Multicoin Capital has identified Hyperliquid’s HYPE token as the largest position in its hedge fund, reinforcing its dedication to cryptocurrency investments despite a challenging competitive landscape. The disclosure comes as several major venture capital firms shift their focus toward artificial intelligence and robotics.
HYPE emerges as dominant holding after consistent accumulationSpencer Applebaum, general partner and co-head of venture investments at Multicoin Capital, confirmed the firm’s significant HYPE holdings in an interview with Bloomberg on October 19. Multicoin Capital oversees approximately $2.7 billion in assets, and has steadily accumulated its HYPE stake on the public market, rather than through private token distributions.
The firm revealed in June that it began acquiring a sizable HYPE position earlier in 2026 and continued adding to its allocation in subsequent months. At that point, Hyperliquid had already become one of Multicoin’s largest investments in the liquid portion of its fund.
Multicoin’s core investment thesis envisions Hyperliquid evolving from a decentralized derivatives platform into a broader financial exchange. The company projected in previous research that Hyperliquid could generate $8 billion in annual earnings by 2028, applying a 20-times multiple for a theoretical valuation of $160 billion. With a revised supply estimate of 502 million HYPE tokens, Multicoin calculated a base-case price above $319 per token.
Multicoin’s forecasts rely on specific assumptions, and the research defines the $319 figure as a conditional scenario rather than a guaranteed price target.
Institutional interest in Hyperliquid continues to grow, underpinned by exchange revenue and ongoing token purchases funded from protocol fees. The exchange has also expanded operations, notably rolling out HIP-3 to support perpetual markets tied to equities, commodities, indices and additional asset classes.
Multicoin defends crypto-first focus amid AI sector expansionThe decision to double down on HYPE comes as rival crypto-focused investors explore artificial intelligence and robotics. Firms such as Paradigm, Framework Ventures and Haun Ventures have broadened their mandates to include technologies beyond digital assets.
Applebaum stated that Multicoin’s strategic edge lies within digital assets, and questioned the narrative linking crypto with AI. However, the firm maintains some interest in projects positioned at the intersection of blockchain and AI, such as Grass, a decentralized data infrastructure for AI applications.
This approach contrasts with a full pivot to AI businesses and instead favors blockchain infrastructure that could benefit from increased AI adoption. While some well-known investors have reduced exposure to HYPE, Multicoin is maintaining and expanding its position. For example, BitMEX co-founder Arthur Hayes previously exited his HYPE stake, citing macroeconomic risks and potential competition from large-scale AI projects entering crypto markets.
Despite some portfolio trimming by previous investors, institutional interest in HYPE remains strong, with growing attention from fund managers and exchange-traded products.
Managing concentrated risk and portfolio exposureMulticoin has not disclosed the precise portfolio weight of its HYPE allocation, making it difficult to determine exactly how concentrated the fund’s exposure is based on its $2.7 billion total assets under management.
Other investment managers have taken various approaches to HYPE exposure. Bitwise recently increased its own holdings, while Hyperliquid Strategies, a Nasdaq-listed entity, has built up a substantial corporate treasury supported by equity financing.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
TLDR: HPC filed a comment letter urging the SEC to adopt Regulation Crypto Assets with five refinements. The proposal allows up to $75 million in offerings per 12 months under a fundraising exemption. HPC wants the safe harbor usable without a tacit admission of a prior investment contract. The group asks that federal preemption survive after a project satisfies the safe harbor. Regulation Crypto Assets received formal backing from the Hyperliquid Policy Center (HPC), which filed a comment letter with the U.S. Securities and Exchange Commission (SEC).
The group urged the agency to adopt the proposal and recommended five refinements before finalization. The SEC released the proposal in August.
It offers token issuers a federal path through offering exemptions, a new safe harbor, and relief from state-by-state registration requirements. The letter also addresses airdrops, secondary trading, and buybacks.
What the SEC Proposed Under Regulation Crypto Assets The SEC spent much of 2026 working on token clarity. In March, it issued an interpretation covering several token distributions, including airdrops.
Before that, a 1946 Supreme Court case about Florida citrus groves governed the analysis. As a result, many projects launched abroad or excluded Americans.
In August, the SEC proposed the rule. A startup exemption would allow offerings of up to $5 million over four years.
A fundraising exemption would permit up to $75 million in any 12-month period. Tokens sold under these exemptions would also avoid state registration.
The proposal also adds a safe harbor. It would confirm when a token no longer ties to an investment contract. Certain resales would receive the same state-level relief. Meanwhile, HPC announced its filing on X, where it described the purpose of the proposal.
Today, HPC filed a comment letter supporting the @SECGov’s proposed Regulation Crypto Assets and recommending five refinements before the Commission adopts it.
For years, builders could not tell when the securities laws applied to their tokens, and many launched abroad or… https://t.co/DzcD6cTabE
— Hyperliquid Policy Center (@HyperliquidPC) October 19, 2026
In that post, the group wrote that builders “could not tell when the securities laws applied to their tokens.” It added that the proposal “gives them a federal path.” HPC also said many developers launched abroad or turned away Americans because of that uncertainty.
Five Refinements to HPC Requests for Regulation of Crypto Assets The first recommendation concerns airdrops. HPC asks the SEC to write the March analysis into the rule text. The comment anchors that analysis to the “tangible and definable consideration” the Supreme Court requires. It also says wallet connections and sanctions screening should not count as payment.
The second addresses secondary trading. The proposal does not say how onchain protocols may facilitate resales. HPC cites the SEC’s economic analysis, which says benefits “may be fairly small” without a liquid secondary market. Therefore, the group wants clarity at adoption.
The third targets the safe harbor. Projects must certify that their essential managerial efforts are complete. However, HPC says some filers would effectively admit a past investment contract. The group wants a certification that no such contract existed, plus access while development continues.
The remaining two cover buybacks and preemption. HPC wants staff buyback guidance added to the final rule, with a single “central party” definition. It also asks that federal preemption survive once a project meets the safe harbor.
Otherwise, tokens would face registration regimes in more than 50 jurisdictions. HPC said it will keep engaging with SEC staff as the rule is finalized.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time
Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.
2 minutes ago
Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%
According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.
2 minutes ago
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
2 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
2 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move.
BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
2 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections.
Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%.
Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time
Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.
2 minutes ago
Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%
According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.
2 minutes ago
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
2 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
2 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move.
BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
2 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections.
Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%.
Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
Silhouette opened its HyperCore perpetuals RFQ service on October 19, 2026, with $BTC and $HYPE markets and an initial cap of $100k per quote. The launch announcement says accepted trades print on Hyperliquid’s order book. Margin and positions stay in the trader’s own Hyperliquid account.
The service is public, with no waitlist or invitation requirement. In its longer announcement, Silhouette says working a large order in slices exposes the trader’s intent before execution is complete. Its RFQ asks competing makers to quote the full size before the trader chooses a price. The trade then uses Hyperliquid’s existing book and margin system.
A signed quote still goes through the book
The perpetuals documentation describes a request in which the taker selects a market, side, size and price limit. Makers respond for the requested size. To accept a quote, the taker must sign an order at that price and size; a quote cannot win automatically. If nobody quotes, or the taker accepts none before the window closes, there is no trade.
Silhouette first places the winning maker’s order on the book. It sends the taker’s order only if the maker’s order rests there. If the market has moved through the maker’s price and the order is rejected, the process stops before Silhouette sends the taker’s order. A stale quote can also fail. A maker that reprices requires a fresh acceptance, and cancellation ends once Silhouette starts placing the orders.
Silhouette sends the taker’s order once, as signed. It cannot fill above the accepted size or execute at a worse price before fees. The taker’s order never rests on the book. If better-priced liquidity sits ahead of the maker, the taker keeps the price improvement.
Full-size quotes do not guarantee full-size fills. Another trader can take the maker’s order before the taker’s order arrives. With no remaining liquidity at the agreed price or better, the request fails without a fill. If only part of the requested size is available, that part can execute and the request still displays as settled. Traders need to check the filled quantity to see how much exposure they added.
Fees sit outside the signed price
Silhouette’s fee schedule lists a 1.4 bps builder fee for HyperCore perpetuals. Hyperliquid charges it to the taker’s account on the fill. The maker’s order carries no Silhouette builder fee. Hyperliquid’s own taker fee applies separately at the trader’s fee tier, and funding continues to accrue on the position.
The published example uses a fill of 100,000 USDC notional: the builder charge is 14 USDC, before Hyperliquid’s own fee. If only 60,000 USDC fills, the builder charge is 8.40 USDC. Silhouette takes no additional spread on the perpetuals fill. The charge follows executed notional, including when execution covers less than the original request.
Neither the quote nor its price limit includes these fees. After fees, a buy can cost more per unit than the signed price, while a seller can receive less. Silhouette’s HyperEVM spot trades settle directly with makers; the perps trades pass through the Hyperliquid book. The perps service leaves funds in the Hyperliquid account and collects its charge through Hyperliquid’s builder mechanism.
Traders must approve the builder fee in their Hyperliquid account before using the service. If the rate rises above their existing allowance, they must approve it again. An approval below the required rate prevents Silhouette from sending the trade. Insufficient margin can separately cause Hyperliquid to reject the taker’s order.
Account permissions and closing exposure
The app requires a funded Hyperliquid account with $USDC margin, unified account mode and an approved signing key. The main wallet signs the setup actions: switching account mode, authorizing the key and approving the builder fee. After setup, the key signs orders when the trader accepts quotes, without a new main-wallet prompt. Those orders book to the main account. A key that stops working must be approved again from the main wallet.
The RFQ itself carries no leverage or margin-mode setting. Execution uses the settings already held for that market in the Hyperliquid account. The app shows leverage and margin mode on the request ticket, but those controls change the underlying account settings. The RFQ service has no separate margin account or independent position parameters.
Hyperliquid nets positions by market. To close a position, the app sends an ordinary order on the opposite side, and Silhouette does not cap that request at the size of the open position. A larger trade can close the existing position and open exposure in the opposite direction. The documentation tells traders to check their current size on Hyperliquid and keep the closing request at or below it.
API users can instead sign a reduce-only order. Hyperliquid checks that instruction against the position when execution occurs. The order can fill partially or not at all, but it can only shrink the position. The ordinary closing order submitted through the app lacks that protection.
Check Hyperliquid after a failed request
The RFQ result reports the filled quantity and average price before fees. Silhouette returns neither a Hyperliquid order ID nor a transaction hash. Hyperliquid holds the fill record and position, and traders can check the fill in their Hyperliquid trade history.
A position may exist even when Silhouette cannot confirm execution. The documentation says an unconfirmed request is final and will not be updated later. It instructs traders to check their Hyperliquid position after any failed perpetuals request before trading the same market again.
The launch announcement names HIP-3 markets and higher quote caps as planned additions. It gives no date for either expansion.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time
Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.
2 minutes ago
Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%
According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.
2 minutes ago
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
2 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
2 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move. BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
2 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections. Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%. Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time
Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.
2 minutes ago
Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%
According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.
2 minutes ago
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
2 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
2 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move.
BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
2 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections.
Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%.
Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time
Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.
2 minutes ago
Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%
According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.
2 minutes ago
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
2 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
2 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move. BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
2 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections. Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%. Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections.
Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%.
Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
Relevant content
Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time
Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.
2 minutes ago
Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%
According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.
2 minutes ago
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
2 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
2 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move.
BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
2 minutes ago
GitHub public repositories now require identity verification: a surge in bot traffic is disrupting regular CI workflows.
Beating AI News Flash: On October 19, GitHub announced it will temporarily add authentication to HTTPS download requests for some public repositories. Once the system detects abnormal traffic, code that previously could be cloned or fetched without logging in may suddenly require a token. CI builds and automatic installation scripts relying on anonymous downloads may also be disrupted. A similar issue emerged in September. On September 2, a developer reported in the GitHub Community that their CI server repeatedly received 401 errors when fetching the MariaDB public repository, and even submodule updates could not be completed. The developer of AMP, a game server management tool, also noted that a large number of users' installation processes were affected, forcing the team to consider urgent program modifications. At that time, GitHub explained that the platform was facing growing bot traffic, which could lead to misclassification of legitimate development requests. The latest announcement further clarifies the scope of the temporary authentication measure. GitHub advises developers to configure authentication for automated tasks and avoid relying on anonymous HTTPS fetching. Authenticated HTTPS and SSH operations are not subject to this restriction.
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
9 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
9 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move. BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
9 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections. Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%. Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
9 minutes ago
GitHub public repositories now require identity verification: a surge in bot traffic is disrupting regular CI workflows.
