Dogecoin, the largest meme token by market capitalization, has experienced persistent price declines following the start of the new month.
Whale transfer adds sell pressureThroughout the recent market turbulence, traders have shown increased caution, with some intensifying selloffs in response to volatile conditions. On October 15, blockchain analytics platform Whale Alert reported that a significant Dogecoin holder transferred 300 million DOGE to Binance, the world’s leading cryptocurrency exchange by trading volume.
The transaction amounted to approximately $24.1 million, with DOGE trading at $0.0803 at the time of transfer. This sizable movement has captured the attention of crypto market participants, who are monitoring large holders’ actions amid ongoing price weakness.
Mini dictionary: Whale Alert, an onchain tracking service, monitors and posts large cryptocurrency transactions—typically those involving millions of dollars or tokens—across several blockchains for transparency and market intelligence.
DetailDataAmount Transferred300 million DOGEValue$24.1 millionExchangeBinanceTime of TransferOctober 15Price at Transfer$0.0803 per DOGEMarket reaction and price implicationsThe transfer has raised speculation about the whale’s intentions. While many traders perceive large exchange deposits as precursors to potential sell-offs, blockchain analysts caution that such movements do not always mean an immediate sale will follow. Instead, these actions may signal repositioning or portfolio adjustments.
Dogecoin’s already bearish sentiment has intensified, with observers highlighting the increase in available DOGE supply on Binance as a factor that could temporarily amplify downward price pressure. Nonetheless, onchain data alone cannot definitively determine whether the holder intends to liquidate their tokens or simply reposition assets.
Market participants continue to monitor significant DOGE transfers, noting that whales can influence short-term trends, but actual price impact depends on subsequent trading activity and wider market sentiment.
Analysts emphasize that a transaction of this size on a major exchange may briefly expand the pool of DOGE available for sale, potentially contributing to a negative outlook for the meme token’s near-term price, especially if additional selling ensues.
Traders exercise caution amid volatilityIn recent sessions, traders have reduced risk exposure with heightened caution, responding to both general market volatility and pronounced movements within the meme token sector.
Despite increased selling activity, the market remains uncertain about whether substantial whale deposits will translate into further price declines or if the assets will ultimately remain unsold.
Large exchange deposits often increase speculation and short-term uncertainty, but the motives behind major transfers are seldom clear without follow-up transactions.
The coming days will indicate whether this DOGE transfer leads to further volatility or steadies as market participants assess broader investor behavior across the cryptocurrency landscape.
Dogecoin (DOGE) is drawing renewed attention after major whale transactions moved 300 million tokens, valued at around $24 million. The activity, highlighted by blockchain analyst DogeGod, signals a period of heightened interest as markets track both technical signals and significant holder behavior.
Major whale activity draws attentionRecent transactions saw Dogecoin whales transfer 300 million DOGE, equivalent to $24 million. Large moves of this scale often draw the scrutiny of traders, as the decisions made by major holders can influence both immediate market liquidity and overall price sentiment.
Yet, the presence of such transfers does not necessarily indicate whether whales are accumulating additional DOGE, looking to sell, or simply transferring holdings between their own wallets. Analysts note that understanding the intention behind these movements requires attention to the destination of funds and the history of the wallets involved.
Whale activity alone cannot predict a market rally. Traders are advised to interpret these transfers in combination with price actions and wider demand trends before making decisions.
While Dogecoin’s whale transactions may set the stage for speculation, most experts stress that wallet activity is not sufficient to confirm any imminent price surge. Instead, the focus remains on broader technical signals and market dynamics.
Technical outlook and key resistanceCrypto analyst Crypto Patel examined Dogecoin’s current structure, emphasizing its position within a multi-year accumulation zone. DOGE’s price is now testing a long-standing descending trendline, a formation closely watched by traders for hints of a sustained reversal.
Patel identified $0.1186 as the crucial resistance level. A break above this threshold could serve as the first confirmation of a trend reversal, giving bulls a potential advantage in the market.
Should DOGE close decisively above $0.1186 with increased trading volume, momentum could favor the bulls and signal a lasting move out of its current range.
A failed attempt to overcome this resistance may keep DOGE trapped in its ongoing price band, with the possibility of further consolidation or even declines.
If a successful breakout occurs, Patel projects three milestones: the first at $0.2818, the second at $0.7559, and a long-term bull market target of $2. These levels would require substantial buying support and a generally favorable environment for cryptocurrencies overall.
