Spotové XRP ETF přilákaly za týden 75,59 milionu USD nového kapitálu a kumulativní čisté přílivy dosáhly 1,79 miliardy USD. XRP zároveň čeká na hlasování akcionářů Evernorth 30. září.
XRP has returned to the $1.50 area as traders prepare for a Sept. 30 shareholder vote on Evernorth Holdings’ planned Nasdaq transaction, while U.S. spot XRP ETFs continue attracting fresh capital.
Summary
XRP trades near $1.50 now as the September 30 Evernorth shareholder vote approaches this week. Spot XRP ETFs attracted $75.59 million last week, lifting cumulative net inflows to $1.79 billion. Evernorth holds 473.28 million XRP and plans a Nasdaq listing under the XRPN ticker symbol. September 30 shareholders will vote on Evernorth’s merger, while remaining closing conditions still require completion. Analysts identify $1.55 as immediate resistance, with higher price targets remaining conditional on confirmed breakouts. CoinGecko data show XRP trading near $1.54, with a 24-hour range between $1.50 and $1.55 and a market capitalization near $96.9 billion. Trading volume stood at roughly $2.7 billion when the data were checked.
The token had traded near $1.47 earlier during the latest pullback before recovering part of the decline. XRP remains above its recent sub-$1.30 lows but continues to face resistance around $1.55 to $1.60.
Two events now sit close together on the calendar. Armada Acquisition Corp. II shareholders will vote Wednesday on its proposed combination with Evernorth, while XRP is testing the same technical area that several analysts have identified as the next breakout level.
Can XRP price clear the $1.55 resistance? XRP has repeatedly struggled to establish a sustained move above the $1.55 region following its September recovery.
The daily chart shows XRP trading near $1.4753 after retreating from the recent $1.60 area. Price recovered from an August low near $1.00 before moving into a consolidation range between roughly $1.35 and $1.60. The latest decline of approximately 2.73% points to short-term weakness, while XRP remains well above its August low.
Momentum indicators remain modestly positive. The Relative Strength Index stands at 54.49, above the neutral 50 level but below its signal average near 57.03. The reading shows buying momentum has weakened from earlier September levels without reaching the overbought zone above 70.
XRP price chart, source: TradingView The MACD remains slightly bullish. Its line stands near 0.0518, above the signal line around 0.0481, while the histogram remains positive at approximately 0.0037. The narrow gap between the two lines shows bullish momentum remains limited as XRP consolidates below $1.60 resistance.
In related coverage, crypto.news reported on Sept. 25 that XRP had climbed back toward the 1.55–1.60 resistance zone after gaining nearly 16% over seven days.
Market analyst Ali Martinez has placed similar attention on $1.55. His Sept. 18 chart showed a possible inverse head-and-shoulders formation with its neckline around that level.
Martinez said a confirmed break above $1.55 could open a path toward approximately $2. The projection depends on the pattern completing and does not represent a confirmed price outcome.
Peter Brandt has presented a longer-term view. In a Sept. 21 chart shared on X, the veteran trader said the structure “implies an eventual advance to $5.40.” Brandt made clear that publishing the chart was not the same as placing a trade and gave no timetable for the target.
Brandt returned to XRP several days later and said traders did not need strong community loyalty to consider the asset. His comments referred to XRP’s chart structure, not a confirmed purchase or recommendation.
The immediate technical test remains much closer to current prices. XRP needs to establish a sustained move through roughly $1.55 before the higher chart projections identified by Martinez or other analysts become relevant.
XRP ETF inflows reach $1.79 billion U.S. spot XRP ETFs attracted $75.59 million in net inflows during the Sept. 21–25 trading week, according to SoSoValue data.
Bitwise’s XRP product accounted for $58.99 million of the weekly total. Franklin Templeton’s XRPZ added $16.60 million, taking their cumulative inflows to approximately $677 million and $501 million, respectively.
Combined historical net inflows for U.S. spot XRP funds have reached approximately $1.79 billion. The products held around $1.77 billion in net assets at the end of the week.
Friday produced $22.65 million of net inflows, following $20.02 million on Sept. 22, $18.04 million on Sept. 23 and $14.89 million on Sept. 24. Monday recorded no net movement.
Crypto.news had reported cumulative inflows near $1.76 billion on Sept. 25, before the full week’s flow data were available. The same report cited Santiment data showing large XRP holders accumulated 1.54 billion tokens within a 96-hour period.
Earlier in September, crypto.news reported that Bitwise’s XRP ETF alone held more than 365 million XRP worth roughly $507 million as of Aug. 30.
ETF flows measure capital entering and leaving the investment products. They do not establish that XRP must rise on the same day, and several sessions during September recorded inflows while the token declined.
Evernorth vote puts Sept. 30 in focus Armada Acquisition Corp. II shareholders are scheduled to vote Sept. 30 on the proposed business combination with Evernorth Holdings.
The U.S. Securities and Exchange Commission declared Evernorth’s Form S-4 registration statement effective on Aug. 27, allowing the companies to distribute definitive proxy materials and proceed with the vote. SEC effectiveness does not represent approval of the transaction or Evernorth’s XRP strategy.
As crypto.news previously reported, shareholders who held Armada shares on the Aug. 20 record date are eligible to vote at the virtual meeting. Public shareholders seeking redemption faced a Sept. 28 deadline under the proxy materials.
If shareholders approve the deal and the remaining conditions are met, the combined company expects to trade on Nasdaq under the ticker XRPN. Nasdaq listing requirements still have to be satisfied before the transaction can be completed.
Evernorth disclosed plans to operate an actively managed XRP treasury. Company materials say it intends to deploy assets through XRP Ledger infrastructure, treasury strategies and capital-market activity designed to increase XRP represented by each share over time. The objective remains a company plan, not a guaranteed financial result.
The company currently controls or has commitments covering approximately 473.28 million XRP. Evernorth announced in November 2025 that it had acquired an additional 84.37 million XRP for about $214 million, taking purchased and committed XRP above 473 million tokens.
Evernorth’s $30 million financing depends on closing Evernorth has arranged another $30 million of financing ahead of the shareholder vote, but the money has not yet been funded.
An SEC filing shows Evernorth signed a note purchase agreement on Sept. 11 with NH Investment & Securities, acting as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3.
The agreement covers $30 million of 4% convertible senior payment-in-kind notes due in 2031. The financing is scheduled to close only when Evernorth’s combination with Armada closes, which the filing says is expected during the fourth quarter.
Evernorth may use proceeds for general corporate purposes, including additional XRP purchases and activities within the XRP ecosystem. The filing does not require the entire $30 million to be spent on XRP.
As crypto.news reported, describing the agreement as a completed $30 million raise would be premature because issuance and payment remain conditional on the business combination closing.
The proposed transaction originally involved more than $1 billion of gross proceeds backed by investors including Ripple, SBI Holdings, Pantera Capital and Kraken. Evernorth amended parts of the structure in August after XRP fell below the $2.36 reference price used when the original agreement was signed.
Under the revised structure, the number of shares issued at closing will adjust with XRP’s market price. Evernorth said investors representing more than 95% of committed capital agreed to the amended terms.
The shareholder meeting remains scheduled for Sept. 30. Approval would still leave the parties to satisfy the business combination’s remaining closing requirements and Nasdaq’s conditions before Evernorth can complete the transaction and operate publicly under XRPN.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
A viral clip from crypto influencer @strivex_ is making rounds again. It claims Ripple is targeting a $155 trillion global payments market.
It also suggests XRP could theoretically hit $15,000 if it replaces SWIFT. The post traces back to an earlier claim by @BANXRPLNEWS, which has been recirculating since at least June 2026. That $155T figure is real. But what it actually means for investors is a different story.
The $155T Claim Is Real, But It Is Not the Remittance Market Investors need to separate two very different numbers. Consumer remittances are roughly $685 billion a year. That is the market Ripple’s RLUSD stablecoin is targeting for retail cross-border transfers.
The $155 trillion figure, however, refers to global cross-border payments, the much larger SWIFT-linked corporate flow. These two markets are being mixed in the viral post.
🚨 RIPPLE IS TARGETING THE $155T REMITTANCE MARKET!
With ambitions to reshape global payments, $XRP could play a major role in the evolving financial system.
Follow @BANXRPLNEWS – they're giving away 100 XRP for every 2,000 followers. https://t.co/n0oKPKN2qR pic.twitter.com/2QrUkHGhps
— Ledger Man 🎩 (@strivex_) September 28, 2026
Ripple has been building quietly toward this vision. Last week, South Korea’s Jeonbuk Bank officially replaced multi-day SWIFT transfers with Ripple Payments for business customers. That is a live rail, not a projection.
Ripple CEO Brad Garlinghouse has pegged the official company opportunity at $120 trillion in corporate treasury payments, anchored by the GTreasury acquisition.
Meanwhile, Ripple Treasury’s client base already touches roughly $13 trillion in annual payment flows. That gap between the viral headline and the live business is where investors should focus.
The bigger tension is between XRP and RLUSD. As RLUSD’s market cap nears $2.5 billion, more settlement flows on the XRP Ledger are denominated in stablecoins, not XRP itself.
Ripple has already confirmed RLUSD targets a $13 trillion corporate treasury market.
That creates a demand question XRP investors cannot ignore: does volume growth translate into XRP demand, or does RLUSD absorb the flows?
What Is Actually Moving XRP Right Now Today’s buzz has a real calendar hook. Sibos 2026, the global banking conference where Ripple Treasury is presenting, opened in Miami this morning.
The timing is not coincidental. XRP advocates are using the conference narrative to revive the SWIFT-replacement story heading into a historically active week.
On the ground, there are legitimate proof points. JPMorgan, Ripple, and Ondo completed the first cross-border tokenized treasury settlement on the XRP Ledger.
Ripple also added XRP and RLUSD to Stripe and Tempo’s agentic payment rails. XRPL new-account creation spiked 320% above its average as XRP tagged $1.60 last week.
Derivatives traders are already leaning in. XRP futures open interest topped $4.1 billion, outpacing Hyperliquid and Zcash.
Call skew has turned crowded bullish. Still, 21Shares has flagged a utility-vs-holder-value gap, institutions can settle on the XRP Ledger without holding XRP. That risk is worth pricing in before chasing the $15,000 thumbnail.
The TAM is real. The rails are being built. But the question for XRP holders is whether they sit on the settlement asset or the plumbing no one sees.
Vitalik Buterin uvedl, že Hegota bude pravděpodobně poslední „normální“ fork Etherea. Další upgrady mají přinést rekurzivní STARKy, automatizovanou formální verifikaci, vysoce optimalizované konsensuální algoritmy a kvantově bezpečné technologie.
Ethereum co-founder Vitalik Buterin says the network's next hard fork, Hegota, is likely to be the last upgrade that looks like the ones that came before it. In an essay published on Sunday, Buterin wrote that Hegota, "the fork planned for next year," is "likely to be Ethereum's last 'normal' fork, with features and technology that would be recognizable to someone in 2015." Everything after it, he wrote, "involves recursive STARKs, automated formal verification, highly optimized consensus algorithms, and making it all quantum-safe."
Buterin describes the destination as a "cryptographic world computer", an architecture that combines a blockchain with cryptographic privacy and verification and decentralised off-chain components. The goal, he wrote, is "much more cheap, scalable and private high-security computation" than earlier technology could deliver.
The cryptographic world computer:https://t.co/ueayODeUPo
My attempt to express in somewhat concise terms the true meaning of basically everything planned to happen to Ethereum starting from the fork after Hegota. It's really not just a blockchain anymore. It's a hybrid…
— vitalik.eth (@VitalikButerin) September 27, 2026 The essay compares Ethereum's design in 2015 with where Buterin expects it to be in 2030. The biggest change is in how nodes check the chain. Today a node downloads each block and re-executes it; in the future design it samples data through PeerDAS and verifies a SNARK proof that the block was executed correctly. That would let light clients verify both data availability and computation directly, instead of trusting full nodes.
Consensus would move to a proof-of-stake design with "few-slot finality", with slots of around four to eight seconds and finality in roughly eight to 32 seconds, against the roughly 17-second blocks and 200-second confirmation window of Ethereum's 2015 design. Block construction would shift from a single proposer to a multi-party process, with FOCIL (fork-choice enforced inclusion lists) providing what Buterin calls "guaranteed real-time transaction inclusion" as a defence against censorship. Transactions would pass through a mempool with strong privacy properties, and zero-knowledge proofs combined with private account abstraction would extend privacy to accounts as well as individual transactions.
Buterin argues this changes the role decentralisation plays. Running computation across many independent nodes has usually been treated as a cost paid for security, and he writes that it is "shifting from being purely a burden incurred in the name of safety and robustness to at least sometimes being a strength even from a performance perspective." He adds that a network like the post-Lean-upgrade Ethereum is called a blockchain "to a large extent for historical reasons."
The essay did not commit to specific dates. Much of what it describes, including real-time proving of Ethereum blocks and quantum-safe signature schemes, is still in research or early implementation, and each component will have to go through Ethereum's core developer process.
Velcí držitelé přidali za týden více než 320 000 ETH, zatímco americké spotové Ether ETF zaznamenaly čistý příliv kapitálu 689,8 milionu USD během pěti po sobě jdoucích seancí. Arthur Hayes zároveň vidí ETH na 5 000 USD zhruba za rok.
TLDR Arthur Hayes says ETH could reach $5,000 within about a year because of Robinhood Chain. ETH trades near $2,650 and would need a gain of close to 89% to hit that target. Analyst Ali Charts reports that large holders added more than 320,000 ETH in one week. US spot Ether ETFs took in $689.8 million over five straight sessions. About 1.61 million ETH is waiting to enter staking, compared with 161,000 ETH waiting to exit. Ethereum’s price could reach $5,000 within about a year, according to Arthur Hayes. The BitMEX co-founder made the prediction at EastPoint: Seoul 2026.
Ether traded near $2,650 when Hayes spoke. A move to his target would require a gain of close to 89%.
Hayes is chief investment officer at Maelstrom. He pointed to Robinhood’s decision to build its blockchain on Ethereum. “Robinhood has started a new narrative for Ethereum,” he said.
He argued that other large financial firms can now point to Robinhood when they make the case for building on Ethereum.
Robinhood Chain and Whale Activity Robinhood launched its chain’s public mainnet on July 1. It is an Ethereum Layer 2 built with Arbitrum technology, and it uses ETH as its native gas token.
By August, the chain had recorded nearly $9 billion in total decentralized exchange volume. Bitquery counted 597 million transactions on the network through Sept. 3.
Large holders have also become more active. Crypto analyst Ali Charts shared on X that Ethereum transactions worth more than $1 million jumped from 1,202 to 7,113 over the past week.
That is an increase of nearly 500%. Large transactions can include transfers between exchanges and custodians, so the data alone does not confirm buying.
In a separate post, Ali Charts said large wallets added more than 320,000 ETH over the same period. Those holdings are worth about $864 million at current prices.
2/5 Whale activity remains elevated across the Ethereum $ETH network.
Over the past week, transactions worth more than $1 million have surged nearly 500%, rising from 1,202 to 7,113. pic.twitter.com/r8m9TEuyct
— Ali Charts (@alicharts) September 27, 2026
US spot Ether ETFs recorded $689.8 million in net inflows from Sept. 21 through Sept. 25. BlackRock’s ETHA led with $326.2 million, and Fidelity’s FETH took in $174.1 million.
The five straight days of inflows reversed about $140.6 million in outflows from the week before.
Ethereum Price Faces Resistance Near $2,800 ETH rallied from around $2,400 in mid-September. On Sept. 23, it reached an intraday high near $2,789 before falling to $2,648.
Ethereum Price on CoinGecko Ali Charts also posted a chart showing a supply zone between $2,722 and $2,822. More than 13.3 million ETH was previously traded in that range.
According to the analyst, the next resistance levels above that zone are $2,970 and $3,366. Even a break above $2,800 would leave ETH about 40% below Hayes’ target.
After the pullback, ETH stayed above its 4-hour 50, 100 and 200-period moving averages.
Staking demand has stayed high. Validator Queue data on Sept. 28 showed about 1.61 million ETH waiting to enter staking, compared with roughly 161,000 ETH waiting to exit.
Around 43.5 million ETH is now staked, equal to 35.66% of supply. New validators face a wait of almost 28 days to join.
Zakladatel Cardana Charles Hoskinson tvrdí, že privacy projekt Midnight nakonec bude větší než Zcash díky kombinaci ochrany soukromí, AI, cross-chain funkcí a infrastruktury Cardana.
Cardano founder Charles Hoskinson has predicted that privacy-focused blockchain project Midnight will eventually become bigger than Zcash.
Hoskinson believes that this will happen due to a potent combination of privacy technology, artificial intelligence, cross-chain functionality, and Cardano infrastructure.
"Midnight will be bigger than ZCash: selective disclosure, Private Agents, Abstraction with a DeFi Kernel for all major chains, ZK + TEE + MPC, and Cardano's 24/7 uptime combined with the magic of Leios. LFG 2027," Hoskinson wrote.
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Weiss Crypto had earlier claimed that NIGHT had "a good chance of becoming one of the best plays of the next 24 months."
Hoskinson did not specify exactly what he meant by "bigger." The market cap of NIGHT currently stands at $437 million, which makes it the 122nd biggest cryptocurrency market capitalization, CoinGecko data shows. For comparison, ZEC has become a fixture within the top 10 with a market cap of $26.4 billion.
A specialized partner chain The Midnight mainnet went live in March. It is somewhat different from what the description "Cardano privacy chain" might imply.
It is a specialized layer-1 partner chain operating alongside Cardano. It maintains its own ledger, and transactions are processed independently. At the same time, its architecture has important connections with Cardano.
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During an extensive livestream on April 14, Hoskinson described Midnight as arguably the most exciting project Input Output was working on in 2026.
"Midnight is probably the most exciting project that we're working on this year," Hoskinson said.
The Cardano founder boasted about the sheer speed of Midnight's rollout.
"Usually it takes about two to three years for a token to go through all these trials and tribulations, but Midnight lives in fast mode," he said.
Cross-chain expansion is acceleratingAn important part of Hoskinson's latest statement is his reference to a DeFi kernel "for all major chains."
In August, VIA Labs deployed its universal cross-chain messaging system on Midnight. According to the Midnight Foundation, the integration connects Midnight with more than 130 public and private networks
Hoskinson previously argued that Midnight's economics are explicitly designed around cooperation. "The capacity exchange will accept Bitcoin and Ether and Solana and Avalanche and BNB. So, what we found is a tokenomics of cooperation instead of a tokenomics of an adversarial nature," he said.
Hoskinson went as far as describing Midnight as effectively becoming a privacy layer available across the cryptocurrency industry.
"Everything a holder of Night wants is to be friends with everybody in the space and a layer two to everyone effectively. And that's different," he said.
Binance Wallet nově umožňuje platit poplatky za gas v USDT na BNB Smart Chain, Ethereum, Solana a TRON, takže už není nutné držet nativní tokeny těchto sítí.
Binance Wallet has added USDT gas-fee payments on four blockchain networks as of Sept. 25, allowing users to transact without first holding each chain’s native gas token.
Summary
Binance Wallet now lets users pay blockchain gas fees with USDT across four supported networks. BNB Smart Chain, Ethereum, Solana and TRON support the new USDT gas payment option today. Users can alternatively fund gas from Binance Exchange balances holding supported assets across eligible networks. Binance says network fees still go to blockchain validators, not directly to the company itself. TRON users can receive zero gas fees through December 22 under a separate promotional program. According to Binance’s updated support documentation Binance Wallet gas-fee guide, the option currently works on BNB Smart Chain, Ethereum, Solana and TRON. Users with USDT in Binance Wallet can select the stablecoin to cover the network fee when completing supported transactions.
Previously, users generally needed BNB for transactions on BNB Smart Chain, ETH on Ethereum, SOL on Solana and TRX on TRON. A wallet without the required native token could leave the user unable to complete an on-chain transaction even when it held the asset being transferred.
Binance Wallet Removes Native Gas Token Requirement With USDT Payments
Binance Wallet now allows users to pay gas fees with USDT on BNB Smart Chain, Ethereum, Solana and TRON, removing the need to hold each network’s native gas token before making transactions. Binance said… pic.twitter.com/6YCUDWL4Bd
— Wu Blockchain (@WuBlockchain) September 28, 2026 Binance said its wallet calculates the network fee based on current blockchain conditions. The company said more networks will gain support later, though it has not provided a rollout timetable.
Binance Wallet uses USDT for gas on four networks The USDT option changes how Binance Wallet users can fund transaction costs, but it does not remove the underlying blockchain fee. Validators or other network participants still receive the network charge required to process the transaction.
Binance states in its support guide that “none of the network fee goes to Binance.” The company distinguishes blockchain gas from service fees that Binance Wallet may charge for certain products, including swaps.
