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Celestia Activates Fibre, Opening Direct Validator Uploads for Rollups

Sei Network Closes in on $16B Milestone...

Bitcoin holds near $82,000 as Ethereum lags and Solana, Aerodrome and Ondo edge higher. October 20 analysis tracks key support, resistance, and daily signals.

Asset
Aggregate USD price
Rolling 24-hour change
Aggregate 24-hour volume

Bitcoin (BTC)
$82,013
−0.48%
$25.37 billion

Ethereum (ETH)
$2,410.99
−0.43%
$9.21 billion

Solana (SOL)
$105.17
+0.08%
$2.56 billion

Aerodrome Finance (AERO)
$0.808417
+1.20%
$44.09 million

Ondo (ONDO)
$0.441386
+1.58%
$100.25 million

Bitcoin’s MACD Improves Without a Bullish Crossover
Bitcoin closed October 19 at $81,843.70, down 0.19%, after reaching $83,100. The session traded above the $82,538–$82,826 resistance area identified in Monday’s report but failed to hold above it at the close. That was an intraday move through resistance, not a confirmed daily breakout.

BTC/USD daily MACD (12,26,9) remains below its signal despite a less-negative histogram, while the latest session fails to close above $83,100.
Daily MACD, using 12- and 26-period exponential averages with a nine-period signal EMA, remained bearish. Its line fell to −10.68 against a 393.08 signal.

The histogram improved to −403.76 from −456.84, indicating a narrowing gap between the lines rather than a bullish crossover. The MACD line also crossed below zero on the completed candle.

The latest completed four-hour histogram was positive at 73.83, showing stronger short-term momentum than the daily reading.

CoinGecko’s quote was nevertheless 0.50% below Monday’s $82,428 report snapshot, a separate comparison from its rolling 24-hour change.

A daily close above $83,100 would strengthen a recovery toward $84,049–$84,250, the cluster of October 12–14 highs.

Losing $81,648 on a daily close would weaken the latest rebound and expose $80,568. A close below the October 15 low at $79,709 would invalidate that recovery structure.

Ethereum’s RSI Remains Below Neutral
Ethereum closed at $2,405.43, slipping 0.09% after a $2,382.78–$2,443.70 session. The daily chart remains below the October 16 high at $2,490.84 and the earlier $2,527–$2,535 resistance area, leaving the broader October pullback intact.

ETH/USD daily RSI (14, Wilder) holds at 37.87 as Ethereum trades below $2,443.70 resistance and above the October 15 low at $2,313.42.
The 14-day RSI, calculated with Wilder smoothing, eased to 37.87 from 38.03. It remained below the neutral 50 line without reaching the conventional 30 oversold threshold.

This points to weak momentum, not a standalone signal that a rebound is due. Four-hour RSI was firmer at 47.54 but also below neutral.

Ethereum’s aggregate quote was 0.60% below the $2,425.66 snapshot in the October 17 edition.

The earlier downside reference at $2,313.42 remains intact, although subsequent sessions have not produced a sustained recovery.

A daily close above $2,443.70 would improve the immediate structure and bring $2,490.84 into focus. Clearing that second level would strengthen the case for a test of $2,527–$2,535.

Conversely, a close below $2,382.78 would expose $2,354.01 and $2,326.25. Losing $2,313.42 on a daily close would invalidate the developing base.

Solana Rebounds Beneath Two Falling Averages
Solana gained 0.89% on its completed daily candle to close at $104.95. That extended the recovery from Sunday’s $100.34 low, but the close remained below the 50-day exponential moving average at $106.75 and the 20-day EMA at $108.96.

SOL/USD daily candles recover from $100.34 but remain below declining 20-day and 50-day EMAs at $108.96 and $106.75.
Both averages declined from the previous session. The faster 20-day average remained above the 50-day average, so the chart did not produce a new bearish crossover.

The relevant signal is simpler: price remains beneath two falling trend references.

Four-hour price action was less weak. The latest completed close stood above its 20-period EMA at $104.28 but below the 50-period EMA at $106.01.

This supports a short-term rebound interpretation without overturning the daily trend.

A daily close above Monday’s $106.08 high would put the 50-day EMA in reach. A subsequent close above $108.91–$108.96, where the October 13 high meets the 20-day EMA, would materially improve the recovery toward $111.92–$113.27.

Failure to hold $103.43 would weaken that scenario and bring $101.00 into view. A daily close below $100.34 would invalidate the latest rebound.

Aerodrome Loses Support Despite Its 24-Hour Gain
Aerodrome’s positive rolling return contrasts with a weaker completed daily chart. It closed October 19 at $0.7957, down 0.39%, following Sunday’s close below $0.8300. The October 16 report had identified that level as the invalidation point for the earlier recovery.

AERO Price Analysis 2026 10 20
The latest aggregate quote was 12.08% below that report’s $0.919539 snapshot. This is a multi-day comparison, not the coin’s current 24-hour performance.

Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, placed the midpoint at $0.8516 and the lower band at $0.7481.

Price remained below the midpoint but inside the bands. The reading shows a weakened recovery, not an automatic buy signal near the lower band.

Monday’s $0.7636 low nearly matched the October 2 low at $0.7635, establishing a visible support test.

A daily close above $0.8090 would be an initial improvement; reclaiming $0.8516–$0.8574 would recover the band midpoint and Sunday’s high, strengthening a move toward $0.9045.

A close below $0.7635 would invalidate the support hold and expose the lower-band reference near $0.7481, which will change with subsequent closes.

Ondo Tests the First Retracement of Its Latest Decline
Ondo closed at $0.43493, up 0.10%, after recovering from Sunday’s $0.41049 low. The rebound remained small relative to the decline from the October 12 swing high at $0.53150.

AERO/USD daily Bollinger Bands show price below the $0.8516 midpoint after losing $0.8300 support, with repeated lows near $0.7635.
Fibonacci levels measure an upward retracement of that specific October 12–18 downswing.

The 23.6% level is $0.43905, 38.2% is $0.45672, the 50% midpoint is $0.47100 and 61.8% is $0.48527. Monday’s completed close remained below the first level.

The live October 20 Kraken candle subsequently reached $0.44373 and last traded at $0.44139 in the captured response.

That put price above 23.6% intraday, but it did not confirm a daily close above the retracement.

A daily close above $0.44496, Sunday’s high, would strengthen the rebound toward $0.45672.

Clearing that level would improve the approach to $0.47100 and the October 16 high at $0.47649. A daily close below $0.42764 would weaken the immediate recovery, with $0.42200 and $0.41049 next.

A new low below $0.41049 would invalidate these retracement anchors and require recalculation.

1inch adds 450+ Ondo tokenized US stocks and ETFs on Solana, using Fusion RFQ matching for MEV-resistant execution of assets backed 1:1 by regulated custody.

@1inch has added more than 450 tokenized public stocks and ETFs from @OndoFinance to its Solana routing, giving users on the @Solana network access to tokenized equity trading through the 1inch ecosystem. The integration uses 1inch Fusion's RFQ matching protocol and the company's consumer apps to deliver MEV-resistant execution for tokenized assets backed 1:1 by shares held in regulated custody.

How the integration worksOndo's tokens are designed to mirror the underlying securities. According to Ondo's legal documentation, the tokens are fully backed on a 1:1 basis, plus a buffer, by securities held through a regulated custodial broker-dealer, along with cash in transit. Ondo's documentation also states that the structure is a note issued by a bankruptcy-remote special purpose vehicle in the British Virgin Islands.

Holders should note the legal distinction. MetaMask's explainer on Ondo Stocks says the tokens give economic exposure to an asset's price and total return, including reinvested dividends, rather than legal ownership. It adds that equities are held via US-registered broker-dealer Alpaca Markets and verified through independent attestations from Ankura Trust.

