Bitcoin climbed as much as 2.4% to $84,737 on October 21, 2026, riding a rebound in technology stocks that revived the market’s appetite for risk.
What moved the market SpaceX reported third-quarter revenue of $14.6 billion, a 161% jump from the same period a year earlier.
Super Micro Computer added fuel with an encouraging preannouncement. That rekindled interest in AI-linked stocks, the group that had been under pressure the prior week.
The rally was not limited to the largest crypto asset. Ether rose 3.7% on the day, while Solana gained more than 4.6%.
The ETF bid showed up first US spot Bitcoin ETFs pulled in more than $549 million in net inflows across October 19 and 20.
Spot ETFs give traditional investors a way to hold Bitcoin exposure through a brokerage account. Their flows have become a useful gauge of institutional and retail demand coming from outside crypto-native platforms.
Oil prices retreated, easing a source of pressure that had weighed on both equities and digital currencies.
What this means for investors The ETF flows deserve the closest attention. More than $549 million in net inflows over two days points to demand that preceded the price move, which can offer more durable support than a rally driven purely by momentum traders.
The same AI trade that lifted Bitcoin this week knocked it down the week before. That makes the equity calendar relevant to crypto holders. Earnings reports and guidance from AI-linked companies can now ripple directly into digital asset prices, sometimes within the same trading session.
The outperformance of Ether and Solana is also worth noting. Larger moves in alternative tokens on up days typically signal that traders are willing to take on more risk, but those same assets tend to fall harder when sentiment sours.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Tesla’s digital assets gained $288 million in the third quarter, almost exactly what Bitcoin’s rally would add to its 11,509 coins, as Tesla and SpaceX committees weigh a merger.
Key Takeaways
Tesla’s digital assets rose 43% to $962 million.
The gain points to no net Bitcoin trading.
SpaceX’s Q3 value also fits 18,712 BTC.
Combined, they would rank sixth among listed companies.
Tesla’s Q3 2026 update, released on October 21, values its digital assets at $962 million on September 30, up from $674 million at the end of June.
Why the $288 million points to an unchanged stack
The entire increase appears in Tesla’s results as an unrealized gain. Under fair-value accounting, the change in carrying value over a quarter equals purchases, minus sales, plus the effect of price moves. When price explains the whole change, net trading was close to zero.
Bitcoin’s own quarter-end prices support that reading. Tesla’s June quarterly filing lists 11,509 BTC bought for $386 million. Dividing each reported value by that count gives an implied price per coin:
Quarter end
Implied by Tesla’s figure
Bitcoin’s close
June 30
~$58,560
$58,558
September 30
~$83,590
$83,621
Working backwards, $962 million at Bitcoin’s September close equals roughly 11,504 coins. Tesla reports the figure rounded to the nearest million dollars, which limits the precision to about six coins either way; a purchase or sale of any meaningful size would have shown up in the gap.
On those numbers, Tesla’s retained Bitcoin position carries a paper gain of about $576 million over its purchase cost.
Merger committees put 30,221 BTC on one table
SpaceX, which began trading on Nasdaq this summer, reported third-quarter results on Tuesday. On the call, Musk said both boards had formed special committees of independent directors at shareholders’ request and that he was excluded from their discussions as a conflicted party. He called a merger a “good idea” while saying a deal was not certain.
No terms have been agreed. On Tesla’s side, approval would require a majority of all outstanding shares, a hurdle Musk himself described as high.
SpaceX’s June quarterly filing lists 18,712 BTC bought for $661 million. Its Q3 results value digital assets at $1.573 billion, up from $1.098 billion in June. Spread across 18,712 coins, that is about $84,060 each, within 1% of Bitcoin’s quarter-end close.
Company
BTC
Cost basis
Avg. cost per BTC
Value, Sept 30
Rank
Tesla
11,509
$386M
~$33,540
$962M
11th
SpaceX
18,712
$661M
~$35,320
$1,573M
7th
Combined
30,221
$1,047M
~$34,650
$2,535M
~6th
Coin counts and cost basis from June 30 filings; values from Q3 results. Ranks among public companies, based on BitcoinTreasuries.net data.
What a merger would change and what it wouldn’t
A combined company would report both stacks without buying a coin. Barclays has suggested a deal could be announced before Tesla’s annual meeting, which must take place by December 6, with SpaceX as the likelier acquirer.
The two companies are already linked on paper. Tesla’s $2 billion investment in xAI converted into a SpaceX stake of under 1% when xAI merged into SpaceX. That is an equity holding and adds no Bitcoin to Tesla’s books.
Holding is also a decision that Tesla has reversed before. In early 2021 it bought $1.5 billion of Bitcoin and sold part of it within the same quarter for $272 million. In mid-2022 it converted about 75% of its purchases into fiat, raising $936 million. Both sales became public only in quarterly results.
A merged board would inherit roughly $2.5 billion in Bitcoin. SpaceX alone spent $19.6 billion on capital projects in the third quarter, most of it on AI computing, so the coins would not be central to the combined company’s finances. Neither company has said whether a merged business would keep them, sell them or buy more.
Next disclosures to watch
Tesla’s Q3 10-Q, which should state the exact coin count behind the $962 million.
Whether the committees agree terms before Tesla’s annual meeting.
Any treasury policy for the 30,221 BTC set out in merger documents.
This article is provided for informational purposes only and does not constitute financial or investment advice.
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.
US spot Bitcoin ETFs have just attracted nearly 550 million dollars in two sessions. After 526.6 million dollars on Monday, the funds added 23.16 million on Tuesday. The turnaround is quick: they had lost about 228.6 million the previous week. Meanwhile, Ether ETFs remain in the red with 129.41 million dollars of outflows since Monday.
In brief
Bitcoin ETFs attracted 549.76 million dollars in two days.
BlackRock’s IBIT captured another 29.86 million on Tuesday.
Ether ETFs lost 129.41 million in the same two sessions.
Bitcoin recovers $550M in two sessions
Monday did almost all the work. US Bitcoin ETFs attracted 526.6 million dollars on October 19. Alone, BlackRock’s IBIT had received 665.16 million dollars, offsetting withdrawals recorded at Fidelity and Grayscale.
Tuesday, the movement slowed significantly. Net inflows no longer exceed 23.16 million dollars. The balance remains positive for a second consecutive session. In total: 549.76 million dollars in two days. IBIT attracted another 29.86 million on Tuesday. Fidelity’s FBTC adds 3.58 million, while Bitwise’s BITB loses 10.29 million.
Other products remain balanced. The value of transactions on Bitcoin ETFs reached 1.92 billion dollars on Tuesday. Their net assets now amount to 106.28 billion dollars, or approximately 6.38% of BTC’s market capitalization. The rebound comes after several difficult sessions.
Two weeks of outflows almost erased
Last week, Bitcoin ETFs recorded about 228.6 million dollars of net withdrawals. One week earlier, the toll was even heavier. Overall, Bitcoin ETFs lost about 910 million dollars in two weeks, after a sudden reversal of institutional flows at the beginning of the month.
The 549.76 million recovered Monday and Tuesday therefore erase more than double the withdrawals of the previous week. However, the change remains very concentrated. On Monday, IBIT received 665.16 million dollars while Fidelity lost 83.6 million and Grayscale 54.9 million. On Tuesday, BlackRock remains the main engine with its 29.86 million.
Two positive sessions are therefore not yet enough to establish a new lasting trend. Bitcoin ETFs have already shown this year that capital can enter and exit very quickly. In early October, Bitcoin and Ether lost nearly a billion dollars via their ETFs in just two days. This time, Bitcoin recovers part of the lost ground. Ether much less.
Ether ETFs remain in the red
Ethereum funds follow the opposite trajectory. On Tuesday, Ether ETFs recorded 26.13 million dollars of net outflows, their fifth consecutive session in the red. BlackRock represents most of the withdrawals with 33.02 million dollars taken out of ETHA. Fidelity nevertheless attracts 3.63 million dollars on FETH. The Grayscale Ethereum Mini Trust also adds 3.25 million.
It is not enough. Monday had already cost 103.28 million dollars to Ether funds. The cumulative balance of the first two sessions of the week thus reaches 129.41 million dollars of outflows.
Net assets of Ether ETFs stand at 14.98 billion dollars, compared to over 106 billion for those dedicated to Bitcoin. The contrast is therefore quite clear: at the same time, 550 million dollars return to Bitcoin while more than 129 million leave Ether. There are still three sessions in the week. For now, investors returning to crypto ETFs clearly favor Bitcoin.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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.
John Bollinger, the well-known trader and creator of the Bollinger Bands technical indicator, has uncovered a hidden Bitcoin-themed game on CoinMarketCap, a popular cryptocurrency data tracking website.
Bollinger’s discovery goes viralOn October 21, Bollinger shared his discovery with followers on X, noting the presence of a small bird icon in the bottom-left corner of CoinMarketCap’s homepage. When activated, this icon reveals a mini arcade game inspired by Bitcoin‘s historical price movements, bounded by the famous upper and lower bands that bear his name.
Bollinger commented on the engaging nature of the feature, describing it as a nostalgic reminder of the early days of the crypto industry and technical analysis. He encouraged users to try it themselves, expressing his enjoyment of the game’s playful approach to crypto history.
Just saw this @CoinMarketCap has a tiny bird floating in the bottom left corner of their site. Sorta reminds me of the good vibes of the early days. Enjoy!
The mini-game seamlessly blends classic arcade entertainment with the visual patterns of crypto trading. Players guide a small bird through a corridor defined by Bitcoin’s historical price chart, with the path confined between the upper and lower Bollinger Bands. The game’s basic mechanics mirror the popular Flappy Bird, but incorporate elements unique to crypto markets.
A crypto twist on classic arcade gameplayInstead of avoiding pipes, as in the original Flappy Bird, players must ensure the bird stays within the Bollinger Bands, avoiding contact with either the upper or lower boundary as they navigate Bitcoin’s famous price swings. Each level represents a different time period in Bitcoin’s history, reflecting real market volatility and challenging players to adapt to widening and contracting bands.
This approach not only entertains but also highlights how Bollinger Bands respond dynamically to changes in market volatility, offering an interactive visualization for both casual gamers and trading enthusiasts.
Mini dictionary: Bollinger Bands are a widely used technical analysis indicator invented by John Bollinger in the early 1980s. They consist of three lines: a middle moving average and two bands plotted above and below it. The distance between the bands expands or contracts based on market volatility, helping traders assess whether prices are relatively high or low.
Accessing the game is simple. Users can visit CoinMarketCap and click on the discreet bird icon to start playing. While the rules are straightforward, skillfully maneuvering through periods of Bitcoin’s turbulent price history remains a notable challenge for even the most experienced players.
This hidden game serves as a lighthearted tribute to one of the most influential technical indicators in trading and offers a unique blend of crypto culture and classic mobile gaming.
Strive stock extended its rally this week, tracking the recent surge in Bitcoin as cryptocurrency markets rebounded. ASST, the ticker for Strive, reached $30.8, marking its highest valuation since early October and representing a 335% gain from this year’s lowest price.
Strive becomes major Bitcoin holderStrive, a company linked with entrepreneur and investor Vivek Ramaswamy, has rapidly emerged as one of the largest institutional holders of Bitcoin globally. Latest data shows Strive holds 36,818 BTC, valued at over $3.1 billion at current prices.
This accumulation brings Strive to fourth place among Bitcoin-holding companies, standing just behind Strategy, Metaplanet, and Twenty One Capital.
Strive’s aggressive expansion in Bitcoin holdings was supported by an initial public offering of its SATS preferred asset, which raised enough capital to purchase an additional 7,328 coins. According to Strive, these funds have been earmarked explicitly for further Bitcoin acquisitions.
The company’s Bitcoin accumulation strategy remains active, given its pool of outstanding shares which supports ongoing crypto purchases.
Mini dictionary: Strive, a US-based financial services company, is known for its digital asset investment products and its growing presence in Bitcoin asset management. The firm was co-founded by Vivek Ramaswamy, a prominent businessman and former US presidential candidate.
Bitcoin reached $84,360, up 45% from its year-to-date low, while Strive’s holdings climbed to a value exceeding $3.1 billion, records show.
Bitcoin price outlook and ETF inflowsBitcoin’s rally followed a positive outlook in a new JPMorgan Asset Management report that projected annualized returns of 10% in the long term for the largest cryptocurrency. The bank argued that Bitcoin is likely to outperform traditional assets such as gold, equities, and bonds, citing its recent strength.
Analysts at JPMorgan stated that the upward momentum may persist, reinforced by strong inflows into spot Bitcoin exchange-traded funds (ETFs). On Tuesday, these ETFs added $23 million, following $526 million of inflows on Monday. Inflows for July reached $172 million, while August and September saw $3.52 billion and $2.65 billion, respectively.
