pullback, XRP’s price still remains well above the important green support band. During past cycles, this area consistently attracted renewed buying interest, as visible in earlier chart history.
Xaif suggests that XRP’s recovery potential hinges on two conditions: holding the $1.40 base and breaking through resistance at $2–$3. Chart patterns indicate possible repeated tests of this resistance region rather than an immediate breakout.
The chart’s wave patterns within the resistance area suggest price could oscillate multiple times before any decisive movement above $3. The performance of XRP in the coming weeks will likely determine whether the current base can support another recovery move, or if price action weakens further toward lower support levels.
The XRP investor community remains divided over price expectations, with many questioning whether long-held price targets of hundreds or even thousands of dollars per token are attainable. Recent conversations among community members on social media have placed a spotlight on what some describe as more realistic objectives for XRP’s potential value.
Price targets spark debateA prominent community member argued that a $15 to $20 price range is a more grounded expectation for XRP, suggesting that a consistent value between $5 and $10 per token should already be viewed as a highly positive outcome for investors. Her remarks echoed growing sentiments within the community that extraordinary price projections are likely out of reach for the foreseeable future.
Digital Asset Investor, a widely followed influencer and early advocate of XRP, responded to this view. He agreed with the conservative price perspective but maintained a personal strategy that differs from many others in the community.
Many investors in the XRP community are likely to sell at $5-$10, considering the long wait for price appreciation. While others may take profits at those levels, holding onto a core position is a strategy some prefer for potentially larger gains.
He reinforced his approach with a comment, stating he might purchase something with some profits when those prices are reached but would not sell his core holdings at $5 to $10. Digital Asset Investor’s resolve reflects his long-term stance that holding XRP could bring greater rewards in the future, particularly in the event of substantial market moves or greater institutional adoption.
Reference to Evernorth and institutional trendsContinuing his argument, Digital Asset Investor pointed to Evernorth’s acquisition of 473 million XRP tokens, as well as the company’s strategy of lending XRP to institutions and integrating the asset with decentralized finance platforms. He cited these developments as indicators that institutional demand may play a crucial role in determining XRP’s long-term value.
He has also referenced what he describes as “pressure building” in the current market, with investors and analysts alike watching for a significant breakout. In this context, taking profits in the $5 to $10 range would be inconsistent with expectations of a potentially much larger rally.
Mini dictionary: Evernorth, an American healthcare company, is reported to hold a significant sum of XRP and has shown interest in using digital assets for institutional finance, adding credibility to speculation about greater mainstream crypto usage.
Mixed reactions among XRP holdersCommunity reactions to these differing strategies varied widely. Some users predicted that XRP could surge to three-digit prices once alleged price suppression ends, claiming current levels are not reflective of real demand. Others compared early selling to missing substantial future gains, likening it to abandoning a diamond mine after finding only the first stone.
Several community members noted that even current XRP prices have already far outpaced their own entry points, with some investors reminding peers that dissatisfaction and upward expectations are persistent regardless of price appreciation. There were also calls for realistic expectations, with some users urging investors to rely on tangible results rather than speculation. Skeptics questioned whether even the $5 to $10 range would materialize, projecting that such targets may not arrive until as late as 2050.
Expectations around $5 to $10 for $XRP are driving many holders to consider their exit strategies, but uncertainty remains over how soon these levels may be seen and whether higher targets are achievable.
Some holders described alternate approaches, such as borrowing against XRP rather than selling, while others planned to recoup initial investments at current levels and retain the rest in hopes of reaching much higher prices in the future.
Starknet's native token $STRK surged over 100% on the week after the Ethereum Layer 2 announced it is actively considering a move to become an independent Layer 1 blockchain, with a 2027 quantum-resistance target.
@Starknet's native token $STRK has surged more than 107% over the past week, making it one of the standout performers in the crypto market. The catalyst: a statement from the @Starknet team saying it is actively weighing a transition from an Ethereum Layer 2 network into a fully independent Layer 1 blockchain.
The Announcement That Moved Markets The announcement came on October 8, 2026, when Starknet said on its official account: The statement was enough to send $STRK to its highest level in nine months.
It is worth noting that no final decision has been made.
What It Could Mean for the Broader L2 Ecosystem The market reaction has been striking enough to raise a broader question: could other @Ethereum L2 projects follow suit? The momentum around $STRK suggests investor appetite for L2 networks that signal a path toward greater protocol independence.
