Track market-moving stories before they get noisy

A single transaction could undermine years of careful privacy practices for Bitcoin users, according to Cake Wallet’s chief operating officer, Seth for Privacy. During a recent appearance on the Bitcoin Rails podcast, he addressed the critical importance of privacy management for anyone engaging with Bitcoin, especially in Western countries.

Risks of Mixing KYC and no-KYC BitcoinSeth for Privacy, a prominent voice in the digital privacy space, warned that combining Bitcoin obtained through know-your-customer (KYC) processes with coins purchased anonymously (no-KYC) can instantly reveal personal identities linked to previously private assets. He explained that wallet software is often unable to distinguish between these types of coins, which could inadvertently expose a user’s entire transaction history.

If you ever spend your no-KYC coins with one of your KYC coins, you immediately connect all of the non-KYC Bitcoin that you spend in that with your identity.

He referred to this risk as a key aspect of UTXO management, also known as “coin control.” Improper handling of unspent transaction outputs (UTXOs) can make privacy protection efforts ineffective if users do not take a proactive approach.

Bitcoin wallets do not store a single consolidated balance, but a collection of separate UTXOs. Each UTXO represents an individual “coin” tied to a specific transaction. When payments exceed the value of a single UTXO, wallets typically piece together several outputs, potentially combining coins with different privacy backgrounds.

This process can make it easy for users to inadvertently expose their previously unlinked assets.

Mini dictionary: UTXO (Unspent Transaction Output): The output of a blockchain transaction that has not yet been spent and can be used as an input in a new transaction.

Shifts in Privacy Attitudes and Regulatory DevelopmentsInterest in Bitcoin privacy has intensified following last year’s imprisonment of the developers behind Samourai Wallet, a cryptocurrency mixer designed for enhanced transaction privacy. This case highlighted ongoing tensions between privacy proponents and regulators across the world.

In a notable development for privacy advocates, the US Department of Treasury recently abandoned two long-standing crypto surveillance proposals. This move is regarded as a sign of changing regulatory attitudes and a positive step for the digital asset industry.

Seth observed that, unlike in some countries in the global South, people in Western nations may not yet fully appreciate the need for privacy until their rights face significant challenges. However, he noted that overall awareness is increasing, with many more people now taking digital privacy seriously compared to five or six years ago.

It has been shifting, in the last five or six years a lot of people — even in the West — are starting to think privacy really matters, we really need to think about this seriously now.

Role of Cake Wallet and Advancements in Privacy TechnologyCake Wallet is a self-custody, open-source wallet that emphasizes privacy for its users. Earlier this year, the platform added support for the Bitcoin Lightning Network, aiming to deliver faster and more private transactions on a second layer built atop the Bitcoin blockchain.

Alongside its Bitcoin offerings, Cake Wallet also supports other digital assets, including the privacy-focused cryptocurrency Monero. Despite Monero’s reputation for robust privacy features, Seth for Privacy suggested his preference for broader adoption of strong privacy protections within Bitcoin itself, making niche privacy coins less necessary in the future.

He stated that enabling mainstream cryptocurrencies to offer strong privacy would be preferable to having specialized tools that, while more secure, reach only a smaller audience.

Cryptocurrency researcher SMQKE has released a detailed regulatory timeline for the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) concerning official rulemaking for digital assets. The schedule indicates that joint rulemaking will take place between late 2026 and 2027, with full implementation targeted for early 2027. This development signals an important countdown for exchanges and XRP holders as regulatory deadlines approach.

The regulatory timeline and phased implementationAccording to SMQKE’s overview, the legislative process starts with a Senate Committee Markup initially projected for March 2026, followed by a full Senate vote expected in April or May 2026. If approved, the bill would proceed to the President’s desk, with a potential signing in June 2026.

A presidential signature would initiate a Provisional Registration period. During this stage, crypto exchanges can register with the CFTC to avoid enforcement actions, positioning themselves for compliance before the regulations take full effect. Two main dates stand out on the timeline: the start of the Joint Rulemaking Period, projected for late 2026 through 2027, and the conclusion with full implementation in early 2027. At that point, a grace period of 18 months will end, requiring complete compliance from all platforms operating in the US digital asset market.

“Late 2026 to early 2027 marks a critical phase, with the SEC and CFTC finalizing joint rules on token classification and custody. The grace period concludes with full implementation, requiring all platforms to achieve full regulatory compliance.”

EventProjected DateMain ImpactSenate VoteApril–May 2026Bill advances to PresidentPresidential SigningJune 2026Exchanges begin Provisional RegistrationJoint Rulemaking PeriodLate 2026–2027Regulatory rules finalizedFull ImplementationEarly 2027Mandatory compliance for all platformsLegislative setbacks and agency actionSMQKE’s timeline assumed the smooth passage of the CLARITY Act, a significant piece of legislation aimed at clarifying regulations for digital assets. However, the bill failed a Senate cloture vote on September 15, falling short by 11 votes, with every present Democrat voting against it.

Despite the setback, regulatory authorities continued moving forward using their existing legal powers. SEC Chair Paul Atkins announced that the agency would proceed within its statutory bounds. The CFTC issued a similar statement.

Following the failed vote, the SEC introduced the Innovation Exemption on September 17, establishing a conditional five-year framework allowing tokenized stock trading under specific criteria. On the same day, the CFTC extended a no-action position for passive software providers engaged with digital assets. The SEC also issued a proposal regarding crypto custody for investment advisers at the start of October.

This policy approach emphasizes regulatory guidance and exemptions in the absence of clear statutory changes, with the agencies gradually building a framework for compliance across the sector.

Mini dictionary: SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) are the two primary US federal agencies responsible for regulating securities and derivatives markets, respectively. Their joint rulemaking is a process where both regulators create harmonized rules for the oversight of digital assets such as cryptocurrencies.

XRP’s role in the upcoming regulatory waveXRP stands among sixteen digital assets classified as commodities following a joint SEC and CFTC interpretation finalized in March 2026. The regulatory framework emerging during the upcoming rulemaking window will directly affect how exchanges and institutional participants handle XRP, especially in terms of custody and classification requirements.

With the failure of the CLARITY Act, more responsibility now rests with regulatory agencies rather than lawmakers. The late 2026 to early 2027 period has become the focal point as agencies advance their rules using existing statutory authority.

Regulatory agencies continue to shape the digital asset landscape by issuing exemptions, proposals, and interpretations in the absence of new legislation, underscoring the importance of the upcoming joint rulemaking period for assets such as XRP.

XRP’s price has retreated to $1.39, reflecting a decline of nearly 9% from its level last week. Despite the downward move, prominent community validator Vet (@Vet_X0) highlighted that the XRP Ledger’s underlying technology is steadily advancing. In a recent post, Vet said that while XRP is “perhaps down in price, but up in tech,” underscoring the network’s progress amid price volatility.

Permission Delegation and new feature rolloutsThe XRP Ledger mainnet has just activated the Permission Delegation amendment, allowing account holders to authorize external accounts to send specific transaction types on their behalf. This change introduces fine-grained native controls for developers, enabling them to restrict what delegated accounts can execute. The amendment gained approval after exceeding 80% support among validators for two consecutive weeks.

Another significant upgrade, the Batch amendment, is scheduled for activation on October 9. Accompanied by the security fix fixBatchV1_2, Batch empowers users to combine up to eight transactions into a single atomic operation. This approach ensures that either all transactions in the group are successful or none are executed, which is expected to benefit institutional settlements and complex workflow automation.

Three additional amendments remain under consideration for network voting: Confidential Transfer, Sponsor, and Dynamic MPT. The Confidential Transfer feature would allow on-chain encryption of Multi-Party Transfer (MPT) balances and transaction amounts. Sponsor would enable third parties to handle transaction fees and reserve requirements for other users. Dynamic MPT would let token issuers modify certain properties of their tokens after issuance.

Mini dictionary: Multi-Party Transfer (MPT) allows multiple parties to jointly control and manage digital assets or balances, facilitating secure collaboration and advanced tokenization use cases on blockchains.

Potential impact on adoption and priceEach enhancement aims to improve the XRP Ledger’s appeal to financial institutions. Permission Delegation is expected to reduce operational risk in automated systems, while Batch delivers atomic, multi-step transaction capabilities. Sponsor could help lower barriers to entry for new users by removing the requirement to hold XRP, and Confidential Transfer is designed to offer privacy, a key concern for institutions interacting with public networks.

Broader network capabilities tend to drive increased activity, which in turn builds a stronger case for long-term adoption. Many observers see this adoption as a foundation for possible future price growth.

