Decibel Trade has introduced Aptos’ Encrypted Mempool on its decentralized trading platform, allowing users to conceal pending order details in an effort to reduce frontrunning and other transaction manipulation risks.
Summary
Decibel Trade has activated Aptos’ Encrypted Mempool, allowing traders to conceal transaction details before execution.
The optional feature encrypts order payloads while keeping sender addresses and gas fees visible.
Validators collectively decrypt orders after block finalization, using the network’s existing security mechanism.
Aptos testing recorded approximately 20 milliseconds of additional latency per block in a 50-node benchmark.
The launch follows the October 12 mainnet activation of Encrypted Mempool under AIP-144.
According to an October 21 announcement from Aptos, the feature is available on an opt-in basis, letting traders encrypt individual transaction payloads before submission while keeping their trades settled onchain.
Decibel Trade enables encrypted orders to reduce MEV exposure
The new feature allows Decibel users to keep the contents of their trading orders private while transactions await inclusion in a block. It is intended to address maximal extractable value (MEV), which can arise when participants use advance knowledge of pending transactions to influence execution.
Encrypted Mempool is now supported on @DecibelTrade, built on @Aptos and incubated by Aptos Labs.
When a trader opts in, the order's payload is encrypted client-side, ordered while encrypted, and decrypted by validators together only after the block is finalized. Sender and gas… pic.twitter.com/iSaX27JlSw
— Aptos Labs (@AptosLabs) October 21, 2026
Under conventional public mempool arrangements, block producers can inspect transaction details before deciding their order. Automated traders may exploit that information by placing transactions ahead of another user’s order or surrounding it with their own trades.
Aptos’ implementation changes which information validators can access during this stage. Traders who select encryption have their transaction payloads concealed before those transactions reach the network.
The encrypted information includes the function being called and its inputs, such as the trading instructions included in the transaction. Sender addresses and gas-fee information remain visible.
Orders are decrypted after the block’s contents have been finalized through consensus, immediately before execution. Transactions remain recorded on the blockchain, preserving the ability to examine their contents after processing.
Encryption is optional for each transaction. Decibel users can continue submitting ordinary transactions without activating the feature.
The Aptos network introduced its encrypted mempool on October 12, making the technology available to supported wallets and applications before Decibel’s October 21 activation.
Aptos uses validator encryption to protect pending transactions
The technical framework behind the feature is described in Aptos Improvement Proposal 144, authored by Aptos Labs cryptographer Rex Fernando.
AIP-144 introduces batch threshold encryption, allowing validators to collectively decrypt transactions after consensus has determined their ordering.
The network generates an encryption key for each epoch, with validators holding separate decryption shares. A single validator cannot independently reveal a pending transaction’s encrypted contents.
Aptos states that decryption requires the same stake-weighted threshold used by its consensus mechanism. The arrangement avoids relying on a separate private transaction relay or external group of key holders.
Aptos described the design in its October 12 technical announcement, explaining that the transaction payload remains hidden during ordering and becomes readable only after finalization.
The system uses a batch process designed to reduce the computation and communication required for decryption. According to the network, a single threshold reconstruction can process an entire block regardless of how many encrypted transactions it contains.
Performance testing against the AptosBFT consensus implementation recorded approximately 20 milliseconds of additional latency per block in a 50-node benchmark.
The original proposal describes support for more than 1,000 transactions per second, although those figures represent technical performance targets and testing rather than Decibel’s observed trading throughput.
Aptos’ TypeScript software development kit supports encrypted submissions from version 7.0.0 onward. Existing Move smart contracts do not require modification to use the network-level capability.
The Petra wallet was the first wallet to make encryption available directly through its transaction signing process.
Decibel expands Aptos trading infrastructure after February launch
Decibel is an onchain trading exchange incubated by Aptos Labs. It launched on mainnet in February 2026, supporting an order-book trading model in which matching and settlement occur through blockchain infrastructure.
Aptos Foundation and Aptos Labs previously committed over $50 million toward trading infrastructure, research and other ecosystem initiatives, including Decibel.
In May, crypto.news reported on Aptos’ encryption plans, when the network was preparing native transaction privacy protections against frontrunning and censorship.
The proposal has since moved from the development stage to mainnet availability, with Decibel now supporting encrypted submissions for its traders.
Independent data from DefiLlama placed Decibel’s total value locked near $29.4 million on October 21, compared with approximately $51 million at the end of February. The measure represents assets deposited in the protocol, not cumulative trading volume.
The encryption framework has defined limitations. Transaction senders and fees remain publicly visible, and the initial design focuses on concealing payloads during block ordering.
AIP-144 identifies transaction simulation as another privacy consideration because simulations performed with unencrypted transaction contents may expose information before the final encrypted submission. The proposal discusses separating simulation and submission endpoints or disabling simulation by default when encryption is enabled.
Meanwhile, Aptos gained 8.83% to trade at $0.834274 at press time, according to crypto.news market data. The cryptocurrency recorded $73.9 million in 24-hour trading volume, with prices ranging between $0.761868 and $0.843564.
The rally brought APT’s weekly gain to 1.84%, while its monthly performance stood at 8.29%. The token remained 73.26% below its price from a year ago.
APT’s market capitalization reached approximately $737.1 million, placing it 92nd among cryptocurrencies. Its circulating supply stood near 883.3 million tokens.
As regulatory efforts regarding cryptocurrencies continue in the US, an organization representing six cryptocurrency projects has launched a joint initiative to clarify the legal status of digital commodities.
Accordingly, Chainlink Labs (link), Hedera (HBAR), Aptos Labs (APT), Ava Labs (AVAX), Stellar Foundation (XLM), and Cardano Foundation (ADA) have requested the U.S. Securities and Exchange Commission (SEC) to explicitly state in its regulations the approach to treating digital commodities separately from securities.
Organizations want the SEC to add a direct definition of digital commodities to its proposed regulation of crypto assets, thereby reducing legal uncertainty in the sector.
Let the Definition of Digital Commodities Be Included in Binding Regulations!
At the heart of the debate is the SEC’s approach to classifying crypto assets, published in March. Six organizations argue that this approach should be incorporated into formal regulatory provisions, rather than merely being included in explanatory texts. The tokens involved include Chainlink, Hedera, Aptos, Avalanche, Stellar, and Cardano.
In their letter, these six companies and foundations argue that the SEC should incorporate the crypto classification criteria it published in March into official rules to reduce regulatory uncertainty.
The basis of the organizations’ request is, in particular, the view that a crypto asset being the subject of an investment contract should not, in itself, transform that asset into a security. The aim here is to clarify that even if a digital commodity is the subject of an investment contract, the asset itself is not a security.
The group also wants the SEC to clearly state that a new rule will not alter existing cryptocurrency classifications or change the scope of oversight or the boundaries between the SEC and the Commodity Futures Trading Commission.
It is not yet clear whether the SEC will accept these requests. Changes to the final regulation could affect the operations of digital asset projects in the US and the regulatory framework of the crypto market.
*This is not investment advice.
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Pendle has opened a market for deJAAA, a token that wraps exposure to Janus Henderson’s AAA-rated collateralized loan obligation strategy. The DeFi yield-trading protocol now lets users carve that exposure into separate principal and yield pieces and trade them on-chain.
What Pendle actually launched
The new market went live on October 21, 2026. It centers on deJAAA, a wrapper for the Janus Henderson Anemoy AAA CLO Fund, better known by its ticker, JAAA.
The market is expected to mature on November 26, 2026.
A CLO is a bundle of corporate loans, sliced into layers that get paid in order of seniority. The AAA layer sits at the front of the line, so it gets paid first and carries the least risk.
JAAA holds that senior slice. deJAAA is a freely transferable wrapper around JAAA shares, built so the asset can move around DeFi while keeping the same underlying economics.
Pendle’s role is to take that wrapper and split it in two. One piece represents the principal. The other represents the yield stream it generates over time.
The numbers behind JAAA
JAAA launched in mid-2025 as a tokenized professional fund domiciled in the British Virgin Islands. It is tokenized by Anemoy Capital SPC (BVI) through Centrifuge.
The fund launched backed by $1 billion in seed capital from the Sky ecosystem.
Its on-chain assets under management currently sit in the range of $580 million to $690 million. Net asset value per token is estimated at approximately $1.05.
Recent floating-rate yields have landed between 3% and 4.5%, based on 7-day APY readings. The fund charges a management fee of 0.50%.
Janus Henderson oversees more than $30 billion in similar AAA CLO strategies and holds total assets under management of around $500 billion.
Where deJAAA fits in DeFi
The Pendle listing is not JAAA’s first appearance in decentralized finance. The fund has already been used on Aave Horizon and Morpho.
On those platforms, governance discussions have centered on how much users should be able to borrow against JAAA. Proposals dated October 15, 2026, suggested raising JAAA’s loan-to-value parameters on Aave Horizon to 87% and 89%.
With deJAAA, holders can trade exposure on secondary markets and use it as collateral, rather than relying only on primary redemptions through the fund itself.
What this means for DeFi and real-world assets
The combination of venues creates layered use cases. A user could hold JAAA exposure, borrow against it on a lending market, and hedge or speculate on its yield through Pendle.
Those risks are real even with a AAA rating. The fund’s yields are floating, so a shift in rates changes what yield buyers actually receive. The wrapper adds another layer of smart contract and structural complexity on top of the underlying fund.
Higher LTV proposals on Aave Horizon cut both ways. More borrowing power makes the asset more useful, but it also leaves less cushion if prices move or redemptions get crowded.
The key things to track over the coming weeks are trading activity in the deJAAA market before its November 26, 2026 maturity, the outcome of the Aave Horizon LTV proposals, and whether JAAA’s on-chain assets climb beyond their current range.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Pendle announced a live market for Centrifuge’s $deJAAA on October 21, 2026, with maturity on November 26, 2026. The market offers fixed-rate and floating-yield trades on a token linked to the Janus Henderson Anemoy AAA CLO Fund. Pendle’s announcement cited more than $30B in Janus Henderson’s AAA CLO strategy. That figure covers the manager’s strategy, not the deposits in this pool.
The market is on Base. Its contract, 0x6c23193128f7907a3570234a6f6f1c2932f1e84b, returned the name “PLP JAAA deRWA 26NOV2026” in a direct RPC reading at Base block 52894248. The reading confirms deployed code and the pool token’s identity. This deployment check does not audit the contracts or verify the fund’s offchain assets.
The note behind the market Centrifuge’s product page describes $deJAAA as a debt product linked to the tokenized fund. It names Open Market Factory Limited as the issuer and classifies the asset as tokenized notes. Pendle’s description names Anemoy Capital SPC Limited as the issuer of the underlying fund, Janus Henderson Investors as its active manager, and Centrifuge as the tokenization provider. The note and the fund occupy different parts of the investment structure.
The fund holds AAA-rated tranches of collateralized loan obligations, backed by pools of senior secured corporate loans. Pendle’s market description says the senior tranche receives payment first and absorbs losses last. Income is floating-rate and accumulates through an increasing net asset value instead of cash distributions. A holder receives that accrued income through the token’s conversion into $USDC.
Centrifuge lists an accreting price mechanism and a minimum investment of 10,000 USD. Its eligibility field specifies non-US persons and entities. These are the published terms on the issuer’s product interface, and the token’s availability on a decentralized exchange does not remove them. The same page describes liquidity as daily through the vault, with trading available around the clock on DEXes.
Centrifuge identifies Chronicle as the oracle provider and Fordefi as wallet infrastructure. Its contract descriptions label the $USDC vault as both the investment and redemption contract and the token’s price oracle. These components handle the operations beneath a holder’s Pendle position, separate from the market that prices principal and yield.
What principal and yield buyers receive Pendle’s protocol documentation describes how it splits a position. A yield-bearing token is wrapped into standardized yield, or SY, then split into principal tokens and yield tokens. PT represents the principal side; YT carries the income side. The new market applies that structure to the existing $deJAAA instrument. It does not issue a new portfolio of loans.
The market page denominates its principal claim in $USDC. It states that a PT represents 1 USDC on Centrifuge at maturity, while a YT receives the yield of 1 USDC on Centrifuge until maturity. The accreting note’s conversion value changes as income accrues. The principal token has a specified maturity claim, giving a buyer a different position from holding the note itself.
According to Pendle’s yield mechanics guide, the fixed return comes from buying PT below its redemption value. The purchase discount becomes the holder’s yield at maturity. A buyer can choose this maturity-dated principal position instead of continuing to hold the full floating-income exposure. The underlying credit still supplies the investment’s cash flows.
An early sale uses the market price. Pendle’s guide says supply and demand can make the realized return higher or lower than the fixed APY shown at entry, including a loss in extreme cases. A holder who sells a principal token before maturity takes the rate buyers will accept when the position is closed, instead of holding it through to its maturity claim.
The YT buyer takes the income exposure. Pendle describes profit as coming from a rise in the token’s resale price or from collected yield exceeding the acquisition cost. In this market, that income originates in a floating-rate CLO strategy. The buyer’s return depends on the price paid for the income and what accrues before the November maturity. Janus Henderson’s overall strategy size is not a measure of that return.
Pendle’s token cheatsheet says YT income is claimable in real time and the token’s price falls to zero at maturity. The yield token gives its holder a finite income window, unlike an ongoing holding of the accreting note. The same documentation says a holder can sell YT at the prevailing market price without a lock or exit penalty.
The pool page also links its deposit and withdrawal routes to Centrifuge’s vault. Pendle says its router chooses between native minting and DEX swaps for entry, and between native withdrawal and DEX swaps for exit. The interface shows a routed swap and a direct vault redemption as separate execution paths.
Liquidity provision adds another position. Pendle’s documentation lists underlying yield, the PT component’s fixed yield, swap fees, and $PENDLE incentives as sources of LP returns. The displayed LP return combines these revenue streams. It measures a different return from the underlying fund’s income or the fixed return on a principal token.
