FLock.io, a leading privacy-preserving AI solution provider, has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP) as its official cross-chain infrastructure. FLock.io has gone multichain to meet the high security standards of decentralised AI agents, and to expand token liquidity across ecosystems. Its native token, FLOCK, is now live as a Chainlink Cross-Chain Token (CCT) and available on Transporter, the hyper-secure crypto bridging application powered by CCIP.
As decentralised AI scales across networks, ensuring the security of decentralised AI agents and node operators is essential. Base serves as the canonical chain for FLOCK, with production CCIP connectivity spanning across Base, Ethereum, BNB Chain, Hyperliquid’s HyperEVM and Robinhood Chain. FLock.io going multichain has included going live on Robinhood – which has just topped Ethereum in daily app revenue, just two months after the network went live – is particularly significant strategically. Developers, node operators and token holders can now move FLOCK frictionlessly across supporting chains via Transporter.
This development has expanded FLOCK’s liquidity across different ecosystems. This unlocks specialised liquidity use cases tailored to the trading dynamics, asset structures and performances of each ecosystem. Firstly, high-performance execution layers such as Base and HyperEVM are well suited to low-latency model inference settlement and AI agent micro-payments. Deep capital hubs such as Ethereum, BNB Chain and Robinhood Chain are ideal for institutional staking, deep liquidity pools and broad retail accessibility.
This multichain foundation powers the next steps for FOMO (FLock Open Model Offering), FLock’s AI model asset issuance platform. It can further expand Model Token issuance, trading and liquidity across chains. Over time, FOMO will broaden its scope to support AI assets and tokenised stocks, giving users more liquidity and trading options across different ecosystems.Robinhood Chain is building an AI-native on-chain economy, purpose-built to make real-world assets investable on-chain and turning stocks into tokens. FLock.io’s FOMO, the first Fair Open Model Offering, going live on it extends that frontier from financial assets to AI, taking the next step by turning intelligence into an asset backed by real AI usage.
In its mission to develop AI that ensures 100% data sovereignty, model ownership and operational control, FLock requires infrastructure that guarantees capital protection to protect user trust. Running on public blockchains often gives cross-chain protocols a large attack surface.
Chainlink CCIP’s defences mitigate this risk with three decentralised networks that execute and verify every cross-chain transaction, providing projects with native level-five cross-chain security. Treating end-to-end cross-chain system security as its top priority, Chainlink CCIP uses multiple overlapping controls to protect data and systems – if one defence fails, another layer is ready to block or catch the threat. Its defence-in-depth architecture features:
• Built-in risk controls: native support for rate limiting, which act as circuit breakers to limit the flow of assets between chains, mitigating ecosystem contagion risks.
• Institutional security standards: CCIP is the only cross-chain protocol with institutional certifications, including SOC 2 Type 2 and ISO 27001 certifications.
• Secure-by-default infrastructure: Every CCIP bridge lane is secured by a minimum of 16 independent, security-reviewed node operators.
Jiahao Sun, CEO of FLock.io, said: “Decentralised AI won't live on a single blockchain. Its infrastructure can’t either. As FLock.io scales across ecosystems, 99% security isn't enough. That’s why we've standardised our cross-chain infrastructure with Chainlink CCIP.”
He added: “Decentralised AI needs decentralised infrastructure. Chainlink CCIP is one of the building blocks.”
About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Lido, GMX, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.
About Transporter
Transporter is a highly secure interface for bridging tokens across blockchains with total peace of mind. Transporter is built on top of Chainlink CCIP, the industry-leading cross-chain protocol for defense-in-depth security.
Transporter is the cross-chain bridging app for transferring digital assets across blockchains and experiencing the best that each chain has to offer. In just a few clicks, you can bridge your tokens and cross chains with confidence knowing that Transporter is underpinned by Chainlink CCIP’s Level-5 Security, offers users real-time transaction tracking, and is available to provide 24/7 support.
About FLock.io
FLock.io is an AI research and infrastructure company pioneering enterprise-grade federated learning and distributed AI solutions. Its decentralised federated learning architecture and production-ready platforms (AI Arena, FL Alliance, and FLock.io API Platform) enable organisations to train and deploy their own custom AI models on local hardware while maintaining full data privacy, model ownership, and regulatory alignment by design.
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
@Grayscale's spot $ZEC ETF has turned sharply negative this month, recording $67.25 million in net outflows so far in October, according to data shared by @BSCNews. The fund, which trades under the ticker ZCSH on NYSE Arca, still holds 3.41% of Zcash's total circulating supply despite the sustained redemptions.
A Blockbuster Launch Followed by a Reversal The opening weeks were exceptional.
Outflows Mount as Investors Take Profits
That divergence between ETF flows and token price suggests the selling is being driven more by profit-taking than by a loss of conviction in Zcash's fundamentals.
Despite the pressure, the fund remains net positive since launch, though the cushion has narrowed considerably.
Sources:
The Block: Grayscale says crypto ETF market is entering new phase as Zcash ETF tops $1 billion
24/7 Wall St.: Zcash ETFs Have Lost $59 Million in October While the Coin Keeps Climbing
Crypto Briefing: Grayscale's Zcash ETF sheds $93.56 million in a single week
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.
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Ripple co-founder Larsen’s political donations in this cycle have reached $22.5 million, targeting crypto, AI, and clean energy policies.
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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.
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It is reported that Kraken is investigating an abnormal margin data display issue, with some web and app users affected.
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Blockchain.com applies for a US regulatory license, planning to launch prediction markets and crypto derivatives trading.
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Zcash developers set January target for quantum-resistant payments after ‘bunker mode’ scare. (Shutterstock)Summary
Zcash developers aim to add support for quantum-resistant, hash-based signatures in January, though no network activation date has been confirmed.The upgrade to the privacy coin would initially protect transparent transactions, which account for about 70% of issued ZEC, while shielded payments require separate safeguards.Zakura, a program used to run the Zcash network, has also developed a private lookup tool that lets wallets check balances without revealing linked addresses to a server, and an experimental version is available in the Vizor wallet.Developers of privacy-focused Zcash (ZEC) plan to add protections designed to withstand quantum computers within months as warnings about AI-assisted attacks put the broader security of cryptocurrency wallets under scrutiny.
“Our team plans for post-quantum signature opcodes to land in Zcash in January,” Roman Akhtariev wrote in an engineering post for Zakura, one of the programs used to run the Zcash network and validate its transactions.
Those opcodes, or instructions, would give Zcash the ability to check hash-based signatures, a method of approving payments designed to resist quantum attacks. While January is the team’s target, no confirmed network activation date was mentioned.
The aim is to prevent attackers from using today’s public keys to work backward to forge a wallet owner’s approval and spend their coins.
The upgraded software would produce a signature that the network checks using hashes, digital fingerprints made from secret data. Hash-based signatures use a different way to prove permission to spend.
Forging an approval would require defeating those hashes, so a breakthrough against today’s wallet keys would not automatically defeat the replacement.
Using fresh addresses keeps keys hidden before spending, and the proposed signatures are intended to protect the payment when spending makes its approval public.
Zakura’s post comes on the heels of a warning by Ethereum researcher Justin Drake, who on Thursday urged holders to prepare for a so-called “bunker mode,” warning that AI could find a shortcut through the mathematics protecting bitcoin and ether wallets “in months, not years” in the worst case.
Ethereum’s own broader migration to quantum-resistant cryptography has a target date of December 2029. No practical attack on their wallet keys has been demonstrated so far.
ZEC ended Thursday around $1,185, down about 11% over the preceding week, leading a drop among top cryptocurrencies after Drake’s post went viral on X.
Read More: Bitcoin and ether holders urged to prepare ‘bunker mode’ against possible AI attacks
Fresh addresses, revealing balance checksZcash has two kinds of payments. One is shielded payments, which conceal the sender, recipient and amount. Transparent payments, in contrast, work much like bitcoin BTC$82,486.39, with addresses and amounts visible on the blockchain.
About 11.96 million of the 16.98 million ZEC issued sat in the transparent pool on Thursday, roughly seven in 10 coins, according to CoinDesk’s calculation from ZecStats data. The January plan focuses on that public side of the network.
A wallet uses a secret key to approve spending and a corresponding public key that lets the network check the approval. Working backward from the public key to the secret is supposed to require an impractical amount of computing. Drake’s concern is that a breakthrough could make it affordable, as CoinDesk reported Thursday.
A standard Zcash transparent address initially hides the public key behind a hash, a digital fingerprint designed to be difficult to reverse. Spending reveals that key — and moving leftover funds to a fresh address puts them behind another key that has not been disclosed.
But checking those fresh addresses can give something else away.
Someone who spreads savings across 10 addresses still needs their balances. A typical wallet asks a server for those records, giving it a way to connect addresses that may look unrelated on the blockchain.
Zakura’s lookup tool uses so-called private information retrieval, which lets a database return a record without learning which one was requested. The wallet can check its balances without handing the server a readable list of addresses, while the payments themselves remain public.
An experimental version is already available through the “Private queries” setting in Vizor, a Zcash wallet.
The shielded side needs separate work, however. Zcash’s quantum recovery design warns that an attacker who obtains a recipient’s address could save encrypted payment records today and try to decrypt them after a future mathematical breakthrough.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Zcash developers have set January as the goal for adding post-quantum signature support to the network. The aim is to protect payments from a future in which today’s cryptography stops holding up.
The timing is not subtle. The plan follows a warning from Ethereum researcher Justin Drake that rattled the market and sent ZEC down approximately 11%.
What the Zakura team is building The work comes from the Zakura node software team. Its target is a set of post-quantum signature opcodes that support hash-based signatures.
Hash-based signatures matter because they rely on a different mathematical foundation than the elliptic-curve cryptography most blockchains use today. The idea is to give users a signing method that does not depend on the math quantum machines are expected to threaten.
The first phase covers transparent transactions. These are Zcash’s public payments, which work much like Bitcoin transactions, with sender, receiver and amount visible on chain.
That focus is a numbers decision. Transparent transactions account for approximately 70% of the total issued ZEC, which makes them the largest exposed surface on the network.
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There is an important caveat. No official activation date has been confirmed, so January is a development target rather than a scheduled switch-on.
Shielded transactions, the private payments that made Zcash famous, will need further work before they get comparable protection. Their cryptography is built differently, so the upgrade path is not a simple copy and paste.
The ‘bunker mode’ scare and the broader roadmap The push picked up urgency after Drake raised alarms about AI-accelerated threats to elliptic-curve cryptography. His ‘bunker mode’ warning framed AI and quantum computing as risks that could arrive faster than the industry expects.
Markets took the message seriously. ZEC fell approximately 11% in the aftermath.
Zcash is not starting from scratch. The NU6.3 upgrade in July 2026 introduced quantum-recoverable notes, known as Ironwood notes, which have been active since then.
Separately, Shielded Labs launched the Epoch project on October 1, 2026. Its goal is production-ready post-quantum cryptography by the end of 2027, and it builds on the groundwork laid in NU6.3.
Taken together, the Zakura opcodes would cover transparent funds in the near term, Ironwood notes offer a recovery path, and Epoch is the longer project aimed at a fuller post-quantum stack.
Zcash has treated cryptographic research as part of its identity since it launched in 2016. The current effort extends that tradition into a threat model that barely registered when the network went live.
What this means for ZEC holders and the wider market For holders, the most practical takeaway concerns which coins get protection first. With approximately 70% of issued ZEC sitting in transparent form, the January target addresses the bulk of supply before it reaches the privacy pool.
That sequencing could matter for anyone who keeps funds in transparent addresses for exchange or custody reasons. Those users may get access to post-quantum signing options sooner than shielded users, assuming the upgrade activates as hoped.
The missing activation date is the main thing to watch. A development target can slip, and network upgrades usually require testing, review and coordination across node operators before they go live.
If Zcash ships post-quantum signatures for transparent payments on schedule, it would be among the more visible networks to put this kind of protection into production. The shielded side requires additional engineering, and Epoch’s own target of late 2027 suggests the full transition is a multi-year effort rather than a single upgrade.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Bitdeer AI adds a new 67MW data center campus in Malaysia, and its AI cloud business has a reserved order pipeline exceeding $10 billion.
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Ripple co-founder Larsen’s political donations in this cycle have reached $22.5 million, targeting crypto, AI, and clean energy policies.
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Blockchain.com applies for a US regulatory license, planning to launch prediction markets and crypto derivatives trading.
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Zcash developers have set January 2027 as their target for adding quantum-resistant payment support to the network, as concerns over future attacks on cryptocurrency wallets grow and ZEC trades near $1,240 following a sharp weekly decline.
Summary
Zcash developers target January 2027 for quantum-resistant payment instructions, with no confirmed network activation date yet. Nearly 12 million ZEC remain in transparent addresses, representing roughly 70% of the issued supply. Zakura developers have introduced experimental private balance checks that conceal wallet address searches from servers. ZEC rebounded above $1,240 after recent losses, although its weekly performance remained negative on CoinGecko. Technical indicators show continued selling pressure, with resistance near $1,305 and immediate support around $1,180. Zakura engineer Roman Akhtariev announced the timeline in a technical update, explaining that developers intend to introduce new instructions allowing Zcash to verify hash-based signatures. The proposal focuses on transparent transactions, which account for approximately 70% of the cryptocurrency’s issued supply. However, the January target does not establish a confirmed date for activating the changes across the network.
Zcash developers target January for quantum-resistant payments The planned upgrade would introduce new signature verification instructions designed to protect transparent Zcash transactions against potential future advances in quantum computing.
Currently, transparent Zcash payments use elliptic-curve cryptography to verify that someone spending coins controls the corresponding private key. The system relies on mathematical problems that conventional computers cannot practically solve using known methods.
Researchers have warned that sufficiently powerful quantum computers could eventually weaken this protection, potentially allowing attackers to recover private keys from exposed public keys.
Zakura’s proposed instructions would allow payments to use hash-based signatures, which rely on different mathematical assumptions. The developers are considering constructions such as Winternitz One-Time Signatures, commonly called WOTS.
In the engineering update, Akhtariev wrote, “Our team plans for post-quantum signature opcodes to land in Zcash in January.”
The timing remains a development target. No confirmed Mainnet activation, final network upgrade specification or mandatory migration schedule has been announced for the January proposal.
Zakura is an alternative Zcash full-node implementation developed by Valar Group and Project Tachyon. Its initial release arrived in July 2026, offering improved synchronization performance and support for the network’s Ironwood upgrade.
Although developers are preparing quantum-resistant payment instructions, Zcash is not yet fully protected against quantum attacks. Its existing shielded transaction systems still depend on cryptographic components that would require further changes.
Nearly 70% of ZEC supply remains in public addresses The planned signature changes focus on transparent Zcash addresses, where transaction details are publicly visible on the blockchain.
Unlike shielded transactions, which conceal payment information, transparent transactions expose addresses and transferred amounts in a manner similar to Bitcoin.
According to ZecStats, approximately 11.96 million ZEC sat in the transparent pool on October 9, representing 70.4% of the roughly 16.98 million coins issued. Another 4.95 million ZEC was distributed across the network’s shielded pools.
Standard transparent addresses contain a hash of the owner’s public key. The public key itself is generally disclosed when the owner spends funds from that address.
Zakura’s engineers explained that creating a fresh address after spending can limit exposure to certain future attacks. Coins transferred to a new address remain protected by a different public-key hash until its corresponding key is revealed.
However, protecting individual public keys does not guarantee that every wallet remains secure. The team warned that exposing an account’s extended public key or related viewing information can reveal additional keys associated with the same wallet.
The network previously introduced other security improvements through its July 28 Ironwood upgrade.
As covered in the Zcash Ironwood upgrade, developers introduced a new shielded pool with additional supply protections and provisions for future recovery under certain quantum attack scenarios.
Ironwood’s recovery features do not independently make its existing shielded transaction cryptography quantum-resistant.
Zakura introduces private balance checks for Zcash wallets Alongside the proposed signature upgrade, Zakura has developed a system that allows wallets to check transparent balances without revealing their entire address history to a server.
The technology uses private information retrieval, or PIR, to conceal which records a wallet requests from a database.
Ordinarily, a wallet that manages several transparent addresses must ask a server for transaction records linked to each address. The server can observe those requests and potentially connect addresses belonging to the same user.
Zakura’s system allows the wallet to retrieve the necessary records while hiding the selected database entries from the service providing them.
The developers explained that the software groups confirmed transaction information into smaller database sections. Wallets examine compact activity filters locally before making private requests for matching records.
According to the engineering explanation, the method supports balance checking, transaction history recovery and wallet restoration without sending a readable list of addresses to the server.
The protection does not conceal transactions recorded on the transparent blockchain. It prevents the wallet’s balance queries from independently exposing which addresses the user is checking.
An experimental implementation is available through the Private queries setting in Vizor, a Zcash wallet.
Akhtariev explained that the feature is intended to work alongside address rotation, allowing users to manage newly generated addresses without repeatedly disclosing their relationships through ordinary wallet synchronization.
Zcash price rebounds near $1,240 as selling pressure continues While developers prepare the security changes, Zcash price has recovered modestly after a recent market correction pushed the token toward $1,180.
According to CoinGecko, ZEC traded near $1,240 on October 9, gaining approximately 2.5% over 24 hours despite remaining almost 12% lower over seven days. Daily trading volume stood near $1.57 billion, with a market capitalization of approximately $21 billion.
The cryptocurrency had previously rallied toward the 1,600–1,700 area before losing momentum. Its subsequent retreat brought prices below several short-term technical levels.
In the supplied daily chart, ZEC traded at $1,237.39 after recovering from an intraday low of $1,181.84. The rebound represented a 4.37% daily gain, although the token continued trading below its nine-day simple moving average of $1,305.05.
The moving average currently forms an important resistance level. Until ZEC moves back above it, the short-term chart continues to show lower highs following the recent rally.
Crypto analyst Trader Symba identified the 1,300–1,330 region as an important recovery level after ZEC lost its previous rising trendline.
The analyst said a sustained recovery above that region could open the way toward 1,350–1,370, followed by $1,430.
