Market Signal Briefing

Altcoin season in Uptober is pulling liquidity into tokens with fresh drivers and enough depth for follow-through. Moves are clustered rather traders chase every chart, with capital flowing where usage, listings, or technical breaks line up.Zcash, Mantle, and SPX6900 fit that filter today.

In brief
MetaMask users can trade derivatives using Hyperliquid’s infrastructure.
The self-custodial wallet plans to add support for Polymarket.
MetaMask users can earn rewards, including Linea’s native token.
Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized exchange.

In a press release, MetaMask said the integration is a direct response to the growing popularity of perpetual futures, which allow traders to make outsized bets on digital assets like Bitcoin and Ethereum using leverage, and unlike traditional features, don’t feature an expiration date.

Traders have traditionally turned to centralized exchanges like Binance and OKX for perpetual futures, but the Consensys-owned project underscored that trading volumes for the derivatives reached an all-time high of $765 billion in August on their decentralized competitors. (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt.)

“Ultimately, we’re working not just to bring people on-chain, but to create the reasons users will never want to leave,” MetaMask’s Global Product Lead, Gal Eldar, said in a statement. “This marks another step in transforming MetaMask into an on-chain platform for personal finance.”

Centralized platforms for perpetual futures command a majority of volume and open interest, but decentralized alternatives are “gaining slight ground,” with Hyperliquid leading the charge, according to a March report from crypto data provider CoinGecko.

Hyperliquid’s HYPE token rose 2.4% on Wednesday to $46.12. The cryptocurrency’s price has soared 76% year-to-date from $26.19 in January.

MetaMask also said on Wednesday that it will integrate Polymarket, the prediction-market platform that just inked a $2 billion deal with the owner of the New York Stock Exchange. The crypto wallet is expected to add native support for Polymarket later this year.

Since its debut in 2016, MetaMask has added features in response to industry trends, extending its focus beyond Ethereum. That includes MetaMask's recent support of Bitcoin and Solana, as well as MetaMask's embrace of an in-wallet service for exchanging tokens in 2021.

MetaMask is planning on releasing a token, and it said a seasonal points system will dovetail with that. For the next three months, MetaMask said users can earn points to unlock rewards like native tokens for Linea, the Consensys-owned Ethereum layer-2 network.

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Crypto expert BarriC has shared a bold view about the future of the XRP price. He believes that it could rise to $1,000 or even higher if it reaches full global use by banks and financial institutions. BarriC says the world has never seen what happens when a digital asset is used on a massive scale by traditional finance. According to him, this level of use could set XRP apart from all other cryptocurrencies.

XRP Price Poised For Historic Gains Amid Global Bank Adoption
BarriC predicts that the XRP price has the potential to reach record-breaking levels once banks and financial firms worldwide begin to adopt the cryptocurrency on a daily basis. If banks move money through XRP on a daily, weekly, and monthly basis, the amount of value flowing through the network could be substantial. BarriC believes this could be in the range of millions, billions, or even trillions of dollars over time.

He explains that no other cryptocurrency has reached this level of real-world use before, which makes XRP’s case very different from past market cycles. BarriC says that when global financial institutions begin using XRP for regular transactions, it will no longer behave like most digital assets. It could then become a key part of how money moves worldwide, and such growth could naturally lead to XRP prices that surpass what the market has seen before.

BarriC’s analysis suggests that the real turning point could come from trust and utility in XRP. As more institutions rely on the network for fast and inexpensive transfers, confidence in the asset is likely to grow significantly. The demand would likely reduce selling pressure and increase the token’s value over time, which, according to BarriC, is when XRP could start to climb toward its predicted $1,000 mark.

XRP Breaking The Traditional Cycle And Entering Uncharted Territory
BarriC also believes that XRP will eventually diverge from Bitcoin’s typical four-year market cycle. He says XRP could move in its own direction once banks widely use it. In his view, the cryptocurrency would no longer need to follow Bitcoin’s ups and downs because it would have its own strong use case. This independence could allow the price to move much higher and stay stable even when other coins face downturns.

He describes this possible phase as “uncharted territory” for XRP, as it would be the first time a cryptocurrency reaches that level of adoption and the network becomes a significant part of the global payment system. BarriC expects that once this shift happens, XRP could rise far beyond previous highs, possibly reaching $100, $1,000, or more.

The overall analysis by BarriC paints a very hopeful picture for the XRP price. The digital asset may become one of the most valuable cryptocurrencies on the market if the $ 1,000 price prediction comes to fruition.

Price suffers multiple dips amid sell-offs | Source: XRPUSDT on Tradingview.com
Featured image created with Getty Images, chart from Tradingview.com

Bonk (CRYPTO: BONK) is stealing the spotlight from Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) as traders position for what some call the next "Solana supercycle," with technicals and on-chain data aligning for a potential 400% breakout.

BONK Price Targets 400% Breakout

BONK Technical Analysis (Source: TradingView)

The daily chart reveals BONK pressing against a long-term descending trendline near $0.000022, with multiple failed retests since July. 

Price is consolidating just below the major EMA cluster between $0.0000207–$0.0000220, creating a dense resistance zone.

Support remains firm at $0.000018, where buyers have repeatedly stepped in during September. 

A breakout above $0.000022 would confirm a trend reversal, projecting a move toward $0.000038–$0.000040.

Wall Street-Backed Accumulation Lifts BONKSafety Shot Inc. (NASDAQ:SHOT) disclosed that its subsidiary BONK Holdings LLC now owns over 2.7% of BONK's circulating supply, with plans to increase its stake to 5% by end-2025. 

The purchase positions BONK among a small group of meme assets with publicly disclosed corporate exposure.

This move highlights BONK's growing role within the Solana (CRYPTO: SOL) ecosystem, where it operates as a low-cost, high-speed utility token. 

Whales Signal Confidence In BONK

BONK Netflows (Source: Coinglass)

According to Coinglass data, BONK saw $355,000 in exchange outflows on Oct. 8, marking a continuation of negative netflows. 

These outflows suggest that large holders are moving tokens into private wallets.

BONK's on-chain structure points to long-term holding behavior rather than short-term trading, improving the token's breakout probability.

Why It MattersIf BONK breaks above the $0.000022 resistance cluster, the next targets lie near $0.000030 and $0.000040. 

BONK's rise is not just another meme coin story. 