AmendmentMain FeatureStatusPermission DelegationAuthorize other accounts to send specific transactionsActivatedBatchCombine up to 8 transactions into an atomic groupScheduled for October 9Confidential TransferEncrypt balances and amounts on-chainIn votingSponsorAllow third parties to pay fees and requirementsIn votingDynamic MPTEnable issuers to alter token properties post-issuanceIn votingThe ongoing developments have sparked a range of responses in the XRP community. Some users agreed with Vet’s optimistic perspective, with one noting that the Batch feature could improve user experience and create new avenues for platform monetization. Another member pointed out the longer-term importance of technological utility as a driver for future price gains.

One contributor highlighted that advancements like Batch can allow platforms to actually charge for their services rather than depending on indirect fee sharing, potentially supporting platform sustainability alongside user experience improvements.

Others were more skeptical, suggesting that technical improvements do not offset the pain of falling portfolio values. Some critics maintained that investors support the network by holding tokens rather than developing new technologies, and questioned whether focusing on upgrades might distract from price underperformance.

Several skeptics voiced concerns that, regardless of technology, ongoing price declines remain a major issue for investors who do not directly benefit from new features or infrastructure.

Ripple has gained notable attention on Wall Street after a recent feature in the Wall Street Journal examined its growing presence across the cryptocurrency and finance sectors. The report quoted industry sources who pointed to Ripple’s expansion into areas such as stablecoins, digital asset custody, and swap financing, positioning the company as a significant new participant in markets traditionally dominated by established financial institutions.

Ripple’s move into prime brokerageRipple’s recent $1.25 billion acquisition of Hidden Road has placed it squarely in competition with traditional Wall Street banks. This deal enables Ripple to offer prime brokerage services and earn fees on leveraged equity trades, signaling a substantial pivot toward institutional markets. With this shift, Ripple now operates alongside global financial giants when it comes to providing asset management and broker services to large clients.

Further institutional adoption appeared when Paxos integrated support for XRP, allowing its partners to access the token through a regulated platform known in the traditional finance sector. XRP currently exists in 8.1 million wallets, with the network supporting a market capitalization of approximately $95 billion.

Institutional developments and network growthRipple Custody has introduced support for the Canton Network, providing institutions with the capability to hold and transfer Canton assets while managing other digital assets in parallel. In a related move, South Korea’s Merit Securities has partnered with Ripple as it explores blockchain-based asset tokenization for the country’s capital markets. Digital Asset Investor, a prominent industry commentator, referenced XRP’s role as a key liquidity pair on the XRP Ledger in the context of these developments.

Technical resistance and price outlookPrice action in XRP remains closely watched. Technical analysts have highlighted the $1.49 mark as the key breakout level for XRP, based on patterns observed in the market. At the time of the analysis, XRP traded at $1.39, just below this resistance point. Digital Asset Investor emphasized that the digital asset was approaching a major move and described the market as poised for rapid shifts if resistance breaks.

Technical experts maintained that overcoming resistance at $1.49 could trigger a significant upward move in XRP, with the asset hovering just below this critical level.

Tokenization and wider ecosystem activityIndustry leaders also pointed to the rising importance of real-world asset tokenization in driving demand for networks like the XRP Ledger. A director from Charles Schwab stated that tokenization supports increased demand for native tokens that underpin such ecosystems, regardless of prevailing Bitcoin trends. Matt Hougan of Bitwise described current developments as “the dawn of the institutional era,” a sentiment echoed by Digital Asset Investor, who sees XRP playing a central role.

Market observers have noted that tracking investor flows alongside traditional price analysis is now vital in the evolving digital asset landscape. In the meme token sector, a single trend can translate into millions in transaction volume within days, as illustrated by Fomo App’s data on a “Niu Lai” trade that turned $99 into roughly $370,000. Monitoring not just price but also trade timing and token selection is essential for market participants today. Fomo App aims to streamline this process by merging token discovery with trading, offering features such as social feeds, investor rankings, and real-time trade notifications for those following meme tokens and broader investor activity.

Tokenization on the XRP Ledger has resulted in strong liquidity flows, with the network currently leading in real-world asset net movements among all blockchains so far this year.

XRP price has slipped below its 50-day moving average near $1.43, leaving its rebound toward $1.39 facing resistance as Evernorth prepares for its delayed Nasdaq debut.

Summary

XRP price traded near $1.39 after falling 7.6% over seven days, according to CoinGecko. The daily chart places the 50-day moving average at $1.4336 and the 200-day at $1.2805. CoinGlass shows overhead liquidation concentrations around $1.43–$1.44 and $1.53–$1.54. Evernorth expects XRPN trading to begin Oct. 12, subject to closing conditions and Nasdaq requirements. CoinGecko recorded XRP at about $1.39 on Oct. 9, with a seven-day trading range of $1.32–$1.53. The token remained down 7.6% over that period despite a 4.5% recovery over 24 hours, while its market capitalization stood near $87.6 billion.

The Binance XRP/USDT weekly chart on TradingView showed a separate calendar-week decline of 8.56%, with price retreating from an opening level of $1.5205 to $1.3905. Its weekly high reached $1.5310, while the low stood at $1.3189.

XRP falls below $1.43 as daily momentum turns negative TradingView’s daily chart places XRP at $1.3903, below the 50-day moving average of $1.4336. The gap leaves the token roughly 3% beneath that average following its retreat from the late-September trading area around $1.50–$1.60.

XRP price daily chart — Oct. 9 | Source: TradingView The daily chart shows the 50-day average rising above the 200-day average in late September. However, the latest sell-off has taken price back below the shorter average while leaving it above the longer one, which stands at $1.2805.

Based on those chart levels, a recovery first needs to regain approximately $1.43 before the recent $1.50–$1.53 trading area comes back into reach. Failure to recover that average would leave the bounce beneath the first major daily trend reference.

The daily Bull Bear Power indicator also reads negative at minus 0.1331. Its recent red bars accompany the drop below the 50-day average, giving the rebound a weaker momentum backdrop than the August surge shown on the same chart.

On the downside, the weekly low near $1.32 is the closest clear price reference from the latest sell-off. A renewed break beneath that low would put the daily 200-day average around $1.28 in focus, approximately 8% below the current price.

Weekly resistance keeps $1.56 above the rebound TradingView’s weekly Murrey Math indicator places a major support-and-resistance pivot at $1.5625. XRP remains below that level after its recent attempt to extend the recovery from the August lows.

XRP price weekly chart — Oct. 9 | Source: TradingView The same indicator marks the bottom of its trading range at $1.1719. That level sits below both the latest weekly low and the daily 200-day average, making it a more distant downside reference if the current recovery loses further ground.

The weekly Average Directional Index reads 27.46 and has declined from earlier readings above 30. The indicator measures trend strength rather than direction; the bearish direction comes from the falling price structure visible on the weekly chart.

A chart-based upside scenario would require XRP to recover $1.43, then clear the recent weekly high near $1.53 and the $1.5625 pivot. That sequence would bring the late-September highs around $1.60–$1.65 back into view.

Until those levels are reclaimed, the weekly chart shows XRP trading beneath the area where its latest recovery stalled. A move above $1.56 would weaken that bearish setup, while a break below $1.32 would strengthen the downside case.

Liquidation bands cluster above XRP’s current price CoinGlass’s one-week liquidation heatmap shows XRP falling from above $1.50 to approximately $1.32 before recovering toward $1.39. The sharpest downward move appears late on Oct. 8, followed by a rebound that remained below $1.41.

XRP liquidation heatmap | Source: CoinGlass Near the right edge of the heatmap, overhead liquidation bands appear around $1.43–$1.44, with additional concentrations near $1.46–$1.48. The brightest persistent cluster sits higher, around $1.53–$1.54.

The lower portion shows concentrations near $1.36–$1.37 and around $1.35. Those bands place leveraged positions close to the rebound’s recent trading range, while the $1.53–$1.54 cluster overlaps the weekly high area.

Taken together, the daily chart and heatmap identify $1.43 as the first nearby recovery hurdle. The higher liquidation concentration becomes relevant to the bullish scenario only after XRP moves through the intervening price levels.

Oct. 12 listing remains a scheduled XRP catalyst Evernorth attributed its postponed Nasdaq debut to an administrative delay, moving expected XRPN trading from Oct. 8 to Oct. 12. According to the company’s update, the business combination was expected to close Oct. 9, subject to customary conditions.

crypto.news reported that Evernorth expected to hold approximately 473 million XRP at closing. The proposed Nasdaq listing would give U.S. stock-market investors access to shares in an XRP-focused treasury company.

Separately, the XRP Ledger’s official release notice described version 3.4.1 as an emergency security update and scheduled the associated amendment for Oct. 9, conditional on continued validator support. The notice warned that outdated servers would lose synchronization after activation and said publication of the security-sensitive source code would follow later.

