Changpeng Zhao (CZ), the founder of the crypto exchange Binance, has reinforced his stance that he's a fan of major cryptocurrencies like XRP, Zcash (ZEC), and Solana (SOL). It's in the wake of a controversy arising over Solana's aggressive attempts to expand in China.
The former Binance CEO made it known in a recent post on X that he's a fan of blockchain adoption irrespective of the cryptocurrency or network.
"I'm always supportive of any blockchain making any progress in any country," CZ said.
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He listed Bitcoin (BTC), Ethereum (ETH), BNB, XRP, SOL, HYPE, ZEC, SIGN, and stablecoins as the digital assets that he's bullish on.
The comments came as Solana's ambitious move to expand in Shanghai hit an unforeseen roadblock, with speculation that CZ's previous public statements may have led to the current controversy.
CZ reacts to Solana controversy in ChinaSolana became a topic of interest early this week after it made public its new office in Shanghai, in addition to its massive advertising campaign in the city.
CZ at first showed excitement over the development. He implied that Solana's advertisement and physical presence in Shanghai could be a gateway for other blockchain projects.
Furthermore, CZ pointed out that developments like this might be a sign that China could be loosening its crypto restrictions.
However, things didn't quite go as planned, as Solana's planned event at Shanghai's Shangri-La Hotel was postponed on October 16.
It was reported that people at the event found themselves facing law enforcement authorities. The organizers, on the other hand, said that the event was postponed due to logistical reasons. Solana Foundation's President, Lily Liu, later shared that there was a sudden 4x spike in registrations, which exceeded the number of people they had filed with local authorities to attend.
The event led some people on social media to speculate that CZ's previous comments on Solana's expansion may have caught the attention of the Chinese authorities.
CZ, however, denied those claims. He pointed out that in Shanghai, the Solana advertisement on a building was taken down reportedly within 10 minutes.
He reiterated that his post on X couldn't have led to the advertisement being pulled down, as he became aware of the advertisement only 12 to 24 hours after it was already out there.
Solana’s blockchain network is set to enhance its transaction processing capabilities, according to a recent update from Grayscale. The network currently processes approximately 1,400 transactions per second and is anticipated to reduce transaction finality to 150 milliseconds following an upcoming upgrade. This development, known as Alpenglow, aims to improve Solana’s efficiency without altering its transaction execution or fee structure. The news has been circulating among market participants, suggesting a potential positive impact on Solana’s market perception and price trajectory.
Key Takeaways
Market activity suggests participants view Solana’s transaction speed improvement as potentially supportive of increased price expectations.
The upgrade, Alpenglow, aims to drastically reduce transaction finality time, which could attract more users and bolster network utility.
Current market pricing indicates a moderate probability of Solana achieving higher price targets in the near term.
What to Watch
Observers should monitor the successful activation of the Alpenglow upgrade and its impact on Solana’s performance metrics. Any delays or issues could affect market sentiment and pricing scenarios. Additionally, the broader cryptocurrency market conditions and regulatory developments will play a crucial role in shaping Solana’s price movements in the coming weeks. Markets will be particularly attentive to any announcements from key actors such as Solana Labs and potential regulatory changes from the U.S. Securities and Exchange Commission.
Changpeng Zhao, also known as CZ, who founded the leading cryptocurrency exchange Binance, has reiterated his positive outlook on major cryptocurrencies including XRP, Zcash (ZEC), and Solana (SOL), amid controversy over Solana’s expansion efforts in China.
CZ voices support for blockchain adoptionCZ stated on X that he remains an advocate for the advancement of blockchain technology regardless of the country or network involved. He emphasized his support across a broad range of digital assets, naming Bitcoin (BTC), Ethereum (ETH), BNB, XRP, SOL, HYPE, ZEC, SIGN, and several stablecoins as projects he remains optimistic about.
He wrote that he consistently supports any blockchain project making progress in any jurisdiction. This position comes at a time when interest in blockchain innovation in China continues to attract global attention.
“I’m always supportive of any blockchain making any progress in any country,” CZ conveyed on X, highlighting that he is bullish on several established and emerging cryptocurrencies.
Solana’s Shanghai event postponedThe recent discussions followed Solana’s ambitious plans to establish a stronger presence in Shanghai, which encountered an abrupt obstacle. The project’s scheduled event at the Shangri-La Hotel on October 16 was postponed after an unexpected surge in registrations led to complications with local authorities.
On the day of the event, attendees reportedly faced intervention by law enforcement. Organizers explained that logistical challenges—specifically, a fourfold increase in registrants compared to those previously reported to authorities—necessitated the last-minute postponement.
Lily Liu, President of Solana Foundation, addressed the incident, attributing the postponement to overregistration. The spike in interest surpassed expectations and exceeded the numbers approved by local authorities, highlighting the level of demand for blockchain-related gatherings in the city.
Mini dictionary: Solana Foundation, an independent organization responsible for the development and growth of the Solana blockchain ecosystem, supports educational initiatives, events, and partnerships worldwide to advance decentralized technology.
CZ addresses speculation over Chinese authoritiesSome observers speculated on social media that CZ’s previous encouragement for Solana’s expansion may have alerted Chinese regulators, potentially contributing to the event’s disruption and the removal of Solana advertisements from public spaces in Shanghai.
CZ responded to these rumors directly, clarifying that he had no involvement in the removal of Solana’s building advertisement in Shanghai. According to his account, the digital billboard was taken down within 10 minutes of its display but his public comments were made at least 12 to 24 hours after the advertisement first appeared, making any direct connection unlikely.
He reiterated that his awareness of the Solana advertisement only came several hours after it was already in place, ruling out any suggestion that his comments triggered its removal.
Despite setbacks for the Solana event in Shanghai, CZ continued to emphasize his enthusiasm for blockchain adoption and developments worldwide. He maintained that broader engagement in the sector is positive for the future of crypto, regardless of jurisdiction or region.
Circle has minted roughly $750 million worth of USDC on the Solana blockchain over the past 24 hours, increasing Solana’s native USDC supply to a range between $7.3 billion and $7.45 billion. The move injects additional dollar-denominated liquidity into Solana, which remains one of the most active layer-1 blockchains in the industry.
Surge in Solana Activity and Stablecoin IssuanceData from DefiLlama, referencing Solana’s SPL token contract tracked on Solscan, confirms the significant uptick in newly minted USDC. The tokens being created natively, as opposed to being bridged from other chains, underline direct demand from within the Solana ecosystem.
Solana’s transaction volume has climbed to over 420 million this month, signaling continued growth in network throughput and utility. The USDC supply on Solana is seen as a key indicator of market liquidity, often reflecting increased demand from institutional clients and market makers seeking on-chain dollar assets.
Circle, based in Washington, D.C., acts as both the issuer and redeemer of USDC tokens across multiple chains, including Solana. Its role has become more prominent as demand for stable, dollar-pegged assets on high-speed blockchain platforms grows.
Implications for DeFi and Institutional UsersOver the course of 2026, Circle’s cumulative gross USDC issuance on Solana has reached about $68.26 billion, with a recent weekly pace around $3.5 billion. This sustained activity points to a pattern of recurring and robust demand rather than a single event, even as not all USDC immediately enters circulation.
For decentralized exchanges, market makers, and DeFi protocols operating on Solana, a larger USDC pool enhances liquidity, narrows spreads, and can boost lending markets. Investors track these inflows alongside key indicators such as total value locked, DEX volume, and stablecoin market share to assess market trends.
Developers using Solana benefit from the greater availability of USDC, which supports building payment, treasury, and other tools requiring dollar stability, all while remaining within the Solana environment.
Broader Ecosystem ContextStakeholders such as traders and arbitrageurs may find improved execution and arbitrage opportunities between Solana-based venues and centralized platforms. Institutional users are provided with evidence of Solana’s ability to process large, stablecoin-denominated flows, a factor that could gain relevance as tokenization of real-world assets grows.
Exchanges have also reported elevated deposit and withdrawal activity involving USDC on Solana, while regulatory attention remains focused on issues of reserve transparency, redemption rights, and operational integrity. Circle’s multi-chain vision positions USDC as a core interoperable asset, with Solana remaining a competitive venue against other networks like Ethereum and BNB Chain for hosting significant dollar liquidity.
Complementing this increase in stablecoin supply, current market dynamics have highlighted the importance of monitoring on-chain trends such as real-time capital flows and investor behavior. In particular, within the meme token market, an internet sensation can rapidly turn into substantial financial activity. Fomo App recently documented a $99 trade in “Niu Lai” that swelled to about $370,000, underlining the speed and unpredictability of these markets. As a result, tracking not just price movements but also timing and token selection by investors has become essential for both professionals and retail participants. Fomo App centralizes token discovery, trade notifications, investor rankings, and social feeds, simplifying access for those seeking insights in this fast-moving ecosystem.
Industry analysts are monitoring Solscan flows and DefiLlama stablecoin charts to track where the newly minted USDC is being deployed. If this momentum translates into increased decentralized exchange activity and lending volumes, Solana could become a model for regulated stablecoin adoption at scale, reinforcing best practices in transparency and cross-chain liquidity management.
USDC Solana supply is a key signal for liquidity conditions in crypto markets. When issuers mint at scale, it often reflects institutional or market-maker demand for on-chain dollars that can be deployed as collateral, trading balances, or payment rails within the USDC Solana ecosystem.
Solana is preparing to activate Alpenglow, a major overhaul of its consensus layer, on mainnet-beta during epoch 1064. That epoch is expected to begin on Wednesday, October 21, 2026, near 15:00 UTC.
The change replaces the network’s longstanding TowerBFT voting system with a new protocol called Votor and aims to shrink the time required for a transaction to become irreversible from roughly 12.8 seconds to about 150 milliseconds—an improvement the Solana Foundation describes as approximately 99 percent faster.
Under the current design, validators cast votes by submitting on-chain transactions, and a block reaches finality only after sufficient votes accumulate across 32 slots.
Alpenglow discards that approach.
Validators instead exchange votes directly with one another and aggregate those votes into certificates.
A block can finalize after a single round if 80 percent of stake agrees, or after a second round at a 60 percent threshold.
The result is deterministic finality on a sub-second timescale rather than the multi-slot confirmation process used today.
The protocol is also engineered to remain live even when up to 20 percent of stake acts maliciously and another 20 percent is offline.
Importantly, the upgrade does not alter transaction execution.
The Solana Virtual Machine, program behavior, transaction formats, and fee mechanics remain unchanged.
Ordinary users and most application developers therefore require no action; wallets and dApps continue to function as before, with the practical difference that settlement becomes nearly immediate.
Infrastructure providers that stream block data, however, must adapt.
Vote transactions disappear from blocks entirely, which will sharply reduce headline transaction counts and reported throughput figures even if actual user activity stays constant.
Streaming interfaces such as Geyser also gain a bank identifier so consumers can handle the possibility of multiple candidate blocks within a single slot, and Proof of History ceases to pace block production.
The rollout is staged.
Votor, the voting and finalization component, ships with the Agave 4.3 client and constitutes the October 21 activation.
Rotor, a later phase that would replace the Turbine block-propagation mechanism with a single-relay design, remains unscheduled.
The upgrade has already operated on public testnet and on devnet, where it activated in late September.
Mainnet migration follows a carefully sequenced handoff on a live network: a feature gate activates at the epoch boundary, TowerBFT continues for roughly the first 5,000 slots, blocks temporarily stop carrying user transactions, validators form an Alpenglow genesis certificate once 82 percent of stake agrees, and consensus then transfers to Votor.
Anza, the team responsible for the Agave client, has characterized the effort as 18 months of preparation culminating in a one-slot switch.
Validator operators face two concrete requirements before the epoch begins.
They must run an Agave-based client (Agave, Jito-Solana, or Harmonic Salsa) built on version 4.3.0; Firedancer and Frankendancer are not supported during the migration window.
In addition, each vote account must hold at least 0.8 SOL above its rent-exempt minimum to cover a new per-epoch Validator Admission Ticket fee that replaces the prior on-chain vote fees.
Failure to meet the balance means the validator cannot vote or produce blocks in the following epoch.
Collectively, these changes represent the largest modification to Solana’s core consensus machinery since the network’s launch.
By moving votes off-chain, accelerating finality, and preserving the execution environment, Alpenglow is intended to deliver a more responsive network while keeping the developer and user experience largely continuous. Real-world performance will of course depend on live network conditions once the switch occurs.
Tokenized stocks have reached a record high with their total market capitalization climbing to $4 billion, representing an 831.8% surge over the past year, according to Token Terminal. This substantial growth underscores mounting interest in blockchain-based versions of traditional equities.
