Track market-moving stories before they get noisy

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.

2 hours ago

Papertrade responds to allegations of price manipulation and protocol vulnerabilities: The issue arises from loose position limits during its initial launch phase, and parameters have already begun to be tightened.

Papertrade’s official response to allegations of price manipulation exploits and critical protocol vulnerabilities states that it has never been feasible to grant equal priority to small and large orders. Doing so would lead to front-end congestion from spam transactions—a far worse outcome than the current queuing mechanism. Against these constraints, the team has designed the fair launch to be as inclusive as possible. Last night’s manipulation attempt targeting the BTC/ETH pair on Hyperliquid’s Best Bid Offer (BBO) was not a flaw in the six-month-developed mechanism. Such scenarios were already accounted for; the incident only occurred because position limits were set very loosely during the early launch phase to mitigate congestion. Had position limits been imposed during peak queuing demand, it would have only exacerbated slow user experiences. The queuing mechanism itself, due to uncertainty in entry/exit confirmation times, actually provides natural protection against manipulation. As congestion eases, the team has begun tightening position limits at both on-chain and relay levels. In such a system, manipulation attacks are always possible—the key is whether such attempts are economically viable. The official goal is to set parameters such that manipulation is almost never profitable. Even if successful, tail risks are extremely high, and the expected value is negative.

2 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.

2 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.

2 hours ago

Variational Launches On-Chain Trader Rewards Campaign

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.

2 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.

2 hours ago

Conflux [CFX] bounced back from $0.047 and broke out of a multi-month descending channel. The token held $0.05 before climbing to a five-month high of $0.064.

At press time, Conflux traded around $0.0604, up 17% on the daily charts. Over the same period, Trading Volume surged 1,071% to $157 million, reflecting a sharp increase in market activity.

The rally coincided with China’s reported call for a national blockchain network, putting Conflux’s domestic positioning back in the spotlight.

Is China’s blockchain push lifting Conflux? Source: X The Chinese Communist Party and State Council called for a national blockchain network as part of a broader economic blueprint.

The proposal also targeted an integrated computing power network, linking blockchain infrastructure with the country’s digital development plans.

Conflux [CFX] describes itself as China’s only regulatory-compliant public, permissionless blockchain. That positioning could explain renewed investor interest following the announcement.

However, the supplied evidence did not confirm a Conflux role in the proposed network. For traders, the immediate question is whether the policy excitement can sustain demand after the initial rally.

Market demand for the asset follows suit Notably, encouraged by recent developments, investors rushed into the market to position themselves strategically.

On the derivatives side, for example, Derivatives Volume climbed 2,007% to $449 million. At the same time, Open Interest surged 44% to $44 million.

Source: CoinGlass Such a massive jump in both OI and volume indicated increased participation with traders taking leveraged bets. Thus, investors aggressively opened new positions, both short and long.

On the spot side, traders also rushed to accumulate. On October 10, Conflux’s buy volume rose to 256 million before dropping to 37 million on October 11.

Source: Coinalyze At the same time, the Buy Delta was positive at around 24 million, a clear sign of aggressive spot accumulation.

Historically, strong demand in both the spot and derivatives markets has preceded further gains on the charts.

Can CFX extend the rally? Conflux made a clear breakout as bullish pressure intensified. Looking at the Relative Strength Index (RSI), it formed a bullish crossover and rose to 68, confirming this trend shift.

Source: TradingView At these levels, the RSI indicated rising buyer dominance. Often, such a setup has preceded a trend extension.

Therefore, if the recent demand holds, Conflux is likely to extend the rally and flip $0.07, leaving $0.077 as the next significant resistance.

However, if speculation around China’s latest decree fades, we could see another drop toward $0.055.

Final Summary Conflux [CFX] broke out of a multi-month descending channel, surging 17% to a five-month high of $0.064.  China’s State Council and the Communist Party called for the construction of a national blockchain network as part of its economic strategy. 

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.

1 hours ago

Papertrade responds to allegations of price manipulation and protocol vulnerabilities: The issue arises from loose position limits during its initial launch phase, and parameters have already begun to be tightened.

Papertrade’s official response to allegations of price manipulation exploits and critical protocol vulnerabilities states that it has never been feasible to grant equal priority to small and large orders. Doing so would lead to front-end congestion from spam transactions—a far worse outcome than the current queuing mechanism. Against these constraints, the team has designed the fair launch to be as inclusive as possible. Last night’s manipulation attempt targeting the BTC/ETH pair on Hyperliquid’s Best Bid Offer (BBO) was not a flaw in the six-month-developed mechanism. Such scenarios were already accounted for; the incident only occurred because position limits were set very loosely during the early launch phase to mitigate congestion. Had position limits been imposed during peak queuing demand, it would have only exacerbated slow user experiences. The queuing mechanism itself, due to uncertainty in entry/exit confirmation times, actually provides natural protection against manipulation. As congestion eases, the team has begun tightening position limits at both on-chain and relay levels. In such a system, manipulation attacks are always possible—the key is whether such attempts are economically viable. The official goal is to set parameters such that manipulation is almost never profitable. Even if successful, tail risks are extremely high, and the expected value is negative.

1 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.

1 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.

1 hours ago

Variational Launches On-Chain Trader Rewards Campaign

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.

1 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.

1 hours ago

PANews reported on October 11 that data from Token Unlocks shows tokens such as CRO, ARB and STRK will see major unlocks next week, including:

Cronos (CRO) will unlock about 1.17 billion tokens at 9:03 am Beijing time on October 17, about 2.33% of circulating supply, worth about $69.5 million;

Arbitrum (ARB) will unlock about 92.65 million tokens at 8:00 pm Beijing time on October 16, about 1.56% of circulating supply, worth about $18.4 million;

Starknet (STRK) will unlock about 127 million tokens at 8:00 am Beijing time on October 15, about 3.37% of circulating supply, worth about $13.9 million;

deBridge (DBR) will unlock about 618 million tokens at 8:00 am Beijing time on October 17, about 10.25% of circulating supply, worth about $12 million;

Aptos (APT) will unlock about 11.31 million tokens at 4:00 am Beijing time on October 12, about 0.64% of circulating supply, worth about $9.5 million;

Sei (SEI) will unlock about 55.56 million tokens at 8:00 pm Beijing time on October 15, about 0.84% of circulating supply, worth about $3.7 million.

Snek, Osaka Protocol, Mubarak, and BONE have all posted notable gains this week even as the broader crypto market struggles. Here is what is moving these memecoins.

While the broader crypto market has been under pressure this week, a handful of memecoins have moved sharply in the opposite direction. Four tokens, spanning multiple blockchains, have posted double-digit gains and drawn fresh attention from traders looking for momentum plays outside the major assets.

The Week's Top Memecoin Performers Leading the pack is @Snek on @Cardano, which has climbed roughly 35% over the past week. The token has a track record of sharp moves during broader memecoin rallies, and this week's surge fits that pattern. which many traders see as an unrealised catalyst that could drive further upside if and when those listings materialise.

In second place is @OsakaProtocol $OSAK, up 26.8% on the week.

Third on the list is @mubarak_cto on @BNBChain, recording a gain of 12.7%. The token has attracted attention within the BNB Chain memecoin community, benefiting from the network's low transaction costs and active retail trading base.

Rounding out the group is BONE from @Shibtoken's ecosystem, up 9%. BONE serves as the governance token for the Shiba Inu project's Shibarium Layer 2 network, giving it more utility than a typical memecoin and a built-in community of holders already invested in the broader Shib ecosystem.

What Is Driving the Moves The common thread across all four tokens is their ability to attract speculative capital when the rest of the market stalls. Memecoins have historically acted as an outlet for risk appetite even when blue-chip assets trade sideways or decline, as traders rotate into smaller, high-volatility names in search of short-term returns. This week appears to be another example of that dynamic playing out across multiple chains simultaneously.

As always, the gains carry significant risk. Memecoins can reverse just as quickly as they rally, and thin liquidity can amplify moves in both directions. Traders should exercise caution and manage position sizes accordingly.