Ripple also announced on Oct. 6 that Ripple Prime would provide brokerage, clearing and financing services to Brevan Howard funds. The announcement put the investment manager’s assets at about $35 billion.

Against those developments, XRP’s immediate chart-based test remains the $1.43 average. Reclaiming it would improve the route toward $1.53–$1.56; losing $1.32 would instead expose the $1.28 longer-term average.

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

XRP Releases Major Update Targeting Wall Street Giants

Crypto analyst Steph Is Crypto posted on X that XRP had reached $0.10 on a major Asian exchange, a claim that quickly grabbed the attention of the digital asset community. The post, which did not name the exchange or provide verifiable trading data, led to significant speculation and discussion.

Responses to the claim were wide-ranging. While some users expressed excitement at the possibility of acquiring XRP at such a low price, others believed the incident was likely a technical error rather than an actual market event.

A number of users stated they would buy large amounts if the price was accurate, emphasizing the opportunity such a sudden drop would present. Others, however, questioned the claim, suggesting it was a pricing glitch and referencing similar past incidents where XRP’s price briefly spiked before returning to normal levels.

One community member pointed to thin order books as a potential cause, citing how low liquidity can sometimes result in abrupt and short-lived price movements that do not reflect the broader market.

Glitches like these typically come down to data feed errors, brief order book imbalances, or system malfunctions on the exchange side. On a platform that processes large volumes of transactions, distorted prices can appear for a few seconds before correcting.

Price glitch history in XRPInstances of XRP price display errors are not uncommon, although they have historically moved in the opposite direction. In June, a price glitch displayed XRP at $62,032, but no transactions occurred at that value. Other similar incidents have shown XRP prices exceeding $10 million, again without real trades at those levels.

Drops are much less typical for these errors, making the analyst’s claim of a sudden $0.10 price unusual. Historically, such glitches show dramatic spikes upward, while confirmed trades remain unaffected.

Technical factors and market monitoringThe technical reasons behind flash glitches include momentary malfunctions in an exchange’s order book, delayed data feeds, and software failures. These temporary mispricings usually last just seconds before self-correcting, leaving little opportunity for real trades at the displayed values.

No verifiable data currently supports the claim that XRP traded at $0.10 on any major Asian exchange. The original social media post did not identify a specific trading platform or provide transaction evidence, adding to doubts about the authenticity of the reported event.

In an environment where a single Federal Reserve policy adjustment or sudden altcoin listing can instantly reshape the market, traders often need faster, more reliable tools. Constantly switching between separate platforms for charts, news, and portfolio management can lead to missed opportunities and financial loss. Many investors are turning to privacy-focused apps like CryptoAppsy, which brings together real-time charts, price alerts, targeted coin news, and economic macro data on a single interface—all without requiring account creation.

For now, the XRP incident remains unconfirmed, and community members are encouraged to verify sources before reacting to sudden price claims.

No confirmed trade data is showing XRP at $0.10, and the original post still hasn’t named the exchange where it supposedly happened.

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

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

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Evernorth completed its merger with Armada Acquisition Corp. II on Friday, entering the public markets with approximately 473 million XRP and approximately $300 million in gross cash proceeds before transaction expenses.

The XRP treasury company expects its common stock to begin trading on Nasdaq on October 12 under the ticker XRPN. Armada is a special purpose acquisition company sponsored by Arrington XRP Capital Fund.

Founder and CEO Asheesh Birla said Evernorth intends to actively deploy capital across the XRP economy, support infrastructure and new use cases, and pursue strategies designed to grow XRP per share over time.

The company’s investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR.

Evernorth first announced the merger agreement in October 2025. At the time, it outlined a public treasury strategy combining XRP accumulation with institutional lending, liquidity provision and decentralized finance yield opportunities. Birla previously served as a senior executive at Ripple, helping build its payments business.

That strategy extends beyond holding XRP. Evernorth says it intends to provide capital for tokenized assets, onchain credit markets and settlement infrastructure while operating under public company reporting and governance standards.

Its original plans also included participating in XRP Ledger validation, using Ripple’s RLUSD stablecoin to access decentralized finance opportunities and supporting projects that expand XRP’s use in payments and capital markets.

The closing follows Armada shareholders’ approval of the business combination on September 30. An October 1 announcement had anticipated trading would begin on October 8. Friday’s release sets the expected debut for October 12.

Arrington Capital founder Michael Arrington said Evernorth brings substantial capital and public company standards to the institutional development of the XRP ecosystem.

Evernorth expects to ring the Nasdaq closing bell on October 14, with company leadership, investors and members of the XRP ecosystem attending.

XRP was last trading near $1.39 at press time, up roughly 1% on the day, though it remained under pressure as Bitcoin consolidated near $83,000.

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

Bitmine Immersion Technologies (NYSE: BMNR) is nearing the end of a buying program that turned the listed firm into the largest corporate holder of Ethereum. Speaking at the Token2049 conference in Singapore on October 7, 2026, chairman Tom Lee said the company will stop accumulating ether once its position reaches 5 percent of the token’s circulating supply, a level he described as a hard ceiling rather than a flexible milestone.

The firm is already close. In a disclosure covering holdings as of October 4, Bitmine reported 6,016,414 ETH, equal to roughly 4.9 percent of the about 122.1 million tokens then in circulation.

Lee said only about 100,000 additional coins were required to reach the limit.

At the pace of recent weekly purchases—including roughly $41 million of ether added in the preceding week—that gap could close in six to seven weeks if buying continues at a similar rate and prices do not shift sharply.

He noted that management had once expected the process to take about five years; instead it took a little more than a year, much of it during a weaker market.

The strategy began in late June 2025.

Since then Bitmine has purchased ether every week, creating one of the more consistent sources of spot demand for the asset.

At prices near $2,580 around the time of the remarks, the stack was worth on the order of $15.5 billion.

The company has also reported several hundred million dollars in cash and marketable securities, enough on paper to cover the remaining purchases without an immediate new capital raise.

Lee has framed the 5 percent cap as a way to protect shareholders: once accumulation ends, the firm no longer needs to issue equity or take on financing solely to buy more ether, which he has argued could let the stock respond more directly if the token rises.

Ending the purchases does not, on the statements available so far, mean selling the existing treasury.

Much of the position is already staked.

Reporting around the conference indicated that Bitmine intends to keep staking and may sell staking rewards so the holding does not drift above the stated ceiling.

The firm is also sitting on large unrealized losses, on the order of several billion dollars, because a substantial share of the coins was acquired at higher prices during the prior bull phase.

Lee has characterized the completed buying as preparation ahead of a much larger move in ether, rather than as a signal that the company is exiting.

Ether’s price softened after the comments, falling several percent and trading below $2,600 in the sessions that followed, with futures liquidations concentrated on long positions.

Bitcoin and other major crypto assets declined over the same stretch, however, which points away from a purely ether-specific reaction.

Broader selling has been linked to rising US Treasury yields, higher oil prices, and geopolitical tension involving Iran, including market responses to statements about the timing of any potential US action relative to the midterm elections.

Spot ether exchange-traded funds have also recorded multi-day outflows, adding another source of supply unrelated to Bitmine’s treasury policy.

That wider backdrop makes a lasting, fundamental repricing tied only to the cap less likely.

Bitmine is not announcing a disposal of its roughly 6 million ETH, and the network’s issuance, staking, or usage mechanics are unchanged by a corporate buyer deciding to stop.

The removal of a steady weekly bid is a real shift in marginal demand, and it arrives while ETF flows have been negative, so near-term pressure can persist.

Over a longer horizon, though, a decline driven mainly by the end of one buyer’s accumulation—while that buyer retains the coins and while bitcoin and the rest of the market are moving for separate macro reasons—fits the profile of a temporary setback more than a structural break.

In brief Starknet is "actively considering" becoming an independent layer-1 blockchain, with 2027 as the target to become the first fully quantum-resistant network. StarkWare CEO Eli Ben-Sasson said an L1 would let Starknet control its own security upgrades instead of waiting for Ethereum, whose roadmap targets core post-quantum infrastructure around 2029. The STRK token traded near $0.073 on Friday, up about 20% in 24 hours and more than double its roughly $0.03 price in April. Starknet, the Ethereum scaling network built by StarkWare, said it is weighing a move to become its own blockchain.

"We are actively considering becoming an L1," the project wrote on X. "This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target."

Myriad: Where does Ethereum go next? Click to make your prediction.The STRK token traded around $0.073 on Friday, up about 20% in 24 hours. That is more than double the roughly $0.03 it fetched in April, when StarkWare cut staff to chase revenue.

An L1, or layer 1, is a base blockchain such as Bitcoin or Ethereum that validates and secures its own transactions. Starknet is a layer 2, a network that sits on top of Ethereum, bundles transactions into batches and leans on the base chain for security.

