Track market-moving stories before they get noisy

TLDR:

Santiment reported that 169,770 ETH left exchanges in one day, the largest daily outflow in more than four months and a possible supply-side support signal.
A similar June 5 outflow episode preceded roughly 223,800 ETH in net withdrawals and an ETH price bottom, though that historical sequence does not ensure another rebound.
Two early Ethereum holders reportedly sold 4,000 ETH combined, including a nine-year investor who bought at $18.83 and an ICO participant who paid about $0.31.
ETH traded near $2,376.62 below $2,385 support, while futures CVD, Parabolic SAR and MACD favored sellers; a whale’s liquidation levels sat at $2,256.45 and $2,226.53.

Ethereum price faced mixed signals on Oct. 24. Exchange withdrawals accelerated, but several market measures still pointed to selling. Santiment reported that 169,770 ETH left exchanges in one day, the largest daily outflow in more than four months. Lookonchain flagged 93,184 ETH in whale long positions, valued near $214 million. The positions could face liquidation if ETH falls toward those levels. 

Source: Coingecko
Lookonchain listed liquidation levels at $2,256.45 and $2,226.53. The daily chart showed ETH near $2,376.62 after it lost $2,385.62 support. That left the near-term rebound case uncertain. Traders must weigh reduced exchange supply against long-term sales and derivatives pressure for now.

Ethereum Price Gets a Supply Signal From Exchange Outflows
The outflow total evoked a Santiment comparison with June 5. After that spike, Ethereum registered about 223,800 ETH in net exchange outflows as its price formed a local bottom. ETH later rebounded, making the earlier episode relevant to traders watching supply conditions now. Still, the comparison is a historical reference, not evidence that prices will follow the same path.

Exchange outflows can reduce the ETH immediately available for sale on trading venues. They can also reflect transfers to private wallets or other activity, rather than new purchases. That limits what the market can infer from a single day’s flows.

Analysts should distinguish netflows from gross withdrawals. Santiment’s figure described net ETH leaving exchanges, while wallet transfers do not reveal who moved coins or why. The comparison with June adds context, but only later price action can show whether withdrawals preceded renewed demand. June’s rebound does not promise another similar move.

Source: Santiment
Early investor selling offered a counterpoint to the outflow signal. Lookonchain said one Ethereum investor sold 3,000 ETH worth about $7.23 million. The investor reportedly bought the coins nine years ago at $18.83 each. At the reported sale value, that represented an approximately 128-fold gain.

Another initial coin offering participant sold 1,000 ETH. That investor originally bought 100,000 ETH at around $0.31 each. Together, the two early holders sold 4,000 ETH. Those transactions show that some long-term holders are taking profits while exchange balances decline. They do not prove broad selling across the entire holder base. They weaken the idea that withdrawals confirm a bullish shift.

Ethereum Price Faces Risk From Futures Selling and Whale Leverage
CryptoQuant’s Ethereum Futures Taker CVD continued to favor sellers. The metric tracks cumulative differences between market buy and sell orders across ETH futures. A seller-dominant reading means aggressive sell orders exceeded buys during the measured period. It points to derivatives pressure, although the measure cannot forecast each move.

Source: CryptoQuant
The daily chart showed the Ethereum price below $2,385.62 after it failed to hold a recovery toward $2,540.68. The Ethereum price stood near $2,376.62, with repeated attempts to stabilize around support failing to produce a convincing rebound. Parabolic SAR remained above the market price at $2,509.93. The MACD also held a bearish crossover, and its histogram read negative 8.90.

That setup left $2,385 as a level bulls needed to reclaim. If ETH fails to recover it, $2,300 becomes a possible next downside test. The technical indicators reinforced caution, while the outflow data offered a possible supply-side counterpoint. These two signals track different market behavior and can appear at once.

Lookonchain also flagged 93,184 ETH in whale long positions, valued at approximately $214 million. It cited two liquidation levels: $2,256.45 and $2,226.53. A fall through either threshold could force positions to close. Forced closures may add sell orders to an already weak market, though liquidation figures do not guarantee execution. The levels identify where traders face risk; they do not predict that ETH will reach them.

The largest meme token by market capitalization, Dogecoin has seen the weakness caused by the broad market volatility extend to its ETF ecosystem.

While momentum remains weak, the latest data from SosoValue shows that Dogecoin ETFs have recorded their largest outflow since August this week.

Dogecoin posts $538,000 in ETF outflow this weekNotably, the data shows that Dogecoin ETFs have recorded about $538,000 in net outflows this week as the broader crypto market continues to face steady declines. 

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The Dogecoin ETF market has continued to see slower participation from investors, as they see little to no weekly inflows month after month.

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Nonetheless, the withdrawal seen this week marks the largest outflow recorded since mid-August, when it posted a weekly outflow of over $564,000.

Notably, this marks a setback for the Dogecoin ETF ecosystem as it struggles to maintain positive momentum amid uncertain market conditions, posing a risk of further price declines.

With such slow ETF performance, it appears that institutional investors are exercising caution to hedge against potential losses during this volatile period.

Dogecoin price outlookWith momentum already fading, the poor ETF performance provides a bearish outlook for Dogecoin's price as it signals slow demand among investors.

The ETFs closed the poorly performing week alongside a substantial decline in the price of DOGE, which was hovering around $0.07553 as of October 24, following a price decline of 5.62% over the last 24 hours.

Nonetheless, it is important to note that a single week of outflows does not necessarily confirm a lasting decline in institutional demand. As such, market participants remain hopeful for a shift in market sentiment soon.

Despite Cardano’s recent price pullback, famous market analyst Crypto Captain remains confident that ADA could go parabolic before the end of 2026.

Crypto Captain made the bold prediction yesterday, even as Cardano traded below $0.22. Undeterred by the token’s recent weakness, he projected a potential parabolic rally to $4, significantly above its previous all-time high.

The analyst accompanied his prediction with a weekly chart illustrating Cardano’s historical price movements and a possible long-term recovery trajectory.

Cardano Chart Points to Potential Rally Toward $4
The weekly chart tracks ADA’s price action from 2023 through 2026, with a projection extending into 2027. At the time of the analysis, Cardano traded around $0.2157, following a prolonged decline from its early January 2025 high above $1.

Meanwhile, an ascending trendline connects previous price movements, highlighting a potential long-term recovery pattern. The chart also shows a shaded projection of ADA potentially rallying sharply beyond its previous all-time high of $3.10 before reaching Captain’s $4 target.

Notably, Captain expects this move to materialize before the end of 2026. However, with only a little over two months remaining in the year, his prediction raises questions about what could trigger such a dramatic turnaround, particularly given ADA’s recent underperformance. 

Crypto Captain Cardano Chart
ADA Faces a Steep Climb to Reach $4
Since Captain shared his prediction, ADA has slipped below the psychological $0.21 threshold before recovering above that level. At press time, it traded at $0.2107, down 2.47% over the preceding 24 hours.

From this price, Cardano would need to rally 1,799% to reach $4. Such a rally would establish a new all-time high, surpassing its previous peak of around $3.10.

Given the current circulating supply, a $4 price would also imply a market cap of $147.22 billion, underscoring the scale of the rally required to achieve Captain’s target.

Other ADA Price Predictions Are More Conservative
While Crypto Captain anticipates a parabolic move toward $4, other projections suggest a more modest recovery for Cardano by year-end.

For instance, Changelly projects that ADA could trade between $0.20 and $0.24 by December 2026. Reaching the upper end of that range from $0.2107 would require a gain of approximately 13.9%.

Cardano Price Prediction From Changelly
Meanwhile, prediction platform Telegaon sets a maximum year-end target of $1.43 for ADA. Reaching that level would require an increase of approximately 579% from its current price.

Cardano Price Prediction From Telegaon
These forecasts highlight the wide gap between analysts’ expectations for Cardano in the coming months. Given this uncertainty, investors should exercise caution when assessing ADA’s price prospects.

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.

According to crypto analyst Ali, Cardano has been trading inside a rising parallel channel since the end of June.

A rising parallel channel (or ascending channel) is a bullish technical analysis chart pattern that emerges when the price of an asset moves upward between two parallel diagonal lines. This is a controlled uptrend as buyers are slowly pushing prices up, but sellers are taking profits at resistance and creating temporary pullbacks. This pattern, though bullish, can carry bearish reversal risks depending on how the price breaks.

During the period when ADA traded within the rising parallel channel pattern, ADA rose from a low of $0.138 to a high of $0.282.

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CARDANO BREAKDOWN CONFIRMED
Since late June, Cardano has been trading within a rising parallel channel that took $ADA from a low of $0.138 to a high of $0.282.
Now, Cardano appears to have broken below the channel’s lower boundary, signaling that a deeper correction could be underway.
As long as $0.220 holds as resistance, ADA could face a roughly 20% decline toward $0.166.

— Ali Charts (@alicharts) October 24, 2026
Cardano now faces a critical test: Ali observed that it appears that Cardano might have broken below the channel's lower boundary, signaling the possibility of a deeper correction.

