Market Signal Briefing

The crypto market remains volatile as Bitcoin consolidates above the $108,000 mark, while Solana (SOL) emerges as one of the most active altcoins this week. After testing resistance around the $190–$200 zone, traders are now eyeing whether the SOL price can sustain its momentum or face another rejection.

Ethereum continues to consolidate between institutional zones, with clear boundaries defined by $3.4K support and $4.6K resistance. The current symmetrical triangle formation signals a period of compression, with breakout potential in either direction.

Technical Analysis
By Shayan

The Daily Chart
On the daily timeframe, ETH remains trapped in a mid-range structure between the $3.4K institutional demand zone and the $4.6K supply zone. The rejection from $4.2K coincided with a retest of the broken ascending trendline and the 100-day moving average, both now acting as resistance levels.

Momentum has slowed, and ETH is currently ranging near the midline of its broader range and below the 100-day MA. The 200-day MA around $3.1K continues to serve as the final dynamic support, while the $3.4K demand zone, a level that absorbed liquidity during the Trump tariff crash, has repeatedly attracted buying interest.

For ETH to regain bullish momentum, the price must close decisively above $4.2K, reclaiming the mid-range and setting up a move toward $4.6K. Until that happens, the broader structure remains neutral to slightly bullish, supported by the long-term ascending trend and institutional accumulation zones below.

Source: TradingView
The 4-Hour Chart
The 4-hour timeframe shows ETH forming a symmetrical triangle, reflecting market indecision following the recent selloff. The pattern’s upper boundary aligns with the $4K resistance, while the lower boundary is supported by the $3.8K short-term range floor.

This structure represents a liquidity compression phase, where volatility continues to narrow before a directional breakout. If bulls manage to break the upper trendline, a rally toward $4.4K–$4.6K would be expected, coinciding with the higher range boundary and institutional supply zone. Conversely, a breakdown below $3.7K could expose the $3.4K demand zone once again.

Until confirmation, the price is expected to oscillate within this narrowing range, a typical setup for traders waiting for volatility expansion.

Source: TradingView
Sentiment Analysis
By Shayan

Ethereum’s funding rates across all exchanges have recently turned negative, mirroring the sentiment observed during major market bottoms in past cycles. Historically, periods of negative funding rates, when short positions dominate and perpetual traders pay a premium to hold them, have preceded sharp bullish reversals, as seen in late 2024 before the rally toward $4.8K.

The current negative readings suggest fear-driven shorting pressure, which, paradoxically, often acts as fuel for upward movements once selling exhaustion sets in. If this condition persists while ETH maintains structural support near $3.8K–$3.4K, it could set the stage for another short squeeze-driven recovery into the upper range.

Source: CryptoQuant

Prediction markets are placing bigger bets on Satoshi Nakamoto making a move this year than on Jesus Christ returning. Back in July, traders only gave Bitcoin's mysterious creator a 3.7% shot at moving BTC—but by Oct. 13, that chance had leapt to 15%, turning the odds into a full-blown crypto prophecy watch.

Binance Bitcoin outflow metric shows traders preferring to hold rather than sell with 30-day moving average strongly negative signaling accumulation, as MVRV ratio slips below 365-day average marking cyclical bottom formation with path to $130,000 requiring break above $120,000 resistance.

Bitcoin may be the world’s most secure digital asset, but for years its base layer has limited the kinds of financial applications developers could build on it. 

That changes with the launch of Arkade, the first significant Bitcoin layer-2 solution since the Lightning Network nearly a decade ago.

Developed by Ark Labs, the protocol enters public beta with a bold mission: to turn Bitcoin into a programmable financial platform without compromising the security that has made it “digital gold,” according to a note shared with Bitcoin Magazine. 

Arkade builds on the Ark protocol, first introduced two years ago, which promised a new way to scale Bitcoin while unlocking new applications. 

The launch also introduces Arkade Assets, a native multi-asset framework designed to bring stablecoins and other tokens to Bitcoin’s execution layer, including planned support for Tether (USDT). For an ecosystem long dominated by Ethereum and other chains when it comes to decentralized finance, this is a notable step toward putting advanced financial tools back on Bitcoin.

“The Bitcoin L2 landscape has been full of promises but light on shipping,” said Marco Argentieri, CEO of Ark Labs. “Today’s release marks the beginning of Bitcoin’s evolution as programmable money.”

Technical and cultural Bitcoin norms The challenge Ark Labs is addressing is both technical and cultural. Bitcoin’s base layer is intentionally conservative, prioritizing security and censorship resistance over complex programmability. 

While Lightning offered off-chain payments, other financial applications — lending, trading, or structured derivatives — required workarounds such as wrapped tokens or custodial platforms. 

Arkade attempts to take a different approach: instead of altering Bitcoin’s consensus rules or creating separate chains, it virtualizes Bitcoin’s UTXO-based transaction system, preserving its security while enabling new capabilities.

Developers can now build sophisticated financial applications directly on Bitcoin: lending protocols, trading platforms, smart wallets, and yield products — all without relying on bridges or compromising user control. 

User assets remain secured by presigned transactions, meaning funds can always be reclaimed on-chain if needed.

Arkade’s technical innovations include Virtual Transaction Outputs (VTXOs) for instant off-chain execution, batch settlement to compress thousands of operations into a single Bitcoin transaction, and integration with the Lightning Network through Boltz to facilitate liquidity swaps. Initial launch partners include Breez, BlueWallet, BTCPayServer, and exchanges like BullBitcoin and LayerZ Wallet (builders of BlueWallet), according to the note.

Stablecoins on Bitcoin? For the Bitcoin community, the launch signals more than just another protocol. It represents a turning point in the narrative around Bitcoin as money versus Bitcoin as programmable infrastructure.

Stablecoins, which have largely migrated to Ethereum and other chains, may find a secure home on Bitcoin. For users, this could mean safer, more efficient ways to manage digital assets and access financial services without leaving the Bitcoin ecosystem.

“Arkade isn’t just a product launch; it’s the foundation for the next decade of Bitcoin development,” said Alex Bergeron, Ark Labs’ Ecosystem Lead. “Every major financial application needs a programmable foundation. That’s what we’re building.”

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.

Key Takeaways
Why is the AKT price outlook bearish?
The trend for the altcoin has been bearish throughout 2025, and the coin will be targeting new lows due to the overall seller dominance.

What should Akash Network bulls watch out for?
A price move beyond the $1 level would be the first sign that bulls were back in control. Even then, a quick recovery would likely be tough.