Starknet's pitch centers on quantum computers, machines that could one day crack the elliptic-curve cryptography (the math behind the digital signatures that prove you own your coins) used by Bitcoin and Ethereum. Starknet's own proofs rely on hash functions, which scramble data into fixed fingerprints and are considered quantum-resistant, though some elliptic-curve pieces remain that it said it would replace in a roadmap published June 30.

Starknet price data. Image: TradingviewStarkWare CEO Eli Ben-Sasson floated the idea in a thread on X, saying the quantum threat "may be much closer than we think" and that AI's pace in mathematics adds a second risk that calls for "bunker mode"—a phrase recently popularized by Ethereum researcher Justin Drake in his own call to action earlier this week.

Starknet becoming an L1 for post-quantum agility: good idea or bad idea?

Two giant elements we need to pay attention to:
(1) The quantum threat.
It may be MUCH closer than we think.

(2) AI.
It's becoming more powerful than we can process.
Is anyone willing to bet how much time… pic.twitter.com/bLsxzwX2mQ

— Eli Ben-Sasson | Starknet.io (@EliBenSasson) October 8, 2026

Ben-Sasson wrote that Starknet, as an L2, relies on the security of Ethereum, which means it can only be as quantum-safe as its base layer. He said the network needs Ethereum to move "real fast," and that becoming an L1 is among the options if it does not.

Ethereum's own roadmap targets core post-quantum infrastructure by around 2029, per ethereum.org, after the Ethereum Foundation formed a dedicated post-quantum team in January. Drake said at the time that "timelines are accelerating." Bitcoin has made no such commitment, according to Ben-Sasson.

Becoming an L1 would give Starknet control over its own security upgrades, so it would not have to wait for Ethereum or Bitcoin to move first, Ben-Sasson wrote. It would also mean Starknet secures itself instead of borrowing Ethereum's protection, the arrangement that defines a layer 2. The statement does not say how existing apps and users would move over.

On the other hand, it would also mean Starknet is responsible for its safety and development, which could be a hurdle considering Ethereum as a project is the second largest and most active in the crypto ecosystem after Bitcoin.

No quantum computer can break these systems today, and experts disagree on when one might. Strategy co-founder Michael Saylor told Bloomberg last year that he does not worry about it, arguing that banks and tech giants would be hit first.

Ben-Sasson said Starknet could reach quantum resistance by 2027, two years before the end-of-2029 date he cited for Ethereum.

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19h05 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

An Ethereum whale suffered the liquidation of 28716 ETH, valued at 69.69 million dollars, during the market crash on October 9. This amount represents the value of the closed position, while its realized loss would be close to 4.48 million dollars.

In brief An Ethereum whale sees 28716 ETH, worth 69.69 million dollars, liquidated after the price dropped to 2420 dollars. The trader records an estimated realized loss of 4.48 million dollars. Thirty minutes after its liquidation, the whale injects 10 million USDC and opens a new position on 9580 ETH. A drop of ether below 2300 dollars could lead to further forced closures. Crypto liquidations reach 1.19 billion dollars in 24 hours, including 356 million on Ethereum. The Ethereum whale loses part of its position The trader used three addresses on Hyperliquid to maintain significant leveraged positions. Spotted on October 7, they then controlled about 352 million dollars of long bets on bitcoin and ether.

The total included 1140 BTC and 98090 ETH. The positions had been opened about two weeks earlier, at average prices near 82205 dollars for bitcoin and 2604 dollars for ether. They still showed an unrealized gain of 2.66 million dollars before the acceleration of the drop.

The key figures allow to distinguish exposure and real loss :

Hyperliquid liquidated 28716 ETH, valued at 69.69 million dollars ; The realized loss on this portion would reach about 4.48 million dollars ; The trader added 10 million USDC thirty minutes later ; He opened a new long bet on 9580 ETH ; This new position represented about 23.26 million dollars ; His remaining positions reached 78955 ETH after the operation. On-chain tracking Lookonchain states that the whale “continues to bet on ETH upside”. This observation describes its visible positioning, but does not reveal its identity nor any possible hedges held on other platforms.

A new position opened thirty minutes later The price of ether dropped to about 2420 dollars overnight. This fall reached the liquidation thresholds of two portions of the position, located around 2446 and 2424 dollars.

Thirty minutes after these forced closures, the trader transferred 10 million USDC as new margin. He then bought 9580 ETH futures around 2428 dollars, just a few dollars above the level that had just triggered his liquidation.

His total exposure remained close to 288 million dollars after this new commitment. It included about 195 million dollars in long ether positions and over 93 million dollars on bitcoin.

The two main addresses held respectively nearly 39964 ETH at an average entry price of 2647 dollars and 38991 ETH around 2531 dollars. They showed a combined unrealized loss of several million dollars at the time of the snapshot.

This new risk-taking does not prove that the trader correctly anticipates a rebound. It may also be part of a broader strategy, impossible to reconstruct solely from the visible positions on Hyperliquid.

Further liquidations possible below 2300 dollars The next liquidation thresholds are around 2299 and 2286 dollars. With ether close to 2486 dollars, they are about 8% below the current price.

A decline to these levels could lead to new forced closures. Their scale will depend on margin additions, voluntary reductions, and loss evolution. The thresholds shown on Hyperliquid may therefore change before the market reaches them.

The two positions are also distributed across several addresses. Crossing a first threshold would not necessarily mean immediate liquidation of all 78955 ETH.

The public nature of the platform facilitates tracking these bets. However, it also encourages overinterpretations: a major address is not always an isolated investor. It may belong to a fund, a market maker, or an entity that offsets its risk elsewhere.

Ether dominates the wave of liquidations This whale was hit during a widespread purge of derivatives markets. About 1.19 billion dollars of crypto positions were liquidated over 24 hours, including more than one billion in long bets.

Ether accounted for nearly 356 million dollars in liquidations, ahead of the 298 million recorded on bitcoin. This imbalance remains notable since Ethereum’s market cap is less than one fifth that of bitcoin.

Relative to their market cap, liquidations on ether were about six times more significant. Traders had accumulated leverage while the market moved within a tight range. Breaking the supports then triggered successive automatic sell-offs.

The bet of this whale therefore illustrates less a conviction to follow than a risk inherent to leverage. Even a rebound of ether can improve its margin, but an additional 8% drop would put its positions back under pressure.

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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.

Hacker who stole funds from Ledger transferred $1.07 million worth of ETH to Tornado Cash, with some of the funds flowing into Binance’s hot wallet.

According to Onchain Lens monitoring, the suspected hackers linked to the recent crypto heist involving Ledger reseller CryptoBillis — with the stolen amount reportedly nearly $90 million — have transferred 430.2 ETH, valued at around $1.07 million, to Tornado Cash via four wallets. After Tether froze some of the related funds, the suspects reportedly began converting USDT to USDD via SUN.io and USDD’s Peg Stability Module (PSM), while another portion of the funds flowed into Binance’s hot wallet. The suspected wallets flagged by Onchain Lens currently hold approximately $70.6 million in assets, including 11,406 ETH (worth ~$28.35 million), 213.371 BTC (~$17.65 million), 13.646 million USDD (~$13.65 million), and 10.909 million USDT (~$10.91 million). As on-chain funds continue to move, the above tracking data and suspect associations remain to be further verified.

6 hours ago

Former Mt.Gox CEO claims to have discovered Ledger hardware wallets implanted with spy modules, which can send mnemonic phrase information via LTE.

Former Mt. Gox CEO Mark Karpelès revealed in a post that a Ledger hardware wallet he received is suspected to have an implanted spy module. The device originated from Malaysia; its outer packaging’s heat-shrink film was intact, and anomalies were not immediately noticeable upon opening. The implant was hidden in the position of the screen’s original buffer pad. Karpelès further detailed that the module contains LTE communication components, an antenna, eSIM, and a microcontroller connected to Ledger’s SPI bus. It can analyze characters displayed on the device to users and exfiltrate relevant data after the mnemonic phrase is configured. Attackers may subsequently monitor the victim’s wallet address and transfer assets at an opportune moment. He urged users to inspect their devices in accordance with Ledger’s official guidance.

6 hours ago

MAGIC rose over 60% in 24 hours, pushing its market capitalization to $33 million.

According to HTX market data, MAGIC has surged over 60% in the past 24 hours, currently trading at $0.0992, with its market cap rising to $33 million.

6 hours ago

某用户6月抄底80枚BTC浮盈138万美元，一周前存入Ledger现已全部被盗

According to Lookonchain’s monitoring, a user purchased 80 BTC for approximately $65,000 around four months ago, with a total investment of about $5.2 million. The user once recorded an unrealized profit of roughly $1.38 million. However, the user bought a Ledger hardware wallet from third-party dealer CryptoBillis a week ago and transferred all 80 BTC into it, only to have the entire funds stolen now. This incident is linked to recent fund thefts involving multiple CryptoBillis clients, though whether the devices were tampered with, the specific attack method, and the attacker’s identity remain unconfirmed.