BNB Chain Leads Sector in Tokenized Stock Market CapBNB Chain tops the sector, holding $1.5 billion in tokenized stock value, making it the current market leader among blockchain platforms offering tokenized equities. Ethereum follows with $842.4 million and Solana reports $732.2 million. Avalanche and X Layer hold smaller market shares at $291.8 million and $260.2 million, respectively.
These figures highlight the competitive landscape among blockchain networks seeking to become essential infrastructure for financial applications. BNB Chain’s dominance illustrates the growing adoption and utility of tokenized financial assets.
BlockchainTokenized Stock Market CapBNB Chain$1.5 billionEthereum$842.4 millionSolana$732.2 millionAvalanche$291.8 millionX Layer$260.2 millionDespite the growth in value, increased activity in tokenized stocks does not automatically convert to higher demand for BNB tokens. Analysts focus on network activity and transaction fee volumes to gauge any direct impact on BNB price.
BNB Price: Technical Outlook After Rejection Near $800BNB, the native token of BNB Chain, is currently trading near $730 after encountering resistance close to the $800 mark. According to crypto analyst Don, this price activity is linked to a technical falling wedge pattern developing in the daily chart.
The falling wedge is characterized by a series of lower highs and lower lows, with the upper trendline acting as resistance near $800 and the lower boundary situated around $540. Analyst Don suggests that a confirmed breakout above the wedge’s upper trendline could validate a potential target of $1,601 for BNB. However, the coin remains below this critical resistance for now.
Mini dictionary: Falling wedge — A chart pattern often considered to signal a potential bullish reversal, where the price forms two downward-sloping trendlines converging towards each other. In technical analysis, a confirmed breakout above the upper trendline may indicate the end of a consolidation period and a move higher. However, it does not guarantee future performance.
Should BNB be rejected again at current levels, it may prolong the consolidation or result in another push towards $540, the wedge’s lower limit. Breaching this lower trendline would potentially invalidate Don’s setup.
Analyst Don has noted that, “A breakout above the upper trendline could signal renewed bullish momentum, but a daily close above that level is crucial before aiming for the $1,601 target.”
Analysts caution that any price movement above $800 without sustained buying could result in a short-lived rally, rather than a confirmed trend reversal. Overall market conditions, sentiment, and liquidity will continue to influence BNB price developments.
Competition and Network Metrics Remain in FocusBNB Chain’s leadership in tokenized stock issuance highlights its growing role in digital finance. However, market observers point out that correlation between activity in tokenized stocks and BNB pricing is still unclear.
Key resistance at $800 and support at $540 remain the main technical barriers. A clear move above resistance may support Don’s forecast of $1,601, while a drop below support would signal a failed setup and further downside risk.
The ongoing competition among blockchains for tokenized stock trading reflects a wider push toward integrating blockchain infrastructure within financial markets.
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.
Crypto analyst Ali Martinez has identified concurrent Tom DeMark (TD) Sequential buy signals for XRP, Solana, Dogecoin, and Hyperliquid following the latest market pullback, raising expectations about a possible shift in price momentum for these major altcoins.
Multiple altcoins trigger buy signalsMartinez, known for his technical analysis in the cryptocurrency space, observed that several top altcoins are presenting potential local bottoms on their charts. On October 15, 2026, new TD Sequential buy signals appeared for XRP, Solana (SOL), Dogecoin (DOGE), and Hyperliquid (HYPE)—all following notable declines in recent trading sessions.
For XRP, the price currently displays a confluence of buy setups, including a Sequential 13, a TD 9, and an Aggressive 13, according to the analyst’s review of the recent trading activity. This clustering may indicate that selling pressure is subsiding and a local bottom could be forming if buyers return to the market with strength.
XRP faces initial upside targets at $1.40, with additional resistance expected near $1.50 should buy-side interest increase at these levels.
Solana, Dogecoin, and Hyperliquid outlookSolana is currently challenging the $100 price zone after registering a fresh TD Sequential buy signal on its daily chart. Historically, a late September sell signal on SOL accurately forecasted a subsequent correction of approximately 14%. The newly emerged buy set-up may support a rebound toward $111, with further resistance anticipated around $120 if buying momentum strengthens.
Dogecoin has moved back to the critical $0.080 support, where its daily TD Sequential has flashed a buy signal as well. Maintaining this support is key; if achieved, DOGE could rise toward the $0.087 mark, followed by resistance near $0.094.
Hyperliquid, abbreviated as HYPE, trades close to $80 as it presents a new buy signal according to TD Sequential analysis. A similar setup triggered on October 1 led to a nearly 11% rally for HYPE. A comparable move could send the token to $86, with the next resistance area forming around $93.
Mini dictionary: Tom DeMark TD Sequential, a popular technical indicator that aims to identify trend exhaustion and potential reversal zones in asset prices using sequential price bar patterns.
Market reaction remains uncertainMartinez emphasized that while four large-cap altcoins have simultaneously flashed buy signals, positive market follow-through is necessary to confirm a sustainable rebound. The signals alone do not guarantee upward price action without sustained buying volume or stronger investor conviction benefiting the respective support levels.
Technical buy signals point toward a potential bottom, but only active demand and increased trading volumes can validate the reversal scenario.
The broader crypto market has experienced a tentative recovery following an inflation-driven downturn, putting these four digital assets under heightened scrutiny from traders and investors watching for confirmation of any price reversal. Whether these technical setups translate into extended rallies or face renewed selling remains an open question.
AltcoinSupportFirst TargetSecond ResistanceXRPCurrent zone$1.40$1.50Solana$100$111$120Dogecoin$0.080$0.087$0.094Hyperliquid (HYPE)$80$86$93Investors are closely following the technical signals and key price levels for signs of renewed strength or further losses in the wake of recent market volatility.
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.
Remittix brings PayFi, Markets, Wallet and Earn together ahead of the November RTX launch as Dogecoin and Shiba Inu traders target major memecoin recoveries. MAJURO, Marshall Islands, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Remittix has confirmed a connected four-product ecosystem built around PayFi, Remittix Markets, its mobile wallet and the forthcoming Remittix Earn service ahead of the November 24, 2026 RTX launch.
The ecosystem gives Remittix several routes to attract users and generate recurring activity. PayFi targets international transfers, Markets serves perpetual traders, the wallet provides the onboarding layer and Earn is designed to keep eligible crypto and stablecoin holdings active inside the platform. The announcement arrives as a bullish Dogecoin price prediction targets $0.50 and Shiba Inu holders chase a return to $0.00005.
Both memecoin forecasts depend on a major recovery in retail demand, while Remittix approaches the same market with products already moving through testing and live use. PayFi Sits at the Center of Remittix PayFi is the primary Remittix proposition, targeting the trillion-dollar global remittance opportunity. Eligible transfers can be funded with supported digital assets while fiat is delivered through compatible bank accounts.
One thousand invited RTX holders can test crypto-to-fiat and fiat-to-crypto transactions through EUR and USD routes. USDT and USDC are supported across Ethereum, Celo, Base and Polygon, with additional assets, networks and fiat currencies planned. The design can serve international workers, freelancers, suppliers and crypto holders seeking a simpler connection to everyday banking.
Markets, Wallet and Earn Expand the RTX Economy Remittix Markets is live with hundreds of perpetual pairs and over $50 million in volume. Its traders provide an existing audience for PayFi, wallet and Earn services. The iOS wallet has surpassed 10,000 downloads, while an Android edition awaits approval. A planned rebuild will integrate the product suite.
Remittix Earn is approaching release with advertised yields of up to 22% APY. Together, the four products can create activity through transfers, trading, wallet balances and earning. Dogecoin Price Prediction Targets $0.50 as SHIB Eyes $0.00005 Dogecoin recently traded near $0.08, placing a $0.50 target at more than six times its current value.
The bullish case depends on renewed retail participation, stronger market liquidity and DOGE recovering its role as the leading memecoin during the next speculative rotation. Shiba Inu recently traded near $0.000005, making $0.00005 a potential tenfold move. A recovery of that size would require stronger trading activity, sustained community demand and renewed attention across the wider Shiba Inu ecosystem.
DOGE and SHIB remain powerful community assets, but their next major rallies rely heavily on market sentiment. Remittix adds a utility-led alternative through PayFi and an ecosystem that already spans payments, perpetual trading, mobile access and planned earning products. Four Products Strengthen the Remittix Launch Setup Remittix is nearing $33 million raised from more than 40,000 participants toward its $36 million hard cap.
RTX is currently available at $0.28, while $0.46 is the announced final presale tier and planned minimum exchange launch price. With November 24 locked in, the remaining presale period gives buyers a final opportunity to enter before public trading begins. PayFi supplies the primary real-world use case, while Markets, Wallet and Earn broaden the routes through which users can enter and remain inside the RTX economy.
About Remittix Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.
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In BriefEthereum (ETH): ETH trades at $2,455 just below resistance near $2,490, with strong support around $2,310 and a daily close above $2,490 needed to open the way to $2,600.
Uniswap (UNI): UNI is stuck between $6.80 and $7.85 after a roughly 30% drop from its peak, and it needs a close above $7.85 to turn bullish.
Dogecoin (DOGE): DOGE trades at $0.0816 and is fighting to hold $0.0800, with resistance at $0.0860 and a close above $0.0925 needed to confirm a trend change.
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Shiba Inu (SHIB): SHIB trades at $0.00000514 below key resistance at $0.00000528, and holding the $0.00000500 level is critical to keep the pattern of higher lows alive.
Ethereum (ETH) Cools OffEthereum is cooling off after a strong September run, and it is now sitting at a key level. ETH trades at $2,455 after failing near $2,800 in late September. The price is just below the blue line at approximately $2,490, which has turned into resistance.
ETH/USDT Chart by TradingViewEarlier this week, ETH dipped to approximately $2,310 and bounced quickly. That area is where the orange line near $2,355 and the black 200-day line near $2,310 sit together, so buyers have a strong base there. Volume was high at the bounce, which shows real demand at that level. Sellers did not have enough strength to push the price lower, and the quick recovery shows that dip buyers are active.
The RSI is near 40, so momentum is soft but not extreme. There is room for a move in either direction.
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The first sign of strength would be a daily close above $2,490. That would put the blue line back below price and open the way to $2,600, where the green line and the recent lower highs sit. A move above $2,600 could bring the $2,700 area back into view.
The bearish case is also clear. A close below $2,310 could break the whole support zone at once, since the orange and black lines are stacked together there. In that case, ETH could slide toward $2,100, where it traded before the big August jump.
For now, ETH is in a pause. Support is strong, but resistance above is near, and the next couple of daily closes will show who has control.
Uniswap (UNI) Stuck in a Tight RangeUniswap has lost a lot of ground since its September peak, and now it is stuck in a tight range. UNI trades at $7.39, down from a high near $10.90. Over the last week, price has moved between $6.80 and $7.60 without a clear direction. It sits right at the blue line near $7.35, which has acted as both support and resistance in those sessions. The green line at approximately $7.85 is the next ceiling.
UNI/USDT Chart by TradingViewThe RSI is near 50, meaning neither buyers nor sellers are in control. After a drop of approximately 30% from the top, the market looks tired, and the small candles with long wicks show that traders are unsure.
The upside case begins with a close above $7.85. That would show buyers are taking back control and could open the way to $8.50, then the $9.00 area where UNI was rejected in early October. A full return to $10.00 would need a much stronger move and higher volume.
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The downside case needs attention too. Support under the range is far away. The orange line sits near $6.25 and the black 200-day line near $5.40. If UNI closes below $6.80, there may be little in the way until $6.25, so the move could be fast. A drop to that level could still keep the larger uptrend alive, since price would stay above both long-term lines.
UNI often follows ETH, so the Ethereum chart matters here too. If ETH holds its support, UNI has a good chance to stay in its range and try the upside. If ETH breaks down, UNI will likely fall faster. Until UNI leaves the $6.80 to $7.85 range, traders are waiting for a clear signal.
Dogecoin (DOGE) Fights to Hold $0.0800 Dogecoin is trading at $0.0816 after a rough start to October. The coin was rejected near $0.1060 in late September, and the black 200-day line around $0.0925 capped every attempt to push higher. Once that failed, DOGE slid below the orange, blue and green lines, and they all now sit above price as resistance.
DOGE/USDT Chart by TradingViewThe new dip reached about $0.0777 before buyers pulled price back above $0.0800. That day came with the highest volume in weeks, and the long lower wick shows that sellers ran out of energy for the moment. It is a good sign, but one candle does not change the trend. Today's candle is small, and price remains under every moving average.
