Market Signal Briefing

TL;DR

Sui, Ethena and EigenLayer are preparing for large token unlocks this week totaling approximately $339 million, introducing fresh supply to the market.
Traders are watching these developments closely as Bitcoin, Ethereum, and BNB trade at high levels, creating conditions for an “Uptober” rally.
Market participants are balancing potential price pressure from new token releases with optimism around broader crypto gains in early October.

Sui, Ethena, and EigenLayer are among the leading cryptocurrencies experiencing cliff token unlocks by value this week. With Bitcoin above $112,000, Ethereum holding at $4,100, and BNB surpassing $1,007, investors are turning their attention to potential risk-on momentum. The combination of rising prices for top coins and fresh token releases is fueling anticipation for an “Uptober” rally, where early gains could extend across select altcoins and attract additional trading interest.

Traders Weigh Token Unlock Risks And Opportunities
SUI, the native token of the high-throughput Sui blockchain, is trading near $3.31, reflecting a 6% increase over the past 24 hours but down 1.7% over the week. The upcoming cliff release on October 1, 2025, will introduce 44 million tokens valued at $143.8 million, approximately 1.2% of circulating supply. Analysts note that most SUI allocations remain locked under long-term vesting schedules, reducing the likelihood of immediate market disruption. Short-term support may appear near $2.90, while ongoing ecosystem developments, upcoming DeFi integrations, and strategic partnerships could help stabilize prices.

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Ethena and EigenLayer are set to follow similar unlock patterns. ENA will see 212.5 million tokens released, worth around $126.7 million or 3.2% of circulating supply, with key levels between $0.55 and $0.65. EigenLayer’s EIGEN unlock involves 36.82 million tokens valued at $68.5 million, representing 13.7% of its circulating supply. Early investor allocations dominate these releases, and analysts project support near $1.70. Positive catalysts such as EigenCloud expansions, Google Cloud partnerships, and Ethereum ecosystem traction may create upside momentum, potentially driving EIGEN above $2.10 and toward $3, attracting broader market participation in the process.

Market Sentiment Could Shape Uptober Outcomes

Fresh supply is not the only factor influencing prices. Overall risk appetite and macro crypto sentiment remain key. With Bitcoin, Ethereum, and BNB trading at elevated levels, traders are evaluating whether the market can absorb additional tokens without triggering sell-offs. Analysts suggest cautious optimism: tokens with structured vesting schedules and strong ecosystem fundamentals may benefit from renewed investor interest, supporting an extended Uptober rally across high-potential altcoins and encouraging new market entrants.

Jupiter (JUP) trades at $0.426 after a 23% monthly loss; upcoming lending launch could drive recovery toward $0.475–$0.507 if demand builds.Celo (CELO) trades at $0.252 near its $0.236 all-time low; the Sepolia testnet upgrade may boost sentiment and push price to $0.267–$0.287.Onyxcoin (ONYX) trades at $0.0106 with support at $0.0103; Goliath testnet launch and Bitcoin correlation could fuel a rally to $0.0128.As the month of October begins, the Q3 2025 is also set to begin which is usually a strong month for the crypto market. This is usually when the altcoin season starts to hype up and rather small and obscure coins pick up traction as well.

Given external factors majorly play into this growth, BeInCrypto has analysed three altcoins that the investors should be watching in the coming week.

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Jupiter (JUP)
JUP’s price has recorded a steep 23% monthly loss, now holding at the $0.426 support level. The altcoin appears to be bouncing off this critical floor, but sustaining a recovery will require strong investor backing.

Investor optimism could return as Lending on the Jupiter exchange is set to launch this month. The introduction of this feature is expected to attract new capital and market participants, creating additional demand for JUP. This development could provide the catalyst needed for the token’s value to recover further.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

JUP Price Analysis. Source: TradingView
With added investor interest, JUP price could climb toward $0.475 and potentially test $0.507. However, failure to breach these resistance levels may leave the altcoin consolidating between $0.475 and $0.426. 

Celo (CELO)
CELO is trading at $0.252 after suffering a 24% monthly decline, mirroring losses seen in JUP. The altcoin now sits dangerously close to its all-time low of $0.236, a level last tested three months ago, raising concerns about further downside risks if bearish pressure persists.

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Celo is preparing for a major upgrade, with the Baklava and Alfajores testnets under Holesky scheduled for deprecation by the end of September. From then on, all testing and integrations will transition to Celo Sepolia, the new Ethereum Layer 2 testnet. This shift could boost developer activity and investor sentiment.

CELO Price Analysis. Source: TradingView
The upgrade may help CELO climb from $0.252 toward $0.267 and potentially $0.287 if bullish momentum strengthens. However, without supportive market conditions, CELO could fail to rally and instead drop back to its all-time low of $0.236, which would invalidate the short-term bullish outlook.

Onyxcoin (ONYX)
Onyxcoin is preparing for the launch of its long-awaited Goliath testnet, scheduled for late September or early October. The development has been in progress for months, and its rollout could be the catalyst needed to restore momentum.

The launch could help revive investor interest in XCN, which is trading at $0.0106 while struggling to maintain support above $0.0103. Despite recent weakness, Onyxcoin maintains a strong 0.77 correlation with Bitcoin, suggesting its price trajectory could closely mirror broader crypto market movements in the short term.

XCN Price Analysis. Source: TradingView
If Bitcoin continues to rise and the Goliath testnet delivers as expected, XCN could rally toward $0.0128. However, if bullish support fails to materialize, the altcoin risks slipping below $0.0103 and potentially falling further to $0.0095, which would invalidate the optimistic price outlook for Onyxcoin.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Ethereum is currently trapped between strong higher-timeframe support and heavy resistance left behind by the recent breakdown.

Bulls must defend the $3.9K base to keep the broader uptrend intact, while reclaiming the $4.2K resistance band would provide confirmation for a continuation move toward the previous highs.

Technical Analysis
By Shayan

The Daily Chart
On the daily timeframe, ETH has pulled back from its recent peak into a critical support confluence, including the 100-day moving average and the ascending channel’s lower boundary around $3.8K. Despite the recent sell-off, the cryptocurrency remains above the 200-day moving average, which continues to serve as a longer-term bullish anchor.

The rejection from the order block near $4,600–$4,700 has left the market vulnerable to short-term downside pressure. However, as long as the price holds above $3.8K–$3.9K, there remains scope for recovery. A sustained daily close back above the order block would likely trigger renewed bullish momentum.

Source: TradingView
The 4-Hour Chart
On the 4-hour chart, Ethereum sharply declined into the $3,800–$3,900 demand region, which overlaps with the channel’s lower boundary, and quickly attracted buyers. This bounce has lifted the price toward the $4,200 zone, where short-term resistance is now being tested.

Above this level, the $4,300–$4,400 range stands out as the next critical resistance, aligning with the decision point (DP) and key Fibonacci retracements.

A failure to reclaim momentum above $4,200 could force ETH into further consolidation, or even another retest of the $3,800 demand block. Conversely, a clean breakout would pave the way for ETH to revisit higher resistance zones, ultimately targeting the $4,600–$4,700 order block.

Source: TradingView
Sentiment Analysis
By Shayan

The liquidation heatmap highlights that Ethereum’s recent decline triggered a long squeeze, wiping out a dense cluster of overleveraged positions just below $3,900 before rebounding.

Currently, ETH is pressing against the $4,200 resistance, where another dense liquidity cluster has formed. This zone represents both a hurdle and a magnet for price action. If Ethereum successfully breaks above this area and clears the liquidity overhead, the next major concentration lies above the $4,700 swing highs.

This makes a liquidity sweep of those highs increasingly likely, as the market tends to gravitate toward such pools. In short, while buyers must first absorb the supply at $4,200, the larger liquidity resting above $4,700 suggests Ethereum’s path of least resistance remains tilted upward.