What makes it striking is the blend of institutional ownership, whale accumulation, and Solana integration, creating a setup that rivals DOGE and SHIB during their breakout eras. 

Safety Shot's corporate disclosure adds legitimacy, while BONK's active utility within Solana gives it a structural advantage most meme tokens lack. 

This raises a deeper question for traders: are we watching the birth of the first meme asset to transition into a real utility-backed market leader?

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Achieving its 10,000 BTC target by 2025 would push DDC into the top tier of publicly listed bitcoin treasuries.

TL,DR

Short-term profit-taking triggers selling pressure.
Technical failure after not breaking the $4,472 resistance.
Excessive leverage (over 70% in longs) raises the liquidation risk.

The second largest cryptocurrency by market capitalization, Ethereum (ETH), has experienced a recent downturn, causing concern among investors and traders. While ETH’s long-term outlook remains solidly optimistic, the current weakness is due to a combination of technical factors and short-term market pressures.

One of the fundamental reasons for understanding “why the price of Ethereum is falling” is the intense selling pressure driven by profit-taking Short-term traders, looking to secure their gains after a period of increases, have caused significant capital outflows.

Recent data highlights this behavior. In the last week, a substantial capital migration out of Ethereum was observed, with a notable movement of225 million in a single day, rotating into other assets or simply liquidating positions. This selling behavior reflects a natural pause after strong rallies.

Failure at the Key Resistance of $4,472
From a technical perspective, the price of ETH has failed to sustain a breakout above the critical resistance level of $4,472 (-3.15%). Following multiple unsuccessful attempts to consolidate gains above this mark, the bullish momentum has exhausted, signaling a bearish divergence on the short-term charts

Popular technical indicators like the MACD and KDJ have begun to show signs of exhaustion or weakness, suggesting that the buying power is temporarily fading. This technical failure is a key factor in why the price of Ethereum is falling, as it encourages opportunistic parties (sellers) to take control of the market.

Bitcoin and gold price gains are less about opportunity and more about escaping erosion. The debasement trade is unfolding in plain sight.

Summary

The debasement trade is accelerating as Bitcoin and gold price rise together, signaling a market-wide retreat from fiat and policy-driven stability.
Central banks are quietly leading the shift, boosting gold reserves while investors pour billions into Bitcoin ETFs amid weakening trust in money supply control.
The surge in Bitcoin and gold price reflects deeper unease over record global debt, shrinking real yields, and eroding credibility of fiscal systems.
What began as a hedge has turned structural. The debasement trade now defines how capital seeks value when traditional money loses its anchor.

The debasement trade gains momentum
Across markets, investors are turning away from fiat money and toward tangible or scarce assets. Gold reached a new record on Oct. 7 when its spot price crossed $4,000 per ounce for the first time. The rally of more than 50% since the beginning of the year has pushed its total market cap beyond $27 trillion.

Data from the World Gold Council shows that central bank demand has remained consistently strong throughout the year, with net purchases led mainly by emerging economies.

Equities have also recorded steady gains. The S&P 500 hit new closing highs in late September and again in October, rebounding from a correction earlier in the year. The Nasdaq and Dow Jones remained close to record territory during the same period.

S&P Dow Jones Indices described this as one of the strongest multi-quarter runs for U.S. equities in more than ten years, despite high Treasury yields and wide credit spreads.

Bitcoin (BTC) has become the third pillar of this realignment. On Oct. 6, the cryptocurrency rose above $126,000, setting a new all-time high. It was trading near $125,000 on Oct. 8, extending gains of almost 8% since the start of the month.

The rally has aligned with record inflows into U.S. spot Bitcoin ETFs, which attracted more than $2 billion in just two days this week, led by BlackRock’s iShares Bitcoin Trust. On Oct. 6 alone, these ETFs drew nearly $1.2 billion in net inflows.

A clear change in investor psychology runs beneath these moves. Instead of turning to gold only in times of panic, markets are now allocating to gold, Bitcoin, and equities at the same time.

Analysts at JP Morgan describe this as the “debasement trade,” a strategy focused on holding assets that guard against monetary dilution, inflation risk, and the erosion of currency credibility.

History’s warning on fiat collapse
The loss of trust in fiat currencies has often marked the early stages of transition between monetary systems. 

In the third century, the Roman Empire began to unravel financially as wars intensified and political power changed hands repeatedly. The silver content of Roman coins fell from more than 90% to less than 5% within a few decades. 

As confidence collapsed, inflation soared and soldiers started demanding payment in goods instead of debased money. Commerce slowly withdrew into barter. Once money stopped preserving value, the foundations of the Roman economy began to crumble.

A similar pattern appeared in sixteenth-century Spain. Large inflows of silver from the Americas created a monetary surplus. Although the metal itself was real, its excessive use by the state drove prices higher across Europe and weakened the empire’s financial position.

Hard money remained in appearance but lost its purpose. When political control over issuance failed, even gold and silver could no longer serve as reliable anchors of stability.

During the French Revolution, the same cycle repeated through paper money. Assignats were first issued as notes backed by land but soon turned into tools of unchecked monetary expansion. 

Within a few years, their value fell by more than 95%. People began rejecting them in daily trade, and economic activity weakened. As the currency lost credibility, public faith in the revolutionary government faded just as quickly.

In the twentieth century, a more intricate system began to decay. The Bretton Woods framework, based on the dollar’s convertibility into gold, collapsed in 1971 when the U.S. ended that tie. What followed was the beginning of the modern fiat era.

From that point onward, the value of money depended not on convertibility but on the credibility of governments and central banks. Over time, that credibility has worn down. 

Mounting debt, chronic fiscal deficits, and a growing reliance on inflation to sustain growth have steadily weakened the base of the system.

Gold price rises as trust fades
The weakening credibility of fiat money is evident in the hard data of public finance, monetary expansion, and reserve allocation.

Global debt remains at extraordinary levels. According to the IMF, total debt across public and private sectors stood just above 235% of global GDP in 2025, with public borrowing still rising even as private debt eased slightly. 

The Institute of International Finance reports that worldwide debt surpassed $324 trillion in early 2025. Sovereign borrowing sits at the heart of this increase. The OECD projects that bond issuance across its member nations will reach a record $17 trillion this year, up from $14 trillion in 2023.

These figures place mounting pressure on fiscal legitimacy. Many governments now depend on rolling over debt, bearing higher interest costs, and relying on inflation to reduce real obligations. The question is how long markets will continue to view this structure as sustainable.