Beating AI News Flash: On October 19, GitHub announced it will temporarily add authentication to HTTPS download requests for some public repositories. Once the system detects abnormal traffic, code that previously could be cloned or fetched without logging in may suddenly require a token. CI builds and automatic installation scripts relying on anonymous downloads may also be disrupted. A similar issue emerged in September. On September 2, a developer reported in the GitHub Community that their CI server repeatedly received 401 errors when fetching the MariaDB public repository, and even submodule updates could not be completed. The developer of AMP, a game server management tool, also noted that a large number of users' installation processes were affected, forcing the team to consider urgent program modifications. At that time, GitHub explained that the platform was facing growing bot traffic, which could lead to misclassification of legitimate development requests. The latest announcement further clarifies the scope of the temporary authentication measure. GitHub advises developers to configure authentication for automated tasks and avoid relying on anonymous HTTPS fetching. Authenticated HTTPS and SSH operations are not subject to this restriction.
9 minutes ago
Lighter Core Launches Binary Options Products
Decentralized exchange Lighter tweeted that its Lighter Core has launched binary options products, with plans to roll out a full options trading service next.
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
8 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
8 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move. BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
8 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections. Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%. Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
8 minutes ago
GitHub public repositories now require identity verification: a surge in bot traffic is disrupting regular CI workflows.
Beating AI News Flash: On October 19, GitHub announced it will temporarily add authentication to HTTPS download requests for some public repositories. Once the system detects abnormal traffic, code that previously could be cloned or fetched without logging in may suddenly require a token. CI builds and automatic installation scripts relying on anonymous downloads may also be disrupted. A similar issue emerged in September. On September 2, a developer reported in the GitHub Community that their CI server repeatedly received 401 errors when fetching the MariaDB public repository, and even submodule updates could not be completed. The developer of AMP, a game server management tool, also noted that a large number of users' installation processes were affected, forcing the team to consider urgent program modifications. At that time, GitHub explained that the platform was facing growing bot traffic, which could lead to misclassification of legitimate development requests. The latest announcement further clarifies the scope of the temporary authentication measure. GitHub advises developers to configure authentication for automated tasks and avoid relying on anonymous HTTPS fetching. Authenticated HTTPS and SSH operations are not subject to this restriction.
8 minutes ago
Lighter Core Launches Binary Options Products
Decentralized exchange Lighter tweeted that its Lighter Core has launched binary options products, with plans to roll out a full options trading service next.
BlackRock has applied for another Bitcoin exchange-traded fund (ETF). The new product is designed to give investors some protection against losing money while still maintaining some of the possible gains. The filing is the latest indication of the asset manager’s increasingly active approach to investing in Bitcoin.
BlackRock Files for PBIT Bitcoin ETF BlackRock filed an application with the U.S. Securities and Exchange Commission (SEC) Monday to launch the iShares Bitcoin Managed Protection ETF. The fund will be listed on the exchanges under the symbol “PBIT”.
On X, Bloomberg Intelligence’s Senior Analyst James Seyffart posted a note on X explaining the filing. He termed the product a “buffer” Bitcoin ETF. Investors would get some protection against losses and forgo some reward for their investment.
The fund would be based on BlackRock’s iShares Bitcoin Trust ETF (IBIT), Seyffart said. These would define the fund’s investment outcomes, which would assist in the establishment of the fund’s defined investment outcomes.
He wrote, “Notably, this is the third Bitcoin ETF filing from them. Still only have Bitcoin and Ethereum products — no other cryptos.”
Notably, this is the third Bitcoin ETF filing from them. Still only have Bitcoin and Ethereum products — no other cryptos. Also, this product will hold $IBIT as the underlying asset and will write/buy options around it to generate the defined outcomes. It will be a 40 Act fund.
— James Seyffart (@JSeyff) October 19, 2026
The strategic structure of the fund is designed to be attractive to investors who are looking to get exposure to Bitcoin with defined risks. The level of protection and the upside limit, however, will be contingent on the ultimate conditions of the fund.
IBIT Remains BlackRock’s Flagship Bitcoin ETF BlackRock has introduced IBIT in January 2024. The fund has since more than doubled to $65.1 billion in assets under management, as tracked by The Block’s Bitcoin ETF tracker.
The asset manager continued to grow its products in June. It introduced its iShares Bitcoin Premium Income ETF, aiming to post monthly income via options and offer Bitcoin exposure.
PBIT would be another strategy to this list. While the primary exposure of the proposed fund will be Bitcoin, some option income could also be included with the goal of balancing potential gains with downside protection.
This structure does not offer investors complete protection from investment risk. The upside cap may also stifle returns if the price of Bitcoin rises sharply.
Asset Management Yet To Expand Beyond BTC & ETH Additionally, Seyffart emphasized that BlackRock has only a few crypto products. In the last few years, other issuers have launched ETFs that are correlated with XRP, Solana, and Dogecoin.
BlackRock, however, is still sticking to its Bitcoin and Ethereum products. The PBIT filing does not bring about exposure to another cryptocurrency, but it does expand its Bitcoin offerings.
Now, the market’s eyes are on the ETF’s protection threshold, upside cap and management fee as the process of registration continues.
According to market data, PEARL has broken through the $2 mark, currently trading at $2.01, with a 24-hour gain of over 5% and a monthly increase of 82.2%, and its market capitalization stands at $702 million. As previously reported, on October 20, Coinbase announced it would add Pearl (PEARL) to its listing roadmap. Pearl (PEARL) is an independent public chain launched in April 2026, positioning itself as an "AI version of Bitcoin". Miners use GPUs to conduct large model matrix operations, generating verifiable AI computations while mining blocks, with a total token supply of approximately 2.1 billion.
Corporate Bitcoin purchases could accelerate toward the end of 2026 and into 2027 if the cryptocurrency rallies, but investors are likely to be more selective about which treasury companies they finance, according to analysts.
Speaking to Cointelegraph, Bitwise head of research Ryan Rasmussen said there was a broad slowdown in Bitcoin treasury buying in Q3. Strategy’s Bitcoin holdings increased by a net 1,666 BTC in Q3, down from 83,901 BTC in Q2, according to company filings. Other public companies added a net 5,617 BTC, compared with 45,725 BTC in the previous quarter, according to figures supplied by Rasmussen.
Rasmussen said he expects a re-acceleration of corporate Bitcoin purchases to begin as early as this year. Bitfinex head of derivatives Jag Kooner said renewed buying could follow if treasury companies regain premiums to the value of their Bitcoin holdings, but cautioned that investors have become more selective since the 2025 treasury boom.
“Shareholders have seen premiums collapse and some companies sell into weakness. Investors are now pricing these businesses on funding costs, balance-sheet discipline and bitcoin per share,” said Kooner.
“A rally could therefore restart buying, particularly among companies with credible financing structures but a return to last year’s indiscriminate capital raising looks unlikely.”Established Bitcoin treasuries may get first access to capital Bitwise’s October market report also showed a decline in the number of Bitcoin treasuries in Q3, driven by smaller companies abandoning their Bitcoin treasury strategies. A dozen companies that entered during the 2025 treasury boom sold their entire holdings mostly to repay debt or return cash to shareholders after their stock premiums evaporated, said Rasmussen.
Kooner expects established players to attract capital first if buying resumes.
“Initially, capital would likely gravitate towards established players, which have the scale, the liquidity in their own securities and the track record investors now demand,” he said.
Rasmussen said most of the largest corporate buyers outside Strategy were operating businesses adding Bitcoin from cash flow rather than issuing stock to fund purchases. That represents “a smaller source of demand but a healthier one,” he said.
Meanwhile, Kooner cautioned that a broader resurgence of new treasury-companies could emerge only after a rally is well underway.
“A broad wave of new listings would most likely arrive late in a rally, once premiums have widened and that timing is itself a warning sign.”
Bitcoin ETFs could support recovery without treasury boom Even without another corporate Bitcoin buying boom, Rasmussen said there will be other drivers for a Bitcoin recovery, pointing to $6.4 billion in spot Bitcoin net inflow in Q3.
“Corporate purchases are one source of demand for bitcoin, but not the only source,” he said.
Kooner agreed ETF demand could sustain the recovery for a period, but cautioned that some activity reflects basis trades that can unwind quickly.
“Without corporate buying, the market loses a price-insensitive bid and becomes more dependent on allocators who rebalance with macro conditions,” he said.
Recent flows show that ETF demand can reverse. US spot Bitcoin ETFs recorded around $229 million in net outflows last week, their second consecutive week of net withdrawals, according to SoSoValue data.
Magazine: Made an ‘honest’ mistake with crypto taxes? New bill offers way out
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Corporate Bitcoin purchases could accelerate toward the end of 2026 and into 2027 if the cryptocurrency rallies, but investors are likely to be more selective about which treasury companies they finance, according to analysts.
Speaking to Cointelegraph, Bitwise head of research Ryan Rasmussen said there was a broad slowdown in Bitcoin treasury buying in Q3. Strategy’s Bitcoin holdings increased by a net 1,666 BTC in Q3, down from 83,901 BTC in Q2, according to company filings. Other public companies added a net 5,617 BTC, compared with 45,725 BTC in the previous quarter, according to figures supplied by Rasmussen.
Rasmussen said he expects a re-acceleration of corporate Bitcoin purchases to begin as early as this year. Bitfinex head of derivatives Jag Kooner said renewed buying could follow if treasury companies regain premiums to the value of their Bitcoin holdings, but cautioned that investors have become more selective since the 2025 treasury boom.
“Shareholders have seen premiums collapse and some companies sell into weakness. Investors are now pricing these businesses on funding costs, balance-sheet discipline and bitcoin per share,” said Kooner.
“A rally could therefore restart buying, particularly among companies with credible financing structures but a return to last year’s indiscriminate capital raising looks unlikely.”Established Bitcoin treasuries may get first access to capital Bitwise’s October market report also showed a decline in the number of Bitcoin treasuries in Q3, driven by smaller companies abandoning their Bitcoin treasury strategies. A dozen companies that entered during the 2025 treasury boom sold their entire holdings mostly to repay debt or return cash to shareholders after their stock premiums evaporated, said Rasmussen.
Kooner expects established players to attract capital first if buying resumes.
“Initially, capital would likely gravitate towards established players, which have the scale, the liquidity in their own securities and the track record investors now demand,” he said.
Rasmussen said most of the largest corporate buyers outside Strategy were operating businesses adding Bitcoin from cash flow rather than issuing stock to fund purchases. That represents “a smaller source of demand but a healthier one,” he said.
Meanwhile, Kooner cautioned that a broader resurgence of new treasury-companies could emerge only after a rally is well underway.
“A broad wave of new listings would most likely arrive late in a rally, once premiums have widened and that timing is itself a warning sign.”
Bitcoin ETFs could support recovery without treasury boom Even without another corporate Bitcoin buying boom, Rasmussen said there will be other drivers for a Bitcoin recovery, pointing to $6.4 billion in spot Bitcoin net inflow in Q3.
“Corporate purchases are one source of demand for bitcoin, but not the only source,” he said.
Kooner agreed ETF demand could sustain the recovery for a period, but cautioned that some activity reflects basis trades that can unwind quickly.
“Without corporate buying, the market loses a price-insensitive bid and becomes more dependent on allocators who rebalance with macro conditions,” he said.
Recent flows show that ETF demand can reverse. US spot Bitcoin ETFs recorded around $229 million in net outflows last week, their second consecutive week of net withdrawals, according to SoSoValue data.
Magazine: Made an ‘honest’ mistake with crypto taxes? New bill offers way out
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
This article was automatically generated using Dow Jones technology. Most major cryptocurrencies were down at 10 a.m. Hong Kong time, with Bitcoin seeing the biggest change, shedding 0.3% to $81,691.80. Cardano declined 0.1% to 22 cents, and Ethereum declined 0.1% to $2,396.42. Dogecoin dropped 0.1% to 8 cents, while Avalanche was flat at 0.0 % to $9.53.
XRP was flat at $1.30. Tronix increased 0.2% to 33 cents, and Solana rose 0.3% to $104.78. Sui increased 0.6% to 99 cents. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-19-26 2200ET Copyright (c) 2026 Dow Jones & Company, Inc.
Analysts expect corporate Bitcoin purchases to pick up toward the end of 2026 and into 2027, especially if the cryptocurrency rallies. However, they anticipate that investors will likely become more selective about which companies gain approval for treasury financing.