Source: Coinglass

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Representation of Bitcoin coin cryptocurrency is seen in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

LONDON, Sept 29 (Reuters) - A Chinese woman accused of laundering bitcoin which was linked to an alleged 5 billion-pound ($6.7 billion) fraud pleaded guilty in a London court on Monday.

Qian Zhimin, who was also known as Zhang Yadi, appeared at Southwark Crown Court for the first day of her trial but decided to change her pleas.

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The 47-year-old admitted one count of possessing criminal property and one count of transferring criminal property.

Judge Sally-Ann Hales remanded Qian in custody ahead of sentencing, which will take place at a later date.

Qian was arrested after an investigation in which British police seized wallets holding more than 61,000 bitcoin, currently worth 5.1 billion pounds – making it one of the largest cryptocurrency seizures by law enforcement worldwide.

Her lawyers said in a statement issued after her arrest last year that Qian denied "the allegations of fraud levelled against her in China".

Reporting by Sam Tobin; editing by William James

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Bitcoin’s rally has found a footing. After threatening to break below the critical $107K support late last week, a level closely watched by traders and whales, the price has since rebounded, climbing back above $112K on renewed weekend buying. The recovery signals that whale accumulation may have provided the cushion noted in Friday’s trade, but BTC still faces strong resistance overhead.

Why ETF Outflows Don’t Mean Weakness for Bitcoin Bulls
Last week’s decline was largely tied to quarter-end portfolio rebalancing. CME-based Bitcoin futures and options shed more than $4.3 billion in open interest between September 18 and 26, data from Velo show. U.S. spot Bitcoin ETFs also turned red for the first time in a month, with net outflows of around $902 million, led by Fidelity’s FBTC and BlackRock’s IBIT.

While the flows sparked concerns, market desks argue they reflect normal quarter-end positioning rather than a deterioration in sentiment. Perpetual traders, in contrast, added exposure, open interest across Bitcoin perpetual contracts rose from $42.8 billion to $43.6 billion, alongside positive funding rates.

Bitcoin Price Gets Relief From Softer U.S. Dollar and Fed Expectations
The rebound also came on the back of a slightly weaker U.S. dollar and steadier interest rate expectations, giving risk assets a short-term boost. Analysts point out that the weekend bid was not purely speculative, but tied to renewed accumulation from larger investors who had sat out last week’s volatility.

“Optimism is re-emerging,” Singapore-based QCP Capital noted, highlighting that buying pressure is broadening out as Bitcoin prepares to enter Q4, historically its strongest quarter with a median return above 50%.

Dormant Bitcoin Wallets Reactivate as Long-Term Holders Move Coins
Adding to the narrative, on-chain data show renewed activity among long-term holders. A dormant wallet holding 400 BTC ($44 million) moved funds for the first time in 12 years over the weekend, joining a series of “Satoshi-era” wallets that have reawakened in recent months. While such moves can spark short-term caution, they also underline how much value has accrued over Bitcoin’s history, up more than 830x since 2013.

Bitcoin Chart Analysis Today
Bitcoin is trading near $112,000 after bouncing off last week’s lows. The chart shows that price is stuck in a wide range, moving between big support and resistance zones.

Support around $107,000: This is the “floor” where buyers have been stepping in. If Bitcoin slips below this level, it risks sliding toward the next safety net near $91,000.
Resistance at $125,000: This is the “ceiling” that has capped every rally in recent months. Unless Bitcoin breaks above it, big upside momentum will remain limited.

Right now, Bitcoin is not trending strongly up or down. Traders are watching for a clear move out of this range to set direction for Q4.

In simple terms, Bitcoin is holding steady, but the real battle is between $107K support and $125K resistance. A break on either side will likely decide the next big move.

Bitcoin Price Outlook: Key Levels to Watch Into Q4 2025
Bitcoin’s bounce back above $112K is a positive sign, but the market is not out of the woods yet. The $110K area remains the line that buyers must defend, while $118K to $120K is the zone that needs to flip for momentum to return. If price clears $125K, traders will start talking about a proper Q4 rally. For now, sentiment is cautious, ETF flows have softened and the macro picture is still cloudy, but Bitcoin has a habit of surprising when positioning looks heavy on one side.

Bitcoin FAQs

Why did Bitcoin price drop toward $107K?

Many traders want to know what’s driving the slide: macro pressures, leverage squeezes, or profit-taking.

Can whale buying prevent a crash?

There’s a lot of chatter about whether large holders (whales) accumulating enough BTC can act as a floor to stop a bigger fall.

Are ETF flows hurting or helping Bitcoin?

Given recent outflows and inflows, investors are curious how spot and futures ETF activity is affecting sentiment.

Is the U.S. dollar or Fed policy hurting BTC?

Many want to see how interest rate expectations, dollar strength, or macro policy moves are feeding into Bitcoin’s direction.

This article was originally published on InvestingCube.com. Republishing without permission is prohibited.

Key takeaways:

Declining ETH supply on exchanges signals a potential rally in the making.

Ethereum weekly DEX volume jumped 47% reflecting improving sentiment.

Historical data shows ETH price gains 4.77% on average.

Ether (ETH) price climbed back above $4,000 on Monday, after a 3.5% climb over the last 24 hours. This recovery has sparked hopes of ETH resuming its bull run in October, backed by several onchain, historical and technical data.

ETH/USD hourly chart. Source: Cointelegraph/TradingViewDeclining ETH supply on exchangesAs Cointelegraph reported, Ether supply on centralized exchanges has dropped to its lowest point since 2016, driven by growing institutional accumulation.

CryptoQuant analyst CryptoMe points out three reasons why ETH reserves on exchanges are dropping:

Investors withdrawing into self-custody;

Moving ETH to staking or exchanges;

Transfers to a new wallet.  

Total Ethereum exchange outflows are also on the rise. These outflows are now at levels seen during the late phases of the 2022 bear market when quantitative tightening was at its “hottest point,” wrote CryptoMe in a Quicktake analysis on Saturday.

Following that, the FTX crisis led to a significant number of ETH tokens being withdrawn from exchanges.  

“Is ETH about to boom?” the analyst asked, adding:

“When demand triggers, the rally starts. Falling reserves prepare the ground for that rally.”Ethereum DEX volumes jump 47% in a weekBullish sentiment is also reflected in a 47% weekly leap in decentralized exchange (DEX) activity on the Ethereum network.

Ethereum weekly DEX volume. Source: DefiLlamaDEX volumes on Ethereum are up 47% in the last seven days to $33.9 billion from $22.9 billion the week prior, a trend that was also seen in its layer-2 solutions like Base, Arbitrum, and Polygon.

The market recovery was modest among Ethereum competitors, with Solana’s DEX activity increasing by 6% and BNB’s by 8.3%.

Ethereum's positive volume trends include a 30% growth for Maverick Protocol and a 26% rise for Uniswap compared to the previous week. 

Increasing DEX volume on Ethereum has historically been accompanied by price growth amid increasing onchain demand for ETH. For example, ETH price nearly doubled during the 276% increase in weekly DEX volume to $40 billion record highs between June 30 and Aug. 14.

Ether price to see “pump” in October?ETH/USD lost 6% in September, which aligns with historical price behavior, according to data from monitoring resource CoinGlass.

October, however, averages 4.77% gains, which would imply ETH price rising closer to $4,300 from the current levels.

ETH/USD monthly returns. Source: CoinGlass“Ethereum monthly returns (USD history show a clear pattern that October and beyond is a bullish season,” crypto analyst Marzell said in an X post last week, adding:

“October is often the ignition… get ready for the Q4 $ETH pump!”Fellow analyst Midas similarly anticipated a very bullish Q4 based on past performance.

“ETH is repeating the same Q3 2020 pattern,” Midas said in an X post on Monday, adding that the last time such a performance was followed by more than 100% gains in Q4.

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

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Published: Sep 29, 2025, 14:45 GMT+00:00

Key Points:Zcash has delivered a 68% gain in the past 30 days.ZEC broke above a key support at $50.This token could climb to $75 and even $100 if bullish momentum gains enough traction.