Distributed cloud computing protocol Akash Network [AKT] was in the news recently when it suffered no downtime while Amazon Web Services went down for hours. Its founder, Greg Osuri, celebrated this as a success.

He had also explained in a post on X that the project will migrate to a new network. They are paying attention to chains whose performance was impacted by the AWS outage, he revealed.

The protocol mentioned the burn mint equilibrium model in a post on X. The model aims to boost the structural demand for AKT and reduce effective circulating supply.

What does the price action reveal about AKT’s potential future trends?

Bearish long-term trend dismays Akash Network investors

Source: AKT/USD on TradingView

The weekly chart of AKT showed a long-term downtrend in progress. Even the market-wide rally in November-December 2024 failed to set new highs for the year. Instead, it fell just short of the $5 mark.

In the eleven months that followed, the price of Akash Network token has declined another 86%. The $2-$2.5 zone had been a strong support level in 2024, but was retested as resistance in May 2025.

A similar scenario may develop with the $0.78-$1 supply zone above AKT prices. The $0.766 level crumbled under selling pressure, and the $0.63 support could be the next target.

The moving averages and the RSI highlighted persistent bearish momentum in the market. The OBV was sinking toward the 2025 low, another sign of seller dominance.

Source: AKT/USD on TradingView

On the 12-hour chart, the bearish outlook was just as strong. The crash beneath the psychological $1 level has left a large imbalance, aligning with the higher timeframe supply zone.

The OBV was making new lows, and the RSI continued to show firm bearish momentum.

Using the previous week’s swing move southward, a set of Fibonacci extension levels were plotted. The next price targets for AKT are $0.533 and $0.456, according to the extension levels.

Meanwhile, a move back above $1 would be needed to signal a potential halt to the downtrend. Since the long-term trend was downward, investors and traders might not want to bet on a quick recovery.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Key takeaways:

Solana's double-bottom below $180 signals potential price recovery to $250.

Institutional demand for SOL rises with $156 million in weekly ETP inflows, driven by hype for potential Solana ETF approvals.

Solana (SOL) price formed a potential double-bottom pattern below $180 on the daily chart, a setup that could help SOL price recover toward $250 in the weeks ahead.

Solana Bollinger Bands could lead to a recoveryVeteran chartist John Bollinger says it may be “time to pay attention,” spotting potential W-bottom reversals on Ether and Solana using his Bollinger Bands framework. 

The call follows SOL price double-dipping near the $175 area before stabilizing, implying a bigger move may be in the cards. 

This is an encouraging sign from Solana, according to Bollinger. The Bollinger Bands (BB) indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility.

Bollinger Bands are forming the second low of a W-shaped pattern formation — a double-pronged bottom followed by an exit to the upside — on the daily chart.

BTC/USD weekly chart with Bollinger Bands. Source: Cointelegraph/TradingView
In this situation, SOL’s drop to $172 on Oct. 11 was the first bottom, and Friday’s drop to $174 was the second, retesting the lower boundary of the BB.

If confirmed, Solana's price could recover from the current levels, first toward the neckline of the W-shaped pattern at $210, before rising toward the target of the prevailing chart pattern at $250.

“Solana is looking very constructive here, with the RSI nearing a momentum breakout and the MACD heading for a bullish cross,” said crypto YouTuber Lark Davis in an X post on Monday.

An accompanying chart showed SOL price forming a potential W (double-bottom) in the daily time frame. 

“Price target here is $250 if the W confirms, which will happen on a neckline break.”SOL/USD daily chart. Source: Lark DavisThe key thing now is for “bulls to hold the 200-day EMA,” Lark Davis added.

As Cointelegraph reported, a new uptrend will begin once buyers drive the price above the 20-day EMA, currently sitting at $200.

Investors increase exposure to SolanaInstitutional demand for SOL investment products appears to be increasing, according to data from CoinShares.

SOL exchange-traded products (ETPs) posted weekly inflows of $156.1 million in the week ending Oct. 17, bringing their inflows for the year to $2.8 billion.

Crypto funds net flows data (as of May 30). Source: CoinSharesConversely, global crypto investment products recorded net outflows of $513 million, with investors particularly de-risking from Bitcoin (BTC), the only major asset to see outflows totaling $946 million last week.

CoinShares’ head of research, James Butterfill, said:

“Hype for the Solana ETF launches drove inflows.”The US Securities and Exchange Commission (SEC) is expected to decide on nine spot Solana ETF applications, which have been delayed by the government lockdown. 

Approvals could unlock billions in institutional capital, as seen with REX-Osprey Solana Staking ETF, SSK, which debuted on July 2 with over $33 million in first-day volume.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Aster has gone down by 11% in the past 24 hours as cryptocurrencies continue to show significant signs of weakness ahead of this week's inflation report.

TL;DR

Bitget Wallet now allows users to pay gas fees in stablecoins such as USDT, USDC, and BGB, simplifying cross-chain transactions.
The integration of EIP-7702 enables externally owned accounts to gain smart wallet features temporarily, including transaction batching and gas sponsorship.
This update works across both EVM and non-EVM networks, expanding accessibility and reducing the need to manage multiple native tokens for gas.

Bitget Wallet has launched a major upgrade that enables users to pay gas fees using stablecoins instead of network-native tokens. By integrating Ethereum’s EIP-7702, transactions can now be completed across eight major blockchains including Ethereum, Solana, Polygon, Base, TRON, BNB Chain, Arbitrum, and Optimism using USDT, USDC, or BGB.

The feature removes the requirement to hold native tokens for gas, making wallet self-custody simpler and more user-friendly. It also allows for smoother onboarding of new users and reduces transaction delays caused by insufficient native token balances, enhancing the overall user experience.

Stablecoin Gas Payments Across Multiple Chains
The update allows users to conduct transactions without maintaining native tokens on each blockchain. With support for EVM and non-EVM ecosystems, Bitget Wallet users can now pay fees directly with stablecoins, streamlining cross-chain operations. This functionality reduces friction for users who frequently move assets between networks and eliminates the need for swapping tokens solely for covering gas costs. It also opens opportunities for developers to integrate more user-friendly applications on top of these wallets, improving ecosystem efficiency and adoption.

Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, highlighted that the integration bridges the experience gap between decentralized and centralized platforms. Users can now manage self-custody wallets while enjoying convenience previously found only in centralized exchanges. The feature supports a seamless transaction experience across multiple chains without extra account upgrades or structural changes.