6 hours ago

Investor Loses 80 $BTC ($5.2M) After Buying Compromised Ledger From Reseller

Poor guy! 4 months ago, he bought 80 $BTC ($5.2M) at a low price of ~$65,000 and was sitting on a $1.38M profit. But a week ago, he bought a Ledger device from reseller CryptoBillis and deposited all 80 $BTC into it. Now he's lost everything.

6 hours ago

A Ledger user who purchased the device only three weeks ago had 7 million USDT stolen, likely the largest single loss in this incident.

Multiple users who purchased Ledger hardware wallets from dealer CryptoBillis have suffered fund theft, with total losses approaching $90 million. According to monitoring by on-chain analytics firm Lookonchain, a user with address TY24Ya bought a Ledger device from CryptoBillis three weeks ago, deposited 7 million USDT into it, and roughly 10 hours ago, the entire sum was stolen—marking one of the largest individual losses in this incident. To date, whether the devices were tampered with, the specific technical root cause of the theft, and the attacker’s identity remain unconfirmed. The public is advised to exercise vigilance and approach hardware wallets from unvetted sources and third-party distribution channels with caution.

6 hours ago

20h05 ▪ 7 min read ▪ by Ghiles A.

Summarize this article with:

Exchange-traded funds linked to cryptocurrencies are experiencing a period of significant capital outflows. In two sessions, US spot ETFs on bitcoin and Ether lost nearly one billion dollars, while trading volumes have increased significantly. This evolution reflects a rapid shift in institutional flows. While several products continue to attract investments, withdrawals now dominate the main fund categories and raise questions about the short-term market trend.

In brief US spot ETFs on bitcoin record $244.13 million in outflows in one day. Fidelity accounts for most withdrawals with $197.09 million withdrawn from its FBTC fund. ETFs on Ether undergo $72.54 million in outflows, marking an eighth consecutive session of decline. Bitcoin and Ether funds total nearly $965 million in outflows over two days. XRP and NEAR attract capital despite the widespread decline in crypto ETF investments. Bitcoin ETFs Experience New Massive Withdrawals On Thursday, US spot ETFs linked to bitcoin recorded $244.13 million in net outflows. This new decline extends the significant withdrawals observed the previous day. Fidelity’s FBTC fund accounts for most sales, with $197.09 million in outflows according to Sosovalue data. This development places the manager among the main contributors to the daily decline in institutional investments.

Other products also experienced significant withdrawals during the session. Ark and 21Shares’ ARKB lost $20.29 million, while Bitwise’s BITB recorded $17.71 million in outflows. Grayscale’s GBTC saw a decline of $8.20 million. BlackRock’s IBIT logged $5.54 million in withdrawals, confirming the magnitude of outflows across several major funds.

Bitcoin spot ETFs record nearly $731 million in net outflows over two days, while their net assets fall to $104.91 billion. Source: Sosovalue. However, Franklin’s EZBC moved counter to the trend, with $4.71 million in net inflows. Despite this inflow, negative flows largely dominated the overall market. The total trading volume on these funds reached $3.81 billion, while their net assets fell to $104.91 billion. This combination of high volumes and persistent outflows shows that investors are actively adjusting their positions.

The spot market also reflects this development. Bitcoin declined over 4% over seven days and was recently trading below $82,800. After an accumulation phase observed in September, institutional flows are now taking a more cautious direction. The upcoming sessions will determine whether these withdrawals continue or if investors regain interest in US funds.

Ether Records Eight Consecutive Sessions of Outflows US spot ETFs on Ether lost $72.54 million on Thursday, extending their withdrawal streak to eight consecutive sessions. This trend confirms the difficulties faced by products linked to the market’s second-largest cryptocurrency. BlackRock’s ETHA accounted for most of the outflows, with a reduction of $71.12 million. Grayscale’s ETHE also lost $6.12 million during the day.

Several other products experienced redemptions, notably those from 21Shares and VanEck. However, some funds attracted new capital despite this general trend. Fidelity’s FETH recorded $5.50 million in inflows, while Morgan Stanley’s MSSE gained $1.32 million. These positive moves were not enough to offset the withdrawals observed in other products.

The trading volume on Ether-related ETFs reached $1.92 billion. Meanwhile, their net assets decreased to $15.64 billion. Over two sessions, funds linked to the two major cryptocurrencies totaled approximately $964.5 million in outflows. The scale of this movement highlights a rapid shift in institutional allocations.

The Ether price has also experienced a sharper decline than bitcoin. Over seven days, it fell more than 9%, recently reaching around $2,485. This trend accompanies the withdrawals observed in American financial products. If outflows persist, investors will need to monitor ETF flows and price movements together to better understand market direction.

XRP and NEAR Continue to Attract Capital Despite Decline Despite outflows affecting the main fund categories, some products continue to attract investments. XRP ETFs recorded $8.17 million in inflows on Thursday. Franklin’s XRPZ accounted for all of these new funds. Trading volume reached $65.44 million, while the net assets of these funds stood at $1.56 billion.

NEAR-linked ETFs also had a positive session. Bitwise’s NRR fund, launched the previous week, attracted $4.04 million. Its net assets closed at $59.86 million, about 1% of NEAR’s market capitalization. These inflows contrast with outflows observed in several other products and show that capital movements differ depending on the assets.

However, these results are not enough to reverse the overall crypto ETF trend. Inflows in XRP and NEAR remain limited compared to amounts withdrawn from funds linked to bitcoin and Ether. Investors seem to distribute their positions unevenly among various digital assets. Upcoming flow data will help verify whether this demand persists in future sessions.

Meanwhile, the sector continues developing in new markets. In Thailand, the regulator published a framework authorizing locally listed crypto ETFs, initially covering bitcoin and Ether. This regulation is set to take effect on October 16. This development expands access opportunities to financial products linked to cryptocurrencies at a time when US markets are facing significant outflows.

Zcash, HYPE, and Solana Continue Facing Outflows Other ETF categories also closed the session in the red. Funds linked to Zcash lost $18.66 million, mainly through Grayscale’s ZCSH. Their net assets dropped to $655.95 million, below the $700 million threshold. Despite this decline, cumulative net inflows remain positive at $181.84 million.

HYPE ETFs also saw outflows, with $9.70 million withdrawn from 21Shares’ THYP. Solana ETFs experienced a fourth consecutive session of withdrawals, with $3.32 million in net outflows. Bitwise’s BSOL lost $5.26 million, while Morgan Stanley’s MSOL and Invesco’s QSOL attracted more modest amounts.

These movements confirm that pressure doesn’t only affect the two main cryptocurrencies. Several fund categories are experiencing redemptions, although some products continue attracting capital. Differences among assets show that flows don’t follow a uniform trajectory across the market. The next sessions will need to be examined to determine whether outflows spread further or if some categories regain positive momentum.

In the short term, flows of US spot ETFs will remain an important indicator of market evolution. If outflows persist and volumes remain high, institutional caution may continue weighing on prices. Conversely, a sustained return of net inflows would signal possible stabilization in demand. Bitcoin will thus move in a context where upcoming financial data will help measure investors’ ability to resume positions.

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Ghiles A.

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.

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.

Table of contents

Thailand’s Securities and Exchange Commission (SEC) has issued rules allowing local asset managers to launch exchange-traded funds tracking Bitcoin and Ethereum, clearing the way for the country’s first domestically listed crypto ETFs. The regulator’s announcement says the notifications take effect October 16.

The funds must be passive vehicles that track a single cryptocurrency and hold at least 80% of their net asset value in that asset over each accounting year. Bitcoin and Ethereum are the only eligible assets in the initial phase, and the funds can trade only on the Stock Exchange of Thailand.

What the New Rules Require Crypto ETF custodians must be digital asset custodians regulated by Thailand’s SEC. Asset managers seeking to launch a fund must show adequate organizational readiness, and they may outsource digital asset investment management only to licensed digital asset fund managers. Brokers cannot lend clients money to buy the funds, mirroring the existing ban on lending for direct crypto purchases.

Investors will have to acknowledge that they understand the product’s risks before trading, and securities firms must emphasize appropriate asset allocation. Digital asset custodians and other qualified operators can also register as mutual fund supervisors for crypto ETFs.

A New Route for Thai Investors The change gives Thai investors a domestic option instead of relying on foreign products or direct exchange trading. Until now, Thailand permitted only institutional and wealthy investors to buy foreign crypto ETFs. The SEC also amended its rules so mutual funds and private funds can invest in Thai crypto ETFs, an option previously limited to foreign funds.