Zcash (ZEC) has been silently climbing the crypto market’s ranks and has once again made it above the $1 billion mark as demand for privacy coins seems to be increasing.

Trading volumes in the past 24 hours have jumped by 68% to $170 million, now accounting for 16% of the asset’s circulating supply.

This is the highest amount of ZEC that has been traded in weeks. Most of the time that volumes surpass $100 million for this token, it results in a bullish move days after.

In the past 30 days, ZEC has delivered gains of 68%, moving from $42 to $67 following a jump above a key resistance level at $55 per coin.

Hashrate Expands by 30% in Two Months for Zcash
Zcash’s history has been plagued by contradictory reports that question the ‘shielded’ nature of its transactions.

This privacy coin should supposedly mask transactions by hiding the wallet addresses of the parties involved. It uses a proof-of-work (PoW) consensus mechanism similar to that of the Bitcoin network.

However, a report from Chainalysis published in 2020 claimed that only 1% of ZEC’s transactions were fully shielded, which put into question the project’s use case.

Nonetheless, the community that supports Zcash believes that users will increasingly turn to privacy coins to hide their on-chain trail as government regulations and taxation of crypto trading is expected to increase over time.

Zcash Hash Rate (12 Months) – Source: BitInfoCharts

Upon dropping to a 12-month low of 6.28 gigahashes in July this year, data from BitInfoCharts shows that the network’s hash rate has been progressively increasing to 8.12 Gh/s at the time of writing.

This implies increasing interest from miners, possibly as a result of crypto’s bull market. As altcoin season begins, PoW-powered chains attract miners looking to reap the highest returns out of their hardware. This hashrate increase seems to be the cause of the latest spike in ZEC’s price.

Resistance Breakout Shows Strong Buying Pressure
Looking at the daily chart, a bullish breakout above $55 seems to have accelerated the token’s rally. Trading volumes ahead and after that move exceeded the 14-day average, meaning that buying interest is rising.

ZEC/USD Daily Chart (Kraken) – Source: TradingView

ZEC’s Relative Strength Index (RSI) has climbed to overbought levels already. This increases the odds of a retrace once the token hits the nearest resistance at $75. A move to this level seems highly likely at this point.

It is hard to tell if the bull run will push ZEC to $100 or stop there. However, the market will probably take a breather at that point and pull back to the $60 level at least.

This would give late buyers a second chance to enter a long position at a much more decent price if they expect a continuation of the rally.

ZEC once reached a market cap exceeding $3 billion. Currently sitting at $1 billion, this token offers significant upside potential if those golden days are back.

As altcoin season begins, dormant projects like these could deliver surprising gains if positive momentum gains enough traction and creates some FOMO.

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Bitcoin (BTC) has started this week on a positive note, recovering somewhat from a nearly seven-day sell-off and finally trading above $112,000.

Despite the renewed momentum, however, the asset now faces stiff competition as a number of altcoins are also posting gains ahead of potential exchange-traded fund (ETF) releases in the following weeks. 

With that in mind, Finbold turned to OpenAI’s latest artificial intelligence (AI) model, ChatGPT-5, to identify two cryptocurrencies most likely to give Bitcoin a run for its money in 2026

Ethereum (ETH)
The AI’s first pick was Ethereum (ETH), the most widely used smart contract network spanning decentralized finance (DeFi), non-fungible tokens (NFTs), and tokenization.

Its main threat to Bitcoin, however, is the fact that it doubles down as a store of value (via staking) and a utility token, something its counterpart doesn’t offer, ChatGPT argued.

While Ethereum might be down on the monthly chart at the time of writing, unlike its rival, it’s actually the better performer year to date (YtD), having gained around 25% as opposed to 20% delivered by “digital gold.”

Although there’s no telling whether ETH can outperform BTC in the long run, the AI suggests a fairly strong case for it, given how far the asset has come in the past months, especially in terms of regulatory clarity.

This sentiment is also shared by analysts such as Fundstrat’s Tom Lee, who predicted the cryptocurrency price could hit $10,000–$12,000 by year-end, implying a 200% upside.

At press time, Ethereum was trading at $4,171, up 3.76% on the day.

ETH 24-hour price. Source: Finbold
Solana (SOL)
The second place was reserved for Solana (SOL), which the AI says has proven itself in high-speed, low-fee execution despite major network hiccups.

At the time of writing, SOL was trading at $210.93, up 4.67% over the past 24 hours after plunging 20% last week.

SOL 24-hour price. Source: Finbold
Adding to the positive sentiment, more than 1.5 million SOL, worth more than $315 million, has been bought in the past 72 hours as the price hovered below $200, showing clear signs of institutional and whale confidence at the close of the quarter. 

However, new ETF approvals in October would give SOL the biggest boost and ensure more substantial mainstream inflows.

Still, the language learning model (LLM) noted that the crypto is not really a monetary competitor to Bitcoin, but rather a preferred transactional blockchain that could outshine it in real-world payments and adoption.

Featured image via Shutterstock

Posted: September 29, 2025

Key Takeaways
Why is Ethereum facing potential selling pressure?
Around 2.16 million ETH (worth $8.89 billion) are scheduled to unstake, creating a potential supply shock that could overwhelm market demand and push ETH prices lower.

Will ETH hold above $4,000 amid bearish sentiment?
With exchange withdrawals at a 6-year low, ETH risks breaking below the $4,000 level unless buyer sentiment improves.

Market sentiment suggests that the world’s second-largest cryptocurrency, Ethereum [ETH], with a market capitalization of $496 billion, may be on the verge of losing its $4,000 mark.

Despite a daily gain of 2.59% and rising trading volume at $28 billion, institutional outflows reached $795.41 million in the week ending the 22nd of September 22.

This indicated a growing supply pressure that could weigh heavily on Ether’s short- and long-term value across market segments.

Massive supply set to be unlocked
Ether faces the risk of a major supply shock, with roughly 2.16 million ETH scheduled for unstaking.

This amount, valued at $8.89 billion, carries an average waiting period of 37 days before release, suggesting the supply pressure will not hit the market immediately.

Source: CryptoPlate

The large amount of ETH investors plan to unstake warns that more tokens could hit the market than demand can absorb.

Investors have already started shifting positions. Bridged netflow data shows that over $13 million worth of ETH left exchanges in the past 24 hours—the largest amount bridged from any blockchain during that timeframe.

Selling pressure is gradually building
Exchange withdrawal transactions have fallen to their lowest level since 2018, according to CryptoQuant.

Roughly 37,000 transactions were recorded in the past day, reflecting weaker investor optimism and pointing to a potential demand squeeze.

Source: CryptoQuant

Interestingly, this drop in activity did not match exchange reserves, which stayed relatively flat. A flat reserve suggests that spot investors remain undecided about holding long term or selling for profit.

However, with more ETH held in reserve, the risk of a sudden sell-off remains elevated, and the market could face significant pressure.

A shift in sentiment will likely determine whether Ether can sustain a rally or continue to struggle.

Liquidation map suggest a trade lower
The liquidation map on CoinGlass shows concentrated leverage across both long and short positions.

On the long side, the largest liquidity cluster sat at the $4,147 level, with $49.5 million at risk.

Source: CoinGlass

Meanwhile, the short side holds far heavier leverage, with the $3,906 level alone carrying $618.96 million in liquidity.

This imbalance suggests that downside pressure is more likely, raising the probability that Ether could lose its grip on the $4,000 level.

In brief
Strategy acquired 196 Bitcoin worth $22 million
The Bitcoin-buying firm meanwhile raised $128 million
Strategy is obligated to make dividend payments on some of its preferred shares.
Strategy notched its third smallest Bitcoin acquisition of the year on Monday, disclosing that it only bought $22 million worth of the asset, according to a press release.