Ondo's tokens are aimed at users outside the US. Ondo has said its tokenized stocks are available from anywhere outside the US, subject to jurisdictional and other restrictions, and that mints and redemptions are aligned with market hours while transfers can happen at any time.

Ondo's growth on Solana1inch is not new to the Ondo ecosystem. At the platform's September 2025 launch, The Block reported that 1inch had upgraded its Swap API to give access to the tokenized assets through its dapp, wallet and partner platforms in eligible jurisdictions.

Ondo then expanded to Solana. Ondo said in a post on Solana's website that users could access more than 200 tokenized US stocks and ETFs on the network at launch, including NVDA, AAPL, META, SPY and QQQ. The platform has since been renamed Ondo Stocks. Genfinity reported that the rebrand followed TVL passing $1 billion and the catalog growing above 438 assets.

The 1inch integration brings that catalog into a DEX routing environment. For traders, the pitch is tighter pricing and protection from MEV, the practice of reordering or inserting transactions to extract value, on assets that track traditional equity markets. As with all tokenized securities, access depends on local eligibility rules, and the tokens do not carry the same rights as shares held directly.

Sources:

Ondo Finance: Legal and Regulatory documentationMetaMask: What is Ondo Stocks?Solana: Ondo Global Markets on Solana

Evernorth, the XRP treasury company backed by Ripple, has hinted at a special announcement at Ripple Swell 2026, taking place in New York City from October 27 to 29.

In a post on X, Evernorth said, “Something special is planned for Ripple Swell 2026,” but did not reveal any details.

The teaser comes ahead of Ripple’s annual conference, where financial institutions, payment companies, regulators, and crypto industry leaders gather to discuss blockchain and digital finance.

Evernorth Joins Ripple Swell 2026 as an Official Partner
Evernorth is an official partner of Ripple Swell 2026, alongside Ondo, RedotPay, SALT Conference, Water, the XRP Ledger Foundation, XRPL Commons, and ZILO. 

The conference will take place at The Shed in Hudson Yards, New York City. This year, Ripple Swell, XRPL Apex, and UBRI Connect will be held together, bringing financial institutions, blockchain developers, and academic researchers under one roof.

Notably, Evernorth went public on Nasdaq this month under the ticker XRPN. The company focuses on holding XRP as a publicly traded treasury firm and is backed by Ripple.

Former Ripple exec Asheesh Birla is Evernorth’s CEO. Ripple CEO Brad Garlinghouse and XRP Ledger co-creator David Schwartz are among its advisors.

What Will Evernorth Announce?
Evernorth has not revealed what it plans to announce at Ripple Swell 2026. It could be a new product, a partnership, or an update to its XRP treasury operations.

Given its focus on XRP and its connection to Ripple, the announcement could involve institutional XRP investments or the wider XRP Ledger ecosystem. 

As the conference approaches, Evernorth’s teaser has added to the excitement around an event focused on traditional finance, digital assets, and blockchain technology.

Something special is planned for @RippleSwell 2026. 🐻

Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: https://t.co/nmW9NrOrGY pic.twitter.com/H97kPMKM70

— evernorthxrp (@evernorthxrp) October 19, 2026

Ripple Swell Agenda Focuses on XRP Ledger Developments
Meanwhile, Ripple Swell 2026 will cover institutional adoption, tokenization, stablecoins, digital asset management, and the future of the XRP Ledger (XRPL).

One key session, titled “Building What’s Next for XRPL,” will feature David Schwartz and Ripple engineering director Ayo Akinyele on October 28 at 4:30 p.m. ET.

The session will discuss new developments in privacy, artificial intelligence, decentralized finance, scalability, and technology for financial institutions.

Other sessions will explore how AI could automate payments, how real-world assets can be tokenized, and how financial institutions can use blockchain technology.

Ripple will also present updates on payments, stablecoins, treasury management, and the use of XRP.

Speakers from Robinhood, BNY, CME Group, Coinbase Institutional, and other financial and technology companies are also expected to attend.

Multicoin Capital says Hyperliquid's HYPE token is the largest position in its hedge fund, as the $2.7 billion firm stays focused on crypto rather than standalone AI deals.

Multicoin Capital says Hyperliquid (@HyperliquidX) $HYPE is now the largest position in its hedge fund, underscoring the firm's commitment to digital assets as venture rivals move into artificial intelligence.

General partner Spencer Applebaum said the firm acquired the holding through public markets. FXStreet, citing Bloomberg, reported that Applebaum, who is also co-head of venture investments, declined to disclose the size of the position.

Multicoin stays focused on cryptoThe firm manages about $2.7 billion. Speaking to Bloomberg, Applebaum said Multicoin does not plan to widen its mandate to include pure-play AI companies. Bitcoin(.)com News quoted him as saying: "We believe we have an edge in crypto, and we want to stay true to it."

That stance separates Multicoin from some peers. According to Bitcoin(.)com News, Paradigm, Framework Ventures and Haun Ventures have broadened their investment strategies as AI absorbs more venture capital.

Multicoin is not shutting out AI entirely where it intersects with crypto. TokenPost reported that the firm has invested through its hedge and venture funds in Grass, a decentralized bandwidth network used by AI labs.

Venture fund deployment and HYPE thesisApplebaum also addressed the pace of the firm's venture fund. TokenPost reported that Multicoin raised a $422 million venture fund in 2022 and has deployed it gradually as startup valuations fell after the collapse of FTX.

The HYPE position is not a new theme for the firm. Coin Edition noted that Multicoin disclosed significant HYPE exposure in June, when its valuation model projected a potential price of $319 by 2028 under base-case assumptions. The outlet added that the forecast depends on trading growth, market share, token supply and regulatory developments.

Applebaum said the firm typically holds public investments for years rather than trading them over short periods, according to Bitcoin(.)com News. That suggests the HYPE position reflects a long-term view rather than a short-term trade, though the size of the holding remains undisclosed.

Sources:

FXStreet: Multicoin's top holding is Hyperliquid
Bitcoin(.)com News: Multicoin shuns AI push, keeps HYPE as its largest crypto bet
TokenPost: Multicoin Capital rules out pure AI investments

The Hyperliquid Policy Center filed a comment letter with the SEC on Monday supporting its proposed Regulation Crypto Assets and asking for five revisions before the commission votes. The comment window on docket S7-2026-27 closes today.

The letter, signed by chief executive Jake Chervinsky and senior counsel Brad Bourque, backs the proposal the SEC released in August. That proposal would let qualifying crypto projects raise up to $5 million over as long as four years under a startup exemption, or up to $75 million in any 12-month period under a separate fundraising exemption.

The group's five requests cover:

Airdrops. Write the SEC's March interpretation into the rule text, so that a free token distribution is not an investment of money when recipients give no tangible, definable consideration. The group argues that connecting a wallet or passing sanctions screening should not count as payment.Secondary trading. Use the SEC's authority under Section 36 of the Exchange Act to grant conditional exemptions for qualifying secondary-market activity, including on decentralized platforms.Developers. Protect projects that are still building their tokens.Buybacks. Separate automated repurchases that run on fixed, published rules from discretionary ones steered by a central party, and adopt a single definition of "central party."State law. Make federal preemption of certain state registration requirements permanent, so that projects that qualify for the safe harbor are not exposed to state rules afterward.The buyback request touches Hyperliquid's own token. The platform uses its trading fees to buy back HYPE, and SEC staff already address the question in a crypto FAQ amended on September 28, which says a buyback announcement is not a promise of managerial effort where the system is functional and has no central party. The group wants that staff position in the final rule, and wants the rule to say what happens when someone can change a buyback's parameters.

