Zodl otevřel čekací listinu pro aplikaci Vault pro macOS určenou k dlouhodobé vlastní správě shielded ZEC. Přístup do betaverze bude uvolňovat ve skupinách po 100 uživatelích.
Zodl has opened a waitlist for its macOS Vault app, with beta access planned in groups of 100 people for a product focused on long-term storage of shielded Zcash.
Summary
Zodl Vault lists macOS support for long-term self-custody of shielded ZEC.
Beta access will open in groups of 100 people.
An earlier Zodl update reported more than 4,100 beta signups.
The official waitlist page gives no public launch date or tester selection criteria.
Zodl’s official signup page states that prospective testers can register with an email address and will receive access through a staged rollout.
“Beta access opens one hundred people at a time.”
In its Oct. 14 newsletter, ZecHub described Vault as a desktop application for long-term self-custody of shielded ZEC and dated its introduction to Oct. 7. The publication linked the announcement to Zodl’s official account.
An Oct. 18 ZecHub ecosystem digest cited a Zodl update saying more than 4,100 people had signed up for the Vault beta. The figure represents registrations reported before that digest, rather than a current count of people using the application.
The official waitlist page gives the size of each admission group without specifying a public launch date or explaining how testers will be selected. Its macOS listing does not establish plans for Windows or Linux.
ZecHub’s Oct. 14 description referred to invitations being released in batches. The signup page itself describes how access will open, without confirming how many invitations have been sent.
Zodl’s mobile wallet already supports hardware signing
On its main website, Zodl describes its existing mobile wallet as a self-custody application whose users control their keys and funds. Its hardware-wallet instructions say users can connect a Keystone device, manage the associated funds through the app, and approve outgoing transactions on the hardware.
The mobile product accepts transparent ZEC and prompts users to shield an incoming transparent balance, according to the website. Once shielded, those funds can be used for private payments.
For cross-chain transfers, the company describes CrossPay as a way to send shielded ZEC while a recipient receives another asset, such as Bitcoin or a stablecoin. Its swaps use NEAR Intents to exchange between ZEC and supported cryptocurrencies.
Those descriptions concern the existing mobile app. The Vault registration page does not list equivalent payment, swap, or hardware-signing features.
As crypto.news previously reported on Feb. 17, the team announced the Zashi wallet’s rebrand to Zodl after leaving Electric Coin Company. Its Feb. 16 statement said the name change would arrive through an app update without changing wallet functionality, security, or user data.
Shielded ZEC balances provide separate network context
Zcash Stats recorded 4.96 million ZEC in shielded pools on Oct. 18, compared with 4.91 million ZEC 28 days earlier, according to Oct. 19 crypto.news coverage of shielded pool balances. The dashboard put the shielded share near 29.2% of circulating supply.
The tracker distinguishes coins held in shielded pools from transaction activity. Its aggregate figures do not identify individual holders or payment amounts.
Zakura has separately proposed a wallet feature that assigns a different incoming viewing key to each Zcash swap through NEAR Intents. In an Oct. 19 account of the wallet privacy proposal, developer Adam Tucker described the potential exposure of swap addresses permanently recorded on NEAR’s public blockchain.
According to Tucker, a sufficiently powerful future quantum computer could recover a viewing key from an exposed address and reveal payments associated with the account. His proposed design would limit the recovered information to a single swap while leaving the existing spending key unchanged.
Zakura said software wallets built with its libraries could begin integrating the feature in the coming weeks, with hardware-wallet support following later.
Nexo v USA využívá infrastrukturu Bakkt pro úschovu a obchodování s digitálními aktivy. Dceřiné společnosti Bakkt mají newyorskou licenci BitLicense a licence pro převod peněz.
You might wonder: Is Nexo legit and safe? Here's what we can back up with facts you can check yourself.
Nexo has operated since 2018. As of Q2 2026, more than 10 million clients use Nexo worldwide, and the platform has paid them over $1.5 billion in interest.
In the United States, Nexo works with Bakkt, an NYSE-listed company whose US trading infrastructure is backed by a New York BitLicense and broad US money transmitter license coverage. Nexo's infrastructure is independently audited against SOC 2 Type 2, ISO 27001, and other internationally recognized frameworks, and its SOC 3 report is public.
This guide covers what Nexo is, who it works with, how it's audited, how your account is protected, and the risks to weigh.
The short answerTrack record: Nexo has operated since 2018 and, as of Q2 2026, serves more than 10 million clients worldwide. Galaxy Research ranks it the third-largest CeFi crypto lender it tracks.Licensed US partner: Bakkt, an NYSE-listed company whose operating subsidiaries hold a New York BitLicense and state money transmitter licenses across the US, powers custody and trading services for Nexo clients in the United States.Independently audited: SOC 2 Type 2 three years in a row, a public SOC 3 report, and ISO 27001, 27017, and 27018.Protected by default: Every withdrawal passes through an anti-scam engine in real time, and data is protected with TLS and AES 256-bit encryption.What is Nexo?Nexo is a premier digital assets wealth platform built to help clients grow, manage, and preserve their crypto. Operating since 2018, it serves more than 10 million clients across 200+ jurisdictions, has processed over $465 billion, has paid more than $1.5 billion in interest to clients, and runs a loan book of over $1.7 billion.
Important note: All figures are global, as of Q2 2026, and are updated quarterly.
Nexo brings together:
Flexible Yield and Fixed-term Yield to generate yield of up to 16% per year on crypto assets, with or without a set term. Crypto-backed loans to borrow against holdings without selling them, including Zero-interest Credit.Trading tools to buy, sell, and swap digital assets.Nexo Private, for portfolios of $100,000 or more, where clients get a dedicated relationship manager, priority assistance, and bespoke OTC services on custom terms. Explore Nexo Private.The Nexo Card (available in the EEA and the UK): the first dual-mode crypto card, with no monthly, annual, or inactivity fees. Borrow against your crypto in Credit Mode or spend it directly in Debit Mode, switch with one tap, and pay at more than 100 million merchants worldwide. 24/7 client care from a dedicated team.Important note: The Nexo Card is currently unavailable for US residents. Availability of Yield products and specific crypto asset support for US clients remains subject to state-level regulatory requirements and Bakkt partner integration terms.
How does Nexo rank among crypto lenders?Galaxy Research ranks Nexo the third-largest CeFi crypto lender it tracks, measured by crypto-collateralized loan book. At the end of Q2 2026, Nexo held a 7.51% market share, up 49 basis points on the quarter.
Read the full analysis in Galaxy Research's The State of Crypto Leverage Q2 2026, published August 17, 2026.
Who holds Nexo clients' assets in the US?Bakkt powers institutional-grade custody and trading infrastructure for Nexo clients in the United States.
Bakkt is an NYSE-listed company (NYSE: BKKT). Through regulated operating subsidiaries like Bakkt Crypto Solutions, LLC, and Bakkt Trust Company LLC, it holds a New York BitLicense alongside money transmitter licenses across multiple US jurisdictions. Bakkt positions its infrastructure as purpose-built for financial institutions, fintech platforms, and digital asset firms.
Bakkt announced the partnership on February 17, 2026, to support Nexo's US offering and enable compliant digital asset custody and trading services for Nexo clients.
You can read the announcement on Bakkt's investor relations website and check Nexo's partner overview on the Nexo Fundamentals page.
What do Nexo's certifications actually mean?Nexo’s information security practices are assessed against internationally recognized frameworks. An independent audit firm reviews SOC 2 Type 2 every year. Accredited certification bodies issue the ISO 27001, 27017, and 27018 certificates and check them through periodic surveillance audits. CSA STAR Level 1 is a self-assessment that Nexo publishes openly. A certification only helps if you know what it tests, so here is each one in plain terms.
SOC 2 Type 2, audited by A-LIGN, three years in a row.
What it checks: An external audit firm examines how Nexo handles data and who can access it, then tests whether those controls continue to work over time, not just on a single day. The 2025 audit also covers privacy. Why it matters: It's the difference between a company saying it has safeguards and an auditor confirming they operated.SOC 3 Type 2, the public version.
What it is: the same evaluation, written for a general audience. The full SOC 2 report contains sensitive details, so it isn't published. SOC 3 is the open summary, based on the AICPA's criteria for security, availability, and confidentiality. Why it matters: It makes the audit result public. Nexo can share the outcome openly instead of just saying it passed.ISO 27001 - the international standard for managing information security.
What it checks: Whether a company runs security as a continuous, documented process: finding risks, setting controls, and reviewing them regularly. Why it matters: It shows repeatable discipline, not one-off fixes.ISO 27017, for cloud services (certified by RINA).
What it checks: The additional controls that services running in the cloud need. Why it matters: Nexo's platform runs on cloud infrastructure, so this covers where client data actually lives.ISO 27018, for personal data in the cloud (certified by RINA).
What it checks: How personal information, such as client identity details, is handled and kept private in cloud environments. Why it matters: It puts the handling of your personal data under an audited international standard.CSA STAR Level 1, a public cloud registry entry.
What it is: The Cloud Security Alliance is an industry group that sets best practices for cloud security. It asks providers 261 questions about how they manage and control their cloud systems. CSA STAR Level 1 is a self-assessment of Nexo’s cloud controls, published in CSA’s public registry.Why it matters: The answers are open to everyone, so you can read them and compare them with other providers.Taken together, they answer three questions: does Nexo follow recognized standards, has an outside party tested that it does, and can you read the results yourself? For background on the latest audit cycle, see Nexo completes third consecutive SOC 2 and SOC 3 audits.
Important note: Security audits and certifications assess information security controls.
What US licenses does Nexo hold directly?Nexo Financial LLC holds a California Financing Law license (No. 60DBO-109416), issued by the California Department of Financial Protection and Innovation (DFPI), permitting state-regulated lending activities. Custody and digital asset trading services for US clients are facilitated through its licensed partner, Bakkt.
What do clients say about Nexo?On Trustpilot, Nexo is rated 4.4 out of 5 from 18,751 reviews (as of October 20, 2026). Read client reviews on Trustpilot.
Nexo's client care team is available 24/7. Clients with a portfolio of $100,000 or more can join Nexo Private and get access to high-touch wealth solutions, priority assistance, exclusive OTC services, event passes, and more exclusive benefits.
How does Nexo protect your account?Nexo runs protection on every account and every transaction by default, and gives clients tools to add more.
Built in
Anti-scam engine. Every withdrawal is analyzed in real time before funds leave the platform. If something looks off, the client sees a plain-language prompt explaining the concern, and in rare high-risk cases, a transaction may be briefly paused for review.Encryption. Data in transit is secured using modern TLS encryption, while data at rest is safeguarded with AES-256 encryption—the same standard utilized by leading financial institutions and tier-one cloud providers worldwide.Yours to switch on
Two-factor authentication (2FA). Once you turn it on, it’s required at login and for sensitive actions: withdrawals, Address Book edits, and changes to security settings. Even with your password, no one can move funds without the second factor. An authenticator app is stronger than SMS.Anti-phishing code. A personal code that appears in the footer of every legitimate Nexo email. An email without it didn't come from Nexo.Address whitelisting. Withdrawals are locked to saved addresses (up to 500), with a configurable Extra Security delay on newly added ones.Channel validator. Any email address, social handle, or URL claiming to be Nexo can be checked at nexo.com/channel-validator.For the full walkthrough, read How Nexo's security works, and how to strengthen your account.
What industry awards has Nexo won?Independent industry awards include:
Consumer Lending Product of the Year (2026): FinTech Breakthrough Award for Zero-interest Credit, covered on FinTech Breakthrough. Best PayTech for CX (2025): recognized at The Digital Banker Excellence in Digital CX Awards, covered on Crypto Times.Best Loyalty Program (2025): recognized by The Digital Banker. Best Crypto Wallet (2025): winner at the 9th Annual FinTech Breakthrough Awards, announced via GlobeNewswire.Consumer Payments Innovation Award (2024): FinTech Breakthrough Award for the Nexo Card, covered on TradingView.What other initiatives does Nexo have in the US? Nexo is making history as the first-ever Title Partner of the Nexo Dallas Open—a premier ATP 500 event and the only indoor championship on the U.S. ATP Tour. Kicking off in 2026, this multi-year alliance goes far beyond sports sponsorship.
Nexo is driving its "Wealth Forward" vision directly into the local community by partnering in a major court resurfacing project at the Ford Center at The Star.
By modernizing playing surfaces and expanding access for youth and recreational players, Nexo is delivering both a next-generation fan experience and a tangible, positive impact across North Texas.
What should you know about Nexo before using it?Nexo’s ongoing commitment to security is reflected in its audits, certifications, and carefully chosen industry partners. A few factors are still worth understanding before you start using any crypto platform:
Market movements. Crypto prices can move quickly, in either direction.Borrowing against crypto. If the value of your collateral falls significantly, part of it may be sold to repay the loan.Changing rates. Yields and borrowing rates can change over time, and past rates don't predict future ones.Evolving rules. Crypto regulation continues to develop.Frequently asked questions1. What is Nexo?
Nexo is a premier digital assets wealth platform that helps clients grow, manage, and preserve their crypto. It has operated since 2018 and serves more than 10 million clients worldwide (Q2 2026), with yield products, crypto-backed loans, trading tools, Private Clients services for portfolios of $100,000 or more, and 24/7 client care. Not every service is available in every jurisdiction.
2. Is Nexo a credible platform?
Yes. Nexo is an operating company that has been active since 2018. It works with Bakkt, an NYSE-listed US partner; Galaxy Research ranks it third among the CeFi crypto lenders it tracks; and its information security controls have been independently audited, with SOC 2 Type 2 reports for three consecutive years.
3. Is Nexo safe?
Nexo’s information security controls are independently audited under SOC 2 Type 2 and certified to ISO 27001, and its US partner, Bakkt, is an NYSE-listed company whose subsidiaries hold a New York BitLicense and state-level money transmitter licenses. Withdrawals pass through a real-time anti-scam engine, and data is protected via modern TLS and AES-256 encryption. These audits cover information security, not financial solvency, and Nexo products aren’t insured by the FDIC or SIPC.
4. How does Nexo rank among crypto lenders?
Galaxy Research ranks Nexo the third-largest CeFi crypto lender it tracks, by crypto-collateralized loan book, with a 7.51% market share at the end of Q2 2026.
5. Who holds Nexo clients' assets in the US?
Bakkt powers custody and trading infrastructure for Nexo clients in the United States. Bakkt is an NYSE-listed company whose operating entities hold a New York BitLicense and money transmitter licenses across multiple US states.
6. What do Nexo's certifications mean?
SOC 2 Type 2, audited by A-LIGN, tests that Nexo's data controls keep working over time. SOC 3 is the public summary of that audit. ISO 27001, 27017, and 27018 are international standards for information security management, cloud controls, and personal data in the cloud. CSA STAR Level 1 is a self-assessment of Nexo’s cloud controls, published in CSA’s public registry.
These materials are accessible globally, and the availability of this information does not constitute access to the services described, which services may not be available in certain jurisdictions. These materials are for general information purposes only and not intended as financial, legal, tax, or investment advice, offer, solicitation, recommendation, or endorsement to use any of the Nexo Services and are not personalized, or in any way tailored to reflect particular investment objectives, financial situation or needs. Yield and interest rates are not guaranteed, are subject to change, and may vary by eligibility, selected term, and wealth tier. References to Yield are product names and do not represent rates of return or performance. Nexo products are not bank deposits and are not insured by the FDIC or SIPC. Digital assets are subject to a high degree of risk, including but not limited to volatile market price dynamics, regulatory changes, and technological advancements. The past performance of digital assets is not a reliable indicator of future results. Digital assets are not money or legal tender, are not backed by the government or by a central bank, and most do not have any underlying assets, revenue stream, or other source of value. Independent judgment based on personal circumstances should be exercised, and consultation with a qualified professional is recommended before making any decision.
Services are provided by Bakkt Crypto Solutions, LLC. Digital assets may be held or serviced by third-party custodians, exchanges, lenders, or other service providers. Your ability to access or recover assets depends on the provider’s operational resilience and financial condition. If a provider becomes insolvent or experiences an operational disruption, you may experience delays in access to assets and could lose some or all of your assets. For more information, visit Bakkt Disclosures.
NEAR Protocol launches NEAR Business, a multisig treasury platform for Web3 firms and crypto desks covering 35+ chains, built on NEAR Intents with a 0.35% swap fee.
NEAR Protocol (@NEARProtocol) has launched NEAR Business, a multisig treasury management platform aimed at Web3 companies, institutional crypto desks and venture firms. The product is pitched as an institutional-grade alternative to traditional custody and treasury software.
What NEAR Business offersThe platform supports payroll distribution, capital deployment and cross-chain operations across more than 35 blockchain networks, including $BTC, $ETH and $SOL. Teams manage these activities from a single control panel and do not need third-party bridge protocols.
A related NEAR-linked treasury product, Trezu, describes a similar setup. The site also lists public and confidential treasury modes, bulk payments and audit-ready exports.
Multisig wallets are widely used for business treasuries because they spread signing authority across several people. according to B2BinPay's guide to business multisig wallets.
Pricing and the NEAR Intents backboneNEAR Business runs on the NEAR Intents Solver Protocol. It charges a 0.35% swap fee and subsidises transaction gas costs, a structure designed to drive settlement value for $NEAR. NEAR Protocol positions the pricing against traditional institutional custody providers that charge annual SaaS licence fees above $18,000.
NEAR Intents has grown quickly as a cross-chain settlement layer. More recently, according to Digital Today, which cited U.Today.
The scale of that activity gives NEAR Business an existing liquidity base for the cross-chain swaps it offers. Whether treasury teams adopt it will depend on how the 0.35% fee compares with existing tools and on how institutions weigh non-custodial multisig setups against regulated custodians. NEAR Protocol has not published adoption figures for the new product.
Sources:
Trezu: multi-chain confidential multisig treasuryNEAR: 2025 milestones and NEAR Intents growthDigital Today: NEAR Intents swap volume
NEAR Protocol přidal XRP na near.com. Uživatelé mohou vkládat XRP z XRP Ledgeru, směňovat je a provádět platby s důvěrnými transakcemi aktivovanými ve výchozím nastavení.
NEAR Protocol has added XRP to near.com, letting users deposit from the XRP Ledger, swap and pay with confidential transactions powered by NEAR Intents.
XRP is now available on near.com, the all-in-one crypto app from @NEARProtocol, with confidential transactions enabled by default. Users can deposit $XRP directly from the XRP Ledger, swap it for other assets and use it to make payments.
What the XRP integration offersThe listing means XRP holders can move funds into the app without first converting to another asset. Once inside, they can swap XRP for other tokens or spend it, all from a single interface.
Privacy is the main selling point. @XRP transactions on near.com are confidential by default, which keeps sender addresses, amounts and routing off public $NEAR explorers. A recipient receives the funds without seeing the sender's address or wallet history. Routing is handled by @near_intents, NEAR's system for swapping assets across chains.
The feature builds on NEAR's wider privacy push. CoinDesk reported that near.com launched in February as a super app, with a confidential mode that keeps balances, transfers and trading activity private within the network's security framework. NEAR co-founder Illia Polosukhin said at the time that onchain transparency is not realistic for day-to-day use.
How confidential execution worksAccording to NEAR's own documentation on Confidential Intents, transactions run on a NEAR private shard, a dedicated execution environment operated by a decentralized set of independent, permissioned validators. It connects to NEAR mainnet through a bridge based on trusted execution environments (TEEs). When a user goes confidential on near.com, deposits, transfers and swaps stay out of public view, and funds can be moved between confidential and public accounts at any time.
The design has limits. An explainer from the LeoDex exchange notes that this is confidentiality rather than anonymity, because deposits into and withdrawals out of the system remain visible on public chains.
Demand for the feature appears to be real. NEAR said in a general availability announcement that over 40% of volume across near.com used Confidential Mode within weeks of launch. That figure comes from NEAR itself and has not been independently verified.
For XRP holders, the addition offers a way to swap and pay across chains without exposing wallet history on public explorers. The XRP Ledger is also among the networks supported by NEAR's recently launched NEAR Business treasury platform, according to Crypto Briefing.
SourcesCoinDesk: NEAR launches Near.com super app
NEAR: Confidential Intents
Crypto Briefing: NEAR launches crypto treasury platform
Midnight Network představila Nightmode, funkci pro soukromí napříč blockchainy využívající MPC trezory pro Bitcoin, Ethereum, Solana a Tron bez tradičního mostu. Mainnet má být spuštěn s upgradem Ledgeru v9.