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According to the technical setup, the $0.220 level has emerged as a key resistance zone, and as long as this level holds as a barrier, ADA could face a roughly 20% decline toward $0.166.

What indicators sayIn a separate X post, Ali cited a few signals that might suggest that Cardano could be eyeing a major move, possibly downward.

According to Ali, historically, changes in the holdings of whales holding 100 million to 1 billion ADA have often coincided with major moves in Cardano's price. But their holdings have been relatively flat for the past 10 days. So far, these large investors are not showing a clear directional bias.

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The ADA chart, however, is flashing a warning as Cardano's SuperTrend indicator has flipped bearish. The last comparable signal appeared on May 22 and was followed by a 46% correction. That doesn't mean history will repeat, but it makes the current signal worth watching.

This could spark a decline to $0.21, the lower boundary of Cardano's rising channel. A daily close below it would signal a breakdown and send ADA to $0.17.

At the time of writing, ADA was down 4.03% in the last 24 hours to $0.20 amid a broader crypto market drop. The cryptocurrency is down 6.05% weekly, entering its third day of decline since October 21.

In positive news, a public Dijkstra testnet has gone live, advancing testing for Cardano's next major upgrade. 

Elliott Wave analyst V has warned that Cardano has yet to reach its final bottom, raising the possibility of another decline if ADA breaks below a key technical support level.

V identified Cardano as a strong candidate for a cryptocurrency that could establish a new low. Notably, he emphasized that a breakdown below the lower boundary of its ascending price channel could strengthen this bearish outlook.

Cardano Risks Falling to $0.14
V’s accompanying chart shows Cardano trading within an ascending channel since it reached a low of $0.1384 in June 2026. The pattern consists of two upward-sloping trendlines, with the lower boundary providing support during previous pullbacks.

However, ADA has recently approached this lower trendline after retreating from the $0.28 region in early October. At the time of the analysis, it traded around $0.217, placing it near a critical support area.

Moreover, V’s chart projects a potential decline toward $0.14 if ADA decisively breaks below the channel. He marked this level as “confirmation,” suggesting that a deeper correction could validate the bearish scenario.

Despite this outlook, V indicated a willingness to buy ADA again if the cryptocurrency establishes another low.

V Cardano Chart
Previous Drop to $0.14
For context, Cardano last traded around $0.14 in late June 2026, when its price plunged to approximately $0.1384. Rising tensions within the ecosystem, including reports of founder Charles Hoskinson taking a short break from the project, contributed to the market uncertainty surrounding ADA.

Cardano subsequently recovered from that low, climbing toward $0.28 this month before retreating alongside the broader cryptocurrency market.

Although some market participants may believe ADA has already experienced the worst of its downturn, V’s analysis suggests that a breakdown below the ascending channel could trigger another decline toward the June low.

Ali Martinez Also Warns of a Cardano Breakdown
Meanwhile, V is not the only analyst anticipating further downside for Cardano. Market analyst Ali Martinez has also issued a warning that ADA could face a deeper correction.

He noted that Cardano traded within a rising parallel channel from late June, climbing from $0.138 to a high of $0.282. However, he indicated that ADA had broken below the channel’s lower boundary following the token’s drop below $0.22, signaling that a correction could be underway.

Martinez further identified $0.220 as a key resistance level. As long as ADA remains below that threshold, he projects that ADA could face a roughly 20% decline toward $0.166.

In the meantime, it remains uncertain whether ADA could experience a significant downturn below $0.20.

Bitcoin has spent October making both bulls and bears look foolish. It slipped below $80,000 last week, recovered toward $84,000 this week, then fell back toward $81,000.

Each bounce has looked promising. Each reversal has exposed how little confidence there is behind it.

The damage is much worse beneath Bitcoin’s price. In its October 17–23 Token Pulse report, Bitunix found that roughly 80% of the 300 largest tokens it tracks lost value.

Their median weekly return was −3.98%, compared with Bitcoin’s relatively modest 0.71% decline. Cardano, NEAR and SUI lost more than 5%. Starknet’s STRK plunged 39.2%.

An overall crypto market recovery becomes harder to sustain when most cryptocurrencies are still falling.

Bitcoin Volatility Between $80,000 and $84,000 in October Why Does Bitcoin Keep Reversing Course? Expectations for US interest rates have shifted repeatedly. Early-week comments about labor-market weakness encouraged hopes of further Federal Reserve cuts. Bitcoin rose as investors anticipated cheaper money.

Stronger economic data then challenged expectations for rapid easing, sending it lower again, according to Bitunix.

Institutional money has been equally unpredictable.

US spot Bitcoin ETFs attracted $526.7 million on October 19 and $524.8 million on October 21. The following day, $635.6 million flowed out. 

That represents a remarkable $1.16 billion swing in net flows between consecutive sessions.

Macro Pressure on Crypto Markets The pressure extends beyond crypto.

In Bitunix’s weekly stock-contract review, Intel fell 10.52% and Micron declined 8.05%. On October 22, the Nasdaq lost 2.6% as investors questioned the enormous cost of the AI boom.

Bitcoin fell alongside technology shares as investors reduced their appetite for risk.

Oil complicates the outlook further. Brent gained 6.8% over Bitunix’s reporting period amid escalating Middle East tensions. More expensive energy could keep inflation elevated, making interest-rate cuts harder to justify.

Even the few crypto winners are struggling. Lighter’s LIT gained 12.19% over seven days, supported by stronger platform activity and plans to seek US derivatives registrations. Yet it dropped more than 11% in the final 24 hours.

Will Bitcoin Recover Before October Ends? The next major test arrives almost immediately.

The Federal Reserve meets October 27–28, followed by the September core PCE inflation report on October 29.

Annual core PCE inflation stood at 3.0% in August, still above the Fed’s 2% target.

Cooler inflation or reassuring Fed guidance could help Bitcoin challenge 84,000–85,000 again.

Persistent inflation, further ETF withdrawals or another technology-stock selloff could bring $80,000 back into focus.

For now, repeated recoveries show buyers remain willing to step in near $80,000. The sharp reversals suggest they have yet to establish control.

October’s volatility reflects a market with buyers at lower prices, but limited confidence in a sustained rally.

Disclaimer

BeInCrypto independently reports and controls this Feature. Quoted views belong to their speakers. This content is general and non-personalized; it does not consider your circumstances and is not investment research, financial, investment, legal or tax advice, or an offer, endorsement or recommendation to transact in any crypto-asset, product or service. Verify material information before acting. Crypto-assets are volatile and may result in total loss. BeInCrypto gives no warranty as to completeness, accuracy or timeliness, except where required by law.

Tether’s reported $6.8M payment to Nxum Group, co-founded by ex-White House crypto advisor Bo Hines, has drawn congressional scrutiny. 

According to Senator Richard Blumenthal, a ranking Democrat on the Senate Permanent Subcommittee on Investigations (PSI), the allegations raise ethics and corruption concerns.

For further clarity, Blumenthal asked Tether to clarify the alleged payments and potential conflict of interest by 3rd November. He wrote, 

Tether’s alleged multimillion dollar payment to a firm controlled by the White House official primarily responsible for cryptocurrency policy implicates federal ethics, anti-corruption, and lobbying laws.

Sen. Blumenthal wants Tether to submit all payments to Bo Hines, including the crypto wallet addresses used, between January and August 2025. The Senator also asked for documentation of all lobbying services Nxum offered Tether. 

Tether’s growing regulatory scrutiny Bo Hines left the White House Crypto Council last August and was shortly hired by Tether as a strategic advisor. He now oversees Tether’s U.S operations. 

While serving as President Trump’s Chief Crypto Advisor, Tether reportedly routed payments through a third-party marketing firm called Notorious. Hines’ Nxum allegedly began getting direct payments after he left White House last August. Blumenthal also sought clarity on the arrangement with Notorious. 

In fact, some reports alleged that the payments by Tether were meant to seek more time to comply with U.S GENIUS Act provisions and keep its offshore operations. 

For its part, Tether acknowledged knowing the allegations,which were first reported by the Wall Street Journal in mid-October. However, the stablecoin issuer denied the claims, 

External counsel previously conducted an in-depth internal investigation into the matter, which found no evidence of wrongdoing.

Earlier in October, Blumenthal sought clarity on Tether’s relationship with Cantor Fitzgerald, the issuer’s reserve custodian. The Senator also pressed the Department of Justice (DOJ) to investigate Tether’s role in Iranian crypto illicit flows. 

Despite growing Tether scrutiny, however, USDT adoption has continued to rise, especially overseas. Total USDT users crossed 700M for the first time in Q3, translating to 6% quarterly growth. Over $70B or 39% of USDT supply is now dominated by savers, underscoring that the stablecoin goes beyond just payments.

Source: Tether  Final Summary Senator Blumenthal raised ethics and corruption concerns about Tether’s alleged $6.8M payments to ex-Trump crypto advisor Bo Hines.  Tether denied the claims and any wrongdoing, citing an ‘in-depth internal investigation.’ 