MonthETF InflowsJuly$172 millionAugust$3.52 billionSeptember$2.65 billionMonday$526 millionTuesday$23 millionJPMorgan Asset Management noted that Bitcoin’s robust ETF inflows and broad investor interest are strengthening its market position relative to other major asset classes.
Technical and price analysis for Bitcoin and StriveRecent technical analysis suggests Bitcoin may be on the verge of a bullish breakout. The cryptocurrency bottomed at $57,672 in July and rallied to a peak of $87,254 before retreating to $79,872. Technical signals indicate that Bitcoin has surpassed the upper boundary of a falling wedge pattern, historically seen as a bullish indicator. The coin’s move above the resistance level of $82,703, its highest price in May, has signaled a confirmed breakout, supported by its position above the Supertrend indicator.
Market observers see potential for Bitcoin to challenge its previous peak at $87,254. Breaking above this resistance may pave the way for another climb, potentially aiming for the psychological threshold of $100,000. Such gains would increase the value of Strive’s Bitcoin holdings to approximately $3.6 billion if current acquisition rates continue.
Strive’s own share price has mirrored this positive sentiment. The daily price chart shows ASST rebounded from a low of $7.10 in February to reach $31.87, before retracing to $22.51 in mid-October. Since then, the stock has sustained levels above the Supertrend indicator, while its Relative Strength Index scored 63, the highest since early October.
A close above the $31.87 resistance could trigger additional gains, with the next key level identified at $35.
SpaceX (NASDAQ: SPCX) reported strong third-quarter 2026 results that underscore its rapid transformation from a pure-play launch provider into a diversified technology company dominated by artificial intelligence.
The company generated $14.6 billion in revenue, a 161 percent increase from the year-earlier period, while swinging from a $1.1 billion net loss to $4.4 billion in net income.
Adjusted EBITDA climbed to $8.8 billion, up 306 percent year over year.
Operating income reached $2.8 billion and diluted earnings per share came in at 35 cents, comfortably ahead of Wall Street expectations that had clustered between roughly 13 and 16 cents.
Revenue also beat consensus forecasts in the $12.7–12.9 billion range.
The standout contributor was the Super Intelligence (SI) division, which encompasses Grok, cloud infrastructure, and the recently acquired Cursor operation.
SI produced $7.56 billion in revenue, an 830 percent surge from the prior-year quarter, and for the first time surpassed Starlink as the company’s largest revenue source.
The segment posted $431 million in operating income after recording a $1.72 billion operating loss in the comparable 2025 period. Growth was driven by new cloud services agreements, rising enterprise and consumer adoption of Grok, and the Cursor acquisition.
Starlink and the broader connectivity business remained robust, delivering $5.25 billion in revenue, a 69 percent year-over-year gain supported by 13.6 million consumer subscribers.
Traditional space operations added $1.77 billion.
The quarter also marked a milestone in launch capability: SpaceX completed its first revenue-generating Starship mission, deploying 26 next-generation Starlink satellites.
Beneath the operating results, the balance sheet showed $1.573 billion in digital assets as of September 30, 2026.
This figure is consistent with the company’s previously disclosed holdings of 18,712 Bitcoin, acquired at an approximate cost basis of $661 million.
The reported value declined $64 million from the end of 2025, reflecting an unrealized mark-to-market loss rather than any sale; the cash-flow statement recorded a matching unrealized loss on digital assets for the first nine months of the year.
External blockchain trackers, including Arkham Intelligence, continue to show the same 18,712 BTC balance, largely held in Coinbase Prime custody.
No indications of additional purchases or disposals appeared in the latest earnings materials.
Heavy investment accompanied the growth.
Capital expenditures totaled $19.6 billion for the quarter, of which $16.4 billion went to the Super Intelligence segment to expand compute capacity, which reached 1.7 gigawatts of nameplate power by quarter-end.
Even after these outlays, SpaceX held approximately $89.9 billion in cash and marketable securities.
Elon Musk’s personal fortune, as tracked by Forbes’ real-time billionaires list, stood near $925 billion on October 20, 2026, up $1.4 billion from the previous day.
The bulk of that wealth remains tied to his ownership stakes in SpaceX and Tesla.
With the company now generating multibillion-dollar profits and expanding its AI infrastructure, Musk sits within reach of the $1 trillion net-worth threshold.Taken together, the results illustrate SpaceX’s evolution into an AI-led technology platform that still maintains a sizable, stable Bitcoin treasury while funding aggressive expansion from a strong cash position.
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Bitcoin climbed alongside technology stocks as a revival in risk appetite spread to cryptocurrencies, lifting the token out of a bout of listless trading and offering another sign of resurgent speculative fervour across global markets.
The original digital asset rose as much as 2.4% to $84,737 as a rally sparked by SpaceX earnings helped reignite enthusiasm for riskier assets, even as questions lingered over the sustainability of the artificial intelligence boom.
Read more: Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment
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Also helping sentiment: the Office of the Comptroller of the Currency unveiled a final measure for payment stablecoin issuers, in latest sign pro-industry development.
Read more: Singapore-based Ascertis Credit secures $700 million for Fund IV
The latest uptick has been in part driven by a rebuilding of leverage via perpetual futures. Open interest, or the total outstanding number of the futures contracts, has been rising again after weeks of deleveraging, according to data compiled by Coinglass.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Spot gold breaks below the $4,100 mark, down 1.08% intraday.
According to Bitget's market data, spot gold has fallen below the $4,100 mark, down 1.08% on the day, and is currently trading at $4,096.58 per ounce.
4 minutes ago
Lightning Labs’ CTO warns of eMudhra Certificate Authority (CA) leakage risk, advises users to update relevant clients.
Lightning Labs CTO Olaoluwa Osuntokun published a post stating that due to the impact of the CVE-2026-111943 vulnerability, he strongly recommends all users of lnd, btcd, tapd, and litd either update their binary files or rebuild the software using Go 1.27.3. The CVE-2026-111943 flaw involves a compromised certificate authority, which may affect the security of the relevant software.
4 minutes ago
Glassnode: Bitcoin is in a strong range-bound state, with the market focusing on key catalyst events.
Glassnode released its weekly market report, stating that Bitcoin is constrained within a "trading range" of $80,000 to $87,000. Daily closes once rose above roughly $87,500, and recent ETF inflows paired with expanding trading volume show demand is absorbing supply at the upper end of the range. If Bitcoin breaks below $80,000, both ETF holders and average treasury investors will enter losses, potentially dragging the price down toward the True Market Mean. Below the range, buyers have re-accumulated positions near $80,000 based on ETF and Treasury cost bases (though at a smaller scale than the peak). Above the range, the cost basis for buyers who entered positions 6 to 12 months ago is around $86,700, paired with order book sell walls and liquidation clusters at roughly $85,000 and $87,000. A breakout from this range could accelerate, but will encounter selling pressure. Glassnode noted that investors should focus on upcoming key catalysts, including the Federal Reserve’s October 28 interest rate decision, rising oil prices and yields, and a rebound in inflation expectations. Separately, MSCI will publish its index adjustment list on November 11 (effective November 30), with potential removals of stocks such as Strategy, which could impact related equities and Bitcoin buying demand.
4 minutes ago
Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
4 minutes ago
Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
4 minutes ago
Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
After weeks of uneven ETF flows, Bitcoin [BTC] has received a strong boost from institutional investors, raising hopes that demand is returning.
These investment funds saw $663 million flow in just yesterday, their largest inflow in the past two months. Notably, all of those investments went to BlackRock’s IBIT, reversing the cumulative ETF outflows seen in October.
That indicates that demand for Bitcoin rose significantly during the same time frames when institutional investors were committing money to the asset class at varying rates.
At the same time, Bitcoin [BTC] held near $82,500 after recovering from lows around $60,000 in June. Hence, these new investments are being made in a more positive price environment than they would have been before.
Source: Glassnode Should this continue, continued ETF purchasing activity should act as support for the market and provide an opportunity for sustaining this recovery. It should be noted, however, that one single good week does not create long-term changes in attitude.
Switzerland opens Bitcoin ETF access to retail investors While U.S. ETF inflows highlight renewed institutional demand, Switzerland is widening Bitcoin access for everyday investors through a different route.
On Tuesday the 20th of October, the country’s regulator, FINMA, approved a fund that will hold actual Bitcoins for the benefit of public shareholders. Previously, similar products were available but limited to “qualified” or institutional investors.
This new product includes real Bitcoin ownership while offering clients the opportunity to avoid managing their own private keys. This is unlike previous futures-based products, where customers did not own the underlying asset and therefore did not possess private keys associated with the assets.
The product will be trading under the ticker (BBIT), and it is anticipated it will begin trading on the SIX Swiss Exchange next month.
Source: FINMA Furthermore, FINMA waived traditional diversification requirements for the fund. It stated that historical price movements and Bitcoin’s liquidity provided sufficient justification for waiving those restrictions.
Bitcoin tests $84K resistance Bitcoin’s rebound is testing whether renewed buying can overcome the selling pressure that weakened its October rally. After climbing near $87,000 in late September, BTC reversed and fell below $84,000.
Since then, buyers have struggled to re-establish dominance.
That said, repeated defense of the $79,800 support level has allowed Bitcoin to recover up toward $83,376. For buyers to establish control and demonstrate further strength in their overall position, they will need to successfully breach resistance at $84,300.
Source: TradingView That would allow them to challenge resistance at $87,400 and potentially create additional confidence among investors, thereby attracting additional buyers. Conversely, if buyers fail to break through resistance and instead fall back toward $82,560 or $79,800.
Still, it is possible that sellers could resume pressure on the markets and cause prices to drop.
Final Summary Bitcoin ETFs gained $663 million, erasing October’s net outflows as BlackRock’s IBIT captured all inflows.
BTC nears $84,300 resistance, with sustained ETF demand needed to break toward $87,400.
Spot gold breaks below the $4,100 mark, down 1.08% intraday.
According to Bitget's market data, spot gold has fallen below the $4,100 mark, down 1.08% on the day, and is currently trading at $4,096.58 per ounce.
4 minutes ago
Lightning Labs’ CTO warns of eMudhra Certificate Authority (CA) leakage risk, advises users to update relevant clients.
Lightning Labs CTO Olaoluwa Osuntokun published a post stating that due to the impact of the CVE-2026-111943 vulnerability, he strongly recommends all users of lnd, btcd, tapd, and litd either update their binary files or rebuild the software using Go 1.27.3. The CVE-2026-111943 flaw involves a compromised certificate authority, which may affect the security of the relevant software.
4 minutes ago
Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
4 minutes ago
Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
4 minutes ago
Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
4 minutes ago
Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.
Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others.
Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.
A new call circulating on X says XRP could reach $4 by November 30. XRP is trading near $1.39, so that would mean a 188% rally in less than six weeks. The forecast rests on a comparison with 2024, when XRP spent months near $0.50 before breaking out above $3.
XRP is up about 4.5% in the past 24 hours, and buyers stepping in on dips have lifted it to around $1.39.
The Case For $4
Supporters of the $4 target see the current $1.28 to $1.33 zone as a base like the one XRP formed in 2024. Both the 100-day and 200-day moving averages sit close to $1.28, which they treat as a support floor.
The path outlined has several stages:
$1.60 to $1.73: major resistance that would need to break to confirm bullish momentum$2.19, $2.56 and $2.93: Fibonacci levels to clear next$3.46, then $3.66: the second figure is XRP’s all-time high$4.14: a Fibonacci extension close to the $4 targetA shorter-term view suggests that a move above $1.42 would put $1.52 in play.
The Ceiling Tested Seven Times
However, XRP has tested its $1.27 to $1.55 range seven times. It bounced off the $1.27 floor again this week.
On that view, the path forward is:
$1.27, then $1.40, then $1.48, then $1.55If XRP breaks above $1.55 on heavy volume and holds there, $1.70 and $1.88 come into view.The same reading warns that levels tested many times can weaken, so an eighth test of $1.55 is not certain to produce a breakout.
Can Retail Interest Lift XRP?
Some market watchers are looking at retail attention instead of charts. A new @XRP handle on X and the XRP.org website could bring fresh buyers in. XRP’s reputation as a “normie chain” is seen as a possible strength, since marketing to everyday users can drive demand.
They point to the launch of First Ledger, a meme coin platform on the XRP Ledger. When it launched, XRP was trading near $0.52. In the weeks that followed, XRP climbed to about $2.80, and on-chain activity picked up as the platform grew. It is unclear whether the meme coins lifted XRP or XRP’s rally drew traders to the meme coins, and the timing may have been a coincidence. According to XRPScan data, XRPL activity is rising again.
What $4 Would Require
For XRP to reach $4, it would need to:
Break the $1.55 ceiling that has held through seven testsClear the $1.60 to $1.73 resistance zoneRise past its $3.66 all-time high, all before November 30The 2024 rally shows that large moves are possible, but that climb from $0.50 took weeks of buildup. For now, XRP is trading in the lower half of its range.