The RSI is around 45, so momentum leans toward sellers without being oversold. There is room to fall before the market looks stretched.
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The first task for buyers is to defend $0.0800. This area held in mid-September and once more this week, so it is the bottom of the current range. A close below it would put the $0.0777 wick low in play, and under that, the $0.0750 area becomes the next stop.
For a recovery, DOGE needs to climb back above the orange line near $0.0860. That is the first real test, since the blue and green lines sit just above it at $0.0870 and $0.0875. These averages are packed close together, so they might act as one wall. Breaking through would take a strong-volume day.
Until then, DOGE looks like a coin in a pause. Bounces keep getting sold under $0.0860, but dips keep getting bought near $0.0800, so the range holds.
Shiba Inu (SHIB) Wants $0.00000500 BackShiba Inu trades at $0.00000514 after a sharp drop earlier this month. The coin reached $0.00000627 in late September, then failed at the black 200-day line near $0.00000562. Since then, price has slipped below the green, blue and orange lines, and the structure looks weak.
SHIB/USDT Chart by TradingViewThe new dip went down to $0.00000483 before buyers stepped in. The long lower wick suggests that sellers could not keep control at that level, but the bounce has been small. Volume remains low compared with earlier rallies, which means few traders are putting money behind the recovery. The RSI is near 40, so momentum remains on the side of sellers.
The $0.00000500 level is the line to watch. SHIB has bounced from it several times, and it is the round number many traders use as support. If price closes below it, the next stop is the September low near $0.00000475, then $0.00000460. A break of these levels could put the August low near $0.00000435 back in view.
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On the upside, the orange line near $0.00000528 is the first hurdle. It sits only about 3% above price, so SHIB can reach it quickly, but it was support and has now turned into a ceiling. Above it, the blue and green lines near $0.00000538 and $0.00000545 are packed together and may be hard to clear without a strong-volume day. The black line at $0.00000562 is the final test for a trend change.
Still, the pattern of higher lows is alive. The August low was $0.00000435, the September low $0.00000475, and this week's low $0.00000483. Right now, SHIB is in a quiet zone. Small bounces are possible, but without more volume they are likely to vanish below the orange line, so buyers need to show up in size.
Major altcoins are consolidating within established ranges after sharp moves in September and early October. Ethereum (ETH), Uniswap (UNI), Dogecoin (DOGE), and Shiba Inu (SHIB) are all attempting to reclaim lost ground, but resistance remains strong across the board.
Ethereum tests resistance amid declining momentumEthereum is trading at $2,455 after losing altitude from late September highs near $2,800. The price sits below a key resistance level around $2,490, while support has formed at $2,310. A bounce from that support earlier in the week, coupled with high trading volume, showed increased buying interest and kept sellers from driving the price lower. The relative strength index (RSI) has dipped to 40, indicating weak but balanced momentum.
A daily close above $2,490 could open the path to $2,600, with further resistance near $2,700. However, if ETH closes below $2,310, the next downside target is $2,100, erasing much of the recent gain. For now, Ethereum remains in a holding pattern, with buyers and sellers watching closely for the next decisive move.
A daily close above $2,490 for Ethereum would be the first clear sign of renewed strength and could set a path toward $2,600, but a close below $2,310 could quickly send ETH back toward $2,100.
CoinCurrent PriceMain ResistanceMain SupportNext Target (Up)Next Target (Down)Ethereum (ETH)$2,455$2,490$2,310$2,600$2,100Uniswap (UNI)$7.39$7.85$6.80$8.50$6.25Dogecoin (DOGE)$0.0816$0.0860$0.0800$0.0925$0.0777Shiba Inu (SHIB)$0.00000514$0.00000528$0.00000500$0.00000562$0.00000483Uniswap struggles to regain bullish momentumUniswap has seen its price decline approximately 30% since reaching a September peak near $10.90. Now trading at $7.39, UNI is range-bound between $6.80 and $7.85. Both buyers and sellers appear hesitant, with the RSI near 50 and market participants waiting for a breakout. A close above $7.85 could set up a move toward $8.50, while dipping below $6.80 may signal a further slide to $6.25. Long-term support remains solid as long as UNI stays above the 200-day moving average at $5.40.
Uniswap is an automated decentralized trading protocol, best known for its role in enabling the exchange of various ERC-20 tokens directly from personal wallets.
Mini dictionary: ERC-20, a technical standard used for smart contracts on the Ethereum blockchain, widely adopted for creating tokens.
Uniswap price action often tracks Ethereum closely, so ETH’s ability to sustain support could help the protocol recover. Until UNI moves firmly out of its current range, traders remain cautious.
Dogecoin and Shiba Inu seek stability at key support levelsDogecoin has faced strong resistance, currently priced at $0.0816, having failed to overcome $0.1060 in late September. Attempts to rally have been stopped at the 200-day moving average, and sellers have kept price below key moving averages. Recent buying activity near $0.0800 created a bounce on high volume, but momentum remains tempered with the RSI around 45. Defending $0.0800 is critical for buyers. A close above $0.0860 would be the first signal of strength, while losing support risks further losses toward $0.0777 and below.
Shiba Inu is also consolidating after retreating from a September high of $0.00000627. With the price at $0.00000514, SHIB is below resistance at $0.00000528, and the key support is $0.00000500. Volume has been low, indicating weak commitment from both buyers and sellers. The pattern of higher lows remains intact, but a drop under the $0.00000500 level could target $0.00000475, then deeper support zones seen earlier this year.
Both Dogecoin and Shiba Inu are trying to hold critical support levels after recent sell-offs, with any decisive move below support likely to trigger additional losses.
Renting Nvidia’s top-tier AI hardware just got pricier for the 17th day in a row. As of October 15, 2026, on-demand rental prices for Blackwell Ultra (B300) GPUs have pushed to an all-time high.
The figures come from Compute Desk, which runs an index built on verified rental transactions from US neocloud providers. Matthew Sigel, head of digital assets research at VanEck, flagged the trend and pointed to two drivers: strong demand for open-source models and supply constraints at Supermicro, which produces B300 systems.
What the numbers show
On-demand B300 rentals currently run around $7 to $10 per GPU-hour. Back in November 2025, the same compute cost approximately $4.55 per hour.
That works out to a rise of approximately 64%. Anyone who budgeted for AI training runs last winter is probably revisiting that spreadsheet.
The hardware itself has gotten more valuable too. Mid-October reports indicate the B300 has gained nearly 40% in value over the past three months.
Compute Desk’s index matters here because GPU rental pricing has historically been opaque. Many deals happen privately, and posted list prices do not always match what customers actually pay. An index anchored to verified transactions gives the market something closer to a real price signal.
The neocloud providers it tracks are a newer class of cloud company. Unlike general-purpose cloud giants, they focus narrowly on renting out GPU capacity for AI workloads, which makes their pricing a fairly direct read on demand for compute.
Why the B300 commands a premium
The B300 is not just a refresh of the prior Blackwell B200. It packs 288 GB of HBM3e memory and 8 TB/s of memory bandwidth.
The tradeoff is power. The B300 can draw up to 1,400 W, a meaningful step up that affects how data centers plan cooling and electrical capacity.
Because Supermicro builds the B300 systems, any bottleneck on its end flows straight into rental availability.
Rental markets have shown sensitivity to both Supermicro server availability and waves of AI model deployments. When a new batch of models lands and everyone wants to run them at once, a constrained supply pipeline has nowhere to give except price.
Sigel’s emphasis on open-source models is worth noting. Open models can be downloaded and run by anyone with access to hardware, which spreads demand across a much wider pool of buyers than a handful of proprietary labs.
A disconnect in the public markets
Despite record rental rates, public companies tied to compute leasing and mining are seeing mixed market reactions. Some are trading near their 52-week lows.
The rental boom also does not map neatly onto any specific digital asset. Investors looking for a clean crypto proxy for AI compute demand will not find one in this data.
What this means
For companies that already own B300 capacity, the current environment looks favorable. Higher hourly rates and a nearly 40% gain in hardware value over three months strengthen both their income and their balance sheets.
For AI developers and startups renting compute, an approximately 64% jump since November 2025 raises the cost of training and serving models, which may push some teams toward smaller models, older chips, or longer-term contracts to lock in pricing.
Supermicro’s production pace is the clearest variable to monitor. If its supply constraints ease, rental prices could find a ceiling. If they persist while new model deployments keep arriving, the Compute Desk index has room to keep printing records.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
Pentiv, the new brand of Pineapple Financial, plans to tokenize its $10 billion real estate portfolio on Injective and run agentic operations onchain with $INJ.
Pentiv (@pentivhq) plans to bring its entire $10 billion real estate portfolio onchain through Injective (@injective). The company also intends to move its agentic operations onchain using $INJ. Injective says the plan marks progress toward greater institutional adoption. No rollout timeline has been announced.
What Pentiv plans to tokenizePentiv is the new operating brand of Pineapple Financial, according to CoinGabbar, which cites an October 15 filing. The same report notes the corporate rename still needs shareholder approval.
The "real estate portfolio" refers to mortgages rather than physical buildings. Pineapple Financial, listed on the NYSE American under the ticker PAPL, has already migrated more than $1 billion worth of residential mortgage records onto Injective, according to Crypto Briefing. The company has disclosed plans to eventually move its entire historical portfolio, which includes more than 29,000 funded mortgages valued at upwards of $10 billion.
The records are not new securities. Reporting from GlobalCrypto notes that the blockchain records provide an onchain representation connected to the underlying loan files, and do not themselves transfer ownership of the mortgages. The $10 billion figure therefore describes the scale of the migration ambition, not newly deposited trading liquidity, as Coindoo points out.
Crypto Briefing also reports that Pineapple holds a treasury position of around $100 million in $INJ, the native token of the Injective network.
Injective's institutional pushThe announcement adds to a series of institution-focused moves by Injective. The network's institutional arm is now an SEC registered transfer agent, according to Injective's own blog. The registration lets it maintain ownership records and process changes to them within the federal framework for securities markets.
Markets have noticed. KuCoin News reported that $INJ reached $9.16 on October 16, 2026, after a 23% single-day gain, with the token up nearly 70% over the past month. That report links the rally to several factors, including ETF filings and the Pentiv news, so the price move cannot be attributed to the tokenization plan alone.
Details on timing, the scope of each phase and how agentic operations would run onchain have not been disclosed. Until they are, the plan remains an intention rather than a completed migration.
Sources:
CoinGabbar: Injective leads major blockchains, latest revenue dataCrypto Briefing: Injective tokenizes over $1B in real estate mortgagesInjective: SEC registered transfer agent announcement
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.
Copart (CPRT) stock ticks up 0.02% to $27.75 following the ACV Auctions takeover.
Copart completes its $10.50-per-share deal to acquire ACV Auctions outright.
ACV shareholders tender 116.8 million shares, representing 68.43% of its stock.
ACV Auctions exits the NYSE and continues operating as a Copart subsidiary.
Copart adds wholesale dealer auctions to its global vehicle remarketing network.
Copart (CPRT) stock edged up 0.02% to $27.75 on Friday, October 16, following the completion of its ACV Auctions acquisition. The company acquired ACV Auctions for $10.50 per share in cash, expanding its vehicle remarketing operations. Meanwhile, CPRT shares briefly climbed above $28.25 before retreating amid volatile trading.
Copart, Inc., CPRT
Copart Completes ACV Auctions Acquisition to Expand Vehicle Remarketing Business
Copart announced the completion of its acquisition of ACV Auctions on October 16, 2026. The transaction combines Copart’s online vehicle auction operations with ACV’s established wholesale automotive marketplace. The combined business now covers dealer trade-ins, wholesale vehicle sales, salvage auctions, and international remarketing services.
The acquisition supports Copart’s strategy to expand its presence across the used vehicle market. Moreover, ACV brings additional technology, dealership relationships, and wholesale auction capabilities to the company’s existing operations. These assets strengthen Copart’s ability to serve commercial sellers, dealerships, and vehicle buyers across different markets.
Copart Chief Executive Officer Jay Adair identified the transaction as an important step in the company’s growth strategy. The company expects the combination to improve operational efficiency and broaden its vehicle remarketing services. Copart plans to use its physical infrastructure and international network to support ACV’s existing business.
Copart Finalizes $10.50-Per-Share Tender Offer for ACV Auctions
Copart completed the acquisition through Apple Merger Sub, its wholly owned subsidiary, following a cash tender offer. The company offered ACV shareholders $10.50 per share, without interest and subject to applicable withholding taxes. The tender offer expired at 5:00 p.m. Eastern Time on October 15, 2026.