EIP-7702 Enables Advanced Wallet Capabilities
EIP-7702 temporarily gives externally owned accounts features typically reserved for smart contract wallets, such as transaction batching and gas sponsorship. Unlike many other solutions that require smart account upgrades or limited chain coverage, Bitget Wallet’s implementation works across all supported networks without altering the user’s original wallet. This mechanism enhances usability while preserving full user control.

The upgrade places Bitget Wallet in direct competition with other wallets experimenting with gas abstraction technologies, including MetaMask, OKX Wallet, and Base App. However, the broad chain coverage and stablecoin payment options set it apart, providing a more unified and accessible solution for global users. By removing one of the main friction points in blockchain use, Bitget Wallet’s EIP-7702 integration encourages wider adoption, supports developers building cross-chain applications, and ensures a smoother, more predictable transaction experience.

Key Insights:

Analyst predicts Chainlink breakout above $25 could spark a rally toward $100.
Whale accumulation near $16–$18 signals strong support and growing investor confidence in LINK.
Chainlink partnerships and $92B secured value strengthen its position as a leading oracle network.

Chainlink Set for Rally as Breakout Above $25 Could Potentially Lead to $100 Target
Chainlink (LINK) is showing signs of renewed bullish momentum as large investors continue to accumulate the token. The cryptocurrency, which has recently experienced a price decline, is now forming a potential reversal setup that could pave the way for a rally toward $25 and possibly higher levels in the medium term.

Whale Accumulation Suggests and Market Performance
According to analyst Ali_charts, the next time Chainlink breaks $25, it could ignite a bull rally to $100, reflecting market optimism tied to current accumulation levels. This trend suggests growing interest from large investors who are positioning for a possible breakout. The structure indicates a consolidation phase that could precede a significant price expansion.

Potential Breakout | Source: X
Key Fibonacci extension levels in the projection indicate potential targets at $32, $53, and $100 if the breakout is sustained. The $16–$18 range appears to be forming strong support, reinforcing the view that a breakout above $25 may mark the start of a significant rally.

Chainlink is trading near $17.89, down about 5% in the past 24 hours and 7.5% over the past week. Despite this decline, analysts point to a strong support zone around $16, where more than 54 million LINK were accumulated.

Resilience and Expanding Partnerships

Meanwhile, Interest in Chainlink rose again after its oracle services remained operational during a recent Amazon Web Services outage that affected several major platforms. This event demonstrated the project’s decentralized reliability compared to traditional systems.

Despite today’s widespread cloud outage impacting much of the public Internet, Chainlink oracle services operated without interruption and remain fully operational.

This reliability includes Data Feeds & Streams securing 70% of the oracle-enabled DeFi economy, CCIP enabling… pic.twitter.com/tHhQS1G6dd

— Chainlink (@chainlink) October 20, 2025

Chainlink Labs’ Q3 report detailed partnerships with Swift, DTCC, and Euroclear, as well as a pilot project involving the U.S. Department of Commerce. These collaborations have supported Chainlink’s evolution from an oracle network to a broader infrastructure platform enabling tokenized assets.

Chainlink currently secures over $92 billion in total value across its network, representing nearly 68% of the oracle market, according to DeFiLlama. With growing institutional interest and continued whale accumulation, the token appears poised for potential upward movement. A confirmed breakout above $25 resistance could mark the start of a broader rally, with projections suggesting a possible move toward the $100 target zone.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Institutional asset managers are deepening crypto adoption by leveraging secure partnerships and expanding ETF offerings in the digital asset market.

Key Takeaways

BlackRock deposited nearly $314 million in Bitcoin (BTC) and $115 million in Ethereum (ETH) into Coinbase Prime.
Coinbase Prime provides custody, trading, and brokerage services for large institutions in the crypto space.

BlackRock, the world’s largest asset manager, deposited approximately $314 million in Bitcoin and $115 million in Ethereum into Coinbase Prime within 24 hours. The institutional-grade platform provides custody, trading, and prime brokerage services for cryptocurrencies to major firms.

BlackRock has been frequently transferring Bitcoin and Ethereum to Coinbase Prime as part of ongoing portfolio management, reflecting the asset manager’s expanding cryptocurrency ETF offerings through institutional digital asset transfers.

BlackRock’s repeated use of Coinbase Prime for cryptocurrency deposits demonstrates broader institutional strategies in digital asset markets, with growing adoption of Bitcoin and Ethereum through asset management firms’ custody arrangements.

Disclaimer

Aave is onboarding structured-yield tokens backed by real-world assets onto its lending protocol by teaming up with Maple.

Summary

Aave and Maple teamed up to bring institutional capital to DeFi
Maple will bring yield-bearing assets to Aave’s lending protocol
The partnership will start with syrupUSDT launching on Aave’s Plasma

As institutional appetite for DeFi grows, major players are making moves. On Tuesday, October 21, on-chain asset manager Maple and decentralized lending protocol Aave partnered to bridge the gap between institutional capital and on-chain liquidity.

Notably, Maple will bring yield-bearing assets to Aave, including its yield-bearing stablecoin syrupUSDT. According to the two companies, these “institutional-grade” assets will boost Aave’s liquidity and bring in institutional capital. In addition, the partnership will also allow Aave to access Maple’s network of borrowers.

“This partnership brings together Maple’s high-quality institutional assets with Aave’s deep liquidity and unmatched scale,” said Stani Kulechov, Founder of Aave. “Institutions gain greater utility and deeper liquidity, enabling them to better manage capital.”

The partnership will kick off with the launch of Maple’s yield-bearing stablecoin syrupUSDT on Aave’s Plasma instance. Shortly thereafter, syrupUSDC will launch on Aave’s core market. The two firms stated that more of Maple’s assets will follow.

Maple and Aave to bridge DeFi and TradFi
syrupUSDC and syrupUSDT are tokenized yield-bearing products backed by institutional loans managed by Maple. According to the firm, these overcollateralized assets open up institutional lending opportunities to a broader range of market participants.

“At its core, this integration is about connecting two critical pieces of infrastructure: deep liquidity and high-quality credit,” said Sid Powell Co-Founder, Sid Powell. “Aligning two of the industry’s most established protocols, this move lays the foundation for the next phase of sustainable growth in decentralized finance, where institutional capital and decentralized protocols work together at scale.”

Powell told crypto.news that the partnership “strengthens the core infrastructure of DeFi.” He also stated that it shows how “mature protocols can work together to drive sustainable growth for the entire ecosystem.”

Ethereum’s price remained under increased pressure this week as ETF outflows rose and sentiment in the crypto industry worsened.