Central bank behavior offers one of the clearest signs of adjustment. In recent years, central banks have consistently purchased more than 1,000 tonnes of gold annually, far above the average levels of the previous decade. 

In the first quarter of 2025 alone, they added 244 tonnes, about 25% above the five-year quarterly mean. Poland accounted for 49 tonnes during the quarter, more than half its annual demand, while China added 13 tonnes. The buying trend continued into the second quarter, with another 166 tonnes acquired.

Survey data from the World Gold Council provides context. About 73% of central banks said they plan to reduce their share of U.S. dollar holdings over the next five years. The same proportion expect to raise their allocations to gold or alternative currencies.

Global official gold reserves now stand near 36,000 tonnes. At current market prices, some estimates place the notional value of these holdings close to the scale of U.S. Treasury exposure in certain cases. 

Economists at the Federal Reserve have acknowledged that central banks are building gold reserves to lower concentration risk in their portfolios.

Debt dynamics help explain this pattern. Inflation in advanced economies has eased on the surface, yet real interest rates remain compressed. Investors holding cash or government bonds often earn returns that lag behind monetary expansion, eroding their purchasing power over time. 

The same structure benefits governments. Lower real yields make it easier to fund persistent deficits without triggering immediate concerns about solvency.

In Japan, public debt is nearing 230% of GDP. Across Europe, France, Italy, and Greece each hold ratios above 110%. The endurance of these levels depends less on growth and more on the assumption that capital markets will continue to refinance them without resistance.

Each monetary signal points in the same direction. Central banks are increasing their gold exposure to reduce policy risk. Investors are buying Bitcoin as protection against currency dilution. Equities remain supported not by earnings momentum but because monetary supply continues to expand faster than real economic output.

Bitcoin emerges as neutral reserve hedge
Several systems that have long supported global liquidity and currency stability are now showing visible strain. 

Japan’s 30-year government bond yield reached 3.32% on Oct. 7. For decades, Japan maintained near-zero rates and carried out multiple rounds of quantitative easing, creating a low-cost liquidity base that helped stabilize global capital markets.

Institutions around the world borrowed cheaply in yen and invested in higher-yielding assets elsewhere, keeping volatility low and sustaining cross-border capital flows.

With Japanese yields now rising, that dynamic is starting to reverse. Foreign investors are cutting exposure, and Japanese institutions are bringing capital back home.

The consequences are broad. As one analyst noted, “Every asset class, every risk model, every ‘this time is different’ assumption priced into equities, housing, private credit, even crypto, is downstream of this invisible Japanese subsidy.” That subsidy no longer exists.

Credibility concerns are also surfacing in developed markets. Bloomberg anchor and financial columnist Lisa Abramowicz observed, “Gold’s parabolic move toward $4,000 is sending a warning signal to the traditional financial system. Developed-market nations are losing clout as being good stewards of capital.”

Gold's parabolic move toward $4,000 is sending a warning signal to the traditional financial system: developed-market nations are losing clout as being good stewards of capital. pic.twitter.com/JNExqj2jYN

— Lisa Abramowicz (@lisaabramowicz1) October 6, 2025

Her remarks align with the ongoing pattern of reserve diversification, where central banks continue to expand gold holdings and reduce long-term exposure to the U.S. dollar.

In this environment, economists at Deutsche Bank suggest that central banks could begin holding Bitcoin by 2030. Their assessment cites improving liquidity, growing regulatory clarity, lower volatility, and Bitcoin’s independence from government control as the main drivers.

The bank adds that U.S. led adoption could strengthen this shift, allowing Bitcoin to move from a speculative instrument into a recognized monetary alternative. 

In that sense, the expanding flows into spot Bitcoin ETFs and the steady pace of central bank gold accumulation are signs of how the global allocation engine is reprogramming itself for a world where money creation and debt expansion can no longer deliver trust.

Equity markets, meanwhile, continue to draw support less from corporate performance and more from liquidity supply. 

Investors are no longer deciding between risk and safety in the traditional sense. They are judging assets by a single measure, their ability to preserve purchasing power when fiscal systems depend on refinancing and inflation to stay afloat.

That same question of preservation now extends beyond portfolios to the structure of money itself. Every major signal, from bond yields and debt ratios to reserve behavior and ETF flows, points to a gradual redefinition of value. 

The world is no longer seeking growth at any cost. It is searching for a form of money that can hold trust when the promise of the state no longer does.

DeFi Dev Corp. announced a special dividend of tradable warrants, eligible for a cash purchase of $22.50 per DFDV share.

Meanwhile, analysts expect a second 25bps cut during this month’s FOMC meeting, while market sentiment has improved significantly.

The Fear and Greed Index reflects this, as this key sentiment gauge recovered from a recent low of 34 (Fear) to 62 (Greed) at the time of writing.

A weaker U.S. dollar resulting from the ongoing U.S. government shutdown has also benefited cryptos lately. As long as this situation persists, investors will likely park their capital on BTC as a safe harbor while this ‘impasse’ is resolved.

Since the year started, the U.S. Dollar Index has seen its value drop by 9% and has moved below the 100 psychological threshold, reflecting the strength of the bearish momentum that the North American currency is experiencing.

Bitcoin ETFs Book a $1.2 Billion Single-Day Inflow
What is even more surprising is that investors have been pouring billions into Bitcoin-linked exchange-traded funds (ETFs).

On October 6 alone, these vehicles brought in $1.2 billion. Meanwhile, since the month started, BTC ETFs have received an eye-popping total of $4.4 billion in net inflows, meaning an 8% jump in the funds’ total assets under management (AUM).

Summary:

How to invest in XRP, is it good to invest in Ripple now? Learn steps, risks and simple strategies to buy and hold XRP with confidence. What Is XRP and Why Does It Still Matter XRP is the native token of the XRP Ledger, a payments-first blockchain that settles value in seconds with low fees. Ripple builds enterprise tools on top of that network so banks and fintechs can move money across borders without friction. The pitch is simple. Fast transfers, predictable costs, and liquidity that does not get stuck. That clarity is why XRP keeps a seat at the table even when crypto sentiment swings.

Is It Good to Invest in Ripple Now? It depends on what you want from the position. If you see crypto only as a momentum trade, XRP will feel frustrating because it spends long stretches moving sideways before it moves fast. If you see it as a payments bet that could compound on real-world usage, a measured allocation can make sense.