Existing distribution, new rate market Centrifuge had already introduced the transferable token to EVM trading venues. The Pendle listing adds a venue for separating and pricing its income. Pendle also distinguishes permissionless contract creation from inclusion in its official interface, where markets undergo a review process. Readers can check this listing through the public pool page and deployed contract, independently of the interview promoted alongside the announcement.
Pendle’s announcement mentions using composable positions as collateral, but it identifies no lending market accepting this specific PT and publishes no collateral parameters for it. The live market matures on November 26, 2026.
OpenSea was there at the beginning. Founded in 2017, before most people knew what an NFT was, it became the marketplace where the world discovered digital ownership. At its peak in January 2022, it facilitated over $5 billion in a single month of trading volume. CryptoPunks, Bored Apes, Art Blocks: they all changed hands on OpenSea.
Then came the NFT bear market, Blur’s aggressive zero-fee campaign, Magic Eden’s rise on Solana, and a Wells notice from the SEC in August 2024. By early 2025, OpenSea’s market share had fallen from 90% to approximately 33%, and its critics were asking whether the original NFT marketplace had been permanently dethroned.
The answer, as of 2026, is no, but OpenSea is a fundamentally different platform than the one that dominated 2021. OS2, its complete ground-up rebuild launched in February 2025, transformed it from an NFT-only marketplace into a multi-chain digital asset hub trading both NFTs and fungible tokens. Marketplace fees dropped from 2.5% to 0.5% with OS2 and have been 1% on NFT sales since September 2025. The SEC closed its investigation in February 2025 without enforcement action. And with over 467,000 monthly active users by May 2025, its highest since mid-2023, and $2.6 billion in October 2025 trading volume, OpenSea has staged one of the most significant product comebacks in Web3. In 2026, it postponed the launch of its SEA token without a new date and, on October 20, opened its cross-chain mobile app to all users.
This review covers OpenSea’s features, fees, supported chains, security, OS2, the delayed $SEA token, and how it compares to Blur and Magic Eden in 2026.
Disclaimer: This review is for informational purposes only. NFTs and cryptocurrencies are high-risk assets. Always do your own research before trading.
OpenSea at a Glance MetricValueFounded2017Co-foundersDevin Finzer (CEO), Alex Atallah (CTO)HeadquartersMiami, FloridaPlatform VersionOS2 (launched February 2025, out of beta May 2025)Total Funding$425M+ (a16z, Paradigm, Coinbase Ventures, Coatue)Peak Valuation$13.3 billion (Series C, January 2022)All-Time Trading Volume$40 billion+NFTs Listed80 million+Active Users (May 2025)467,322 monthly (highest since mid-2023)Monthly Trading Volume$167M (Sep 2025), $2.6B (Oct 2025, includes tokens)Market Share~51% of NFT market (late 2025)Supported Blockchains22 listed in OpenSea’s help center (Ethereum, Solana, Polygon, Arbitrum, Base, Optimism, Avalanche, Ronin, Abstract, ApeChain, Soneium, Monad, and more)Marketplace Fee1% on NFT sales since September 15, 2025 (2.5% before OS2, 0.5% at the OS2 launch)Swap Fees0% OpenSea fee (third-party fees may apply)Native Token$SEA (launch postponed in March 2026, no new date)Rewards ProgramVoyages and Treasures (final rewards wave announced March 2026)Mobile AppiOS and Android app, open to all users since October 20, 2026SEC InvestigationClosed without action, February 21, 2025Rating8.5/10 Sources: OpenSea help center and announcements, DappRadar and Dune (2025 trading data). Fees and token status updated October 21, 2026.
What Is OpenSea? OpenSea is the world’s first and largest peer-to-peer NFT marketplace. It was founded in 2017 by Devin Finzer and Alex Atallah, who built the platform on Ethereum as a place to buy, sell, and discover non-fungible tokens, a concept that barely existed in mainstream conversation at the time.
What made OpenSea significant was not just its first-mover advantage. It was its non-custodial model: OpenSea never holds your assets. When you list an NFT, it stays in your wallet. When you buy one, it transfers directly to your wallet on-chain. No central custody, no counterparty risk from the platform itself. This design built trust that OpenSea has maintained throughout its history, even during periods of high-profile exploit attempts.
For a full understanding of how NFTs and blockchain ownership work, see our NFT beginner’s guide.
The OS2 rebuild in 2025 represents a strategic pivot beyond NFTs. As Devin Finzer put it at the launch: “This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets. We think tokens and NFTs belong together in a single, powerful, delightful experience.” With OS2, OpenSea competes not just with Blur and Magic Eden but with multi-asset trading platforms across the entire on-chain economy.
OS2: The Complete Rebuild OS2 is OpenSea’s most significant product development since launch. Announced February 13, 2025 and fully out of beta on May 29, 2025, it replaces the legacy OpenSea experience entirely with a platform rebuilt from the ground up.
What Changed in OS2 Fees cut, then raised to 1%. The original OpenSea charged a 2.5% marketplace fee, among the highest in the NFT space. OS2 cut it to 0.5% to answer the competitive pressure from Blur’s zero-fee model, and on September 15, 2025, OpenSea raised it to 1% on all chains as part of the final phase of its rewards program. OpenSea charges no fee of its own on token swaps.
NFTs and tokens in one place. For the first time, OpenSea supports both NFT trading and fungible token trading on the same platform. Users can buy, sell, and swap ERC-20 tokens alongside NFTs without switching platforms. By October 2025, more than 90% of OpenSea’s $2.6B monthly volume came from token trading, demonstrating the scale of the multi-asset pivot.
Cross-chain trading without bridging. Users can purchase assets on one blockchain using tokens from another, with OpenSea handling the bridging process automatically. No manual bridge interaction, no switching wallets, no separate transactions.
More than 20 supported blockchains. OS2 launched with 19 chains, and OpenSea’s help center now lists 22, including Ethereum, Solana, Polygon, Arbitrum, Base, Optimism, Avalanche, Ronin, Abstract, ApeChain, Soneium, HyperEVM and Monad, covering virtually every active NFT and DeFi ecosystem.
Two interface modes. OS2 introduced Collector Mode (emphasizing larger visuals, collection stories, and discovery tools) and Pro Mode (data-heavy analytics, order books, and portfolio management), serving both casual collectors and professional traders in one platform.
Mobile app. After a waitlist rollout, OpenSea opened its mobile app to all iOS and Android users on October 20, 2026. It offers trading of tokens and collectibles across more than 25 blockchains without manual bridging, a combined portfolio view and a social activity feed.
OpenSea attracted 82,000 new traders in a single week following the Solana integration on April 21, 2025, with new activity spikes on Arbitrum, Base, and Blast driving the surge. The platform reclaimed over 40% NFT market share in the months following OS2’s full launch.
Supported Blockchains OpenSea’s support for more than 20 chains is one of its strongest competitive advantages. Blur supports only Ethereum and is closing its website on November 12, 2026, and Magic Eden has supported only Solana since March 2026.
Ethereum remains the primary blockchain for high-value NFT trading on OpenSea. Major collections such as CryptoPunks, Bored Ape Yacht Club and Art Blocks trade almost exclusively on Ethereum.
Solana was added to the original OpenSea in April 2022 and fully integrated into OS2 in April 2025. Solana’s speed and low fees make it the preferred chain for gaming NFTs, meme-adjacent collections, and high-frequency trading. OpenSea’s Solana support now includes fungible SOL token trading, not just NFTs.
Polygon, Arbitrum, Base, Optimism are Ethereum Layer-2 networks with significantly lower transaction fees than Ethereum mainnet, making them the preferred choice for new projects with cost-conscious communities. Base in particular saw significant NFT activity spikes on OpenSea in 2025, driven by Coinbase’s ecosystem.
Ronin is the blockchain purpose-built for gaming and home to Axie Infinity and other play-to-own games. OpenSea’s Ronin support gives it access to the gaming NFT audience that was previously served primarily by Ronin’s native marketplace.
OpenSea’s fee structure changed dramatically with OS2 and again in September 2025. Here is the complete picture as of October 2026:
Fee TypeLegacy OpenSeaOS2 (Current)Marketplace Fee2.5%1% on NFT sales (0.5% from the OS2 launch until September 15, 2025)Swap FeeNo token trading0% OpenSea fee (third-party fees may apply)Primary Drop MintsVaried10% of the mint pricePrivate ListingsStandard fee0%Creator RoyaltiesEnforced (5% to 10%)Enforced or optional, set by each collectionGas FeesUser paysUser paysMinting (OpenSea Studio)Free (lazy mint)Free (lazy mint) The 1% fee applies to NFT sales and is included in the price buyers see, so it comes out of the seller’s proceeds. Gas fees for on-chain transactions remain the user’s responsibility and vary by network: on October 21, 2026, Etherscan estimated an Ethereum NFT sale at about $0.08 in gas, while Solana and layer-2 networks cost fractions of a cent. Our guide to OpenSea fees compared with other NFT marketplaces breaks down every fee and gas cost.
Creator royalties depend on the collection. On collections with enforced creator earnings, the set percentage is paid on every sale. On collections with optional earnings, the seller chooses how much to pay when listing or accepting an offer, starting from the creator’s preferred rate, with no minimum. OpenSea moved away from universally enforced royalties under competitive pressure from Blur, which remains a point of contention with artists and creators who rely on secondary sale royalties as income.
The Prize Vault. OpenSea committed to funneling 50% of all platform fees into a prize vault for distribution to active users through the Voyages rewards program. The vault had accumulated $1 million in Optimism and Arbitrum tokens by September 2025, creating an additional incentive layer on top of the planned $SEA airdrop. In March 2026, OpenSea said the current rewards wave would be the last and offered users refunds of fees paid during earlier waves in exchange for giving up their Treasures.
NFT Categories and What You Can Trade OpenSea’s 80 million+ listed NFTs span every major category in the digital asset space:
Digital Art: From generative art collections like Art Blocks to 1-of-1 works from individual artists. OpenSea’s art infrastructure includes verified creator profiles, provenance tracking, and an integration with Art Basel (Zero 10 platform).
Profile Picture Collections (PFPs): CryptoPunks, Bored Apes, Pudgy Penguins, Azuki, and hundreds of community-driven collections live primarily on Ethereum and trade at significant volume on OpenSea.
Gaming Assets: Items, characters, land, and equipment from blockchain games across Ronin, Polygon, and Immutable. Guild of Guardians, one of the top-performing gaming NFT collections by volume, trades on OpenSea.
Domain Names: ENS (Ethereum Name Service) domains like yourname.eth are tradable on OpenSea as NFTs, making it the primary secondary market for blockchain identity names.
Virtual Land: Parcels in metaverse platforms Decentraland and The Sandbox are listed and traded on OpenSea.
Music and Collectibles: Music NFTs, event tickets, sports collectibles, and photography collections are all supported through OpenSea’s flexible metadata standard.
Fungible Tokens (OS2): ETH, USDC, SOL, and hundreds of ERC-20 tokens are now tradable alongside NFTs in OS2, with DEX aggregation ensuring competitive swap rates.
How to Use OpenSea: Getting Started Step 1: Connect Your Wallet Visit opensea.io and click “Connect Wallet.” OpenSea supports MetaMask, Coinbase Wallet, Phantom (for Solana), Ledger, WalletConnect, and Abstract Wallet, among others. For a comparison of the best crypto wallets for NFT trading, see our 10 Best Crypto Wallets guide.
Step 2: Browse or Search Use the Explore tab to browse collections by category, chain, or trending volume. OS2’s new search tools allow filtering by price range, rarity, traits, and chain simultaneously, a significant improvement over legacy OpenSea’s search.
Step 3: Buy an NFT Click any listed NFT and select “Buy Now” for fixed-price listings or “Make Offer” for negotiation. For cross-chain purchases, select your payment token, and OS2 handles the bridging automatically. Confirm the transaction in your wallet.
Step 4: List an NFT Navigate to your profile, select the NFT you want to sell, and click “List.” Set a price, choose a duration, and optionally set a royalty percentage. Lazy minting is available for new creators: the NFT is only minted on-chain when someone purchases it, with the buyer paying the gas fee.
Step 5: Earn with Voyages Once connected, navigate to the Rewards tab to access Voyages, OpenSea’s quest system. Complete actions (cross-chain swaps, NFT purchases on new chains, profile sharing) to earn XP. XP tiers unlock Treasures. OpenSea said in March 2026 that the current rewards wave is the last and that saved Treasures will be considered in future token distributions.
The $SEA Token The $SEA token is OpenSea’s planned native token, announced February 13, 2025. Its launch, scheduled for March 30, 2026, was postponed in mid-March, with CEO Devin Finzer citing difficult market conditions, and OpenSea had not set a new date as of October 2026. The token is managed by the OpenSea Foundation, an independent entity based in the Cayman Islands. The design below is what OpenSea has announced so far.
What $SEA Is Designed to Do Governance: SEA holders will have voting rights on protocol upgrades, fee structures, and platform development direction.
Staking rewards: Holders can stake $SEA to earn a share of platform fee revenue.
Trading incentives: $SEA will be usable within the OS2 ecosystem for fee discounts and enhanced platform features.
Airdrop: 50% of the total SEA supply will go directly to community members, prioritizing long-term “OG” users and active OS2 participants. Historical OpenSea usage (pre-2025 activity) is a key eligibility factor. The initial claim will provide approximately 25% of the total supply instantly, with another 25% vesting over time.
Revenue buyback: OpenSea committed to using 50% of all platform fee revenue to buy back $SEA from the market, creating a direct link between platform activity and token demand.
Critically, OpenSea confirmed that US users are eligible for the $SEA airdrop, a deliberate contrast to some competitors who excluded US users due to regulatory concerns. The SEC’s closure of its OpenSea investigation in February 2025 removes the primary regulatory obstacle that had clouded the token’s launch timeline.
Security OpenSea’s security architecture is built on its non-custodial model: it never holds your assets. Everything is stored in your own wallet and transferred directly on-chain. This eliminates the exchange-style custody risk that has cost users billions in centralized platform collapses.