On the downside, Symba identified 1,195–1,200 as a zone to monitor, with additional support at $1,115 and 1,040–1,050. Those are technical projections, not confirmed future price movements.
The supplied Moving Average Convergence Divergence indicator supports a cautious short-term outlook. Its MACD line stood at 11.94, below the signal line of 58.26, while the histogram remained negative at -46.32.
Zcash (ZEC) price chart, source: TradingView Although both lines were above zero, the negative histogram indicated that selling momentum had strengthened compared with the preceding bullish phase.
Another analyst, More Crypto Online, described the recent decline as a fourth-wave correction under an Elliott Wave interpretation. The analyst said a break above the previous high would be needed to confirm that the pullback had ended.
The immediate technical levels remain $1,180 on the downside and $1,305 on the upside. If ZEC falls below the former, the supplied chart identifies $1,100 and $1,000 as further support areas.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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?
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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.
According to on-chain analyst Ai Yi (@ai_9684xtpa), an address that has held ONDO for over a year appears to have liquidated its $4.47 million position. The address mcaavebank.eth transferred 9 million ONDO tokens to OKX six hours ago, at a unit price of $0.4963. The address had previously served as a liquidity provider for ONDO on Uniswap, while ONDO’s price ranged between $0.7 and $1.3 one year ago.
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Telegram 13.0 Released: Wallet Rebranded to Walt, Removed From Settings, Web Proxy Support Added
Telegram has released version 13.0, bringing interface adjustments, updated connection methods, and optimized video messaging. Despite the update covering multiple functional changes, Telegram has categorized it as "bug fixes and minor improvements", with a detailed update announcement yet to be posted on its official blog. On the wallet front, the former Telegram Wallet service has been renamed Walt, removed from Telegram settings, and is now accessed via the mini-program interface. The update also added support for web proxies, allowing users to establish secure connections through an alternative method; a new pause button has been added during AI bot replies, and users can now report mini-programs that violate platform rules. Other changes include: Android video message resolution upgraded from 384×384 to 480×480 at 30 FPS; the search button removed from the bottom navigation bar; and Liquid Glass visual effects for iOS 27 optimized. Additionally, Telegram is expected to launch a new crypto wallet, Gram Wallet, though the service is not yet open to users. Telegram 13.0 has also raised the minimum supported operating system version to iOS 15, so devices running iOS 13 or iOS 14 will be unable to install the update. The version is now available for download via the Apple App Store, Google Play, and Telegram’s official website.
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Wall Street's five major banks' third-quarter stock trading revenue is expected to approach $19 billion.
According to foreign media reports, several of Wall Street’s largest banks are expected to disclose combined third-quarter stock trading revenue of nearly $19 billion when they release their earnings reports next week. However, as capital market activity cools, performance gaps between the banks are gradually emerging, with some institutions outperforming competitors significantly. This marks a sharp contrast to the first half of this year, when nearly all of the U.S.’ five major banks benefited from a trading boom, with their equities and fixed income trading divisions remaining busy. Based on analyst estimates compiled as of Thursday’s New York market close, Goldman Sachs Group, set to release its earnings report next Tuesday, is projected to rank first among major banks with $5.1 billion in Q3 stock trading revenue. Morgan Stanley is expected to follow closely, with stock trading revenue of $4.9 billion; JPMorgan Chase is forecast to generate $4.5 billion; and Bank of America’s stock trading division is projected to deliver $2.6 billion in revenue. (Jinshi)
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Hyperliquid’s largest long position holder is sitting on an unrealized profit of $8.77 million, with year-to-date cumulative profits hitting $116.7 million.
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Bank of America warns that $166.4 billion has flowed into money market funds in a single week, and cash is unlikely to return to the stock market ahead of interest rate cuts.
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Besent: Plans to seize around $1 billion in crypto assets this week, and comprehensively escalate isolation operations against Iran.
According to U.S. media reports, U.S. Treasury Secretary Scott Bessent said the Trump administration is escalating its "maximum pressure" campaign against Iran to an "absolute isolation" operation. Beyond financial sanctions, the U.S. will further restrict Iran’s access to international markets, transportation networks, and financial resources via measures including maritime blockades, aviation restrictions, and cutting off land routes. Bessent revealed in an interview at the Newsmax NPolicy Summit in Washington on Thursday that the U.S. government "may seize approximately $1 billion worth of crypto assets this week," noting authorities have located the assets and are taking steps to isolate them. He added that the U.S. is cooperating with the United Arab Emirates and Oman, and coordinating with Pakistan and Turkey, to cut off Iran’s land transport routes. The administration’s stated goal is to fully block Iran’s oil exports and restrict international travel by Iranian officials and individuals affiliated with the regime. To date, the report has not disclosed the specific crypto assets involved in the seizure, wallet addresses, implementing agencies, or legal basis for the action, and it remains unclear whether the operation has been formally executed.
Wall Street’in hisse senedi, tahvil ve diğer finansal varlıkları blokzincire taşıması, kripto piyasasında yeni gelir alanları yaratabilir. Citrini, 8 Ekim’de yayımladığı 79 sayfalık Breaking the Wall raporunda, Bitcoin ve Ethereum dışında bu dönüşümden faydalanabilecek kripto projelerini öne çıkardı.
Raporda Aerodrome (AERO), Maple (SYRUP), Ondo (ONDO), Pendle (PENDLE) ve Derive (DRV) gibi projeler dikkat çekiyor. Citrini, tokenizasyon büyüdükçe işlem, borç verme ve ödeme faaliyetlerinden ücret elde eden platformların daha fazla gelir sağlayabileceğini savunuyor.
Ancak önemli bir ayrım var: Blokzincir kullanımının artması, ilgili tokenın fiyatının da yükseleceği anlamına gelmiyor. Asıl mesele, oluşan ekonomik değerin hangi protokole ve ne ölçüde token sahiplerine yansıdığı.
Tokenizasyon Altcoinlere Nasıl Gelir Sağlayabilir? Tokenizasyon, hisse senedi ve tahvil gibi geleneksel varlıkların blokzincir üzerinde dijital tokenlarla temsil edilmesini sağlıyor. Bu tokenlar işlem görebiliyor ve bazı platformlarda kredi teminatı olarak kullanılabiliyor.
Citrini’ye göre asıl fırsat, bu varlıkların alım satımını ve finansmanını sağlayan protokollerde. Tokenizasyon büyüdükçe işlem ve borç verme faaliyetleri artabilir, bu da platformlara daha fazla ücret geliri sağlayabilir. Peki Citrini, bu fırsattan yararlanabilecek hangi altcoinleri öne çıkardı?
Listede Hangi Altcoinler Var? Citrini’nin değerlendirmesinde farklı iş modellerine sahip projeler bulunuyor. Bazıları işlem ücretlerinden, bazıları kredi faaliyetlerinden, bazıları ise finansal altyapı hizmetlerinden faydalanabilecek şekilde konumlanıyor.
İşlem platformları: Aerodrome (AERO) ve Uniswap (UNI) Aerodrome, tokenlaştırılmış hisse senetlerinin alım satımından ücret elde edebilecek merkeziyetsiz işlem platformu olarak öne çıkıyor. Uniswap ise farklı tokenların alınıp satılmasını sağlayan merkeziyetsiz piyasa altyapısı sunuyor.
Kredi ve getiri ürünleri: Maple (SYRUP), Aave (AAVE) ve Pendle (PENDLE) Maple, kurumsal yatırımcılara yönelik blokzincir tabanlı kredi ürünleri yönetiyor. Aave, merkeziyetsiz borç verme altyapısı sağlıyor. Pendle ise yatırımcıların faiz getiren varlıklardan doğacak gelecekteki gelirleri alıp satmasına olanak tanıyor.
Tokenlaştırılmış varlıklar: Ondo Finance (ONDO) Ondo, tokenlaştırılmış ABD tahvilleri ve hisse senedi ürünleri sunuyor. Proje, daha yakın dönemde sürekli vadeli işlem ürünleri alanına da genişledi. Citrini’nin tezine göre geleneksel finansal varlıklar blokzincire taşındıkça bu ürünlerin çevresinde daha fazla işlem faaliyeti oluşabilir.
Stablecoin ve finansal hizmetler: Ethena (ENA) ve ether.fi (ETHFI) Ethena, stablecoin ihracının yanı sıra dijital finans hizmetlerini genişletiyor. Proje; yüksek getirili tasarruf ürünleri, kartlar ve ödemeler gibi alanlara yöneliyor. ether.fi ise kripto tabanlı finansal hizmetler sunuyor.
Veri ve blokzincir altyapısı: Chainlink (LINK) ve LayerZero (ZRO) Chainlink, piyasa verilerini blokzincir uygulamalarına taşıyan oracle altyapısıyla öne çıkıyor. LayerZero ise farklı blokzincirlerin birbirine bağlanmasını sağlıyor. Tokenlaştırılmış varlıklar daha fazla platformda kullanıldıkça bu tür altyapılara duyulan ihtiyaç da artabilir.
Türev işlemler: Derive (DRV), Lighter (LIT) ve Variational (VAR) Derive, merkeziyetsiz opsiyon işlemlerine odaklanıyor. Citrini ayrıca sürekli vadeli işlem piyasasında faaliyet gösteren Lighter ve Variational gibi yeni platformlara da dikkat çekiyor. Bu platformlar, yatırımcıların bir varlığa sahip olmadan fiyat hareketleri üzerine işlem yapabildiği sürekli vadeli işlem pazarının büyümesinden pay alabilir.
Citrini, Hyperliquid’i (HYPE) de bu alandaki güçlü platformlardan biri olarak değerlendiriyor. Bununla birlikte rapor, Hyperliquid’e yönelik piyasa erişimini halka açık yatırım araçları üzerinden de ele alıyor. Bitwise Hyperliquid ETF’si (BHYP), raporun halka açık araçlar sepetinde yer alıyor. Bu ayrım önemli: ETF üzerinden sağlanan erişim, HYPE tokenının doğrudan kripto token sepetinde bulunmasıyla aynı şey değil.
Bu projelerin hepsi aynı fırsatı temsil etmiyor. Citrini’nin ortak tezi, tokenlaştırılmış finansal varlıklar yaygınlaştıkça bunların alım satımını, finansmanını ve risk yönetimini sağlayan protokollerin daha fazla ekonomik faaliyet çekebileceği yönünde.
Tokenizasyon Büyürse Altcoin Fiyatları da Yükselir mi? Citrini’nin raporundaki en önemli uyarı, artan işlem hacminin token sahiplerine otomatik olarak kazanç sağlamadığı yönünde.
Bir protokolün kullanıcı sayısı ve işlem hacmi artabilir. Ancak bu faaliyetlerden doğan ücretler doğrudan token sahiplerine aktarılmayabilir. Bu nedenle yatırımcıların yalnızca projenin ne kadar kullanıldığına değil, ne kadar gelir elde ettiğine ve bu gelirin nasıl dağıtıldığına da bakması gerekiyor.
Raporda likiditenin farklı blokzincirlere dağılması, güvenlik açıkları ve hukuki engeller de riskler arasında gösteriliyor. Bu sorunlar, tokenizasyonun yayılmasını yavaşlatabilir veya belirli platformların büyümesini sınırlayabilir.
Özellikle hisse fiyatını takip eden sentetik tokenlaştırılmış ürünler ayrı bir risk taşıyor. Bu ürünler, geleneksel hisselerin fiyat hareketlerine maruz kalma imkânı sunabilir; ancak yatırımcıya doğrudan mülkiyet veya oy hakkı vermeyebilir.
Citrini’nin değerlendirmesi, Bitcoin ve Ethereum’un değer kaybedeceğine dair kesin bir tahmin değil. Araştırma şirketi, Wall Street’in blokzincire geçişinden doğabilecek ekonomik faaliyetin farklı kripto projeleri için daha cazip fırsatlar yaratabileceğini savunuyor.
Yatırımcı açısından belirleyici olan, yalnızca tokenizasyonun büyümesi değil, bu büyümenin hangi protokollerde gerçek gelire dönüştüğü ve token sahiplerine ne ölçüde değer sağladığı. Bu nedenle Citrini’nin listesi kesin fiyat hedefleri olarak değil, iş modelleri ve gelir paylaşımı açısından incelenmesi gereken projeler olarak değerlendirilmeli.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
DFINITY Clears Early ICANN Hurdle for .icp Domain@dfinity's Internet Computer ($ICP) has passed an initial review stage set by @ICANN for the .icp generic top-level domain (gTLD), moving the application toward inclusion on the 2026 global sunrise registry candidate list. The milestone places the Internet Computer project among a competitive field of applicants seeking to reshape the domain name system.
The timing is significant.
Clearing the initial review is an early but meaningful step in a lengthy process. before any domain can go live.
What .icp Could Mean for the Decentralized WebThe practical implications of a live .icp domain extend well beyond a branding exercise. If the application progresses to delegation, the .icp extension would create a direct link between the traditional DNS root structure and the Internet Computer's end-to-end decentralized smart contract infrastructure. In practical terms, browser traffic could be routed directly to smart contracts and decentralized applications running on the network, removing the need for intermediary corporate web hosting or centralized domain registration services.
For a blockchain project, securing a native gTLD would represent a rare degree of legitimacy within the traditional internet governance framework.
The road ahead remains long. DFINITY's ability to sustain momentum through evaluation, any objections, and contracting stages will determine whether .icp ultimately enters the DNS root zone.
Sources:
ICANN Reveals Applications for 2026 Round of New Generic Top-Level Domains (PR Newswire)
ICANN New gTLD Program: 2026 Round (ICANN Official)
New gTLD Program (2026) Timeline and Details (ICANNWiki)
NEAR Protocol, son 30 günde yaklaşık %125 yükselerek piyasa değeri bakımından ilk 20 kripto para arasına girdi. Ancak Bitwise CIO’su Matt Hougan’ın ilgisini çeken yalnızca fiyat rallisi değil. NEAR Intents, 30 milyar doları aşan kümülatif işlem hacmine ulaştı ve bu yıl yaklaşık 45 milyon dolar ücret geliri üretme yolunda ilerliyor.
Hougan’a göre NEAR’ın yapay zekâ ajanlarına yönelik büyük hedefi gerçekleşmese bile proje mevcut işiyle değer yaratabilir. Yine de iki soru önemini koruyor: NEAR Intents büyümesini sürdürebilecek mi ve kısa süre önce yaşanan 3,8 milyon dolarlık güvenlik ihlali bu ivmeyi etkiler mi?
Bitwise NEAR’da Neden Fırsat Görüyor? NEAR, üçüncü çeyrekte yaklaşık %198 yükselerek Bitcoin ve Ethereum’dan daha güçlü bir performans sergiledi. Son 30 gündeki yaklaşık %125’lik artış da tokenı piyasa değeri sıralamasında ilk 20’ye taşıdı. Ancak Hougan, yatırım tezini yalnızca bu yükselişe dayandırmıyor.
NEAR kendisini “yapay zekâ için blokzincir” olarak konumlandırıyor. Uzun vadeli hedefi, yapay zekâ ajanlarının birbirleriyle işlem yapabildiği ve dış dünyayla etkileşim kurabildiği bir altyapı oluşturmak.
Bu vizyona yönelik temel eleştiri ise bugünkü kullanıcı tabanıyla ilgili. NEAR ağını hâlâ ağırlıklı olarak insanlar kullanıyor; yapay zekâ ajanları henüz kullanımın merkezinde değil.
Hougan için belirleyici nokta, projenin gelecekteki yapay zekâ fırsatına bağlı kalmadan da gelir üreten bir ürüne sahip olması. Bitwise yöneticisi, NEAR’a yatırım yaparken yalnızca yapay zekâ ihtimalini satın almadığını, mevcut bir blokzincir işine de yatırım yaptığını savunuyor.
NEAR Intents Nasıl Çalışıyor, Ne Kadar Gelir Üretiyor? Hougan’ın dikkat çektiği ürünlerden biri NEAR Intents. Platform, kullanıcıların cüzdanlar, köprüler ve borsalar arasındaki teknik karmaşıklıkla uğraşmadan farklı kripto ağları arasında işlem yapmasını sağlıyor.
İşlemlerin arka planında ise solver adı verilen piyasa yapıcı botlar bulunuyor. Bu botlar, kullanıcının talebini karşılayacak işlemleri gerçekleştiriyor. Böylece kullanıcı, farklı ağlarda işlemleri tek tek yönetmek zorunda kalmıyor.
NEAR Intents’in kümülatif işlem hacmi 30 milyar doları aştı. Hougan, ürünün bu yıl yaklaşık 45 milyon dolar ücret geliri elde etme yolunda ilerlediğini belirtiyor.
Bu gelirlerin bir bölümü token geri alımlarında kullanılıyor. Böylece ürünün faaliyetlerinden elde edilen gelirin bir kısmı NEAR token sahiplerine yönelik geri alım mekanizmasına aktarılıyor.
Hougan’ın değerlendirmesi burada önem kazanıyor. Yapay zekâ ajanlarının beklenen büyüklüğe ulaşmaması veya NEAR’ın bu pazardan sınırlı pay alması durumunda bile Intents’in mevcut ticari faaliyetleri yatırım tezini destekleyebilir.
3,8 Milyon Dolarlık Güvenlik İhlali NEAR İçin Risk mi? NEAR ekosisteminin yükseliş hikâyesine rağmen güvenlik tarafında önemli bir sorun da yaşandı. NEAR Intents, yaklaşık 3,8 milyon dolarlık kayıpla sonuçlanan bir güvenlik ihlaline uğradı.
Olayın ardından platform hizmetlerini durdurdu ve birden fazla blokzincirde yatırma ve çekme işlemlerini geçici olarak askıya aldı.
Projenin açıklamasına göre sorun, Omni yatırma-çekme sistemiyle NEAR Intents akıllı sözleşmesi arasındaki etkileşimden kaynaklanan bir yazılımsal hataydı. Ekip açığı giderdiğini ve etkilenen kullanıcıların zararlarını tamamen karşılayacağını bildirdi.