Midnight Network has unveiled Nightmode, a cross-chain privacy feature built with Sig Network that uses MPC vaults to extend $NIGHT privacy tools to Bitcoin, Ethereum, Solana and Tron.
Midnight Network has unveiled Nightmode, a cross-chain privacy feature built with @MidnightNtwrk and @Sig_Network. It is designed to extend Midnight's privacy tools to chains including Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL) and Tron ($TRX) without relying on a conventional bridge.
Nightmode is due to go live on mainnet with ledger v9, Midnight's next major network upgrade, later this year.
How Nightmode worksUsers lock coins in vaults on their home chain and receive a matching private balance on Midnight, guarded by shared keys. According to Crypto Economy, the vaults are Multi-Party Computation (MPC) contracts, and the original assets stay on their native network rather than moving through a traditional bridge. The same report says a vault is governed by seven private cryptographic signatures, and that Midnight records each deposit and issues tokens representing the user's balance in a shielded pool.
Sig Network describes itself as a signing network. On its website, it says no single signer holds the key and that it signs only requests that come from a contract on Midnight. It also says Midnight contracts can hold accounts on Ethereum, so users can trade on Uniswap or lend on Aave while their identities stay shielded.
On apps such as Uniswap, trade amounts stay public but the user behind them stays hidden. KuCoin News reports that users can trade, swap or stake the shielded tokens, and that burning them redeems the original native assets. The same report says Nightmode supports selective disclosure based on zero-knowledge proofs, aimed at meeting compliance requirements.
Context: ledger v9 and Midnight's push into DeFiLedger v9 is also the upgrade tied to Midnight's planned Solana support. Hokanews reports that Midnight Foundation CTO Sebastien Guillemot said the Solana integration remains on testnet, with a mainnet rollout scheduled for later in 2026. Midnight's own roadmap says the project is extending NightMode to additional blockchains, giving users on those networks access to private transactions on Midnight and giving Midnight users access to the liquidity held there.
Crypto Economy notes that the design targets DeFi, payments and real-world asset settlement, and that it does not claim transaction detail becomes invisible. Trade values remain visible, while identity information stays unlinked.
Nightmode is still pending mainnet release, so its real-world performance and security remain to be tested. Users should watch for the ledger v9 launch date and any audits of the vault design.
Staking Etherea dosáhl ve 3. čtvrtletí rekordních 43,8 milionu ETH, tedy téměř 36 % celkové nabídky ETH, zatímco anualizovaný výnos klesl z 2,81 % na 2,63 %.
Ethereum staking hit a new record in the third quarter of 2026, but investors found themselves earning smaller yields as rewards were spread across a wider pool of staked ETH.
According to Bitwise's latest quarterly staking report, 43.8 million ETH, which is nearly 36% of the total supply, was locked into staking at the end of September. At the same time, annualized staking yields averaged 2.63%, down from 2.81% in the prior quarter.
"As more ETH is staked, rewards are distributed across a larger pool, reducing the yield earned on each ETH," the researchers wrote.
Staked Ethereum QoQ. Source: BitwiseInstitutional staking drives Ethereum inflowsEthereum recorded net staking inflows of just under 2 million ETH in the third quarter, its sixth consecutive quarter of positive flows.
Institutional staking has been a big driver of these flows. Bitwise pointed to Bitmine, the leading Ethereum treasury company led by Tom Lee, whose staking rose more than 1,000% from 410,000 ETH in December to 5.07 million ETH as of Sept. 27.
Newly issued ETH accounted for more than 96% of Ethereum's staking yield, leaving the rest to come from transaction tips and revenue from ordering transactions (MEV).
In the same period, Ethereum network revenue fell to roughly $40.6 million from $63 million in the second quarter.
Solana staking hits record 69% of supplySolana's active staking numbers also hit a record, climbing to 440.5 million SOL, totaling 69% of the total supply. Similar to Ethereum, gross staking yields fell around 6%, with newly issued tokens making up 90% of returns.
The network recorded 14.2 billion transactions, up 45% from the second quarter, while average transaction costs stayed mostly flat.
Solana Non-Vote Transactions. Source: BitwiseTransaction fees jumped 49% to $76 million, driven mostly by memecoin trading. Tokenized equities trading volume climbed 45% to more than $6.9 billion.
R3 uvádí, že banky přesouvají využití blockchainu od snižování nákladů ke generování výnosů; tokenizace dluhopisů a alternativních aktiv by měla v příštím roce zrychlit.
Blockchain technology developer R3 co-founder Todd McDonald said on StrataMedia’s Talking Tokens podcast that banks’ approach to blockchain is shifting from early-stage trials to practical commercial applications. Financial institutions are now leveraging blockchain to launch new products and reach new customers, with their core focus moving from cost reduction to revenue generation. McDonald argues open blockchain networks hold greater development advantages, and all markets will eventually transition to on-chain operations. R3, which previously focused on providing private blockchain networks for banks, is now collaborating with the Solana Foundation to build the next-generation Corda as a Solana-based protocol, taking the lead in launching yield vaults that allow investors to deposit stablecoins and earn tokens backed by real-world assets. McDonald also noted that fixed income and alternative assets are poised to become hot segments in the tokenization space over the next year, with growth potential outpacing the currently more mature tokenized U.S. dollars and money market funds. R3 added that its on-chain real-world assets (RWA) have surpassed $10 billion, with its investors including Bank of America, HSBC, Wells Fargo, and Barclays.
Kamino, the Solana lending protocol, will give higher deposit caps and loan-to-value ratios to assets secured by Chainlink CCIP after a security review.
Kamino, the Solana lending protocol, has set out a tiered approach to cross-chain collateral. Assets that move between chains using @chainlink's Cross-Chain Interoperability Protocol (CCIP) will qualify for higher deposit caps and loan-to-value (LTV) ratios, meaning users can borrow more against them. The change follows a security review by @kamino.
What Kamino changed for CCIP assets
Kamino pointed to CCIP's default setup, in which 16 independent node operators verify each cross-chain transfer. Chainlink's own documentation describes the same design:
Tokens whose issuers set up their own cross-chain verification face a heavier review process. Kamino said these assets can expect lower caps and, in some cases, rejection or delisting. The protocol also said it can already pause markets for some cross-chain assets on Solana when it detects warning signs such as unbacked supply.
Why it matters for DeFi lendingThe decision ties collateral terms to the security model of the bridge or messaging layer an asset uses. Cross-chain bridges have been a recurring weak point in crypto. One industry explainer estimates that
Kamino's role in tokenized asset lending is also growing. Solana Compass, citing Blockworks Research data, reports that As more tokenized collateral arrives from other chains, the protocol's rules on how that collateral travels carry more weight.
Chainlink has also been expanding CCIP's features. Crypto Briefing reports that under that upgrade,
For borrowers, the practical effect is that the route a token takes across chains can now influence how much they can borrow against it on Kamino. Issuers weighing a custom verification setup face a trade-off between flexibility and more favourable lending terms.
SourcesCrypto Briefing: Kamino validates Chainlink CCIP for cross-chain collateral
Chainlink: CCIP, The Secure and Decentralized Cross-Chain Standard
Solana Compass: Kamino Finance project review
More than 450 tokenized US stocks and ETFs from Ondo Finance are now live on Jumper, the cross-chain app from LI.FI, across Ethereum, Solana, BNB Chain and HyperEVM.
More than 450 tokenized US stocks and ETFs from @Ondo are now live on @jumperapp, the cross-chain trading app launched by @lifiprotocol. Users can access them on Ethereum ($ETH), Solana ($SOL), BNB Chain ($BNB) and HyperEVM.
Each token is backed by real shares held with US-registered broker-dealers. LI.FI first opened Ondo's stocks to its partner apps in June.
How the rollout reached JumperLI.FI announced on June 22 that Ondo's tokenized assets were available through its network. According to LI.FI, the launch covered Ethereum and BNB Chain, with Solana listed as coming soon. The company said any integration partner could unlock the assets through its existing LI.FI integration.
LI.FI describes itself as powering cross-chain routing across more than 1,000 apps, wallets, fintechs and neobanks. Jumper is the consumer-facing app built on that infrastructure, which now gives retail users a direct route to the Ondo catalog.
Solana support followed this week. Solana Compass reported that LI.FI said on October 19 that Ondo's tokenized US stocks and ETFs on Solana were live through LI.FI Intents. The outlet noted that neither company had named a specific app or wallet that had switched the assets on.
What the tokens are, and who can hold themOndo Global Markets, since rebranded Ondo Stocks, launched in September 2025. MetaMask's explainer says the product runs on a mint-and-redeem model: Ondo, through its broker-dealer partner, buys and holds the underlying asset when a token is issued. It names Alpaca Markets as the US-registered broker-dealer that custodies the assets, with Ankura Trust providing independent verification.
The tokens give economic exposure rather than direct share ownership. CCN reported at launch that the assets mirror the performance of the underlying securities but do not grant shareholder rights such as voting, and that access was restricted to non-US and non-UK investors. Users should check eligibility in their jurisdiction before trading.
The platform has grown quickly. The Defiant reported in June that Ondo added 173 assets, taking its catalog past 430 across Ethereum, Solana and BNB Chain, and that Ondo holds more than 70% share among tokenized equity issuers, citing RWA.xyz.
Sources:
LI.FI: Ondo Tokenized Stocks Are Now Live on LI.FISolana Compass: LI.FI Brings Ondo Tokenized Stocks and ETFs to SolanaMetaMask: What is Ondo Stocks?
United States, 19th October 2026: MoneyGram, one of the world’s leading global payments networks, has joined XDC Network as an institutional validator.
By operating a validator node, MoneyGram will participate directly in XDC Network’s consensus infrastructure, helping validate transactions and support the security and resilience of a network built for payments, trade finance and real-world assets.
Founded over 85 years ago, MoneyGram moves money for around 60 million active customers through nearly 500,000 retail locations across more than 200 countries and territories. In June 2026, the company launched MGUSD, its own U.S. dollar stablecoin, embedded in the MoneyGram app as the foundation for a growing suite of financial services.
“The next wave of payments will not only be initiated by people but increasingly by AI agents transacting on their behalf, and that demands networks that are trustworthy, fast and secure, “ said Ritesh Kakkad, Co-Founder, XDC Network. “That trust comes from who stands behind the infrastructure. Every transaction on XDC is secured by our validators, and each institution that joins reinforces the infrastructure on which the future of global payments will be built.”
Added Chen Shanlong, Chief Partnerships Officer, XDC Network, “Running a validator node gives MoneyGram and other likeminded financial institutions a direct role in network governance and the opportunity to shape the future of onchain payments.”
MoneyGram’s move reflects a broader shift among established payments companies, which are moving from piloting stablecoins to building them into the core of their operations.
“MoneyGram has spent the past several years integrating blockchain into our payment infrastructure,” said Luke Tuttle, Chief Product and Technology Officer, MoneyGram. “By joining XDC Network as a validator, we’re contributing directly to the infrastructure supporting the network while continuing to build toward more open, interoperable ways to move money globally.”
MoneyGram joins a validator set that already includes SBI Holdings, Amber Premium, Animoca Brands, CertiK, Clear Street, Cointelegraph Decentralization Guardians, Deutsche Telekom, HashKey Cloud, Hex Trust, NTT DOCOMO Global, Republic and Taurus among other regulated institutions spread across Asia, the Middle East, Europe and North America. With a global payments network now in the set, XDC Network’s roster increasingly reflects the companies that move money in the real economy, not only those building for digital assets.
About XDC Network
XDC Network is an open-source, EVM-compatible Layer-1 blockchain built for payments, trade finance and real-world assets, offering high throughput, low fees and enterprise-grade security, while being ISO 20022–compliant to support interoperability with global financial messaging and payment systems. XDC Network underpins a growing ecosystem of regulated digital money, trade, and settlement solutions across the globe.
About MoneyGram MoneyGram is a global payments network that enables seamless money transfers through a digitally powered, omnichannel platform supporting both fiat and stablecoin transactions. Backed by over 85 years of trust, the company delivers fast, reliable cross-border financial solutions for consumers, developers and agents worldwide.
The company serves over 60 million active customers across 200+ countries and territories, nearly half a million retail locations and a rapidly expanding digital ecosystem reaching billions of devices. As one of the most recognized and trusted names in global payments, MoneyGram continues to reinvent how money moves, helping people around the world support their loved ones and build better futures. Learn more at corporate.moneygram.com.
Media Contact
Rachna Baruah | XDC Network | [email protected]
Injective uzavřel s BDACS memorandum o spolupráci, jehož cílem je postavit stablecoin KRW1 jako výhradní vypořádací aktivum denominované ve wonech pro aktiva reálného světa a tokenizační činnost na síti Injective.
Injective Injective INJ+1.80% has entered into a memorandum of understanding with BDACS to position KRW1, BDACS's Korean won-pegged stablecoin, as the exclusive won-denominated settlement asset for real-world assets and tokenization activity on the Injective network.
The collaboration aims to enable trading and settlement of tokenized assets directly in Korean won on Injective, rather than routing through dollar-denominated stablecoins. Minting and redemption of KRW1 will be limited to approved institutional partners and remain subject to regulatory approval.
“Without onchain won infrastructure, demand in tokenized markets will remain anchored to dollar stablecoins," said Harry Ryoo, CEO of BDACS. "Through our partnership with Injective, we will explore how KRW1 can serve as a won settlement asset for tokenized markets, and we will expand our collaboration step by step as Korea's regulatory framework develops."
The stablecoin market remains overwhelmingly denominated in U.S. dollars, with USD-backed stablecoins accounting for over 98% of the total market capitalization. According to data cited by the companies, South Korea's top five crypto exchanges have recorded 18 consecutive months of net stablecoin outflows to overseas platforms, totalling about $10.4 billion.
Closing the gapTo close this gap, the South Korean government and lawmakers have been working on the Digital Asset Basic Act, which would establish a framework for won-denominated stablecoins. The bill is reportedly in its final stages of consultation within the government and scheduled for discussion at the national legislature next month. Injective and BDACS' partnership aims to match the regulatory developments.
BDACS, a registered virtual asset service provider in South Korea, focuses on providing digital asset infrastructure and custody to institutional clients. The firm reported more than 80 billion KRW in assets under custody in the first half of 2026.
Injective has previously been selected by major South Korean corporations POSCO International and LG CNS for the issuance, transfer, administration, and settlement of trade receivables tied to international commerce. According to Injective, the Layer 1 network has processed more than $7.5 billion in real-world asset volume and has seen more than $1 billion in tokenized assets issued on the network.
"This initiative marks the first step towards bringing native Korean won markets on Injective, with more to come as Korean institutions bring their assets onchain," Injective wrote. "This will directly be implemented across Injective’s wide array of onchain markets, with further updates expected as specific use cases go live."
Pineapple Financial plánuje na blockchainu Injective tokenizovat celé hypoteční portfolio v hodnotě přes 10 miliard USD; dříve zde tokenizovala více než 1 miliardu USD z 29 000 hypoték.
Injective [INJ] has been among the tokens that have caught investors’ attention as the blockchain doubles down on its focus on real-world assets (RWAs), which have gained traction recently.
Investors have valued RWAs at around $367.75 billion at the time of this report, making them one of the fastest-growing blockchain segments despite months of bear market conditions.
INJ has performed decently over the past couple of weeks, with the asset gaining 61% in the past ninety days and extending its gains to 17.57% over the past thirty days.
In a recent development, Pineapple Financial, a Canadian-based mortgage company, announced plans to bring its entire portfolio onto the Injective blockchain.
The real estate portfolio is presently valued at over $10 billion. This comes after Pineapple Financial tokenized over $1 billion of its 29,000 mortgages on Injective earlier this year, under the ticker PALPO.
Since PALPO launched on the 5th of December, INJ has rallied over 60%, rising from $5.350 to about $8.594 at the time of this report, according to RWA.xyz.
An additional tokenized asset launching on its blockchain could strengthen investors’ outlook for the asset and boost buying pressure on INJ in the market.
Source: CoinGlass Over the past 120 days, Spot market data shows a strong uptick in INJ accumulation, with roughly $1.35 billion worth of the asset moving from exchanges into private wallets, while netflow remained negative at -$48.5 million at the time of this writing.
Injective’s on-chain activity grows On-chain activity for INJ has grown significantly over the past couple of weeks, supporting the bullish outlook.
According to DeFiLlama, Injective’s total value locked (TVL) has increased by $2.44 million since its October 9th low, bringing it to approximately $14.28 million as of this writing.
Source: DeFiLlama Similarly, DEX trading volume across the blockchain has maintained a steady level of $4.52 million over the past couple of days.
A steady trend in volume suggests stronger blockchain utility and increases the likelihood that the price can sustain its upward movement in the market.
Additionally, the stablecoin market supply on the Injective chain has continued to surge over the past couple of days. Data at press time shows that the supply has reached $17.13 million, up 27.25% over the past thirty days.
Institutional interest in INJ rises Investors may be accumulating INJ because they consider the asset undervalued ahead of several developments expected on the blockchain in the coming days.
One such development involves Injective exchange-traded funds (ETFs). So far, there have been three applications, including the 21Shares Injective ETF, Canary Staked INJ ETF, and REX-Osprey, all pursuing ETF offerings tied to the asset.
The filing of these ETFs could unlock traditional finance capital for the asset, as investors may accumulate INJ, similar to the impact seen with Bitcoin and other crypto assets.
Final Summary Injective [INJ] has gained 61% in 90 days, as Pineapple Financial plans to tokenize its $10 billion mortgage portfolio on the blockchain. Rising on-chain activity, increased INJ accumulation, and three ETF applications could support investor interest in the asset.
Gitcoin zvažuje nasazení nevyužitých 15,2 mil. USD v USDC a ETH do výnosových strategií on-chain a stakingu ETH, což by při odhadovaných sazbách mohlo přinést přibližně 540 000 USD ročně.
TEMP CHECK - put the idle treasury to work
tl;dr
about $15.2m of gitcoin’s treasury and matching pool is sitting in plain usdc and eth earning nothing. at conservative rates that’s roughly $500k a year we’re leaving on the table. i’d like us to put it to work.
what’s idle
wallet
idle
~usd
matching pool safe 0x25A84CC1014062463a829Fbc2B0848798BF5E378
3.30m usdc, 2,247 weth
$8.79m
gtc (about 15m tokens across the timelock, the csdo multisig and the matching pool) isn’t counted here.
what it’s costing
idle
assumed rate
per year
stables
$8.2m
~4%
~$330k
eth
$6.9m
~3% (staking)
~$210k
total
~$540k
the rates are my rough assumptions.
the proposal
in february we ended avantgarde’s mandate and said the pool would be managed “through dao-controlled, non-intermediated approaches.” this is the second half:
keep runway liquid: 12 months of opex stays in plain usdc
the rest of the stables go into a short list of plain, battle-tested, onchain yield sources (for example sky savings or aave)
eth gets staked through liquid staking
no external manager. the dao’s own safes hold every position, and anyone can verify them onchain
yield funds matching, per the february proposal
a regular report on this forum: positions, yield earned, any losses
a trading mandate
markets move faster than a governance vote. i’d also like the dao to give me and the gitcoin foundation a standing mandate to trade in and out of liquid coins on the dao’s behalf (for example rotating between stables and eth, or out of the old donated tokens sitting in the matching pool), so we can act inside a week instead of a month.
the guardrails i’d propose:
liquid coins only: stables, eth and its liquid staking tokens, and the large donated tokens with deep markets. no leverage, no derivatives, nothing illiquid
foundation safes, foundation signers. trades execute from multisigs where foundation signers have to approve, so i can’t trade alone
a cap per quarter (say 35% of the liquid treasury) set by the dao and changeable only by the dao
the dao can revoke it with a simple vote at any time
the risks
smart contract risk is real, and that’s why nothing exotic goes in. staked eth can depeg briefly in a panic, which is why runway stays in plain usdc. and we pay a few hundred dollars in gas plus signer time.
my view is that $500k a year beats those costs by a wide margin.
the ask
should the dao deploy idle treasury assets for yield?
is 12 months of liquid runway the right buffer?
which yield sources would you trust, and which would you veto?
should me and the foundation hold a trading mandate for liquid coins, and are the guardrails above tight enough?
if this lands, i’ll come back with a formal proposal naming the exact protocols and allocations.
owocki
Disclaimer: This post is for informative purposes only and is not financial advice. This post reflects my personal views, not a decision or commitment by Gitcoin governance. Forward-looking items in it are targets, not commitments. The information in these posts is subject to change as we continue learning. This post may contain estimates, may contain errors, and is provided on a best-effort basis. DYOR, do not make any financial decisions based on these posts.
