Track market-moving stories before they get noisy

TLDR: The Cronos token burn removes 228 million CRO from the community pool. Community approval lifts this program to 428 million tokens.  All Ult and Cronos Launch revenue will fund CRO buybacks and monthly burns. Published transaction hashes allow public verification.  Staking rewards keep their current terms, with Strategic Reserve support maintaining payouts as emissions decline under existing policy.  CRO trades near $0.0669 after a roughly 1.56% daily gain. Future purchase amounts depend on product revenue and execution costs.  The Cronos token burn removed 228 million CRO from the community pool after voters approved two governance proposals. Cronos Network announced the decision on October 3, bringing burns under the community program to 428 million tokens. 

CRO traded near $0.0669, gaining approximately 1.56% over 24 hours, according to Coingecko market data. The destroyed tokens carried an estimated market value of about $15 million. 

The approved framework directs all revenue from Ult and Cronos Launch toward open market purchases and monthly burns. Cronos will publish transaction hashes, while staking rewards retain their existing terms and funding support through the Strategic Reserve. 

Cronos (CRO) Price Cronos token burn lifts community total to 428 million Proposal 36 authorized the latest community pool transfer to a burn address on Cronos POS. Four previous rounds each removed 50 million CRO, making this fifth round considerably larger. 

The Cronos token burn therefore exceeded the combined size of those earlier rounds by 28 million tokens. The 428 million total describes this community initiative, rather than every historical destruction of CRO.

The immediate operation used tokens already held by the community pool. It did not require purchasing the entire 228 million CRO from exchanges, an important distinction when assessing market demand. 

Future CRO buybacks introduce a separate source of purchases because they use product revenue to acquire tokens. Their size will vary with platform earnings and the market price when transactions execute.

Although the Cronos token burn reduces available supply, it does not establish a guaranteed price increase. Liquidity, demand, reserve distributions, and broader market conditions still influence how CRO trades.

Coingecko listed daily trading volume near $5.82 million and market capitalization around $3.31 billion. These figures show that the burn announcement arrived alongside relatively limited turnover compared with the token valuation. 

That leaves a practical distinction between governance approval and sustained trading interest. A smaller token supply alone cannot reveal whether demand will grow enough to support a lasting advance.

CRO Buybacks Tie Monthly Burns to Revenue From Trading Proposal 37 commits 100% of Ult and Cronos Launch revenue to token purchases and destruction. Cronos Labs says existing capital will cover operations, infrastructure, and growth spending instead of those product receipts. 

Both tokenomics proposals have passed.

228,000,000 CRO has been burned from the community pool, bringing the total to 428,000,000 CRO.

100% of Ult and Cronos Launch revenue will now buy CRO on the open market and burn it monthly, with every transaction hash published.

Staking… pic.twitter.com/vE5MBp9HeB

— Cronos Network (@CronosNetwork) October 3, 2026

The Cronos token burn framework links supply reduction directly to activity on both products. Ult generates trading revenue, while Cronos Launch collects fees associated with tokens created and traded through its launchpad.

Monthly burns provide a schedule for removing purchased tokens, and published transaction hashes allow independent verification. Community members can check execution amounts rather than relying solely on announcements about future commitments. 

Under the Cronos token burn plan, published records can help compare revenue commitments with the tokens actually purchased and destroyed. A transaction record verifies execution, while separate revenue reporting would explain whether purchases reflect all earnings from the two platforms.

The revenue percentage is fixed, but the purchase budget is not. As an illustration, $100,000 would acquire about 1.5 million CRO near $0.0669 before fees and execution costs.

That calculation highlights why product revenue remains a central measure for future CRO buybacks. More usage can generate larger purchases, although lower revenue would reduce the number of tokens acquired.

Staking rewards retain their current parameters, including existing lock periods and bonus structures. The Strategic Reserve will support payouts as emissions decline, keeping reward funding separate from revenue committed to monthly burns. 

The Cronos token burn does not change the review process for potential Crypto.com listings. The published strategy says qualifying tokens enter an ongoing assessment, with Crypto.com controlling criteria and final decisions. 

Cronos Launch opened on September 15, followed by Ult on September 17. The September governance document listed the purchasing contract as being developed. Subsequent execution hashes will show the amounts bought and burned.

Sat 03 Oct 2026 ▪ 7 min read ▪ by Evans S.

Summarize this article with:

Bitcoin reserves on exchanges have fallen to around 2.68 million BTC, their lowest level since 2023 according to CryptoQuant data. At the beginning of 2024, they were still close to 3.2 million BTC. The decline continued despite strong price fluctuations, until the 2025 rally and then the 2026 pullback. Less Bitcoin therefore remains directly available on trading platforms. An interesting signal, but not automatically bullish.

In Brief Exchanges now hold about 2.68 million Bitcoin. Reserves were still close to 3.2 million BTC at the start of 2024. The decline reduces the immediately available supply without guaranteeing a price increase. 2.68 Million Bitcoin Remain on Exchanges The trend is not new this week. Since spring, Bitcoin reserves on exchanges had already fallen to their lowest level since 2023. Nearly 100,000 BTC then left Binance, OKX, and Gemini in less than three months.

The movement continues. According to CryptoQuant, monitored platforms now hold about 2.68 million BTC. The “Exchange Reserve” indicator counts bitcoins in wallets identified as belonging to exchanges. A drop means that some coins leave these addresses to go elsewhere: personal wallet, custody service, institution, OTC structure, or another on-chain address.

At the start of 2024, the same indicator had reached about 3.2 million BTC while Bitcoin was still trading below $70,000.

Since then, the market has experienced several phases. Bitcoin surpassed $73,000 in 2024. It then reached a peak above $126,000 in 2025, before suffering a much larger correction in 2026. Exchange reserves have continued to follow an overall downward slope.

The price returned to around $85,000 in early October. That was not enough to massively send BTC back to platforms. On October 3rd, the overall reserve remained close to 2.68 million. For a holder who does not plan to sell, leaving their bitcoins on a platform is not essential. Moving to a personal wallet also reduces risk directly linked to the exchange.

Bitcoin in 2022 The events of 2022 had already accelerated this habit. But 2026 adds other players. US spot ETFs, publicly listed companies holding Bitcoin, and institutional custody services have profoundly changed how BTC circulate. A coin leaving Binance or Coinbase does not necessarily end up in a private individual’s personal wallet.

The contrast is visible with Binance. While the overall reserve drops, the largest crypto platform experienced the opposite movement in September. Its reserves reached about 702,900 BTC on September 19, according to CryptoQuant data cited by U.Today. It was their highest level of the year.

A platform can therefore fill up while the overall market empties. This is precisely what prevents reducing the figure of 2.68 million to a simple phrase like: “everyone is buying Bitcoin.” However, the underlying trend remains clear. There are fewer BTC on monitored exchanges today than at the beginning of 2024.

Less Available Bitcoin Does Not Necessarily Mean Shortage On paper, the mechanism seems simple. When an investor wants to quickly sell Bitcoin, they generally send their BTC to an exchange. When reserves strongly increase, more coins can theoretically come to the market.

Conversely, when bitcoins leave platforms, this immediately available reserve shrinks. CryptoQuant even describes the Exchange Reserve as a direct indicator of potentially available supply on the sellers’ side. A durable drop is historically associated with shifts towards off-exchange custody and potentially lower selling pressure.

But the important word remains “potential.” This summer showed this well. In August, 28,000 BTC had returned to exchanges in less than three weeks. This rebound had erased much of the accumulated drop during previous weeks.

Bitcoin had not therefore immediately entered a big selling phase. Exchange reserves measure asset location, not their owner’s exact intention.

The case of ETFs further complicates the reading. US spot Bitcoin ETFs attracted $2.65 billion net in September. It was their second-best month since October 2025. Institutional demand clearly rebounded while overall exchange reserves kept falling.

Yet, these funds do not operate like an individual opening Binance and immediately withdrawing BTC to a Ledger.

A significant part of their operations goes through institutional custodians and over-the-counter transactions. Movements thus do not always appear as expected in simple exchange reserve statistics.

Wallet Classification Analysis companies must identify which addresses belong to Binance, Coinbase, Kraken, or other exchanges. When a platform changes its custody architecture, creates new wallets, or moves assets between different structures, reading certain data can temporarily change.

This explains why absolute levels sometimes vary from one data provider to another. The signal remains useful. It simply should not be turned into a prediction. This caution is especially important today. Bitcoin just completed a very solid third quarter. The price gained more than 40% between July and September before settling around $83,000 to $87,000 at month-end. Meanwhile, CryptoQuant also noted profit-taking and some transfers back to exchanges.

Several movements coexist. Bitcoins overall leave platforms. Some actors send them back. ETFs attract capital again. Other investors take profits after the rally. The market does not move as a whole.

ETFs and Large Holders Change BTC Circulation The reserve decrease makes more sense when viewed over several years. Bitcoin’s market structure is no longer the same as in 2020 or 2021. US spot ETFs now hold a considerable amount of BTC. Companies have also accumulated significant reserves. Strategy, the largest publicly traded corporate holder, owned 847,666 BTC at the end of September after buying 1,665 more bitcoins for around $143 million.

These bitcoins are not used to feed daily order books on exchanges.

They can remain immobilized for long. Private individuals have also resumed their purchases. In the third quarter, they accumulated about 107,000 BTC while funds and ETFs temporarily reduced their positions.

The situation changed again in September with the return of inflows into ETFs. This is probably the most interesting part of today’s market: several buyer categories can take turns without the amount of Bitcoin on exchanges rising sustainably.