The positives are speed, low fees, and a clear utility story. The risks are market cycles, regulation that can change tone quickly, and competition from stablecoins and other high-throughput networks. If you can live with volatility and think payment rails will keep modernizing, you do not need to own a lot for it to matter.

How to Invest in XRP Without Overthinking It Start by choosing a regulated platform that lists XRP in your region and turn on strong security before you deposit a cent. Fund the account by bank transfer if you want lower costs. Place your first order in small size and let the fills come to you.

Dollar-cost averaging helps because you are not trying to pick a perfect day. For storage, traders can keep a small balance on the platform, while long-term holders should consider a wallet that supports the XRP Ledger. Remember that an XRP account on Ledger needs a small reserve to stay active, so keep a tiny buffer you will not touch.

What Can Move the XRP Price From Here Adoption is the quiet driver. More enterprises using Ripple’s rails for real flows is the kind of progress that does not trend on social media yet matters over quarters. Clarity on rules and custody can also unlock new types of buyers who were waiting on the sidelines.

Liquidity cycles in crypto remain a force as well, so wider risk-on or risk-off swings will spill into XRP. Competition is the counterweight. If stablecoins or other networks handle cross-border payments with equal speed and better distribution, XRP has to keep proving its edge.

Position Sizing That Survives Volatility Treat XRP like any focused bet inside a broader plan. Decide what percentage of your portfolio belongs in crypto, then decide what slice of that crypto bucket belongs to XRP. Write your rules before you buy. When will you add? When will you trim? What changes your mind on the thesis? Revisit that document quarterly. It keeps you from making late-night decisions after a big candle.

How to Invest in XRP If You Are New to Crypto Think in three moves. Learn the basics so you can speak the language. Fund an account and buy a starter position that is small enough to ignore if it dips. Add on a schedule and move the coins you plan to hold into a wallet you control. Set price alerts so the market calls you only when it matters. Everything else can be checked once a week.

Is It Good to Invest in Ripple Now If You Are Risk Averse Probably not. Crypto draws down hard, even in bullish cycles. If you want exposure without losing sleep, keep it small, automate buys, and rebalance. If you find yourself watching the chart every hour, your position is too big.

Quick FAQ: How to Invest in XRP and Whether It Fits Now

How much do I need to start

A small starter amount is fine. Add on a schedule rather than all at once.

Where should I keep my XRP?

Trade on platform if you must, store long-term in a wallet that supports the XRP Ledger, and back up your seed phrase offline.

What is the cleanest way to buy XRP?

Use a well-known platform, enable two-factor authentication, verify all URLs, and avoid sharing keys or phrases with anyone.

Can XRP work as a long-term hold

Yes if your thesis is payments utility over years, not weeks, and if it sits inside a diversified portfolio with rules.

This article was originally published on InvestingCube.com. Republishing without permission is prohibited.

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21Shares Joins Stratiphy to Launch Powerful Crypto ETNs

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$10B in Ethereum Fuels Momentum as Validator Exits Gain Strength

TL;DR Ethereum’s validator exit queue has reached over 2.4 million ETH, valued at more than $10 billion, marking the largest withdrawal wave to date. Despite

XRP is once again trading below the critical $3 support level, having dropped 4% on October 7 and triggering a “death cross” seen as confirmation of medium-term bearish momentum.

Its market cap is also down 2.54% on the weekly and 3.41% on the daily chart, sitting at $172.22 billion just days after the cryptocurrency managed to blow past BlackRock in terms of value by climbing to almost $183.4 billion.

However, trading at $2.87 at the time of writing, XRP is still one of the best performers this year, having surged nearly 440% over the past twelve months.

XRP price year-to-date (YTD) chart. Source: Finbold
XRP valuation
XRP hit its highest market capitalization, nearly $210.43 billion, on July 22, 2025. In the same month, its price had risen over 35% from its June levels, hovering around $3.55 as the asset reached its valuation peak, with about 59.27 billion tokens in circulation, as per CoinMarketCap data retrieved by Finbold.

XRP market cap 1-year chart. Source: CoinMarketCap
Today, XRP has a circulating supply of approximately 59.87 billion tokens since Ripple’s escrow schedule sees 1 billion tokens unlocked each month, of which roughly 70% are typically re-escrowed, though this is not a fixed protocol rule.

As the total cap is set at 99.98 billion XRP, some 40.1 billion tokens are yet to be unlocked. Even if Ripple didn’t choose to re-lock any portion of the future monthly releases, it would take roughly three years and a quarter for the rest of the supply to start circulating.

This would lead to an annual inflation between 5% and 6% over the said period, slowly decreasing each year as the issuance grows. The result would be a fully diluted market cap of $287.95 billion, considering current prices. 

In other words, the price would drop to $1.72 with the entire supply circulating, implying a 40.1% downside from the current levels.

Lastly, at today’s price of $2.87, XRP’s market capitalization sits around $172 billion. To revisit its most recent all-time high of $3.65 on July 18, 2025 (CoinGecko data), the token would need to reach a market cap of roughly $218.5 billion.

To reclaim its January 2018 peak of $3.84 (CoinMarketCap data), XRP would require an even larger valuation of about $229.9 billion, underscoring how much capital inflow would be necessary for a full return to record levels.

Featured image via Shutterstock

The crypto wallet said will allow users to bet on real-world outcomes as part of an exclusive partnership with Polymarket, coming later this year. Oct 8, 2025, 3:27 p.m.

MetaMask, the popular crypto wallet developed by Consensys, is moving deeper into crypto trading and speculation, adding perpetual swaps trading and announcing plans to add Polymarket prediction markets to its platform.

The firm said on Wednesday the Polymarket integration will come later this year as part of an exclusive partnership, allowing users in approved regions to access onchain prediction markets directly in its app. Users will be able to bet on real-world outcomes from elections to crypto price movements without giving up custody of their assets.

STORY CONTINUES BELOW

Alongside the Polymarket plans, MetaMask also rolled out perpetual futures trading within its app on Wednesday. The new feature is underpinned by HYPE$42.11, a decentralized derivatives protocol, bringing one of crypto’s most active markets into the wallet itself.