Shareholders tendered 116,818,409 ACV common shares before the deadline, representing approximately 68.43% of outstanding shares. Copart accepted the tendered shares and arranged payment under the transaction’s agreed terms. Subsequently, the company completed a merger to acquire the remaining ACV shares at the same cash price.
Following the merger, ACV shares stopped trading on the New York Stock Exchange. ACV will continue operating as an independent Copart subsidiary under its existing leadership team. Meanwhile, ACV Chief Executive Officer George Chamoun will lead the business as it expands its operations.
Copart Strengthens Market Reach Through ACV’s Dealer Network
The acquisition expands Copart’s services beyond its established salvage vehicle auction business. ACV contributes wholesale remarketing technology and dealership connections that complement Copart’s national facilities and global marketplace. Together, these operations provide additional channels for vehicle sales across different stages of the automotive market.
Copart also retained Evercore as financial advisor and Wilson Sonsini Goodrich & Rosati as legal counsel. Meanwhile, J.P. Morgan Securities advised ACV and provided a fairness opinion during the transaction. Davis Polk & Wardwell represented ACV on legal matters, while both companies retained separate strategic communications advisors.
The completed transaction gives Copart a broader platform for handling used vehicles and dealer inventory. Furthermore, ACV’s continued independent operations preserve its existing management structure and commercial relationships. Copart now enters its next growth phase with expanded wholesale capabilities and a larger vehicle remarketing network.
Bitcoin turned lower in late morning trade, retesting the $80,000 threshold heading into the weekend. The flagship cryptocurrency is down 1.3% to $80,970 Friday afternoon, according to pricing data from LSEG. The cryptocurrency had rallied along with the stock markets in morning trade, but succumbed to continued weakness seen in tech and AI stocks, following the 2.4% slide seen on the Nasdaq.
Bond yields turned higher in the afternoon, this after the Treasury Department passed on an opportunity to send a strong signal that it is considering reducing the sizes of bond auctions. Higher yields have been a pressure point for cryptocurrencies and general commodities, with investors cautious about engaging with what they perceive as "riskier" assets.
Crypto assets were supported in morning trade by dimming expectations for a near-term Federal Reserve rate hike. Fed Chairman Kevin Warsh avoided a clearly hawkish or dovish tone during a moderated conversation at the International Monetary Fund meetings in Bangkok. But for bitcoin, lacking demand for tokens on the spot market is a fundamental problem that hasn't gone away.
"The demand picture has not improved," said Colin Basco, a senior quantitative analyst with Coinbase Institutional. Basco attributes the upward movement seen in bitcoin earlier in the week to trading by leveraged long positions, as opposed to spot demand among investors. Net flows in and out of bitcoin ETFs, considered a metric of interest in the cryptocurrency among fund managers, have slid back into being more negative than positive for the week.
Through Thursday, bitcoin ETFs recorded a net outflow of $146 million, according to data from Coinglass. At the same time, analysts say that bitcoin's relative strength versus AI stocks this week is reason for optimism. Bitcoin shed roughly 3% this week, while the iShares Semiconductor ETF slipped 9%. Write to Kirk Maltais at [email protected] (END) Dow Jones Newswires 10-16-26 1543ET Copyright (c) 2026 Dow Jones & Company, Inc.
Tokenized Commodities Need Proof of Reserves to Shine like GoldTokenized commodities beyond gold need proof of reserves and a reference price. How silver and copper compare, and what issuers need to build real markets.
Commodity tokenization grew from about $1.2 billion at the start of 2025 to about $5.5 billion by the end of Q1 2026, roughly four and a half times in 15 months. Tether Gold (XAUT) and Pax Gold (PAXG) produced close to 90% of that growth. Every other commodity divides a small remainder.
The usual explanation for the gap is that buyers don’t want these commodities on-chain yet. Demand exists. Silver gained about 140% in 2025, hit an all-time high above $121 in late January 2026, then fell back and traded roughly $68 to $93 in February and March. Copper is consumed in every EV, solar installation, and data center build. These are large, liquid physical markets with active buyers. That demand has no on-chain market that reflects it yet. Issuer economics and distribution play a part, but credible on-chain versions also need verifiable reserves and a reference price.
Tokenized commodities by market value, 2025 to 2026Monthly market value of tokenized commodities, stacked by token. XAUT is its on-chain circulating supply (total supply minus Tether’s own treasury holdings); Kinesis Gold is restated from Kinesis chain data where CoinGecko’s supply lagged; the rest use CoinGecko market caps. “Other” covers Kinesis Gold, Kinesis Silver and Matrixdock Gold only: before November 2025 these are the only other tokens in the series, and the smaller tokens CoinGecko lists from then on are left out. Matrixdock Gold is not available before July 2025 (CoinGecko shows $0 although the token existed), so those months cover the two Kinesis tokens only; that is a gap, not a zero. The dashed line marks 31 March 2026, the date cited in the text.Silver is the only metal beyond gold with meaningful on-chain traction. Kinesis Silver, by far the largest silver token, fell in value from $439 million in late January 2026 to $261 million at the end of March, and to $212 million by mid-October. That drop tracks the silver price. The holders stayed: Kinesis held about 3.69 million audited ounces in April 2026, only slightly below the 3.79 million of October 2024. Silver is also the only metal beyond gold carrying a full verification stack: allocated bullion, named custodians, independent audits.
Copper has the stronger long-term demand story and almost nothing on-chain: one token, last valued at about $0.5 million in May 2026, which tracks a copper futures fund rather than holding metal. The demand profiles differ. Industrial use was about 58% of silver demand in 2025, and coin and bar buying grew 14%. Copper demand is almost entirely industrial. Silver followed gold part of the way. Copper has no verification stack.
Kinesis Silver: USD value against audited ouncesAudited ounces held slipped 2.7%, from 3.79M (Oct 2024) to 3.69M (Apr 2026). USD value moved with the silver price. The chart shows Kinesis Silver (KAG) market value each month in USD (left axis), against the ounces of silver its audits counted (right axis). Ounces appear only in the four audit months, with nothing drawn in between, and both axes start at zero. 30 Jan and 31 Mar are the two dates the post quotes.PAXG sets the bar on reserves. It publishes monthly attestations and holds LBMA London Good Delivery bars. Its issuer, Paxos, has been supervised by the US Office of the Comptroller of the Currency since converting to a federal trust charter in December 2025. Almost nothing outside gold clears that bar. Newer issuers attest periodically or not at all, and half of the 39 tokenized commodity products Tiger Research reviewed in February 2026 remain unregulated. The risks are specific: custodian failure, over-issuance when minting isn’t gated by verified reserves, and tokens that deliver price exposure without an enforceable claim on the underlying metal.
Pricing fails in a similar shape. Gold and silver have deep, continuously quoted spot markets that are straightforward to mirror on-chain. Copper is on the other hand harder. It trades continuously on the LME and COMEX, but that price data is proprietary and licensed. Platinum and palladium lean on twice-daily LBMA benchmark auctions, administered by ICE Benchmark Administration since July 2026, with much thinner liquidity in between. Neither maps cleanly onto a trustless feed. Price oracle coverage follows the same distribution: dense across the majors, thin across everything else.
Verification scorecard: six tokenized commoditiesWhat each issuer discloses about custody, attestation, redemption, regulation and on-chain proof of reserves. “not disclosed” means the issuer’s own pages do not say; “none” means no on-chain proof-of-reserves feed was found.The dormant end of the market shows that represented value alone does not create a market. Justoken’s tokenized electricity token (JMWH) on the XRP Ledger reports over $2 billion in represented value and about 165 holders. Its tokenized soybean-oil token (JSOY_OIL) on Polygon reports about $440 million with two holders and no transfers in the last month. Trading tells the same story: in the 30 days to 16 October, XAUT and PAXG each traded more than $4 billion, while JMWH did not trade at all and JSOY_OIL has no listing. Without verifiable reserves, credible pricing and liquidity, allocators have little basis to participate.
Regulators are moving in the same direction, though unevenly. Under MiCA, issuers of asset-referenced tokens, the category covering commodity-backed tokens in the EU, must disclose reserve composition at least monthly and commission an independent audit every six months. In the US, the March 2026 joint SEC/CFTC interpretation (Release 33-11412) set out a five-category token taxonomy with no category for tokens backed by physical commodities. Periodic disclosure is the regulatory floor in the EU, the US has none for these tokens yet, and continuous verification is where the market is heading.
Tokenized commodities: stated value against what tradesRepresented value is supply times the issuer’s NAV (per rwa.xyz), not a price anyone can trade at: JMWH shows $2.23B represented against about $4 of bids and no trades, and JSOY_OIL shows $438M represented with no listing. As of 16 Oct 2026, 00:00 UTC (order books and venue shares 12:42 to 13:20 UTC). Holders are addresses with a non-zero balance on the chain shown; the Kinesis figures count Kinesis-chain addresses, not users; platform users whose balances sit in Kinesis’s custodial omnibus accounts are not counted individually. * Excludes one venue showing a $40M book on $42K daily volume; including it, $145M. † Kinesis volume is reported only by CoinGecko; CoinMarketCap excludes Kinesis Money.Implemented properly, proof of reserve means independent nodes read reserve data at the custodian, reconcile it against on-chain supply, and publish a figure anyone can recompute directly from the contract.
It does not remove trust in the custodian. No oracle can prove a physical bar exists in a vault. What the mechanism changes is the frequency and visibility of the trust boundary: continuously checkable by anyone. Many verification claims in this category name no mechanism, so the boundary is worth stating directly.
The metals that need this layer most are the ones current coverage reaches least. Gold and silver are well served. Copper, platinum and palladium have far less, despite established custody and assay standards behind the physical metal.
DIA runs live feeds for gold, silver and copper, and builds custom feeds for platinum, palladium and other metals on request. DIA publishes its sourcing and methodology for each feed, so an issuer can audit how a price is computed before committing to it.
The reserve side runs the same way. Independent feeder nodes read reserve balances at the custodian, query token supply directly from the contract across every chain the token is deployed on, and publish a ratio, floored conservatively against supply, that any holder can recompute. Nothing in that path depends on the issuer relaying its own number, and it extends to a metals-backed token wherever there is a custodian and audit chain to read from. DIA already runs this live for tGBP, a GBP stablecoin.
Gold already has the trust infrastructure: verifiable reserves and a reference price. The next commodity issuer to build that stack has the best chance to create a real market, and the first to do it sets the reference an allocator later uses to judge every product that follows. Issuers planning a metals token can Talk to us about a proof of reserve and a price feed.
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.
MemeToro has reported $163,467.81 raised in Stage 8 of its$ MT crypto presale, approaching the round's $176,896.90 target as the project details the tokenomics supporting its planned AI memecoin ecosystem on BNB Chain. The Stage 8 price is $0.00528 per$ MT. At $163,467.81 raised, another $13,429.09 would take the stage to its $176,896.90 target.
SINGAPORE, Oct. 16, 2026 (GLOBE NEWSWIRE) --
MemeToro has reported $163,467.81 raised in Stage 8 of its $MT crypto presale, approaching the round's $176,896.90 target as the project details the tokenomics supporting its planned AI memecoin ecosystem on BNB Chain.
The Stage 8 price is $0.00528 per $MT. MemeToro lists $0.05186 as its planned launch price. That figure is part of the project's launch plan and does not establish the price at which $MT will trade once exposed to open-market supply and demand.
The current token allocation assigns most of the 1.2 billion $MT supply to the public sale, with the remaining tokens divided between exchange reserves, marketing, trading, rewards and the team.
Stage 8 moves toward its round target
Stage 8 has reached approximately 90% of its stated funding target based on MemeToro's crypto presale latest figures.
At $163,467.81 raised, another $13,429.09 would take the stage to its $176,896.90 target.
Tokens in the current stage are priced at $0.00528. The presale structure establishes a price for the current round before the planned token launch.
MemeToro's stated $0.05186 launch price is separate from any future market price. Once a cryptocurrency begins open trading, liquidity, circulating supply, buyer and seller activity and wider market conditions can affect its value.
The presale is running while MemeToro develops the launchpad and AI infrastructure intended to form the wider use case for $MT.
Public sale receives 71% of the supply
MemeToro's corrected tokenomics put the total $MT supply at 1.2 billion tokens.
Of that amount, 852 million $MT, or 71%, is allocated to the public sale.
CEX reserves account for 120 million tokens, or 10% of supply. The marketing partner allocation is 90.72 million $MT, or 7.56%.
MemeToro Trading receives 60 million tokens, representing 5%, while 53.28 million $MT, or 4.44%, is assigned to MT Rewards.