Summary

Ethereum price has formed a big bullish flag pattern.
It has remained above the 200-day moving average, pointing to a rebound.
The supply of Ether tokens on exchanges has dropped to a multi-year low.

Ethereum (ETH) was trading at $3,900 at press time, down more than 21% from its highest point in September. Still, technical analysis suggests that the price may be ripe for a strong advance soon.

Ethereum price chart analysis
The daily timeframe chart shows that Ethereum’s price has pulled back in the past few months. The price has dropped from a high of $4,963 in August to $3,900 today.

The coin has moved below the important support level at $4,087, which was the highest point on Dec. 6 and Dec. 24 last year. The price also moved below the 50-day Exponential Moving Average.

On the positive side, Ethereum has held steady above the 200-day moving average at $3,570. The price has also formed a bullish flag pattern, which often leads to a strong bullish breakout.

The price is now in the descending channel of this pattern after completing the flagpole. Also, the coin is slightly above the Major S/R pivot point at $3,750.

Therefore, the token will likely bounce back in the coming days, with the initial target at the weak stop-and-reverse point of the Murrey Math Lines tool. A move above that level will point to more gains, potentially to the ultimate resistance at $5,000.

ETH price chart | Source: crypto.news
ETH supply in exchanges is falling
One of the top catalysts for Ethereum price is that there is robust demand from investors despite the recent ETF outflows. Data shows that these funds have had over $14 billion in inflows since their inception in July last year. They now hold coins worth about $26 billion or 5.56% of the market cap.

Another sign of Ethereum demand is that exchange balances have continued falling this year. Exchange balances have plunged from 27 million in 2022 to 15.9 million today. Falling exchange reserves are a sign that investors are moving their coins to self-custody.

Meanwhile, more investors are staking ETH coins. StakingRewards data shows that the staking market cap stands at $140 billion, while the staking ratio is at 30%.

Ethereum’s network is doing well, especially in the stablecoin industry. Stablecoin supply has jumped by 1.35% in the last 30 days to $167 billion, while the adjusted transaction volume hit $1 trillion.

Ripple News

Ripple CEO Applauds $1 Billion XRP Treasury Backed by Global Giants SBI Pantera and Kraken

TL;DR Ripple is backing the launch of Evernorth, an institutional vehicle that plans to raise over $1 billion and list on Nasdaq under the ticker

Ripple News

Hackers Drain $3M in XRP From US Wallet, On-Chain Sleuth ZachXBT Reveals

TL;DR A U.S. crypto user lost roughly $3.05 million in XRP after their Ellipal wallet was compromised. Blockchain investigator ZachXBT traced the stolen funds through

Ripple News

Ripple Shockwave: $67.5M XRP Suddenly Exits BitGet Exchange

TL;DR A massive $67.5 million XRP transfer left the BitGet exchange, drawing attention from traders still cautious after recent market volatility. The move involved over

Ripple News

Ripple Accelerates Growth With $1 Billion G-Treasury Acquisition

TL;DR Ripple acquires GTreasury for $1 billion, completing its third major purchase in 2025 following Hidden Road and Rail. The integration will enable Ripple to

Companies

CoinShares Boosts XRP ETF Momentum with Ticker and Custodian Reveal Before SEC Decision

TL;DR XRP ETF Structure: CoinShares filed an amended S-1 revealing ticker XRPL, with BitGo as custodian and Valkyrie Funds LLC providing seed capital. Regulatory Timeline:

flash news

Ripple Strengthens Global Reach with RLUSD Custody Partnership in Absa Bank

Ripple confirmed today a new partnership with Absa Bank to provide custody services for tokenized assets, including RLUSD, in South Africa. The announcement was shared

Key Takeaways
What caused ETHFi’s recent 9% decline?
The drop followed a $98K plunge in fees and a massive liquidity drawdown to $680K.

How severe is ETHFi’s on-chain slowdown?
Daily active users dropped to 328, the lowest since July, while TVL fell to $9.92B, reflecting a deep investor exit.

EtherFi [ETHFi] has seen one of its steepest outflows in the past day, recording a 9% drop.

AMBCrypto traced this decline to weakening on-chain performance across the market. The effects are gradually surfacing, and a further drop could follow.

These factors will likely shape ETHFi’s price dynamics in the coming days.

Users churn at the helm
The decline in ETHFi’s performance stems largely from a sustained exit of users from the platform. According to recent data from Artemis, transaction users have fallen to levels last seen in July 2025.

Currently, only 328 on-chain users interact with the protocol—a clear sign that investor sentiment has weakened. This trend has directly impacted the protocol’s revenue, with fees generated plummeting sharply.

Source: Artemis

To put this in context, fees dropped from $210,500 to $111,700 in just one day, reflecting a loss of about $98,000 that could have contributed to protocol earnings.

Declining protocol usage, however, isn’t the only challenge facing ETHFi. AMBCrypto’s analysis found other factors contributing to rising sell pressure and reduced liquidity.

Sell-offs heighten amid liquidity crunch
Market data shows a notable sell-off as investors continue to reduce exposure to ETHFi. Liquidity within the staking protocol has dropped to its lowest level this year.

According to DeFiLlama, the total available on-chain liquidity for ETHFi now stands at roughly $680,000.

This suggests that the amount of ETHFi locked in decentralized exchanges (DEXs) like Uniswap [UNI] has declined sharply.

Source: DeFiLlama

The fall indicates waning long-term conviction, as investors are offloading tokens to avoid further losses amid worsening market conditions.

Similarly, the total value locked (TVL) across ETHFi protocols has also plunged, currently standing at $9.92 billion.

This pattern mirrors the liquidity decline, signaling that investors remain cautious and risk-averse.

Protocol performance stays weak
ETHFi’s overall protocol performance continues to reflect the bearish outlook in the market.

Reports show that Net Holder Income (NHI) for the fourth quarter stands at just $464,000—a steep drop from $3.9 million recorded in the third quarter.

At the time, ETHFi generated about $1.3 million monthly or $650,000 bi-weekly.

The figures show the protocol has failed to match its earlier performance, suggesting that ETHFi holders will likely receive less income in October.

Source: DeFiLlama

This decline adds to the already low incentive to hold the asset, further straining investor confidence in the short term.

TL;DR

Trader “Machi Big Brother” holds a 25x leveraged long position on ETH valued at $10.1 million.
With ETH dropping below $3,900, his position faces Ethereum liquidation risk if the price falls to $3,803.
The trader is using 95.72% of his margin, with over $404,000 at immediate risk of being liquidated.