Arbitrum podle údajů společnosti Chainspect překonal za celou svou historii hranici 2,4 miliardy transakcí, což představuje nové maximum pro tuto síť druhé vrstvy Ethereum.
Arbitrum has passed 2.4 billion lifetime transactions, according to Chainspect data. Here is what drives activity on the Ethereum Layer 2 and how it compares with rivals.
On-chain data shows @Arbitrum has passed 2.4 billion lifetime transactions, a new high for the Ethereum Layer 2 network. The figures were analyzed through @chainspect_app, a blockchain analytics platform that tracks transaction counts, throughput and fees across networks.
The milestone points to sustained demand for $ARB's home network, which has built its activity around perpetual derivatives order books, automated market maker (AMM) pools and fast stablecoin settlements. These use cases depend on cheap, quick execution, which is the problem Arbitrum was built to address.
How Nitro supports high transaction countsArbitrum is an Ethereum scaling network that uses optimistic rollup technology. According to Arbitrum's technical documentation, a Layer 2 system runs transactions without Ethereum needing to do all the work, with results later confirmed on the base layer.
Its current software, the Nitro stack, is described in the project's whitepaper as offering higher throughput, faster finality and more efficient dispute resolution than previous rollups. Nitro works by separating the sequencing of transactions from their execution, then settling results to Ethereum using fraud proofs.
Chainspect data also shows the network's speed profile. A Chainspect profile lists a block time of about 249 milliseconds and a theoretical throughput of 6,095 transactions per second, with a maximum recorded rate of 2,036 TPS over 100 blocks. Live throughput varies with demand and is usually far lower.
How Arbitrum compares with other networksThe 2.4 billion figure puts Arbitrum ahead of several established chains on lifetime transactions. Chainspect's comparison pages have previously shown Arbitrum with around 2.37 billion total transactions versus 1.44 billion for Bitcoin.
Leadership among Ethereum rollups is more contested. The same analytics provider shows Base with a larger all-time transaction count than Arbitrum, at roughly 6.83 billion versus 2.25 billion in one snapshot. Rankings differ depending on whether they measure lifetime totals, recent volume or value secured. On the latter, Arbitrum has been described as Ethereum's largest L2 by total value locked.
Separately, the Arbitrum Foundation's bi-annual update, as reported by Crypto Briefing, put the network's lifetime total at 2.7 billion transactions, including 478 million in the first half of 2026. Counts differ between data providers because of varying methodologies, so readers should check the source when comparing figures.
SourcesChainspect: Arbitrum TPS, finality, fees and block time
Arbitrum Docs: Inside Arbitrum Nitro
Crypto Briefing: Arbitrum Foundation H1 2026 report
Na síti Arbitrum je v eurové třídě tokenizovaného fondu SAFO od Amundi drženo 158,86 milionu USD, což je více než dvojnásobek oproti 64,17 milionu USD na síti Ethereum.
Arbitrum has deepened its foray into tokenized traditional assets, overtaking Ethereum in holdings of a major euro-denominated fund managed by Amundi, as interest in institutional adoption on blockchain networks continues to grow. While the ARB token maintains its footing above a critical support level, analysts are watching closely for a possible breakout that could signal renewed momentum.
Arbitrum surpasses Ethereum in tokenized fund exposureAccording to data from MSB Intel, Arbitrum holds $158.86 million of the euro share class in SAFO, a tokenized fund managed by the prominent asset manager Amundi. Amundi currently oversees nearly €2.6 trillion in assets under management. Over the past 90 days, Arbitrum’s share in the fund rose by 103.68%, marking more than double Ethereum’s $64.17 million position in the same category.
These figures underscore Arbitrum’s growing presence in the sphere of tokenized traditional financial products, where blockchain-based representations of funds are aimed at improving efficiency in transfers and settlement of assets. While the adoption of tokenized fund products signals increasing institutional engagement, the reported holdings do not automatically translate into direct revenue for Arbitrum or additional demand for the ARB token.
The ongoing competition among blockchain networks to attract traditional financial assets has become especially prominent, with Amundi’s involvement considered significant because of its management scale and influence in global markets.
Arbitrum currently leads the race in the euro share class of Amundi’s SAFO fund, holding more than twice the amount seen on Ethereum, highlighting an accelerating trend of institutional adoption in blockchain-based finance.
It is important to note, however, that this comparison pertains specifically to the euro share class of the tokenized fund, not the broader tokenized assets sector. Both Arbitrum and Ethereum are represented in this traditional financial product, underscoring expanding experimentation across leading blockchain networks.
Key technical levels for ARB priceOn the price front, market analyst Bitcoin Meraklisi identified a crucial support level at $0.1733 for ARB, suggesting this point serves as a linchpin for the token’s current trajectory. If ARB maintains this level, optimism for further gains persists. The next major resistance is at $0.23, defined by Meraklisi as the neckline in an inverse head-and-shoulders chart pattern— a widely cited formation in technical analysis signifying potential bullish reversal.
Breaking above $0.23 and the prevailing trendline, which ARB has tested unsuccessfully four times since its introduction, would further bolster confidence in a sustained rebound. Meraklisi noted that confirmation of upside potential hinges on a breakout above these thresholds, while losing the $0.1733 support could undermine near-term sentiment.
Analyst targets $1.19 and $2.21 if breakout confirmedShould ARB clear both the neckline and trendline, Meraklisi outlined ambitious target levels at $1.19 and $2.21. These prices would require a significant technical breakout combined with favorable market momentum and sustained investor interest.
Technical analysts caution that holding above $0.1733 remains critical to maintain upward momentum for ARB, with any sustained breach risking a notable downside move.
Whether the broader adoption of tokenized traditional assets on Arbitrum can translate directly to ARB token price gains remains uncertain. Analysts stress that technical setups, momentum indicators, and ongoing shifts in overall crypto market sentiment will be decisive as the token faces key support and resistance zones in the days ahead.
Rapid movements triggered by Federal Reserve policy changes or sudden altcoin listings are driving market participants to streamline their monitoring processes. In this environment, many traders are opting for all-in-one, privacy-focused platforms like CryptoAppsy, which integrate real-time charts, tailored price alerts, specific crypto news feeds, and macroeconomic data onto a single screen, all without requiring user registration.
Arbitrum’s prominent holding in Amundi’s tokenized fund signals its growing role in the development of real world asset infrastructure, while near-term ARB price direction remains dependent on both technical factors and broader adoption trends.
Today we’re excited to launch Arkham Enterprise, a platform for advanced crypto analytics.
Arkham Enterprise brings Arkham’s data into professional workflows, including asset tracing, risk scoring, case management, and trading research. All backed by the world’s best labelset: 3.9 billion attributions covering $1.8 quadrillion in on-chain volume.
Alongside the launch, we’re updating which features are available on our free platform and introducing an Enterprise Grants program for qualifying investigators and researchers.
REQUEST ACCESS
Arkham EnterpriseOver the past several years, Arkham has freely provided some of the best available blockchain data and analytics to the crypto community as a public good. Millions of people use Arkham to track what’s happening on-chain, from traders to compliance professionals to law enforcement agents.
As part of this growth, we’ve seen strong demand from sophisticated users for a platform suited to advanced professional use cases. We’ve built Arkham Enterprise to meet that demand, bringing our data and advanced analytics tools together in a platform designed for professional workflows.
This launch includes new Enterprise tools and major upgrades to the free platform:
Real-time Data
Alongside Enterprise, we’re rolling out major improvements to data freshness across both our free and Enterprise platforms. Previously, a large amount of the data and labels on Arkham were only updated once a day. We’ve rebuilt the underlying infrastructure so that these elements now update in real time. New transactions will appear without requiring a page refresh, new labels will appear as they are created instead of once a day, and address balances will reflect the most recent transactions.
Performance and Reliability
Alongside these upgrades, we’ve been improving performance across Arkham. We’ve reduced alert latency by approximately 80% on most supported chains. The changes announced today will also reduce database load, resulting in improved stability and lower latency across the platform.
Tracer 2.0
The Tracer has been rebuilt for professional blockchain investigations. Start from any address, pull its counterparties onto the network map, and follow the money hop by hop. New bridge support lets you follow funds across supported chains within the same trace.
Visualizer 2.0
Paste any address or entity and its incoming and outgoing transactions render in real time as an interactive graph: transfers, counterparties, and tokens in one view.
In addition to a complete visual redesign, Visualizer 2.0 adds a volume overview for the visualized data, a transaction details module, and keyboard shortcuts—now you can undo your last move with cmd/ctrl + Z, making it easier to refine a graph as you investigate.
Case Management
Complex investigations require more than tracing individual transactions. Enterprise’s Case Management tool lets you bring findings together in one place, organize them by case, and build a structured record as your investigation develops.
Risk Scoring
Enterprise brings risk scoring directly into Arkham, allowing users to assess address and entity risk alongside the underlying on-chain activity. Powered by Arkham’s attribution data, it provides quantitative risk indicators covering sanctions exposure, mixer exposure, source of funds, and the number of transaction hops separating an address from a flagged source.
Changes for Free UsersThe following changes to our free platform take effect today:
Tracer 2.0 will be available only to Enterprise users. Visualizer 2.0 will remain available to free users.
Transaction filtering and full transaction history will also now only be available to Enterprise users. Free users will be able to view the 100 most recent transactions for an address or entity.
Creating new custom labels and entities will require Enterprise. Free users will retain their existing custom labels and entities and will still be able to edit existing label names.
Finally, the counterparties section on explorer pages will be Enterprise-only.
The free platform will continue to include:
All Arkham labels, including predicted labelsVisualizer 2.0Prediction MarketsBlock ExplorerTagsPre-existing custom labels and entitiesArkham remains the most powerful free blockchain analytics tool on the market.
Arkham Enterprise GrantsTo further support our mission of deanonymizing the blockchain, we are launching an Enterprise Grants program to provide free access to Enterprise to select applicants. The program is intended for independent investigators, researchers, and public-interest organizations whose work advances transparency and accountability in crypto. Enquire here.
Celestia has switched on Fibre, a new high-throughput lane for rollup data, on its mainnet. Activation came on approximately October 20, 2026, after validator signaling crossed the required 83.33% voting power threshold.
Fibre works as a parallel data availability layer. It is run by the same validator set that already secures Celestia, so no new operators are involved.
Data availability is the plumbing that lets rollups prove their transaction data was actually published. Without it, nobody can check that a rollup is telling the truth about its own history.
Celestia normally handles this through its L1 “data square,” a structured layout that data gets packed into for each block. Fibre steps outside that process. Blobs, the chunks of data rollups submit, go straight to validators.
The checks still happen. Commitments and validator signatures continue to land on-chain, so there is still a public record that the data was received and attested to.
The launch numbers The initial release has firm limits. A single Fibre blob can be up to 128 MiB, and each block can hold up to 200 Fibre submissions.
There is also a floor. The minimum blob size is set at 256 KiB, which signals that Fibre is built for heavy loads, not tiny transactions.
Rollups now get a choice of two paths. The standard Celestia L1 route handles blobs up to 8 MiB and relies on sampling-based verification. Fibre handles much larger payloads, making the maximum Fibre blob 16 times bigger than the standard L1 ceiling.
In an October 2026 benchmark, Fibre sustained 3.07 Tb/s of throughput across 120 validators. An earlier test in January 2026 reached 1 Tb/s across roughly 500 nodes.
The mainnet version runs with smaller uploads and a slower block cadence than the terabit benchmark setup.
Where TIA fits in Celestia’s native token, TIA, handles three jobs tied to Fibre: staking, escrow deposits, and fee payments.
Fibre fees are built from two parts. One component scales with the size of the data submitted, and the other is a base fee.
The escrow deposit requirement links Fibre usage directly to demand for the token, as users of the high-throughput lane need to lock up TIA.
The background: governance by validator vote Fibre did not arrive by decree. It needed validators holding 83.33% of voting power to signal support before it could activate.
Those same validators now take on extra work, running a parallel data pipeline next to normal block production. The roughly ten months between the January 2026 test and the October activation reflect a staged rollout through testnet implementations including Mocha, culminating in the mainnet launch of Celestia’s Fibre v10 app.
What this means for rollups and the DA market Rollups that need cheap, sampling-verified data storage can stay on the standard L1 path. Rollups with very large data needs can move to Fibre. The research behind this report identifies high-throughput sectors such as AI and microtransactions as potential fits, workloads that produce large amounts of data consistent with the 256 KiB minimum.
Fibre skips the standard data square, so its security rests more heavily on validators confirming they hold the data, whereas the standard L1 path offers sampling-based verification.
The gap between benchmark and launch limits is the other thing to track. The test hit 3.07 Tb/s, while mainnet is running with smaller uploads and a slower cadence. How quickly those limits get raised will show how confident the network is in Fibre under real conditions.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Intelligent Portfolios od společnosti Ondo Finance překonala během 30 dnů hranici TVL více než 20 milionů USD. Jednotné tokeny kombinují akcie, dluhopisy a hotovost ve strategiích vytvořených ve spolupráci s BlackRock.
Ondo Finance says its Intelligent Portfolios have passed $20 million in TVL within 30 days, offering single tokens backed by equities, fixed income and cash, with BlackRock-built strategies.
@ondofinance says its Intelligent Portfolios product range has reached more than $20 million in total value locked (TVL) in just 30 days, an early sign of demand for tokenized, multi-asset investment products.
How Ondo Intelligent Portfolios workEach portfolio is packaged into a single liquid token backed by a mix of equities, fixed income and cash. Holders get exposure to the full allocation without buying and rebalancing each position themselves. Transparency comes through proof-of-reserves, while rebalancing is automated and programmatic, run through the non-custodial consumer wallet and DeFi protocols.
The product category launched on Sept. 24, 2026. Ondo Finance described it as curated portfolios delivered as single onchain transferable tokens. According to the company, constituents, weights and every rebalance are visible onchain, and the tokens can be transferred peer-to-peer across wallets, exchanges and DeFi protocols. Each portfolio token is issued by Ondo Global Markets and tokenized by Ondo Finance.
The structure goes beyond tokenizing a single asset. Earlier tokenization efforts focused on single assets such as Treasuries or individual stocks, while this launch packages an entire portfolio strategy into one transferable token, according to Genfinity.
BlackRock-built strategies and who can access themThe current range consists of seven institutional strategies, three of which are custom portfolio allocations created with BlackRock. The first three launched were Ondo High Income Powered by BlackRock (BLKHIon), Ondo Diversified Growth Powered by BlackRock (BLKDIGon) and Ondo High Growth Powered by BlackRock (BLKGRWon), according to Blockhead.
Access is limited. The portfolio tokens are aimed at eligible investors outside the United States. Blockhead reported that BlackRock supplies the model allocations while disclaiming any role as adviser or manager.
The launch also builds on an existing relationship. Ondo previously used BlackRock's BUIDL tokenized money-market fund for its OUSG treasury product, per CryptoRank's coverage. Ondo has said it intends to expand the product line with additional onchain portfolios over time.
A $20 million TVL figure is modest next to the wider Ondo ecosystem, but the 30-day pace suggests investors are testing portfolio-style tokens alongside single-asset products. Whether that growth continues will depend on how many strategies Ondo adds and how many jurisdictions it can serve.
Sources
Ondo Finance press release via Morningstar and PR Newswire
Blockhead: Ondo launches tokenised model portfolios built on BlackRock strategies
Genfinity: Ondo Intelligent Portfolios turn BlackRock strategies into single onchain tokens
1inch adds 450+ Ondo tokenized US stocks and ETFs on Solana, using Fusion RFQ matching for MEV-resistant execution of assets backed 1:1 by regulated custody.
@1inch has added more than 450 tokenized public stocks and ETFs from @OndoFinance to its Solana routing, giving users on the @Solana network access to tokenized equity trading through the 1inch ecosystem. The integration uses 1inch Fusion's RFQ matching protocol and the company's consumer apps to deliver MEV-resistant execution for tokenized assets backed 1:1 by shares held in regulated custody.
How the integration worksOndo's tokens are designed to mirror the underlying securities. According to Ondo's legal documentation, the tokens are fully backed on a 1:1 basis, plus a buffer, by securities held through a regulated custodial broker-dealer, along with cash in transit. Ondo's documentation also states that the structure is a note issued by a bankruptcy-remote special purpose vehicle in the British Virgin Islands.
Holders should note the legal distinction. MetaMask's explainer on Ondo Stocks says the tokens give economic exposure to an asset's price and total return, including reinvested dividends, rather than legal ownership. It adds that equities are held via US-registered broker-dealer Alpaca Markets and verified through independent attestations from Ankura Trust.
Ondo's tokens are aimed at users outside the US. Ondo has said its tokenized stocks are available from anywhere outside the US, subject to jurisdictional and other restrictions, and that mints and redemptions are aligned with market hours while transfers can happen at any time.
Ondo's growth on Solana1inch is not new to the Ondo ecosystem. At the platform's September 2025 launch, The Block reported that 1inch had upgraded its Swap API to give access to the tokenized assets through its dapp, wallet and partner platforms in eligible jurisdictions.
Ondo then expanded to Solana. Ondo said in a post on Solana's website that users could access more than 200 tokenized US stocks and ETFs on the network at launch, including NVDA, AAPL, META, SPY and QQQ. The platform has since been renamed Ondo Stocks. Genfinity reported that the rebrand followed TVL passing $1 billion and the catalog growing above 438 assets.
The 1inch integration brings that catalog into a DEX routing environment. For traders, the pitch is tighter pricing and protection from MEV, the practice of reordering or inserting transactions to extract value, on assets that track traditional equity markets. As with all tokenized securities, access depends on local eligibility rules, and the tokens do not carry the same rights as shares held directly.
Sources:
Ondo Finance: Legal and Regulatory documentationMetaMask: What is Ondo Stocks?Solana: Ondo Global Markets on Solana
LayerZero has set November 30 to launch its Zero blockchain and the lzATLAS settlement layer, with $ZRO fee burns and institutional pilots on the roadmap.
@LayerZero_Core has set November 30 as the launch date for the mainnet of Zero, its own layer 1 blockchain, alongside its native settlement layer, lzATLAS. The launch is a major step in LayerZero's shift from a cross-chain messaging protocol to infrastructure for financial markets, with the $ZRO token at the centre of the fee model.
What launches on November 30The first release will go live with Open ATLAS, which is set to integrate more than a dozen decentralized exchange platforms to support liquidity. ATLAS is short for Aggregated Trading, Liquidity and Settlement. The Block reported that it is built on the Zero blockchain and designed to combine matching, clearing, settlement and risk functions.
Institutions are expected to use the platform to test cross-chain transfers of traditional capital-market processes. These involve US equities and sovereign fixed-income markets, which together see more than $1 trillion in daily trading value.
Zero was announced in February. CoinDesk noted that the project has involved DTCC, Intercontinental Exchange and Google Cloud, along with a strategic investment from Citadel Securities. The chain uses zero-knowledge proofs to verify trades onchain, according to The Block.
How $ZRO fits inThe platform pairs a high-throughput execution layer with a deflationary sink for $ZRO. Under the fee design, 75% of fees are rebated through a spot-market buy-and-burn mechanism.
The details of the fee split were outlined when ATLAS was unveiled in August. According to The Block, ATLAS charges a single all-in trading fee. In Open ATLAS, trading venues receive rebates of 20% to 65% depending on their ZRO stake and trading volume. Of the fees that remain, 25% goes to market creators and 75% is used to buy and burn ZRO.
$ZRO also has a role in network security. The Block reported that it will secure Zero through delegated proof-of-stake, serve as the gas token and be used for governance. Trading venues can stake it to qualify for higher rebates.
Whether the burn mechanism has a meaningful effect will depend on how much trading volume ATLAS attracts. CoinMarketCap's analysis noted that the mechanism's effectiveness is untested until ATLAS and Zero go live.
Sources:
The Block: ZRO token surges as LayerZero unveils ATLAS exchange infrastructureCoinDesk: LayerZero unveils trading infrastructure for crypto and tokenized marketsCoinMarketCap: LayerZero (ZRO) price prediction and outlook
Evernorth, veřejně obchodovaná společnost spravující treasury rezervy zaměřené na XRP, chystá blíže nespecifikované oznámení na konferenci Ripple Swell 2026 v New Yorku.
Evernorth, the XRP treasury company backed by Ripple, has hinted at a special announcement at Ripple Swell 2026, taking place in New York City from October 27 to 29.
In a post on X, Evernorth said, “Something special is planned for Ripple Swell 2026,” but did not reveal any details.