Sources:
Snek (SNEK) price and market data, Kraken
Osaka Protocol (OSAK) price and market data, CoinGecko

17h00 ▪ 15 min read ▪ by La Rédaction C.

Summarize this article with:

Every project claims to have “the strongest community in crypto.” We set out to measure it. On September 28, 2026, we recorded for seven projects their social engagements over 24 hours (LunarCrush), the size and live presence of their Discord and Telegram servers, their subreddits and, above all, what their members actually did this year: votes, fundraising, events, code. The result: XRP leads on volume, Chainlink and Cardano follow, Kaspa and Qubic are the most mobilized small caps, and Dogecoin, with the largest audience of the seven, is not the most active. Here is the ranking, its criteria and its limits.

In Brief XRP is the most active crypto community by volume: 13.1 million engagements in 24 hours and 3.2% social dominance on September 28, 2026, among the top five cryptocurrencies worldwide according to LunarCrush. Chainlink has the largest Discord of the seven (111,365 members) and 6 million daily engagements; Cardano is the only one whose activity can be measured on-chain, with 135 DReps voting down the Cardano Summit budget in May. Kaspa shows the best presence ratio: 4,043 members online out of 53,110 on Discord; Qubic has the second-largest Discord in the ranking (56,740 members) and funded its presence at a tech event through a community crowdfunding closed in 48 hours. Dogecoin has the largest audience (4.4 million X followers, 2.6 million Reddit members) but an official Discord of 530 members and activity driven mostly by the Dogecoin Foundation. Telcoin closes the ranking by volume but stands out for active governance on its forum; Shiba Inu and Hedera are treated separately, for opposite reasons. An active community is measured by what it does, not by the number of followers it displays. We used four families of indicators, all recorded on September 28, 2026. Social engagements over 24 hours and social dominance, as published on the public pages of LunarCrush, which aggregates X, Reddit, YouTube and TikTok. The size and, more telling, the number of members online on official Discord and Telegram servers, read directly from public invitations. The size of subreddits (GummySearch data, updated between September 18 and 23). Finally, verifiable actions in 2026: governance votes, community fundraising, events, code contributions.

Two caveats. X followers and Reddit members are stocks accumulated over years; they measure an audience, not activity. And LunarCrush’s Galaxy Score, often quoted, mixes social signals with market data: a 35% price jump in a single day is enough to send it soaring, as the Hedera case shows.

Crypto24h engagementsSocial dominanceDiscord (members)X followersXRP13.1M3.2%16,715 3.17M (@Ripple)Chainlink6.0M1.0%111,3651.39MDogecoin2.7M0.9%5304.37MCardano2.6M0.9%no official server1.43MKaspa1.2M0.8%53,110237,000 (community account)Qubic405,6000.1%56,740100,100Telcoin383,7000.2%6,500112,000Sources: LunarCrush (engagements, dominance, 09/28/2026), public Discord invitations (09/28/2026), GummySearch (Reddit, 09/18-23/2026), AltIndex and LunarCrush (X, 09/28/2026). 1. XRP: The XRP Army Leads on Volume and on the Ground With 13.1 million engagements in 24 hours and 3.2% social dominance on September 28, XRP ranks among the five most discussed cryptocurrencies in the world, behind Bitcoin, Solana and Ethereum. No other community in this ranking comes close: that is more than double Chainlink and nearly five times Dogecoin. The r/XRP and r/Ripple subreddits total more than one million members, and 1.1 million users follow the asset on CoinGecko.

The “XRP Army”, which became Ripple’s secret weapon against the SEC, also has a physical calendar of its own. XRP Las Vegas, a conference organized by community members rather than by Ripple, took place on April 30 and May 1, 2026. In October, XRPL week in New York strings together a developer bootcamp (October 20-22), a 36-hour hackathon (October 24-25) and the merged Swell and XRPL Apex conferences (October 27-29), which expect more than 1,500 attendees according to the official XRP Ledger calendar. The flip side of this intensity: weighted sentiment measured by Santiment hit its lowest point of 2026 in June. An active community is not always a satisfied one.

2. Chainlink: The Largest Discord and the “LINK Marines” The “LINK Marines” do not make much noise on X (1.0% social dominance), but they are where the building happens. The official Chainlink Discord has 111,365 members, the largest of the seven, with 3,666 people online at the time of our snapshot, and the project shows 171 recent commits on GitHub, the most sustained development in the ranking. Chainlink also organizes its communities by region: Hong Kong, China, Korea, Southeast Asia, Vietnam, Thailand, India, Turkey, Portugal and Spain have official groups, listed on the project’s community page.

A 2026 change worth noting: Chainlink ended its Chainlink Rewards program, which distributed tokens from supported projects to LINK stakers. The June 26 blog post announces the evolution of the Build program after more than 80 supported projects, and the final claims, about $20 million in tokens, closed on July 7, according to the official post. The community remains; the direct incentive is gone.

Cardano is the only project in this ranking where community activity leaves an on-chain trace. In May 2026, delegates (DReps) rejected the request for 7.8 million ADA to fund the Cardano Summit: 65.21% in favor, below the 66.67% threshold, with 135 DReps representing 2.76 billion ADA, according to the Cardano Foundation’s May 30 announcement. The Summit was canceled. A community able to refuse money to its own conference is, at the very least, a community that votes.

In early September, the renewal of the Constitutional Committee was ratified by 69.36% of DReps and 51.18% of stake pool operators, against a 51% threshold, after several calls to vote from the official @Cardano account. On the ground, the Foundation’s first-year review of its events strategy, published in June, reports 20 events, more than 7,500 attendees, 1,139 developers reached and 855 sign-ups to its Academy, according to its June 2026 activity report. With 734,000 members on r/cardano and 2.6 million daily engagements, Cardano combines volume with measurable participation.

Relative to its size, Kaspa is the most present community in the ranking. Its official Discord had 53,110 members on September 28, 4,043 of them online at the time of the snapshot, the highest figure of the seven; its official Telegram had 30,842 members, 1,126 of them online. On CoinGecko, 179,453 users follow KAS, with bullish sentiment at 91.9%. This base carried the Toccata hard fork, activated on June 30, 2026, which gave the network native contracts and ZK verification, a step in the roadmap we covered.

Two particularities. Kaspa no longer has a clearly identified official X account: the historic @KaspaCurrency account now describes itself as an “Unaffiliated commentary account” (bio read on September 28), and the most followed account, @kaspaunchained, with 237,000 followers, presents itself as community-run and non-representative. The community therefore carries its own communication. It also argues: in late September, an exploit on the Kasplex layer 2 revived public criticism from a co-founder about ecosystem governance, without affecting layer 1. A community that argues in public is, here too, a living community.

5. Qubic: The Second-Largest Discord and the “Qubic Maxis” By market capitalization, Qubic should not appear in this ranking. By mobilization, it earns its place. With 100,000 followers on X, ten times fewer than Cardano, the project gathers 56,740 members on its official Discord, the second largest of the seven behind Chainlink, 3,342 of them online during our snapshot, and 18,361 members on Telegram. Its LunarCrush Galaxy Score of 73.8 is the second highest in the ranking, and 93.3% of CoinGecko users following it describe themselves as bullish.

Actions follow. In January 2026, the community itself funded Qubic’s presence at T3chFest in Madrid, Spain’s largest developer event: 6.97 billion QUBIC, about $4,880 at the time, raised in under 48 hours by more than 25 donors, with no project treasury involved, according to the account published on the official blog, whose title claims a spot secured “through pure community power.“

The community is also consulted on what comes next. The recap of the September 17, 2026 All-Hands puts a tokenomics proposal up for Discord feedback: buy QUBIC on the open market and burn it immediately, with a $1 million pilot split into two tickets of about $500,000 over 15 epochs, roughly three and a half months; the text also plans to repay investors 1.25 times their stake over twelve months. The same recap announces, within two weeks, a technical Q&A session open to the community on BPP-9000, the useful mining algorithm of Qubic that since the summer has rewarded the quality of solutions rather than their number.