This naturally fuels the idea of a “supply shock.” The scenario is known. Bitcoin has a maximum supply of 21 million coins. Some BTC are lost or inactive for years. Other bitcoins are in ETFs, company treasuries, or long-term wallets. If the quantity available on exchanges decreases while demand rapidly rises, buyers theoretically must offer higher prices to find sellers.

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Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

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

In the past week, DogeOS launched a public test network for Ethereum-style trading, lending and other applications using DOGE, an attempt to give Dogecoin holders more ways to use their coins beyond payments and price speculation.

Dogecoin Foundation director Timothy Stebbing highlighted this milestone in a recent X post, noting an "absolute avalanche" of new projects building on the Doge/EVM chain.

In the last week we've seen @DogeOS go live with their public testnet and an absolute avalanche of new projects building on their doge/EVM chain, and then Metallicus launched DogecoinVM which bridges Dogecoin to their Metal network.

There are more options than ever to build…

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— Timothy Stebbing (@tjstebbing) October 3, 2026 Describing itself as the app layer for Dogecoin, DogeOS was founded by the team behind MyDoge, a Dogecoin wallet, and allows developers to use familiar software to build applications by leveraging Ethereum compatibility.

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Along similar lines, Metallicus launched DogecoinVM, which bridges Dogecoin to the Metal network. DogecoinVM is described as a DOGE-compatible ledger on the Metal Blockchain. While Dogecoin itself does not change, what changes is the speed and interoperability, making Dogecoin 300x faster with instant finality.

The recent developments, according to Stebbing, imply there are more options than ever to build amazing solutions on Dogecoin, a positive for the network.

Dogecoin eyes first 2026 daily golden crossIn a positive price development, Dogecoin is on track for a golden cross on its daily chart as the MA 50, and MA 200 are set to converge. If confirmed, this will be Dogecoin's first golden cross of 2026.

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This development remains significant for Dogecoin, which last saw a golden cross more than a year ago. Dogecoin's last golden cross was in August 2025 and one month later, in September 2025, it rose to a high of $0.30.

Dogecoin was trading down on a daily and a weekly basis to $0.093 alongside the rest of the crypto market as a weaker-than-expected September jobs report altered traders' outlook for a rate hike by the Federal Reserve in October, which is now seen as extremely unlikely.

Investors are still pricing in that the Fed might hike interest rates in December. The decision on the next interest rate will be announced at the end of a two-day policy meeting on October 28.

BlackRock has expanded its position in the cryptocurrency market by adding $1.57 billion in Bitcoin to its portfolio over the past month, bringing its total holdings to 801,769 BTC. This increase follows a series of substantial inflows into the company’s flagship spot Bitcoin ETF.

Strategic accumulation amid positive momentumRecent data from Arkham Intelligence indicates that BlackRock has consistently acquired Bitcoin during most ETF trading sessions in the last month. The latest addition of $195.6 million worth of BTC followed a sharp rebound in Bitcoin’s price, which climbed above $84,000. This market uptick appears to have reignited institutional demand for the asset.

In light of this surge, a sequence of large transactions was observed, with Bitcoin moved in batches of 300 BTC from a Coinbase hot wallet to an address linked to BlackRock. These transfers were highlighted as part of BlackRock’s effort to bolster its Bitcoin reserves.

Arkham Intelligence data highlights that after the latest $1.57 billion in purchases, BlackRock’s Bitcoin holdings rose to 801,769 BTC, now valued at about $67.87 billion based on current market prices.

Bitcoin dominance in BlackRock’s crypto portfolioBlackRock’s spot Bitcoin ETF, IBIT, has continued to attract substantial capital, further strengthening the company’s role as a major player in the Bitcoin ETF landscape. The firm’s aggressive Bitcoin acquisitions reflect growing investor confidence in the asset class during recent market rallies.

The firm’s tracked crypto portfolio is dominated by Bitcoin, which makes up more than 87% of its total holdings. According to current data, Ethereum is the next largest component, accounting for $10.06 billion of BlackRock’s $77.93 billion in digital assets.

Bitcoin now represents the most significant portion of BlackRock’s holdings, while Ethereum trails as the second-largest position in its expansive crypto portfolio.

Efficiency and institutional demand shape new investor toolsAs institutions increase their exposure to crypto with moves like BlackRock’s latest purchases, rapid price changes driven by events such as central bank decisions or the listing of popular alternative coins reinforce the need for efficient portfolio management tools. In this environment, smart investors are seeking unified platforms to stay ahead. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.

With major players like BlackRock significantly increasing their exposure to Bitcoin, the wider market’s focus has increased on tools that offer a comprehensive and real-time overview of crypto assets, enabling both institutional and individual participants to navigate this rapidly evolving landscape efficiently.

Ripple has announced that the Swell 2026 event in New York will bring together senior leaders from major financial institutions, including BNY, Intercontinental Exchange (ICE), TD Securities, and Robinhood. The conference, set to attract approximately 1,500 participants, will for the first time integrate Swell, the Apex summit focused on XRP Ledger technology, and UBRI Connect, an academic blockchain initiative, into a single event.

Prominent Financial Leaders to Discuss Industry TransformationThe event’s guest list reflects Ripple’s ambition to strengthen connections across various areas of traditional and digital finance. Each institution is positioned to address distinct elements such as custody, trading, liquidity, stablecoins, tokenized securities, and broad consumer access.

Representing Bank of New York Mellon (BNY), Laide Majiyagbe is scheduled to lead a discussion on how tokenized money-market funds, stablecoins, liquidity, and settlement innovations are influencing institutional markets. This collaboration between Ripple and BNY has moved beyond discussion; BNY was chosen as the primary custodian for RLUSD reserves, with this arrangement beginning in 2025.

Ripple’s RLUSD reserves have recently grown to about $2.53 billion, with a circulating supply now over $2.4 billion, enhancing the importance of BNY’s custodial role.

Ripple aims to connect diverse sectors of finance, from custody and stablecoins to trading, onchain securities, and consumer access, by assembling industry leaders from global banks, exchanges, and fintech platforms.

ICE, a global operator of financial exchanges and clearing houses and parent company of the New York Stock Exchange, adds perspective on market infrastructure. Michael Blaugrund, ICE’s Vice President of Strategic Initiatives and a former NYSE Chief Operating Officer, will speak on institutional adoption of tokenized equities, digital funds, and collateral management.

Mini dictionary: RLUSD, acronym for Ripple Liquidity USD, is Ripple’s institutional-grade stablecoin designed for settlement and liquidity purposes in digital asset markets.

TD Securities and Robinhood Extend the ConversationTD Securities, a Canadian investment bank and capital markets firm, will also participate through Elizabeth St-Onge, who is set to join a panel exploring the future of digital currency models. The discussion will consider whether market dominance will rest with single-issuer stablecoins or consortium-driven approaches.

Ripple’s RLUSD has become increasingly embedded in institutional liquidity solutions, including payments, tokenized assets, and prospective lending structures on the XRP Ledger (XRPL).

Robinhood, a US-based trading platform known for providing retail access to stocks and cryptocurrencies, will be represented by its Head of Crypto, Johann Kerbrat. He and Ripple President Monica Long will examine the growing convergence between retail and institutional participation in the digital asset ecosystem.

Industry experts from major banks, trading houses, and platforms will address how stablecoins and tokenized assets are reshaping liquidity, access, and market structure.

Ripple recently returned 700 million XRP, valued at more than $1 billion, to escrow accounts following the scheduled October token release. This move has put renewed focus on both XRP’s available supply and its short-term price trend.

XRP price hovers near key resistanceXRP traded at approximately $1.49 in early October, with the price repeatedly testing the $1.55 range but struggling to hold above it. Technical analysts have highlighted the $1.54 to $1.59 zone as an area of significant selling pressure. Analysts such as Xaif Crypto have identified resistance in this band and see support between $1.44 and $1.47.

According to Xaif Crypto, a decisive move above $1.54 to $1.56 could signal a stronger short-term recovery for XRP, while a drop below support could trigger a deeper decline. On the upside, a sustained breakthrough above the resistance zone may attract further buying interest.

XRP’s near-term outlook depends on how it handles the $1.59 barrier, which several analysts see as defining the next momentum shift.

Another chart review by TheaG_eii singles out $1.59 as a trigger for a potential momentum change, defining the $1.54 to $1.59 region as a supply zone. The analysis also points to $1.39 and $1.29 as areas of interest if XRP faces rejection at resistance.

In recent weeks, XRP’s price climbed as high as $1.65 on September 23 and $1.62 on September 25 but retreated to around $1.50, demonstrating the difficulty of holding gains above resistance levels.

A daily or weekly close above $1.59 would be a clear technical signal, while the market remains confined by established overhead resistance and the $1.44 to $1.47 support band for now.

LevelSupportResistanceCurrent$1.44–$1.47$1.54–$1.59Potential breakout$1.39, $1.29$1.70, $1.75Ripple returns 700 million XRP to escrowRipple, a financial technology company known for its global payments network, conducted its monthly scheduled XRP escrow transactions at the start of October. The company initially unlocked 1 billion XRP in four separate transactions: 400 million, 200 million, 300 million, and 100 million tokens. Shortly after, Ripple returned 700 million tokens—valued at $1.05 billion based on market prices—to new escrow contracts, executed in two large tranches of 400 million and 300 million tokens.

This activity forms part of Ripple’s long-standing escrow system, initiated in 2017, which unlocks up to 1 billion XRP at the start of each month. Historically, the company returns a substantial portion of these tokens to escrow, smoothing out the impact on circulating supply.

Following the October activity, about 31.845 billion XRP remained in escrow, according to estimates by TheStreet. Out of the 1 billion tokens released, 300 million were left outside escrow contracts. As a result, the latest monthly release did not directly inject the entire $1 billion amount into the market.