The teaser comes ahead of Ripple’s annual conference, where financial institutions, payment companies, regulators, and crypto industry leaders gather to discuss blockchain and digital finance.
Evernorth Joins Ripple Swell 2026 as an Official Partner
Evernorth is an official partner of Ripple Swell 2026, alongside Ondo, RedotPay, SALT Conference, Water, the XRP Ledger Foundation, XRPL Commons, and ZILO.
The conference will take place at The Shed in Hudson Yards, New York City. This year, Ripple Swell, XRPL Apex, and UBRI Connect will be held together, bringing financial institutions, blockchain developers, and academic researchers under one roof.
Notably, Evernorth went public on Nasdaq this month under the ticker XRPN. The company focuses on holding XRP as a publicly traded treasury firm and is backed by Ripple.
Former Ripple exec Asheesh Birla is Evernorth’s CEO. Ripple CEO Brad Garlinghouse and XRP Ledger co-creator David Schwartz are among its advisors.
What Will Evernorth Announce?
Evernorth has not revealed what it plans to announce at Ripple Swell 2026. It could be a new product, a partnership, or an update to its XRP treasury operations.
Given its focus on XRP and its connection to Ripple, the announcement could involve institutional XRP investments or the wider XRP Ledger ecosystem.
As the conference approaches, Evernorth’s teaser has added to the excitement around an event focused on traditional finance, digital assets, and blockchain technology.
Something special is planned for @RippleSwell 2026. 🐻
Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: https://t.co/nmW9NrOrGY pic.twitter.com/H97kPMKM70
— evernorthxrp (@evernorthxrp) October 19, 2026
Ripple Swell Agenda Focuses on XRP Ledger Developments
Meanwhile, Ripple Swell 2026 will cover institutional adoption, tokenization, stablecoins, digital asset management, and the future of the XRP Ledger (XRPL).
One key session, titled “Building What’s Next for XRPL,” will feature David Schwartz and Ripple engineering director Ayo Akinyele on October 28 at 4:30 p.m. ET.
The session will discuss new developments in privacy, artificial intelligence, decentralized finance, scalability, and technology for financial institutions.
Other sessions will explore how AI could automate payments, how real-world assets can be tokenized, and how financial institutions can use blockchain technology.
Ripple will also present updates on payments, stablecoins, treasury management, and the use of XRP.
Speakers from Robinhood, BNY, CME Group, Coinbase Institutional, and other financial and technology companies are also expected to attend.
Binance spustila druhou fázi programu USD1 s odměnami ve výši 2,5 milionu USD1 a propagační rezervou 150 milionů WLFI vytvořenou ve spolupráci s World Liberty Financial.
Binance launches Stage Two of its USD1 incentive program with 2.5M $USD1 in secondary reward pools, alongside a 150M $WLFI reserve built with World Liberty Financial.
@Binance is bringing @worldlibertyfi's dollar-pegged stablecoin $USD1 into its centralized exchange yield-generation framework, with the launch of Stage Two of its user incentive program.
The new phase releases a total of 2.5M $USD1 in rewards into secondary reward pools. This comes on top of a 150M $WLFI promotional reserve pool that Binance built jointly with World Liberty Financial.
A continuation of earlier USD1 campaigns on BinanceThe move extends a series of incentive programs linking the two companies. An earlier campaign offered weekly $WLFI airdrops to users holding a minimum balance of $USD1, with a total allocation of $40 million in tokens. Binance said at the time it aimed to encourage users to hold or deploy their USD1 across supported products.
The program was later extended. According to MEXC News, 235 million $WLFI tokens were offered from February 20 to March 20, 2026 to users holding $USD1.
Binance has also backed USD1 through trading incentives. In a December 2025 press release, Binance said VIP Level 2 to 9 users would pay zero maker and taker fees on BNB/USD1, BTC/USD1, ETH/USD1 and SOL/USD1 pairs, while all users would pay no fees on USD1/USDT and USD1/USDC pairs.
What USD1 is and where it standsThe same release describes USD1 as a fully redeemable, 1:1 dollar-backed stablecoin, with reserves held in U.S. Treasury bills, cash deposits and other cash equivalents. Coinbase data shows it launched in March 2025 and is closely associated with the Trump family.
Its supply is heavily tied to Binance. Eco, citing CoinGecko and Binance data, estimates the exchange holds roughly 87% of total USD1 supply, making it the dominant venue for the asset. That concentration helps explain why incentives on the exchange can move the stablecoin's numbers.
The timing is notable. BigGo Finance, citing CoinGecko data, reports USD1's market capitalization fell by about $401 million, or 9.1%, to roughly $4.02 billion between Oct. 6 and Oct. 19, driven mainly by net redemptions on Ethereum and BNB Chain. The same report says USD1 held its peg throughout, trading between $0.998 and $1.000.
Stage Two adds fresh $USD1 and $WLFI incentives at a point when the stablecoin's supply has been shrinking. Whether the larger reward pools draw new balances onto the exchange is likely to show up in USD1 supply data over the coming weeks.
SourcesBusiness Wire: Binance expands USD1 integration
BigGo Finance: USD1 market cap and redemptions
Coinbase: World Liberty Financial USD overview
Pump.fun integroval balíčky gacha od Collector Crypt; uživatelé během prvního dne otevřeli balíčky v hodnotě zhruba 2 milionů USD. CARDS po této zprávě vzrostl o 19 %.
Pump.fun, the Solana platform best known as a factory for meme coins, now sells trading card packs too.
On October 19, 2026, the app integrated Collector Crypt’s gacha pack-opening feature and its trading card game marketplace. Collector Crypt’s native token, CARDS, rose 19% after the news, according to CoinGecko data.
The early numbers suggest this was more than a novelty tab. Users opened approximately $2 million in packs on the first day. That came from around 1,700 new users who engaged with the feature.
What actually launched
The integration lets Pump.fun users buy randomized packs of tokenized, graded trading cards. The inventory spans Pokémon, One Piece and a range of sports cards.
The launch-day volume carried real weight inside Collector Crypt’s own business. Pump.fun’s users drove roughly 20% of Collector Crypt’s total daily gachapon volume on day one.
How the pack machine works
Collector Crypt’s model sits at the intersection of physical collectibles and onchain trading. Each digital pack is linked to physical trading cards.
Once a card is pulled, the owner has options. The card can be traded on the blockchain, or it can be redeemed for the physical item.
The randomness is handled by a verifiable random function. That’s a cryptographic method designed so anyone can check that a draw wasn’t rigged after the fact.
Collector Crypt also offers a buyback on pulled cards. Depending on the pack tier, it will repurchase cards at 85% to 93% of their insured value.
A strong year for Collector Crypt
The Pump.fun deal lands on top of an already busy 2026 for Collector Crypt. It has frequently ranked among the top revenue-generating decentralized applications on Solana. Collector Crypt has also posted strong growth in user engagement over the same stretch.
What this means for Pump.fun, Collector Crypt and CARDS holders
For CARDS holders, the 19% move reflects a simple bet: more distribution should mean more volume. If Pump.fun keeps routing a sizable share of gachapon activity, Collector Crypt’s revenue picture could benefit.
Around 1,700 users and approximately $2 million in packs is a strong opening, but the real test is whether those users come back next week. The more useful signal will be whether Pump.fun’s share of daily volume holds near that roughly 20% mark over time.
There are risks on the product side too. Gacha mechanics are, at their core, games of chance, and the buyback range means instant sellers absorb a 7% to 15% haircut on insured value.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Švýcarský regulátor FINMA schválil první spotové bitcoinové ETF přístupné drobným investorům. Fond získal výjimku z pravidel diverzifikace, FINMA však upozornila na vysoké riziko.
The Swiss regulator cleared a retail exchange-traded fund that holds bitcoin directly, without naming the fund or its issuer, and warned that the investment remains highly risky.
Swiss regulator FINMA approves the country's first retail bitcoin ETF
Posted October 20, 2026 at 9:21 am ET.
Switzerland’s financial markets regulator has approved the country’s first exchange-traded fund that holds bitcoin directly, and it is open to retail investors. The Swiss Financial Market Supervisory Authority (FINMA) announced the decision on Oct. 20, saying it had seen growing interest in crypto investments, especially bitcoin.
FINMA did not name the fund, its issuer, where it will list, or when trading will begin. The regulator said other fund providers have also filed or announced plans to file for bitcoin ETFs of their own.
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An Exemption for Bitcoin Under Swiss law, the product is classed as an “other fund for alternative investments” carrying a specific risk. To approve it, FINMA granted an exemption from the risk diversification rules that would normally apply to such a fund. The regulator pointed to bitcoin’s lengthy trading record and its heavy volume relative to other cryptocurrencies as the basis for that exception.
The approval comes with conditions. Supervised institutions must take steps to reduce operational and custody risks in line with guidance FINMA issued on Jan. 12, 2026. Point-of-sale conduct rules under Switzerland’s Financial Services Act (FinSA) also apply, which FINMA said should give buyers more protection than they would have when buying cryptocurrencies directly. The fund’s documents are expected to spell out its risks clearly.
A Warning Attached FINMA paired the approval with a caution. Bitcoin investments “remain highly risky,” it said in the release, even when held through an approved ETF, and because of crypto’s volatility “the capital invested may lose a significant amount of its value.” The regulator told investors to weigh that, particularly when deciding how much to put in.
For firms offering crypto-based financial instruments, FinSA’s conduct rules “must be strictly adhered to,” FINMA said in the same statement, including clear warnings about volatility and the chance of losses, along with careful suitability assessments.
The decision builds on an earlier step. In 2021, FINMA authorized a fund that invests mainly in a basket of cryptocurrencies, but that product was limited to qualified investors. The new approval is the first to bring a fund holding bitcoin directly to Swiss retail buyers.
Related Listen: MSBT Is Cheapest But IBIT Likely Still Can’t Be Beat for This Reason
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.
Soud AIFC zakázal provozovatelům Coinbase, HTX a dalších nelicencovaných platforem poskytovat nebo nabízet uživatelům v AIFC digitální služby a zpřístupňovat mobilní aplikace pro neautorizované služby.
On October 20, 2026, the Astana Financial Services Authority disclosed injunctions against the operators of BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase and WEEX. The regulator’s announcement concerns a September 15 judgment, varied on September 18, restricting unlicensed digital asset services and mobile-app distribution within the Astana International Financial Centre.
AFSA’s publication record dates the announcement to October 20 at 09:44 UTC, a disclosure of injunctions issued the previous month. The underlying orders set out the platforms’ obligations and the territory they cover. They also specify the conditions under which Apple and Google become bound, limiting what AFSA’s account establishes about access restrictions.
The injunction stops at the AIFC boundary The varied order restrains the operators from providing, offering or marketing digital asset services on AIFC territory, or to users located there, without the required authorization. A separate provision covers distribution: the operators cannot make mobile applications available through any platform for unauthorized services in that territory or to those users. Both the services and the distribution of their apps fall under the restriction.
The injunction does not cover Kazakhstan nationwide. In the original judgment, the court explains why changes in national legislation required narrower relief. Amendments to the Law on Digital Assets took effect on May 1, 2026. They deleted Article 11 and introduced a detailed national regime through Article 12-1. The judgment reads that change as assigning the wider regulatory role to the National Bank.
AFSA’s authority over unlicensed activity inside the centre remains the basis for the restraints. The court gave AFSA permission to seek a variation if it could present a properly reasoned basis for broader terms. AFSA would have to make another application to pursue that relief. The permission itself does not extend the order’s territorial reach: its operative wording still identifies the AIFC and users located there.
LBank’s operator took a separate route out of the proceedings. AFSA says it independently blocked access to services in Kazakhstan, after which the court removed it from the order on September 18. The regulator describes that operator’s action as Kazakhstan-wide. The service and distribution clauses in the varied order impose a narrower geographic restriction on the operators that remain subject to the injunction.
Apple and Google are bound upon service The varied order directs that notice be served on Google and Apple. Upon service, they become bound by the judgment and order as though they had been parties to the claim. The operative wording makes service a condition of that obligation. AFSA’s announcement says it will send the orders to the app-store operators; it does not record that service has been completed.
The court declined to grant the separate app-store injunction AFSA sought. The platform operators had judgment entered against them by default. Apple and Google were not themselves parties in default. The judge questioned the legal basis for an independent injunction through that procedure and whether the court should grant one without first giving the companies an opportunity to make representations.
Instead, the judgment calls for dialogue between AFSA and the app-store operators about the specific steps needed to prevent unlawful activity. It leaves practical measures to that engagement in the first instance, while the order sets out how Apple and Google become bound. The disclosed documents do not show a completed app-removal operation under these orders.
Once bound, the app-store operators face a possible contempt finding if they knowingly permit the platforms to breach the injunction, the judgment says. It gives knowingly allowing distribution through their stores in breach of the restriction as an example. Apple and Google also have a separate right to ask the court to set aside or vary the judgment or order, provided they acknowledge service under the court rules.
Default judgment and the enforcement campaign The judgment records that the named operators failed to file an acknowledgment of service or a defence within the required time. The court entered a default judgment without their participation at trial. LBank’s later removal changed which operators remained subject to it. The revised order names the other platforms and retains the restrictions on their services and application distribution.
The varied order also makes the remaining operators jointly and severally liable for AFSA’s costs of KZT 1,995,479.95. The order identifies this as the claimant’s costs of the proceedings, a litigation-cost award separate from the operating restrictions. It does not allocate compensation to customers of the platforms or provide a mechanism for returning their assets.
AFSA says the litigation followed written warnings sent to more than 20 crypto platforms in 2025. Court proceedings began in early 2026 against platforms that continued operating without a licence. According to the announcement, nine platforms voluntarily restricted application access in Kazakhstan through Google Play and the Apple App Store. AFSA withdrew its claims against those platforms after they imposed the restrictions.
A further seven platforms expressed an intention to obtain an AFSA licence to operate digital asset trading facilities, according to the regulator. Those statements concern an intention to seek authorization, not an issued licence. AFSA reports them separately from the platforms that voluntarily restricted access and from the remaining named operators now subject to the injunctions.
The restraints cover customers’ access to unlicensed services and the apps distributing them within the AIFC. AFSA also warns that clients of unlicensed platforms lack the protections applicable to licensed firms for safeguarding assets, information disclosure, complaints handling and dispute resolution. Its announcement provides no completed-service date for Apple or Google and no confirmed implementation date for app-store restrictions under these orders.
XRP inflows to exchanges have hit seven-month highs as more than 6 billion tokens were deposited in the last 30 days.
Key points:
Rolling 30-day inflows to exchanges hit 6 billion XRP on Oct. 19, their highest value in seven months.The 90-day moving average of whale outflows fell to $49.7 million, its lowest levels in five years, as analysts see a lack of interest in the XRP/USDT pair.The realized profit/loss ratio has dropped 41% in October as rangebound trading conditions return.XRP whale interest absent as exchange inflows climb: AnalysisNew research from onchain analytics platform CryptoQuant reveals that on a rolling 30-day basis, XRP exchange inflows are at their highest since March.
In the 30 days to Oct. 19, inflows totaled 6.05 billion XRP and have doubled since mid-August. During this time, XRP/USD increased from around $1 to a maximum of $1.70 before correcting to the current levels around $1.30.
“The rise in total inflows to more than 6 billion XRP, reaching a seven-month high, signals a clear shift in asset movement toward exchanges. This could reflect increased trading activity and liquidity on these platforms, or a rise in the movement of XRP between wallets and exchanges,” CryptoQuant commented.
Further analysis covering exchange withdrawals from whales shows that XRP is “attracting less and less attention.” CryptoQuant suggests that large-volume investors may be waiting for more advantageous prices before increasing exposure.
The 90-day moving average of whale outflows hit a high of $3.5 billion in February 2025, shortly after XRP’s all-time high at $3.40. Since then, whale outflows are down 98.6% and the 90-day moving average currently stands at $49.7 million. This is its lowest value since October 2021.
“From a long-term perspective, this suggests XRP could lack buying volume without whale support,” CryptoQuant commented while acknowledging XRP’s “notable resilience” during the 2026 crypto bear market.
Bitcoin rangebound price action eases profit-takingOnchain data confirms that Bitcoin investors also stepped back in October as BTC/USD traded within a range between $80,000 and $87,000.
In its latest Market Pulse bulletin released on Monday, crypto analytics platform Glassnode reported reduced profit-taking across the Bitcoin investor base. The realized profit/loss ratio dropped from 0.8 to 0.4, a decrease of 50%, over the past week.
“This contrast demonstrates that profit realized activity cooled relative to loss realization onchain, highlighting a transition toward more subdued sentiment and diminished aggressive spending by market participants,” Glassnode summarized.
Bitcoin realized profit/loss ratio (screenshot). Source: Glassnode
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As XRP's official X account went live, Ripple President Monica Long shared a message celebrating the people who built around XRP before its broader potential became obvious.
Engaging with the XRP official account's post, Long wrote on X: "The best part has been watching people build on something before it was obvious. Welcome @xrp!" Long added, celebrating the latest social media milestone while highlighting the importance of early builders who continued developing around the digital asset before it attracted wider recognition.
The best part has been watching people build on something before it was obvious.
Welcome @xrp!
HOT Stories
— Monica Long (@MonicaLongSF) October 19, 2026
Long's comments pointed to the role developers, builders, and community members play in growing the XRP ecosystem. The cryptocurrency has 8,247,694 addresses, a sign of the ecosystem's growth, according to XRP Scan.
On October 19, 2026 in a historic milestone, XRP's official X account went live under the @XRP handle after more than a decade, drawing enthusiastic reactions from Ripple executives and the wider XRP community. This marks more than 14 years after the XRP Ledger was initially launched.
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In 2011, three engineers—David Schwartz, Jed McCaleb, and Arthur Britto—began developing the XRP Ledger (XRPL), which later launched for the first time in June 2012.
The official XRP account posted its first message on X on October 19, a short logo video with the words "hello, world. It's about time." The post passed 260,000 views in about an hour and has surpassed 4 million views in less than 24 hours.
"This one has been a long time coming," Ripple CEO Brad Garlinghouse said in reaction to the debut of the official XRP X account.
Warning issued amid XRP buzzIn an earlier post, Hussein Zangana (Vet) hinted at many great announcements lately from big companies and institutions around XRP and the XRP Ledger. "I think this will probably accelerate in the coming weeks," he added.
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In this regard, Vet urged the XRP community to be cautious of scammers using vanity addresses and tokens to sell to them in exchange for real XRP/RLUSD.
Users are urged to treat everything offered, or that they see on explorers, as suspicious by default. They can only know if an XRP account or asset is legitimate if the institution or company discloses it on their official press sites; in other words, they should verify all information from official sources.
XRP withdrawals below 10,000 tokens surged 6.6-fold on Binance, while reserves across three major exchanges increased by 120 million.
XRP withdrawal activity on Binance has changed quite a bit over the past few weeks. Between September 30 and October 20, withdrawals below 10,000 XRP grew from just 3% to 19.7% of total outflow value.
This figure represents a 6.6-fold increase and the highest level since October 2024.
A Shift in XRP Exchange Activity
At the other end, transfers above 1 million XRP lost ground. Their share of Binance outflows fell from 60% to 38.6%, according to CryptoQuant. Transfers between 100,000 and 1 million XRP moved in the opposite direction, as the figures rose from around 24% to 27%. Even with that shift, larger transfers still make up most of the activity.
Outflows above 100,000 units accounted for 65.7% of Binance’s total XRP outflow value. Coinbase also saw a sharp drop in its largest withdrawal category. The share of outflows involving more than 1 million units fell from 43% on September 30 to 12.5% on October 20, which is a 70.9% decline in relative terms.
But the change in withdrawal sizes is only part of the picture. XRP reserves have also been rising across three major exchanges. Between October 5 and October 20, Binance holdings increased from 2.60 billion to 2.66 billion. Upbit reserves climbed from 6.41 billion to 6.45 billion, while Bithumb went from 1.82 billion to 1.84 billion XRP.
The three exchanges added 120 million XRP, bringing their combined reserves to 10.95 billion tokens from 10.83 billion. Binance accounted for half of the increase.
“Together, the figures highlight a shift in the relative shares of smaller versus larger XRP withdrawals, alongside a renewed increase in exchange reserves. October 20 readings remain subject to final daily confirmation.”
Analysts Hold On to Bullish Bets
XRP has lost more than 5% in the last seven days amid broader market turbulence. Spot ETFs providing exposure to the crypto asset are also feeling the heat. The funds recorded zero net flows on Monday after ending the previous week with $1.84 million in withdrawals.