Traders should also keep an eye on near-term supply dynamics. Whether strong trading volumes can absorb that additional supply will be a key test of whether the rally has real staying power.
Sources:
STRK Token Outperforms Bitcoin to Hit 9-Month High, Yahoo Finance
STRK rallies as Starknet weighs a move from Ethereum layer 2 to its own layer 1, Crypto Briefing
STRK Price Rises as Starknet Targets Quantum-Resistant L1 by 2027, Crypto Times
XRP’s recent price performance remains in focus as discussion over exchange-traded funds, tokenization, and institutional adoption intensifies. Ongoing debates highlight the apparent disconnect between positive ecosystem developments and the cryptocurrency’s market value.
XRP ETF inflows contrast with broader market outflowsDigital Asset Investor, a well-known figure in the crypto community, raised questions about XRP’s price movement compared to other leading digital assets. He cited recent data showing that XRP-based ETFs recorded $8 million in net inflows on Thursday, while ETFs tracking Bitcoin, Ethereum, Solana, and Zcash posted net outflows during the same period.
XRP’s price recently dropped to $1.30 before recovering to around $1.38. Despite these inflows, prediction-market expectations suggest that XRP could move above $1.60 by October, a target that remains subject to ongoing speculation.
He commented on the tendency of crypto media to focus heavily on Bitcoin, claiming that XRP and its developments often receive less attention. He further emphasized the importance of distinguishing between XRP, the digital asset, and Ripple, its parent company, pointing out that this differentiation has implications for market perception.
XRP-based ETFs recorded $8 million in net inflows, even as Bitcoin, Ethereum, Solana, and Zcash ETFs posted outflows. Digital Asset Investor suggested that these flows could influence how wealth managers allocate new capital if the trend continues.
He stated that continued inflows to XRP ETFs, against a backdrop of outflows from Bitcoin-linked products, could eventually alter institutional capital allocation as investors reassess the distribution of funds.
Tokenization’s potential market shiftDigital Asset Investor also addressed the growing impact of tokenization in financial markets. He referenced International Monetary Fund data, noting that about $65 billion in assets have been tokenized so far, compared to roughly $300 trillion in traditional capital markets.
He argued that this significant gap demonstrates the substantial room for tokenization to expand. Drawing historical parallels, he compared the current stage of crypto adoption to the early internet era, a time marked by investor speculation ahead of widespread technological implementation.
According to his view, current crypto valuations largely reflect expectations for future blockchain adoption, rather than immediate utility. He linked the ongoing development of tokenized financial markets to the evolution of foundational blockchain infrastructure.
Further discussion included institutional-grade services such as prime brokerage and capital efficiency, with a focus on how these mechanisms could shape XRP’s role as tokenization becomes more widespread.
Mini dictionary: Tokenization is the process of converting real-world assets, such as bonds, stocks, or property, into digital tokens on a blockchain. This allows assets to be traded more efficiently and transparently, and can expand access to traditional financial instruments.
Institutional infrastructure and Evernorth’s XRP exposureA key topic included the “XRP absorption vehicle” concept referenced by Digital Asset Investor. He described Evernorth, a company with announced plans for a public-market transaction and a sizable XRP holding, as potentially instrumental in this area.
He argued that such a mechanism could absorb excess XRP supply and bring the asset under regulated public market structures. Broader developments included the expansion of institutional infrastructure around digital assets, such as Ripple Prime, which aims to facilitate institutional trading and custody.
He maintained that overall market evolution toward tokenization could increasingly blur the lines between crypto platforms and legacy financial institutions as they adopt each other’s practices.
Mini dictionary: Evernorth is a company involved in health services and solutions, with strategic interests in emerging sectors including digital assets. It has reportedly undertaken plans for public-market activities related to XRP holdings.
Regulation and market transparencyRegulatory clarity remained central to his thesis. Digital Asset Investor cited comments from former New York Governor Andrew Cuomo, who underscored the need for clear digital asset regulations in the US. He highlighted ongoing efforts in Congress to address these issues.
He also referenced statements from Commodity Futures Trading Commission officials about a potential federal regulatory framework that could enable regulated crypto platforms to offer services such as margin trading.
In conclusion, Digital Asset Investor noted that, despite high-profile advancements in tokenization, institutional infrastructure, and ETF inflows, XRP’s price does not always reflect these significant developments.