Blockhead covered why that matters to valuation in May, when Bitwise's CIO argued HYPE was mispriced because the market was paying roughly 10 to 14 times a buyback stream he put at $800 million to $1 billion a year. A regulatory line between automated and discretionary repurchases bears directly on how that stream gets treated.

The letter follows a pattern Blockhead has tracked as the legislative route narrowed. Hyperliquid's ETF complex lost momentum in August, which Blockhead reported as JPMorgan flagged regulated competition, and the platform has long blocked US users while Wall Street desks traded its weekend derivatives. After the Senate's CLARITY vote failed in September, the SEC and CFTC moved to write rules themselves, which Blockhead covered as the agencies acting unilaterally. The policy center filed a CFTC comment with Phantom in July and met the SEC's Crypto Task Force the same month.

The letter is a set of requests, not rules. After today's deadline the commission weighs the comments before a vote, and SEC Chair Paul Atkins has said legislation is still needed to make the rules durable. For projects deciding whether to launch tokens in the US or abroad, the airdrop and buyback language in the final text will matter more than the dollar caps.

Unusual activity has been detected in addresses linked to Irish drug traffickers holding 6,000 Bitcoin, with 500 BTC transferred to Coinbase Prime.

Per Lookonchain's monitoring, a Bitcoin wallet allegedly belonging to Irish drug trafficker Clifton Collins—dormant for over 10 years—has transferred 500 BTC to Coinbase Prime, valued at approximately $41.52 million. Collins was previously reported to have lost his private keys, leaving him unable to access roughly 6,000 BTC in his possession. It remains unclear what prompted the transfer and whether the private keys have been recovered.

4 minutes ago

Cross-border payments startup Mural has closed a $15 million Series A funding round, led by Tether.

Cross-border payments startup Mural, founded in 2022 by former Palantir engineers Sinclair Toffa and Chris Fernandes, has announced the completion of a $15 million Series A funding round led by Tether, with participation from North Island Ventures. Following this financing, Mural’s total funding stands at $28 million, while its specific valuation remains undisclosed.
Mural provides enterprises with a unified payment management platform that supports managing U.S. dollars, local currencies, and stablecoins in a single account, helping payroll providers, software companies, and fintech firms integrate banks, payment service providers, and cross-border settlement channels. The company plans to use the proceeds from this round to further develop its platform.
Tether CEO Paolo Ardoino stated that the investment also targets the financial service needs of AI agents. As AI agents gradually participate in financial activities, they require payment systems that operate 24/7 and cover global markets.
According to an Alvarez & Marsal report, stablecoin payments totaled approximately $400 billion in the first eight months of 2026. Chainalysis data shows that between July 2025 and June 2026, stablecoin cross-border fund flows reached $220 billion, a nearly 78% year-on-year increase.

4 minutes ago

Irish drug dealer Clifton Collins moves 500 BTC ($41.52M) after 10 years, from lost key stash

The 6,000 $BTC that Irish drug dealer #CliftonCollins reportedly lost the keys to are moving again!
A wallet belonging to #CliftonCollins deposited 500 $BTC ($41.52M) into #CoinbasePrime after more than 10 years of inactivity.

4 minutes ago

Hunter Biden: Over 12% of LAPTOP tokens have been permanently burned, with the burn mechanism triggered by a Nobel Peace Prize prediction.

Hunter Biden, son of U.S. President Joe Biden, announced in a post that over 12% of the total supply of LAPTOP tokens has been permanently burned. Of the burned tokens, 30% are tied to real-world prediction outcomes: if the relevant prediction comes true, the corresponding tokens will be burned; if the prediction does not materialize, the tokens will be donated to charity. The burn was triggered by a prediction related to the Nobel Peace Prize, and also includes all unclaimed airdrop tokens.

4 minutes ago

Strive Preferred Shares (SATS) debuts on Nasdaq, raising $630 million in its IPO, with an annual fixed dividend yield of 15%.

Strive's new preferred stock, SATS, has raised $630 million via an initial public offering (IPO) and listed on the Nasdaq. The proceeds will be used to increase Bitcoin holdings and invest in income-generating assets. The preferred stock offers a 15% annual fixed dividend, paid daily, with the first dividend scheduled for November 9.

4 minutes ago

US and Iran initially endorse Pakistan-brokered proposal, WTI and Brent crude futures dip in short-term trading

According to Israel's Channel 12, a proposal presented by Pakistan's Army Chief to senior Iranian officials today has received US approval, with Iran also giving preliminary assent. The proposal partially addresses Iran's demand for the return of frozen funds, specifying that interest generated from Iran's $6 billion in frozen assets held in Qatari banks will be transferred to Iran. Possibly driven by this news, US and Brent crude oil futures dipped around $0.8 in the short term, now standing at $97.51 per barrel and $105.76 per barrel respectively. On the news front, reports note that the US and Iran have preliminarily endorsed the Pakistan-brokered proposal.

4 minutes ago

Blockchain investigator ZachXBT has linked more than 87% of inflows into FreedomXMR, a cryptocurrency exchange service operating on Hyperliquid Core, to suspected illicit activity, with over $20 million traced to cybercrime-related sources.

Summary

ZachXBT says more than 87% of funds entering FreedomXMR on Hyperliquid Core are linked to illicit activity. The investigator traced over $20 million to ransomware, exploits, malware and social engineering attacks. The identified incidents include attacks involving DCENT Wallet, Fetch.ai, Axelar and Gamdom. ZachXBT linked the service’s Monero liquidity to KuCoin and identified more than 3,000 exchange deposits. The FXMR ticker was acquired for 518.28 HYPE on July 27, before the service reportedly appeared in August. In an October 20 investigation, ZachXBT identified FreedomXMR, known as FXMR, as a centralized laundering service that emerged on Hyperliquid Core in August 2026. His analysis covered historical incoming transactions exceeding $10,000 each.

The investigator connected the funds to ransomware payments, cryptocurrency exploits, malware and social engineering attacks. 

ZachXBT traces $20 million in suspected illicit inflows According to ZachXBT, the identified transactions include proceeds linked to the September 2026 incidents involving DCENT Wallet, Fetch.ai and Axelar, alongside an unnamed ransomware payment from the same month.

Funds associated with an October exploit involving online gambling platform Gamdom were identified among the incoming transfers.

The investigator stated that “more than 87% of its inflow volume is tied directly to illicit activity,” describing the service as one of several centralized operators using Hyperliquid’s infrastructure.

The $20 million figure represents the amount he traced to identified incidents among transactions above the $10,000 review threshold. His published statement does not establish the service’s complete lifetime transaction volume or independently document every source attribution.

Source: ZachXBT/Telegram ZachXBT identified 0x51687f549b9a4607e8e6f7714a0b986c0dbcdef2 as the FXMR hot wallet and listed three additional addresses as administrator-controlled wallets.

KuCoin deposits and Monero liquidity draw scrutiny The investigation further alleges that the administrator obtained Monero (XMR) liquidity through KuCoin.

ZachXBT identified more than 3,000 deposits to the cryptocurrency exchange from associated addresses and suggested that FXMR uses a swapping arrangement similar to Wagyu, another service he referenced.

Monero is a privacy-focused cryptocurrency that obscures certain transaction details. Its use can make tracing funds after conversion more difficult, although an XMR transaction does not by itself demonstrate criminal conduct.

The reported KuCoin transfers do not establish that the exchange knowingly participated in the alleged laundering activity. 

KuCoin has faced questions over suspicious transfers in previous investigations. In June, ZachXBT raised concerns about stolen funds linked to five alleged deposit addresses at the exchange following a reported USD 250,000 theft.

Separately, an investigation involving Monero transfers traced USD 120.2 million in USDT through several cryptocurrency services, including KuCoin. Tether subsequently froze USD 72.03 million associated with the case. Neither investigation establishes wrongdoing by KuCoin in connection with FreedomXMR.