The team allocation is 24 million $MT, or 2% of total supply.
The public-sale allocation is therefore considerably larger than any individual non-sale category.
The remaining supply has separate allocations
The 29% of supply outside the public sale is divided by function rather than placed into a single project allocation.
The 10% CEX reserve provides a distinct pool associated with centralized exchange requirements. MemeToro has separately designated tokens for its crypto presale, marketing partner, MemeToro Trading and MT Rewards.
The team holds the smallest named allocation at 2%.
These figures describe how the supply is divided. They should not be read as a vesting schedule or release timetable unless MemeToro separately publishes those conditions.
That distinction matters because allocation and circulating supply are different measures. A token can belong to a particular allocation without necessarily entering circulation at the same time as tokens in another category.
$MT is being designed around the MemeToro ecosystem
MemeToro is developing $MT alongside its AI Meme Launch Agent and BNB Chain launchpad rather than presenting the token as a standalone asset.
The project advertises staking rewards as one planned use within the $MT ecosystem. MemeToro is also developing a broader platform around AI-assisted memecoin creation, launches, market data and related crypto tools.
Its AI agent is intended to identify market signals and turn selected concepts into structured memecoin proposals. The launchpad is being designed to take approved proposals into funding rounds governed by smart contracts.
MemeToro has published working examples of this infrastructure through its open-source repository, although several components remain under development.
The extent to which those planned functions create demand for $MT will depend on the completed platform and its adoption. Presale participation does not guarantee future token value or liquidity.
About MemeToro
MemeToro is developing an open-source AI memecoin launchpad on BNB Chain. The project combines an AI Meme Launch Agent, fair-launch infrastructure, bonding curves, market analytics and planned $MT ecosystem functions.
The $MT crypto presale is currently in Stage 8. Cryptocurrency presales are speculative and carry a risk investors should research and make confident decisions.
Bitcoin was little changed since midnight UTC near $82,100 after bouncing from a dip to about $81,600 at around 03:30 UTC.Celestia jumped 16%, injective rose 7.7% and layerzero added 7.3%, leaving more than two-thirds of CoinDesk 100 members higher and the CoinDesk 5 flat.Fed Chair Kevin Warsh declined to signal what the central bank will do later this month, and the odds of an October interest-rate increase fell to about 15% from almost 30%.Bitcoin BTC$81,516.31 was little changed since midnight UTC, trading around $82,100 after bouncing from a dip to about $81,600 at around 03:30 UTC. It’s comfortably above Thursday’s brief break below $80,000, its first in a month.
Altcoins edged ahead, with ether ETH$2,408.57 adding 0.5% near $2,450 and the CoinDesk 80 (CD80) gaining 0.46%, while the bitcoin-heavy CoinDesk 5 (CD5) held steady. Celestia (TIA) jumped 16%, injective INJ$8.6752 rose 7.7% and layerzero ZRO$2.0510 added 7.3%, leaving four in every five CoinDesk 100 Index (CD100) members higher and lifting CoinMarketCap’s Altcoin Season index to 60 from 50 a day earlier.
Asian equities steadied after Thursday’s rout, with South Korea’s Kospi closing 2.05% higher and Japan’s Nikkei up 1.39%, while S&P 500 futures were little changed after the index snapped a three-day losing streak.
Federal Reserve Chair Kevin Warsh declined to signal the central bank’s intentions for its meeting later this month in a speech at the IMF and World Bank meetings in Bangkok, with the odds of an October interest-rate increase dropping to about 15% from roughly 30%, according to the CME Fedwatch tool. Treasury yields were largely stable.
Derivatives positioningTrading volume cools, leverage resets: Crypto futures volume slid 20% over 24 hours to $200 billion, while open interest rose 2% to $142.21 billion. Liquidations dropped to $311 million from nearly $1 billion yesterday. Quieter trading with positions still building suggests the forced selling has run its course.Sellers ease off: The 24-hour long/short taker volume ratio is balanced, compared with shorts making up 52% yesterday. Aggressive selling has faded.BTC, ETH and SOL gains lack fresh long bets: Bitcoin's notional open interest rose just 0.3% against a 1% price gain, which means the number of contracts outstanding slipped slightly. Ether and solana show the same pattern, with open interest up by less than their spot prices. The moves look driven by traders closing shorts, not by new long positions.XRP traders are cashing out into the rally: XRP's open interest fell 1% while its spot price gained 1.4%, so contracts were closed on a rise. Its 24-hour OI-adjusted cumulative volume delta, which tracks net aggressive buying and selling at market prices rather than passive limit orders, is also negative. The bounce has little support from derivatives traders.ZEC leads with new bullish bets: ZEC futures open interest jumped 14% against an 11.5% price gain, so traders added contracts to the rise. Its OI-adjusted cumulative volume delta is the most positive among majors, a sign that buyers are the aggressors. TRX, XAUT and ETH also show positive readings while BTC is neutral and UNI, HBAR and XRP are negative.Funding signals a bullish tilt but no froth: Annualized perpetual funding rates for major tokens hover between 5% and 10%. That shows a bias toward longs but nothing out of the ordinary, so the market is far from overheated and has room for further gains.Implied volatility keeps falling: BVIV, the 30-day implied volatility index for bitcoin, slammed to 38% from yesterday's high of 42%, and ether's implied volatility also fell. Options traders are pricing a calmer market, which matches the funding picture.Options traders hedge while eyeing ether upside: Decentralized exchange Derive pointed to a large bitcoin put spread that crossed the tape early this week, betting on a drop to $78,000. The $80,000 put is the most traded option on Deribit, the centralized options giant, so some traders are still buying downside protection. In ether, the $2,600 call is the most traded of the past 24 hours.Token talkCelestia (TIA), the modular data-availability network token, rose 16% to around $0.68, the biggest gain in the CD100 and a 2026 high. The token has advanced about 59% over four weeks, with the rally coinciding with Celestia Fibre hitting 3.07 terabits per second in a throughput benchmark and the introduction of a proposed economic upgrade called the Sustainable Blob Economy.Injective INJ$8.6752, the finance-focused layer-1 token, climbed 7.7% to about $9.19. While there’s no obvious, overriding narrative, there are three pending U.S. exchange-traded fund applications tied to the token. CoinMarketCap shows $289.7 million of INJ volume over 24 hours, up 128% from the prior day.LayerZero ZRO$2.0510, the cross-chain messaging token, gained 7.3% to about $2.24, extending a rally linked to its ATLAS trading infrastructure, which routes most of its fees into buying and burning the token. Ether.fi (ETHFI), the liquid restaking token, rose 4.2%.Starknet STRK$0.07219 was the weakest CD100 member, down 9.6% to $0.08 after an 11% gain on Thursday, and stacks STX$0.3910, a bitcoin-staking layer token, fell 4.2%.Larger names were mixed to higher, with solana (SOL) up 1.2% to about $107, XRP up 0.5% and monero (XMR) up 2.9% to about $565, while BNB barely moved.Related Assets
Modular blockchain project Celestia has announced the launch of Eden, a high-performance EVM chain built on Celestia. Celestia says Eden will act as an experimental sandbox for "Agentic Commerce", used to test the behavior and infrastructure needs of AI agents when conducting on-chain autonomous payments, transactions, and model calls. Celestia notes that as AI agents start engaging in more frequent on-chain transactions, market demand for block space, real-time settlement, and low-friction payments will continue to rise. Eden will help teams observe what transaction environment agents need, how they manage funds, and how their on-chain activities will impact network design. Eden’s first experimental project is Botfun, which is currently in closed beta. Per Celestia, participating agents can issue their own tokens and trade around narratives generated by other agents; each model inference call is paid on-chain via x402. Celestia states this experiment briefly pushed Eden to become one of the largest x402 networks by transaction volume. Technically, Eden is an EVM-compatible chain supporting atomic batch transactions, application-sponsored gas payments, and larger smart contract deployments, with its native gas token being TIA. These designs will reduce signature and fee friction when agents execute consecutive payments, swaps, and interactions.
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Celestia’s TIA token rose about 16% in 24 hours on Friday after the launch of Eden, a high-throughput EVM chain built to explore agentic commerce. The project aims to address the need for greater blockspace and transaction infrastructure as AI agents increasingly interact and transact onchain.
TIA was trading at $0.68 at press time, after rising above $0.7 earlier Friday morning, according to CoinGecko.
Eden is built with the Evolve stack and supports existing Ethereum development tools, with TIA serving as its native gas token. It operates as a standalone execution network while posting data to Celestia mainnet for data availability.
The first Eden experiment was botfun, a closed beta in which AI agents launched tokens and traded based on narratives generated around them. Celestia said each inference call was paid for onchain using x402, briefly placing Eden among the largest chains by x402 transaction count. The experiment is expected to help the team understand agents’ onchain behavior and the infrastructure required to support more automated transactions.
Eden also introduces native batch transactions, sponsored gas payments and a 128 KB contract bytecode limit, compared with Ethereum’s 24 KB limit. Batch transactions combine multiple calls into one atomic transaction, while sponsored gas allows an application or third party to pay fees on a user’s behalf.
The features are designed to simplify multi-step transactions and onboarding without requiring additional account-abstraction or relayer systems.
Eden uses a single sequencer and no public mempool, making pending transactions less visible to third parties and reducing exposure to public frontrunning, according to the team. Transaction ordering remains under the sequencer’s control.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
TIA price cleared a resistance level that had rejected it twice this week, on heavy volume. Data posted to Celestia fell while the token rallied. Fibre and the Eden experiment are driving expectations ahead of actual revenue. Momentum is overbought and slightly weaker than at the September peak. Celestia’s TIA token climbed about 22.5% on Friday to trade near $0.70, lifting its seven-day gain to roughly 49% and putting it about 73% above its September 18 close of $0.407. The amount of data rollups post to Celestia, which is the service the network sells, fell by about 26% over nearly the same period. That gap matters for anyone holding TIA after this week’s breakout, because the market appears to be pricing capacity Celestia has shown in tests and products that are still experimental.
Price up 73%, data down 26% Celestia works as a data availability layer, meaning rollups and other chains publish their transaction data to it so anyone can verify or rebuild their state without relying on the operator. Daily data posted dropped from 2.77 billion bytes on September 18 to 2.05 billion bytes on October 15. Two daily readings are too few to confirm a trend, and tighter compression or batching by rollups can cut the byte count without any drop in user activity, yet the reading still points the opposite way from the chart.
Celestia scorecard
Earliest available reading vs. latest, September 18 to October 16
Metric Then → Now Change TIA price $0.407 → $0.7022 ▲ 73% Daily data posted 2.77B → 2.05B bytes ▼ 26% Daily fees $82 → $96 ▲ 17% Futures open interest $83M → $358M ▲ 331% Open interest measured from September 23.
$33,000 a year against a $646M token The fee numbers make the valuation hard to defend on current usage alone. The network collected
about $2,701 over the past 30 days, which works out to roughly $33,000 a year, while TIA carries a market capitalization of about $646 million, even though daily fees ticked up from $82 to $96 in the latest reading. Leverage has grown far faster than either number, with perpetual futures open interest, the total value of outstanding leveraged contracts, rising from about $83 million on September 23 to roughly $358 million on Friday, so much of the move rests on positions that can be closed in a hurry.
Fibre’s 3 Tb/s is still a lab result On October 1, Celestia said on its official blog that Fibre, its high-throughput data availability system, sustained an average of 3.07 terabits per second across 120 validators in a 143-second benchmark, roughly triple the 1 Tb/s result it published in January. Encoding a 2 GiB blob now takes 0.9 seconds compared with 6.8 seconds before. The test used 2 GiB blobs while the first mainnet release is planned with a 128 MiB cap, and the team acknowledged that some test configurations will not ship at launch.
Eden, an experimental EVM chain for AI-agent transactions that Celestia announced on Friday, gives traders a second story to trade. It runs on Celestia for data availability, uses the Evolve development stack and charges gas in TIA, and its first experiment, a closed beta called Botfun, let agents launch and trade tokens while paying for every model inference call through the x402 payment standard. Celestia says the test briefly made Eden one of the largest x402 networks by transaction count, although it gave no source for that ranking and the experiment has not produced measurable revenue so far.
What lifted TIA before this week The Sustainable Blob Economy proposal, which aims to tie network usage more directly to demand for TIA, sent the token up more than 19% to about $0.526 on September 23, with roughly $621,000 in short liquidations forcing bearish traders to buy back, although its final form has yet to clear Celestia governance. Derive’s V3 migration on October 8 added another 6%, even if it is unclear how much data the new setup will keep posting to Celestia. Even after all of this, TIA trades about 96% below its February 2024 peak near $20.91, according to CoinGecko data.