Target LevelPriceConditionResistance$0.1186Key breakout levelMilestone 1$0.2818First bullish targetMilestone 2$0.7559Intermediate targetMilestone 3 (Bull Market)$2Long-term analyst forecastPotential scenarios and market impactsAchieving these price objectives is conditional, not assured. Realizing the higher levels would require strong interest from buyers and considerable overall momentum in the cryptocurrency market.
On the other hand, failure to consolidate above $0.1186 could restrict upward movement, leaving DOGE within its present range for the foreseeable future. A rejection near resistance might prompt further consolidation or a downward move.
The intentions behind the 300 million DOGE transfer also remain consequential. Without clarity on whether the movement signals accumulation or distribution, traders are advised to watch both whale activity and technical price signals closely.
Amid these developments, the critical breakout point remains central for Dogecoin’s near-term path. Market participants may look to volume, trendline retests, and whale transactions for additional insight into the likelihood of a sustained rally.
Crypto Patel’s $2 forecast should be considered a long-term scenario conditioned upon a significant change in market dynamics, not an immediate projection.
Dogecoin, created as a lighthearted digital currency featuring the Shiba Inu dog meme, has evolved into a popular asset for both retail and larger investors. Whale activity, combined with chart-based indicators, is actively shaping short-term expectations around $DOGE’s next move.
Philip Wadler, a principal designer of Haskell and Fellow of the Royal Society, co-created Plutus and now works on Plinth for Cardano ($ADA) smart contracts.
Philip Wadler, one of the principal designers of the Haskell programming language, is a central figure in the research behind @Cardano ($ADA). Haskell underpins the core of the blockchain, and Wadler has worked on its smart contract tooling through @IOGroup.
From Haskell to Cardano smart contractsThe Royal Society describes Wadler as a principal designer of Haskell, noting his contribution to its two main innovations, type classes and monads. The University of Edinburgh says his research has influenced the design of widely used languages including Java, Go, Swift and Haskell.
At Input Output Global (IOG), Wadler is a co-creator of Plutus alongside Manuel Chakravarty. IOG describes Plutus as the blockchain's smart programming language. Wadler's current title at the company is Principal Research Fellow, according to his University of Edinburgh biography.
Wadler has also contributed to IOG research on the extended UTXO model, the ledger model used by Cardano, according to the same IOG article.
Royal Society recognitionIn 2023, Wadler was elected a Fellow of the Royal Society. The University of Edinburgh's School of Informatics noted that he joined a list of past fellows that includes Isaac Newton, Charles Darwin, Albert Einstein and Stephen Hawking. The Royal Society's citation credits him with introducing type classes and monads, and with helping to bring generics to Java.
Recent work on PlinthWadler's recent research includes Plinth, the language used to write Cardano smart contracts. A 2025 paper presented at the ACM SIGPLAN Haskell Symposium, co-authored by Wadler and Chakravarty, says Plinth (formerly Plutus Tx) reuses a subset of Haskell syntax and has been in commercial use since 2021. The paper adds that Plutus programs run on a machine with a formal specification in Agda, a proof assistant, which supports work on verifying that contracts behave as intended.
For developers, the appeal is that Plinth programs use standard Haskell syntax and types, according to the paper's authors. The same paper notes that more than half a dozen smart contract languages now exist within Cardano alone.
SourcesRoyal Society: Professor Philip Wadler FRS
University of Edinburgh: Remarkable scientists join Royal Society
ACM Digital Library: Plinth, a Plugin-Powered Language Built on Haskell
A new investigation reports that former White House crypto advisor Bo Hines helped shape a stablecoin law while, at the same time, a consulting firm he co-owned received millions of dollars from Tether, the industry’s biggest player. Hines then joined Tether’s new U.S. division shortly after leaving the government.
The investigation, conducted by the Wall Street Journal, found that Nxum, a consulting firm Hines cofounded in 2022, earned $6.3 million under a deal to develop a “strategic brand and public affairs plan” for El Salvador–based Tether. Payments began while Hines, then 29, was leading the White House push for the Genius Act, a law regulating stablecoins, or dollar-pegged cryptocurrencies. He reportedly stepped back from managing the firm when he joined the administration but kept his one-third ownership stake.
Hines left the White House weeks after President Donald Trump signed the bill into law in July 2025. Tether hired him the following month to lead its new U.S. division, as the company continued paying millions to Nxum, according to the Journal.
