Track market-moving stories before they get noisy

Analysis: AI leading stocks pushed the S&P 500 index up 117% during the bull market, with mounting market concentration risk.

Market analysis notes that since October 2022, the S&P 500 index has risen 117% cumulatively, driving the total market capitalization of U.S. stocks to increase by nearly $40 trillion, with the rally mainly fueled by AI-related stocks. Meanwhile, the S&P 500 Equal Weight Index has underperformed its market-cap weighted counterpart by 52 percentage points, hitting the widest gap in history—underscoring this bull market’s reliance on a small number of large tech stocks. Nvidia’s share price has surged more than 1900% cumulatively over the same period, while U.S. Treasury yields have recently risen to 5.34%, further stoking market concerns about valuation pressures. Investors are closely monitoring whether corporate earnings growth can sustain this bull market.

6 minutes ago

Injective Releases INJ and Proposed ETF Operational Guidelines, Detailing Token Economic Model and On-Chain Financial Applications

Injective has published a post explaining the relationship between its blockchain network, native token INJ, and the proposed Canary Staked INJ ETF (ticker: INJC). The blockchain serves as a transaction settlement infrastructure for financial applications, while INJ is used to pay network fees, stake to maintain network security, and participate in governance. If approved, INJC will offer investors exposure to INJ price movements and staking yields via traditional securities accounts. On the token economic front, Injective distributes staking rewards through protocol issuance and reduces circulating supply via token burns. Its Community BuyBack mechanism ties ecosystem revenue to INJ burns: participants receive a proportional share of an ecosystem asset basket based on the percentage of INJ they commit, while their committed INJ is burned. Regarding the ETF, Canary Capital has filed a related application with the U.S. SEC, naming BitGo Bank & Trust as the proposed custodian for INJ. Per the application documents, the fund plans to stake at least 90% of its INJ under normal conditions, with staking rewards typically reinvested. The product remains a proposal and is pending regulatory approval.

6 minutes ago

Iran's Revolutionary Guard: Will henceforth punish vessels violating rules outside the Strait of Hormuz.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it attacked a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz several hours ago. The group later released a statement noting that effective immediately, any vessel committing violations outside the Strait of Hormuz will also face "punishment". The statement did not elaborate further on the specific scope of the violations or the details of the punishment measures.

6 minutes ago

Circle Issues Additional 250 Million USDC on Solana Network

According to Whale Alert monitoring, a Circle address minted 250 million USDC on the Solana blockchain five minutes ago, valued at approximately $250 million.

6 minutes ago

Ledger users suspected victims of large-scale crypto theft attack; on-chain analysts report losses exceeding $86 million

On-chain analyst Specter published a report noting that multiple Ledger user wallet theft incidents have been recently reported on X and Reddit. After tracing the relevant stolen addresses, he discovered the funds came from hundreds of victim wallets, spanning multiple mainstream blockchains including Ethereum, Tron, and Bitcoin, with total losses exceeding $86 million. The analyst has now disclosed multiple addresses linked to the cases, though the attack’s cause, exact number of affected users, and whether Ledger has security vulnerabilities remain unconfirmed. Current information is primarily sourced from on-chain tracking and community reports and requires further verification.

6 minutes ago

An iPhone version of Doubao mobile assistant has emerged? Developer demonstrates controlling an iPhone using Opus 5.5

Beating AI Express: Developer Finn Voorhees has demonstrated an AI agent capable of directly operating an iPhone. He only sent one prompt asking the agent to find the cheapest Ryanair flight to London for the next day. The agent then opened Ryanair on its own, input the destination, selected the date, checked fares, and finally returned to the chat interface to report the result—no computer was involved throughout the process. This agent runs in PiChat, an iPhone chat app developed by Voorhees. It leverages his previously open-sourced PiDurableKit at its core, running the Pi Agent on the iPhone via Apple’s JavaScriptCore to handle model calls, tool execution, and task management. The video uses Claude Opus 5.5, with model inference still running in the cloud. To enable the agent to continue working after switching to other apps, PiChat also uses Apple’s background task mechanism and saves execution progress via SQLite for easy resumption after interruptions. The most critical cross-app control code has not been made public. When activating iPhone Control in the video, the system required entering the lock screen password to enable XCTest UI automation. XCTest is Apple’s UI testing framework that can simulate taps, swipes, and text input. The open-source project TouchSynthesis leverages XCTest’s private interfaces to let iPhones generate touch events on their own, eliminating the need for real-time computer control. However, Voorhees has not confirmed whether he used this approach.

6 minutes ago

Ethereum, the world’s second-largest cryptocurrency by market capitalization, has dropped back to the $2,500 range following several days of selling pressure fueled by rising US Treasury yields, a stronger dollar, and weakening institutional inflows.

Sharp price pullback as technicals weakenOn October 9, ETH traded near $2,500 after briefly sliding to around $2,408 the previous Thursday, marking an almost 9% decline from recent highs above $2,700 earlier this week. This downturn follows back-to-back declines of 4% and 4.5% on consecutive trading days, which erased most of Ethereum’s October gains.

The rapid drop has left Ethereum’s immediate technical outlook under pressure. Analysts noted the $2,500 zone had already been highlighted as a key vulnerability, especially after approximately $165 million in leveraged long positions were liquidated during the recent selloff.

If Ethereum fails to hold above $2,500, trader focus may shift to the next support area in the $2,400 to $2,450 zone, given that ETH touched a session low of $2,408 on Thursday, indicating buyers are being tested at those levels.

Exchange balances for Ethereum have dropped to multi-year lows, with supply now tightly linked to institutional flows and investor demand as staking and withdrawals steadily reduce available coins on the market.

ETF outflows contrast with Bitcoin inflowsUS-listed spot Ethereum exchange-traded funds (ETFs) saw net outflows of $201.9 million on October 6, marking the largest single-day withdrawal in recent weeks. In contrast, Bitcoin spot funds recorded net inflows of $118.8 million in the same trading session, highlighting a shift in institutional capital between the two largest crypto assets.

AssetETF Net Flows (Oct. 6)Recent Price LevelEthereum (ETH)-$201.9 million$2,500Bitcoin (BTC)+$118.8 millionNot specifiedIndustry observers have indicated that Ethereum’s bullish narrative relies increasingly on institutional demand to absorb circulating supply, at a time when staking and exchange withdrawals have driven available liquid supply to multi-year lows.

The ongoing slide in exchange balances for Ethereum continues to raise questions about whether institutional buyers will step in to offset retail and speculative selling, especially as macroeconomic pressures remain a headwind for risk assets.

Traders are closely monitoring the $2,500 to $2,400 range for signs of buying support or a potential continuation of the current downtrend.

Mini dictionary: Spot ETF, an exchange-traded fund that aims to directly track the price of the underlying asset such as Bitcoin or Ethereum, allowing investors to gain exposure without directly owning the cryptocurrency itself.

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9 October 2026 | 15:10 Tom Lee sees Ethereum reaching $25,000 to $50,000 during the current bull cycle. At roughly 122 million ETH in supply, the upper end of that range would value the network at about $6.1 trillion.

That calculation puts his call in perspective. Ethereum would need to earn a much larger role in financial markets, with tokenized assets, stablecoins and institutional products creating activity that also supports demand for ETH.

Key Takeaways Lee’s $25,000-$50,000 range belongs to his wider bull-cycle thesis. He expects tokenization to bring larger institutional pools on-chain. Ethereum needs to capture value from settlement, collateral and staking activity. BitMine’s ETH treasury shows Lee’s conviction, while adoption still needs separate proof. What the $50,000 target would require In a recent interview, Lee described Ethereum as a neutral settlement layer for a growing on-chain financial system. He also gave a nearer-term view: ETH could approach $7,500 by year-end if Bitcoin moves above $100,000.

The $25,000-$50,000 range covers a much longer path. Lee expects tokenization to shift assets and financial services onto public blockchains, giving Ethereum a larger role in the markets that issue, trade and settle those assets.

How Lee separates Ethereum’s price scenarios

Near-term view

About $7,500

Linked to Bitcoin moving above $100,000.

Long-cycle view

$25,000-$50,000

Built around tokenization and institutional adoption.

Scale at $50,000

~$6.1 trillion

Approximate ETH value at a supply near 122 million coins.

Lee sees a large pool of capital outside crypto Lee argues that crypto still represents a small slice of the capital that could eventually move on-chain. He put the addressable pool at “$200 trillion minimum,” while separately pointing to public equities and fixed income as much larger traditional markets than crypto today.

The figure is his framing rather than a precise addition of every asset class. Its purpose is to show the gap between today’s on-chain market and the capital that tokenized products could eventually compete for.

LEE’S VIEW OF THE ADDRESSABLE CAPITAL POOL

TRADITIONAL LIQUID CAPITAL

~$200T

Equities: ~$150T
Fixed income: ~$250T

$3-$4T
ON-CHAIN TODAY

↑

+$7T

per year in new
liquid capital

Figures reflect Lee’s framing in the interview. The $200 trillion figure is not a precise sum of the equities and fixed-income pools he cited separately.

For Ethereum, the relevant question is whether that capital comes on-chain in a form that requires public settlement infrastructure. A tokenized fund can exist without generating much lasting ETH demand; repeated issuance, transfers, redemptions, collateral use and settlement create the stronger connection.

This cycle has a different group of buyers Lee compares the present setup with earlier crypto booms that were driven largely by retail participation. ICOs pushed the 2016-17 market, while NFTs and consumer crypto shaped the 2019-21 run. His present thesis rests on asset managers and financial firms building products for a different group of clients.