The move extends a broader digital-asset policy push in Thailand, which has one of the world’s highest rates of crypto ownership per capita.

What Comes Next In the initial phase, the SEC will not allow depositary receipts referencing foreign crypto ETFs, or brokers to facilitate foreign-ETF purchases for non-institutional clients. The framework follows public hearings held between April and September, which the regulator said drew majority support.

The approval adds Thailand to a growing list of markets expanding crypto ETF offerings, though no fund has yet filed to launch and the first Thai Bitcoin or Ethereum ETF has no confirmed debut date.

AUTHOR

Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.

Cardano, one of the world’s leading blockchain networks, registered a notable increase in on-chain activity, coinciding with the launch of a new token standard and the tokenization of an actual company’s equity assets.

Jump in on-chain activity with CIP-0113 debutBlockchain analytics firm Santiment observed that daily active Cardano (ADA) addresses climbed sharply in early October, reaching approximately 27,500 on October 7 and 27,200 on October 8. These figures represent nearly a 70% jump compared to Cardano’s average daily active addresses during a typical September weekday.

The surge aligned directly with the mainnet rollout of CIP-0113, a new programmable token standard designed to enhance the usability and flexibility of digital assets on the Cardano blockchain. Despite this milestone, Cardano’s ADA saw its price fall around 13% between the close on October 6 and the end of October 8.

Cardano’s recent network activity spike was not mirrored by Bitcoin or Ethereum, whose daily active addresses remained unchanged or dropped during this period. The sustainability of Cardano’s growth, however, remains a point of discussion in the crypto community.

DateActive ADA AddressesADA Price ChangeBTC/ETH AddressesOct 727,500–No changeOct 827,200-13% (Oct 6 close to Oct 8)Flat or lowerCardano is a proof-of-stake blockchain platform built to enable complex programmable value transfers, known for its gradual and research-driven development approach.

Mini dictionary: CIP-0113 is a Cardano Improvement Proposal introducing a new token standard aimed at supporting advanced digital asset functionalities and programmable features on the Cardano network.

Veridian becomes first equity asset on CIP-0113In tandem with the address spike, the Cardano Foundation facilitated the spin-off of its digital identity initiative, Veridian, as an independent entity in Switzerland. Most noteworthy, Veridian’s 1 million shares were tokenized directly on the Cardano blockchain using the new CIP-0113 standard, marking the first live equity asset to adopt this upgrade.

This move goes beyond theoretical tests and demonstrates tangible adoption of Cardano’s improved on-chain capabilities.

Mini dictionary: Veridian is a digital identity project originally developed by the Cardano Foundation; it now operates independently and claims to have tokenized its equity on Cardano.

Bullish call targets $20 ADA priceAmid the technical developments, a prominent analyst on X, UniverseTwenty, expressed optimism about ADA’s future. UniverseTwenty projected a bullish scenario, suggesting ADA could surpass $20 per token by early 2027, with further gains possible if momentum persists past significant Fibonacci levels.

Achieving this target would demand not only a major rally in ADA’s price but also a fundamental transformation in Cardano’s market capitalization and narrative.

UniverseTwenty argued that, with the combination of surging activity, the new token standard, and live tokenized equity, conditions are aligning for a potential parabolic phase in Cardano’s market trajectory.

While these bullish targets capture attention, analysts and the Cardano community remain divided about whether the recent uptick signals the start of a sustainable period of growth or simply reflects a temporary reaction to product launches.

@Cardano has officially crossed the 125 million cumulative transaction mark on its mainnet, with network data showing close to 1 million transactions registered within the current epoch alone. The milestone reflects a sustained uptick in on-chain activity that has been building across several months.

Momentum Building Across the Network The 125 million figure is the latest in a series of transaction records for the network. As recently as late September 2026, That trajectory has continued upward, supported by a broader surge in activity.

The activity is spread across multiple use cases. Network statistics confirm contributions from DEX liquidity pools, native asset transfers, and smart contract execution. while

What Drives Activity on Cardano's eUTXO Model Cardano's architecture sits at the centre of its usage patterns.

That architectural approach has drawn growing interest from developers. as part of its broader infrastructure, underscoring the scale of participation across the ecosystem.

The 125 million transaction milestone adds another data point to a network that has maintained uninterrupted operation since launch, with activity now clearly accelerating heading into the final quarter of 2026.

Sources:
The Crypto Basic: Cardano DEX Volume Jumps 112% as On-Chain Activity Grows
The Coin Republic: Cardano Foundation Marks 9 Years with 123 Million Transactions
CryptoNews: Cardano Transaction Activity Surges as Daily Transactions Hit 7-Day High

Remittix defines the final RTX pricing stage before its November debut as XRP and Cardano keep payments and real-world financial utility at the center of the crypto market.

MAJURO, Marshall Islands, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Remittix has set $0.46 as the final RTX presale price and planned minimum exchange launch price ahead of its scheduled November 24, 2026 market debut.

RTX remains available at $0.23. The progression to $0.46 establishes a visible path as Remittix approaches its $36 million hard cap and tests PayFi with 1,000 invited holders.

The update arrives as an ambitious XRP price prediction targets $12 and Cardano’s RealFi expansion revives discussion of a return to $1 for ADA. These established assets demonstrate the size of the global payments and onchain-finance opportunity, while Remittix gives buyers earlier exposure through a platform preparing for its first exchange launch.

Remittix Establishes Its Final Presale Price

The $0.46 figure is the announced final presale tier and planned minimum exchange launch price, not the current RTX price. The token remains available at $0.23 while the present allocation lasts, creating a defined transition before the November 24 debut.

Remittix has raised more than $32 million from over 40,000 participants. With the hard cap set at $36 million, the project has entered the final portion of its funding cycle while product testing and launch preparation move forward simultaneously.

For buyers, that creates a clear proposition: a current entry, stated final tier, confirmed trading date and an ecosystem demonstrating user activity.

PayFi Gives RTX a Direct Real-World Role

The Remittix PayFi platform is designed to let users fund eligible payments with digital assets while recipients receive conventional currency through compatible banking routes. The model targets remittances, international invoices, contractor payments, supplier settlement and crypto portfolio withdrawals.

One thousand invited holders can now test EUR and USD routes, with crypto-to-fiat and fiat-to-crypto functionality available. Supported stablecoin options include USDT and USDC across Ethereum, Celo, Base and Polygon, with further currencies, assets and networks planned.

The broader ecosystem adds further utility. The iOS wallet has surpassed 10,000 downloads, Remittix Markets has processed more than $50 million in volume, and Remittix Earn is approaching release with advertised yields of up to 22% APY on eligible holdings.

XRP Price Prediction Targets $12 as Cardano Eyes $1

XRP recently traded near $1.40. A move to $12 would require an increase of more than eightfold, representing an aggressive payments-led bull case built around institutional adoption, ETF demand, stablecoin growth and greater XRP Ledger activity.

Cardano has added a tangible real-world-asset catalyst. RealFi is live on Cardano mainnet, bringing its USDrf and sUSDrf model to the network. ADA initially advanced toward $0.27 following the launch, while the combination of real-world assets and onchain yield has revived the long-term $1 Cardano price prediction.

XRP focuses on institutional payment infrastructure, and Cardano is broadening its decentralized-finance economy. Remittix targets the user-facing bridge that can turn supported crypto into fiat delivered through familiar banking channels.

The $0.46 Stage Sharpens the RTX Launch Case

The path from the current $0.23 stage to the announced $0.46 final tier places a measurable milestone before public trading. At the same time, PayFi testing, wallet adoption, Markets activity and the upcoming Earn product provide several potential drivers of ecosystem demand.

November 24 represents the point at which a connected payment, trading and earning platform enters open-market price discovery, giving RTX a powerful utility-led launch narrative.

About Remittix

Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.

Website: https://remittix.io
X: https://x.com/remittix

Media contact:
[email protected]

Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f86866b-7f7e-4fec-987e-d16fb9f42f94

Remittix

Remittix Source: Remittix

Ethereum rose 71% in Q3, with its profit supply ratio still not entering the warning zone.

Coinbase Institutional issued a report noting that ETH rallied 71% in the third quarter, yet on-chain metrics show no clear signs of overheating in its price action. Data indicates the share of ETH supply in profit has exited the accumulation range, but remains well below the warning threshold, signaling the current market has not reached the overextended levels flagged by historical metrics.

5 hours ago

Hacker who stole funds from Ledger transferred $1.07 million worth of ETH to Tornado Cash, with some of the funds flowing into Binance’s hot wallet.