The well-known investor and “whale” Jeffrey Huang, alias “Machi Big Brother,” doubled his bullish bet on Ethereum, putting him in a precarious position. This comes just as the market shows signs of weakness. ETH is trading lower, down 4% in the last 24 hours, threatening Huang’s entire margin.

Despite the market downturn, Huang has continued to increase his exposure. Over the weekend, he received 220,000 USDC from the investment firm QCP Capital and deposited it into the derivatives platform Hyperliquid to add to his long position.

Although ETH had a brief rally to $4,077 at the start of the week, it was quickly rejected, falling below $3,900. Ignoring the drop, Huang deposited an additional $100,000 USDC today, raising his total position to 2,575 ETH, valued at approximately $10.14 million.

Margin Depletes as Liquidation Looms at $3,800
Analysis of Huang’s position reveals the extreme danger of his bet. According to data from Hyperdash, the trade is 25x leveraged, with an average entry price of $3,955.13.

With ETH’s current price hovering around $3,894, the position is already significantly “underwater,” with an unrealized loss of over $164,000. The Ethereum liquidation risk is imminent: Huang’s liquidation threshold now sits at $3,803.86.

Critically, his margin usage has reached 95.72%. This means he has over $404,000 in collateral at immediate risk, with almost no room to absorb further downside volatility. If ETH falls below $3,803, he will lose his entire deposited margin, unless he adds more USDC as collateral.

This risky strategy is not new for Huang, who lost $35 million in profits during “Uptober” on a similar bet on the XPL token. Meanwhile, the ETH market remains under bearish pressure after failing at the $4,080 resistance, keeping the price in a tight range that jeopardizes overleveraged positions.

Reviews

Pacifica Review: The Revolutionary Approach to Accessibility in DeFi

Pacifica DEX represents a fresh chapter in the evolution of decentralized exchanges, capturing attention as a platform shaped by innovation and community values. Positioned within

Solana News

Jupiter Launches Ultra v3 and Revolutionizes Trading on Solana

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CryptoCurrency News

Europe’s Crypto Revolution: Russia Emerges as a Powerhouse of Adoption

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flash news

Smart Money Flees: Whales Trigger Sell-Off in Solana, Aave, and Aster

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DeFi News

Visa Announces Strategic Initiative to Connect Traditional Institutions With DeFi Markets

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CryptoCurrency News

Crypto Market Surges as DeFi and Stablecoins Spark Strongest Quarter in Years

TL;DR The crypto market surpassed 4 trillion dollars in capitalization after a 16% rise in Q3 2025, its most forceful expansion since 2021. DeFi assets

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s longtime chief technologist David “JoelKatz” Schwartz has unveiled his first post-Ripple move, saying he will serve as a strategic advisor to Evernorth, an XRP-focused vehicle led by former Ripple executive Asheesh Birla. “XRP community – I promised I’d have an update on my next adventure soon right? Well here’s the start: I’ll be a strategic advisor to Evernorth, helmed by my friend Asheesh Birla,” Schwartz wrote, adding that Evernorth was founded “as a regulated, scalable investment vehicle to tap into opportunities for XRP in DeFi and capital markets, extending the entire XRP ecosystem.” He closed with: “I’m excited to get started!”

The Old Ripple Connection
Schwartz’s announcement arrived alongside Evernorth’s own reveal that it has signed a business combination agreement with Armada Acquisition Corp II to go public on Nasdaq. The combined company is “expected to trade on Nasdaq under the ticker symbol ‘XRPN,’ subject to the satisfaction of the listing requirements,” with more than $1 billion in gross proceeds targeted, including a $200 million commitment from Japan’s SBI. The release says net proceeds will primarily fund open-market XRP purchases, positioning Evernorth as “the largest public XRP treasury company.”

The Birla–Schwartz connection is longstanding. Birla joined Ripple in 2013 and rose to become General Manager of RippleNet, the company’s cross-border payments business, before moving to the company’s board in 2022. On the day he stepped back from his “day job”, Birla wrote: “After ~9 amazing years I’ve decided to wrap up my day job at Ripple. Luckily, I’m not going far as I join the Board of Directors.” In announcing Evernorth this week, Birla said he will step down from Ripple’s board to lead the new venture.

Schwartz’s advisory role at Evernorth intersects with his own transition out of Ripple’s C-suite. Earlier this month, he disclosed that he will step down as Ripple’s Chief Technology Officer at year-end after more than a decade in the role, moving to Ripple’s board and remaining active in the XRP Ledger community. He revealed that he wants to spend more time with family while “not going away from the XRP community.”

Evernorth’s capital-markets blueprint is expansive. The company plans to use its war chest to accumulate XRP and to “actively grow XRP per share over time” by lending to institutions, providing market liquidity and deploying capital into XRP-based DeFi strategies.

The press release outlines complementary ecosystem initiatives—running XRPL validators, using Ripple’s RLUSD stablecoin as an on-ramp to XRP DeFi, and supporting projects across payments, capital markets and tokenized assets—framing Evernorth as both a treasury vehicle and a development catalyst. The company says Ripple will participate as a strategic investor, and that Ripple executives Brad Garlinghouse, Stuart Alderoty and David Schwartz are expected to serve as strategic advisors while Evernorth maintains independent governance.

For XRP’s institutional storyline, the architecture matters. By targeting an exchange listing under “XRPN” and explicitly eschewing a passive ETF wrapper, Evernorth positions itself as an active, yield-generating public company with a balance sheet anchored in XRP. If the deal secures shareholder and regulatory approvals, the parties are aiming to close in the first quarter of 2026, converting non-redeemed AACI Class A shares one-for-one into Evernorth shares at closing.

Schwartz’s phrasing—“here’s the start”—reads like a deliberate tell that his Evernorth role is only the first of multiple XRP-aligned ventures he plans to take on following his CTO transition. He has already confirmed he will remain engaged with XRPL and Ripple at the board level; today’s advisory post adds a capital-markets dimension to that presence.

At press time, XRP traded at $2.42.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image from YouTube, chart from TradingView.com

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

BNB Falls 3.3% as Market Shakeout Cuts Through SupportThe sell-off was fueled by heavy selling pressure, with trading volume surging 87% and algorithmic trading triggering a cascade of sell orders Oct 21, 2025, 12:03 p.m.

BNB, the native token of the BNB Chain that’s also used for discounts on Binance fees, dropped 3.3% in the past 24 hours, falling from $1,117 to as low as $1,063 before stabilizing just below $1,080.

The sell-off erased recent gains and cut through key technical levels, according to CoinDesk Research's technical analysis data model. Trading volume surged 87% above its 24-hour average during the decline.