Period Dominant theme Buyer base in Lee’s comparison 2016-17 ICO fundraising Mainly retail participation around new token issuance. 2019-21 NFTs and consumer crypto Another retail-led market built around a new digital-ownership use case. Current cycle Tokenization and regulated products Institutions, issuers and asset managers seeking new ways to package assets. Institutional demand may eventually bring larger pools of capital, although it carries a higher operational bar. Custody, compliance, transfer restrictions, redemption rights and legal ownership need to work in practice before tokenized assets can move beyond limited rollouts.

Lee places AI early in its investment cycle Lee’s Ethereum case also sits inside a broader view of AI. He compares the current stage of AI development with the internet and mobile buildout of the 1990s, arguing that ChatGPT’s 2023 launch places the sector closer to the middle of a long adoption curve than to its final stage.

That comparison does not establish a timetable for AI, crypto or ETH. It explains why Lee expects software agents and robots to create more digital financial activity over time, including a need for programmable payments and wallets.

S-CURVE OVERLAY: INTERNET (1994→) vs AI (2023→)

1994
public internet

1997

2000
Cisco peak

2023
ChatGPT

“Today = 1997”
in Lee’s analogy

~2033
projected peak

Internet & mobile reference

AI cycle in Lee’s comparison

Schematic reconstruction of Lee’s verbal comparison. The curve shapes illustrate the analogy and are not fitted market data.

Ethereum still needs to capture the value of that activity Ethereum already has a large role in stablecoins and decentralized finance, which gives Lee’s thesis a visible base. He also sees its developer community and history of uninterrupted operation as reasons institutions may favour it for products that need neutrality and broad access.

The investment case turns on value capture. A larger tokenized-asset market helps ETH when the assets create demand for Ethereum settlement, ETH collateral, staking or blockspace. Issuing a token on a blockchain alone says little about how much economic value reaches the native asset.

That separation also helps readers distinguish a long-term adoption story from short-term market moves. Ethereum’s recent eight-month open-interest high and the rise in Bitfinex shorts showed how derivatives positioning can affect price while the network’s underlying adoption case remains unchanged.

BitMine puts Lee’s thesis on a corporate balance sheet Lee is also chairman of BitMine, an Ethereum treasury company that has accumulated one of the largest disclosed ETH positions. Its October 5 update reported about 6.02 million ETH, bringing the company close to its stated target of owning 5% of the supply.

A large treasury buyer can reduce the amount of ETH readily available for sale, especially where holdings are staked. The market-wide case remains separate: tokenization needs to produce sustained demand that continues after an individual treasury company reaches its own allocation target.

Lee’s warning for incumbent financial firms Lee argues that banks face a strategic choice as tokenized products spread. He compared the challenge with companies that dominated an earlier technology model but failed to make the next transition.

1980 · MAINFRAMES → PC

NCR

Dominated computing. Did not pivot to personal computers.

Giant that missed the shift.

TELECOM · LONG-DISTANCE → MOBILE

MCI

A major long-distance provider that failed to make the mobile transition.

Disappeared.

TODAY · TRADFI → ON-CHAIN

Large FIs

Lee says firms without a crypto rail or strategy risk the same fate.

“The NCRs and MCIs of this era.”

The comparison is a warning, not proof that every financial service will move on-chain. It does show where Lee places the commercial opportunity: tokenization could affect more than asset issuance by changing custody, settlement, collateral and the way financial products are distributed.

His long-term view extends beyond trading Lee expects software agents and robots to generate a larger volume of financial activity, which could increase the importance of digital payments, collateral and settlement. His view is that financial services already represent a large share of economic activity and could become more central as machine-driven activity expands.

ECONOMY SHARE — LEE’S FRAMING

TODAY

~50%
financial

rest of economy

→

+ AGENTS & ROBOTS

largerfinancial share

rest of economy

Directional illustration of Lee’s view. The proportions are schematic, not an economic forecast.

The evidence matters more than the number Lee’s $50,000 scenario assumes that Ethereum becomes a key part of financial infrastructure and retains enough of the resulting activity to strengthen demand for ETH. The claim will become easier to judge through recurring tokenized-asset use, settlement volumes, staking demand and the network’s share of institutional activity.

The target remains Lee’s view of where those developments could lead. The stronger story lies in the milestones that appear before any price goal is reached.

This article is for informational purposes only and does not constitute investment advice. Tom Lee’s price targets and market views are his own and do not guarantee future performance.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

Renowned crypto investment firm Fidelity has continued to expand its crypto portfolio, adding more Bitcoin amid growing demand for its ETF product.

Apart from its Bitcoin fund, the firm also issues both Ethereum and Solana ETFs, and it has recorded modest purchases for both over the same period.

Fidelity buys $354 million of Bitcoin Latest onchain data from Arkham Intelligence shows that Fidelity has purchased a total of $438.9 million worth of Bitcoin, Ethereum, and Solana through its ETF products over the past 20 trading days.

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While this signals continued buying activity across the three major crypto assets, it shows that the firm has seen sustained demand for nearly all its crypto ETF offerings, especially Bitcoin.

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Nonetheless, the data shows that the firm saw more demand for its Bitcoin product, as the Fidelity spot Bitcoin ETF recorded the largest purchases.

As such, FBTC has accumulated up to $354.1 million worth of BTC over the stated period. Meanwhile, it acquired only lesser amounts of ETH and SOL.

More specifically, Fidelity has bought $66.6 million worth of Ethereum and another $18.2 million worth of Solana over the same period. 

Bitcoin loses momentum While the massive Bitcoin purchase from Fidelity signals sustained institutional demand for the leading crypto asset over the past week, Bitcoin has suddenly witnessed a sharp price reversal.

Retracing from a high of around $87,000 back to its multi-week low of around $81,000, Bitcoin appears to be facing increased sell-off pressure from traders, especially retail traders.

With momentum on the leading asset currently down, it remains uncertain whether Fidelity and other major Bitcoin funds will be able to sustain their Bitcoin buying spree for much longer.

Analysis: AI leading stocks pushed the S&P 500 index up 117% during the bull market, with mounting market concentration risk.

Market analysis notes that since October 2022, the S&P 500 index has risen 117% cumulatively, driving the total market capitalization of U.S. stocks to increase by nearly $40 trillion, with the rally mainly fueled by AI-related stocks. Meanwhile, the S&P 500 Equal Weight Index has underperformed its market-cap weighted counterpart by 52 percentage points, hitting the widest gap in history—underscoring this bull market’s reliance on a small number of large tech stocks. Nvidia’s share price has surged more than 1900% cumulatively over the same period, while U.S. Treasury yields have recently risen to 5.34%, further stoking market concerns about valuation pressures. Investors are closely monitoring whether corporate earnings growth can sustain this bull market.

6 minutes ago

Injective Releases INJ and Proposed ETF Operational Guidelines, Detailing Token Economic Model and On-Chain Financial Applications

Injective has published a post explaining the relationship between its blockchain network, native token INJ, and the proposed Canary Staked INJ ETF (ticker: INJC). The blockchain serves as a transaction settlement infrastructure for financial applications, while INJ is used to pay network fees, stake to maintain network security, and participate in governance. If approved, INJC will offer investors exposure to INJ price movements and staking yields via traditional securities accounts. On the token economic front, Injective distributes staking rewards through protocol issuance and reduces circulating supply via token burns. Its Community BuyBack mechanism ties ecosystem revenue to INJ burns: participants receive a proportional share of an ecosystem asset basket based on the percentage of INJ they commit, while their committed INJ is burned. Regarding the ETF, Canary Capital has filed a related application with the U.S. SEC, naming BitGo Bank & Trust as the proposed custodian for INJ. Per the application documents, the fund plans to stake at least 90% of its INJ under normal conditions, with staking rewards typically reinvested. The product remains a proposal and is pending regulatory approval.

6 minutes ago

Iran's Revolutionary Guard: Will henceforth punish vessels violating rules outside the Strait of Hormuz.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it attacked a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz several hours ago. The group later released a statement noting that effective immediately, any vessel committing violations outside the Strait of Hormuz will also face "punishment". The statement did not elaborate further on the specific scope of the violations or the details of the punishment measures.

6 minutes ago

Circle Issues Additional 250 Million USDC on Solana Network

According to Whale Alert monitoring, a Circle address minted 250 million USDC on the Solana blockchain five minutes ago, valued at approximately $250 million.

6 minutes ago

An iPhone version of Doubao mobile assistant has emerged? Developer demonstrates controlling an iPhone using Opus 5.5

Beating AI Express: Developer Finn Voorhees has demonstrated an AI agent capable of directly operating an iPhone. He only sent one prompt asking the agent to find the cheapest Ryanair flight to London for the next day. The agent then opened Ryanair on its own, input the destination, selected the date, checked fares, and finally returned to the chat interface to report the result—no computer was involved throughout the process. This agent runs in PiChat, an iPhone chat app developed by Voorhees. It leverages his previously open-sourced PiDurableKit at its core, running the Pi Agent on the iPhone via Apple’s JavaScriptCore to handle model calls, tool execution, and task management. The video uses Claude Opus 5.5, with model inference still running in the cloud. To enable the agent to continue working after switching to other apps, PiChat also uses Apple’s background task mechanism and saves execution progress via SQLite for easy resumption after interruptions. The most critical cross-app control code has not been made public. When activating iPhone Control in the video, the system required entering the lock screen password to enable XCTest UI automation. XCTest is Apple’s UI testing framework that can simulate taps, swipes, and text input. The open-source project TouchSynthesis leverages XCTest’s private interfaces to let iPhones generate touch events on their own, eliminating the need for real-time computer control. However, Voorhees has not confirmed whether he used this approach.