Network charges remain dynamic. Binance says congestion can push fees higher on Ethereum Virtual Machine networks and Solana as users compete for transaction processing. Lower activity can reduce the amount required.
TRON operates differently through its resource model, which uses bandwidth and energy. Users can obtain resources through mechanisms such as staking TRX or renting energy. When available resources cannot cover a transaction, TRX may be burned to pay the remaining cost, according to Binance’s explanation.
For Binance Wallet users, USDT now serves as another payment method for those costs on supported chains. Binance has not said the networks themselves have changed their native fee mechanisms.
Exchange balances provide another way to cover gas Users without enough USDT in Binance Wallet can use supported balances held in their Binance Exchange accounts on the same four networks.
The official Binance support page lists BNB, USDT, USDC, ETH and SOL among assets that can be used through eligible Spot, Funding or Earn balances. Users select the Exchange Account option when choosing how the network fee will be paid.
Binance lists several other routes when neither wallet USDT nor an eligible exchange balance is available. Users can transfer the required gas token from Binance Exchange, receive it from another wallet or buy supported assets using a bank card.
A separate option lets eligible users draw BNB from their Spot or Funding Account for gas on BNB Smart Chain, Ethereum and opBNB. Binance says users need more than 0.01 BNB in the relevant account before selecting that payment method.
The company continues to warn users to select the correct blockchain when moving assets between Binance and another wallet. Its withdrawal guide says choosing an incompatible network can result in assets becoming unrecoverable.
TRON users get a separate zero-gas offer The rollout follows a separate Binance Wallet promotion for transfers on TRON.
Starting Sept. 23, eligible users can receive zero gas fees when sending USDT and other TRC-20 tokens through Binance Wallet. The campaign runs through Dec. 22, 2026, according to a Binance Wallet announcement.
Binance said the offer is supported by TRON DAO and remains subject to available campaign spots. After the promotional period, the company said qualifying transfers will receive a discounted fee of 1 USDT per transaction.
To use the promotion, users start a transfer through Binance Wallet, select the token and destination, then choose the network-fee payer when signing the transaction. USDT can be selected as the payment method before confirmation.
The TRON promotion and the four-network USDT feature cover related transaction costs under different terms. The support documentation presents USDT as a payment option for gas on BNB Smart Chain, Ethereum, Solana and TRON, while the TRON campaign temporarily reduces eligible TRC-20 transfer charges to zero.
Binance Wallet has been reducing transaction friction Binance has made several changes to its self-custody wallet since renaming Binance Web3 Wallet in December 2024.
As crypto.news previously reported, the rebranded Binance Wallet introduced a unified wallet interface and changes to asset management and its airdrop section. Binance said at the time that upgrades would arrive in several stages.
Network fees remained separate from trading fees in later wallet promotions. In February 2025, Binance waived trading charges on eligible wallet swaps, while users still had to pay blockchain gas fees, as crypto.news reported.
Binance Wallet has since expanded the number of services available through the self-custody product. In April 2026, the wallet introduced perpetual futures trading through its app and web interface, with an Alpha Points campaign tied to trading volume, according to related crypto.news coverage.
By May, Binance Wallet had integrated Event Rush on BNB Chain, where verified users could trade tokens linked to event outcomes using USDT. The service operates through a third-party decentralized application and is restricted in some regions, as crypto.news reported.
Binance’s current documentation identifies Binance Wallet as a self-custody product provided by Binance Barbados Limited. The company states that the wallet services are not supervised by the Financial Services Regulatory Authority or another regulatory authority.
Quant (QNT) za týden vyskočil o 322 % na 257,69 USD po oznámeních o napojení na bankovní sítě pro tokenizované vklady v USA a Británii. The Clearing House i UK Finance oznámily projekty s účastí JPMorgan, Citi a Barclays.
Quant (QNT) has climbed 322% over the past week to $ 257.69. It also gained 52% in 24 hours, ranking among the top daily gainers.
The gains followed a pair of announcements on September 24. Both tied Quant’s software to bank-led tokenized deposit networks in the US and UK.
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Quant (QNT) Price Performance. Source: BeInCrypto MarketsThe Clearing House Brings Quant Into US Bank PlumbingThe Clearing House, owned by 25 of the largest US banks, selected Quant to power its On-Chain Money Initiative. It unveiled the initiative in June with backing from Bank of America, Citi, JPMorgan, and Wells Fargo.
This is a planned shared network for clearing and settling tokenized deposits between financial institutions around the clock. Tokenized deposits are digital versions of bank deposits that keep the same protections and oversight as ordinary deposits.
Quant will provide the network’s interoperability, orchestration, and transaction-management layer. Its technology will also link the network to existing fiat rails, including RTP and CHIPS.
The Clearing House expects the network to open to participating institutions in the first half of 2027. Its existing networks already settle over $2 trillion a day.
Quant founder and CEO Gilbert Verdian framed the deal in global terms.
“Tokenized deposits are now the de facto way banks move money on-chain, and The Clearing House sits at the heart of the U.S. banking system, meaning this partnership sets a standard for the rest of the world to follow,” Verdian said.
London Added a Second Headline the Same DayUK Finance announced the same day what it called the first live customer transactions using tokenized sterling deposits. The pilots ran on a shared platform that Quant developed for the Great British Tokenised Deposit (GBTD) initiative.
The initiative includes Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest, and Santander. The first transactions covered two remortgage completions and a marketplace purchase. In each, funds were locked and released automatically once conditions were met.
Meanwhile, analyst Ted Pillows also pointed to earlier partnerships on X. These include Quant’s March integration with Murex’s MX.3 platform. He also noted the European Central Bank (ECB) had picked Quant to help test the digital euro.
Quant’s 2025 announcement shows it was one of almost 70 ECB pioneer partners. Pillows added that QNT has broken out of a five-year downtrend. He said it could double from about $187, its price when he posted.
“If momentum continues, QNT could pull another 2x from its current level,” the analyst said.
That would put the altcoin near $373, still about 13% below its $427.42 all-time high from September 2021.
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Zano vrátil síť asi o měsíc zpět po exploitu Gateway Addresses, který umožnil neoprávněné vytváření ZANO a Freedom Dollar. Restart na bloku 3 833 000 má obnovit fixní nabídku, ale smaže i legitimní transakce z daného období.
Zano has rolled back approximately a month of blockchain history after a vulnerability involving Gateway Addresses allowed unauthorized ZANO and Freedom Dollar to enter circulation, according to its core team.
The Zano blockchain has been restarted at block 3,833,000, immediately before Hard Fork 6, which introduced the affected feature. The recovery requires participating nodes, miners, stakers, exchanges and other services to adopt the update, the team said Sunday.
The rollback invalidates a month of legitimate transactions along with the unauthorized tokens, meaning transactions made during that period will no longer appear on the recovered chain. It also cannot reverse payments already settled on other blockchains. The team said it is working to account for any losses and will publish a reimbursement and claims process.
“Doing nothing meant unauthorized ZANO and fUSD in circulation without limit, diluting every holder and breaking the most basic promise a currency makes: a fixed supply,” said Zano’s head of marketing and growth Quinten van Welzen. “It would also tell every future attacker that exploited coins get to keep their value. No project survives that.”
Zano identifies Gateway Address exploit Zano has not released a post-mortem at the time of publication, but confirmed the issue came from Gateway Addresses, a feature developed to make it easier for bridges, exchanges and payment services to integrate with Zano by letting them manage funds through a single account-style balance (similar to other blockchains).
Before Gateway Addresses, Zano’s ordinary wallets tracked funds as separate transaction outputs (UTXOs), rather than a single account balance. Exchanges and other services had to scan the blockchain to identify incoming payments, track those outputs and select which ones to spend when processing withdrawals.
Zano’s blockchain explorer shows the rollback taking place on Sunday. Source: Zano launched in May 2019 as a layer-1 blockchain focused on private payments. Its standard private transactions conceal senders, receivers, transferred amounts and asset types. While it has a native token, ZANO, the blockchain also allows users to deploy and mint custom digital assets. Freedom Dollar (fUSD) is one such token that operates on the Zano blockchain.
“Restarting the chain from before Hard Fork 6 costs a month of history, and it costs trust, which we’ll have to earn back,” said van Welzen.
“But it restores the supply everyone signed up for, and it leaves a path to rebuild. Which is better than 7 years of hard work left to die. We know it hurts. But not doing it would have hurt more.”
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Ondo Finance spustila Intelligent Portfolios s partnery z BlackRocku, čímž rozšiřuje tokenizaci tradičních investic na blockchainu. ONDO mezitím vystoupal nad 0,55 USD.
ONDO, the native token of Ondo Finance, has attracted renewed market interest amid the expansion of the company’s tokenization platform and a series of new institutional partnerships. Ondo Finance is a blockchain-based protocol focused on bringing traditional investment products to onchain markets, targeting both retail and institutional investors.
BlackRock collaboration and institutional growthOn September 24, Ondo Finance unveiled its Intelligent Portfolios, introducing blockchain tokens that represent diversified investment portfolios. The underlying strategies powering these portfolios were developed in partnership with BlackRock, the world’s largest asset manager. This launch will enable eligible non-U.S. investors to gain access to BlackRock’s investment strategies through onchain products, further strengthening the connection between traditional finance and decentralized platforms.
The new offering forms a core part of Ondo’s ongoing institutional tokenization strategy. After previously focusing on tokenized U.S. Treasuries, Ondo now aims to broaden its suite of traditional assets available in blockchain form, making investment opportunities more accessible while also attracting larger institutional players.
Ondo’s growing presence in the real-world asset (RWA) sector has played a significant role in the project’s expanding ecosystem.
Mini dictionary: Real-world asset (RWA) tokenization refers to creating digital tokens on a blockchain that represent physical or traditional financial assets, such as bonds, real estate, or commodities. These tokens allow such assets to be traded and managed within blockchain networks.
Market analysis and price targetsCrypto analyst Giannis Andreou estimated that the RWA market is currently valued at $38 billion, with Ondo accounting for approximately 12% of this segment. Andreou argued that if the overall tokenized asset market continues to expand, potentially reaching $1 trillion or more, Ondo could benefit considerably as long as it retains its share.
The ONDO token has recently seen stronger trading activity, in line with its ecosystem advancements. The price rebounded in September, having traded below $0.35 at the start of the month, and subsequently climbed above $0.55. This movement signaled a breakout from a prolonged bullish flag pattern that had formed over several months.
Team LAMBO Charts described ONDO’s move above the upper trendline as a significant breakout, noting that holders had waited through months of consolidation to see this technical development.
According to Team LAMBO Charts, continued momentum may push ONDO toward $0.66 should the breakout remain intact. The $0.55 to $0.56 area has emerged as a key zone for monitoring, as further consolidation above this level would likely reinforce the bullish trend. Conversely, a drop below this region could weaken the technical setup in the short term.
Key SupportCurrent PriceBreakout Target$0.55-$0.56Above $0.55$0.66Short- and long-term outlookAndreou identified ONDO as a leading candidate to benefit from the overall growth in tokenized assets, tying its future prospects to continued expansion in the RWA space and Ondo’s ability to maintain its market presence. However, he emphasized that realizing these gains hinges on substantial growth and further adoption of tokenized products.
Team LAMBO Charts, meanwhile, is focused on the technical momentum and notes that ONDO’s recovery above key resistance levels could pave the way for further gains if the breakout holds.
Both analysts stress different drivers: Andreou looks to fundamental growth in tokenized real-world assets, while Team LAMBO Charts focuses on price action and technical strength.
With its recent launches and partnerships, Ondo Finance continues to bridge traditional investing and blockchain innovation. The recent addition of Intelligent Portfolios signals an ongoing push for institution-focused tokenization, potentially increasing market interest in the ONDO token.
Investors and traders are expected to closely follow whether ONDO sustains its position above the former trendline resistance. The interplay between growing institutional involvement and further real-world asset adoption could play a decisive role in ONDO’s price direction in the coming months.
Michael Saylor zveřejnil další bitcoinový graf s nápisem „Even more orange“, což často předchází novému nákupu Strategy. Minulý týden firma oznámila nákup 950 BTC za zhruba 76 milionů USD.
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted a new Bitcoin (BTC) chart on Sunday with the caption “Even more orange.” Posts like this one have often come a day before the company reports new Bitcoin purchases.
Strategy is the largest public company holding Bitcoin. It reports its purchases in filings with US regulators, usually on Mondays.
Last Sunday’s Orange Post Came a Day Before a 950 BTC BuyOrange is Bitcoin’s brand color. Each orange dot on Saylor’s chart marks a purchase, and bigger dots mean bigger buys.
Michael Saylor Bitcoin Buy Signal. Source: Saylor on X “Even more orange,” Saylor indicated.
Last Sunday, he posted a similar chart captioned “A little more orange.” That evening, BeInCrypto reported Saylor’s buying hint and said Monday’s update would settle it.
It did. The next day, MicroStrategy disclosed a 950 BTC purchase worth about $76 million, or $79,670 per coin, according to its ledger. That brought its holdings to 846,000 BTC.
Notably, however, the signal does not always lead to a buy, though. The week before, Strategy’s filing showed no Bitcoin bought or sold.
Why MicroStrategy’s Next Bitcoin Move MattersStrategy has not only been buying this year. Its ledger lists four sales between June 30 and August 10, totaling 6,916 BTC.
Last week it also spent $174 million buying back STRC, a preferred share that pays holders a monthly dividend. That was more than twice what it spent on Bitcoin.
Right now, Bitcoin trades near $84,974, up 1% over 24 hours. That puts the price about 13% above Strategy’s average cost of roughly $75,416 per coin. Earlier this month, the company sat 2% above cost.
Monday’s filing will show whether last week’s 950 coins restarted steady buying or set a slower pace.
Bitget začne od 28. září v 08:00 UTC postupně obnovovat výběry po bezpečnostním incidentu v peněženkové infrastruktuře. Jako první se otevřou výběry Bitcoinu, poté Etheru 29. září, USDT 30. září a nakonec všech zbývajících aktiv 2. října.
Cryptocurrency exchange Bitget will begin restoring customer withdrawals in stages from September 28, four days after it detected and contained a security incident in its wallet infrastructure. The vulnerability behind the breach has been identified and remediated, and the exchange is reopening withdrawals in dated phases while independent security firms review the fix, according to a notice on Bitget’s support center. Trading and deposits have continued uninterrupted throughout the pause.
Four phases for the return of withdrawals Bitcoin withdrawals reopen first, at 08:00 UTC on September 28, on the Bitcoin network. Ether withdrawals follow at the same time on September 29 across Ethereum, BNB Smart Chain, Arbitrum, Base and Optimism. Tether’s USDT returns on September 30 across Ethereum, BNB Smart Chain, Solana and Tron, and all remaining tokens, fiat services and peer-to-peer transfers are scheduled for October 2. Bitget said the staggered rollout lets it restore services “as quickly and safely as possible” while its teams finish security checks across the withdrawal infrastructure. The phased schedule also lets the exchange bring withdrawals back in an orderly way, and Bitget said the same timetable applies consistently across users without preference.
Bitget said its security and technical teams have been running additional validation and security checks, with independent cybersecurity firm Mandiant and blockchain security company SlowMist supporting the investigation. The exchange described the withdrawal pause as a precaution “not related to the availability of user assets,” said account balances remain unaffected, and said its Protection Fund covers the financial impact of the incident. Bitget added that the incident remains contained and that no further unauthorized transfers are possible. Users do not need to take any action ahead of the rollout, and the exchange said withdrawal availability will appear directly on the Bitget platform as each phase opens.
Recovery after the hot wallet breach The resumption follows the exchange’s disclosure that it detected unauthorized transfers from some of its hot wallets on September 24 and later confirmed a $351.6 million hot wallet breach. Bitget said its cold wallets were secure and that trading and deposits continued throughout the pause. The episode underscores the security trade-off between internet-connected hot wallets and offline cold storage, which exchanges use to keep the bulk of customer assets away from the network. Bitget has asked users to follow its official channels for updates as the remaining phases come online.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
DYORSWAP uvedl, že po incidentu s falešnou GIWA Mainnet 9134 vyplatil poškozeným uživatelům více než 200 ETH z vlastních prostředků. Vyšetřování dál pokračuje.
Multichain DEX DYORSWAP has released an official statement on the "False GIWA Mainnet 9134 Incident", clarifying that this was not an attack on DYORSWAP’s contracts, but rather the project and its users were affected by a fake network impersonating the GIWA Mainnet 9134. This network features a bridge and batcher similar to OP Stack, and was deployed at 02:10:59 (UTC+8) on September 27, 2026. Approximately 8.5 hours before deployment, the address received around 0.045 ETH from an address associated with ChangeHero. Just 39 blocks after the bridge went live, three deposits totaling 0.4 ETH entered in the same second, two of which were the first outgoing transactions from their respective wallets. DYORSWAP believes these addresses strongly match the characteristics of internal test wallets. The fake L2 then began operating normally and posted transaction batches to the Ethereum mainnet. Data shows that a total of 1,335 addresses deposited approximately 767.65 ETH into the bridge, with roughly 766.25 ETH ultimately siphoned off. The siphoning transactions occurred in Ethereum block 26067309. The DYORSWAP team stated that it has distributed more than 200 ETH to affected users using its own funds, adding that the investigation is ongoing and will trace the deployer, source of funds, test wallets, batcher infrastructure, and the destination of the siphoned funds.
COO společnosti Jupiter Kash Dhanda říká, že DeFi musí nabídnout řešení 5–10× lepší než tradiční finance, aby přilákalo velký institucionální kapitál. Jupiter mezitím reorganizoval svou produktovou řadu na Trade, Earn a Manage.
If you’re building a DeFi product that’s 15% better than what traditional finance offers, Kash Dhanda has a message for you: that’s not going to work.
Jupiter’s COO has been making the case that decentralized finance needs to deliver something on the order of five to ten times better than existing financial infrastructure to pull serious institutional capital on-chain.
The case against incrementalism This isn’t just philosophical musing from Dhanda. Jupiter has been putting infrastructure behind the thesis, restructuring its entire product suite in July 2026 into three focused pillars: Trade, Earn, and Manage. The reorganization is designed to transform Jupiter from a swap aggregator into something closer to a full-service financial platform, what the team has been calling a “super app” for on-chain finance.
The numbers suggest the strategy has traction. Jupiter has processed over $1.2 trillion in trading volumes and counts more than 44 million connected wallets, giving it the highest total value locked on Solana.
Building the plumbing for institutional comfort Jupiter Lend reached a total supply of $1 billion. The platform has also introduced Offer Book, a feature designed to integrate fixed-rate lending into the DeFi experience.
Then there’s JupUSD, a stablecoin built in collaboration with Ethena.
The GUM omnichain hub extends Jupiter’s reach beyond Solana into a multi-chain environment.
Why the 5-10x framing matters Consider what “5-10x better” could look like in practice. Settlement that takes seconds instead of days. Lending markets that operate 24/7 without intermediaries taking a cut. Transparent, auditable collateral backing instead of opaque balance sheets. Yield products accessible to anyone with an internet connection rather than just accredited investors meeting arbitrary wealth thresholds.
The restructuring into Trade, Earn, and Manage pillars mirrors how traditional financial platforms organize their offerings.
What to watch from here The $1 billion milestone in Jupiter Lend’s total supply is worth monitoring as a leading indicator. If lending volumes continue climbing at that pace, it suggests the platform is successfully converting crypto-native users into more sophisticated DeFi participants who use multiple financial products rather than just swapping tokens.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Ethena oznámila partnerství s Binance, které rozšiřuje její strategii basis trade do equity perpetuals. Zároveň se řeší návrh, jenž by mohl nasměrovat až 95 % čistých příjmů protokolu na buybacky ENA.
TLDR: ENA rallied 277% from its July low, trading above key moving averages near $0.30 resistance. Roughly $90 million in ENA was newly staked, pushing total locked supply near $1.26 billion. Ethena partners with Binance to extend its basis trade strategy into equity perpetuals markets. A new governance proposal could direct up to 95% of protocol revenue toward ENA buybacks. Ethena’s ENA token climbed to $0.269, marking a 277% increase from its July 1 low of $0.071. The token trades above both its 7-day and 30-day moving averages, a bullish technical signal.
ENA gained 31.6% over the past week alone. Stablecoin market capitalization tied to the protocol rose by $35.8 million in a single day. Traders now watch the $0.30 resistance level as a potential turning point for Ethena’s next price move.
Staking Growth Signals Rising Confidence in ENA Roughly $90 million worth of ENA was newly staked over the recent period, according to data shared by 10x Research. This pushed the total locked supply of the token to nearly $1.26 billion.
ENA is at $0.269, up 277% from its $0.071 low on Jul 1.
What is going on?