However, OpenSea has faced several security incidents over its history:
2022 Email Phishing Breach: A Customer.io employee misused OpenSea user email data to conduct a phishing campaign. No NFTs were stolen through the platform itself, but the breach exposed user contact information.
Smart Contract Exploits: Early OpenSea contracts were targeted by attackers who exploited stale listings: NFTs listed at old prices that could be purchased below market value before the owner could delist them. OpenSea’s Seaport protocol (deployed 2022) was designed to address these vulnerabilities.
Bug Bounty Program: OpenSea runs a HackerOne bug bounty program with rewards up to $100,000 for critical smart contract vulnerabilities. OpenSea has paid out $200,000 to ethical hackers through this program, reinforcing its commitment to proactive security.
Seaport Protocol: OpenSea’s open-source Seaport smart contract handles all marketplace transactions. It has been independently audited multiple times and is the most battle-tested NFT marketplace smart contract in existence. For broader context on crypto security risks, see our overview of top crypto hacks of 2025.
Best practices for users: Enable two-factor authentication on your email (used for OpenSea account recovery), never sign wallet transactions from unknown links, and regularly review active listings and approvals using a tool like Revoke.cash.
OpenSea vs Blur vs Magic Eden FeatureOpenSeaBlurMagic EdenMarketplace Fee1%0% (website closes November 12, 2026)2%Swap Fees0% OpenSea feeN/AN/ASupported Chains22Ethereum onlySolana only (since March 2026)NFTs Listed80 million+Ethereum-focusedSolana-focusedToken TradingYes (OS2)NoNoTarget UserAll usersPro tradersSolana/gaming communityRewards ProgramVoyages and Treasures ($SEA postponed)BLUR tokenEden PointsNative Token$SEA (postponed)BLURMEMobile AppYes (open to all since October 2026)NoWallet app closed May 2026Creator RoyaltiesEnforced or optional by collectionSet by protocol rulesOptional on most collections (buyer chooses)NFT Market Share (late 2025)~51%~23%~7.7% OpenSea vs Blur: Blur was purpose-built for professional Ethereum NFT traders, with zero fees, advanced portfolio analytics, and a bidding system optimized for high-frequency trading. But its monthly volume has collapsed by more than 99% from its 2023 peak, and its website will shut down on November 12, 2026, while its smart contracts stay live on-chain. OpenSea’s 1% fee is higher, but its multi-chain support, token trading, and ongoing development make it the more durable choice. See our report on Blur shutting down its marketplace and our Blur NFT Marketplace review.
OpenSea vs Magic Eden: Magic Eden is a leading Solana NFT marketplace with deep ties to gaming communities, and it has supported only Solana since March 9, 2026, when it closed its Ethereum, EVM and Bitcoin marketplaces. Its 2% fee is higher than OpenSea’s 1%, but its community focus makes it popular with Solana-native NFT projects. OpenSea’s broader chain support and token trading give it more total utility, while Magic Eden has stronger loyalty among Solana NFT collectors.
Pros and Cons Pros Largest NFT selection in Web3. 80 million+ NFTs across more than 20 chains, and no competitor comes close to this breadth of inventory. Whether you want blue-chip Ethereum art, Solana gaming assets, or Base ecosystem tokens, OpenSea has it.
Competitive fees. OpenSea’s 1% fee on NFT sales is well below its original 2.5%, and it charges no fee of its own on token swaps. Among marketplaces still actively traded on Ethereum and its layer-2 networks, that keeps it cost-competitive.
Multi-chain, multi-asset hub. Supporting more than 20 blockchains for both NFTs and tokens is a unique position in the NFT marketplace landscape. OpenSea is the only NFT-native platform also functioning as a multi-chain token DEX.
Regulatory clarity. The SEC investigation closure in February 2025, the Cayman-based Foundation structure for $SEA, and explicit US user eligibility for the airdrop represent unusually strong regulatory positioning for an NFT platform.
Non-custodial by design. Your assets never leave your wallet. This is the fundamental trust foundation that has kept OpenSea the default platform for high-value NFT trading despite competitive pressure.
Planned $SEA buybacks. OpenSea has said it will use half of platform fee revenue to buy back $SEA once the token launches, which would tie platform growth directly to token holders.
Cons Creator royalties are not always enforced. OpenSea’s shift away from universally enforced royalties, while competitive, has damaged its relationship with the creator community. Artists who depended on secondary sale income lost a reliable revenue stream.
Token trading dominates over NFTs. By October 2025, 90%+ of volume was from token trading rather than NFTs. This raises questions about whether OS2’s success is NFT marketplace recovery or effectively becoming a DEX that happens to list NFTs.
$SEA launch uncertainty. Despite a Q1 2026 target, OpenSea postponed the $SEA launch in March 2026 without a new date and said its current rewards wave would be the last. The delay frustrates Voyages participants who farmed XP in expectation of a launch, and until $SEA is live, the rewards program lacks its primary incentive.
No direct fiat on-ramp. OpenSea doesn’t accept credit card payments natively, so users must first acquire crypto (via MoonPay integration) and then trade. This creates friction for genuinely new users unfamiliar with wallet management.
A shrinking NFT market. NFT sales fell to about $167.2 million in September 2026, according to CryptoSlam, down from about $554.8 million a year earlier. Even the leading marketplace now operates in a far smaller NFT market than in 2021 and 2022.
Verdict: Is OpenSea Still the Best NFT Marketplace? For most users, yes.
The OS2 rebuild addressed every major criticism that had driven users to competitors: fees are competitive at 1%, chain support covers every major ecosystem, and the platform works for both casual collectors and sophisticated traders. The regulatory cloud from the SEC investigation has lifted. If the $SEA token launches, it could create a reward loop that keeps active users engaged and aligns their interests with the platform’s growth.
OpenSea is no longer just an NFT marketplace. It is an on-chain asset hub, the closest thing Web3 has to a single destination where you can trade NFTs, swap tokens, manage a portfolio across more than 20 chains, and earn platform rewards. That is a significantly more defensible position than “largest NFT marketplace” in a market where NFT-only volume remains below 2021 peaks.
Blur, long the sharper tool for professional Ethereum NFT traders, is closing its website in November 2026. For Solana-native communities, Magic Eden and Tensor have real advantages. But for the vast majority of NFT participants, including collectors, creators, newcomers, and cross-chain traders, OpenSea’s breadth, liquidity, and improving user experience make it the default starting point and the hardest platform to leave.
Frequently Asked Questions What is OpenSea?
OpenSea is one of the largest NFT marketplaces, founded in 2017 by Devin Finzer and Alex Atallah. Since its OS2 rebuild in 2025, it trades both NFTs and fungible tokens across 22 blockchains, including Ethereum, Solana, Base and Polygon. It is non-custodial, so NFTs stay in users’ wallets until a sale settles on-chain, and its mobile app opened to all users in October 2026.
How much does OpenSea charge?
OpenSea charges a 1% fee on NFT sales, included in the price buyers see, plus 10% on primary drop mints. Private listings carry a 0% fee, and OpenSea charges no fee of its own on token swaps. Creator earnings and blockchain gas come on top. The 1% rate has applied on all chains since September 15, 2025, after a 0.5% rate at the OS2 launch.
Is OpenSea safe?
OpenSea is non-custodial, so it never holds users’ NFTs or funds, and its Seaport smart contract has been audited multiple times. It runs a HackerOne bug bounty with rewards of up to $100,000. The main risks come from phishing sites, malicious signature requests and old token approvals, so users should verify links and review their approvals with tools such as Revoke.cash.
What is OS2?
OS2 is OpenSea’s rebuilt platform, announced on February 13, 2025, and out of beta on May 29, 2025. It added fungible token trading alongside NFTs, cross-chain purchases without manual bridging, Collector and Pro interface modes and support for far more blockchains. It launched with a 0.5% NFT fee, which OpenSea raised to 1% on all chains in September 2025.
When will the $SEA token launch?
No date is set. OpenSea announced $SEA in February 2025 and scheduled its launch for March 30, 2026, but postponed it in mid-March 2026, citing difficult market conditions, and had not announced a new date as of October 2026. OpenSea has said half of the token supply will go to the community and half of platform fee revenue will fund buybacks.
How does the Voyages rewards program work?
Voyages is OpenSea’s quest-based rewards program. Users complete tasks such as cross-chain swaps and NFT purchases to earn XP and unlock Treasures. In March 2026, OpenSea said the current rewards wave would be the last, offered fee refunds to users willing to give up their Treasures, and said saved Treasures will be considered in future token distributions.
How is OpenSea different from Blur?
OpenSea is a multi-chain platform for NFTs and tokens with a 1% NFT fee, aimed at both collectors and traders. Blur was an Ethereum-only marketplace for professional traders, with zero fees, collection bids and NFT lending through Blend. Blur’s monthly volume has fallen more than 99% from its 2023 peak, and its website closes on November 12, 2026.
Does OpenSea support Solana?
Yes. OpenSea first added Solana in April 2022 and fully integrated it into OS2 in April 2025, which brought a surge of new traders. On Solana, OpenSea supports token swaps and selected NFT collections. For Solana-native NFT trading, Magic Eden and Tensor remain the main specialist marketplaces, and each charges a 2% fee on trades.
More on this topic: NFT Marketplaces and What Is Panini Blockchain? How It Works in 2026.
See also: Magic Eden Review: The Solana NFT Marketplace at a Crossroads.
Arbitrum (ARB) traded near $0.190 on October 21, 2026, according to CoinMarketCap, more than double its record low of about $0.071 in late June but still about 92% below its all-time high of $2.40, set on January 12, 2024. Our base case puts ARB at $0.15 to $0.22 at the end of 2026, with a bull case of $0.30 to $0.50 and a bear case near $0.10. Longer term, the forecasts we reviewed split sharply: algorithmic models put ARB at about $0.22 to $0.40 in 2030, while Standard Chartered, which began covering the token in September, expects $10 by the end of 2030.
The gap comes down to one question: whether the revenue the Arbitrum network earns from other chains, led by Robinhood Chain, will ever reach ARB holders. Until it does, the token has to absorb about 92.65 million new ARB every month until March 2027, when the team and investor unlocks end.
What Is Arbitrum? Arbitrum is the largest group of Ethereum layer-2 networks built by Offchain Labs. Its main chain, Arbitrum One, is an optimistic rollup: it processes transactions off Ethereum and posts the data back to Ethereum, which cuts fees while relying on Ethereum for security. Other projects can launch their own chains with Arbitrum’s technology, and more than 30 of them, including Robinhood’s own blockchain, share part of their revenue with the Arbitrum DAO.
ARB is the governance token of the Arbitrum DAO, which controls a large treasury and votes on upgrades and spending. It was airdropped to users in March 2023 and has a maximum supply of 10 billion tokens; the DAO can vote to mint up to 2% more a year but has not done so. ARB is not used to pay gas fees on Arbitrum, which are paid in ETH, and holders do not receive a share of network revenue, which is the main reason its price has lagged the network’s growth.
ARB Market Data: October 2026 MetricValuePrice~$0.190Market Cap~$1.31 billion (55th largest)Circulating Supply~6.89 billion ARB (69% of max)Max Supply10 billion ARBAll-Time High$2.40 (January 12, 2024)All-Time Low~$0.071 (June 26, 2026)Distance From All-Time HighAbout -92%2025 PerformanceAbout -74% ($0.72 to $0.187)2026 So FarRoughly flat, range ~$0.071 to ~$0.256Arbitrum One TVL (DefiLlama)~$1.41 billionValue Secured (L2BEAT)~$10.5 billion, second among rollups Sources: CoinMarketCap on October 21, 2026; Binance price history; DefiLlama; L2BEAT.
Arbitrum Price History: From $2.40 to $0.07 ARB began trading on March 23, 2023, after the Arbitrum Foundation airdropped about 1.16 billion tokens to early users, plus about 113 million to DAOs building on the network. It ended 2023 near $1.56 and reached its all-time high of $2.40 on January 12, 2024, two months before the first team and investor tokens were released.
From then on, unlocks and a weak altcoin market pulled it lower. ARB closed 2024 near $0.72 and 2025 near $0.187, a loss of about 74% in 2025, after touching about $0.105 in the October 2025 market crash. In 2026 it fell to a record low of about $0.071 on June 26, then broke out at the end of August as fees from Robinhood Chain surged. Standard Chartered’s coverage in mid-September added to the rally, which peaked at about $0.256 on September 23 before ARB pulled back to about $0.19.
PeriodKey PriceDecember 31, 2023~$1.56 (2023 close)January 12, 2024$2.40 (all-time high)December 31, 2024~$0.72 (2024 close)January 2025~$0.95 (2025 high)December 31, 2025~$0.187 (2025 close)June 26, 2026~$0.071 (all-time low)September 23, 2026~$0.256 (2026 high so far)October 21, 2026~$0.190 How Did Earlier Arbitrum Predictions Hold Up? Forecasts made in 2024 and early 2025 were far too high. In April 2024, with ARB near $1.45, Mudrex projected an average price of about $2.01 for 2025 and $2.07 to $3.19 for 2026. In October 2024, DroomDroom expected $3 by mid-2026. Even Coinpedia’s more cautious 2025 forecast, made with ARB near $0.33, put the 2025 low at about $0.245. ARB ended 2025 at about $0.187, below every one of those figures, and traded near $0.08 to $0.10 for much of mid-2026.
Three things went wrong for the bulls. Around 92.65 million ARB a month reached the market from team and investor wallets, Arbitrum’s total value locked fell from about $2.9 billion at the start of 2026 to about $1.4 billion, and the token gained no direct claim on network revenue. The lesson for current forecasts is that network growth alone has not been enough to lift ARB.