The Tysons, Virginia-based firm now owns roughly 64,000 Bitcoin, which was worth $73.1 billion on Monday, as Bitcoin climbed past $114,000, according to crypto data provider CoinGecko. That sum represented around 3% of the Bitcoin that will ever be mined.

Although the Bitcoin purchase that Strategy disclosed on Monday was its smallest since mid-August, it appears that the move wasn’t a result of constrained funding because Strategy signaled that it had raised $128 million, effectively pocketing the difference.

The cash came from selling $116 million worth of common shares. At the same time, Strategy sold $11.3 million of its STRF offering and $400,000 worth of its STRD offering. Featuring a 10% dividend, STRD was unveiled as Strategy’s third type of preferred shares in June.

“There was an extra $106 million, which we can presume was there for cash interest and to fund future dividends, including, but not limited to those that are due tomorrow,” TD Cowen analyst Lance Vitanza told Decrypt.

Strategy is scheduled to pay its first dividend to STRD holders on Tuesday, on top of payouts for its STRC, STRK, and STRD offerings, as declared in an SEC filing earlier this month. Strategy’s obligation on STRD is currently around $30 million per quarter, Vitanza said.

“That’s a very small amount,” he added.

Strategy shares rose 5% to $324 on Monday, according to Yahoo Finance. Often portrayed as a proxy to Bitcoin, Strategy shares have increased 12% year-to-date, while the largest cryptocurrency by market capitalization has risen 22% over the same period.

This year, Strategy has augmented its Bitcoin-buying strategy with additional funding mechanisms, moving beyond a pure focus on common stock and convertible debt. That has enabled Strategy to pad its lead as the largest corporate holder of Bitcoin. 

However, Wall Street veteran Andy Constan—who said he was shorting Strategy shares earlier this year—is among those that have compared the dynamic to a Ponzi scheme, arguing that Strategy can meet its dividend obligations only by raising more money.

Still, in a recent note, Vitanza highlighted Strategy’s recent focus on preferred shares, saying that its suggests that “market demand for bitcoin-backed credit instruments is growing.”

There have been other signs that Strategy is focused on its dividend obligations. Earlier this month, Strategy withheld a portion of the proceeds from a separate raise. It took in $68 million through its STRK and STRD offerings, but it only spent $60 million on Bitcoin.

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Strategy added a fresh weekly boost to its treasury, though the latest 196 BTC purchase was more of a morale booster. The latest purchase happened as MSTR share prices still held above $300.

Strategy continued its buying streak of small additions, with another 196 BTC put away in its treasury. The purchase was expected, as Executive Chairman Michael Saylor signaled on social media late on Sunday. 

The latest weekly purchase meant Strategy was “buying the dip” as BTC sank as low as $109,000. Following the announcement, BTC traded at $112,222, as the crypto market attempted a recovery. 

Strategy acquired the new batch at an average price of $113,048, closing in on an average price of $74,000 per coin.

Strategy has acquired 196 BTC for ~$22.1 million at ~$113,048 per bitcoin. As of 9/28/2025, we hodl 640,031 $BTC acquired for ~$47.35 billion at ~$73,983 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/kZj8Y07Zfb

— Strategy (@Strategy) September 29, 2025

Strategy has bought smaller BTC batches for three weeks in a row, an unusually long streak. The purchase is the smallest since August 11, when Strategy added only 155 coins. In the coming weeks, Strategy may also skip a week as it prepares for the Q3 report roundup. 

Strategy uses MSTR again
To complete the current purchase, Strategy issued more MSTR common stock despite the lowered price. Based on the recent filing, the company raised $116.4M from MSTR common stock issuance. 

The company also raised $400K in STRD preferred shares. The current weekly raise is for a total of $128.1M, though only $22.1M went toward BTC purchases. In previous weeks, Strategy invested all its proceeds into BTC. 

However, based on its new issuance rules, the company can also issue some of its common or preferred shares for operational costs. The company must still cover mandatory dividends for its preferred shares. 

Following the latest stock issuance, MSTR shares traded at $306.09. The mNAV asset value recovered to 1.44, though still not above the 2.5 limit, which would indicate much better health. Strategy is now trying to extend its purchases while lacking the initial enthusiasm for its MSTR shares. 

However, BTC purchased at earlier stages is now significantly more valuable, despite the drop in share prices. 

When it comes to the preferred shares, only STRF trades at $109, while STRK, STRD, and STRF trade under $100, offering a discount and varying levels of risk. 

Can Strategy recover its MSTR price levels? 
MSTR managed to retain the $300 level, setting up expectations for recovery by the end of 2025. MSTR bounced from its one-month lows and is trading around the middle of its range for the past six months. 

MSTR bounced from its lows just above $300, after Strategy announced another small BTC purchase. | Source: Google Finance
The common stock dipped to a recent low of $300.70, while BTC was also trading under $110,000. MSTR thrives best during periods of exuberant trading, where demand for more BTC keeps the share prices high.

Even outside Strategy’s buying, smaller companies are still adding BTC to their balances, even with sporadic purchases. The DAT company trend has lost some momentum, and companies have also erased a significant part of their market value, as Cryptopolitan reported. However, even the presence of treasuries helps with the long-term holding trend for BTC.

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Mon, 29/09/2025 - 13:37

Unknown Coinbase whale uses 70% Shiba Inu discount for mega 139,150,244,953 SHIB transfer

Cover image via U.Today

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The price of the Shiba Inu (SHIB) coin has been stuck around $0.0000118 at the end of September, and the chart is not showing much hope for a big move. After months of lower highs and drying liquidity, a lot of retail traders are treating SHIB as "trash" rather than an attractive asset to trade. 

But when the market's slow, it is whales who start operating behind the scenes — and that is exactly what we have seen over the past day with the popular meme coin.

New blockchain data shows that an unknown wallet took 41,958,447,274 SHIB out of Coinbase, which is about $502,240 at today's price. 

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Source: ArkhamHours later, the same wallet received another 97,192,000,000 SHIB, worth $1,150,000. The two transactions added up to 139,150,244,953 SHIB, which is worth about $1,636,406.

What's endgame?On the chart, SHIB is down about 70% from its December 2024 levels near $0.00004. If it goes back to the mid-December range of $0.000018 to $0.000020, this wallet's value would jump from $1.64 million to about $2.5 to $2.7 million. That is a potential gain of over $1 million if the bet pays off.

While some say SHIB is worthless, whales are loading up on hundreds of billions of tokens, at one of the lowest levels of the year. The accumulation suggests someone is getting ready for a rebound that could last into Q4, turning today's "trash" levels into tomorrow's profit window.

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BitMine's crypto and cash holdings have crossed the $11.6 billion mark, and the company owns more than 2% of Ethereum's circulating supply.

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With just one day left in September, the cryptocurrency market, including the Cardano community, highlights expectations for October.

The spotlight is on the potential approval of spot Cardano ETFs, with two applications waiting in line for final verdicts following a 75-day review process.

Grayscale's proposal to convert its Cardano trust into a Spot ETF faces its final deadline on Oct. 7, 2025, while Tuttle Capital's Cardano ETF application's decision is anticipated by Oct. 26, 2025.

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Market sentiment remains positive, with approval odds reaching 92% on major betting platforms.

October is set to be significant for the broader altcoin market, with decisions expected on 16 ETF applications, including Solana, XRP, Dogecoin and Litecoin.

Cardano-focused community X account Cardanians highlights the upcoming ETF development in a tweet, adding that it could be the catalyst that propels Cardano into its next phase of growth.

Wild "Cointober?"Nate Geraci, the president of NovaDius Wealth Management, indicated the next few weeks as "enormous"  for spot crypto ETFs, with SEC final deadlines approaching on numerous filings.

To begin with, this week is the Canary Spot Litecoin ETF, with its decision deadline on Oct. 2. This will be followed by decisions on Solana, Dogecoin, XRP, Cardano and Hedera ETFs; Geraci noted that the SEC could approve any or all of these whenever.