*** Ethena (ENA-USDT is above the 7-day moving average -> bullish, and is above the 30-day moving average -> bullish, with 1 week change of +31.6%)
*** Adding $35.8 million in stablecoin market cap in a… pic.twitter.com/vIifRa7XHl
— 10x Research (@10xResearch) September 26, 2026
The increase in staked supply suggests holders are choosing to lock tokens rather than sell into the rally. A growing staked base can reduce circulating supply available for trading. This dynamic often supports price stability during periods of heightened volatility.
Binance Wallet also introduced a new incentive tied to Ethena’s stablecoin, USDe. Through its Hold to Earn program, users can now access up to 4.75% annual percentage yield simply by holding USDe.
The offering gives everyday Binance users a direct incentive to hold the stablecoin. This expands USDe distribution beyond DeFi-native audiences into the broader retail base.
Separately, Ethena’s community is reviewing a major governance proposal. The proposal calls for a fee switch that would direct up to 95% of net protocol revenues toward ENA token buybacks.
If approved, the mechanism would tie protocol earnings more directly to token holders. Buyback programs of this kind have historically supported token valuations across the sector.
Binance Partnership Expands Collateral Reach for USDe Ethena announced a partnership with Binance to extend its basis trade strategy into equity perpetuals. The move represents one of the biggest updates to USDe’s collateral backing since the stablecoin launched.
Ethena stated the partnership expands its addressable collateral market from roughly $2.5 trillion in crypto assets to more than $150 trillion in real-world assets. This shift opens the door to a substantially larger pool of backing assets.
Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.
This expands the addressable market of underlying collateral from $2.5 trillion of… pic.twitter.com/be4Mz7XHk1
— Ethena (@ethena) September 25, 2026
Under the arrangement, bStocks will function as tokenized spot collateral. These positions will be hedged using Binance’s USDT-denominated equity perpetual contracts.
Ethena described this as the same delta-neutral structure it has used across crypto assets since inception. Binance is also providing lower auto-deleveraging priority for eligible delta-neutral accounts, including Ethena’s own positions, adding a layer of risk mitigation for USDe holders.
Binance’s equity basis has averaged more than 11% annualized over the past six months. Open interest in that market has grown by roughly 30% per month over the last three months.
Ethena expects the equity perpetuals opportunity to eventually surpass the $15 billion in crypto perpetuals it captured during the previous market cycle. Allocations under the new partnership began immediately following the announcement.
Analysts Eye $0.30 as the Next Key Price Level Independent analyst Giannis Andreou described $0.30 as a decisive level for ENA’s next directional move. The token was trading just below that resistance following its recent rally.
Andreou noted that a confirmed break and hold above $0.30 would strengthen the bullish case for further gains. He pointed to $0.36 as the next potential target if that breakout materializes.
🟣 $ENA IS AT A MAJOR DECISION POINT$ENA is now trading right below the $0.30 resistance after a strong move higher.
For me, this level decides the next big move.
If ENA breaks $0.30 and holds above it, I see a higher-probability path toward $0.36 first, with room for much… pic.twitter.com/BzKY7QK79a
— Giannis Andreou (@gandreou007) September 26, 2026
Andreou placed roughly 70% probability on the bullish breakout scenario continuing to play out. He said momentum could carry ENA well beyond the $0.36 mark if buying pressure persists. Sustained volume above resistance would likely be needed to confirm this path.
On the other hand, Andreou assigned about 30% probability to a deeper correction. He identified $0.263 as the key support level to watch on the downside.
A drop below that threshold would weaken the current setup and open room for a more pronounced pullback in ENA’s price.
Kelp DAO žaluje LayerZero a CEO Bryana Pellegrina kvůli dubnovému exploitu na rsETH bridge za zhruba 292 milionů USD. Spor se přesouvá k soudu v Britské Kolumbii.
Evercrest Technologies, the developer behind liquid restaking protocol Kelp DAO, has sued LayerZero Labs and its co-founder and CEO Bryan Pellegrino in the Supreme Court of British Columbia, escalating a months-long blame dispute over the April exploit of the rsETH bridge into formal litigation. The notice of civil claim is dated September 24 and was published by Kelp late on Thursday. Kelp argues the roughly $292 million attack “was a direct result of LayerZero’s failures,” while LayerZero has maintained in its own post-incident statement that the loss came from Kelp’s single-verifier setup.
What the claim alleges The filing pleads negligent misrepresentation, negligence and defamation, and seeks damages including aggravated and punitive damages, though it names no figure. Evercrest says LayerZero “reviewed and endorsed” the bridge deployment and configuration in writing before the attack, and that it warned another integrator about risks in its default setup but never gave Kelp the same warning. Kelp said it filed the case to “correct the record” and to hold LayerZero and Pellegrino accountable “for the harm they have caused us and the broader DeFi ecosystem.”
LayerZero’s response Pellegrino pushed back within hours. “The claim continues to be meritless, will meet them in Vancouver and defend myself accordingly,” he wrote on X. LayerZero’s statement said the April 18 attack was isolated to Kelp’s rsETH configuration “as a direct consequence of their single-DVN setup,” a configuration it said “directly contradicts the multi-DVN redundancy model” the protocol recommends to integrators. The company attributed the breach to North Korea’s Lazarus Group and said attackers poisoned RPC infrastructure so its verifier confirmed a forged cross-chain message.
From exploit to court The April 18 attack released 116,500 rsETH that was not backed by any deposits, worth about $292 million at the time. Kelp has said users withdrew more than $650 million in the aftermath and that it committed 2,000 ETH to restore the token’s backing. The protocol has spent the months since working to recover funds, most of which analysts have flagged as laundered and unrecoverable, and is migrating the rsETH bridge to Chainlink’s Cross-Chain Interoperability Protocol. No court has yet ruled on the allegations, and the case now moves through British Columbia’s standard civil process.
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Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
Hyperliquid v nadcházejícím upgradu sníží strop funding sazby z 4 % za hodinu na 0,5 % po zpětné vazbě od uživatelů. Současně zvýší limity pro HIP-4 outcome kontrakty: maximální počet aktivních outcome kontraktů, které může jeden deployer držet současně, vzroste z 100 na 200 a denní limit nasazení outcome kontraktů se zvýší z 500 na 1000.
Hyperliquid announced in a statement that, based on user feedback, it will lower the funding rate cap from 4% per hour to 0.5% in its upcoming network upgrade. The official noted that this cap was rarely hit in actual operations. Additionally, per developer feedback, Hyperliquid will adjust deployment limits for HIP-4 outcome contracts: the maximum number of active outcome contracts a single deployer can hold simultaneously will be increased from 100 to 200, while the daily deployment cap for outcome contracts will be raised from 500 to 1000.
Relevant content
Strive’s CEO, following in Michael Saylor’s footsteps, hinted in a post that he may add to his Bitcoin holdings next week.
Matt Cole, CEO of Bitcoin treasury firm Strive, posted the message “Turn amplification up some more,” hinting that the company will increase its Bitcoin holdings next week. The move follows the practice of Michael Saylor, founder of Strategy, the world’s largest Bitcoin treasury company. Both firms have a pattern of posting hints about Bitcoin purchases on Sundays, then announcing the exact size of the holdings addition on the following Monday. Earlier on September 21, Strive’s Cole disclosed that the firm bought 1,355 BTC for $107.7 million, at an average cost of $79,475 per coin, bringing its total BTC holdings to 26,355.
1 hours ago
Trump is expected to hold more talks with Iran, with new discussions possibly kicking off as early as Monday.
According to Axios, one day after rejecting Iran’s proposal to end the war, U.S. President Donald Trump said he expects U.S. negotiators to hold more talks with Iran this week. Qatar and other regional mediators are attempting to restart U.S.-Iran negotiations, but the two sides have major differences on key issues. While Iran wants to focus talks on the Strait of Hormuz and U.S. maritime blockades, the Trump administration is demanding Iran make concessions on the nuclear issue. Two regional sources confirmed Trump’s remarks about more talks this week. They anticipate a new round of indirect dialogue between the U.S. and Iran as early as Monday, though it remains unclear whether the two sides can bridge their gaps. Trump stated: “I expect we will have more talks with Iran this week. They want to reach an agreement, but that’s not the agreement I want to make. That’s probably an agreement we would have agreed to a year ago. They misjudged the situation and are asking too much.”
1 hours ago
Analysis: U.S. Treasury yields have surged to near 20-year highs, yet U.S. stocks have remained resilient amid headwinds, with AI serving as a key pillar of support.
Despite the U.S. 10-year Treasury yield climbing to a nearly 20-year high, U.S. stocks have remained resilient, with the S&P 500 index seeing no notable impact. This divergence has prompted investors to re-examine the historical relationship between surging bond yields and stock market performance. Historical experience shows that rising yields do not necessarily trigger stock market declines. In 1994, the Federal Reserve’s rate hikes triggered a bond market sell-off, pushing the S&P 500 down roughly 8% at one point, before the index clawed back losses as the economy and corporate earnings held up. In 2016, markets viewed rising yields as a sign of economic recovery and policy normalization, leading U.S. stocks to rise in tandem with Treasury yields. By contrast, the Fed’s aggressive rate hikes in 2022 weighed on both bond and stock markets, resulting in a sharp drop for the S&P 500. In 2026, U.S. stocks are facing a similar scenario of rising yields paired with resilient economic growth. Large-scale investments in AI infrastructure by tech firms are supporting the economy and stock market, while a U.S.-Iran deal that could push oil prices lower may also ease inflationary pressures. However, bearish views argue that the Fed may need to keep raising rates until stocks and broader financial conditions are sufficiently tightened. Bank of America interest rate strategist Meghan Swiber noted that current strong performance in stocks and other risk assets has not yet sent the Fed a clear signal that demand is slowing.
1 hours ago
Viewpoint: After Bitcoin broke through $86,000, supply above this level is thin, leaving only a 23% upside potential to $125,000.
Bitfinex released a graphic analysis noting that if Bitcoin breaks through $86,000, market supply above that level will drop sharply, leaving only approximately 23% of upside to reach $125,000. Over 1 million BTC are currently concentrated in the $84,000–$86,000 range, forming a key short-term resistance level. Separately, Bitcoin spot ETFs have recorded a cumulative net inflow of around $2.98 billion over the past seven trading sessions, as the market gradually absorbs this supply pressure. If BTC closes above $87,400 and ETF inflows persist, it will indicate that buyers have successfully absorbed current selling pressure, and the overhead supply wall may subsequently weaken.
1 hours ago
Vitalik releases original novel *Snowmoon* under the GPL v3 open source license.
Ethereum co-founder Vitalik Buterin announced in a post today that his original speculative sci-fi novel *Snowmoon* (《雪月》) is complete, spanning 32 chapters. Set in a world deeply reliant on cryptography and decentralized governance, the story focuses on ideological clashes between societies including Veridia and the Arctic Empire, integrating elements such as zero-knowledge proofs, quadratic voting, privacy technologies, and content-oriented tax mechanisms, while touching on mechanism design and digital sovereignty—topics Buterin has long prioritized. The novel is released under the GPL v3 license. Buterin noted that adaptations into films, animations, and other derivative works are permitted, though he requires open-sourcing of related production pipelines, including non-generic materials like AI prompts and scripts. He clarified that all text was written by himself, with AI only assisting in spelling and grammar checks, setting consistency verification, and web formatting, adding the note: “Snowmoon was written with love.”
1 hours ago
A US official: Iran’s bet that the midterm elections would weaken Trump’s bargaining chips is a miscalculation.
According to Fox News, a Trump administration official stated that Iran is miscalculating if it believes rising prices and the midterm elections will weaken U.S. President Donald Trump’s leverage in negotiations to end the nearly seven-month conflict. Although no breakthrough was announced after the three-hour talks this week, the U.S. government remains confident that growing economic pressure will push Iran to reach an agreement. Tommy Pigott, the State Department’s chief deputy spokesperson, said President Trump holds all the cards.
Pump.fun has transferred another 47,994 SOL worth approximately $5.83 million to Kraken as on-chain trackers continue monitoring the launchpad’s treasury movements.
Summary
Pump.fun moved 47,994 SOL worth roughly $5.83 million to Kraken, according to Lookonchain data today. Lookonchain estimates Pump.fun has sold 5.236 million SOL worth $848 million since platform operations began. Pump.fun’s official dashboard shows $463.5 million spent on PUMP buybacks and burns through late September. Solana traded near $121 after the transfer, gaining roughly 1% over the previous 24 hours. Earlier Pump.fun transfers to Kraken have repeatedly preceded or accompanied treasury conversions tracked on-chain publicly. Lookonchain reported on Sept. 27 that the Solana-based platform moved the tokens to the centralized exchange roughly two hours before its update. The analytics service classified the transaction as another sale and estimated Pump.fun’s cumulative SOL sales at 5,236,623 tokens worth around $848 million.
At an estimated average price of $162 per SOL, the cumulative figure extends a pattern of large transfers from Pump.fun-linked wallets to Kraken. The latest blockchain movement confirms that the assets reached the exchange, although an exchange deposit by itself does not establish whether every token was sold after arrival.
SOL was trading near $121 on Sept. 27, according to CoinGecko market data, up roughly 1% over 24 hours and 11.6% over seven days.
Pump.fun SOL transfers to Kraken continue long-running pattern Pump.fun has periodically moved large batches of SOL generated through its platform to Kraken, with on-chain analysts tracking the transactions since 2024.
In May, Lookonchain reported that the platform had sold around 4.47 million SOL for approximately $780 million at an average price near $175. The tracker said 4.20 million SOL had been deposited into Kraken, while 264,373 SOL had been sold directly on-chain for about $41.6 million in USDC.
As crypto.news previously reported on Pump.fun’s SOL activity, the May activity included another 100,628 SOL valued at $8.32 million. The report separated tokens deposited into Kraken from the smaller amount visibly exchanged on-chain.
A similar pattern appeared in June 2025. Pump.fun transferred 132,180 SOL worth around $20.87 million to Kraken, pushing cumulative exchange deposits at the time to more than 2.47 million SOL for that year.
Pump.fun deposits to Kraken had crossed $660 million by June 2025 when earlier transfers were included. The available blockchain data did not establish that every deposit represented an immediate market sale.
Another February 2025 transaction involved 65,122 SOL worth approximately $11 million. In related coverage, crypto.news tracked Pump.fun’s earlier Kraken transfers as Lookonchain estimated cumulative deposits near 2.35 million SOL.
The Sept. 27 estimate of 5.236 million SOL therefore combines a longer series of treasury movements that Lookonchain categorizes as sales. The total value of $848 million represents the analytics firm’s cumulative calculation rather than a financial figure disclosed directly by Pump.fun.
Solana trades above $120 after the latest transfer SOL remained above $120 after the latest Kraken transfer, showing no immediate sharp market reaction tied solely to the transaction.
CoinGecko data placed Solana near $121.38, with roughly $2.83 billion in 24-hour trading volume and a market capitalization above $71 billion. The token had gained about 11.6% during the previous seven days.
Earlier in September, SOL had traded closer to $100. Crypto.news reported on Solana’s recovery from the $98 area as traders watched resistance between roughly $103 and $106.
By Sept. 18, SOL had risen above $105. In another market update, Solana was testing its upper Bollinger Band as price momentum improved.
No evidence currently links Pump.fun’s Sept. 27 Kraken transfer to a measurable drop in SOL. The transaction represents less than $6 million against Solana’s multibillion-dollar daily spot volume.
Pump.fun continues PUMP buybacks while moving SOL Pump.fun’s treasury activity now operates alongside an established PUMP token buyback and burn program.
The platform’s official PUMP dashboard showed approximately $463.5 million had been used to purchase and burn 167.91 billion PUMP tokens as of Sept. 25. Pump.fun reported annualized protocol revenue of about $504 million based on its 90-day average.
Its current framework allocates around 50% of platform revenue toward PUMP purchases and burns. On Sept. 25 alone, the platform spent approximately 7,100 SOL, worth $838,200, to purchase 208.9 million PUMP.
One day earlier, Pump.fun used roughly 7,200 SOL worth $832,400 to buy 211.8 million PUMP. Daily buybacks during Sept. 16-25 generally involved between about 6,800 and 8,700 SOL.
Pump.fun’s recurring PUMP buybacks after another large purchase used more than 8,300 SOL to acquire hundreds of millions of PUMP tokens.
Pump.fun states on its dashboard that purchased tokens are permanently burned. The platform said 16.79% of the original one trillion PUMP supply had been removed through the program by Sept. 25.
The company cautions that past purchases should not be treated as a commitment to future discretionary activity beyond amounts covered by its programmed allocation.
Kraken deposits do not confirm an executed sale Exchange deposits are often monitored because they can make assets available for trading, but the blockchain transaction ends when the tokens reach an exchange-controlled address.
Kraken does not publicly disclose how individual Pump.fun deposits are subsequently handled. Transactions executed within a centralized exchange generally occur on internal ledgers and cannot be reconstructed directly from the original Solana transfer.
Earlier Pump.fun reporting shows why the distinction matters. Lookonchain separately tracked millions of SOL sent to Kraken and 264,373 SOL visibly sold on-chain for $41.64 million in USDC.
Another crypto.news report covered a $22 million Pump.fun SOL transfer to Kraken and noted the project’s recurring treasury-processing pattern.
Lookonchain currently estimates cumulative activity at 5,236,623 SOL worth $848 million and an average price near $162. Its Sept. 27 update categorizes the fresh 47,994 SOL movement as another sale.
Capital B financuje nákupy Bitcoinů prostřednictvím emise akcií a konvertibilních nástrojů; k 14. září držela 3 525 BTC za zhruba 309,7 milionu EUR. U takové strategie je klíčové ředění a refinanční riziko.
Capital B is converting traditional capital-market funding into direct Bitcoin purchases, including through ATM equity issuance. The U.S. reserve primarily changes potential sell-side supply because its initial BTC came from government forfeitures rather than market purchases. Corporate BTC can look structurally scarce until financing conditions change, making dilution, conversion terms and refinancing risk part of Bitcoin’s supply story. Bitcoin’s supply cap has not changed. The financing structures competing for that supply have.
Capital B is using equity and convertible instruments to build a Bitcoin treasury. The U.S. government has placed forfeited BTC into a strategic reserve governed by a no-sale policy. Coinbase CEO Brian Armstrong continues to argue that Bitcoin could reach $400,000 by 2030 as institutional adoption expands.
These developments are often grouped together as institutional adoption, but their market mechanics are different. A corporate treasury creates new demand when it raises capital and buys BTC. A government reserve can restrict potential supply without purchasing coins on the open market. Meanwhile, derivatives allow investors to create large amounts of Bitcoin exposure without permanently absorbing the underlying asset.
The question is no longer simply who owns Bitcoin, but how those holdings are financed and what could eventually bring them back onto the market.
Capital B Is Turning Securities Into Bitcoin Capital B CEO Alexandre Laizet sees listed companies as a bridge between BTC and investors whose capital largely remains inside conventional securities markets.
Capital B’s own financing history shows how that bridge works.
The Euronext Growth Paris-listed company reported 3,525 BTC in strategic holdings as of September 14, acquired for approximately €309.7 million at an average cost of €87,854 per BTC. Its latest four-Bitcoin purchase followed a €250,000 capital increase under an ATM-type agreement with TOBAM.
A much larger transaction one week earlier provides a clearer example. Capital B raised €1.44 million through its ATM program and another €28.7 million through a private placement with warrants, then acquired 376 BTC for €25.3 million.
The company’s financing has not been limited to common equity. Capital B reported raising €127.2 million through equity operations and €151.1 million through Bitcoin-denominated convertible bonds during 2025. It has also renewed a €300 million ATM-type program with TOBAM.
That makes the treasury strategy partly a capital-markets trade.
An investor can buy or subscribe to a conventional security while Capital B ultimately converts part of the proceeds into BTC. Bitcoin demand is generated downstream from activity occurring in equity and debt markets.
ATM Equity and Convertibles Carry Different Risks Those funding mechanisms behave differently when markets turn.
An ATM program allows a company to issue new shares progressively rather than raising all of its capital in one transaction. It can be attractive when the company’s stock trades at valuations that make issuing equity economically favorable.
The cost is dilution.
Capital B’s September 14 disclosure shows 38.29 million issued shares and 47.84 million shares on a fully diluted basis. The company explicitly measures its strategy partly by BTC per fully diluted share, making dilution central to whether additional Bitcoin purchases actually improve the exposure of existing shareholders. actusnews.com
Convertible debt creates another set of trade-offs.
A convertible bond can become equity when its conversion conditions are attractive. If the share price does not support conversion, however, the instrument retains characteristics of debt rather than automatically disappearing into the equity base. Depending on the specific bond terms, that can leave the issuer facing repayment, refinancing or other contractual obligations.