6 minutes ago

SK Hynix Chairman: Chip Demand Far Exceeds Expectations, New Gwangju Campus to Commence Construction as Soon as Possible

SK Group Chairman Choi Tae-won said today that chip demand is expected to continue growing rapidly, so SK Hynix will accelerate the construction of its semiconductor campus in Gwangju, South Korea as much as possible, and plans to release a specific timeline soon. Choi noted that SK Hynix has brought forward the completion target of its Yongin semiconductor campus from 2045 to 2033, but future production capacity may still fall short of demand, and the company does not rule out advancing the construction of both the Yongin and Gwangju campuses simultaneously. The planned scale of the Gwangju campus is about two-thirds that of the Yongin campus, and it may be expanded later. Currently, the specific start date of the Gwangju project has not been finalized, and construction progress still requires coordination with the government for supporting infrastructure such as water and electricity. Choi added that even if some supporting facilities are not yet in place, the company may proceed with piling works first, but will not slash construction costs to rush the project.

6 minutes ago

Bitcoin price hovered at $83,000 on Friday as cryptocurrencies recovered from Thursday’s selloff following a week of losses. Ethereum price rose to over $2,500, and XRP recovered to $1.40 as the larger market began to stabilize. 

The recovery was accompanied by President Donald Trump telling off other American attacks on Iran before the November 3 midterm elections.

The Fear and Greed Index stood at 59 in the Greed territory on Friday, compared to 64 the previous day.

CMC data

Trump Eases Iran Fears Ahead of US Midterm Elections Trump announced on Thursday that Washington would not be attacked again before the vote, as reported by the Associated Press. He also reported making progress with Tehran, indicating that diplomacy still went on despite previous failures.

His words provided a better roadmap following weeks of warnings of the possibility of military escalation after the elections. Trump has already suggested that a solution might appear soon before or after Americans vote. Seven months on, the war is still going on way beyond Trump initial predictions of military operations taking several weeks.

His announcement was a temporary halt, with the future of a permanent agreement still uncertain. The pledge did not indicate which military decisions would be made by Washington after the November elections.

This was met with apprehension during negotiations that Trump turned down an Iranian proposal on the Strait of Hormuz late last month. The strategy by Tehran would have opened the shipping route within seven days had Washington accepted some conditions.

President Trump said Thursday the U.S. will not attack Iran ahead of the Nov. 3 midterm elections.

If you are at war, what is the rationale for publicly revealing your strategy?https://t.co/ECM4ZkxShM

— Jeffrey Guterman (@JeffreyGuterman) October 9, 2026

The US has issued a counterproposal to Iran in form of diplomatic exchanges, which continued last week with Iran saying it has counterproposed. Thursday saw the Foreign Minister Abbas Araghchi tell that Tehran anticipates giving its official answer within days.

In the meantime, American military movements had not been halted, as provided by Trump in his social media post. The USS Theodore Roosevelt and other supporting ships, according to the officials of the U.S., would arrive in the area at the end of October.

Can Bitcoin Price Hold $82,000 and Extend Its Recent Rebound? The BTC price stands at $83,103 after recovering from below $82,000.

The Chaikin Money Flow indicator has a value of 0.14 after crossing the zero-line indicating a fresh accumulation in the recent recovery. 

The MACD line is at -657.44, which is higher than its -689.24 signal line and the histogram has gone positive at 31.80. The crossover indicates a downward pressure but the MACD is below zero and the broader trend is under strain. 

BTC/USDT 4-hour chart: TradingView The recovery will be reinforced with a four-hour close above $84,000 and put the next marked resistance of $86,000 in the spotlight for the Bitcoin long-term prediction. 

Nonetheless, further rejection around 84,000 might expose Bitcoin to another test of faith at about 82,000. A four-hour close below 82,000 would undermine the recovery and the psychological 80,000 zone would become a potential point of downside.

Bitcoin ETF Outflows Reach $244M With Only Franklin Drawing Inflows On October 8, the U.S. spot Bitcoin ETF market registered net outflows amounting to $244 million, as per sosovalue data. The Bitcoin ETF EZBC by Franklin was the only fund that registered a net inflow.

Bitcoin Spot ETFs See $244 Million in Net Outflows on October 8

On October 8 (ET), U.S. spot Bitcoin ETFs recorded total net outflows of $244 million, with only the Franklin Bitcoin ETF (EZBC) reporting a net inflow. Spot Ethereum ETFs saw total net outflows of $72.544 million, marking their eighth consecutive day of net outflows.

— Wu Blockchain (@WuBlockchain) October 9, 2026

There were also net outflows in Spot Ethereum ETFs, and the withdrawals in the form of ETFs were more than deposits in the form of ETFs, at 72.544 million. The numbers were the eighth day of net outflows of Ethereum.

8h35 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

Bitcoin dropped to about 80400 dollars on Thursday evening, triggering a cascade of liquidations across the entire crypto market. Nearly 1.19 billion dollars of positions were closed within 24 hours, before a BTC rebound above 82000 dollars.

In Brief Bitcoin falls to 80400 dollars triggering nearly 1.19 billion dollars of crypto liquidations in 24 hours. Long positions account for over one billion dollars of forced losses. ETH records 356 million dollars of liquidations, compared to 298 million for Bitcoin. Tensions with Iran, US rates, and ETF outflows increase market nervousness. Bitcoin rebounds above 82000 dollars, but 83000 and 80000 dollar thresholds remain critical. Crypto Liquidations Hit Buyers Most The drop surprised a market heavily exposed to the upside. Traders had accumulated leveraged positions while bitcoin oscillated between 83000 and 87000 dollars. Breaking this zone triggered automatic chain closures.

A liquidation occurs when a trader’s losses consume the collateral deposited to maintain their position. The platform then closes the bet, often by selling the asset in an already bearish market, which temporarily intensifies the drop.

Data over 24 hours show the scale of the movement :

About 1.19 billion dollars of crypto positions were liquidated ; More than one billion came from long positions betting on an increase ; Ether accounted for nearly 356 million dollars of liquidations ; Bitcoin followed with about 298 million dollars ; Solana represented 71 million dollars, compared to 34 million for XRP ; The largest liquidated position reached nearly 20 million dollars on Hyperliquid. An initial estimate counted 1.02 billion dollars and 164899 traders affected. The total later increased as platforms updated their data. So the billion does not concern only bitcoin, but all followed crypto derivatives.

Ether Suffers Disproportionate Purge Liquidations on Ether exceeded those of bitcoin, although its market cap represents less than a fifth of BTC’s. Relative to the size of each asset, the purge hit ETH positions about six times harder.

Ether recorded nearly 1.2 million dollars of liquidations per billion dollars of capitalization. Bitcoin’s ratio was around 180000 dollars. This difference reveals particularly high leverage on ETH-related products.

Ether’s price fell to about 2410 dollars before rising toward 2490 dollars. Bitcoin hit 80400 dollars then recovered above 82400 dollars. XRP rebounded from 1.32 to about 1.40 dollars, while Dogecoin remains near 0.085 dollar.

These recoveries do not immediately offset the losses of liquidated traders. A forced closure is final, even if the market regains its previous level a few hours later.

Rates, Iran, and ETF Outflows Weigh on Market The break occurred in an already unfavorable macroeconomic environment. Brent crude exceeded 104 dollars a barrel, while the yield on US ten-year bonds approached 5.3%.

Rising oil feeds inflation concerns. The Federal Reserve minutes also showed that most officials still considered another rate hike before year-end. High yields generally reduce the appeal of risky assets.

Tensions with Iran increased market nervousness. Reports mentioned military options prepared by the Pentagon, without deciding a new US strike. Bitcoin then rebounded when Donald Trump ruled out intervention before midterm elections.

The ETFs added extra pressure. US spot bitcoin funds recorded 487.07 million dollars of net outflows on Wednesday. Ether ETFs lost about 160.8 million dollars. These withdrawals do not prove they triggered the drop, but signal weaker institutional demand during the session.

Bitcoin rebound liquidates sellers in turn Bitcoin’s return toward 82200 dollars quickly trapped short positions opened after the drop. About 25 million dollars were liquidated in four hours, 78% of which came from traders betting on a continued decline.

This reaction illustrates volatility created by an overleveraged market. Long positions first amplified the drop, then short positions fueled the rebound when they were automatically closed.

Trader Scott Melker considers falling below 82800 dollars as a “potentially healthy retest” that does not necessarily invalidate medium-term structural improvement. However, he identifies the 50-week moving average, around 77000 dollars, as a possible next support.

83000 dollars now constitutes the first resistance to reclaim. Staying above this level would reduce the risk of a new cascade. Conversely, a sustained loss of 80000 dollars could bring the market back toward 77000 dollars, without guaranteeing that this level will actually be reached.

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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.

Bitwise CEO Calls Dogecoin ETF Failure 'Tragic' as BWOW Set to Shut Down After Less Than a Year

MAJURO, Marshall Islands, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Remittix has opened its PayFi platform to 1,000 invited RTX holders, marking a major product milestone ahead of the project’s scheduled November 24, 2026 token launch.

Invited users can test EUR and USD payment routes while Remittix prepares additional currencies, assets and networks. The rollout moves the project into real-user validation ahead of wider availability.

The milestone arrives as Bitcoin price prediction models stretch toward $175,000 and Dogecoin bulls revive the $1 target. Those forecasts demonstrate the scale of the market’s ambitions, while Remittix offers an earlier entry into the payment sector through a platform approaching its first public-market cycle.