$0.6217 gives way after two rejections Friday’s intraday high at $0.7233 marks a new top for the rally that began at the August 18 low near $0.293, a gain of roughly 146%. The Fibonacci retracement is drawn between those two points, and with the daily candle still open, a higher print would shift every level, while the breakout needs a close above the 0.236 retracement at $0.6217 before it counts as confirmed.
TIA/USDT daily chart. Source: TradingView / Alexander Stefanov That level capped price on October 11 and 13, when long upper wicks showed sellers active around $0.63. In between, TIA held a tight range with lows near the 0.382 retracement at $0.5589 instead of slipping toward the 0.5 level at $0.5081, and Friday’s candle cleared that range in one session on about 39 million TIA of volume, one of the heaviest days of the uptrend.
The 50-day SMA crossed above the 200-day in late September and the gap has widened since, with the 50-day at $0.4398 against $0.3821. The 200-day sits almost exactly on the 0.786 retracement at $0.3851, which makes $0.38 to $0.39 the deepest support zone that still keeps the trend intact.
RSI lags September’s peak The 14-day RSI sits above 71, past the 70 mark that usually flags stretched conditions. Its late-September peak, set when TIA topped near $0.53, was higher at around 74, so price now trades about 31% above that September high on slightly weaker momentum. That is a small bearish divergence that one strong close could erase, and the last overbought reading led to about two weeks of sideways trade between $0.44 and $0.52 before the next leg up.
A daily close above $0.6217 would turn it into first support and leave the $0.75 and $0.80 round numbers, plus the 1.272 extension near $0.84, as the next references. A close back below $0.6217 would point to a retest of $0.5589, and losing $0.5081 would bring the 0.618 level at $0.4573 and the 50-day SMA near $0.44 into view.
TIA key levels
Next target $0.84 TIA now $0.7022 Breakout level $0.6217 Range floor $0.5589 Trend support $0.44 Red marks resistance, green marks support.
Fibre’s launch and $358M in leverage The Fibre mainnet launch is the first point where benchmark throughput can show up as blobs that paying rollups actually post. Weekly or monthly data averages on explorers such as Celenium, along with the count of active rollups, will say more about demand than the two readings behind this month’s decline. With open interest above $350 million, a failed close above $0.6217 could reverse the September 23 pattern, leaving leveraged longs to sell into a drop where short sellers were once forced to buy into a rise.
Ethereum’s own blob space and rival data availability networks compete for the same rollup teams, and the low fees that help Celestia win developers also mean each extra byte adds little revenue. Usage would have to grow by multiples before fee income looks meaningful against a $646 million valuation.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Celestia price has climbed above $0.70 as strengthening daily momentum and a bullish weekly trend put its recovery from a months-long trading range to the test.
Summary
TIA traded near $0.702 on Oct. 16, gaining approximately 19% during the daily session. Weekly RSI reached 64.98 as price moved above its previous consolidation. Daily MACD strengthened, with TIA trading above its 50-day and 200-day moving averages. CoinGlass showed a prominent overhead liquidation cluster around $0.725–$0.73. Celestia’s recovery has accelerated after spending much of the year trading near the bottom of a prolonged decline. Binance’s daily TIA/USDT chart showed the token at $0.7019 at 3:54 p.m. UTC on Oct. 16, following a session high of $0.7233.
The move has brought an earlier breakout call into focus. In an Oct. 16 post, analyst Rekt Capital described TIA as having confirmed a breakout from its “Macro Accumulation Range” and said it had rallied 50% since being discussed in its Altcoin Watchlist.
The daily chart supports the shift out of consolidation. TIA spent much of the spring and summer near $0.30–$0.40 before building higher prices through September and October. Its latest advance has carried it beyond the rebounds that stalled around $0.45–$0.50 earlier this year.
Celestia’s breakout has support across both timeframes TIA’s 50-day moving average stood at $0.4394, above its 200-day average at $0.3820. Price was trading roughly 60% above the shorter average, showing how quickly the rally has pulled away from its recent trend.
Celestia price daily chart — Oct. 16 | Source: TradingView That distance leaves room for a sizeable pullback even if the broader recovery survives. A retreat toward the recent $0.58–$0.60 trading area would erase part of the latest advance while keeping TIA above both moving averages.
Daily momentum still favors buyers. The MACD line reached 0.0504 against a signal line of 0.0368, with a positive histogram of 0.0136. Both lines were above zero, supporting a stronger upward trend rather than merely slowing losses.
The weekly chart adds weight to that reading. TIA was up approximately 21% from the week’s opening price, while RSI reached 64.98, above its smoothing line at 46.80. Momentum has moved firmly above the neutral midpoint without reaching the conventional overbought threshold of 70.
Celestia price weekly chart — Oct. 16 | Source: TradingView Weekly Supertrend also showed a bullish reading, with its active green line at $0.2706. That level sits well below the market, making the recent weekly low near $0.505 a closer reference for assessing whether the breakout is losing ground.
Celestia has produced sharp rebounds before. A July 2025 rally took TIA up 14% alongside a descending-channel breakout, but the longer price history shows that recovery eventually gave way to further declines. The current advance has stronger alignment between daily momentum and weekly trend signals, though holding above the former range remains essential.
Fibre adds context while $0.73 becomes the immediate test Celestia’s development progress provides a separate backdrop to the price recovery. On Oct. 1, Celestia Labs reported that Fibre sustained average throughput of 3.07 terabits per second across 120 validators during a 143-second benchmark.
The team said the test used an experimental performance branch and settings that would not all be available in the initial mainnet release. The result measures tested capacity rather than current customer usage.
Celestia’s earlier mamo-1 testnet targeted 128MB blocks every six seconds in April 2025. Fibre extends the project’s work on handling larger volumes of blockchain data, although the latest price move cannot be attributed to that announcement alone.
For the immediate trading setup, CoinGlass’s 24-hour liquidation heatmap places the brightest overhead concentration around $0.725–$0.73, just above the session high. A sustained move through that band would put the next visible cluster near $0.74 within reach.
Solana liquidation heatmap | Source: CoinGlass Below price, liquidation bands appear around $0.68–$0.685 and across $0.66–$0.67, where TIA consolidated during its intraday climb. Losing those areas would increase the risk of a deeper retracement toward $0.63 and the earlier $0.60 breakout area.
Holding above $0.66–$0.68 would preserve the latest advance’s higher-price structure. Clearing $0.73 would strengthen the continuation case, while a return below $0.60 would put the durability of the breakout under greater pressure.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Celestia’s TIA token climbed about 16% after the launch of Eden, a new EVM-compatible chain built for autonomous AI agents.
Some estimates put the 24-hour move closer to 30%, with TIA trading between $0.69 and $0.70.
Eden went live on October 16, 2026. Celestia calls it an experiment, and that word is doing real work. The chain is a testing ground for what the project calls “agentic commerce”: AI agents handling payments, trading, and fund management on-chain with minimal human hand-holding.
What Eden actually is The chain runs on the Evolve Stack and handles its own execution and consensus. It leans on Celestia mainnet for one job only: data availability, which means publishing transaction data so anyone can check it. Eden decides what happens on its own network, while Celestia keeps the public record that proves it happened.
TIA is Eden’s native gas token, so every transaction on the new chain draws on demand for it.
Eden supports 100 ms block times, or ten blocks every second. The chain also allows application-sponsored gas fees. Apps can cover transaction costs for their users, so an agent doesn’t need to hold a balance of TIA before doing anything useful. Smart contracts can reach 128 KB in size, giving developers more room for complex on-chain logic.
Meet Botfun, the first experiment Eden’s first closed-beta project is Botfun. On Botfun, agents issue tokens and trade them around narratives that other agents generate. One bot writes a story, another mints a token about it, and a third decides whether to buy.
The platform relies on the x402 protocol for transactions. Agents can also make inference calls directly on-chain, meaning they can query AI models as part of their on-chain activity.
During the beta, Eden briefly ranked among the top x402 networks by transaction count.
Why Celestia built this Celestia has positioned itself as a data availability layer. Eden extends that model with a working chain that sends real traffic to Celestia mainnet.
Celestia frames Eden as a tool for measuring how much blockspace demand autonomous agents might create. The project also wants to understand how quickly and cheaply low-friction payments can move as agent use grows.
What this means for TIA and the agent economy Alongside the price gain, TIA saw a notable rise in market capitalization and trading volume.
Eden is explicitly experimental, and Botfun remains in closed beta. Systems where bots issue and trade tokens around AI-written narratives could produce strange market behavior that no one fully anticipates.
For investors, the key metrics are straightforward. Watch transaction counts on Eden, the volume of data flowing to Celestia mainnet, and whether projects beyond Botfun join the network.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
SEI perpetual futures have been certified by a CFTC-regulated US exchange. The USD-settled contracts trade 24/7 with no expiry, while three SEI ETFs await SEC progress.
A CFTC-regulated exchange has certified $SEI perpetual futures, @SeiNetwork announced on October 16. The contracts settle in US dollars, trade around the clock and have no expiry date, placing SEI alongside BTC, ETH, SOL and XRP among assets with perpetual futures on CFTC-regulated venues.
What the filing shows The filing was submitted by North American Derivatives Exchange, which operates as OG.com Markets, and the exchange said it intended to list the contract by October 12. According to the exchange's certification document, the contract is settled in US dollars, has no expiration date and tracks the token's spot price through a reference index. The filing also specifies margin requirements and periodic funding adjustments meant to keep futures prices aligned with the underlying market.
Certification is different from a formal approval. Under CFTC rules, a designated contract market can list new products by self-certifying compliance with the Commodity Exchange Act, filing the product terms at least one business day before launch. Trading availability, liquidity and volumes for the SEI contract have not been confirmed, and the listing does not guarantee fresh demand for the token or sustained price gains.
The product adds a regulated route to SEI exposure without holding the token directly. It is designed to let traders take long or short positions without directly holding the token.
US perps market and SEI ETFsUS-regulated perpetuals are a recent development. On May 28, 2026, the CFTC approved the first perpetual futures contract cleared on a US-regulated exchange, a cash-settled Bitcoin perpetual listed by Kalshi. Perpetual futures have no expiration date and have become the dominant form of crypto derivatives trading globally, but were largely unavailable on regulated US exchanges.
On the ETF side, three SEI products from REX-Osprey, Canary Capital and 21Shares are still in the SEC process. REX Shares and Osprey Funds have set October 23 as the target effective date for their proposed fund, after filing a post-effective amendment on Sept. 24. The proposed REX-Osprey $SEI + Staking ETF would hold $SEI and stake part of its holdings through Sei Network's proof-of-stake system. 21Shares filed with the SEC to launch an ETF tracking the price of SEI, following Canary Capital's similar application in April 2025.
Together, a regulated derivatives product and pending exchange-traded funds would give US investors more compliant ways to gain exposure to SEI, though none of the ETFs has yet been confirmed as launched.
Sources
The Crypto Times: SEI joins BTC, ETH, SOL with US-regulated perpetual futuresTron Weekly: SEI perpetual futures gain CFTC certificationCryptonews: REX, Osprey set Oct. 23 target for staked SEI ETF
"TAO has probably the biggest compression in crypto right now," one popular X user stated.
The popular altcoin has surpassed $285 after posting a double-digit daily increase, sparking optimism that its rally could continue in the near term.
Some forecasts are highly bullish and even implausible (at least for now).
Just the Beginning? TAO has performed quite well today (October 16), largely because of the market’s overall resurgence, with Bitcoin (BTC) reclaiming $82,000 and Ethereum (ETH) rebounding to around $2,450.
On top of that, another catalyst tied directly to the asset’s ecosystem could be in play. Bittensor’s team revealed the release of Null Consensus, a major protocol update that expands subnet capacity from 256 to 2,500 participants.
“It introduces a new way to determine miner rewards, giving subnet owners an alternative to Yuma Consensus,” the announcement reads.
The update also introduces optional proof-of-work registration, letting miners join subnets without spending TAO upfront. Instead of paying a fee, they can now solve a computational challenge using their hardware.
“This opens the door for more miners, including autonomous AI agents, to join Bittensor using compute alone,” the team added.
The asset has drawn numerous bullish predictions lately, and the latest price increase prompted further commentary. X user Michael van de Poppe said he’s started to like TAO’s chart even more because he sees “a clear bullish structure.”