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Important Ripple News and XRP Price Update: October 15
Not everyone has given up on XRP. Vincent Van Code is seeing the market turbulence differently. He believes the past week’s sell-offs were part of a wider crypto shakeout that pushed weaker investors out. According to him, long positions were wiped out, short sellers jumped in, and those bets were then liquidated too. He expects fresh all-time highs across the market in the coming weeks, followed by a slower, steadier bull run.
Another analyst, EGRAG CRYPTO, is also sticking to his bullish outlook and said that the token could reach $7 to $9 at the cycle top, well above its 2025 peak of $3.65.
XRP whale outflows on Binance have fallen to their lowest levels since October 2021, showing that large holders have become much less active.
XRP Whale Outflows Reach 5-Year Low Notably, the 90-day moving average (90-dma) of XRP whale outflows now stands at $49.7 million, far below the levels recorded during the previous market rally.
In February 2025, when XRP traded near its cycle peak of around $3.30, the same metric reached $3.5 billion. Daily outflow spikes also regularly exceeded $10 billion, as large investors moved significant amounts of XRP away from Binance.
These withdrawals confirmed that XRP witnessed strong accumulation as whales transferred their tokens to private wallets. Since February 2025, however, whale outflows have declined steadily.
XRP whale outflows on Binance drop to levels last seen in 2021 The 90-day moving average has dropped from $3.5 billion to $49.7 million, returning to levels last seen in October 2021. This period coincided with the peak of the previous Bitcoin market cycle, when institutional interest began to weaken, and large investors pulled back from aggressive market positions.
This comparison raises questions about XRP’s current position in the market. Although past trends do not guarantee similar outcomes, the latest reading shows that large holders are far less active than they were during the previous rally.
Why Lower XRP Whale Outflows Matter for Price Action Whale outflows from exchanges such as Binance often indicate accumulation. Large holders withdraw their tokens into private wallets, reducing the amount of XRP available for immediate sale on exchanges.
When these withdrawals fall considerably, it may mean whales have slowed their buying activity and are waiting for better prices before committing more money.
XRP’s relative strength during the current bear market may help explain this change. During the previous downturns in 2022 and 2023, sharp price drops created deeper discounts that attracted large investors looking to build substantial positions.
This cycle has not offered the same opportunity, as XRP has held up better than several other cryptocurrencies. The resilience may have made it harder for whales to find a price that justifies large purchases.
Instead of accumulating XRP aggressively at current levels, large investors may be waiting for lower prices or better signs that the market is recovering.
The decline in whale outflows does not prove that large holders have stopped buying altogether. However, the drop in the 90-day average from $3.5 billion in February 2025 to $49.7 million in October 2026 shows how much their withdrawal activity has slowed.
XRP Price Decline Adds to Selling Pressure Currently, XRP trades at around $1.30, down approximately 61% from its cycle peak. The token has also fallen about 4.81% over the past seven days amid continued pressure on its price.
The lack of strong buying from whales could make a sustained recovery more difficult. Without greater demand from large investors, XRP may struggle to overcome selling pressure and maintain an upward move.
Meanwhile, on-chain data shows another challenge, confirming that approximately 60% of the circulating XRP supply has a realized price of around $1.48.
This means a large portion of circulating XRP last changed hands at prices above the current market level. If the price climbs toward $1.48, some holders may sell to recover their initial investment. This could create additional resistance.
Could Low Whale Outflows Signal a Market Turnaround? Despite the current weakness, history shows there’s room for a possible recovery. Markets sometimes turn around after trading activity and investor interest fall to very low levels. As selling pressure eases, new buyers can begin to influence prices even before market sentiment improves.
For XRP, the question is whether the sharp decline in whale outflows indicates a prolonged wait for better prices or the later stages of the current market downturn. A decisive push above $1.65 alongside stronger buying activity could improve the bullish outlook. On the other hand, a break below $1.27 could expose XRP to further losses.
NCA vedená právníkem společnosti Ripple Stuartem Alderotym navrhla americkému ministerstvu financí zavést ochrannou lhůtu pro držitele stablecoinů po ztrátě licence emitenta, aby je mohli odkoupit či převést.
The National Cryptocurrency Association (NCA) has submitted a formal comment letter to the U.S. Treasury regarding Section 3 rules of the GENIUS Act, marking a significant step in clarifying stablecoin regulation.
Industry’s framework for stablecoin regulationStuart Alderoty, NCA President and Chief Legal Officer at Ripple, signed the document, confirming industry support for a one-hundred-percent reserve requirement for stablecoins. However, he emphasized the need for a practical approach to shield retail users from potential risks associated with regulatory changes.
Alderoty addressed the need to protect Americans from being “stranded holding stablecoins if regulations change.” The NCA proposes a safe-harbor mechanism: a designated period following any issuer’s license revocation or missed compliance deadline—such as the July 18, 2028 date—allowing users to redeem, sell, or convert their stablecoins without incurring losses. This measure aims to provide exchanges with the ability to assist users technically without facing accusations of unlawful trading during this window.
Retail holders must have a temporary window to redeem or convert their stablecoins if an issuer’s license lapses, ensuring they are not left vulnerable during regulatory transitions.
The comment letter also emphasizes the importance of clear legal pathways for recovering stolen assets. The NCA advocates permitting the reissuance of payment stablecoins, under a lawful court order, to replace those lost through theft or accidental transfers. This action would fall under the “except as required by a lawful order” clause, according to the association.
Mini dictionary: National Cryptocurrency Association (NCA), a U.S.-based industry group representing crypto sector interests in regulatory matters.
New boundaries for wallets and self-custodyThe NCA further outlined boundaries distinguishing custodial professionals from software developers. Under its proposal, providers of non-custodial wallets and simple balance-display interfaces that do not control private keys should not be classified as intermediaries or sellers by regulatory bodies.
Any transactions conducted directly between individual users or within their personal wallets should remain outside agency restrictions, maintaining the right to self-custody and peer-to-peer transfers.
Service TypeNCA Proposed ClassificationRegulatory ImpactCustodial wallet providersIntermediary/SellerSubject to agency rulesNon-custodial wallet softwareDeveloper/Interface onlyOutside agency restrictionsThe association recommends that direct peer-to-peer (P2P) transfers, internal account moves, and activity restricted to self-managed wallets be protected from federal intervention, preserving users’ fundamental rights in cryptocurrency management.
Implications for the retail marketBy submitting these recommendations, the NCA seeks to shift industry-regulator dialogue toward pragmatic solutions and clear separation of technological responsibilities. The association’s approach aims to define technology’s role while balancing regulatory objectives with market stability.
Market observers note that with this filing, industry leaders have effectively placed the onus for ensuring retail market stability on the Treasury Department. The agency will now determine the final strictness of stablecoin regulations in the coming months.
Bybit spustil 4. fázi programu RLUSD Hold & Earn s odměnami až 3,75 % APR v RLUSD a fondem ve výši 1,3 milionu XRP; pár RLUSD/USDT zůstává bez poplatků.
, /PRNewswire/ -- Bybit, the New Financial Platform trusted by more than 80 million users worldwide, is pleased to announce Phase 4 of its exclusive RLUSD Hold & Earn program, continuing its dual-token rewards extravaganza powered by Ripple on Bybit, boasting 1.3 million XRP in prizes in the latest round.
Bybit Renews RLUSD Hold & Earn Phase 4 with 1.3 Million XRP Rewards and Zero Fee From now until Nov 18, 2026, eligible Bybit users can hold RLUSD in their accounts and earn daily rewards in both RLUSD and XRP. Optimizing returns and convenience, no staking, lock-up, or subscription is required. The RLUSD/USDT pair on Bybit Spot also continues to offer 0% maker and taker fees throughout the phase.
Highlights - Phase 4
Dual Rewards: Participants earn RLUSD at a base APR of up to 3.75%, alongside XRP bonus rewards drawn from a 1.3M XRP prize pool, powered by Ripple. The XRP bonus is subject to a holding-duration multiplier of up to 2x for participants who continuously hold RLUSD for 90 days or more. Competitive APR: The total actual APR combines RLUSD Base APR, bonus APR from a 1.3 million XRP Prize Pool, plus XRP Base APR multiplier, offering up to 2x for 90+ days continuous holding. Zero-Fee Spot Trading: The RLUSD/USDT spot pair continues to waive both maker and taker fees. Same Simplicity: Qualified participants holding a minimum of 1 RLUSD in their Bybit account stand to earn rewards automatically. Rewards are distributed daily. RLUSD is a USD-pegged stablecoin issued by Ripple, fully collateralized by U.S. Treasury bills, USD deposits, and other cash equivalents, maintaining a stable 1:1 peg to the U.S. dollar. XRP is the native token of the XRP Ledger, co-founded by Ripple, designed for fast, low-cost cross-border payments.
Terms and conditions apply. Actual fee rates may vary by region, and users are advised to refer to the My Fee Rate page for accurate rates. For full details on the APR, multiplier, eligibility, and potential restrictions, users may visit: RLUSD Hold & Earn Phase 4 - Up to 3.75% APR on RLUSD and 1.3M XRP rewards
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A newly activated XRP wallet has received more than 82 million tokens in a single transaction, adding to the large transfers recorded on the XRP Ledger.
On-chain data shows that the wallet received 82,314,668 XRP worth more than $106 million. However, the identity of the wallet owner remains unknown, which leaves open the possibility that the funds could belong to a private investor, a large institution, or an exchange.
New XRP Wallet Receives $106 Million
On-chain records show that the XRP wallet r3p…ybc received exactly 82,314,668 XRP at 00:30 on October 20, 2026, worth more than $106 million at the time of reporting. The transfer activated the wallet, which has recorded no other transactions since receiving the funds.
XRP wallet gulps over 83 million tokens at once
Nearly 12 hours after the transfer, the wallet still held all 82.3 million XRP, with no recorded outflows. This means the tokens had not moved from the newly activated address during that period.
However, the available records do not reveal who controls the wallet and whether it belongs to an individual investor or a large institution.
The address that sent the funds, rN1…8uo, also holds a large amount of XRP. Despite transferring 82.3 million tokens to the new wallet, it retains approximately 142.7 million XRP worth $184 million at press time.
The transfer also marked the wallet’s first recorded outgoing payment since May 20, 2026. On that date, rN1…8uo sent 73 million XRP to another existing address, rpx…ZY1.
XRP Wallet Transfer History Reveals a Long-Standing Connection
Interestingly, the transaction history shows that rN1…8uo has consistently received its XRP from rpx…ZY1. This helps establish how the funds reached the newly activated wallet, although it does not reveal who owns the addresses.
Records show that rpx…ZY1 activated rN1…8uo in November 2025, sending it 10 XRP to open the account. Ten days later, the same address transferred 73 million XRP to the newly activated wallet. It followed that transfer with another 59.6 million XRP on Dec. 4, 2025, and then sent 73.9 million XRP on Dec. 12, 2025.
The pattern continued into 2026, with most transfers involving around 73 million XRP each. The latest transaction followed the same pattern of whale movements, as rN1…8uo sent the 82.3 million XRP to r3p…ybc from its existing balance.
These repeated transfers show that large XRP balances have moved between the connected wallets over several months.
Binance Connection
Tracing the transactions has not revealed the identity of the person or institution behind the wallets. However, the trail points toward Binance, as the address rpx…ZY1 was activated by a wallet linked to the exchange.
This connection leaves two possible explanations. An individual XRP whale may be using Binance to manage the funds, or Binance itself may have carried out the transfers. If the exchange controls the wallets, the movement could be part of an internal fund-rebalancing exercise, not a purchase by an outside investor.
Neither explanation has been confirmed. A wallet’s connection to an exchange does not necessarily mean the exchange owns the funds. Similarly, moving XRP between addresses does not automatically indicate buying or selling.
Latest Transfer Follows Earlier Large XRP Movements
The transaction also fits a trend discussed in an earlier report, which highlighted large XRP transfers that moved tokens away from exchanges.
Specifically, on Sept. 11, transactions involving at least 1 million XRP moved tokens worth approximately $165 million. This was the highest intraday total recorded since late February 2026. The latest transfer adds to the record of large XRP movements.
Upgrade sítě Ethereum Glamsterdam se 26. října aktivuje na testnetu Hoodi s gas limitem 200 milionů; vývojáři zatím nestanovili datum spuštění na mainnetu.
Glamsterdam is scheduled to go live on the Hoodi testnet next week. Hoodi will run the same raised gas limit already tested on Sepolia. Ethereum developers have not yet set a mainnet date. ETH is sitting on support formed by its 200-day average and a Fibonacci level. Ethereum’s Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42:48 UTC, the Ethereum Foundation confirmed in its October 16 Hoodi announcement, and Hoodi’s block gas limit will climb to 200 million at the same epoch. The date lands while ETH trades near $2,381, roughly 15% under its late-September peak and parked on a support band around $2,310 that has caught every dip for a week. Hoodi exists mostly for validator and staking operations, which means mainnet users see no change yet, though a clean fork there is the last public step before developers commit to a mainnet slot.
Hoodi Gets 200M Gas Before Mainnet Does Activation is set for epoch 132,352, slot 4,235,264, twenty days after Glamsterdam went live on Sepolia, whose first public testnet activation already ran the same 200 million gas limit. Every Hoodi operator has to upgrade both execution and consensus clients before the deadline. The Foundation’s release table still showed blanks for some execution clients when the post went live, with go-ethereum, Ethereum’s most widely used execution client, among those still waiting for a confirmed build.
Glamsterdam Rollout
Aug 20, 2026
Platåberget Early testing
Oct 6, 2026
Sepolia Activated
Oct 26, 2026 · 17:42 UTC
Hoodi + 200M gas Scheduled
Date not set
Ethereum mainnet Pending
Source: Ethereum Foundation
Bigger Blocks, Same 12 Seconds A higher gas limit lets each block carry more computation, yet every node still has to execute and verify that work inside one twelve-second slot, and pushing more into that window without other changes raises hardware costs until smaller validators drop out. Glamsterdam tackles the problem from the way blocks are built, the way they are checked and the price of the operations inside them.
EIP-7732 moves proposer-builder separation into the consensus rules. Most validators currently hand block construction to specialised builders through relay software that Ethereum’s protocol does not govern. Under the new model a builder commits to a payload, the proposer signs the block around that commitment and the protocol itself checks whether the payload showed up on time, which buys validators extra time to process heavier blocks. The concentration of block building among a few sophisticated firms survives the change, and developers still list it as a risk to watch.
EIP-7928 adds a block-level access list, a record of every account and storage slot a block’s transactions touch together with the resulting changes. Clients today only find that out by running transactions one after another. A node holding the list can pull state from disk in parallel and rebuild the state root with much less sequential work, so a larger block does not have to become a slower one.
Pricing is handled by EIP-8037 and EIP-8038, which reset the gas charged for creating and reading state such as balances, contract storage and deployed code, and several of those operations get more expensive. In its May 2026 protocol update the Foundation tied the 200 million figure to these three changes working together, calling it a credible post-upgrade floor against roughly 60 million on mainnet today. That gas budget is about 3.3 times larger, although transaction counts will not scale by the same factor, because Glamsterdam also rewrites how intrinsic gas is counted and real blocks mix cheap transfers with heavy DeFi calls.
The Contracts That Hardcoded Gas Foundation researchers replayed historical mainnet transactions under the new schedule for an August 24 repricing report and found that the vast majority behaved exactly as before. The small group that diverged ran from transactions that merely burned a different amount of gas to a handful of contracts that kept failing even with a much higher limit. Contracts that fix gas allowances in their code or assume how much gas is left mid-execution carry the most exposure, and developers can check individual addresses with the repricing impact checker before mainnet. The report flags no direct threat to user funds, yet it is the main reason Hoodi carries more weight than the gas headline suggests.
$2,310 Is Where Two Supports Meet On the daily chart, the pullback from the $2,809 high has carried ETH into the area where the 200-day EMA at $2,314 almost overlaps with the 0.382 Fibonacci retracement of the June to September rally at $2,311. Traders tend to treat that kind of overlap as a serious line, because the 200-day EMA tracks the long-term trend and the 0.382 level marks the depth where corrections inside an uptrend usually attract buyers.
ETH/USDT daily chart by Alexander Stefanov on TradingView Several daily candles over the past week dipped toward $2,320 and left long lower wicks before closing higher, showing bids parked inside the zone. Volume backs that up, since the heaviest selling came with the early October break below $2,600 and the daily bars have since shrunk to some of their lightest readings in two months, with the October 20 session at about 71,000 ETH by midday. When a decline loses volume on its way into major support, it usually means sellers are running out of urgency rather than starting a fresh wave of distribution.
Momentum has yet to confirm a turn, with the 14-day RSI at 35.7, below its signal line at 39.5 and still sloping down, which leaves room for one more push toward the 30 area where ETH bottomed in June. The golden cross from late August holds, with the 50-day EMA about $165 above the 200-day, but the 50-day at $2,479 has started to roll over just under the 0.236 retracement at $2,502, making the $2,480 to $2,500 band the first ceiling any recovery must clear.
ETH Price Map · daily
$2,809
September high
+18.0%
$2,502
EMA 50 + Fib 0.236
+5.1%
$2,381
Current price
NOW
$2,311
EMA 200 + Fib 0.382
-2.9%
$2,157
Fib 0.5
-9.4%
$1,784
Fib 0.786
-25.1%
Distance from the current price
A daily close back above $2,500 would put ETH back into the range it held for most of September and reopen the way toward $2,600 and the $2,809 high. Losing $2,310 on a closing basis would break both supports in one move and expose the 0.5 retracement at $2,157, with the August breakout base near $1,900 underneath and the 0.786 level at $1,784 as the deeper target if selling picks up speed.
The Burn Rate Is the Real Test A smooth fork on Hoodi would hand client teams the evidence they need to propose a mainnet slot on the All Core Developers calls, where the date gets fixed, while a rough one would stretch a schedule that has already slid from an original June target into the fourth quarter. For ETH holders the harder question arrives after mainnet. More capacity tends to lower the fee per transaction, and with it the amount of ETH burned, unless activity grows fast enough to fill the bigger blocks. Much of Ethereum’s usage already lives on layer-2 networks that have no built-in reason to move back to a cheaper base layer, so gas utilization, fee revenue and the burn rate in the weeks after activation will show whether the extra room gets used.
Early December has come up in developer planning discussions as a possible mainnet window, though the Foundation has not confirmed any date and the Hoodi results will weigh on that decision. Planning for Hegotà, the upgrade lined up to follow Glamsterdam, is already running in parallel according to the same May protocol update.
Wall Street’s Deposits Land on Layer 1 In separate news, JPMorgan said on October 19 that it is bringing JPM Coin to the Ethereum mainnet, extending its dollar deposit token beyond Base, where it has been available to institutional clients since November 2025. JPMD is a claim on money held at the bank rather than a reserve-backed stablecoin, so it can carry interest, and only approved institutional wallets can hold or transfer it. The move puts bank cash on the same chain as JPMorgan’s tokenized money market funds, including JLTXX, which went live on Ethereum in May with $100 million committed at launch. The bank has not disclosed how much JPMD it expects to issue on mainnet, and the near-term effect on ETH demand may stay small, since a large institutional settlement consumes the same gas as a modest transfer.
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.
Deutsche Bank plánuje během několika týdnů spustit v Německu úschovu kryptoměn pro institucionální klienty, zpočátku včetně bitcoinu, etherea, USDC, EURC a EURAU.
Deutsche Bank is preparing to launch its crypto custody service in Germany within weeks, while planning to expand into the Asian market in 2027.
Deutsche Bank, one of Germany’s largest banks, is expanding its digital asset strategy and preparing to offer cryptocurrency custody services in both Europe and Asia. According to the co-head of the bank’s corporate banking division, the service is planned to launch in Germany within a few weeks and in Asia in 2027.
Deutsche Bank is expected to initially support Bitcoin, Ethereum, USDC, EURC, and the euro-pegged EURAU stablecoin. Institutional clients will not have to manage their own wallets or private key infrastructure to hold and transfer their assets. Wallet technology and key security will be provided by the bank.
The bank doesn’t intend to limit itself to just cryptocurrency custody services. Plans include stablecoin conversions, tokenized deposits, and services to help companies issue digital bonds or other blockchain-based securities.
Deutsche Bank received the necessary authorization from Germany’s financial regulator BaFin on October 12th under the European Union’s MiCA rules. However, the final launch of the product in Germany depends on the completion of regulatory processes. Which countries or financial centers will be prioritized in the Asian expansion has not yet been announced.