Perpetuals are contracts that allow users to trade on future price movements without expiration, and account for about 75% of all crypto volume. Hyperliquid is a major player in the fast-growing segment, processing $275 billion in trading volume last month, TokenTerminal data shows.

MetaMask’s version includes a redesigned mobile app, zero swap fees and one-click funding across EVM-compatible chains, the press release said.

MetaMask token comingMetaMask said it will also debut by the end of this month a points-based rewards program tied to user activity, leading up to its long-anticipated token launch.

The program will span trading, referrals and use of the MetaMask card, with rewards including fee discounts and token allocations. In the first phase, the firm allocated $30 million in native token of Linea, the Ethereum layer-2 network also developed by Consensys. Those points, as well as future will eventually connect to the upcoming token now in the works.

The latest plans follow MetaMask launching its bespoke MetaMask USD (MUSD) stablecoin with Stripe's Bridge and M0. The token surpassed $100 million in supply in a month.

Read more: MetaMask Confirms $30M Rewards Program, Links to Future Token

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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Fusaka – a blend of the names Fulu and Osaka – consists of two simultaneous upgrades to Ethereum’s consensus and execution layers, respectively. 8 ott 2025, 3:33 p.m.

Tradotto da IAEthereum developers are preparing for the network’s second major upgrade this year, known as Fusaka, set to go live at the end of November or beginning of December, pending final testnet results.

STORY CONTINUES BELOW

Fusaka — a blend of the names Fulu and Osaka — consists of two simultaneous upgrades to Ethereum’s consensus and execution layers, respectively.

The upgrade is focused on making the Ethereum blockchain more scalable and efficient, and should benefit institutions and users as transaction costs on rollup networks should fall further, while operating nodes should become less cumbersome and expensive for newcomers looking to run nodes.

Fusaka includes 12 major code changes, or Ethereum Improvement Proposals (EIPs), that together aim to boost data capacity, lower costs and streamline validator operations.

One of the most significant additions is EIP-7594, or PeerDAS (Peer Data Availability Sampling), a system that allows Ethereum validators to verify data availability by sampling small pieces of it instead of downloading everything. That change enables the network to handle far more rollup data (“blobs”) per block, paving the way for cheaper Layer 2 transactions and greater throughput without compromising decentralization.

Fusaka could make it easier for newcomers or smaller players to operate on Ethereum, rather than cutting costs for those already running large validator fleets. The upgrade’s efficiency changes mean that entities running only a few validators — or none at all — could find it simpler and less resource-intensive to start or maintain nodes. However, institutions with extensive node operations, like staking pools, won’t see major cost savings.

VanEck, a prominent asset manager, has said Fusaka will be significant for users, arguing that it will lower costs for rollups and make Ethereum more efficient for large players. Because validators won’t have to download every data blob in full (thanks to PeerDAS), bandwidth and storage demands drop, which means institutions running full nodes or node clusters will see lower infrastructure cost.

The firm also says Fusaka reinforces ETH’s role as a store of value and settlement asset, since transaction fee revenue at the base layer may shrink as more activity shifts to rollups, but ETH becomes more central in securing and validating that activity.

The other 11 changes in Fusaka are smaller but still important; things like fine-tuning how transaction fees are calculated, setting clearer limits on block size and adding new tools for developers that make Ethereum apps run faster and work better with standard internet security systems. Collectively, they make Ethereum’s base layer more predictable, flexible and compatible with mainstream cryptography standards.

After Dencun last year and Pectra earlier this year, Fusaka continues Ethereum’s rapid cadence of upgrades designed to make the network more scalable and enterprise-friendly.

Fusaka has already gone through a first test run on October 1, and will see two additional tests on October 14 and 28, before core developers decide to ink in a date for mainnet.

Developers say Fusaka is supposed to set the stage for additional changes in 2026, in the upcoming Glamsterdam upgrade. That hard fork is set to focus on introducing enshrined proposer-builder separation — a change that would make Ethereum’s block production process more secure and transparent.

Read more: Ethereum’s Fusaka Upgrade Passes Holesky Test, Moves Closer To Mainnet

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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Bee Maps Raises $32M to Scale Solana-Powered Decentralized Mapping Network

Oct 6, 2025

The fresh capital will be used to distribute more devices, enhance AI models that process and update map features, and boost contributor incentives, Bee said.

What to know:

Bee Maps, the decentralized mapping project powered by Hivemapper, has raised $32 million in fresh funding to expand its global contributor network and scale its infrastructure.The round was led by Pantera Capital, LDA Capital, Borderless Capital and Ajna Capital, marking one of the largest financings in the decentralized physical infrastructure (DePin) sector this year.The fresh capital will be used to distribute more devices, enhance AI models that process and update map features and boost contributor incentives tied to $HONEY.Read full story

A record 2.44 million ETH worth $10 billion sits in Ethereum's validator exit queue with a 42-day average wait time as institutional holdings reach 12.47 million ETH and spot ETF inflows surge to $621.4 million in October alone.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bitcoin Core has welcomed major release v 30.0, which comes months after the last major release, v29.0.

According to the Bitcoin Core Project's official X account, a new release candidate of Bitcoin Core, v30.0rc3, is available for testing. v30.0 is a major new release and follows v29.0, which was released in April this year.

A new release candidate of Bitcoin Core, v30.0rc3, is available for testing.
This is a new major release, and follows v29.0.
It is available here: https://t.co/8FLkdBqus2
Work-in-progress release notes are available here: https://t.co/p3ssfdeB4D

HOT Stories

— Bitcoin Core Project (@bitcoincoreorg) October 8, 2025 The Bitcoin Core 30.0 release introduces a range of updates and improvements across networking, mempool policy, mining, RPCs and overall system behavior.

These include "Datacarriersize" increase, P2P and network changes which adds a new Bitcoin command and removes the "maxorphantx" option, updated RPCs, install changes and support for TRUC transactions, among others.

What's changed?Bitcoin Core 30.0 has increased -datacarriersize to 100,000 by default, which effectively uncaps the limit (as the maximum transaction size limit will be hit first).

A new Bitcoin command line tool has been introduced in Bitcoin Core 30.0 to make features more discoverable and convenient to use. The Bitcoin tool calls other executables and does not implement any functionality on its own.

Bitcoin Core 30.0 introduces the folder "libexec," which contains binaries that are not typically directly invoked by users.