On the ground, the campaign run with Alchemy Pay from July 29 to August 28 brought in 38 unique buyers for $12,613 worth of QUBIC, 72% of them from Europe, according to the same recap; a new wave is announced for October. On the developer side, the project reports 307 commits to its main branches in four weeks, across more than 20 repositories (a figure provided by Qubic, not comparable with Chainlink’s GitHub snapshot), launched a dedicated @QubicDev account on July 31, and released on August 4 a kit that lets developers test their smart contracts locally for free, according to the August 6 All-Hands recap. Weak spot: only 3,000 members on Reddit and 0.1% social dominance; activity remains concentrated on Discord.

6. Dogecoin: The Largest Audience, Not the Most Active This is the surprise of the ranking. Dogecoin has the largest audience of the seven, 4.37 million followers on X and 2.6 million members on r/dogecoin, the biggest subreddit on this list. But measured activity does not follow: 2.7 million engagements in 24 hours, one fifth of XRP, 0.9% social dominance, and an official Discord server, the one linked from dogecoin.com, with 530 members, 95 of them online. The audience is huge; the mobilization is diffuse.

The highlights of 2026 in fact came from the top. On February 18, the Nasdaq bell ringing for the 21shares Dogecoin ETF came with a “#ChooseMyShibe” campaign credited with more than 1.2 million impressions, according to House of Doge’s press release. In April, MoonPay, the Dogecoin Foundation and House of Doge donated 1 million DOGE to an animal welfare fund. These are organizational operations, not grassroots initiatives. The Dogecoin community remains one of the most loyal in crypto; in 2026, it is no longer one of the most active.

Telcoin closes the ranking by volume, with 383,700 daily engagements, 112,000 followers on X, 19,000 members on r/Telcoin and two modest Discord servers (6,500 and 1,567 members). What sets it apart lies elsewhere: the Telcoin Association runs a governance forum where proposals are genuinely debated. The TEL token evolution proposal, published on June 29, had 41 replies and 3,384 views as of September 28; a September proposal on a telecom partnership had 45, according to the forum’s proposals section. Councils meet every two weeks on the Association’s Discord.

This community also had reasons to get excited in 2026: on June 23, Telcoin launched the first regulated on-chain bank accounts in the United States, under a Nebraska charter, a milestone we covered in June. Its Galaxy Score of 69.6, fourth in the ranking, points to a small but engaged community.

Two Special Cases: Shiba Inu and Hedera The “Shib Army” is, on paper, one of the largest communities in crypto: 3.9 million followers on X, 552,000 members on r/SHIBArmy, 71,439 on Telegram. But its activity indicators are the weakest of the nine projects we examined: a Galaxy Score of 45.7, 55% sentiment, 1.1 million daily engagements, a Discord of 1,844 members, and a lead developer, Shytoshi Kusama, silent on X since May 13. A large community, barely active in 2026, according to LunarCrush data.

Hedera is the opposite case: the highest Galaxy Score of all, 88.0, on September 28. But that day, HBAR gained 35% in 24 hours, and the score reflects this rise as much as social activity. The “600,000 members” across platforms claimed on the project’s Community Hub are self-reported. The official Discord, with 13,096 members, 1,413 of them online, and the Hello Future Apex hackathon, with a $250,000 prize pool, are stronger signals, but not enough to place Hedera in the ranking with certainty.

What This Ranking Does Not Tell You It captures a single day, September 28, 2026, and social engagements vary sharply with news and price. It does not distinguish human accounts from automated ones, a bias that affects every platform. It overlooks non-English communities, often active on channels that aggregators do not read, such as Chainlink’s regional Telegram groups or Qubic France. And it says nothing about the quality of a project or the direction of a price: a large community has never stopped an asset from falling.

The next measurable milestones are dated: XRPL and Swell week in New York from October 20 to 29, with its attendance figures, and, for Qubic, the outcome of the token buyback-and-burn proposal debated on Discord, followed by the October Alchemy Pay wave. We will update this ranking in the first quarter of 2027, using the same criteria.

FAQ Which crypto has the most active community in 2026? By volume, XRP: 13.1 million engagements in 24 hours and 3.2% social dominance on September 28, 2026, according to LunarCrush. Relative to size, Kaspa and Qubic are the most mobilized.

Doesn't Dogecoin have the biggest crypto community? The biggest audience, yes: 4.4 million X followers and 2.6 million Reddit members. But its measured activity (2.7 million daily engagements, an official Discord of 530 members) is lower than that of XRP, Chainlink and Cardano.

How do you measure the activity of a crypto community? Through social engagements over a given period (LunarCrush, Santiment), the number of members online on Discord and Telegram, participation in governance votes, and verifiable actions: fundraising, events, code contributions.

Does an active community push the price up? No, not mechanically. Shiba Inu has one of the largest communities and one of the lowest activity levels of 2026; Hedera’s Galaxy Score jumped with its price, not the other way around. Crypto markets remain volatile and carry a risk of capital loss.

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The Cointribune editorial team unites its voices to address topics related to cryptocurrencies, investment, the metaverse, and NFTs, while striving to answer your questions as best as possible.

Worldcoin [WLD] has rallied 7.4% in the past 24 hours, a relative outperformance of most of the other top 45 crypto assets, as per CoinMarketCap data.

The market-wide correction on the 7th and 8th of October forced nearly $9 million in long liquidations for Worldcoin in two days.

The recent price bounce is starting to yield the opposite effect. There were $1.36 million in short liquidations on the 10th of October, but the crypto market as a whole has been relatively quiet, with only $65.19 million in market-wide liquidations in both directions.

In this context, a 7.4% price leap for Worldcoin could be a sign of early strength after the crypto market sell-off earlier this week.

The bearish long-term Worldcoin view Source: WLD/USDT on TradingView From the September 2025 peak at $2.21, WLD made a steady descent down to $0.2267 by May 2026. This 89.64% downtrend is common among altcoins. Though the recent rally measured 138.8% from the May lows, it was still a long way from the $1.21 halfway point.

Owing to the higher timeframe downtrend, the current weekly swing structure is bearish. Traders and investors can anticipate a move up to $1.21-$1.78 in the coming months while still holding a long-term bearish bias.

The $2.21 high needs to be reclaimed to establish a long-term uptrend.

Multi-year downtrend aside, WLD traders have a buying opportunity now Source: WLD/USDT on TradingView On the 4-hour chart, the structure was bullish. The October correction forced the altcoin to sweep the $0.466 swing low, but the buyers have made a strong reaction from that area.

This reinforced the bullish Worldcoin view for the coming days. Provided Bitcoin [BTC] does not face another sell-off, the chances of a bullish Worldcoin continuation would remain good.

The $0.619 and $0.655 levels are the immediate bullish targets. The June swing high at $0.723 is another feasible price target.

Final Summary Worldcoin was one of the top-performing altcoins in the past 24 hours among the top 50 crypto assets, according to CoinMarketCap data. This relative strength could be a sign of short- to medium-term bullishness. The $0.655 and $0.723 levels are the next price targets.

ZKsync [ZK] remained one of the few tokens to gain more than 10% as the cryptocurrency market regrouped after recent declines.

Its bullish performance coincided with a NextBridge partnership, expected to bring Prividium, its self-governed private ledger for institutions, to Japan.

Even so, the rally faced a test. AMBCrypto analyzed trader activity and found reasons to question whether ZK could sustain its upward movement.

Could ZKsync’s rally face a pullback? The Bollinger Bands chart showed ZK reaching the upper band, where its advance faced resistance. The indicator plots three bands around price. Its outer bands can help identify potential resistance and support, depending on market conditions.

Previous approaches to the upper band had preceded declines. This time, a red candlestick suggested selling pressure had started to emerge.

Source: TradingView If the pullback continues, ZK could approach the blue middle band at $0.0125, near horizontal support at $0.0124. That puts the $0.0124–$0.0125 zone in focus as a potential landing point.

Further selling could push ZK toward the lower band around $0.011, making it another potential support area.