Remittix Takes Crypto-to-Bank Payments Into Testing

Remittix is designed to simplify one of crypto’s most persistent problems: moving value from digital assets into ordinary financial life. Its PayFi model allows a sender to fund an eligible transfer with crypto while the recipient receives fiat through a compatible bank account.

The first 1,000 invited holders can test crypto-to-fiat and fiat-to-crypto functions using EUR and USD. Supported assets include USDT and USDC across Ethereum, Celo, Base and Polygon, with broader currency and network coverage planned.

This structure is intended for freelancers, overseas suppliers, family remittances and crypto withdrawals. Instead of requiring recipients to navigate wallets and exchanges, Remittix aims to make settlement feel familiar.

One Platform Connects Payments, Trading and Earning

The Remittix ecosystem extends beyond PayFi. Its iOS wallet has surpassed 10,000 downloads, while an Android release is awaiting approval. A planned wallet rebuild will bring the project’s expanding product suite into a more unified experience.

Its trading platform, Remittix Markets, is already widely used by traders, offers hundreds of perpetual pairs and has processed more than $50 million in volume. Remittix Earn is also approaching release, with advertised yields of up to 22% APY on eligible holdings.

Connecting payments, storage, trading and earning could create several sources of recurring RTX activity. A payment customer could also become a wallet user, trader or Earn participant.

Bitcoin Price Prediction and Dogecoin Outlook Turn Ambitious

Bitcoin recently traded in the low-$80,000 range after gaining more than 30% over the preceding three months. A $175,000 Bitcoin price prediction would represent more than a doubling from that region, supported by an aggressive institutional-adoption case involving ETFs, corporate treasuries and Bitcoin’s fixed supply.

Dogecoin has recently traded near $0.09. Reaching $1 would require an increase of more than tenfold, placing the target inside a powerful retail-led bull scenario. Recent Dogecoin ETF inflows and a break above a long-term descending trendline have helped keep the $1 discussion active.

Both targets require enormous new capital. Remittix starts from a much earlier stage, with a utility product entering testing before RTX reaches public exchanges.

RTX Enters Its Final Pre-Launch Window

Remittix has raised more than $32 million from over 40,000 participants toward its $36 million hard cap. RTX is currently available at $0.23, while $0.46 is the announced final presale price and planned minimum exchange launch price.

With testing active and the November 24 date confirmed, the remaining presale period is the last opportunity to access RTX before open-market trading begins. PayFi, Markets, the wallet and Earn give Remittix multiple growth engines capable of turning one token launch into a much broader crypto-finance story.

About Remittix

Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international 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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Remittix

Remittix Source: Remittix

A New Independent Identity CompanyThe Cardano Foundation has spun out Veridian, its digital identity project, as an independent Swiss company.

First Equity on Cardano's New CIP-0113 Standard

Separately, the Cardano Foundation and the Swiss Capital Markets and Technology Association (CMTA) announced that CIP-0113 has been recognized as equivalent to the CMTAT smart contract for the purposes of the CMTA certification scheme.

Sources:
Crypto Briefing: Cardano Foundation Spins Out Veridian as Independent Digital Identity Company
DeFi Prime: Cardano Foundation Spins Out Veridian With Tokenized Shares

Charles Hoskinson challenges Vitalik Buterin’s warning that AI could weaken lattice cryptography, disputing calls for dramatically larger parameters.

Cardano founder Charles Hoskinson has pushed back sharply against Ethereum co-founder Vitalik Buterin’s warning that rapid advances in AI-driven mathematics could weaken lattice-based cryptography, arguing that the concern is not backed by a concrete attack against today’s leading lattice schemes.

Vitalik is now trying to convince everyone that lattices are bad because he is bag-holding too much hash-based crypto research can't back out. The case against lattices is the GNFS story, a.k.a. a hunch about "structure," and a multiplier pulled out of thin air. None of it has… https://t.co/ryeeCwlENo

— Charles Hoskinson (@IOHK_Charles) October 9, 2026

The dispute centers on how blockchains should prepare for a world where AI dramatically accelerates mathematical research.

Buterin said users do not need to rush into new wallets today, but argued that crypto developers should take seriously the possibility that AI could uncover new shortcuts against both elliptic-curve and lattice-based cryptography. His concern extends to schemes such as ML-DSA and other lattice constructions currently viewed as post-quantum options.

Buterin Says AI Could Change Cryptographic Assumptions Buterin’s argument is based on what happened historically with integer factorization.

I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography.…

— vitalik.eth (@VitalikButerin) October 7, 2026

Early estimates treated factoring large numbers as vastly more difficult than later algorithms such as the General Number Field Sieve ultimately made it.

He suggested AI could discover comparable mathematical advances against elliptic curves or lattice problems much faster than human researchers have.

In his personal view, developers relying on lattices should use much more conservative parameters, even floating the idea of multiplying key sizes by 10 for very long-term protection.

That thinking also helps explain Ethereum’s growing interest in hash-based signatures. Ethereum’s Lean Consensus work is developing hash-based schemes such as leanXMSS, while its broader post-quantum roadmap targets major infrastructure milestones around 2029.

Buterin also cautioned against unnecessary wallet migrations, noting that operational mistakes can themselves result in lost funds.

Hoskinson Calls the 10x Proposal “Numerology” Hoskinson challenged the premise behind that warning.

He argued that lattice cryptography has already gone through decades of attack improvements involving LLL, BKZ, enumeration and increasingly efficient sieving techniques.

In his view, modern parameter sets already account for that history rather than assuming lattice problems have never faced serious cryptanalysis.

His strongest criticism targeted the proposed 10x increase in key sizes. Hoskinson called the figure essentially “numerology,” arguing that parameter changes should follow a defined attack model and security calculation rather than a general fear that AI may discover something new.

He also disputed Buterin’s use of the factoring analogy, saying an unknown future attack on lattices would need an identifiable mathematical mechanism rather than simply an appeal to hidden “structure.”

NIST Currently Backs Both Lattice and Hash-Based Approaches The wider standards landscape is more mixed than a lattice-versus-hash choice.

NIST finalized ML-KEM, a module-lattice key-encapsulation standard, and ML-DSA, a module-lattice digital-signature standard, in August 2024.

It also standardized SLH-DSA, a hash-based signature scheme derived from SPHINCS+, specifically providing diversity if another family encounters problems.

NIST still describes ML-KEM and ML-DSA as believed secure against adversaries with large-scale quantum computers.

That does not prove they are immune to unknown AI-assisted mathematical breakthroughs, but no such break has been demonstrated in the debate between Buterin and Hoskinson.

Hoskinson also pointed out that hash functions are not automatically structure-free in practice. Ethereum itself funds cryptanalysis of Poseidon and Poseidon2, including Gröbner-basis and other algebraic attacks, showing that hash constructions also undergo active scrutiny.

Cardano Is Also Working on Post-Quantum Security The disagreement is particularly relevant for Cardano because its 2026 research roadmap includes a dedicated post-quantum workstream covering future cryptographic migration and quantum-secure alternatives.

Cardano research has also explored lattice-based approaches for future zero-knowledge systems.

The two founders therefore agree on one broad point: current cryptography should not be treated as permanently safe.

Where they differ is the response. Buterin favors reducing reliance on structured cryptography wherever hash-based alternatives are practical, while Hoskinson argues that existing lattice systems should not be downgraded without a named attack, measurable cost, and evidence that current parameters are inadequate.

Analyst Giannis Andreou outlines a potential path for Cardano (ADA) to reach $0.90, with four major resistance zones standing between its current price and the target.

In a post on X, he shared a weekly chart that shows ADA recovering from a prolonged decline and attempting to establish a price base around $0.15- $0.19. At the reference price of $0.2555, ADA needs to climb approximately 252% to reach $0.90.

Meanwhile, the rally faces several key hurdles, and ADA must break through each resistance zone to sustain its upward momentum.

ADA Must Break Above $0.30 – $0.35 First Specifically, Cardano (ADA) has immediate support between $0.22 and $0.25. Holding above this range would strengthen the recovery outlook, while a drop below $0.22 would weaken the bullish structure.

The first major resistance lies between $0.30 and $0.35. Analyst Giannis Andreou identifies this range as the “first gate” ADA must clear to strengthen its bullish momentum.

A weekly close above this range, followed by a successful retest, would signal growing buyer control. Accordingly, the next price level to watch is approximately $0.364.

Three More Resistance Levels Stand Between ADA and $0.90 After breaking above the $0.3 to $0.35 range, Cardano (ADA) also faces three additional resistance zones on its path toward $0.90.

$0.40–$0.45: The next major hurdle in ADA’s recovery, where breaking through this range would strengthen the upward trend. $0.55–$0.65: A critical resistance zone where ADA would challenge its long-term downward trend. $0.75–$0.80: The final major resistance zone before the $0.90 target comes into focus. ADA’s recovery is unlikely to follow a straight line. Pullbacks remain part of the market structure, and the price must break through each resistance zone and hold above it to sustain its advance.

Cardano (ADA) price chart by Giannis Andreou Can Cardano Maintain Its Recovery? Analyst Giannis Andreou compares ADA’s current recovery attempt with previous rallies of approximately 233%, 371%, and 88%. These historical gains provide context for ADA’s price movements, but they do not establish the size of its next rally.

For now, ADA needs to maintain support between $0.22 and $0.25. A breakout above $0.35 would mark the first major sign of strength and establish the next stage of the recovery.

Beyond that level, ADA must overcome resistance at 0.40–0.45, 0.55–0.65, and 0.75–0.80 before approaching $0.90.

Ultimately, $0.90 remains a price target rather than a confirmed outcome. ADA’s ability to build a stronger price base, defend key support, and break through all four resistance zones will determine whether the rally reaches that level.