HSBC, one of the world’s largest banking institutions, has launched RedCoin, a Hong Kong dollar-backed stablecoin, making it available to more than 3.3 million users of its PayMe mobile payment app. The bank activated RedCoin on Friday, allowing users to send tokens to friends or pay at over 100,000 affiliated merchants in Hong Kong.

RedCoin Launch and FeaturesRedCoin (ticker: RCHKD) is designed as a stablecoin, maintaining a 1:1 peg with the Hong Kong dollar. The new digital currency enables users to make payments, transfer money among contacts, and shop at local outlets via the PayMe platform, without the need to interact with traditional crypto exchanges.

John O’Neill, HSBC’s managing director of digital assets and currencies, stated the bank aims to expand RedCoin’s reach in the near future. “We are excited by the market’s interest in HSBC RedCoin. This is only the beginning. We will soon add more products, including expanding into wholesale corporate and institutional use cases.”

“We are excited by the market’s interest in HSBC RedCoin,” noted John O’Neill. He confirmed that product expansion is already underway, with plans to move into wholesale, corporate, and institutional applications.

HSBC received its issuer license for RedCoin from the Hong Kong Monetary Authority (HKMA) in April. The HKMA, which acts as the city’s de facto central bank, implemented a new stablecoin regulatory regime in August 2025 that saw more than 36 companies compete for licenses.

At launch, HSBC’s reserve tracker reported approximately $10.2 million in RedCoin circulation, fully backed by $10.4 million in cash reserves. While the volume is significantly smaller than the over $300 billion stablecoin market currently dominated by Tether’s USDT and Circle’s USDC, RedCoin marks a shift as it is issued by a major global bank directly to retail consumers for practical everyday use.

StablecoinBacking AssetsIssuerCirculation after LaunchBlockchain PlatformRedCoin (RCHKD)100% CashHSBC$10.2 millionHSBC Private LedgerUSDTReserves (cash and equivalents)Tether$100+ billionEthereum, Tron, othersUSDCReserves (cash and equivalents)Circle$30+ billionEthereum, othersRedCoin operates on HSBC’s private ledger, and its balances are confined within the PayMe ecosystem; transfers between PayMe and HSBC’s main banking app are not possible. Unlike standard bank deposits, RedCoin is not covered by the Hong Kong Deposit Protection Scheme, meaning users do not have deposit insurance on these digital holdings.

Later this year, HSBC plans to introduce RedCoin to its HK Mobile Banking app. This rollout will allow customers to access a tokenized share class of HSBC’s existing Hong Kong dollar money market fund via RedCoin.

Mini dictionary: Tokenization refers to converting rights to an asset, like shares or real estate, into digital tokens on a blockchain or ledger system. These tokens represent ownership and can be traded more efficiently, often with lower costs and enhanced transparency.

Audit Plans and Market ContextHSBC expects to publish the first independent attestation of RedCoin’s reserves—a third-party auditor’s verification confirming the cash backing—after the fourth quarter of 2026.

Historically, stablecoins have been dominated by crypto-native issuers like Tether and Circle, with the majority of tokens circulating on public blockchains and used mainly for trading or settlement operations. RedCoin’s direct integration into mainstream financial services reflects a growing trend of traditional banks entering the stablecoin market, offering consumers direct access through familiar platforms.

Upcoming Dollar Stablecoin From 21 Major BanksIn a related development, 21 major global banks, including Goldman Sachs, Bank of America, and Citi, announced plans to establish a jointly owned company to issue a U.S. dollar stablecoin. The yet-unnamed venture is scheduled for formation in the second half of 2026, with a launch target for the first half of 2027. The new stablecoin initiative, if completed, could significantly increase institutional involvement and competition within the stablecoin sector.

These moves highlight how leading banks, through innovations like RedCoin, are gradually integrating blockchain-based payment tokens into everyday consumer finance and positioning themselves to capitalize on the rapidly expanding world of digital assets.

The Stellar Blockchain is going private!

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24 October 2026 | 20:55 Zcash (ZEC) is down about 2% on Saturday, trading near $1,157 after a rebound stalled at its 50-day moving average and leveraged traders absorbed roughly $23 million in liquidations.

Binance’s ZEC/USDT daily chart on TradingView shows the token still trading more than 360% above its early-June low near $247, even after the latest pullback.

What happened at the 50-day SMA Earlier this week, ZEC snapped back from the 0.382 Fib with the 50-day SMA as the obvious target. The average did its job as resistance: the rally’s candle left a long upper wick right at the line, a sign that sellers were waiting there. The slide since has pulled price back toward the same floor it bounced from.

Leverage took the hit, but most of it is still there The damage showed up first in the futures market. About $22.8 million in ZEC futures positions were liquidated over the past 24 hours, mostly longs, according to CoinGlass. Over the same window ZEC fell roughly 7%, as Bitcoin briefly slipped below $80,000.

$22.8MFutures liquidated (24h) $2.25BOpen interest ~1%Share of open interest flushed ~15xFutures volume vs. spot (24h) The liquidation total sounds large until it is set against the size of the market. With open interest near $2.25 billion, the latest flush cleared only about 1% of outstanding futures positions, so leverage has barely been reset.

The rest of the data shows how much ZEC trading now runs through derivatives. Futures volume came to about $5.3 billion over the past day, roughly 15 times the $340 million traded on spot markets, and open interest equals around 12% of ZEC’s $19.5 billion market cap.

That cuts both ways. If the 0.382 floor breaks, a large pool of leveraged longs sits in the path of the decline and could add forced selling to it. If the floor holds and price turns up, the same heavy positioning could speed the move higher as shorts are forced to cover.

ZEC vs. XRP: same retreat, different damage Today’s XRP chart makes a useful comparison. Both coins are pulling back from late-summer highs, but the damage looks very different.

Measure ZEC XRP Deepest Fib level tested 0.382 0.618 (golden pocket) Price vs. 100-day SMA About 22% above Below Price vs. 200-day SMA About 64% above Below 50-day SMA slope Rising Curling lower Daily RSI About 45 About 36 The order of the averages is the same on both charts, with the 50-day above the 100-day and the 100-day above the 200-day. What differs is how much of that structure price has given up. ZEC’s pullback has also stopped at a much shallower point, with the 0.5 and 0.618 levels below it still untested, which suggests buyers are stepping in earlier.

Where the levels sit Level Price From current price September peak ~$1,695 +46% 0.236 Fib · start of the October breakdown ~$1,354 +17% 50-day SMA · rejected the rebound ~$1,296 +12% Current price ~$1,157 – 0.382 Fib · being retested ~$1,142 −1% 0.5 Fib + 100-day SMA ~$950–$971 −16% to −18% Golden pocket (0.618–0.65 Fib) ~$754–$800 −31% to −35% 200-day SMA · long-term baseline ~$707 −39% Chart note: daily ZEC/USDT candles from Binance on TradingView, with the latest candle still open. Fibonacci levels run from the early-June low to the September peak. Derivatives figures are a CoinGlass snapshot from Saturday afternoon (UTC) and update in real time.

Momentum and the bear case RSI sits near 45, a touch below its signal line and the 50 midpoint. That reading points to an orderly pause rather than heavy selling, and a move back above 50 would put momentum back on the buyers’ side.

The bear case: this is the second test of the 0.382 in less than a week, and the first bounce stalled well short of the 0.236. A floor that keeps getting revisited gives bulls less room for error.

ZEC is pinned between the 0.382 Fib near $1,140 and the 50-day SMA near $1,300. Scenario Trigger What opens up Upside The floor holds and ZEC posts a daily close above the 50-day SMA A possible move toward the 0.236 Fib, with the September peak a longer-term target if momentum returns Breakdown A daily close below the 0.382 before the end of October The $950–$970 cluster could come into play Bigger picture: Even a drop to that cluster would leave ZEC well above its 200-day SMA, with its uptrend structure in place. Only a slide into the golden pocket would put it in question. This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

Author

Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.

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Aave has just changed the borrowing conditions of USDT on its Ethereum V3 Core crypto market. Since October 21, rates increase faster as soon as 92% of liquidity is borrowed, compared to 94% previously. At a utilization level of 94%, the theoretical rate thus goes from 4.5% to 7%. The decentralized finance protocol aims to preserve more funds available for withdrawals.

In Brief

Aave lowers the optimal USDT utilization threshold from 94% to 92%.
At 94% utilization, the theoretical borrowing rate rises from 4.5% to 7%.
The change creates an additional theoretical buffer of 57.8 million USDT.

Aave Makes Crypto Borrowing in USDT More Expensive
The change took effect on October 21, at Ethereum block 26,241,799. Aave regularly adjusts the parameters of its markets to control risks. In July, the protocol had already considered removing several crypto reserves that had become unprofitable.