The price action followed a sharp drop in bitcoin BTC$108,222.79 and other cryptocurrencies and reflected a wider retreat in crypto markets as the market flushed off excess leverage. The wider market, as measured via the CoinDesk 20 (CD20) index, is down 2.74%.

The downturn gained momentum as algorithmic trading systems kicked in, triggering a cascade of sell orders that pushed prices lower. When demand finally caught up, BNB found tentative support around the $1,070 mark.

Attempts to bounce back were weak. Price stalled near $1,075, where selling resumed, keeping BNB locked in a narrow range. On shorter-term charts, momentum indicators have eased but not reversed, and buyers remain hesitant to commit without a clearer trend.

Whether this level holds could determine if the move was a one-off capitulation or the start of a deeper correction. For now, traders are watching $1,070 as a key support level.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Crypto Markets Today: Bitcoin, Ether Drop as Selling Pressure Returns

Bitcoin and Ethereum fell sharply Tuesday, erasing weekend gains as traders assessed whether the market’s bounce formed a lower high.

What to know:

Bitcoin dropped to $107,800 and Ether to $3,867, reversing recent recoveries and approaching levels that could test October lows near $103,700.Futures open interest rose to $26 billion, while funding rates turned neutral to positive. Options data show traders paying a steep premium for upside exposure, signaling expectations of increased volatility.Despite Upbit and Bithumb listings driving temporary spikes in smaller tokens like SynFutures (F) and ZORA, most altcoins faced steep declines, with CAKE and ETHFI sliding about 10%.Read full story

SpaceX has transferred 2,485 BTC (≈$268.5 million) to two new wallet addresses after three months of inactivity.

Bitcoin has swung wildly in recent weeks, with volatility returning this month following a quiet summer and traders suddenly braced for a 2026 bitcoin price shock.

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The bitcoin price has dropped around 15% since hitting an all-time high of $126,000 despite Tesla and SpaceX billionaire Elon Musk breaking his silence on bitcoin.

Now, as analysts warn of an “imminent dollar and financial crisis," Elon Musk’s rocket company SpaceX has moved almost $270 million worth of bitcoin, setting alarm bells ringing as crypto watchers ask if he’s "planning to sell."

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Forbes‘It’s Game Over’—‘Imminent’ Fed U.S. Dollar ‘Crisis’ Predicted To Spark Bitcoin Price Tipping Point As Gold Soars

Elon Musk, cofounder of Tesla and SpaceX, is closely watched by bitcoin and crypto traders due to his ability to move the bitcoin price and crypto markets.

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“SpaceX is moving bitcoin to new wallets, are they planning to sell,” investor and commentator Mario Nawfal asked on X.

SpaceX moved almost 2,500 bitcoin to several wallet addresses that remain unmarked on the platform, according to data from Arkham Intelligence, with the platform also showing this was the first change to SpaceX’s total bitcoin holdings since June 2022 when it is believed to have reduced its bitcoin holdings by around 70%.

SpaceX is thought to hold just over 8,000 bitcoin worth around $900 million, while Tesla holds just over 10,000, worth $1.2 billion.

In 2022, Musk sold most of the bitcoin his electric car company Tesla had bought just over a year earlier, causing the bitcoin price to briefly plummet and sending shockwaves through the crypto market.

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ForbesStark Fed ‘Shock’ Warning Issued As Bitcoin Braces For A $6.6 Trillion Price FlipBy Billy Bambrough

The bitcoin price has dropped back from its all-time high of around $126,000 per bitcoin.

Forbes Digital Assets

Last week, Musk, who has said his new political party would support bitcoin over the U.S. dollar, praised bitcoin for being "based on energy" and agreed the bitcoin price has soared amid dollar "debasement" designed "to fund the AI arms race."

"AI is the new global arms race, and capex will eventually be funded by governments (U.S. and China). If you want to know why gold/silver/bitcoin is soaring, it’s the 'debasement’ to fund the AI arms race," the ZeroHedge X account posted, adding: “But you can't print energy.”

Musk responded, saying: “True," and adding: "That is why bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.”

Proposed by Anza, a developer of Solana's dominant node software client Agave, the SIMD-0266: Efficient Token Program update is set to bring radical improvement to token operations on Solana (SOL) blockchains. Compared to existing SPL architecture, it might reduce resource usage by 200x.

98% less resource usage: Meet SIMD-0266: Efficient Token Program upgradeSIMD-0266: Efficient Token Program, one of the most crucial Solana improvement proposals of 2025, is expected to be a breakthrough in the efficiency of token creation on Solana (SOL). As explained by Anza, Solana's infrastructure company and proposal author, the compute resources economy might reach 98%.

1/ SIMD-0266: Efficient Token Program, authored by @0x_febo, propose replacing the current SPL token program with a new compute optimized version called p-token. The upgrade will reduce Token program CU usage by up to 98%. Here’s how it works 🧵 pic.twitter.com/5ASETDEYqu

— Anza (@anza_xyz) October 20, 2025 Currently, 10% of block compute units are spent on token program instructions. Designed to replace the SPL standard, p-token will free nearly 12% of block space for other transactions, which, in turn, will enlarge Solana's effective transaction throughput.

Namely, new types of instructions will be added to handle more complex DeFi structures, saving the blockchain compute unit spending:

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New instructions like Batch and UnwrapLamports further reduce compute for common DeFi patterns, allowing multiple token ops per CPI and removing the need for temporary native accounts. Programs can now execute complex flows far more efficiently.

Equipped with 100% backward compatibility, p-token introduction will be a drop-in upgrade: no changes will be expected for existing SPL tokens.

This, in turn, will pave the way for bigger resource allocations for new blocks, with a faster and better performing Solana (SOL) as the endgame goal.

Solana (SOL) up for crucial Alpenglow upgrade in early 2026Solana (SOL) community enthusiasts are welcoming the new design, highlighting that it will unlock previously unseen opportunities for decentralized finance here.

As covered by U.Today previously, Solana (SOL) is incing closer to its Alpenglow upgrade. Slated for early 2026, it is set to retire proof of history and replace it with a more efficient consensus scheme.

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The security, performance and speed of Solana (SOL) blockchain will experience a massive boost.

Blockchain Is Breaking Orbit: The Rise of Decentralized Space (Photo by SpaceX via Getty Images)

Getty Images

From Bitcoin’s first space transaction to tokenized lunar domains, blockchain is powering a new decentralized space race that makes access and ownership universal.