Ripple’s predictable monthly transactions are closely watched by traders, who see the net change in circulating supply as more significant than the gross tokens unlocked each month.

Mini dictionary: Ripple, a US-based technology company, is best known for its XRP Ledger and software solutions aimed at simplifying cross-border payments for financial institutions.

XRP price scenarios in focusWith XRP trading near $1.49, the market is closely monitoring whether buyers can push the token above the $1.59 technical barrier, as recent attempts around $1.55 have not held. Xaif Crypto suggests that a move above resistance could send the price toward $1.75, while CarolinaTCWNL outlines a sequence of targets at $1.43, $1.50, $1.58, $1.62, and $1.75 following the market’s rejection near $1.70.

If XRP closes above $1.59 on a daily or weekly basis, analysts argue it would mark a significant shift, confirming support at previous resistance and opening the door for further upside.

However, until such a breakout is confirmed, the $1.44 to $1.47 range will remain a critical support area. A decline below this band could prompt a shift toward lower support zones, as identified by technical observers.

Ripple’s escrow transaction lowers the immediate impact of October’s token release on circulating supply, though 300 million tokens remain outside of escrow and could affect short-term liquidity. Market participants are therefore focused primarily on price chart patterns and whether the $1.59 level will act as a ceiling or give way to renewed buying momentum.

Ethereum (ETH) is currently priced at approximately $2,682, which marks a monthly increase of about 10%. However, the asset is still trading 46% below its all-time high of $4,953. Recent price movements have established a short-term range, with buyers repeatedly defending the $2,650 level, while sellers are consistently active between $2,775 and $2,800.

Technical levels and resistance zonesOn October 2, ETH made an unsuccessful attempt to break above $2,775 before retreating toward $2,650. This price activity continues to reinforce the upper $2,700s as a key resistance area in the near term.

Coinpaper, a digital asset market research firm, previously highlighted a $2,800 breakout as the critical level Ethereum would need to convert to support before targeting the $3,000 mark, which is considered a significant psychological barrier for traders.

The immediate technical structure for ETH now presents a direct path: holding support at $2,650, breaking out above $2,800, and aiming for $3,000. If Ethereum manages to surpass this milestone, the $3,050 area stands as the next resistance.

LevelRole$2,650Support$2,775–$2,800Resistance$3,000Psychological target$3,050Next resistance Ethereum continues to face strong selling pressure in the $2,775 to $2,800 range, and has yet to confirm a sustained breakout above $2,800, according to recent technical analysis from Coinpaper.

Glamsterdam upgrade and upcoming catalystsThe next update for the network, called the Glamsterdam upgrade, is scheduled to launch on the Sepolia testnet on October 6. This upgrade introduces significant changes to block construction, gas pricing, and Layer-1 scaling, paving the way for improved performance in future mainnet releases. The Ethereum Foundation, which is responsible for overseeing the development of Ethereum, has not yet set an official date for the mainnet deployment.

Mini dictionary: Sepolia testnet, an Ethereum test environment where developers deploy and test upgrades or applications before mainnet release. Testnets like Sepolia help identify issues without affecting real assets or network operations.

Glamsterdam is expected to address some of Ethereum’s longstanding challenges, including efficiency in block creation and gas fees, and to prepare the network for further scaling solutions.

The Ethereum Foundation stated there is no finalized date yet for deploying the Glamsterdam upgrade to mainnet, but preparations on testnets are actively progressing.

ETF flows and supply trendsIn the investment products space, U.S. spot Ethereum exchange-traded funds (ETFs) registered notable outflows in recent days. According to Farside Investors, these funds saw $59.6 million of outflows on September 30, followed by another $55.4 million on October 1 and $17.3 million on October 2. This marks a reversal following a period of inflows noted in late September.

Despite the recent negative ETF flows, on-chain indicators remain positive for the longer term. Earlier this month, exchange reserves of ETH fell to multi-year lows, while staking activity continued to reduce the available circulating supply. These trends suggest a tighter supply landscape, which could impact future price dynamics if demand rises.

Cardano’s DEX activity has accelerated sharply over the past week, with trading volume posting a triple-digit increase alongside broader growth in network activity and stablecoin liquidity.

DeFiLlama data shows that Cardano’s decentralized exchange volume reached $37.14 million over the past seven days, representing a 112% increase during the period. The network recorded its strongest daily activity on October 1, when DEX volume climbed to $11.74 million. 

Trading activity remained elevated over the following 24 hours, with Cardano recording another $7.08 million in DEX volume. 

Cardano DEX Volume SundaeSwap Leads Cardano DEX Activity Top decentralized exchange SundaeSwap accounted for most of Cardano’s DEX trading activity during the seven days.

DeFiLlama data shows that SundaeSwap processed $23.51 million in spot volume, putting it well ahead of other DEXes operating on the network. Minswap followed with $6.59 million in trading volume.

Other protocols also contributed to the increase. Dano Finance recorded around $5.17 million, while WingRiders processed $1.8 million. Splash Protocol, Saturn Swap, and MeuliSwap recorded about $31,351, $25,855, and $8,349, respectively.

The distribution indicates that while a few established platforms account for most of Cardano’s DEX activity, trading is also taking place across several smaller protocols. 

Cardano DEX Performance Cardano Blockchain Activity Also Picks Up The increase in DEX activity coincides with stronger on-chain activity across the Cardano network.

According to data from Chainspect, Cardano processed 222,000 transactions over the past seven days, representing a 5.7% increase from the previous period. Transaction activity also reached its weekly peak on October 1.

On that day, Cardano processed 43,181 transactions, coinciding with the network’s highest DEX volume of the week at $11.74 million.

Activity has since moderated slightly. Over the past 24 hours, the network processed 37,300 transactions, down 13.52% from the previous day. Despite the short-term decline, Cardano has now processed 124 million transactions since its inception.

Stablecoin Liquidity Strengthens Cardano’s stablecoin market has also expanded alongside the increase in decentralized trading.

The network’s stablecoin market cap has risen by more than 24% over the past seven days to $67.03 million. USDCx represents roughly 69% of that total, making it the dominant stablecoin by market cap on the network.

Meanwhile, Cardano’s total value locked (TVL) across its decentralized finance ecosystem stands at $65.44 million, according to DeFiLlama data. The figure has increased by about 0.15% over the past 24 hours.

The combination of higher DEX volume, increased transaction activity, and growing stablecoin liquidity points to a broader increase in activity across Cardano’s DeFi ecosystem. 

@chainlink's on-chain reserve is growing at a pace that is becoming hard to ignore. As of early October 2026, the official reserve holds approximately 6.12 million $LINK tokens, valued at around $88 million, accumulated entirely through weekly purchases since the program launched in August 2025.

How the Reserve Works Rather than executing a traditional open-market buyback,

That combination of steady buying and a no-sell policy means every week adds net pressure on circulating supply.

A Reserve That Has Scaled Quickly The growth trajectory has been steep.

For context, The pace has continued to accelerate since then.

The broader question this raises for the industry is a fair one: how many crypto projects are sitting on real protocol revenue that could be recycled back into their own token in a similarly structured, transparent way? Chainlink is making a compelling case for what disciplined, revenue-backed accumulation looks like in practice.

Sources:
Chainlink Quarterly Review: Q1 2026 (Official Chainlink Blog)
Chainlink Reserve Tops 6 Million LINK (CryptoTicker)
Chainlink Launches On-Chain Reserve to Buy Back LINK Tokens (The Defiant)

South Korea is on the news again as it moves its tokenization plans from pilot products toward regulated securities markets. In the light of this, a new framework is in place set to start on the 4th of February 2027.

The shift allows the use of blockchain technology to issue and circulate stocks, bonds, and other fund offerings. As such, it adds many more types of financial instruments that can be issued via a blockchain.

Moreover, the Korea Securities Depository (KSD) will serve as the central anchor point to connect the traditional financial system to distributed ledger technology. Avalanche [AVAX] may have an opportunity to benefit from this.

This is because KSD is already working to establish a connection to Avalanche’s decentralized network.

Source: X South Korea’s stock exchange exceeds $5 trillion. While the roll-out will begin with some specific asset classes, eventually the rest will follow.

Still, regulators will need time to verify the effectiveness of the infrastructure and the adequacy of investor protection mechanisms prior to allowing for full implementation.

Tokenized stocks gain ground on Avalanche Meanwhile, Avalanche has already shown strong interest in tokenized stocks, with significant trading volume before South Korea’s framework goes live. In September alone, the altcoin’s tokenized stock market cap grew by $245.5 million.

This was the largest single contributor across all other blockchain systems.

Precisely, most of this growth came from Securitize, which provided institutional support to the expansion. Furthermore, the last week of September saw over $131.2 million in tokenized stock inflows on Avalanche.

Source: Avalanche This demonstrates that investors are actually buying tokenized stocks and not just raising awareness. As such, it provides a real-world model of what can happen when tokenized equities have a regulatory framework in place in South Korea.

Furthermore, given KSD’s plans for connecting blockchains in South Korea, the potential exists for Avalanche to attract some portion of institutional investment related to these new listings.

Can South Korea accelerate institutional tokenization? South Korea’s institutional momentum is transitioning from that of creating physical infrastructure to that of creating the first customers for tokenized security.

In February, the initial focus of the rollout will be on directing private money market fund (MMF) and corporate bond issuances to institutional investors.

In this way, banks and asset managers will have the ability to conduct testing of the entire lifecycle of issuing, owning, and settling tokenized securities within a controlled environment. Notably, twelve brokerages have signed on to join the KoSTO platform.

Meanwhile, KB Securities is integrating the Securitize and Optimism [OP] platforms into its existing relationship with institutional investors.