Bu olay, NEAR Intents’in artan işlem hacmi ve gelir potansiyelinin yanında güvenlik risklerinin de önem taşıdığını gösteriyor. Platformun kullanıcı güvenini koruması, büyümesini sürdürmesi açısından kritik olacak.
NEAR’ın yatırım hikâyesi artık yalnızca yapay zekâ anlatısına dayanmıyor. 30 milyar doları aşan işlem hacmi ve beklenen ücret geliri, projenin bugünkü faaliyetlerine somut bir zemin sağlıyor. Ancak tokenın yükselişini destekleyen bu tablonun kalıcı değere dönüşmesi, gelir üretiminin sürmesine ve güvenlik sorunlarının tekrarlanmamasına bağlı.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Shark Tank star and veteran investor Kevin O'Leary has publicly backed Avalanche, telling attendees at the 2026 Avalanche Summit in New York that he understands the merits of $AVAX and that major US companies are waking up to the advantages the network offers.
The official @Avax account shared a quote from @kevinolearytv following his appearance at the event, which took place September 16 and 17 at Chelsea Industrial in Manhattan. The endorsement arrived at a moment of notable momentum for the Avalanche ecosystem, with the summit drawing a heavyweight institutional crowd.
A Watershed Moment for Blockchain O'Leary's comments at the summit went beyond a simple vote of confidence in $AVAX. Speaking at the Avalanche Summit in New York, O'Leary said he is acquiring new cryptocurrency positions in anticipation of the next market cycle and is closely watching the adoption of blockchain technology by mainstream securities exchanges, calling that shift a significant "watershed moment" for the industry.
He highlighted that the key "watershed moment" for crypto will be when a major stock exchange formally adopts a blockchain, explicitly connecting this thesis to the Avalanche Summit. For O'Leary, Avalanche is already well placed to be that chain. He said the next phase of crypto investing lies in identifying which blockchains will achieve widespread adoption in specific sectors.
Institutional Weight Behind the Summit Avalanche Summit V returned September 16 to 17, 2026, to Chelsea Industrial in Manhattan, marking Avalanche's flagship annual gathering, organised by Ava Labs to bring together business and technology leaders driving the future of digital assets.
Confirmed speakers included Ava Labs CEO Emin Gun Sirer, alongside executives from major institutional names including BlackRock, Apollo, Franklin Templeton, and the NYSE, reflecting the event's push toward institutional blockchain adoption.
At Avalanche Summit New York, Ava Labs president Charley Cooper revealed that the New York Stock Exchange has spent roughly a year testing Avalanche's technology and working with Ava Labs on tokenization infrastructure. That disclosure added concrete weight to O'Leary's broader argument about institutional adoption accelerating.
Over two days in New York, Avalanche turned the stage into a live feed of institutional breaking news, covering topics from Ethena's Avalanche-exclusive neobank to South Korea committing its capital markets onchain, with asset managers from Janus Henderson to Goldman Sachs showing up with real allocations.
O'Leary's presence at the event, and the strength of his remarks, adds a prominent mainstream voice to a network that is increasingly positioning itself at the centre of the tokenized-assets conversation.
Sources:
KuCoin News: Kevin O'Leary Buys Crypto, Calls Blockchain Adoption a Watershed Moment
CoinMarketCap: Avalanche (AVAX) Surges 11% on Tokenization Momentum
Avalanche Summit New York: Official Event Page
Balance Sheet Clean-UpAVAX One Technology (@avax_one), the Nasdaq-listed firm (NASDAQ: AVX) that manages an Avalanche ($AVAX) digital asset treasury, has made a significant dent in its debt load.
The debt clean-up did come at a cost to existing shareholders. Separately,
A Three-Pillar Business Model
Sources:
AVAX One official press release via GlobeNewswire, October 7, 2026
Investing.com: AVAX One eliminates $14.9M debt, repurchases shares in Q3
AVAX One Technology Ltd. Form 8-K, SEC Filing
Securitize, Inc. (NYSE:SECZ) shares are trending on Thursday night
Securitize Launches 12 Tokenized US Stocks On SolanaShares of the Miami-based tokenization company jumped 9.92% to $13.92 in after-hours trading on Thursday, following its announcement that it is bringing 12 major U.S. stocks onchain through a new product called "Securitize Stocks."
According to the company, Securitize has chosen Solana (CRYPTO: SOL) as the first network for launching Securitize Stocks, with transactions settled in USDC (CRYPTO: USDC). The tokens are backed 1:1 by underlying shares and will trade on Securitize’s registered broker-dealer platform for eligible investors in the U.S., the EU and other permitted jurisdictions.
The initial lineup includes Apple Inc., Microsoft Corp., Nvidia Corp., Alphabet Inc., Tesla Inc., Meta Platforms Inc., Amazon.com Inc., Netflix Inc., Circle Internet Group Inc., Space Exploration Technologies Corp., Strategy Inc. and Palantir Technologies Inc.
Carlos Domingo, Chairman and CEO of Securitize, said, "Tokenized stocks should give investors more than a price on a wrapper that tracks a stock and is only offered offshore."
Trading Metrics, Technical AnalysisSecuritize has a market capitalization of $2.07 billion, a 52-week high of $17.01 and a 52-week low of $5.14.
The Relative Strength Index (RSI) of SECZ stands at 54.58.
The stock has gained 16.79% over the past 12 months.
SECZ is currently trading at 63.35% of its 52-week trading range.
Price Action: Shares closed on Thursday at $12.66, up 11.05%, according to Benzinga Pro data.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Solana is about to halve its block times as final 200-millisecond upgrade nears. (Solana)Summary
Solana plans to reduce its target block time from 250 milliseconds to 200 milliseconds at epoch 1053 on Friday, completing a series of cuts from 400 milliseconds since August.The upgrade will create five block-production opportunities per second, potentially speeding transaction updates, while lowering each block’s computing limit to keep overall processing capacity roughly unchanged.Faster blocks could reduce transaction delays and trading exploits, but they will increase validator voting demands, strain network connections and shorten the validity window for transactions.Solana is preparing to cut the time between blocks to 200 milliseconds on Friday, completing a series of upgrades that has halved the network's target block production time since August.
The final reduction, from 250 milliseconds, is scheduled to take effect at epoch 1053, expected around 15:00 UTC, according to Anza, the developer of Solana's widely used Agave validator software.
The change would allow the blockchain to target five block-production opportunities every second, compared with 2.5 under the original 400-millisecond configuration.
A slot is the short window in which a designated validator can add transactions to the blockchain. Shorter slots mean trading applications, wallets and exchanges can receive updated information more frequently, reducing the time a submitted transaction may spend waiting to be processed.
The changes began Aug. 21, when Solana moved to 350 milliseconds, followed by reductions to 300 milliseconds on Aug. 28 and 250 milliseconds on Sept. 18.
The technical proposal, known as SIMD-0525, also limits how much computing work validators can pack into each block.
At 200 milliseconds, each block can carry a maximum of 30 million compute units, down from 37.5 million at 250 milliseconds. Blocks arrive more frequently, but each carries proportionally less work, keeping the network's theoretical processing capacity roughly unchanged.
Read More: Solana transactions just got more than 3 times bigger, narrowing the gap with Ethereum
Validators will continue producing blocks in groups of four consecutive slots. Their uninterrupted window to order transactions will consequently shrink from 1.6 seconds under the original configuration to 800 milliseconds.
That could reduce opportunities to delay transactions or exploit prices that have moved on other exchanges before Solana catches up.
The faster clock also comes with costs. Validators that submit votes on every slot will need to do so about twice as frequently as under the original configuration, increasing voting expenses and placing greater pressure on network connections.
Wallets and other applications also have less time to use a recent blockhash, a reference included in transactions to prevent them from being replayed. The shorter validity window could complicate transactions requiring manual approval or offline signatures.
Actual network performance remains a testSolana Compass data shows the previous 250-millisecond configuration delivered average slot times of approximately 266 to 269 milliseconds across recent epochs, slightly slower than its target.
The final reduction has already been deployed on Solana's testnet and devnet. Developers have said the mainnet rollout depends on network conditions, particularly the rate at which validators miss their assigned block-production opportunities.
The transition is expected to occur at the epoch 1053 boundary on Friday.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Kripto piyasasında son 24 saatte 1,19 milyar dolarlık kaldıraçlı pozisyon tasfiye oldu. En büyük darbeyi Ethereum aldı. Ethereum pozisyonlarında 356 milyon dolarlık tasfiye yaşanırken Bitcoin tarafındaki rakam 298 milyon dolarda kaldı.
Ethereum‘un piyasa değeri Bitcoin’in beşte birinden daha küçük olmasına rağmen yaşadığı tasfiye miktarı Bitcoin’i geçti. Piyasadaki satış baskısını faiz beklentileri, İran gerilimi ve yapay zekanın kripto cüzdanlarına yönelik oluşturabileceği riskler artırdı. Bitcoin ise ABD Başkanı Donald Trump’ın İran’a yönelik olası saldırıyla ilgili açıklamasının ardından yeniden 82.000 doların üzerine çıktı.
Ethereum’de Tasfiyeler Neden Bitcoin’i Geçti? Ethereum, son 24 saatte tasfiye edilen pozisyonların toplam değeri bakımından Bitcoin’i geride bıraktı. Ethereum’de yaklaşık 356 milyon dolarlık pozisyon kapanırken Bitcoin’de bu rakam 298 milyon dolar oldu.
Ancak piyasa değerine oranlandığında fark daha da belirginleşiyor. Kaynağın aktardığı hesaplamaya göre her 1 milyar dolarlık piyasa değerine karşılık Ethereum’de yaklaşık 1,2 milyon dolarlık tasfiye yaşandı. Bitcoin’de ise aynı oran yaklaşık 180.000 dolar seviyesinde kaldı. Böylece Ethereum’un piyasa değerine göre tasfiye etkisi Bitcoin’in yaklaşık altı katına ulaştı.
Ethereum fiyatı bu süreçte %3’ten fazla gerileyerek yaklaşık 2.490 dolara inerken Bitcoin’in kaybı %1 civarında kaldı. Fiyatlardaki bu ayrışma, kaldıraçlı işlem yapan Ethereum yatırımcılarının daha ağır bir darbe aldığını gösterdi.
Kripto Piyasasında 1,19 Milyar Dolarlık Tasfiye Nasıl Gerçekleşti? Kripto piyasasındaki toplam tasfiye miktarı 1,19 milyar dolara ulaştı. Bunun 1 milyar doların üzerindeki kısmı yükseliş bekleyen yatırımcıların pozisyonlarından geldi. Bu yatırımcılar, Bitcoin ve diğer kripto varlıkların yükseleceği beklentisiyle işlem açmıştı.
Kaldıraçlı işlemlerde yatırımcılar, teminatlarının karşılayamayacağı büyüklükte pozisyonlar açabiliyor. Fiyat beklenen yönün tersine hareket ettiğinde borsa pozisyonu otomatik olarak kapatıyor. Bu işlem, özellikle fiyatların hızla düştüğü dönemlerde yeni satış baskısı yaratabiliyor.
Günün en büyük tekil tasfiyesi, merkeziyetsiz kaldıraçlı işlem platformu Hyperliquid üzerinde yaklaşık 20 milyon dolarlık Ethereum pozisyonunda yaşandı.
Diğer altcoinlerde de önemli kayıplar görüldü. Solana pozisyonlarında 71 milyon dolar, XRP’de 34 milyon dolar ve NEAR’da 25 milyon dolar tasfiye gerçekleşti. Diğer tokenların toplam tasfiye miktarı ise yaklaşık 119 milyon dolara ulaştı.
Bitcoin 82.200 Dolara Neden Yükseldi? Bitcoin, perşembe günü yaklaşık 83.200 dolardan 80.400 dolara kadar geriledi. Ancak ABD Başkanı Donald Trump’ın ara seçimlerden önce İran’a saldırı düzenlenmeyeceğini açıklamasının ardından fiyat yeniden toparlandı ve yaklaşık 82.200 dolara çıktı.
Bu toparlanma, düşüşün devam edeceğine oynayan yatırımcıları da zor durumda bıraktı. Son dört saatte tasfiye edilen yaklaşık 25 milyon dolarlık pozisyonun %78’ini Bitcoin fiyatının düşmesini bekleyen yatırımcılar oluşturdu.
Son bir saatte de yaklaşık 13 milyon dolarlık tasfiye yaşandı. Bunun yaklaşık 12 milyon doları kısa pozisyonlardan geldi. Fiyatın yükselmesiyle düşüş yönünde açılan işlemlerin kapanması, toparlanmanın hız kazanmasına katkıda bulundu.
Ancak Bitcoin henüz perşembe günkü satışların başladığı 83.000 dolar seviyesini geri kazanamadı. Kaynaktaki verilere göre fiyat, bu seviyenin yaklaşık 800 dolar altında bulunuyordu.
Fed ve İran Gerilimi Kripto Fiyatlarını Neden Baskıladı? Bitcoin’deki sert düşüşün arkasında birden fazla gelişme vardı. Fed toplantı tutanakları, yetkililerin çoğunun yıl sonundan önce yeni bir faiz artışı beklediğini gösterdi. Bu beklenti, riskli varlıklara yönelik iştahı zayıflatırken İran’da çatışmaların yeniden başlayabileceğine ilişkin haberler petrol fiyatlarını yukarı itti.
Ethereum araştırmacısı Justin Drake’in yapay zekaya ilişkin uyarısı da piyasadaki tedirginliği artırdı. Drake, yapay zekanın kripto cüzdanlarını koruyan kriptografik sistemleri beklenenden daha erken tehdit edebileceği konusunda uyardı.
Üstelik yatırımcılar hafta boyunca Bitcoin 83.000-87.000 dolar aralığında hareket ederken kaldıraçlı pozisyonlarını artırmıştı. Fiyat bu aralığın altına gerileyince çok sayıda pozisyon tasfiye oldu ve düşüş baskısı yoğunlaştı.
10 Ekim 2025’teki Büyük Tasfiye Yeniden Gündemde Piyasadaki sert hareketler, 10 Ekim 2025’te yaşanan tarihi tasfiye dalgasını da yeniden gündeme getirdi. O gün kripto piyasasında yaklaşık 19 milyar dolarlık pozisyon tek günde tasfiye olmuştu. Perşembe günü kaydedilen 1,19 milyar dolarlık miktar, bu tarihi toplamın yaklaşık 16’da birine karşılık geliyor.
Aradan geçen bir yıla rağmen kaldıraçlı işlemlerin fiyat hareketlerini büyütebilmesi, piyasadaki temel risklerden biri olmayı sürdürüyor. Bitcoin’in 83.000 dolar seviyesini yeniden kazanıp kazanamayacağı ve spot talebin güçlenip güçlenmeyeceği, kısa vadeli görünüm açısından önem taşıyor.
Ethereum tarafındaki 356 milyon dolarlık tasfiye ise tek başına kalıcı bir düşüşün başladığını kanıtlamıyor. Ancak piyasa değerine oranla yaşanan ağır tasfiye, kaldıraçlı pozisyonların fiyat hareketlerine ne kadar duyarlı hale gelebildiğini gösteriyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Kripto para piyasası üzerindeki satış baskısı sürerken Bitcoin, gün içinde 80.300 dolar seviyesine kadar geriledikten sonra yeniden 82.000 doların üzerine yükseldi. ABD Başkanı Donald Trump’ın İran’a yönelik olası askeri adımlarla ilgili açıklamaları, piyasalardaki toparlanmanın önünü açtı. Buna rağmen Bitcoin ve diğer büyük dijital varlıklar, son 24 saatlik performanslarında kayıplarını tamamen telafi edemedi.
Toplam piyasa değeri yüzde 1,10 azalarak 2,79 trilyon dolara geriledi. Bitcoin’in yeniden yükselmesi kısa vadeli satış baskısını hafifletse de Ethereum ve Solana gibi önde gelen altcoinlerde daha belirgin düşüşler görüldü. ETF piyasasındaki para çıkışları da yatırımcıların temkinli tutumunu ortaya koydu.
Bitcoin 80.300 Dolardan Nasıl Toparlandı? Bitcoin, günün erken saatlerinde 80.300 dolara kadar düşerek dikkat çekti. Ardından gelen alımlarla yükselen BTC, TSİ 08.47 itibarıyla 82.358 dolara ulaştı. Bu toparlanmaya karşın lider kripto para, 24 saatlik dönemde yüzde 0,54 değer kaybetti.
Diğer büyük kripto paralarda da benzer bir tablo oluştu ancak kayıpların büyüklüğü farklılaştı. Ethereum yüzde 3,06 düşerek 2.490 dolara gerilerken XRP yüzde 0,56 kayıpla 1,39 dolara indi. Solana ise yüzde 4,31 değer kaybederek 110,34 dolara düştü.
Gün içindeki toparlanma, piyasadaki bütün varlıkların yükselişe geçtiği anlamına gelmiyor. Veriler, bazı kripto paraların dip seviyelerinden uzaklaşmasına rağmen genel görünümün negatif kaldığını gösteriyor.
Trump’ın İran Açıklaması Piyasayı Nasıl Etkiledi? Bitcoin’deki yükseliş, Donald Trump’ın İran konusunda yaptığı açıklamaların ardından belirginleşti. Trump, ABD’de 3 Kasım’da yapılacak ara seçimlerden önce İran’a saldırı düzenlemeyeceklerini söyledi. İran’la yürütülen görüşmeleri verimli olarak nitelendiren ABD Başkanı, buna rağmen deniz ablukasının tüm gücüyle devam edeceğini belirtti.
Açıklamaların ardından Bitcoin’in 80.300 dolar civarındaki düşüşü durdu ve fiyat kademeli şekilde 82.000 doların üzerine çıktı. Ethereum, XRP ve Solana da gün içinde kaybettikleri değerin bir kısmını geri kazandı.
Jeopolitik gelişmeler, yatırımcıların risk alma isteğini kısa sürede değiştirebiliyor. Ancak açıklamaların ardından gelen toparlanma, satış baskısının tamamen ortadan kalktığını kanıtlamıyor. İran’la görüşmelerin seyri ve ABD’nin sonraki adımları, piyasaların yönü açısından izlenmeye devam edecek.