Can ZK bulls defend the next support? Despite the emerging pullback, Bull Bear Power (BBP) suggested bulls retained the upper hand. The chart recorded consecutive positive green bars on the 9th and 10th of October, supporting the bullish momentum reading.

The Parabolic Stop and Reverse (SAR) offered a similar outlook, with dots positioned below ZK’s price.

Source: TradingView That positioning supported the prevailing upward trend, even as the red candlestick signaled near-term selling pressure. Taken together, these indicators leave room for a rebound if ZK retreats toward the middle band.

For bulls, holding the nearby $0.0124 support could help keep that recovery scenario alive.

What does ZKsync’s record holder count suggest? Meanwhile, ZK’s price gains coincided with an increase in its Holder Count. The number reached approximately 186,820, marking an all-time high. The upward trend had developed since mid-September.

Source: CoinMarketCap The growing Holder Count supported the adoption picture, although it did not establish how much those addresses bought.

ZK therefore faced competing signals: resistance near the upper band, bullish trend indicators, and a growing holder base. A pullback toward $0.0124–$0.0125 could test whether that bullish momentum translates into buyers defending support.

Final Summary ZKsync gained more than 10%, but upper-band resistance left a pullback toward $0.0124–$0.0125 in play. Bullish indicators and a record Holder Count supported the recovery outlook, with support holding key to a rebound.

According to Butler’s monitoring, Papertrade was exploited by an address to earn around $1.28 million in profits just roughly 8 hours after its launch. The same trader has accumulated over $13 million in historical profits on Hyperliquid, with a trading volume of $14 billion. Since Papertrade prices its trades based on Hyperliquid’s real-time ETH price, the attacker repeatedly opened large long and short positions on Papertrade while trading ETH on Hyperliquid, briefly pushing prices up or down before closing positions for gains. Data shows the trader executed a total of 305 trades, 296 of which were profitable, giving a win rate of approximately 97%. The average holding time was just 98 seconds, with cumulative trading profits peaking at $1.73 million. However, the attacker later opened 30 short positions on Papertrade at $2507.35, with a notional value of around $297 million, and sold roughly 6,600 ETH on Hyperliquid to drive the price down to $2504.4, but this attempt to close the positions failed. Afterward, ETH’s price rose to $2509.95, triggering full liquidation of the 30 short positions, resulting in a loss of roughly $450,000. The attacker ultimately netted approximately $1.28 million in profits. The Papertrade team may have curbed the attack by blocking the attacker’s position closures, but this is only speculation and has not been confirmed. Analysts noted that if the platform continues to directly use Hyperliquid’s BBO (Best Bid Offer) as its pricing basis, underlying manipulation risks will remain. They recommend adopting Hyperliquid’s official oracle price, which aggregates quotes from multiple trading platforms, to reduce risks from manipulation of a single order book.

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Pump.fun co-founder Alon announced in a post that several major adjustments will be made to the Callout Rewards program in the coming days, with some changes set to take effect starting from today’s reward distribution. The adjustments include reducing the reward weight for callouts on low-market-cap tokens; trading volume will no longer be the primary factor determining rewards, as the focus shifts to the actual profits of followers. Going forward, if relevant participants fail to consistently help followers generate profits, their chances of earning rewards will be significantly reduced.

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LUMIA fiyatı son yedi günde yaklaşık %100 yükselirken, Aster DEX’te işlem yapan altı cüzdanın toplam gerçekleşmemiş kârı 949 bin dolara ulaştı. Lookonchain’in paylaştığı verilere göre cüzdanlar, 3x kaldıraçla toplam 11,7 milyon LUMIA için long pozisyon açtı. Pozisyonların toplam değeri yaklaşık 1,9 milyon dolar.

Cüzdanlardan birindeki getiri %160’ı aşarken, bu kazançların henüz kesinleşmediğini hatırlatmak gerekiyor. Pozisyonlar açık kaldığı sürece LUMIA fiyatındaki ters hareketler kârı azaltabilir.

LUMIA Yükselişinde 6 Cüzdan Ne Kadar Kazandı? Paylaşılan CoinGecko verisinde LUMIA 0,1673 dolar seviyesinde işlem görüyor ve token son yedi günde %96,4 yükselmiş durumda. Piyasa değeri yaklaşık 40,2 milyon dolar, son 24 saatteki işlem hacmi ise 106,89 milyon dolar.

Lookonchain’in aktardığı verilere göre altı cüzdan, Aster DEX üzerinde toplam 11,7 milyon LUMIA için yükseliş yönlü pozisyon aldı. Bu pozisyonların büyüklüğü yaklaşık 1,9 milyon dolara ulaştı.

Pozisyonlardaki toplam gerçekleşmemiş kâr 949 bin dolar civarında. En yüksek getiri ise %160’ı aştı. LUMIA’nın fiyatındaki hızlı yükseliş, kaldıraçlı işlem açan bu cüzdanların kazançlarını büyüttü.

949 Bin Dolarlık Kâr Kesinleşti mi? Hayır. Açıklanan 949 bin dolar, cüzdanların pozisyonlarını kapatarak elde ettiği kesinleşmiş kazancı değil, açık işlemlerindeki gerçekleşmemiş kârı gösteriyor.

Altı cüzdanın kullandığı 3x kaldıraç, LUMIA yükseldiğinde getiriyi artırıyor. Fiyat ters yönde hareket ettiğinde ise aynı mekanizma kayıpları büyütebiliyor ve pozisyonları tasfiye riskine yaklaştırabiliyor.

LUMIA’nın son haftadaki yükselişi bu işlemleri kâra taşımış olsa da asıl belirleyici, fiyatın bundan sonra nasıl hareket edeceği olacak. Cüzdanlar pozisyonlarını kapatmadığı sürece 949 bin dolarlık tutar değişebilir; dolayısıyla bu rakamı gerçekleşmiş kazanç olarak değerlendirmek doğru değil.

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.

7h00 ▪ 4 min read ▪ by Fenelon L.

Summarize this article with:

Strive’s SATA program reportedly generated about 55 million dollars this week, enough to buy nearly 638 bitcoins. But this financing capacity depends directly on the preferred stock price. From Wednesday, the stock fell below 100 dollars, preventing the company from continuing its issuances. A limit that recalls the risks of the Strategy-inspired model.

In brief The SATA program reportedly brought in 55 million dollars, the equivalent of 638 bitcoins, according to trackers. The stock closed below its nominal value of 100 dollars for three sessions out of five, slowing new issuances. As of October 2, Strive held 29,462 bitcoins, according to its latest official filing, which also reports 1,304,902 additional preferred shares. Financing stopped below 100 dollars The mechanism relies on a simple logic. Strive, which held 27,462 bitcoins at the end of September, gradually sells SATA preferred shares as part of an “at-the-market” (ATM) program. The company then uses the funds raised to strengthen its bitcoin reserve.

However, this device imposes a condition: the stock must remain above its nominal value of 100 dollars. Yet, this week, SATA only exceeded this threshold on Monday and Tuesday. From Wednesday onward, the price dropped below, thus cutting the main source of financing for purchases.

According to trackers, Strive still raised about 55 million dollars over the week, enough to acquire nearly 638 bitcoins. This estimate is based on trades executed above par and on a ratio calculated from previous company statements. With bitcoin around 82,800 dollars Friday, this amount matches the announced magnitude.

Strive takes the lead over Strategy Michael Saylor popularized this strategy at Strategy thanks to STRC, its perpetual preferred variable rate share. Strive adopts the same principle with SATA, but on a smaller scale.

In its October 5 filing with the SEC, Strive indicates having issued 1,304,902 additional preferred shares between September 25 and October 2. Their nominal value thus exceeds 130 million dollars. 

Over the same period, Strategy sold no STRC shares and financed the purchase of 334 bitcoins with common shares, bringing its reserve to 848,000 units. However, Saylor sees Strive as an ally rather than a rival.