This time, the changes directly affect users who borrow USDT. The mechanism remains quite simple. On Aave, the borrowing rate depends on the proportion of deposits already used by borrowers. When liquidity starts to run low, interest rises to discourage new loans and encourage repayments.

The threshold from which this increase becomes particularly rapid falls from 94% to 92%. The other curve parameters remain unchanged. The base rate remains zero, the first slope at 4.5%, and the second at 10%.

At 94% utilization, the old configuration yielded an annual rate of 4.5%. With the new parameters, it reaches 7%. For a steady loan of one million USDT, this 2.5-point gap would represent an additional 25,000 USDT in interest over a full year if rates remained unchanged. Borrowings are not blocked beyond 92%, they simply become more expensive.

57.8 Million USDT of Potential Liquidity
LlamaRisk, responsible for monitoring several risks on Aave, recommended this change after examining the protocol’s crypto reserves. Its analysis covered about 2.89 billion USDT deposited versus 2.48 billion borrowed. The utilization rate was then 85.6%.

With the old 94% threshold, Aave planned to keep about 173.5 million USDT unborrowed when the market reached its optimal level. Switching to 92% raises this theoretical margin to 231.4 million.

That is an additional 57.8 million USDT. However, beware: Aave did not inject this amount into its reserves. It is a margin calculated based on the new parameters. For it to materialize, some borrowers must repay their positions or new depositors must bring funds.

The distinction matters particularly in crypto finance, where withdrawals depend directly on available liquidity.

Aave already knows the consequences of strong withdrawal demand. After the crisis caused by the KelpDAO hack, the protocol recorded 8.45 billion dollars worth of withdrawals in less than 48 hours. The episode fueled discussions about risk management and the resilience of major DeFi protocols.

Crypto Users Are Not Paying 7% Yet
The new curve does not mean that all USDT borrowers now pay 7% interest. This rate corresponds to a hypothetical situation where 94% of liquidity would be used. On October 23, Aave showed about 2.89 billion USDT deposited, 2.50 billion variable debt, and 391.4 million USDT actually available in its Ethereum V3 Core reserve.

The utilization rate was around 86.45%. At this level, the variable borrowing rate reached 4.23%, while liquidity providers earned about 3.29%. Crypto users thus retain conditions relatively close to those seen before the change, as long as utilization remains below the new threshold.

The protocol continues its development in parallel. Its DAO had notably considered a crypto app combining stablecoins, savings, and lending. This expansion requires sufficiently liquid reserves to absorb withdrawal requests, including during periods of high activity. Aave now prefers to raise rates earlier rather than wait until almost all available USDT are borrowed. For lenders and borrowers alike, the 92% threshold thus becomes a new benchmark to monitor.

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Lydie M.

Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.

DISCLAIMER

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

Uniswap (UNI), son bir ayda yüzde 25,75 değer kaybederek 6,93 dolara geriledi. Ancak blok zinciri verileri, fiyat düşerken ağa katılan yeni kullanıcı sayısının Kasım 2022’den bu yana en yüksek seviyeye ulaştığını gösteriyor. Santiment, tek bir günde 2.295 yeni UNI cüzdanı oluştuğunu açıkladı. Bu ilginin devam etmesi, token fiyatında daha sağlam bir taban oluşmasına yardımcı olabilir.

Uniswap v4 Yeni Kullanıcıları Nasıl Çekiyor?
Santiment‘in ağ büyümesi göstergesi, UNI ile ilk kez etkileşime giren adresleri ölçüyor. Bu veride dört yılın zirvesinin görülmesi, ağa yeni katılımcıların önemli ölçüde arttığına işaret ediyor. Ancak yeni cüzdan sayısındaki artış, tek başına bu kullanıcıların uzun vadeli yatırımcı olduğunu veya UNI satın aldığını kanıtlamıyor.

Santiment, kullanıcı hareketliliğindeki yükselişi Uniswap v4 ile sunulan yeni özelliklere, likiditenin farklı kanallar üzerinden daha geniş biçimde yönlendirilmesine ve Uniswap’ın ikinci katman ağı Unichain üzerindeki geliştirme çalışmalarına bağlıyor.

DeFiLlama verileri de protokoldeki büyümeyi destekleyen bir gösterge sunuyor. Uniswap v4’ün kilitli toplam değeri (TVL) yaklaşık 1,44 milyar dolara ulaştı. Bu rakam, son bir ayda yaklaşık yüzde 17’lik artış anlamına geliyor.

Buna rağmen ağdaki hareketlilik henüz fiyat düşüşünü durduramadı. BeInCrypto Markets verilerine göre UNI, son 24 saatte yüzde 3,82 daha değer kaybederek aylık kayıplarını artırdı. Dolayısıyla kullanıcı büyümesinin fiyat performansına yansıyıp yansımayacağı henüz netleşmiş değil.

UNI Fiyatında 7 Dolar Neden Kritik?
Analist Phoenix, düşüşün arkasında UNI’nin 10 dolar seviyesini test etmesinin ardından artan satış baskısının bulunduğunu belirtiyor. Analiste göre fiyat, bu hareketten sonra Ichimoku bulutunun ve hareketli ortalamaların altına indi. İşlem hacminin de azalması, teknik görünümdeki zayıflığı destekleyen unsurlar arasında yer alıyor.

Phoenix, 7 dolar seviyesinin güçlü biçimde kaybedilmesi durumunda UNI fiyatının 6 ila 6,50 dolar aralığına gerileyebileceği uyarısında bulunuyor. UNI’nin 6,93 dolarda işlem görmesi, bu kritik eşiğin hemen altında bulunduğunu gösteriyor.

Santiment ise 7 doları yalnızca teknik bir destek olarak değerlendirmiyor; ağ büyümesiyle birlikte ele alıyor. UNI bu seviyenin üzerinde tutunurken yeni cüzdan oluşumu da yakın dönemdeki ortalamanın üzerinde kalırsa fiyatın yeniden 8 doları test etme ihtimali güçlenebilir. Buna karşılık 7 doların kaybedilmesi ve yeni cüzdan sayısının gerilemesi, son kullanıcı artışının geçici heyecandan kaynaklandığına işaret edebilir.

Uniswap İçin Yükselişte Hangi Seviyeler İzlenmeli?
UNI’nin kayıplarını telafi edebilmesi için ilk olarak 7 doların üzerine çıkması gerekiyor. Santiment, ardından geri kazanılması gereken ilk önemli seviyeyi 7,50 dolar, sonraki hedefi ise 8 dolar olarak belirtiyor.

21 Ekim’de UNI 7 doların üzerinde işlem görürken analist Scient, dört saatlik grafikte yükseliş yönlü uyumsuzluklara dikkat çekti. Analist, Zcash (ZEC) fiyat hareketine benzer bir sıkışma ve ardından sert hareket ihtimalini gündeme getirdi. Ancak bu teknik benzerlik, aynı sonucun gerçekleşeceğini garanti etmiyor.

Defi Rocketeer ise 11 dolara yaklaşan önceki yükselişten çok, 7 dolar çevresindeki fiyatı daha dikkat çekici buluyor. Genel piyasa istikrar kazanırsa UNI’nin yeniden 10 ila 12 dolar aralığını test edebileceğini düşünüyor. CryptoBullet ise daha yukarıda, 13 ila 15 dolar bandını önemli direnç bölgesi olarak görüyor.

UNI Yatırımcıları Hangi Verileri Takip Etmeli?
Uniswap’ın önündeki temel soru, yeni kullanıcıların ağa kalıcı biçimde katılıp katılmayacağı ve bu büyümenin fiyatı destekleyip desteklemeyeceği. Cüzdan sayısındaki artış, 1,44 milyar dolarlık TVL ve son aylık büyüme olumlu işaretler sunsa da UNI hâlâ satış baskısıyla karşı karşıya.

Yatırımcılar için iki temel gösterge öne çıkıyor: UNI’nin 7 dolar üzerinde kapanış yapıp yapamadığı ve Santiment’in ağ büyümesi verilerinin güçlü kalıp kalmadığı.

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.

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A different sender routed about 549,916 X and 1,909 USDT to a new beneficiary, while the affected pool held less than 200 USDT.

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A different sender routed about 549,916 X and 1,909 USDT to a new beneficiary, while the affected pool held less than 200 USDT.

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NEAR Protocol's open interest has dropped 9.5% over the past 24 hours, according to data from Coinalyze. This coincides with a 7.9% decline in the token's price. 

NEAR is currently trading near $4.50, with a market capitalization of approximately $5.86 billion and daily trading volume of around $618 million.

Source: CoinMarketCapOpen interest measures the total number or value of outstanding futures and perpetual contracts that have not been settled or closed. It helps gauge the amount of exposure remaining in the derivatives market, although it does not independently indicate whether traders are bullish or bearish.

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When prices and open interest fall simultaneously, the combination generally suggests deleveraging. Traders may be voluntarily closing positions, or positions may be liquidated as prices move against them.

The decline in open interest therefore indicates that derivatives exposure is shrinking rather than being aggressively rebuilt.