Cardano founder Charles Hoskinson has challenged Ethereum co-founder Vitalik Buterin over his warning that advances in artificial intelligence could weaken quantum-resistant cryptography, arguing that existing security standards already account for decades of mathematical attacks.

Summary

Cardano founder Charles Hoskinson rejected Vitalik Buterin’s warning about AI threatening quantum resistant cryptographic systems. Vitalik warned that artificial intelligence could discover mathematical weaknesses in currently trusted lattice based cryptography. Hoskinson defended ML-KEM and ML-DSA, citing decades of mathematical research and established security testing against attacks. Ethereum’s proposed security roadmap favors hash based signatures as developers prepare for possible future attacks. NIST standardized lattice based encryption and digital signatures in 2024 following years of security evaluation. Hoskinson responded on October 9 to Buterin’s concerns about lattice-based cryptography, which is used in several modern security systems. He argued that the Ethereum founder had not identified a credible new attack that would justify abandoning those methods or substantially increasing cryptographic key sizes. The disagreement follows Buterin’s warning that AI could uncover mathematical shortcuts that researchers have not discovered through conventional methods.

Vitalik is now trying to convince everyone that lattices are bad because he is bag-holding too much hash-based crypto research can't back out. The case against lattices is the GNFS story, a.k.a. a hunch about "structure," and a multiplier pulled out of thin air. None of it has… https://t.co/ryeeCwlENo

— Charles Hoskinson (@IOHK_Charles) October 9, 2026 Cardano founder challenges Vitalik’s AI security warning The dispute began after Buterin warned that rapid advances in AI-assisted mathematics could challenge assumptions behind cryptographic systems currently considered secure.

He identified lattice-based cryptography as a particular concern, arguing that increasingly capable AI systems might discover more efficient ways to solve mathematical problems used to protect digital information.

In his view, advances in automated mathematical research could compress decades of discoveries into a much shorter period. Such progress could force developers to reconsider the security of existing algorithms.

Buterin compared the possible development to advances in integer factorization, where researchers discovered methods that made certain calculations much easier than earlier estimates suggested.

The Ethereum co-founder argued that lattice-based security could experience a similar breakthrough, making some current parameter choices insufficient.

Hoskinson rejected the comparison, arguing that the history of integer factorization does not provide evidence of an equivalent weakness in lattice systems.

“The factoring analogy is wrong,” Hoskinson wrote, explaining that the improvements in integer factorization depended on specific mathematical techniques that have not been demonstrated against the lattice problems used in modern cryptography.

The Cardano founder pointed to research dating back to the introduction of the Lenstra–Lenstra–Lovász lattice reduction algorithm in 1982. He cited subsequent improvements in lattice sieving and other attack methods as examples of decades of testing.

According to Hoskinson, the security parameters used by modern lattice-based algorithms already account for known advances in those techniques.

His response followed concerns about AI-assisted attacks on cryptocurrency wallets raised by Ethereum Foundation researcher Justin Drake on October 7.

Drake warned that powerful AI systems might eventually discover attacks against the elliptic-curve cryptography used to authorize blockchain transactions. Buterin supported taking those possibilities seriously but discouraged users from rushing to move their funds into new wallets.

Hoskinson defends lattice cryptography used in security standards A central part of Hoskinson’s argument concerns ML-KEM and ML-DSA, two cryptographic systems standardized by the U.S. National Institute of Standards and Technology (NIST).

ML-KEM allows parties to establish shared cryptographic secrets, while ML-DSA provides digital signatures used to authenticate information and verify authorization.

NIST approved both systems in August 2024 under FIPS 203 and FIPS 204, following years of research and public evaluation. The agency separately standardized SLH-DSA, a hash-based digital signature system, under FIPS 205.

Hoskinson argued that ML-KEM and ML-DSA were selected after researchers examined different methods of attacking lattice-based mathematical problems.

He maintained that the existence of mathematical structure does not automatically make an algorithm unsafe, particularly when security parameters are chosen using established attack-cost calculations.

Buterin had suggested that future AI advances could justify increasing the size of lattice-based keys substantially, potentially by a factor of ten.

Hoskinson rejected that proposal, describing it as “numerology” because the suggested increase was not supported by a specific algorithm or calculation.

According to the Cardano founder, choosing larger keys without identifying a corresponding attack does not provide a reliable method for measuring security.

He argued that researchers should first establish the computational cost of a new attack before determining whether existing cryptographic parameters require changes.

NIST currently describes ML-KEM and ML-DSA as algorithms believed to resist attacks from sufficiently powerful quantum computers. The standards do not establish that the systems are immune to every possible mathematical discovery.

Ethereum’s hash-based security plan faces criticism Buterin’s concerns are connected to Ethereum’s work on cryptographic systems designed to resist future quantum computing attacks.

The network’s Lean Ethereum research increasingly favors hash-based signatures, including WOTS and SPHINCS-based constructions, for applications where developers can use them.

Buterin has argued that hash-based approaches may offer stronger long-term security because they do not rely on the same mathematical assumptions as lattice-based systems.

However, Hoskinson challenged the suggestion that hash functions are automatically safer because they are intended to have less exploitable structure.

He pointed to historical weaknesses in MD5 and SHA-1, two hash algorithms that researchers successfully attacked through weaknesses in their internal designs.

Hoskinson said even SHA-256 does not have a mathematical proof establishing immunity from all possible attacks.

“Its security is that nobody has broken it yet,” he wrote, arguing that the same standard of scrutiny should apply across cryptographic families.

He questioned Ethereum’s previous research into Poseidon and Poseidon2, hash functions designed for efficient use in certain blockchain proof systems.

Ethereum researchers have already moved away from Poseidon in their layer-1 roadmap, favoring established alternatives such as SHA-2 and BLAKE2s.

In August, Ethereum Foundation researcher Justin Drake explained that improvements in binary-field proof systems had made conventional hashes more practical for future network designs.

Hoskinson argued that hash-based signatures remain useful where their limitations are acceptable, but they cannot replace every function performed by public-key cryptography.

The disagreement extends to encryption systems used in secure messaging, websites and other applications that must establish protected communications between parties.

AI cryptography debate reaches blockchain wallet security The exchange between the two founders comes as blockchain developers consider how to protect digital assets against future advances in AI and quantum computing.

Buterin has advised users to consider keeping cryptocurrency in addresses whose public keys have not been exposed through outgoing transactions, provided they can do so safely.

He emphasized that the recommendation does not justify hurried wallet migrations, which can create their own security risks.

The Ethereum founder has supported plans to make Ethereum resistant to quantum attacks, including changes to transaction signatures, consensus mechanisms and zero-knowledge proof systems.

Hoskinson maintains that research into lattice-based methods should continue alongside work on hash-based alternatives.

The debate has reached companies developing institutional custody systems. In May, BitGo tested quantum-resistant wallet signing using ML-DSA technology developed with Silence Laboratories.

The demonstration examined whether post-quantum signatures could operate within existing institutional wallet procedures. It was a controlled test, not evidence that current wallet cryptography had been broken.

Other blockchain networks are working on similar protections. Sui’s post-quantum security roadmap includes both lattice-based and hash-based signature options for future account authentication.

Hoskinson’s October 9 response did not announce a new Cardano cryptographic upgrade or a deployment schedule. He called for any newly discovered attack to undergo testing, cost analysis and review before developers revise security parameters or abandon established algorithms.

The Cardano Foundation has partnered with the University of Nicosia (UNIC) to support the university’s free Massive Open Online Course (MOOC) on Blockchain and Digital Assets for the Fall 2026 semester.

The foundation will cover tuition for some students and supply guest lecturers.

Enrollment opened on September 24, 2026, the same day the partnership was announced. Classes start on September 28.

What the Cardano Foundation is bringing to class The Cardano Foundation is sponsoring 25 student slots in the course’s paid Advanced Track, each valued at €199.

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The course is split into two tiers. The Introductory Track runs from Weeks 1 through 8 and costs nothing. The Advanced Track covers Weeks 9 through 12 and carries the €199 fee.

Advanced Track participants get a few perks on completion. These include a Trezor Model T hardware wallet and a blockchain-verifiable certificate issued by UNIC.

Guest speakers and the curriculum Technical writer John Greene and Patrick Tobler of Masumi Network are slated to appear as guest speakers. Their sessions are scheduled for Week 3 and Week 12. The topics are programmable blockchains and the convergence of artificial intelligence and blockchain technology.

Week 3 lands squarely in the free Introductory Track. That means every enrolled student, paid or not, gets exposure to Cardano’s perspective early in the semester.

A course with a long track record UNIC launched this MOOC in 2014. Since then, the course has reached more than 150,000 students from over 120 countries. It is described as the world’s longest-running university blockchain course.

The Cardano Foundation runs its own educational effort as well. Its Cardano Academy offers material on blockchain fundamentals, staking, and smart contracts.

What this means for Cardano and blockchain education The research behind this partnership frames it as part of a broader pattern. Blockchain projects are increasingly working alongside educational institutions rather than relying solely on their own channels.

There are caveats worth watching. When a single ecosystem sponsors seats and speakers, students should expect its perspective to get airtime. The value of the course will depend on whether it stays balanced across networks and approaches.

The immediate impact is concrete and modest. Twenty-five learners get a free pass to the Advanced Track, everyone enrolled gets two Cardano-affiliated guest sessions, and the course rolls into another semester starting September 28.

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

Cantor Fitzgerald has come under fresh scrutiny from U.S. Senator Richard Blumenthal, who is demanding details about the investment bank’s financial ties to Tether, including a reported $10 billion stake and payments received by Commerce Secretary Howard Lutnick.