Hyperliquid’s permissionless listing model faces scrutiny FreedomXMR reportedly secured the FXMR ticker through a Hyperliquid auction on July 27, paying 518.28 HYPE, valued at approximately $28,000 at the time.

Hyperliquid’s HIP-1 documentation confirms that token deployment uses a Dutch auction, allowing participants to acquire deployment rights without obtaining permission from a centralized listing committee.

The protocol’s official announcements explicitly state that user-deployed spot assets are not endorsed by the development team.

ZachXBT compared FXMR with b1exch, another alleged centralized laundering service he said had previously operated on Hyperliquid Core.

Moreover, ZachXBT has documented similar concerns in investigations involving stolen cryptocurrency moving through several services. An October report on the Bybit hack described his findings on an alleged laundering network connected to the 2025 exploit, including more than USD 12 million in traced funds.

The investigator said he had shared a spreadsheet containing supporting blockchain data with the Hyperliquid team. He did not report any resulting enforcement action, account restrictions or formal response from the protocol.

Pump.fun, the Solana platform best known as a factory for meme coins, now sells trading card packs too.

On October 19, 2026, the app integrated Collector Crypt’s gacha pack-opening feature and its trading card game marketplace. Collector Crypt’s native token, CARDS, rose 19% after the news, according to CoinGecko data.

The early numbers suggest this was more than a novelty tab. Users opened approximately $2 million in packs on the first day. That came from around 1,700 new users who engaged with the feature.

What actually launched
The integration lets Pump.fun users buy randomized packs of tokenized, graded trading cards. The inventory spans Pokémon, One Piece and a range of sports cards.

The launch-day volume carried real weight inside Collector Crypt’s own business. Pump.fun’s users drove roughly 20% of Collector Crypt’s total daily gachapon volume on day one.

How the pack machine works
Collector Crypt’s model sits at the intersection of physical collectibles and onchain trading. Each digital pack is linked to physical trading cards.

Once a card is pulled, the owner has options. The card can be traded on the blockchain, or it can be redeemed for the physical item.

The randomness is handled by a verifiable random function. That’s a cryptographic method designed so anyone can check that a draw wasn’t rigged after the fact.

Collector Crypt also offers a buyback on pulled cards. Depending on the pack tier, it will repurchase cards at 85% to 93% of their insured value.

A strong year for Collector Crypt
The Pump.fun deal lands on top of an already busy 2026 for Collector Crypt. It has frequently ranked among the top revenue-generating decentralized applications on Solana. Collector Crypt has also posted strong growth in user engagement over the same stretch.

What this means for Pump.fun, Collector Crypt and CARDS holders
For CARDS holders, the 19% move reflects a simple bet: more distribution should mean more volume. If Pump.fun keeps routing a sizable share of gachapon activity, Collector Crypt’s revenue picture could benefit.

Around 1,700 users and approximately $2 million in packs is a strong opening, but the real test is whether those users come back next week. The more useful signal will be whether Pump.fun’s share of daily volume holds near that roughly 20% mark over time.

There are risks on the product side too. Gacha mechanics are, at their core, games of chance, and the buyback range means instant sellers absorb a 7% to 15% haircut on insured value.

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

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Bitcoin

20 October 2026 | 16:30 Swiss retail investors will be able to buy a fund that holds Bitcoin directly after the Swiss Financial Market Supervisory Authority (FINMA) approved the country’s first Bitcoin ETF on 20 October. To approve it, the regulator exempted the fund from the risk-diversification rules that normally govern Swiss investment funds.

FINMA did not name the provider, the fee or a listing date, though it said other fund providers have already filed or announced applications. The fund will enter a market where more than 200 crypto ETPs already trade on SIX Swiss Exchange, so its case rests on what a fund structure offers that those products do not.

Key Takeaways

Systemic Milestone

FINMA approved Switzerland’s first retail fund investing directly in Bitcoin.

Rule Exemption

The fund is exempt from Swiss risk-diversification rules.

Historical Parallel

SIX listed its first crypto ETP on 22 November 2018.

Open Question

Issuer, fees, custodian and listing date remain undisclosed.

What FINMA approved, and the rule it set aside In its 20 October announcement, FINMA classified the ETF as an “other fund for alternative investments” with a specific risk. Swiss law uses that category for higher-risk strategies such as hedge funds, and FINMA said the fund documents must highlight and explain the risks clearly.

The crypto fund FINMA authorised in 2021 held a basket of cryptocurrencies and was open only to qualified investors. The new ETF holds a single asset and is open to retail buyers, a combination that required the exemption.

FINMA based that exemption on Bitcoin’s long trading history and high trading volume relative to other cryptocurrencies. Both are liquidity arguments: they show the fund can buy, value and sell its holdings efficiently. Neither addresses concentration, which is what diversification rules exist to limit. A holder of the fund carries Bitcoin’s full price risk, and FINMA itself warned that invested capital may lose a significant part of its value.

How the fund compares with the ETPs already on SIX Bitcoin exposure on a Swiss exchange is not new. SIX listed the first crypto ETP, a 21Shares basket product, on 22 November 2018. Its May 2026 crypto products report counted 215 crypto ETPs among 374 listed crypto products.

215
crypto ETPs listed on SIX Swiss Exchange in May 2026, out of 374 crypto products in total

SIX’s guide to the segment sets out the legal difference. A Swiss ETP must be fully collateralised, and an independent third party holds the collateral so it remains available if the issuer becomes insolvent. A Swiss ETF goes a step further: its assets are segregated by law and stay outside the provider’s estate in a bankruptcy. ETP investors rely on the collateral arrangement working as designed, while fund investors hold a claim on assets that are legally separate from the provider’s own.

FINMA also pointed to conduct rules at the point of sale. Firms offering the ETF must follow the Financial Services Act (FinSA), including clear risk warnings and a suitability assessment, which FINMA said gives investors more protection than buying cryptocurrency directly. The comparison there is with direct ownership rather than with ETPs, since FINMA’s reminder covers every crypto-based financial instrument.

Swiss crypto ETP Swiss Bitcoin ETF Legal form Collateralised exchange-traded security Investment fund under Swiss fund law If the provider fails Investors rely on collateral held by an independent third party Fund assets are segregated from the provider’s estate Diversification rules Fund diversification rules do not apply Apply in principle; FINMA granted an exemption Trading on SIX Since November 2018 Listing date not announced Fee example 0.21% standard management fee on the 21Shares Bitcoin Core ETP Not disclosed Neither route gives the investor a private key. Both deliver Bitcoin exposure through a brokerage account, so in both cases the coins sit with a custodian, and the fund’s legal protection is only as strong as the custody chain behind it.

Where the fund’s Bitcoin would be held FINMA tied the approval to its January 2026 custody guidance. Under that guidance, Swiss collective-investment assets must generally sit with a Swiss custodian bank. The bank may delegate safekeeping to another institution if that institution is subject to equivalent prudential supervision and protects cryptoassets in bankruptcy.

The fund

Assets segregated from the fund provider

→

Swiss custodian bank

Generally required for Swiss fund assets

→

Delegated custodian

Possible if supervised and bankruptcy-protected

The requirement narrows the risk without removing it. If safekeeping is delegated abroad, the protection depends on that jurisdiction’s insolvency law working as described, which is why the prospectus should name any sub-custodian and where it operates. The guidance also flags operational threats such as cyberattacks and weak protection of private keys, risks that legal segregation does not cover.

Why Switzerland’s route differs from the EU’s SIX notes that the EU’s UCITS framework, which governs mainstream European ETFs, does not allow cryptocurrencies as underlying assets and requires broad diversification. European investors therefore reach Bitcoin mainly through exchange-traded notes and other ETPs. The United States has permitted spot Bitcoin ETFs since January 2024.