Story Ends Here
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Ripple has called on the U.S. Securities and Exchange Commission (SEC) to finalize its proposed Regulation Crypto Assets framework, advocating for cryptocurrencies to be reclassified and not remain as securities indefinitely. This move comes as Ripple aims to secure greater regulatory clarity for XRP and other crypto assets, following the resolution of a lawsuit with the SEC in 2025. The proposed framework would offer exemptions for certain offerings and a clearer process for assets to detach from being linked to investment contracts. The SEC has yet to finalize these regulations, which are seen as pivotal for the future treatment of crypto assets.
Key Takeaways
Ripple’s request to the SEC suggests an effort to resolve regulatory ambiguity surrounding cryptocurrencies.
The SEC’s proposed framework could create more predictable rules for token issuance and market participation.
Pricing suggests that market participants may view this as a potential positive development for XRP’s value.
What to Watch
The finalization of the SEC’s crypto assets framework will be crucial, potentially affecting XRP’s classification and market behavior. Observers should monitor any SEC announcements or shifts in policy that align with Ripple’s advocacy. Additionally, changes in market pricing and liquidity in response to regulatory developments could indicate the impact on XRP’s trajectory in October.
Austin Hilton, a well-known crypto commentator, has urged XRP holders to pay close attention to upcoming economic events, emphasizing that the next ten days could significantly affect their holdings. In a video shared on X, Hilton told his audience the upcoming Federal Reserve meeting is set to influence the entire cryptocurrency market.
The Federal Reserve’s impact on cryptoHilton addressed the persistent concerns in the crypto space regarding inflation, interest rates, and broader economic uncertainty. He admitted feeling the same fatigue, stating, “I’m tired of talking about the Federal Reserve and interest rates. I’m tired of talking about inflation. I’m tired of talking about uncertainty.”
Nonetheless, he maintained his belief that digital assets create opportunities for individual investors. Despite the long-term potential, he cautioned that the present market environment requires vigilant monitoring, especially with the critical Federal Reserve meeting approaching on October 28.
Hilton outlined, with reference to recent inflation data: With both Consumer Price Index and Producer Price Index reports coming in above expectations, he expects the Federal Reserve to raise the base rate by 0.25% at its next meeting. He estimated the likelihood of a rate hike at over 80%, categorically ruling out the prospect of a rate cut.
According to Hilton, the rate announcement on October 28 will be a pivotal event for crypto investors. Higher rates push up borrowing costs, strengthen the U.S. dollar, and increase Treasury yields. These changes make traditional assets more appealing at the expense of riskier markets like crypto, which could prompt investors to move their funds away from digital assets.
Market liquidity and the risk for XRPHilton described how crypto markets, including XRP, are currently experiencing thin liquidity. He introduced the term “bullish liquidity” to describe capital entering the market in anticipation of upward price moves, but noted this support is currently lacking.
He warned that if the Federal Reserve does indeed implement a rate hike and markets react adversely, XRP may quickly fall below the $1.20 level. Hilton suggested that investors brace for potential volatility tied to both economic policy and market sentiment.
Hilton cautioned that as borrowing becomes more expensive and yields move higher, funds tend to shift out of speculative assets like XRP. In his view, the absence of bullish liquidity increases the vulnerability of crypto prices to macroeconomic shocks.
Discussing XRP’s recent trading pattern, Hilton noted the cryptocurrency had gained more than 57% over 14 days before entering a consolidation phase that has lasted since late August. He pointed out that this sideways movement is consistent with previous price cycles for XRP, which often sees sharp gains followed by periods of consolidation before another rally.
The current scenario, he said, has placed the market in a holding pattern as many investors are waiting for the Federal Reserve decision before taking new positions.
Efficient tools for market monitoringWith major events like Federal Reserve decisions capable of dramatically shifting the crypto market within seconds, investors must remain vigilant. As traders seek to avoid the cost of jumping between multiple apps for charting, news updates, and portfolio tracking, privacy-first platforms like CryptoAppsy are gaining popularity. Without requiring users to create an account, such platforms provide real-time charts, smart price notifications, asset-specific news, and vital macroeconomic data in a single view—helping traders react rapidly during periods of volatility.
DBS Bank, a leading financial institution in Southeast Asia, has identified the XRP ecosystem as one of the most effective frameworks for bridging digital assets with traditional payment flows. This recognition comes as both private sector and network initiatives accelerate efforts to improve institutional settlement processes across borders.
SWIFT’s real-time ledger and industry collaborationSWIFT has introduced a real-time ledger to record, order, and verify transactions. Unlike some decentralized projects, SWIFT’s model finalizes settlements using traditional banking infrastructure, maintaining existing compliance and risk protocols.
This system now supports the first live use case: 24/7 cross-border payments with bank-issued tokenized deposits. Major global banks such as DBS, BNP Paribas, HSBC, Citi, and Standard Chartered are early participants. The initiative advanced from concept to operational testing within a year.
Developers structured the SWIFT ledger to enable constant connectivity between traditional banking and digital asset networks. Direct settlement of digital assets is not handled by SWIFT; instead, the network supplies an orchestration layer that lets banks operate under current financial regulations.
Feedback from over 40 financial institutions is expected to shape future features, aiming to improve interoperability and efficiency in global payments.
Mini dictionary: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network that enables secure communication between banks and financial institutions, especially for cross-border payments. Its system is widely used for international fund transfers and compliance management.
Focus on interoperability and complianceDBS Bank explained that the SWIFT ledger unifies tokenized deposits, digital assets, and international payments to create a more seamless client experience. The approach maintains crucial features of correspondent banking, such as the ISO 20022 compliance framework, while improving liquidity transparency and round-the-clock operational capability.
Rather than replacing existing systems, the focus remains on building bridges between current payment rails and emerging digital networks. This strategy supports ongoing regulatory requirements while enabling new technological capabilities.
DBS Bank emphasized that connecting tokenized deposits and digital assets to international payments presents opportunities for smoother transactions and improved client service, without compromising established compliance standards.
XRP Ledger’s role in institutional settlementThe XRP Ledger, developed to facilitate efficient cross-border settlements, continues to prioritize interoperability with the established financial system. Its advocates argue that reducing friction between traditional banking and on-chain settlements is vital for digital asset adoption among institutions.
SWIFT’s current solution supports only bank-controlled tokenized deposits, while the XRP Ledger operates as a public blockchain focused on broader asset transfers.
NetworkSettlement AssetUse CaseParticipantsSWIFT LedgerTokenized deposits24/7 cross-border banking payments40+ global banksXRP LedgerXRP, digital assetsOn-chain settlement, interoperabilityPublic and private institutionsIndustry observers expect hybrid models to emerge, with both SWIFT’s orchestrated approach and public ledgers like the XRP Ledger evolving based on market demand and regulatory feedback.
Ongoing collaboration between traditional institutions and blockchain developers is expected to influence the broader adoption of tokenized deposits and digital assets, especially as regulated channels seek innovative solutions for international settlement.
Integrating established payment infrastructure with new digital networks is seen as critical to supporting the seamless movement of value worldwide, with tokenization acting as a key enabler in regulated environments.
Cryptocurrency analysis platform Santiment evaluated current on-chain data and investor sentiment for Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL). The analysis noted that Bitcoin whales are entering a strong accumulation phase, while XRP is in a more advantageous position than other major cryptocurrencies in terms of some indicators.
Speaking on the Thinking Crypto podcast, Santiment analyst Brian said the cryptocurrency market is at a critical juncture. He noted that Bitcoin is currently trading sideways between $80,000 and $86,000, and that crypto users are awaiting developments that will determine the market’s next direction.
The movements of Bitcoin whales in recent weeks have been one of the most noteworthy parts of the analysis.
According to Santiment data, large investors holding between 10 and 10,000 BTC engaged in a period of intense accumulation starting September 17-18. These wallets purchased approximately 85,000 BTC in the last four to four and a half weeks.
The total Bitcoin holdings of this group of investors reached their highest level in approximately six months, a development that the analyst considered a positive signal for the future of the market.
However, the increasing optimism among small investors regarding Bitcoin is a factor to watch, according to Santiment. The analyst noted that the growing optimism of wallets holding 0.01 BTC or less has, in the past, sometimes created adverse signals in terms of price movements.
Bitcoin’s MVRV indicators confirm the market’s indecision. According to data shared by Santiment, Bitcoin’s 365-day MVRV is at 2%, while its 30-day MVRV is at minus 1.4%.
The analyst noted that both indicators being very close to zero does not signal overvaluation or a strong buying opportunity in Bitcoin.
On the other hand, it was noted that there was a net inflow of approximately $526.7 million into Bitcoin ETFs on October 19th. This amount corresponds to the largest daily inflow in about four weeks, while Santiment cautioned that high ETF inflows have occasionally coincided with local price peaks in the past.
In a comparison between Ethereum and XRP, XRP’s MVRV indicators stood out.
Ethereum’s 30-day MVRV was measured at minus 4 percent, and its 365-day MVRV at minus 3 percent. The analyst stated that while both values being in negative territory is somewhat more positive compared to Bitcoin, it does not yet indicate a strong buying opportunity.
It was noted that XRP’s MVRV indicators are at significantly more negative levels than both Bitcoin and Ethereum.
According to the Santiment analyst, this situation indicates that, when evaluated in terms of unrealized losses for investors, XRP has the MVRV (Maximum Recovery Value) outlook, which mathematically points to the highest recovery potential among the three cryptocurrencies.
However, the analyst emphasized that this indicator alone does not guarantee an upward trend.
Brian noted that XRP has experienced quite volatile price movements in recent months, first rising by approximately 51-52 percent in a five-day period, then by 22 percent in another six-day period, before subsequently falling by about 16 percent from its peak.
Social media sentiment indicators for Ethereum, XRP, and Solana do not show any significant upward or downward trend. While there were temporary increases in positive comments about Ethereum and XRP on October 19th, overall investor sentiment remains neutral.
A Santiment analyst stated that investors in all four major cryptocurrencies are strongly avoiding taking bullish or bearish positions.
This delay is believed to be driven by uncertainties surrounding the US midterm elections and the CLARITY Act, which includes regulations for the cryptocurrency market.
*This is not investment advice.
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Evernorth Holdings can raise roughly $132.2 million for its XRP treasury. The number comes from a final prospectus the company filed with the SEC on October 19, 2026, registering 11,499,992 shares of Class A common stock issuable when holders of its public warrants exercise at $11.50 per share. The math is simple: 11,499,992 multiplied by $11.50 equals $132,249,908. The company stated the terms in the 424(b)(3) prospectus on EDGAR, filed under Registration No. 333-294417.
The filing does not promise that money will arrive. It only registers the shares so warrant holders can exercise if they choose. But the numbers frame what Evernorth’s capital path now looks like, and the filing discloses one figure that reframes the whole deal: XRP fell roughly 39.5% between the day the merger agreement was signed and the day it closed.
The Warrant Math
The 11.5 million shares come from warrants issued in the SPAC that took Evernorth public. Each warrant entitles its holder to buy one Class A share at $11.50. On October 16, the last reported sale price before the prospectus, Class A shares traded at $15.45 and the warrants at $4.16, according to the filing. At $15.45, every warrant is in the money by $3.95. The $4.16 warrant price leaves only about $0.21 of time value, which says the market is pricing these warrants mostly as a levered bet on the shares already trading above the exercise price.
Evernorth’s stock trades on the Nasdaq Global Market under XRPN, with the warrants under XRPNW. The company will receive proceeds only when holders actually exercise, and the filing is explicit: “We will receive the proceeds from any exercise of the Public Warrants for cash.” A full exercise would hand Evernorth about $132.25 million before costs. At XRP’s current price near $1.39, that sum would buy roughly 95 million XRP. The filing never makes that purchase calculation, but the arithmetic follows directly from the reserve policy.
The 39.5% Drop the Filing Discloses
Buried in the prospectus definitions is the deal’s XRP price adjustment. The business combination agreement was signed October 19, 2025, and the filing pins the signing benchmark: “The Signing XRP Price has been determined to be $2.36609.” The closing benchmark came in lower: “The Closing XRP Price has been determined to be $1.43069.”
The gap is 39.5%, and it mattered for the people who put XRP into the deal early. The adjustment mechanics only pay out extra shares when the closing price exceeds the signing price. It did not. Closing at $1.43069 against a $2.36609 signing price means no adjustment shares were issued to early subscribers, so their effective entry was not cushioned by the deal’s own anti-dilution math. A one-year slide from $2.37 to $1.43 is the context most readers are missing when they see the treasury headline.
What the Treasury Policy Actually Says
Evernorth’s treasury is not a passive XRP wallet. The company adopted a Treasury Reserve Policy at closing that makes XRP the primary reserve asset. The filing defines it in plain terms: the reserve consists of “cash assets that exceed working capital requirements” and “XRP, which serves as the primary treasury reserve asset of Pubco and the Company on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets.”