When I was a kid, I wanted to be an astronaut. I dreamed about floating in zero gravity, watching Earth spin beneath me, and maybe one day walking on the moon. While I never made it to space, life came full circle later while at AWS, when I worked with a partner who helped Rover get to Mars.

That experience reminded me that there are many ways to explore new frontiers, and today, one of the most exciting isn’t through rockets but through code. Blockchain, the technology that started with digital money, is now expanding into orbit.

Space has always captured human imagination. For decades, it was the realm of governments, billionaires, and aerospace giants.

Now a quiet revolution is bringing it within reach of everyone. Blockchain is moving beyond finance and into orbit, building a foundation for a decentralized space economy.

What Is Decentralized Space? Decentralized space is the merging of blockchain with space exploration. It uses smart contracts, tokenization, and decentralized governance to open participation in the space economy to anyone with a digital wallet.

Instead of relying on a few large institutions, decentralized space allows communities, creators, and investors to co-own and co-govern assets such as satellites, payloads, or even lunar missions. It brings transparency and inclusivity to a domain that has long been exclusive, creating an open network where access and ownership extend beyond Earth.

It merges space technology with Web3 principles of transparency, inclusivity, and verifiable ownership which creates an open network where anyone can contribute to humanity’s journey beyond Earth.

According to PWC, Space will be the first new trillion-dollar asset class of the 21st century and the first that can exist natively on-chain.

Why Is Decentralized Space Linked to Bitcoin?The roots of decentralized space trace back to Bitcoin. In 2019, SpaceChain launched its blockchain node into orbit aboard a SpaceX Falcon 9 rocket. That node enabled Bitcoin multi-signature transactions from space, marking the first-ever blockchain and Bitcoin transaction in orbit. Bitcoin just recently hit an All Time High and then went down again, much like rocketships do!

The roots of decentralized space goes back to bitcoin. (Photo illustration by Dan Kitwood/Getty Images)

Getty Images

That milestone proved that blockchain could function off-planet and be independent of terrestrial infrastructure. It inspired a wave of projects exploring how digital assets and decentralized systems could support future space missions.

What began with Bitcoin has now expanded into a full ecosystem, where tokens, domains, and smart contracts connect people to space in ways never before possible.

Three pioneering projects are leading this transformation

SpaceCoin is creating a blockchain infrastructure that works through satellites.Copernic Space is tokenizing space assets and digital domains linked to lunar missions.The Open Network, or TON, the blockchain behind Telegram, is enabling on-chain voting for real astronaut seats on a Blue Origin flight.Together, they show how the future of space can be shared by many.

SpaceCoin and DePIN, Not Just Bitcoin, in OrbitSpaceCoin’s vision is simple but radical. It aims to create a network of satellites that transmit blockchain transactions directly through space instead of relying on Earth’s internet. In a recent test, SpaceCoin successfully transmitted data between continents through satellite link alone. That data was not just a signal; it was a blockchain record sent across orbit.

This idea belongs to a new category called Decentralized Physical Infrastructure Networks, or DePIN. These projects use blockchain to power real-world infrastructure rather than purely digital systems. SpaceCoin’s network could serve remote regions, censored areas, and space-based devices that need secure communication without dependence on terrestrial internet.

SpaceCoin at Token 2049 showing how DePIN works even in Space.

Sandy Carter

The implications are enormous.

In chatting with Taekyung Oh, Founder and CEO of SpaceCoin, at Token 2049, he told me that “Space is the ultimate decentralized frontier. With DePIN, we are turning satellites into nodes of a global network where connectivity, computation, and coordination happen beyond borders and even beyond Earth.”

If blockchain can operate from orbit, transactions, identities, and governance systems become independent of Earth’s limitations. A space-based blockchain could enable global connectivity, resilient to censorship or natural disasters, and ready for the era of interplanetary communication. The challenges remain significant such as satellite costs, regulatory issues, and reliability, but the concept of a blockchain that literally reaches for the stars is no longer science fiction.

Taekyung Oh, Founder and CEO of SpaceCoin, on stage at Token 2049

Sandy Carter

From Bitcoin to the Moon: Copernic Space and the Tokenized Space EconomyIf SpaceCoin provides the infrastructure, Copernic Space brings ownership and the financial infrastructure that powers this new economy. Connecting real-world space assets to global capital markets through blockchain technology, the company is pioneering the tokenization of missions, payloads, and even digital identities to transform how space assets are represented, financed, and traded.

Did you know that Copernic Space partnered with SpaceChain to create a commercial marketplace for tokenized space assets? This partnership built on SpaceChain’s earlier work proving that blockchain starting with Bitcoin that could operate off-planet.

And recently, in collaboration with Unstoppable Domains (my employer), Copernic launched the .LUNAR domain extension, the first domain to be tied to real space missions. Each .LUNAR badge will be sent to the Moon on a scheduled mission in 2026-2027. That makes every domain a tokenized real-world asset linked to space. Owning one means holding a verified piece of digital identity that will literally travel beyond Earth.

Copernic Space has already demonstrated how this model works in practice. Its already commercialized rockets and its first Moon Mission earlier this year sold out with over 2,000 tokenized payloads of individuals and companies landing on the Moon, generating revenue and delivering returns to early participants.

Grant Blaisdell, CEO of Copernic Space, is a pioneer in Decentralized Space.

Copernic Space

In chatting with Grant Blaisdell, CEO of Copernic Space, he told me that “decentralization gives space back to humanity. For the first time, people everywhere can own a small but meaningful stake of what happens beyond Earth. By combining blockchain with space missions and ventures, we are creating a transparent, participatory ecosystem where the next great discoveries belong to everyone, not just a few institutions.”

Copernic describes itself as a marketplace for buying, selling, and investing in tokenized space ventures. This model opens the door for individuals to participate in the space economy through blockchain-based ownership. The idea is to turn space into an open and accessible market that anyone can take part in. It redefines how we think about digital property. Instead of owning a website, you might own a domain that represents a payload on a rocket, a satellite, or a lunar mission.

But this goes beyond collectibles. By allowing fractional ownership of real missions and infrastructure, Copernic Space makes participation in the space economy more transparent, liquid, and inclusive. While regulations around space ownership are still evolving, the shift is already underway.

For the first time, space is becoming a market that belongs to everyone, not just governments and large corporations.

TON, SERA, and the New Space Democracy.
While SpaceCoin builds infrastructure and Copernic focuses on assets, TON is opening direct access to space. The TON Foundation, the organization behind the blockchain that powers Telegram, has partnered with the Space Exploration and Research Agency (SERA) to launch Mission Control.