Switzerland now offers both: collateralised ETPs and a single-asset Bitcoin fund of a kind EU fund rules do not permit. FINMA’s statement that further providers have applied points to more Swiss Bitcoin ETFs rather than a single test case.

What the listing documents need to show The counter-argument is cost. Full collateralisation already limits issuer risk in Swiss ETPs, and those products have years of trading on SIX. If the first ETF charges noticeably more than existing Bitcoin ETPs, legal segregation may not justify the premium for investors who buy and hold through a bank or broker.

The first SIX listing notice and prospectus will settle that question by disclosing the ongoing charge, the custodian and any delegated custodian, and the creation and redemption terms. A fee at or below the 0.21% standard rate 21Shares lists for its Bitcoin Core ETP would make the fund a direct competitor. A fee well above it would leave fund-law protection as its only selling point. Over the following months, approvals for the other applicants FINMA mentioned would show whether Bitcoin ETFs become a product category in Switzerland or remain a single listing.

This article is provided for informational purposes only and does not constitute financial, legal or investment advice.

Author

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

The US dollar has seen a significant erosion of its purchasing power over the past five years, with a decline of at least 20% based on the Federal Reserve’s preferred inflation metric. Sam Callahan, a noted financial analyst and leading voice in the Bitcoin sector, examined this trend, highlighting the rising impact of financial repression and shifting global financial dynamics.

Financial repression and inflation trendsCallahan pointed out that the central bank’s core Personal Consumption Expenditures (PCE) index, which averaged 3.7% during this period, illustrates ongoing inflation. According to Callahan, these conditions have led to what he termed “financial repression”—a situation where government policies are effective for fiscal interests but carry negative implications for everyday citizens.

He described the current environment as one where policy responses favor institutional actors to the detriment of the average person. Callahan noted that the US bond market has experienced the largest drawdown in its history, further impacting investors and savers.

Using the Fed’s own measures, the dollar has lost at least 20% of its value in just five years, while core PCE inflation remains far above target and US bonds undergo record losses.

Global financial developments and monetary assetsCallahan discussed several international financial trends, including recent decisions by index managers such as MSCI and a broader global reliance on debt expansion. He said that monetary debasement—the deliberate reduction of currency value—continues to offer governments a convenient means to address national debt burdens.

In addition, Callahan drew attention to protest actions in the monetary markets, such as increased interest in gold, which he described as a “monetary protest” and a reflection of waning confidence in central bank policies and credibility.

He questioned whether and when central banks will shift strategies to add Bitcoin to their reserves. Callahan argued that, alongside gold and the dollar, Bitcoin has emerged as one of the three key pillars of global reserves.

The analyst observed that some countries, like Brazil, have established readiness for holding Bitcoin in reserve, suggesting a global trend towards digital assets among treasury authorities.

Mini dictionary: Core PCE (Personal Consumption Expenditures) inflation is a measure of price changes in consumer goods and services, excluding food and energy. This metric is tracked by the Federal Reserve to assess underlying inflation trends in the economy.

The role of Bitcoin in the current climateAddressing the relationship between Bitcoin and interest rates, Callahan argued that Bitcoin’s success does not depend on cuts to central bank policy rates. Instead, he believes ongoing fiscal dominance—where government borrowing needs shape monetary policy—will continue to influence currency debasement and drive demand for alternative stores of value like Bitcoin.

Callahan emphasized that current policy approaches are working well for the government, but not for ordinary people, and warned that all paths appear to lead toward further currency debasement.

The analyst suggested the ongoing loss of purchasing power, combined with record bond drawdowns and persistent inflation, will keep the focus on Bitcoin as investors and institutions look for alternatives to traditional assets.

While Bitcoin’s price was sliding, institutional money was moving in the opposite direction. U.S. spot Bitcoin ETFs recorded $526.6 million in net inflows on October 19, the largest single-day total since September 22, according to tracking data. Bitcoin had softened roughly 2% over the prior week, with trading hovering near or below the $81,500 mark.

One fund did the heavy lifting
BlackRock’s iShares Bitcoin Trust, known as IBIT, pulled in $665.2 million on its own, marking its largest single-day inflow since October 7, 2025. That figure is larger than the total net inflow for the day precisely because other funds were bleeding. Fidelity’s FBTC shed $83.6 million in net flows, while Grayscale’s GBTC posted outflows of $54.9 million. Every other Bitcoin ETF in the market recorded zero net flows on the same day.

A rough October in context
Despite the strong single-day number, Bitcoin ETFs remained down approximately $90.5 million month-to-date for October as of the 19th. Total assets across all Bitcoin ETFs stand at roughly $105.46 billion, representing approximately 6.4% of Bitcoin’s market capitalization. Since launch in January 2024, Bitcoin ETFs have accumulated more than $57.4 billion in cumulative net inflows.

Ether ETFs posted outflows of $103.3 million on October 19, extending a losing streak to four consecutive days of net withdrawals.

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

Strive has closed an upsized $630 million preferred stock offering, introducing a new fixed dividend security as the Bitcoin treasury company expands its financing options beyond its existing SATA shares.

Summary

Bitcoin treasury firm Strive closed its upsized $630 million public offering after selling 7 million SATS preferred shares at $90 each.
The new SATS shares carry a 15% annual dividend rate and are expected to begin trading on Nasdaq under the ticker SATS around October 20.
Strive CEO Matt Cole said the offering would provide another source of capital while strengthening the credit profile of its existing SATA preferred stock.
The company outlined plans to establish a dividend reserve covering 18 months of payments, equivalent to $157.5 million at the final offering size.

According to the company’s October 20 announcement, Strive sold 7 million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 apiece, with trading expected to begin on the Nasdaq Global Market under the ticker SATS on or around the same date.

The completed offering was 40% larger than the original 5 million shares proposed on October 13. Strive subsequently priced the upsized transaction on October 15, bringing gross proceeds to $630 million before underwriting fees, commissions and other expenses.

Strive Chairman and CEO Matt Cole called the offering a “critical milestone” in the company’s strategy to improve long-term returns for common shareholders. He said SATS would provide another way to raise capital while strengthening SATA’s credit profile, with the two securities serving different purposes. 

In his words, SATA is designed for “price stability,” while SATS focuses on “income stability.”

Strive’s SATS offers fixed 15% annual dividends
SATS carries a fixed annual dividend of 15% calculated against a stated value of $100 per share, even though investors purchased the stock at $90.

At the offering price, the $15 annual dividend represents an initial yield of approximately 16.67% if the full dividend is declared and paid. The rate remains fixed against the stated amount, meaning the effective yield for investors buying shares later will depend on their purchase price.

Dividend payments are scheduled for each business day beginning November 9, subject to approval by Strive’s board of directors and the availability of legally distributable funds. Because the dividends are cumulative, unpaid amounts continue to accrue under the security’s terms.

Strive said the first scheduled payment, if declared in full, would cover all accumulated and unpaid dividends from the offering’s closing date.

According to the company’s preliminary prospectus, Strive planned to set aside enough money to cover 18 months of dividend payments, using $22.50 per SATS share from its existing cash and securities. 

Based on the final offering of 7 million shares, the reserve would amount to $157.5 million. However, the company did not confirm how much had been placed in the reserve when it announced the offering’s closing.

New preferred shares sit below SATA in Strive’s capital structure
With SATS entering the market, Strive now has two preferred securities designed around different income arrangements. SATA uses a variable dividend rate that the company manages with an emphasis on price stability, while SATS offers a fixed rate intended to provide more predictable income.

According to Cole, this difference would help Strive maintain what it calls its Amplification Ratio, a measure used in its strategy to generate returns for common shareholders relative to Bitcoin.

The chief executive explained that SATS would place another layer of junior capital beneath SATA, improving the latter’s position within the company’s capital structure.