If institutions begin holding and transferring these assets, tokenization could gain a stronger market base. That would also accelerate Korea’s integration with global on-chain capital markets.

Final Summary Avalanche gains tokenized-stock momentum as September growth strengthens its institutional appeal. AVAX could benefit as South Korea expands regulated tokenization and institutional on-chain adoption.

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

Amid Shibarium speculation, Shiba Inu developer Kaal Dhairya has broken months of relative silence on X with a brief reply: "Yours truly."

Before now Dhairya last posted on X on July 25, when he reacted to Shiba Inu's price rise, maintaining months of silence, similar to Shiba Inu lead ambassador Shytoshi Kusama, who last posted or interacted on X on May 13.

The Shiba Inu developer's response comes after an X user raised an interesting question about the cost of maintaining a Layer 2 network.

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Citing Ethereum Layer 2 network Blast's decision to wind down operations, X user Ed Salomons asked who is paying for the hardening, updates, and ongoing maintenance of Shibarium. Dhairya replied, "Yours truly."

Ethereum Layer 2 chain Blast announced that it would wind down its network because operating costs exceeded revenue and the project saw no credible path to economic sustainability. Blast users have been given until Oct. 26 to withdraw assets through its interface.

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This development raised concerns about Shibarium being an Ethereum Layer 2 itself. Dhairya's response shows that Shibarium isn't abandoned, but it doesn't provide details on the amount being spent, the specific entities involved, or the long-term funding structure supporting the network.

Shibarium abandoned?Shibarium continues to receive infrastructure attention. As reported, an update attributed to Dhairya said a Shibarium reorg had been resolved, with the remaining step involving DRPC completing its transition to the network's new environment.

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In late 2025, old public RPC endpoints connecting to Shibarium were shut down as part of a migration to a new, official, more stable, and decentralized RPC infrastructure.

Last month, Shiba Inu community member Mazrael informed Shibarium node operators of a peer rotation as new Bor static nodes and Heimdall persistent_peers were published, with the old set now obsolete. The Shibarium RPC listing was also refreshed in the ethereum-lists/chains registry, with updated connection details made available on Chainlist.

The Shibarium explorer Shibariumscan reports an ongoing reindexing of the chain, with 54% of blocks currently indexed.

@OKX has listed @quantnetwork's $QNT token for perpetual futures trading, pairing it against @Tether's $USDT. The contract went live at 08:00 UTC on October 1, 2026, and is accessible across OKX's web platform, app, and API, subject to regional availability.

Contract Details and Leverage The new QUANT/USDT perpetual contract uses the QUANT/USDT index as its underlying price reference and settles in USDT.

What Is Driving the QNT Momentum The OKX listing arrives at a remarkable moment for Quant Network.

That announcement sent $QNT sharply higher. The OKX perps listing adds another layer of institutional visibility to a token that has been stacking positive catalysts throughout 2026.

With a major US banking mandate confirmed, an exchange listing streak gathering pace, and perpetuals now live on one of the world's largest crypto platforms, the project's near-term narrative shows little sign of slowing.

Sources:
OKX: QUANT/USDT Perpetual Futures Listing Announcement
Crypto.news: QNT Gets 50x OKX Futures After 178% Weekly Rally
The Crypto Basic: The Clearing House Explains Why It Chose Quant

Most meme coin treasuries do one thing: sit there. RunUp’s RUNNER token has decided its treasury should trade instead.

The project announced that the first perpetual treasury on Injective is now live. It opened with a $9,086 INJ position at 2x leverage, and all profits are slated to go toward buying back and burning RUNNER.

How the RUNNER treasury works The setup is simple to describe. RUNNER’s treasury holds a fixed 2x long position in INJ, the native token of the Injective blockchain.

A 2x long means the treasury gains or loses roughly twice what INJ moves. If INJ rises, the position profits faster than simply holding it would. If INJ falls, losses arrive faster too.

The trades run through Injective’s Request for Quote, or RFQ, system. In an RFQ model, a trader asks for a price and market makers respond with quotes, rather than the order hitting a public order book directly.

The treasury uses profits to purchase RUNNER on the open market and permanently destroy those tokens, reducing how many exist.

The launch numbers RunUp launched on October 1, 2026, with public trading of RUNNER starting that same day. Before going public, the project ran a whitelist phase with 333 spots.

Interest appears to have outrun those spots by a wide margin. The research points to more than 10,000 to 15,000 sign-ups.

RUNNER has a total supply capped at 1 billion tokens. The allocation breaks down like this:

27.5% to whitelist participants 41.5% to the public bonding curve 26% to the liquidity pool 5% to an airdrop The treasury itself gets funded at a specific milestone. When RUNNER hits its target breakout point, set at around $81K fully diluted valuation, launch capital is divided 85% to liquidity and 15% to the perpetual treasury.

Governance sign-off from Injective RunUp went through Injective’s governance process and received approval via Proposal #704. That vote covered RunUp’s Native Factory and Native Treasury contracts. The factory handles token creation, while the treasury contract manages the on-chain futures positions.

What this means for RUNNER holders and Injective For RUNNER holders, the treasury creates a direct link between INJ price action and RUNNER’s supply. A rising INJ could fund buybacks, while a falling INJ could leave the treasury with nothing to burn.

Leverage adds a sharper edge to that relationship. A 2x position can be squeezed hard in a fast drawdown, and a treasury of this size has limited room to absorb losses. Holders should treat the buy and burn as conditional on profits, because that is exactly how it was described.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

A sharp divergence has emerged in the crypto market between Evernorth’s new treasury stock, XRPN, and the underlying XRP token. On October 2, crypto commentator Nate observed that XRPN, the stock associated with Evernorth’s XRP holdings, soared by 68.25% in a single day and posted a 272.6% increase on the week.

XRPN listing triggers market disconnectEvernorth Holdings, a digital asset treasury company focused on XRP, recently completed a merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC). Armada shareholders voted to approve the business combination on September 30, and the announcement followed on October 1. XRPN, now listed on Nasdaq, is scheduled to officially begin trading on October 8.

Evernorth holds the position as the largest XRP treasury among public companies, managing approximately 473 million XRP. The firm’s backers include Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The deal raised over $1 billion in new funds for Evernorth’s operations.

Unlike passive crypto funds, Evernorth aims to actively manage its substantial XRP assets through lending, liquidity provision, and participation in on-chain projects. The management’s objective is to grow the amount of XRP per share with an active strategy rather than simple holding.

Mini dictionary: SPAC (Special Purpose Acquisition Company), a publicly traded company created to merge with or acquire a private company, enabling the target to be publicly listed more quickly than through a traditional IPO.

XRP price drops despite positive newsWhile news of Evernorth’s public listing would be expected to bolster XRP’s price, the token declined by 2.67% to $1.46, trading on $4 billion in 24-hour volume. Market participants voiced their frustration at this counterintuitive move, as Evernorth’s concentrated XRP holdings and institutional backing were considered positive drivers.

XRPN’s stock soared before trading had even officially begun, while XRP slipped in value despite news that could have increased institutional demand.

Evernorth’s listing theoretically simplifies institutional access to XRP by enabling traditional investors to gain exposure through regulated stock markets, without needing to hold the token directly. This increased visibility was anticipated to generate additional demand and price support for XRP.

AssetOne-day changeHeld by EvernorthCurrent statusXRPN (Nasdaq)+68.25%N/A (Stock represents XRP holding)Will begin trading Oct 8XRP (token)-2.67%473 million (held by Evernorth)Actively tradingCommunity reaction and skepticismThe sudden rise in XRPN prompted confusion among market observers. Several community members noted that XRPN’s stock price had jumped ahead of its formal launch. Some commenters expressed concern that early investors and insiders might be benefiting disproportionately, raising questions about exit liquidity for long-held XRP positions.

Skepticism persists within parts of the XRP investor base, with some individuals repeating long-standing criticisms about the token’s inability to capitalize on ostensibly favorable developments. Uncertainty remains around whether XRPN’s trading debut will meaningfully affect the price of XRP itself.

Many community members questioned how XRPN could rally while the underlying XRP asset slipped, underscoring persistent doubts about market dynamics and fairness.

Outlook for XRPN and XRPAs XRP’s price dipped and XRPN’s valuation rose dramatically, attention turned to whether this gap will close once XRPN begins formal trading on Nasdaq. The relationship between public XRP treasuries like Evernorth and the token’s market value remains the subject of intense debate.

XRP Asia has officially launched at XRP Seoul 2026, with a focus on growing the XRP Ledger (XRPL) across the Asia Pacific region. The new group aims to bring more businesses, developers, and financial institutions onto the network. 

The launch comes just before two major XRPL upgrades, Batch and Permission Delegation, planned for early October 2026.

XRP Asia is led by Sabrina Tachdjian, former vice president of the Hedera Foundation. She is set to speak on 3 Oct, at the Grand Hyatt Seoul during Korea Blockchain Week at an event titled “Special Announcement: What’s Coming Next for the XRP Ecosystem in Asia.”

The event also featured representatives from Woori Bank, K Bank and JB Bank in a panel on cross-border payments and tokenized deposits.

Its strategy covers four areas, technology, startup success, community, and marketing.

The group plans to support developers through training, micro-grants, early stage investments, and go-to-market support. Its focus also extends beyond DeFi to retail applications, AI-based payments and non-financial enterprise use cases.

XRP Moves From Payments Toward CreditThe next phase will move beyond ecosystem building. At XRP Seoul 2026, Ripple President Monica Long said the company plans to connect the XRP Ledger (XRPL) with payment infrastructure.

She further said,

“We are running credit-related pilots with the goal of activation next year.