In another tweet, Bloomberg ETF analyst Eric Balcunas shared his expectations for October as spot crypto ETF deadlines begin this week: "Who's ready for Cointober? Spot crypto ETF deadlines start this week. Litecoin and Solana up first. Should be a wild month."

Lennaert Snyder has highlighted $4,200 as a resistance level for Ethereum tokens.
ETH price is up by 3.21% over the last 24 hours.
Crypto analyst has called $3,600/$3,700 his area of interest.

Lennaert Snyder, a crypto analyst, has underlined his area of interest following significant gains in ETH prices. Values are also inching closer to the next resistance level. This could potentially decide the course of movement for the Ethereum token on the price chart. Future estimates for the value of Ether are bullish but remain within a confined zone.

ETH Price and the Near Resistance Level
Lennaert Snyder, a notable crypto analyst, has said that ETH price was moving towards the nearest resistance level of approximately $4,200. He added that this milestone would either be good or bad for the Ethereum token. Snyder has anticipated that Ether could soon retest the support margin of $3,800.

$ETH pumped towards key ~$4,200 resistance.

This is make or break for Ethereum. Longs are triggered after the gain, and shorts after rejecting.

If we reject here, I think retesting $3,800 support again is likely.

If we dump further, $3,600/$3,700 is still my area of interest. pic.twitter.com/NNzvh1McZF

— Lennaert Snyder (@LennaertSnyder) September 29, 2025
The crypto analyst has drawn two points as his area of interest. These are $3,600 and $3,700. This possibly translates to two situations: a decline to $3,600 or $3,700 would be an accumulation zone; or, that would be a point beyond which heavy losses are likely for the community at a broader level. Nevertheless, Snyder has anticipated that ETH price may retest the support level of $3,800.

Movement of Ethereum Tokens on Price Chart
Ethereum tokens are currently valued at $4,122.36, up by 3.21% over the last 24 hours. But, the price is still down by 1.16% and 5.78% in the last 7 days and 30 days, respectively. The 24-hour trading volume has marked an uptick of 60.34% to around $28.83 billion. Movements of ETH price on the chart are showing the signs of potential recovery.

Interestingly, BTC and other cryptocurrencies have also started showing signs of possible recovery. The flagship crypto, that is Bitcoin token, is up by 2.39% in the last 24 hours, and is being traded at $112,173.04. Similarly, BNB has noted a surge of 3.75% during the same timeline for a value of $1,003.75. However, BNB price surge is likely based on the sentiment around Giggle Academy, which aims to make education accessible.

ETH Price Future Estimates
The resistance call stated by Lennaert Snyder features a rough value of $4,254.42, with the maximum value of $4,367.62. Reclaiming the resistance margin is likely to trigger long positions. Snyder has hinted at something similar in his X post. He has stated that longs are triggered after gains.

ETH price is expected to rise by around 11.50% to a value of almost $4,590.14, in the next 30 days. Ongoing volatility is 4.31% and the 14-Day RSI is 42.75 points. Sentiments around Ether are neutral but the FGI rating of 37 points out to fearful sentiments. The lowest support level has been set to around $3,858.19 – a decline any further could hint at a lower mark.

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Curious by nature, Ankur's core topic is Web3, but he's a versatile writer who can cover many more subjects. If you catch up with him in his free time, you'll find discussions often center around different movies and TV series. He's an easy person to talk to—you can literally chat with him about anything.

The Cardano Foundation has unveiled an ambitious new roadmap aimed at accelerating global adoption, encompassing a strategy that spans decentralized finance (DeFi), Web3, governance, and real-world asset (RWA) integration.

In a blog post, the Foundation outlined six core initiatives that will shape its activities over the coming years. The plan hinges on a major push into DeFi, including the provision of an eight-figure ADA liquidity commitment to support stablecoin projects and improve on- and off-ramps into the ecosystem.

This effort will be reinforced by partnerships and community-driven proposals aimed at deepening Cardano’s DeFi footprint.

Expanding into Web3 and venture funding
The Cardano Foundation recognizes the need to boost adoption beyond traditional enterprises. As such, it is also enlarging its Web3 team, with a focus on integrations, listings, and tokenized real-world assets.

To complement this, the Cardano Venture Hub will expand its role in supporting startups and established businesses through direct investments, loans, and advisory programs. The Foundation has pledged up to 2 million ADA for 2026, while continuing collaborations with accelerators such as Draper U, Techstars, and CV Labs.

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The Foundation also plans to advance standards like CIP-0113 and CIP-0143 to enable programmable, interoperable tokens. Work is also underway with the Masumi Network to streamline agent-to-agent payments through Cardano’s infrastructure.

Moving forward, the Foundation will expand its delegation strategy by assigning 220 million ADA to 11 new Delegated Representatives (DReps), while reducing its own self-delegation to ensure broader community participation. 

This is a shift from the previous five-year focus on stake pool operators toward fostering deeper ecosystem growth.

The new roadmap will also focus heavily on promotion and education. This move will be supported by a 12% increase in the marketing budget for 2026, aimed at amplifying outreach through events, content, and developer engagement. 

Initiatives such as the Cardano Academy and Cardano Summit will continue to bridge blockchain with enterprise and regulatory circles.

Reacting to the roadmap, Cardano founder Charles Hoskinson called it “a good start,” while stressing the need for a community-elected board as “the last mile to reconciliation.”

A sneak peak into the future: Pi Network showcases Hackathon nominees in the half-point report, piquing Pioneer interest.

Published:
September 29, 2025 │ 1:20 PM GMT

Created by Kornelija Poderskytė from DailyCoin

Pi Network (PI) just unleashed a key mid-point update in regards to the Pi Hackathon 2025, revealing something the loyal Pioneers have longed for. Now, the full list of Hackathon applicants & the decentralized applications (dApps) in consideration for launch is available on the official Pi Browser.

Pi’s Gem dApps Every Pioneer Should Check OutNominated in the showcase are some utility apps, including Starmax, a QR-code scanning app that offers a hassle-free experience for those juggling multiple consumer reward programs. That enables easy bonus hunting within Pi Coin’s (PI) ecosystem, bolstering the altcoin’s adoption in everyday shopping.

Next up is the Bum Studios Arcade, including games like Eternal Rush & War Card Game. These casual games bring a complete multimedia experience with Play 2 Earn (P2E) features, a successor to Fruity Pi and the PiOnline on-chain farming game.

Sponsored

Staying in the topic of farming, Nature’s Pulse on Pi Network offers a glimpse into the rising market of Real World Assets (RWA). This eco-friendly app allows customers to buy fresh produce, getting delivered to them in eligible regions, all covered in Pi Coin (PI) payments.

✨ Nature’s Pulse Featured in Pi Hackathon 2025! ✨

We’re excited to share some amazing news! Our midpoint submission for the Pi Hackathon has been featured by Pi Network as one of the projects showing great potential (as you can see in the screenshot).

We deeply thank the Pi… https://t.co/D2DDJ3kQOJ pic.twitter.com/lrMuPoaGe4

— Nature’s Pulse (@NaturesPulse_HQ) September 28, 2025
Another noteworthy highlight is StreamPi, a social network that both rewards users & supports the Pi Network (PI) for publishing stories, creating & sharing insightful or fun videos.

Another creativity-unleashing dApp is TruthWeb, empowering Web3 creators to generate clean, runnable code & text-to-speech engines that offer a vast selection of high-fidelity audio tones & voices.

On The Flipside
The addition to the spotlight doesn’t reflect the commission’s decision to approve or refuse the application to be launched on Pi Coin’s mainnet.
Why This MattersPi Network’s plan to introduce a 100-app all-around Web3 ecosystem is set to service one of the largest altcoin communities in crypto, uniting over 55 million crypto enthusiasts globally.

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People Also Ask:What is Pi Network?

Pi Network is a mobile-based cryptocurrency project that lets you earn Pi coins using your phone. Launched in 2019 by Stanford graduates, it aims to make crypto accessible without fancy hardware.