Altcoinlerde En Çok Yükselen Ve Düşenler Hangileri? Büyük kripto paralardaki kayıplara rağmen bazı altcoinler pozitif ayrıştı. Starknet (STRK), son 24 saatte yüzde 40,10 yükselerek dönemin en fazla değer kazanan varlığı oldu. Near Protocol (NEAR) ise yüzde 10,51 düşüşle en fazla değer kaybeden kripto para olarak öne çıktı.
Bu farklılaşma, genel piyasa düşüşünün bütün projeleri aynı ölçüde etkilemediğini gösteriyor. Yine de kısa vadeli yükselişler, tek başına kalıcı bir trendin başladığı anlamına gelmiyor. Yatırımcıların fiyat hareketlerini işlem hacmi ve piyasanın genel yönüyle birlikte değerlendirmesi gerekiyor.
Kripto ETF’lerinden Ne Kadar Para Çıktı? 8 Ekim tarihli fon verileri, spot Bitcoin ve Ethereum ETF’lerinde çıkışların sürdüğünü ortaya koydu. Spot Bitcoin ETF’lerinden 244,13 milyon dolar, spot Ethereum ETF’lerinden ise 72,54 milyon dolar net çıkış gerçekleşti.
Altcoin odaklı fonlarda ise farklı yönlerde akışlar görüldü. XRP ETF’leri 8,17 milyon dolar, NEAR ETF’leri 4,04 milyon dolar ve AVAX ETF’leri 2,52 milyon dolar net giriş aldı. Buna karşılık SOL ETF’lerinden 3,32 milyon dolar, ZEC ETF’lerinden 18,66 milyon dolar ve HYPE ETF’lerinden 9,70 milyon dolar net çıkış yaşandı.
BNB, TRX, DOGE, LINK, LTC, HBAR ve DOT ETF’lerinde ise herhangi bir fon akışı kaydedilmedi. Bu tablo, yatırımcı ilgisinin dijital varlıklar arasında farklılaştığını gösteriyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Solana co-founder Anatoly Yakovenko said that the Netflix FTX series fused three crypto founders into one person. By his account, the blend covers him, fellow co-founder Raj Gokal, and Ethereum co-founder Vitalik Buterin.
He shared the remark on X hours after the first trailer dropped. Yet Netflix built the drama around Sam Bankman-Fried and Caroline Ellison, and no announced cast member plays a Solana or Ethereum founder.
The Netflix FTX Series Centers on 2 Insiders, Not Blockchain FoundersNetflix confirmed the cast in a post on X. Julia Garner plays Ellison, while Anthony Boyle portrays Bankman-Fried in The Altruists, which premieres November 19.
All in. Every time. Julia Garner and Anthony Boyle star as Caroline Ellison and Sam Bankman-Fried in this limited series about the love scorned prodigies behind the FTX scandal.
The Altruists premieres November 19. pic.twitter.com/YOZILT9P5S
— Netflix (@netflix) October 8, 2026 Graham Moore and Jacqueline Hoyt run the series. Barack and Michelle Obama’s Higher Ground serves as a producer, and the scripts draw on New York Magazine reporting.
Solana also has its own FTX history. Before 2022, FTX and its sister trading firm, Alameda Research, ranked among the network’s best-known backers.
Yakovenko did not say which character he meant. However, he opened his post by saying the result was worse than he had expected.
Meanwhile, the real Ellison has kept a low profile. She recently resurfaced in a quiet charity job under a different first name.
The title nods to effective altruism, a movement that urges people to earn money and give it away. Bankman-Fried publicly cast his career as a way to fund that cause.
In contrast, prosecutors said Alameda took about $8 billion in FTX customer funds.
Industry Veterans Brace for a Glossy RetellingOther industry figures reacted to the Netflix FTX series in more personal terms. Alex Thorn, head of firmwide research at crypto financial firm Galaxy, admitted he will likely enjoy the dramatization.
Yet Thorn also called the FTX collapse the worst experience he has ever had in markets.
the sick thing is that i will definitely enjoy watching this glossy and entertaining dramatization of the most awful experience i’ve ever had in markets
what is wrong with me 🫠 https://t.co/r3v8R4SXaf
— Alex Thorn (@intangiblecoins) October 8, 2026 His mixed feelings reflect a saga that has not ended. A New York court sentenced Bankman-Fried to 25 years in prison in 2024. Now he has petitioned the Supreme Court to review his fraud conviction.
As a result, the Netflix FTX series arrives while the legal story stays open. From November 19, viewers can test Yakovenko’s claim for themselves.
FTX customers, however, had to wait until 2025 for their first repayments. Their claims were also valued at 2022 prices, even though crypto has climbed since then. For many of them, a glossy retelling of the collapse may be far harder to enjoy than for casual viewers.
Cardano founder Charles Hoskinson said Ethereum co-founder Vitalik Buterin is talking down rival encryption to protect his own research. He accused Buterin of “bag-holding too much hash-based crypto research” and being unable to back out.
The dispute goes beyond a feud between two founders. It touches how major blockchains plan to shield wallets from future quantum computers.
Why Hoskinson Says Vitalik Buterin Is Protecting His Own Bet 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 Buterin recently warned that AI-driven math breakthroughs could weaken lattice-based encryption. That is one of two main ways to protect wallets from quantum attacks.
His post favors the other option, hash-based designs, which Ethereum’s long-term plan already uses.
Hoskinson argued that Vitalik Buterin is too invested in that path to change course. In trading slang, a bag holder is stuck with an asset nobody wants to buy. Still, Hoskinson did not reject hash-based tools outright. He said they fit some uses but remain an “algebraic dead end” for more advanced features.
He also framed the warning as part of a pattern. In his view, Buterin’s posts have pulled developers away from good research before.
“He writes these damn posts that convince lots of engineers to abandon incredibly important research, and then we have to stumble back to it after years of false starts: Plasma, Ethereum 2.0, Casper, Accounts, etc etc etc. Now we are going to attack Lattices.”
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Which Chains Gain if Lattices Hold Up?Solana developers picked a lattice-based scheme for their quantum upgrade. Algorand already uses the same approach for parts of its network.
Hoskinson defended that choice against Vitalik Buterin’s doubts. He said researchers have attacked lattices for 40 years. Older hash tools, by contrast, have already fallen.
He also dismissed Buterin’s call for 10 times bigger keys as “numerology.” Hoskinson also argued that a vague AI threat can never be disproven. In his view, every year without a break simply becomes “not yet.”
The rivalry is not new. Earlier, Hoskinson claimed Ethereum was copying Cardano’s core design.
Cardano, meanwhile, has its own timeline in mind. Hoskinson recently put the odds of a quantum threat before 2033 above 50%.
As a result, the Hoskinson and Vitalik Buterin clash could shape which encryption major chains trust before quantum machines arrive.
Bitcoin (BTC), kripto para piyasasındaki dalgalanmalarla birlikte kritik fiyat seviyelerinde işlem görmeye devam ederken Bitfinex analistlerinden dikkat çeken bir değerlendirme geldi. Analistler, Bitcoin’in kısa vadeli yönünü belirleyebilecek en önemli seviyenin 84.000 dolar olduğunu vurguladı. Bu bölgenin korunması halinde 90.000 dolara doğru yükseliş ihtimali gündeme gelebilirken desteğin kaybedilmesi, satış baskısının derinleşmesine neden olabilir. Yatırımcıların odağında ise Bitcoin ETF akışları ve kritik destek seviyeleri bulunuyor.
Bitfinex Bitcoin İçin 84.000 Dolar Seviyesine Dikkat Çekti Kripto para borsası Bitfinex tarafından yayımlanan analize göre 84.000 dolar seviyesi, Bitcoin fiyatının gelecekteki hareketleri açısından önemli bir eşik olarak öne çıkıyor. Analistler, yaklaşık 769.000 BTC’nin 84.000 ile 84.500 dolar aralığında satın alındığını ve bu varlıkların toplam değerinin yaklaşık 64 milyar dolara ulaştığını belirtiyor. Bu yoğun maliyet bölgesi, Bitcoin’in yeniden toparlanabilmesi açısından kritik görülüyor. BTC fiyatının 84.000 dolar üzerinde kalıcılık sağlaması, alıcıların güç kazanmasına ve yükseliş beklentilerinin desteklenmesine yardımcı olabilir.
İlginizi Çekebilir: Ethereum’da Düşüş Alarmı: 2.100 Dolar Uyarısı!
Bitfinex analistleri, Bitcoin’in 84.000 dolar desteğini kaybetmesi durumunda fiyatın ilk etapta 82.600 ile 81.300 dolar arasındaki destek bölgesine gerileyebileceğini değerlendiriyor. Özellikle 81.300 dolar seviyesi, mevcut piyasa yapısının korunması açısından önemli bir sınır olarak gösteriliyor. Bitcoin’in bu bölgeden destek bulması halinde yeniden toparlanma ihtimali gündemde kalabilir. Ancak 81.300 doların altında kalıcı fiyat hareketleri görülmesi, satış baskısının artmasına ve 77.400 dolar seviyesinin yeniden test edilmesine yol açabilir.
Bitcoin 90.000 Dolara Yükselecek mi? Bitfinex, Bitcoin’in önümüzdeki dönemde izleyebileceği fiyat hareketlerini üç farklı senaryoyla değerlendiriyor.
İlk senaryoda BTC’nin 84.000 dolar üzerinde tutunması, spot Bitcoin ETF girişlerinin pozitif kalması ve kısa vadeli yatırımcıların satış baskısını artırmaması halinde 87.700 dolar direncinin aşılması bekleniyor. Bu durumda 90.000 dolar seviyesi yeniden gündeme gelebilir. İkinci senaryoda 84.000 doların kaybedilmesine rağmen 81.300 dolar desteğinin korunması, toparlanma ihtimalinin devam ettiği bir görünüm olarak değerlendiriliyor. Üçüncü senaryoda ise 81.300 doların kırılması ve ETF çıkışlarının hızlanması halinde düşüşün 77.400 dolara kadar derinleşebileceği belirtiliyor. Bitfinex analistleri, Bitcoin’de yaşanabilecek yeni bir satış dalgasının altcoin piyasasında daha sert fiyat hareketlerine neden olabileceği konusunda da uyarıyor. Özellikle Bitcoin’in 81.300 dolar desteğini kaybetmesi ve yatırımcıların riskli varlıklardan uzaklaşması, Ethereum (ETH), Solana (SOL), XRP ve diğer altcoinler üzerinde ek baskı oluşturabilir. Buna karşılık Bitcoin’in 84.000 dolar seviyesini yeniden kazanması ve 87.700 dolar direncini aşması, kripto para piyasasında risk iştahının toparlanmasını destekleyebilir. Bu nedenle yatırımcıların Bitcoin fiyatının yanı sıra ETF girişlerini ve genel piyasa hacmini de yakından izlemesi önem taşıyor.
Değerlendirme Bitfinex’in Bitcoin analizine göre 84.000 dolar seviyesi, kısa vadeli yükseliş ve düşüş senaryolarının merkezinde yer alıyor. Bu seviyenin üzerinde kalıcılık sağlanması, 87.700 ve 90.000 dolar hedeflerini gündeme getirebilirken 81.300 dolar desteğinin kaybedilmesi, 77.400 dolara doğru geri çekilme riskini artırabilir. Önümüzdeki süreçte Bitcoin ETF akışları, yatırımcı davranışları ve kritik teknik seviyeler, BTC fiyatının yönü açısından belirleyici olabilir.
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Securitize’s new stock tokens represent security entitlements backed by shares, while the companies whose stock appears on the tokens have not sponsored the offering.
Summary
Securitize launched tokens linked to 12 U.S. equities on Solana through its registered broker dealer, with trading initially during extended hours. The company says each token has one underlying share and carries applicable economic benefits, but a holder is not registered on the issuer’s shareholder list unless conversion occurs. The planned NYSE and OKXICE trading venues have not launched, and eligibility, liquidity and corporate actions depend on offchain arrangements. Securitize says backing shares will not be lent, while USDC serves as the settlement asset for the Solana trades. Dividend payments, voting instructions and conversion to direct ownership require processes beyond the token transfer. An Apple stock token on Solana can move through a blockchain transaction, but its legal claim runs through a securities intermediary. In its October 8 product announcement, Securitize says a token represents an Article 8 security entitlement backed one for one by an underlying U.S. share. Its disclosure is explicit: token holders are not registered shareholders of Apple or another underlying company unless they convert, and those companies have not endorsed the product.
The distinction changes what an investor needs to inspect. A blockchain can record the transfer of a token; a broker and its custody chain must preserve the matching claim on the stock. Dividends, voting, conversion and insolvency treatment follow contracts and securities law as well as code. The product’s launch is a practical way to examine where ownership sits in a market that promises shares onchain.
JUST IN: Securitize brings 12 major U.S. stocks onchain through Securitize's existing Solana PropAMM
Securitize launched Securitize Stocks on Oct. 8, giving eligible investors access to tokenized U.S. stocks, including Apple, Nvidia, Tesla and Amazon, backed 1:1 by underlying… pic.twitter.com/oEKPxg9lc4
— crypto.news (@cryptodotnews) October 9, 2026 Twelve stock entitlements launch on Solana Securitize Stocks initially includes security entitlements tied to Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta, Amazon, Netflix, Circle, SpaceX, Strategy and Palantir, according to the company. SpaceX is not an ordinary public stock and its presence calls for careful attention to the precise underlying interest and eligibility terms. The release labels the initial products as entitlements to shares under its offering; readers should inspect product documentation for each ticker rather than infer identical market access from a list.
The launch uses Solana and settles transactions in USDC. Securitize Markets, a registered broker dealer, offers the initial trading service; the firm says its Solana PropAMM infrastructure and Jump Trading will support market making. Trading begins during extended hours, with around the clock access described as a plan. Eligible investors in the U.S., EU and other permitted markets must pass onboarding, identity and sanctions checks.
The company says the token is backed by a share, is not a price only synthetic instrument, and carries applicable economic rights. It says the backing shares will not be lent. Investors may eventually be able to convert an entitlement to direct ownership on an issuer’s register when an issuer adopts sponsored tokenization and the necessary transfer agent arrangements exist. A planned route should not be described as universal instant convertibility on launch day.
Securitize expects its tokens may trade on a proposed NYSE digital venue and the OKXICE venue in the future. Its own legal disclosure says neither venue has launched and trading there remains subject to reviews and approvals. A reader should separate the live broker dealer offering from future market structure announcements.
A claim through the brokerage system In the conventional U.S. indirect holding system, many investors do not appear as individual names on a public company’s shareholder register. They hold securities through a broker and receive a protected entitlement against the intermediary. Article 8 of the Uniform Commercial Code supplies the legal framework for that relationship. Securitize says its token represents such an entitlement held through Securitize Markets, rather than direct registration in Apple’s books.
The SEC staff’s January statement on tokenized securities distinguishes securities tokenized by issuers from those tokenized by unaffiliated third parties. In one third party model, an underlying share sits in custody and a token represents an indirect interest via a security entitlement. In another, a third party issues a separate product that merely gives synthetic exposure to a stock price. The rights can differ considerably even if both tokens display the same ticker.
A holder of a backed entitlement has a claim arising from the intermediary’s duty to maintain the corresponding securities and honour instructions under applicable rules and agreements. The blockchain entry may be integrated into the intermediary’s official entitlement records or may trigger an offchain update. The SEC staff describes both possibilities. Securitize’s exact recordkeeping and reconciliation procedures are essential details; a token balance alone cannot explain all legal steps between the customer and issuer register.
Earlier coverage of another Article 8 tokenization proposal described how a customer can have an entitlement even though a nominee remains the registered owner. Securitize’s arrangement needs to be judged by its own custody documents. The familiar securities law term does not mean the customer has become a direct registered Apple shareholder.
Who owns the actual Apple share? Securitize says each token is backed by an underlying share and held through its brokerage structure. Its disclosure says the entitlement holder is not on the underlying issuer’s shareholder register before a conversion. The legal chain can include brokers, custodians and clearing arrangements. Identifying the precise registered holder and how shares are segregated requires the product’s customer agreement and clearing disclosures.
A one for one backing claim is stronger than an unsecured bet on price, but its effectiveness depends on ongoing reconciliation. The intermediary must ensure tokens outstanding do not exceed the underlying positions attributable to holders. It must account for minted and burned tokens as shares enter or leave custody, address failed settlements and correct operational errors. A public blockchain can show token supply; it cannot alone prove the offchain custody account contains the matching shares at every moment.
If the intermediary or a custodian fails, the customer would rely on the legally recognised security entitlement and applicable protections, not a magical right to take a certificate from a blockchain validator. Brokerage custody and investor protection rules may apply; their exact operation depends on the legal entity, customer account, location and cause of loss. Securitize Markets identifies itself as a FINRA member and SIPC member in its release, but SIPC coverage has limits and is not insurance against a market decline.
The underlying issuers have not sponsored or endorsed these Securitize tokens, according to the company’s disclosure. Apple is not promising to monitor the Solana smart contract or redeem a token directly from an unknown wallet. The tokenization provider is responsible for the bridge between the token holder and the conventional rights attached to shares.
Dividends and votes require an intermediary Securitize says the entitlements preserve applicable economic benefits, including dividends and, where the class carries them, voting rights. Cash paid by an issuer enters the securities infrastructure and must be passed through the intermediary chain to the entitled customer under the product terms. A token transfer close to a record date introduces questions about how the intermediary identifies the holder entitled to receive a dividend or give voting instructions.
Corporate actions are more varied than quarterly dividends. Stock splits require an adjustment in the number of shares and corresponding tokens. A merger may deliver cash, securities of another issuer or a choice between them. Spin offs and tender offers can produce rights that do not immediately fit an existing token format. The operator needs a policy for each event and a way to communicate instructions to the person legally recognised as holding the entitlement at the relevant time.
Voting can depend on an intermediary collecting customer instructions, submitting them through the chain and reporting the outcome. A governance button inside a wallet would not by itself establish that Apple received a shareholder vote. The article should distinguish an entitlement to transmit voting instructions from the practical mechanism through which instructions reach the company.