NEAR has lost approximately 13.2% over the past seven days, reversing part of a powerful September rally that lifted the token from below $2 to above $5. 

The price has also retreated from its recent high near $5.86, suggesting that selling pressure has strengthened in the short term.

Despite the correction, NEAR remains substantially above its summer lows. The key question is whether buyers can defend current support levels or whether continued deleveraging will lead to another leg down.

Next key price level to watchThe $4.50-$4.55 area is the first support zone to monitor. A sustained move below this range could expose NEAR to the Oct. 8 low near $4.29. A further decline would weaken the recovery structure established during the summer.

On the upside, NEAR needs to reclaim the $4.90-$5.00 range to signal that buyers are regaining control. A breakout above that zone could open the way toward $5.33-$5.45.

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Near Protocol continues to develop its cross-chain and AI-related infrastructure, but those longer-term themes have not prevented the token from correcting alongside the broader market.

For now, the combination of falling prices and declining open interest suggests that traders are reducing risk. 

Whether NEAR stabilizes around $4.50 or extends its losses will depend on broader market conditions, derivatives activity and the token's ability to recover key technical levels.

Solana Foundation official brand assets (solana.com/branding)

A recent analysis by Motley Fool suggests Solana is a more attractive option than XRP, citing higher network activity, greater transaction capacity, and stronger stablecoin usage as key advantages. Solana’s network processed 3.18 billion non-vote transactions in September 2026, with a stablecoin supply between $17.3 billion and $17.5 billion, alongside 888,000 daily active addresses. In contrast, XRP’s ledger handled 222.4 million transactions in Q2 2026, with a stablecoin holding of $1.11 billion, albeit dominated by concentrated automated transactions. The analysis appears to have contributed to a perception of Solana’s superior network metrics, which may influence market sentiment.

Key Takeaways

Analysis suggests Solana’s network activity and stablecoin usage are superior to XRP’s, consistent with support for Solana.
Solana processed significantly more transactions than XRP, suggesting its network is more active.
Market pricing suggests increased optimism for Solana could influence its price forecasts.

What to Watch
Market participants will be observing Solana’s ability to maintain its transaction volume and stablecoin activity, as these factors are consistent with scenarios supporting Solana’s price increase. Additionally, any regulatory developments affecting Solana or XRP could have a significant impact on market dynamics. Key players such as the SEC and Solana Labs may provide updates that could further influence market pricing trends.

Term Structure

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November 1 2026
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November 1 2026
2.9%
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November 1 2026
0.2%
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November 1 2026
0.6%
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1.6%
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Bitcoin (BTC) slipped below $80,000 on Saturday as more than $200 million in crypto positions were liquidated within an hour. Traders betting on higher prices accounted for $191.33 million of that total.

Ethereum (ETH) fell alongside the leading crypto. BeInCrypto Markets data shows the total crypto market cap down 4.06% over the past 24 hours, at $2.72 trillion. The liquidation data shows who absorbed most of the losses.

Bullish Traders Absorb the Heaviest LossesThe hourly wave formed part of a larger 24-hour total. Data from Coinglass shows $837.12 million in liquidations over that period, hitting 227,681 traders.

Long positions made up 82.8% of that figure, or $693.05 million. Short sellers lost $144.07 million.

Bitcoin led the tally with $232.55 million, followed by Ethereum at $181.51 million. Longs accounted for more than 93% of each.

Bitcoin and Ethereum crypto liquidations heatmap over 24 hours. Source: CoinglassBinance recorded the largest single liquidation, an $11.85 million long on the ETHUSDT pair. Price data shows how far the sell-off reached beyond derivatives.

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Bitcoin Slips Under the Price Corporate Treasuries PaidBitcoin traded at $79,464 at press time, down 2.48% over 24 hours. This marked its lowest level since September 18.

Bitcoin price daily chart shows BTC below $80,000. Source: BeInCrypto MarketsAltcoins fell harder. Ethereum lost 4.71% over the same period to $2,288.73, its lowest level in about two months. Solana (SOL) dropped 5.20% to $98.92.

Zcash (ZEC) posted the steepest decline in the top 10, sliding 8.39% to $1,124.36.

Bitcoin now sits below $80,000, the average price that companies holding Bitcoin on their balance sheets paid per coin, according to Glassnode estimates. That puts the average corporate treasury position at a loss.

Earlier on Saturday, analyst Benjamin Cowen warned that a weekly close below $83,000 on October 25 would support his bearish path. He said the scenario becomes void if Bitcoin climbs back above $83,000 and holds there.

BeInCrypto’s analysis flagged $77,876 as the next downside level. Below that, a support zone sits between roughly $76,700 and $72,500.

The market has tested similar ground this month. On October 8, total crypto market cap fell to $2.69 trillion before a Trump pledge on Iran eased the pressure. Today’s $2.72 trillion sits about 1% above that floor.

Next week brings more tests. The Federal Reserve meets on October 27 and 28, and September Personal Consumption Expenditures (PCE) inflation data follows on October 29.

Brent crude also settled at $116.72 on Friday, a level that could keep inflation elevated. Whether buyers defend $77,876 before those events could decide how much room Bitcoin has left.

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Shiba Inu (SHIB), a leading meme coin in the cryptocurrency market, experienced a temporary halt in its token burning activity before a rapid reversal on Saturday. According to data from Shibburn, the official burn tracker, no SHIB was destroyed over a 24-hour period until a sudden transaction reignited the process.

SHIB burn rate surges after pauseEarlier on Saturday, Shibburn recorded zero SHIB tokens sent to burn addresses, signaling a brief pause in community efforts to reduce the circulating supply. This changed quickly when an unknown address labeled ‘0x8172’ executed a single burn transaction, sending 20,408,894 SHIB to the dead wallet.

The sudden activity caused the overall daily SHIB burn rate to climb by 725%, ending the brief period of inactivity for the dog-themed digital asset. As of press time, a total of 20.41 million SHIB had been burned over the past 24 hours.

Over the last seven days, the total amount of SHIB burned reached 87.64 million, while the 30-day tally climbed to around 693.20 million tokens, contributing to a lifetime burn total of 410,845,045,282,575 SHIB.

Shiba Inu’s ongoing burn initiatives aim to boost scarcity and potentially support the token’s price, which relies on community-driven mechanisms and official portals for token destruction.

Community and ecosystem burnsLongtime Shiba Inu community member Mazrael stated that community initiatives, including an ongoing burn portal, remain active. Despite the maintenance status of ShibTorch, a Shibarium-based burn tool, other infrastructure improvements continue within the ecosystem.

Data from ShibWatch indicated that SHIB burns within the project’s ecosystem have totaled 69.32 billion tokens to date, equal to $1.27 million based on prices at the time each burn occurred.

Mini dictionary: Shibburn is a community-driven platform that tracks and reports Shiba Inu token burns, helping investors monitor the reduction in circulating supply by aggregating on-chain burn transactions.

Mazrael explained that despite certain burn systems being under maintenance, “there’s still the community burn portal being done” to support ongoing SHIB reduction efforts.

PeriodBurned SHIBBurn Rate/Value24 hours20.41 million+725%7 days87.64 million–30 days693.20 million–Lifetime410.85 trillion–Ecosystem burns69.32 billion$1.27 millionPrice performance and market sentimentAlongside the activity surrounding SHIB burns, the token’s price declined 3.92% over 24 hours to $0.000004919, reflecting weakness in the broader cryptocurrency market.

Market sentiment has been weighed down by concerns over large-scale borrowing by technology companies to build artificial intelligence infrastructure, which spilled over into the digital asset sector. As a result, most major cryptocurrencies have been falling since mid-week.

Shiba Inu mirrored this trend with increased volatility, dropping to an intraday low of $0.00000485. Earlier in the week, SHIB posted gains, but quickly reversed on Wednesday before briefly recovering and then continuing its downward trajectory.

As the UK House of Lords Financial Services Regulation Committee kickoff the first evidence session of their inquiry into Regulatory Sandboxes this week (with written submissions closing Friday) in this, the first of a short series, in which we will map, diagnose, and work out how it might be possible to treat and revive the Innovation Unit, we will first pose some pertinent questions.

From 2014, the United Kingdom became a wonder of the regulatory world – where fintech was happening! The Financial Conduct Authority (FCA) became the regulator other regulators flew in to learn from.

Monzo. Revolut. Starling. Wise. Built here. Copied everywhere. $11.6bn invested in 2021.

Then…

The first half of 2026: £1.8bn.  The lowest since 2016. Same country. Same regulator. Same sandbox. Something broke.

The Whisper

Now: Talk to founders, and you hear the same line: Sandboxes are where innovations go to die.

You will not hear it said to a regulator. Not by anyone who needs a license. Not in public. Not on the record.

Some firms have sat in a sandbox for two years or more. No exit. No verdict. Just waiting. Is that a sandbox – or a cage?

The Blame

The easy answer: Blame the sandbox.