Dividends to finance over time This strategy nevertheless has a cost. Each SATA issuance brings immediate funds but also increases the dividends that Strive will have to pay in the future. As of September 30, the company estimated its annualized obligations at 168.2 million dollars, for 1.294 billion dollars of shares issued at par.

Moreover, its portfolio remains exposed to bitcoin fluctuations. As of September 30, Strive held 28,000 BTC purchased at an average price of 90,170 dollars, while their market value reached about 2.34 billion dollars. Bitcoin was then trading below this acquisition cost. The 2,000 bitcoins bought the following week were acquired at about 84,422 dollars each.

The next official filing will be awaited to know the exact balance of the week. Meanwhile, the 638 bitcoins remain an estimate. One thing is certain: Strive’s model works as long as investors accept to buy SATA above its nominal value.

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Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Russia has introduced new electricity supply rules requiring cryptocurrency mining farms to accept lower-priority power connections, allowing authorities to disconnect their facilities during shortages while protecting electricity supplies for households and other consumers.

Summary

Russia has limited cryptocurrency mining grid connections to Category 4 reliability under government Resolution 1300. Mining farms face priority electricity cuts during shortages as authorities seek to protect other consumers. The October 6 decree covers cryptocurrency mining facilities, mining pools, and companies operating mining infrastructure. Previously submitted grid connection applications remain subject to revised requirements if their processing remains incomplete. Russia introduced Category 4 power connections in February 2026 to manage electricity shortages more effectively. The Russian Ministry of Energy confirmed the changes on October 9 following the government’s adoption of Resolution No. 1300 on October 6. The measure requires cryptocurrency miners and mining infrastructure operators seeking connections to the national electricity grid to use Category 4 power supply reliability, which permits interruptions when electricity is needed elsewhere.

The new requirements apply across Russia, including regions where mining is permitted. They affect new grid connection applications and certain previously submitted requests that have not been completed.

Russia requires crypto miners to accept lower-priority electricity Under the new rules, companies operating cryptocurrency mining farms can connect their equipment to electricity networks only through Category 4 power supply arrangements.

Government Resolution No. 1300 amended the country’s existing electricity connection regulations, introducing a specific requirement for facilities used to mine digital currencies or provide mining infrastructure services.

The measure covers companies operating mining equipment, businesses participating in mining pools and infrastructure providers supporting cryptocurrency mining activities.

Category 4 connections have a lower supply priority than conventional electricity arrangements. Operators accepting these connections must be prepared for interruptions when electricity networks experience shortages or operational problems.

The Ministry of Energy said mining facilities could be disconnected without the advance coordination normally associated with higher-priority electricity users.

According to the ministry, placing miners in this category will help prevent additional electricity demand from reducing the power available to other customers.

The government expects the arrangement to allow mining facilities to use existing electricity infrastructure without requiring the same level of guaranteed capacity provided to higher-priority consumers.

Importantly, the decree does not impose an immediate nationwide shutdown of operating mining farms. It changes the conditions under which mining facilities obtain grid connections and establishes rules for handling electricity shortages. The text does not establish that every facility already operating under a completed higher-priority connection must immediately move to Category 4.

Bitcoin mining farms could lose power during shortages The Category 4 framework was introduced in February 2026 through Government Resolution No. 103, which established a separate electricity connection arrangement for consumers willing to accept a less reliable supply.

The February regulations allow eligible electricity users to obtain connections when the existing grid cannot support another conventional connection without infrastructure improvements.

However, customers using the lower-priority arrangement face restrictions during emergency conditions.

According to the government rules, Category 4 consumers are placed ahead of most other electricity users when authorities prepare emergency power reduction schedules. Their electricity is generally restored after supplies return to higher-priority customers.

For cryptocurrency miners, the October decree makes Category 4 the required reliability category for qualifying new grid connections. Officials explained that the measure would help address unexpected increases in electricity demand from mining facilities, which can operate continuously and require substantial power capacity.

In its statement, the Energy Ministry described the changes as supporting the “efficient use of existing energy infrastructure” while protecting reliable electricity supplies for residents.

Mining operators would remain responsible for managing their operations when electricity becomes unavailable. The regulations do not promise uninterrupted service or require authorities to maintain power for mining equipment during shortages.

The decree’s technical requirements cover grid connection procedures and the equipment needed for emergency electricity restrictions.

Applications may be rejected if the electricity system operator determines that the requested connection cannot meet the applicable technical conditions.

Russia updates mining restrictions in areas facing power shortages The latest rules contain provisions for regions where the government has restricted cryptocurrency mining because of electricity supply concerns.

Under Resolution No. 1300, the treatment of Category 4 mining connections depends on whether the government has imposed a complete mining prohibition in a particular territory. Where a complete ban applies, electricity providers cannot accept new Category 4 connection applications for mining equipment covered by that restriction.

Processing of previously submitted applications and work under certain existing connection agreements must be suspended until the relevant prohibition is lifted. Once a complete prohibition ends, the rules require electricity network companies to resume specified procedures and address affected connection agreements within the periods established by the decree.

The legislation separately provides for certain regions where mining may operate under Category 4 connections despite restrictions that would otherwise apply.

However, qualifying for a lower-priority electricity connection does not automatically exempt mining operators from every regional ban. Russia has expanded its regional mining restrictions several times since legalizing regulated cryptocurrency mining in 2024.

Earlier measures covered parts of the North Caucasus and Siberia, where electricity shortages and growing demand had raised concerns among local authorities.

In August 2026, Russia expanded restrictions on cryptocurrency mining in Moscow, the surrounding Moscow Region and designated areas of Kursk.

Government Resolution No. 936 introduced restrictions beginning August 15, 2026, with an end date of December 31, 2032, unless amended.

Regional energy officials had estimated that cryptocurrency mining consumed approximately one gigawatt of electricity within Moscow’s power system. The figure was cited during discussions about preventing capacity shortages.

Separate regional cryptocurrency mining controls were introduced beginning in January 2025, including seasonal restrictions affecting parts of Buryatia, Zabaykalsky Krai and Irkutsk.

The October electricity connection decree operates alongside the existing restrictions governing where mining activity is permitted.

New power rules affect pending mining connection applications Mining companies planning new facilities must now account for the Category 4 requirement when submitting grid connection requests.

The decree amends the technical connection process and requires qualifying mining facilities to meet the relevant conditions covering system capacity, protective equipment and electricity network operations. For applications already submitted but not yet completed, the new framework may change how electricity providers review requests and issue technical connection conditions.

Government Resolution No. 1300 specifies that when a complete regional mining ban applies, providers must suspend the processing of affected pending applications, the signing of relevant connection agreements and certain previously agreed implementation deadlines.

The legislation sets procedures for restarting those processes when a full prohibition is canceled, including requirements concerning updated connection agreements and applicable charges. In cases where a grid operator cannot approve the necessary Category 4 connection conditions, the regulations provide for rejection or cancellation of applications under specified circumstances.

Russia’s Federal Antimonopoly Service had separately proposed restrictions preventing electricity companies from conducting cryptocurrency mining or supplying certain facilities and capacity to mining businesses. Bits.media reported on October 10 that the proposal formed part of regulatory discussions concerning electricity providers’ involvement in the mining industry. The October 6 decree does not establish that the antimonopoly proposal has been adopted.

The Ministry of Energy has not announced how many mining farms will require new connections under Category 4 or how much electricity capacity the changes are expected to release for other consumers.

Crypto analyst Darkfost posted on X that Bitcoin has entered a phase of sharply intensifying selling pressure. Notably, this refers to potential selling pressure, not actual realized selling activity. The “Seller Exhaustion Indicator” combines profitable supply and volatility (returns) to distinguish between market risk and stable phases, serving as a valuable metric for short-term market analysis. As the recent rally pushed Bitcoin’s price above $85,000, the indicator signals the market is entering a stage where selling pressure could escalate. The indicator’s shift has been quite sudden, especially evident among short-term holders. Since volatility tends to weaken over time, excessive focus on specific numerical values is unwarranted, though the overall trend is clear. Currently, the indicator has hit a critical level matching the one that signaled a local top in this cycle. Moving forward, it remains to be seen whether market demand can improve to limit potential pullbacks; if volatility contracts accordingly, that would also help the indicator return to normal.