This program uses blockchain to select real civilian astronauts for a Blue Origin flight through an on-chain voting system.

SERA has secured six seats on the upcoming New Shepard mission, planned for 2026. Five are reserved for citizens from underrepresented countries such as India, Nigeria, Brazil, Thailand, and Indonesia.

The sixth seat will go to a global participant chosen through voting on the TON blockchain. Participants use the TON wallet integrated in Telegram to earn points and cast votes. Every vote is recorded on-chain for transparency and fairness.

Max Crown, President and CEO of TON Foundation, a pioneer in the next generation of decentralized space.

Max Crown

"SERA isn’t another crypto project launch, it’s truly a one-of-a-kind initiative. It feels more like an experiment in what happens when crypto collides with an experience-driven, participatory culture," said Max Crown, President and CEO of TON Foundation. "They’re literally putting people into space, and if you’ve got Telegram and a Wallet, you can be part of it. It’s wild. I’ve always believed that people don’t connect with how tech works. They connect with what it does, and how it makes them feel. That’s what matters. We’re not talking about using tech to change lives. We’re actually doing it. This is the moment blockchain shifts from just being technology to becoming an experience."

This initiative is historic. It marks the first time that blockchain technology will directly influence who gets to travel to space. Instead of government committees or corporate sponsors, access is being opened to a global audience. TON calls it “space democracy,” where users earn their chance to go to space by participating in a transparent, tokenized process.

The significance goes beyond one mission.

It demonstrates how blockchain can extend inclusion from financial systems to space exploration. TON’s integration with Telegram gives it a vast audience, bringing the dream of space closer to billions of people. It is not just about technology; it is about participation.

What’s Ahead for Decentralized Space With Bitcoin And Blockchain?
The path forward is not without obstacles. Regulation remains the biggest unknown.

Questions about who governs tokenized lunar assets or how liability works in orbit have no clear answers. Technical hurdles such as satellite lifespan, launch cost, and communication latency will test every innovation.

Market adoption also depends on proving real utility beyond hype.

There are ethical questions as well. Space must not become another venue for inequality or exploitation. If blockchain opens space participation, it must do so fairly and sustainably. The emerging industry will need to balance ambition with responsibility.

Despite the challenges, the direction is unmistakable.

The space economy is expanding rapidly, and blockchain is becoming part of its infrastructure. SpaceCoin, Copernic Space, and TON are demonstrating how decentralization can make the final frontier more open and inclusive.

This matters because it signals a shift in power and possibility. The same technologies that once made finance more inclusive are now doing the same for exploration and discovery.

As these projects evolve, we may soon witness the first blockchain transaction from orbit, the first domain that lands on the Moon, and the first astronaut chosen entirely by a decentralized vote.

The gap between cyberspace and outer space is closing. The blockchain and bitcoin revolution has officially left Earth’s orbit.

Hyperscale Data revealed that the value stored in its Bitcoin treasury now represents around 66% of the company’s total market capitalization based on the previous closing stock price.

Summary

Hyperscale Data’s Bitcoin holdings have reached around 150.21 BTC ($16.3 million) through mining and open-market purchases, with $43.7 million in additional funds.
The company aims to build a $100 million Bitcoin treasury, equivalent to 100% of its market capitalization, reporting weekly progress. So far, it has managed to make it into the top 100 public companies ranked by Bitcoin holdings.

According to a press release shared by the company, the firm’s Bitcoin treasury holds assets and funds to be allocated for purchases amounting to approximately $60 million. The company claims that this amount represents about 66% of the company’s total market cap, which is stated as $75 million according to Bitcoin Treasuries.

As of Oct. 19, the company’s Bitcoin (BTC) treasury subsidiary Sentinum reportedly held about 150.21 Bitcoin ($16.2 million). This amount consists of Bitcoin acquired from mining operations, which is 32.632 BTC or equal to $3.52 million, as well as Bitcoin purchased from the open-market.

So far, the company has purchased as much as 117.58 BTC. Its latest purchase took place during the week of Oct. 19, when the firm bought 15.88 BTC. Based on the Bitcoin closing price of $108,666 on October 19, 2025, these holdings were valued at approximately $16.3 million.

Hyperscale Data’s total Bitcoin holdings have reached $60 million in value | Source: Bitcoin Treasuries
Moreover, the company claims to have allocated around $43.7 million in corporate funds for Sentinum to buy more Bitcoin on the open-market. The company stated that it plans to keep investing funds using what it calls a “measured dollar-cost averaging approach” that aims to limit the impact of market fluctuations while also increasing the value of its long-term reserve holdings.

“Volatility in Bitcoin’s price has provided meaningful opportunities to build our position methodically and at favorable long-term averages,” said Executive Chairman of Hyperscale Data Milton “Todd” Ault III in his statement.

Hyperscale Data’s plan to hold 100% of its market cap in BTC
Hyperscale Data stated that it will continue acquiring more Bitcoin to fulfill its long-term goal of building up a Bitcoin treasury with a value that matches 100% of its market capitalization. As part of its broader digital asset treasury strategy, it aims to stockpile as much as $100 million worth of Bitcoin from open-market purchases and self-mined BTC.

“Hyperscale will continue to issue weekly reports every Tuesday morning detailing its Bitcoin holdings as it advances toward its $100 million DAT target,” said the firm in its official statement.

According to data from Bitcoin Treasuries, Hyperscale Data has only been acquiring BTC for less than a month. It started holding BTC in September 23 of this year. So far, its Bitcoin holdings have reached 130.8 BTC or equal to $14.18 million. With an average cost of $115,460, the company has accumulated a loss of about 6.02% after the value of Bitcoin plummeted below $110,000.

Compared to larger and more established Bitcoin treasury companies like Strategy, Metaplanet, Tesla and Galaxy Digital, it still has a long way to go. However, it has managed to make it into the top 100 public companies that hold Bitcoin despite its late start. Bitcoin Treasuries has ranked Hyperscale Data in 98th place with 131 BTC, beating Mac House and Bitcoin Depot.

At press time, Bitcoin has dropped 2.5% in the past 24 hours, continuing its downward trend of 2.75% within the past week. The largest cryptocurrency by market cap is currently trading hands at $108,153 as it attempts to climb back up to the $110,000 threshold.

Bitcoin ( BTC) briefly dropped to $107,460 on Oct. 21, erasing recent gains and pushing weekly losses to nearly 3%. SpaceX's $270 Million Treasury Transfer In the early hours of Oct. 21, bitcoin ( BTC) briefly dropped to $107,460 before recovering above $108,000.