According to Onchain Lens monitoring, the suspected hackers linked to the recent crypto heist involving Ledger reseller CryptoBillis — with the stolen amount reportedly nearly $90 million — have transferred 430.2 ETH, valued at around $1.07 million, to Tornado Cash via four wallets. After Tether froze some of the related funds, the suspects reportedly began converting USDT to USDD via SUN.io and USDD’s Peg Stability Module (PSM), while another portion of the funds flowed into Binance’s hot wallet. The suspected wallets flagged by Onchain Lens currently hold approximately $70.6 million in assets, including 11,406 ETH (worth ~$28.35 million), 213.371 BTC (~$17.65 million), 13.646 million USDD (~$13.65 million), and 10.909 million USDT (~$10.91 million). As on-chain funds continue to move, the above tracking data and suspect associations remain to be further verified.

5 hours ago

Former Mt.Gox CEO claims to have discovered Ledger hardware wallets implanted with spy modules, which can send mnemonic phrase information via LTE.

Former Mt. Gox CEO Mark Karpelès revealed in a post that a Ledger hardware wallet he received is suspected to have an implanted spy module. The device originated from Malaysia; its outer packaging’s heat-shrink film was intact, and anomalies were not immediately noticeable upon opening. The implant was hidden in the position of the screen’s original buffer pad. Karpelès further detailed that the module contains LTE communication components, an antenna, eSIM, and a microcontroller connected to Ledger’s SPI bus. It can analyze characters displayed on the device to users and exfiltrate relevant data after the mnemonic phrase is configured. Attackers may subsequently monitor the victim’s wallet address and transfer assets at an opportune moment. He urged users to inspect their devices in accordance with Ledger’s official guidance.

5 hours ago

MAGIC rose over 60% in 24 hours, pushing its market capitalization to $33 million.

According to HTX market data, MAGIC has surged over 60% in the past 24 hours, currently trading at $0.0992, with its market cap rising to $33 million.

5 hours ago

某用户6月抄底80枚BTC浮盈138万美元，一周前存入Ledger现已全部被盗

According to Lookonchain’s monitoring, a user purchased 80 BTC for approximately $65,000 around four months ago, with a total investment of about $5.2 million. The user once recorded an unrealized profit of roughly $1.38 million. However, the user bought a Ledger hardware wallet from third-party dealer CryptoBillis a week ago and transferred all 80 BTC into it, only to have the entire funds stolen now. This incident is linked to recent fund thefts involving multiple CryptoBillis clients, though whether the devices were tampered with, the specific attack method, and the attacker’s identity remain unconfirmed.

5 hours ago

Investor Loses 80 $BTC ($5.2M) After Buying Compromised Ledger From Reseller

Poor guy! 4 months ago, he bought 80 $BTC ($5.2M) at a low price of ~$65,000 and was sitting on a $1.38M profit. But a week ago, he bought a Ledger device from reseller CryptoBillis and deposited all 80 $BTC into it. Now he's lost everything.

5 hours ago

TLDR: Hinkal joins Mastercard’s Crypto Partner Program to advance privacy-focused digital asset payment applications. Zero-knowledge proofs help verify transfers without publicly exposing transaction amounts, senders or recipients. Existing integrations include Polygon Wallet, Tether’s Wallet Development Kit, Turnkey and Avvio. Screening and viewing keys aim to balance transaction confidentiality with regulatory and audit requirements. Hinkal has joined Mastercard’s Crypto Partner Program, bringing blockchain privacy infrastructure into a global payments initiative focused on digital assets. The partnership connects Hinkal with Mastercard’s ecosystem as stablecoins expand into payments, settlements, and commercial transactions.

Hinkal provides infrastructure that allows platforms to process private stablecoin transfers without exposing transaction amounts or counterparty relationships publicly. Its technology uses zero-knowledge proofs to verify transfers while keeping sensitive transaction details confidential. 

The integration could help businesses explore onchain payments without making their financial activity visible to everyone on public blockchains.

Hinkal Brings Privacy to Mastercard’s Crypto Partner Program Mastercard’s Crypto Partner Program connects blockchain companies with its payments teams and a broader network of industry participants. Members include stablecoin issuers, blockchain infrastructure providers, crypto card enablers and companies supporting digital asset transactions.

According to an announcement, the initiative supports practical digital asset applications through partner collaboration, industry connections and go-to-market opportunities. Selected members can also access financial institutions across Mastercard’s issuing and acquiring network, alongside regulatory and compliance support.

For Hinkal, joining the program creates an opportunity to bring confidential transaction infrastructure into payment products. Rather than requiring companies to build privacy systems independently, Hinkal allows wallets and platforms to integrate its technology through software development kits (SDKs) and APIs.

The infrastructure supports private settlements and payouts across fintech platforms, payment providers and wallets. Hinkal operates across Ethereum, Polygon, Solana, TRON and other major EVM-compatible networks.

Existing integrations demonstrate how the technology can fit into products already serving users. 

Polygon Wallet offers Private Send powered by Hinkal, while Tether’s Wallet Development Kit includes its private-send functionality. Turnkey wallets can also integrate privacy through Hinkal’s SDK, and Avvio operates private payments through its interface.

These integrations allow partner platforms to maintain their products while adding transaction confidentiality as a feature.

Hinkal has joined the @Mastercard Crypto Partner Program, bringing privacy infrastructure to its global payments ecosystem.

The program connects blockchain innovators with the broader payments industry to advance practical applications of digital assets.

As stablecoins expand… pic.twitter.com/C2YIca4kL9

— hinkal (@hinkal_protocol) October 9, 2026

Why Does Stablecoin Payment Privacy Matter? Stablecoins can transfer value around the clock, but public blockchain transactions can expose financial relationships and payment amounts. That transparency may create challenges for businesses handling payroll, supplier payments, treasury movements and other commercially sensitive transactions.

Hinkal addresses this issue through zero-knowledge proofs, which allow a network to verify transfers without publicly revealing their underlying details. Its system keeps transaction amounts, senders and recipients confidential from public observers.

However, privacy does not mean eliminating compliance oversight. Hinkal says funds undergo screening before entering its system, while viewing keys allow users and businesses to share transaction histories with authorized auditors or regulators.

This approach aims to balance confidentiality with the oversight required for regulated financial activity. It could prove useful as payment providers explore stablecoins for cross-border transfers, business transactions and settlement flows.

Mastercard’s program provides a framework for connecting these technical capabilities with established payment infrastructure. However, Hinkal’s membership does not itself confirm a direct Mastercard product integration or a commercial launch.

In brief Sen. Richard Blumenthal sent Cantor Fitzgerald a 13-item request for records on its Tether business arrangement, with responses due Oct. 23. The letter claims Cantor's 5% Tether stake rose from $600 million to an estimated $10 billion since Trump returned to office, but does not accuse Cantor of breaking a specific law. Blumenthal also asks for the terms of any Tether loan that helped Howard Lutnick transfer his Cantor stake to his children. Sen. Richard Blumenthal is asking Wall Street firm Cantor Fitzgerald to hand over records on its business relationship with Tether, the issuer of USDT, the world’s largest stablecoin—the dollar-pegged digital asset that underpins the crypto economy.

He also wants to know how much money the family of Commerce Secretary Howard Lutnick has made from the arrangement, according to a letter dated Thursday.

Myriad: Who wins the midterm elections? Click to make your prediction.“Disturbingly, Cantor Fitzgerald’s lucrative business arrangements with Tether come at the expense of America’s national security,” Sen. Blumenthal argued.

The letter went to Brandon Lutnick, Cantor’s chairman and Howard Lutnick’s son, from Blumenthal as the top Democrat on the Senate Permanent Subcommittee on Investigations. It is a request for information with an Oct. 23 deadline rather than a subpoena, and it describes the minority’s probe as an investigation into “the illicit use of cryptocurrencies and the Trump Administration’s self-enrichment and self-dealings with cryptocurrency firms.”

The letter does not accuse Cantor of breaking a specific law, and nothing in it is a finding of wrongdoing. It asks how the firm checks that Tether follows U.S. sanctions and anti-money-laundering rules, and the claims about Tether and the Lutnick family are Blumenthal’s, built on press reports and his staff’s earlier work.

“Just as Tether has made untold millions in interest and investments from the stablecoins used in these illicit activities, so has Cantor Fitzgerald profited from its relationship with Tether,” Blumenthal wrote.

“Given the longstanding and deeply intertwined relationship between Tether and Cantor Fitzgerald, and its substantial relationships within the Trump Administration, I am writing to request information about your business partnership with Tether and to learn about your practices for detecting violations of American banking and sanctions laws,” the senator added.

Blumenthal wrote that Lutnick has made more than $250 million since President Donald Trump returned to office, including a $192 million distribution from Cantor. Over the same stretch, he said, Cantor’s 5% stake in Tether climbed from $600 million to an estimated $10 billion, on top of the tens of millions of dollars a year the firm collects from the assets it holds for Tether.