A product linked to a private company may have additional transfer limitations, valuation questions and eligibility requirements. SpaceX is an example where the name alone cannot tell a buyer how the underlying interest is held. Marketing language that groups public stocks and private shares together can hide material differences in liquidity and shareholder rights. Each instrument’s offering documents should control the description.
Extended hours come before 24 hour trading No. Securitize says launch trading is during extended hours, with a move toward 24/7 availability planned. Users face onboarding, KYC, sanctions and jurisdiction checks. A compatible Solana wallet does not grant everyone a lawful brokerage account or permit unrestricted secondary trading of a regulated security.
A market maker can provide quotes outside the primary exchange’s regular hours, but price discovery may be thinner when the underlying share is not trading. Earlier analysis of tokenized stock pricing gaps described how quotes may widen around company news, exchange halts or periods when the provider cannot hedge its inventory. A token’s blockchain transfer might settle quickly while the economic price still depends on conventional stock market information and offchain risk management.
Securitize’s launch market uses a proprietary automated market maker with Jump Trading. The term automated does not remove the need for a broker, eligibility controls or a supply of underlying securities. Liquidity depends on capital, market maker obligations and customers on both sides. A venue can record trades transparently while spreads and inventory constraints remain substantial.
The SEC’s September innovation exemption establishes conditional relief for qualifying tokenized securities venues, including limits on symbols and volume, issuer notice for unaffiliated tokenization, rights parity and trading halts linked to the underlying stock. Earlier reporting on the five year SEC exemption describes its temporary scope. Securitize says initial trading on its registered broker dealer platform does not depend on that exemption. Its planned venue participation remains a separate future matter.
What if trading in the underlying share halts? A token may still exist onchain during a stock exchange halt, but a regulated trading venue has to consider the underlying halt and investor protection. The SEC’s conditional venue exemption requires a participating venue to stop tokenized stock trading when the underlying NMS stock stops on its primary listing market. Initial broker trading may have its own applicable controls. Anyone promising continuous trading needs to state how suspensions and corporate events are handled.
A transfer between eligible parties during a halt is conceptually distinct from a venue matching trades at a quoted price. Token contract rules and broker account records may restrict both. Permissioned access can allow compliance checks and corrections, while reducing the open transferability familiar from ordinary crypto tokens. A journalist should ask whether off platform wallets can hold and transfer the token, and what happens when an ineligible recipient receives one.
If a customer loses a private key, a recovery process may involve freezing or reissuing an entitlement after legal and identity checks. The exact mechanism is not stated in the company release. It cannot be assumed that losing a wallet permanently destroys the underlying share, nor that a support desk can effortlessly reverse an onchain trade. The customer agreement and smart contract design determine what can be repaired and who has authority to do it.
The product settles in USDC, introducing a payment asset distinct from the stock. A trading interruption, depeg or custody problem with settlement funds would be a separate operational risk. Investors should understand whether proceeds remain in a brokerage cash account, a token wallet or a third party stablecoin arrangement after a sale.
Direct registration remains a future route Securitize describes a convertible entitlement token, or CET. If the underlying issuer later adopts issuer sponsored tokenization, a holder may be able to exchange the entitlement for shares recorded directly on the company’s books through transfer agent partnerships. The conditions matter: issuer participation, eligible investor status, settlement arrangements and the availability of a live conversion route.
Issuer sponsored tokenization differs from a third party entitlement. The company’s own register, or a system integrated with its transfer agent, would reflect the shareholder position. An entitlement token backed by conventional stock instead represents a claim through an intermediary. Both can be securities; neither is defined merely by the blockchain chosen to record it.
The SEC taxonomy explains why one token’s transfer can change the issuer’s master shareholder file while another token’s transfer changes an intermediary’s entitlement ledger. Securitize’s promise of future conversion is therefore not a cosmetic wallet update. It changes the legal record and perhaps the party responsible for communicating investor rights.
A conversion might require surrendering or burning the entitlement token and delivering a registered position. The operator would need to prevent simultaneous claims on a backing share. It would also have to reconcile fractions, pending trades and corporate actions. Until product terms specify the operational route, the safe description is that conversion is contemplated when available, not that every token currently redeems directly at Apple’s transfer agent.
JUST IN: Securitize partners with KB Securities and Optimism to explore tokenized securities in South Korea
The partnership aims to combine KB Securities’ distribution network, Securitize’s regulated tokenization infrastructure and Optimism’s blockchain technology to expand… pic.twitter.com/IvDffLfrrt
— crypto.news (@cryptodotnews) September 23, 2026 Can the token be used as DeFi collateral? Securitize says the tokens are designed for potential use in supported lending and collateral markets, including Aave. Potential is the important word. A lender would need an asset it can legally take, price and liquidate if a borrower defaults. Eligibility restrictions, possible trading halts and the relationship between the token and an offchain share complicate an automatic liquidation.
A liquidator may be able to seize an onchain token but unable to sell it through a regulated venue without completing onboarding. A smart contract might price the token from the underlying stock, yet the live market could be closed or thin. Risk parameters would need to reflect weekend price gaps, corporate actions, transfer restrictions and the solvency of the intermediary holding shares. Aave’s expression of interest in Securitize’s announcement does not establish that every listed token is already accepted as collateral.
Backpack’s separate plan for Solana stock tokens illustrates the industry’s interest in bridging brokerage accounts and DeFi. Different legal wrappers can assign different redemption rights and transfer restrictions, even on the same blockchain. Securitize’s entitlement should not be conflated with a token from another issuer that merely tracks Apple’s price.
Backing needs reconciliation and records A strong disclosure package would identify the holder of record for each underlying share, the custody chain, how many tokens exist and how often reconciliation occurs. It would describe what happens after insolvency, a mistaken token transfer, a market halt and a split. Investors would need to know which legal entity owes them performance in each jurisdiction and where a complaint can be made.
Actual corporate action records could demonstrate how dividends are paid and votes transmitted. A published policy can promise rights; the first dividend, proxy vote and conversion will show whether the operational route works at scale. Researchers should compare claims in marketing materials with customer agreements, broker statements and the underlying share inventory disclosures when available.
The distinction matters because Robinhood has discussed adding voting and in kind redemption to its own stock tokens. A feature about ownership should describe the rights of the specific product on launch, rather than assume every provider offers the same bundle. Stocks onchain are a category of structures, not a single legal instrument.
Where can a token holder challenge an error? A blockchain explorer can show an event, but a customer dispute can involve more than whether a transfer reached a wallet. A mistaken account credit, a missing dividend or an incorrect corporate action belongs in the broker’s records and complaint process. The intermediary should be able to reconcile the onchain balance with the legally recognised entitlement and correct records where the governing rules permit. An independent explorer cannot adjudicate the customer’s contractual claim.
A failed broker or custodian would trigger questions about segregation, records and the location of backing shares. The relevant rights arise under securities and insolvency law, not from Solana consensus alone. A visible token does not grant priority over a properly documented claimant if the intermediary’s ledger and token balances conflict. Conversely, an enforceable entitlement can survive an outage of a display service if records can be reconstructed. Product disclosures should explain which record is authoritative.
Cross border customers face another layer. Securitize says offerings are available in the United States, European Union and other permitted jurisdictions, subject to restrictions. The legal entity, governing law, transfer agent route and complaint venue can differ. The phrase global access cannot be read as identical treatment for every wallet worldwide. Restricted persons and locations remain excluded even if tokens are visible on a public network.
Solana settlement still relies on brokers A blockchain can speed the transfer of a token and settlement asset between eligible participants. It does not eliminate the need to hold the underlying share, route dividends, process splits, screen users and comply with securities rules. Securitize names broker dealer, clearing, custody, market making and transfer agent functions in its own product description. Investors gain a different transfer interface while continuing to rely on identifiable firms.
Solana fees and transaction times describe one leg of the process. The underlying stock may settle, transfer or convert through systems with other timetables. A token appearing in a wallet need not mean a backing share moved between registered holders at the same moment. Reconciliation links the two. Investors should distinguish token finality from completion of every contractual and custody obligation attached to the entitlement.
The proposed NYSE digital market and OKXICE venue could change access and hours if launched. Both plans require their own review, and the company warns trading there may not occur. OKXICE has separately sought approval for tokenized stock listings. The product currently available should be assessed using its live broker terms, not a forecast of future exchange infrastructure.
What to watch Custody records. Look for disclosures showing where backing shares sit, who holds them and how outstanding tokens are reconciled with those positions. Dividends and votes. The first corporate actions will show how Securitize passes economic benefits and voting instructions through its brokerage structure. Conversion terms. Check whether any underlying issuer adopts direct registration and which token holders can use the conversion route. Trading conditions. Compare spreads and available liquidity during extended hours with the underlying stock market, especially around earnings and halts. Venue approvals. NYSE and OKXICE trading remain planned; published approvals and launch notices would establish whether either route becomes available. FAQs Is the token an actual Apple share? It is a token representing a backed security entitlement to an underlying share through an intermediary. A holder is not directly registered with Apple by holding it.
Is it only a synthetic price bet? Securitize says each token is backed one for one by a share and carries applicable rights, unlike a product that merely tracks price.
Can anyone with a Solana wallet buy it? No. Access requires eligibility, identity checks and compliance with applicable securities rules.
Is trading available 24 hours a day? Initial trading is during extended hours. Around the clock trading is planned, not established at launch.
Does the token pay dividends? Securitize says applicable dividends pass through, subject to the product’s terms and recordkeeping.
Can I vote at Apple’s annual meeting? The company says voting rights follow where applicable; practical voting requires intermediary instructions and a functioning proxy process.
Can I convert it into a directly registered share today? The company describes a future route where available through issuer sponsored tokenization. Its announcement does not establish universal immediate conversion.
Has the NYSE digital venue launched? No. Securitize’s announcement says planned NYSE and OKXICE venues have not launched and may not receive all needed approvals.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 9, 2026.
Solana (SOL) traded near $110.46 on October 9, slipping approximately 4% in the past 24 hours. The cryptocurrency briefly touched an intraday low of $105.87 before paring some losses, according to data from Investing.com.
Standard Chartered revises price targetsStandard Chartered, a major international banking group based in London, reaffirmed its year end target of $250 for SOL in its latest digital asset outlook. The projection implies a gain of about 126% from its current price, indicating significant upside in less than three months.
The bank’s digital-assets research division, led by Geoffrey Kendrick, adjusted its 2026 target for Solana earlier in the year, reducing it from $310 to $250. Despite this short-term downgrade, the team increased long-term expectations for the token.
Standard Chartered now forecasts SOL to reach $400 in 2027, $700 in 2028, $1,200 in 2029, and $2,000 by 2030. Kendrick and his team noted that Solana is evolving away from a reliance on memecoin trading, shifting toward a focus on stablecoin-driven micropayments.
Mini dictionary: Standard Chartered is a multinational banking and financial services company headquartered in London and operates in more than 60 countries globally. Its digital-assets team provides specialized research and forecasts on cryptocurrency markets.
Standard Chartered anticipates that Solana will shift from memecoin trading activity toward increased adoption of stablecoin-based micropayments in the coming years, with long-term targets as high as $2,000 by 2030.
Short-term price action and technical levelsSOL’s recent decline has pushed the coin below technical support levels in the $117 to $120 range, which had previously acted as a key area for buyers. On October 8, the latest selloff drove Solana under $110 before rebounding slightly amid renewed buying interest near $106.
During the session, SOL fell by 5.79%, following a 3.67% decline the previous day. The $110 level has emerged as a critical zone for traders as bulls and bears contest short-term market direction.
If Solana succeeds in regaining the $117 threshold, market observers believe sentiment could improve, and a return above $120 may open the door for retesting September’s highs. The area between $117 and $120 remains a key technical resistance that traders are watching closely after SOL’s earlier breakout above $110.
YearStandard Chartered Target ($)20262502027400202870020291,20020302,000Standard Chartered’s technical analysts emphasized that a sustained recovery above $117 would strengthen the outlook for SOL, while a move above $120 could bring previous highs back into focus.
As market volatility persists, traders continue to monitor key support and resistance levels for Solana while weighing Standard Chartered’s upward targets for the coming years.
Solana is about to finish halving its block time. The network’s target slot time falls from 250 milliseconds to 200 milliseconds Friday, the final step of a staged rollout documented on Solana’s upgrade page, with the change scheduled to take effect at epoch 1053 — expected around 15:00 UTC, according to Anza, the developer of the Agave validator client. SOL was trading near $110, down roughly 4% over the past 24 hours on broader market weakness, according to CoinDesk market data.
The reduction completes a seven-week push that has brought slot times down from 400 milliseconds, doubling how often blocks can be produced. The series began in August, when Solana cut its slot time to 350 milliseconds in its first reduction since genesis.
Four Steps From 400ms to 200ms Solana moved to 350 milliseconds on August 21, then 300 milliseconds on August 28 and 250 milliseconds on September 18. The final 200-millisecond step is the fourth feature gate proposed in SIMD-0525, the network’s improvement document for reduced slot times. At 200 milliseconds, Solana targets five block-production opportunities every second, up from 2.5 under the original 400-millisecond design. Each block, however, carries a lower computing budget — a maximum of 30 million compute units, down from 37.5 million at 250 milliseconds — so overall processing capacity stays roughly unchanged.
Why Shorter Slots Matter A slot is the window in which a designated validator can add transactions to the chain. Shorter slots mean wallets, exchanges, and trading applications receive updated ledger state more frequently, trimming the time a submitted transaction can sit waiting to be processed and narrowing the window in which prices can move on other venues before Solana catches up. Solana’s upgrade page also frames the change as a censorship-resistance measure: validators produce blocks in groups of four consecutive slots, and a leader’s uninterrupted ordering window shrinks from 1.6 seconds to 800 milliseconds.
The move is part of Solana’s push to sharpen its latency edge against competing chains. Solana’s upgrade page describes the reduction as making the protocol more competitive in terms of latency, drawing on performance improvements to validator clients, particularly in Turbine and Replay. Those gains are what allow validators to replay and vote on blocks within the tighter 200-millisecond window.
The Cost to Validators Faster blocks are not free. Validators must vote more often, raising compute and bandwidth demands, and the window for replaying each block tightens. The blockhash expiration window — still 150 blocks — now passes faster in wall-clock terms, falling to roughly 30 seconds at 200 milliseconds from about 60 seconds at 400 milliseconds, leaving less slack for offline signing flows that wait on human confirmation. Because of those trade-offs, each 50-millisecond step has its own feature gate and activates independently, with the network holding the next reduction if block-skip rates climb too high.
What Happens Next Once the 200-millisecond step takes effect, Solana’s block-time reduction is complete. The upgrade does not move SOL’s price by itself: the token’s roughly 4% drop over 24 hours tracks a broader pullback that also sent ether down about 2.5% and bitcoin down about 0.6%. Institutional activity on Solana has kept building, with Securitize putting 12 U.S. equities onchain on Solana this week. No application migration is required, though code that converts slot counts into wall-clock time now converts at a different rate.
Frequently Asked Questions What is Solana’s block time now? Solana’s mainnet slot time is currently 250 milliseconds. It drops to 200 milliseconds in the final step of the rollout, completing a reduction from the original 400 milliseconds.
When does Solana’s 200ms block time go live? The 200-millisecond reduction is scheduled to take effect at epoch 1053, expected around 15:00 UTC on Friday, October 9, according to Anza.
Why is Solana reducing its block time? Shorter slots deliver faster transaction updates to wallets, exchanges, and trading applications, and they narrow the window in which a single validator controls block ordering — a benefit Solana frames as censorship resistance.
Will faster blocks make Solana process more transactions? Not directly. Each block carries a lower compute budget, so although blocks arrive more frequently, the network’s overall theoretical processing capacity stays roughly unchanged.
Does the upgrade affect SOL’s price? The network upgrade is separate from SOL’s market price. SOL traded near $110 on October 9, down roughly 4% over 24 hours on broader market weakness, according to CoinDesk data.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
THORChain has a fascinating history. It has processed an awful lot of ex-hack and ex-theft money over the years. The project lied about being decentralized for years. The leader could not appear more suspicious if he tried.
So when Bitget asked THORChain to block some addresses following an attack on Bitget and THORChain refused on technical grounds THORChain was not breaking new ground. What followed was an incredible interview with a so-called "expert" packed wall-to-wall with errors. And some technical commentary that made far more nuanced, less damning and far harder to adjudicate points. This measured commentary was also far less consequential in that the claims were not of any sort of grand illegality. They sat in stark contrast to the high profile interview riddled with problems. And most of the public chatter here is either unreasonably negative on THORChain but short on accuracy, or unreasonably positive on THORChain and also short on accuracy.
We are going to try to untangle this mess. The real story, in our view, has three essential plot points. First up: yes, THORChain was completely centralized and the team lied about this for years. Almost surely crimes were committed, even if only of the generic "unlicensed money transmission" flavour that nobody seems to care about anymore. We will sketch this a little bit below but, really, this is old news and not relevant to current activities. The team put themselves in a bad spot by lying for years.
Second: THORChain is not run by the best imaginable group of software engineers and their procedures and such look a bit sloppy. They also have a long history of security problems and some of the way they deal with their own shortcomings – they absolutely have a solid history of building defective software! – is less than ideal. This is a problem across web3 and in our view the THORChain team are no less competent than their self-described "expert" critics.
And third: the attacks on THORChain's current operation are mostly borne of ignorance, built atop falsehoods and misrepresentations, and fail to recognize that applying the same standards to other projects is to call many many large services outlaw. As we will see, if THORChain's current setup is outlaw then surely a large number of other large projects are too.
So here is a story of people that live in glass houses and seem to want to start a stone-throwing fight.
HistoryFor years THORChain had central admin keys that held pretty much arbitrary control over the platform. We published a relatively detailed technical piece in September 2024 working through much of this. To us this was old news at that time. Many of the code changes linked in that piece date to 2020 and 2021. All of that code was, and remains, public. The team lied in English about decentralization but the code was always out there.
We were not the only people to know about this of course. But it does look like nobody else ever bothered to publish an explanation that a half-technical person could actually follow.