That last clause is the important one. The company can hold cash when it needs cash. The prospectus does not earmark the $132.2 million specifically for XRP purchases, and the earlier coverage of Evernorth’s Armada merger and Nasdaq debut reported a treasury of roughly 473 million XRP. The warrant proceeds widen the company’s ability to add to that position, but the allocation is discretionary, not mechanical.
The scale of the XRP already involved is the other number worth naming. The SPAC’s sponsor, Arrington XRP Capital Fund, contributed 211,319,096 XRP in the Series C subscription. A related party entity, the Larsen Lam Children’s Remainder Trust, contributed 50 million XRP. Advance funding brought $214.05 million in cash plus 600,000 XRP, and delayed funding added $10.5 million plus 200,000 XRP. Those are the blocks that built the treasury before any warrant dollars arrive.
Where XRP Sits Now
XRP traded near $1.39 at 18:17 UTC on October 21, up about 5.3% over the prior 24 hours, according to CoinGecko. That is below the $1.43069 closing benchmark the deal used, and far below the $2.36609 signing price. The token is down about 41% from the signing level even after the day’s bounce, which is the tension the data shows: the treasury story reads as bullish accumulation, but the price of the asset being accumulated has not confirmed it. XRP’s market capitalization sits near $88 billion, with the token’s circulating supply above 63 billion.
Evernorth is the XRP Ledger’s closest analog to the bitcoin treasury playbook, where a public vehicle raises capital to hold more of the underlying asset. The difference is scale and mechanism. A $132.2 million warrant exercise against XRP’s near-$88 billion market cap is a rounding error in daily liquidity, but it is material to Evernorth’s own balance sheet. At $1.39, the roughly 473 million XRP already reported in the treasury is worth about $657 million, and a fully exercised warrant raise could lift that position by roughly a fifth. The data says the raise matters to Evernorth more than it moves the XRP market.
The warrants themselves are the cleaner signal. They trade in the money, which means the market currently expects exercise to happen over time, not that it has happened. The $132.2 million is a ceiling tied to full exercise. Actual inflow will arrive in increments whenever holders decide the shares are worth more than the $11.50 exercise price plus the warrant cost. For the broader XRP news picture, Evernorth sits alongside the other treasury-style buyers as a structural bid, but a bid that only materializes on the holders’ schedule.
What the Filing Does Not Settle
The prospectus is a registration step, not a capital raise and not a purchase order. Three things remain open. First, how many of the 11.5 million warrants actually convert, and when. Second, how much of any cash Evernorth commits to XRP versus working capital, given the reserve policy’s cash carve-out. Third, whether the stock’s premium to the exercise price holds long enough to pull exercise forward.
Evernorth also carries a $30 million convertible note and redeemed 18,463,753 public shares from the trust during the combination, details that matter when weighing how much of a future raise would actually flow to the treasury rather than other obligations. The filing gives the terms and the numbers. It does not give a destination for the cash, and it does not rescue the year-long slide in the asset the treasury is built to hold.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Security has long been foundational to institutional digital asset custody, but the way institutions choose between providers is evolving. A growing emphasis on governance, interoperability, and integration means modern digital asset custody goes far beyond safekeeping.
As stablecoins, tokenized assets and blockchain-based payments move beyond pilots, institutions are looking past how to securely hold digital assets toward what those assets can enable. The answer depends largely on the custody infrastructure beneath them.
To explore this shift, Ripple commissioned Boston Consulting Group (BCG) to produce an independent research report, Beyond Safekeeping: Custody as the Operating Layer Beneath Digital Finance. The report aims to advance the industry’s understanding of how custody requirements are changing, what institutions should prioritize and where the next opportunities for adoption and innovation may emerge.
Security has become the baselineAccording to BCG, over 30% of digital assets, excluding holdings on centralized exchanges, are now held through institutional custody models, and that share continues to grow. As the market matures, and as frameworks like MiCA in Europe and the GENIUS Act in the United States bring regulatory clarity, safekeeping and key management have become baseline requirements rather than differentiators. BCG finds that institutions increasingly evaluate custody providers on what sits above security: enterprise-grade governance and policy controls, interoperability across networks, and integration with existing financial infrastructure. The report also looks at how rising bot and AI activity is making governance and approval controls just as important to security as cryptography.
As a result, custody is becoming an operating layer for digital finance. It enables institutions to securely govern, move and use assets across their financial workflows, not just hold them.
Custody models are diversifyingInstitutional requirements are becoming more sophisticated, with growing demand for greater legal signing control, deeper core-system integration and more flexible deployment. According to the report, Wallet-as-a-Service is gaining traction among retail- and payments-focused fintechs, while large banks are increasingly licensing self-custody technology and building client products on top of it. Another model is the one-stop shop: providers such as Ripple bring custody, settlement assets, payment rails, treasury and execution together under one offering, connecting the custody and control layer directly to the financial activities those assets support and reducing the need for separate integrations across each function.
The right model depends on each institution’s broader digital asset strategy, and increasingly may involve a combination of approaches. BCG finds that combining multiple custodians behind a common orchestration layer is becoming a market standard, making interoperability and orchestration important considerations for institutions looking to manage digital assets across multiple networks or environments.
The real value is in what custody makes possibleCustody is not a single use case. It underpins services such as tokenization, stablecoin issuance, payments, treasury, lending and collateral management. This shifts the business case for custody from cost and risk management toward broader financial value creation.
BCG estimates that a regional bank with a $200–300 billion balance sheet could improve its P&L by up to $100 million by combining digital asset use cases with the right custody decisions. The full report breaks down where that opportunity comes from.
What this means for institutionsFor financial institutions, custody is no longer only an operational decision. It is a strategic one that shapes which digital finance services they can offer and how quickly. BCG expects the custody market to consolidate, with scale going to providers that vertically integrate, aggregate networks or embed modular infrastructure.
With more than a decade of experience building financial infrastructure, Ripple is helping institutions navigate this shift. Ripple Custody provides enterprise-grade infrastructure for securely managing digital assets, with governance, policy controls, and flexible deployment options designed to meet institutional requirements. As part of Ripple’s broader capabilities spanning stablecoins, payments, treasury, liquidity and trade execution, custody helps institutions move from holding digital assets to putting them to work.
Ready to go deeper? Read the full BCG report for the complete analysis of how custody is becoming the operating layer beneath digital finance.
XRP’s price recorded a notable breakout from its well-established trading range, marking the eighth time this level has been tested, according to Turkish crypto analyst Celal Kucucker. The recent movement places renewed attention on the $1.29 to $1.55 corridor, a zone that XRP bulls are targeting on both the 4-hour and daily timeframes.
Analysts highlight key levelsDespite the positive price action, significant investors commonly referred to as crypto whales, have refrained from increasing their XRP holdings during this surge. Kucucker stated that XRP once again bounced from the $1.27 support this week, reflecting a pattern seen in past trading sessions.
This pattern aligns with an earlier forecast issued by Bitrue’s Research Institute, which identified the $1.28 to $1.32 zone as a major demand area capable of triggering a price rebound following XRP’s pullback since October began.
TradingView’s cumulative volume delta (CVD) data reveals a shift toward negative momentum, with readings declining to nearly -1.18 billion, suggesting the possibility of a broader trend reversal in coming sessions.
SoSoValue, a digital asset analytics platform, reported a 5.5% gain for XRP in the past 24 hours. The token currently trades near $1.377, facing limited resistance until a stronger confluence zone at $1.67 to $1.71, as indicated by daily candlestick patterns. Analysts also point to the SuperTrend price, which targets $2.30 as the next significant bullish threshold for XRP.
Short-term dynamics and whale activityShort-term charts identify the $1.48 to $1.55 region as an important resistance range that may determine XRP’s monthly outlook. Despite an uptick in price following Wednesday’s market recovery, crypto whales have not taken advantage of what some may consider discount buying opportunities, as highlighted by flat readings in the Chaikin Money Flow (CMF) indicator on lower timeframes.
The lack of substantial whale accumulation suggests a cautious approach among large holders even as XRP’s price tests higher levels amid broader market volatility.
XRP ledger adoption in AI-powered paymentsXRP’s distributed ledger technology secured a new use case in the artificial intelligence-driven payment sector this week. Yellow, an AI-focused settlement protocol specializing in agentic commerce, introduced a zero-gas execution layer for AI agents, enabling transactions settled in XRP. The integration aims to facilitate rapid and efficient payments within the expanding agentic economy.
Mini dictionary: Yellow is a settlement infrastructure protocol that leverages AI agents for automated commerce and payment execution across decentralized networks. Its recent integration with XRP aims to enable low-fee and fast settlements for AI-driven transactions in financial and supply chain applications.
This development establishes a new framework for open, non-custodial, cross-chain commerce involving AI-powered agents. Ripple President Monica Long has projected a significant increase in agentic payments on the XRP ledger, expecting the number of transactions could reach 100 million annually. Long also estimated the value of real-world assets (RWAs) tied to the agentic economy could multiply by a factor of five to hit $30 billion.
Monica Long emphasized that the combination of XRP settlement and AI-driven commerce has the potential to create a scalable, cross-chain ecosystem for non-custodial transactions, potentially driving substantial growth in network activity and real-world asset value.
The XRP Ledger is preparing to activate the fixCleanup3_4_0 amendment around 09:34 UTC on October 23, 2026. This package, introduced in xrpld version 3.4.0 and released on September 17, bundles a series of amendment-gated corrections.
It currently holds the minimum validator support required for activation and is nine days into its mandatory two-week confirmation window.
Under the ledger’s amendment process, a proposed change must receive more than 80 percent support from trusted validators—typically 29 of approximately 35 nodes—and maintain that level continuously for 14 days. fixCleanup3_4_0 reached majority on October 9 and sits at exactly 29 votes as of mid-October.
The absence of surplus support means that the withdrawal of any single validator would restart the countdown.
Server operators must upgrade to compatible software to continue participating in consensus after activation.
Several corrections within the package refine behavior related to the proposed Single Asset Vault and Lending Protocol features.
These include precision and rounding adjustments for vault deposits, withdrawals, and clawbacks so that tracked total assets, available balances, and share supply remain consistent.
The amendment also refines freeze, authorization, credential, and destination handling for vaults and loans.
In the lending logic, checks for arrears, impairment, and default now require that a loan’s due date has strictly passed.
Separately, the package closes a gap involving the PaymentBurn granular permission: an account authorized only to destroy tokens could previously create new trust-line tokens or multi-purpose tokens under certain conditions.
Additional fixes extend beyond lending.
The asfDisallowIncomingTrustline flag now applies to OfferCreate transactions.
Deleted domain offers are excluded from the permissioned decentralized exchange invariant.
AMMClawback no longer silently recovers zero amounts when multi-purpose token rounding floors a value, and it can bypass owner-reserve checks when auto-creating a paired holding.
Multi-purpose token balance and transfer invariants are now enforced rather than log-only.
Distinct signing hash prefixes prevent a signature created for a counterparty role from being reused as a sponsor signature.
Escrow cancellation and finish operations recycle the owner reserve so that returning issued tokens at the reserve boundary no longer fails.
Activation of these corrections does not enable the native lending system.
The LendingProtocol, LendingProtocolV1_1, and SingleAssetVault amendments remain below the activation threshold, with recent counts showing roughly 19 votes for the lending amendments and 21 for SingleAssetVault.
None has entered a countdown.
Even if those amendments reached 29 votes immediately, the two-week confirmation period would push the earliest possible activation into early November.
xrpld 3.4.0 also introduced LendingProtocolV1_1, which adds closed-ended vaults with subscription, investment, and redemption phases plus a cash-basis accounting model that recognizes interest only when payments are received.
The cleanup amendment addresses issues in code that is not yet live on mainnet while also hardening several active features. Most holders and traders require no action; only node and validator operators need to ensure their software supports the upcoming rules.
Kalshi has partnered with BitGo to offer Bitcoin and Ethereum-backed loans, allowing eligible institutional traders to fund leveraged perpetual futures positions while retaining ownership of their existing cryptocurrency holdings.
Kalshi and BitGo Introduce Crypto-Backed Futures Loans
The partnership will allow eligible traders to leverage their investment in Kalshi’s perpetual futures contracts with borrowed money. The deal provides for investors to hold onto their cryptocurrencies while lending to take advantage of a leveraged position on the exchange.
Kalshi Katalyst, the lending affiliate of Kalshi Prime, will provide loans under the new arrangement. BitGo Bank & Trust will act as the middleman in a three-party arrangement to keep the staked digital assets.
According to Kalshi Prime CEO Jeff Bandman, eligible collateral includes Bitcoin, Ethereum, and GENIUS Act-compliant stablecoins. The company is planning to add more custody partners as its lending network grows.
The agreement is based on BitGo’s current institutional cryptocurrency custody services. A recent report has reviewed BitGo’s digital asset infrastructure, including their institutional clients and custody operations.