The plan includes using pooled XRP as collateral to help fund customer payments

The plan follows SBI Ripple Asia approval under Japan’s Payment Services Act as a Third-Party Prepaid Payment Instrument Issuer, supporting regulated prepaid token activity on the XRPL

October Core Protocol UpgradesThe regional rollout is also arriving alongside two planned protocol upgrades, including Permission Delegation Infrastructure and Batch Amendment.

First, the Permission Delegation Infrastructure update is set for 8 Oct. It will allow companies to delegate transaction signing without giving up control of their main wallets.

Second, the Batch Amendment is set for 9 Oct. It will allow multiple transactions to be grouped and processed in a single ledger entry, helping improve speed and efficiency for high-volume activity.

Both upgrades will need more than 80% validator support during the activation period.

Story Ends Here

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Centrifuge has confirmed that three funds—JAAA, JTRSY, and HYB—have launched on Circle’s Arc blockchain. The funds provide exposure to AAA-rated collateralized loan obligations (CLOs), short-term U.S. Treasuries, and high-yield corporate bonds respectively, utilizing investment strategies from Janus Henderson and New York Life Investment Management. All three funds support subscriptions via USDC on Arc, with direct investment limited to eligible non-U.S. professional investors. The minimum investment amounts are $500,000 for JAAA and JTRSY, and 100,000 USDC for HYB. (The Defiant)

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VanEck: Bitcoin may still continue to expand its market share going forward, and quantum computing is currently not a sufficient reason to sell.

VanEck Digital Assets Research Head Matthew Sigel stated in an interview that with the rapid development of the artificial intelligence (AI) industry, the power resources and long-term power contracts held by Bitcoin miners are gaining new value. Sigel pointed out that in the past, miners’ core assets were primarily viewed as computing power and BTC production capacity, but AI data centers’ demand for large volumes of stable power is reshaping the market’s valuation of miners’ power contracts. He added that some miners have signed 10-to-20-year long-term power lease agreements with investment-grade counterparties, and these contracts are granting miners "optionality"—a value distinct from pure BTC exposure. The AI sector’s growth is making power an increasingly scarce resource, so miners with low-cost, long-term locked power supplies may unlock new business opportunities, including transitions to AI infrastructure. On the Bitcoin market front, current signs of seller fatigue suggest investors should focus on opportunities following pullbacks. Additionally, Sigel compared the roles of gold and Bitcoin in investment portfolios, arguing Bitcoin may continue to expand its market share going forward. He also discussed the potential impact of quantum computing on the Bitcoin network, noting that quantum computing is a long-term risk to monitor but not yet a reason for investors to sell BTC. VanEck remains bullish on Bitcoin adoption trends, and views Bitcoin reaching a certain percentage of the gold market capitalization as one key future valuation reference.

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PONS Founder: The buyback and burn mechanism has been automated, and the new mechanism will collect funds every seven days.

PONS founder Ozzy (@MEADGod) responded to community users’ questions about its buyback-and-burn mechanism and apologized for misunderstandings in prior communications. Earlier, user yyy posted inquiries about PONS’ buyback system, including whether escrow account funds needed to be manually transferred to the buyback allocator, why funds had not entered the allocator for over five days, the current buyback-and-burn rate of roughly $120,000 per day, and whether the promised automatic escrow fund claim feature had been implemented. Ozzy acknowledged some of the questions were valid, noting the buyback-and-burn rate had not yet been adjusted and the "claim" process had not been fully decentralized. He explained the team is conducting a contract upgrade, with the new buyback mechanism designed to execute fund claims every seven days, followed by using the claimed funds for buybacks and burns over the subsequent seven days in a continuous cycle. Currently, all buyback and burn operations are fully automated; anyone can trigger a bot to perform these actions and earn a small reward. The primary adjustment needed now is the buyback-and-burn rate. The previous rate was set at 2e per hour, which, combined with the roughly $950,000 in the Splitter (fund-splitting contract) and the seven-day cycle, aligned with the current fund size. Additionally, fund claims will run automatically every seven days, and future buyback funds will be displayed in two sections: the Active Buyback Vault (for ongoing buybacks) and funds reserved for the next cycle. Ozzy thanked the community for their feedback and again apologized for responding before fully grasping the issues. Community user yyy subsequently accepted the apology, stating that a more decentralized and automated claim and buyback-and-burn mechanism is a critical foundation for building community trust.

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Analysis: Bitcoin Pullback Eyes $82,500 Support; Rebound Opportunity May Emerge If Whales Resume Buying the Dip

Crypto analyst Ali Charts posted that BTC’s recent rally to near $87,000 has been capped, due to factors including whales taking continuous profits during the rise, and the $87,000 level being at the top of a channel that has been consistently suppressing BTC recently. Ali Charts said that during the overall sideways consolidation of the market over the past week, Bitcoin whale holdings decreased by about 30,000 BTC, worth around $2.52 billion, indicating that some large investors are reducing their risk exposure. Currently, Ali Charts is focusing on the support area near the lower edge of BTC’s channel, around $82,500. He noted that if BTC pulls back to this level and whales are seen resuming accumulation, this could signal a potential dip buy opportunity, with expectations of a subsequent rebound to test the resistance near $87,000.

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Bonk Guy: SI has performed strongly after a pullback, with its holder count surpassing 60,000 in a week.

Renowned crypto trader Bonk Guy stated in a post that SI has shown strong resilience amid recent market downturns, with its price action bottoming out and entering a consolidation phase. Bonk Guy noted SI’s fundamentals include: within a week of launch, its holding addresses exceeded 60,000, with 30,000 new holding addresses added in a single day—making it the first meme project in over a year to reach this growth pace. Even amid market pullbacks, its daily trading volume remains in the $15 million to $20 million range. Additionally, SI features a tokenized NVDA reward mechanism; as one of its largest holders, he earned five-figure USD worth of rewards within a week. Discussions about AI and SI’s brand transformation involving Trump and multiple tech industry figures, alongside competition from other communities and participants for SI, have further boosted the project’s market visibility. Bonk Guy also mentioned SI has now been listed on centralized exchanges including Crypto.com and Gate, with more platforms likely to follow. He explained that centralized exchanges typically do not list meme coins early unless they identify high growth potential. With factors including its large holding scale, trading volume, market attention, reward mechanism, and expanding exchange support, Bonk Guy believes SI could become one of the major meme projects in this cycle.

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World (Worldcoin): Widespread AI agent adoption demands proof of genuine human backing, and World ID can enable agent verification.

World reported that personal AI agents such as Meta’s Muse, OpenAI’s dots, and Instinct are rapidly gaining popularity, with websites and services increasingly asking two questions: “Which agent is making the request?” and “Is this request initiated by a real human?” The article notes that World ID can solve these pain points while protecting personal privacy. World ID stores and verifies Proof of Human via zero-knowledge proofs, endowing agents with private, unique, and neutral characteristics: no sharing of personal information, one count per individual, and cross-platform usability based on open protocols. To date, World ID has been integrated with Okta’s Human Principal beta, Vercel’s WorkflowSDK, Exa’s free API credits, and Browserbase’s web navigation, to verify whether an agent is backed by a real human or confirm that a human has approved a given step.

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Bitdeer sold 292.3 BTC this week, maintaining a zero Bitcoin position.

Nasdaq-listed Bitcoin mining firm Bitdeer stated in a post on X that during the week ending October 2, it mined 292.3 BTC, sold an equal amount of BTC in the same period, resulting in zero net new BTC, and currently maintains a zero Bitcoin position.

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U.S. Bitcoin ETFs recorded provisional net inflows of $82.9 million for Sep. 28–Oct. 2, while Ethereum ETFs posted $118 million in net outflows, according to Farside Investors. Bitcoin’s reported weekly intake fell sharply from $2.39 billion in the preceding week.

Summary

Bitcoin ETFs added $82.9 million, with Friday’s BlackRock IBIT entry still pending. Ethereum ETFs lost $118 million after attracting $689.8 million in the previous week. Solana ETFs recorded $800,000 in net inflows, down from $188.1 million a week earlier. Hyperliquid ETFs added $3.4 million, while Zcash’s tracked fund lost $77.6 million. Farside Investors’ data showed Bitcoin ETFs recording inflows on four of the five trading days. Wednesday’s withdrawals reduced the weekly total, while Thursday’s intake was the largest positive session of the period.

Friday’s figures remained incomplete when checked on Oct. 3. Farside showed blank entries for BlackRock’s IBIT, ETHA and ETHB, so the Bitcoin and Ethereum weekly totals remain provisional.

Bitcoin ETF inflows fall from $2.39 billion Bitcoin funds opened the week with $31 million in net inflows on Monday, followed by $66.2 million on Tuesday. Wednesday brought $148.7 million in withdrawals before investors added $102.7 million on Thursday and a reported $31.7 million on Friday.

BlackRock’s IBIT recorded $292 million in net inflows across Monday through Thursday. Its largest intake was $195.6 million on Oct. 1, following $9.5 million in withdrawals a day earlier.

Fidelity’s FBTC posted $167.9 million in weekly net outflows, despite receiving $29.3 million on Friday. Bitwise’s BITB lost $38.6 million, while Grayscale’s GBTC recorded $54.6 million in withdrawals.

ARKB added $25.5 million over the week, and Grayscale’s BTC fund attracted $24.9 million. Morgan Stanley’s MSBT recorded $9.4 million in inflows.

The preceding week, Sep. 21–25, delivered five consecutive positive sessions, including $999 million on Monday and $714.7 million on Tuesday.

Ethereum ETFs reverse the previous week’s inflows Ethereum funds began Monday with $17.1 million in net inflows before recording withdrawals during each subsequent session, according to Farside’s Ethereum figures.

Tuesday’s outflow was $2.8 million. Withdrawals then reached $59.6 million on Wednesday and $55.4 million on Thursday, followed by a provisional $17.3 million on Friday.