Bitwise, an asset management firm focused on crypto, reported a broad slowdown in Bitcoin treasury acquisitions during the third quarter. Head of research Ryan Rasmussen cited company filings that showed Strategy’s Bitcoin holdings grew by just 1,666 BTC in Q3—a significant decrease compared to the 83,901 BTC added in the previous quarter. Other public companies collectively purchased only 5,617 BTC in Q3, down from 45,725 BTC in Q2, according to figures Rasmussen provided.
Rasmussen said he expects corporate Bitcoin buying activity to re-accelerate possibly before the end of this year. Bitfinex head of derivatives Jag Kooner noted that renewed buying could return if treasury companies regain the ability to issue new shares at a premium to the value of their Bitcoin holdings.
During the 2025 treasury boom, companies could raise capital by issuing shares at a premium to their Bitcoin holdings, but as those premiums narrowed, share issuance became less attractive, reducing additional purchases.
According to Kooner, shareholders have witnessed the decline of premiums, and some firms have sold Bitcoin under market pressure. He stated that current investor sentiment now emphasizes funding costs, balance-sheet discipline, and Bitcoin per share.
Established treasuries favored as others exitBitwise’s October market report indicated a drop in the number of Bitcoin-holding companies in Q3, largely because smaller firms retreated from their treasury strategies. Rasmussen observed that at least a dozen companies that joined the 2025 treasury surge divested all holdings, primarily to repay debt obligations or return cash to shareholders after their share price premiums disappeared.
Kooner predicted that established firms are poised to attract capital first as the buying cycle resumes, citing their larger scale, superior liquidity, and stronger track records that now appeal to investors.
Rasmussen noted that, beyond Strategy, most of the leading corporate buyers accumulate Bitcoin using their operating cash flow, instead of relying on stock issuance—a slower but more sustainable model.
Kooner also warned that a broad comeback of new treasury-focused companies is unlikely until a strong rally has already developed. He said such a surge in new listings usually signals elevated risk, as it often occurs after premiums have widened late in a rally.
Mini dictionary: Bitwise, an asset manager headquartered in San Francisco, is recognized for offering cryptocurrency index funds and research aimed at institutional investors.
Bitcoin ETFs drive inflows amid uncertain corporate demandRasmussen explained that a recovery in Bitcoin does not depend solely on corporate treasury buying. He highlighted that $6.4 billion in net inflows to spot Bitcoin exchange-traded funds (ETFs) were recorded in Q3, demonstrating another major demand driver.
He added that while corporate purchases are important, demand from ETFs could continue to support the market even without a repeat of the 2025 treasury boom.
Kooner agreed that ETF demand could stabilize prices for a time, but cautioned that some activity stems from short-term basis trades that might unwind rapidly.
He pointed out that without corporate buying, the market relies more heavily on investors who adjust allocations based on shifts in the broader economy.
Recent data from SoSoValue showed that US spot Bitcoin ETFs experienced approximately $229 million in net outflows last week, marking the second week of consecutive withdrawals.
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
8 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
8 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move.
BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
8 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections.
Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%.
Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
8 minutes ago
GitHub public repositories now require identity verification: a surge in bot traffic is disrupting regular CI workflows.
Beating AI News Flash: On October 19, GitHub announced it will temporarily add authentication to HTTPS download requests for some public repositories. Once the system detects abnormal traffic, code that previously could be cloned or fetched without logging in may suddenly require a token. CI builds and automatic installation scripts relying on anonymous downloads may also be disrupted. A similar issue emerged in September. On September 2, a developer reported in the GitHub Community that their CI server repeatedly received 401 errors when fetching the MariaDB public repository, and even submodule updates could not be completed. The developer of AMP, a game server management tool, also noted that a large number of users' installation processes were affected, forcing the team to consider urgent program modifications. At that time, GitHub explained that the platform was facing growing bot traffic, which could lead to misclassification of legitimate development requests. The latest announcement further clarifies the scope of the temporary authentication measure. GitHub advises developers to configure authentication for automated tasks and avoid relying on anonymous HTTPS fetching. Authenticated HTTPS and SSH operations are not subject to this restriction.
8 minutes ago
Lighter Core Launches Binary Options Products
Decentralized exchange Lighter tweeted that its Lighter Core has launched binary options products, with plans to roll out a full options trading service next.
Table of Contents In 2025 the state government passed a Strategic Arizona Bitcoin Reserve, but I understand the state still hasn’t bought any coins. We can’t wait for the government to use bitcoin before we use it, or it will never happen.
The question is, can a normal person walk into a shop and pay with bitcoin? I have some friends in Scottsdale who have never used bitcoin in real life, so I asked them to test it. I recommended downloading a lightning wallet, sent them some satoshis, and sent them the BTC Map. They were surprised how easy it was to download a wallet and move satoshis across the internet; it felt very natural and how money should be, they said.
First Stop: Pita Cafe (23535 N Scottsdale Rd #102, Scottsdale, AZ 85255) Their first stop was Pita Cafe, a Mediterranean spot attached to Scottsdale Burger Bar. Both accept bitcoin. My friends came back raving about the food: everything is made fresh to order, and they say to get the spanakopita and the gyro pita. The place was packed at lunch, but service stayed fast with plenty of seating.
The cashier wasn’t sure at first whether they took bitcoin. Then he noticed the Square terminal was already set up for it, and the payment went through quickly. It was his first time seeing customers pay in bitcoin, and he was excited about it. My friends also told me he looked at the amount on the screen and said he was shocked that they’d just paid “22,000 bitcoin”. They walked out feeling like royalty.
Next Up Echo Coffee (2902 N 68th Street, Ste. 135 Scottsdale, Arizona 85251) Next they got hot cocoa at Echo Coffee. This cashier didn’t need to figure anything out. She knew they accepted bitcoin, switched the terminal over, and asked my friend to scan the QR code. She told them she thinks it’s super cool every time someone asks about it. Echo also donates 1% of purchases to the humane society, and the coffee bags have puppies on them.
Why this matters It’s a blast to send your loved ones out to a store along with some bitcoin to spend. Some friends already have bitcoin in investment portfolios, but the act of spending btc for tangible items shows what this movement is all about.
As always, a growing directory of over 219 verified Bitcoin-accepting merchants across Arizona is listed below. If you want your business added to the list, or if you have a new city and story to feature in an upcoming column, write directly to [email protected].
Appendix of 219 Arizona Bitcoin Merchants (Source BTC MAP) ☕ Coffee Shops & Cafés Beal Beans — 509 West Hatcher Road, Phoenix, AZ 85021 Beal Beans — 5757 N Central Ave, Phoenix, AZ 85012 Bobaholic Milk Tea Lounge — 6135 North 35th Avenue, Phoenix, AZ 85017 The Buzzed Goat — 2795 South Market Street, Gilbert, AZ 85295 The Buzzed Goat — 3415 South McClintock Drive, Tempe, AZ 85282 The Buzzed Goat — 4302 East Ray Road, Phoenix, AZ 85044 Cactus Coffee Works — 971 North Jason Lopez Circle, Florence, AZ 85132 Echo Coffee — 2902 North 68th Street, Scottsdale, AZ 85251 Good News Phoenix — 1306 East Van Buren Street, Phoenix, AZ 85006-3438 Piccola Casa Internacional — 2200 El Mercado Loop, Sierra Vista, AZ 85635-5215 Stemistry — 618 East Adams Street, Phoenix, AZ 85004-2351 Stemistry — 6601 East McDowell Road, Scottsdale, AZ 85257-3164 Sweet Sage Coffee Co. — 15 North Central Street, Colorado City, AZ 86021 Wildcraft Kitchen — 345 Jordan Road, Sedona, AZ 86336 Writer’s Block Coffee Shop — 17212 North Scottsdale Road, Scottsdale, AZ 85255-9615 🍽️ Restaurants & Quick Bites All Pierogi Kitchen Restaurant & Euro Market — 1245 West Baseline Road, Mesa, AZ 85202-5824 Best Life Nutrition — 4158 Goldwater Boulevard, Scottsdale, AZ 85251-3816 Black Mountain Bistro & Bar — 1595 Mohave Drive, Bullhead City, AZ 86442-3724 Born’s Best Sandwiches — 2231 McCulloch Boulevard North, Lake Havasu City, AZ 86403 Cilantros Mexican Cocina — 20928 North John Wayne Parkway, Maricopa, AZ 85139-2924 Don Guerra’s Barrio Bagel & Slice — 689 North Arizona Avenue, Gilbert, AZ 85233-3414 Dos Gordos Grill — 3552 West Baseline Road, Laveen, AZ 85339-3042 Foch — 21 East 6th Street, Tempe, AZ 85281 Gadzooks Enchiladas and Soup — 3150 East Ray Road, Gilbert, AZ 85296-1229 Gadzooks Enchiladas and Soup — 3313 North 7th Street, Phoenix, AZ 85014-5433 Galaxy MunchBox — 11701 West Glendale Avenue, Glendale, AZ 85307-2601 Galaxy MunchBox — 701 West Beloat Road, Buckeye, AZ 85326 George’s Famous Gyros & Pasta — 20206 North 27th Avenue, Phoenix, AZ 85027 George’s Famous Gyros & Pasta — 7620 East McKellips Road, Scottsdale, AZ 85258 Haritz Ona — 6061 East Cave Creek Road, Cave Creek, AZ 85331-8517 Knuckle Sandwiches — 1140 North Higley Road, Mesa, AZ 85205 Lazy E Grill — 7107 South Nucci Lane, Hereford, AZ 85615-9206 Local Juicery — 3150 West State Route 89A, Sedona, AZ 86336 Lollygag Waffles and Drinks — 13060 West Bell Road, Surprise, AZ 85378-1200 Mancuso’s Restaurant — 201 East Washington Street, Phoenix, AZ 85004-2428 One Hot Mess — 683 North Main Street, Eagar, AZ 85925 Pita Cafe — 23535 North Scottsdale Road, Scottsdale, AZ 85255 Riot Grill — 405 East American Avenue, Oracle, AZ 85623-6119 Scottsdale Burger Bar — 23535 North Scottsdale Road, Scottsdale, AZ 85255 Seattle Fish House — 4419 East Main Street, Mesa, AZ 85205-7900 Sonson’s Pasty — 1430 West Warner Road, Gilbert, AZ 85233-7039 Soup & Sausage Bistro — 13240 North 7th Street, Phoenix, AZ 85022-5309 Soup & Sausage Bistro — 4030 East Bell Road, Phoenix, AZ 85032-2299 Stoop Kid — 901 North 1st Street, Phoenix, AZ 85004-2140 🍦 Bakeries, Sweets & Desserts Chocolita — 2710 North Steves Boulevard, Flagstaff, AZ 86004 Chocolita Downtown — 123 South San Francisco Street, Flagstaff, AZ 86001 Cookie Brokers Bakery of Phoenix — 3931 East Indian School Road, Phoenix, AZ 85018 The Gelato Tavern — 343 East Monroe Avenue, Buckeye, AZ 85326-2705 Keto Keto Carnivore — 713 East Andy Devine Avenue, Kingman, AZ 86401 Layla’s Bakery — 3190 State Route 89A, Sedona, AZ 86336 Nite Creamery — 17865 West Bell Road, Surprise, AZ 85374-3108 Nite Creamery — 922 East Apache Boulevard, Tempe, AZ 85281-6170 Scooptacular — 4730 East Indian School