How do I start mining Pi?

Download the Pi Network app, sign up with an invitation code, and tap the lightning button daily to start mining. You don’t need powerful equipment—just an active internet connection!

Is Pi mining free?

Yes, mining Pi is free! It uses your phone’s idle time and a unique trust-based system, not energy-intensive hardware like Bitcoin.

What are Pi’s dApps?

dApps are decentralized applications built on Pi Network. The recent Hackathon 2025 showcase highlights nominated dApps, offering tools and services for Pioneers to use Pi coins.

Why should I join?

Join to be part of a growing community, earn free Pi, and explore future opportunities as dApps and utility expand. It’s a low-risk way to dip into crypto!

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Most of the cryptocurrencies are again rising, according to CoinStats.

ETH chart by CoinStatsETH/USDThe price of Ethereum (ETH) has gone up by 2.71% over the past 24 hours.

Image by TradingViewOn the hourly chart, the rate of ETH is testing the support level of $4,088. If it breaks out, traders may witness a test of the $4,050 zone soon.

Image by TradingViewOn the longer time frame, one should focus on the daily candle's closure in terms of yesterday's bar's high. 

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If it happens near $4,150, growth may continue to the $4,200-$4,300 area over the next few days.

Image by TradingViewFrom the midterm point of view, the rate of the main altcoin has made a false breakout of the $4,060 level. However, one should pay attention to the weekly bar's closure in terms of that mark. If it happens below it, the accumulated energy might be enough for an ongoing correction to the $3,800 zone.

Ethereum is trading at $4,107 at press time.

What happens to Bitcoin policy and liquidity if US government shuts down in October? Liam 'Akiba' Wright · 5 seconds ago · 4 min read

Prediction markets put shutdown odds near 80% for 2025; a lapse would slow crypto progress until calendars reset.

Sep. 29, 2025 at 2:58 pm UTC

4 min read

Updated: Sep. 29, 2025 at 2:58 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin trades into a policy deadline as prediction markets price a U.S. government shutdown.

Polymarket contracts showed odds peaking between 72% and 82% for a lapse in funding in 2025, up from roughly 35% earlier in the month, reflecting rapid adjustments in crowd forecasts as negotiations narrowed.

US Government shutdown odds (Source: Polymarket)Crypto pricing tracked the shift in macro risk, with Bitcoin price falling from about $112,000 to $108,522 during the run-up, then retracing above $112,000 out of the weekend as liquidity rebalanced across venues.

Ethereum slipped toward $3,800 before reclaiming levels near $4,000, and Solana shed more than 5% over the same window. Aggregate crypto market value erased over $170 billion through the week as closing prints reflected de-risking and tight cash management across funds.

Funds rotated into dollars, short-tenor treasuries, and stablecoins as managers curtailed duration and mark-to-market risk at quarter’s end.

Crypto ETPs and ETFs saw withdrawals as desks neutralized beta and raised dry powder, a pattern that has accompanied prior macro shock windows, including rate-decision weeks and debt-limit standoffs.

Policy calendars matter for crypto beta as much as liquidityThe path from here turns on two clocks: market liquidity and Washington scheduling. A shutdown reduces staffing across financial regulators, creates uncertainty around filing and review timelines, and cuts the cadence of macro data releases that anchor front-end rate expectations.

The resulting information gap can widen bid-ask spreads in volatile tokens and slow the reflexive dip-buying that often stabilizes order books after fast drawdowns.

SEC and CFTC operations historically downshift during shutdowns to essential work, which may push out effective dates for guidance, slow review of exchange rule filings, and delay routine processing of product changes.

In 2025, that list includes reviews tied to market-structure proposals and stablecoin frameworks under the Financial Innovation and Technology for the 21st Century Act, the Clarity for Payment Stablecoins Act, and the Blockchain Regulatory Certainty Act.

Industry groups tracking the docket expect pauses if funding lapses, with hearing dates already sliding from late September toward October in tentative schedules.

A drawn-out administrative freeze would extend uncertainty around new ETF launches and venue upgrades that contribute to the liquidity stack across Bitcoin, Ethereum, and large-cap altcoins.

Price behavior around shutdowns has not matched textbook risk-off patterns in equities, where the S&P 500 has sometimes posted small gains as investors discount catch-up spending once agencies reopen.

Crypto now trades more on the interaction between regulatory timing and funding conditions than on the headline itself. Depending on how fast timelines reset, this difference can compress or extend drawdowns.

Barron’s framed the near-term setup as a contest between cash preference and the argument for Bitcoin as a macro hedge, with some investors waiting on confirmation of further rate cuts and data before re-adding directional exposure.

Tracking the impact on BitcoinA practical way to track the next move is to align price levels with scenarios for the duration of a shutdown and the speed at which calendars restart.

Historical macro shock windows have produced 5% to 15% drawdowns in BTC and ETH before stabilization.

Using that range as a guide, downside and recovery paths cluster around how long agencies are offline, whether ETF and rulemaking timetables slip by days or weeks, and how fast stablecoin balances migrate back into spot books as spreads normalize.

Shutdown durationIllustrative BTC path within 5%–15% drawdown historyLiquidity and flows watchpointsPolicy impact~1 weekPressure toward the lower end of range, then retrace as review queues restartStablecoin balances rotate back to spot, ETF outflows slowSEC and CFTC reviews pause briefly, routine processing resumes within days, hearings slip by days, limited delays for macro data releases~1 monthMid-range drawdown risk, choppy rebound as filings and hearings re-queuePersistent cash preference, wider spreads in altcoin pairsAgencies operate with essential staff, product filings and exchange rule changes wait, FIT21 and stablecoin bill hearings move to next month, several economic reports delayed which muddies rate guidance~3 monthsUpper-range stress until policy clarity returns, slower base-buildingETF and ETP redemptions extend, basis trades dominate volumesApprovals and rulemaking freeze for an extended period, ETF launches and venue upgrades paused, enforcement limited to critical matters, multiple data releases missed, congressional calendars reset on returnPolicy bottlenecks extend beyond price levels to the pipeline that shapes medium-term liquidity.

Market participants are watching whether FIT21’s market-structure provisions, stablecoin legislation, and developer-safe-harbor proposals drift further on the calendar.

A pause would also affect incremental DeFi and altcoin oversight moves, freezing rulemaking that could otherwise resolve gray areas and reduce risk premia for listed tokens.

The broader macro overlay, including a softening labor market and debate over the next Federal Reserve steps, adds another layer to portfolio construction as desks balance dollar strength against the case for re-risking once data resumes.

For traders calibrating risk, two dashboards frame the next steps.

Prediction markets help quantify the near-term policy path, with odds adjusting intraday as procedural votes appear on the docket.

Liquidity indicators, from ETF flow prints to stablecoin supply changes and basis levels on perpetuals, can confirm whether cash is returning to spot books or staying parked in reserves.

The shutdown decision and the timetable for reactivating hearings and filings will determine how quickly crypto market depth rebuilds after quarter-end.

Mentioned in this articleLatest US StoriesLatest Bitcoin Stories

What's fueling this sudden dominance over established DeFi giants?

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Binance founder Changpeng “CZ” Zhao has explained his role in Aster DEX following the 2,000% rally of the DEX’s native token. This also follows his earlier endorsements of the decentralized exchange, which has provided increased competition to the likes of Hyperliquid. 

Binance Founder CZ Explains Role In Aster DEX
CZ mentioned in an X space that he serves as an advisor for the Aster DEX, advising them explicitly on product and technology, but not on regulatory issues. He also revealed that some former Binance employees are now working for the DEX. The Binance founder opined that Aster is a very strong project. 

Meanwhile, CZ also noted how the Aster DEX has stayed close to the BNB Chain ecosystem, which he admitted has helped BNB. Notably, the BNB price rallied to new highs amid the decentralized exchange’s emergence in the spotlight over the past few weeks. CZ mentioned that Aster did exceptionally well in their token generation event (TGE).