Fix the process. Speed up the cohorts. Publish better metrics. But what if… The sandbox was never the engine, but a tool bolted onto one.

An engine’s harder to see – a small unit inside the FCA, built to think differently while working with the regulator around it. And protected so it could. Sandboxes are easy to copy. Announce one, count the applicants, publish the case studies.

A culture inside a culture is not. It doesn’t fit a press release, as a sandbox announcement does. So over time the tool took the limelight, and the thing it was built to sit inside was forgotten. Then… quietly absorbed?

Why now?

Three reasons this matters now, not later.

The House of  Lords is asking. The Noakes inquiry into regulatory sandboxes is the first serious public look in a decade. AI is the second wave. Tokenization, stablecoins, new financial plumbing. One more chance for the UK to lead, or to watch again as others do.

The model went global. GFIN, created by the FCA and chaired by the FCA for seven consecutive years, now links 70-plus regulators.

So whatever went wrong is being exported.

Map. Diagnose. Treat.

Map – what happened, when, and in what order? What was the context? Where did it come from?

Diagnose – did the sandbox just obscure or did it erase its foundations, the Innovation Unit on which it was built – and what that cost?

Treat – what would a fix look like? Including for GFIN.

Does the engine that catapulted the UK forwards still exist – and if so, can it be restarted?

Barry James  is a Board Member & Strategic Advisor for The Global Equity Crowdfunding Alliance (GECA). He is a co-Founder & Advisory Board Member, University of East London Centre for Fintech, 2022–2024, and co-Founder, The Transition Foundation’s Institute for the Study and Encouragement of Ethical Good Governance.

Injective is making a regulatory push in Washington while its token attempts to build a recovery. The INJ price prediction now has two talking points today, first is a potential move toward $70 and the project’s growing engagement with US financial regulators. Neither promotes immediate bullish reaction coming, but both angles put the spotlight back on Injective.

Injective Takes Its Regulatory Ambitions to WashingtonInjective announced that its CEO met with officials from the White House, SEC and CFTC this month, alongside the project’s general counsel, head of policy and head of research.

The meetings reflect Injective’s effort to establish a regulatory foundation for tokenization and onchain finance in the United States. More importantly, the project points to several existing milestones rather than relying entirely on future promises.

Injective Institutional Services is an SEC-registered transfer agent providing ownership recordkeeping for tokenized securities. Meanwhile, INJ futures are listed on CFTC-regulated US markets, connecting the ecosystem to regulated financial infrastructure.

ICMYI: This month, Injective CEO @ericinjective met with officials from the White House, SEC and CFTC in Washington, joined by our General Counsel, Head of Policy and Head of Research.

Injective has spent years building the regulatory foundation to bring tokenization and onchain… pic.twitter.com/prUSse4mYs

— Injective 🥷 (@injective) October 24, 2026 Tokenization Plans Could Strengthen Injective’s PositionInjective is developing institutional-grade infrastructure for bringing tokenized stocks, funds and real-world assets onchain. Its legal and policy teams are also engaging with US lawmakers and regulators on digital asset regulation.

These developments could strengthen Injective’s institutional positioning. However, regulatory engagement doesn’t automatically translate into increased token demand or higher prices. That’s where market participants need to separate project progress from speculation.

INJ Price Prediction Faces Critical Resistance Levels⚡ $INJ: THE $70 SUMMIT STARTS AT BASE CAMP 👀

INJ’s weekly chart puts $6.52 at the foundation of the recovery scenario, with price currently around $7.64.

Holding that support keeps $15.81 in focus as the first major resistance, followed by $33.09.

The projected route… pic.twitter.com/N22oeuQ6dE

— Giannis Andreou (@gandreou007) October 24, 2026 The weekly chart places INJ around $7.64, with $6.52 serving as the foundation of the bullish recovery scenario. Holding that level keeps $15.81 in focus, followed by $33.09.

Beyond $33.09, the previous high near $53 becomes the next major hurdle. A confirmed break above that peak could open the door to price discovery toward $70, although pullbacks and resistance remain part of the projected route in INJ.

For now, the INJ price prediction depends on price confirmation as much as regulatory progress. A sustained weekly breakdown below $6.52 would weaken the bullish roadmap, leaving the $70 target firmly in speculative territory.

Story Ends Here

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Analysis

Anthropic, OpenAI, and Mistral each carry a tracker peg inside the last four days of October, and not one of those dates is on the record – the calendar everyone quotes is running on vendor silence again.

Lena ParkForkast mind

No vendor has confirmed a release for the window that now sits between October 28 and October 31. As of October 24, none of the three labs with a peg inside it has put a formal announcement on the record. What has compressed is not a schedule but a set of expectations, and the gap between the launch calendar deployers quote to each other and the silence of the vendors whose names sit next to those dates is wider than it looked when this desk mapped it on October 14.

Fetching the surfaces shows the gap. Anthropic’s newsroom was fetch-verified on October 24 and carries no pending frontier model release: the newest entries are two October 22 posts, on Agent Skills and a life-sciences open call, while the latest model announcement on the page is still Claude Haiku 5.5 from October 7. OpenAI could not be verified the same way – its newsroom and blog both returned an HTTP 403 challenge at fetch, so the no-announcement reading there rests on a secondary search, not on the source. That distinction is the method: absence counts only when you can name the surface you checked and how it answered.

Behind all three pegs sit tracker-class projections, the reliability class that carries zero vendor backing. The OpenAI estimate has slipped twice since the October 14 record – from about October 19, to October 22, and now to about October 29. Anthropic sits at about October 28, unchanged from the same record. These are independent estimates converging on four days, not a coordinated industry event, and neither date has a vendor’s name anywhere near it.

StepFun set the precedent. Its October 15 vendor promise – the only dated, vendor-backed commitment on that calendar – failed to materialize, with the repository 404 error and the license still unpublished when the date passed. If the one promise carrying a vendor’s name could slip, three estimates carrying no vendor’s name have even less holding them up.

The Mistral peg is the most concrete of the three. Its Hugging Face card was fetch-verified on October 24: an upcoming-release page with a countdown of seven days, a Current ETA of October 31, 2026 at 15:00Z, a stamp reading “the release date may still change,” and 939 people waiting. The card states that open weights drop at the end of the month. As of October 24 – Day 23 of 31 – the weights and the commercial license remain unpublished, and the commercial license question rides the same window.

The cost of the gap is not abstract. A team that schedules a migration, a pricing change, or a benchmark re-evaluation around a date that exists only in a tracker absorbs the delay as engineering time and idle planning – the same bill StepFun’s followers paid on October 15, when the weights they had built a week around simply were not there. Multiply that by three pegs in one window and the last four days of October become a shared planning hazard rather than a launch party.

For deployers, the compression turns the calendar into something other than a planning tool: a read on how long vendors are willing to hold a date while everyone else plans around it. Three pegs in four days, none on the record, is not a schedule – it is a forecast feeding on itself. When the announcements land, the interesting number will not be the dates. It will be how many plans were built on estimates nobody signed.

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Blockchain

24 October 2026
|
10:23

Offchain Labs became the sole member of Arbitrum’s Developer Guild, collecting all of its revenue, and proposed that the Arbitrum Foundation sign off on new Stylus activations on Arbitrum One.

Key Takeaways

Guild members need 12-18 months of production work

Guild takes 2% of chains’ net protocol revenue

No active Stylus contract expires before August 2027

Trail of Bits to audit the activation contract

The Arbitrum Foundation announced the Guild’s first member on October 23, the same day Offchain posted its Stylus activation proposal.

How the Guild is funded
The Developer Guild was first introduced in January 2024 alongside the Arbitrum Expansion Program, which lets projects launch their own Arbitrum chains. Offchain was invited in recognition of its role as the protocol’s primary architect and maintainer. It will receive the funds the Guild has already collected and 100% of its revenue for as long as it remains the only member. The Foundation describes the Guild’s funding as “relatively nascent” and did not disclose the balance.

Revenue source
Share to the Guild

Net protocol revenue from Arbitrum chains outside One and Nova
2%

Arbitrum One Priority Gas Auction proceeds
3%

Arbitrum One Sequencer Fast Feed proceeds
3%

Under the Guild specification, chains launched through the program pay 10% of their net protocol revenue to the ecosystem: eight points to the DAO treasury and two to the Guild. A chain with $1 million in qualifying revenue would send $80,000 to the treasury and $20,000 to the Guild. More than 30 chains already contribute, according to the Foundation.

The Foundation expects the arrangement to push Offchain to focus more of its work on growing the DAO’s revenue, now that it shares in those cash flows. It also expects the Guild to become one of Offchain’s funding sources, so that the company asks the DAO for less in future.

The Foundation decides who else gets in
Membership is by invitation, with several conditions. A member’s business model must rely substantially on Arbitrum succeeding, its core components should have been in production for 12 to 18 months, its code must sit in public repositories under approved licences, and it must pass identity checks, sign an agreement with the Foundation and publish yearly updates.