Road, Phoenix, AZ 85018 Scooptacular — 5150 West Baseline Road, Laveen, AZ 85339 Sweet Amore Creations — 1850 McCulloch Boulevard North, Lake Havasu City, AZ 86403-5797 Twisted Cultures Yogurt Shop — 9240 West Northern Avenue, Peoria, AZ 85305 Udder Delights — 1385 East Warner Road, Gilbert, AZ 85296 🍺 Bars, Breweries & Lounges Alcove Wine, Beer & Provisions — 1002 East Pierce Street, Phoenix, AZ 85006-3784 Founding Fathers Collective — 218 North Granite Street, Prescott, AZ 86301 Lochiel Brewing — 7143 East Southern Avenue, Mesa, AZ 85209 O’Leary’s Pub — 1063 Highway 95, Bullhead City, AZ 86429-5202 Rancho Silverado — 4809 North 27th Avenue, Phoenix, AZ 85017-3540 Sahara Hookah Lounge — 6333 North 59th Avenue, Glendale, AZ 85301 Wilhelm Family Vineyards — 21 Mountain Ranch Drive, Elgin, AZ 85611-7321 🛒 Groceries & Specialty Food Hive Grab N Go — 425 South Mill Avenue, Tempe, AZ 85281-2803 Los Primos Meat Market — 2510 East Hunt Highway, San Tan Valley, AZ 85143 Red Ridge Farm — 1000 East Hall Street, Show Low, AZ 85937 TNT Nutrition — 1418 West 2nd Street, Winslow, AZ 86047 Water and Ice Arizona — 940 North Alma School Road, Chandler, AZ 85224 💈 Barbers & Hair Salons Barber Supply — 3825 North 75th Avenue, Phoenix, AZ 85033-3738 Brooklyn’z Barbershop — 1800 West Bethany Home Road, Phoenix, AZ 85015 CaveCutz — 4451 South White Mountain Road, Show Low, AZ 85901 Dallas Taylor Hair — 13802 Scottsdale Road, Scottsdale, AZ 85254-3459 Daniel Rausch at Ashten’s Salon — 1141 East Cooley Street, Show Low, AZ 85901 Erika Starr Hair — 4933 East Ray Road, Phoenix, AZ 85044 FadezCostaFeez — 4500 North Oracle Road, Tucson, AZ 85705 Famoso Cutz Barber Studio — 101 South La Cañada Drive, Green Valley, AZ 85614 Hair by Sheila — 2594 East Canyon Crest Street, Sierra Vista, AZ 85650 Headquarters Barbershop — 9393 90th Street, Scottsdale, AZ 85258-5041 HH Hair Harmoney — 381 Commercial Way, Chino Valley, AZ 86323 Indielocks — 4251 North Winfield Scott Plaza, Scottsdale, AZ 85251 Jessica Sisko Hair — 10636 North 71st Place, Scottsdale, AZ 85254 Kopper Blonde Company at Salon Lofts — 15323 North Scottsdale Road, Scottsdale, AZ 85254-2676 LuvieStyles — 2923 North 67th Place, Scottsdale, AZ 85251 The Manner Barbershop — 4251 Brown Avenue, Scottsdale, AZ 85251 Michaelangel The Barber — 4302 East Ray Road, Phoenix, AZ 85044 Michaelangel The Barber — 4933 East Ray Road, Phoenix, AZ 85044-6420 OutKast Barbershop — 10855 North 116th Street, Scottsdale, AZ 85259 Payán Styles — 310 North Dobson Road, Mesa, AZ 85201 Pikasso Barber Shop — 914 East Camelback Road, Phoenix, AZ 85014 Queen Creek Barber Shop and Salon — 20827 East Ocotillo Road, Queen Creek, AZ 85142 RookieFresh Barbershop — 10540 West Indian School Road, Phoenix, AZ 85037 Salon Suede — 7309 East Stetson Drive, Scottsdale, AZ 85251 Sophisticated Cuts Barbershop — 4120 South 6th Avenue, Tucson, AZ 85714 Styles by Sol at The Remedy Beauty Lounge — 81 South McQueen Road, Gilbert, AZ 85233 Sunny’s Barbershop — 8745 East Broadway Boulevard, Tucson, AZ 85710 Surgeon Cuts Barbershop — 1201 West Iron Springs Road, Prescott, AZ 86305-1443 Surgeon Cuts Barbershop — 2700 South Woodlands Village Boulevard, Flagstaff, AZ 86001-2935 TikiStylez Hair Care — 3163 South McClintock Drive, Tempe, AZ 85282 The Urban Shave — 824 West Route 66, Flagstaff, AZ 86001 Xavier’s Barber Shop — 1185 South 4th Avenue, Yuma, AZ 85364-8426 💅 Beauty, Spa & Body Art All Seasons Beauty Bar — 11838 South Foothills Boulevard, Yuma, AZ 85367 Aromatouch by Caitlin — 7850 North Silverbell Road, Tucson, AZ 85743 Big Time Beauty — 15224 North 59th Avenue, Glendale, AZ 85306 Blue Sage Day Spa — 60 Stutz Bearcat Drive, Sedona, AZ 86336 Dan Duke Body Piercing Artist — 217 South San Francisco Street, Flagstaff, AZ 86001 Dr33ds and Braids — 822 East Indian School Road, Phoenix, AZ 85014-4628 Eric’s Electrolysis — 930 North Switzer Canyon Drive, Flagstaff, AZ 86001 Ethereal Esthetics — 6522 East Carondelet Drive, Tucson, AZ 85710 Kiss Kreations Permanent Makeup — 123 East Baseline Road, Tempe, AZ 85283 Kiss Kreations Permanent Makeup — 3450 West Chandler Boulevard, Chandler, AZ 85226 Lucky Prick Tattoo — 2948 East Bell Road, Phoenix, AZ 85032 Massageworks — 1865 Paseo San Luis, Sierra Vista, AZ 85635 Premier Wellness — 2394 East Camelback Road, Phoenix, AZ 85016-3464 Pure Blue Massage — 16551 North Dysart Road, Surprise, AZ 85378 Serenity Lounge Massage — 177 North Church Avenue, Tucson, AZ 85701 Simply Divine Massage — 18775 North Reems Road, Surprise, AZ 85374-8647 Skin Results — 5115 Scottsdale Road, Scottsdale, AZ 85250 Your Brow Bar — 4515 North 16th Street, Phoenix, AZ 85016 🩺 Health & Wellness Antheas Healing Hands — 10505 North 69th Street, Scottsdale, AZ 85254 Ascend Spiritual Center — 671 State Route 179, Sedona, AZ 86336 AZ IV Medics — 14891 North Northsight Boulevard, Scottsdale, AZ 85260 Blissful Health Haven — 2235 South State Route 89, Chino Valley, AZ 86323 Desert Mountain Medical and Chiropractic — 21321 East Ocotillo Road, Queen Creek, AZ 85142-5994 Flagstaff Osteopathy — 2708 North Fourth Street, Flagstaff, AZ 86004 Harmonizing Healthcare — 2405 North Rose Street, Flagstaff, AZ 86004 Healing Journey Acupuncture – Julie K Laffen, L.Ac. — 855 East Brown Road, Mesa, AZ 85203 Parkside Dental Health — 5865 West Ray Road, Chandler, AZ 85226-1881 Pifer Psychology — 2230 East Speedway Boulevard, Tucson, AZ 85719 Psych Assist — 405 West Main Street, Payson, AZ 85541 Real Health Regenerative Medicine — 9364 East Raintree Drive, Scottsdale, AZ 85260 Western Glow — 2123 Sunset Point, Globe, AZ 85501 🥊 Fitness & Martial Arts Body Focus Fitness & Performance — 8400 South Kyrene Road, Tempe, AZ 85284 Immortal Kung Fu — North Wilmot Road, Tucson, AZ 85710 Scottsdale Boxing Club — 10427 North Scottsdale Road, Scottsdale, AZ 85253-1440 Those Guys Fitness – CrossFit Shokunin — 2850 East Main Street, Mesa, AZ 85213 Alter Up — 3111 West Chandler Boulevard, Chandler, AZ 85226 Art Paint Draw — 830 South Main Street, Cottonwood, AZ 86326 AZ Cleaning Supplies — 2435 South 11th Avenue, Phoenix, AZ 85007 B&R African Styles — 6719 West Thomas Road, Phoenix, AZ 85033 Blue Gecko Gardens — 15521 West Blue Gecko Place, Tucson, AZ 85736 Brio Jewelry — 414 South Mill Avenue, Tempe, AZ 85281 Deer Valley Collectibles — 42211 North 41st Drive, Phoenix, AZ 85086 Desert Rat Games — 118 East Florence Boulevard, Casa Grande, AZ 85122-4052 Dog-Eared Pages Used Books — 16428 North 32nd Street, Phoenix, AZ 85032 Finer Custom Engagement Rings and Diamonds — 4211 North Winfield Scott Plaza, Scottsdale, AZ 85251 Firearms Unknown — 801 West 32nd Street, Yuma, AZ 85364 Gifted Delights — 810 Gemstone Avenue, Bullhead City, AZ 86442-6477 Goliath Fuel — 7303 Hawes Road, Mesa, AZ 85212 Import Corner — 9000 East Government Way, Kingman, AZ 86401 The Kallie Edit — 455 North 3rd Street, Phoenix, AZ 85004-3924 Mel’s Bisbee Bodega — 2 Main Street, Bisbee, AZ 85603 Mr.E Comics — 1855 West Greenway Road, Phoenix, AZ 85023-3475 Mr.E Comics — 20800 North John Wayne Parkway, Maricopa, AZ 85139-2728 NEST Home Decor & Gifts — 1450 East White Mountain Boulevard, Pinetop, AZ 85935-7091 Next Block Vending — 450 West Cool Drive, Tucson, AZ 85737 Next Block Vending — 475 North Granada Ave, Tucson, AZ 85701 The Plant Mill — 51 West Vaughn Avenue, Gilbert, AZ 85234 The Plant Mill — 518 South Mill Avenue, Tempe, AZ 85281 The Puzzle Shop — 110 South Montezuma Street, Prescott, AZ 86303-4734 Simple Pure CBD — 18255 North 83rd Avenue, Glendale, AZ 85308-0515 T-Shirt Plug Az — 7537 West Thomas Road, Phoenix, AZ 85033-5445 Tropica Botanical Nursery — 10520 East Apache Trail, Apache Junction, AZ 85120-3330 Visions — 1 Ok Street, Bisbee, AZ 85603-1061 Wanted in Jerome — 110 Main Street, Jerome, AZ 86331 Zenith Vape & CBD — 1800 East Fort Lowell Road, Tucson, AZ 85719-2390 Zenith Vape & CBD — 1996 East Irvington Road, Tucson, AZ 85714-1807 Zenith Vape & CBD — 3280 South Camino del Sol, Green Valley, AZ 85622-4649 Zenith Vape & CBD — 3655 North Oracle Road, Tucson, AZ 85705-3270 Zenith Vape & CBD — 4572 East Broadway Boulevard, Tucson, AZ 85711-3510 🚗 Automotive Aeon Fives — 1329 North 29th Avenue, Phoenix, AZ 85009 All Valley Powder Coating Services — 23449 North 35th Drive, Glendale, AZ 85310 BBB Motorwërks – A Revline Motorsports Company — 4818 South 40th Place, Phoenix, AZ 85040 Dave’s Auto Refinishing — 3150 East Ajo Way, Tucson, AZ 85713 David & Sons Collisions — 2604 North 36th Street, Phoenix, AZ 85008 Desert Tint — 1660 South Research Loop, Tucson, AZ 85710-6737 Don Licho’s Tire Shop — 843 West Highway 92, Bisbee, AZ 85603-9769 Easy Auto Rents — 1642 North McCulloch Boulevard, Lake Havasu City, AZ 86403 FineDetailing — 7900 East Greenway Road, Scottsdale, AZ 85260-1713 King Garcia Auto Detail — 702 West Melinda Lane, Phoenix, AZ 85027 Magnum Truck Gear — 9800 North 91st Avenue, Peoria, AZ 85345 Viper Automotive — 1402 East Fair Street, Tucson, AZ 85714 World of Racing — 3227 East Bell Road, Phoenix, AZ 85032-2700 The Wrap Room — 2140 East 5th Street, Tempe, AZ 85281 💻 Tech & Electronics Baker Amps — 2636 West Baseline Road, Mesa, AZ 85202 Computer Nerds — 2404 Stockton Hill Road, Kingman, AZ 86401 Computer Nerds — 2840 AZ 95, Bullhead City, AZ 86442 Electronic Solutions — 3818 South 6th Avenue, Tucson, AZ 85714 LJJM Tech — 2310 North Wyatt Drive, Tucson, AZ 85712 Quik Fix Repair — 245 South Wilmot Road, Tucson, AZ 85711 Quik Fix Repair — 2843 North Campbell Avenue, Tucson, AZ 85719 Quik Fix Repair — 702 West Irvington Road, Tucson, AZ 85714 🔧 Home Services & Trades Air Conditioning Associates — 150 South Camino Seco, Tucson, AZ 85710 Andrews Lock & Key — 65 South Sycamore, Mesa, AZ 85202-1143 Brenovations HVAC — 3210 South Dodge Boulevard, Tucson, AZ 85713 Clean Geeks Cleaning Services — 13444 North 32nd Street, Phoenix, AZ 85032 Click and Done Home Services — 4150 West Northern Avenue, Phoenix, AZ 85051-5781 Gover Property Management Jay Lewis Architectural Design — Goodyear, AZ 85338 Pest Control Bros — 40110 West Wade Drive, Maricopa, AZ 85138-2742 True Tucson Woodworks — 3075 West Placita del Pasillo, Tucson, AZ 85746 💼 Professional & Business Services Beyond Attorneys — 7014 East Camelback Road, Scottsdale, AZ 85251-1247 Box & Tape | Aerocav — 2820 East University Drive, Mesa, AZ 85213-8546 The Map Lady — 31 North 6th Avenue, Tucson, AZ 85701-1503 Photography Is Unique — 2941 West Indian School Road, Phoenix, AZ 85017 Property Clicks Media — 3550 North Goldwater Boulevard, Scottsdale, AZ 85251-5538 Salvador Ongaro Law Offices — 320 East McDowell Road, Phoenix, AZ 85004 Saving Lives CPR — 8805 West Union Hills Drive, Peoria, AZ 85382 Strap Film Lab — 1301 Grand Avenue, Phoenix, AZ 85007 Strap Film Lab — 36 South Robson, Mesa, AZ 85201 Terrace Mail – Tu Dirección Segura — 82 North Terrace Avenue, Nogales, AZ 85621 Waypoint Creative — 1 West Elliot Road, Tempe, AZ 85284 🐾 Pets Oh My Dog! — 7137 East Stetson Drive, Scottsdale, AZ 85251 The Pet Clinic — 725 East Main Street, Somerton, AZ 85350 See Ash Go Dog Training — 25817 South Mandarin Drive, Queen Creek, AZ 85142-9463 Cochise Harm Reduction — 1556 South Naco Highway, Bisbee, AZ 85603 Heritage Amusements — 6555 East Southern Avenue, Mesa, AZ 85206-3718 Iglesia Vida — 3002 North Arizona Avenue, Chandler, AZ 85225-7158 Neighborhood Comedy Theatre — 214 West Main Street, Mesa, AZ 85201
Vagabond
Vagabond is moving from town to town in search of businesses that accept bitcoin and telling their story. He writes a weekly column called "Now Accepting Bitcoin" for Bitcoin Magazine profiling the shops, cafes, and merchants putting sound money to work at the register.