The update to RPCs allows Bumpfee without BIP-125 signaling. Support has been added for spending TRUC transactions received by the wallet, as well as creating TRUC transactions, ensuring that TRUC policy rules are being met.

The new Bitcoin command supports one new feature: an (experimental) IPC Mining Interface that allows the node to work with Stratum v2 or other mining client software.

In Bitcoin Core 30.0, the "maxorphantx" option no longer has any effect, since the "orphanage" no longer limits the number of unique transactions.

Wed, 8/10/2025 - 15:45

$3,500,000,000 in one week pushes BlackRock Bitcoin ETF to make statement on Wall Street

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Institutional players have been active in the past week amid the Bitcoin (BTC) price increase. The Bitcoin exchange-traded fund (ETF) market witnessed massive inflows, with all asset managers raking in cash as interest spiked. BlackRock’s IBIT led the inflow, emerging as the leading asset manager.

Institutional investors drive historic Bitcoin ETF surgeAccording to insights from senior ETF analyst at Bloomberg Eric Balchunas, BlackRock’s IBIT led with $3.5 billion in weekly flows. This represents 10% of all the net flows into the ETF market as it attracted more investment funds than any other ETF over the past week.

The Bitcoin ETF also beat traditional Wall Street rivals, including the SPDR Portfolio, S&P 500 ETF and Vanguard S&P 500 ETF.

$IBIT is #1 in weekly flows among all ETFs w/ $3.5b which is 10% of all net flows into ETFs. Also notable is the rest of the 11 OG spot btc ETFs all took in cash in past week, even $GBTC somehow, that's how hungry the fish are. Two steps forward mode. Enjoy while it lasts. pic.twitter.com/iNrcgiRVHV

— Eric Balchunas (@EricBalchunas) October 8, 2025 Interestingly, other asset managers like Fidelity, Ark Invest, VanEck and Bitwise all had more money flowing in than going out. This suggests that the week recorded massive interest from institutional investors in the flagship crypto asset.

Grayscale’s GBTC, which has become notorious for suffering heavy outflows due to its high fees, also recorded consistent inflows. Between Sept. 29 and Oct. 3, GBTC did not register any outflows. The worst that occurred was zero flow on Sept. 30.

Grayscale recorded its highest inflow on the first day of the week with $26.9 million. The other days were $9.2 million, $2.8 million and $18.3 million, in that order.

Ironically, based on Farside Investors data, BlackRock’s IBIT was the only asset manager within the week that recorded a net outflow of $46.6 million at the start of the week. However, in subsequent days, the fund shook off the bearish outlook and recorded inflows in an incremental pattern.

The least inflow was $199.4 million on the second day of trading, while it closed the week on a high of $791.6million. The other two days were $405.5 million and $466.5 million, respectively.

Analyst sounds caution as Bitcoin market maintains momentumEric Balchunas suggests that the market is in a bullish phase as investors increase their demand for Bitcoin exposure. "Two steps forward mode. Enjoy while it lasts," he stated.

The analyst is sounding caution despite the uptrend on the ETF market. He is implying that this surge in ETF inflows and market enthusiasm might not persist for long. However, as long as the uptrend continues, investors need to maximize the opportunity.

As of press time, Bitcoin, on the broader crypto market, has slipped by 0.24% and exchanged hands at $122,363.18 in the last 24 hours. Despite a slight drop, trading volume remains up by 11.39% at $76.47 billion. 

Related articles

Bitcoin’s On-Chain Profitability Has Surged With 97% of Supply Now in Profit: GlassnodeGlassnode says bitcoin’s breakout to record highs came on the back of $2.2 billion in ETF inflows and steady accumulation from smaller holders, not speculative hype. Oct 8, 2025, 3:47 p.m.

Bitcoin’s latest breakout is being fueled by institutions and steady on-chain demand rather than speculation, according to new data from Glassnode.

In the Oct. 8 edition of its "The Week On-chain" newsletter, the analytics firm said bitcoin’s surge to a new all-time high near $126,000 earlier this week was powered by strong ETF inflows and consistent accumulation from smaller market participants.

STORY CONTINUES BELOW

The move pushed bitcoin into fresh price discovery before consolidating near $122,500 on Wednesday.

ETF demand returnsGlassnode said more than $2.2 billion flowed into U.S. spot bitcoin ETFs within a single week, marking one of the strongest waves of institutional buying since April.

Those inflows reversed the mild redemptions seen in September and helped absorb much of the available supply on exchanges.

The firm noted that the fourth quarter has historically been bitcoin’s most favorable season, as professional investors often rebalance portfolios toward higher-risk assets such as crypto and small-cap stocks.

Sustained ETF demand, it added, could continue to anchor prices as year-end approaches.

Smaller holders drive accumulationGlassnode’s on-chain data show that mid-tier holders, or wallets containing between 10 and 1,000 BTC, have been the main buyers behind the latest leg higher.

These accounts have apparently steadily increased their balances while larger whales have taken moderate profits, creating what the firm described as a “more organic accumulation phase.”

Nearly 97% of circulating supply is now in profit, a level that typically marks late-stage bull cycles but does not yet show signs of exhaustion.

The report highlighted the $117,000–$120,000 zone as a key area of on-chain support, with roughly 190,000 BTC last transacted there — a price range where new buyers may step in if markets pull back.

Leverage adds a note of cautionWhile Glassnode described market conditions as “robust but maturing,” it cautioned that futures open interest and funding rates have both risen sharply. It noted that annualized funding now exceeds 8%, suggesting a buildup of leveraged long positions that could heighten short-term fragility.

Even so, Glassnode argued that realized profits remain controlled compared with prior market tops, signaling that investors are rotating holdings rather than rushing to exit.

A structurally strong marketOverall, Glassnode said bitcoin’s structure remains sound, underpinned by institutional demand, deep liquidity, and broad-based accumulation.

The firm concluded that as long as ETF inflows persist, bitcoin’s rally could extend further into the fourth quarter, reinforcing its position as the most structurally supported uptrend in years.

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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Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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This Trend Has Marked Local Tops in Bitcoin, but This Time May Be Different

14 minutes ago

Despite increasing by 450,000 BTC since July, short-term holders remain below prior highs, signaling tempered market sentiment.

What to know:

Short-Term Holders now hold about 18% of Bitcoin’s circulating supply, down from 22% and 20% in previous peaks.Each cycle since 2024 shows diminishing speculative interest from short-term holders. Read full story

The Shiba Inu price is nearing a potential breakout as an analyst forecasts a “discharge” in momentum, with key support at $0.00001080 and resistance at $0.00001760.