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STRK's 24-hour price gain has widened to 55%, briefly surging past $0.12.

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Ledger-linked attackers deposited 2,990 ETH into Tornado Cash, then bridged the funds to ZEC via NEAR Intents.

On-chain detective Specter revealed in his personal channel that an attacker address, implanted via unauthorized hardware into a Ledger hardware wallet linked to CryptoBilis, deposited 2,990 ETH (valued at approximately $7.45 million) to Tornado Cash between October 9 and 10. Monitoring data shows the attacker had earlier dispersed the funds to 14 addresses, then cross-chain converted the funds to the ZEC network via NEAR Intents for further privacy processing. Signs of address correlation were observed during the fund transfers: some withdrawal transactions reused the wallet addresses used for prior deposits, while other withdrawals were initiated by wallets linked to the wallet that paid gas fees during the theft, enabling researchers to trace the fund flow.

18 minutes ago

List of High-Risk Ledger Resellers Disclosed, Regional Supply Chain Risks Draw Attention After CryptoBilis Incident

After hardware wallet manufacturer Ledger confirmed that devices sold by its Southeast Asian distributor CryptoBilis contained unauthorized hardware implants, analyst Darkfost has compiled a "Ledger Dealers to Watch" list, identifying nearby merchants whose supply chains may also be impacted, including Lazada, Shopee, Tokopedia, Bhinnekon, and Metapod. The list marks CryptoBilis as suspended, while the risk exposure of other dealers remains unknown. Darkfost stressed this is speculative, not confirmed, but advised users who purchased Ledger devices from these dealers in the past six months to transfer their assets to secure locations before the issue is resolved. Ledger previously stated the incident appears limited to this single distributor and its local market, adding its own infrastructure, systems, and services were not breached, and investigations are ongoing. Darkfost also recommended users willing to inspect their devices themselves refer to disassembly guides to verify if the hardware has been tampered with.

18 minutes ago

Ledger Confirms Over $86 Million in Crypto Assets Lost in Hardware Supply Chain Attack Incident

Hardware wallet manufacturer Ledger confirmed today that unauthorized hardware implant attacks may have caused affected users to lose more than $86 million in crypto assets. Earlier, Ledger verified that affected user devices contained unauthorized hardware implants, prompting distributor CryptoBilis to suspend sales of its inventory.

18 minutes ago

Next Week's Macro Outlook: CPI Data Tests Fed’s Stance on Pausing Rate Hikes, IMF’s Walsh Speech Takes Center Stage

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A crypto whale takes a long position on BTC, with unrealized profit exceeding $10 million.

According to TradingBeats monitoring, Hyperliquid whale address 0x8ea8…edbc holds 1,000 BTC long positions, with the position valued at approximately $83.04 million. The address uses 3x full leverage, with an average entry price of around $72,771, current unrealized profit of roughly $10.27 million, and a position return rate of about 37.1%. The address already held around 800 BTC long positions as early as May 11, with an unrealized profit of approximately $5.3 million at that time, before increasing the position size to 1,000 BTC. As of press time, the BTC contract mark price is approximately $83,037, some 14.1% higher than the address’s average entry price. The estimated liquidation price for the position is around $50,382, roughly 39.3% lower than the mark price.

18 minutes ago

10h20 ▪ 6 min read ▪ by Luc Jose A.

Summarize this article with:

Bitcoin could one day equal the gold capitalization, estimated around 30000 billion dollars, according to Matt Hougan, Chief Investment Officer of Bitwise. This scenario would imply a price close to 1.5 million dollars per BTC, but is based on a historical comparison and not on a short-term forecast.

In brief According to Matt Hougan from Bitwise, Bitcoin could reach a capitalization of 30,000 billion dollars, comparable to that of gold. This scenario would correspond to a theoretical price of about 1.5 million dollars per BTC. Bitcoin ETFs could encourage institutional adoption and support long-term demand. The supply limited to 21 million BTC could strengthen upward pressure on prices. Matt Hougan favors a long-term view, without setting a date to reach this goal. Bitwise compares bitcoin to gold after ETF launch Matt Hougan bases his reasoning on the trajectory followed by the gold market since the appearance of its first Exchange-Traded Funds in the United States. At the launch of the SPDR Gold Shares in 2004, the capitalization of the precious metal was about 2500 billion dollars.

More than twenty years later, this value is close to 30,000 billion dollars, according to the estimate chosen by the Bitwise executive. The introduction of ETFs has facilitated access to gold, as investors could be exposed to it from a securities account without buying or directly holding bars.

Hougan sees a comparable situation for bitcoin. When spot bitcoin ETFs were authorized in the United States in January 2024, the cryptocurrency already represented a market close to 1000 billion dollars. Its capitalization then temporarily exceeded 2000 billion.

Matt Hougan stated in a video shared on October 9 :

I think it could easily do what gold has done, that is to say reach 30,000 billion dollars, which gives a rather interesting price target

This comparison mainly suggests that ETFs could gradually broaden the investor base. It does not guarantee that bitcoin will reproduce gold’s past performance.

A capitalization of 30,000 billion would give a BTC price of 1.5 million Bitcoin was trading around 83,000 dollars at the time of the statement, for a capitalization close to 1,650 billion dollars. Reaching 30,000 billion would therefore require multiplying its total value by about 18.

With nearly 20 million bitcoins already in circulation, such a capitalization would correspond to a theoretical price of about 1.5 million dollars per unit. This calculation is slightly lower if the maximum limit of 21 million BTC is used, which will not be reached until around 2140.

This amount does not constitute the official goal of a Bitwise fund. Hougan also did not announce a specific date for his 30,000 billion scenario. He rather recommends evaluating bitcoin over a long period, possibly up to ten years.

In March 2026, the executive presented another hypothesis to justify a bitcoin price of one million dollars. He then estimated that the combined gold and BTC market could reach 121,000 billion dollars in ten years if its historical growth continued. Bitcoin should capture about 17% of this to exceed one million dollars.

These projections therefore rely on two conditions: a continuous expansion of the global value reserve market and an increase in the share occupied by bitcoin.

ETFs can reduce the supply available on the market Spot bitcoin ETFs allow institutional investors, financial advisors, and savers to be exposed to BTC without managing a digital wallet. This simplicity could support long-term demand, according to Bitwise.

The maximum number of bitcoins remains limited to 21 million, while the issuance of new units decreases with each halving. If ETF purchases sustainably exceed the amount put up for sale by holders, the scarcity of the available supply can exert upward pressure on the price.

However, this mechanism does not work in a linear way. A price increase may encourage historical investors to sell, while large ETF outflows may reinforce corrections. Institutional demand therefore neither removes cycles nor volatility.

Bitwise also defends bitcoin’s status as a digital store of value. This function remains contested due to its shorter history, its strong price fluctuations, and its sometimes risky technology asset-like behavior.

Investor behavior remains the main risk Matt Hougan does not consider technical problems as the primary threat to his scenario. He rather cites investor behavior, notably their difficulty in holding their positions during sharp declines.

Bitcoin has already undergone several corrections greater than 70% in its history. The use of leverage can further amplify losses and cause liquidations before a possible market recovery.

A capitalization of 30000 billion also assumes that authorities continue to accept the integration of bitcoin into the traditional financial system. Stricter regulations, a sustained drop in demand, or BTC’s inability to gain shares from gold could invalidate this assumption.

The Bitwise scenario thus illustrates bitcoin’s theoretical potential rather than a certain destination. Between its current capitalization and that of gold, the gap remains above 28000 billion dollars.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Whale Alert has detected that a dormant Bitcoin address, inactive for 15.9 years, has just been activated, holding 0.05 BTC worth $4,152.

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Bitcoin hardware wallet manufacturer COLDCARD has launched an investigation after an unauthorized phishing message appeared on its official X account on October 11, directing users toward a fraudulent wallet security website before the company deleted the post.