The ongoing disconnect between major ecosystem progress and XRP’s market price highlights the challenges of valuing digital assets during periods of regulatory and structural transition.
TLDR: Starknet price advanced more than 50% in 24 hours on Sunday, with one market update recording a 54.87% gain while Bitcoin remained nearly flat. StarkWare is considering an independent Layer 1 that could give Starknet control over security changes rather than depending on Ethereum’s migration schedule. Eli Ben-Sasson said Starknet could target full quantum resistance by 2027, while Ethereum’s published roadmap places core upgrades around 2029. Crypto Patel cited STRK targets at $0.22, $0.80 and $2.40, a 0.063–0.045 dip zone, and partial profit-taking as risk management. Starknet price gained more than 50% in 24 hours on Sunday as traders reacted to StarkWare’s warning that quantum computing could threaten blockchain signatures sooner than expected. Coingecko data shows a 54.87% daily rise at 06:00 UTC, while Bitcoin added just 0.25%. That Starknet price move followed CEO Eli Ben-Sasson’s comments about accelerating defenses against quantum and AI advances.
StarkWare is considering whether the Ethereum Layer 2 should become an independent Layer 1. No transition has been approved; the roadmap remains a target, not a finished upgrade. The security question has also become an important catalyst for short-term trading in STRK.
Starknet (STRK) Price Starknet Price Rally Follows a Quantum Security Warning Ben-Sasson said quantum threat “may be much closer than we think.” He argued that AI’s advances in mathematics could shorten the timeline for developing quantum computers capable of breaking wallet signatures. He did not say quantum computers can break signatures today; researchers still differ over when that capability may arrive.
Ben-Sasson’s “bunker mode” asks for suitable cryptography, frictionless upgrades, and possibly an independent L1. Starknet’s STARK proofs rely on hash functions considered quantum-resistant, but some elliptic-curve components remain on the roadmap. As an Ethereum L2, the network also relies on Ethereum’s security and upgrade timetable. The 2027 target does not mean every component is protected.
StarkWare has said it is actively considering an L1 transition, with 2027 as its target for becoming the first quantum-resistant network. Ethereum’s own stated goal for full L1 quantum resistance is around the end of 2029. Both dates remain targets. That two-year gap frames the debate. An independent L1 could give Starknet more control, but it would also make the network responsible for securing its own transactions.
We are actively considering becoming an L1.
This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target. https://t.co/yaFlkp0R1P
— Starknet (@Starknet) October 8, 2026
An L1 switch would raise questions about how applications, users, bridges and liquidity would move. StarkWare has not disclosed a full migration plan, and the network has not formally adopted the change. The proposal must advance through Starknet governance before it becomes an implementation decision. The roadmap remains under development as security headlines affect trading.
Starknet price outpaced a mostly quiet market. On Sunday, Bitcoin held near $83,000 and its sentiment was bearish with low chatter; Ethereum was nearly flat, while sentiment for ETH reportedly turned extremely bearish. STRK drew stronger attention. Retail sentiment shifted from bullish to extremely bullish, and message activity stayed extremely high, according to the platform’s indicators.
Starknet Price Faces Volatility After a Fast STRK Rally The Starknet price reaction mixes security concerns with speculative momentum; those forces can weaken independently as traders reassess the proposal and its execution timeline. Crypto Patel’s Starknet price analysis added a separate technical view on X. The commentator claimed STRK had advanced 437% from its cycle bottom and 215% from a breakout-zone retest, then listed targets of $0.22, $0.80 and $2.40. The analyst marked $0.063 to $0.045 as a possible buy-the-dip area and advised holders to consider partial profits. The levels are one trader’s thesis, not a StarkWare forecast.
Source: Crypto Patel/X Crypto Patel also cited a descending-channel breakout, a retest, and a change of character, or CHoCH, as signs he was watching for further entry. Chart patterns do not show whether buying will persist. A move far above a breakout zone can leave late buyers exposed if momentum fades or traders sell into strength.
For readers tracking the Starknet price, the mismatch between speculative targets and the token’s fast move matters. Technical analysis put STRK near $0.109 at 06:00 UTC, so the proposed dip zone sat materially below the reference price. That sat below the proposed buy-the-dip zone, while the analyst’s first upside target of $0.22 was about 102% above the Sunday reference price.