Newton Gitonga2 min read

8 October 2025, 03:52 PM

After several months of stagnation in prices, a TradingView analyst has estimated that Shiba Inu could experience a momentum breakout soon. The asset has been range-bound since April, and the price dynamics show an accumulation and hesitation among traders.

The projection indicates that the token may move towards the upper resistance before retracing, potentially leading to a new wave of buying. Despite recent drawbacks, the market sentiment for Shiba Inu remains optimistic, driven by hopes of a sustained rally.

Analyst Highlights Key Support and Resistance ZonesForexDreamVantage, a TradingView analyst, notes that Shiba Inu has been confined to a narrow range of consolidation over the past six months. The chart indicates that the token is moving between the areas of 0.00001080 and 0.00001760, with the lower limit serving as a “strong buy zone.”. The analyst determined this level as one of the key areas where buyers have consistently re-entered the market, helping maintain price stability.

Shiba Inu 1-day chart. Source: TradingView

In contrast, the upper region around $0.00001760 was described as the “trend reversal zone.” This level reportedly acted as a key resistance point on May 12, when Shiba Inu failed to break higher. 

ForexDreamVantage indicated that SHIB may retest this resistance before retracing toward the $0.00001080 level to gather liquidity. The move, according to the analyst, could generate the strength required to push above the long-standing resistance barrier finally.

However, he emphasised that the upcoming rally hinges on the performance of major cryptocurrencies, particularly Bitcoin’s price trajectory. He pointed out that with Bitcoin currently experiencing a significant upswing, Shiba Inu could benefit from this optimistic sentiment and follow suit.

Market Pullback Tempers Short-Term MomentumThe crypto market in general has experienced a correction, which marginally deflated the momentum of SHIB in the short term. Statistics indicate that the price of Shiba Inu dropped to a daily low of 0.00001212, which is a 5.31% decrease after hitting the highest price of 0.00001281. 

At the time of writing, Shiba Inu was trading at $0.00001216, reflecting a modest 1.3% decline in the last 24 hours.

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Latest Shiba Inu News Today (SHIB)

Ethereum (CRYPTO: ETH) is rangebound around $4,500, but a decisive move may be on the cards within the next two months.

What Happened: In his latest podcast update, crypto analyst Benjamin Cowen highlighted that ETH's behavior mirrors the 2016–2017 cycle, when Ethereum lagged Bitcoin during its October surge, trading in a range while waiting for its 20-week SMA and 21-week EMA ("bull market support band") to catch up.

He expects a similar pattern now: dips toward ~$4,000 likely attract buyers, while resistance near prior cycle highs may cap rallies.

Cowen warns against assuming ETH will immediately follow Bitcoin's moves.

Historical patterns show BTC strength can precede ETH by weeks, as seen in September when Bitcoin gained ~5% while Ethereum fell ~5%.

On market flows, rising BTC dominance (from ~57% to ~59% since early September) suggests liquidity continues to consolidate in Bitcoin, often pulling strength away from altcoins like ETH until the bull market band signals a breakout.

Also Read: Grayscale Launches Wall Street’s First Ethereum, Solana Staking ETFs

What's Next: Macro events such as a potential late-October Bank of Japan rate hike could temporarily extend the range before Ethereum resumes upward momentum.

Cowen's base case anticipates ETH ranging as its support band rises, then eventually breaking out to continue its market-cycle run, with the next bear market expected in 2026.

Ethereum may continue a patience-driven consolidation near $4,500–$4,000 before a structural breakout aligns with its long-term bull cycle.

Read Next:

Ethereum To Rise Above $5,000 In 2025? Polymarket Bettors See 87% Odds As Arthur Hayes Loads Up On ETH
Image: Shutterstock

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Satoshi Nakamoto envisioned Bitcoin as “peer-to-peer electronic cash” for direct transactions without intermediaries. Today, as corporate treasuries accumulate massive Bitcoin holdings, ChangeNOW’s chief strategist argues stablecoins—not institutional hoarding—are fulfilling that original vision.

BeInCrypto sat down with Pauline Shangett, Chief Strategy Officer at ChangeNOW, during her recent APAC tour to discuss the company’s evolution and her contrarian take on crypto’s competing trends.

From Swap Service to B2B Infrastructure
ChangeNOW began in 2017 as a non-custodial instant swap service—no accounts, no questions asked. But Shangett says the company’s ambitions quickly expanded beyond retail trading.

“Our B2B platform evolved into something much more than just changing crypto,” she explains. The company developed NOWPayments for merchants and NOWNode for RPC infrastructure, eventually consolidating everything under the umbrella of NOW Solutions—a comprehensive crypto management platform for businesses across Web2 and Web3.

The Treasury Problem
As Bitcoin ETFs gain mainstream acceptance and companies like MicroStrategy accumulate massive Bitcoin holdings, many celebrate institutional adoption as crypto’s coming-of-age moment. Shangett sees it differently.

“MicroStrategy holds 7 percent or more of Bitcoin’s supply at this point,” she notes. “They’re adding another man in the middle by selling treasury bonds on Bitcoin. This is not what crypto was founded on.”

She draws a stark comparison to America’s housing crisis. “Just like landlords buying up real estate in bulk and pricing out everyday buyers, institutionalists are buying Bitcoin, artificially inflating prices. When the time comes to sell, the market won’t be in a good situation.”

Her advice to retail traders? “Buy Bitcoin directly. It’s an insanely good investment class. Don’t count on treasury companies to take care of your assets.”

Stablecoins: Crypto’s Real Killer App
While skeptical of Bitcoin treasuries, Shangett is bullish on stablecoins—particularly for payments and remittances.

“What the general public actually needs is to send money across countries and preferably pay with that money everywhere,” she says. “Sending USDT from Dubai to Singapore doesn’t take three to five business days anymore, and it’s significantly cheaper than bank transfers.”

This matters for both institutions and individuals. Migrant workers sending money home, businesses conducting cross-border transactions, and people in countries with limited banking infrastructure all benefit from stablecoin rails.

“People who might not even be in the crypto community desperately need this infrastructure,” Shangett emphasizes. “Instead of developing 50,000 stablecoins or chasing hype, projects need to focus on letting people interact with stablecoins in a reliable manner that mitigates user error.”