What Is Driving ARB in 2026? Robinhood Chain and Arbitrum’s revenue share. Robinhood launched its own Arbitrum-based blockchain on July 1, 2026, and pays 10% of its net revenue to Arbitrum: 8% to the DAO and 2% to a developer guild. Its fees surged around the start of September, peaking at about $6 million on September 3 and staying above $2 million a day for about a week, but have averaged about $100,000 a day over the past month, according to DefiLlama. The Arbitrum DAO earned about $6.2 million in the first half of 2026, and holds more than $125 million in assets other than ARB.
Standard Chartered’s call. On September 15, 2026, Standard Chartered’s Geoff Kendrick set targets of $0.50 for the end of 2026, $1.50 for 2027, $3.50 for 2028, $6.50 for 2029 and $10 for the end of 2030, based on Arbitrum’s revenue from tokenized stocks and chains such as Robinhood’s. He also noted that ARB has no token burn and no direct claim on revenue, and said a buyback was becoming more likely.
Unlocks ending in 2027. About 92.65 million ARB, worth about $17 million at today’s price, is released on the 16th of each month. The next release is on November 16, 2026, and the schedule ends in March 2027, after which the supply overhang from early backers disappears.
Network activity. Arbitrum One is the second-largest rollup by value secured, at about $10.5 billion according to L2BEAT, behind Base at about $15.7 billion. It handles about 1.3 million transactions a day and holds about $3.5 billion in stablecoins. Its own fee revenue is small, about $8 million over the past year according to DefiLlama, because transaction fees on Arbitrum are now a fraction of a cent.
Recent setbacks. On October 2, 2026, Arbitrum’s Security Council paused new Stylus program activations over the risk of AI-assisted attacks; already-active Stylus contracts keep running. See our report on why Arbitrum paused new Stylus activations.
Arbitrum Price Predictions Compared: Analysts and Models SourceForecastDateStandard Chartered$0.50 end-2026; $1.50 2027; $3.50 2028; $10 end-2030September 15, 2026CoinCodex~$0.149 end-2026; ~$0.35 in 2030; ~$0.74 in 2040October 20, 2026ChangellyDecember 2026 average ~$0.171; 2030 average ~$0.303; 2040 average ~$0.96October 20, 2026CoinLoreEnd-2026 base ~$0.127; 2030 base ~$0.22, bull ~$1.21; bull passes $1 in 2028October 20, 2026PricePredictions.com2027 ~$0.161; 2030 ~$0.296October 12, 2026Telegaon2027 ~$2.17 to $3.42; 2030 ~$7.59 to $10.25; 2040 ~$46 to $58January 30, 2026 The forecasts fall into two groups. The algorithmic models, which update daily and lean heavily on recent prices, keep ARB below $0.50 until well into the 2030s. Standard Chartered and Telegaon expect ARB to recover most or all of its losses by 2030. Telegaon’s page was last updated in January 2026, when ARB traded higher, so its figures start from a much higher base. There is no active Polymarket or Kalshi market on ARB’s price.
Arbitrum Price Prediction by Year YearBear CaseBase CaseBull CaseEnd of 2026$0.10$0.15 to $0.22$0.30 to $0.502027$0.07$0.24$3.422028$0.09$0.27$5.082030$0.13$0.33$10.252035$0.41$0.75$26.592040$0.71$1.40$58.34 How this table is built: the 2026 row is our own scenario analysis, based on chart levels, the unlock schedule and published targets. Rows for 2027 to 2040 summarize the forecasts in the table above as of October 20, 2026: the bear case is the lowest published figure, the base case is the median of each source’s central forecast (the midpoint where only a range is given), and the bull case is the highest published figure. All bull figures come from Telegaon, last updated in January 2026. At a supply of 10 billion ARB, $10 would mean a market value of $100 billion and $58 would mean $580 billion. Speculative, not financial advice.
Arbitrum Price Prediction 2026 ARB enters the last ten weeks of 2026 near $0.190, close to its 20-day moving average of about $0.192 and above its 50-day average of about $0.184 on Binance daily closes, with its 14-day RSI near 50, a neutral reading. Its 200-day average, near $0.119, sits far below the price, a sign that the trend since the June low is still up. Support starts at the 50-day average, and resistance sits near $0.22 and the September high of about $0.256.
Arbitrum Price Prediction for the End of 2026 Base case ($0.15 to $0.22): ARB holds most of its September gains but drifts with the market as two more unlocks, on November 16 and December 16, add about 185 million tokens. This range brackets CoinCodex’s end-2026 figure of about $0.149 and Changelly’s December average of about $0.171.
Bull case ($0.30 to $0.50): Robinhood Chain activity recovers, the DAO moves toward a buyback or another way to pass revenue to holders, and altcoins rally into year-end. The top of this range is Standard Chartered’s end-2026 target of $0.50.
Bear case ($0.10): ARB loses its 50-day average and gives back the August breakout, falling toward the $0.075 to $0.10 range it traded in before September.
Arbitrum Price Prediction 2027 2027 is the year the monthly unlocks end, in March. The median base case is about $0.24: Changelly’s 2027 average is about $0.129, CoinLore’s base case about $0.127 and PricePredictions.com about $0.161, while CoinCodex’s monthly path runs from about $0.13 to $0.52. Standard Chartered’s $1.50 target would require ARB to rise about eightfold from today, and Telegaon’s $2.17 to $3.42 range is higher still. The lowest published figures, Changelly’s minimum and CoinLore’s bear case, sit near $0.07.
Arbitrum Price Prediction 2028 For 2028, the median base case is about $0.27. Changelly’s 2028 average is about $0.286, CoinCodex’s monthly path runs from about $0.18 to $0.35, CoinLore’s base case is about $0.152 and PricePredictions.com’s about $0.197, while Standard Chartered expects $3.50 and Telegaon $3.69 to $5.08. CoinLore’s bear case is about $0.091, and its bull case is about $1.08. By then all team and investor tokens will be unlocked, so the price will depend on demand for ARB rather than on the supply schedule.
Arbitrum Price Prediction 2030 For 2030, the median base case is about $0.33, with CoinCodex at about $0.35, Changelly at about $0.30, PricePredictions.com at about $0.30 and CoinLore at about $0.22. Standard Chartered’s $10 target and the top of Telegaon’s $7.59 to $10.25 range would each value ARB at about $100 billion at full supply, roughly 76 times its market value today.
Arbitrum Price Prediction 2035 and 2040 Long-range forecasts are speculative. For 2035, the median base case is about $0.75, with CoinCodex’s range at about $0.41 to $1.05, Changelly’s average at about $0.68 and CoinLore’s base case at about $0.77, while Telegaon expects $21.35 to $26.59. For 2040, the median base case is about $1.40, between Changelly’s average of about $0.96 and CoinLore’s base case of about $1.83; CoinCodex is at about $0.74, while Telegaon’s $46 to $58 would value ARB at roughly $500 billion.
Can Arbitrum Reach $1? Not in 2026, and only with a major change in how the token captures value. From about $0.190, ARB needs a gain of about 425% to reach $1. With roughly 7.4 billion ARB in circulation after the unlocks end in 2027, $1 would mean a market value of about $7.4 billion, about 2.4 times its market value at its January 2024 peak. Among the forecasts we reviewed, CoinLore’s bull case passes $1 as early as 2028, Changelly’s maximum passes $1 around 2035, and Standard Chartered expects $1.50 as early as 2027. For a shorter-term view of the token’s slide, see our analysis of ARB at $0.0899.
Key Factors Driving Arbitrum Price in 2026 to 2030 Value accrual to ARB. The single biggest factor. ARB holders do not receive fees, and the DAO has not approved a buyback or staking yield. A vote that links network revenue to the token would change the investment case; without one, ARB remains a governance token.
Revenue from Arbitrum chains. Robinhood Chain and more than 30 other Arbitrum chains pay a share of their revenue to the DAO. If tokenized stock trading grows as Standard Chartered expects, this could become a meaningful income stream.
The end of unlocks. The last team and investor release is due in March 2027. Removing about 1.1 billion ARB a year of new supply would ease one of the main pressures on the price.
Competition from Base. Coinbase’s Base leads Arbitrum in total value locked, at about $6.2 billion against $1.4 billion on DefiLlama, and in value secured on L2BEAT. Base has no token, so a Base token launch would compete directly for layer-2 investors.
Ethereum and the wider market. ARB tends to follow Ether and the altcoin market with higher volatility. See our Ethereum price prediction and Bitcoin price prediction for the wider outlook.
DAO decisions. Proposals such as Entropy Advisors’ October 2026 plan to spend 100 million ARB on incentives for the USDG stablecoin show how treasury spending can add to circulating supply as well as to activity on the network. See our report on Arbitrum joining the Global Dollar Network.
Bull Case vs. Bear Case Bull CaseBear CaseThe DAO approves a buyback, staking yield or revenue share for ARB holdersARB stays a pure governance token with no claim on revenueRobinhood Chain and other Arbitrum chains grow revenue from tokenized stocksRobinhood Chain fees stay near current lowsUnlocks end in March 2027 and supply pressure fadesDAO spending and incentives keep adding ARB to circulationArbitrum keeps its lead over Optimism and narrows the gap with BaseBase launches a token and draws users and investors awayARB reaches $0.50 in 2026 and $1 or more in the next cycleARB gives back its August breakout and returns to $0.07 to $0.10 How to Check the Current ARB Price and Price Prediction For the live ARB price, market value and supply, use CoinMarketCap or CoinGecko; for network data, DefiLlama shows Arbitrum’s total value locked and fees, and L2BEAT shows the value it secures and its security stage. The price forecasts on this page are updated with the market, and our daily crypto market today page covers the moves behind them. When comparing predictions from different sites, check the date each one was last updated and whether it is a model output or an analyst’s view, because algorithmic models and analyst targets for ARB differ by about 30 times for 2030.
Where to Buy Arbitrum ARB is available on major exchanges including Binance, Coinbase, Kraken, KuCoin, OKX and Bybit, and on decentralized exchanges on Arbitrum itself. European investors can also buy exchange-traded products from 21Shares and Valour; there is no US spot ARB ETF. ARB can be held in any wallet that supports Arbitrum or Ethereum.
Data sources: CoinMarketCap (price, supply and market value), Binance (price history and moving averages), DefiLlama (TVL, fees and stablecoins), L2BEAT (value secured), Tokenomist (unlock schedule), the Arbitrum Foundation (DAO income and treasury), Standard Chartered, and the published forecasts of CoinCodex, Changelly, CoinLore, PricePredictions.com, Telegaon, Mudrex, DroomDroom and Coinpedia, as of October 20 and 21, 2026.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.
Frequently Asked Questions What is the Arbitrum price prediction for 2026?
Our base case puts Arbitrum at $0.15 to $0.22 at the end of 2026, with a bull case of $0.30 to $0.50 and a bear case near $0.10. ARB trades near $0.190 on October 21. Standard Chartered’s year-end target is $0.50, while CoinCodex and Changelly expect about $0.15 to $0.17. Two more monthly unlocks, in November and December, will add about 185 million ARB.
What will Arbitrum be worth in 2030?
Forecasts for 2030 range from about $0.13 to $10.25. The median of the six sources we reviewed is about $0.33, with algorithmic models such as CoinCodex and Changelly at about $0.30 to $0.35. Standard Chartered expects $10 by the end of 2030, and Telegaon’s range tops out at about $10.25, either of which would value ARB at about $100 billion.
Can Arbitrum reach $1?
It is possible but would need a gain of about 425% from today’s price near $0.190, and a market value of about $7.4 billion once unlocks end in 2027, about 2.4 times its value at its 2024 peak. Standard Chartered expects $1.50 in 2027, while most algorithmic models do not reach $1 until the 2030s. A buyback or revenue share for holders would make $1 more realistic.
Can Arbitrum reach $10 or $100?
Standard Chartered expects $10 by the end of 2030, about 53 times today’s price and a $100 billion market value. $100 would require a $1 trillion valuation, more than three times Ether’s entire market value today, and none of the forecasts in our table gets there; the highest, Telegaon, tops out at about $58 in 2040. Algorithmic models’ base cases put ARB well under $1 in 2030.
Why is Arbitrum so low?
ARB is about 92% below its January 2024 high of $2.40 for three main reasons. About 92.65 million new tokens have reached the market every month since March 2024, Arbitrum’s total value locked has fallen sharply in 2026, and the token gives holders no share of network fees. Competition from Base and a weak altcoin market have added to the pressure.
When is the next Arbitrum token unlock?
The next unlock is on November 16, 2026, when about 92.65 million ARB will be released, mainly to team members, advisors and investors, worth about $17 million at current prices and about 1.3% of circulating supply. Unlocks of the same size take place on the 16th of each month until March 2027, when the vesting schedule for early backers ends.
What did Standard Chartered predict for Arbitrum?
In September 2026, Standard Chartered’s Geoff Kendrick set ARB targets of $0.50 for the end of 2026, $1.50 for 2027, $3.50 for 2028, $6.50 for 2029 and $10 for the end of 2030. The bank based its view on Arbitrum’s share of revenue from Robinhood Chain and other chains and on growth in tokenized stocks, and said a buyback was becoming more likely.
How can I check the current ARB price and price prediction?
CoinMarketCap and CoinGecko show the live ARB price, market value and supply, while DefiLlama and L2BEAT track Arbitrum’s network data. This page summarizes forecasts from analysts and models and is updated with the market. When comparing predictions, check when each was last updated and whether it comes from an algorithm or an analyst, as they differ widely.
What is Arbitrum used for?
Arbitrum is an Ethereum layer-2 network that makes transactions cheaper and faster while relying on Ethereum for security. It hosts DeFi apps, stablecoins and tokenized assets, and its technology powers other chains, including Robinhood Chain. The ARB token is used to vote on how the Arbitrum DAO runs the network and spends its treasury; gas fees on Arbitrum are paid in ETH.
Is Arbitrum a good investment?
That depends on your view of value accrual. Arbitrum One is the second-largest Ethereum rollup and earns revenue from Robinhood Chain and other Arbitrum chains, but ARB holders do not receive fees, monthly unlocks continue until March 2027 and the token is about 92% below its peak. A buyback or revenue share would strengthen the case. This is not financial advice.