Fidelity’s FETH accounted for $74.1 million in weekly net outflows. Its largest withdrawal was $26.6 million on Wednesday, followed by $23.5 million on Thursday.

Grayscale’s ETHE lost $27.9 million, while its ETH fund recorded $11.2 million in net withdrawals. VanEck’s ETHV and Franklin’s EZET lost $6.9 million and $6.1 million, respectively.

BlackRock’s ETHA recorded $6.5 million in net inflows through Thursday, while ETHB showed zero flows over those four sessions. Both Friday entries remained blank.

The reversal followed $689.8 million in Ethereum ETF inflows during Sep. 21–25, when every session finished positive. Monday’s $270 million intake led that earlier week.

Solana ETF inflows shrink to $800,000 Solana ETFs finished the week with $800,000 in net inflows, according to Farside’s table, compared with $188.1 million in the preceding week.

Monday and Tuesday brought inflows of $7.7 million and $5.4 million. Funds then lost $12.5 million on Wednesday and $1.1 million on Thursday before adding $1.3 million on Friday.

Bitwise’s BSOL recorded $1.3 million in weekly net inflows. Grayscale’s GSOL added $5.4 million, while FSOL attracted $2.8 million.

VSOL posted $6.8 million in withdrawals, and MSOL lost $1.9 million. TSOL and SOEZ recorded zero flows throughout the week.

BSOL’s $9.7 million Monday intake was its largest positive session, while its $8.9 million Wednesday withdrawal was its biggest outflow.

Hyperliquid gains $3.4 million as Zcash loses $77.6 million Hyperliquid ETFs recorded $3.4 million in net inflows, Farside reported. Monday and Tuesday showed zero flows, followed by a $5 million Wednesday withdrawal and inflows of $5 million on Thursday and $3.4 million on Friday.

HYPG attracted $8.4 million over the week, offsetting $5 million in withdrawals from BHYP. THYP recorded zero flows. The group had received $9.3 million during Sep. 21–25.

Farside’s Zcash data showed $77.6 million in withdrawals from ZCSH, reversing the previous week’s $35.2 million intake.

The fund lost $8.1 million on Monday, recorded zero flows on Tuesday, and posted $30.2 million in withdrawals on Wednesday. Further outflows reached $12.4 million on Thursday and $26.9 million on Friday.

Bitwise has identified four crypto sectors that benefited from the CLARITY Act’s Senate setback, with NEAR gaining 104% and Uniswap rising 49% between the vote and Sep. 30.

Summary

Stablecoin platforms retained room to offer balance rewards, with Coinbase named the largest beneficiary. Established exchanges preserved business advantages that Hougan said the proposed legislation would have reduced. SEC action opened a five-year testing route for qualifying tokenized U.S. stock trading venues. Token buyback guidance carries conditions, while Bitwise flagged regulatory reversal under a future administration. Bitwise Asset Management chief investment officer Matt Hougan wrote in a Sep. 30 memo that faster regulatory action and fewer proposed business restrictions helped explain crypto’s gains after the Senate failed to advance the bill on Sep. 15.

In the memo’s measurement period, Hougan put Bitcoin’s gain at 8% and Ethereum’s at 7%. His analysis identified stablecoin platforms, established exchanges, tokenization businesses and revenue-generating tokens as beneficiaries, arguing that the industry had accepted restrictions during negotiations in exchange for lasting legal certainty.

“Crypto sacrificed long-term certainty and got better rules, faster.”

Although Hougan saw advantages in the failed vote, he warned that agency decisions offer less protection against political change than legislation. A new administration taking office in January 2029 could appoint SEC and CFTC leaders who take a tougher approach, he wrote.

In his assessment, growing blockchain activity among major financial institutions could make such reversals less likely. He expected those firms to have several more years of blockchain development behind them by the next administration.

Token buybacks gained guidance after the CLARITY Act setback Among tokens using platform revenue to repurchase supply, Hougan reported gains of 104% for NEAR, 49% for Uniswap, 19% for Pump, 15% for Hyperliquid and 10% for Lighter as of Sep. 30.

For the executive, uncertainty over buybacks was a weakness in the proposed bill. He said a token could qualify for CFTC oversight as a digital commodity, yet later actions by its issuer could raise questions about whether it should return to securities treatment.

The SEC’s Division of Corporation Finance addressed repurchase announcements in FAQs first issued Sep. 25. As crypto.news covered on Sep. 26, the staff’s token buyback guidance examined whether an announcement amounts to a promise of managerial work that buyers expect to generate profits.

In its updated answer, SEC staff specified that a non-security token’s network must be functional and have no central party. Under those conditions, announcing a buyback would not constitute a promise to undertake essential managerial efforts.

Staff added the no-central-party condition on Sep. 28. For an unfinished system, its answer says a buyback announcement could constitute such a promise if the issuer presents repurchases as producing yield or returns for holders.

According to the SEC, the FAQs express staff views, have no legal force, and do not change existing law. The Commission has neither approved nor disapproved their contents.

Tokenized stock venues gained a five-year testing route For tokenization companies, Hougan contrasted the bill’s proposed SEC study with an exemption the agency issued two days after the Senate vote. He expected the study and subsequent rulemaking to take years, while the order permitted qualifying businesses to begin testing a defined trading model.

Under the SEC’s Sep. 17 order, eligible tokenized U.S. stocks can trade through permissioned automated market makers and liquidity pools. The agency granted conditional relief from the legal definition of an exchange for qualifying venues and from the dealer definition for certain liquidity providers.

The SEC’s announcement says the exemptions expire five years after publication. Its conditions include limits on eligible stock symbols and trading volume, equivalent shareholder rights, and trading pauses aligned with the underlying stock’s primary exchange.

For stock tokenized by an unaffiliated third party, the SEC also requires notice to the underlying issuer and an opportunity to object.

Hougan identified Securitize as a beneficiary, citing its tokenization work for BlackRock, Apollo and KKR. He also noted its role in maintaining ownership records as transfer agent for BlackRock’s BUIDL fund.

In Oct. 2 coverage of Robinhood’s stock token limits, crypto chief Johann Kerbrat said existing trading activity could run into the SEC framework’s caps. The report noted that Robinhood’s current Stock Tokens are debt securities issued by its Jersey entity, remain unavailable to U.S. users, and differ from the tokenized shares covered by the exemption.

Stablecoin platforms kept room for customer rewards For stablecoin platforms, Hougan’s argument centered on restrictions that did not become law. He said the final negotiated CLARITY text would have barred platforms from paying stablecoin interest or yield in any form, with penalties reaching $5 million per violation.

The separate GENIUS Act, enacted July 18, 2025, prohibits payment stablecoin issuers from paying interest or yield solely for holding, using or retaining their tokens. Hougan interpreted its treatment of issuers as leaving an opening for exchanges to offer third-party rewards.

Naming Coinbase as the largest beneficiary, the executive said the exchange uses stablecoin rewards to attract customers. He also argued that banks’ resistance to incentives could ultimately help stablecoins draw business from the traditional financial system.

Banking groups had raised a different concern before the vote. In a July 14 report on banks’ stablecoin yield objections, the American Bankers Association, Independent Community Bankers of America and 76 state banking associations urged senators to tighten reward provisions.

According to their letter, incentives tied to balances could encourage customers to move deposits away from community banks. The associations warned that reduced deposits could affect funds available for mortgages, small businesses, and agricultural lending.

Established exchanges retained licensing and brokerage advantages For Coinbase and Kraken, Hougan identified two advantages preserved by the legislative setback: barriers facing new competitors and the ability to combine trading with brokerage services.

In his view, a national spot-exchange license would have made market entry easier for large traditional financial companies. Established exchanges instead retained an advantage from the work already invested in securing permissions across individual states.

Hougan also said the proposed bill would have limited exchanges’ ability to operate both a trading venue and a brokerage business. Preserving the combined model avoided costs he associated with separating those services.

A Sep. 17 report on renewed CLARITY Act talks included a qualification from Coinme CEO Neil Bergquist: federal market structure legislation would not remove separate state licensing requirements. He said the bill principally addressed token classification and the division of authority between the SEC and CFTC.

According to that report, seven Senate Democrats who opposed the procedural motion pledged to continue bipartisan negotiations after the 49–50 vote. Their Sep. 16 statement said the result was not the end of their work on the legislation.

Arbitrum just hit the brakes on one of its signature developer features. The Arbitrum Security Council carried out an emergency upgrade on Arbitrum One and Nova on October 2, 2026, at 11:30 EST, pausing all new activations of Stylus contracts on both chains.

The move targets vulnerabilities tied to the Stylus framework. Existing Stylus contracts are untouched: they can still execute and be renewed. This is a locked front door, not an evacuation.

The upgrade also added a new safety mechanism to Arbitrum One’s dispute system, called a guard on the BoLD one-step proof. If contradictory proofs are ever accepted, that guard could delay unconfirmed withdrawals.

What actually changed The emergency upgrade did two separate things. First, it stopped new Stylus programs from being activated on Arbitrum One and Nova.

Stylus is the framework that lets developers write smart contracts in languages like Rust and C++, while keeping compatibility with the Ethereum Virtual Machine (EVM).

Those programs compile to WebAssembly, or WASM, a compact low-level format for running code. The concern here centers on hand-crafted WASM programs that have not been patched.

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According to the research findings, such programs could be used as denial-of-service (DoS) vectors that impair the network’s liveness. A liveness bug won’t steal your money, but it could make the network grind to a halt.

The known bugs affect chain liveness, not the safety of user funds. Earlier ArbOS patches had already addressed those issues.