Capital B has already adjusted conversion prices on some of its instruments. In May, for example, it reduced the conversion price of convertible bonds subscribed by Adam Back from €5.174 to €2.59 per share and amended the instruments to include warrants upon conversion.
Other convertibles have converted into equity. In August, 14.2 million OCA B-01 instruments held by Blockstream Capital Partners were converted into roughly 28.7 million ordinary shares.
This is where the corporate Bitcoin scarcity thesis becomes more complicated. BTC itself has no maturity date, but the securities used to finance its acquisition can carry conversion terms, dilution or refinancing requirements.
Washington Removes Supply Without Becoming the Same Kind of Buyer The U.S. Strategic Bitcoin Reserve operates through a different mechanism.
President Donald Trump’s March 2025 executive order capitalized the reserve with Bitcoin already owned by the Treasury following completed criminal or civil forfeitures. It states that BTC deposited into the reserve shall not be sold and should be maintained as a U.S. reserve asset, subject to applicable law and specified exceptions.
Treasury and Commerce were also directed to develop strategies for acquiring additional Bitcoin, but only when those methods are budget-neutral and impose no incremental cost on taxpayers. The administration’s subsequent digital-assets report reiterated that framework.
There is therefore an important difference between Washington and a treasury company such as Capital B.
Capital B can raise capital and enter the market to acquire BTC. The federal reserve began primarily by changing the treatment of Bitcoin the government already controlled.
One creates active demand. The other can reduce a source of potential future selling.
Armstrong’s $400,000 Call Is a Different Bet Coinbase CEO Brian Armstrong has put a much larger number on Bitcoin’s potential destination.
Armstrong said this month that $400,000 by 2030 remains a “reasonable target,” while arguing that Bitcoin may have already passed the bottom of its latest cycle. He pointed to Bitcoin’s historical cycle behavior and longer-term adoption as part of his reasoning.
The forecast remains just that: a forecast.
It is more useful here because of what such a scenario would require from Bitcoin’s market structure. Sustained institutional demand would have to compete with coins held by investors, companies and potentially governments that have increasingly different incentives to sell.
That is a different proposition from simply assuming every institutional Bitcoin holding is permanently removed from circulation.
$55.26 Billion in Open Interest Shows the Other Side At the time of writing Bitcoin it trading at $84,750.52 on September 27, up 0.38% on the day. The asset had recently climbed above $86,000 after trading around $76,000 earlier in the month.
Bitcoin holds near $84,750 after retreating from a late-September high above $86,000. Source: TradingView Daily Chart The derivatives market surrounding that spot price remains substantial.
Coinglass data from September 27 shows Bitcoin open interest of approximately 651,500 BTC, worth $55.26 billion. Open interest was 0.49% higher over 24 hours.
That exposure behaves very differently from BTC held in a corporate treasury or government reserve.
Futures positions can expand without an equivalent quantity of Bitcoin being permanently removed from liquid supply. Leverage can also unwind quickly, making derivatives a source of short-term price pressure even when some underlying BTC is held with a much longer time horizon.
The market therefore contains two different forms of scarcity at once: Bitcoin’s fixed protocol-level supply and the smaller, constantly changing amount holders are actually prepared to sell.
The Weak Point in the Scarcity Trade Is the Balance Sheet Treating every corporate Bitcoin as permanently locked away misses the financing behind it.
A company issuing shares to acquire BTC can continue doing so while investors are willing to absorb the dilution and the economics remain attractive. A convertible-funded strategy depends on another set of variables, including the issuer’s share price, conversion terms, maturity structure and ability to refinance.
A severe Bitcoin bear market can pressure both sides simultaneously.
BTC can fall below a company’s acquisition cost while its stock loses the valuation premium that previously made new equity issuance attractive. Convertibles that investors were once willing to exchange for shares may remain outstanding instead, depending on their terms. Refinancing can also become more expensive precisely when the value of the company’s principal treasury asset has declined.
None of those outcomes automatically forces a Bitcoin sale. They do mean that corporate BTC is only as structurally illiquid as the balance sheet holding it allows.
Capital B’s disclosures make this especially visible because the company reports both its Bitcoin holdings and fully diluted share count. Its stated objective is not simply to own more BTC, but to increase Bitcoin per fully diluted share over time.
That is a harder test than accumulation alone.
Not Every Bitcoin on a Balance Sheet Is Equally Scarce Bitcoin’s 21 million cap describes maximum supply. It says much less about the quantity actually available for sale at a given price.
A forfeited Bitcoin governed by a federal reserve policy has different sell incentives from BTC purchased with newly issued corporate shares. Bitcoin financed through convertible securities introduces another set of obligations. Futures exposure can change again without removing the equivalent amount of spot BTC from circulation.
That is why simply counting institutional holdings can obscure more than it reveals.
The more useful measure is the financing and mandate behind those holdings.
Capital B shows how securities markets can generate new spot demand. The Strategic Bitcoin Reserve shows how government policy can alter potential supply. The $55.26 billion derivatives market shows how large amounts of financial exposure can accumulate without producing the same scarcity effect.
At $84,750, Bitcoin’s next scarcity trade is therefore not just about how many coins remain.
It is about who controls them, what financed their purchase and what would have to happen before those holders become sellers.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
The XRP Ledger has reported a substantial surge in on-chain activity, highlighted by a 535.2% increase in newly created accounts and sharp growth in payments and value transferred across the network. According to recent analytics, the network is experiencing one of its most active periods in recent memory.
Account metrics display mixed trendsData from the latest activity dashboard shows that 2,900 new accounts were established on the XRP Ledger, up from the prior period by over fivefold. Additionally, active accounts climbed 218.1% to 15,300, signaling intensified network participation among wallet holders. However, the number of unique active users fell 70.6% to 140,000, suggesting that while more wallets are being created and existing accounts are seeing more activity, overall user engagement on a per-person basis has dropped.
MetricCurrent ValueChange (%)New accounts created2,900+535.2%Active accounts15,300+218.1%Active users140,000-70.6%Mini dictionary: XRP Ledger, a decentralized public blockchain developed by Ripple for efficient cross-border payments and fast, low-cost transactions using the digital asset XRP.
Transaction activity and network throughputSuccessful transactions on the network surged 80.8% to reach 1.7 million, while the total transaction count rose 138.7% to 2.4 million. Payments, a key adoption metric, grew by 108.9% and hit 1.2 million transactions.
Ledger throughput reflected a sharp expansion as well. The number of ledgers closed increased by 288% to 20,400, accompanied by a 38.5% decrease in transactions per ledger to 116.47. This distribution pattern aligns with quicker ledger finalizations distributing activity across more but smaller increments.
Ledger intervals, marking the average time between consecutive ledger closures, remained virtually unchanged with a marginal 0.1% increase to 389 seconds.
Spike in payment volume and network feesPayment volume on the XRP Ledger soared 894.3%, reaching approximately 704.2 million XRP. During the same period, network fee burn—measured by the XRP destroyed in transaction fees—climbed to 300.3 XRP, marking a 225.7% rise compared to the previous tracking window.
Each transaction on the XRP Ledger requires a nominal fee, which is permanently destroyed to prevent spam and maintain network integrity. The surge in fees burned mirrors the heightened transaction activity across the platform.
New XRP accounts increased by over 500%, payment volume neared 704 million XRP, and network fee burn also rose sharply, showing a highly active period for the blockchain despite a drop in unique active users.
XRP price movement and user behaviorIn trading markets, XRP/USD experienced a significant rebound in late August. After experiencing a prolonged downtrend through the second and third quarters, the asset spiked from near $1.05 to an intraday high close to $1.70 before consolidating. XRP recently climbed above major moving averages and was trading near $1.53 at the time of analysis.
The increase in network activity, combined with the decline in active users, points to a scenario where growth is driven primarily by a smaller group of highly active participants rather than a broad-based expansion of the user base.
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.
XRP is eyeing a busy October with key events and upgrades in store. At the earliest in October, specifically in the first week, the XRP Seoul event is scheduled for October 3, 2026, at the Grand Hyatt Seoul during Korea Blockchain Week.
Ripple executives, including its president Monica Long, RippleX SVP Markus Infanger, and major Korean financial institutions are set to take part in discussions around the future of digital finance.
According to Hussein Zangana (Vet), XRP Ledger Foundation director of community, the upcoming XRP Seoul event will feature sessions with Kyobo Securities, a major Korean securities broker, Woori Bank, one of Korea's top four banks, and Kakao Bank, the country's leading internet bank associated with the popular Kakao platform, with a focus on tokenization, payments on crypto rails, and DeFi.
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"Looking forward to XRP Seoul next week and the sessions with Korean securities broker Kyobo Securities, Woori Bank (top 4 bank in Korea), Kakao Bank (largest internet bank of the famous app Kakao here) and many others. All forward leaning in tokenization, payments on crypto rails and DeFi," Vet wrote.
Looking forward to XRP Seoul next week and the sessions with Korean security broker Kyobo Securities, Woori Bank (top 4 bank in Korea), Kakao Bank (largest internet bank of the famous app Kakao here) and many others.
All forward leaning in tokenization, payments on crypto rails… pic.twitter.com/fOopZp4OJ5
— Vet (@Vet_X0) September 27, 2026 Aside from Ripple President Monica Long and SVP Markus Infanger, the participant lineup for the event is extensive. This includes J.A. Akinyele, RippleX Head of Engineering; Christina Chan, Senior Director of Ecosystem Growth at Ripple; Tatsuya Kohrogi, Senior Ecosystem Growth Manager at Ripple; Wenny Cai, CEO of Anchored Finance; Nicholas Motz, co-founder of Soil; Nathaniel T. Bradley, Datavault AI CEO; Aniket Jindal, Founder of Biconomy; Jinnie Lee, APAC Sales Director at Ripple; Mansik Yoon, Team Leader at Jeonbuk Bank; John Lilic, CSO of Tria; Sunghwan Kim, Founder and CEO of Wellbianlabs; Asheesh Birla, Evernorth CEO; Min Lin, Managing Director of Ondo Finance; Heejin Shin, Executive Director of Kyobo Securities; Hugo Philion, Co-Founder of FlareNetworks; Jaehyuk Choi, TF Lead of Kbank; Bo Kim, CEO of Creder; Leo Lee, Manager of Kakao Bank; Seunghoon Han, Senior Manager of Woori Bank, among others.
XRP community eyes busy OctoberXRP Ledger is set for a busy October, with the Batch, fixBatchV1_2, and permissions delegation amendments set to launch in the coming month.
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Batch and its fix eye mainnet activation on October 9, while permissions delegation is expected to launch on October 8, 2026, provided they sustain above 80% support for the two-week activation window.
The Swell event is expected to be held October 27–29, 2026, a major event for the XRP and the Ripple ecosystem.
Vitalik Buterin popsal dlouhodobou vizi Etherea jako „kryptografický světový počítač“, který se opírá o důkazy, vzorkování dat a postkvantovou kryptografii. PeerDAS byl představen v rámci Fusaky v prosinci 2025 a Hegotá má přijít v roce 2027.
TLDR: PeerDAS, live since Fusaka in December 2025, lets nodes sample blob data instead of downloading every blob. Hegotá, expected in 2027, could be Ethereum’s last broadly familiar fork before deeper cryptographic redesign. EIP-7805 adds validator-backed inclusion lists to curb censorship by individual block builders in Hegotá. Ethereum targets 2029 for core post-quantum infrastructure, alongside Lean Consensus and recursive STARKs. Vitalik Buterin has outlined a long-term architecture for Ethereum that could make the network increasingly difficult to describe as a conventional blockchain. The model combines decentralized consensus, zero-knowledge proofs, distributed computation, privacy systems and post-quantum cryptography.
In a September 27 post titled “The cryptographic world computer,” Buterin said the network now blends Bitcoin-era blockchain principles with newer cryptographic research. His framework describes a system where verification relies less on every node repeating every computation and more on proofs, sampling and specialized distributed infrastructure.
The cryptographic world computer:https://t.co/ueayODeUPo
My attempt to express in somewhat concise terms the true meaning of basically everything planned to happen to Ethereum starting from the fork after Hegota. It's really not just a blockchain anymore. It's a hybrid…
— vitalik.eth (@VitalikButerin) September 27, 2026
That shift is already visible in several parts of the roadmap. Data availability, block construction and consensus are moving toward designs that reduce duplication while preserving verifiability across the network.
Ethereum’s World Computer Shift Rewrites Blockchain Verification Traditional blockchains require many nodes to download data and independently re-execute transactions. Buterin described an architecture that increasingly replaces that model with data sampling and cryptographic proof verification.
Consensus has also moved from proof-of-work to proof-of-stake, while a more optimized Lean Consensus design remains under development. At the same time, block construction could become more distributed instead of depending heavily on one miner or builder.
PeerDAS provides an early example of that direction. Introduced through the December 2025 Fusaka upgrade, it lets nodes verify blob availability by sampling data rather than downloading every blob.
That reduces bandwidth requirements while supporting higher Layer 2 capacity. As a result, more computation can move outside the base layer without removing Ethereum’s ability to verify results cryptographically.
The next major milestone is Hegotá, currently expected in 2027. Buterin described it as potentially the last upgrade that would remain broadly familiar to developers from earlier network eras.
Hegotá and Lean Ethereum Push Toward Quantum-Safe Design FOCIL, formally EIP-7805, is scheduled for Hegotá. It introduces validator-backed inclusion lists intended to limit the ability of individual block builders to censor valid transactions.
However, the upgrade’s broader scope remains under development, so additional features and timing could still change. Beyond Hegotá, research increasingly centers on recursive STARKs, formal verification and advanced state management.
EIP-8288 offers one example. The draft proposal would aggregate quantum-resistant signatures and STARK proofs in the mempool before producing one recursive proof for block verification.
Lean Ethereum extends that direction with redesigned consensus, hash-based post-quantum signatures, formal verification and finality targeted in seconds. Separately, the Ethereum Foundation is targeting about 2029 for core post-quantum infrastructure.
Taken together, Buterin’s framework describes a network where decentralized offchain systems handle larger workloads while cryptographic proofs preserve security guarantees. He calls that architecture a “cryptographic world computer.”
Vitalik Buterin představil plán vývoje Etherea do roku 2030, který počítá s větší škálovatelností, soukromím a bezpečností díky nové kryptografii. Trh ale stále dává jen 1,4% šanci, že Ethereum do konce roku 2026 dosáhne 10 000 USD.
Photo: John Phillips / Wikimedia Commons / CC BY 2.0
Ethereum co-founder Vitalik Buterin has outlined an ambitious roadmap for Ethereum’s evolution by 2030, highlighting significant advancements in cryptography and architecture. The plan involves integrating technologies such as recursive STARK verification and quantum-resistant cryptography, aiming to enhance scalability, privacy, and security. This vision suggests a shift from incremental upgrades to a comprehensive protocol redesign, which could shape Ethereum’s future trajectory in the blockchain space.
Current market data shows Ethereum’s future price predictions are modest, with markets pricing in a low likelihood of Ethereum reaching $10,000 by the end of 2026. The highest activity is seen around the $3,500 mark, priced at 38% YES, suggesting that while optimism exists, the path to higher valuations remains uncertain. The ongoing redesign and technological enhancements could, however, influence market sentiment as they unfold.
Vitalik Buterin’s roadmap may indicate increased confidence in Ethereum’s long-term potential, aligning with scenarios where Ethereum could see significant value appreciation. Market participants appear to be weighing these technological advancements against broader market conditions and regulatory landscapes.
Key Takeaways Vitalik Buterin’s roadmap suggests a shift towards a more scalable and secure Ethereum, with advanced cryptography playing a central role. Current market pricing suggests limited optimism for Ethereum reaching $10,000 by December 2026, with only 1.4% YES for this outcome. The technological roadmap could influence market sentiment, potentially leading to increased expectations for Ethereum’s future value. What to Watch Observers should monitor the implementation progress of Ethereum’s proposed upgrades, as successful advancements could enhance market confidence. Additionally, developments in regulatory environments and institutional interest, such as ETF approvals or significant inflows, could impact market pricing. Market participants may also watch for any obstacles in the execution of these technological changes, which could affect Ethereum’s projected growth trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.4% — — View market → December 31, 2026 1.4% — — View market → December 31, 2026 2.8% — — View market → December 31, 2026 4.5% — — View market → December 31, 2026 8.5% — — View market → January 1 2027 37.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1.5% — — View market → January 1 2027 2.8% — — View market → January 1 2027 3.6% — — View market → January 1 2027 6.2% — — View market → January 1 2027 17.5% — — View market → January 1 2027 6.5% — — View market → January 1 2027 2.8% — — View market → January 1 2027 2.1% — — View market → January 1 2027 5.5% — — View market → January 1 2027 68.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 2.4% — — View market → January 1 2027 14.5% — — View market → January 1 2027 34.5% — — View market →
Ethereum Foundation researcher Toni Wahrstätter recently reported that development on the Glamsterdam upgrade and EIP-7928, which introduces Block-Level Access Lists, is nearing completion. Wahrstätter expressed confidence regarding the progress, highlighting advancements as the project approaches a key milestone.
The first public test for Glamsterdam is on the horizon, following ongoing devnet testing. Developers have scheduled the Sepolia testnet fork for October 6, 2026, with the mainnet launch planned for the fourth quarter of 2026. An exact mainnet date is yet to be confirmed.
Wahrstätter described Glamsterdam as one of Ethereum’s most significant forks to date, attributing the extended development timeline to its ambitious scope. He believes the end result will justify the effort invested by the team and community.
The upgrade is designed to advance Ethereum’s scaling capabilities and introduce a new era for the network. Its primary goals include implementing parallelization to accelerate transaction processing, increasing overall capacity, and enhancing sustainability by curbing database bloat.
Key features and technical objectivesA notable highlight of Glamsterdam is the introduction of ePBS, a revamped block validation pipeline that reduces trust assumptions within the network. Additionally, Block-Level Access Lists (BALs) aim to bring parallelization benefits, laying the groundwork for a more scalable and efficient protocol.
Looking at recent technical trends related to market timing and investor choices, the meme token market demonstrates how quickly substantial capital can appear. An example from Fomo App showed a $99 investment in “Niu Lai” growing to approximately $370,000, underscoring the importance of monitoring not only prices but also key moments and asset selections. Fomo App integrates token discovery and trading, featuring social functionality such as investor rankings and trade notifications, allowing users to actively track the evolving meme token landscape.
Vitalik Buterin outlines post-Hegota visionEthereum cofounder Vitalik Buterin recently offered his perspective on the evolution of the network after its upcoming Hegota hard fork. In his view, Hegota may be Ethereum’s last “ordinary” upgrade, recognizable to developers and users familiar with the network’s earlier architecture.
Buterin referred to “Strawman,” Ethereum’s long-term roadmap, which suggests that upgrades following Hegota will move far beyond the technology of 2015. These future phases are expected to incorporate recursive STARKs, automated formal verification, and advanced consensus mechanisms to enhance quantum resistance.
Buterin outlined that after Hegota, Ethereum’s focus will shift to integrating advanced cryptographic and computational techniques. He described the network as a hybrid architecture, no longer just a blockchain, but a combination of modern cryptography and decentralized infrastructure to enable more advanced functionalities.
He also credited the PeerDAS solution as the beginning of Ethereum’s transformation, marking the start of moving from a traditional blockchain structure to a multifaceted, more powerful system. According to Buterin, the upgrades to follow will push Ethereum toward becoming a “cryptographic world computer.”
He emphasized that these innovations aim to deliver cheaper, more scalable, and more private high-security computation, surpassing the capabilities of earlier blockchain systems.
As Ethereum approaches these network milestones, stakeholders continue to monitor both technical developments and the timeline for implementation ahead of the mainnet launch.
Spotové Dogecoin ETF v USA zaznamenaly týdenní rekordní příliv 2,89 milionu USD do 25. září. Grayscale GDOG z toho přidal 806 060 USD a drží 81 % aktiv skupiny.
TLDR: Dogecoin ETF inflows reached $2.89 million in the week ended September 25, surpassing the previous weekly high of $2.59 million set in January. Grayscale’s GDOG received all $806,060 in Friday inflows and held $13.87 million in assets, about 81% of the group’s reported total. The weekly record arrived in three sessions, while DOGE ETF assets represented 0.11% of the token’s market value, SoSoValue data showed. Ali Charts reported whale purchases of 1.14 billion DOGE, worth about $112 million, over 96 hours as DOGE traded near $0.10 resistance. U.S. spot Dogecoin ETF inflows reached a $2.89 million weekly record through September 25, SoSoValue data showed. DOGE traded near $0.098 on September 27, close to the $0.10 level that has capped recent advances.
The total exceeded the previous weekly high of about $2.59 million, set in the week ending January 2, 2026. It also marked a sharp rise from the only $284,510 net inflow recorded during the prior week.