More on this topic: Cryptocurrency Price Predictions and Understanding XRP Price Trends and Predictions.
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The privacy startup said its encryption coprocessor is now in production with dual-mode tokens and two launch apps, and that Consensys Diligence audited the system.
Fhenix's encryption coprocessor is now live on Ethereum and Arbitrum mainnet
Posted October 21, 2026 at 9:00 am ET.
On Ethereum, a wallet’s holdings are public by default: anyone with the address can see what it owns, what it trades and when. Fhenix, a startup building privacy tools for Ethereum, said Wednesday that smart contracts on Ethereum and Arbitrum mainnet can now work with balances, positions and trading strategies that remain encrypted onchain, while the contract still enforces its rules.
The company said its CoFHE coprocessor, built on fully homomorphic encryption (FHE), is now in production on both networks. Until the launch, CoFHE ran only on public test networks.
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How It Works FHE is a form of cryptography that lets a computer do math on data without decrypting it first. According to Fhenix, CoFHE handles the heavy encrypted computation off-chain and passes the results back to contracts on the two chains. Developers add it with one Solidity import and encrypted data types that, the company said, behave like normal variables.
The launch also brings Fhenix’s dual-mode token design into production. Tokens issued under Fhenix’s dual-mode standard carry a confidential mode next to their public one, according to the company, and a holder can shift a balance into confidential mode in one transaction and switch it back when needed. Fhenix said those tokens never leave their home chain, are not wrapped or bridged, and keep working with existing wallets, exchanges and DeFi apps.
Fhenix said Consensys Diligence audited the system before launch. Unchained could not find a public copy of the audit report.
First Apps and What Comes Next Two design partners went live on day one, according to Fhenix: Fluton, which the company describes as a confidentiality engine built on encrypted intents, and AlphaEngine, where strategists compete for users’ liquidity with strategies that stay encrypted, so their methods remain private. A December 2025 post on Fhenix’s blog said AlphaEngine’s operators decrypt and match users’ swap intents in a step designed to run inside a trusted execution environment, a secure hardware enclave.
Fhenix said three more apps will launch on CoFHE in the fourth quarter, and that it plans to name two strategic partnerships with institutions in the coming weeks. Founder Guy Zyskind said in the announcement that the team is “working on a confidential stablecoin together with Tandem,” Offchain Labs’ venture arm that invested in Fhenix in 2025. Offchain Labs develops Arbitrum.
Fhenix is not the only team bringing FHE to stablecoins. In late May, a court order led Circle to freeze about $12.6 million held in a confidential USDC contract run by Zama, another FHE developer, locking funds of users unconnected to the case.
Steven Goldfeder, co-founder and CEO of Offchain Labs, said in Fhenix’s announcement that the launch is “the beginning of something big: a programmable economy with programmable privacy, fully composable for the end user.”
Related Listen: ‘Like a Peanut Butter Allergy’: Why Institutions Need Onchain Privacy
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
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Fhenix has announced that its CoFHE coprocessor, which leverages fully homomorphic encryption (FHE), is now operational on both the Arbitrum and Ethereum networks. This milestone marks the shift of CoFHE from public test environments into full production, signaling a significant development in on-chain encrypted computation.
Key features of CoFHE and dual-mode tokensFHE, a cryptographic method, allows computing on encrypted data without needing to decrypt it first. By integrating this technology, Fhenix has enabled developers to perform complex calculations off-chain while preserving user privacy. The results of these encrypted computations are then relayed back to smart contracts across the two networks.
Fhenix claims that developers can integrate CoFHE with a single Solidity import, using encrypted data types that function like standard variables within Solidity-based applications. This integration is designed to streamline adoption while maintaining compatibility with existing Ethereum development practices.
Mini dictionary: Fully Homomorphic Encryption (FHE), a form of encryption that allows computations to be performed on encrypted data without needing to decrypt it. This enables privacy-preserving operations, safeguarding confidential information even during processing.
With the launch, the company has also rolled out its dual-mode token design. This new standard equips tokens with both public and confidential modes, allowing holders to switch balances between the two with a single transaction. According to Fhenix, these tokens always remain on their native chain and are neither wrapped nor bridged, ensuring compatibility with existing wallets, exchanges, and decentralized finance protocols.
Security audit and early partnersPrior to launch, Fhenix engaged Consensys Diligence to conduct a security audit of the CoFHE system. The company stated that the system successfully passed the audit, although a publicly accessible report has not been located.
On its first day in production, Fhenix onboarded two design partners: Fluton and AlphaEngine. Fluton is described as a confidentiality engine focusing on encrypted intents, while AlphaEngine offers a platform where strategists compete for user liquidity using private, encrypted strategies. Fhenix noted that AlphaEngine utilizes a trusted execution environment to decrypt and match user swap intents, supporting confidential transaction execution.
Mini dictionary: Trusted Execution Environment (TEE) is a secure area of a processor that ensures sensitive data is processed safely, protecting it from external software attacks.
Upcoming launches and ecosystem developmentFhenix reported that three additional applications are scheduled to launch on the CoFHE platform in the fourth quarter. The company also indicated that it will soon announce two new strategic partnerships with institutional players.
Founder Guy Zyskind mentioned that the team is collaborating with Tandem on a confidential stablecoin project. Tandem is the venture division of Offchain Labs, which develops the Arbitrum network and invested in Fhenix in 2025.
Founder Guy Zyskind stated that Fhenix is “working on a confidential stablecoin together with Tandem,” as part of the growing institutional interest in privacy-enabled blockchain assets.
Competitive developments in FHE stablecoinsFhenix is not the only company using FHE for stablecoin applications. In May, Circle, the issuer of USDC, froze approximately $12.6 million related to a confidential USDC contract managed by Zama, another FHE-focused technology developer. The action affected funds belonging to users who had no connection to the underlying legal case that prompted the freeze.
Tokens issued under Fhenix’s dual-mode standard carry a confidential mode alongside their public one, enabling users to move balances between modes securely without transferring assets across chains or requiring wrapped tokens.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
Gate Money puts fiat accounts, crypto, payments, yield and investing on one balance inside the Gate app, with a Visa card for spending and $8.68 billion in reported reserves.
Money has always lived in separate places. Cash sits in a bank, stocks in a brokerage, crypto on an exchange, and moving value between them means transfers, settlement delays and fees at every step.
Stablecoins are the first asset to blur those lines. As the best version of cash in crypto, they give dollars the speed and portability of onchain assets, and they have grown accordingly: supply stands at just under $300 billion as of October 2026, roughly 50% above where it started 2025, the year the GENIUS Act was passed.
Gate Money is Gate’s attempt to bring the rest of the picture together. Announced at TOKEN2049 on October 7, the Gate Money section, inside the main Gate app, now puts fiat accounts, crypto, payments, yield and investing on one balance. A day later, Gate announced a partnership with Visa for a crypto-linked card.
This primer covers what Gate Money does, along with Gate’s Visa partnership, and what we'd watch as it rolls out.
Why Now: Stablecoins Are Becoming Everyday Money Supply growth has stalled for most of 2026, but usage has not. Onchain stablecoin transfer volume reached $92.7 trillion over the 12 months to September 2026, up ~82% from the prior 12 months. Year-to-date (YTD), 2026 has seen ~$74 trillion in onchain stablecoin transfer volume, already above the $60.6 trillion recorded for all of 2025.
It is worth noting that raw transfer volume can overinflate true “usage” as the metric includes bot activity, contract-to-contract hops and internal transfers. Adjusting for those, a16z’s 2025 report strips those out and has adjusted stablecoin volume at ~$9 trillion over its trailing year.
Policy and payment rails are following the usage, with the GENIUS Act giving US issuers a clear regulatory perimeter, Stripe’s acquisition of stablecoin infrastructure startup Bridge, and over 160 stablecoin-linked Visa card programs now live globally, per Visa.
For many users, holding crypto or stablecoins is only half the job. Spending or cashing out those assets still typically runs through a bank, which means leaving the exchange’s ecosystem.
Trading activity tends to fluctuate with market volatility, while products tied to payments, balances and financial services can create more recurring user activity. As crypto increasingly moves beyond trading, the value of having one account for holding, spending, investing and earning becomes more important. This is the gap Gate Money is built to close.
Gate Money Functionally, Gate Money organizes six jobs around one balance.
Hold - Users can hold multiple fiat currencies and crypto in one consolidated account system, as it supports fiat deposits and withdrawals alongside onchain deposits and transfers. Receive - Eligible users can set up a bank account inside the same app and use the account details to receive and withdraw funds. Pay - Online and in-store purchases can use fiat or crypto, with Apple Pay and Google Pay support, alongside ATM withdrawals and local QR payments in some countries. Convert - In-app swaps between assets. Earn - Eligible USDT balances can earn up to 3.6% with no lock-up, subject to Gate's product terms. Invest - Access to crypto and traditional assets including stocks. Many of these features, including Gate Card, Gate Pay and stock trading, existed before Gate Money.
What the new Gate Money adds is integration, where a user's balance can be received, held, earned on, invested and spent in one account, turning Gate from somewhere users come to trade into an everyday financial platform.
The Visa Partnership In early October, Gate and Visa announced a partnership for a crypto-linked Visa card that can be applied for and managed inside the Gate app. With this, eligible users will be able to pay at any Visa-accepting merchant, and the crypto in their Gate account is converted to fiat automatically at checkout to cover the purchase.
Visa’s main contribution is its global network, as the payments feature is the job that decides whether an account gets used every day or only when someone trades.
Moreover, Visa is itself one of the stablecoin rails described above, so the card sits on infrastructure with the same vision in mind.
Gate’s CEO described the partnership as a step toward crypto becoming part of everyday financial life, while Visa's Asia Pacific head of digital currency pointed to consumer demand for flexible, convenient and widely accepted payment options.
Why The Build Matters Some platforms launching consumer money products opt for a separate app with its own brand. In contrast, Gate Money lives inside the main Gate app.
While the former may present a cleaner approach from a consumer identity perspective, it has to build its user base from scratch. On the other hand, an embedded product starts with the full user base that can switch Gate Money on without having to download anything, while balances also stay within Gate.
There is also a clear connection to the topic discussed in Primer 1, where Gate CrossEx gives professional desks one pool of margin that works across multiple venues so capital stops sitting idle in silos. Gate Money applies the same idea at the other end of the user spectrum.
Between the two, Gate is building account infrastructure for institutions and for everyday users, which is the groundwork for the forthcoming Gate iWeb3 report.
Reserves and Asset Security An account that holds users’ cash, crypto and investments, and pays out from them every day, only works if users trust the assets are there. Gate says it was the first exchange to launch 100% proof of reserves. Their latest report, published on 21st October, puts total reserves at $8.68 billion with an overall reserve ratio of 118%.
Licensing as the Moat For crypto exchanges, trading features can be easily shipped by a product team. But bank accounts and cards cannot as they require licenses and banking partners on a jurisdictional level, which is why Gate Money’s availability is region-dependent and its licensing stack would take a considerable amount of time to replicate.
The pairing that stands out is the MiCA and PSD2 licenses, both held in Malta, as they cover both the crypto side and the payment-account side of what Gate Money does in Europe.
The licenses determine where each feature can go live, while the partnerships, such as the one with Visa, determine how fast.
Conclusion Gate Money changes what a Gate account is for. Before, it was a place users came to trade. Now, it is built to be where they hold, receive, spend, invest and earn, across both crypto and fiat.
As digital assets and payment rails mature, the contest moves up a layer, to the account where people hold and spend their money. Gate Money is Gate's answer, built on an exchange account with 61M+ users, wired into Visa for spending and backed by licenses across several key jurisdictions.
The question for the foreseeable future is how quickly Gate Money’s bank account and card footprint expands, and whether Gate's users start treating it as their de facto money platform.
Google responds to PHP security vulnerability: Google Cloud itself does not contain any vulnerabilities, and customers should immediately upgrade to PHP 8.2 or later versions.
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Kalshi将支持加密资产抵押借款用于永续期货保证金
According to Bloomberg, prediction market platform Kalshi has struck a new deal with crypto asset custodian BitGo, allowing select clients to borrow funds using their custodied crypto assets as collateral, with the loan proceeds serving as margin for leveraged perpetual futures trading on Kalshi’s exchange. The arrangement is targeted at clients of Kalshi Prime, Kalshi’s U.S.-registered futures commission merchant, and adopts a tri-party collateral management structure. Loans are provided by Kalshi’s affiliated lending firm Kalshi Katalyst, while collateral assets are held at BitGo Bank & Trust. Eligible collateral includes Bitcoin, Ethereum, and stablecoins compliant with the GENIUS Act, with plans to integrate additional custodians in the future. Jeff Bandman, CEO of Kalshi Prime, stated that the setup enables clients to participate in trading without liquidating their crypto holdings, which may attract crypto-native trading firms and large digital asset holders (whales).
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Bitcoin ETFs see $33.88M outflow, Ethereum ETFs hit $384.13M weekly outflow
According to HTX market data, Bitcoin has broken through $84,000, with a 24-hour gain of 1.29%.
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Binance Wallet has launched PREDICT pre-market perpetual contracts, with up to 5x leverage available.
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According to HTX market data, Bitcoin has broken through $84,000, with a 24-hour gain of 1.29%.
6 minutes ago
A critical security vulnerability has been discovered in PHP, leading to the mass takedown of government websites across multiple European countries.