The prolonged market weakness put pressure on some Bitcoin [BTC] treasuries to maintain their holdings.
Some, including MARA Holdings, sold Bitcoin to fund operations. Others, such as Empery and Trump Media, sold to cut losses.
Yet recovering prices have increased the value of treasury holdings, giving firms more room to decide whether to hold or sell.
Is MARA preparing to sell 1,000 BTC? Speculation about a potential MARA Holdings sale returned after another round of exchange deposits.
According to Lookonchain, wallets linked to MARA deposited 1,000 BTC, worth $82.8 million, into Binance and Gate. The transfers recalled MARA’s earlier sales. In early 2026, the company sold 23,093 BTC for $1.63 billion to fund AI infrastructure and operations.
Source: Arkham The miner also sold 726 BTC in early August to cover operational costs.
Although the latest deposits could precede a sale, they did not confirm one. The transfers could also reflect custody arrangements.
Still, MARA held approximately 35,500 BTC worth $2.9 billion, with an average acquisition cost of $54,450. That left the company with substantial unrealized gains, even after its earlier disposals.
Is U.S. Bitcoin demand recovering too? Across September and October, the value of Bitcoin treasury holdings rose from approximately $80 billion to over $100 billion. That recovery coincided with Bitcoin holding above $80,000 in October.
However, higher dollar valuations do not necessarily mean firms accumulated more BTC. Rising prices can lift existing holdings’ value.
Source: CoinGlass The recovery could encourage some firms to realize gains, although treasury holdings’ value remained below its 2025 peaks. Meanwhile, U.S. demand offered a less convincing signal.
Source: CryptoQuant The Coinbase Premium Index remained deeply negative for two consecutive months. This indicated that Bitcoin traded at a discount on Coinbase relative to Binance, consistent with weaker relative U.S. buying pressure.
The reading does not isolate institutional activity. Even so, a sustained recovery in the Index could strengthen the demand case.
Can Bitcoin reclaim $84,000? Over the past day, Bitcoin rebounded from $80,684 to $83,158 before retracing.
At press time, BTC traded around $82,204, up 0.21% over 24 hours. The rebound suggested improving momentum, although buyers had yet to hold the session’s higher levels.
Source: TradingView Meanwhile, the Relative Strength Index (RSI) climbed from 46 to approximately 49, approaching its neutral midpoint.
A sustained move above 50 could support a bullish momentum shift, although it would not confirm a trend reversal alone. Holding $82,000 as support could give buyers another opportunity to challenge $84,000.
However, renewed selling pressure or weaker sentiment around MARA’s transfers could leave Bitcoin vulnerable to another test of $80,000.
Final Summary MARA Holdings deposited 1,000 BTC, worth $82.8 million, on Binance and Gate, raising concerns about a sell-off. Bitcoin [BTC] bounced back from an $80k slip to $83k, then retraced as market conditions signaled improvement.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BlackRock’s iShares Bitcoin Trust took in $665.2 million in net inflows on Monday, October 19, 2026. On a day when several rivals lost money, that one fund did most of the lifting for the entire category.
Spot ether ETFs had a rougher start to the week. They posted $103.3 million in net outflows, extending a streak of redemptions that had already been building.
One fund, one direction
The fund, which trades under the ticker IBIT, was the clear standout of the session. Its $665.2 million haul came while two of its best-known competitors moved the other way.
Fidelity’s FBTC recorded $83.6 million in outflows. Grayscale’s GBTC shed $54.9 million.
Put those together and US spot Bitcoin ETFs finished the day with a combined net inflow of $526.7 million.
Meanwhile, Bitcoin itself traded between $78,700 and $82,800 during this period.
Ether funds keep leaking
The picture for ether products was the mirror image. Spot ether ETFs lost $103.3 million in net flows on Monday.
That followed a week of steady withdrawals. For the week ending October 16, outflows from spot ether ETFs reached approximately $320 million.
For context on how these products work, a spot ETF holds the underlying asset directly. Buying a share of IBIT gives an investor exposure to Bitcoin’s price through an ordinary brokerage account, with no wallet or private keys to manage.
What the split could signal
The research behind these figures frames the IBIT inflow as a possible sign of strong institutional interest in Bitcoin. It also suggests that, given Bitcoin’s relatively steady trading range, the inflow may point to a strategic accumulation phase by larger investors.
The ether side tells a more cautious story. The same research suggests the contrasting performance of Bitcoin and ether ETFs points to a more guarded outlook on ether, with sentiment and market dynamics that might favor Bitcoin in the short term.
By mid-October 2026, cumulative net inflows into US spot Bitcoin ETFs had surpassed $56 billion, with BlackRock’s IBIT consistently capturing the largest market share. Spot Ether ETFs entered October 2026 with net outflows exceeding $950 million for the month to date.
For now, Monday’s data offers a clear snapshot: a $526.7 million net gain for spot Bitcoin ETFs, nearly all of it explained by a single BlackRock fund, alongside a $103.3 million drain from ether products.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
JPMorgan Asset Management released its "2027 Long-Term Capital Market Assumptions" report on October 19, including Bitcoin in its long-term return forecast for the first time. The report projects Bitcoin’s compound annual return over the next 10 to 15 years will reach 10%, outperforming 7.5% for U.S. large-cap stocks, 5.5% for gold, and 8.2% for U.S. real estate investment trusts (REITs). It also estimates Bitcoin’s arithmetic average annual return at 20.9% and annualized volatility at 55%. Matt Hougan, chief investment officer of Bitwise, noted that JPMorgan has ranked Bitcoin as the top-performing asset expected over the next decade, a move that signals a shift in traditional financial institutions’ attitude toward crypto assets.
Bitcoin is heading towards a second consecutive red October as selling pressure undermines the seasonal “Uptober” narrative. As of 19th October, Bitcoin [BTC] was down 1.35% for the month, while historically October has returned an average of 18.40%.
That decline comes after a September of +6.33%. So, it would seem that the momentum gained during the last recovery period has been fading. While broader market uncertainty and profit-taking may have contributed to the decline in prices, the monthly returns alone cannot confirm the exact triggers.
Bitcoin’s 20.48% June decline highlighted how quickly selling can overwhelm recovery attempts, while August’s 24.95% rebound underlined the market’s volatility.
Source: CoinGlass Two consecutive negative Octobers could weigh on investor confidence, given that Bitcoin is already down over the month. This is in regard to seasonal rallies and makes it more likely that they will require better confirmation before purchasing.
Additionally, a lack of confidence due to lower risk appetite among investors in general could impact altcoins negatively. For Bitcoin to record a sustained recovery, renewed spot demand and improved conviction among buyers need to be realized.
Bitcoin whales accumulate as retail selling rises At the same time, while Bitcoin noted difficulty sustaining October’s rally, on-chain data demonstrated a widening gap between retail investors and whales. In fact, on-chain data indicated that retail investors have been selling their coins more aggressively than large investors have been acquiring them.
Retail-linked deposits to Binance increased much faster than whale inflows over the recent 30-day period. Retail-linked deposits rose from $7 billion to $10.78 billion, representing a 54% hike over the recent 30 days.
Whale inflows were up just 9.5% over that same period and hit $4.6 billion. Therefore, the gap increased from $2.8 billion to $6.18 billion. In short, retail investors have been offloading coins at a far faster rate than the pace at which whales may be buying them.
Source: CryptoQuant On the other hand, the behavior demonstrated by whales might offer a contrasting view. Between 27th September and 19th October, the distribution trend demonstrated by those whales holding 1,000 – 10,000 BTC reversed.
The amount distributed fell from 62,600 BTC to 5,230 BTC and therefore turned the trend into accumulation. Furthermore, the 100-1,000 BTC cohort has been in accumulation since mid-July despite a decline in their balance of 75,000 BTC.
Source: CryptoQuant Taken together, these two trends demonstrate that whales have been exhibiting far greater resiliency than retail investors.
However, if whales continue to accumulate and remain resilient, they could potentially act as a buffer against future selling pressure in relation to Bitcoin. Nevertheless, further retail deposits could limit near-term price appreciation.
Final Summary Bitcoin risks a second consecutive red October as its monthly returns fell to 1.35%, weakening the Uptober outlook.
BTC whales flashed signs of renewed accumulation as retail inflows to Binance rose 54%, creating mixed signals for price recovery.
J.P. Morgan Asset Management now expects Bitcoin to beat US stocks, gold, and REITs over the next ten years. That forecast comes from the bank’s “Long-Term Capital Market Assumptions 2027” report.
The numbers behind the forecast
The report was unveiled around October 19, 2026. It puts Bitcoin’s expected compound return at 10% a year, ahead of US large-cap equities at 7.5% and gold at 5.5%.
According to the research findings, Bitcoin is now the highest-returning asset class in the history of the report’s long-term projections. It also marks the first time Bitcoin has appeared in J.P. Morgan’s annual LTCMA at all.
The report pegs Bitcoin’s annualized volatility at 55%, compared with roughly 18% for large-cap stocks and 17.2% for gold.
J.P. Morgan estimates Bitcoin’s annualized arithmetic return at 20.9%, roughly double the 10% compound figure. Arithmetic return is the simple average of each year’s gain or loss. Compound return is what an investor actually ends up with after holding through the ups and downs. Big drawdowns eat into compounding: lose half your money and you need to double it just to get back to even.
A forecast, not a recommendation
Bitcoin is included in the return projections, but it is left out of the report’s sample portfolio allocations. J.P. Morgan is willing to say what it thinks Bitcoin might earn, but is not yet willing to tell clients how much of it to own.
Bitcoin is also the only digital asset in the document. No other tokens appear anywhere in the LTCMA assumptions.
Bitwise CIO Matt Hougan described the moment as a shift in how institutions view Bitcoin, noting the asset has moved from something big firms opposed to something they now build into formal forecasts.
How J.P. Morgan got here
The bank’s research teams have previously set shorter-term price targets around $170,000 and reiterated a long-term parity level of $266,000. That figure reflects a scenario in which Bitcoin matches gold on a volatility-adjusted basis.
Bitcoin currently trades near $82,000. The shorter-term target implies roughly a doubling from current levels, and the parity scenario implies considerably more.
What this means for investors and institutions
The gap between 20.9% arithmetic and 10% compound returns shows how much of Bitcoin’s theoretical upside gets consumed by its own turbulence. Bitcoin’s 55% volatility makes that gap unusually large compared to equities and gold.
The exclusion from sample portfolios marks the gap between acknowledging an asset and actually recommending it. If a future edition of the LTCMA moves Bitcoin from the forecast table into model allocations, that would mark a more consequential shift.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
In brief
XRP Ledger developers are patching its new lending protocol before it goes live, adding a follow-up amendment to fix the original LendingProtocol code while it’s still in the network’s voting queue.