The record arrived as DOGE ETF products narrowed, with Bitwise preparing to liquidate its fund in October. ETFs also give investors brokerage-account exposure to DOGE without requiring direct token custody.
Dogecoin ETF Inflows Beat Prior Highs as Grayscale Leads The new Dogecoin ETF inflows arrived across three sessions: Monday, Tuesday, and Friday. Grayscale’s GDOG accounted for the $806,060 net inflow recorded Friday. Its cumulative net inflows rose to $15.46 million after Bitwise announced its closure. GDOG held $13.87 million in assets, about 81% of the group’s total, according to SoSoValue data.
Source: SoSoValue Grayscale captured most demand, while rival fund flows moved in the opposite direction. Net flows subtract redemptions from subscriptions, obscuring gross activity across the three products in combined weekly totals.
21Shares’ TDOG saw cumulative inflows decline from $1.63 million on September 10 to $1.03 million. Bitwise said it would liquidate BWOW, with October 14 set as its last trading day. BWOW held about $801,400 and had recorded $1.23 million in lifetime net outflows. After the liquidation, two U.S. spot Dogecoin funds will remain. The change reduces the number of available products while the category posts its largest week of net inflows since launch.
U.S. spot Bitcoin ETFs attracted $2.39 billion in the same week, over 800 times the Dogecoin total. SoSoValue data put Dogecoin funds’ assets at 0.11% of DOGE’s market value. Dogecoin ETF inflows appeared in only nine U.S. trading sessions between July 1 and September 18, 2026.
CoinGecko put DOGE’s 24-hour volume near $704.9 million on September 27. That single-day total exceeded the new ETF inflow by 244 times.
Dogecoin ETF Inflows Meet Whale Buying Near $0.10 Resistance Dogecoin ETF inflows coincided with DOGE’s latest test of the $0.10 price level. DOGE traded near $0.098 on September 27, with CoinGecko reporting a market capitalization around $15.3 billion. The $0.10 mark has repeatedly acted as an overhead barrier during recent advances.
Dogecoin price analysis identifies an area between $0.10 and $0.105 as resistance. One near-term reading identifies $0.095 as a support level. CoinGecko data showed DOGE gained 15.6% over seven days but traded below the $0.10 threshold.
Dogecoin (DOGE) Price Large-holder activity adds another demand measure. Market analyst Ali Charts reported whale wallets acquired more than 1.14 billion DOGE, worth about $112 million, over a 96-hour window.
The buying came as DOGE encountered resistance near $0.098, with roughly 28 billion tokens previously traded at that zone. Ali Charts’ estimate equaled roughly 39 times the weekly ETF flow, though it measured purchases by whale wallets instead.
Earlier whale accumulation episodes also drew attention. In May, wallets acquired 525 million DOGE over a 96-hour stretch as the token traded near its 200-day moving average. From September 9 to 14, wallets holding at least 100 million DOGE each added about 240 million tokens. DOGE fell from $0.091 to $0.081 during that period. The combined holdings of those wallets approached 19 billion DOGE.
At other points this year, 149 top wallets each held more than 100 million DOGE. Together, they controlled over 108 billion tokens. Futures open interest climbed into the $1.5 billion to $1.67 billion range during peak activity. Short liquidations exceeded $12 million during recent accumulation phases. Dogecoin ETF inflows, whale wallet totals, and futures open interest track separate market measures.
Cardano Foundation oznámila, že Fireblocks přidá plnou podporu pro nativní tokeny Cardana, což má otevřít širší institucionální přístup k aktivům na Cardanu. ADA zároveň vstoupila do programu Mastercard Crypto Partner Program.
In Cardano news this week, the project is entering the final week of September with renewed attention on institutional adoption, network scaling, and broader ecosystem expansion. The latest development came on September 24, when the Cardano Foundation announced that Fireblocks will add full support for Cardano Native Tokens (CNTs).
This will allow the thousands of banks, exchanges, payment firms and fintech companies using the platform to custody, send and receive assets issued on Cardano. Fireblocks already supports ADA, but the expanded integration could give the wider Cardano token economy significantly greater institutional access.
The announcement follows another busy period for the blockchain. Cardano’s Fall 2026 Accelerator Program has selected eight projects focused on areas including digital product passports, verified identity, supply-chain traceability and responsible artificial intelligence.
This latest Cardano news drop comes as the token sits at $0.254, up a modest +0.3% over the past 24 hours following a +14% surge over the past week. Daily trading volume is showing as just over $444M.
Cardano News: Leios Upgrade and Mastercard Crypto Partner Program Adding to the List of Bullish Catalysts for ADA Scaling also remains central to Cardano’s development roadmap. The Leios project continues to progress through prototype development, with recent work focused on improving data handling, node performance, and Endorser Block management.
Cardano’s public Leios testnet went live earlier this year, providing developers and researchers with an environment to test the proposed scaling architecture.
Connecting Cardano with the future of global payments.
The Cardano Foundation has joined Mastercard’s Crypto Partner Program.
As part of its Blockchains track, we’ll engage with Mastercard and other participants working across payments and stablecoins on areas including… pic.twitter.com/eeZ6K2UrPY
— Cardano Foundation (@Cardano_CF) September 15, 2026
For ADA holders, the combination of institutional infrastructure and continued technical development provides an important backdrop. However, the key question remains whether these developments can translate into sustained network usage and demand for ADA itself.
The Cardano Foundation entered Mastercard’s Crypto Partner Program on September 15. It joined more than 100 firms already inside the network. The deal targets cross-border payments, business transfers, and stablecoin use. It links ADA to rails that move $9.2 trillion each year. Six days later, ADA joined the x402 tool, opening the door to AI payments on its own chain.
EXCLUSIVE: Earn $50 With EdgeX and Enter $300K Prize Draw
ADA Price Analysis $ADA
Cardano's upward channel holds while the wave 4 structure stays corrective.
Elliott Wave Analysis#Cardano pic.twitter.com/0mzNlfNzar
— More Crypto Online (@Morecryptoonl) September 27, 2026
In other Cardano news, CoinGecko currently prices ADA at about $0.25, up about 0.3% over 24 hours and +14.6% over seven days. ADA has traded between approximately $0.233 and $0.253 over the past 24 hours, while its market capitalization stands near $9.29Bn.
Technically, the recent move has strengthened ADA’s short-term momentum. The $0.25 area represents the immediate psychological resistance level; a sustained break above it could bring $0.27-$0.28 into focus. Conversely, failure to hold the recent breakout could see ADA retest support around $0.23, followed by the $0.22 region.
With ADA already up almost 19% over the past month, momentum has clearly improved. The next test will be whether buyers can turn the $0.25 level from resistance into sustained support before attempting to reclaim $0.30.
DISCOVER: Top Solana Meme Coins to Buy in 2026
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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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Stellar se rozšiřuje do institucionálního vypořádání díky integraci BVNK, USDT0 a pilotu stablecoinu USBDC od U.S. Bank. To ale neznamená automaticky vyšší poptávku po XLM, protože stablecoiny mohou síť využívat i bez něj.
TLDR: BVNK integrated Stellar for cross-border payments across more than 130 global business markets. USDT0 now runs on Stellar, letting firms move dollars without holding or using XLM directly. U.S. Bank piloted its USBDC stablecoin on Stellar for North American to European settlement. Stellar’s growth may not guarantee higher XLM demand, since stablecoins can bypass the token. XLM sits at the center of a growing debate as Stellar expands beyond simple payments. Recent integrations from BVNK, U.S. Bank, and the stablecoin USDT0 show Stellar moving toward institutional settlement and tokenization.
Yet these developments raise a separate question. Does network growth on Stellar translate into stronger demand for XLM itself, or can the blockchain succeed while its native token plays a smaller role?
Stellar Expands Into Payment Infrastructure Stellar has long focused on fast, low-cost payments rather than general-purpose smart contracts. That focus is now shifting toward institutional use cases.
On September 22, 2026, BVNK announced it would integrate Stellar into its stablecoin payments platform, according to analysis shared by crypto commentator @SylvianGuibal on X. Business customers across more than 130 markets can now use Stellar for cross-border payments, merchant payouts, and treasury transfers.
🚨 Stellar Is Becoming Payment Infrastructure. But What Does That Really Mean for stellar:native?
For years, Stellar has been presented as a blockchain designed for fast, low-cost payments.
Today, that description may be becoming too simplistic.
Stellar is increasingly… pic.twitter.com/IzXS9aazdp
— Stellar XLM Holder (@SylvianGuibal) September 27, 2026
Separately, USDT0 has gone live on Stellar, connecting the network to unified USDT liquidity across multiple blockchains. This allows businesses to move digital dollars internationally without needing to hold XLM directly.
U.S. Bank has also piloted its own stablecoin, USBDC, using Stellar for cross-border settlement between its North American and European entities.
These moves point toward Stellar positioning itself as infrastructure for tokenized finance rather than a network built around XLM transactions alone. Institutions appear focused on stablecoin settlement speed and cost, not on the token that secures the underlying network.
Stablecoins Raise Questions About XLM Demand Growing stablecoin activity on Stellar does not automatically translate into higher demand for XLM. A company moving funds through Stellar may rely entirely on stablecoins like USDC or USDT0 for settlement. The transaction value stays denominated in digital dollars rather than XLM.
This distinction separates network utility from token value capture. Stellar can become more useful as infrastructure grows, while XLM’s direct role stays limited to fees and account requirements.
XLM remains necessary for network operations, since it covers transaction costs and supports account functions on Stellar.
However, whether expanding stablecoin volume creates proportional demand for XLM remains unclear. Analysts tracking the network suggest this gap between infrastructure growth and token demand could shape XLM’s trajectory going forward.
Possible Scenarios for XLM’s Future Role Several outcomes remain possible for XLM as Stellar’s institutional adoption continues. One scenario involves Stellar becoming a major stablecoin settlement rail while XLM demand stays relatively flat. Transaction volume could rise without a matching increase in token usage.
A second scenario involves broader network growth increasing XLM usage for fees, reserves, and liquidity functions. More accounts and applications on Stellar could create more consistent, direct demand for the token over time.
A third possibility involves XLM taking on a larger role as a liquidity bridge between currencies and stablecoins. Tracking payment volume, stablecoin supply, and institutional adoption alongside XLM utilization may offer clearer signals than price movement alone.
Velryby za posledních 10 dní nakoupily přes 2,5 milionu LINK, zatímco síť Chainlink roste o téměř 1 500 nových adres denně. Klíčový odpor leží na 16 USD a 17,70 USD.
Chainlink is trading at $14.06 as of September 26, 2026, recording a gain of 1.10% over the previous 24 hours. Over the past week, the token has surged 12.70%, with trading volume reaching $584 million.
Whale accumulation and network growth fuel optimismLarge Chainlink holders have acquired more than 2.5 million LINK within the last ten days, based on data from Santiment Intelligence. This activity occurred steadily, showing little sign of abating and suggesting that influential wallet holders are increasingly confident in the project’s outlook despite ongoing market volatility.
Crypto analyst Ali Charts emphasized that the pace of this accumulation is significant to Chainlink’s short-term direction. He indicated that the continued influx to whale wallets could underpin the next price move if overall demand holds.
Ali Charts described the recent whale accumulation and accelerating creation of new wallet addresses as key factors. He stated that this combination has previously preceded strong price rallies for Chainlink, though future developments will hinge on sustained buying interest.
Concurrently, Chainlink’s network is expanding. Nearly 1,500 new LINK addresses are being created each day, according to Santiment. Such network growth is typically viewed as an indicator of increasing adoption among both retail and institutional participants. In previous cycles, surging wallet creation often aligned with upward price movements.
This blend of rising address activity and robust whale accumulation provides a solid foundation for optimism about further gains. While analysts stress the importance of monitoring future demand trends, the current outlook leans positive due to these technical signals.
The growing activity in decentralized finance and meme tokens has also spotlighted the importance of tracking broader market dynamics. In the meme token space, an internet trend can transform into substantial financial flows within days. Fomo App reported a notable example, where a $99 investment in “Niu Lai” was converted into approximately $370,000. Comprehensive market analysis now extends beyond price moves to include the timing and selection strategies of investors. Fomo App consolidates token discovery, trade alerts, social feeds, and investor rankings on one platform, enabling users to monitor meme token activity and investor sentiment closely.
On-chain data from Glassnode highlights two prominent resistance levels for Chainlink. The first challenge emerges near $16, where 16.9 million LINK were previously purchased. This concentration often results in selling pressure, as some holders may opt to realize gains once price returns to this level.
Should buyers push the price beyond $16, attention quickly shifts to $17.70, a more formidable barrier. Data shows around 22.7 million LINK were acquired at this higher level, meaning a larger group of holders could be tempted to sell if the price approaches this point.
Ali Charts identified $16 and $17.70 as the critical zones to watch. He emphasized that breaching these levels would likely signal a sustained shift in market sentiment, but cautioned that strong resistance often prompts increased selling from large holders.
Whether Chainlink can rally further now hinges on overcoming both zones. Continued accumulation by whales and robust network expansion imply underlying demand persists, though bulls must contend with these significant hurdles to achieve a clear breakout.
Riot Platforms splatila úvěr od Coinbase ve výši 200 milionů USD a uvolnila 5 821 BTC v hodnotě asi 494 milionů USD. Firma zatím neřekla, zda je prodá.
Riot Platforms has repaid a $200 million Coinbase loan, releasing 5,821 bitcoin it had locked up as security. At today’s price of about $84,800, those coins are worth roughly $494 million.
Riot, a Nasdaq-listed Bitcoin (BTC) miner, now controls that stack without restriction. It is also spending heavily to turn its Texas sites into artificial intelligence (AI) data centers.
Bitcoin (BTC) Price Performance. Source: BeInCryptoWhat Riot’s Bitcoin-Backed Coinbase Loan Repayment FreedThe loan worked much like a pawn deal. Riot handed Bitcoin, USDC (a dollar-pegged digital token), and cash to Coinbase Custody as security.
Riot cleared the debt and interest on September 21, according to an 8-K filed Friday. An 8-K is a report US-listed companies must file after major events. Coinbase’s claim on the pledged assets ended the same day, and Riot paid no early repayment fee.
The released coins made up just over half of the 11,380 Bitcoin Riot held on June 30. However, the filing does not say how Riot raised the cash or what it plans for the coins.
Why Riot’s Locked Bitcoin Kept ChangingBefore the payoff, only 5,559 of Riot’s coins were free to use, its June quarterly report shows. If its holdings have not changed since, the payoff roughly doubles that pool.
The number of locked coins rose and fell with Bitcoin’s price. When the price drops, each coin covers less of the debt, so Riot had to hand over more.
That happened in February. A price slide forced Riot to add 1,825 coins, lifting its pledge from 3,977 at the end of 2025 to 5,802, its annual report shows.
The rule also worked the other way. When prices rose, the loan agreement let Riot ask for some coins back without repaying. However, Coinbase had the final say on the math.
Instead, Riot repaid the full $200 million, seven months before the loan’s April 2027 due date. The loan carried a fixed 6.15% interest rate.
Riot Has Been Selling More Bitcoin Than It MinesRiot’s recent record shows heavy selling. In the first quarter, it sold 3,778 Bitcoin for $289.5 million while mining 1,473, its production update shows.
The drawdown continued. Riot’s holdings fell from 15,680 to 11,380 coins in the second quarter, even as it mined 1,587. BeInCrypto reported in August that the miner was funding its AI buildout partly through those sales.
That buildout is large. In August, Riot signed a 20-year, $9.1 billion lease for 191 megawatts of computing capacity at its Rockdale, Texas, campus. The tenant is described only as a leading frontier AI lab.
Riot has other funding lined up, though. Morgan Stanley provided a $573 million interim loan for early construction, while a longer-term credit backstop is being finalized, Riot’s second-quarter results show.
Meanwhile, Bitcoin’s price has climbed since June 30, when the pledged coins were worth $340.7 million.
On the market, RIOT shares closed Friday at $23, down 2%. The stock lost about 3% over five days but remains up roughly 82% this year.
RIOT Stock Performance. Source: Yahoo FinanceRiot’s next quarterly report will show whether the freed bitcoin stayed on its books.
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Solana ETF zaznamenaly největší týdenní příliv kapitálu od spuštění, když mezi 21. a 25. zářím přiteklo 188,21 milionu USD. Všechny sedm fondů skončily v plusu, nejvíc Bitwise s 128,46 milionu USD.
Solana is seeing renewed interest from institutional investors as momentum continues to build amid recent price rallies seen across the broad crypto market.
While Solana has continued to pull strong price moves in recent days, its ETF market has also witnessed a substantial resurgence in its trading performance recently.
Solana ETFs draw in $188 millionThe rapid institutional interest witnessed by the US spot Solana ETF has seen them record their strongest week in barely a year after they launched.
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Latest data shows that the Solana ETFs have collectively attracted a total of $188.21 million in fresh capital between September 21 and September 25, 2026.
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Notably, the record weekly inflow came after the Solana ETFs saw $86.67 million in net inflows on Friday, bringing the week's total to a record high.
While this marks the largest weekly inflow ever recorded by the funds since they launched late last year, it signals growing investor interest in Solana as all seven ETFs recorded positive inflows during the week.
Bitwise takes lion's share Bitwise has maintained leadership in the Solana ETF market since they launched until today, as the firm has continued to attract the largest amount of capital on a daily basis.
While it continues to dominate the market, the Bitwise Solana Staking ETF (BSOL) attracted about $128.46 million during the five-day period.
While Grayscale also followed during the period with about $28.06 million in total inflows for the week, Bitwise's share marks 68% of the total weekly inflows, further fortifying Bitwise's position as a leader in the Solana ETF market.
AMLBot uvedl, že asi 4 BTC spojené s hackem Bitget prošly přes Wasabi CoinJoin po přesunu přes TRON, Ethereum a THORChain. Bitget mezitím potvrdil, že při zářijovém útoku bylo odcizeno přibližně 387,5 milionu USD.
Some assets linked to the Bitget security breach have entered Wasabi CoinJoin after moving through several blockchains and swap routes, according to blockchain compliance firm AMLBot.
Summary
AMLBot traced roughly four BTC linked to Bitget theft into a Wasabi CoinJoin transaction round. Funds moved from TRON through USDT0, Ethereum and THORChain before reaching Bitcoin addresses for mixing. Bitget now confirms approximately $387.5 million was transferred to attacker-controlled addresses during the September breach. About $343 million remained dormant across thirteen attacker wallets as of September 25, AMLBot estimated. Bitget plans phased withdrawals from September 28 after identifying and fixing the underlying security vulnerability. AMLBot said on Sept. 27 that its tracing connected roughly 4 BTC in one CoinJoin round to funds originating from a Bitget-linked TRON wallet. The firm described the activity as an apparent attempt to obscure the movement of stolen assets.
The finding comes after Bitget revised the value of assets transferred to attacker-controlled addresses to approximately $387.5 million. The exchange’s official investigation update said the new total includes Zcash and TRON assets that were missing from its initial $351.6 million estimate.
Bitget funds moved through four networks before CoinJoin AMLBot traced a multi-stage route beginning on TRON. According to the firm’s account, the attacker first converted TRX into USDT. The funds were then moved to Ethereum through USDT0, an omnichain version of Tether designed for transfers between supported networks.
Once on Ethereum, the assets were swapped into approximately 145 ETH. AMLBot said the ETH subsequently moved through THORChain and was converted into around 4.59 BTC.
The Bitcoin was then divided into smaller amounts before reaching a Wasabi CoinJoin round. AMLBot said its analysis could connect roughly 4 BTC in that transaction back to the Bitget TRON wallet.
CoinJoin combines Bitcoin inputs and outputs from multiple participants in a single transaction. The technique can make transaction tracing more difficult because blockchain observers cannot simply map one input to one corresponding output.
AMLBot characterized the activity as laundering through Wasabi CoinJoin and said it had blacklisted the linked addresses. The company is continuing to monitor the Bitcoin for further CoinJoin activity.
The attribution remains AMLBot’s blockchain analysis. Public blockchain records show transfers between addresses, swaps and cross-chain activity, but the purpose of each transaction is inferred from the observed flow and address attribution.
A Binance News summary published Sept. 27 repeated the same sequence, citing reports based on AMLBot’s tracing.
Bitget raises confirmed loss to $387.5 million Bitget initially said the Sept. 24 incident affected approximately $351.6 million in assets after unauthorized transfers from portions of its hot and warm wallet infrastructure.
The exchange detected the activity at 18:31 UTC and suspended withdrawals while leaving deposits and trading operational. Cold wallets remained secure, according to Bitget’s initial security notice.
By Sept. 25, Bitget’s transaction classification had raised the confirmed amount to approximately $387.5 million. The exchange said the increase did not result from new thefts after the breach. Investigators had instead identified additional Zcash and TRON assets involved in the original incident.