During the X space, CZ discussed how he is focusing more attention on the BNB chain and projects like the Aster DEX, as he is no longer in charge of Binance following the agreement with U.S. authorities, which required him to step down as CEO as part of the settlement. Meanwhile, it is worth mentioning that CZ’s family office, YZi Labs, has a minority stake in Aster. 

Before now, CZ had openly endorsed Aster DEX on several occasions. On one occasion, he shared the Aster token chart and commended the team while urging them to keep building. At the time, the token was trading at just around $0.17. Since then, Aster has recorded a rally of around 2,000%, reaching an all-time high (ATH) of $2.4 in the process. 

On another occasion, CZ stated that the Aster DEX wasn’t a BNB Chain exclusive perp DEX and that it supports multiple chains natively. He added that the DEX also supports hidden orders, which he noted makes it different from other perp DEX designs. Trading privacy on DEXs is something that the Binance founder has advocated for following the James Wynn saga, in which the infamous trader lost around $100 million on Hyperliquid trades that were visible to everyone. 

Aster Ranks Second In Fees 
DeFiLlama data shows that the Aster DEX has generated the second-largest fees in the last 24 hours and seven days, trailing only USDT issuer Tether. The DEX has earned $14.33 million in the last 24 hours and $69.56 million in the last seven days. The team has confirmed plans to conduct buybacks, which would likely be done with these fees generated. 

However, Aster DEX still trails behind in terms of DEX trading volume. Further data from DeFiLlama shows that the DEX is 12th in terms of 24-hour trading volume, although it ranks higher based on the 7-day trading volume, recording $3.3 billion in trading volume over the last week. 

At the time of writing, the Aster token is trading at around $1.92, up over 4% in the last 24 hours, according to data from CoinMarketCap.

BNB trading at $1,005 on the 1D chart | Source: BNBUSDT on Tradingview.com
Featured image from Medium, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

SOL eyes $1,000 as institutions buy in, dominance climbs, and key ETFs plus Alpenglow upgrade promise fresh market momentum.

Izabela Anna2 min read

29 September 2025, 02:02 PM

Image: ShutterstockSolana is increasingly capturing institutional attention as treasury holdings and upcoming catalysts fuel speculation about higher valuations. Data from analyst TedPillows shows  that companies now collectively hold over 20.9 million SOL, which accounts for nearly 3.64% of the token’s total supply. 

This growing interest positions Solana as the third preferred asset for institutions, after Bitcoin and Ethereum. The concentration of treasury holdings highlights its rising credibility within the broader crypto market.

Breakout Signals and Bold ForecastsAs of press time trading around $207, the price of Solana has rebounded strongly after confirming a breakout from long-term resistance levels. According to analyst CryptoCurb, the decisive move above $200 has shifted market dynamics, with fresh support forming between $150 and $200. 

If momentum continues, the analyst projects a potential rally toward $1,000 by December. This aligns with historical parabolic runs that followed accumulation phases. Furthermore, CryptoCurb suggests that after short-term consolidation near $1,300, Solana could extend its rally toward $2,000 by May, fueled by institutional inflows and broader network growth.

Dominance Trends Support the CaseAnalyst AltcoinGordon highlighted Solana’s dominance chart, which shows an ascending triangle pattern. This structure suggests a bullish continuation, with support established near 2.4% and resistance at 4.8% to 5%. Current dominance stands at 2.94%, consolidating after a rebound from trendline support. 

Source:X

If buyers maintain control above the lower threshold, Solana could attempt a breakout beyond 5% dominance. Such a move would imply SOL outperforming the broader crypto market and potentially support the $1,000 target. 

Key Catalysts AheadBesides the technical outlook, fundamental drivers may shape Solana’s performance in the coming months. Several ETF applications face key deadlines in October, with Canary’s final decision due on October 7 and VanEck’s on October 15. 

Additionally, Franklin’s Solana ETF and Grayscale’s conversion proposal both reach decision points on October 16. Positive approvals could ignite fresh capital inflows, providing further momentum.

Another significant catalyst is the upcoming Alpenglow upgrade, scheduled for late this year or early next year. This upgrade is expected to reduce block finality from 12 seconds to under 150 milliseconds. Such speeds would outperform Google and Visa, strengthening Solana’s position as a scalable blockchain solution.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Latest Solana (SOL) News Today

SEC approval of new listing standards clears path for a potential spot Shiba Inu ETF as SHIB futures meet key requirements for eligibility.

Newton Gitonga2 min read

29 September 2025, 02:06 PM

Image: ShutterstockThe U.S. Securities and Exchange Commission has cleared a path for spot cryptocurrency exchange-traded funds through new generic listing standards. These rules remove major regulatory hurdles and place assets like Shiba Inu in direct contention for ETF approval. The development is thrilling to those who support digital asset investment products, and this competition is expected to intensify. 

SEC Guidelines Position SHIB for ETF EligibilityThe SEC’s guidelines allow exchanges to list crypto ETPs without a lengthy approval process if the underlying asset has a futures contract traded for at least six months on a CFTC-regulated exchange. This shift streamlines the approval structure, signaling a new phase for crypto-based investment products in the United States.

Shiba Inu qualifies under these standards. According to a market notice from Coinbase Derivatives, “1k Shib (SHB)” futures began trading on July 15, 2024. Having surpassed 14 months of trading activity, SHIB futures exceed the SEC’s six-month mandate. This places the token in the same category as assets such as Solana and Polkadot, which also meet eligibility requirements for spot ETF consideration.

For the Shiba Inu community, which has consistently pushed for wider institutional recognition, the SEC’s decision marks an important milestone. A spot SHIB ETF is now a regulatory possibility, moving closer to reality after years of advocacy. However, industry participants caution that the new framework does not guarantee long-term success for every product that makes it to market.

Market Competition Raises Investor ConcernsGreg Benhaim, Executive Vice President of Product at 3iQ, addressed the implications of these developments in a note shared with The Shib Daily. Drawing from his company’s experience as an ETF issuer in Canada, Benhaim said the landscape could become more challenging for both issuers and investors.

“At first glance, this seems bullish for the industry,” Benhaim stated. “However… it may be challenging for issuers to raise capital when new products are being listed every single day.” He warned that the sheer number of ETFs entering the market could overwhelm retail participants.

Benhaim added that investors may struggle to understand the differences between various offerings. “For example, an AVAX ETF and an ADA ETF are very different, but the investor may not appreciate this fully,” he explained. He noted that distinguishing between assets in an ETF format requires a level of market knowledge that many retail investors may lack.

The SEC’s changes shift responsibility from regulators to the market itself. As Benhaim observed, competition will now determine which assets succeed in attracting significant retail interest. The proliferation of ETFs, he argued, will ultimately “pave the way for the industry to identify which assets have significant retail appeal in ETF format and which don’t.”

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Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Latest Shiba Inu News Today (SHIB)

SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (“Algoma” or the “Company”) (NASDAQ: ASTL; TSX: ASTL) today announced the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan facility and C$100 million loan facilities from the Province of Ontario (collectively, the “Facilities”). The Facilities provide essential financial flexibility amid prolonged trade uncertainty and position Algoma to advance its ongoing business transformation.

Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, alongside Will Bouma, Parliamentary Assistant to the Minister of Northern Economic Development and Growth for Ontario, and Bill Rosenberg, Member of Provincial Parliament for Algoma—Manitoulin, will join Algoma CEO, Michael Garcia, and CFO, Rajat Marwah, along with senior management team members and workers at the plant for the announcement.

“On behalf of Algoma, I would like to thank Prime Minister Carney, Premier Ford and their governments for their steadfast support of our Company and the Canadian steel industry,” said Mr. Garcia. “The ongoing imposition of a 50% tariff on Canadian steel has closed the U.S. market to Canadian steelmakers. We require this liquidity support to withstand this unprecedented U.S. governmental action, and importantly, to continue our transformation for the future. Algoma is poised to be a critical contributor to our nation’s agenda of building a stronger, more competitive, and prosperous economy. We look forward to supplying Canadian steel – from right here in Sault Ste. Marie – to, as the Prime Minister has said, help protect our sovereignty, grow our industries, export our energy, and build one strong Canadian economy.”