Lucky and Sjuul | AltCryptoGems also weighed in. The former recently envisioned a potential increase toward $350-$400 by the end of the year, while the latter claimed the price has been consolidating within a massive range since the summer of 2024 and that could ultimately give way to an “epic expansion,” assuming macro support levels continue to hold.
You may also like: ‘Buy Crypto’ Google Searches Hit Yearly Highs: Is Retail Coming Back? Altcoins Are Rallying, But Analyst Says Alt Season Has Yet to Begin Trump’s $5,000 Checks Could Send Billions Into Bitcoin and Crypto: But There’s a Catch For their part, Crypto Candy maintained that this is the last chance to buy the asset below $300, expecting a 10x explosion in the midterm.
The Crazy Bet X user Rob Greer recently made a much more bullish price prediction than the ones above. He projected that TAO’s market cap could skyrocket above $1 trillion by 2030, suggesting the asset’s valuation “is moving at the speed of BTC, but the innovation is moving at the speed of AI.”
For now, that scenario seems highly unlikely. The token’s market capitalization is currently below $3.3 billion, meaning it would need to gain over $30,000 to reach that level. On the other hand, the crypto market is known for defying expectations, so who knows what the future might bring.
Beating AI Insight News Brief: US AI firm Reflection has uploaded the weights of its first large language model Beam 1.0 to Hugging Face, fulfilling its October 5 announcement. The model uses a Mixture-of-Experts (MoE) architecture, has a total of 501 billion parameters, with around 23 billion activated per inference, and supports a 1 million-token context window. Three versions—BF16, FP8, and NVFP4—are released simultaneously under the Apache 2.0 license, allowing commercial use and secondary development. Reflection also open-sourced its accompanying programming agent framework Mirror CLI, which supports tool calling, parallel task execution by multiple agents, and custom model interfaces. The company additionally launched DFlash2, a model accelerator that generates multiple candidate tokens in advance for validation by the main model. The vLLM team optimized Beam’s underlying code using the programming agent: on 8 GB200 GPUs, the per-step computation time for single-request decoding dropped from 8.95 milliseconds to 3.30 milliseconds, reaching 2.71 times the speed of the initial version. The release is backed by over 40 partners including AWS, Google Cloud, and NVIDIA. A recent independent evaluation by Artificial Analysis scored it 30 points, ranking second among open-weight models in the US, trailing only Meta’s Muse Spark Open (39 points). However, it falls behind Chinese models such as DeepSeek V4 Flash (39 points) and Zhipu GLM-5.3 (45 points). Reflection is valued at approximately $25 billion. On October 10, the Financial Times reported that NVIDIA, which has already invested around $800 million, is discussing further capital injection or an acquisition of Reflection.
Google Quantum AI reduced errors 40-fold on its Willow processor using magic state distillation. Researchers achieved 99.99% logical fidelity, but retained only 8% of attempts. Google’s earlier research estimated that future quantum attacks could threaten Bitcoin’s digital signatures. Coinbase urged Bitcoin developers to prepare quantum-resistant security upgrades before future attacks become practical. Starknet opened a governance vote as it explores becoming an independent, quantum-resistant blockchain. Google Quantum AI reported a new test on its Willow processor on Thursday, reducing errors in a key quantum operation by 40 times. The findings also revived Bitcoin security concerns.
Google Quantum Test Reaches 99.99%, State Fidelity The study, published in Science on October 15, tested a process called magic state cultivation. Willow produced special quantum states with 99.99% logical fidelity.
Quantum computers need these states for complex calculations. Earlier estimates suggested their production could consume up to 95% of a machine’s capacity.
Google filtered out faulty states through repeated checks on Willow. Just 8% passed. Researchers successfully transferred the remaining states between two error-correction methods, although larger tests are still needed.
Bitcoin Faces a Longer-Term Quantum Risk In March, Google Quantum AI researchers estimated that a future machine might break Bitcoin’s current signature protection using fewer than 500,000 physical qubits. The calculation assumed future hardware, not a successful attack.
The researchers described a possible nine-minute attack against transactions with exposed public keys. About 6.9 million BTC may face exposure through already visible public keys.
Other networks are also debating protections. Cardano founder Charles Hoskinson challenged Vitalik Buterin’s concerns about AI-assisted attacks on lattice cryptography in an October 9 X post, arguing that security choices require evidence.
Coinbase Calls for Early Bitcoin Preparation Coinbase published a security paper on October 13 urging developers to plan before quantum attacks become practical. It called Bitcoin’s eventual transition a multiyear effort.
Its recommendations include examining BIP-360, which changes how certain Bitcoin transactions reveal keys. Coinbase also discussed wallets that could support existing and newer signature methods during a transition.
In its Bitcoin quantum security plan, Coinbase cited limited block space, custody systems and dormant coins as unresolved problems. Owners who have lost access to their wallets may be unable to move funds when upgrades become available.
Other Networks Review Their Security Plans Starknet said on X that it was considering becoming an independent blockchain, with a goal of reaching quantum resistance in 2027. Its account has more than 350,000 followers.
On October 15, Starknet opened a nonbinding vote on whether to study that change. The vote runs through October 22 and does not authorize a network move. Google has separately set a 2029 target for its own cryptography transition.
Starknet now has a velvet rope. The Starknet Foundation introduced the Starknet VIP Program on October 16, 2026, and it targets holders of the network’s native STRK token and strkBTC, its Bitcoin wrapper asset.
According to the program’s page at vip.starknet.io, the program is now open to supported STRK and strkBTC holders.
What VIP status actually gets you The perks lean toward access rather than cash. Qualifying holders are set to receive priority support, direct interaction with the Foundation team, confirmed access to events, and additional benefits the Foundation has yet to disclose.
The program covers two assets with different jobs. STRK serves as Starknet’s governance and staking token, and it is also used to pay fees on the network. In practical terms, STRK is how you vote, how you stake, and how you pay for transactions.
strkBTC is the newer piece. It launched in May 2026 as a wrapped version of Bitcoin built for Starknet’s DeFi applications.
strkBTC was initially secured by a federation of institutions. It also includes optional shielding, which lets users keep certain transactions private.
The Bitcoin push behind the perks The VIP Program did not arrive in a vacuum. It follows a string of Bitcoin-focused moves as Starknet works to build out what the industry calls BTCFi, or decentralized finance built around Bitcoin.
In late 2025, Starknet distributed 100 million STRK as part of its push toward Bitcoin integration.
More recently, the network ran a program covering bridging fees for the first 100 BTC moved onto Starknet.
There is also a weekly strkBTC faucet worth approximately $833.
Starknet recently launched v0.14.4 on mainnet, and the VIP Program arrives in the middle of that ongoing upgrade cycle.
What this means for holders and the network On the market side, research findings note a 47% increase in STRK’s value shortly after the announcement, a move linked to interest in BTCFi and privacy upgrades.
There are open questions worth watching. The Foundation has not yet published eligibility thresholds or how long the program will run.
strkBTC’s security model also bears watching. Because it was initially secured by a federation of institutions, users are trusting that group to manage the underlying Bitcoin.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Ondo Finance’s dominance of the tokenized equities market has narrowed, with its share sliding from 56% to 26% between early January and the week of Oct. 5 as new entrants such as Binance and Robinhood attracted users and capital, according to new research from DWF Labs.
An early mover in institutional real-world asset tokenization, Ondo still led the market with about $1 billion in value during the period, while the sector’s total market value climbed 483% to $3.8 billion.
Binance’s bStocks, which recently hit $1 billion in assets under management, grew to $905 million and captured 24% of the tokenized stock market, the report reveals. Robinhood’s tokenized equities increased from $20 million following their July launch to $170 million.
Meanwhile, Securitize reached $290 million, accounting for 8% of the market, while xStocks grew from $187 million to $954 million and maintained a 25% share.
The report notes that Ethereum’s early lead in tokenized equities has weakened as issuers have expanded into competing networks. Its share declined from 50% at the start of the year to 22% in October, while BNB Chain increased from 9% to 32%.
Binance’s entry also strengthened BNB Chain, where CRCLb, SPCXb and MSTRb rank among the 10 largest tokenized equities. Avalanche, which had no market share at the start of the year, reached 9% after Securitize launched tokenized shares on the network in July.
On-chain activity jump 42-fold in 2026
On-chain activity in tokenized equities has increased sharply in 2026, with weekly transfer volume rising 41.8-fold from $420 million in early January to $17.5 billion in early October, according to the report.
Turnover climbed from 0.64 times to 4.6 times market capitalization, while weekly decentralized exchange (DEX) trading velocity rose from 0.07 times to 0.67 times market capitalization.
Trading peaked at about $7.3 billion in the week of Aug. 31, with Robinhood Chain accounting for approximately $5.4 billion, the report details.
Activity has also spread across more networks. Solana’s share of trading fell from 99.8% in January to 31% in October, while Robinhood Chain, BNB Chain and Base captured 26%, 25% and 18%, respectively.
Tokenized equities are also seeing increased use in decentralized finance (DeFi). Active total value locked (TVL) rose about 20-fold, from $15.5 million on Jan. 1 to $313 million on Oct. 15, compared with 5.8-fold growth in market capitalization between early January and early October. Deployed capital increased from approximately 2% to 8% of market capitalization.
Spot DEX pools held $77.9 million, followed by lending and borrowing markets at $51.3 million, Saturn at $50.9 million, Figure Markets Exchange at $48.9 million and Pendle yield markets at $42.6 million. The top 10 protocols accounted for 89% of total deployed value.
Despite rising trading activity and DeFi adoption, tokenized equities are still small relative to traditional equity markets, which DWF Labs estimates at $75 trillion in the US and $150 trillion globally. The gap leaves enormous potential for further growth as on-chain trading and DeFi use develop.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
After losing $2 support and falling to a low of $1.8, LayerZero [ZRO] made a strong comeback amid a broader market trend reversal.
The altcoin successfully defended the $2 level and climbed to a local high of $2.25 at press time, after gaining 23% on the daily charts.
Is LayerZero’s demand returning?
The market largely recovered, driven by renewed interest in the derivatives. Previously, ZRO, like most altcoins, saw a collapse in derivatives, which intensified downside pressure.
Now, it seems the trend has reversed. As a result, the altcoin’s Open Interest (OI) surged 31% to $275 million, while the derivatives volume rose 63% to $336 million as of writing.
Source: Coinglass
The rising OI alongside volume implied increased market participation and steady capital flow into new positions. Meanwhile, the altcoin’s Long/Short Ratio rose above 1 across all tracked exchanges.
At these levels, the ratio implied that traders were overly bullish and largely opened new and expanded existing long positions.
Two major hurdles remain for ZRO
Despite the recent gains, LayerZero faces both short and long-term risks. For short-term concerns, the altcoin is experiencing heavy profit-taking.
After the trend reversed the past day, inflows into exchanges skyrocketed, with over $26 million entering exchanges. As a result, the Spot Netflow rose above $3.5 million.
Source: Coinglass
An elevated positive Netflow implied that deposits outpaced withdrawals over the said period, a clear sign of aggressive profit realization.
Typically, when profit takers dominate the market, it raises selling pressure, which usually precedes market weakness.
Additionally, community chatters have raised concerns about the upcoming unlocks. On the 20th of October, LayerZero will unlock 25.7 million ZRO, worth approximately $56.5 million at the current price.
Source: Coinglass
Proxonchain reported that previously, these unlocks have resulted in an over-double-digit slip. This raises concerns about the trend’s long-term sustainability, and given prior behavior, the market could drop.
What do momentum indicators suggest?
Structurally, even with the recent price hike, the momentum is yet to confirm an upside. At the time of writing, the MACD sat below its signal line, suggesting that downward pressure remains strong.
Likewise, the Relative Vigor Index (RVGI) confirmed this trend of weakness, remaining in the negative zone and continuing to decline.
Source: Tradingview
These two indicators suggest that bearish pressure is relatively strong and that bullish pressure is insufficient to prompt a trend reversal.
Therefore, if the profit taking persists, we could see LayerZero fail to extend the rally and fall below $2. The upcoming unlocks will make things worse and intensify the downside, with $1.8 as critical support.
For now, if the recent speculative demand holds, ZRO could clear the $2.4 resistance and target $2.5.
Final summary
LayerZero surged 24%, defended $2, and rose to a local high of $2.25 amid renewed demand.
ZRO’s rally attracted increased profit-taking, raising concerns about another pullback alongside upcoming unlocks.
Post-quantum signatures have a weight problem. They typically run 10 to 100 times larger than the classical signatures that blockchains rely on today.
On October 16, 2026, LayerZero Labs unveiled Aerie, a system built to put those signatures on a diet. The research was developed with a16z crypto research, Carnegie Mellon University, and Imperial College London.