Kalshi Targets Institutional Traders Holding Bitcoin
The service is aimed at investors who want to gain exposure to futures trading without selling their current crypto assets, Bandman said.
“What we wanted to do was make it possible for customers to stay in crypto,” Bandman said.
He identified large Bitcoin holders and Latin American businesses using dollar-backed stablecoins as potential customers.
The executive indicated that another group of target investors are crypto-native traders who are using offshore perpetual futures platforms. Kalshi believes the deal will appeal to people who prefer trading platforms based on the blockchain.
The development comes from Kalshi’s expansion into cryptocurrency perpetual futures, which it has done since earlier this year. In September, Kalshi launched more crypto perpetual futures, such as the BNB, ADA, and AAVE versions.
Kalshi Expands Regulated Futures Trading Services
Kalshi’s perpetual futures unit is run under a trading system regulated by the Commodity Futures Trading Commission. In June, the exchange launched BTC perpetual futures trading, and it has since expanded into metals and other financial contracts.
Perpetual futures are futures contracts with no expiration date, which means that traders can hold positions while satisfying the margin requirements.
Separately, Kalshi Klear requested CFTC approval in September to introduce margin trading for selected prediction-market contracts. The company has applied for regulatory approval of perpetuals based on oil and U.S. equity products.
Two Texas-area names you probably haven’t heard of just did something most big banks are still writing white papers about. Vantage Bank and Rio Bank completed a loan payment between themselves using tokenized deposits on Ethereum.
According to Participate, the platform that handled the deal, the principal and interest landed in the receiving bank’s digital wallet in under three minutes. Loan balances and payment notices updated in the same motion as the money moved.
What actually happened The transaction took place on October 19, 2026. It was framed as the world’s first interbank loan participation or syndication principal-and-interest payment made with tokenized deposits.
In a loan participation, one bank makes a loan and sells slices of it to other banks. When the borrower pays, the lead bank has to pass each participant its share of principal and interest.
The payment ran through two pieces of infrastructure. The first was Participate’s loan-sales platform, which connects banks buying and selling loan interests. The second was the Hazel Network, which Vantage Bank built alongside Custodia Bank.
The settlement itself happened on the Ethereum mainnet. That’s the public blockchain, not a private sandbox or a walled-off test chain.
Custodia’s ERC-20 token, called Avit, was part of the setup. ERC-20 is the standard format for fungible tokens on Ethereum, the same template behind a large share of the tokens issued on that network.
Matt Johnner of Participate described the payment as a practical demonstration of tokenized deposits slotting into workflows banks already run. He positioned it as a key step toward automating interbank loan servicing.
How we got here This didn’t appear out of nowhere. Vantage and Custodia have been testing tokenized deposits since March 2025, which means roughly a year and a half of trial runs before this live payment.
The more recent chapter began in April 2026. That’s when Participate, Vantage Bank and Custodia Bank announced a strategic collaboration to plug Hazel Network capabilities into Participate’s ecosystem.
That ecosystem now includes more than 750 banks. So the rails used here sit on a network that already reaches hundreds of potential counterparties, at least in principle.
A tokenized deposit is a regular bank deposit represented as a token on a blockchain. It remains a claim on the issuing bank, inside the regulated banking system.
Why it matters The headline number is the three minutes, but the more interesting detail is that records updated alongside the payment. In loan servicing, moving cash is only half the job. Someone also has to update balances, send notices and confirm everyone agrees on who owns what. Bundling them into one on-chain event is the efficiency argument for tokenization in a nutshell.
The partners also stressed that the transaction stayed within banking compliance requirements.
For the crypto industry, the choice of Ethereum mainnet stands out. Traditional institutions have often preferred permissioned networks where they control who participates. Running a regulated bank-to-bank payment on a public chain is a vote of confidence in its reliability for this kind of use.
Custodia’s role is notable too. The Wyoming-chartered bank has spent years positioning itself at the intersection of crypto and traditional banking. A live interbank payment using its Avit token gives that positioning a concrete use case rather than a pitch deck.
Wider adoption would require more banks willing to hold tokenized deposits, connect to the Hazel Network and get comfortable with on-chain settlement from a risk and compliance standpoint.
Interoperability is another thing to watch. If other banks build competing tokenized deposit systems, the value of near-instant settlement depends on whether those systems can talk to each other.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Lightning Labs’ CTO warns of eMudhra Certificate Authority (CA) leakage risk, advises users to update relevant clients.
Lightning Labs CTO Olaoluwa Osuntokun published a post stating that due to the impact of the CVE-2026-111943 vulnerability, he strongly recommends all users of lnd, btcd, tapd, and litd either update their binary files or rebuild the software using Go 1.27.3. The CVE-2026-111943 flaw involves a compromised certificate authority, which may affect the security of the relevant software.
10 minutes ago
Glassnode: Bitcoin is in a strong range-bound state, with the market focusing on key catalyst events.
Glassnode released its weekly market report, stating that Bitcoin is constrained within a "trading range" of $80,000 to $87,000. Daily closes once rose above roughly $87,500, and recent ETF inflows paired with expanding trading volume show demand is absorbing supply at the upper end of the range. If Bitcoin breaks below $80,000, both ETF holders and average treasury investors will enter losses, potentially dragging the price down toward the True Market Mean. Below the range, buyers have re-accumulated positions near $80,000 based on ETF and Treasury cost bases (though at a smaller scale than the peak). Above the range, the cost basis for buyers who entered positions 6 to 12 months ago is around $86,700, paired with order book sell walls and liquidation clusters at roughly $85,000 and $87,000. A breakout from this range could accelerate, but will encounter selling pressure. Glassnode noted that investors should focus on upcoming key catalysts, including the Federal Reserve’s October 28 interest rate decision, rising oil prices and yields, and a rebound in inflation expectations. Separately, MSCI will publish its index adjustment list on November 11 (effective November 30), with potential removals of stocks such as Strategy, which could impact related equities and Bitcoin buying demand.
10 minutes ago
Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
10 minutes ago
Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
10 minutes ago
Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
10 minutes ago
Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.
Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others.
Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.
XRP and DOGE stand out in Santiment's latest MVRV data, as both assets show losses among recent buyers rather than large profits.
The crypto market is back in the green on Wednesday, as several major assets have posted gains.
According to Santiment, XRP and Dogecoin are showing potential buying opportunities.
Historically Favorable Zones The latest 365-day Market Value to Realized Value (MVRV) data puts DOGE at around 0.74, which suggests that holders who bought over the past year are sitting on significant unrealized losses. XRP is also in negative territory, as its MVRV hovers near 0.92. Santiment explained that both assets are in historically more favorable, lower-risk zones compared with periods when holders hold large profits.
Bitcoin, Ethereum, and Chainlink, however, tell a different story. The 365-day MVRV readings of these three tokens range from 0.97 to 1.04, which places average holders close to breakeven.
This points to a more neutral market position for the three assets. MVRV helps traders assess whether investors are sitting on profits or losses. High readings can indicate rising profit-taking risk, while low readings mean selling pressure is nearing exhaustion. However, these signals do not guarantee a price rebound.
Macro Headwinds Despite the recent uptick, Bitcoin and the wider crypto market continue to face growing pressure from geopolitical tensions and interest-rate uncertainty. According to Bitunix, the standoff between Washington and Tehran has added fresh uncertainty over oil supplies, with the US midterm elections set for November 3.
Higher oil prices could keep inflation elevated and give the Federal Reserve less room to ease monetary policy. While economists expect rates to hold at 3.75%-4.00% at the October meeting, all 100 respondents in a Reuters poll expect another hike in December.
You may also like: What Falling USDT Supply Means for Bitcoin’s Price Recovery BlackRock Enters the Buffered Bitcoin ETF Race With New SEC Filing JPMorgan Expects Bitcoin to Beat Stocks and Gold: But There’s a Catch Markets are also showing mixed signals. The S&P 500 remains relatively close to its record high, but the Philadelphia Semiconductor Index has dropped around 14% since October 6. For the crypto market, Bitunix said that the key test is whether energy costs, interest-rate expectations, and AI investment risks begin deteriorating at the same time.
“If they do, markets may need to reprice growth expectations, financing costs, and capital allocation, increasing the potential for volatility across risk assets.”
Dogecoin Labs has launched with three DOGE product teams under one organization, bringing MyDoge, DogeOS, and Such App together through a partnership with the Dogecoin Foundation.
Summary
House of Doge will exchange selected operations and assets for an equity stake in Labs.
The Foundation keeps its stewardship role as Labs becomes its official commercial partner.
DogeOS remains on public testnet, with no mainnet date supplied in the launch announcements.
Such App’s beta supports merchant payments, while its integration with DogeOS remains planned.
DogeOS announced the formation on Oct. 21, naming MyDoge and DogeOS founder Jordan Jefferson as CEO and describing Labs as an independent organization. The announcement says Labs will own and operate the three products, with technology, intellectual property, and development staff contributed by the Foundation and House of Doge.
House of Doge’s separate announcement sets out the planned exchange. The Nasdaq-listed company said it signed definitive agreements to contribute selected products, engineering and commercial operations and related assets for an equity stake in Labs. Its forward-looking disclosures list closing conditions, transaction completion and asset transfers among matters still subject to risk.
Dogecoin Labs becomes the commercial partner
House of Doge said the Foundation has designated Labs as its official commercial partner, replacing the structure in which House of Doge held an exclusive commercial agreement. Its own relationship with the Foundation will continue through a long-term license.
The company said Tim Stebbing will move from its board to Labs. Unchained identified Stebbing as a director of both the Foundation and the new organization, alongside Jefferson’s role as chief executive.
The Foundation will keep its stewardship, advocacy, community work and support for open-source development, according to the launch announcement. Jefferson’s company will handle products and commercial activity across payments, wallets, trading, gaming and other applications.
House of Doge CEO Marco Margiotta said the arrangement would free resources for alternative investment products and the company’s sports investments. He described the expected benefit to shareholders as:
“Through our strategic equity stake, House of Doge shareholders benefit from what Dogecoin Labs builds,” Margiotta said.
DogeOS remains on public testnet
DogeOS opened its public testnet for developers on Sep. 30, as previously reported by crypto.news, giving developers an Ethereum Virtual Machine-compatible environment for Dogecoin applications. The network’s announcement describes a place to develop products ahead of mainnet, with availability dependent on each participating team’s schedule.
The application lineup in that announcement includes Barkswap’s liquidity engine, Superposition Finance’s lending protocol and the Derps perpetual exchange. DogeOS named Split Markets for options, USDoge for a collateralized stablecoin, and Snag for prediction-market aggregation.
DogeOS said Ethereum-compatible developers could use familiar tools, while its planned additions included more developer resources and integrations. Games and consumer projects named in the launch included Doge Escape, PlaysOut and DogeFundMe.
Jefferson told The Block during the September launch that network validation and developer work were the immediate priorities, with a mainnet timeline to follow later development milestones. Unchained reported that neither October announcement supplied a mainnet date.
The September reporting described a security model involving validator signatures, valid proofs, and a trusted execution environment. DogeOS’s separate technical proposal sought native zero-knowledge proof verification in Dogecoin Core; the September account said the proposed change had not been implemented.
The technical proposal identifies the change as OP_CHECKZKP and says it would support multiple cryptographic proof types. DogeOS described a separate virtual machine under development that would settle to Dogecoin, with the proposed upgrade enabling interoperability between the networks.
MyDoge brings users while Such supplies merchant tools
MyDoge reports more than 500,000 users and recently rolled out its V3 wallet update, according to the launch statement. The company says the update connects its consumer app with applications being built on DogeOS.
Such App supplies the merchant side of the plan. The Block reported that its tools include invoicing and in-person QR payments, while Unchained described the product as a beta with DogeOS integration still planned.
House of Doge had outlined the Such payment app in January, describing a self-custodial wallet and tools for independent sellers. Its proposed “Hustles” feature would let service providers, artists and contractors list their work and accept DOGE directly from customers.
The January account said development began in March 2025 with a 20-person Melbourne team, using open-source Foundation technology. Stebbing said the intention was to make accepting Dogecoin easier for people running small or side businesses.
Earlier financing and US fund relationships remain separate
DogeOS announced $6.9 million in Polychain Capital-led funding in May 2025. The funding account listed platform development, developer tools and partnerships as planned uses, alongside applications in gaming, artificial intelligence and decentralized finance.
The financing belongs to DogeOS’s earlier development history. Unchained’s launch reporting supplied no valuation for Labs or percentage ownership for House of Doge’s new holding.
House of Doge said its replacement license preserves its collaboration with 21Shares on the Nasdaq-listed Dogecoin ETF, trading as TDOG, and the 2x Long Dogecoin ETF, trading as TXXD. The company said the rights cover a Dogecoin exchange-traded product listed on Switzerland’s SIX exchange and future tokenized alternative investment products.