Then in February 2025, shortly before the ByBit hack, THORChain announced it was removing these admin controls. That was an admission of sorts that they had always existed and that many accusations the platform was not decentralized were in fact correct.
Reasonable people can disagree over how long following this change it took for the admin controls to properly disappear. The THORChain network runs in epochs with governance processes that extend far longer than a single block. So this is not exactly like a Bitcoin change. And it is not even like a change to Ethereum staking or finality where 10s or 100s of blocks across minutes to maybe hours are sufficient to be sure the change has fully cleared. But this was initiated in February 2025 and was certainly well finished long before, many months before, 2026 began.
So none of the technical features of THORChain's centralized admin were relevant in September 2026. Claiming these things – which absolutely did exist for years – are relevant in a technical discussion of Bitget's request to THORChain is to admit you do not know what you are talking about. Do these prior bad acts maybe help establish a pattern of dishonesty? Sure. And it is reasonable to question if the team is lying now because the team was lying back then. But it is wrong to take proof of past lies as proof current statements are also untrue.
Current SetupTHORChain as of now is an odd system. It is sometimes accused of being a mixer. But it is not a mixer. It does not do a good job at obfuscating flows. Yes the recordkeeping is a bit messy and things could be more accessible. But all the transactions are visible and nothing like a mixer sits in the mix.
What THORChain actually provides is distance, not obfuscation. THORChain is effective for money laundering for two reasons. First, it allows transactions directly to Bitcoin where flows can then be mixed fairly easily. And second, large exchanges accept deposits from THORChain as clean in ways which frankly baffle us.
We discussed this in the New York Times in November 2025. A huge amount of ETH from the ByBit hack poured straight into THORChain. The hackers swapped to BTC and whoever they were trading with kept depositing those ETH to Binance. Presumably the hackers' trading counterparty was swapping those ETH back to BTC to reload THORChain. And round and round it went. It was easy to see this in real-time.
Binance accepted the ETH deposits from THORChain because...yeah we do not know why. As we told the New York Times "Even a bad — maybe even defective — screening tool would spot" that these were hack proceeds. But THORChain is a "legit" service and web3 does not have a problem with fund provenance from services with bad reputations so long as they are not actually mixers. Or at least that was the case in early 2025. Is it still true? We do not know. THORChain still is not a mixer but maybe some services will stop accepting inflows from there. Who knows.
Anyway, as of now THORChain is as decentralized as many other services. We will go through a bit of that shortly. But first it is worth looking at a few of the technical claims about the current setup that have been made to explore how false they are.
The Confused "Expert"First, we have an "expert" claiming THORChain is a closed-source permissioned project based on this chat excerpt:
https://x.com/tayvano_/status/2105515560935239710Important context here is that Dinosauruss is asserted to be an attacker that eventually joined THORChain as a node operator and successfully attacked the protocol. The chat transcript shows someone struggling to successfully join the network and asking for help on a Discord channel. This was interpreted as follows:
he was unable to churn in actually 😂 😂he tried for weeks and then he had to.......join the discordthats how you have his discord handle and id and know its himhe had to go into discord and share his addresses and info and beg to be let into the super secret room to get the real client codelmao lol hahahahhahahahaWe will take this line-by-line because it is important. The processing of "churn in" is how THORChain rotates node operators. Then we find a claim it took weeks to get the software working so they could churn in. And that they joined some Discord chats to ask for help and in fact some some help.
Finally, the claim is that this user was unable to join the network until they were allowed into a "super secret room" to get "the real client code."
If true that would be a problem. If you can only join a network by getting access to secret source code then it is not an open network. But this claim is not really true. Yes, THORChain has some odd embargo processes around security problems. But let's look at an actual release, v3.18.0, with code published May 9th, where the discussion above occurred just days before this release:
Given the dates this is the upcoming release discussed in the screenshot above.The release shipped as private binary, with the code to build the release made available at latest by May 9th and an expected production release date of May 12th. Does that mean only certain people could see the "security patches" while they were being developed? For at least some of the time yes it sure does. Does that mean less than 100% of development was done in the open? It sure does. But the code was released before production deployment. All code sits on the developers computer for some period of time before it hits the public. What matters is if the code is public before it gets put into production.
It is simply false that having some kind of security embargo policy renders your project closed-source. We need only present the Linux kernel Embargoed hardware issues policy to prove this beyond all doubt. If your definition of open source excludes Linux then your definition is wrong. So security embargoes and limited periods of non-public code development are accepted. This is not even a situation where the code was released post-deployment. Yes it was not available pre-deployment for as long as it could possibly have been available but that is a far cry from a process where one must "beg to be let into the super secret room to get the real client code."
Yes there is a little bit of complexity around the a library that does some of THORChain's internally developed cryptography. A small bit of code is, the team claims temporarily, not open source because it is security-critical and has had a lot of vulnerability problems. As discussed elsewhere in this column there are small closed-source components to many large web3 systems. And given the track record of bad security software development at THORChain the team does not have a lot of good options with respect to their vulnerable cryptography software. We view this as a minor mark against the team and anyway nothing worse than examples provided below. Once the team made the bad decision to roll their own cryptography the die was cast for problems in the general vicinity.
Now, if somebody wants to claim that web3 projects are only entitled to exemptions from various financial regulations when 100% of development is done in public they are certainly welcome to do so. But this is not only a bar far higher than that accepted by the software industry in general – it is a bar that will exclude nearly everything in web3 production use today. The expert we are addressing here works at MetaMask and as we have documented before parts of MetaMask are not open source and have been closed for years while used in production.
GoPlus's Soft Claimsweb3 security firm GoPlus published a piece claiming THORChain has never been strictly decentralized. The first clue this might be a weak argument is the use of "strictly." They did not even decide to lead with some clickbit but already took a soft position. We applaud GoPlus for being honest. And we also want to throw a little shade in their direction for making a noisy entrance without much real content.
The strictest definition of a decentralized protocol we can think of is that it is impossible for anyone to identify a sufficiently large group of participants such that it would be possible to compel the group to make changes to the protocol. In this "strict" sense Bitcoin is not decentralized because we can easily identify enough pool operators to pass 51% of the network and someone could, for example, visit their offices.
Would it be easy to force them to make some changes which are likely bad for Bitcoin? Who knows. But "strictly" can reasonably be interpreted to mean "can we get these changes put through if bring guns to a bunch of pool operators' offices and threaten to shoot them?" And then the answer is "yes." Now this would swap unlicensed money transmission for something a bit harder as the crime of interest but, again, GoPlus said "strictly." If "wrench attacks" are considered a reasonable threat model for securing self-custody then they are surely also a reasonable threat model for strict decentralization.
Most of GoPlus' specific complaints, numbered 2 through 5, all amount to "there is a smallish group that can collude to make arbitrary changes to THORChain." This is true and true of nearly every web3 project. We are not going to debate whether large mining pools render Bitcoin centralized – we are just going to say that using "strictly" as a weasel word here is a sign they know the argument is weak. Every product with a security council has this problem. In some sense everything with a multisig has this problem.
But GoPlus' first claim that "TSS vaults ≠ base-layer consensus" is worth discussing. THORChain uses a different architecture than many bridges and L2s and other things which connect blockchains to other blockchains. The Threshold Signature Scheme (TSS) used by THORChain is odd. Roughly speaking, funds within the THOR ecosystem sit within multisigs where some threshold of "validators" needs to approve outflows. GoPlus claims this is not the same as a "base layer consensus" scheme where the blockchain itself validates individual signatures and all you need to move assets is your own private key on top of a working blockchain. But validators sign blocks as produced, and blocks as produced include user transctions. Without block production transactions do not flow.
For an L1 there is a real difference in form here even if not in function. But for an L2 or a bridge or anything in that general area this is really no different than something like an odd sequencer design. A sole sequencer in an L2 is just a TSS where the threshold is the one sequencer. If you have some more distributed scheme then it is just a TSS where the T is however many parties need to approve a transaction or withdrawal. We will talk about Hyperliquid a bit below but suffice it to say Hyperliquid can be thought of as a dumb TSS too.
Now for an L1 or an L2 or a bridge is there a substantive difference between the validators having the collective ability to block or censor transactions vs a TSS where some quorum of validators need to actively approve (certain kinds of) transactions? If there is a difference it is small. But even acknowledging this is a legitimate question is to acknowledge Arbitrum, base, Hyperliquid, Polygon, Starknet and many many other projects are less decentralized than THORChain. Why? Because participating in the THORChain validation process is less gated than joining a security council or having a team-controlled emergency multisig.
Certainly THORChain is more decentralized than any of those things. There are complaints that THORChain's 100-ish nodes are really operated by only 10s of people. Maybe. Maybe not. Arbitrum froze funds using a 9-of-12 multisig. If your histrionic moaning does not even claim a T below 9 for the TSS yet you defend the Arbitrum action what are you even doing?
If anyone wants to take the position current THORChain is "clearly" an illegal custodial scheme they are arguing a huge swathe of web3 is also outlaw. We have a lot of sympathy for the last point there. A lot of the products named in the preceding paragraph, and others to boot, are in our view obviously illegal custodial schemes. And that can be true with current THORChain sitting on either side of the line. Be careful what you wish for.
ComparisonsThe best two comparisons here to show that current THORChain is not too bad are base and Hyperliquid. Is this a relativist argument? Yes. We are arguing that anyone that wants to paint current THORChain as completely beyond the pale must take the same position with respect to many other projects to reveal themselves to be a hypocrite. We expect the later to be the real explanation. But for now we will just focus on facts.
baseWe first wrote in August 2023 about base looking like a centralized, custodial system. We wrote a follow-up in July 2026 noting that essentially no progress had been made and the project's public comments over the interim 3 years admitted all our claims were true.
base's problem is that Coinbase controls all the levers and all the money. And Coinbase-controlled infrastructure not only holds all the funds in its sole custody and control, but Coinbase has actively rolled back the chain to address problems before and otherwise used its absolute central authority. Industry coverage generally acknowledges base is just a custodial service run by Coinbase with a bit of gratuitous software on top.
And the entire thing is built around a sole sequencer that needs to keep pushing out messages for bridging transactions to Ethereum to work. Yes, there are mechanisms to work around the Coinbase-operated infrastructure. But that infrastructure can also upgrade the code instantly at any time and take all the funds for itself if it wants. Coinbase has more power over base than the THORChain developers do over THORChain. It is not even close.
In THORChain the risk is the TSS does not give you your funds because the T is not met. In base the risk is that Coinbase decides it wants your money. Those are not identical but they sure are fairly similar. THORChain is, in our view, better.
HyperliquidThis one looks remarkably like THORChain only worse and more extreme. Hyperliquid takes the possible issues and oddities with THORChain and replaces them with clearly-out-of-bounds simplifications. To get your money off Hyperliquid one of the designated system validator addresses needs to approve your withdrawal through a two-step process. This is a TSS. And as discussed at that link it is a TSS gated by a permissioned set of validators.
And it gets much worse. THORChain may have some embargo issues and the processes for sharing code may not be ideal. But Hyperliquid is just straight-up closed source. There is no debate on this point: Hyperliquid's code is not available to the public.
THORChain also has some kind of strange on-chain governance processes where parameters can be changed and votes are taken and the like. We are not going to get too deeply into the details here because what really matters for the comparison is that Hyperliquid's on-chain governance is supposed to be mediated by a dispute resolution process. But that process is restricted to the team itself and approved participants. So external parties simply cannot participate at all. Again, THORChain's wonky and not-perfect schemes are clearly more open than Hyperliquid's smoke filled back room. The schemes are not even close.
One of the core complaints about THORChain quoted above, once corrected for clear errors and false statements, is that it is awfully difficult for external parties to follow along and participate because the code is often released with little notice and the system is fiddly to run. Those are real gripes and fair enough. But they are qualitatively different from a system that simply does not allow external participation at all and does not publish source code at all.
DiscussionTHORChain has a long history of misrepresenting how it works and processing funds straight out of hacks and thefts. THORChain has a lot issues. The THORChain team almost surely has open legal liability.
But that does not mean every complaint about THORChain today is accurate or reasonable. And it certainly does not mean current THORChain is a particularly outlaw product. This is not an effort to defend THORChain or apologize for past bad deeds by the team. It is just being honest about what is happening today. Does doing better today excuse past bad conduct? Not really. But again, it is only fair to attack the team for what they actually did not what you dreamed up they are still doing.
When compared against a lot of major, respected, services today current THORChain looks pretty good. This is maybe 50% because THORChain has improved a lot and 50% because a huge fraction of current services are also misrepresenting the degree to which they remain outlaw. Maybe that should be 60/40 or 20/80 or some other mix. Maybe you view the mix differently. But there is clearly a large measure of both components at play here.
Today THORChain and the team behind the project are in kind of a tough spot because of their past behaviour. Admitting you did lots of crimes before but changed the system as a way of defending against allegations you are criming today...that has obvious problems as a defense strategy.
But we really do not see that they have any choice. THORChain's best course of action is to compare the functionality of the system today and in the past to other more-respected systems with similar problems. There are only two ways the THORChain team avoids law enforcement: staying below the radar or looking like they were doing the best they could and hoping the high level plan is not to arrest everybody. If the plan is to arrest everybody they are already screwed. And staying below the radar screen has not been a viable strategy for some time. Our advice to the THORChain team is based on the simple premise that you must play the cards you are dealt.
So honestly and openly describing how THORChain is of a piece with many other web3 products out there is just about all they can do. We hope they make an effort in this direction primarily because – full disclosure here – it will be very amusing to watch people squirm. Will this likely involve making statements about illegal behaviour by other large projects which are generally considered to be good actors? Yes it will. Is that good for "web3" as a whole? Who knows. But the rest of the ecosystem brought this on themselves by accepting funds out of THORChain when it was clearly an outlaw service and then turning around and unfairly attacking it for things it did not do. Game on then it would seem.
Major cryptocurrencies Zcash (ZEC), Ethereum (ETH), Shiba Inu (SHIB), and Hyperliquid (HYPE) are confronting crucial support zones after notable declines. Traders are closely watching these levels for potential rebounds or the risk of further losses.
Zcash (ZEC) struggles near critical supportZcash, a privacy-focused cryptocurrency, is now trading at $1,190, marking a sharp drop from its September peak of $1,700. The past week brought accelerated losses, with the price unable to reclaim $1,340 and quickly sliding toward the current level.
As of now, ZEC sits atop the blue and cyan moving averages near $1,180, which defined the last major support during September’s rally. This area is significant for buyers aiming to defend the ongoing trend. If ZEC closes below $1,180, analysts anticipate a potential move to the $1,050–$1,100 zone, where the mid-September pullback previously stabilized. A steeper drop toward the orange average at $960 or the distant $735 support would reflect a much deeper correction in the trend.
Momentum has weakened, as seen by the Relative Strength Index (RSI) falling to 40, a level not reached in several weeks. While overall trading volume remains low, renewed buyer engagement will be necessary to avoid a more severe drop.
ZEC faces a make-or-break moment: holding $1,180 could trigger a move back up to $1,340, while a close below $1,180 will likely open the way for further losses toward $1,050.
A daily close above $1,340 would suggest strengthening bullish momentum, whereas a close under $1,180 would reinforce the bearish outlook.
AssetCurrent PriceSeptember HighKey SupportKey ResistanceRSIZcash (ZEC)$1,190$1,700$1,180$1,34040Ethereum (ETH)$2,525$2,800$2,500$2,70042Shiba Inu (SHIB)$0.00000542$0.00000627$0.00000529$0.0000056545Hyperliquid (HYPE)$85.76$98$84$88.5047Ethereum (ETH) tests psychological level at $2,500Ethereum, the second-largest blockchain network by market capitalization, has slid to $2,525 after starting the day near $2,700. Despite several attempts, ETH has been unable to break above the September top at $2,800, reinforcing the importance of this resistance zone.
The $2,500 level now represents a psychologically significant support. A daily close above $2,550 may indicate renewed bullish interest. Below $2,500, the $2,400 area and the September low at $2,350 mark the next strong support. The $2,300–$2,335 area, where the orange and black averages congregate, provides a notable cushion for the price, correlating with the ongoing uptrend from August.
Volume increased across the recent decline, reflecting active selling, while the current RSI reads 42, underscoring weak momentum but not extreme overselling conditions. A daily close under $2,500 could send ETH toward $2,350, potentially disrupting its higher-low pattern and pressuring the trend further.
ETH must remain above $2,500 to keep its uptrend intact; otherwise, it risks descending back to the $2,300–$2,350 range.
Shiba Inu (SHIB) and Hyperliquid (HYPE) face chart-defining momentsShiba Inu is currently valued at $0.00000542 after a recent drop pushed the price below its key long-term average at $0.00000565. This marks a critical test for the memecoin, with the next support at $0.00000529. Should this floor break, the next stop is between $0.00000500 and $0.00000510, setting up a possible revisit of September’s $0.00000474 low.
Recent declines occurred with moderate volume and an RSI of 45, reflecting bearish sentiment but not panic conditions. A move back above $0.00000565 would help restore bullish hopes, while a drop below $0.00000529 would confirm additional downside risk.
Hyperliquid, a decentralized trading platform offering perpetual swaps and derivatives, has experienced a pullback to $85.76, after reaching a high of $94 this week. Despite the correction, HYPE holds above all its major moving averages and support at $84 remains intact. The RSI stands at 47, signaling neutral momentum. If the price maintains above $84, the uptrend may continue, but a daily close below $83.70 could force a deeper retracement toward the $78–$79 zone.
Mini dictionary: Hyperliquid is an onchain, decentralized exchange that specializes in derivatives trading and perpetual contracts, aiming to provide a seamless and scalable trading experience without relying on traditional centralized infrastructure.
Continued resilience above $84 could prompt another rally to $88.50, followed by $94 and a potential challenge of the $98 high. Conversely, sustained weakness would invalidate this setup and increase the risk of reaching lower support levels at $78 and $75.
PANews, October 9 – As the institutional market gradually moves toward a model that separates custody from trading, Bitget is continuing to expand its open custody and off-exchange settlement infrastructure for institutional clients, offering institutions more flexible options for asset custody, capital management, and trading access.