The pause works as a preemptive block. It stops unpatched WASM programs from being deployed ahead of upcoming ArbOS updates.

The BoLD guard and withdrawals BoLD is Arbitrum’s dispute resolution system for settling disagreements about the state of the chain. A one-step proof is the final step in such a dispute, where a single disputed computation step is checked directly.

The Security Council added a permissionless guard to this one-step proof mechanism on Arbitrum One. Its job is to protect against potential soundness issues. If the system ever ends up accepting contradictory proofs, the guard allows settlements to be paused in a timely way.

The practical consequence: unconfirmed withdrawals could be delayed if that scenario plays out.

Notably, the guard was added to Arbitrum One specifically. The Stylus activation pause applies to both Arbitrum One and Nova.

What existing builders should know For teams that already have Stylus contracts live, the day-to-day picture is largely unchanged. Active contracts continue to work and can be renewed until expiration.

The pain lands on developers who were planning fresh Stylus deployments. Those launches now wait on a timeline that hasn’t been set yet.

The Arbitrum Foundation said it will work with the ArbitrumDAO to determine when new Stylus activations can resume. The Foundation also framed the emergency upgrade as part of an ongoing series of proactive measures meant to protect the network’s security and integrity.

Why this matters The identified issues affect liveness, not user fund safety, and no user funds are at risk from the currently known problems. That distinction matters: a network that pauses is inconvenient, while a network that loses deposits is a crisis.

The BoLD guard adds a backstop for a scenario where the proof system itself misbehaves. The cost of that backstop is that withdrawals that haven’t been confirmed could sit in limbo if it’s ever triggered.

The use of the Security Council itself is another signal. Emergency powers exist for moments like this, where waiting on a full governance vote could leave a known weakness open. The decision to hand the restart timeline back to the ArbitrumDAO suggests the council is acting as a first responder, not as the permanent authority on Stylus.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Absa has become Africa’s first bank to offer Bitcoin custody, with BTC making up the largest share of assets held through its institutional service.

Summary

Bitcoin is the main asset held in Absa’s custody service, according to its digital assets head. The bank launched its institutional custody platform on Sep. 21 using technology from Ripple. Absa plans to serve more client groups and African markets, subject to regulatory approvals. U.S. banks have received regulatory clarification allowing crypto custody and related customer services. Bloomberg reported on Oct. 2 that the Johannesburg-based lender is providing digital asset custody to institutional clients in South Africa, including asset managers, non-bank financial institutions and companies. The report identified Absa as the first bank on the continent to offer the service. Moneyweb Rob Downes, head of digital assets at Absa’s Corporate and Investment Banking division, said Bitcoin accounts for the largest part of the assets currently held.

Absa’s Bitcoin custody service starts with institutional clients Describing the assets held through the platform, Downes told Bloomberg:

“Bitcoin is the predominant asset in custody.”

The executive said the bank is also working with customers on other crypto assets they want held in South Africa, according to the report. His comments place Bitcoin at the center of the current offering while identifying client demand as part of the bank’s work on additional assets.

Beyond its initial customer base, Downes said Absa expects to extend custody to other client groups in South Africa and is working to bring the service to other African countries where it operates. Bloomberg reported that expansion into those markets would depend on the required regulatory approvals.

Absa’s product documentation states that the offering provides institutions with controls over digital assets, transactions and internal approvals. The bank describes custody as a service for protecting the private keys used to authorize blockchain transactions, with its banking governance and compliance framework applied to the platform.

In its Oct. 2 coverage, Bitcoin Magazine said Absa had not immediately responded to a request for comment.

Ripple technology supports Absa’s custody controls The Bitcoin custody reporting comes after the platform’s commercial launch. As crypto.news reported on Sep. 22, Absa’s Ripple-powered custody service went live on Sep. 21, almost a year after the companies announced their partnership.

In October 2025, Ripple announced Absa as its first major custody partner in Africa. The agreement covered technology for storing and managing digital assets, including cryptocurrencies and tokenized assets.

Explaining the system’s operation, Robyn Lawson, Absa CIB’s head of digital product for custody, said the bank combines Ripple’s software for sending transactions to blockchain networks with its own internal infrastructure. She identified security, governance, recovery and authorization controls as central parts of the design.

According to Lawson, keys and transaction authorizations are protected within secure hardware environments. She said the system derives private keys securely when needed rather than keeping permanently stored private keys, while cryptographic recovery processes and layered controls are designed to preserve access during disruptions.

For institutional customers, Lawson said losing access to keys can create operational, reputational and regulatory risks for both the business and its clients. She added that Absa would begin with core custody functions and develop further capabilities according to customer needs and changes in regulation.

South Africa recorded $36 billion in crypto activity In its September 2025 regional research, Chainalysis placed South Africa second in Sub-Saharan Africa by crypto value received, at about $36 billion between July 2024 and June 2025. Nigeria led the region with $92.1 billion over the same period, according to the firm’s Geography of Cryptocurrency report.

Across Sub-Saharan Africa, Chainalysis reported more than $205 billion in on-chain value during those 12 months, an increase of roughly 52% from the previous year. The firm ranked the region third for growth, behind Asia-Pacific and Latin America.

Within South Africa, the research firm attributed a more institutional market to the country’s regulatory framework and hundreds of licensed virtual asset service providers. Chainalysis said large transactions included activity linked to trading strategies such as arbitrage, while financial institutions were developing custody and stablecoin products.

Bitcoin accounted for 74% of fiat purchases of crypto in South Africa in the report’s centralized-exchange dataset, according to Chainalysis. The firm noted that the purchase analysis excluded informal markets, over-the-counter activity, and other transactions outside the tracked exchanges.

In its adoption-index methodology, Chainalysis also added an institutional activity measure in 2025 covering centralized-service transfers above $1 million. The firm said the change was intended to capture participation by professional investors, hedge funds, custodians and other institutional users.

U.S. banks have established custody services and regulatory permissions For U.S. institutions, bank-based crypto custody has an established precedent. BNY Mellon announced in October 2022 that its U.S. digital asset custody platform was live, allowing selected clients to hold and transfer Bitcoin and Ether.

BNY later expanded the assets and functions available through that platform. Coverage published on June 29 detailed its USDC minting and redemption services, alongside custody and transfers, giving institutional customers a route to convert dollars into Circle’s stablecoin and redeem it back into dollars.

Under U.S. banking rules, the Office of the Comptroller of the Currency confirmed in March 2025 that crypto custody, certain stablecoin activities and permitted blockchain payment activities are allowed for national banks and federal savings associations. The agency also removed the requirement for those institutions to obtain supervisory non-objection before undertaking the activities covered by its earlier guidance.

In May 2025, the OCC clarified that banks may buy and sell assets held in custody at a customer’s direction. The regulator said banks may also outsource permitted crypto custody and execution activities, subject to appropriate management of third-party risks.

In Europe, Sep. 16 reporting detailed Deutsche Bank’s planned institutional crypto custody service for later in 2026. According to that report, the bank expects initial support for Bitcoin, Ether, USDC, EURC and EURAU, with the launch subject to regulatory completion, internal approvals, risk controls and customer onboarding requirements.

Evernorth Holdings has cleared a decisive shareholder hurdle on the way to a planned Nasdaq listing, after investors in its blank-check merger partner backed the deal that would turn the firm into a publicly traded vehicle centered on XRP.

Evernorth and Armada Acquisition Corp. II said on October 1, 2026, that Armada’s shareholders approved the proposed combination at an extraordinary general meeting held the day before.

The vote removes one of the last formal obstacles before closing.

The parties still expect the transaction to finish on October 7, provided the remaining customary conditions are satisfied or waived.

Class A common stock of the combined company, which will continue under the Evernorth Holdings name, is then scheduled to start trading on Nasdaq on October 8 under the ticker XRPN.

The financing picture is large relative to most single-token treasury listings.

Together, the business combination and related private placements have brought in more than $1 billion.

Cash expected from the deal is more modest: roughly $300 million in gross proceeds before expenses, made up of about $225 million from associated private placements, $30 million of additional convertible-note financing, and approximately $48 million left in the SPAC trust.

Backers have also put XRP into the transaction directly.

On that basis, Evernorth expects to hold about 473 million XRP when the deal closes, a balance the company says would make it the largest pure-play XRP treasury listed on a public exchange.Support from committed capital looks intact.

The companies said every advanced and delayed funder is still participating.

The investor roster includes Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.

Founder and chief executive Asheesh Birla framed the listing as a regulated, transparent route for investors who want XRP exposure and a stake in the broader blockchain economy, and he thanked shareholders for backing the final stretch of the deal.

Armada itself is a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP.

It was formed on October 3, 2024, and is led by chief executive Taryn Naidu, with Michael Arrington as chairman and Kyle Horton as chief financial officer.

Once public, Evernorth intends to operate as a digital asset treasury that gives holders liquid exposure to XRP, rather than simply parking tokens.

Management has said it will try to increase XRP per share over time through yield approaches, participation in the token’s ecosystem, and capital-markets activity.

The path to the vote ran through US securities disclosure.

A registration statement on Form S-4 covering the combination and related placements was declared effective by the Securities and Exchange Commission on August 27, 2026, after which the definitive proxy materials went to Armada holders.

An SEC filing on the meeting shows a quorum: 21,877,045 common shares, about 69 percent of those entitled to vote, were represented in person or by proxy.

The business-combination proposal passed with 20,514,034 votes in favor, 1,362,081 against, and 930 abstentions.

A related merger resolution passed on a similar margin.

Approval does not by itself complete the listing.

Closing still depends on leftover conditions, and the share price will remain tied to a volatile token, redemption levels in the SPAC trust, and whether the company can meet and keep Nasdaq standards. Even so, the September 30 vote moves Evernorth from a pending SPAC merger to a near-term public debut as one of the more closely watched XRP treasury structures in US markets.