Dogecoin [DOGE] has entered a potential favorable accumulation zone after its 365-day MVRV ratio declined to 0.74, at press time, suggesting considerable unrealized losses among holders. As per Santiment, recent DOGE investors held assets worth roughly 26% less than the average acquisition cost.
The depressed MVRV levels have historically offered more supportive accumulation conditions compared to periods of substantial unrealized profits. Interestingly, Dogecoin stood out among major crypto assets, with its MVRV falling substantially below the neutral range.
However, the metric was yet to offer a confirmation of an immediate price rebound, especially as the memecoin continued struggling around $0.0800.
Source: X
Dogecoin derivatives surge as bulls take positions
Even with DOGE’s recent weakness, the derivatives activity, on the other hand, expanded significantly as traders increased their exposure.
Notably, DOGE’s trading volume climbed 35.81% to $917.30 million, while its Open Interest (OI) moderately surged 2.86% to $1.22 billion, at reporting time. The overall 24-hour Long/Short Ratio meanwhile reached 1.0309, reflecting relatively balanced market positioning.
Exchange-specific figures, however, revealed stronger bullish positioning among the market participants. To be specific, Binance’s account-based Long/Short Ratio stood at 2.5881, while OKX registered a higher reading of 3.21. Additionally, Binance’s top trader account ratio was at 3.5167, while their position-based ratio stood at 3.0247 at reporting time.
These figures therefore implied a substantial long exposure among the leading traders, despite DOGE being unable to establish a convincing price recovery. It is also worth noting that the rising OI increased the market’s exposure to a potential liquidation-driven volatility.
Source: DOGE Derivatives Data on CoinGlass
Spot overheating raises concerns over DOGE’s recovery
While the derivatives participants favored a bullish bias, DOGE’s spot market presented a less encouraging outlook. In particular, the Spot Volume Bubble Map flashed overheating conditions, which suggested unusually elevated trading activity.
The increased activity however did not necessarily imply stronger demand, especially given the prevailing selling conditions. In fact, the Spot Taker CVD remained seller-dominant, highlighting persistent aggressive selling across the observed period.
These conditions highlighted a notable divergence between bullish derivatives positioning and the spot trading behavior. Even though DOGE’s depressed MVRV suggested favorable accumulation conditions, the spot sellers on the contrary, continued challenging its recovery attempts.
The overheated trading activity alongside the persistent taker selling raised concerns about the sustainability of any near-term price recovery.
Source: Doge Spot Taker CVD on CoinGlass
Is DOGE approaching a bullish reversal?
Dogecoin’s daily chart structure highlighted a prolonged bearish trend, with successive lower highs pushing the price toward the critical $0.0800 support region.
Following its correction from the September highs at $0.1000 region, DOGE struggled to establish a meaningful rebound. Even though the recent candles implied an ongoing stabilization.
Notably, the MACD histogram showed signs of shrinking at -0.00051, implying that the bearish pressure was gradually weakening. The MACD line, however, remained below its signal line, indicating that the bears were still in control.
Despite the broader technical weakness, the memecoin held above its key support, keeping the possibility of a short-term price rebound alive.
However, a decisive breakdown below the $0.0800 support would invalidate the immediate recovery outlook and in turn increase the risk of further declines.
Source: DOGE/USDT on TradingView
Final Summary
DOGE’s MVRV dropped to 0.74, highlighting potential accumulation opportunities despite continued price weakness.
DOGE defended $0.0800 as bearish pressure eased, but spot sellers continued limiting recovery prospects.
The Cardano Foundation has called on European Union regulators to apply existing financial legislation to decentralized finance (DeFi) and staking activities, cautioning against the creation of new, separate regulations specifically targeting blockchain-based technologies.
Foundation appeals for function-based regulationIn a recent blog post summarizing its 19-page submission to the European Commission, the foundation emphasized that legal frameworks should address financial activities based on their economic substance and risk profiles, rather than focusing on the underlying technology. The foundation represents the Cardano blockchain community and supports the development and adoption of the Cardano network.
The Cardano Foundation drew a clear distinction between users’ direct participation in decentralized networks and financial services offered by intermediaries, especially those that involve the custody or control of client assets.
Regulation should follow the substance of an activity, the functions performed, and the risks created, not the technology through which it is conducted.
Cardano users can delegate their ADA tokens to help secure the network without relinquishing custody or locking their tokens, the foundation explained. It argued that this form of staking differs fundamentally from intermediary-run staking services, where third parties control user assets, and should be regulated accordingly.
The call for clarity followed the foundation’s submission to European authorities dated September 30. The document requested that authorities distinguish between direct, noncustodial participation in decentralized networks and intermediary-run financial services.
EU regulators weigh new crypto oversightRegulatory discussions are underway in Europe as the European Securities and Markets Authority (ESMA) considers expanding oversight in the digital assets sector. In September, ESMA recommended stronger safeguards for activities such as staking, lending, and borrowing, and suggested establishing a new regulated service category for companies facilitating access to DeFi protocols.
The Cardano Foundation’s submission also urged European regulators to clearly separate requirements under the existing Markets in Crypto Assets Regulation (MiCA) from broader financial laws, warning that ambiguous regulations and conflicting approaches across EU member nations could generate uncertainty for cryptocurrency companies.
MiCA is set to become the main framework for crypto market oversight in Europe, aiming to harmonize policy across EU states, yet industry organizations have raised concerns about potential overlaps and compliance burdens.
Broader push for global clarityBeyond Europe, the Cardano Foundation has advocated for more regulatory certainty in other major markets. On October 20, it joined five other blockchain industry groups in an open letter to the US Securities and Exchange Commission. The organizations urged the SEC to formally categorize digital commodities as non-securities as part of the agency’s proposed rules for crypto assets.
The call for clarity follows growing debate among US regulators, including differing views between the SEC and the Commodity Futures Trading Commission (CFTC), on how to classify and regulate digital assets.
Mini dictionary: Cardano Foundation, an independent non-profit organization dedicated to promoting and standardizing the Cardano blockchain network.
Uncertainty regarding overlapping requirements and inconsistent interpretations of MiCA across member states could create challenges for crypto businesses operating within the EU.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Lightning Labs’ CTO warns of eMudhra Certificate Authority (CA) leakage risk, advises users to update relevant clients.
Lightning Labs CTO Olaoluwa Osuntokun published a post stating that due to the impact of the CVE-2026-111943 vulnerability, he strongly recommends all users of lnd, btcd, tapd, and litd either update their binary files or rebuild the software using Go 1.27.3. The CVE-2026-111943 flaw involves a compromised certificate authority, which may affect the security of the relevant software.
9 minutes ago
Glassnode: Bitcoin is in a strong range-bound state, with the market focusing on key catalyst events.
Glassnode released its weekly market report, stating that Bitcoin is constrained within a "trading range" of $80,000 to $87,000. Daily closes once rose above roughly $87,500, and recent ETF inflows paired with expanding trading volume show demand is absorbing supply at the upper end of the range. If Bitcoin breaks below $80,000, both ETF holders and average treasury investors will enter losses, potentially dragging the price down toward the True Market Mean. Below the range, buyers have re-accumulated positions near $80,000 based on ETF and Treasury cost bases (though at a smaller scale than the peak). Above the range, the cost basis for buyers who entered positions 6 to 12 months ago is around $86,700, paired with order book sell walls and liquidation clusters at roughly $85,000 and $87,000. A breakout from this range could accelerate, but will encounter selling pressure. Glassnode noted that investors should focus on upcoming key catalysts, including the Federal Reserve’s October 28 interest rate decision, rising oil prices and yields, and a rebound in inflation expectations. Separately, MSCI will publish its index adjustment list on November 11 (effective November 30), with potential removals of stocks such as Strategy, which could impact related equities and Bitcoin buying demand.
9 minutes ago
Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
9 minutes ago
Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
9 minutes ago
Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
9 minutes ago
Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.
Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others.
Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.
Tether has led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, to support the company’s expansion across Latin America.
In a Wednesday announcement, Tether said the investment will help Peso expand its stablecoin payment infrastructure across Bolivia, Brazil, Colombia and Argentina, including services that connect USDT with local currencies through banking and merchant payment systems.
Peso has integrated USDT payments into Yango’s food delivery service in Bolivia, allowing customers to pay for orders using the stablecoin. The fintech offers QR payments, point-of-sale services for merchants and virtual accounts linked to Bolivia’s banking system through ACH transfers. Tether did not disclose the size of its investment.
Source: Tether
The investment comes as other fintech companies expand USDT-based financial services in Bolivia. On Tuesday, lending platform Tala announced a partnership with El Dorado to offer credit directly through the digital wallet, allowing eligible customers to receive and repay loans in USDT on the Tempo blockchain.
Bolivia turns to stablecoins amid US dollar shortageBolivia has increasingly turned to stablecoins since 2025 amid a prolonged US dollar shortage and high inflation, with businesses beginning to accept USDT for purchases as access to foreign currency became more difficult.
In November 2025, the government announced plans to integrate cryptocurrencies and stablecoins into the financial system, including allowing banks to offer digital asset custody and crypto-linked financial products.
The government subsequently began considering a regulatory framework in July 2026 that would recognize USDT for payments, savings and trade alongside the boliviano and US dollar.
The proposal came as Bolivia struggled with a prolonged dollar shortage after abandoning its longstanding currency peg in June, fueling demand for dollar-denominated alternatives such as USDT, as Cointelegraph reported in July.
Magazine: Agents can trade 24/7 — but Yat Siu warns you could lose access at any time
Tether has led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, to support the company’s expansion across Latin America.
In a Wednesday announcement, Tether said the investment will help Peso expand its stablecoin payment infrastructure across Bolivia, Brazil, Colombia and Argentina, including services that connect USDT with local currencies through banking and merchant payment systems.
Peso has integrated USDT payments into Yango’s food delivery service in Bolivia, allowing customers to pay for orders using the stablecoin. The fintech offers QR payments, point-of-sale services for merchants and virtual accounts linked to Bolivia’s banking system through ACH transfers. Tether did not disclose the size of its investment.
Source: Tether
The investment comes as other fintech companies expand USDT-based financial services in Bolivia. On Tuesday, lending platform Tala announced a partnership with El Dorado to offer credit directly through the digital wallet, allowing eligible customers to receive and repay loans in USDT on the Tempo blockchain.
Bolivia turns to stablecoins amid US dollar shortageBolivia has increasingly turned to stablecoins since 2025 amid a prolonged US dollar shortage and high inflation, with businesses beginning to accept USDT for purchases as access to foreign currency became more difficult.
In November 2025, the government announced plans to integrate cryptocurrencies and stablecoins into the financial system, including allowing banks to offer digital asset custody and crypto-linked financial products.
The government subsequently began considering a regulatory framework in July 2026 that would recognize USDT for payments, savings and trade alongside the boliviano and US dollar.
The proposal came as Bolivia struggled with a prolonged dollar shortage after abandoning its longstanding currency peg in June, fueling demand for dollar-denominated alternatives such as USDT, as Cointelegraph reported in July.
Magazine: Agents can trade 24/7 — but Yat Siu warns you could lose access at any time
Tether, the company behind the USDT stablecoin, has led a pre-seed funding round for Peso, a Bolivian fintech startup focused on expanding stablecoin payment solutions in Latin America. The investment aims to accelerate Peso’s integration of USDT payments into local financial ecosystems, making stablecoin transactions more accessible to consumers and businesses in the region.
Peso expands USDT payment options in BoliviaTether stated on Wednesday that its investment will support Peso’s efforts to grow its payment infrastructure across Bolivia, Brazil, Colombia, and Argentina. The company seeks to establish new connections between USDT and local currencies through traditional banking networks and merchant payment systems. The size of the investment was not disclosed by Tether.
Peso has already enabled USDT payments within Yango’s food delivery platform in Bolivia. Customers using this service can settle their orders directly in USDT, providing an alternative to local currency payments. The fintech has also rolled out QR payment options, point-of-sale systems for merchants, and virtual accounts integrated with Bolivia’s banking network via ACH transfer methods.
Peso is bringing stablecoin payments to everyday commerce in Bolivia, integrating USDT with local banking and merchant systems so consumers have more payment options.
Tether stated the investment would allow Peso to further enhance the reach of its stablecoin infrastructure while broadening payment, transfer, and merchant services throughout Latin America.
The entrance of Peso into Bolivia’s fintech scene follows similar moves by other companies leveraging USDT. On Tuesday, Tala, a lending platform, announced a collaboration with digital wallet provider El Dorado. This new partnership enables qualified customers in Bolivia to receive and repay loans directly in USDT, utilizing the Tempo blockchain for transactions.
Mini dictionary: Peso is a fintech startup based in Bolivia focusing on stablecoin payments and digital financial services in partnership with local banks and merchants.
Bolivia shifts to stablecoins as dollar shortages persistBolivia has turned to stablecoin adoption as a response to ongoing US dollar shortages and rising inflation that began in 2025. Businesses in the country have begun accepting USDT for purchases, providing alternatives as foreign currency became increasingly difficult to access.