The bank had previously worked with Bitpanda and Taurus on crypto custody infrastructure. The new service is seen as part of Deutsche Bank’s goal to grow its corporate banking revenue by approximately 8 percent compound annual between 2025 and 2028.
The announcement doesn’t mean the Asian service is launching today. While the German launch is a short-term goal, the Asian expansion is planned for 2027. Also, the service will initially be geared more towards companies and institutional clients than individual investors.
*This is not investment advice.
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Ethereum risks slipping toward $2,300 as significant capital continues to exit US spot ETH exchange-traded funds ahead of the Federal Reserve’s upcoming policy announcement. Even as Bitcoin ETFs see renewed investor demand, Ethereum funds experienced another week of net withdrawals, highlighting a notable divergence in institutional sentiment toward the two major cryptocurrencies.
Ethereum ETF outflows accelerate, Bitcoin attracts inflowsBased on recent figures from Farside Investors, Ethereum funds recorded $103.3 million in net outflows on October 19, led by $95.4 million withdrawn from BlackRock’s ETHA product. This marks the fourth consecutive session of negative flows for Ethereum ETFs, with cumulative redemptions totaling roughly $362.8 million from October 14 to 19.
Over the prior week, ETH funds also saw $320.1 million in outflows between October 12 and 16. Additional withdrawals from Fidelity’s FETH and Grayscale’s ETHE, at $6 million and $1.9 million respectively, contributed to the total losses.
While ETH funds saw mounting redemptions, Bitcoin ETFs benefited from robust inflows during the same period, collecting $526.7 million on October 19 alone. This resulted in a striking divergence of over $630 million between the two asset classes, as institutional investors continued to favor Bitcoin amid shifting market conditions.
The latest selloff previously pushed Ethereum below the key $2,500 level. Rising US bond yields and widespread liquidations have also weighed on crypto valuations, constraining ETH’s recent price recovery.
Ethereum ETFs have registered back-to-back outflows, whereas Bitcoin products have attracted renewed inflows, underlining a clear shift in institutional preference.
Bitmine accumulates more ETH, approaching 5% supply markDespite the negative trend in Ethereum ETFs, Bitmine Immersion Technologies has intensified its accumulation. In an update filed with the SEC on October 19, the company confirmed acquiring an additional 12,535 ETH, taking its total holdings to 6,041,481 tokens. Bitmine now controls about 4.9% of Ethereum’s circulating supply, with most of its tokens already staked.
However, the value of Bitmine’s assets dropped from $16.2 billion to $15.1 billion in a single week as overall market prices declined, underscoring how falling valuations can offset the impact of ongoing purchases. The company has signaled that its 5% supply target is near, which could affect the pace of future accumulation, though it has not specified when buying might pause.
Bitmine’s rapid accumulation has made it the largest publicly traded ETH treasury holder, but its progress toward a 5% supply share adds uncertainty about whether this buying trend will continue.
Technical outlook and trader strategies amid Fed uncertaintyFor traders monitoring ETH’s short-term direction, the $2,350–$2,370 range remains a critical technical zone. A solid move below this level could open the door to further downside, potentially bringing $2,300 into focus if ETF outflows persist and financial conditions tighten as the Federal Reserve prepares for its October 28 decision.
If Ethereum can recover and close above $2,500, analysts identify $2,600 as a likely next resistance, with $2,700 possible if positive momentum returns. However, these are conditional scenarios, not guaranteed targets, given the ongoing macroeconomic pressures.
Volatility in the broader market continues to be shaped by central bank policies, persistent inflation risk, and high Treasury yields, which complicate efforts by ETH to mount a sustainable recovery.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, switching between apps for charts, news, and portfolio management leaves traders at a disadvantage. As a result, more investors are consolidating their tools. Smart traders now turn to privacy-first solutions like CryptoAppsy to get live charts, tailored price alerts, news for specific coins, and crucial macro data combined on one screen—without even needing an account.
Charles Hoskinson společně s Lucasem Rosou vyvíjí pro Cardano nový programovací jazyk, který kombinuje transakční záměry, data s kryptografickými důkazy a důkazy Groth16. Projekt zatím nemá název, veřejně dostupný kód ani termín spuštění.
Charles Hoskinson personally develops a new programming language for Cardano with Lucas Rosa, one of the creators of Aiken. The project aims to combine transaction intents, proof-carrying data, and Groth16 proofs. For this new crypto building block, no name, public code, or launch schedule has yet been announced.
In brief
Hoskinson works with Lucas Rosa on a new language for Cardano.
The project will combine transaction intents, proof-carrying data, and Groth16.
No name or release date has been announced yet.
Hoskinson personally takes the keyboard on Cardano
Charles Hoskinson does not just oversee the project. He states that he is directly involved in the development of the language. The announcement comes as Cardano is already accelerating its technical work. A few days earlier, Hoskinson explained that the Leios upgrade was to complete much of the network’s architecture, including higher throughput and new scaling capabilities.
This time, the work concerns more the crypto applications built on top of Cardano. Hoskinson works with Lucas Rosa, co-creator of Aiken, one of the main languages used to develop validators on the network. He describes their project as the first of its kind to bring together intents, proof-carrying data, and Groth16 proofs.
The language, however, still has no public name. No code repository has been presented either. Hoskinson has not indicated a testnet, release date, or first application using this technology. The project remains at an early stage.
Crypto transactions described by their result
The concept of “intent” changes the way to request an operation from a blockchain application. Today, a transaction may require several precise steps. With a system based on intents, the user mainly indicates the result they want to obtain.
A trader could, for example, request: exchange one token for another only if the final price respects a given limit. They would not necessarily have to define all the intermediate steps themselves.
Proof-carrying data adds another layer. Information can travel with a cryptographic proof certifying that a calculation or series of rules was indeed respected. The application receiving the result then verifies the proof instead of reproducing the entire calculation.
Groth16 is intended to serve this verification. This cryptographic proof system produces compact and fast-to-check proofs. Cardano is already strengthening its cryptographic toolbox. In May, the network had tested five new Plutus primitives, notably to improve performance and possibilities offered to developers.
The new language could go further by directly integrating several of these logics into the way applications are built. For now, Hoskinson has not explained how this technology will integrate with Cardano’s existing architecture.
Cardano already has multiple languages
The new project does not arrive on empty ground. Cardano has been using Plutus for several years, its historic environment for smart contracts. Aiken is a more recent alternative, with syntax and tools designed to simplify developers’ work.
Contracts written in several Cardano languages usually end up compiled to UPLC, the format executed by nodes during validation. Hoskinson has not yet indicated if his new language will follow exactly the same path.
He also has not explained whether he aims to replace Aiken or Plutus. Nothing in his announcement allows us to say so at this time. The ecosystem also has Compact, used on Midnight. This privacy-focused blockchain already occupies an important place in Hoskinson’s strategy, notably thanks to zero-knowledge proofs and applications handling private data.
The new language therefore shares some ideas with technologies already present in Cardano’s crypto ecosystem, while adding a strong orientation towards intents and proofs attached to data. Hoskinson promises a “first of its kind” approach. Now we wait to see the code.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Tether Invests in Tenstorrent to Expand Access to Open AI Computing Infrastructure
Investment supports Tether’s ambition to make AI more accessible by giving developers and businesses greater control over the technology powering it 20 October, 2026 – Tether Capital today announced its participation in the $1.5 billion Series E funding round of Tenstorrent, an AI computing company developing high-performance processors, systems and software. The round values Tenstorrent at $6.2 billion and advances Tether’s efforts to support open AI infrastructure, giving more people and businesses the ability to develop and run AI systems independently.
As artificial intelligence becomes more widely used, access to the computing power needed to run it remains concentrated among a small number of technology companies. Developers and businesses often depend on expensive, proprietary hardware and cloud services, limiting their ability to choose how and where their AI systems operate.
Tenstorrent is building an alternative. Led by chip architect Jim Keller, the company develops AI processors, servers, and software designed to give customers more control over their computing infrastructure. Its open-source software allows developers to run advanced AI models locally, while its hardware ranges from individual workstations to large-scale server systems. Tenstorrent also licenses its chip designs to companies developing their own processors, helping expand the options available beyond established hardware providers.
“AI should be something people can build, run and control themselves, without having to rely on a handful of companies for the computing power behind it,” said Paolo Ardoino, CEO of Tether. “The team at Tenstorrent are developing technology that gives businesses and developers more freedom to choose how they build and deploy AI. We believe open computing infrastructure will be essential to making AI accessible to more people, and we’re excited to support Tenstorrent as it brings that technology to a wider market.”
Tenstorrent will use the new funding to expand production and deployment of its Galaxy server systems, advance its AI and CPU technology, and grow its commercial operations globally. The round saw participation from Tether Capital and other new and existing investors*. Its technology already serves customers developing their own chips, including Samsung and LG, and supports applications ranging from large language models to video generation.
The investment builds on Tether’s broader work to make advanced intelligence more accessible. Through QVAC, its open-source AI platform, Tether is developing technology that allows AI to run directly on users’ devices, reducing dependence on centralized cloud services and giving individuals greater control over their data and computing resources.
The investment builds on Tether’s broader efforts across AI software, robotics and payments. Its QVAC platform is designed to run AI directly on users’ devices. Supporting Tenstorrent extends that focus to the processors and computing systems underpinning AI.
About Tether Capital
Tether Capital is the independent investment arm of Tether, the largest company in the digital assets industry. Based in El Salvador, the company deploys capital from Tether’s profits and excess reserves across a wide range of sectors where technology, infrastructure, and real-world utility intersect.
Its portfolio includes investments in artificial intelligence, financial services, energy, biotechnology, education, and digital media, as well as strategic stakes in industries such as commodities, remittances, and sports and entertainment. Tether Capital supports ventures with long-term potential to improve access, efficiency, and resilience in both emerging and developed markets. Its work supports Tether Group’s broader mission to strengthen decentralized systems, promote infrastructure resilience, and expand real-world access to open, transparent technologies.
BitFlyer kvůli omezenému přístupu k oficiálnímu API sítě Stellar nepřipisuje příchozí vklady XLM na účty klientů. Problém neovlivňuje odesílání XLM ani jiné kryptoměny.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Japanese cryptocurrency exchange BitFlyer has issued a notice regarding Stellar (XLM) deposits after incoming transactions were not credited to client accounts in the usual manner, attributing the issue to access restrictions on the official Stellar API.
The issue started at around 11:49 p.m. Japan Standard Time on Monday, October 19, 2026, BitFlyer said in an X post. The exchange said it uses the official API of the Stellar Development Foundation to process inbound XLM payments, but the access limitations have affected its normal crediting process.
"Since approximately 11:49 pm (JST) on Monday, October 19, 2026, Stellar Lumens (XLM) received from external sources has not been credited to BitFlyer accounts as usual. This is due to access restrictions on the official Stellar API (Stellar Development Foundation), which BitFlyer uses," BitFlyer wrote.
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2026 年 10 月 19 日（月）午後 11 時 49 分頃から、XLM の公式 API（ Stellar Development Foundation ）へのアクセス制限の影響により、ステラルーメン（ XLM ）の受取が正常に反映されない事象が発生しております。
現在、代替手段による受取反映の再開に向けた対応を進めております。
なお、ステラルーメン（ XLM ）の送付およびその他の暗号資産の受取・送付には影響ございません。
お客様にはご不便とご迷惑をおかけしておりますことを心よりお詫び申し上げます。
ステラルーメン（ XLM ）の受取反映が復旧・再開しましたら、改めてご案内いたします。
Since approximately 11:49 pm (JST) on Monday, October 19, 2026, Stellar Lumens (XLM) received from external sources have not been credited to bitFlyer accounts as usual. This is due to access restrictions on the official Stellar API (Stellar Development Foundation), which bitFlyer uses.
We are currently working to resume crediting through alternative means.
Sending Stellar Lumens (XLM), as well as receiving and sending all other crypto assets, is not affected.
We sincerely apologize for the inconvenience this has caused.
We will provide a further update once the crediting of incoming XLM transfers has resumed.
— bitFlyer status (@bitFlyer_status) October 20, 2026
BitFlyer said it is working to resume crediting through alternative means. However, it did not provide a specific timeline for when incoming XLM deposits would resume being credited. At press time, no further update had been provided.
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Despite the disruption, BitFlyer clarified that the issue does not affect the sending of Stellar (XLM) or the receiving and sending of other supported crypto assets.
According to the notice, the problem concerns the crediting of incoming transfers (deposits) to BitFlyer accounts, as customers sending XLM to the exchange may encounter delays, rather than a general suspension of Stellar transactions.
Stellar sees Q3 growthStellar recently shared its Q3 2026 report, where it reported growth across various sectors. Stellar total volume grew 71% as banks, stablecoin issuers and fund managers went live on the network.
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In Q3 2026, several partnerships moved into pilots and production as total volume grew over the same period, and work began on uses for tokenized assets beyond holding. Total volume on Stellar reached $33.2 billion in Q3, up 71% against Q2 and 62% against the same quarter last year.
Stablecoin transfer volume grew faster still, up 121% quarter over quarter to $25.1 billion, and stablecoin velocity rose 55% before the transferred tokens appeared in their account balances.
Tokenized real-world assets on Stellar stood at $4.1 billion at the close of Q3, up 36% against Q2 and 548% against Q3 2025.
OpenZeppelin integroval protokoly Chainlink CCIP a ACE do svých nástrojů pro vývojáře a přidal tak meziřetězcové funkce a funkce pro dodržování předpisů pro tokeny ERC-20 a ERC-3643.
OpenZeppelin has embedded Chainlink's CCIP and ACE into its developer tooling, adding cross-chain and compliance features for ERC-20 and ERC-3643 tokens.
@Chainlink and @OpenZeppelin have formed a partnership that brings Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Automated Compliance Engine (ACE) into OpenZeppelin's developer library. The move ties Chainlink's $LINK-powered oracle and cross-chain infrastructure to software already widely used by token issuers.
What the integration coversAccording to OpenZeppelin's announcement, CCIP and ACE are now native across its Wizards, AI tooling, Skills and documentation. UI Builder support is due in a future release.
The integration makes CCIP and ACE the default solution for ERC-20, ERC-3643 and future token standards built with OpenZeppelin's tooling. Compliance policies can be updated without redeploying the core token contract, the company said.
OpenZeppelin framed the deal around scale. The firm says its development standard sits behind $38T in value transferred, covering 9 of the top 10 stablecoins. Chainlink's oracle and cross-chain messaging protocols have processed more than $36T in transaction volume. Those figures are company-reported and have not been independently audited.
The two companies have also set out a migration path from OpenZeppelin Defender to the Chainlink Runtime Environment (CRE). OpenZeppelin says CRE will power upcoming production-grade institutional solutions and act as the orchestration layer for more complex financial workflows.
Why compliance tooling matters for issuersThe compliance features are aimed at issuers of both standard and permissioned tokens. Using existing smart contracts, issuers can run sanctions screening, KYC validation and minting controls, with identity and compliance logic built into the token design.
ACE launched in June 2025. Chainlink's launch release described it as a modular, privacy-preserving framework that links existing identity systems with onchain infrastructure and supports both onchain and offchain policy enforcement. It was developed with Apex Group, GLEIF and the ERC-3643 Association.
ERC-3643 is a permissioned token standard that builds compliance and controls into the asset itself, according to Chainlink's overview of ACE. Embedding ACE at the tooling level means developers can adopt those controls without assembling separate compliance infrastructure.
OpenZeppelin also points to institutional demand. It says its smart contract tooling is used by major institutions including BlackRock, WisdomTree and Franklin Templeton. Whether the integration translates into wider production use of CCIP and ACE will depend on issuer uptake over the coming months.
According to official announcements, Ondo Perps has launched the OpenAI Private Market Note (ticker: OPAIPon), a tokenized financial exposure instrument tied to OpenAI. The note is now available for 24/7 trading on Ondo Perps’ permissionless spot order book, with the trading pair OPAIPon/USDC. OPAIPon falls under Ondo Private Markets, a product line designed to provide accredited investors with economic exposure to leading private companies via tokenized notes. Users can participate in transactions without waiting for the companies to go public, and may self-custody the tokens in personal wallets.
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Strive's new preferred stock, SATS, has raised $630 million via an initial public offering (IPO) and listed on the Nasdaq. The proceeds will be used to increase Bitcoin holdings and invest in income-generating assets. The preferred stock offers a 15% annual fixed dividend, paid daily, with the first dividend scheduled for November 9.
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Francouzské Národní shromáždění podpořilo zavedení 31,4% paušální daně na směny kryptoměn za stablecoiny, včetně USDC, USDT a EURC, od roku 2027. Návrh zatím nebyl přijat jako zákon.
France's National Assembly has backed a 31.4% flat tax on crypto-to-stablecoin swaps, ending tax deferral on conversions into $USDC, $USDT and $EURC-type tokens from 2027.
French lawmakers have voted to impose a 31.4% flat tax on conversions from cryptocurrency into stablecoins, ending a tax-deferred treatment that has applied to on-chain rebalancing. Under the measure, swapping digital assets into tokens such as $USDC, $USDT and $EURC would trigger a taxable event, regardless of whether proceeds stay in self-custody wallets.
What the amendment changes
The rate is not new.
Not yet lawThe vote is a first step.
The thin margin leaves the outcome open.
Industry analysts have flagged the risk of displacement. CoinDesk reported that the firm warned the proposal could drive crypto activity offshore.
For French holders, the practical effect is on strategy.
Sources
Crypto Briefing: France pushes budget vote on stablecoin swap tax to November 3CoinDesk: France's 31.4% stablecoin tax proposal risks driving crypto activity offshore, warns ChainalysisBitcoin.com News: French Assembly Narrowly Adopts Stablecoin Swap Tax Proposal
Spark now supplies more than $400 million in USDC to the cbBTC/USDC lending market on Base. That makes it the source of nearly a quarter of all the USDC in the market.
The numbers behind the vault Spark is the allocation layer from the Sky ecosystem. It routes its capital through a dedicated Morpho USDC Vault, which in turn feeds the cbBTC/USDC market.
Spark’s vault has allocated over $410 million into that single market, according to the research data. Spark’s own public figure puts it at “over $400 million” and “nearly a quarter” of the market’s USDC.
The market itself is large. Total supplied assets sit at approximately $1.77 billion, with $1.60 billion borrowed.
That works out to a utilization rate above 90%. Put simply, almost every dollar lenders deposit is already out on loan.
Spark adjusts its USDC reserves to track borrowing needs, according to the research findings. Its allocations started modest and grew rapidly from there.
How the market works The market runs on Morpho as an isolated lending market. Isolated means the risk stays inside this one pairing. Problems with some unrelated asset elsewhere on Morpho do not spill into it.
The market launched on September 4, 2024. It uses an 86% liquidation loan-to-value ratio, or LLTV.
That figure sets the danger line. If a borrower’s debt climbs to 86% of their cbBTC collateral’s value, the position becomes eligible for liquidation.
Rates have cooled as competition for lending has picked up. Lenders currently earn a supply APY of about 4.73%, while borrowers pay around 5.26%.
Earlier, rates sat near 7.5%. The gap between the two rates sits at a little over half a percentage point.
The Coinbase connection In January 2025, Coinbase introduced Bitcoin-backed loans that let users borrow USDC against cbBTC directly inside the Coinbase app. Users never need to open a separate DeFi interface, and the borrowing happens on Morpho in the background.
The research findings describe Spark as a primary liquidity provider tied to that Coinbase lending launch. When a Coinbase user borrows USDC against their Bitcoin, there is a decent chance some of those dollars came from Spark’s vault.
The market has also seen a 55% rise in volumes year-to-date, according to the research data.
What this means For other lenders, falling supply APYs from around 7.5% earlier down to about 4.73% show that deep-pocketed players compress returns for everyone else in the pool.
Concentration is the risk worth watching. When one supplier provides nearly a quarter of a market’s USDC, its allocation decisions carry real weight.
The 86% LLTV allows fairly aggressive borrowing against Bitcoin. A sharp drop in Bitcoin’s price could push many positions toward liquidation at once.
Coinbase supplies the front end and the users. Morpho supplies the lending rails. Suppliers like Spark supply the dollars. Going forward, the key metrics are utilization, the spread between supply and borrow rates, and Spark’s share of the pool.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Podle ZachXBT bylo více než 87 % příchozích prostředků služby FreedomXMR přímo spojeno s nelegální činností; dohledal prostředky v hodnotě přes 20 milionů USD.