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Geneva, Switzerland, October 2nd, 2026, NewsDirect

TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), participated in the 5th INTERPOL New Technologies Forum (NTF), held September 29–30 at the Complexity Science Hub in Vienna. Co-hosted by INTERPOL, the Bavarian State Ministry of Justice, and the Complexity Science Hub, the two-day forum brought together experts from law enforcement, international organizations, academia, and the technology sector to examine emerging technologies and the evolving challenges facing investigators in decentralized environments. Discussions centered on the theme “NextGen Investigation: Decoding Emerging Technologies.”

John Hurston, General Counsel, U.S. at TRON, joined the panel “Future Usage of Decentralized Ledgers and Their Impact for Law Enforcement” on September 30. Moderated by Dr. Tom Barbereau, Senior Scientist at TNO, the panel also featured Luke Szramowski of Cypherstack, Daniel Leon of Europol, and Dr. Vladimír Veselý of Brno University of Technology.

The discussion examined how distributed ledger technologies may evolve over the next five years and what those developments could mean for law enforcement, regulators, developers, and blockchain networks. Hurston addressed the future of the broader crypto ecosystem, the role of transparent public blockchains in supporting compliance and investigative capabilities, and the tradeoffs between transparency and privacy-preserving technologies.

The discussion also highlighted the importance of preparing blockchain infrastructure for emerging security challenges. Hurston pointed to TRON’s deployment of end-to-end post-quantum signature support on its Nile testnet as a concrete step toward strengthening the network against potential future advances in quantum computing. 

“Technology and regulation are evolving alongside one another, and as more institutional capital moves onto public blockchains, security and compliance need to scale right alongside it,” said Hurston. “Building systems with compliance, security, and adaptability in mind can help create a stronger foundation for the continued adoption of blockchain technology.”

The panel concluded with a broader discussion around what technologists and investigators can build together over the next five years, emphasizing the importance of continued collaboration as distributed ledger technologies and investigative tools evolve in parallel.

TRON DAO’s participation in the 5th INTERPOL New Technologies Forum reflects its continued engagement with law enforcement, academia, policymakers, and technology experts on the technical and regulatory questions shaping the future of blockchain infrastructure. These efforts complement TRON’s broader focus on security, compliance, and institutional readiness as the network continues to expand its role in global blockchain-based payments and settlement.

TRON recently surpassed $30 trillion in cumulative transfer volume, while continuing to expand institutional access through initiatives including the Canary Staked TRX ETF, TRX spot and futures products on Bitnomial, expanded custody support from Anchorage Digital, and the launch of the tokenized Hamilton Lane SCOPE Fund on TRON. Together, these developments reflect TRON DAO’s broader focus on strengthening security, compliance, and institutional readiness across its blockchain infrastructure.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Today, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $94 billion. As of October 2026, the TRON blockchain has recorded over 406 million in total user accounts, more than 15 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”

TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Contact Yeweon Park
[email protected]

The @ZcashFoundation has released Zebra 7.0.0-rc.0, the first release candidate of its node software built to support the upcoming NU7 network upgrade for @Zcash. Testnet node operators are encouraged to upgrade before that date.

Faster Blocks, Less Spam The headline change under NU7 is a sharp reduction in $ZEC block times. That means confirmation times will be roughly three times faster than they are today, a meaningful improvement for a privacy-focused network that competes on usability.

The upgrade also introduces new limits on shielded transactions to protect wallets from spam. Alongside the block-time cut, NU7 will deprecate Version 4 transactions and integrate a Network Sustainability Mechanism.

To keep issuance in check despite the faster block schedule, The overall rate of new ZEC entering circulation stays effectively unchanged.

Timeline and What Comes Next

The November 5 date remains a target rather than a firm commitment.

Regular wallet users and ZEC holders are not expected to need to take any action.

Sources:
Zebra 7.0.0-rc.0 Release Notes, Zcash Foundation GitHub
Zcash Targets November Upgrade to Make Private Payments Up to Three Times Faster, CoinDesk
NU7 Timeline, Zcash Community Forum

Tokenized stocks on decentralized exchanges have grown from a rounding error into a real business. Trading volume in the category rose 10,163.7% year over year to $48.7 billion, and Uniswap led the field with $17.1 billion.

Uniswap’s grip on the market In late September 2026, tokenized stock trading on DEXs reached $20.9 billion over the prior 30 days. Uniswap’s v4 and v3 deployments together handled approximately $12.6 billion of that flow, a 60.1% market share.

Uniswap v4 alone held 40.7% of the market. The older v3 version still captured 19.4%.

The figures shift depending on the reporting window. The $17.1 billion Uniswap total and the $48.7 billion market total capture the year-over-year surge, while the 30-day snapshot reflects more recent conditions in a market that moves quickly between periods.

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Quarterly numbers fill in the gaps. Tokenized stock DEX volume reached $7.8 billion in Q3 2026.

From 0.1% to a real slice of DEX activity Tokenized equities made up roughly 0.1% of total DEX spot volume at the end of 2025. In 2026, that share climbed to over 4%.

One report put cumulative tokenized stock volume from late 2025 through late August 2026 at $13.7 billion, marking a roughly 30,000% year-over-year increase. Cumulative figures for the first three quarters of 2026 reached around $16 billion.

The infrastructure behind the boom Robinhood Chain launched in July 2026. By late September, it had surpassed $3 billion in cumulative tokenized stock volume. Solana and BNB Chain also contributed significantly to overall activity.

On July 23, 2026, Uniswap introduced Permissioned Pools in v4, a feature built for regulated assets. Standard Uniswap pools let anyone trade, while permissioned pools let issuers of regulated assets put restrictions on who participates. For tokenized stocks, this gives issuers a way to use Uniswap’s liquidity without ignoring securities compliance obligations.

What this means for traders and the market The appeal of tokenized stocks on DEXs comes down to access and hours. Traditional exchanges close for evenings, weekends and holidays, while these markets can run 24/7.

Liquidity is split across Uniswap v4, Uniswap v3, Robinhood Chain, Solana, BNB Chain and other venues. When the same tokenized share trades in many separate pools, any single pool may be thin, and large orders can move prices more than a trader expects.

Uniswap’s 60.1% share in the latest 30-day window gives it a strong position. Robinhood Chain crossed $3 billion in cumulative volume within roughly three months of launch.

For investors, the practical consideration is compliance and operational risk. A tokenized share is only as reliable as the structure behind it, and the venue, issuer and chain all add layers that a traditional stock trade does not carry.

Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.

Avalanche has entered October with signs of strengthening fundamentals, supported by increasing tokenized stock activity on its blockchain and a stable price structure above major support levels.

Tokenized Stock Activity Fuels Avalanche’s GrowthAvalanche revealed on X that new tokenized stock listings pushed its total tokenized stock market capitalization up by $245.5 million during September. This figure placed Avalanche ahead of all other blockchains in terms of tokenized stock growth for the month.

Avalanche stated, “Avalanche added the most tokenized stock market cap of all chains in September at +$245.5M”.

This surge comes as Securitize, a leading platform for issuing and managing tokenized equities, led much of the added capitalization. Growing interest in tokenized stocks provides a significant boost to Avalanche’s fundamentals and attracts further attention from both retail and institutional participants. Sustained tokenization activity has helped AVAX preserve the recovery momentum that began at the end of September.

Mini dictionary: Securitize, a platform specializing in the creation, issuance, and management of tokenized securities and equity products, enables traditional financial assets such as stocks to be issued and traded on blockchain networks.

AVAX Price Performance and Key Technical LevelsAs of the latest data, AVAX is trading at $10.798, down 1.75% over the past 24 hours. Despite this minor decline, the token remains above the critical $9.549 level on its price chart, maintaining the broader recovery structure. Technical analysis shows that AVAX is currently positioned above its 20-day Exponential Moving Average (EMA) of $10.036, and it also trades above the 50-, 100-, and 200-day EMAs at $8.798, $8.205, and $8.882, respectively.

The continued alignment above these moving averages suggests that medium-term sentiment remains positive. If AVAX falls below $9.549, that area is expected to act as the first support to monitor.

EMA PeriodPriceStatus20-day EMA$10.036Above50-day EMA$8.798Above100-day EMA$8.205Above200-day EMA$8.882AboveSupport Level$9.549Key WatchDerivative Trends and On-chain MetricsTradingView data shows AVAX recently broke above the $9.549 resistance and consolidated near $11. The On-Balance Volume metric climbed to 352.14 million, signaling increasing accumulation alongside price gains. Meanwhile, CoinGlass reported that Avalanche’s open interest in derivatives markets was approaching $430 million, with trading volume spiking significantly throughout late September.

On-chain data indicates that a sustained move above the $11–$12 range could provide further confirmation of AVAX’s recovery trend, while a drop below $9.549 would challenge the setup’s strength.

The platform DeFiLlama showed Avalanche’s total value locked (TVL) close to $650 million at the end of September, with active addresses and transaction activity also tracking higher. These combined on-chain signals reinforce the connection between Avalanche’s price action and increased network utilization.

Key Factors for Traders to MonitorFor further bullish confirmation, technical analysts are watching for AVAX to break and hold above the $11 to $12 resistance zone. Maintaining levels above $10.036 is considered important in upholding positive momentum, while a fall under $9.549 could prompt a reassessment of the recovery structure and shift attention to a support cluster between $8.205 and $8.882.

Despite optimism around the network’s tokenized stock activity, future momentum will depend on price trends, derivatives positioning, and overall sentiment. Crypto markets remain highly volatile, so market participants are advised to track fluctuations closely and remain cautious of potential shifts in trend.