Cantor acts as Tether’s custodian, the firm that safeguards its reserves (the cash and other holdings meant to back every USDT in circulation). Blumenthal noted that although Tether claims to operate out of El Salvador, “the vast majority of its assets reside in the United States under your custodianship.”

Howard Lutnick ran Cantor until the Senate confirmed him as Commerce Secretary in February 2025, and the firm is now chaired by his son Brandon. The senator also requests the terms of any loan or legal strategy that would allow Lutnick to transfer asset ownership to his children.

That request tracks a reported loan from Tether to a trust for Lutnick’s four children, for an undisclosed amount, made around the time they bought out their father’s stake in Cantor. Sens. Elizabeth Warren and Ron Wyden asked Lutnick and Tether about it in April.

When assets are transferred to a trust, the people under investigation don’t have the legal property over those assets.

The letter landed 10 days after the subcommittee’s Democratic staff released “Tethered to Terrorism,” a report finding that 84% of 846 crypto wallets (addresses that hold tokens) sanctioned or targeted for seizure over links to Iran and its proxies used USDT exclusively or nearly exclusively.

The headline number rests unevenly on two lists: 87% of the 757 wallets designated by Israel’s counter-terror finance bureau transacted mostly in USDT, against 57% of the 101 designated by OFAC, the Treasury office that enforces U.S. sanctions.

Tether, which can lock a wallet so the tokens inside cannot move, published a statement the same day citing roughly $550 million in Iran-linked freezes this year, including $344 million in April and more than $130 million in July. It did not address the report directly.

Blumenthal also wants Howard Lutnick’s own records on Tether from his time at Cantor, including “any discussion of Tether with the White House or state and federal regulators, lobbying on Tether’s behalf.”

Other requests cover Cantor’s know-your-customer policies (the checks a firm runs on who it does business with), whether it has ever weighed ending the relationship, and its communications with the President’s Council of Advisors on Digital Assets.

Cantor has until Oct. 23 to respond, and the letter asks the firm to preserve every document, record and communication tied to its Tether relationship in the meantime.

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US Treasury Secretary Scott Bessent revealed that the United States is preparing to seize $1 billion in cryptocurrency assets this week as part of ongoing efforts to enforce sanctions against Iran.

Crackdown targets Iran’s financial networksBessent shared this statement at the Newsmax NPolicy Summit on Thursday, confirming that the planned seizure forms part of a broader strategy to restrict Iran’s access to international financial resources. The move coincides with increased scrutiny following Iran’s latest military actions that began in February.

While Bessent did not specify whether the assets are tied to particular crypto exchanges or stem from action by stablecoin issuers, he emphasized the aim is to economically isolate Iran. He stated, “We know where it is, and we are isolating them,” during a discussion with journalist Greta Van Susteren.

“We know where it is, and we are isolating them.”

The strategy includes a focus on disrupting financial channels that support Iran’s regime, regardless of whether transactions occur in US dollars, Iranian rials, or digital assets.

Role of OFAC and previous seizuresThe Treasury Department’s Office of Foreign Assets Control (OFAC) has played a central role in targeting entities suspected of facilitating crypto transfers for Iran’s Islamic Revolutionary Guard Corps. OFAC, which administers and enforces US economic sanctions programs, announced new designations in August against crypto exchanges accused of assisting Iran with illicit finance.

Bessent said that Washington intends to raise pressure on Tehran by further disrupting networks moving funds to the Iranian government, reflecting a continued focus on cryptocurrency as a vector for sanctions evasion.

In an interview in April, the Treasury Secretary indicated that US authorities had previously confiscated $500 million in digital assets allegedly linked to Iran.

Mini dictionary: OFAC – The Office of Foreign Assets Control is a department within the US Treasury responsible for administering and enforcing economic and trade sanctions based on US foreign policy and national security goals.

Stablecoins also under scrutinyStablecoin issuer Tether took action in alignment with sanctions, freezing $550 million worth of USDt (USDT) linked to Iran in 2026. According to Tether, $344 million of these frozen assets were blocked in April alone as part of efforts led by US authorities.

US authorities have focused on disrupting the financial networks supporting the Iranian regime using traditional and digital currencies alike.

The crackdown on crypto related to Iran underscores Washington’s intention to tighten controls on digital assets suspected of facilitating sanctioned activities.

Wallet maker Ledger has begun an investigation into the alleged loss of funds from customers’ wallets. The investigation into the alleged Ledger exploit follows claims that users have suffered wallet drains totaling up to $86 million.

Ledger Exploit: Hardware Wallet Maker Begins Investigation In an X post, the wallet maker said it is investigating reports of users in Southeast Asia losing funds after purchasing their wallet from a reseller named CryptoBillis. “As a precaution, and pending the results of our investigation, we have asked CryptoBillis to pause all sales and shipments of Ledger devices,” it said.

Furthermore, Ledger recommended that users who purchased their product from the reseller in the last 90 days do not set up their wallet yet, if they haven’t already. Meanwhile, the wallet maker advised those who have set up their wallet to consider moving their funds to a new signer.

The alleged Ledger exploit comes amid increased concerns over crypto security. Notably, in August, crypto hardware wallet maker Trezor disclosed a data breach which affected nearly 14,000 customers.

Meanwhile, crypto exchange Bitget suffered a hack last month, allowing hackers to steal up to $351 million in XRP, ETH, and other crypto assets.

Users Allegedly Lose Bitcoin, Ethereum, USDT In Wallet Breach Onchain investigator Specter drew attention to reports on X and Reddit of Ledger users suffering wallet drains. He also revealed an investigation showing the Ledger exploit spans several networks, including Bitcoin, Ethereum, and TRON.

The investigator said that total losses exceed $86 million. Meanwhile, Arkham data also shows the hackers stole nearly $30 million in ETH from users of the top crypto wallet provider.

Furthermore, 211 BTC, worth around $17.55 million, have also been drained from users’ wallets. Users also lost USDD and USDT on the TRON network in the Ledger exploit. Binance co-founder Changpeng “CZ” Zhao also commented on the incident, noting that it appears to be isolated to a supply chain attack with one vendor. He added that the affected users likely bought fake or tampered Ledger devices.

⚠️ Beware if you use a Ledger hardware wallet, especially if you bought one recently.

Based on information so far, it seems to be localized to a supply chain attack with one vendor. A small number of people probably bought fake (or tampered) Ledgers.

Ledger is one of the most secure and oldest hardware wallets in the industry. Stood the test of time. But these things happen.

I expect and know all BNB ecosystem players (and all industry) to help trace and recover the funds.

— CZ 🔶 BNB (@cz_binance) October 9, 2026

Ledger has asked a Southeast Asian reseller to halt sales of its hardware wallets while it investigates reports that buyers lost funds. The move came about an hour after on-chain investigators put suspected Ledger losses above $86 million.

Ledger has not confirmed that figure or said whether any devices were tampered with. Its warning covers only recent buyers from one reseller in Southeast Asia.

What Ledger Told Buyers of CryptoBilis DevicesA hardware wallet is a small device that keeps the secret keys to a person’s crypto offline. Ledger is one of the best-known makers.

On Friday, Ledger Support named the seller as CryptoBilis. The Malaysian shop, founded in 2020, sells crypto merchandise and Ledger devices. It also operates in Indonesia and the Philippines.

Ledger told anyone who bought from the shop in the past 90 days not to set the device up. Buyers who already had were told to move funds to a new device with a new seed phrase. A seed phrase is the 24-word backup that controls a wallet.

“As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices,” Ledger Support stated.

Where the $86 Million Claim Comes FromThe loss figure comes from Specter, an on-chain investigator who tracks public blockchain data. Specter said they traced funds from hundreds of victim wallets on Ethereum, TRON, and Bitcoin.

There have been a reports on X and Reddit of wallet-draining by Ledger users.

I traced the theft addresses and identified inflows from more hundreds of victim wallets across several major blockchains, including Ethereum, TRON, and Bitcoin.

Total losses $86M+… pic.twitter.com/c5dhQeAZ0l

— Specter (@SpecterAnalyst) October 9, 2026 Public records on mempool show three Bitcoin addresses Specter listed hold about 211 BTC combined. None of it had moved as of 13:44 UTC on Friday.

Ledger has not endorsed the $86 million total. It also has not explained how funds left users’ wallets.

A Second Hardware Wallet Scare Since AugustTampered devices sold outside official stores are a known risk. In April, a researcher found fake Ledger units on a Chinese marketplace that sent PINs and seed phrases to attackers.

Separately, in August, a Coldcard firmware bug drain cost Bitcoin holders about $70 million. Coldcard is a rival hardware wallet.

Ledger said it will share updates as the investigation progresses. Whether the CryptoBilis devices were altered before reaching buyers remains unanswered.

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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