Affected assets included ETH, XRP, USDT, USDC, USDT0, ZEC, XAUt, BNB, AVAX and TRX. Bitget published primary attacker-controlled addresses on Ethereum-compatible networks, XRP Ledger, Zcash and TRON as part of its recovery work.
Bitget’s preliminary findings pointed toward a compromise involving backend wallet infrastructure rather than a leak of private keys. CEO Gracy Chen said private keys remained secure while investigators worked to identify the exact intrusion path.
Bitget later said its security team had identified the attack path and the method used to bypass existing controls. The company said the underlying vulnerability had been fixed, though it has not publicly released a complete technical root-cause report detailing the exploit.
AMLBot says most stolen assets remain dormant The CoinJoin activity represents only a small part of the funds linked to the breach.
In a Sept. 25 update, AMLBot said approximately $343 million, representing around 88% of the roughly $389 million it was tracking, had not moved. The firm’s figure was based on addresses it had attributed to the attacker.
AMLBot identified 13 dormant wallets holding several asset types. Eight Ethereum wallets contained approximately 68,300 ETH, while four XRP addresses held around 83 million XRP. Another wallet contained close to 18,900 ZEC.
The firm said none of those 13 addresses had sent a transaction since receiving the funds. Its subsequent Wasabi update concerns a different portion of the stolen assets that had already begun moving between chains and assets.
Other researchers have traced separate conversion activity. Crypto.news reported on Sept. 25 that security researcher Taylor Monahan identified stolen USDC being moved and converted into ETH after the attack.
Her findings showed attacker-controlled assets being bridged and swapped after leaving Bitget. The report noted that Circle can freeze USDC at specified addresses when legal requirements are met, though the public transaction trail did not establish whether a qualifying legal order had reached Circle at the time.
The subsequent AMLBot tracing shows another part of the flow crossing from TRON to Ethereum and then into Bitcoin through THORChain before entering CoinJoin.
Bitget prepares phased withdrawal reopening Bitget is preparing to restore withdrawal services after saying the vulnerability responsible for the incident has been remediated.
The exchange’s withdrawal schedule starts with Bitcoin at 08:00 UTC on Sept. 28. ETH withdrawals on Ethereum, BSC, Arbitrum, Base and Optimism are scheduled for Sept. 29.
USDT withdrawals on Ethereum, BSC, Solana and TRON are scheduled to resume on Sept. 30. Other token withdrawals, fiat services and peer-to-peer withdrawals are expected to return on Oct. 2.
Bitget said Mandiant and SlowMist continue to assist with the security investigation while its technical teams perform validation work on the withdrawal infrastructure.
As crypto.news reported on the reopening plan, Bitget says its Protection Fund will cover the financial loss from the incident and customer account balances remain unchanged. The exchange reported that the fund held more than $464 million during the withdrawal pause.
Bitget’s September proof-of-reserves update, published before the breach, showed a total reserve ratio of 135% across 19 covered assets. The exchange states that it maintains at least a 1:1 reserve ratio for user assets covered by the program. CEO Gracy Chen is scheduled to host a live AMA at 07:30 UTC on Sept. 28 covering the incident, restoration of withdrawals and the exchange’s next steps.
GoPlus Security zpochybnila tvrzení THORChain o decentralizaci a upozornila, že validátoři mohou společně zastavit odchozí převody. Kritika přišla po hacku Bitgetu, kdy přes protokol prošlo asi 101,5 BTC a 27,63 milionu XRP.
GoPlus Security is making a pointed argument: if your protocol can block transactions but chooses not to, calling yourself “decentralized like Bitcoin” is a stretch.
The blockchain security firm publicly challenged THORChain’s decentralization narrative on September 26, pointing out that the cross-chain swap protocol’s threshold signature scheme (TSS) vaults give active validators shared control over outbound transfers. That’s a meaningful structural difference from Bitcoin or Ethereum, where users hold their own private keys and no validator committee can collectively freeze or halt fund movements.
The Bitget hack fallout
The critique didn’t arrive in a vacuum. It landed one day after the Bitget exchange hack, which resulted in losses of roughly $387.5 million. Stolen assets quickly found their way through THORChain’s infrastructure, and GoPlus identified what it called “highly likely DPRK-linked” activity in the flow.
The numbers GoPlus flagged are specific: approximately 101.5 BTC, valued at about $8.5 million, and around 27.63 million XRP worth approximately $43 million were processed through THORChain during the incident.
The decentralization debate
THORChain operates as a cross-chain liquidity protocol, using its native token RUNE and a validator set of around 100 nodes to manage multi-chain TSS vaults. The architecture lets users swap assets across different blockchains without centralized intermediaries. Proponents have long compared it to base-layer protocols like Bitcoin and Ethereum, arguing it represents genuinely decentralized infrastructure.
GoPlus’s argument cuts at the foundation of that comparison. In Bitcoin and Ethereum, no group of validators can collectively decide to halt a specific user’s outbound transfer. THORChain’s TSS model, by contrast, requires active validator participation in signing transactions. That means validators can, in theory, refuse to sign.
The protocol’s governance system reinforces this point. THORChain uses a mechanism called Mimir that allows parameter changes and emergency halts. According to GoPlus, these halts require a threshold of 3 or more validators to enact and 4 or more to reverse. Past attempts to block DPRK-linked flows through this mechanism have actually been enacted, only to be reversed afterward.
GoPlus isn’t the only voice raising this concern. OKX founder Star Xu has also questioned THORChain’s decentralization credentials, highlighting the risks inherent in collective control of TSS vaults versus the individual key custody that defines truly permissionless networks.
A billion-dollar pattern
The Bitget hack is not THORChain’s first brush with North Korean-linked laundering. Since at least 2023, the protocol has processed what multiple trackers estimate at over $1 billion in funds attributed to DPRK operations. The typical pattern involves converting stolen ETH into BTC, using THORChain’s cross-chain capabilities as the bridge.
THORChain’s defenders argue that blocking specific transactions would compromise the protocol’s neutrality and set a precedent that transforms validators into compliance officers. GoPlus is essentially saying: you can’t have it both ways. You can’t claim to be as permissionless as Bitcoin while operating a system where a committee of 100 nodes jointly custodies assets and actively signs every outbound transfer.
The distinction matters because regulatory frameworks increasingly differentiate between protocols based on their actual architecture, not their marketing. A system where validators can collectively halt transactions looks a lot more like a financial intermediary than a base-layer blockchain, regardless of what the documentation says.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Bitget po útoku z 24. září 2026 vyzval THORChain, aby zablokoval adresy hackerů po přesunu ukradených prostředků přes protokol. THORChain odmítl s tím, že jeho design bez povolení neumožňuje cenzuru transakcí.
The Bitget hack has sparked a new debate over crypto’s biggest promise of decentralization. After hackers routed stolen funds through THORChain and converted assets into Bitcoin, Bitget CEO Gracy Chen asked the protocol to block the attacker addresses.
THORChain rejected the request, saying its permissionless design does not allow it to censor transactions.
How Did the Bitget Hacker Use THORChain?Following the 24 September 2026 Bitget breach, blockchain security firms TRM Labs and SlowMist’s MistTrack tracked how the stolen funds moved across different networks.
According to blockchain tracking firms, the hackers first swapped stolen USDT and USDC into ETH and BNB to avoid freezes by issuers such as Tether and Circle.
Yet, Circle and Tether managed to freeze 218,023 USDT and 99,990 USDC, worth about $318,000 combined, from an attacker linked address.
Over the next 13 hours, the attackers moved millions of dollars in ETH and BNB through THORChain, a cross-chain protocol that allows direct swaps between different blockchains without using wrapped tokens. This allowed hackers to convert part of the stolen funds into native Bitcoin (BTC).
The newly converted BTC was then spread across thousands of private wallets, making the funds harder to track and recover.
Until now, hackers have moved about $4 million–$4.5 million of the stolen $387.5 million through THORChain and converted it into Bitcoin.
THORChain Rejects Bitget’s RequestThe movement triggered a public clash between Bitget and THORChain.
Bitget CEO Gracy Chen called on THORChain validators to block addresses linked to the attackers. Chen argued that decentralization should not prevent networks from responding to known stolen funds.
Our attacker addresses are publicly listed and actively tracked. We are formally asking @THORChain to refuse service to these addresses. Decentralization is a design principle, not a shield for facilitating known stolen funds.
The industry is watching. https://t.co/rOzV9kpu0F
— Gracy Chen @Bitget (@GracyBitget) September 26, 2026 THORChain rejected the request, saying it is a decentralized, permissionless network similar in design to Bitcoin and Ethereum. The protocol said blocking selected transactions would go against how its system operates.
“What responsibility should Bitcoin, Ethereum, and BNB Chain bear when handling known stolen funds?”
THORChain Faces Criticism Over Its RoleThe THORChain team’s response has drawn criticism from crypto security experts. SlowMist founder Cosine pointed to THORChain’s handling of earlier incidents and questioned whether the network should take action when stolen funds are clearly identified.
The decision has drawn criticism from security experts, including SlowMist founder Cosine, who questioned THORChain’s response to funds linked to major hacks.
After the $1.46 billion Bybit hack, nearly $1.2 billion in stolen funds reportedly moved through THORChain. Now, funds linked to the Bitget hack are also being sent through the network for swaps.
The attacker wallets have already been flagged and are being tracked by exchanges and security firms. Critics say this raises questions about whether THORChain could do more to stop the funds.
They also point to past incidents when THORChain developers used a “red button” to pause the network during an exploit.
when thorchain got drained in 2021, the network halted within hours. when thorfi went underwater in jan 2025, nodes voted to freeze withdrawals overnight.
"decentralized and permissionless" seems to apply only when it's other people's money.
a sanctioned state already used you to… https://t.co/V3PXFB5PCG
— Matt (@matthubuilds) September 27, 2026 Critics argue that the network is now continuing to process stolen funds and collect fees from these transactions.
Story Ends Here
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The Clearing House vybrala Quant pro technologii stojící za svou sítí On-Chain Money Initiative pro tokenizované vklady. Síť má být dostupná v první polovině roku 2027.
The Clearing House, the bank-owned company that operates the core U.S. payments networks, said on September 24 that it selected Quant to build the technology behind its On-Chain Money Initiative, a planned network that will let financial institutions of all sizes clear and settle tokenized deposit transactions. The selection was announced in a statement on the company’s website, which described Quant as a provider of programmable-money infrastructure.
What the tokenized deposit network will do The On-Chain Money Initiative, first announced in June, is designed to support payments that settle immediately and transactions that trigger automatically once agreed conditions are met, reducing manual work and delays for banks and their customers. Tokenized deposits are digital representations of a financial institution’s deposit that retain the protections and regulatory oversight of a traditional deposit, but are recorded and moved differently. For businesses, The Clearing House said, that means liquidity and payments processed around the clock; for financial institutions, it means joining a shared network rather than building one alone. The company expects the network to create new opportunities across corporate treasury, liquidity management, cross-border payments and digital asset settlement.
Quant’s role in the network Quant will provide the network’s interoperability, orchestration and transaction-management layer, the software that coordinates the clearing and settlement of tokenized deposits while connecting them to the fiat payment rails institutions already use, including The Clearing House’s RTP and CHIPS networks. Quant said its technology has already been deployed in regulated environments with central and commercial banks in the U.K. and elsewhere. “Building interbank infrastructure for tokenized deposits requires proven technology that can scale,” said Sal Karakaplan, chief strategy officer of The Clearing House. Gilbert Verdian, Quant’s founder and chief executive, called the selection “a defining step in the global transition to programmable money.”
A 2027 rollout, with the details still open The network is expected to become available to participating institutions in the first half of 2027, with additional details on participation and use cases to be announced as development progresses. The selection puts The Clearing House, whose networks clear and settle more than $2 trillion each day, alongside other bank-led efforts to move deposits on-chain. Six Canadian banks are exploring a similar tokenized deposit initiative, and the European Central Bank has launched its Pontes platform to settle tokenized assets in central bank money. The Clearing House has not yet said how many institutions will join at launch.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Podle Token Unlocks čekají příští týden velké unlocky u 2Z, SUI a ENA. Největší je 2Z, který uvolní asi 1,66 miliardy tokenů, tedy zhruba 47,69 % cirkulující nabídky, v hodnotě zhruba 114 milionů USD.
PANews reported on September 27 that, according to Token Unlocks data, tokens such as 2Z, SUI and ENA will see major unlocks next week, including:
DoubleZero (2Z) will unlock about 1.66 billion tokens at 9:00 pm Beijing time on October 2, representing about 47.69% of the circulating supply and worth about $114 million;
Sui (SUI) will unlock about 13.26 million tokens at 8:00 am Beijing time on October 1, representing about 0.32% of the circulating supply and worth about $16.7 million;
Ethena (ENA) will unlock about 40.63 million tokens at 3:00 pm Beijing time on October 2, representing about 0.45% of the circulating supply and worth about $11 million;
Kamino (KMNO) will unlock about 229 million tokens at 8:00 pm Beijing time on September 30, representing about 2.81% of the circulating supply and worth about $10.8 million;
Collector Crypt (CARDS) will unlock about 59.26 million tokens at 3:00 am Beijing time on September 30, representing about 10.62% of the circulating supply and worth about $10.7 million;
EigenCloud (EIGEN) will unlock about 36.82 million tokens at 12:00 pm Beijing time on October 1, representing about 5.19% of the circulating supply and worth about $10.3 million;
Falcon Finance (FF) will unlock about 77.14 million tokens at 9:00 pm Beijing time on September 29, representing about 2.51% of the circulating supply and worth about $10.2 million.
Jihokorejští účastníci trhu chtějí, aby nová pravidla pro stablecoiny navázané na won zahrnovala i likviditu, emisi a odkup, po prudkých cenových odchylkách na domácích burzách. Regulátor zatím finální ochranná opatření neoznámil.
South Korean industry participants have called for liquidity safeguards to form part of future won stablecoin rules after several foreign stablecoins recorded sharp price deviations on domestic exchanges.
Summary
JPYC surged to 37.6 won after its Upbit debut before returning near its yen reference. PYUSD reached 1,760 won on Upbit as limited early liquidity distorted its stablecoin pricing temporarily. EURC climbed to 7,860 won on Bithumb, exceeding its previous close by over 400%. Industry participants want liquidity providers, issuance safeguards and price controls considered for won stablecoin rules. South Korea expects its second-stage digital asset legislation to reach a parliamentary review in November. News1 reported on Sept. 27 that market participants want regulators to examine initial circulating supply, issuance and redemption channels, market makers and controls for unusual trading. The proposals come as South Korea develops its second-stage digital asset legislation, which is expected to cover stablecoin issuance and circulation.
Recent trading has shown how limited exchange liquidity can push stablecoins far from the currencies they are designed to track. JPYC, PayPal USD and EURC each experienced abnormal price moves on South Korean won markets during September.
JPYC price spike puts stablecoin liquidity under scrutiny JPY Coin, or JPYC, climbed as high as 37.6 won after Upbit introduced trading on Sept. 17. The yen-linked stablecoin had a reference value close to 8.8 won at the time, placing the exchange price at more than four times that level.
Yonhap reported that JPYC began trading around 12 won before climbing above 37 won as buying demand met limited available supply. Upbit later expanded supported deposit networks beyond Ethereum to include Kaia and Polygon, allowing more JPYC to reach the exchange. The token returned toward the 8-won range the following day.
Before trading started, Upbit had cited a JPYC reference price of 8.81 won. The exchange initially planned to support Ethereum deposits and withdrawals when announcing the listing.
In related coverage, crypto.news reported that Upbit had delayed JPYC trading by three hours on Sept. 17 while keeping the PYUSD schedule unchanged. The listing covered KRW, BTC and USDT markets. JPYC Upbit trading delayed three hours
PayPal USD experienced a smaller but still notable move on the same exchange. Upbit’s data shows PYUSD reached an all-time high of 1,760 won on Sept. 17 before falling toward the 1,360-won area.
News1 attributed the move to constrained supply during the first stage of trading. Unlike JPYC, PYUSD remained much closer to its dollar reference value, but the jump demonstrated how an exchange price can diverge when available sell-side liquidity is thin.
EURC surge adds another example from Bithumb A separate price distortion appeared in Circle’s euro-backed EURC on Bithumb. EURC reached 7,860 won shortly after midnight on Sept. 14, compared with the previous closing price of 1,513 won. The move represented an increase of more than 400%, while overseas prices remained close to the euro’s converted value.
Bithumb’s official records show EURC had entered its won market on Aug. 28, not Sept. 14. The exchange listed the token with a reference price of 1,609 won and supported deposits and withdrawals through Ethereum.
The Sept. 14 move therefore occurred more than two weeks after the listing. Reports linked the spike to concentrated orders and shallow liquidity instead of a change in the euro backing the token. Approximately 60% of that day’s EURC volume was executed within a 15-minute period, according to reporting based on Bithumb trading data.
USDG experienced another abnormal move during the same period, reaching 3,048 won on Bithumb against a previous close near 1,358 won. The repeated episodes have prompted calls from industry participants for stablecoin market rules to address exchange liquidity separately from issuer reserves.
Won stablecoin rules could cover liquidity and redemption Current debate over won-denominated stablecoins has focused heavily on who can issue them, minimum capital requirements and the assets used to back outstanding tokens.
Industry participants cited by News1 want the framework to extend into secondary-market trading. Suggested measures include requiring sufficient initial circulating supply before exchange trading begins and maintaining issuance and redemption channels that can respond when market demand changes.
Some participants have proposed requiring market makers or liquidity providers to maintain continuous buy and sell quotations. Other proposals include displaying deviations from a stablecoin’s reference value and restricting certain market orders when prices move unusually far from the underlying currency.
An industry official quoted by News1 said a won-backed token could still experience sharp volatility if demand rises suddenly while circulating supply remains inadequate. The official called for standards covering issuance, redemption, liquidity provision and responses to unusual market conditions.
Reserve requirements address a different part of the structure. Assets held by an issuer can support redemption at the designated value, while exchange prices are determined by available bids, offers and the ability to move tokens between venues or redeem them with the issuer.
South Korea’s Financial Services Commission has not announced final rules covering those proposed liquidity safeguards. The regulator has repeatedly cautioned that major parts of the second-stage digital asset framework remain under discussion.
South Korea targets November review of digital asset law Work on the legislation is continuing as regulators and lawmakers negotiate rules for stablecoins and other digital assets.
An FSC official said on Sept. 22 that the Digital Asset Framework Act is expected to reach a National Assembly bill review subcommittee in November. Ten digital asset and stablecoin proposals are currently pending, while policymakers continue discussing a consolidated framework.
As crypto.news previously reported, the planned legislation covers digital asset issuance and distribution, including stablecoins, with regulators seeking to advance the second-stage framework during 2026. South Korea targets November review for crypto legislation
One unresolved question concerns the companies allowed to issue won-denominated stablecoins. The Bank of Korea has supported an initial bank-led structure, citing monetary policy, payment-system and financial-stability concerns.
The FSC said earlier this year that reports claiming stablecoin issuer structures had already been finalized were premature. In January, the regulator said discussions with other agencies were continuing and that key provisions had not yet been settled.
Crypto.news reported in July that the central bank continued to favor bank-led consortiums while lawmakers discussed the pending framework. Bank of Korea defends bank-first stablecoin plan
By August, the FSC said work remained underway on a government proposal for the second-stage Digital Asset Act. The regulator again cautioned that specific provisions, including ownership rules affecting crypto exchanges, had not been finalized.
South Korea’s September securities-token roadmap provides another indication that stablecoin policy remains unfinished. The FSC said future on-chain payment infrastructure could eventually connect tokenized securities with stablecoins, but later implementation stages will depend partly on pending stablecoin legislation.
Hyperliquid za posledních 24 hodin spálil 10 400 HYPE za zhruba 956 800 USD a celkem už zničil 48,96 milionu tokenů. Zóna 89–90 USD zůstává klíčový support.
HYPE, the native token of the Hyperliquid decentralized trading platform, is currently defending a critical support area as the protocol expands its buyback and burn initiative. Over the past 24 hours, Hyperliquid has reportedly burned 10,400 HYPE tokens, valued at approximately $956,800, at a volume-weighted average price (VWAP) of $91.97. This latest transaction brings the total number of HYPE tokens burned to 48.96 million, representing about 4.90% of the project’s maximum supply.
Protocol revenue and supply dynamicsHyperliquid’s ongoing burn mechanism aims to reduce token supply while supporting the HYPE market. The project’s 30-day protocol revenue reached $58.27 million, providing financial resources to sustain the buyback activity. While reducing supply can influence HYPE’s price dynamics, continued upward movement is not guaranteed, as price also depends on demand, market sentiment, and broader liquidity conditions.