The protocol enables on-chain, fixed-term, uncollateralized loans using pooled funds and “first-loss capital” to absorb defaults, relying on off-chain underwriting rather than automated collateral; amendments need 80% validator support over two weeks to activate.
The pre-launch fix follows a recent near-miss when developers patched a dormant payment-engine bug that could have minted counterfeit XRP.
The XRP Ledger is patching its new lending feature before a single loan has been written on it, adding a second code amendment to repair the system while it waits in the network’s approval queue.
The ledger’s lending protocol, a DeFi building block that enables on-chain, fixed-term, uncollateralized loans drawn from pooled funds, was introduced through an amendment called LendingProtocol that is still open for validator voting.
Myriad: Where does Solana go next? Click to make your prediction.Rather than wait for that version to go live and then fix it, developers have published a follow-up, LendingProtocolV1_1, that corrects issues in the original before it ever takes effect. The documentation now lists both amendments as requirements for the feature, meaning the network would adopt the repaired version from the start.
The approach reflects how changes reach the XRP Ledger. New features and fixes ship as amendments that must earn support from at least 80% of trusted validators over a two-week period before activating.
Because the original lending code hasn’t cleared that bar yet, patching it with a second amendment avoids launching a known-flawed system onto the live network, then scrambling to repair it afterward.
The protocol itself is built for institutional-style credit rather than the collateral-and-liquidation model common in DeFi. It relies on off-chain underwriting to vet borrowers and uses “first-loss capital,” a buffer a loan broker puts up to absorb the initial hit from defaults, in place of automated on-chain collateral. Issuers retain compliance tools, including the ability to freeze accounts or claw back funds.
The caution follows a close call elsewhere in the ledger’s code. Developers recently disclosed and fixed a critical bug in the XRP Ledger’s payment engine that could have let an attacker mint counterfeit XRP, a flaw that sat dormant for roughly a decade before a researcher flagged it. Fixing the lending code pre-launch fits a more cautious posture around new functionality.
The lending feature is part of a broader buildout of credit and DeFi capabilities on the XRP Ledger, which has been adding the financial-market plumbing Ripple and others have long said it lacked.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Join 72,000+ readers
Create an account to save your articles.
Add on Google
Add Decrypt as your preferred source to see more of our stories on Google.
In brief XRP Ledger developers are patching its new lending protocol before it goes live, adding a follow-up amendment to fix the original LendingProtocol code while it’s still in the network’s voting queue. The protocol enables on-chain, fixed-term, uncollateralized loans using pooled funds and “first-loss capital” to absorb defaults, relying on off-chain underwriting rather than automated collateral; amendments need 80% validator support over two weeks to activate. The pre-launch fix follows a recent near-miss when developers patched a dormant payment-engine bug that could have minted counterfeit XRP. The XRP Ledger is patching its new lending feature before a single loan has been written on it, adding a second code amendment to repair the system while it waits in the network’s approval queue.
The ledger’s lending protocol, a DeFi building block that enables on-chain, fixed-term, uncollateralized loans drawn from pooled funds, was introduced through an amendment called LendingProtocol that is still open for validator voting.
Myriad: Where does Solana go next? Click to make your prediction.Rather than wait for that version to go live and then fix it, developers have published a follow-up, LendingProtocolV1_1, that corrects issues in the original before it ever takes effect. The documentation now lists both amendments as requirements for the feature, meaning the network would adopt the repaired version from the start.
The approach reflects how changes reach the XRP Ledger. New features and fixes ship as amendments that must earn support from at least 80% of trusted validators over a two-week period before activating.
Because the original lending code hasn’t cleared that bar yet, patching it with a second amendment avoids launching a known-flawed system onto the live network, then scrambling to repair it afterward.
The protocol itself is built for institutional-style credit rather than the collateral-and-liquidation model common in DeFi. It relies on off-chain underwriting to vet borrowers and uses “first-loss capital,” a buffer a loan broker puts up to absorb the initial hit from defaults, in place of automated on-chain collateral. Issuers retain compliance tools, including the ability to freeze accounts or claw back funds.
The caution follows a close call elsewhere in the ledger’s code. Developers recently disclosed and fixed a critical bug in the XRP Ledger’s payment engine that could have let an attacker mint counterfeit XRP, a flaw that sat dormant for roughly a decade before a researcher flagged it. Fixing the lending code pre-launch fits a more cautious posture around new functionality.
The lending feature is part of a broader buildout of credit and DeFi capabilities on the XRP Ledger, which has been adding the financial-market plumbing Ripple and others have long said it lacked.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Join 72,000+ readers
Create an account to save your articles.
Add on Google
Add Decrypt as your preferred source to see more of our stories on Google.
The XRP Ledger’s native lending feature hasn’t launched yet. It is already getting a patch.
Developers have published a second amendment to fix the ledger’s new uncollateralized lending system. The original version is still waiting for validators to approve it.
What the new amendment changes The fix is called LendingProtocolV1_1. It arrived with xrpld version 3.4.0, which went out between September 16-17, 2026.
The release also bundled a separate package called fixCleanup3_4_0.
LendingProtocolV1_1 makes two structural changes to how lending on the ledger works. The first introduces closed-ended vaults for fixed-term loans.
Under the update, these vaults move through three distinct phases: subscription, investment and redemption. Lenders commit capital during the subscription window. That money is then deployed into loans during the investment phase, and returned during redemption.
The second change is about accounting. Vaults will now operate on a cash basis. Under the revised rules, interest only counts once a borrower actually pays it. It is no longer booked the moment a loan is originated.
A crowded queue at the validator gate The update refines two core amendments still pending approval: LendingProtocol and SingleAssetVault. Together with the new V1_1 fix, that makes three lending-related amendments sitting in the queue.
As of October 18-19, those three lending amendments had collected 19-21 validator votes each. That is out of roughly 36 trusted validators. Activation requires about 29 votes, which corresponds to an 80% threshold.
The 80% bar is not a one-time hurdle. Support has to be sustained above that level, and if it slips below, the voting period resets.
The contrast with fixCleanup3_4_0 is striking. That package has reached validator support near the required 80%, and it is projected to activate on October 23, 2026.
How the lending system is designed The LendingProtocol framework enables uncollateralized, fixed-term loans funded from pooled single-asset vaults. Loan terms are enforced on-chain, but underwriting happens off-chain.
The SingleAssetVault amendment provides the pooled vault infrastructure underneath. LendingProtocol builds the loan mechanics on top, and V1_1 now adjusts how both behave in practice.
What this means for XRP and on-chain lending With the lending amendments sitting at 19-21 votes against a requirement of about 29, there is no clear activation date.
Because V1_1 refines the core amendments, validators effectively need to be comfortable with the whole stack, not just one piece of it.
The fixCleanup3_4_0 activation projected for October 23 shows that the validator set can reach the 80% threshold when it agrees on a change, which puts the lending package’s slower progress in sharper relief.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Crypto analyst Mason Versluis recently addressed critics who doubt the possibility of XRP reaching the $5 mark. He argued that since XRP has already exceeded $3.50, skepticism about hitting $5 lacks a logical basis.
XRP’s price history and recent milestonesXRP previously surpassed $3 during key moments in its trading history. The asset first broke this level in 2018, when it reached an all-time high amid a bull market. In January 2025, XRP climbed above $3 again following a rally of more than 500% at the end of 2024, solidifying its status as the market’s third-largest cryptocurrency for a time.
By July 2025, XRP set a new record high at $3.65. These price movements followed prolonged periods of sideways trading, with XRP repeatedly demonstrating the ability to rebound and build strength above significant resistance levels.
The prospect of XRP reaching $5 represents an increase of roughly 37% over its current record price. Several industry analysts maintain that such a move would be well within the range of what the asset has accomplished before. For a cryptocurrency known to have posted gains of several thousand percent in a single cycle, this next milestone is viewed by some as a natural extension of its historical performance.
Since XRP has already surpassed $3.50, dismissing a $5 target out of hand appears inconsistent, especially considering the asset’s previous cycles of rapid appreciation.
The discussion sparked a variety of reactions within the XRP community. Zach Rector, a well-known commentator, expressed support for Versluis’s position. Others concurred that $5 is achievable, while cautioning that predicting exact timing remains uncertain due to unpredictable market factors.
Some community members remain skeptical. One argued that a decade of historical data points to XRP’s persistent underperformance compared to leading assets like Bitcoin and Ethereum. This viewpoint highlighted that XRP has struggled to reclaim its 2018 peak, suggesting that a move beyond $5 might not occur before 2030.
Another critic dismissed bold price targets altogether, accusing some advocates of making unsupported predictions. Additional voices noted that as each year passes, inflation and changing market dynamics may lower the likelihood of new highs being reached in the near future.
Questions were also raised about the length of time XRP took to reach prior milestones, with one user observing it might take substantially longer to rise from $3.50 to $5. Meanwhile, other market participants pointed out that XRP has never managed to sustain a position above $3 for an extended period, making it an outlier compared to other cryptocurrencies that have established new trading ranges over time.
Changing landscape for crypto investorsMonitoring shifting price levels and market sentiment has become increasingly important, as sudden changes such as a Federal Reserve announcement or a rapid listing of smaller coins can impact prices within seconds. Rather than juggling separate applications for charting, news, and portfolio management, many traders now use all-in-one privacy-focused tools like CryptoAppsy. This service allows users to access real-time charts, customizable alerts, coin-specific news, and macroeconomic data from a single interface, with no account registration required.
Several community members believe the $5 mark is achievable, though the precise timeline remains uncertain, as XRP’s journey to previous highs took several years and required significant market catalysts.
XRP faced renewed selling pressure despite Ripple Prime’s reported entry into the Depository Trust & Clearing Corporation’s (DTCC) tokenization initiative, with the token declining 0.24% to $1.3040 over the past 24 hours. The recent announcement has not spurred a price rally, leaving traders focused on critical technical levels and market reaction.
Ripple Prime’s DTCC Participation Under ScrutinyA post from analyst Amonyx called attention to Ripple Prime, a division of Ripple Labs specializing in institutional solutions, joining the DTCC’s new asset tokenization initiative. The DTCC, the leading US post-trade financial services company, reportedly manages $114 trillion in assets under custody.
However, the details released so far do not indicate that XRP itself will be used directly in the tokenization process. Market observers noted that while Ripple’s involvement in the project highlights its institutional growth, speculation over XRP’s role remains unresolved.
Ripple’s participation in the DTCC’s tokenization initiative has drawn attention to institutional adoption, but the announcement does not confirm direct integration of XRP in the project, leaving investors watching for further clarity.
Amonyx emphasized the scale of the DTCC initiative, underlining the significance for $XRP, but acknowledged that excitement remains contingent on whether the program creates tangible utility for the token.
Mini dictionary: DTCC – The Depository Trust & Clearing Corporation is the central infrastructure provider for clearing, settlement, and information services for US financial markets. It is widely regarded as a backbone of the traditional securities industry, handling trillions of dollars in daily transactions.
Technical Levels: Key Support and ResistanceFollowing a September rally, XRP has lost momentum, falling below the 50-day moving average at $1.4144 and trading near its 200-day moving average at $1.2800. Technical analysts pointed out that the 200-day line is now a crucial support level. A sustained hold above it could stabilize the price; however, a further decline would likely increase downside risk.
Resistance sits at $1.4144 and a stronger barrier at $1.4895. Any move above the 50-day average may shift momentum toward the bullish side, while remaining below this level leaves the token exposed to further consolidation.
Price LevelSignificance$1.2800200-day moving average, key support$1.414450-day moving average, immediate resistance$1.4895Major resistanceDerivatives Data and Market ActivityCoinGlass derivatives data showed a decline in open interest from late September highs, moving alongside XRP’s falling price. This trend suggests a reduction in outstanding futures positions, but does not definitively signal whether the futures market is leaning bullish or bearish.
Trading volumes have also eased from previous peaks, with occasional spikes persisting. This indicates that October’s price drop has occurred without a sharp increase in trading activity compared to earlier periods.
XRP’s lower open interest and subdued volume reflect reduced speculative interest following September’s activity, leaving traders awaiting fresh catalysts.
ETF Flows: Outflows Temper SentimentAccording to data provider SoSoValue, XRP spot ETFs recorded a net outflow of $2.47 million on October 16, 2026. By that date, total net assets of these funds reached $1.47 billion, with cumulative inflows standing at $1.80 billion.