Under the specification, the Foundation approves members, decides each one’s share of the funding and can suspend or remove them at its sole discretion. Trivial activity such as typo fixes or dependency bumps does not count as meaningful work, and member names and allocations are to be published periodically on the governance forum. Every example of qualifying work in the document is an Offchain Labs repository, from the Nitro node software to the cargo-stylus toolchain.

The same day, Offchain proposed a Foundation key for Stylus
Stylus lets developers write Arbitrum contracts in languages such as Rust that compile to WebAssembly. On October 2, the Security Council paused new Stylus activations on Arbitrum One and Nova, citing a growing number of AI-assisted attacks using hand-crafted WebAssembly programs that skip the standard Stylus toolchain and can degrade chain performance. Known bugs affect chain availability, and no attack allowing theft of user funds has been found, the Council said.

Under Offchain’s proposal, a developer would submit source code to an auditor from the Arbitrum Security Program. The auditor would rebuild the contract with cargo-stylus, the same toolchain listed in the Guild specification, confirm it matches the deployed code and contains no hand-crafted WebAssembly, and post a pass or fail on the forum. After a pass, a Foundation-controlled multisig would issue a signature, and the developer would activate the contract through a new activation contract. The audit does not review a contract’s business logic, and the Foundation would rely on the auditor’s result without making its own assessment.

For most builders, the change is narrower than the pause suggests.

Unchanged

Solidity contracts deploy and run as normal.

Active Stylus contracts stay callable and renewable.

ArbOS 61 renewed all active contracts on One, so none expires before August 20, 2027.

Through the new gate

New Stylus code, including new versions of existing apps.

Reactivating expired contracts or after a Stylus version change.

Arbitrum One only. Nova, which is being scaled back, is excluded.

The gate also carries trade-offs, which the proposal itself lists.

The signing right has no automatic expiry, though the DAO can change or revoke it.

Requests would be handled on a reasonable-efforts basis, with no fixed turnaround.

A compromised signer could approve harmful code, and the proposal adds no way to deactivate a contract.

The proposal goes next to a Snapshot temperature check. Trail of Bits will audit the activation contract, and the report, source code and multisig configuration are due before the on-chain vote. A vote against would not lift the pause, and the proposal asks the DAO for no new funding.

Where that leaves ARB holders
The Guild pays its members, and the 8% share goes to the DAO treasury. Neither arrangement pays ARB holders directly. The token’s documented role is governance, which here means voting on the Stylus proposal and on any later change to the signing right, while Guild membership rests with the Foundation. As an earlier look at why ecosystem revenue does not automatically become ARB-holder income explained, a bigger funding pool is not a claim on it.

Snapshot result on the Stylus proposal

Trail of Bits report and the published multisig signers

First published Guild allocation and the size of the pool

A second Guild member, and how much of the revenue Offchain keeps

This article is provided for informational purposes only and does not constitute financial or investment advice. Governance proposals can change before approval and implementation.

Author

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

Tether’s MDK Gains Broad Industry Backing to Accelerate the Next Generation of Bitcoin Mining Automation

15 mining companies, ASIC manufacturers, and pools are adopting a shared open layer designed to make mining infrastructure interoperable and ready for the next generation of automation and AI
24 October 2026 – Tether, the largest company in the digital asset industry, announced today that leading Bitcoin mining companies* have committed to working together to build and maintain integrations with its Mining Development Kit (MDK). They include mining operators, ASIC manufacturers, and mining pools. MDK is an open-source framework that makes mining infrastructure interoperable and supports the next generation of AI-driven automation. The initiative brings 15 industry participants around a common infrastructure layer, enabling developers to build applications and autonomous systems that work across different mining environments without requiring separate integrations for every manufacturer or platform. 

The commitments move one of the world’s largest distributed computing industries toward a common infrastructure layer at a moment when AI and automation are beginning to change how data centers are operated. Instead of every new application having to be rebuilt for different machines and providers, MDK is designed to give developers a consistent way to interact with infrastructure across the industry.

A large mining site can have thousands of machines from different manufacturers, connected to different pools and managed through different software. Most of those systems were not built to work together, so operators end up managing them separately and developers keep rebuilding the same integrations for each one. That gets harder as a site grows, and adding new hardware or software can mean another custom integration. Tools built for one vendor often cannot be used across the rest of the fleet. It also limits how much operators can automate, especially as they start looking at AI to help manage more of the day-to-day operation.

An AI agent can monitor machines, identify problems, optimize performance, and eventually take action autonomously. But it cannot effectively manage thousands of machines if every piece of infrastructure communicates differently. Before autonomous systems can operate physical infrastructure at scale, the infrastructure itself needs a common way to be understood and controlled. MDK provides that foundation.

Each participating company will build and maintain an MDK Worker: a translation layer that connects its own hardware, mining pool, or system to MDK. The Worker translates that company’s existing interface into a common language that applications built on MDK can understand. Companies do not have to replace their technology or surrender control of their systems. They simply expose the functions they choose through the same open interface.

That distinction is central to the model. MDK is not an attempt to make every manufacturer or mining pool operate the same way. It is designed to make different systems interoperable.

Once that layer exists, developers can build an application, monitoring system, or AI agent against MDK rather than separately engineering it for every manufacturer and pool. As more companies maintain their own Workers, the same application can operate across a growing portion of the mining industry. The result is infrastructure that becomes easier to automate, easier to build on, and less dependent on any single vendor. 

“We are entering a period where software will increasingly operate physical infrastructure, not simply report on it,” said Paolo Ardoino, CEO of Tether. “That does not work at scale if every machine speaks a different language. Mining is one of the clearest examples of this problem today. MDK gives companies a way to keep control of their own technology while creating the common foundation developers and autonomous systems need to work across it.”

Tether’s QVAC mining agent is already operating directly on MDK, providing an early demonstration of the model: an AI application interacting with mining infrastructure through a common layer rather than requiring a new integration for every system it encounters. The initial 15 commitments are an early step toward a broader ecosystem. MDK remains open to any manufacturer, mining pool, operator, or developer, with additional Workers, applications, and tools expected as more of the industry builds on the shared foundation.

Across Bitcoin, AI, communications, energy and financial infrastructure, Tether is focused on reducing the fragmentation that prevents technology from operating at global scale. MDK brings that approach to mining, creating an open layer on which companies can build the tools and autonomous systems that will operate the industry next.

MDK will reach version 0.11 at the Plan ₿ Forum in Lugano on October 23–24, with its first stable 1.0 release targeted by the end of 2026. Developers do not need to wait for 1.0. MDK is open source today, allowing manufacturers, mining pools, operators, and developers to begin testing integrations, building Workers, and developing applications through the repository and documentation.

*Note: The complete alphabetical list of participating mining companies, ASIC manufacturers, and pools follows below:

ACME Swisstech
Bitdeer
BITMAIN
Canaan Inc.
Elektron Energy
EMCD
F2Pool
Foundry Digital
Heatbit Inc.
Luxor Technology
MicroBT
OCEAN (Bitcoin Ocean, LLC)
Proto (Block, Inc.)
SpiderPool
Stratum V2

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Summary: 

The upgraded JST Buyback and Burn program features the following highlights:

$50M Treasury Reserve Cushion: Establishes a safety buffer for sustainable ecosystem operations.
Expanded Funding Sources: Integrates GasFree revenue alongside JustLend and USDD to cover 100% of JUST core products.
~$20.34M Capital Injection: Unlocks legacy surplus funds to be released in phases for future buybacks.
JUST DAO Execution: Complete on-chain execution with full transparency and open-source verification.

Following its recent brand refresh on October 23, JUST—the flagship on-chain DeFi infrastructure on TRON—officially unveiled its upgraded JST Buyback & Burn initiative that strengthens the value-accrual framework of the native governance token. Building on previous funding sources from JustLend and USDD, the upgraded mechanism incorporates business revenue from GasFree while allocating $20.34 million in capital surplus to future token repurchases. These changes diversify the protocol’s revenue base and set a structured process for deploying surplus capital.

The updated framework expands JST buyback funding from a dual-revenue stream (i.e., JustLend and USDD) to a more robust three-pillar model (i.e., JustLend, USDD, and GasFree), reinforced by phased injections of existing funds. Beyond simply adding capital, this upgrade ensures that growth in each JUST product line directly accrues to JST’s underlying value. It underscores JUST’s long-term commitment to token value accrual while tightly aligning protocol incentives with JST holders and the broader community.

JST Buyback & Burn Upgraded: $50M Safety Cushion, GasFree Revenue Integration, and $20.34M Surplus Injection

As the native governance token of the JUST ecosystem, JST’s underlying value support and utility mechanisms have always been a central focus for the community. With the successful completion of the 5th buyback and burn on October 16, Phase 1 of the JST Buyback and Burn program concluded smoothly, paving the way for the upgraded mechanism alongside JUST’s broader brand refresh.