Summary

Senator Richard Blumenthal has demanded Cantor Fitzgerald disclose Tether partnership records by October 23, 2026. Cantor reportedly holds five percent of Tether, with its stake now estimated at $10 billion. Blumenthal seeks details about Howard Lutnick’s income, ownership transfer, sanctions screening, and independent audit practices. Tether says cooperation with authorities helped freeze approximately $550 million linked to Iran during 2026. Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, sent a letter to Cantor chairman Brandon Lutnick on October 8, requesting records about the firm’s earnings, custody services and monitoring of potential sanctions violations. The senator gave Cantor until October 23 to respond and asked for communications involving Howard Lutnick before and after he joined the Trump administration.

The request follows a September investigation by Democratic subcommittee staff alleging that Tether’s USDT stablecoin has been widely used in Iran’s financial networks. Blumenthal is seeking information about Cantor’s oversight of the stablecoin issuer, although the letter does not establish that either company violated U.S. law.

Cantor Fitzgerald faces questions over $10 billion Tether stake At the center of the inquiry is Cantor Fitzgerald’s financial relationship with Tether, which dates to 2021, when the investment bank began holding U.S. Treasury securities backing the USDT stablecoin.

The partnership later expanded into an ownership arrangement. Cantor acquired rights to a reported 5% stake in Tether in 2024, during Howard Lutnick’s tenure as chairman and CEO.

In his October 8 letter, Blumenthal estimated that the value of Cantor’s interest had climbed from $600 million to approximately $10 billion since President Donald Trump returned to office. The estimate is drawn from external reporting and has not been confirmed through a public company valuation.

Beyond the ownership interest, the senator claimed Cantor earns tens of millions of dollars annually from the assets it holds on Tether’s behalf. He requested records showing the bank’s yearly revenue from the partnership and how much the Lutnick family received during the same period.

Blumenthal wrote that “Cantor Fitzgerald’s lucrative business arrangements with Tether come at the expense of America’s national security.” The statement represents the senator’s allegation, not a finding by a court or enforcement agency.

The letter asks Cantor to disclose its services to Tether, investment positions, custody arrangements and any financial audits involving the stablecoin issuer’s reserves.

Senator seeks details on Howard Lutnick’s Tether earnings Howard Lutnick’s former leadership role at Cantor has become another subject of the inquiry, particularly the arrangements made when he entered the Trump administration.

After the Senate confirmed Lutnick as commerce secretary in February 2025, he left his leadership positions at Cantor. His son Brandon became chairman, while another son, Kyle, assumed the vice chairman role.

Blumenthal claims the commerce secretary received more than $250 million after Trump’s return to office, including a $192 million distribution from Cantor Fitzgerald. The figures relate to Lutnick’s reported income and should not be treated as earnings attributable entirely to Tether.

The senator wants Cantor to explain how Lutnick transferred his ownership interests to his children and whether Tether provided any loans or financing connected to that transaction.

He requested communications involving the commerce secretary, including discussions about Tether’s regulatory compliance, potential fundraising, lobbying and contacts with federal officials.

Records covering Lutnick’s involvement after leaving Cantor are part of the request. Blumenthal specifically asked about communications concerning Tether’s fundraising activities and regulatory matters.

The questions follow earlier scrutiny of Lutnick’s financial relationship with Tether during his confirmation process. In January 2025, Senator Elizabeth Warren questioned whether his business interests could create conflicts while serving as commerce secretary.

Tether faces questions over alleged Iran sanctions evasion The financial inquiry follows a September 28 report from Democratic investigators on the Senate Permanent Subcommittee on Investigations examining cryptocurrency transactions connected to Iran.

Investigators reviewed 846 digital asset wallets sanctioned or otherwise targeted because of suspected links to Iran and related organizations. Their analysis found that 84% had conducted transactions exclusively or almost exclusively using Tether’s USDT stablecoin.

Blumenthal alleged that Tether had failed to freeze certain wallets despite publicly available information connecting them to illicit financing. He subsequently called on the Treasury and Justice departments to investigate possible banking and sanctions violations.

The senator’s October letter extends those questions to Cantor, seeking information about the firm’s anti-money laundering procedures, sanctions monitoring and due diligence on Tether.

He asked whether Cantor requires independent audits of the stablecoin issuer’s assets and whether the bank has ever considered ending the business relationship.

Tether has disputed allegations that it fails to cooperate with authorities. In a September 28 statement, the company said it had helped freeze approximately $550 million in Iran-linked USDT during 2026.

The issuer identified more than $344 million frozen across two addresses in April and over $130 million across four wallets in July. According to Tether, the actions involved addresses identified by U.S. authorities as connected to Iran’s central bank and sanctions networks.

Tether CEO Paolo Ardoino defended the company’s compliance efforts, stating that “USD₮ is not a haven for sanctioned actors, terrorist organizations or criminal networks.”

The company said it had supported more than 2,900 investigations worldwide through cooperation with law enforcement agencies. Its Iran-linked asset freezes were conducted alongside U.S. government efforts targeting sanctioned financial networks.

Cantor Fitzgerald must respond by October 23 Blumenthal has requested that Cantor preserve records and communications concerning its partnership with Tether and submit responses by October 23, 2026.

The document requests generally cover the period from January 1, 2023, through the present, although the senator seeks historical information about when the relationship began.

Beyond the financial records, Cantor must explain its monitoring of sanctions compliance, the steps taken to examine allegations involving Iran and Russia, and its procedures for reviewing business partners operating in foreign jurisdictions.

The senator requested communications between Cantor and members of the President’s Council of Advisors on Digital Assets, alongside records involving Tether’s financial backing and potential fundraising.

According to the letter, the requested records include emails, internal memoranda, meeting notes, electronic messages, financial documents and communications involving relevant subsidiaries and affiliates.

Blumenthal sent the letter in his capacity as the ranking minority member of the subcommittee. The request is part of a congressional inquiry and does not constitute a formal determination that Cantor or Tether breached banking or sanctions laws.

As of October 9, no public response from Cantor Fitzgerald to the October 8 request had been identified. The senator’s letter does not announce a committee hearing or establish a separate deadline for enforcement proceedings.

Tether’s reserve custodian faces Senate questions. What can it see or stop?

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DUBAI, United Arab Emirates, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Pepeto has announced that its presale passed the $11 million mark, and no new crypto has raised more this cycle. Over 40,000 people already hold a position, new buyers join daily, and the stage at $0.0000001895 is selling out faster than the last one. Why does money chase a presale this hard? Because the sharpest investors in this market follow one simple rule: the biggest wins in crypto happen before a token reaches any exchange, while the price is still small, and Pepeto is today's clearest example of that rule.

Why is BNB in this story? Because Pepeto is an exchange token, the same type of coin BNB was when its early buyers became millionaires. So our team spent the week studying the strongest BNB price prediction out there, and what we found is below.

Pepeto Leads 2026's Presales While Our BNB Price Prediction Review Lands on $2,775

Pepeto announced the biggest raise of any new crypto this year, and BNB is the best coin to measure it against, since each one runs a trading platform and pays its holders as trading grows. The strongest BNB price prediction on record is Standard Chartered's $2,775 for the end of 2028 per The Block, and our review agrees with its reasons: BNB moves like Bitcoin and Ethereum combined, regular burns keep cutting its supply, and the BNB price sits at $598 per CoinGecko, climbing again one year after touching $1,370, with the full case explained at Benzinga.

Now the simple math: what does $2,775 give a buyer who enters at today's BNB price of $598? Just under 5x, meaning $1,000 today becomes about $4,600. A strong result for a coin this large, but not the kind of win people come to crypto for. The people who made real fortunes on BNB bought at $0.10 in the 2017 ICO, when the coin was still tiny, and at today's $84 billion size that chance is gone forever. Pepeto still offers that chance today, because in every cycle, the biggest rewards came from the space between a presale price and the first exchange price.

Inside the Pepeto Presale: The Entry the BNB Price Prediction Cannot Offer Anymore

Pepeto announced its milestone with the exact setup early BNB buyers were looking for: a working product, a token costing a tiny fraction of one cent, and no exchange listing yet to cap the upside. The platform explains the demand. Swaps on PepetoSwap cost nothing, one bridge moves tokens between Ethereum, BNB Chain, and Solana at zero gas cost, while an AI scanner reviews every project before it can trade, which keeps scams out completely. Useful tools like these attract trading on their own, all that trading creates fresh demand for PEPETO, and the earliest holders win twice: through the token, and through staking at 169% APY for everyone in before launch.

Then comes the history lesson. BNB sold for $0.10 in 2017, when its tools were only half built, and CoinGecko holds the record of what happened next: a $1,000 entry ended up worth over $5 million by the top. Pepeto sells today for $0.0000001895 with its tools already finished, its code audited by SolidProof, and a developer from Binance leading the build, all before any listing. Smart money saw those facts and moved in.

Conclusion

Pepeto announced $11 million the same week our BNB review answered the question that matters most: where did the BNB millionaires actually come from? Not from buying at today's BNB price and waiting for a 5x. They came from the $0.10 entry, before its platform was finished, at a price that never came back.

Every number above points the same way: Pepeto today is what BNB was in 2017. The presale price is still available, the products already work, the holder count grows every week, and on our read the data only allows one conclusion.

The listing is close, and of the hundreds of projects our team has reviewed, almost none looked this ready this early. Crypto gives its biggest rewards to people who act while the chance is open, and the ones who end up with regret are always the ones who waited.

For more information about Pepeto (PEPETO): Website: Official Pepeto Website, where what remains of the current stage is visible.

FAQs

How high can the BNB price go, based on the BNB price prediction?