The negative daily flow signals near-term selling pressure, even as the longer-term picture remains positive due to the sum of inflows. Analysts noted these figures pertain to transactions through October 16, and do not guarantee the trend continues in subsequent days.
DateDaily Net FlowTotal Net AssetsCumulative Net InflowOctober 16, 2026-$2.47 million$1.47 billion$1.80 billionShort-Term Outlook and Next StepsXRP’s immediate prospects depend on whether buyers can defend the $1.2800 support and recover the $1.4144 resistance. The moving average convergence divergence (MACD) indicator remains negative, with the MACD line at -0.0367 below the signal line at -0.0210 and the histogram at -0.0157, sustaining a bearish momentum profile.
A recovery above the 50-day moving average could trigger renewed upward momentum toward $1.4895, while a break below the 200-day moving average would reinforce the risk of further declines.
Ripple Prime’s institutional partnership narrative has influenced market sentiment, but traders are seeking clearer evidence of direct XRP utility or investment inflows before adopting a more bullish stance. Volatility remains high, with key levels and derivative data playing a central role in the near-term XRP market outlook.
XRP is once again in the spotlight as analyst ChartNerd has reiterated his bearish outlook, warning that the digital asset faces renewed risk of sliding back to $1 by the end of 2026. After accurately predicting XRP’s drop below $1 earlier in the year, ChartNerd now points to fresh signals that could indicate another significant retracement is on the horizon.
Warning signs for XRP intensifyXRP is currently priced at $1.27, recording a 1.9% decrease over the past 24 hours. According to ChartNerd, the asset is showing what he describes as “early warning signs that the pathway toward a deeper retrace to $1 is opening.” He indicated that these signals have been on his radar for over two months as market structure has weakened.
The asset is currently sitting at a key local support between $1.25 and $1.30. ChartNerd stated that to shift the wider outlook to bullish, XRP would need a weekly close above $1.34. Barring this, the risk of further declines remains.
ChartNerd highlighted, “We’re seeing early warning signs that the pathway toward a deeper retrace to $1 is opening. This development has been monitored for more than two months. Price remains near local support, but only a weekly close above $1.34 can negate the risk of a deeper retreat.”
Key resistance and downside targetsLooking at technical levels, ChartNerd identifies $1.45 as a crucial resistance to overcome should local support hold. He warns that even a short-term recovery below this threshold and under the 50-week EMA is likely to be temporary, potentially leading to a retest near $1.
ChartNerd’s base scenario assigns the cycle low at approximately $0.98. He also acknowledges that targets of $0.90 and $0.70 are not out of the question, though these are considered less probable. Other analysts have set even lower targets for XRP, suggesting bottoms as deep as $0.65, highlighting a diversity of views within the community.
The analyst maintains that a reclaim of the 50-week EMA is necessary before any substantive recovery in XRP’s price can be validated.
Community perspectives and contrasting viewsThe response from the wider XRP community has been mixed. Some traders argue that the $1.34 level is unlikely to hold, projecting a weekly close around $1.24. Others point to the recent test of $1.25 and question whether support in this range will remain intact.
A few community members have gone further, calling for deeper declines toward $0.88 or even $0.589. Meanwhile, others urge caution in following bearish predictions too closely, emphasizing possible positive catalysts such as the upcoming Swell conference.
One observer contends that market sentiment is divided: while some expect continued weakness, catalysts like major industry events could quickly shift momentum to the upside.
Broader context: meme tokens and timingAmid technical scrutiny, the timing and selectivity of investments play a crucial role not only in major assets like XRP but also in the rapidly changing meme token sector. In recent activity tracked by Fomo App, a trader achieved a remarkable result by turning $99 into roughly $370,000 through an early position in the trending “Niu Lai” token. This case underscores the dramatic influence of viral trends and highlights the importance of monitoring both price levels and investor actions. Platforms such as Fomo App have emerged to centralize token discovery and execution, offering features like social feeds, investor rankings, and trade notifications for those seeking to follow meme token dynamics and associated investor activity.
Next moves for XRPWith XRP currently retesting local support in the $1.25-$1.30 zone, the next weekly close is seen as pivotal. A close above $1.34 would challenge the current bearish outlook, while failure to do so keeps ChartNerd’s forecast for a drop toward $1 in play as 2026 draws to a close.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ripple-backed Evernorth Holdings has submitted a new prospectus for approximately 11.5 million XRPN tokens to help build its XRP treasury. The SEC filing from October lists 11,499,992 Class A common shares which can be sold upon the exercise of public warrants. Evernorth has also announced its intention to sell more shares to acquire more XRP, as part of its focus to expand the company’s treasury.
Evernorth Registers 11.5M Shares As XRPN Trades Above Exercise Price The public warrants have an expiration date of December 27, 2012 and are to be redeemed at $11.50 per XRPN share. As of Oct. 16, the prospectus price of the XRPN stock is $15.45 and the XRPN warrant $4.16, according to the SEC filing.
This means that the warrants are in the money because the stock is currently trading at above the exercise price. Depending on market conditions and terms, cash exercise might become attractive for the warrant holder.
Yet, this does not imply that 11.5 million XRPN stock shares have been released. Actual number will vary based on warrant exercises. If warrant holders exercise their cash warrants at $11.50 a share, Evernorth will receive cash proceeds.
Evernorth has registered 11,499,992 Class A shares issuable on warrant exercise at $11.50. Shares last traded at $15.45 and warrants at $4.16 (Oct 16), so the warrants are in the money.
Evernorth has stated plans to issue more shares to buy more $XRP. 💥 https://t.co/9eviNTGo7d pic.twitter.com/Kw5NE5EjXR
— Xaif Crypto (@Xaif_Crypto) October 20, 2026
The company will not receive any proceeds of the sale of shares covered by the prospectus.
More XRP Buying In Focus As Evernorth Expands Treasury Strategy The new release follows Evernorth’s recent XRP-focused strategy as it pursues it. It has announced that it intends to sell more units to help it buy more of XRP. It is viewed as a bullish news for XRP price, which is in a consolidation phase currently.
The prospectus doesn’t indicate whether the new XRP were purchased, nor does it state that proceeds generated from the exercise of warrants will be used to acquire the native XRP. However, if the warrants are exercised for cash and the company decides to use the proceeds for XRP, it would be a way to get additional capital.
Another thing in focus is the potential for share dilution with the filing. Warrant holders may exercise their warrants and receive additional shares of Evernorth, which could increase the number of XRPN stock shares outstanding.
With the increase in the total number of shares, each existing shareholder would have a smaller percentage of his or her company stock.
For XRP investors, the key question is whether Evernorth can turn future capital raising into additional XRP accumulation. The registration comes with a potential path for granting funds with a warrant, but any funds raised and purchase of XRP will be subject to future decision-making.
XRP’s on-chain activity has accelerated dramatically, with the XRP Ledger (XRPL) recording nearly $50 billion in transaction volume. This notable surge comes as XRP maintains strong support at the $1.25 level, fueling optimism among analysts who are monitoring its potential for a price rebound.
Analysts highlight market bottom signs and price targetsAccording to data from Santiment, XRP’s transaction volume recorded a 6000% spike. In recent days, approximately $49.66 billion worth of tokens changed hands, a substantial increase compared to the previous average of $0.8 billion per day.
This boost in network activity coincides with ongoing macroeconomic uncertainty, as persistent US inflation and broader market corrections have weighed on crypto assets. Such environments have proved decisive for XRP, which is known for significant price swings under turbulent conditions.
Market analyst Ali Martinez interprets the current surge in on-chain transactions at this support zone as evidence of a potential market bottom. Martinez suggested that XRP could be positioned for a run towards $2 if it maintains current levels. He stated on X,
XRP appears to have reached its bottom, and should the asset close consistently above $1.56, further upside toward $2 is likely. A dip below $1.25, on the other hand, exposes XRP to losses down to $1.10.
Other analysts are also drawing attention to XRP’s price outlook. Vincent Van Code described the recent corrections as clearing out weak hands, and projected the possibility of new all-time highs in the coming weeks. Meanwhile, an EGRAG CRYPTO analyst set a short-term bullish target in the $1.80 to $2.00 range, with a subsequent correction to $1.50, and a long-term cycle peak estimated between $7 and $9, cautioning against excessive price speculation.
XRPL registers strong inflows, adoption in real-world assets growsThe XRP Ledger has secured the second position among tracked blockchains for real-world asset (RWA) adoption, attracting $1.9 billion in net inflows over the last six months, according to figures from RWA.xyz. BNB Chain led the sector with $2.2 billion, followed by XRPL, Solana at $1.6 billion, and Stellar with $1.5 billion.
Avalanche reported $637 million in positive net flows, while Base, Monad, and Robinhood recorded $210 million, $200 million, and $199 million respectively. These statistics focus on tokenized assets and exclude stablecoin transactions.
When factoring in stablecoin flows, TRON topped the leaderboard with $7.8 billion in the last six months, with HyperEVM at $5.0 billion, and Solana with $2.6 billion. Under this measure, XRPL holds fourth place at $2.5 billion in net inflows.
XRPL’s distributed RWA value increased from $518 million at the beginning of the year to $2.25 billion at the end of the first quarter—marking a 124% quarter-over-quarter rise. By May, XRPL had a high of $3.53 billion in tokenized RWAs, and its total ecosystem value, including stablecoins, surpassed $5.37 billion.
Tokenization drives network utility, caution on price effectsThe expansion of tokenized real-world assets underscores the growing use of XRPL for purposes beyond cross-border payments and speculative trading. Tokenizing assets—such as funds, bonds, and conventional financial instruments—on blockchain infrastructure can enhance settlement speeds and offer investors alternative access to capital markets.
However, broader adoption of these systems is likely to depend on factors such as regulatory clarity, liquidity, and interest from institutional participants. Analysts note that while rising on-chain asset values boost XRPL’s stature in digital finance, this progression does not guarantee a direct increase in XRP’s market price. The extent of price impact will hinge on XRP’s integration and function within these expanding networks.
Market observers emphasize the importance of monitoring on-chain patterns and investor movements, especially when rapid shifts occur in meme token sectors and highly volatile cryptocurrencies. In these scenarios, not just price, but also timing and investor choices become particularly significant. 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. Fomo App consolidates token discovery and trading on a single platform, offering tools such as social feeds, investor leaderboards, and live trade notifications for those following meme token performance and investor activity.
By the end of Q1, the value of tokenized real-world assets distributed over XRPL jumped to $2.25 billion—a 124% increase from the previous quarter—setting a new milestone in the network’s expansion beyond payments and traditional trading.
Postquant Labs has unveiled the Quip Virtual Machine (QVM), a programming layer that operates seamlessly across both quantum and classical hardware. QVM is now live on the Aglais testnet, providing free compute credits to new users and introducing a flexible gas-based pricing model inspired by Ethereum.
Unified language for quantum platformsMajor technology firms such as IBM, AWS, and Microsoft have historically maintained separate technology stacks in the quantum computing landscape. IBM utilizes Qiskit, while Microsoft operates Cirq, originally developed by Google. Until now, there has been no common programming language or uniform cost structure to connect these disparate systems.
QVM addresses this fragmentation by introducing a single constraint-based language designed to support quantum annealers, gate-based quantum processors, and classical computing infrastructure. Developers can compile their programs into instructions with predetermined costs and deploy them on the Quip Network, where quantum computers process the tasks and classical systems verify the results.
This approach allows programmers to monetize their work whenever others use their public deployments, providing a new incentive for quantum software development. Colton Dillion, Postquant Labs’ CEO and cofounder, explained the motivation behind QVM:
Quantum computing remains divided by proprietary instruction sets and assemblers, limiting accessibility for those outside the industry. QVM seeks to simplify this space with an approach modeled after Ethereum’s Virtual Machine.
Cost calculation and settlement layerQVM calculates fees based on three main factors: the amount of qubit space used, the runtime, and the level of entanglement required. The company reports that users receive price quotes in advance, a level of transparency not common among current providers. Typically, IBM Quantum’s pricing applies only to its own hardware, and Microsoft’s Azure Quantum has a minimum spend of about $1,000 before users can run their first circuit.
QVM’s cost structure is most akin to AWS Braket’s model, where pricing is determined per transaction. Richard Carback, CTO and co-founder of Postquant Labs, described this pay-as-you-go framework as crucial for making quantum computing commercially feasible and efficient.
Alongside QVM, Postquant Labs has introduced its initial quantum smart contracts and a quantum-resistant settlement solution named QuipSwap. These features are designed to support secure payments in a post-quantum environment, complementing the technical advances of the QVM.