ChangeNOW is positioning itself to work with neobanks, exchanges, payment systems, and crypto cards to enable seamless stablecoin payments. “Traditional off-ramping is slow and expensive. Even P2P on bigger exchanges like Binance risks scams. We’re building infrastructure that lets people pay with crypto everywhere without worrying they’ll lose their money.”

The Sovereignty Question
But what about government concerns? Many countries, particularly those with weaker currencies, fear that stablecoins could undermine their monetary sovereignty.

Shangett acknowledges the challenge. “That’s why so many countries are doing CBDC research. It will take a while for governments to legitimize stablecoins and realize CBDCs aren’t really the answer.”

She says the crypto industry is self-regulating effectively, introducing tools to ensure funds aren’t contaminated or from illegitimate sources. “I’m happy with what’s going on now. I’m very excited for what’s going to be going on in the future.”

America vs. The World
Asked which trend will dominate—stablecoins or Bitcoin treasuries—Shangett sees a geographic split.

“Bitcoin treasuries are mostly in America and Europe,” she observes. “In Asia, people are paying more attention to stablecoins. The trend of intercontinental payments is going to be stronger than just big corporations buying out Bitcoin liquidity.”

She’s blunt about treasury companies’ motivations: “They’re grift, chasing after profit. Bitcoin was invented as electronic cash for peer-to-peer transactions, so people could transact without governments and big corporations spying on them. I think treasuries as a trend are actively harming the space.”

While she doesn’t expect treasuries to disappear—they occupy too much of the market—she predicts they’ll remain primarily an American phenomenon. “When the trend passes, most smaller treasuries will either sell off and disappear or be absorbed by bigger players.”

The APAC Opportunity
ChangeNOW’s recent tour through Bali, Japan, Hong Kong, Korea, and Singapore wasn’t just for Token2049. The company is actively scouting partnerships across Asia.

“It’s amazing to see how people and governments are waking up to crypto,” Shangett says. “The Asian market is what’s going to be driving adoption in the coming years. There are so many amazing projects we’re super interested in partnering with.”

She’s particularly excited about Korea’s thriving ecosystem and Japan’s recent regulatory embrace. “The Japanese government just created a crypto hub supporting startups. They’re ready to invest, and we’re ready to tap into that.”

Final Words
As our conversation wraps up, Shangett offers parting advice that encapsulates her pragmatic approach to crypto: “Stay safe, have fun but not too much. Stack your sats, pay with stablecoins, and everything’s going to be all right.”

It’s a vision of crypto that prizes utility over speculation, peer-to-peer transactions over institutional accumulation—essentially, a return to Satoshi’s original whitepaper with modern infrastructure built on top. If ChangeNOW’s APAC expansion succeeds, Shangett’s bet on payments could prove prescient.

Disclaimer

In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Polygon has activated the Rio hard fork on its proof-of-stake network, introducing major changes to block production and validation.

Journalist

Posted: October 8, 2025

Key Takeaways 
Why is ENA falling?
A 10% drop followed declining volume and heavy sell pressure from recent token unlocks.

What could shift sentiment for Ethena?
Holding wedge support and easing futures shorts might spark a short-term rebound before November’s next unlock.

Ethena [ENA] finds itself at a crossroads. After a sharp 10% drop, traders are watching whether the recent cooldown marks a pause or the start of a deeper slide.

AMBCrypto examined on-chain signals, trading data, and upcoming token unlocks to understand whether ENA’s current pressure could evolve into a broader trend shift.

Volume fades, liquidity dries up
The latest slump followed a noticeable decline in trading volumes, suggesting that the enthusiasm that fueled earlier gains has tapered off.

Lower liquidity typically amplifies volatility, making price moves more erratic once sellers gain control.

Source: Messari

Oversold indicators, but Futures’ bias stays bearish
On the technical chart, Stochastic RSI hovered near 22, at press time, deep in oversold territory, hinting that a short-term relief bounce could follow before testing the $0.45–$0.47 wedge support zone.

Even so, optimism among long-term holders persists as ENA’s consolidation phase nears completion on higher timeframes.

Source: TradingView

However, the Futures market presents a distinct picture.

According to Futures Taker CVD (Cumulative Volume Delta) from CryptoQuant, data showed dominance from taker-sell activity over the last 90 days.

It meant that leveraged traders continued to bet on further downside.

Source: CryptoQuant

This divergence between oversold technicals and persistent bearish futures sentiment leaves ENA in a precarious zone. If buyers fail to defend the current range, a retest of the wedge support appears increasingly likely.

Token unlock adds selling pressure
Adding to the headwinds, data confirmed that 171.88 million ENA worth $101.37 million entered circulation on the 5th of October, raising supply amid declining demand.

Such unlocks often trigger short-term selloffs as recipients offload newly available tokens, and the timing of this event likely amplified ENA’s recent slide.

Another 40.63 million ENA unlock, valued at roughly $21.82 million, is scheduled for the 2nd of November, which could keep downside pressure alive in the near term.

Source: Tokenomist

Key levels to watch
If ENA can hold its wedge support, short-term traders might attempt a rebound toward $0.55–$0.60.

Failure to maintain this level, however, could expose the token to further losses, especially as more unlocked tokens enter the market and futures traders maintain bearish positioning.

Customers can pay in BTC while merchants receive instant settlement, either in Bitcoin or USD.

Photo: David Becker

Key Takeaways

Square today announced the launch of Square Bitcoin, a fully integrated payments and wallet solution designed to make Bitcoin usable for everyday business transactions.
The new offering allows merchants to accept Bitcoin payments directly from their point of sale with no processing fees for the first year.

Jack Dorsey’s Square today launched an integrated Bitcoin payment and wallet solution for business owners, allowing merchants to accept Bitcoin and manage it alongside their finances with no processing fees on payments for the first year.

Called Square Bitcoin, the solution emphasizes seamless integration and ease of use, enabling businesses to accept Bitcoin alongside traditional card payments. Square positions it as a way for merchants to simplify Bitcoin adoption while gaining more flexibility and control within their existing payment systems.

Jack Dorsey, co-founder of Block Inc., has advocated for Bitcoin as a borderless and permissionless financial system that challenges traditional payment giants. His vision promotes Bitcoin as a replacement for outdated payment infrastructures, enabling businesses to operate independently like their own banks.

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