Standard Chartered set the strongest BNB price prediction at $2,775 for the end of 2028, a climb above 360% from the current BNB price, per The Block. BNB trades at $598 per CoinGecko, one year after its $1,370 record.

Why is the Pepeto presale ranked 2026's top new crypto?

The Pepeto presale passed $11 million with more than 40,000 holders, the largest total of any new crypto this cycle. Buyers get a fee-free exchange, a bridge across three chains, an AI token scanner, and 169% APY staking, all audited by SolidProof.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. 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.

MEDIA CONTACT

Contact: Dani Bonocci

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New Crypto: Pepeto Announces Its Presale Passing $11 Million, With the BNB Price Prediction Now at $2,775

New Crypto: Pepeto Announces Its Presale Passing $11 Million, With the BNB Price Prediction Now at $2,775 Source: Pepeto

The Chainlink [LINK] Cross-Chain Interoperability Program (CCIP) version 2.0 was released on the 28th of September. The groundwork for its Q4 cycle was laid, it was reported. Yet, the LINK price is down 8.12% from the $14.02 daily session open on the same day.

Moreover, the price drawdown was part of the wider crypto market sell-off. Chainlink crypto maintained its bullish overall trend, but investors were not extremely enthusiastic about the immediate bullish prospects.

Though the CCIP represented a sturdier bridge, the altcoin is also subject to macro conditions and LINK-specific sentiment shifts.

A call for a Chainlink crypto dump Source: Ali Martinez on X A crypto analyst observed that Chainlink crypto was breaking below the neckline of a head-and-shoulders pattern it had formed on the 4-hour timeframe.

If LINK continued to trade below $13.56, the chances of a continued price move down toward $12.39 and $11.98 remained likely.

Towards the end of September, the chances of a Chainlink rally beyond $15 were good. However, the altcoin fell below a rising trendline support from mid-September, shifting its short-term bias bearishly.

Source: LINK/USDT on TradingView On the daily timeframe, the swing structure was bullish. The $12 area was key, with multiple candlewicks to it over the past two weeks. It is possible that LINK would dip briefly below $12 to sweep the liquidation levels below before recovering.

The A/D indicator continued to show buyers were dominant. The Awesome Oscillator highlighted some short-term bearish momentum, but the indicator remained above zero to showcase overall bullishness.

Should Chainlink traders wait? Source: LINK/USDT on TradingView The 4-hour timeframe’s structure shifted bearishly when the $13.47 swing low (dotted cyan) was breached a few days ago. The technical indicators showed heightened sell pressure and downward momentum in October.

Notably, a deeper retracement toward the 78.6% Fibonacci retracement level at $11.72 was possible. Moreover, buyers can wait for a positive price reaction from $11.72-$12.0 before looking to buy.

Final Summary The CCIP 2.0 upgrade introduced in late September fueled a price move to $15.77, but LINK has since retraced by 18.4%. The higher-timeframe Chainlink crypto price bias was bullish, but the altcoin was affected by October’s market-wide correction.

681 Large Transactions in a Single DayChainlink (@chainlink) recorded a notable spike in large-holder activity on Oct. 8, 2026. According to on-chain analytics firm Santiment, the network logged 681 transactions worth at least $100,000 in a single day, marking the highest daily total of 2026 and the most since Nov. 19, 2025.

The figure is a meaningful step up from earlier peaks this year. For context, a prior surge in August had drawn attention when Santiment recorded 246 such transactions in a single day, which was itself described at the time as a five-month high.

What the Data Does and Does Not ShowA surge in whale-sized transactions can reflect either aggressive buying or large-scale selling, and Santiment's count does not distinguish between the two. That ambiguity is worth keeping in mind. The metric identifies abnormally high activity, not the direction of every transfer.

The broader on-chain picture heading into October has been more nuanced. Chainlink ETFs recorded zero net flows on Oct. 7, while technical indicators continued to weigh on the $LINK price. TradingView's four-hour chart showed Chaikin Money Flow at -0.14, with MACD standing at -0.270, below its signal line, pointing to selling pressure.

Despite the uncertainty, Chainlink's network has continued to expand its institutional footprint. CCIP 2.0, introduced on Sept. 28, lets institutions add their own verifiers on top of Chainlink's default 16-operator network, adding built-in compliance controls and faster settlement options. The protocol currently secures more than $84 billion in cross-chain token value, according to Chainlink.

Whether the Oct. 8 transaction spike represents accumulation or distribution, it confirms that large holders are paying close attention to $LINK at current levels. Traders and investors will likely watch for follow-through in price and volume to determine which way that activity is skewed.

Sources:
Blockonomi: Chainlink Price Tests $12.80 Support as CCIP Vaults Expand Access
CryptoNews: Chainlink Shows Highest Level in 5 Months as Whale Transactions Pile Up
CoinDesk: Chainlink Launches CCIP 2.0 to Give Big Crypto Apps More Control Over Their Security

Bitdeer AI adds a new 67MW data center campus in Malaysia, and its AI cloud business has a reserved order pipeline exceeding $10 billion.

Bitdeer AI has secured a 67MW data center campus in Malaysia, intended to support NVIDIA GB300 systems. With this expansion, Bitdeer AI’s secured AI cloud capacity has risen to 273.5MW, and its pipeline of reserved AI cloud projects is estimated to exceed $10 billion.

7 minutes ago

Ripple co-founder Larsen’s political donations in this cycle have reached $22.5 million, targeting crypto, AI, and clean energy policies.

Ripple co-founder Chris Larsen has donated at least $22.5 million to U.S. federal candidates and super PACs in this election cycle, and plans to expand his political spending further. According to Bloomberg, Larsen has a personal net worth of roughly $13.3 billion, with his focus this cycle on issues including cryptocurrency, artificial intelligence (AI), clean energy, and billionaire taxes. Larsen previously opposed crypto industry political group Fairshake’s plan to spend $30 million to target Ohio Democratic Senate candidate Sherrod Brown, and subsequently donated $4 million to Brown personally. While his firm Ripple has contributed $48 million to Fairshake in this cycle, bringing total donations to $93 million, Larsen and Ripple CEO Brad Garlinghouse are reassessing future funding. In the AI space, Larsen has donated over $4.5 million to a super PAC that counters pro-AI groups, and has voiced support for setting strict safety guardrails for AI development. In the clean energy sector, a super PAC he backs has spent around $10 million to help defeat multiple Republican candidates who oppose renewable energy in primary elections. Additionally, Larsen has spent at least $12 million to oppose California’s proposed billionaire wealth tax.

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Morgan Stanley is bullish on SpaceX, setting a $300 target price, and forecasts long-term growth driven by enterprise AI, computing power expansion, and the revitalization of U.S. manufacturing.

Morgan Stanley has dubbed the U.S. advanced manufacturing revival "Tera'Merica," noting its opportunities extend beyond chip reshoring to include rockets, satellites, industrial robots, humanoid robots, autonomous vehicles, and drones, with SpaceX’s aerospace, satellite communications, and AI infrastructure businesses poised to benefit. On the AI compute front, Morgan Stanley projects SpaceX’s AI compute capacity will reach approximately 4.9 GW by the end of fiscal 2027, with the company targeting nearly 10 GW. According to its calculations, each additional 1 GW of nominal compute capacity—assuming $50 per watt in investment, a 70% incremental margin, and a 10x EBITDA valuation—could add roughly $27 to SpaceX’s share value. Based on this assessment, Morgan Stanley maintains an "Overweight" rating on SpaceX, with a $300 price target. The firm is also bullish on the commercialization potential of enterprise AI, though it points out the market remains relatively cautious in valuing related businesses, assigning a 50% discount to enterprise AI valuations. Key risks include the progress of Starship and Starlink, compute capacity buildout costs, and the pace of enterprise AI commercialization.

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AguilaTrades Liquidated for $545K After 6-Month Trading Break

AguilaTrades(@AguilaTrades) returned to trading after more than 6 months of inactivity, only to get liquidated and lose $545K in just one day. Poor guy!

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It is reported that Kraken is investigating an abnormal margin data display issue, with some web and app users affected.

Cryptocurrency exchange Kraken is investigating an anomaly in its margin data display. Some users of its web platform and mobile app may be seeing inaccurate margin figures, and there is currently no additional information available on the scope of impact, the root cause of the issue, or repair progress.

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Blockchain.com applies for a US regulatory license, planning to launch prediction markets and crypto derivatives trading.

According to CNBC, crypto asset platform Blockchain.com has submitted two license applications to the U.S. Commodity Futures Trading Commission (CFTC), with plans to offer event contracts and cryptocurrency derivatives trading services to U.S. retail and institutional clients. Specifically, Blockchain.com is applying to become a Designated Contract Market (DCM) to operate a regulated futures trading platform, while also seeking registration as a Futures Commission Merchant (FCM) to provide derivatives brokerage services. Co-founder and CEO Peter Smith stated that the company aims to enable users to manage digital assets, trade derivatives, and transact on real-world events all in one platform. Earlier this year, Blockchain.com partnered with Polymarket to offer prediction market services to select users, and provided perpetual contract trading to some international clients via Hyperliquid. This application signals the firm’s push to expand these operations into the U.S. market. CNBC data shows that 12 companies, including Blockchain.com, have applied for CFTC Designated Contract Market licenses so far this year, with regulators approving six new trading platforms in the same period. As crypto trading platforms and prediction markets continue to converge, more firms are seeking entry into the event contract and derivatives markets. Additionally, Blockchain.com is advancing its listing plans. The company confidentially submitted an IPO registration draft to the U.S. Securities and Exchange Commission (SEC) in May this year. Bloomberg previously reported that the firm plans to go public this year, targeting a valuation of $4 billion to $6 billion.