Strive has spent much of 2026 using preferred equity to finance Bitcoin purchases. In September, the company purchased 469 Bitcoin for approximately $36.6 million using proceeds from SATA, taking its reported holdings to 25,000 BTC.

A subsequent SATA funding estimate covered roughly $85.88 million raised across three trading sessions in late September. The estimate came from BitcoinTreasuries.net and did not establish that the company had spent the entire amount purchasing Bitcoin.

Strive’s preferred stock program had already undergone changes earlier in the year. As crypto.news reported in May, the company introduced business day dividend payments for SATA beginning in June, replacing its previous monthly payment arrangement.

Bitcoin buying remains a priority
Although the latest announcement focused on the completed offering and dividend terms, Strive’s October 15 SEC filing outlined several possible uses for the proceeds.

Bitcoin and Bitcoin related investments were among the permitted uses, alongside working capital, income producing assets, capital expenditures and potential repurchases of Strive’s common or SATA preferred shares.

The company retained flexibility to use funds for acquisitions of businesses, assets or technologies that complement its existing operations. No specific allocation among those purposes was disclosed in the closing announcement.

Strive Chief Risk Officer Jeff Walton said the company’s Bitcoin balance sheet gives preferred shareholders a way to monitor the assets supporting its dividend obligations.

“We don’t have any debt, or maturities, and we’re focused on a single obligation, the dividend,” Walton said.

Chief Investment Officer Ben Werkman described SATS as a fixed rate perpetual security intended for investors with different income requirements from those holding SATA.

The offering was conducted under Strive’s Form S-3 registration statement through a prospectus supplement and accompanying prospectus filed with the Securities and Exchange Commission.

Cross-border payments startup Mural has closed a $15 million Series A funding round, led by Tether.

Cross-border payments startup Mural, founded in 2022 by former Palantir engineers Sinclair Toffa and Chris Fernandes, has announced the completion of a $15 million Series A funding round led by Tether, with participation from North Island Ventures. Following this financing, Mural’s total funding stands at $28 million, while its specific valuation remains undisclosed.
Mural provides enterprises with a unified payment management platform that supports managing U.S. dollars, local currencies, and stablecoins in a single account, helping payroll providers, software companies, and fintech firms integrate banks, payment service providers, and cross-border settlement channels. The company plans to use the proceeds from this round to further develop its platform.
Tether CEO Paolo Ardoino stated that the investment also targets the financial service needs of AI agents. As AI agents gradually participate in financial activities, they require payment systems that operate 24/7 and cover global markets.
According to an Alvarez & Marsal report, stablecoin payments totaled approximately $400 billion in the first eight months of 2026. Chainalysis data shows that between July 2025 and June 2026, stablecoin cross-border fund flows reached $220 billion, a nearly 78% year-on-year increase.

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Irish drug dealer Clifton Collins moves 500 BTC ($41.52M) after 10 years, from lost key stash

The 6,000 $BTC that Irish drug dealer #CliftonCollins reportedly lost the keys to are moving again!
A wallet belonging to #CliftonCollins deposited 500 $BTC ($41.52M) into #CoinbasePrime after more than 10 years of inactivity.

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Hunter Biden: Over 12% of LAPTOP tokens have been permanently burned, with the burn mechanism triggered by a Nobel Peace Prize prediction.

Hunter Biden, son of U.S. President Joe Biden, announced in a post that over 12% of the total supply of LAPTOP tokens has been permanently burned. Of the burned tokens, 30% are tied to real-world prediction outcomes: if the relevant prediction comes true, the corresponding tokens will be burned; if the prediction does not materialize, the tokens will be donated to charity. The burn was triggered by a prediction related to the Nobel Peace Prize, and also includes all unclaimed airdrop tokens.

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Strive Preferred Shares (SATS) debuts on Nasdaq, raising $630 million in its IPO, with an annual fixed dividend yield of 15%.

Strive's new preferred stock, SATS, has raised $630 million via an initial public offering (IPO) and listed on the Nasdaq. The proceeds will be used to increase Bitcoin holdings and invest in income-generating assets. The preferred stock offers a 15% annual fixed dividend, paid daily, with the first dividend scheduled for November 9.

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US and Iran initially endorse Pakistan-brokered proposal, WTI and Brent crude futures dip in short-term trading

According to Israel's Channel 12, a proposal presented by Pakistan's Army Chief to senior Iranian officials today has received US approval, with Iran also giving preliminary assent. The proposal partially addresses Iran's demand for the return of frozen funds, specifying that interest generated from Iran's $6 billion in frozen assets held in Qatari banks will be transferred to Iran. Possibly driven by this news, US and Brent crude oil futures dipped around $0.8 in the short term, now standing at $97.51 per barrel and $105.76 per barrel respectively. On the news front, reports note that the US and Iran have preliminarily endorsed the Pakistan-brokered proposal.

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The US stock market's storage sector turned positive during intraday trading, with Seagate Technology rising 1.45%.

According to market data from BIT (Bit.com), the US stock storage sector turned positive during intraday trading, with individual stocks posting gains: SanDisk up 0.53%, Micron up 0.38%, Seagate Technology up 1.45%, and Western Digital up 1.09%.

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The bank plans to offer Bitcoin, Ether and USDT through its existing apps, while Russian rules impose testing and purchase limits on non-qualified investors.

The bank plans to offer Bitcoin, Ether and USDT through its existing apps, while Russian rules impose testing and purchase limits on non-qualified investors.

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BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crash

On October 20, 2026, the Astana Financial Services Authority disclosed injunctions against the operators of BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase and WEEX. The regulator’s announcement concerns a September 15 judgment, varied on September 18, restricting unlicensed digital asset services and mobile-app distribution within the Astana International Financial Centre.

AFSA’s publication record dates the announcement to October 20 at 09:44 UTC, a disclosure of injunctions issued the previous month. The underlying orders set out the platforms’ obligations and the territory they cover. They also specify the conditions under which Apple and Google become bound, limiting what AFSA’s account establishes about access restrictions.

The injunction stops at the AIFC boundary The varied order restrains the operators from providing, offering or marketing digital asset services on AIFC territory, or to users located there, without the required authorization. A separate provision covers distribution: the operators cannot make mobile applications available through any platform for unauthorized services in that territory or to those users. Both the services and the distribution of their apps fall under the restriction.

The injunction does not cover Kazakhstan nationwide. In the original judgment, the court explains why changes in national legislation required narrower relief. Amendments to the Law on Digital Assets took effect on May 1, 2026. They deleted Article 11 and introduced a detailed national regime through Article 12-1. The judgment reads that change as assigning the wider regulatory role to the National Bank.

AFSA’s authority over unlicensed activity inside the centre remains the basis for the restraints. The court gave AFSA permission to seek a variation if it could present a properly reasoned basis for broader terms. AFSA would have to make another application to pursue that relief. The permission itself does not extend the order’s territorial reach: its operative wording still identifies the AIFC and users located there.

LBank’s operator took a separate route out of the proceedings. AFSA says it independently blocked access to services in Kazakhstan, after which the court removed it from the order on September 18. The regulator describes that operator’s action as Kazakhstan-wide. The service and distribution clauses in the varied order impose a narrower geographic restriction on the operators that remain subject to the injunction.

Apple and Google are bound upon service The varied order directs that notice be served on Google and Apple. Upon service, they become bound by the judgment and order as though they had been parties to the claim. The operative wording makes service a condition of that obligation. AFSA’s announcement says it will send the orders to the app-store operators; it does not record that service has been completed.

The court declined to grant the separate app-store injunction AFSA sought. The platform operators had judgment entered against them by default. Apple and Google were not themselves parties in default. The judge questioned the legal basis for an independent injunction through that procedure and whether the court should grant one without first giving the companies an opportunity to make representations.