Summary

COLDCARD confirmed its official X account published a phishing link, which the company later deleted. The fake post reportedly claimed firmware vulnerabilities and directed Bitcoin holders toward fraudulent migration instructions. COLDCARD said it uses offline two factor authentication and restricted account access dating to 2017. The company contacted X after finding no matching login or session records, according to reports. No verified financial losses or confirmed explanation for the account incident have been publicly established. COLDCARD confirmed the incident in a public statement, warning customers against opening the suspicious link or following its instructions. The company said its account had used offline two-factor authentication and restricted access since 2017, while investigators were examining how the post appeared. COLDCARD has contacted X and is reviewing account access records to establish what happened.

The manufacturer emphasized that its only official website is coldcard.com and said it would publish further information after verifying the findings.

We are investigating how a post containing a phishing link was published from this account. It has since been deleted.

Do not visit or interact with that link. COLDCARD’s only official website is https://t.co/veUyheguQW.

This account has used offline 2FA with tightly restricted… pic.twitter.com/bLwwUb1CVu

— COLDCARD (@COLDCARDwallet) October 11, 2026 COLDCARD warns users after fake Bitcoin security post The suspicious message appeared on COLDCARD’s verified X account, which the company ordinarily uses to communicate security notices, firmware releases and product information.

According to reports published on October 11, the unauthorized post presented itself as an urgent warning about a supposed vulnerability affecting recovery phrase generation in newer wallet firmware. The message reportedly instructed customers to move their Bitcoin holdings through a security migration process and directed them to a website impersonating COLDCARD.

Security observers identified the link as a phishing attempt designed to persuade wallet owners to follow fraudulent instructions. The exact operation of the website, including whether it collected recovery phrases or distributed malicious software, has not been independently established.

The company subsequently deleted the post and issued a public warning against visiting the linked website. In its statement, COLDCARD said, “We are investigating how a post containing a phishing link was published from this account.” It instructed customers not to interact with the website while its security review continued.

The warning specifically concerns the unauthorized social media message. The company has not confirmed a new firmware vulnerability associated with the phishing post. COLDCARD has not disclosed how long the fraudulent message remained visible or how many users may have visited the website before its removal.

No verified reports establishing direct financial losses from the October 11 phishing attempt were identified in the reviewed sources.

COLDCARD questions how its X account was accessed Following the removal of the phishing post, COLDCARD began examining its account security and contacted X for assistance.

The company said its official account has relied on offline two-factor authentication with tightly restricted access since 2017. In a subsequent message addressed to X Support, COLDCARD reportedly stated that it could not identify a login, session or access record corresponding to the unauthorized publication.

The manufacturer maintained that its credentials and offline authentication measures remained secure based on its initial review.

According to an October 11report by TechFlow, COLDCARD raised concerns about the possibility of unauthorized access involving X’s internal systems or administrative privileges. The company reportedly requested that X investigate the incident and preserve relevant access records.

However, a platform-level compromise remains a possibility raised by COLDCARD, not an established finding. There is no verified evidence identifying the individual or group responsible for publishing the message.

Reports concerning the incident referred to alleged advertisements offering X administrator accounts on underground marketplaces. COLDCARD did not establish any connection between those claims and the phishing post.

The manufacturer has not announced whether the investigation uncovered a compromised employee account, an abused integration or another method of unauthorized publication. X has not publicly confirmed a platform-level breach connected to the COLDCARD incident in the sources reviewed. The company said additional verified updates would be shared through its official communication channels.

Phishing warning follows COLDCARD’s earlier firmware security incident The new phishing warning comes several months after COLDCARD disclosed a separate security issue involving how certain devices generated Bitcoin wallet recovery phrases. In July 2026, the manufacturer identified a firmware problem that had affected the randomness used to generate recovery information.

According to COLDCARD’s official security record, some previous firmware versions did not use the intended hardware randomness source when creating wallet seeds. The company released corrected firmware for supported devices and instructed affected customers to follow its official recovery and migration procedures.

Earlier reporting on the COLDCARD Bitcoin wallet security failure linked the weakness to cryptocurrency thefts involving wallets created with insufficiently random recovery information.

A separate analysis of the COLDCARD firmware vulnerability discussed estimated losses of approximately $116 million connected to the original security problem. Those historical estimates are separate from the October 11 phishing incident.

The manufacturer said its current recommended standard firmware versions are 5.6.3 for Mk4 and Mk5 devices and 1.5.3Q for the Q model. COLDCARD’s published documentation explains that installing corrected firmware does not automatically repair a recovery phrase generated using vulnerable older software. Customers with affected recovery phrases must follow the appropriate replacement process described in the official guidance.

The October phishing message reportedly used concerns about firmware security to encourage another wallet migration.

However, COLDCARD has not linked the social media incident to a new vulnerability in those corrected firmware releases. The distinction is important to the company’s official guidance: the earlier seed-generation issue was documented, while the October 11 message was identified as unauthorized and potentially malicious.

Earlier research found fake COLDCARD websites and support accounts Independent researchers had documented attempts to impersonate COLDCARD after the original firmware problem became public.

On August 5, cybersecurity research group Unclone reported finding ten lookalike domains registered within five days of the July security disclosure. Its investigation examined impersonation activity across websites, social media accounts and customer support channels.

Researchers identified fraudulent websites using language similar to the company’s legitimate security advisory.

Some pages reportedly attempted to collect recovery information from users who believed they were following official instructions. Unclone examined 97 accounts using COLDCARD or Coinkite-related branding across social platforms.

Among them, 34 presented themselves as company support representatives or employees. The researchers found that several impersonation accounts had existed for years before adopting COLDCARD-related branding, allowing them to appear more established than newly created scam profiles.

One fraudulent support account had approximately 17,000 followers at the time of the investigation. The research identified attempts to contact users who had publicly discussed missing Bitcoin or wallet security problems.

In some cases, attackers reportedly presented fraudulent migration instructions as assistance for people responding to the original firmware warning. COLDCARD’s current official setup instructions state that recovery words and backup passwords must never be entered into another device or exposed through websites and support messages.

The manufacturer advises customers to verify firmware downloads and use the device’s own security procedures when generating or replacing wallet recovery information. Its October 11 statement reaffirmed that coldcard.com is the company’s only official website.

COLDCARD said it had contacted X and would continue reviewing account access while preparing further verified information about the unauthorized phishing post.

RippleX Engineering Lead J. Ayo Akinyele stated in a post that securing the XRP Ledger (XRPL) network is the top priority for preserving user trust. Following the earlier disclosure of a critical payment engine vulnerability by Veria AI, the bug had lingered in the codebase for over a decade, with theoretical risks of allowing XRP’s supply to breach its fixed cap. Thankfully, the vulnerability was uncovered through a bug bounty program and remediated before it could be exploited. The XRPL team swiftly developed and comprehensively tested a fix, collaborated with validator node operators to facilitate the network upgrade, and finalized network protections ahead of the vulnerability’s public disclosure.

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Mayukha Vadari, an engineer with RippleX, has warned about the increasing security threats with the advent of artificial intelligence. This comes after developers identified a critical vulnerability in XRP Ledger (XRPL) that would have enabled attackers to mint trillions of XRP from thin air.

"Things have changed with AI. You can't just sneak in a critical bug patch in a regular public release process, because you're going to get caught and reverse engineered right away," Vadari said in a recent post on X.

Vadari’s statement comes in the wake of XRP Ledger’s dev team publicly unveiling the details of a critical vulnerability that was present for a decade and could have affected XRP’s fixed supply of 100 billion tokens.

HOT Stories

Details of the XRP Ledger bugThe vulnerability was identified on Sept. 21 by Veria AI. Veria AI is an artificial intelligence-based security system developed by Veria Labs. The next day, researchers filed a bug report through the XRP Ledger bug bounty program.

According to Veria Labs, the vulnerability allowed attackers to mint a staggering 18.45 trillion XRP through a single transaction, over 184 times the initial supply of the cryptocurrency.