The protocol’s ability to generate significant revenue underpins its buyback operations. In the past month, substantial inflows have allowed the platform to accelerate token burns, further shrinking the circulating supply.
MetricLatest ValueHYPE burned (latest)10,400 tokens ($956,800)Cumulative HYPE burned48.96 millionMaximum supply burned4.90%30-day protocol revenue$58.27 millionVWAP (24h)$91.97Mini dictionary: Hyperliquid is a decentralized perpetuals exchange known for its orderbook-based trading, buyback and burn mechanics, and high throughput design serving traders globally.
Technical outlook and support levelsFrom a technical perspective, the $89–90 range has become an important support area for HYPE. Analyst Giannis Andreou notes that this zone previously acted as resistance but now functions as support due to recent price action. He describes buyers defending this level, suggesting a possible transition where former resistance becomes new support—a common occurrence in trading that can signal a bullish continuation if sustained.
The analysis points out that holding the $89–90 area could preserve the current bullish structure, while a breakdown below this level would prompt traders to reconsider their strategies rather than assume a continued uptrend.
If HYPE holds above this support, Andreou highlights the upper trendline as the next technical objective. Clearing the relevant highs could place the token into price discovery, potentially attracting further market attention.
Burns, support, and the road aheadHyperliquid’s approach hinges on reducing supply through buybacks while maintaining strong protocol revenue. The immediate challenge for HYPE is to hold the $89–90 support area. Sustaining this zone would keep the resistance-to-support flip scenario in play and shift focus toward higher levels on the chart.
Market conditions remain pivotal. If buyers lose control of the $89–90 region, the technical setup weakens, and short-term market participants may look for support at lower levels. The number of tokens burned and ongoing revenue will continue to influence sentiment and trading strategies in HYPE.
The combination of significant HYPE burns, robust protocol revenue, and buyers maintaining support forms the primary narrative for market participants as they assess Hyperliquid’s ongoing developments.
As both fundamental and technical signals interact, traders and observers are closely watching whether current support levels hold and if the protocol’s token-reduction policy can continue to affect price discovery in HYPE.
Strategy navrhuje denní výplatu dividend u STRF, STRC, STRK a STRD místo měsíčního či čtvrtletního režimu. Pokud akcionáři schválí, STRC začne 1. listopadu 2026.
After making a comeback by adding more Bitcoin [BTC] to its treasury, Michael Saylor’s Strategy is proposing to change how dividends are accrued and paid on its preferred securities—STRF, STRC, STRK, and STRD.
With this change, Strategy wants to move from monthly, semi-monthly, or quarterly dividend schedules to a system where the dividend accrues every calendar day, including Saturdays, Sundays, and U.S. market holidays.
The accumulated amount would then be paid on the next business day, which Strategy refers to as the next evolution of its “digital credit” products.
What is this proposal all about? Additionally, the proposal aims to make Strategy’s preferred securities more like liquid cash/yield instruments by using daily dividend accruals to reduce price volatility, improve liquidity, and potentially boost demand.
For STRC, Strategy aims to keep the price near its $100 par value through share sales above $100 and buybacks below $100.
This came after the company shifted from monthly to semi-monthly dividends, which reduced ex-dividend price drops from 49 to 36 basis points. And further expects daily accruals could further reduce volatility, though this is not guaranteed.
However, if at all this happens, STRC would move from 24 record dates a year to 365, or 366 in leap years, while STRF, STRK, and STRD would shift from four quarterly record dates to daily accruals.
This means dividends would accrue about 15 times more frequently for STRC and 90 times more frequently for the other three preferreds. Remarking on the same, Saylor said,
The stronger STRC is, then the better a platform (4:03) it is for all of these other innovative products.
What’s next? However, as of now, the proposal still requires shareholder approval. But if approved, STRC would begin daily accruals on the 1st of November 2026, with the first payment on the 2nd of November.
Meanwhile, STRF, STRK, and STRD would switch on the 1st of January, 2027, after completing their existing Q4 2026 dividend cycle.
Hence, Saylor concluded it best when he said,
We think these amendments should help us issue the strongest digital credit in the world, and improve stretch, and that should also help us create the best equity in the world, MSTR, which will further help us increase our Bitcoin and our Bitcoin per share.
This came as STRC stock was trading at $98.54 after a hike of 0.23% in the past trading session. Meanwhile, MSTR was trading at $158.61 after a drop of 1.86% during the same period.
At the same time, Strategy’s Bitcoin holdings have reached around 846,000 BTC, with roughly $10 billion in unrealized losses to about $8 billion in gains.
Final Summary The proposal aims to make Strategy’s preferred securities more like liquid cash/yield instruments. Once approved, STRC would begin daily accruals on 1st November, with the first payment on 2nd November.
Grayscale podal u SEC žádost o registraci ZCSH High Income ETF, fondu s opcemi na Zcash, který nebude držet ZEC přímo. Cílem je generovat příjem ze strategie covered call.
Grayscale filed a registration statement with the U.S. Securities and Exchange Commission on September 25 to register the ZCSH High Income ETF, an actively managed fund designed to earn income by trading options on Zcash exchange-traded products rather than buying the privacy coin directly. In a post-effective amendment to its Form N-1A registration statement, Grayscale Funds Trust proposes that the filing take effect 75 days after submission, around early December, and the prospectus does not yet assign a ticker or an exchange.
A synthetic covered-call strategy on Zcash funds The fund seeks current income while keeping prospects for capital appreciation through a synthetic covered-call strategy built on ZEC exchange-traded products, primarily The Zcash ETF (ticker: ZCSH). The filing says the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in options contracts that use a Zcash exchange-traded product as the reference asset, valuing each derivative at its notional amount. It plans to write, or sell, call options to collect premiums, while pairing bought calls with sold puts to replicate the underlying fund’s price movements. The 80% policy is non-fundamental and can be changed with at least 60 days of written notice.
Indirect exposure, no direct ZEC holdings The prospectus is explicit that the fund will not invest in digital assets directly, will not hold ZEC, and will not maintain a digital-asset wallet or control private keys. Because its exposure runs through derivatives, the fund cautions that it may not track the price of ZEC. ZCSH, by contrast, is a grantor trust sponsored by an affiliate of the fund’s adviser for the sole purpose of holding ZEC. The filing is the latest addition to Grayscale’s Zcash product line: the asset manager listed The Zcash ETF on NYSE Arca in August as the first U.S. spot exchange-traded fund holding a privacy coin, and options on the fund began trading in September.
What the filing leaves open The registration resolves little about the fund’s final form. The prospectus lists no ticker or listing exchange, and it states that the SEC has not approved or disapproved the securities. If the filing becomes effective as proposed, the fund would give investors a way to seek income from ZEC volatility without owning the token directly, through a series of Grayscale Funds Trust.
AUTHOR
Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
Crypto Recovery Trust vrátil více než 20 bitcoinů prokázanému majiteli po zneužití Coldcard. Podle Steptoe šlo o bezplatné obnovení v hodnotě téměř 1,7 milionu dolarů.
Crypto Recovery Trust has returned more than 20 bitcoin to a verified owner following a security breach connected to a Coldcard hardware wallet vulnerability. Legal adviser Steptoe confirmed the asset recovery and return in a statement dated 24 September 2026.
Asset return follows security breachSteptoe reported that Crypto Recovery Trust completed the return of bitcoin on 23 September, with the assets valued at nearly $1.7 million at the time. The process, according to the adviser, confirmed the owner’s identity and did not involve any fee for the recovery service. The Coldcard-related incident originated from a firmware issue linked to unpredictable seed randomness, which allowed assets to be moved by white-hat researchers after the vulnerability was discovered.
The statement emphasized that this recovery should not be interpreted as a blanket promise for all cryptocurrency owners who have experienced losses. Each case requires separate assessment and verification of ownership, and the trust has not offered universal guarantees for asset recovery.
Steptoe outlined that, in this instance, assets were returned to a verified owner without charge, following an incident attributed to compromised firmware seed randomness. The trust’s recovery does not serve as a general assurance for owners with similar losses.
The importance of seed protection and secure device useTechnical details surrounding the incident reveal that vulnerabilities in device firmware can make the wallet’s seed phrase, which controls access to funds, more predictable. Simply updating device software may not resolve the underlying exposure if credentials have already been compromised. Cryptography experts warn that once a secret is exposed, restoring security involves more than just applying a software fix.
Owners are urged to determine whether their particular device and configuration are impacted, rather than assuming risk based solely on the hardware wallet’s brand. It is often necessary to replace compromised credentials entirely in addition to applying any official software update.
Fast-moving trends and vulnerabilities in crypto security can attract opportunistic actors beyond device manufacturers and recovery services. The need to closely monitor wallets, exploits, and market developments is echoed in meme token trading activity, where the timing and selection of tokens has proven crucial. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000, stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.
Recovery impersonation and user protectionPublic reports of successful asset recovery can attract impersonators attempting to take advantage of affected users. Cryptocurrency owners are strongly cautioned not to rely on unsolicited messages promising similar returns, as these may not originate from the trusted organization. Independent verification through official channels is essential before responding to any communications regarding recovery.
Requests for sensitive information such as seed phrases or private keys pose a direct security threat. Anyone asked to provide these details should recognize this as an attempt to gain control over their wallet, not legitimate recovery protocol. The sole successfully returned funds in this case do not imply that other potential claims will be eligible or processed in the same way.
Publicizing a large return can create an opportunity for scammers, as those hoping to recover their funds might mistakenly trust messages from malicious actors posing as the recovery trust.
Steptoe’s statement clarified that each incident must be evaluated individually, and no outside communication should be trusted without official verification.
Verification and independent reviewThe Crypto Recovery Trust and its advisers did not guarantee universal restitution for losses linked to the Coldcard incident. The asset return only followed verification of rightful ownership and was facilitated by technical cooperation with involved security researchers.
External parties have not independently assessed the affected hardware or the specifics of the returned assets. Therefore, other users who believe they may have suffered losses from similar vulnerabilities should proceed with heightened caution and seek guidance from credible sources before taking any steps.
XRP has attracted renewed attention in the market following a surge of inflows into US spot XRP exchange-traded funds, with the digital asset trading just above $1.50.
ETF inflows support XRPBetween September 22 and September 24, spot XRP ETFs in the United States registered net inflows totaling $52.95 million. These include a $9.91 million inflow to the Bitwise XRP ETF on September 24 and a $4.98 million addition to the Franklin XRP ETF during the same period.
These inflows arrive after a phase of relatively low activity and are seen as a revival in demand for regulated XRP investment vehicles. Recent filings indicate expanding ETF product offerings, such as the Ultra XRP ETF by ProShares, which is among the suite of cryptocurrency-focused ETFs now available in the US.
ProShares is a well-known asset manager specializing in exchange-traded funds that give investors structured exposure to various asset classes.
Mini dictionary: ProShares, a leading US ETF provider, manages a wide range of products including cryptocurrency ETFs, such as Ultra XRP ETF (UXRP), which offers leveraged exposure to the daily movements of the Bloomberg XRP Index.
XRP spot ETFs in the US recorded $52.95 million in combined net inflows between September 22 and September 24, led by products from Bitwise and Franklin, highlighting rising investor demand for regulated XRP access.
Technical signals and key price levelsXRP’s price recently pulled back from a high of $1.63 and is now preparing to close the week near its 50-week exponential moving average. The digital asset is currently trading at $1.54, with a 24-hour trading volume of $5.18 billion and a market capitalization of $96.83 billion. Over the last 24 hours, XRP has declined by 1.89%.
Analysis indicates that the price is consolidating within the $1.50 to $1.60 zone, which has become a focal point for market participants. ChartNerd, an independent market analyst, described the $1.55 mark as a significant liquidity level, noting that the price has recently crossed liquidity from the previous trading session. Neutral funding rates and a reduction in trading volume over the weekend have also been observed around these levels.
A look at technical indicators shows the middle, upper, and lower Bollinger Bands for XRP stand at $1.41871, $1.60015, and $1.23727, respectively. XRP is trading between the middle and upper bands. The MACD indicator remains positive, with the MACD line at 0.05898, the signal line at 0.04501, and a histogram value of 0.01397.
IndicatorLevel/ValueCurrent Price$1.54Volume (24h)$5.18 billionMarket Cap$96.83 billionSupport$1.50Resistance$1.60, $1.63Bollinger BandsLower: $1.23727, Middle: $1.41871, Upper: $1.60015MACDMACD: 0.05898, Signal: 0.04501, Histogram: 0.01397If XRP advances above $1.60, the next resistance sits at $1.63. A decline below $1.50 would increase pressure on the lower end of its trading range. Market observers continue to watch the $1.55 area as a key liquidity zone, while the upper range remains capped by resistance at $1.60.
ChartNerd emphasized the importance of the $1.55 liquidity level and the neutral funding environment amid subdued weekend volume, underscoring a stable price range from $1.50 to $1.60.
Leveraged ETF developmentsProShares’ Ultra XRP ETF (UXRP) is designed to provide investors with leveraged exposure equivalent to twice the daily movement of the Bloomberg XRP Index. Unlike spot ETFs, UXRP is a leveraged product, which means its returns can differ significantly from holding XRP directly.
UXRP adds another dimension for those seeking aggressive exposure to XRP price movements within a regulated ETF structure.
Recent SEC filings indicate that ProShares has registered both a standard XRP ETF and the leveraged UXRP fund, but these are not currently offered for trading. Market participants are closely monitoring these developments as the US ETF landscape for digital assets continues to evolve.
The interplay of regulated investment flows and critical technical levels has placed XRP in the spotlight as traders await the next decisive move outside the current consolidation zone.
XRP ETF drží šest měsíců v řadě čisté přílivy, v srpnu přibylo 159,18 milionu USD a v září zatím 117,44 milionu USD. Futures ale ukazují převahu prodejů a rezervy XRP na Binance rostou.
Ripple [XRP] has been getting a lot of love from ETF investors lately. However, there’s two sides to every story, and traders are on the other end of the tale.
What gives?
Six months in the green for XRP ETFs Monthly net inflows have stayed green for half a year now, per SoSoValue. August was the biggest of the lot at $159.18 million.
September has added another $117.44 million so far. That brings total net assets to $1.77 billion.
Source: SoSoValue Now here’s the catch.
Source: CryptoQuant Over on the futures side, CryptoQuant’s 90-day taker CVD showed sell-dominance earlier in the month.
It’s been bleeding red ever since.
Source: CryptoQuant Funding rates have, for the most part, been positive. However, they fell massively into the deep red for a few times since late August. A look at the numbers will show dips as low as -0.018 in mid September.
While most traders still lean long, short bets keep popping up like weeds.
XRP active addresses rise, and so do reserves Traders might be split, but the XRP ledger itself has been bustling.
Active addresses rose to 29.9K, per CryptoQuant. That’s the highest in half a year, and a king’s leap from the 10.7K of mid-September. For most of June to August, the number moved between 12.5K and 17.5K.
Source: CryptoQuant But here’s the other POV.
Reserves on Binance have also been going up, now at 2.695 billion XRP. But what does that have to do with anything?
Source: CryptoQuant More XRP on exchanges means more coins to be sold. The network is awake, and there’s more supply on the sell side.
If you add the red CVD to that, holders are maybe ready to cash in on the bounce.
Where do we go from here? First things first, a key data point to watch, is whether ETFs stay green in the following months. If that sustains, that’s steady demand.
Next, the CVD. A change back to neutral or buy-dominant would mean futures traders are finally on board.
Finally, if Binance reserves keep rising while active addresses slow, sell pressure could win out.
Final Summary XRP ETFs have been in the green for half a year now. Futures CVD has turned sell-dominant and XRP ledger activity has increased.
ARK Invest a Securitize spustily 24. září tokenizovanou třídu podílů fondu ARK Venture Fund, ARKVX, která se bude vypořádávat a převádět na síti Ethereum. Jde o podíl v regulovaném fondu, ne o přímé vlastnictví firem v portfoliu.
ARK Invest and Securitize announced the launch of the ARK Venture Fund’s tokenized share class, ARKVX, on September 24. This initiative will see shares of the fund issued and managed through Securitize’s regulated tokenization platform, bringing its exposure to blockchain through Ethereum.
The ARK Venture Fund is managed by ARK Invest, an asset manager known for focusing on disruptive innovation and technology investments. With the new tokenized share class, investors do not hold tokens representing direct equity in SpaceX, OpenAI, Anthropic, or other portfolio companies. Instead, ARKVX represents a fractional interest in the regulated fund itself, which in turn holds stakes in these private and public technology firms.
Current portfolio data from ARK Invest show SpaceX makes up 7.54% of the fund, OpenAI accounts for 5.26%, and Anthropic stands at 3.86%. Other notable companies in the fund include Stripe, Crusoe, and Figure AI among a mix of private and listed technology ventures.
The new structure allows investors to buy tokenized interests in a regulated fund with exposure to high-growth technology companies, but not in the underlying companies themselves.
Eligible investors must participate through Securitize’s official platform, which provides the technical and regulatory infrastructure to facilitate compliant onchain issuance and transfers.
Mini dictionary: Securitize is a US-based digital asset securities firm specializing in the compliant issuance and management of tokenized securities, providing regulated infrastructure for onchain asset management.
Ethereum as the Settlement LayerSecuritize has stated that the ARKVX share class will settle and transfer on Ethereum’s blockchain, taking advantage of its smart contract capabilities for record keeping and transaction validation. However, the fundamental structure and investment framework of the ARK Venture Fund remain unchanged. As a closed-end interval fund, it continues to be actively managed, focusing on disruptive private and public market investments.
Interval funds are a specific category of investment vehicles that offer periodic repurchase opportunities, rather than continuous secondary market trading. This means holders of ARKVX retain exposure to technological growth but must participate in scheduled liquidity windows, as opposed to instant tradability sometimes associated with blockchain-based assets.
Fund AttributeTraditional StructureTokenized ARKVXOwnership RecordOffchain (Registrar)Onchain (Ethereum)LiquidityPeriodic RepurchasePeriodic RepurchaseUnderlying AssetsPrivate & Public Tech CompaniesPrivate & Public Tech CompaniesInvestor AccessTraditional PlatformSecuritize PlatformThe tokenization adds a new digital rail but does not affect the fund’s core liquidity or access to underlying company equity. ARK Invest emphasized that while trading onchain can sound more liquid, the interval fund format means liquidity remains governed by official repurchase periods.
Moving tokenized funds onchain updates ownership and settlement processes, but it leaves the fundamental investment and redemption structures intact.
Growth in Tokenized Real-World AssetsARK Invest has advocated for the continued growth of tokenized real-world assets (RWA) within traditional finance. The firm believes tokenization could expand market access and potentially unlock a multi-trillion-dollar segment for investors seeking exposure to disruptive technology.
This launch aligns with a broader industry shift as funds and securities increasingly leverage blockchain for efficiency, transparency, and broader investor reach.
Binance uzavřela s Circle pětiletou obchodní dohodu a investovala 100 milionů USD, což má dál rozšířit USDC a zvýšit tlak na USDT. Na Binance už objem USDC výrazně roste.
PANews reported on September 26, citing CoinDesk, that analysts said Binance's $100 million investment to purchase Circle shares and its new five-year commercial agreement with Circle will further expand USDC's reach in emerging markets and global crypto trading, while creating more competitive pressure on Tether's USDT. The agreement integrates and promotes USDC on the Binance platform while allowing Binance to directly participate in Circle's growth. Clear Street analyst Owen Lau said the move further optimizes the partnership and better aligns the interests of Binance and Circle, similar to the distributor and shareholder relationship between Circle and Coinbase.
Binance and Circle first reached a partnership in December 2024, and since then USDC trading markets and trading volume on Binance have grown significantly. Kaiko data shows that when the two sides first partnered, Binance offered 140 USDC-denominated spot trading markets, a figure that has now grown to 329; by comparison, Binance's USDC-denominated trading markets grew from 39 in 2021 to 140 by the end of 2024, a relatively slower pace of expansion. Binance's monthly USDC trading volume has also risen from a range of roughly $20 billion to $40 billion before the partnership to a level that now consistently exceeds $80 billion.
Kaiko head of research Anastasia Melachrinos said that since 2026, Binance has continued to hold the largest share of USDC spot trading activity, handling roughly $5 billion to $10 billion in daily trading volume, about 10 to 20 times that of most other trading platforms, while USDC trading volume on other major exchanges overall remains largely within its previous range. She believes Binance itself has likely driven the substantial growth in USDC trading volume, and as Binance further expands USDC's coverage in emerging markets, its advantage may continue to widen.
Circle oznámila, že CFO Jeremy Fox-Geen odejde do konce roku a spoluzakladatel P. Sean Neville rezignoval na místo v představenstvu. Počet členů představenstva klesl na sedm.