Instead, the judgment calls for dialogue between AFSA and the app-store operators about the specific steps needed to prevent unlawful activity. It leaves practical measures to that engagement in the first instance, while the order sets out how Apple and Google become bound. The disclosed documents do not show a completed app-removal operation under these orders.

Once bound, the app-store operators face a possible contempt finding if they knowingly permit the platforms to breach the injunction, the judgment says. It gives knowingly allowing distribution through their stores in breach of the restriction as an example. Apple and Google also have a separate right to ask the court to set aside or vary the judgment or order, provided they acknowledge service under the court rules.

Default judgment and the enforcement campaign The judgment records that the named operators failed to file an acknowledgment of service or a defence within the required time. The court entered a default judgment without their participation at trial. LBank’s later removal changed which operators remained subject to it. The revised order names the other platforms and retains the restrictions on their services and application distribution.

The varied order also makes the remaining operators jointly and severally liable for AFSA’s costs of KZT 1,995,479.95. The order identifies this as the claimant’s costs of the proceedings, a litigation-cost award separate from the operating restrictions. It does not allocate compensation to customers of the platforms or provide a mechanism for returning their assets.

AFSA says the litigation followed written warnings sent to more than 20 crypto platforms in 2025. Court proceedings began in early 2026 against platforms that continued operating without a licence. According to the announcement, nine platforms voluntarily restricted application access in Kazakhstan through Google Play and the Apple App Store. AFSA withdrew its claims against those platforms after they imposed the restrictions.

A further seven platforms expressed an intention to obtain an AFSA licence to operate digital asset trading facilities, according to the regulator. Those statements concern an intention to seek authorization, not an issued licence. AFSA reports them separately from the platforms that voluntarily restricted access and from the remaining named operators now subject to the injunctions.

The restraints cover customers’ access to unlicensed services and the apps distributing them within the AIFC. AFSA also warns that clients of unlicensed platforms lack the protections applicable to licensed firms for safeguarding assets, information disclosure, complaints handling and dispute resolution. Its announcement provides no completed-service date for Apple or Google and no confirmed implementation date for app-store restrictions under these orders.

Evernorth Holdings, a company backed by Ripple, has filed a prospectus with the U.S. Securities and Exchange Commission (SEC) to register 11,499,992 Class A common shares. These shares are tied to the company’s public warrants, as Evernorth explores further expansion of its XRP holdings.

According to the filing, the 11.5 million Class A shares may be issued if public warrant holders choose to exercise their rights to buy shares at $11.50 each. With Evernorth’s stock trading at $15.45 as of October 16, the warrants are currently “in the money.” This means exercising them could be attractive to warrant holders, due to the difference between the exercise price and the current stock price.

A warrant grants its holder the option to purchase a company’s stock at a specific price. When the market price trades above this threshold, warrant holders may profit by purchasing shares below market value and potentially selling them at the prevailing price.

However, the prospectus does not result in an immediate release of all 11.5 million shares. The total number of new shares issued will depend on how many warrant holders actually decide to exercise their warrants for cash.

Share typeShares registeredWarrant exercise priceStock price (Oct 16)Warrant price (Oct 16)Class A common11,499,992$11.50$15.45$4.16 Evernorth has registered 11,499,992 Class A shares issuable on warrant exercise at $11.50 each. On October 16, these shares traded nearly $4 above the exercise price, making the warrants in the money.

XRP Treasury ObjectivesEvernorth, which is actively working to build a treasury of XRP, has indicated that it intends to sell more equity units to support additional purchases of the cryptocurrency. XRP is a digital payment asset closely associated with Ripple, designed for fast and low-cost international value transfers.

Despite these ambitions, the current prospectus does not directly state that proceeds from the warrant exercises will be used to buy more XRP. The company also has not confirmed any recent XRP purchases linked to the new filing. Evernorth could decide in the future to allocate funds raised through exercised warrants to expand its XRP reserves, but those decisions remain at the company’s discretion.

Mini dictionary: Evernorth Holdings is a U.S.-based financial and technology company known for building blockchain-based products. It has attracted attention due to its partnership with Ripple and its stated intention to hold XRP as a treasury asset.

Market participants have watched Evernorth’s strategy closely, as increased demand for XRP from corporate treasuries could potentially influence the asset’s price direction, especially during periods of trading consolidation.

Evernorth has stated intentions to issue additional equity units to finance future XRP purchases, although the latest prospectus does not guarantee such acquisitions will occur.

Should the registered warrants be exercised and new shares issued, existing shareholders could see their holdings diluted. Share dilution occurs when the total number of outstanding shares increases, reducing each investor’s proportional ownership.

The prospectus clarifies that while Evernorth would receive cash if warrants are exercised at $11.50 per share, the company will not benefit from proceeds when those shares are later sold by investors through the public markets.

For investors in XRP, the key question remains whether Evernorth will translate fundraising from share and warrant activity into larger cryptocurrency holdings. The answer will likely depend on the company’s future treasury policies and operational decisions.

As bulls continue to lose strength, XRP price risks falling below $1.00, especially after losing its 50-day moving average.

Widely followed analyst 360Trader highlighted this warning on X, noting a fair value gap (FVG) below the token’s current price.

The analyst said XRP was trading near its 200-day moving average at approximately $1.28 after losing the 50-day average. He also pointed to an unswept low below the current price and warned that a breakdown could expose XRP to a liquidity zone extending toward $1.00.

Meanwhile, the analyst suggested that the potential decline could present a buying opportunity. Specifically, he noted that if XRP reaches $1.00, he would be ready to accumulate more tokens.

XRP Chart Highlights $1.28 as a Key Level The XRP/USD chart shows the token trading around $1.31. The $1.28 area near the 200-day moving average is serving as a key level to watch. Below it, the blue-shaded fair value gap extends toward $1.00, marking the downside zone highlighted by 360Trader.

The volume profile also shows concentrated trading activity around $1.35–$1.45, an area XRP may need to reclaim to strengthen its recovery attempt.

XRP daily chart showing it holding the 200-day (~$1.28) FVG + liquidity waiting down to $1.00 Can XRP Price Avoid a Drop to $1.00? Holding above $1.28 could help XRP stabilize, while a breakdown may bring the lower liquidity zone into focus. At press time, XRP was trading at $1.29, down 6% over the past week.

Meanwhile, many market commentators are also sharing this bearish outlook on X. For instance, commenting on 360Trader’s post, analyst ChartNerd reiterated his long-standing prediction that XRP would dip below $1 again in 2026.

$XRP to revisit $1 territory by EOY. https://t.co/Szu3VnaO7O

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 13, 2026

Likewise, analyst Gerla has warned that XRP’s outlook is weakening after the latest weekly candle fell below a key indicator. He noted that a move below the 200-day exponential moving average (EMA) would back bearish momentum.

However, reclaiming $1.37 could improve the outlook for XRP. The coin must also break above its weekly 50-period moving average near $1.49 to strengthen its recovery prospects.

Despite the weakness, historical patterns suggest that XRP is approaching the bottom of its bear cycle. Its monthly chart shows the price below the 50-period moving average but above the 100-period average near $0.84, leaving room for a retest of $1.00 or a further decline toward $0.84.

Hope Remains However, these analysts insist that their predictions concern only XRP price short-term performance and do not affect their long-term outlook.

For instance, 360Trader’s bearish post also references his longer-term expectations for growth in the cryptocurrency market. The analyst cited predictions that trillions of dollars could flow into the market, although the timing and potential impact on XRP remain uncertain.

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.

As XRP's official X account went live, Ripple President Monica Long shared a message celebrating the people who built around XRP before its broader potential became obvious.