 

According to the Announcement: Upgrade to the JST Buyback & Burn Mechanism, the newly updated framework outlines key structural arrangements across five core areas, establishing clear risk boundaries while securing a more stable and predictable capital foundation for future buybacks:

$50M Treasury Safety Floor: A baseline reserve of at least $50 million will be maintained long-term to manage risk scenarios, guarantee liquidity, and ensure protocol solvency under extreme market conditions.
More Diversified Funding Sources: The upgraded model integrates GasFree revenue alongside existing JustLend and USDD streams, extending buyback capital across all three core JUST product lines. Specific sources now include revenue from JustLend’s sTRX staking and SBM, GasFree income, and the USDD protocol revenue exceeding the $10 million threshold.
Structured Surplus Capital Deployment: All protocol funds above the $50 million treasury reserve floor are dedicated entirely to JST buybacks. An initial $20.34 million—sourced from cumulative GasFree earnings and surplus treasury reserves above the safety floor—has been unlocked, and will be deployed across four buyback rounds starting in Q4 2026.
Buyback & Burn Execution: The protocol is adopting a “continuous buyback, periodic burn” approach. Funded by 100% of revenue across all product lines, open-market buybacks will adjust dynamically to prevailing market depth and liquidity, with accumulated tokens burned on a regular schedule.
On-Chain Governance: All buybacks and burns will be executed by JUST DAO. Key financial figures will be disclosed to the community on a regular basis, and every transaction will remain fully verifiable on-chain. 

Compared to Phase 1, this upgrade introduces three structural shifts:

Clearer capital boundaries. The $50 million reserve floor creates a solvency backstop while defining the boundaries of capital eligible for buybacks. 
More diversified funding sources. Rather than relying primarily on JustLend and USDD, integrating GasFree extends revenue capture across the entire JUST ecosystem. Meanwhile, deploying roughly $20.34 million in surplus funds across future tranches smooths buyback execution and ensures an orderly transition between mechanism phases. 
Streamlined execution under unified governance. By adopting a “continuous buyback, periodic burn” strategy, the consolidated JUST DAO (formerly JustLend DAO) takes full operational ownership of buybacks and burns. This aligns governance and execution under a single authority, matching JUST’s brand consolidation and holistic governance roadmap. 

In essence, the updated mechanism follows a clear tripartite playbook: secure the downside, deploy surplus capital, and compound with organic growth. It first anchors ecosystem stability with the $50 million reserve floor, primes buyback momentum by releasing roughly $20.34 million in surplus funds, and then hands the baton to ongoing revenues from all three verticals—turning JST buybacks into a sustainable, business-backed deflationary engine.

GasFree Poised to Become the Second Growth Engine for JST Buybacks After JustLend

The integration of GasFree revenue represents the key highlight of this mechanism upgrade. Scheduled to begin capital allocations in Q4 2026, GasFree has demonstrated strong cash-flow generation and is positioned to become the second growth engine for JST buyback funding after JustLend. 

Built on TRON, GasFree is a native gasless solution that lets users pay transaction fees directly with the tokens they transfer, removing the friction of holding TRX or other native tokens just to move funds. By enabling single-asset fee settlement, GasFree eliminates one of the most stubborn usability hurdles in on-chain transfers. The service currently supports gasless transfers for both USDT and USDD. 

Operationally, GasFree’s user base and network activity continue to climb at a rapid pace. As of October 23, GasFree has processed over $157.1 billion in cumulative stablecoin transfer volume across more than 9.14 million transactions, serving an aggregate user base exceeding 500,000 unique addresses. This surging operational momentum provides the solid backing for GasFree to consistently fuel the buyback pool and establish itself as JST’s second major growth engine. 

From a revenue standpoint, GasFree’s profitability is backed by hard data. It has proven to be a vital growth engine since its March 2025 rollout, generating approximately $12.03 million in cumulative revenue through Q3 2026. This performance underpinned the recent extraction of roughly $20.34 million in surplus funds, sourced directly from GasFree’s accrued earnings and surplus treasury holdings above the reserve floor. 

As GasFree’s financial contribution accelerates, JST’s buyback-and-burn model enters a new stage of multi-business synergy. The token’s value-accrual mechanism is now deeply tied to the growth of the broader JUST ecosystem and fully synchronized with the protocol’s multi-product expansion.

Diversified Value Accrual: JUST’s Core Products Unite to Back JST

 Under the updated mechanism, GasFree revenue is now directly allocated to JST buybacks, alongside qualifying net revenue from USDD. This marks a pivotal evolution: JST burns no longer rely solely on JustLend. Instead, they are fueled by a diversified, multi-product revenue base spanning JustLend, USDD, and GasFree. 

This multi-pronged funding approach mirrors the broader JUST rebrand. Moving forward, JustLend, USDD, and GasFree unite under a single brand and user gateway—with JUST DAO steering cross-product governance, ecosystem synergy, and sustainable tokenomics for JST. 

JST serves as the native governance token for the entire JUST ecosystem. Through this unified rebrand and the rollout of JUST DAO governance, JST’s value foundation now spans the protocol’s core utility layers: lending and resource markets via JustLend, decentralized stablecoin infrastructure via USDD, and gasless transfer settlement via GasFree. JST is no longer anchored to a single product line; its value capture is directly tied to the growth of the entire ecosystem.

 As a pillar of TRON’s financial infrastructure, JUST commands roughly $12.2 billion in Total Value Locked (TVL)—consistently securing nearly half of the network’s total liquidity, with all three business pillars holding leading positions in their respective verticals. 

Among them, JustLend remains foundational: having fully funded the initial phase of JST buybacks and burns, it now provides the core yield baseline under the upgraded mechanism. As of October 23, JustLend’s TVL surpassed $7.13 billion, with its supply-borrow market (SBM) driving approximately $3.71 billion, cementing its status as a global DeFi lending leader. In the staking sector, total TRX staked has crossed 9.83 billion. At the same time, through sTRX-powered Energy solutions, JustLend has become a primary Energy gateway for the TRON network, scaling both on-demand Energy purchases and long-term rental services.

Meanwhile, GasFree continues to scale as a key revenue driver. In late September, GasFree partnered with Binance Web3 Wallet to introduce TRC-20 USDT gas fee delegation. Users can now pay network fees directly in USDT without needing to hold TRX. Securing integration with a Tier-1 wallet validates GasFree’s business model and significantly expands its addressable market and fee-generation capacity.

JUST Team 

Singapore

[email protected]

Uniswap (UNI) has lost 25.75% of its value over the past month, sliding to $6.93. On-chain data, however, shows new users arriving at the fastest pace since November 2022.

Santiment counted 2,295 new UNI wallets in a single day. The firm said that influx could firm up a price base, provided wallet creation stays elevated.

Uniswap’s v4 Push Pulls In Fresh WalletsSantiment’s network growth metric counts addresses interacting with UNI for the first time. The firm said a four-year high signals a large influx of new participants.

UNI Network Growth Hitting its Highest Level Since November 2022. Source: X/Santiment Santiment credited new Uniswap v4 features, wider liquidity routing, and ongoing work on Unichain, Uniswap’s layer-2 network.

DefiLlama data shows Uniswap v4 now holds about $1.44 billion in total value locked (TVL). That marks a roughly 17% rise over the past month.

So far, however, the activity has not stopped the token’s decline. UNI is down 3.82% over the past 24 hours, adding to its monthly losses, per BeInCrypto Markets data

Uniswap Price Performance Over the Past Month. Source: BeInCrypto MarketsAnalyst Phoenix traced the decline to seller pressure after UNI tested the $10 mark. He noted the price has since dropped below the Ichimoku cloud and its moving averages on shrinking volume.

Phoenix warned that a full breakdown of $7 could send UNI toward $6 to $6.50. The token now sits just under that line at $6.93.

Santiment framed the same level in terms of user demand.

“Holding $7 while network growth remains above its recent baseline would favor another test of $8, while losing $7 alongside fading wallet creation would suggest the spike was mostly short-term excitement rather than sustained adoption,” the post read.

UNI Price OutlookWinning back those losses starts with a move above $7. Santiment named $7.50 as the first meaningful level to reclaim, followed by $8.

On October 21, when UNI traded above $7, analyst Scient flagged bullish four-hour divergences. He floated a possible squeeze similar to Zcash’s (ZEC).

Analyst Defi Rocketeer finds the $7 area more interesting than the rally near $11. He expects a $10 to $12 retest if the broader market stabilizes. Analyst CryptoBullet places major resistance further up, at $13 to $15.

$UNI Macro chart

Biggest DEX with a daily trading volume of $1-2 billion, $UNI token is tied to protocol usage through supply burns 🔥

🔨 Major Resistance is $13-15

🎯 Macro Target 1 – $24-30
🎯 Macro Target 2 – $56-71 pic.twitter.com/Db6DITXLt4

— CryptoBullet (@CryptoBullet1) October 20, 2026 For holders, the next signals to watch are Santiment’s network growth readings and whether UNI can close above $7. A recovery in both would bring Santiment’s $8 test back into play.

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