In November 2025, the Bolivian government outlined initiatives to integrate cryptocurrencies and stablecoins into the national financial system. These plans included allowing banks to offer digital asset custody and crypto-linked financial products to retail and institutional clients.
By July 2026, authorities started working on a regulatory framework that would officially recognize USDT as an acceptable payment, savings, and trading option alongside the boliviano and the US dollar.
The shift followed Bolivia’s decision to abandon its long-instituted currency peg in June, deepening the dollar shortage and spurring greater demand for dollar-backed assets like USDT.
With local access to the US dollar under pressure, more Bolivian businesses are embracing stablecoin payments to manage trade and daily transactions.
This regulatory momentum suggests stablecoins may play an increasingly central role in Bolivia’s economic landscape, as both public and private actors respond to currency volatility and financial uncertainty.
Lightning Labs’ CTO warns of eMudhra Certificate Authority (CA) leakage risk, advises users to update relevant clients.
Lightning Labs CTO Olaoluwa Osuntokun published a post stating that due to the impact of the CVE-2026-111943 vulnerability, he strongly recommends all users of lnd, btcd, tapd, and litd either update their binary files or rebuild the software using Go 1.27.3. The CVE-2026-111943 flaw involves a compromised certificate authority, which may affect the security of the relevant software.
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Glassnode: Bitcoin is in a strong range-bound state, with the market focusing on key catalyst events.
Glassnode released its weekly market report, stating that Bitcoin is constrained within a "trading range" of $80,000 to $87,000. Daily closes once rose above roughly $87,500, and recent ETF inflows paired with expanding trading volume show demand is absorbing supply at the upper end of the range. If Bitcoin breaks below $80,000, both ETF holders and average treasury investors will enter losses, potentially dragging the price down toward the True Market Mean. Below the range, buyers have re-accumulated positions near $80,000 based on ETF and Treasury cost bases (though at a smaller scale than the peak). Above the range, the cost basis for buyers who entered positions 6 to 12 months ago is around $86,700, paired with order book sell walls and liquidation clusters at roughly $85,000 and $87,000. A breakout from this range could accelerate, but will encounter selling pressure. Glassnode noted that investors should focus on upcoming key catalysts, including the Federal Reserve’s October 28 interest rate decision, rising oil prices and yields, and a rebound in inflation expectations. Separately, MSCI will publish its index adjustment list on November 11 (effective November 30), with potential removals of stocks such as Strategy, which could impact related equities and Bitcoin buying demand.
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Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
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Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
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Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
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Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.
Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others. Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.
MemeToro has outlined an AI memecoin launchpad on BNB Chain with fixed-price funding and escrow contracts, proposing a different launch process, as Bitquery data shows 79% of nearly nine million Pump.fun tokens traded only on their first day.
Summary
Funding terms would be public before contributions open, including token supply, price, and wallet limits.
The proposed AI agent would publish its reasoning and reject launches without a suitable concept.
Draft escrow rules would allow refunds and prevent finalization while contributors can still withdraw.
The team says MT’s presale has reached Stage 9 at $0.00649, while launch-contract audits remain pending.
Bitquery, the blockchain data provider behind the memecoin trading survival findings, tracked 8,984,141 Pump.fun tokens from Nov. 1, 2025, through Oct. 7, 2026. Only 1.5% recorded any trading during their fifth week, and just 0.2% registered at least 10 trades in that period.
Across other Solana launchpads, the provider recorded launch-day-only trading for 51% of Meteora Dynamic Bonding Curve tokens and 84% of Raydium LaunchLab tokens. Fifth-week trading appeared in 1.9% and 1.3% of those groups, respectively.
Against that backdrop, MemeToro says its planned platform would publish the reasons for creating a token before asking people to fund it. The project also proposes equal-price contributions and contract-controlled funding, although its public documentation describes an unfinished system rather than a tested remedy for short-lived trading.
MemeToro would publish a reason for each token before funding
On its AI agent page, the project describes a system that would examine news, social media and online communities for potential memecoin concepts. The planned output includes the token’s concept, supporting evidence, and the reasoning behind its selection.
According to the developer’s documentation, the agent would also publish the candidates it rejected. When no suitable idea passes its checks, the system is designed to produce no launch proposal.
Before contributions open, the project plans to publish a machine-readable launch manifest containing the proposed supply, funding price, wallet caps, and conditions for proceeding. Its launchpad description says participants would be able to read those terms before deciding whether to contribute.
The public repository describes an early pipeline that collects news and trend signals and turns them into a validated draft manifest. The developer says the repository does not yet contain an autonomous hourly service or a working launch process from start to finish.
For the planned division of responsibilities, the README states:
“the agent proposes; transparent contracts execute.”
Under that design, the AI would choose and explain a concept, while public contracts would enforce the accepted funding rules.
Fixed-price rounds would exclude private allocation tiers
For tokens launched through the proposed platform, MemeToro says every contributor would pay the same funding price. Its launchpad description excludes private allocation tiers and says the published terms would include wallet limits.
In a Sept. 20 report, crypto.news described the project’s first escrow contract release, comprising 1,373 lines of Solidity across 17 files. The release included a funding escrow, an interface for future token creation and liquidity operations, and basic token functions needed for participant claims.
According to that account, the draft allocation rules require contributors and liquidity to account for the full token supply, with any rounding remainder assigned to liquidity. The proposed contract therefore leaves no separate allocation for founders within those launch rounds.
For its own ecosystem token, MT, the project publishes a different distribution. MemeToro’s tokenomics assigns 71% of the stated 1.2 billion supply to the public sale and 2% to the team.
Alongside launchpad development, the team said its MT presale has reached Stage 9 at $0.00649 per token, with a higher price scheduled for the next stage. The tokenomics page describes MT as intended for platform access, launch funding, rewards, staking, and future trading.
Escrow rules would govern refunds and liquidity funding
Within the proposed launch process, contributor money would enter an escrow contract rather than a team-controlled wallet, according to the project’s design. The draft fixes funding settings when a round is created and contains no owner role, administrator function, or upgrade path.
As described in the September release, contributed funds would have two destinations. They could return to participants through refunds or proceed into the planned liquidity process when the required conditions are met.
The developer’s draft also includes an exit window that allows contributors to withdraw before finalization. Under the documented rules, the launch cannot be finalized while that withdrawal right remains available.
For completed rounds, the launchpad page says contracts would seed and lock liquidity on PancakeSwap. The same description limits the equal-price arrangement to the funding round, after which trading would take place at market prices.
To connect published promises with contract behavior, the repository describes a fingerprint of each launch manifest. According to the README, its test suite creates a round from a manifest to check whether the enforced terms match the published conditions.
Launch-contract reviews remain pending
Although MemeToro’s website lists Coinsult, SolidProof and BlockSAFU as auditors of the MT token contract, its disclosures say the launch contracts have not undergone independent audits. The developer labels the escrow an unaudited draft and warns against using the repository to collect or manage real funds.
In the published roadmap, outstanding work includes production token creation, liquidity provision, a formal manifest schema and agent identity integration. The AI agent page continues to display “COMING SOON,” while the README places independent security reviews before production use.
For U.S. buyers, the SEC’s Division of Corporation Finance said in February 2025 that transactions involving the entertainment-focused memecoins described in its statement generally do not involve securities offerings. The staff said buyers of those coins consequently lack federal securities-law protections.
The division excluded products that fall outside its description and said a token’s name does not determine its legal treatment. Its statement has no legal force, and staff said fraudulent conduct involving memecoins may still face enforcement or prosecution under other federal or state laws.
According to BIT (bit.com) market data, U.S. stocks closed higher: the Dow Jones Industrial Average rose approximately 0.69%, the S&P 500 gained around 0.58%, and the Nasdaq increased by about 1.05%. The CBOE Volatility Index (VIX) closed down roughly 3.64% to 16.68. Most optical communication concept stocks closed higher: Credo (CRDO) rose around 6.3%, Ciena (CIEN) gained about 5.7%, Lumentum (LITE) increased by roughly 3.4%, Coherent (COHR) was up approximately 2.5%, and Applied Optoelectronics (AAOI) rose around 0.8%. Semiconductor stocks closed higher: AMD gained about 3.4%, ASML (ASML) rose approximately 2.8%, NVIDIA (NVDA) increased by roughly 2.5%, Arm was up around 2.5%, Micron (MU) rose about 2.0%, Marvell (MRVL) gained approximately 1.8%, TSMC (TSM) increased by roughly 1.6%, Intel (INTC) rose around 1.4%, and Broadcom (AVGO) was up about 1.0%. Storage stocks closed higher: Western Digital (WDC) rose approximately 3.9%, Seagate (STX) gained around 3.2%, SK Hynix (SKHY) increased by roughly 2.5%, and SanDisk (SNDK) rose about 0.9%. Crypto-related concept stocks strengthened: BNB Standard (BNC) jumped over 11%, Strategy (MSTR) rose around 7.5%, Bitmine (BMNR) gained approximately 5.0%, Circle (CRCL) increased by roughly 4.5%, MARA was up about 4.1%, Robinhood (HOOD) rose around 3.8%, and Coinbase (COIN) gained approximately 3.6%. Among large tech stocks: Tesla (TSLA) rose around 3.4%, Apple (AAPL) gained about 1.3%; Alphabet (GOOGL) fell roughly 1.6%, while SpaceX (SPCX) jumped 7.79%.
A coalition of major blockchain projects, including Cardano (ADA), Chainlink (LINK), HBAR, Stellar (XLM), Aptos (APT), and Avalanche (AVAX), has formally requested the US Securities and Exchange Commission (SEC) to place its digital commodity definition into firm regulatory text rather than leaving it within a policy preamble.
Coalition Pushes for Clear Regulatory LanguageThe group—represented by the Cardano Foundation, Chainlink Labs, HBAR Foundation, Stellar Development Foundation, Aptos Labs, and Ava Labs—submitted a joint comment to the SEC as part of the ongoing public feedback period for the Regulation Crypto Assets proposal.
These organizations are pressing the SEC to make the non-security status of digital commodities part of the core operative rule, arguing that such clarity would provide industry participants with stable guidelines in the United States. By moving beyond interpretive commentary, the coalition seeks to ensure that future regulatory changes do not undermine current guidance.
Chainlink’s policy head, Taylor Barr, emphasized that builders need lasting certainty in order to make long-term decisions and investments in the US.
Placing the definition of a digital commodity and its treatment as non-security directly in the rule, rather than only in explanatory notes, would anchor this understanding in regulation.
The letter also advocates a presumption that secondary-market transactions involving previously identified digital commodities should not count as investment contracts, aiming to further support responsible innovation and secondary trading activity.
Broader Implications and Market ResponseThe joint effort reflects increasing coordination among high-profile layer-1 and infrastructure projects on policy matters. The coalition’s focus remains on solidifying existing guidance rather than pushing for entirely new frameworks, seeking durable clarity from regulators.
It is still uncertain whether the SEC will accept the coalition’s recommendations and integrate the proposed language into the final rule. Any decision will unfold within the broader US regulatory architecture, where other agencies such as the Commodity Futures Trading Commission (CFTC) also share oversight responsibilities.
On the technical front, Bitcoin (BTC) recovered to trade above $83,000 after previously testing support near $81,000. Despite this rebound, investor sentiment remains cautious in light of volatile price action throughout October. Sustained upward momentum will likely require a decisive move above resistance levels and clearer signals from institutional flows.
Price recovery in leading digital assets has offered some short-term relief, but traders are wary of further regulatory developments and ongoing market uncertainty.
Tracking technical signals has become increasingly important as both regulations and viral trends shape sector dynamics. In the meme token space, internet fads can attract substantial capital in a short time frame. For example, Fomo App reported that a trade in “Niu Lai” converted an initial $99 into nearly $370,000. Monitoring not just prices but also timing and token selection proves vital in this fast-moving segment. Fomo App provides a platform that unites token discovery and trading, complete with social feeds, investor rankings, and trade alerts for those keen to follow meme token momentum and investor moves.
While industry participants await regulatory clarity, attention also remains fixed on market trends and technical patterns as a guide for short-term tactics.
Groups representing Cardano, Chainlink, HBAR, Stellar, Aptos, and Avalanche stress that codifying existing digital commodity guidance would reduce regulatory uncertainty and support continued blockchain development in the US.
Six prominent blockchain organizations have called on the US Securities and Exchange Commission (SEC) to clearly define digital commodities as non-securities. Their joint request also pressed regulators to clarify rules regarding staking services and secondary trading of digital assets.
Blockchain networks seek regulatory clarityThe request was outlined in a letter signed by Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs, and the Stellar Development Foundation. These organizations each play a key role in the development and governance of leading blockchain networks, driving advancements in decentralized finance and digital asset infrastructure.