Loan Facilities

The Facilities will be provided proportionately by the federal and provincial governments as follows:

C$100 million – Third lien secured tranche, ranking junior to Algoma’s existing first lien revolving facility and second lien secured notes; andC$400 million – Unsecured tranche, subject to the issuance of 6.77 million common share purchase warrants, with each warrant being exercisable for one common share of Algoma at an exercise price of C$11.08 for a 10-year term, vesting proportionately as unsecured draws are made. The Facilities will have a seven-year term, with interest at CORRA + 200 bps for three years, stepping up by 200 bps each year thereafter.

The exercise price of the warrants is equivalent to the volume-weighted average trading price of Algoma’s common shares on the TSX from the completion of its going-public transaction in October 2021 through November 1, 2024, which was prior to the U.S. Administration’s announcement of its intention to impose new tariffs on Canadian steel. The warrants align the governmental support for Algoma with the Company’s long-term value creation strategy and its ongoing transformation and long-term growth trajectory.

The Facilities will include customary positive and negative covenants, including a restriction on capital distributions. Algoma’s access to the Facilities is subject to several conditions, including the completion of definitive loan documentation and the receipt of all necessary approvals under the Company’s first lien revolving facility.

Operational Adjustments in Response to Market Conditions

Alongside securing this financing, Algoma is adjusting production to better align with prevailing demand and market dynamics. The continuation of Section 232 tariffs has effectively closed the U.S. market to Canadian steel, undermining Algoma’s cross-border business model and requiring the Company to focus on products with reliable domestic demand.

The tariffs have made continued operation of the Company’s blast furnace and coke ovens unsustainable. Accordingly, Algoma will begin to exit these primary operations as it accelerates its transition to Electric Arc Furnace (“EAF”) steelmaking. The Company now expects that the final aggregate cost of completion of the EAF project will be approximately C$987 million. Going forward, Algoma intends to focus production on as-rolled and heat-treated plate, along with select coil products predominantly for the Canadian market. These adjustments are expected to enable Algoma to:

supply Canadian industries with high-quality as-rolled and heat-treated plate;provide stability for continued investment in diversification projects aligned with Canada’s evolving needs; andreinforce Algoma’s role in supporting Canada’s infrastructure, manufacturing, defense, and nation-building priorities. “The government’s financial support underscores their recognition of Algoma’s critical role in Canada’s industrial base, and demonstrates their willingness to provide direct support for our Company through this transition,” said Mr. Garcia.

“By combining essential liquidity with targeted support for our transition to EAF steelmaking, this support allows us to move forward with confidence — aligning operations with market realities, advancing the EAF strategy, and safeguarding Algoma’s future,” said Mr. Marwah.

About Algoma Steel Group Inc.

Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex (“DSPC”) is one of the lowest-cost producers of hot rolled sheet steel (“HRC”) in North America.

Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America's leading producers of green steel.

As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future.

Forward-Looking Statements

This news release contains “forward-looking statements” under applicable Canadian securities laws and “forward-looking information” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the Company’s current expectations and assumptions. Forward-looking statements can often be identified by words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “seek,” “estimate,” “target,” “project,” “may,” “should,” “will,” “forecast,” “outlook,” “potential,” or other similar expressions. In particular, this release contains forward-looking information regarding the anticipated government financing, including its size, structure, terms, and the expected impact on Algoma’s financial position, operations, and strategic initiatives, the anticipated continued and future impacts of U.S. tariffs on Algoma, completion and cost of Algoma’s EAF project, the anticipated impact of Algoma’s operating adjustments, the anticipated impact of Algoma’s EAF project, resulting reduction in carbon emissions following completion of the EAF project, Algoma’s future as a leading producer of green steel, transformation journey, ability to deliver greater and long-term value, and Algoma’s ability to offer North America a secure steel supply and a sustainable future, and investment in its people, and processes.

These forward-looking statements are subject to a number of known and unknown risks, uncertainties, and assumptions that could cause actual results or events to differ materially from current expectations. Such risks and uncertainties include, but are not limited to, the Company’s ability to enter into definitive documentation on the terms described or at all; the Company’s ability to meet the conditions precedent to funding; potential changes in government policy; general economic and market conditions; ongoing trade actions and tariffs; the risks described in Algoma’s filings with the U.S. Securities and Exchange Commission and Canadian securities regulators; and other factors not currently contemplated, including those that may be beyond the Company’s control.

Readers are cautioned not to place undue reliance on forward-looking statements. Algoma undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

For more information, please contact:

Communications contact:
Laura Devoni
Vice President - Human Resources and Corporate Affairs
Phone: 705.255.1202
E-mail: [email protected] 

Investor contact:
Michael Moraca 
Vice President - Corporate Development and Treasurer
Phone: 705.945.3300 
E-mail: [email protected] 

September 29, 2025 09:00 ET

 | Source:

EnWave Corporation

VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) --

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a royalty-bearing, commercial license agreement (the “Commercial License”) with Solve Solutions Ltda (“Solve Solutions”), a Brazilian food company. Solve Solutions specializes in the production and sales of premium dried fruits, vegetables, and snack products for private label brands and consumer packaged food manufacturers in Brazil, as well as international markets. Solve Solutions also purchased the 10kW Radiant Energy Vacuum (“REV™”) machine that was previously being leased under a Technology Evaluation and License Option Agreement (“TELOA”) with EnWave.

Under the Commercial License terms, Solve Solutions will hold an exclusive license to use EnWave’s patented REV™ technology to dry select fruits, vegetables, and cheese products in the country of Brazil. Solve Solutions will pay a royalty commensurate with certain other existing licenses granted by EnWave, and the Company intends to continue working closely with Solve Solutions to ensure optimal product development success. Pursuant to the licensing agreement, Solve Solutions must purchase a large-scale REV™ machine within 6 months of the effective date of the Commercial License and remit minimum royalty requirements to keep their exclusive rights.

About Solve Solutions
Solve Solutions (dba Solve Foods) is a Brazilian food ingredient manufacturing business under parent company Troyes Participações SA, a company that manages various enterprises in the textile and building products industries. Solve Solutions specializes in the production of premium dehydrated fruits, vegetables, and cheeses, serving both ingredient markets and finished consumer products. The company’s growing product portfolio includes strawberries, pineapples, mangoes, bananas, beets, carrots, ginger, and cheese.

From its base in the state of Santa Catarina, Solve Foods partners with food manufacturers and consumer packaged goods (CPG) brands throughout Brazil and beyond to address gaps in supply for high-quality dried ingredients that cannot be created with conventional drying methods. The company combines technological innovation with collaborative R&D, helping customers bring unique new products to market with reliable supply, exact specifications, and tailored solutions.

Solve Foods is committed to being more than a supplier—it positions itself as a trusted partner in innovation, supporting brands with the expertise, technology, and product development capabilities needed to grow in today’s competitive food market. By focusing on natural preservation and premium product quality, Solve Foods is shaping the future of the dried ingredient industry in Brazil and setting new standards for taste, texture, and nutrition.

Learn more at solvefoods.com.br

About EnWave
EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost.

With more than fifty partners spanning twenty-four countries and five continents, EnWave’s licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company’s patented technology, licensed machinery, and expert guidance.

EnWave’s strategy is to sign royalty-bearing commercial licenses with food producers who want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improve product taste, texture, color and nutritional value.

Learn more at EnWave.net.

EnWave Corporation

Mr. Brent Charleton, CFA
President and CEO

For further information:

Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: [email protected]       

Dylan Murray, CPA, CA, CFO at +1 (778) 870-0729
E-mail: [email protected]

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third-party claims referred to in this release are not guaranteed to be accurate. All third-party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.