Due to a critical security vulnerability in the widely used PHP programming language, multiple government websites across Europe and other regions were forced to go offline on Wednesday, with site operators taking urgent measures to secure their systems. The PHP development team announced on local time Tuesday that two critical security flaws had been discovered, urging users to update immediately once patches were released. On Wednesday, the team confirmed that the new PHP version fixing the vulnerabilities was officially launched. However, amid reports that hackers were exploiting the flaws to breach websites, government agencies in the Netherlands, Finland and other countries had preemptively shut down some sites before the patch’s release. PHP is one of the most widely used programming languages on the internet, powering platforms including WordPress, Drupal, Joomla and Magento. According to web technology statistics firm W3Techs, roughly 75% of websites with identifiable programming languages use PHP. Around 43% of global websites are powered by WordPress, covering blogs, small business sites, government portals, e-commerce platforms and news sites. The security incident has triggered large-scale outages of websites across multiple European nations. Temporary shutdowns have affected sites including the Port of Rotterdam in the Netherlands, Dutch government portal Overheid.nl, the Royal Dutch Football Association, websites of the country’s five major political parties, and several hospital sites.
6 minutes ago
Binance Wallet has launched PREDICT pre-market perpetual contracts, with up to 5x leverage available.
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6 minutes ago
OpenAI: Cutting-Edge AI Model Discovers PHP Security Vulnerability Ahead of Attackers
OpenAI commented on PHP security vulnerabilities, stating that given their severity and PHP’s widespread adoption, the company considers this one of the most significant security vulnerabilities in recent years. OpenAI also said, “To our knowledge, advanced AI models discovered these vulnerabilities before attackers did.”
6 minutes ago
AI-generated code is being produced at a pace that outstrips testing capabilities: Blacksmith has raised $66 million in funding, hitting a $1 billion valuation.
Beating AI Insight News: AI code testing firm Blacksmith has closed a $66 million Series C funding round led by Sequoia Capital, valuing the startup at $1 billion. Founded in 2024, Blacksmith was valued at just $550 million when it completed its Series B round in March this year. Blacksmith specializes in testing code after it is generated by AI tools. Platforms like Claude Code and Codex can now produce large volumes of code rapidly, but this code cannot be deployed directly—it requires compilation and error testing. The faster code is generated, the more testing tasks are needed, leaving legacy systems unable to keep pace. Blacksmith provides dedicated servers to run these tests, cutting down long wait times for developers. The number of weekly code compilation and testing tasks Blacksmith handles has surged roughly 18-fold, rising from 5 million in January this year to over 90 million currently. Over the same period, the company’s annual recurring revenue (ARR) has grown 17 times, with more than 10,000 clients including LangChain and Granola. Blacksmith states its services double testing speed on average and reduce costs by 60%. Unlike traditional solutions that rely mainly on rented cloud servers, Blacksmith purchases its own servers and deploys them in data centers. Most of the funding from this round will go toward acquiring additional computing power, and the company plans to expand its computing capacity by at least five times by 2027.
6 minutes ago
Analysis: Since the second half of October, Bitcoin's returns have been primarily driven by the Asian trading session, while the European session has dragged down its overall performance.
Galaxy Research Head of Research Alex Thorn noted in a post that since the second half of October, Bitcoin’s returns have been primarily driven by the Asian trading session, while the European trading session has weighed on overall performance. The chart he shared shows that as of October 20, with October 1 as the starting point, Bitcoin’s cumulative return during the Asian trading session stood at 3.9%, versus 1.1% for the U.S. trading session and -5.5% for the European trading session. The buy-and-hold return for the same full period was -0.7%.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A technical failure on the XRP Ledger (XRPL) network that slowed transaction processing has turned into an open analysis of the protocol's architecture. David Schwartz, former Chief Technology Officer of Ripple and co-creator of the system, publicly named the blockchain's vulnerable points highlighted by the incident.
The problems began after the XRP Ledger Operations team recorded an anomaly: the network's ledgers started closing significantly slower than usual. While engineers searched for the cause of the delays, questions arose in the community about the reliability of the decentralized system. Users were concerned about whether the network could fail due to the overload of several key hubs. Schwartz stepped into the discussion to explain the real limits of XRPL's resilience.
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According to Schwartz's assessment, the XRP Ledger software is protected by a multi-layered security system. Nevertheless, in theory there are only two scenarios capable of completely paralyzing the entire network:
Mass infrastructure failure: a situation in which a huge number of validator servers around the world fail simultaneously. Such an outcome is possible only in the event of a global natural catastrophe, so developers consider it unlikely.
Consensus algorithm failure: an error in the very mechanism for reaching agreement between nodes, or the failure of another basic protocol function at the code level.
The recorded slowdown of rounds is direct evidence that the system's technological safety margins have decreased. Schwartz admitted that this is a marker that the network is either under a targeted attack or a hidden bug has been activated inside the code.
At the same time, the architect refuted rumors about the blockchain's vulnerability to single points of failure. The network is fully decentralized, so shutting down or overloading even a large hub (including his own node) has no effect on XRPL's overall operability and uptime.
How the creator of the network was left without logsThe main practical problem turned out to be the vulnerability of the network monitoring systems during peak loads. When consensus rounds slowed down, validators abruptly switched to maximum load. Schwartz's own node could not withstand the influx of requests, causing local RPC connections to hang in the CLOSE_WAIT state.
Official announcement of the XRP Ledger network slowdown, Source: XRP Ledger Operations / XBecause of this hang, Schwartz's internal monitoring system was unable to record and transmit diagnostic data at the most critical moment. As a result, the engineer had to reboot the server without understanding the exact cause of the failure.
During the discussion, it emerged that the hub of the XRPL co-creator was sending logs to an outdated test host of the XRP Ledger Foundation (XRPLF).
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Currently, the team of engineers and community operators is manually analyzing the surviving logs to isolate and completely eliminate the defect. Schwartz summarized that, despite the temporary reduction in safety margins, the team has no reason to panic. The developers are fully in control of the situation, and the code architecture has a sufficient technological reserve to keep the network operational.
As the US Securities and Exchange Commission’s (SEC) public comment window closed on October 20, 2026, for its proposed Regulation Crypto Assets, two industry voices submitted detailed feedback seeking refinements that would reduce uncertainty for token classification, distributions, and trading.
Bitwise Asset Management and the Hyperliquid Policy Center filed separate comment letters dated October 19, urging the agency to adjust the framework before any final vote.
The proposal, released earlier in the year, aims to create tailored exemptions for certain crypto fundraising activities.
These include a startup exemption capped at $5 million over up to four years and a broader fundraising exemption allowing up to $75 million in any 12-month period.
It also outlines a conditional safe harbor for tokens that are no longer tied to investment contracts, along with measures that would limit certain state-level registration requirements for qualifying purchasers.
Bitwise, which builds investment products such as indexes and exchange-traded products using crypto assets but does not issue tokens itself, focused on practical challenges faced by non-issuers.
In its letter, the firm argued that asset managers need a reliable, consistent method to decide whether a given crypto asset falls under securities laws.
That determination, Bitwise said, should rest on information that is publicly available rather than insider knowledge available only to the token issuer.
The company further requested clearer standards governing when managers can rely on an issuer’s Form TR filing—the document that would certify an investment contract has ended—and how to evaluate tokens in cases where no such filing has been made.
Without these clarifications, Bitwise noted, firms that construct products for investors face ongoing difficulty and cost in assessing legal risk.
Separately, the Hyperliquid Policy Center, which advocates for clearer pathways for on-chain markets, generally supported the proposal while recommending five specific changes.
The group contended that the proposed safe harbor could become available too late in a project’s development cycle and asked the SEC to expand its scope so that projects still building their systems can access protection without implicitly conceding that their tokens previously constituted investment contracts.
On airdrops, Hyperliquid urged the commission to embed its earlier March 2026 interpretive guidance directly into the final rule text.
Under that approach, a free token distribution would not involve an “investment of money” when recipients provide no tangible or definable consideration; routine administrative steps such as connecting a wallet or completing sanctions screening would not count as payment.
The center also sought guidance distinguishing programmatic or automated token buybacks that operate under fixed, published rules from discretionary ones controlled by a central party, and it pressed for explicit treatment of secondary-market activity.
In particular, it highlighted uncertainty over whether unregistered intermediaries may facilitate trades and whether tokens may move freely through on-chain protocols, recommending that the SEC use existing authority to grant conditional exemptions for qualifying secondary transactions, including those on decentralized venues.
Not all comments were supportive.
Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners submitted a letter calling for the proposal to be withdrawn.
They argued that the framework exceeds the agency’s statutory authority, that the existing Howey test already supplies an adequate legal standard, and that the exemptions and self-certification mechanism would weaken investor protections while inviting swift legal challenges.
With the comment period now closed, the SEC will evaluate the submissions and decide whether to revise, adopt, or abandon the rules. Any final version would still require a commission vote before taking effect. The outcome will shape how US projects structure token launches, distributions, and secondary liquidity in the coming years.
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.
Donald Trump is set to spotlight overseas crypto scams at a White House event on Wednesday, as Americans filed more than a million scam complaints with the FBI last year.
Key Takeaways
Crypto-related losses reported to FBI: $11.4 billion
Xinbi action: $52 million restrained, $12 million seized
Strike Force has restrained about $938 million
OneCoin victims waited until 2026 to file claims
Trump is expected to be joined by FBI Director Kash Patel, Attorney General Todd Blanche, Homeland Security Secretary Markwayne Mullin and Defense Secretary Pete Hegseth, a White House official told Reuters, with seizures of fraudulent crypto investment websites and action against impersonation scams on the agenda.
The event follows a March 6 executive order directing federal agencies to prioritize cyber-enabled fraud. One of the main enforcement vehicles is the Scam Center Strike Force, launched by U.S. Attorney Jeanine Pirro in Washington in November 2025, which had restrained about $938 million as of September. For anyone who lost money, the figure that matters is a different one: how much of it reaches victims.
The investment can be fake even when the crypto is real
To see why that number lags, start with where a victim’s money goes. The FBI’s 2025 Internet Crime Report describes how these schemes typically unfold: contact through a text, an ad, social media or a dating app, a move to a messaging service, investment guidance from a new acquaintance and, finally, a platform where the balance climbs day after day.
The deposits are real cryptocurrency, often bought on a legitimate exchange. The exchange did its job: the purchase cleared and the coins went to an address the scammers control. From that point, the growing balance on screen is invented, and getting the money back depends on someone freezing or seizing it before it moves again.
The warning sign often comes at withdrawal. The platform announces a tax, a fee or a verification deposit that must be paid before funds are released. A platform actually holding your money could deduct a fee from the balance. Demanding new money is how the scheme collects one more payment before going silent.
Crypto-related losses reported to the FBI reached about $11.4 billion in 2025. Investment fraud accounted for $7.2 billion of that, up 24% on the year, and crypto schemes made up 72% of the 72,984 investment-scam complaints. The Justice Department says the real figures are likely higher because many victims never report.
Scam operators rent the website and the laundering
Some of these operations are assembled from bought parts. On September 9, the Strike Force announced action against Xinbi Guarantee, which an unsealed seizure warrant describes as a Chinese-language Telegram marketplace where vendors sold custom scam investment websites, money laundering and recruitment of workers for scam compounds. Pirro likened it to buying a website and a laundering service “the way you order takeout.”
Xinbi also acted as guarantor. When a scam operator bought a service, Xinbi held the payment until the vendor delivered, which gave buyers confidence and left those payments in wallets Xinbi controlled. Investigators seized two of them, holding about $12 million, and sought restraints on 47 more tied to laundering vendors. More than $52 million was restrained across the network, and the Treasury Department sanctioned Xinbi the same day.
The DOJ credited Tether with proactive help. Tether can block USDT held at a specific address, while bitcoin has no issuer with that power and has to be seized from whoever controls the keys or from a custodian such as an exchange. For victims, that means stablecoin proceeds are generally easier for authorities to stop before they disappear.
Arrests follow a separate track. In the same announcement, the DOJ said a Strike Force team helped authorities in Madagascar take down 13 Chinese-run compounds, where nearly 400 people were arrested. At least 30 of them, identified as compound leaders, were repatriated to China by the Chinese government. Many people inside such compounds are trafficking victims themselves, so arrest totals can include the coerced as well as the organizers.
Frozen is not forfeited, and forfeited is not paid
For victims, the practical question about any enforcement headline is which stage it describes. The October 13 results from a joint operation focused on West Africa show how easily the numbers blur.
The DOJ reported 28 arrests and said companies including Meta, Google, Binance and Coinbase had removed more than 3.7 million accounts, Pages and Groups. Those accounts were linked to law enforcement impersonation, digital arrest extortion and other schemes as well as crypto investment fraud, so the total doesn’t tell you how many fake crypto platforms went offline.
The dollar figure needs the same care. Private-sector partners identified more than $11 million in potentially freezable funds, meaning money flagged for possible action. In Ghana, authorities identified 89 victims with losses of about $8.3 million. The release does not report any money returned to victims.
1
Removed. Websites, accounts or channels are taken offline. That stops new victims but returns nothing. Example: the October account removals.
2
Restrained or seized. Funds are frozen or moved into government custody, where owners and claimants can still contest them. Example: the Xinbi wallets.
3
Forfeited. A court gives the government final title to the assets. What to look for: a forfeiture notice published on forfeiture.gov.
4
Paid. Forfeited money is distributed to eligible victims through a remission process. What to look for: a petition form, eligibility rules and a filing deadline.
Money can make it through all four stages. The DOJ’s Money Laundering, Narcotics and Forfeiture Section says it has returned more than $12.5 billion in forfeited assets to crime victims since 2000. The process is slow, though. Investors in Ruja Ignatova’s OneCoin, which sold a fake cryptocurrency between 2014 and 2019, could only file remission petitions in 2026, with a June 30 deadline, after prosecutors in New York pursued forfeiture of the scheme’s proceeds.
Britain’s largest crypto seizure shows the same delay under different law. London police seized about 61,000 bitcoin linked to Zhimin Qian’s fraud in 2018, and the fight over who gets it was still unresolved in 2026, with investors in China challenging how compensation should work.
For Xinbi-linked funds, one concrete sign to watch is a forfeiture notice on forfeiture.gov. Without one, the restrained money is still a long way from victims.
The next message promising your money back
Enforcement announcements also give recovery scammers material. A White House event that names real seizures hands them a ready-made story: your funds were among those recovered, and a small fee will release them. The FBI warns that investment fraud victims can be targeted again by people offering to retrieve their losses.