Engaging with the XRP official account's post, Long wrote on X: "The best part has been watching people build on something before it was obvious. Welcome @xrp!" Long added, celebrating the latest social media milestone while highlighting the importance of early builders who continued developing around the digital asset before it attracted wider recognition.

The best part has been watching people build on something before it was obvious.
Welcome @xrp!

HOT Stories

— Monica Long (@MonicaLongSF) October 19, 2026
Long's comments pointed to the role developers, builders, and community members play in growing the XRP ecosystem. The cryptocurrency has 8,247,694 addresses, a sign of the ecosystem's growth, according to XRP Scan.

On October 19, 2026 in a historic milestone, XRP's official X account went live under the @XRP handle after more than a decade, drawing enthusiastic reactions from Ripple executives and the wider XRP community. This marks more than 14 years after the XRP Ledger was initially launched.

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In 2011, three engineers—David Schwartz, Jed McCaleb, and Arthur Britto—began developing the XRP Ledger (XRPL), which later launched for the first time in June 2012.

The official XRP account posted its first message on X on October 19, a short logo video with the words "hello, world. It's about time." The post passed 260,000 views in about an hour and has surpassed 4 million views in less than 24 hours.

"This one has been a long time coming," Ripple CEO Brad Garlinghouse said in reaction to the debut of the official XRP X account.

Warning issued amid XRP buzzIn an earlier post, Hussein Zangana (Vet) hinted at many great announcements lately from big companies and institutions around XRP and the XRP Ledger. "I think this will probably accelerate in the coming weeks," he added.

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In this regard, Vet urged the XRP community to be cautious of scammers using vanity addresses and tokens to sell to them in exchange for real XRP/RLUSD.

Users are urged to treat everything offered, or that they see on explorers, as suspicious by default. They can only know if an XRP account or asset is legitimate if the institution or company discloses it on their official press sites; in other words, they should verify all information from official sources.

XRP whale outflows on Binance have fallen to their lowest levels since October 2021, showing that large holders have become much less active. 

XRP Whale Outflows Reach 5-Year Low Notably, the 90-day moving average (90-dma) of XRP whale outflows now stands at $49.7 million, far below the levels recorded during the previous market rally.

In February 2025, when XRP traded near its cycle peak of around $3.30, the same metric reached $3.5 billion. Daily outflow spikes also regularly exceeded $10 billion, as large investors moved significant amounts of XRP away from Binance. 

These withdrawals confirmed that XRP witnessed strong accumulation as whales transferred their tokens to private wallets. Since February 2025, however, whale outflows have declined steadily. 

XRP whale outflows on Binance drop to levels last seen in 2021 The 90-day moving average has dropped from $3.5 billion to $49.7 million, returning to levels last seen in October 2021. This period coincided with the peak of the previous Bitcoin market cycle, when institutional interest began to weaken, and large investors pulled back from aggressive market positions.

This comparison raises questions about XRP’s current position in the market. Although past trends do not guarantee similar outcomes, the latest reading shows that large holders are far less active than they were during the previous rally.

Why Lower XRP Whale Outflows Matter for Price Action Whale outflows from exchanges such as Binance often indicate accumulation. Large holders withdraw their tokens into private wallets, reducing the amount of XRP available for immediate sale on exchanges. 

When these withdrawals fall considerably, it may mean whales have slowed their buying activity and are waiting for better prices before committing more money.

XRP’s relative strength during the current bear market may help explain this change. During the previous downturns in 2022 and 2023, sharp price drops created deeper discounts that attracted large investors looking to build substantial positions. 

This cycle has not offered the same opportunity, as XRP has held up better than several other cryptocurrencies. The resilience may have made it harder for whales to find a price that justifies large purchases. 

Instead of accumulating XRP aggressively at current levels, large investors may be waiting for lower prices or better signs that the market is recovering.

The decline in whale outflows does not prove that large holders have stopped buying altogether. However, the drop in the 90-day average from $3.5 billion in February 2025 to $49.7 million in October 2026 shows how much their withdrawal activity has slowed.

XRP Price Decline Adds to Selling Pressure Currently, XRP trades at around $1.30, down approximately 61% from its cycle peak. The token has also fallen about 4.81% over the past seven days amid continued pressure on its price.

The lack of strong buying from whales could make a sustained recovery more difficult. Without greater demand from large investors, XRP may struggle to overcome selling pressure and maintain an upward move. 

Meanwhile, on-chain data shows another challenge, confirming that approximately 60% of the circulating XRP supply has a realized price of around $1.48.

This means a large portion of circulating XRP last changed hands at prices above the current market level. If the price climbs toward $1.48, some holders may sell to recover their initial investment. This could create additional resistance.

Could Low Whale Outflows Signal a Market Turnaround? Despite the current weakness, history shows there’s room for a possible recovery. Markets sometimes turn around after trading activity and investor interest fall to very low levels. As selling pressure eases, new buyers can begin to influence prices even before market sentiment improves.

For XRP, the question is whether the sharp decline in whale outflows indicates a prolonged wait for better prices or the later stages of the current market downturn. A decisive push above $1.65 alongside stronger buying activity could improve the bullish outlook. On the other hand, a break below $1.27 could expose XRP to further losses.

The National Cryptocurrency Association (NCA) has submitted a formal comment letter to the U.S. Treasury regarding Section 3 rules of the GENIUS Act, marking a significant step in clarifying stablecoin regulation.

Industry’s framework for stablecoin regulationStuart Alderoty, NCA President and Chief Legal Officer at Ripple, signed the document, confirming industry support for a one-hundred-percent reserve requirement for stablecoins. However, he emphasized the need for a practical approach to shield retail users from potential risks associated with regulatory changes.

Alderoty addressed the need to protect Americans from being “stranded holding stablecoins if regulations change.” The NCA proposes a safe-harbor mechanism: a designated period following any issuer’s license revocation or missed compliance deadline—such as the July 18, 2028 date—allowing users to redeem, sell, or convert their stablecoins without incurring losses. This measure aims to provide exchanges with the ability to assist users technically without facing accusations of unlawful trading during this window.

Retail holders must have a temporary window to redeem or convert their stablecoins if an issuer’s license lapses, ensuring they are not left vulnerable during regulatory transitions.

The comment letter also emphasizes the importance of clear legal pathways for recovering stolen assets. The NCA advocates permitting the reissuance of payment stablecoins, under a lawful court order, to replace those lost through theft or accidental transfers. This action would fall under the “except as required by a lawful order” clause, according to the association.

Mini dictionary: National Cryptocurrency Association (NCA), a U.S.-based industry group representing crypto sector interests in regulatory matters.

New boundaries for wallets and self-custodyThe NCA further outlined boundaries distinguishing custodial professionals from software developers. Under its proposal, providers of non-custodial wallets and simple balance-display interfaces that do not control private keys should not be classified as intermediaries or sellers by regulatory bodies.

Any transactions conducted directly between individual users or within their personal wallets should remain outside agency restrictions, maintaining the right to self-custody and peer-to-peer transfers.

Service TypeNCA Proposed ClassificationRegulatory ImpactCustodial wallet providersIntermediary/SellerSubject to agency rulesNon-custodial wallet softwareDeveloper/Interface onlyOutside agency restrictionsThe association recommends that direct peer-to-peer (P2P) transfers, internal account moves, and activity restricted to self-managed wallets be protected from federal intervention, preserving users’ fundamental rights in cryptocurrency management.

Implications for the retail marketBy submitting these recommendations, the NCA seeks to shift industry-regulator dialogue toward pragmatic solutions and clear separation of technological responsibilities. The association’s approach aims to define technology’s role while balancing regulatory objectives with market stability.

Market observers note that with this filing, industry leaders have effectively placed the onus for ensuring retail market stability on the Treasury Department. The agency will now determine the final strictness of stablecoin regulations in the coming months.