Circle Internet Group (NYSE: CRCL), the issuer of the USDC stablecoin, disclosed in a September 25 securities filing that Chief Financial Officer Jeremy Fox-Geen will step down by the end of the year and that co-founder P. Sean Neville has resigned from the board. The leadership changes were detailed in a Form 8-K filed with the U.S. Securities and Exchange Commission and reduce the board from eight to seven directors.
CFO transition through year-end Fox-Geen notified the company on September 25 of his intention to step down but will continue as chief financial officer through December 31, 2026, or until a successor is appointed, to support the transition. Circle has begun a search for its next CFO with the help of a leading executive search firm and said his departure did not result from any disagreement over the company’s operations, policies, or practices. He will also remain eligible for company benefit plans during the transition.
Under a Post-Termination Restrictive Covenant Agreement, Fox-Geen will keep his $500,000 annualized base salary through the transition, remain eligible for a 2026 incentive award targeted at 110% of base salary, and continue vesting in outstanding equity awards. In exchange for restrictive covenants and a release, Circle will pay him $1,050,000 in equal monthly installments over 12 months, accelerate two additional months of restricted stock unit vesting, and extend by 12 months the post-termination exercise period for his outstanding non-qualified stock options. The agreement also includes a 24-month non-solicitation and non-hire covenant and a 12-month non-compete clause.
Co-founder departs the board The filing also disclosed that Neville, a co-founder who had served on the board since 2016, resigned effective September 25 for personal reasons. Circle described the move as part of an orderly process of board refreshment and said it was not due to any disagreement, leaving the board with seven directors.
A leadership reset at the stablecoin issuer The changes arrive as Circle has deepened its reach across the industry, including a $100 million strategic investment from Binance and new bitcoin-backed USDC borrowing for institutions, both announced this week. The company issued a press release the same day announcing Fox-Geen’s departure, and President Heath P. Tarbert signed the filing, which was made under Securities and Exchange Commission disclosure rules for public companies.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Komunita Shiba Inu varuje před záměnou TREAT tokenů na Ethereum: existuje 366 tokenů se stejným tickerem, takže je nutné ověřovat kontrakt, ne jen symbol.
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.
A crucial warning has emerged for the Shiba Inu community amid a recent disclosure of multiple Ethereum tokens using the TREAT name and ticker.
Long-time Shiba Inu community member Mazrael, in a recent X conversation, pointed to over 366 tokens on Ethereum alone with the TREAT ticker.
"If anyone is saying there are two tokens with that ticker, it's low-key an ad for scammers. There are 366 tokens on ETH alone with the TREAT-named ticker," Mazrael wrote.
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if anyone is saying "there is two tokens with that ticker"
its low key ad for scammers.
and anyone that keep posting about that non stop (notice last few days groups have been very active posting about that) is most definitely involved in that.
there is 366 tokens on…
— Mazrael.shib (@Mazrael_shib) September 25, 2026 Mazrael was reacting to a post by X user 'BAPA-Fortuna,' who called attention to the fact that there were other tokens with the TREAT ticker. He pointed to two different Ethereum tokens using the TREAT name/ticker.
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The official TREAT token for the Shiba Inu ecosystem exists on Ethereum and Shibarium, and he shared the respective contract addresses. An older Ethereum token using the TREAT name and ticker reportedly dates back to Jan. 13, 2023. However, it is a separate token and should not be confused with or associated with the Shiba Inu ecosystem.
The warning urges users to verify the contract address and never to identify a token by its ticker alone.
Shibarium receives quiet upgradesShiba Inu layer-2 Shibarium continues to receive silent upgrades. This week, Mazrael informed the community that 'x402 is live on Shibarium.' x402 is an open, neutral standard for internet-native payments. It makes payments possible between clients and servers, creating win-win economies that empower agentic payments at scale.
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x402 enables instant, low-cost payments for digital services, and it is designed for API monetization, agentic commerce, paywalled content, and any scenario where traditional payment methods are too slow or expensive.
Mazrael shared details of the x402 upgrade: "Permit2, the x402 proxy, the SignatureValidator—all at the same canonical addresses x402 uses on Ethereum, Base and Polygon. Any x402 client works on chain 109 with zero custom code. Most facilitators are USDC-only; they settle through EIP-3009, and USDC is what implements it. The Permit2 route takes any ERC-20."
Mazrael noted that AI agents can pay in SHIB, TREAT, or wrapped BONE.
Ethena ukončuje ENA pobídky pro stakující USDe; od tohoto měsíce klesnou na nulu po zhruba 85% snížení od roku 2024. Projekt už od spuštění rozdělil přes 750 milionů dolarů na odměnách.
Ethena is pulling the plug on ENA token incentives for USDe stakers, marking the end of a rewards program that once powered one of crypto’s fastest-growing stablecoin experiments. The incentives have been cut by roughly 85% since 2024, and after this month, they drop to zero.
The incentive era winds down Ethena’s synthetic dollar, USDe, rode a wave of generous ENA token emissions to scale rapidly. The protocol has distributed over $750 million in total rewards to users since launch, a staggering sum that helped USDe’s circulating supply balloon to approximately $15 billion at its peak in October 2025.
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USDe’s supply has since contracted by more than 65%, falling below $5 billion as of late August 2026. The 85% reduction in discretionary ENA rewards tracked a cooling funding-rate environment, the very mechanism that generates yield for USDe holders. When perpetual futures funding rates run hot, Ethena’s delta-neutral strategy prints money. When they cool off, the economics get tighter, and subsidizing growth with token emissions becomes harder to justify.
Governance gets a makeover The Ethena Foundation terminated recurring ENA investor unlocks as of October 5, 2026, completing a buyout of locked ENA.
A governance proposal approved in September 2026 ties ENA buybacks directly to USDe supply milestones, with the first threshold set at $7.5 billion. If USDe’s circulating supply climbs back above that level, 95% of the protocol’s net revenue gets channeled into buying ENA off the open market.
The sustainability question Ethena has shifted its strategic priorities toward institutional credit products and white-label stablecoin offerings. USDe lost more than two-thirds of its supply as incentives dried up, falling from roughly $15 billion to below $5 billion. Rebuilding from below $5 billion to the $7.5 billion threshold needed to trigger buybacks requires organic growth in an environment where funding rates aren’t cooperating.
The $750 million already spent on rewards represents a significant customer acquisition cost. The buyback mechanism ties ENA buybacks to USDe supply performance rather than continuous token emissions, meaning ENA holders are making a bet on USDe’s ability to recapture lost ground.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
RLUSD má v oběhu asi 2,49 miliardy tokenů a hodnota stablecoinů na XRP Ledgeru za týden vzrostla zhruba o 6 %. Z toho asi 1,10 miliardy připadá na RLUSD.
Ripple’s RLUSD has reached a circulating supply of about 2.49 billion tokens as the value of stablecoins on the XRP Ledger has risen roughly 6% in a week.
Summary
CoinMarketCap places RLUSD’s circulating supply near 2.49 billion tokens, up from the $2 billion milestone Ripple reported in August. DefiLlama data cited in the source report puts XRPL stablecoins near $1.19 billion, led by RLUSD. RLUSD is issued across several networks, so its total supply exceeds the amount held on XRPL. Standard Custody issues the dollar-pegged token under New York state supervision. CoinMarketCap data places RLUSD’s circulating supply at approximately 2.49 billion tokens and its market value close to $2.5 billion. The stablecoin trades near $1, so the increase in market value comes mainly from more tokens in circulation, rather than a rise in its price.
Ripple said RLUSD had crossed $2 billion in market value in late August. At the time, close to $1 billion had been issued on the XRP Ledger, according to the company. The latest total puts circulation roughly $490 million above that milestone, though tracker readings can differ by snapshot time and by how they count tokens across networks.
The XRPL figures describe a smaller pool. DefiLlama data cited in the source report placed all stablecoins on the ledger at approximately $1.19 billion, up about 6% over seven days and 11% over 30 days. About $1.10 billion of that amount was attributed to RLUSD, giving Ripple’s token more than 92% of the ledger’s tracked stablecoin supply.
RLUSD supply has grown beyond its August milestone Ripple launched RLUSD in December 2024 as a dollar-pegged token for payments and other financial transactions. The company first issued it on the XRP Ledger and Ethereum and has since listed additional supported networks in its documentation.
When RLUSD passed $2 billion in August, Ethereum held slightly more of the token than XRPL. As crypto.news reported at the time, on-chain figures put about $963 million on XRPL and $1.05 billion on Ethereum. Ripple described the ledger’s share as close to $1 billion.
The current XRPL figure of about $1.10 billion points to further issuance on Ripple’s home ledger. It also means that well over $1 billion of the roughly $2.49 billion total remains on other supported networks. The figures should be kept separate: RLUSD’s total circulating supply counts the token wherever it has been issued, while the XRPL stablecoin total counts dollar tokens on that ledger.
Institutional clients have a direct route to create and redeem the token through Ripple Mint. Ripple introduced the service in July with an interface and API for eligible clients to manage RLUSD operations. The company presents it as a way to fit stablecoin issuance into existing treasury and payment systems.
Ripple has also identified corporate treasury payments as a possible use for RLUSD. In September, the company pointed to clients handling an estimated $13 trillion annually, according to earlier treasury coverage. That figure describes the payments handled by potential clients; it is not a measure of transactions already settled in RLUSD.
XRP Ledger stablecoins remain concentrated in RLUSD DefiLlama’s XRPL total puts other stablecoins on the network at roughly $90 million after subtracting the reported $1.10 billion in RLUSD. The estimate depends on the timing of each tracker reading, but it shows the size of Ripple’s token relative to the ledger’s other dollar assets.
For XRPL users, RLUSD provides a dollar-denominated asset that can move on the same ledger as XRP. Ripple’s documentation describes the stablecoin as redeemable for U.S. dollars through its issuer’s arrangements. XRP serves a different role as the ledger’s native token and is used to pay network fees.
The difference matters when assessing what the new supply means for XRP holders. More RLUSD on XRPL can produce additional ledger activity, but it does not require holders of the stablecoin to buy an equivalent value of XRP. A September report on XRP examined the two assets’ separate price and usage trends as RLUSD grew past $2.3 billion.
Ripple has described RLUSD uses that include payments, trading collateral and tokenized assets. In August, it joined Clearpool and Cicada on a planned institutional credit fund denominated in RLUSD. The proposed credit fund was still under development when announced, and its planned size had not been disclosed.
New York oversight governs RLUSD’s reserves In the United States, RLUSD’s issuer is Standard Custody & Trust Company, a Ripple subsidiary chartered as a limited-purpose trust company by the New York State Department of Financial Services. Ripple says the tokens are backed by cash and permitted cash equivalents held in segregated reserve accounts.
According to Ripple’s transparency disclosures, the company publishes monthly third-party attestations of the assets backing RLUSD. Those reports show reserves and circulation at a specified date, while market trackers update their supply estimates more frequently. Ripple selected BNY in 2025 as the primary custodian for RLUSD reserves.
Ripple’s terms state that RLUSD is not an insured bank deposit. For U.S. holders, redemption rights and the assets in reserve therefore depend on the issuer’s arrangements and applicable oversight, rather than Federal Deposit Insurance Corporation coverage.
Separately, the Federal Reserve released two proposed rules on Sep. 24 to implement parts of the GENIUS Act for issuers under its supervision and for insured state member banks seeking to issue payment stablecoins through subsidiaries. The Fed’s proposed rules cover permitted reserves, capital, risk controls, and bank applications. Public comments are due 60 days after the proposals appear in the Federal Register.
The recently enacted GENIUS Act could drive new growth in RLUSD adoption and enhance usage of the XRP Ledger, according to cryptocurrency researcher SMQKE. The claim centers on legislative changes to stablecoin regulation in the United States and the resulting impact on both RLUSD and XRP transaction activity.
SMQKE connects GENIUS Act to RLUSD adoptionSMQKE released a document on social platform X outlining how the GENIUS Act may affect the position of RLUSD and XRP in the stablecoin market. The legislation establishes standards for stablecoin reserves, licensing, and interoperability, aiming to increase oversight for payment-focused stablecoins used in financial markets.
President Donald Trump signed the GENIUS Act into law on July 18, 2025. The US Treasury Department stated that the act creates a federal regulatory structure for stablecoin issuers operating within the country.
The researcher’s analysis suggests the act’s compliance requirements could bolster financial institutions’ trust in RLUSD, a stablecoin issued by Ripple. The document claims that with improved transparency, RLUSD could attract more adoption from banks and payment companies seeking regulated stablecoin options.
Ripple, a US-based blockchain company known for cross-border payments technology, currently issues RLUSD on both the XRP Ledger and Ethereum. Ripple has emphasized that each RLUSD token is fully backed by a reserve comprised of cash, cash equivalents, and other approved assets.
Mini dictionary: RLUSD, a stablecoin developed and issued by Ripple, maintains a fixed value of one US dollar and is supported by various reserves. RLUSD is available on the XRP Ledger, Ethereum, and potentially other networks, targeting use cases in payments and settlements.
“Yes, the GENIUS Act will amplify XRP’s use case. This is documented below.”
RLUSD transactions use XRP for feesThe document further links the expected growth in RLUSD adoption to demand for XRP within the XRP Ledger ecosystem. On XRPL, every transaction requires users to destroy a small amount of XRP as a network fee. The base transaction cost is currently set at 10 drops, but it can rise during periods of high congestion. Burned XRP is permanently removed from the overall supply, rather than distributed to validators or other parties.
Transaction TypeFee (in XRP)Fee RecipientStandard XRPL transaction10 drops minimumPermanently destroyedIncreased XRPL demandVariable, higher during congestionPermanently destroyedSMQKE argued that as more RLUSD transactions occur on the XRP Ledger, they could lead to additional XRP being burned as transaction fees. The researcher noted this effect would be most pronounced if RLUSD becomes widely used for cross-border payments or daily transactions.
However, a respondent identified as TipTopJester questioned the scale of this impact, pointing out that each RLUSD transaction only consumes a minor amount of XRP. The commenter acknowledged regulatory support from the GENIUS Act could foster RLUSD’s competitiveness but maintained that the magnitude of XRP burned relative to total circulating supply would be limited.
SMQKE’s analysis draws attention to regulatory clarity, stablecoin compliance, and the possible ripple effect on XRP transaction volumes, but the ultimate scale of these impacts remains uncertain.
The XRP and RLUSD distinctionIndustry observers continue to distinguish between XRP, the native asset of the XRP Ledger, and RLUSD, which is issued as a dollar-backed stablecoin for transactional use. Ripple documentation explains that while XRP enables decentralized value transfers and acts as the ledger’s core asset, RLUSD is designed for payments and settlements with one-to-one dollar parity.
SMQKE’s position highlights that any uptick in stablecoin adoption—particularly for RLUSD—resulting from regulatory reform could generate more XRP fee burns via transaction activity. While the researcher portrays potential technical and market synergies, they stop short of projecting any specific levels of increased XRP demand.
Current analyses reflect that additional regulatory clarity is generally viewed as supportive for both stablecoin adoption and related payment networks, but market participants await observable data to gauge the full scope of the GENIUS Act’s effects on the broader ecosystem.
Ripple uvedl, že nabídka stablecoinu RLUSD dosáhla zhruba 2,4 miliardy USD a je kryta rezervami ve výši 2,52 miliardy USD. XRP Ledger zároveň rozšiřuje DeFi a připravuje onchain lending.
The XRP Ledger, originally launched by Ripple to enable fast value transfers, is undergoing a significant transformation driven by three new developments: the issuance of the RLUSD stablecoin, the programmability of XRP through FXRP, and the forthcoming expansion of onchain lending capabilities.
Stablecoin Settlement Expands on XRP LedgerRipple has reported that RLUSD, the stablecoin issued on both Ethereum and the XRP Ledger (XRPL), has reached approximately $2.4 billion in circulation. As of September 3, the supply is reportedly backed by $2.52 billion in reserve assets, according to Ripple’s latest transparency disclosures.
Unlike XRP, which has experienced notable price volatility, RLUSD introduces a settlement token tied to the US dollar. This new option allows institutions to transfer value and settle transactions on-chain while minimizing exposure to market swings.
Ripple has deployed RLUSD on both Ethereum and XRPL, enabling liquidity to move across networks and building interoperability. Data from Coinpaper illustrates how RLUSD supply can be distributed dynamically between the two chains, showing that Ripple’s approach is multi-ecosystem rather than exclusive to XRPL.
Ripple maintains RLUSD reserves above circulating supply, supporting stable value transfer for payments, tokenized assets, and future credit markets on-chain.
Despite these developments, XRP continues as the native currency for transaction fees and reserve requirements on the XRP Ledger.
FXRP: Unlocking Programmable Use Cases for XRPFlare Network, a blockchain focused on data-driven smart contracts, has enabled new utility for XRP holders through FXRP. According to Flare’s latest updates, approximately 145.2 million FXRP tokens have been created, with 130 million currently deployed across decentralized finance (DeFi) platforms. An additional 21 million FXRP has been bridged to external chains using LayerZero infrastructure.
FXRP is not a native asset on the XRP Ledger; rather, it is issued on Flare and other connected networks. The underlying XRP collateral, however, stays on XRPL while Flare’s system manages its corresponding FXRP supply.
Recent analysis of FXRP usage shows nearly 90% of its supply is active in DeFi strategies such as lending, collateralization, and vault services.
FXRP enables XRP to participate in smart contracts and DeFi without leaving the XRP Ledger, enhancing programmability and ecosystem interaction.
This approach allows XRP to benefit from programmable features without compromising XRPL network integrity or control over the underlying asset.
Mini dictionary: Flare Network is an EVM-compatible blockchain designed to enable trustless interoperability and real-world data integration for smart contracts, expanding asset programmability beyond their native chains.
Native Lending Protocol Nears XRPL MainnetEnhancements to the XRP Ledger continue with the 3.4.0 release, which introduces the codebase for LendingProtocolV1_1. This protocol includes closed-ended vaults, single-asset funding, and cash-basis accounting, reflecting a more institutional approach to onchain credit.
The system is designed for fixed-term, uncollateralized lending, with borrower risk assessment provided externally, rather than by the protocol itself. While this new lending functionality awaits full activation, it marks a step toward bringing credit operations directly on-chain with XRP Ledger infrastructure.
Ripple, along with partners such as Clearpool and Cicada, is already working to develop institutional credit markets utilizing RLUSD stablecoin, setting a foundation for future capital market activities around the XRPL ecosystem.
LendingProtocolV1_1 still needs to complete the XRP Ledger’s governance process before it becomes operational on the main network. Observers note that these developments do not replace XRP’s original payment use case, but instead increase the diversity of financial activity anchored on the ledger.
XRP surged 7.7% on September 18, rallying from about $1.30 to $1.40 and briefly touching $1.41 after Bitwise Asset Management submitted a fresh filing connected to its XRP ETF with the Securities and Exchange Commission.
Despite widespread attention, the new paperwork did not mark the regulatory approval of a brand new exchange-traded fund. Bitwise, a well-known digital asset manager, provided a Post-Effective Amendment No. 2 for its already active Bitwise XRP ETF. The SEC’s public filing described the update as a preliminary prospectus dated September 18 and made clear the product’s documents are still “subject to completion.”
A crucial detail noted by market observers is that Bitwise’s filing pertained to an existing product, rather than an application for the first XRP ETF by the company. Some sources emphasized that headlines announcing Bitwise was “filing for an XRP ETF” failed to accurately capture the true scope of the event.
XRP’s gain on September 18 followed Bitwise’s update to a current XRP ETF, not a completely new application, according to details from the official SEC documents and historical fund records.
Details about the Bitwise XRP ETFAccording to the filing, the Bitwise XRP ETF trades on the NYSE Arca under the ticker XRP. The fund’s stated goal is to provide investors with exposure to XRP held by the trust. Accounting consents within the document reference financial statements dating back to November 19, 2025, confirming that the fund was already operating before the recent amendment.
Bitwise Asset Management is a San Francisco-based firm specializing in crypto index funds and exchange-traded products, aiming to deliver digital asset exposure to institutional and retail investors.
Mini dictionary: NYSE Arca, a US-based electronic securities exchange known for listing stocks, options, and a wide range of exchange-traded funds (ETFs).
XRP price movement and ETF inflowsMarket history shows XRP opened the day near $1.30, hit an intraday high around $1.41, and closed at about $1.40, recording a 7.69% gain. This rally came in the middle of a volatile period for the asset. Three days prior, XRP had slipped to $1.28 after trading above $1.42, before mounting a recovery that gained speed on September 18. By September 21, XRP reached approximately $1.53.
Meanwhile, US XRP ETF products had already gathered about $1.7 billion in historical net inflows as of September 17, despite XRP trading well below its all-time peak. Research group Coinpaper recently highlighted this divergence between robust ETF demand and XRP’s subdued price levels.