On-chain investigator ZachXBT published a report stating that a centralized money laundering service called FreedomXMR (FXMR) emerged on Hyperliquid Core in August 2026, with over 87% of its inflow volume directly linked to illegal activities. ZachXBT manually reviewed FXMR’s historical inflow transactions exceeding $10,000 each, tracing more than $20 million in funds directly to ransomware, exploit attacks, malware, and social engineering incidents. These include attacks targeting DCENT Wallet, Fetch.ai, and Axelar in September 2026, unnamed ransomware payments, and the Gamdom attack in October 2026. ZachXBT also noted that FXMR operators source Monero (XMR) liquidity via KuCoin, with associated addresses making over 3,000 cumulative deposits to the exchange, and its operating model may mirror that of Wagyu’s mixing service. The FXMR token contract was acquired via a Hyperliquid auction on July 27, 2026, for 518.28 HYPE tokens, valued at roughly $28,000 at the time. ZachXBT added that Hyperliquid Core has previously hosted other centralized money laundering services like b1exch, which leverage the blockchain’s permissionless mechanisms to operate, and confirmed he has shared a spreadsheet containing relevant data with the Hyperliquid team. The fund tracing and illegal association ratios referenced are conclusions from ZachXBT’s investigation.
Aave has found a new way to recruit borrowers: let them post big-name tech stocks as collateral.
Three out of every four borrowers using tokenized Magnificent 7 shares on Aave’s Base deployment are new to Aave on that network.
How the Equities Hub works Aave launched its Equities Hub on September 25, 2026, as part of its V4 rollout on Base. Base is the Ethereum layer-2 network incubated by Coinbase.
Eligible users outside the US can deposit tokenized shares of the Magnificent 7 companies and borrow USDC against them.
The design is deliberately narrow. The tokenized equities can only be used as collateral, so nobody can borrow them. Cross-collateral borrowing between the stocks is switched off, meaning you cannot post one tokenized share to borrow another.
The hub operates as an isolated pool, and at launch USDC was the only asset available to borrow.
The numbers so far As of October 18, 2026, users had deposited $9.57 million worth of tokenized Mag7 supply into the hub.
That figure represents 35.6% of the total tokenized supply of those shares, which stands at $26.9 million in total.
Against that collateral, borrowers have taken out $4.08 million in USDC.
The number of borrowing wallets grew from 8 to 144 by mid-October.
The loan-to-collateral ratio rose from 22.2% at launch to 42.9% by October 18.
Collateral factors range from 65% to 79% depending on the token. The aggregate collateral cap for the hub was set at approximately $29 million at launch.
Background: why tokenized stocks matter for DeFi Tokenized equities let assets that originate in traditional markets plug into onchain credit. The tokenized shares are backed by actual stocks custodied at Alpaca Securities. Aave uses Chainlink for pricing data, synchronizing on-chain operations with traditional market hours by pausing trading over weekends and U.S. holidays.
The decision to restrict access to non-US users reflects the regulatory reality around tokenized securities.
What this means The most important number here is not the dollar figure. It is the three-in-four share of new borrowers.
The rising loan-to-collateral ratio deserves attention. Moving from 22.2% to 42.9% shows confidence, but it also means borrowers have less cushion if share prices fall. Collateral factors topping out at 79% give some buffer before liquidation becomes likely.
With 35.6% of tokenized Mag7 supply already deposited, Aave’s growth in this hub is increasingly tied to how quickly the underlying tokenized shares themselves expand.
Potential expansion within this framework, including the introduction of additional equities or alternative assets like GHO, rests upon Aave governance.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
CME has opened a regulated futures market for UNI, giving traders a way to take a position on the token’s dollar price without moving it between wallets. Standard and micro contracts are listed, and a market maker program is meant to help traders find bids and offers. Those steps say little about whether institutions will keep using the contracts once the launch is over. They do not send trading fees to the Uniswap protocol, either. Open interest in the months ahead will say more about the market’s staying power than the appearance of a new ticker.
Summary
CME listed UNI and micro UNI futures for the October 19, 2026 trade date.
A standard contract references 10,000 UNI, while a micro contract references 1,000 UNI.
Both contracts settle financially against a daily Uniswap dollar reference rate.
CME’s market maker program can designate up to seven participants through January 31, 2027.
The initial listing includes 10 contract months through March 2028.
CME has opened trading in cash settled futures on UNI, the governance token associated with the Uniswap protocol. Special Executive Report 9820 set the listing for Sunday, October 18, for the Monday, October 19 trade date, subject to the regulatory review periods then pending. CME’s current crypto product page identifies Bitcoin Cash and UNI futures as live products.
JUST IN: CME Group adds Uniswap futures, with trading starting October 19
The contracts were self-certified with the CFTC, as CME’s crypto futures and options averaged $15.4B in open interest during the first half of 2026. pic.twitter.com/VSadaSUukx
— crypto.news (@cryptodotnews) October 18, 2026
UNI joins a growing list of tokens that traders can reference through CME’s futures infrastructure. The listing says nothing yet about the number of institutions buying UNI, the volume of futures trades or the number of people swapping assets through Uniswap. CME settles the contracts in cash against a benchmark; Uniswap users trade through liquidity pools. Both markets respond to UNI’s price, though each produces a different record of who traded and what changed hands.
Two contract sizes, one token reference
The exchange lists a standard future representing 10,000 UNI and a micro future representing 1,000 UNI. Its September 22 announcement presented both as tools for price exposure and risk management. A trader holding UNI on a spot venue could sell futures to hedge a decline. Another could buy futures to express a view without taking delivery of tokens. Every new long requires a corresponding short. Opening a contract does not mean CME or both counterparties bought the underlying token.
At a purely illustrative $7 per UNI, one standard future represents $70,000 of notional exposure and a micro future $7,000. The amount deposited as initial margin would be different from the notional and can change under exchange and clearing requirements. The $7 input is a round example, not a snapshot of the October 20 market or a price target. Counting one standard and one micro as two equal trades would understate the different exposure by a factor of 10.
Contract size matters when those volume figures start appearing. A day with 100 micro contracts traded represents 100,000 UNI in contract units, but no corresponding transfer of 100,000 tokens is required. Traders can open and close the same exposure several times, adding to volume even when the number of outstanding contracts barely changes. Open interest records those positions still in place; it gives a more useful indication of whether a hedge market is taking hold beyond a burst of launch day trades.
The exchange’s initial schedule listed monthly contracts for October 2026 through March 2027, then additional quarterly expiries through March 2028. A position can be closed or rolled into another expiry before the last trading date. Listing a long dated contract gives a trader a possible maturity; it does not show that orders or meaningful open interest already exist across all 10 listed months.
CME says the contracts trade through its electronic platform and can be submitted for clearing through ClearPort. The launch announcement put the UNI products alongside Bitcoin Cash futures in its expansion of single asset crypto contracts. Bitcoin, Ether, XRP, Solana, Cardano, Chainlink, Stellar, Avalanche and Sui were already named in the suite. That history shows an exchange adding tradable references, not a ranking of the tokens’ underlying networks by use or revenue.
Cash settlement keeps UNI off the delivery rail
SER 9820 specifies financial settlement. When a contract expires, the final settlement price refers to the CME CF Uniswap Dollar Reference Rate on the last trading date. Positions are settled in cash rather than by handing 10,000 or 1,000 UNI to the holder of a long. This separates a futures position from direct token custody, staking or governance participation.
For a simple hypothetical standard contract, a move from $7 to $8 is $1 per UNI across 10,000 units, or $10,000 in contract value before fees and funding considerations. The matching short faces the other side of that mark. A micro contract would represent $1,000 for the same price change. The example describes exposure, not the margin needed to establish it or an actual payment by any trader. Daily variation margin and closing trades can cause cash to move before final expiry.
The settlement benchmark is a price reference, not a Uniswap pool or an onchain oracle called by the protocol. CF Benchmarks describes UNIUSD_RR as a once daily index aggregating eligible UNI dollar market trades from constituent exchanges. Its methodology and constituent markets matter when comparing futures with spot trades. A futures hedge based on that rate has benchmark exposure; an institution holding UNI on another venue may still face differences between its execution price and the rate used for final settlement.
Trading in an expiring future ends at 4 p.m. London time on the last Friday of the contract month, subject to a holiday adjustment if both London and the United States are closed. The benchmark and the expiry rule determine the final cash reference. A trader who buys UNI in a decentralized pool minutes before the benchmark window may receive a different price from the CME settlement. The prospect of an arbitrage trade does not erase fees, execution risk, slippage or the possibility that a spot route is not available in the same size.
There is a distinct mechanism called basis trading at index close, or BTIC. CME’s contract report assigns BUN and BMU codes for the standard and micro UNI products traded relative to the reference rate. A BTIC trade executed before the stated London cutoff uses the current day’s closing index for the related future price; a later execution uses the next day’s index. The existence of that facility does not prove a particular fund or dealer used it on launch day.
What a futures position does not buy
A UNI future gives economic exposure to a price move. It does not confer the voting rights attached to holding tokens in the relevant wallet or delegate, and it does not execute a swap through Uniswap’s contracts. The long can benefit when UNI’s price rises without directly acquiring the tokens that governance proposals count. A short can hedge token inventory without changing protocol parameters. The futures market can grow while onchain swaps or governance participation remain unchanged.
Uniswap’s token economics have changed since UNI was first introduced as a governance asset. Its UNIfication fee switch followed a governance decision to direct certain protocol fees into purchases and burns of UNI. Fees on selected v4 pools and networks subsequently brought more activity into the mechanism. Fee collection and burns are onchain activities with their own contract records. CME open interest cannot substitute for those figures.
Price and hedging can connect the two markets indirectly. A dealer selling futures might buy spot UNI to offset the exposure, while another dealer could use inventory it already owns or a different derivative. CME does not publish the hedge behind every trade, so contract volume cannot be converted into a claim about fresh token purchases. What the futures record shows is a transfer of price risk between counterparties, whose activity may or may not reach a spot venue.
The initial announcement cited strong client demand for regulated risk management tools. CME did not break out the number of clients seeking UNI specifically, nor did it provide a forecast for UNI contract volume. Its first half 2026 crypto derivatives average of 279,800 contracts a day and $8.3 billion daily notional covered the exchange’s suite at that time. It predates the UNI launch and cannot be presented as evidence of UNI demand. The same caution applies to the $15.4 billion average open interest quoted for the broader suite.
Market makers are being paid to help the launch
A separate CME rule filing numbered 26-480 describes a Bitcoin Cash and UNI futures market maker program. CME said the program would begin October 19 and last until January 31, 2027, unless changed, extended or ended. It may choose up to seven participants through a competitive application process. Those participants can be members or nonmembers.
Selected firms must quote continuous two sided markets at specified maximum bid and ask spreads and minimum sizes during a required share of trading time. Meeting the obligations can earn predetermined incentives. CME says it will monitor performance and can revoke a firm’s status. The public filing does not name the selected firms or give a UNI specific amount of incentive paid to them. It describes rules that could help an initially thin order book have executable bids and offers.
A trader benefits when designated firms keep bids and offers on the screen: entering or closing a position becomes easier, particularly in a new contract. Paid quoting, however, cannot establish how many independent hedgers want the product. CME’s current program runs through January 31, 2027, unless changed, extended or ended. Comparing spreads before and after that date would help show whether commercial trading can sustain the depth, while the filing says exchange execution and surveillance duties remain in force throughout.
BIG: Uniswap accounts for 60% of tokenized stock DEX trading volume
Tokenized stocks generated $20.9 billion in DEX volume over the past 30 days, with Uniswap v3 and v4 handling 60% of the total, according to Token Terminal. pic.twitter.com/yBXuoyskAR
— crypto.news (@cryptodotnews) September 30, 2026
The difference is measurable. A market with seven designated quoting firms could display bids and offers across trading hours but have little end user volume. Conversely, an active contract may be supported by additional unaffiliated liquidity providers. We cannot conclude either from the program notice alone. Contract specific volume, open interest, quoted depth and actual spreads are needed, preferably across multiple weekdays and weekends rather than one opening session.
CME opened its existing cryptocurrency futures and options markets to round the clock trading in 2026. SER 9820 lists UNI trading around the clock with defined maintenance windows, including a two hour period early Saturday in Central time and a brief daily weekday pause. A 24/7 label should not be read literally as uninterrupted trading every minute. Weekend quotation quality could differ from regular U.S. business hours even when the market is technically open.
The fine print changes how a trade is priced
The standard contract’s outright minimum price fluctuation is $0.0025 per UNI, or $25 for its 10,000 unit size. The micro contract’s outright minimum is $0.00125 per UNI, or $1.25 for 1,000 units. Those increments set the smallest allowed quoted price step for an outright future, not the total cost of placing a trade. A participant may pay an exchange fee and the bid and ask spread, and a broker can set its own commission.
SER 9820 lists different minimum increments for BTIC and calendar spread transactions. Those matter if an institution wants to hedge one expiry against another or execute relative to the daily benchmark. The standard and micro products are not simply the same line divided by 10 in every respect. Quoting increments, fees and potential liquidity can differ. A trader comparing them should first normalize exposure into UNI units and dollar notional.
The special executive report sets a minimum block trade threshold and a 15 minute reporting window. Such trades may allow large participants to negotiate or execute eligible positions under exchange rules, with clearing on the regulated venue. Their existence does not make every large transaction visible in the order book before execution. Counting visible screen depth alone may understate the ways institutional flow can be arranged, while block prints still require interpretation by time and contract month.
A futures quote can sit above the current UNI spot price or below it. Financing, margin costs and demand for a hedge all play a part in the gap, known as the basis. A contract priced above spot does not promise that the token will reach that price at expiry. Many positions are closed or rolled before then, and the final cash settlement ties only the expiring contract to the reference rate. Reading every intermediate quote as a price forecast gives the contract a meaning it does not have.
Large leverage can work against hedgers as well as speculators. Futures positions are margined and marked to market. A participant may need to post more collateral if the market moves against the position, even when a separate spot holding would make the combined economic exposure look hedged over a longer period. The entity carrying the spot tokens and the entity carrying the futures account can have different settlement schedules and operational controls. CME clearing supplies the exchange side of the arrangement, not the full financing of a trader’s strategy.
The exchange fee schedule illustrates another reason that “micro” does not mean a free substitute for standard exposure. SER 9820 lists a $4 per contract CME Globex fee for the standard product and $0.75 for the micro product in one membership category. Ten micro futures would represent the same 10,000 UNI notional units as one standard future but would incur $7.50 of those stated exchange fees instead of $4, if that exact category and transaction type applied. Other membership categories have different rates, and brokers may add charges. The calculation isolates one published fee line; it is not a universal comparison of total trade cost or a recommendation to use either size.
The same 10 to one conversion applies to price sensitivity. A one cent change in UNI corresponds to $100 per standard contract and $10 per micro contract. If a portfolio manager holds five standard contracts and 20 micro contracts, the total reference amount is 70,000 UNI. At a hypothetical $7 price, that is $490,000 notional. Counting the position as 25 contracts without converting units conceals its size. Exchange margin requirements and realized profit are separate from notional, so neither can be inferred by multiplying the token price by the number of contracts alone.
Different maturities add another layer. A participant with a near month short against a later month long has two outstanding positions but a spread exposure that is sensitive to the difference between those futures prices. Summing absolute contract notional without considering offsetting positions can overstate net directional risk. Public open interest does not reveal every trader’s paired positions. Consequently, even a careful aggregate across standard and micro lines describes market participation more reliably than it describes the direction or purpose of every trade.
The market maker program’s incentive is conditional on quoting performance, not simply on appearing as a participant. CME says it can assess proposed obligations, an applicant’s ability to maintain quotes and historical activity in similar markets. It can remove a participant whose performance fails its review. The resulting quotes may improve the displayed market while the program operates, but the public filing does not reveal who won the slots, the exact spreads promised by each firm or the amount of compensation any firm earned. Reporting a count of seven as actual appointed dealers would go beyond the document, which says “up to” seven.
These details create a workable evaluation period from the October 19 start through the currently scheduled January 31 end. Weekly observations of volume, open interest and executable spreads would show whether traders returned after the first publicity cycle. Comparing those data with the exchange’s own later report would avoid relying on a price chart that may move for reasons unrelated to CME. Any claim of institutional participation needs a named trade, disclosed position or attributed source; contract volume alone does not identify whether the buyer was a fund, a proprietary dealer or another customer.
The bull case is hedging, not instant protocol growth
An asset manager with token exposure may prefer a standardized, centrally cleared future to opening a short on an offshore perpetual venue. Exchange rules, dollar settlement and familiar margin systems can fit established risk processes. A hedge can be reduced, increased or rolled without moving the underlying tokens. CME’s stated goal of offering risk management across liquid altcoins gives that case its strongest form.
Some traders may use UNI futures without ever holding UNI. That is ordinary price speculation in a regulated derivatives market. It can add counterparties for hedgers and create observable prices across monthly expiries. It does not guarantee beneficial price direction. A short hedger needs a long counterparty; more long contracts do not exist without corresponding short positions. Open interest therefore measures participation, not a vote on future price.
The weaker claim would be that regulated futures automatically raise protocol revenue. Uniswap’s fees arise when users trade through its pools under governance configured rules. The protocol may use a portion for token burns under its approved mechanisms. CME’s exchange fees on futures belong to the exchange and intermediaries, not the automated market maker. A futures trade that is later hedged by a spot purchase may affect UNI markets, but there is no contractual requirement to route a hedge through Uniswap.
Nor does a futures launch prove an exchange traded fund is next. Other altcoins have had CME futures before particular fund applications, and U.S. fund listing requirements and commercial decisions are separate processes. The Avalanche and Sui futures rollout showed CME continuing to list more tokens in May 2026. It did not make each token’s governance or economics interchangeable. UNI’s link to a fee generating protocol adds questions that a generic futures listing cannot answer.
The countercase is that a deep, regulated futures market could make UNI risk easier for institutions to hold or hedge, even if it does not create onchain activity itself. The proposition can be tested in the months after launch. Sustained open interest, tight spreads outside promotional quoting hours and repeated participation across different expiries would support the idea of a durable hedge market. Sparse trading after the market maker program ends would weaken it. Either result leaves the protocol’s own fee and usage data to be measured independently.
Benchmarks and governance follow different clocks
The daily CME CF rate aggregates eligible market data according to a published methodology. A Uniswap governance proposal can move through discussion, voting and implementation on a different schedule. A protocol fee parameter change could affect expectations for UNI burns without changing the number of CME contracts immediately. A leveraged futures position can react to the anticipated event before an onchain rule is activated. The resulting price move would not, by itself, prove which event caused it.
The December 2025 UNI burn vote concerned token supply and fee switch activation. The futures contract launched almost 10 months later. A reader can compare the onchain burn records, trading fees and UNI supply with futures activity, but the units must remain distinct. Burned tokens are removed from circulation under a governance mechanism. Futures notional measures exposure to their price, not tokens destroyed, newly minted or held by CME.
Uniswap’s protocol can support swaps on multiple networks and versions. Fee settings differ by pool and governance action. Treating all reported trading volume as fee revenue would overstate the amount that accrues to the protocol, and treating all protocol fees as direct cash distributions to a futures holder would be wrong. A futures contract settles to a token price benchmark; its buyer receives no automatic entitlement to the protocol’s fee collections.
The exchange’s own data will give the first market answer. CME publishes contract specific volume, open interest and settlements, though any intraday screen is a time stamped snapshot and some public data are delayed. A comparison across standard and micro contracts should convert both to the same UNI unit and separate turnover from outstanding positions. Observing a highly traded debut without end of day open interest would suggest much of the risk was opened and closed in the session, not carried forward.
Market makers may use the standard and micro contracts together, shifting inventory between sizes. An open interest rise in one line and a fall in another may reflect that transfer rather than new aggregate demand. A clean market reading would add equivalent UNI units across contract sizes and maturity months, then compare the resulting exposure over time. Even that aggregation cannot identify every end holder or prove a direct spot hedge. It only describes outstanding futures risk on the exchange.
What to watch
Open interest in UNI units: Convert standard contracts at 10,000 and micro contracts at 1,000 before combining them.
Bid and ask spreads: Compare weekdays and weekends, including the period after the market maker program’s January 31 end date.
Monthly maturities: See whether positions persist beyond the nearest expiry rather than being confined to opening trades.
Spot and benchmark basis: Track futures prices against the CME CF reference rate without treating a premium as a forecast.
Protocol fees and burns: Check Uniswap’s onchain figures separately from CME volume and contract notional.
FAQ
When did CME UNI futures start trading?
CME listed the products effective October 18 for the October 19, 2026 trade date. The exchange currently identifies the UNI products as live.