What Aerie actually does
Aerie is a signature aggregation system that combines large batches of Falcon signatures, which NIST has standardized as FN-DSA, into a single compact proof. Under the hood, it relies on a lattice-based polynomial commitment scheme called Akita.
The headline benchmarks are notable. Aerie aggregated 32,768 Falcon-512 signatures in 0.65 seconds, and 16,384 Falcon-1024 signatures in 0.63 seconds.
Those runs happened on an Apple M4 Max MacBook Pro using only CPU cores. No GPU acceleration was involved.
Throughput lands at roughly 46,000 Falcon-512 signatures per second. Peak memory use during processing came in at 2.1 GiB.
On size, the aggregated proofs work out to approximately 42 bytes per signature. The team says that is 16 times smaller than its predecessors.
Verification also gets quicker. Checking an Aerie proof is 10 times faster than verifying each signature individually on a single core.
How it stacks up against earlier work
Aerie is not the first attempt at this problem. The research compares it directly against Orthus, an earlier signature aggregation system, on comparable hardware.
It delivers 1.5 times faster proving, 38 times faster verification, and proofs that are 1.7 times smaller.
The research also says Aerie compares favorably to Ethereum’s leanVM approach in terms of network throughput.
Why signature size became the bottleneck
Most blockchains secure accounts and consensus with elliptic curve cryptography. Schemes like Ed25519 and BLS are compact and fast, which is a big reason they became the default.
The catch is that sufficiently capable quantum computers pose a serious risk to elliptic curve and RSA-based systems. That threat has pushed the industry toward NIST-standardized post-quantum alternatives such as ML-DSA and FN-DSA.
BLS signatures also have a party trick that most post-quantum schemes lack: they aggregate efficiently, letting many validators’ approvals collapse into one.
Falcon sits in an interesting spot. Among the NIST candidates, its signatures are relatively small, but it lacked practical aggregation capabilities until now.
What this means for blockchains planning a quantum migration
LayerZero frames Aerie as a migration path to post-quantum security that does not require specialized hardware.
Running on a consumer laptop’s CPU at sub-second speeds suggests that low-latency post-quantum consensus may be achievable without raising the bar for participation. The researchers present the results as a demonstration of that potential rather than a finished, deployed product.
Roughly 42 bytes per signature after aggregation is a far more manageable figure than the raw sizes that have made post-quantum migration look painful.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The new swaps track Trade.xyz perpetual markets on Hyperliquid, with Ripple Prime taking the other side of each trade and accepting RLUSD as collateral.
Ripple Prime now offers institutions 24/7 swaps tied to perpetual futures on Hyperliquid
Posted October 16, 2026 at 6:26 am ET.
Ripple Prime, Ripple’s institutional prime brokerage, now lets clients hold positions on stocks, indices, commodities and currencies at any hour through swaps tied to perpetual futures on Hyperliquid, Ripple announced on Oct. 15.
Market maker Virtu is one of the institutions already using the product. The swaps track more than 100 markets across stocks, stock indices, ETFs, metals, energy and currencies, and they trade and settle 24/7, weekends included.
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How the Swaps Work Clients do not trade on Hyperliquid themselves. Ripple Prime enters each swap as principal, and the contract’s value follows a perpetual futures market that Trade.xyz lists on the decentralized derivatives exchange. Perpetual futures never expire, so a position stays open for as long as the trader keeps it funded.
Because the swaps sit inside a client’s Ripple Prime account, they can be cross-margined against the other asset classes the firm handles. Clients can also post Ripple’s RLUSD stablecoin as collateral, though Ripple said availability depends on the jurisdiction. The company pitched the result as one counterparty and one consolidated view of margin and risk.
“RWA swaps are where traditional and digital markets meet,” said Michael Higgins, Ripple Prime’s international CEO, in the announcement. He added that institutions want exposure to equities, commodities and currencies “with the round-the-clock access and efficiencies of digital infrastructure.”
Scotte Moegling, Virtu’s head of business development for digital assets, said in the same release that Ripple Prime’s cross-margining helps the trading firm “expand our presence more efficiently as markets move toward round-the-clock access.”
One License for Now For now, the product is available only through Ripple Prime’s CIV BVI license. More regions are planned, Ripple said, though it didn’t say which.
The launch builds on Ripple Prime’s earlier move onto the venue. In February, it added support for Hyperliquid so clients could margin onchain derivatives alongside their other holdings.
Trade.xyz’s lineup on Hyperliquid already includes an officially licensed S&P 500 perpetual, which debuted in March after S&P Dow Jones Indices granted the license.
Related Listen: The NYSE CEO Calls Hyperliquid ‘Bigger Than the Nasdaq’: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Trading in Hyperliquid’s Tesla contract rose from $2.8 million to $47 million in a single hour overnight. It is already the contract’s second-busiest day since launch.The contract’s price rose about 5% to roughly $378. Binance’s Tesla contract was still the largest, with $279 million in 24-hour volume against Hyperliquid’s $159 million, according to RootData.The contract tracks Tesla’s stock price but is not a tokenized share. It trades around the clock and allows up to 20x leverage.Traders rushed into Tesla-linked crypto markets overnight after Elon Musk unveiled a flying version of the Roadster, with trading on Hyperliquid jumping while U.S. stock markets were closed.
The surge shows how crypto exchanges that never close are becoming the first place investors react to news about traditional companies.
Musk demonstrated the prototype, which uses SpaceX thruster technology, on Oct. 15, after Tesla TSLA$351.98 shares closed at $362.44. Hyperliquid’s TSLA perpetual contract rose about 4.9% to roughly $378, and hourly trading volume leapt about 1,580%, from $2.8 million to $47 million.
TLSA market on Hyperliquid (Hyperliquid)It is already the contract’s second-busiest day since listing a year ago, with the daily candle only nine hours old. Binance remained the largest venue, with $279 million in 24-hour volume versus Hyperliquid’s $159 million, according to RootData, but Hyperliquid held the most open interest, at $99 million. Tesla shares were up about 4.5% in premarket trading.
Hyperliquid’s contract, listed through Trade.xyz, is a perpetual future that tracks Tesla’s stock price rather than a tokenized share. It settles in USDC, allows up to 20x leverage and requires no brokerage account. The contract trades around the clock, so it was one of the few ways to bet on Tesla’s price while Nasdaq was closed. Tesla is due to report third-quarter earnings on Oct. 21.
Ripple Prime, the institutional brokerage division of Ripple, has introduced a new prime brokerage offering that allows clients to maintain perpetual positions across multiple asset classes—including stocks, commodities, indices, and foreign exchange—at any hour. The feature, announced on October 15, leverages swaps tied to perpetual futures listed on Hyperliquid, a decentralized derivatives exchange.
Expanded asset access through perpetual swapsVirtu, a leading global market-making firm, is among the first institutions to adopt Ripple Prime’s new product. These swaps provide exposure to more than 100 different markets, covering equities, indices, exchange-traded funds, metals, energy products, and forex pairs. Trading and settlement are available continuously, including weekends, enabling institutions to respond instantly to market developments worldwide.
Clients interact with these swaps entirely through their Ripple Prime account; they do not trade directly on Hyperliquid. Ripple Prime acts as principal for each swap contract, mirroring the pricing and performance of perpetual futures markets listed on the Hyperliquid platform by Trade.xyz.
Perpetual futures, which have no expiration, allow clients to keep positions open indefinitely as long as required margin is maintained. This flexibility supports various trading strategies and round-the-clock engagement across traditional and digital markets.
Swaps held in a Ripple Prime account can be cross-margined against other supported assets, which helps institutions optimize capital efficiency and risk management. Clients may post Ripple’s RLUSD stablecoin as collateral for these positions, although this feature’s availability depends on local regulations and client jurisdiction. The company emphasized its approach of offering a single counterparty framework with unified margin and risk visibility.
FeatureRipple Prime SwapsTraditional HoursTrading hours24/7, including weekendsLimited to exchange hoursAssets coveredStocks, indices, ETFs, commodities, forexVaries by venueSettlementContinuousClearing cyclesCollateral typeRLUSD stablecoin, othersUsually fiat, securitiesIndustry perspectives and global rolloutMichael Higgins, Ripple Prime’s international CEO, commented on the launch, noting the convergence between traditional and digital markets through the new swaps. He highlighted institutions’ growing demand for access to asset classes like equities, commodities, and currencies, combined with the continuous access and operational efficiencies made possible by digital infrastructures.
Ripple Prime’s international CEO Michael Higgins described RWA swaps as the meeting point of digital and traditional markets, emphasizing that institutional clients increasingly seek full-time access and the benefits of digital infrastructure for a broader set of assets.
Scotte Moegling, Virtu’s head of business development for digital assets, stated that the cross-margin capabilities in Ripple Prime’s platform allow the trading firm to increase its efficiency as financial markets transition toward non-stop trading.
Virtu’s Scotte Moegling underscored the importance of cross-margining, saying it allows the company to support an expanding global presence and adapt quickly as institutional trading becomes more continuous.
Regional rollout and earlier stepsCurrently, access to the new swaps offering is available only under Ripple Prime’s CIV BVI regulatory license. Ripple intends to expand into additional jurisdictions, but did not specify a timeline or regions in the initial announcement.
This development follows Ripple Prime’s February integration with Hyperliquid, which initially enabled clients to collateralize onchain derivatives within the same account as other asset classes. The new product further extends these cross-asset and cross-platform capabilities.
Trade.xyz, the company listing these perpetual markets on Hyperliquid, already offers an officially licensed S&P 500 perpetual contract. This product, which debuted in March, was launched after S&P Dow Jones Indices granted express licensing approval. Hyperliquid, as a decentralized trading platform, enables users to trade derivatives without an intermediary, supporting increased accessibility and transparency.
Mini dictionary: Hyperliquid is a decentralized derivatives exchange offering continuous, onchain trading of perpetual futures contracts across multiple asset classes, providing non-stop market access outside traditional exchange hours.
Ripple Prime has launched a new service offering 24/7 swaps on real-world assets such as equities, ETFs, metals, energy, and currencies, utilizing perpetual futures on the Hyperliquid platform. This move is aimed at expanding institutional access to blockchain-based derivatives tied to traditional assets, operating outside conventional exchange hours. The service, which allows for cross-margining and uses RLUSD as collateral, is currently under Ripple Prime’s BVI CIV license. Market maker Virtu is among the first to onboard this service, highlighting early institutional interest.
This development comes as Ripple Prime seeks to enhance its institutional prime-brokerage platform, which now supports over 100 reference markets. The introduction of perpetual swaps could potentially drive increased interest in Hyperliquid, a blockchain platform known for its comprehensive offering of financial products. The market’s current pricing suggests that this announcement could have a moderate impact, reflecting potential growth in institutional adoption.
Market participants appear to be factoring in these developments, as evidenced by the odds movement in relevant prediction markets. The market for Hyperliquid reaching $100 by December 31, 2026, is currently priced at 45% YES, up from 43% the previous day, suggesting a slight increase in optimism towards Hyperliquid’s potential value appreciation.
Key Takeaways Ripple Prime’s introduction of 24/7 swaps appears consistent with scenarios of increased institutional interest in blockchain-based financial products. The early adoption by Virtu suggests institutional clients may view this offering as a significant expansion of their capabilities. Market pricing implies a moderate positive impact on Hyperliquid’s perceived value, as reflected in the modest increase in YES odds for reaching $100 by year-end. What to Watch Market participants will likely monitor the uptake of Ripple Prime’s new service among other institutional players and any resulting changes in market dynamics. Key indicators will include announcements of additional early adopters or partnerships that could further validate the service’s appeal. Any significant shifts in Hyperliquid’s volume or price movements could provide additional insights into the market’s response to this development. Additionally, regulatory updates impacting blockchain-based derivatives could influence market sentiment in the coming months.
What Price Will Hyperliquid Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 40.5% -4.5¢ $800 View market → January 1 2027 2.5% +0.1¢ — View market → January 1 2027 1.4% 0.0¢ $138 View market → January 1 2027 2.9% -0.1¢ $1K View market → January 1 2027 1.7% -0.3¢ $1K View market → January 1 2027 5.2% -0.1¢ $2 View market → January 1 2027 3.5% 0.0¢ — View market → January 1 2027 3.2% -0.3¢ $60 View market → January 1 2027 11.5% 0.0¢ $639 View market → January 1 2027 6.5% +0.5¢ — View market → Xrp All Time High
Contract Odds Δ since publish Volume 24h December 31, 2026 5.3% 0.0¢ — View market → Updated 7min ago
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