Such messages may claim to come from the FBI, a law firm working with investigators or a blockchain tracing company, and may name a real case. A case the victim can look up makes the rest of the message easier to believe.
How a real DOJ claims process works
It can be checked on official DOJ websites
You file the petition yourself, no lawyer needed
There is no fee to file or take part
Filing does not guarantee payment
Signs of a recovery scam
Unsolicited contact saying your funds were found
An upfront fee, tax or release deposit
Claims of working with the FBI or IC3
Pressure to act fast or keep it private
The FBI’s Internet Crime Complaint Center says it does not work with private law firms or crypto recovery services, and its staff will never contact anyone directly to ask for information or money. Impersonation attempts can be reported on the IC3 website, including the address of any fake site. IC3 cannot respond to every complaint, and a report gives investigators evidence without any promise of a refund.
If a message tied to today’s crackdown says your money has been found, check the case on justice.gov before replying, and treat any request for payment as a reason to stop.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else.
It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other.
What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn?
He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
BitMEX founder Arthur Hayes announced in a post that Flop Labs' testnet and airdrop are set to launch in the coming weeks. He specifically warned that no FLOP token currently exists, and anyone claiming the token is already available is a scammer.
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.
Market commentator AltWolf has suggested that Cardano could climb toward $0.50, pointing to a long-term ascending trendline that has supported the token’s price since July.
AltWolf shared a daily ADA chart on X and suggested that the coin was heading toward the $0.50 target. Based on his outlook, Cardano is following a textbook technical setup that could support further gains if key support levels hold.
ADA Holds Above a Rising Trendline AltWolf’s chart shows Cardano following an ascending purple trendline that extends from its July lows near $0.14. Several red arrows highlight points where ADA rebounded after approaching this rising support level.
These repeated rebounds suggest that buyers have stepped in during previous pullbacks, helping Cardano maintain its upward structure throughout the period shown on the chart.
However, ADA recently retreated from its October peak near $0.28 and moved toward the ascending trendline around $0.21 to $0.22. The latest candles show the token trading near this support zone.
If the trendline continues to hold, Cardano could attempt another recovery. Conversely, a decisive break below this level would weaken the bullish setup and potentially expose ADA to further losses.
Two Key Resistance Levels The chart highlights two major resistance zones that Cardano must overcome to strengthen its recovery prospects.
The first lies around $0.23 to $0.24, where ADA encountered selling pressure this month. A sustained move above this range could signal improving bullish momentum and pave the way for a retest of the October highs.
Meanwhile, the second resistance zone sits around $0.28. Cardano faced selling pressure near this level earlier in October, making it another significant hurdle for buyers.
A breakout above both resistance zones would strengthen the case for further gains, although it would not guarantee that ADA would reach AltWolf’s $0.50 target.
AltWolf Cardano Chart At the current price of $0.2244, Cardano would need to rally 122.81% to reach $0.50. The last time ADA traded at $0.50 was in November 2025.
Contrasting Projections Nevertheless, AltWolf’s bullish outlook contrasts with warnings from other analysts who anticipate further downside pressure.
Crypto analyst Tony recently suggested that ADA could fall to $0.19 after failing to overcome resistance around $0.23. Similarly, Ali Martinez highlighted Cardano’s bearish SuperTrend indicator and relatively stable whale holdings, suggesting that the combination could precede another downward move toward $0.17.
Although AltWolf’s chart points to a potential recovery toward $0.50, Tony’s and Martinez’s analyses highlight the risks facing Cardano in the near term.
Ethereum Price hovered at $2,448.46 on Wednesday, rising 2.76% over 24 hours as the broader cryptocurrency market gained ground.
The overall crypto market capitalization rose by 2.49%, reaching $2.79 trillion during the same time, and major tokens gained.
Bitcoin was trading at $82,930, with a near-term bias being bullish, having recorded a slight recovery in the last session. XRP price mostly remained at 1.333 following a gain of over 2% the previous day.
Ethereum Schedules Glamsterdam Upgrade on Hoodi for October 26
Ethereum developers have scheduled Glamsterdam’s Hoodi testnet activation for October 26, 2026, with a higher gas limit. The Ethereum Foundation announced on October 16 that activation will be at 17:42:48 UTC, after the rollout of Sepolia on October 6.
Ethereum Sets October 26 for Glamsterdam Upgrade on Hoodi Testnet, Raising Gas Limit to 200 Million
The Ethereum Foundation announced that the Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42 UTC, raising its block gas limit to 200 million, matching Sepolia. The upgrade introduces enshrined proposer-builder separation (ePBS) and block-level access lists (BALs) to enable parallel transaction validation and improve Ethereum Layer 1 throughput, alongside revised gas pricing for state creation and data access.
— Wu Blockchain (@WuBlockchain) October 20, 2026
The block gas limit of Hoodi will be 200 million, equal to Sepolia, and increase the testing transaction processing capacity.
Glamsterdam proposes proposer-builder separation and block-level access lists, which are enshrined to enhance block production and allow parallel validations of transactions. The upgrade also changes the prices of gas to create blockchain state and to access stored data.
Execution and consensus clients require updating before they can be activated. These changes will be tested by developers on test networks before they can proceed, and the date to activate the Ethereum mainnet has not been decided yet.
Will Ethereum Price Hit $3K This Month?
ETH price rallied from its recent lows, with the $2,500 resistance level on the horizon. The $2,500 level marks the first major test because earlier trading repeatedly clustered around that area.
A four-hour close above this barrier could open a move toward $2,600, the next clearly marked resistance. And if the bullish trend continues, the ETH long-term prediction could rally to $3k.
Source: TradingView
The MACD line was at 4.51 and above the signal line of negative 3.41, and the histogram 7.92. The RSI, however, stayed above the 50 average and above the 50 level as it stood at 59. The area nearest to the marked support, $2,400, is the next closest marked support.
A prolonged decline below it may see the recent levels in the range of $2,320–$ 2,350 tested again. If more weakness occurs, $2,300 will be considered, but the chart does not confirm a support level there.
Ethereum Staking Hits Record 43.8 Million ETH
According to the Bitwise report, dated October 20, Ethereum also had a record 43.8 million ETH staked at the end of September.
Bitwise
Net inflows of 1.99 million ETH in Q3 led to Staked Ether accounting for 35.9% of the total supply. The rise represented the sixth quarter of Ethereum’s stake growth in the last six quarters. Meanwhile, the annualised staking yields fell slightly to 2.63%, from 2.81% in the previous quarter.
TLDR Kazakhstan’s Astana Financial Services Authority (AFSA) plans to send court orders to Apple and Google to restrict access to six crypto platforms. The platforms named are BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase and WEEX. Apple and Google become bound by the orders once they are formally served. Nine other platforms voluntarily restricted their apps in Kazakhstan, and AFSA withdrew its claims against them. AFSA has not confirmed that the orders have been served or that any app restrictions are in place. Kazakhstan’s financial regulator plans to send court orders to Apple and Google that would restrict mobile access to six crypto platforms, including Coinbase. The step brings app-store operators into the enforcement process alongside the crypto platforms themselves.
The Astana Financial Services Authority (AFSA) announced the plan on Oct. 20. The move is part of its enforcement against digital-asset services operating without authorization.
The orders cover services offered in the Astana International Financial Centre (AIFC), a financial jurisdiction in Kazakhstan, or to users located there.
Which Crypto Platforms Are Covered The orders name the operators of BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase and WEEX.
AFSA issued the original default judgment on Sept. 15. A default judgment is issued when a party does not respond in a case. A variation order followed on Sept. 18.
The variation removed LBank from the list after its operator reported remedial measures. AFSA said LBank independently blocked access to its services in Kazakhstan.
The restrictions bar providing, offering or marketing digital-asset services without authorization in the AIFC or to users there. They also ban distributing mobile apps through any platform to provide those services.
How the Orders Affect Apple and Google Once notice is served, Apple and Google become bound by the order as if they were parties to the case. The order also lets both companies ask for a change or have it set aside after they acknowledge service.
AFSA’s announcement says the orders “will be sent” to the operators of the Google Play and Apple App Store. The regulator has not confirmed that service has taken place.
For the six remaining platforms, AFSA said it will enforce access restrictions through the injunctions. Restrictions on app availability would affect one route users take to reach these services.
The order does not explain what technical steps the app stores will take. It also does not say where any restrictions would apply.
Nine other platforms voluntarily restricted access to their apps in Kazakhstan through both stores. AFSA withdrew its claims against them as a result.
Those nine platforms are a separate group from the six operators still covered by the orders.
AFSA said seven platforms plan to obtain licenses to operate digital-asset trading facilities.
The regulator said the proceedings follow warnings sent to more than 20 platforms in 2025. Court action began in early 2026.
Coinbase previously faced access restrictions in Kazakhstan in November 2023. The current plan adds a separate route focused on app distribution.
For users of the six platforms, the practical effect now depends on service and implementation. This includes the geographic settings of any app-store restrictions.
Aethir announces major ATH tokenomics update: Daily burn mechanism to launch in November, with burn amount directly linked to the network’s actual revenue.
Aethir today announced a major adjustment to its ATH token economic mechanism. Starting November 2026, the platform will burn a portion of daily network fees in ATH tokens, sending the burned tokens permanently to the public burn address 0x000...dEaD, with the burn volume fluctuating based on actual network computing power usage. Concurrently, fixed platform fees will be replaced with variable network fees, with rates calculated in real time via TWAP to reflect market conditions: rates drop and burn ratios rise during weak market periods. The Cloud Host emission schedule remains unaffected, with fees capped at a level that never exceeds the value of Host rewards. A burn dashboard will launch alongside the first burn, and the mechanism has passed CertiK’s audit.
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Meta Muse Exposes Privacy Vulnerability: Over 6,800 Chat Links Found via Search, Corporate Secrets Also Exposed
Beating AI Express: US cybersecurity firm Claroc has discovered that chat share links for Meta’s personal AI agent Muse can be bulk-retrieved by strangers. Researchers found over 6,800 share links after a single query to a DNS history database. After sampling hundreds of links, dozens of sensitive documents were uncovered, including internal corporate revenue reports, small business loan applications, and preparation materials for a candidate’s secret recruitment communication with a leading AI lab—even internal contacts and meeting times were exposed. When users share chats via Muse, the system generates a viewable webpage requiring no login, embedding the chat title and a random ID into the domain. Once someone opens the page, the full domain may be logged by third-party DNS services. Claroc directly searched these historical records to obtain share addresses that would otherwise be hard to guess. While Muse requests search engines not to crawl these pages, it cannot prevent domains from being logged by other services. Claroc reported the vulnerability to Meta as early as October 8 and published its research on October 18. It was not until October 20, after US tech media Ars Technica intervened to inquire, that Meta confirmed it had suspended the chat sharing feature. On the same day, Claroc rechecked 40 links that had previously been accessible without login and found they were all invalid, though the chat titles remained in DNS history records. Last month, Meta CEO Mark Zuckerberg had claimed that Muse was a product “designed from the ground up for privacy and security.”
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Predict.fun token is likely to launch on Aster’s pre-market at 8 PM tonight, offering up to 5x leverage.
According to information on the Aster platform, Predict.fun’s token PREDICT is now available in the trading list, with a maximum leverage of 5x. Per the platform’s prompts, the relevant trading is set to officially launch at 8 PM tonight.
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Binance will delist PTBUSDT and MITOUSDT USDT-margined perpetual contracts.
Per an official announcement, Binance will delist the PTBUSDT and MITOUSDT U-margined perpetual contract trading pairs at 17:00 (UTC+8 time) on October 23, following the completion of their automatic liquidation.
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Aethir Announces Major ATH Tokenomics Update: Daily Burn Mechanism to Launch in November, Burn Amount Directly Linked to Network’s Real Revenue.
Aethir today announced major adjustments to its ATH token economic mechanism. Starting November 2026, the platform will daily allocate a portion of network fees to burn ATH tokens, permanently sending the burned tokens to the public burn address (0x000...dEaD). The burn volume will fluctuate based on the network’s actual computing power usage. Meanwhile, fixed platform fees will be replaced with variable network fees, with rates adjusted in real time via TWAP (Time-Weighted Average Price) to reflect market conditions: rates will decrease during weak markets, while the burn proportion will rise. The Cloud Host emission schedule remains unaffected; fees are capped and will never exceed the value of Host rewards. A burn dashboard will launch alongside the first burn, and the mechanism has passed CertiK’s audit.
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Bitget Launchpool is set to list AXIS, with users locking BGB and AXIS to unlock 1.33 million AXIS tokens.
Bitget Launchpool is set to list Axis Robotics (AXIS), with a total prize pool of 1,333,333 AXIS. The lock-up period will be open from 21:00 UTC+8 on October 21 to 21:00 UTC+8 on October 28. This round of Launchpool offers two lock-up pools, with details as follows: BGB Lock-Up Pool: Total airdrop allocation: 1,133,333 AXIS; VIP user lock-up cap: 50,000 BGB; Regular user lock-up cap: 5,000 BGB. AXIS Lock-Up Pool: Total airdrop allocation: 200,000 AXIS; Individual lock-up cap: 3,333,333 AXIS.
TLDR LayerZero will launch its Zero mainnet and ATLAS trading infrastructure on November 30. Open ATLAS will debut with more than a dozen trading venues using a shared trading engine. Venues will get fee rebates of 20% to 65%, with the rest split between market makers and ZRO buybacks and burns. ATLAS is expected to handle about 200,000 transactions per second at launch. Anchorage Digital chose LayerZero’s token standard for bank-issued stablecoins, separate from the ATLAS launch. LayerZero has set November 30 as the launch date for its Zero mainnet and ATLAS trading infrastructure. The company said Open ATLAS will go live with more than a dozen trading venues at launch.
The date follows an announcement in August that moved the launch to later in the year. The plan brings order matching, clearing, and settlement together on one trading platform.