The six groups urged the SEC to formally adopt ‘digital commodity’ classification as a core part of its proposed Regulation Crypto Assets framework, instead of only offering interpretive guidance. Citing market uncertainty, they argued that clear guidelines are necessary to help developers and participants determine whether securities laws apply to their projects.
The organizations stated that the absence of explicit classification forces developers and market participants to guess whether securities regulations will apply, exposing them to unnecessary legal and market uncertainty.
Specifically, the letter emphasized the need for unambiguous policy so that innovation can develop within a straightforward legal landscape. The request follows the conclusion of the SEC’s recent comment period on crypto asset regulations.
Staking, trading rules among main demandsBeyond asset classification, the letter also asked the SEC to clarify how securities laws impact activities such as staking and secondary-market trading. The groups seek regulatory certainty for processes like protocol staking and the use of staking receipt tokens, which are pivotal for many decentralized networks.
Previously, in a joint document issued with the Commodity Futures Trading Commission (CFTC), the SEC had assigned crypto assets to five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. The blockchain groups are now advocating for those distinctions to be embedded into legal frameworks to avoid confusion across the industry.
Mini dictionary: Staking is a process on proof-of-stake blockchains where users lock up digital assets to help secure the network and earn rewards. Staking receipt tokens represent staked assets and can sometimes be used in other decentralized finance applications, raising regulatory considerations for their legal treatment.
Responses from Wall Street and policy groupsThe SEC’s draft regulatory framework, published in August, generated over 100 responses from industry stakeholders. Crypto companies, trade organizations, and major financial institutions all weighed in with their perspectives on the proposal’s exemptions and requirements.
The plan includes an exemption for token offerings, with start-up projects eligible for up to $5 million in unregistered offerings, and a broader fundraising exemption covering up to $75 million within a one-year period. The Hyperliquid Policy Center expressed support for the proposal but recommended the SEC adjust its treatment of airdrops, arguing that distributing tokens for free should not constitute a securities transaction.
Exemption TypeAmountPeriodStartup Exemption$5 millionPer offeringFundraising Exemption$75 million12 monthsOther groups also responded with critical feedback. The Alternative Investment Management Association requested clearer language around investors’ rights, while the Securities Industry and Financial Markets Association highlighted a new five-year “innovation exemption” that permits onchain trading of tokenized stocks.
UK’s FCA advances DeFi industry consultationsMeanwhile, the UK’s Financial Conduct Authority (FCA) opened two new consultations focused on decentralized finance (DeFi) regulatory guidance. The first, GC26/7, targets operational resilience, anti-money laundering compliance, and financial crime prevention among regulated firms using DeFi systems. The second, CP26/36, examines recent legislative changes that affect the regulatory boundary of crypto assets.
According to the FCA, the consultations are intended to clarify—not create—policy, and both are open until November 18, 2026. The FCA plans to issue final guidance in January 2027.
The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 is scheduled to take full effect on October 25, 2027. Firms are able to begin applications on September 30, 2026, with a filing deadline set for February 28, 2027.
Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
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Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
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Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
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Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.
Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others. Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.
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Hong Kong stocks extend their losing streak, with the Hang Seng Index falling below the 23,000-point threshold. Zhipu AI’s shares plunge over 9%, leading declines in the AI sector.
According to Bitget market data, Hong Kong stocks have extended losses since opening today. The Hang Seng Index fell 2.7% intraday, breaking below the 23,000-point mark; the Hang Seng Tech Index dropped 4.38%, with the artificial intelligence sector slumping—Days Innovations and Zhipu AI both fell more than 9%.
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South Korea's Financial Services Commission Chairman: Virtual asset taxation needs to fully consider multiple factors, and the relevant bill has entered the final negotiation phase.
According to Yonhap News Agency, South Korea's Financial Services Commission Chairman Lee Eoguen told the National Assembly's Administrative Committee during a comprehensive audit that "various factors need to be fully considered" regarding virtual asset taxation set to take effect next year. People Power Party lawmaker Song Eon-seok on the same day questioned whether the tax should be scrapped or delayed, arguing that taxation is being advanced before the nature of digital assets and policy direction are clarified, and that the "Digital Asset Basic Act" should be prioritized for drafting. Lee responded that digital asset-related bills are in the final negotiation stage and will be pushed for discussion as soon as possible. On the taxation front, opinions from all sides are diverse and still being gathered. South Korea's virtual asset tax was introduced in 2020 via an amendment to the Income Tax Act, and has been delayed three times previously. The government is currently proceeding with administrative procedures in line with the January next year implementation schedule, but industry stakeholders and even some ruling party members argue the timing is premature due to unclear standards and insufficient infrastructure.
Zcash developers are advancing a targeted privacy enhancement to shield ZEC swap activity from potential future quantum computing risks. The team behind Zakura, a full-node implementation of the Zcash network, has detailed an approach that assigns a unique incoming viewing key to every publicly exposed address used in cross-chain swaps, particularly those routed through NEAR Intents.
This measure addresses a specific vulnerability that could otherwise allow a powerful quantum adversary to connect multiple payments belonging to the same user.
Under normal conditions, Zcash’s shielded transactions already maintain strong privacy properties against classical computers and even quantum ones in many everyday scenarios.
Payments are encrypted in a way that does not place sensitive key material on the blockchain itself.
However, when a shielded address must be published on another chain—as occurs with refund addresses for failed or partial NEAR Intents swaps, or recipient addresses for inbound swaps—that exposure creates a lasting record.
A sufficiently advanced quantum computer employing Shor’s algorithm could, in theory, recover the shared incoming viewing key associated with that address.
Once obtained, the key would reveal the values and memos of every payment ever received by the same Zcash account, effectively linking them together.
The concern falls under the broader “harvest now, decrypt later” threat model, in which public data collected today might be decrypted years from now if quantum capabilities mature.
Rather than requiring users to spin up entirely new accounts for each swap—an approach that creates practical friction for hardware wallets such as Keystone (limited to a single account index) and Ledger (requiring separate transaction approvals)—the Zakura design keeps the core spending key unchanged.
It only varies the randomness used when deriving the incoming viewing key. Each swap therefore receives its own distinct viewing key and corresponding address.
An attacker who later breaks one published address learns only the payments tied to that specific swap; linking it back to the user’s main account would require inverting a hash-based derivation, which remains infeasible even for a quantum computer.
Spending authority stays centralized with the original account key, so funds remain easily accessible.
To keep wallet recovery efficient as the number of one-time keys grows, the system relies on private information retrieval.
Because NEAR bridge transactions on Zcash use a uniform outgoing viewing key, an index can be built that maps addresses to the relevant transactions.
Restored wallets check compact filters first, then privately query the index without revealing which addresses they control.
Encrypted notes left to the user during outgoing swaps record the derivation index, enabling precise reconstruction. Inbound swaps follow a sequential filter-checking process.
Compatible software wallets built on Zakura’s open-source libraries, including Vizor, are expected to support the feature within weeks, with hardware-wallet firmware updates to follow.
No quantum computer capable of recovering these keys has been demonstrated.
The change is designed as a deployable interim step ahead of longer-term post-quantum work such as the Tachyon project and related network upgrades. By isolating exposure to individual swaps without sacrificing usability, the proposal aims to extend practical privacy for ZEC users who interact with cross-chain services.
In BriefNear Protocol (NEAR): NEAR trades near $5.25 in a healthy consolidation below $6.00, with $5.60 as the key breakout level.Zcash (ZEC): ZEC trades near $1,314 after recovering most of its October losses, with $1,380 as the key resistance.Dogecoin (DOGE): DOGE trades near $0.0825 in a recovery attempt within a larger downtrend, and needs a close above $0.0855 to matter.Ethereum (ETH): ETH trades near $2,482 and looks healthier than most large coins, with $2,550 as the level to confirm the next move higher.Near Protocol (NEAR) back in effective rangeNEAR is trading near $5.25 after a green daily candle that closed above the current range. The coin has been one of the strongest names in the market. It rose from about $1.60 in August to a high near $6.00 in early October, a gain of more than 270%. After that peak, the price pulled back to $4.30 and has since moved sideways between $4.60 and $5.60. This is a healthy pause after such a rapid rise.
NEAR/USDT Chart by TradingViewImportantly, NEAR never lost its 20-day EMA, which sits near $4.80 and has acted as support on every dip. The longer averages are far below the price. The 50 EMA is near $4.20, the 100 EMA near $3.40, and the 200 EMA near $2.75.
All of them point up, and the distance between the price and the averages shows how strong the trend is. RSI sits near 55, down from overbought levels above 80 in late September.
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This means the heat has cooled without a drop in price, which is a good sign for bulls. Volume has also settled after the big spike in September, but the latest green candle came with a visible rise in buying.
The first level to watch is $5.60, the top of the current range. A close above it would open the way to the $6.00 high. A break above $6.00 would put NEAR in price discovery for this cycle. On the downside, $4.80 is the first support, followed by $4.30, the recent low.
A close below $4.30 would show that buyers are losing control and could send the price toward the 50 EMA near $4.20. For now, the trend remains up. NEAR is building a base below the highs, and a breakout above $5.60 could likely start the next leg higher.
Zcash (ZEC) among the recovery leadersZcash is trading near $1,314 after a strong daily candle, recovering most of its October losses. The coin has had a huge run this year, rising from about $480 in August to a peak near $1,700 in late September.
After that high, ZEC fell to a low near $1,050. The drop was sharp, but the price held above the 100-day EMA, which sits near $1,010. That level worked as a safety net, and buyers stepped in right there.
ZEC/USDT Chart by TradingViewThe current bounce is important. ZEC has moved back above the 20 EMA near $1,270 and is now testing the area around $1,320 to $1,350, where sellers appeared in early October. The 50 EMA near $1,190 is now below the price and should act as support on any dip. The long-term picture remains strong.
The 200 EMA is near $790 and rising, far below the current price. All major averages point up, which confirms that the main trend has not changed. RSI is near 55 and turning up from the 40 area. This indicates that momentum is coming back after the pullback. Volume was low during the drop and is rising slightly during the bounce, which supports the move.
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The key resistance is $1,380, followed by $1,500. A close above $1,380 would show that buyers have taken back control and could open the way toward $1,500. A move above $1,700 would set a new high. If the bounce fails, support sits at $1,190 and then $1,050.
A break below $1,050 would put the 100 EMA near $1,010 in play and could weaken the bullish case. For now, ZEC has the upper hand. Price is recovering, momentum is improving, and the trend remains up. A daily close above $1,380 would confirm the next move higher.
Dogecoin (DOGE) low-volume recoveryDOGE is trading near $0.0825 after a green daily candle. The coin rose from about $0.070 in August to a high near $0.106 in September. It then lost ground in October and fell to a low around $0.076. The latest bounce is a first sign that buyers are returning. Price now sits just below a cluster of averages.
DOGE/USDT Chart by TradingViewThe 50 EMA and 100 EMA are close to $0.0855, and the 20 EMA is near $0.088. The 200 EMA is higher, near $0.092, and has capped every rally for months. This area is the main wall for the bounce. RSI is near 45 and turning up from a weak area, which indicates that selling pressure is easing.
Volume has been low during the pullback and during the bounce. That means sellers are not pushing hard, but buyers have not shown real strength either.
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The first level to watch is $0.0855. A daily close above it would put the price back over the 50 and 100 EMAs and could open the way toward $0.088 and then $0.092. A move above the 200 EMA would be the first real change in the long-term trend.
On the downside, $0.080 is the main support, followed by the recent low near $0.076. A close below $0.076 would point to $0.070, where DOGE based in July and August. For now, DOGE is in a recovery attempt inside a larger downtrend. The bounce is real, but it needs a close above $0.0855 to matter.
Ethereum (ETH) stabilizes on supportEthereum is trading near $2,482 after a green daily candle. ETH jumped from about $1,900 in August to a high near $2,800 in September. In October, the price pulled back to $2,320, where it found support and started to recover. That support came from the 100 EMA near $2,360 and the 200 EMA near $2,315. Both lines are rising and sit close together, which makes this a strong base.
ETH/USDT Chart by TradingViewBuyers defended it, and the price bounced right away. Now ETH is testing the 50 EMA near $2,480. This line is the first real barrier. The 20 EMA sits higher, near $2,550, and acts as the next hurdle.
Price has to clear both to show that the bounce has strength. RSI is near 45 and moving up from the 40 area, so momentum is slowly coming back. Volume has been average, with no big spike at the bounce, which means the move still needs more buying to be fully confirmed.
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A daily close above $2,550 would be a strong signal. It would put ETH back above the short-term averages and open the way toward $2,700 and the September high near $2,800. A break above $2,800 would set a new local high.
If the bounce fails at the 50 EMA, support sits at $2,360 and then $2,315. A close below $2,315 would break the base and could send the price toward $2,100. For now, ETH looks healthier than most large coins. The main trend is still up, and the long averages are rising below the price. A close above $2,550 would confirm the next move higher.