Bitget has now established partnerships with institutions including Copper ClearLoop, Cactus Custody Oasis, Fireblocks Off Exchange, OSL MirrorEX, Bitfire PrimeMirror, and Sygnum Protect, meeting the differentiated needs of various types of institutions in areas such as asset segregation, custody options, settlement efficiency, and liquidity access through diversified custody and settlement models.
Bitget CEO Gracy Chen said: "Different types of institutions have different needs when it comes to custody, settlement, and capital management. Through open and compatible infrastructure, Bitget hopes to enable institutions to choose custody and settlement solutions that suit their own operating models, achieving asset risk segregation while improving capital efficiency and liquidity access capabilities."
This expansion is also an important part of Bitget's UEX strategy. Institutional services will remain a strategic priority, providing institutions with more asset management and trading access options through an open and scalable custody and settlement network, further improving capital efficiency across different assets and markets, and accelerating the convergence of crypto assets and tokenized traditional financial infrastructure.
Tehran’s sanctions-busting oil trade entrusted billions of dollars to middlemen, and not all of it has come back. Plus, the push for digital sovereignty is causing big headaches for multinational companies.
Dow Jones Risk Journal, October 9, 2026 at 09:30 AM UTC
On this week’s show: International sanctions have made it almost impossible for Tehran to sell its oil and get paid through the conventional financial system. So, Iran built a network of middlemen to sell crude and bring the proceeds back into the country. But, Iranian authorities are now investigating hundreds of those brokers over money that hasn’t come back, amounting to potentially billions of dollars.
Laura James of Oxford Analytica takes us inside Tehran’s troubled scheme.
OpenAI and Anthropic are competing to recruit former Trump administration officials, as the AI industry accelerates its efforts to secure support from Washington.
According to CNBC, OpenAI and Anthropic are recruiting former Trump administration officials for senior roles to strengthen their ties with the U.S. government. As advanced AI technology is increasingly viewed as a national security issue, both companies are ramping up their political affairs operations to address policy impacts including regulation, federal government procurement, supply chain risk designations, and export controls. So far this year, Anthropic has hired at least two former Trump administration officials: former White House Deputy Chief of Staff Chris Liddell joined its board in February, and Sihao Huang, a former senior policy advisor at the White House Office of Science and Technology Policy (OSTP), joined the company in September to lead its advanced computing strategy. OpenAI has also recently hired several former government officials, including Thomas Lind (who oversaw AI policy at the White House Office of the National Cyber Director), Dean Ball (who helped draft the Trump administration’s “American AI Initiative”), and Peter Bowman-Davis (former chief AI officer at the U.S. Department of Health and Human Services). Anthropic previously had a public conflict with the U.S. Department of Defense, and in September, a U.S. appeals court upheld its supply chain risk designation. Since then, Anthropic CEO Dario Amodei has recently met with Trump and other AI industry executives to try to ease tensions with the administration. Analysts note that as AI companies face increasingly complex regulatory and national security requirements, government relations have become a key part of industry competition. Both companies are currently hiring multiple political affairs-related roles to gain greater influence in U.S. AI policy-making.
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AI ranking platform Arena raises $200 million, valuation nearly doubles in 10 months.
Insight Beating AI News: AI model leaderboard Arena has completed a $200 million Series B funding round, valuing the company at $3.1 billion. The round was co-led by Lightspeed Venture Partners and Khosla Ventures, with participation from Salesforce Ventures, a16z, and other investors. Back in January this year, Arena had just closed a $150 million Series A round at a $1.7 billion valuation. Originating from a research project at the University of California, Berkeley, Arena initially let users anonymously compare responses from different AI models and generate leaderboards via voting. Now, the company is rolling out paid evaluation and analysis services for model providers and enterprises. Arena reported its annual recurring revenue (ARR) has grown from $30 million in January to $100 million in June. Currently, the platform draws tens of millions of monthly visitors. Official disclosures show the platform has accumulated 350 million sessions and 62 million votes to date, covering tasks including text, programming, image, and video. Alongside the funding, Arena also launched a new AI Agent security leaderboard, the Alignment Index. This leaderboard analyzed over 90,000 real sessions across 27 models, checking for unauthorized operations, misinterpretation of user requests, or false task completion reports by AIs. OpenAI models took all top five spots, with GPT-6.1 Sol leading at 87.9 points. The study also found that 48% of code debugging sessions involved false completion claims.
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Polychain is leading Network School's new funding round, with the company valued at $2 billion.
Polychain Capital founder and CEO Olaf Carlson-Wee announced at the Network State Conference that Polychain is leading Network School’s new financing round, which values the company at $2 billion. Participating investors include Andreessen Horowitz (a16z), Coinbase, and Balaji himself, among other institutions and individuals; the specific amount raised was not disclosed. Carlson-Wee noted that Polychain’s investment strategy does not focus solely on incremental improvements, but rather targets projects that leverage new business models or technologies to solve problems in innovative ways. He expressed anticipation for participating in Network School’s funding round, adding that he has known and collaborated with Balaji for over a decade.
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Bithumb's listing of South Korean won (KRW) trading pairs drove XDP to surge over 24% in a short period.
According to HTX market data, XDP surged more than 24% in a short period due to Bithumb’s launch of KRW trading pairs, and is now trading at $0.0243.
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Rising storage prices have hit iPhone demand, prompting Apple to cut component orders for its new iPhone models, with AAPL down nearly 2% in pre-market trading.
According to Nikkei Asia citing supply chain sources, Apple has requested some suppliers to cut parts orders for the iPhone 18 Pro and Pro Max, with October order volumes reduced by at least 15% from original plans, mainly due to rising memory chip costs and weaker-than-expected demand for the new models. This adjustment may be interpreted by the market as a reverse impact of expanding AI storage demand on the consumer electronics sector. AI data centers continue to compete for memory chip production capacity, driving up prices of DRAM and NAND. The starting price of Apple’s new high-end iPhone is $100 higher than the previous generation, which, while passing cost pressures to consumers, further suppresses end-user upgrade demand. However, the report notes that the order changes may also relate to Apple adjusting its iPhone new product launch rhythm, and cannot be directly equated with year-on-year declines in actual sales. Apple has not yet officially confirmed the relevant order-cut news. Affected by the news, Apple’s U.S. stock fell nearly 2% in pre-market trading. According to TradingBeats monitoring, the AAPL perpetual contract on Hyperliquid has fallen back to around $334.
2 minutes ago
Bithumb to list XDP/KRW trading pair
According to an official announcement, Bithumb will list the XDP/KRW trading pair.
Ultra, a Brooklyn robotics startup that rents robots to warehouses the way you might rent a forklift, has raised $62 million. It also expanded its partnership with Physical Intelligence, the AI company building software that serves as a robot’s brain.
The $62 million came in two parts. The bigger piece is a $50 million Series A led by Framework Ventures, with Y Combinator also participating.
The rest is an earlier $12 million seed round. Y Combinator and Next View led that one.
Ultra was founded in 2024, which makes this a fast climb. Going from founding to a $50 million Series A in about two years is quick even by startup standards.
The company builds dual-arm stationary robots called Operator, or OP1. They handle packing, sorting, and kitting tasks inside e-commerce warehouses.
Kitting, for the uninitiated, means bundling several items into a single package. Think of a subscription box that needs a shampoo, a conditioner, and a sample serum dropped in together.
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Ultra says its robots have packed over 500,000 orders at sites across the US. One notable deployment sits at Highline Commerce in Brooklyn, where the robots handle up to 30% of the company’s fulfillment volume.
Setup is also built for speed. Ultra’s robots are designed to be installed in a matter of hours, not the weeks or months a full automation overhaul can demand.
Where Physical Intelligence fits in Ultra makes the bodies. Physical Intelligence, often called Pi, supplies the brains.
Pi is a San Francisco company, also founded in 2024. It builds what are called vision-language-action models, or VLAs.
Pi’s π0.6 model reportedly hit 96.4% autonomy during full shifts in real-world warehouse settings. That figure comes from deployment data released in February 2026.
Pi is not a small player in this space. Its valuation reached $5.6 billion after a $600 million Series B in November 2025.
So the partnership pairs a young hardware company with one of the better-funded AI software firms in robotics. Ultra gets a capable brain without building one from scratch.
Why the rental model matters Ultra’s robots-as-a-service approach, sometimes shortened to RaaS, lowers the upfront cost for warehouse operators, who might otherwise balk at buying machines outright. The model also gives Ultra room to raise prices as it proves its value.
What this means for robotics and its backers The deal highlights a split that is becoming common in robotics: software and hardware developed by different companies. Pi focuses on the general-purpose brain, while Ultra focuses on practical hardware for a narrow, well-defined job.
The flip side is that improvements to Pi’s models could, in principle, make Ultra’s existing fleet better without new hardware.
For investors, the round signals continued appetite for robotics companies that can show revenue, not just research. Ultra’s 500,000-plus orders and its Highline Commerce deployment give backers something concrete to point to.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
Aptos is proposing one of the most significant overhauls to its tokenomics since the network launched, with a package of measures designed to push $APT toward a deflationary supply model.
210 Million APT Locked, Supply Capped at 2.1 Billion The centrepiece of the plan is the permanent lock of 210 million APT tokens. The Foundation plans to permanently lock and stake those tokens, representing about 18% of current supply, and would not sell or distribute them. Staking rewards generated by the locked holdings would instead be used to fund foundation operations. The Aptos Foundation has described the move as "functionally equivalent to a token burn."
Alongside the lock, the proposals would introduce a hard ceiling on total supply. One proposal is to set a hard cap of 2.1 billion tokens, as APT currently has no maximum on its total supply. There are currently 1.196 billion APT in circulation. One billion APT was minted at mainnet, and 196 million APT has been distributed as staking rewards since then. With a hard supply cap of 2.1 billion, this leaves 904 million APT of headroom, or approximately 43% of the total cap.
A potential buyback programme is also on the table. The Foundation is considering a buyback programme funded by cash reserves and future revenue.
Staking Cuts, Fee Hikes, and the Role of Decibel Annual staking rewards are being cut roughly in half, from about 5.19% to 2.6%. Fewer tokens paid out to stakers means slower growth in new supply. The decrease is expected to be paired with a future governance proposal that would offer higher reward rates to users who commit to longer staking terms, while short-term stakers would be subject to the 2.6% rate.
Gas fees are going up tenfold. All of those fees will be burned, meaning tokens used to pay for transactions are removed from circulation permanently. The Foundation claims that even after the increase, network fees would "still be the lowest in the world at around $0.00014."
The Decibel exchange is expected to play a key role in driving burns. The planned Decibel decentralised exchange may introduce significant burn dynamics, and at scale the protocol could burn more than 32 million APT annually, creating a deflationary component tied directly to ecosystem activity. The overarching goal is for token burns to outpace new issuance, tipping $APT into net deflation over time.
Future grants have also shifted to performance-triggered distributions tied to strict KPIs, transitioning the network from high-yield incentives that previously attracted yield farmers to mechanics that reward actual network usage and growth. The full set of proposals still requires community approval before taking effect.
Sources:
Crypto Briefing: Aptos overhauls tokenomics with 10x gas fees, halved staking rewards, and a 2.1B APT hard cap
CoinTelegraph: Aptos eyes tokenomics overhaul to scale APT deflation
The Defiant: Aptos Pivots Tokenomics Towards Performance-Driven Deflation
Aptos Foundation, APT token ekonomisini değiştirmek için yedi maddelik plan açıkladı. Plan, 210 milyon APT’nin kalıcı olarak kilitlenmesini, staking ödül oranının %5,19’dan %2,6’ya düşürülmesini ve işlem ücretlerinin 10 kat artırılmasını içeriyor.
Vakıf ayrıca APT için 2,1 milyar tokenlık arz tavanı öneriyor. Amaç, yeni token arzını azaltırken ağ faaliyetlerinden kaynaklanan yakımları artırmak. Ancak bazı değişiklikler henüz yönetişim onayı bekliyor.
Aptos APT Arzını Neden Değiştirmek İstiyor? Aptos’ta yaklaşık 1,196 milyar APT dolaşımda bulunuyor. Vakıf, ağın ilk dönemindeki büyümeyi destekleyen emisyon modelini değiştirerek token dağıtımını ağ performansına bağlamak istiyor.
Yatırımcılar ve çekirdek katkıda bulunanlar için dört yıllık kilit açılım döngüsü Ekim 2026’da sona eriyor. Vakıf, bunun yıllıklandırılmış token kilit açılımlarını yaklaşık %60 azaltacağını öngörüyor. Hibe dağıtımlarının da 2026’dan 2027’ye geçerken yıllık bazda %50’den fazla düşmesi bekleniyor.
APT Staking Ödülleri ve İşlem Ücretleri Ne Olacak? Aptos Foundation, yıllık staking ödül oranını %5,19’dan %2,6’ya indirmeyi ve ağdaki gas ücretlerini başlangıçta 10 kat artırmayı yönetişim sürecine taşımayı planlıyor. Ayrıca daha uzun staking taahhütlerine daha yüksek ödül oranları verilmesini değerlendiriyor.
Aptos’ta işlem ücretleri APT ile ödeniyor ve kalıcı olarak yakılıyor. Ücret artışı, işlem faaliyetiyle birlikte yakılan token miktarını yükseltebilir. Vakıf, 10 kat artıştan sonra bile stablecoin transfer ücretinin yaklaşık 0,00014 dolar seviyesinde kalacağını öngörüyor.
210 Milyon APT Neden Kilitlenecek? Vakıf, 210 milyon APT’yi kalıcı olarak kilitleyip stake edeceğini açıkladı. Bu miktar, mevcut dolaşımdaki arzın yaklaşık %18’ine karşılık geliyor. Tokenlar satılmayacak veya dağıtılmayacak; ağın güvenliğini desteklemek için stake edilecek.
Ayrıca vakıf, APT için 2,1 milyar tokenlık kesin arz tavanı getirilmesini öneriyor. Mevcut dolaşımdaki miktara göre bu sınıra ulaşmadan önce yaklaşık 904 milyon APT’lik alan bulunuyor. Öneri kabul edilirse bu tavanın üzerinde yeni token üretilemeyecek.
Decibel Yılda 32 Milyon APT Yakabilir mi? Aptos üzerinde geliştirilen merkeziyetsiz borsa Decibel, token yakımının artırılmasında önemli rol oynayabilir. Platformdaki emir verme, eşleştirme ve iptal işlemleri doğrudan zincirde gerçekleşiyor ve gas ücreti tüketiyor.
Vakıf, Decibel’in gelecek yıl 100’den fazla piyasaya ulaşması halinde yılda 32 milyon APT’den fazla yakabileceğini öngörüyor. Bu rakam gerçekleşmiş sonuç değil, belirli büyüme varsayımlarına dayanan bir tahmin.
Planın diğer maddeleri arasında gelecekteki hibeleri ölçülebilir performans hedeflerine bağlamak ve vakfın gelirleriyle finanse edilebilecek programatik bir APT geri alım mekanizmasını değerlendirmek de bulunuyor.
APT Arzı Deflasyonist Hale Gelecek mi? Aptos Foundation, yakılan APT miktarının yeni dolaşıma giren tokenları aşmasını hedefliyor. Staking ödüllerinin düşürülmesi, daha yüksek işlem ücretleri, Decibel’in faaliyetleri, kalıcı kilit ve performansa bağlı dağıtımlar bu hedefi desteklemek üzere tasarlandı.
Ancak APT arzının ne zaman deflasyonist hale geleceği henüz belli değil. Sonuç, yönetişim önerilerinin kabul edilmesine ve ağ kullanımının büyümesine bağlı olacak. Yatırımcılar için önemli göstergeler, resmi oylamalar ile Decibel’in gerçekleşen işlem hacmi ve token yakım verileri olacak.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
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Pendle, Wall Street’in zincir üstü finansal işlemlere yönelik artan ilgisiyle birlikte yeniden gündeme geldi. Citrini, projeyi gerçek dünya varlıkları (RWA) alanındaki önemli bir ikincil yatırım fırsatı olarak değerlendirdi. Bu yaklaşım, geleneksel finans kuruluşlarının blok zinciri tabanlı çözümlere yönelmesinin Pendle gibi merkeziyetsiz finans (DeFi) projeleri açısından yeni fırsatlar yaratabileceğine işaret ediyor. Altcoin piyasasında öne çıkan Pendle ne vaat ediyor?
Citrini’nin bu değerlendirmesi, tokenleştirilmiş varlıkların finans piyasalarındaki rolünün değişebileceği bir dönemde geldi. Kurumsal yatırımcıların zincir üstü finansal ürünlere ilgisinin artması, Pendle’ın sektördeki konumunu güçlendirebilir. Ancak bu ilginin işlem hacmine ve fiyat performansına nasıl yansıyacağı henüz netleşmiş değil.
Citrini’nin Pendle Değerlendirmesi Neden Önemli? Citrini, Pendle’ı Wall Street’in zincir üstü işlem altyapılarına yönelmesinden dolaylı biçimde fayda sağlayabilecek altcoin projeleri arasında gösteriyor. Kullanılan “ikincil RWA yatırımı” tanımı, Pendle’ın gerçek dünya varlıklarının doğrudan tokenleştirilmesinden ziyade bu alandaki büyümeyi destekleyebilecek bir konumda değerlendirildiğini ifade ediyor.
Bu ayrım önemli. Finans kuruluşlarının blok zinciri üzerinde işlem yapmaya başlaması, yalnızca doğrudan varlık tokenleştirme projelerini değil, bu varlıkların yönetimi ve finansal getirilerinin değerlendirilmesiyle ilgili DeFi çözümlerini de gündeme taşıyabilir.
Citrini’nin açıklaması, Pendle’ın bu dönüşümde nasıl bir rol üstlenebileceğine yönelik ilgiyi artırıyor. Bununla birlikte, söz konusu değerlendirme tek başına kurumsal yatırımcıların projeye yatırım yaptığı veya belirli bir iş birliğinin gerçekleştiği anlamına gelmiyor.