Notably, newly minted XRP could have been spent and transferred to various cryptocurrency exchanges.

Based on their findings, security researchers believed that the vulnerability could have impacted the whole market cap of XRP, which they estimated at around $94 billion when they filed the report.

However, the developers of the XRPL have not come across any evidence of exploitation of the vulnerability on the public network.

Trillions of XRP could have been created through the XRP Ledger bug

According to official disclosure of the vulnerability, the critical issue was an integer overflow in XRP Ledger’s payment engine.

The issue was traced back to the code that was added in 2015 and it pertained to the method of calculating payment amounts for processing multiple offers on the network through the decentralized exchange.

This allowed the attacker, under certain circumstances, to generate hundreds of specially crafted trading offers with abnormally high values of XRP.

If processed as a group, the total payment amount of these trading offers could overflow the 64-bit integer calculations of the system.

However, instead of rejecting the transaction, there would be an overflow in the calculation leading to a much lower figure.

As a result, sellers of the assets could have received the full amount of XRP, whereas the buyer would only be charged a miniscule amount as a fraction of the total amount.

To make matters worse, even the XRP Ledger’s native mechanism that’s supposed to prevent the minting of XRP from thin air was plagued by a similar issue with calculations.

Controversial security measureThe discovery of the issue has led the developers of the XRPL to take an unorthodox path to fix the vulnerability.

The development team has released an emergency update – xrpld 3.4.1 – on Sept. 25. However, they have kept the source code of the update with security fixes in abeyance for now.

This move has led to some criticism in the cryptocurrency world over whether it’s consistent with the open-source nature of the network to share binaries of the software without immediately making the code public.

X Finance Bull, a well-known analyst in the digital asset space, is reaffirming his positive outlook on XRP by focusing on the token’s fundamental utility rather than fluctuations in price charts.

Key reasons for optimismIn a post on X, X Finance Bull stated that his confidence in XRP is based on the underlying problem the cryptocurrency aims to solve, not on individual trading sessions or daily candles. He identified three primary areas where XRP can add value to modern finance: accelerating the movement of value, unlocking trapped liquidity, and enabling connections between different forms of money.

He argued that these underlying issues have grown more prominent as the global financial landscape evolves and payment infrastructure requires new efficiencies.

Faster settlement times and cross-border efficiencyAccording to X Finance Bull, the need to move value rapidly remains a central challenge for banks and payments providers. The XRP Ledger, an open-source blockchain supporting XRP, allows transactions to settle in just a few seconds. This capability streamlines cross-border payments, which typically rely on a protracted correspondent banking system.

X Finance Bull emphasizes that XRP aims to address inefficiencies in international payments: “It’s about solving the concerns that continue to grow larger, not tracking price movements candle by candle.”

Such efficiency especially benefits financial institutions handling multiple currency exchanges or seeking to move money seamlessly across networks.

Liquidity management and capital deploymentX Finance Bull also highlighted the significance of liquidity in cross-border payments. Traditional systems require banks to pre-fund accounts in various jurisdictions, often tying up large amounts of capital. XRP-based solutions reduce this requirement by utilizing XRP as an intermediary, which can potentially free up liquidity for other uses.

This approach aligns XRP’s value with the optimization of global payment operations rather than short-term market price movements.

Mini dictionary: XRP Ledger, often abbreviated as XRPL, is a decentralized blockchain technology that supports the XRP digital asset and is designed for fast, low-fee global payments.

Connecting emerging forms of moneyAs the financial system continues to expand with innovations such as stablecoins, tokenized assets, and central bank digital currencies (CBDCs), connections across different payment networks have become increasingly important. X Finance Bull sees XRP facilitating interoperability in a landscape where digital and traditional assets coexist.

He maintains that as the demand for seamless movement of value across platforms grows, XRP’s ability to interlink separate financial networks becomes more crucial to its potential value.

However, some community members on X have challenged this perspective, stating that institutions can use Ripple’s payment infrastructure without necessarily utilizing XRP. Discussions also noted that RippleNet, Ripple’s enterprise blockchain network, can function independently of XRP Ledger, and that RLUSD, Ripple’s stablecoin, is compatible with both Ethereum and XRPL networks.

Despite differing opinions, X Finance Bull continues to frame XRP’s case around real-world use cases, emphasizing that its long-term value will hinge on solving payment settlement, liquidity management, and interoperability challenges within the growing digital economy.

Ex-Ripple exec on XRP’s 13M AI payments: What’s next?

BTC, ETH, XRP Crash Sparks Whale Accumulation as Buy Signals Appear

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U.S. spot Ethereum ETFs logged a ninth consecutive session of net outflows on October 9, extending the longest redemption stretch since the funds launched, with BlackRock’s iShares Ethereum Trust (ETHA) absorbing the heaviest withdrawals. Ether traded near $2,500 on October 11, down from roughly $2,600 at the start of the month, according to Farside Investors fund-flow data and live market pricing.

The nine-session streak has pulled roughly $697 million from the funds, and the persistence of the selling — rather than any single day’s figure — is the part that matters for holders. A lone large redemption can be dismissed as one investor rebalancing, but a stretch this long points to sustained, broad-based pressure on the ether funds.

Why Ethereum ETFs Keep Bleeding The streak began after the funds’ last net inflow of about $17 million on September 28. Every trading session since has closed in the red. The heaviest day came on October 6, when $201.9 million left the category — the largest single-day outflow in weeks. The next sessions brought $160.9 million on October 7, $72.5 million on October 8, and $56.1 million on October 9, a steady decline that suggests the selling is tapering rather than accelerating.

The category has now gone more than a week without a single positive day, after the streak had already reached six sessions by October 7. The outflows have run alongside a defensive stretch for risk assets, with rising Treasury yields weighing on crypto and hitting ether harder than bitcoin.

BlackRock’s ETHA Drives the Outflows BlackRock’s ETHA has accounted for the bulk of the damage. On October 6, the fund’s $201.9 million redemption made up the entire category outflow. By October 9, ETHA’s $56.1 million withdrawal again represented essentially all of the day’s net redemptions.

Grayscale’s Ethereum Trust (ETHE), which has shed assets since converting from a closed-end fund, contributed smaller amounts on October 7 ($25.8 million) and October 8 ($6.1 million). The concentration in ETHA matters because it is the largest and most liquid spot Ether fund, so its flows act as a rough barometer of institutional sentiment toward ether — and that barometer has pointed one way all month.

The contrast with bitcoin funds is instructive. U.S. spot Bitcoin ETFs recorded a modest net inflow of about $21 million on October 9, breaking a two-day outflow streak, according to SoSoValue. Institutional money has favored bitcoin over ether through the pullback, a divergence that has kept ether underperforming the larger asset.

The split matters for the wider market read. Ether is the second-largest crypto asset, and its ETF flows have become a leading indicator of how traditional investors are positioning. Nine straight days of ether redemptions while bitcoin funds stabilize suggests the current caution is selective rather than a broad exit from crypto, but it leaves ether carrying the burden of that caution for now.

What Happens Next for Ether Ether has slipped below the $2,600 handle it held in early October and is testing the lower end of a range near $2,500. These are reference points drawn from recent trading, not forecasts.

The next flow reading lands when U.S. markets reopen on Monday, October 13. A return to net inflows — or a sharp slowdown in ETHA redemptions — would be the clearest sign the institutional selling is exhausting itself. Continued daily outflows would keep pressure on the $2,500 area that has marked the recent low.

Investors watching the tape should focus on two signals next week. The first is whether ETHA posts a fourth consecutive day of shrinking outflows, which would confirm the taper. The second is whether ether holds the $2,500 floor, since a break below it could force further de-risking in the funds that track the asset.

What remains unresolved is the reason behind the redemptions. Flow data shows what left the funds, not why. Rising Treasury yields and a broader risk-off tone have weighed on crypto through October — the same backdrop that drove a $1.1 billion liquidation flush last week — and the outflows may reflect de-risking rather than a reassessment of ether specifically.

AUTHOR

Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

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

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