How ATLAS Will Work for Trading Venues Official documents describe ATLAS as a “headless exchange.” It does not offer a trading app for consumers. Instead, third-party venues handle user access, distribution, and trading interfaces.
The system splits trading into three roles. Venues bring in users, market creators set up markets, and market makers provide liquidity.
Supported assets include spot assets, perpetuals, equities, commodities, bonds, and prediction markets.
Open ATLAS is built for crypto use cases and for developers who want to build financial products. They can connect to existing markets or launch new ones. LayerZero said this removes the need to build a full trading backend.
An institutional version will run on the same trading engine and let institutions set market rules. However, the November release starts with Open ATLAS.
How ZRO Fees and Buybacks Will Be Split The token model ties ZRO to security, gas payments, and trading fee rebates. Venues can earn larger rebates by staking ZRO, through trading volume, or both.
Open ATLAS charges one trading fee. Venues receive rebates of 20% to 65% of that fee.
Of the amount left after the rebate, 25% goes to market makers. The other 75% is used to buy back and burn ZRO tokens.
For example, if a fee is $100 and the venue rebate is 20%, $80 remains. Of that, $20 goes to the market maker and $60 is used to buy ZRO.
LayerZero already runs a ZRO buyback program funded by Stargate revenue. According to a June token update, those purchases have taken place since April 2026.
The Zero network uses zero-knowledge proofs to separate transaction execution from verification. Block producers carry out the calculations, while validators check the proofs.
The network divides processing into separate environments called zones. ATLAS will run in its own zone, apart from payments and other uses.
LayerZero’s technical roadmap estimates each zone could support two million transactions per second. That figure is theoretical and has not been reached yet.
ATLAS documentation estimates a starting capacity of about 200,000 transactions per second. It also targets latency of under one millisecond in a public deployment.
Separately, Anchorage Digital recently chose LayerZero’s Omnichain Fungible Token standard. The standard will help bank-issued stablecoins move across different chains.
Anchorage said Tether’s USAT will be the first stablecoin issued on its platform with this feature. Its roadmap covers transfers among Ethereum, compatible chains, and Solana.
The bank partnership is separate from the ATLAS launch, which remains scheduled for November 30.
According to HTX market data, MEXC's platform token MX has plunged 15% to $1.695, likely impacted by MEXC's official announcement that it will cease services for users in Russia and Belarus. Earlier, crypto exchange MEXC released an official notice stating the move is a measure to strengthen its global compliance operations.
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Predict.fun token is likely to launch on Aster’s pre-market at 8 PM tonight, offering up to 5x leverage.
According to information on the Aster platform, Predict.fun’s token PREDICT is now available in the trading list, with a maximum leverage of 5x. Per the platform’s prompts, the relevant trading is set to officially launch at 8 PM tonight.
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Binance will delist PTBUSDT and MITOUSDT USDT-margined perpetual contracts.
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Bitget Launchpool is set to list AXIS, with users locking BGB and AXIS to unlock 1.33 million AXIS tokens.
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40 minutes ago, Kaito's multi-sig address transferred tokens worth $2.25 million, likely linked to a large token unlock.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), Kaito’s multi-sig address transferred 8 million KAITO tokens to address 0xd21…B2629 40 minutes ago, worth $2.25 million. The intermediate address previously received 7 million tokens from the same source three months prior, and the transfer is potentially tied to the large-scale token unlock scheduled for October 20. Per Kaito’s token unlock plan, the October 20 event will see an unlock of 12.1 million KAITO tokens, representing 5.01% of its circulating market cap.
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Tesla and Meta’s earnings reports are upcoming, with over 80% of participants in OKX’s earnings season forecasting the results will beat expectations.
MEXC announced yesterday it would halt services for users in Russia and Belarus, triggering a roughly 15% drop in its native platform token MX and sparking widespread debate in the crypto community. According to TradingBeats data, among major crypto exchanges, Russia is the top traffic source for Bybit, HTX, and MEXC, accounting for 23.94%, 13.76%, and 10.53% respectively. On Binance, the largest exchange by trading volume, Russian traffic ranks only third from the bottom, at 1.54%. U.S.-based compliant exchanges Coinbase and Kraken have the lowest share of Russian traffic, at just 0.24% and 0.16% respectively.
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Binance will delist PTBUSDT and MITOUSDT USDT-margined perpetual contracts.
Per an official announcement, Binance will delist the PTBUSDT and MITOUSDT U-margined perpetual contract trading pairs at 17:00 (UTC+8 time) on October 23, following the completion of their automatic liquidation.
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Aethir Announces Major ATH Tokenomics Update: Daily Burn Mechanism to Launch in November, Burn Amount Directly Linked to Network’s Real Revenue.
Aethir today announced major adjustments to its ATH token economic mechanism. Starting November 2026, the platform will daily allocate a portion of network fees to burn ATH tokens, permanently sending the burned tokens to the public burn address (0x000...dEaD). The burn volume will fluctuate based on the network’s actual computing power usage. Meanwhile, fixed platform fees will be replaced with variable network fees, with rates adjusted in real time via TWAP (Time-Weighted Average Price) to reflect market conditions: rates will decrease during weak markets, while the burn proportion will rise. The Cloud Host emission schedule remains unaffected; fees are capped and will never exceed the value of Host rewards. A burn dashboard will launch alongside the first burn, and the mechanism has passed CertiK’s audit.
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Bitget Launchpool is set to list AXIS, with users locking BGB and AXIS to unlock 1.33 million AXIS tokens.
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2 minutes ago
40 minutes ago, Kaito's multi-sig address transferred tokens worth $2.25 million, likely linked to a large token unlock.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), Kaito’s multi-sig address transferred 8 million KAITO tokens to address 0xd21…B2629 40 minutes ago, worth $2.25 million. The intermediate address previously received 7 million tokens from the same source three months prior, and the transfer is potentially tied to the large-scale token unlock scheduled for October 20. Per Kaito’s token unlock plan, the October 20 event will see an unlock of 12.1 million KAITO tokens, representing 5.01% of its circulating market cap.
2 minutes ago
Tesla and Meta’s earnings reports are upcoming, with over 80% of participants in OKX’s earnings season forecasting the results will beat expectations.
Bloomberg’s Joe Weisenthal has acknowledged a shift in his perspective on blockchain technology, expressing a newfound appreciation for neutral blockchains like Hyperliquid. In a recent statement, Weisenthal highlighted the potential for such platforms to unify traditional finance by serving as a general-purpose infrastructure layer. This sentiment aligns with the broader “blockchain, not Bitcoin” thesis, which emphasizes the use of blockchain technology for facilitating diverse financial markets rather than focusing solely on cryptocurrencies like Bitcoin. The recognition from a prominent financial commentator could influence market sentiment toward Hyperliquid, whose native token HYPE was around $79 with a market cap of $17.6 billion.
Key Takeaways
Joe Weisenthal’s remarks suggest a growing acceptance of neutral blockchains as key financial infrastructure.
The market pricing for Hyperliquid indicates a moderate increase in the likelihood of the token reaching $100 by year-end, currently priced at 43.5% YES.
The acknowledgment from a notable figure in finance may further bolster interest and support for platforms like Hyperliquid.
What to Watch
Market participants will be observing any subsequent remarks from financial commentators and institutions that could reinforce or challenge Weisenthal’s views. The performance of Hyperliquid’s HYPE token and its ability to attract traditional finance entities to its platform will be crucial indicators of future pricing trends. Developments such as strategic partnerships or new validator deployments could be consistent with scenarios where Hyperliquid’s token value approaches the $100 mark by the end of 2026.
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.
HYPE, the native token of the Hyperliquid decentralized exchange, is currently seeking to regain momentum after retreating from its September peak. Traders are closely observing whether the recent recovery off local lows can spur a stronger upward move toward a new all-time high.
Price action and technical levelsAs of the latest session, HYPE is trading at $80.14, recording a 0.33% increase during the most recent four-hour period on TradingView. Despite this uptick, the token remains below its previous record of $98. Market data shows HYPE’s open interest stands above $3 billion, indicating significant exposure to the asset remains.
The four-hour price chart shows the token recovering from support in the $76–$77 range and surpassing the midline Bollinger Band at $78.81. This move hints at improving short-term sentiment, but resistance at $80.55 continues to cap upside attempts. Should HYPE manage a clear move above $80.55, this could signal a reinforced rally; failure to break this level increases the risk of revisiting lower support zones.
Further resistance at $86.35 may come into play if buying momentum continues. However, HYPE must overcome both the $80.55 and $86.35 resistance barriers to approach its September high of $98 once more.
On the downside, immediate levels to monitor include $78.81 and $77.07, with a sustained break below $76 seen as a key risk for the ongoing recovery. Technical analysts regard these bands as essential triggers for short-term direction shifts.
Support levelsResistance levelsAll-time high$76, $77.07, $78.81$80.55, $86.35$98Derivatives and trading activityData from trading analytics platform CoinGlass recorded Hyperliquid’s open interest around $3.2 billion as of October 20. This figure remains steady even after HYPE retreated from its earlier surge, suggesting that major derivatives positions have yet to unwind. High open interest is often linked to larger price swings as leveraged trading amplifies volatility. However, the open interest data alone does not reveal whether traders predominantly favor bullish or bearish positions.
Trading volume analysis indicates that while August’s rally was accompanied by a notable increase in activity, the latest price recovery has not shown a similar rise in traded volumes. Technical analysts emphasize that an increase in trading activity accompanying a price breakout would provide stronger evidence for renewed demand.
Sustained low volume during price gains can signal caution, as rising prices unsupported by increased participation may lack conviction. Market watchers look for this confirmation when assessing the likelihood of a sustained rally.
Market catalysts and past performanceAccording to CoinGecko, HYPE posted a 40.5% surge within just four days in the third quarter of 2026 after Donald Trump stated that Michael Selig was working to bring Hyperliquid to the US market. Following this announcement, the token hit an all-time high of $98.
CoinGecko highlighted that the 40.5% jump reflected intense market interest triggered by high-profile endorsements and developments. Despite this, analysts underline that previous catalysts do not promise a repeat performance, with new highs depending on overcoming technical barriers and broader market conditions.
Hyperliquid is a decentralized exchange platform and protocol that enables the trading of cryptocurrencies through a non-custodial order book. It aims to offer efficient trading and deep liquidity without relying on centralized intermediaries.
Mini dictionary: Michael Selig, a prominent US lawyer specializing in digital assets regulation, is known for his work advising blockchain projects and exchanges navigating compliance issues.
CoinGecko’s report noted that HYPE soared 40.5% in four days after Donald Trump announced Michael Selig’s involvement in bringing Hyperliquid to the US, driving the token’s price to a record $98.
Currently, HYPE trades between resistance around $80.55 and support near $76. Clearing the immediate resistance levels, especially if paired with climbing volume, would bolster the chances of a renewed uptrend. Persistent weakness could open the door to further losses. In the context of ongoing volatility, traders remain attentive to price action and any coming announcements that could serve as market catalysts.
UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
10 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
10 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
10 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
10 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
10 minutes ago
Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
Hyperliquid [HYPE] is having a great run. But are darker times ahead?
A new money laundering report has given Hyperliquid some very awkward publicity. This happened in tandem with perps knocking on regulators’ doors.
Is Hyperliquid’s lead safe? Let’s take a look.
Hyperliquid earns $2.5M in a day!
The fee chart isn’t close at all.
Hyperliquid made $2.5 million in fees over 24 hours on 20th October. Lighter came second with $198K, and that was 12x lower!
Aster took third at $123K, and Jupiter perp was fourth at $102K. After that, Antartic, GMTrade, Nado, edgeX, GMX and Extended, all somewhere between $47K and $86K.
Source: X
Here’s what’s wild. Add up everypne from second to tenth place, and you get about $836K. Hyperliquid’s lead is solidified with its fees being 3x over all of the other names on the list… put together.
A money laundering scheme comes to light
Now, here’s where it gets messy.
ZachXBT, the on-chain sleuth, has been digging into something called FreedomXMR, or FXMR. It popped up on Hyperliquid Core in August 2026.
His verdict is that it is a laundering service, claiming that over 87% of the money coming into it might be tied to illicit activity.
Source: X
He went through past inflows bigger than $10,000 each. More than $20 million of that was traced back to ransomware, exploits, and social engineering scams. Names like DCENT Wallet, Fetch.ai, Axelar and Gamdom showed up in the mix.
It is reported that FXMR’s admin got their XMR from KuCoin. Addresses linked to them made over 3,000 deposits on the exchange.
For his part, the on-chain sleuth has passed all the on-chain data to the Hyperliquid team.
Now, this is a service running on Hyperliquid, not Hyperliquid itself. However, when you’re the biggest perp DEX in town, people are going to ask what you’re doing about it.
HPC asks the CFTC for compute perps
Meanwhile, perps are trying to go legit in the United States.
Hyperliquid Policy Center wants the CFTC to allow perps on compute, the chip power behind AI. The CFTC approved its first perp in May and started asking about compute in August.
Why bother? Compute prices swing a lot. Renting an NVIDIA H100 cost $2.50 to $3.19 an hour in late 2024. A year later, it had fallen to around $2. Data centers had no way to hedge that drop.
HPC will continue working with the Commission and its staff to give Americans access to onchain markets under American oversight.
And unlike oil, you can’t store compute. It’s used the hour it’s made, so the risk never takes a break. HPC believes that a contract with no expiry date fits that perfectly.
They referenced trade[XYZ]’s crude oil perps on Hyperliquid as an example.
Final Summary
Hyperliquid earned $2.5 million in fees in 24 hours!
Over $20 million was involved in hacks and scams, flowing through Hyperliquid Core.
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.
UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
10 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
10 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
10 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
10 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
10 minutes ago
Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
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.
UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
9 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
9 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
9 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
9 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
9 minutes ago
Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
9 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
9 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
9 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
9 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
9 minutes ago
Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
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.
UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
6 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
6 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
6 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
6 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
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Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