How large is one standard UNI future?
A standard future represents 10,000 UNI. The micro version represents 1,000 UNI, or one tenth of the standard unit.
Do CME UNI futures deliver UNI tokens?
No. SER 9820 specifies financial settlement against the CME CF Uniswap Dollar Reference Rate on the final trading date. Holding a future does not transfer governance tokens.
Does a CME futures trade raise Uniswap protocol fees?
The trade itself occurs on CME, not in a Uniswap liquidity pool. Protocol fees require activity under the applicable Uniswap pool and governance rules; an optional spot hedge may or may not use those pools.
Does open interest show that institutions bought UNI?
No. It counts futures contracts still outstanding, each with one long and one short. A participant can hold price exposure without possessing tokens.
What does the market maker program require?
CME may choose up to seven participants to quote two sided markets at defined spreads and sizes. The published term runs from October 19 through January 31, 2027, unless changed.
Can the contracts trade on weekends?
Yes, except for specified maintenance windows. The listing report includes a Saturday two hour pause in Central time and a brief weekday maintenance period.
What would show the UNI market has lasting use?
Repeated contract specific volume, persistent open interest and workable spreads after the launch incentives would be evidence of a durable futures market. None alone establishes growth in Uniswap swaps. This is educational analysis, not investment advice.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 20, 2026.
South Korea-based cryptocurrency exchange Bithumb has announced it will temporarily suspend deposit and withdrawal transactions for 48 crypto assets due to upgrades to its Solana (SOL) network.
According to a statement by the exchange, trading will cease on October 21, 2026, at 12:00 PM Turkish time. The decision was made to support the Solana network upgrade and prevent potential technical issues during the transfer of related assets.
Assets that will be affected by the temporary suspension include Solana (SOL), BONK, Jupiter (JUP), Jito (JTO), Pyth Network (PYTH), Raydium (RAY), Render Token (RENDER), dogwifhat (WIF), Official Trump (TRUMP), and Pudgy Penguins (PENGU).
Additionally, DoubleZero (2Z), Access Protocol (ACS), Arcium (ARX), Moonbird (BIRB), Bubblemaps (BMT), CUDIS, deBridge (DBR), Doodles (DOOD), GEODNET (GEOD), Grass (GRASS), Helium (HNT), HoloWorld AI (HOLO), Huma Finance (HUMA) and io.net (IO) will also be affected by the implementation.
The list also includes Kamino Finance (KMNO), Solayer (LAYER), Mayflower (MAY), Magic Eden (ME), Meteora (MET), MetaDAO (META2), MEW, MOODENG, Metaplex (MPLX), Orca (ORCA), PONKE, Popcat (POPCAT), Pearl (PRL), Pump.fun (PUMP), and ROA Core (ROA).
Seeker (SKR), Solstice (SLX), SNS, Sonic SVM (SONIC), SOON, Global Dollar (USDG), USELESS, Wormhole (W), and Humidifi (WET) are among the other assets included in the temporary trading restrictions.
The announcement did not specify the exact time when deposit and withdrawal transactions will resume. It is important for users to follow the latest announcements published by Bithumb before making any transfers.
*This is not investment advice.
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Zpráva ekosystému STX za třetí čtvrtletí uvádí, že Stacks do nového produktu Bitcoin Staking získal napříč prvními dvěma dluhopisovými obdobími zhruba 735 BTC, zatímco STX za sedm dní klesl o 19 % na přibližně 0,35 USD.
Stacks brought its first institutional Bitcoin into staking during Q3 after the PoX-5 hard fork. Almost all liquid staked Bitcoin on the network now sits as lending collateral on Zest Protocol. STX has handed back a large part of its August-October rally despite the stronger network data. The token is testing a support zone where a key moving average and a retracement level overlap. STX, the native token of the Bitcoin smart contract layer Stacks, trades near $0.35 on Tuesday after losing roughly 19% over seven days, even though the STX Ecosystem Report for Q3 2026 shows the network pulled about 735 BTC into its new Bitcoin Staking product across the first two bonding periods. That gap between improving on-chain numbers and a weakening price has pushed STX back into the area that needs to hold if the rally that began in mid-August is to survive.
735 BTC Across Two Bonds The quarter turned on the PoX-5 hard fork, which went live on July 30 at Bitcoin block 960,230 and unlocked every staked STX token, forcing holders to restake under the new contract. They restaked 392M STX almost immediately, the figure climbed to 448M by the end of September, and it reached 493M once Bonding Period 2 opened on October 8.
The Genesis Bond opened on September 10 and filled all 230 BTC of its capacity, with ETP issuer 21shares, HashKey Cloud, Nakamoto Inc. subsidiary UTXO Management and Sypher Capital among the first participants. Stacks Labs sized that bond deliberately small so institutions could test the product live. The second bond doubled it to 505 BTC, and 483 BTC of that came through liquid staking on Stacking DAO.
Metric Latest figure Change in context STX staked 493M STX Up 25%+ from 392M after the fork BTC bonded ~735 BTC 230 BTC, then 505 BTC sBTC supply 2,487 BTC End of Q3 stBTC supply 636 BTC 97% posted on Zest Weekly DEX volume $16.7M 12-month high, week of Sept. 28 Source: Stacks Labs, Q3 2026 ecosystem report
Why Bitcoin Staking Locks Up STX STX holders care about Bitcoin deposits because of how PoX-5 works: it introduced protocol bonds, which pair BTC timelocked on the Bitcoin base layer with STX locked on Stacks as staking capacity, so every new tranche of Bitcoin needs STX sitting beside it. Bonding Period 2 alone required 6.7M STX alongside its 505 BTC, and the yield is paid in BTC. Stacks Labs says Bond 2 targets 3%, while Stacking DAO estimates about 2.3% a year for stBTC holders.
With a market capitalization of $627.55M at $0.3458, STX has roughly 1.81B tokens in circulation, which puts the 493M staked figure at around 27% of supply. Much of that stake is returning capital that the fork had temporarily unlocked, so the recovery above 392M is the part that reflects fresh demand.
Where the Staked Bitcoin Ends Up stBTC runs on sBTC, the Bitcoin-backed token on Stacks secured by a set of institutional signers, and nearly all of it ends up in one place: of the 636 BTC in stBTC supply, 97% is posted as collateral on Zest Protocol,
the network’s largest lending market, which reports more than $122M in deposits, $42M in borrows and 800 BTC of Bitcoin-denominated collateral. Zest also runs a levered staking vault that loops stBTC for extra yield, and it has processed over 1,500 liquidations since launch without bad debt. That record matters more as concentration grows, because a single liquidation engine now carries nearly all of the network’s staked Bitcoin.
STX Price Tests the $0.33 Zone STX/USDT daily chart. Source: Alexander Stefanov/TradingView STX climbed from about $0.118 in mid-August to a $0.459 high in mid-October, a gain close to 290%. During the first leg of that move the 14-day RSI pushed above 80, a reading that signals buyers were paying up at an unusually stretched pace, and it then stayed mostly between 55 and 75 while price ground higher through September. The index has now dropped to 45, below the 50 midline and well under its own average of 62, which means short-term momentum has passed to sellers.
The longer trend still leans positive, because in mid-September the 50-day EMA crossed above the 200-day EMA, a golden cross that marks the point where the average price of recent weeks overtook the longer-term average. Price has already lost the 0.236 Fibonacci retracement at $0.3785 and now trades just above $0.3318, where the 50-day EMA meets the 0.382 retracement at $0.3287. Fibonacci retracements measure how much of a rally has been given back, and this overlap makes $0.33 the first area where buyers tend to defend a trend.
A daily close below $0.3287 would leave $0.2884 as the next support, with the 200-day EMA at $0.2703 below it. A move back above $0.3785 would put the October high back in play.
Monthly Bonds Set the Q4 Test Bond 3 opens around November 10, and Stacks Labs expects custody integrations, including Anchorage, to bring more institutions in from that round onward, with a 50 BTC minimum for self-custodial participants. New bonds follow monthly through the end of 2026 with larger capacity each time, so each one will show whether Bitcoin demand keeps pace with supply and how much additional STX gets locked.
Epoch 4.1, the next network upgrade, targets activation in early December and makes Clarity 7 the default language version for new smart contracts, with the activation block height due at least 30 days in advance. Muneeb Ali, the Stacks co-founder, took over as CEO of Stacks Labs on October 15.
The Stack Sats incentive program pays out 1 BTC a month to Bitflow traders and Zest lenders until December 10, and the Stacks Endowment intends to use its participation data to design a longer-term DeFi rewards framework. Bitflow, the main exchange on the network, also plans to ship a new concentrated-liquidity design in Q4 that it says will handle at least ten times more swap throughput, which would matter if bond sizes keep doubling.
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.
SharpLink nasadil 400 mil. USD ze své rezervy v ETH přímo na blockchainu: po 200 mil. USD do Ether.fi a Lido Finance, přičemž Anchorage Digital působí jako správce.
SharpLink (Nasdaq: SBET) has confirmed its first major onchain deployment, $200 million with Ether.fi and $200 million with Lido Finance, with Anchorage Digital serving as custodian for both positions.
The Nasdaq-listed Ethereum treasury firm shared the news via its official X account on October 19, 2026, describing the move as putting its ETH “to work every day.”
The SharpLink ETH deployment marks a shift from passive accumulation to active, yield-generating onchain strategy, a benchmark the company says others in institutional finance can now follow.
From Treasury Build to Active Yield: Inside the $400M Onchain Strategy SharpLink’s treasury thesis has been consistent since the company pivoted to an Ethereum-first model. Accumulate ETH. Make it productive. Compound yields. Increase ETH per share.
The $400 million SharpLink ETH deployment is the clearest execution of that thesis yet.
Anyone can own $ETH. We know how to put it to work.
Over the last year, Sharplink has done roughly $500M worth of deals to put ETH to work across the ecosystem.
These include staking deployments, a dedicated onchain yield fund, and investments for the teams leading Ethereum’s… pic.twitter.com/Ecjuz7n6wn
— Sharplink (@Sharplink) October 19, 2026
The Lido allocation fulfils a plan announced in August 2026. Under that arrangement, SharpLink stakes $200 million and receives wstETH, a liquid token that earns staking rewards while remaining deployable in DeFi, custodied by Anchorage.
CEO Joseph Chalom described the move then as “an exciting expansion in making our ETH even more productive.”
Lido holds roughly $16.5 billion in staked ETH, with wstETH integrated across more than 100 protocols. That scale, and the infrastructure around it, made Lido the natural partner for institutional-grade staking.
The Ether.fi allocation extends a separate line of work involving liquid restaking and weETH instruments.
Both positions sit inside a public-company balance sheet with Big 4 audit oversight, a structure SharpLink has consistently highlighted as the institutional standard.
This latest move builds on a longer capital deployment effort. In early August, SharpLink committed $100 million of its staked ETH to the Galaxy SharpLink Onchain Yield Fund, a $125 million vehicle Galaxy manages to pursue onchain yield strategies and emerging protocol investments.
Mike Novogratz, CEO of Galaxy, said the launch reflects institutional investors moving “from passive ownership toward active participation in blockchain-based markets.”
SharpLink now reports institutional ownership of approximately 60%, up roughly 12 percentage points, with Fidelity, BlackRock, Morgan Stanley, and Vanguard among its holders.
The depth of that institutional base reflects confidence in a treasury model built around productive ETH, not passive holding.
Liquid Staking Leaders and a Widening Institutional Playbook Lido and Ether.fi occupy different but complementary roles in Ethereum’s staking infrastructure.
Lido remains the dominant liquid staking platform by total value locked. Ether.fi leads in liquid restaking, giving depositors exposure to both base staking yield and additional reward layers.
Splitting the $400 million evenly across both protocols gives SharpLink diversified exposure to Ethereum’s productive layer.
Lido has also been expanding its footprint. The protocol launched ETH staking across four Layer-2 networks, Arbitrum, Base, Linea, and Optimism, using Chainlink CCIP, a move that deepens the liquidity reach of wstETH well beyond Ethereum mainnet. SharpLink’s deployment lands as that expansion gains traction.
Meanwhile, efforts to give retail investors direct stETH exposure through regulated products have stalled.
VanEck withdrew its proposed Lido staked Ethereum ETF registration with the SEC, leaving institutional deployments like SharpLink’s as the more accessible path for large allocators today.
SharpLink is not alone among listed companies treating ETH as a productive asset. BitMine has been a consistent buyer and staker, with its ETH accumulation continuing even as BMNR stock faced pressure.
The peer comparison underscores a broader shift: treasury firms are increasingly benchmarked not just on how much ETH they hold, but on how much yield that ETH generates.
On the traditional finance side, banks are also deepening their Ethereum commitments, JPMorgan recently expanded its JPM Coin deposit token to the Ethereum network, a further signal of the institutional drift toward productive on-chain infrastructure.
For SBET equity holders, the metric that matters most now is ETH-per-share compounding. The SharpLink ETH deployment is live. The protocols are running.
The question is how quickly the realized yields, and any further deployment tranches, show up in disclosed performance metrics. Watch for SharpLink’s next quarterly update and any X posts from the company on early yield data.
A wallet group linked to the $285 million Drift Protocol exploit has resumed moving stolen cryptocurrency, with blockchain analysts reporting that approximately $61.56 million in Ethereum was deposited into Tornado Cash on October 20.
Summary
Lookonchain reported that the Drift exploiter deposited 25,700 ETH, worth approximately $61.56 million, into Tornado Cash on October 20. Earlier monitoring by Onchain Lens identified at least 13,400 ETH, worth around $32 million, moving to the mixer. The transfers follow an April 1 attack that Chainalysis estimated caused $285 million in losses. Drift said a subsequent forensic investigation attributed the attack to a North Korea-linked group. The protocol opened DFX recovery-token claims and redemptions for affected users on October 1. According to blockchain monitoring account Lookonchain, the suspected exploiter transferred 25,700 ETH into the privacy-focused mixing service over a two-hour period, ending roughly two months of reported inactivity. The tracker estimated that the wallets still controlled 81,864 ETH worth approximately $195 million.
An earlier Onchain Lens update identified at least 13,400 ETH, valued at roughly $32 million, flowing into Tornado Cash. Its accompanying wallet snapshot showed approximately $224.59 million in remaining assets.
Meanwhile, the two trackers reported different amounts as the transfers unfolded. The latest wallet balances have yet to be independently verified through Arkham.
Drift exploiter resumes Tornado Cash transfers The reported activity represents another stage in the movement of assets taken from Drift, a Solana-based decentralized derivatives platform.
Tornado Cash pools cryptocurrency deposits and allows funds to be withdrawn through separate addresses, making direct transaction tracing more difficult. Sending ETH to the service does not establish whether the funds were converted into cash, sold on an exchange or recovered by another party.
A separate monitoring account reported that one wallet deposited 19,600 ETH, worth approximately $46.81 million, through 196 transactions on October 20. That figure falls between the two social-media observations but has not been reconciled against a complete transaction-level record.
The Drift Protocol exploiter deposited 19,600 ETH (~$46.81M) into Tornado Cash in 196 transactions on October 20, 2026, moving funds held for roughly 202 days, according to the our Tornado monitoring system.
On April 1, the Solana perpetuals platform suffered an estimated $285M… https://t.co/OEjYr8uRzQ pic.twitter.com/sXaSkLDsRe
— Salus (@salus_sec) October 20, 2026 The same account identified a wallet ending in 57c1 that had reportedly held stolen assets since April. It estimated the address retained 6,114.15 ETH, valued near $14.6 million, after its first outgoing transactions.
These wallet-specific figures cannot establish the exploiter’s total remaining assets because investigators track several addresses and the balances change as transfers occur.
April Drift exploit followed months of social engineering The original attack took place on April 1, when attackers obtained administrative control of Drift through transaction approvals from members of its Security Council.
In an April 9 investigation, Chainalysis estimated losses at $285 million, representing more than half the protocol’s total value locked.
The attackers reportedly spent months posing as representatives of a trading firm and building relationships with Drift contributors. They exploited Solana’s durable nonce feature, which permits pre-signed transactions to remain valid until execution.
After obtaining sufficient multisignature approvals, the attackers took control of administrative permissions and approved a fake token called CarbonVote Token, or CVT, as collateral.
According to Chainalysis, the attackers manufactured trading activity around CVT to create an artificial price history. They then used the token as collateral to withdraw genuine assets, including stablecoins and cryptocurrencies.
Subsequently, Drift published a more detailed asset breakdown totaling approximately $295.7 million in stolen tokens. The figure differs from the initial forensic estimate because the reports use different valuations and accounting scopes.
Investigators traced portions of the proceeds moving between Solana and Ethereum, where the attacker accumulated ETH before the latest reported mixing activity.
Investigators linked the attack to North Korean operators Security researchers have connected the Drift theft to a suspected North Korean hacking operation.
In an April 7 assessment, blockchain analytics company Elliptic identified transaction patterns and laundering techniques consistent with earlier North Korea-linked attacks.
Drift later reported that an investigation by cybersecurity firm Mandiant had attributed the incident to UNC6862, a North Korean threat group.
The platform had previously linked the attack to the operators behind Radiant Capital’s October 2024 exploit. Radiant suffered losses estimated at approximately $50 million in that incident.
The case was part of a series of major DeFi thefts in April. As crypto.news previously reported, April exploit losses exceeded $600 million during the month’s first 18 days, including separate attacks on Drift and KelpDAO.
Drift recovery claims opened in October While investigators continued tracing the stolen cryptocurrency, Drift established a program to compensate affected users.
On October 1, the project opened claims and redemptions for DFX recovery tokens. Its announcement stated that each verified USDT of loss entitled an affected user to one DFX token.
The protocol fixed the total token supply at approximately 299.5 million and said its recovery pool contained around 3.1 million USDT at launch.
Users can redeem DFX against available pool funds, trade the tokens or retain them while additional funds accumulate. The redemption amount depends on the pool balance and outstanding token supply, so holding a DFX token does not guarantee immediate repayment at face value.
The project said proceeds from its relaunched trading platform, Velocity, would contribute to the recovery pool. Tether has separately committed up to $127.5 million in support, while other partners have committed up to $20 million.
Drift’s October announcement states that funds recovered through enforcement action, freezing or other recovery efforts will be added to the pool. DFX claims remain open until January 1, 2028.
TD Sequential na denním grafu PENGU vydal nákupní signál; pokud si token udrží růstovou strukturu, mohl by dosáhnout 0,013 USD, tedy přibližně o 70 % výše.
Pudgy Penguins has flashed a proven bullish indicator, pointing to a likely 77% upside potential.
In the last two months, the Tom DeMarm (TD) Sequential has proven itself quite reliable in predicting the token’s next movement on the chart.
Pudgy Penguins and the TD Sequential On August 7, the indicator registered a buy signal, which led to a 77.64% rally. It was around this time that LBank launched promotional campaigns. The token’s parent company Igloo Inc. also pushed Pudgy Penguins merchandise across North American Walmart and Target stores. Even more, its CEO Luca Netz brewed positive sentiment around a public listing, saying it could happen within two years.
Another previous signal was the September 15 buy signal, which netted 66.94% in profits. During this time, PENGU hit its absolute local bottom for the month, dropping to $0.00685 after selling pressure heightened when the ecosystem unlocked 712 million tokens.
However, over the next 10 days, PENGU staged a 63%-66% rebound, hitting a peak of $0.01114 on September 25 before stabilizing back near the $0.0099 range.
Other than the oversold technical bottom, other factors that fueled the mid-September squeeze were a PEPE cycle fractal and massive real-world retail visibility at Walmart and the Pengu World Tour in Seoul. The latter aligned with Korean Blockchain Week and the Pengu Minibot tease.
Finally was the September 25 sell signal, where PENGU lost 32.58%. After peaking at $0.01029, the token steadily bled back down to the $0.0068 support zone.
Contributors included a break in its Abstract blockchain network, the announcement that toy sale proceeds would not be utilized to perform token buybacks and burns.
From a technical perspective, its Relative Strength Index (RSI) signalled that it was heavily overbought. Even more, the token hit the higher timeframe resistance of $0.010 mark, causing a cascade of long liquidations as short sellers dominated.
PENGU near-term price prediction The TD Sequential has now flashed another buy on the daily chart, suggesting an upswing may be developing.
Source: Ali Charts
The timing aligns with its new availability for trading and holding on SoFi, America’s largest online lender (15 million members).
Furthermore, PENGU has maintained a sequence of higher highs and higher lows. Should it maintain this momentum, the token might just shoot to $0.013 (+70%).
Story Ends Here
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