Pendle Finance Gerçekte Ne Yapıyor? Pendle Finance, merkeziyetsiz finans ekosisteminde getiri sağlayan varlıkların tokenleştirilmesine odaklanıyor. Platform, kullanıcıların getiri üreten dijital varlıklarını farklı finansal işlemlerde değerlendirebilmesine yönelik bir altyapı sunuyor.
Bu model, DeFi alanında varlıkların ve gelecekte sağlayabilecekleri getirilerin daha esnek biçimde ele alınmasını mümkün kılmayı amaçlıyor. Geleneksel finans kuruluşlarının zincir üstü piyasalara yönelmesi durumunda, bu tür finansal araçlara duyulan ilgi de artabilir.
Pendle’ın Citrini tarafından öne çıkarılması, projenin yalnızca mevcut DeFi kullanıcıları açısından değil, geleneksel finans ile blok zinciri teknolojisini bir araya getiren daha geniş piyasa dönüşümü bakımından da değerlendirildiğini gösteriyor. Yine de bu potansiyelin gerçek bir büyümeye dönüşmesi, piyasanın gelişimine ve platformun bu değişime ne ölçüde uyum sağlayacağına bağlı.
Pendle İşlem Hacmi Ve Likidite Nasıl Etkilenebilir? Citrini’nin değerlendirmesi daha fazla yatırımcının dikkatini çekerse Pendle’a yönelik piyasa ilgisi ve işlem aktivitesi artabilir. Kurumsal katılımın güçlenmesi, zaman içinde likiditeyi de destekleyebilir. Bunun gerçekleşmesi ise yalnızca görünürlüğe değil, yatırımcıların fiilî talebine ve piyasanın genel koşullarına bağlı.
Hangi Gelişmeler İzlenmeli? Pendle’ın gelecekteki performansını değerlendirirken Citrini’nin açıklamasının yanı sıra işlem hacmi, likidite, DeFi sektöründeki rekabet ve zincir üstü finansal ürünlere yönelik kurumsal talep birlikte incelenmeli. Altcoin piyasasındaki genel eğilimler ve rakip projelerin performansı da Pendle’ın konumunu etkileyebilir.
Wall Street’in zincir üstü piyasalara ilgisi, Pendle için potansiyel bir fırsat oluşturuyor; ancak bu ilginin somut sonuçlar doğuracağı henüz kesin değil.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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According to Arkham’s monitoring, addresses linked to Abraxas Capital have recently increased their ETH collateral and lowered borrowing leverage. Late yesterday, the address transferred 20,000 ETH from Aave to Spark, then repaid approximately $55 million USDS; today, it borrowed an additional $10 million USDS, leading to a net reduction of around $45 million. Over the past week, this address has added a net 57,000 ETH in deposits on Spark, with 50,000 ETH moved over from Aave. During the same period, it borrowed a total of 93.38 million USDS and repaid roughly 93 million USDS, keeping its borrowing volume largely flat, while its health factor rose from 1.59 to 2.42. As of press time, the address holds approximately 140,800 WETH in deposits on Spark, with collateral value of about $350 million and total debt of around $124 million, translating to a borrowing leverage of roughly 1.55x. Based on current collateral and debt levels, a liquidation would be triggered if ETH’s price falls to approximately $1,028. Address: 0xed0c6079229e2d407672a117c22b62064f4a4312
The number of wallets holding tokenized commodities has reached 452,931, according to the latest data from analytics platform rwa.xyz. This represents substantial growth from around 126,000 wallets a year ago, marking a 3.6-fold increase. Most of this expansion occurred in the last several weeks, highlighting accelerating interest in tokenized assets.
Holder count surges in recent monthsFrom early August to now, approximately 200,000 new wallets joined the tokenized commodities sector. By contrast, only about 126,000 wallets were added in the preceding ten months. ParaFi, a digital asset investment firm, estimated that holders of PAXG and XAUT grew by 65% throughout 2025, while the broader sector expanded by 79% in just the past nine weeks.
Instrument holders are tracked by wallet addresses rather than individual identities, so one user may control multiple wallets. Despite this, the rapid growth remains evident in the sector’s overall trajectory.
Tether Gold overtakes Paxos GoldOver the past year, Tether Gold (XAUT) has experienced extraordinary growth in wallet holders. Numbers rose from 12,233 last year to 74,544 by August, and surged to 143,973 today. This leads Paxos Gold (PAXG) by about 31,000 holders at the latest count.
Matrixdock Gold stands in third place, with 63,922 holders. Together, XAUT, PAXG, and Matrixdock Gold account for roughly 71% of all wallets in the tokenized commodity sector.
Mini dictionary: Tether Gold (XAUT), issued by Tether, is a digital token representing ownership of physical gold stored in Switzerland, providing users a blockchain-based way to invest in gold.
TokenWallet holders (current)Tether Gold (XAUT)143,973Paxos Gold (PAXG)~113,000Matrixdock Gold63,922Tokenized ETFs and stocks drive new wavesGrowth in tokenized ETFs and stocks distributed via issuers such as xStocks, Robinhood, Ondo, and STOx has brought another wave of new participants. Since early August, these products saw their number of holders grow from around 21,000 to 105,000, boosting their share of total holders from 8% to 23%.
Gold xStock experienced notable expansion, with its wallet count multiplying more than 53 times, from just 780 to 41,569. The trio of Robinhood’s tokenized SPDR Gold Trust, United States Oil Fund, and iShares Silver Trust tally 40,713 holders collectively. This matches the Robinhood chain’s total holder count, indicating most users on the chain hold one of these major tokens.
Oil, silver, and copper see rising interestWhile gold-backed tokens still account for about 90% of wallet holders in the sector, tokens tracking oil, silver, copper, and rare earths have attracted a combined 42,000 holders since summer.
Robinhood’s tokenized United States Oil Fund (USO) has 15,211 holders. The iShares Silver Trust, distributed across Robinhood and Ondo, counts about 18,900 wallets. Ondo’s tokenized US Copper Index Fund expanded rapidly, jumping from 26 holders in August to 2,371 now. These products saw minimal adoption prior to recent months.
Mini dictionary: Tokenized ETFs (exchange-traded funds) and stocks are digital representations of traditional securities issued on blockchains, offering fractional ownership and greater accessibility to a wider range of investors.
Ethereum holds most value, users diversify across chainsEthereum remains the dominant blockchain for tokenized commodities, hosting $4.92 billion out of the sector’s $5.16 billion total market capitalization. BNB Chain, the second largest, holds $85.1 million, with Arbitrum close behind at $83.5 million.
ChainMarket CapHoldersEthereum$4.92 billion183,776BNB Chain$85.1 million94,289Arbitrum$83.5 milliona few thousandPlumeN/A62,157SolanaN/A62,154RobinhoodN/A40,713Looking at wallet numbers, Ethereum accounts for about 41% of all holders with 183,776 wallets. BNB Chain supports 94,289 holders, Plume and Solana each have just over 62,000, and Robinhood counts 40,713 wallets. Ethereum wallets tend to hold larger, long-term positions, while BNB Chain, Solana, and Robinhood wallets typically house smaller, retail-focused holdings. Arbitrum is an exception among the smaller networks, maintaining a high market cap with relatively few holders.
Long-standing, substantial gold holdings remain concentrated on Ethereum. Meanwhile, new users are increasingly adopting cheaper blockchains and brokerage-style tokens with smaller balances, resulting in wallet growth outpacing the movement of significant capital off Ethereum.
In recent weeks, growth in tokenized ETFs and stocks pushed their share of overall wallet holders from 8% to 23% sector-wide. Gold-backed tokens still dominate, but products tracking oil, silver, and copper are rapidly gaining adoption.
Samsung Wallet now supports USDC on the Sui blockchain for eligible Galaxy devices in the US, the Sui Foundation announced on October 8. The integration covers up to 82 million US Galaxy devices, with other markets to follow at an unspecified date.
Users can hold and send USDC directly within Samsung Wallet. USDC is the only asset supported at launch, and the SUI token is not available. Sui's gasless stablecoin transfers mean users pay no network fee and do not need to hold SUI to move dollars.
"Stablecoins have the potential to make moving money around the world faster and easier," said Woncheol Chai, head of the digital wallet team in Samsung Electronics' mobile business.
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the original contributor to Sui, said that "stablecoins have proven that dollars can move globally in seconds."
The announcement settles details Samsung left open in July, when it showed a Samsung Wallet mockup holding USDC at its Galaxy Unpacked event in London but gave no chain, issuer or launch date. Choosing Sui over Ethereum, Solana or Base hands a high-profile distribution win to a network that has been courting payments use cases. Sui says it has processed more than $1 trillion in stablecoin transfer volume since August 2025.
Several practical questions remain. The announcement does not say how users fund their USDC balance, whether through a bank, a card or an exchange integration, or whether the wallet is self-custodial. It also describes the feature in terms of sending money and remittances, with no mention of paying merchants through Samsung Pay, which is where a phone wallet's distribution would matter most. Circle is not named as a partner, although native USDC has been live on Sui since 2024.
The 82 million figure measures potential reach. How many Galaxy owners actually fund a USDC balance will depend largely on the on-ramp, which Samsung and Sui have yet to describe.
Sui Network's programmable offchain tunnels peaked at 40,614,180 transactions per second during a live stress test on October 7 at Sui Basecamp in Singapore, more than doubling the 20 million TPS target set for the event and surpassing the roughly 6.1 million TPS recorded in a comparable test in July.
How the Test Was Run The demonstration took place on the Summit Stage at Marina Bay Sands, where Sui Basecamp was held alongside Token2049 Singapore. According to Sui's official blog, the test was led by Adeniyi Abiodun, co-founder and Chief Product Officer at Mysten Labs, and verified in real time by independent auditor CertiK, whose full report is still pending. More than 10,000 tunnels were opened on Sui mainnet during the demonstration, with activity spanning payments, games, and chat applications.
The tunnels are programmable offchain state and payment channels. They process transactions outside the main chain and only settle to Sui mainnet when a channel is closed. Each closed tunnel is mutually cosigned by participants and remains independently verifiable onchain, preserving a cryptographic record without burdening the base layer with every individual operation. The architecture draws a structural comparison to Bitcoin's Lightning Network, which uses a similar open-and-close model for offchain payment channels.
Why AI Agents Are the Target Market Sui has been explicit about the intended use case. The tunnels are optimised for high-frequency communication between AI agents, where the volume and speed of interactions far exceed what human-driven activity would ever require. As Abiodun put it at the event, no human market needs 40 million transactions per second, but autonomous agents transacting continuously in commerce, gaming, and messaging do.
The October result is more than six times the July figure, and Sui frames the progression as a deliberate build toward infrastructure capable of supporting machine-scale commerce. CertiK's audit report, expected in the coming days, will provide independent verification of the execution logs and cryptographic proofs behind the peak number.
Sources:
Sui Foundation: Official blog post on the 40M TPS record
CoinTelegraph: Sui tunnels hit 40.6M TPS in live AI agent test
Crypto Briefing: Sui hits 40 million transactions per second in live Basecamp test
New bitcoin lending system is set to debut. (Shubham Dhage/Unsplash)Summary
Layer-1 blockchain Sui is launching Hashi, an institutional protocol allowing holders to use Bitcoin as collateral without moving it off the Bitcoin network.The system is debuting with $500 million in capital commitments from a coalition of over 20 industry partners to ensure deep day-one liquidity.Hashi’s mainnet will roll out in phases, targeting a massive pool of roughly $1 trillion in dormant, institutional Bitcoin.Bitcoin BTC$82,582.92-backed finance is about to get a massive, well-funded liquidity boost.
Layer-1 blockchain Sui is set to launch Hashi, a new institutional network that allows holders to use Bitcoin as collateral for lending without moving it off the Bitcoin ledger. The mainnet is slated to roll out in phases later this month.
To back the ecosystem, the initiative has already secured $500 million in capital commitments from a coalition of over 20 industry partners.
While these are commitments rather than immediate deposits, the pre-pledged capital ensures that when the system debuts, markets can open with deep liquidity instead of starting empty.
“Hashi is launching with serious capital and a coalition of industry leaders because institutions want to put Bitcoin to work without giving up the protections they require,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original creator of Sui, said in an official announcement.
The primary target for this capital is a massive pool of dormant wealth. Sui estimates that roughly $1 trillion worth of Bitcoin is currently sitting idle. Until now, institutional and corporate balance-sheet holders have lacked a compliant, transparent ecosystem to safely deploy their native Bitcoin in decentralized finance (DeFi).
This launch comes amid a broader shift in Bitcoin-backed finance, where borrowing is moving far beyond speculative crypto trading. Bitcoin holders now use bitcoin-collateralized loans to cover real-world expenses like university tuition, real estate acquisitions, and corporate working capital.
"Public companies and institutions hold enormous amounts of Bitcoin, but their ability to use that capital has been constrained by the technology available to them," said Nathan McCauley, CEO and co-founder of Anchorage Digital, a day-one launch partner that also plans to supply stablecoin liquidity to the network.
"Connecting our institutional clients with Hashi represents a complete paradigm shift,” McCauley added.
Here’s how the system overcomes these institutional constraints. Instead of bridging across blockchains, users securely lock their BTC in a vault address directly on the Bitcoin blockchain. A 2-of-2 multisig secures this address, requiring cryptographic sign-off from both Hashi’s validators. Hashi also has a separate, independent guardian layer designed to monitor and slow suspicious collateral movements.
While the real bitcoin stays safely frozen on the Bitcoin network, Hashi mints hBTC, a digital voucher token on Sui, backed directly by that deposit. This is where the lending action begins. Apps on Sui can use these hBTC vouchers to fuel lending, borrowing, credit markets, and real-world asset trading. When a user wants to exit, the hBTC voucher is permanently burned on Sui, which triggers the multisig to safely unlock and release the original bitcoin back to the user on the Bitcoin network.
To meet strict institutional compliance and security standards, Hashi has undergone rigorous vetting. Security firm Certora formally verified Hashi's smart contracts, while another firm, CommonPrefix, reviewed the cryptography of its multi-party computation (MPC) protocol.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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9 October 2026 | 12:02 Sui’s Hashi is preparing a phased mainnet rollout later this month with more than $500 million in committed capital. Anchorage Digital has joined the launch coalition, adding custody-based and self-custody routes for institutions that want to use Bitcoin as collateral.
Key Takeaways Hashi plans a phased mainnet launch later in October. More than $500 million has been committed across its launch coalition. Deposited BTC supports hBTC, the collateral token used in Sui applications. Anchorage offers qualified-custody and self-custody access routes. Mainnet will show whether committed capital becomes usable liquidity The Sui Foundation said Hashi will begin a phased mainnet rollout later in October. Its coalition includes more than 20 partners, with Aftermath, Concrete and Fluid among the providers expected to run vaults. Hashi supplies the infrastructure, while third parties create the lending, borrowing and other financial products that users will actually access.
The coalition had already expanded with Cumberland, Fluid and SwissBorg ahead of Hashi’s July global testnet. Mainnet now moves that work into a setting where lenders need to supply assets, borrowers need to accept the terms, and vaults need to function under live conditions.
Depositing Bitcoin creates a controlled collateral position Hashi begins with a Bitcoin deposit. A user sends BTC to a Hashi-generated Bitcoin address; after the required confirmations and delay, the system mints an equivalent amount of hBTC on Sui. That hBTC can then serve as collateral in a lending or other financial application.
BTC stays on the Bitcoin ledger, while hBTC gives the depositor a usable position inside Sui applications. Releasing that BTC requires authorization through Hashi’s MPC committee and Guardian layer, according to the project’s technical documentation. The arrangement moves control away from a single ordinary wallet and into a shared signing structure.
Participation in the committee requires Sui validators to separately register and operate the necessary services; it does not automatically include the entire validator set. On withdrawal, the matching hBTC is burned on Sui before the committee and Guardian authorize a Bitcoin transaction back to the user’s chosen address, less network fees.
Once BTC is represented by hBTC, the next question is who can use that collateral under their own custody rules. Anchorage’s role addresses that part of the launch.
Anchorage offers two routes into Hashi Institutions do not all work under the same custody model. A public company may require regulated collateral arrangements, while a crypto-native fund may prefer to manage its own wallet and interact with applications directly.
Anchorage Digital has set out two ways for clients to reach Hashi. Atlas, its settlement and tri-party collateral infrastructure, is designed for organizations operating under qualified-custody and compliance requirements. Anchorage says assets can remain in qualified custody while being mobilized as collateral.
Its institutional self-custody wallet, Porto, provides the other route for clients seeking direct access to Hashi and the applications built around it. Those choices broaden the range of potential participants, yet the custody path alone does not establish the rate, collateral ratio or liquidation terms of a future loan.
$500M is committed capital, not a live lending balance
Confirmed: Hashi says more than $500 million has been committed across its launch coalition.
Still unknown: how much reaches mainnet at launch, which assets are supplied to each market and how much liquidity borrowers can access.
Borrowers need liquidity in the assets they want Committed capital does not automatically become borrowable liquidity. A borrower needs lenders to supply the asset they want to borrow, whether that is a stablecoin or another token. The Sui Foundation has not published a partner-by-partner allocation or a timetable for deploying the committed capital.
That leaves several practical questions for the first live markets: which assets are available, how much collateral they require, what interest rates apply and how liquidations work when Bitcoin’s price falls. The answers will differ between applications because the financial products are being created by independent providers.
Sui says access will expand as launch partners complete their integrations. The resulting loan terms and liquidity depth will show whether the network can serve Bitcoin holders who want financing without selling their holdings.
The institutional case rests on the terms after launch Hashi is aimed at holders that want to use Bitcoin without moving it onto another blockchain or abandoning the custody controls that govern their balance sheets. Its mainnet design combines Bitcoin-held collateral, Sui-side hBTC and different access routes for regulated institutions and self-directed market participants.
For those users, the size of the coalition is only a starting point. Borrowing costs, collateral requirements, withdrawal reliability and stablecoin depth will determine whether Bitcoin-backed finance on Sui becomes a practical treasury tool.
This article is for informational purposes only and does not constitute financial, investment or legal advice. Capital commitments, launch plans and lending terms may change.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