Performance tests and academic evaluationThe Quip Virtual Machine underwent live trials during the Quantum.Tech event, where it facilitated 1,930 direct portfolio optimization contests between quantum and classical solvers. Around 100 attendees contributed test problems. When results differed by more than 0.5%, the quantum solver achieved a median winning margin of 2.56%. Both solvers typically delivered answers in 0.1 to 0.3 seconds, and performance was assessed based on accuracy and speed.
Several academic institutions, including Monash University, the University of Notre Dame, and Purdue University, are currently evaluating QVM. SiC Systems, meanwhile, is applying QVM in their industrial optimization projects. Dr. Terrence Mak of Monash observed that students often devote an entire semester to mastering a quantum paradigm, while QVM could dramatically reduce the learning curve. Dr. Soheil Mansouri, SiC Systems’ co-founder and chief science officer, emphasized the system’s utility in rapidly testing combinatorial solutions for manufacturing.
Postquant’s ecosystem and the wider quantum landscapePostquant Labs previously launched its quantum-classical testnet for the Quip Network in April 2026 in collaboration with D-Wave Quantum, enrolling over 13,000 global participants. The rollout of QVM and QuipSwap expands this ecosystem, advancing efforts toward more accessible and commercial quantum computing.
The company’s leadership also contributed to the founding of the Quantum Alliance, an open standards organization focused on post-quantum blockchain security, officially launched on October 15. As concerns about the vulnerability of crypto signatures to quantum threats grow, Ethereum’s Vitalik Buterin recently warned that developments in AI-driven mathematics could undermine current post-quantum cryptographic schemes within two years.
As technical advances like QVM democratize access to emerging technologies and reshape settlement layers, observers in both academic and financial spheres have highlighted the increasing importance of tracking both prices and investor activity—especially in rapidly evolving sectors. In the meme token market, an internet trend can transform into millions of dollars of interest within days. Data from Fomo App revealed a standout trade involving the token “Niu Lai,” where an initial $99 investment became approximately $370,000. Monitoring token timing and selection is critical in this highly volatile space. Fomo App integrates token discovery, social feeds, investor rankings, and trade notifications into a single platform to enable users to efficiently track meme tokens and investor activity.
The quantum threat to established crypto signatures remains a notable challenge, prompting action from both industry leaders and researchers focused on strengthening post-quantum blockchain resilience.
Ethereum is up $50.00 today or 2.13% to $2398.24 --Largest percentage increase since Sept. 21, 2026, when it gained 5.70% --Up three of the past five days --Down 10.55% month-to-date --Down 19.46% year-to-date --Down 51.60% from its all-time intraday high of $4955.23 on Aug. 24, 2025 --Down 39.98% from 52 weeks ago (Oct. 20, 2025), when it traded at $3996.00 --Down 43.60% from its 52-week intraday high of $4251.85 on Oct. 27, 2025 --Up 55.91% from its 52-week intraday low of $1506.13 on June 6, 2026 --Traded as high as $2443.70 --Up 4.07% at today's intraday high; Largest intraday % increase since Sept. 21, 2026, when it was up as much as 6.48% Note: The Ethereum price is a 5 p.m.
ET snapshot from Kraken Data compiled by Dow Jones Market Data (END) Dow Jones Newswires 10-19-26 1722ET Copyright (c) 2026 Dow Jones & Company, Inc.
Kinexys, JPMorgan’s blockchain platform, has brought its bank deposit token to the Ethereum (ETH) mainnet for institutional clients.
Oli Harris, global head of Kinexys, announced the expansion of JPM Coin (JPMD) on LinkedIn on Monday morning.
“More institutions are moving on chain and we want our clients to have USD deposit liquidity wherever they’re operating. A lot of that activity is on Ethereum, so it was the natural place to go next.”
JPM Coin is a bank-issued digital representation of a commercial bank deposit held in JPMorgan accounts. The funds backing the token never leave the banking giant’s regulated infrastructure.
The mainnet expansion follows JPM Coin’s launch on Base, an Ethereum layer-2 blockchain built within the crypto exchange Coinbase, late last year.
In December, the banking giant also launched MONY, a tokenized money market fund powered by Ethereum. The fund targets qualified investors, offering U.S. dollar yields, and it invests solely in U.S. Treasury securities and repurchase agreements backed by them. JPMorgan launched a second tokenized money market fund, JLTXX, on Ethereum in May.
In August, JPMorgan noted that more than $4 trillion in payments had been processed on Kinexys since the platform’s inception, with an average of $7 billion transacted on a daily basis.
Ethereum traders are buying insurance, and they are paying a premium for it.
On October 19, 2026, ETH options markets showed a clear downside skew. Short-dated puts traded at a meaningful premium to calls, which signals that traders are more worried about a drop than excited about a rally.
ETH has slipped roughly 8% over the past month while Bitcoin quietly held its ground, gaining 1.5% over the same stretch.
What the options market is saying Data from Block Scholes showed seven-day ETH puts trading at an implied volatility premium of up to 8 percentage points over calls.
The 1-week 25-delta skew for ETH stood at +7.4 vol points, sitting at the 11th percentile. The 25-delta skew compares the price of puts and calls that are similarly far from the current price. A positive reading means puts are richer, so traders are leaning defensive.
ETH’s 7-day implied volatility climbed nearly 10 points, a sign that tension is building in the near-term contracts.
Further out on the curve, the tone softens but does not flip. The 30-day 25-delta skew came in at +3.1 vol points. Puts are still favored on a monthly view, just with less urgency than in the one-week window.
A tale of two assets Bitcoin has held a range between $80,000 and $84,000. ETH, by contrast, has been referenced around $2,400 in spot trading.
Both assets have seen their put-call skews widen since early October. A decline in AI and tech equities has weighed on sentiment, and that caution has spilled into crypto. ETH has taken the bigger hit, while Bitcoin has mostly shrugged.
Calls still dominate open interest Despite the defensive skew, ETH options open interest remains heavily tilted toward calls. Calls make up approximately 63% of open interest, with puts at roughly 37%. Total open interest for ETH options was approximately $6.09 billion.
The call wall sits at $2,600, while the put wall rests at $2,300. With spot near $2,400, ETH is trading between those two markers, closer to the put side than the call side.
What this means for traders For anyone using options to hedge, the cost of that hedge has gone up. Buying short-dated puts now means paying a premium compared with a few weeks ago. Selling puts, on the other hand, pays more, though it comes with the obvious risk of being on the hook if prices fall.
The $2,300 put wall is the level many traders will likely have circled. A move toward that zone would test whether the defensive positioning was prescient or simply expensive peace of mind.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.
Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).
7 minutes ago
The French Prime Minister: Curfews will be imposed wherever necessary tonight.
French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.
7 minutes ago
Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.
According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move. BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.
7 minutes ago
Morgan Stanley raises Amazon’s price target and designates it as a top pick, while two crypto whales simultaneously opened new long positions worth $3.84 million.
Morgan Stanley analyst Brian Nowak raised Amazon (AMZN)’s price target from $335 to $350, maintained an “Overweight” rating, and named it a top pick in the firm’s coverage universe. Morgan Stanley noted that Amazon Web Services (AWS)’ growth potential and profit margins have not been fully recognized, projecting AWS revenue will rise 47% in 2027 and 42% in 2028, and forecasting Amazon’s 2028 earnings per share (EPS) at roughly $16.50. All figures are firm projections. Per TradingBeats monitoring, as of press time, the AMZN perpetual contract on Hyperliquid trades at $263.36, up approximately 4.01% over the past 24 hours, with a trading volume of around $26.17 million. Over the same period, the notional value of open interest increased by roughly $3.28 million, a 12.53% rise; excluding price fluctuations, the estimated number of positions still grew by about 8.16%. Against this backdrop, at least two large crypto whales opened new million-dollar long positions overnight. One account purchased 4,641.043 contracts at 22:47, with a trading volume of ~$1.2129 million at an average price of $261.337 (0x30af); another account bought 10,000 contracts between 23:06 and 23:17, with a trading volume of ~$2.6239 million at an average price of $262.389 (0xcb58). The two new long positions totaled ~$3.8368 million in trading volume, with a weighted average entry price of ~$262.06.
7 minutes ago
GitHub public repositories now require identity verification: a surge in bot traffic is disrupting regular CI workflows.
Beating AI News Flash: On October 19, GitHub announced it will temporarily add authentication to HTTPS download requests for some public repositories. Once the system detects abnormal traffic, code that previously could be cloned or fetched without logging in may suddenly require a token. CI builds and automatic installation scripts relying on anonymous downloads may also be disrupted. A similar issue emerged in September. On September 2, a developer reported in the GitHub Community that their CI server repeatedly received 401 errors when fetching the MariaDB public repository, and even submodule updates could not be completed. The developer of AMP, a game server management tool, also noted that a large number of users' installation processes were affected, forcing the team to consider urgent program modifications. At that time, GitHub explained that the platform was facing growing bot traffic, which could lead to misclassification of legitimate development requests. The latest announcement further clarifies the scope of the temporary authentication measure. GitHub advises developers to configure authentication for automated tasks and avoid relying on anonymous HTTPS fetching. Authenticated HTTPS and SSH operations are not subject to this restriction.
7 minutes ago
Lighter Core Launches Binary Options Products
Decentralized exchange Lighter tweeted that its Lighter Core has launched binary options products, with plans to roll out a full options trading service next.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum is scheduled to activate the Glamsterdam upgrade on the Hoodi testnet on October 26, as reported by WuBlockchain. This upgrade will increase the testnet’s gas limit to 200 million. The Glamsterdam protocol upgrade, previously implemented on the Sepolia testnet, involves updates to gas pricing for state-creation and state-access, along with broader execution and block-accounting changes. While the testnet change is confirmed, no mainnet activation date has been announced.
Key Takeaways
The announcement of the Glamsterdam upgrade on the Hoodi testnet is consistent with support for improved network efficiency and scalability.
Market pricing suggests a moderate impact on Ethereum’s price, as the upgrade is still confined to a testnet environment.
The absence of a mainnet activation timeline may indicate that market participants are waiting for further developments before adjusting their price expectations.
What to Watch
Market participants will closely monitor the Hoodi testnet for any technical issues or bugs that could affect the upgrade’s success. Confirmation of a mainnet activation date for Glamsterdam could lead to increased activity and potentially higher price expectations for Ethereum. Additionally, any public statements from the Ethereum Foundation regarding roadmap acceleration could influence market sentiment.
Ethereum developers have scheduled the Glamsterdam upgrade for the Hoodi testnet on October 26 at 17:42:48 UTC, with Hoodi's gas limit set to rise to 200 million.
Ethereum (@ethereum) developers have scheduled the Glamsterdam upgrade for the Hoodi testnet on October 26. Activation is set for 17:42:48 UTC, and the test will raise Hoodi's gas limit to 200 million.
Glamsterdam includes changes to block production, transaction processing and gas accounting. The upgrade already activated on the Sepolia testnet on October 6. No mainnet date has been set.
What the Hoodi test involvesThe Ethereum Foundation announced the Hoodi schedule on October 16, according to reports by PANews and The Currency Analytics. PANews said Hoodi's block gas limit will rise to 200 million at activation, and that node operators need to update their execution layer and consensus layer clients before the fork.
Glamsterdam's two headline changes are enshrined proposer-builder separation (ePBS) and block-level access lists. CoinMarketCap Academy described the upgrade as bringing ePBS, block-level access lists and new gas pricing to Ethereum's base layer. ePBS is set out in EIP-7732 and moves the relationship between block proposers and builders into the consensus protocol. Block-level access lists, defined in EIP-7928, let clients read state and validate transactions in parallel.
The 200 million gas figure applies to the test network only. Crypto outlet CryptBull noted that a 200-million gas limit on a test network is an engineering milestone, not a promise that mainnet capacity will quadruple. Mainnet users have no action to take for now.
What comes next for $ETHSepolia went first, and Hoodi gives developers a second public environment to check client behavior and the new gas rules. CoinDesk reported that the next test will evaluate block production, state access and gas changes together, after which client teams will decide on a mainnet date. The Ethereum Foundation has cautioned that a testnet activation does not confirm a mainnet timeline.
Application developers should also test their contracts against the revised gas pricing, according to TechFlow's summary of the Foundation's Sepolia announcement.
Sources:
PANews: Glamsterdam set to activate on Hoodi testnet
CoinMarketCap Academy: Glamsterdam goes live on Sepolia
The Currency Analytics: Hoodi 200 million gas test
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