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Bitdeer AI adds a new 67MW data center campus in Malaysia, and its AI cloud business has a reserved order pipeline exceeding $10 billion.

Bitdeer AI has secured a 67MW data center campus in Malaysia, intended to support NVIDIA GB300 systems. With this expansion, Bitdeer AI’s secured AI cloud capacity has risen to 273.5MW, and its pipeline of reserved AI cloud projects is estimated to exceed $10 billion.

7 minutes ago

Ripple co-founder Larsen’s political donations in this cycle have reached $22.5 million, targeting crypto, AI, and clean energy policies.

Ripple co-founder Chris Larsen has donated at least $22.5 million to U.S. federal candidates and super PACs in this election cycle, and plans to expand his political spending further. According to Bloomberg, Larsen has a personal net worth of roughly $13.3 billion, with his focus this cycle on issues including cryptocurrency, artificial intelligence (AI), clean energy, and billionaire taxes. Larsen previously opposed crypto industry political group Fairshake’s plan to spend $30 million to target Ohio Democratic Senate candidate Sherrod Brown, and subsequently donated $4 million to Brown personally. While his firm Ripple has contributed $48 million to Fairshake in this cycle, bringing total donations to $93 million, Larsen and Ripple CEO Brad Garlinghouse are reassessing future funding. In the AI space, Larsen has donated over $4.5 million to a super PAC that counters pro-AI groups, and has voiced support for setting strict safety guardrails for AI development. In the clean energy sector, a super PAC he backs has spent around $10 million to help defeat multiple Republican candidates who oppose renewable energy in primary elections. Additionally, Larsen has spent at least $12 million to oppose California’s proposed billionaire wealth tax.

7 minutes ago

Morgan Stanley is bullish on SpaceX, setting a $300 target price, and forecasts long-term growth driven by enterprise AI, computing power expansion, and the revitalization of U.S. manufacturing.

Morgan Stanley has dubbed the U.S. advanced manufacturing revival "Tera'Merica," noting its opportunities extend beyond chip reshoring to include rockets, satellites, industrial robots, humanoid robots, autonomous vehicles, and drones, with SpaceX’s aerospace, satellite communications, and AI infrastructure businesses poised to benefit. On the AI compute front, Morgan Stanley projects SpaceX’s AI compute capacity will reach approximately 4.9 GW by the end of fiscal 2027, with the company targeting nearly 10 GW. According to its calculations, each additional 1 GW of nominal compute capacity—assuming $50 per watt in investment, a 70% incremental margin, and a 10x EBITDA valuation—could add roughly $27 to SpaceX’s share value. Based on this assessment, Morgan Stanley maintains an "Overweight" rating on SpaceX, with a $300 price target. The firm is also bullish on the commercialization potential of enterprise AI, though it points out the market remains relatively cautious in valuing related businesses, assigning a 50% discount to enterprise AI valuations. Key risks include the progress of Starship and Starlink, compute capacity buildout costs, and the pace of enterprise AI commercialization.

7 minutes ago

AguilaTrades Liquidated for $545K After 6-Month Trading Break

AguilaTrades(@AguilaTrades) returned to trading after more than 6 months of inactivity, only to get liquidated and lose $545K in just one day. Poor guy!

7 minutes ago

It is reported that Kraken is investigating an abnormal margin data display issue, with some web and app users affected.

Cryptocurrency exchange Kraken is investigating an anomaly in its margin data display. Some users of its web platform and mobile app may be seeing inaccurate margin figures, and there is currently no additional information available on the scope of impact, the root cause of the issue, or repair progress.

7 minutes ago

Blockchain.com applies for a US regulatory license, planning to launch prediction markets and crypto derivatives trading.

According to CNBC, crypto asset platform Blockchain.com has submitted two license applications to the U.S. Commodity Futures Trading Commission (CFTC), with plans to offer event contracts and cryptocurrency derivatives trading services to U.S. retail and institutional clients. Specifically, Blockchain.com is applying to become a Designated Contract Market (DCM) to operate a regulated futures trading platform, while also seeking registration as a Futures Commission Merchant (FCM) to provide derivatives brokerage services. Co-founder and CEO Peter Smith stated that the company aims to enable users to manage digital assets, trade derivatives, and transact on real-world events all in one platform. Earlier this year, Blockchain.com partnered with Polymarket to offer prediction market services to select users, and provided perpetual contract trading to some international clients via Hyperliquid. This application signals the firm’s push to expand these operations into the U.S. market. CNBC data shows that 12 companies, including Blockchain.com, have applied for CFTC Designated Contract Market licenses so far this year, with regulators approving six new trading platforms in the same period. As crypto trading platforms and prediction markets continue to converge, more firms are seeking entry into the event contract and derivatives markets. Additionally, Blockchain.com is advancing its listing plans. The company confidentially submitted an IPO registration draft to the U.S. Securities and Exchange Commission (SEC) in May this year. Bloomberg previously reported that the firm plans to go public this year, targeting a valuation of $4 billion to $6 billion.

7 minutes ago

Zakura, a Zcash full node built by Valar Group and Project Tachyon, also says private lookups let wallets monitor rotating transparent addresses without revealing which ones they check.

Zcash node team targets January for post-quantum signatures

Posted October 9, 2026 at 8:18 am ET.

The team behind Zakura, a Zcash full node, said it plans to bring post-quantum signature opcodes to Zcash in January to protect funds held in transparent addresses. “Our team plans for post-quantum signature opcodes to land in Zcash in January,” Roman Akhtariev wrote in an engineering post. The post named no Mainnet activation date.

The post said full post-quantum-safe transparent pools using hash-based signatures are targeted for January. In the meantime, it said, wallets can pair a hash-based signature scheme called WOTS with the usual elliptic-curve key to get post-quantum-safe rotating transparent addresses today, though no integrated wallet flow for that exists yet.

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Rotating Addresses, Private Lookups A transparent Zcash address holds a hash of a public key, and spending from it publishes that key, Zakura said. Funds left at an address after a spend can go to a new address whose public key is still undisclosed, Zakura said. The post said that adds protection if public keys can be attacked but the hashes stay secure.

The catch is lookups. A wallet that checks many rotating addresses through an ordinary server request tells that server the addresses share one owner, even if the chain shows no link.

Zakura’s answer is private information retrieval (PIR), which lets a wallet fetch a record without the server learning which one. Confirmed transparent activity is split into block ranges, each served by a shard that publishes a compact filter the wallet checks locally. The wallet makes a private lookup only when a filter signals a possible match. Zakura said a range with 10,000 distinct payment scripts needs roughly 15 KB of filter data.

The same method can rebuild a wallet’s history from a mnemonic, including addresses that now hold nothing, the post said.

The post said the PIR component is coming to the Vizor wallet, and an experimental version can already be tested by turning on “Private queries” in settings.

Context Ethereum Foundation researcher Justin Drake called on the industry on Oct. 7 to begin planning for “bunker mode,” an effort to shift funds into fresh addresses that have never signed a transaction. He said it is reasonable to brace for ECDSA breaking before quantum computers arrive, in the worst case “in months not years,” and urged holders not to rush or panic.

Transparent Zcash transactions stay public on-chain, Zakura said. PIR protects the lookups wallets use to manage them.

Related Listen: One Type of Post-Quantum Cryptography Is Most Popular. Why Is Crypto Trying Out Three?

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

SpaceX today challenged US mobile carriers by agreeing to buy a nationwide low-band spectrum portfolio. Verizon, AT&T, and T-Mobile shares each fell about 6% in after-hours trading on Thursday.

The seller, private-equity firm Grain Management, acquired those airwaves from T-Mobile in August. SpaceX (SPCX) would pay an undisclosed price, Reuters reported.

Why SpaceX Challenges US Mobile Carriers With Low-Band AirwavesSpectrum, the radio frequencies that carry mobile signals, comes in bands with different strengths. Starlink Mobile, SpaceX’s satellite-to-phone service, previously leaned on 2 gigahertz (GHz) mid-band airwaves suited to data capacity.

Low-band frequencies, however, travel farther and reach deeper indoors, which should help its signal clear buildings and foliage.

The portfolio spans up to 14 megahertz (MHz) of paired spectrum in the 800 MHz band, SpaceX said.

Separately, the Federal Communications Commission (FCC) approved SpaceX’s application for a 15,000-satellite Starlink Mobile Gen2 constellation, Reuters reported.

AT&T fared worst in after-hours trading, down almost 7%, while Verizon lost more than 6% and T-Mobile 6%, CNBC reported.

Mobile carriers face a threat from SpaceX’s latest move. Image Source: Trading ViewIn contrast, SpaceX shares gained almost 3% in the same session.

Carrier shares fell 4% in July when Semafor reported that SpaceX was hunting for spectrum. AT&T CEO John Stankey played down Starlink’s ambitions that month, according to the same report.

“The reality is that they’re coming to the game very late after this industry has been established.”

Who Held These Airwaves Before SpaceX Stepped In?T-Mobile closed the sale of its 800 MHz portfolio to Grain on August 11. It received $2.9 billion in cash and Grain’s 600 MHz licenses.

The FCC had cleared the swap on July 1.

Less than two months after the sale closed, SpaceX agreed to buy Grain’s nationwide 800 MHz holdings.

Meanwhile, T-Mobile also sells Starlink-powered satellite-to-phone service today under the T-Satellite name.

That report also noted the three largest carriers spent about $110 billion over a decade buying most US low-band spectrum. SpaceX has now agreed to buy a nationwide portfolio of it in one transaction.