The controversy surrounding Hines adds to scrutiny of potential conflicts of interest between the Trump administration’s crypto policies and the private business interests of the president and his advisors. Trump has championed the industry and pushed Congress to pass crypto legislation while his family has launched ventures including his namesake memecoin and World Liberty Financial, a decentralized finance platform. His latest financial disclosure revealed $1.4 billion in crypto-related wealth, largely tied to those two ventures, Fortune reported in July.
Hines cofounded Nxum in 2022 with his father, Todd Hines, and marketing executive Gary Dennis, with each partner holding equal ownership stakes. The small firm presented its business as spanning media, consulting, and investments. Beyond the three founders, its website reportedly listed just one employee: chief investment officer Nav Singh, who was sentenced to 21 months in prison in 2018 after pleading guilty to fraud in a bribery case involving New York’s state pension fund.
Nxum’s work ahead of the 2024 election included helping create Restore the Republic, a Trump-themed memecoin. It also contributed $1 million in billboard ads to MAGA Inc., a super PAC supporting Trump.
A potential Tether deal took shape in April 2025, when Peter Vincer, a marketing entrepreneur who had worked with Nxum on previous business deals, arranged for Todd Hines and Dennis to meet Tether CEO Paolo Ardoino near Central Park in New York, per the Journal. Bo Hines was then working to advance the Genius Act from inside the White House.
Vincer reportedly followed up with a draft “Tether Comprehensive Brand Plan” proposing that Nxum oversee “strategic lobbying and a full scale public relations and media awareness campaign” for the stablecoin issuer.
The final agreement omitted references to lobbying, with Vincer’s agency, Notorious, signing the contract with Tether as an intermediary for Nxum. But Nxum was expected to perform the work: A planning document stated that “Nxum will engage all necessary parties and lead the entire process,” the Journal reported.
Bo Hines, who served as US President Donald Trump’s crypto adviser before joining Tether, allegedly maintained a one-third ownership in Nxum, an investment firm he co-founded, while advocating for stablecoin legislation in Washington. The Wall Street Journal reported that Nxum profited from a $6.3 million deal with Tether, the company responsible for the leading USDt (USDT) stablecoin, as the US Congress moved forward with regulating digital assets.
Stablecoin bill and Tether connectionsThe GENIUS Act, officially known as the Guiding and Establishing National Innovation for US Stablecoins Act, was under consideration as Hines pushed lawmakers to support stablecoin rules. According to reports, Nxum received its first payment from Tether while Hines was actively working at the White House.
While serving as a crypto adviser, Hines reportedly used the Signal messaging app to keep Nxum partners updated on the GENIUS Act’s progress. He also encouraged his company to portray Republican opponents of the bill as obstructing presidential policy and cooperating with industry competitors, including Coinbase and the venture capital firm a16z.
During his tenure, Hines is reported to have urged his associates to label lawmakers who resisted the bill as “undermining the president” and influenced messaging against perceived industry rivals.
In August 2025, Hines became a strategic adviser at Tether before stepping up as CEO of Tether’s US division the following month.
Allegations of personal gain from public policyThe arrangement between Hines and Tether has reignited allegations that Trump administration insiders, including the president’s family, have directly benefited from cryptocurrency legislation. Trump reportedly disclosed $1.4 billion in digital asset-related earnings in 2025, alongside millions in income for his family’s crypto company, World Liberty Financial, which issues the USD1 stablecoin.
Mini dictionary: World Liberty Financial, the Trump family’s digital assets company, is the issuer of USD1, a stablecoin reportedly involved in the president’s personal earnings from the crypto industry.
The GENIUS Act was enacted in July 2025 during a White House ceremony that included top cryptocurrency industry leaders. Trump acknowledged Hines for his involvement in the process during the signing.
Upcoming regulation and enforcementAlthough signed into law in 2025, the GENIUS Act’s provisions will not take effect until January 2027, pending final rules from US federal agencies. The law tasks the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Treasury Department with oversight responsibilities for stablecoin activity.
Tether has yet to publicly address detailed allegations about its payments to Hines and Nxum or possible conflicts of interest.
Crypto industry’s revolving doorThe trend of top policymakers moving into key roles within the digital asset industry continues. In addition to Hines’s move to Tether, Summer Mersinger, a previous commissioner at the US Commodity Futures Trading Commission (CFTC), resigned several years ahead of her term’s conclusion to become the CEO of the Blockchain Association, a group advocating for pro-crypto policy in Washington.
Solidus Labs, a fintech and crypto compliance company, announced on Wednesday that Kevin Webb, former CFTC senior counsel and adviser to Commissioner Brian Quintenz, will be joining as vice president of policy. This follows the 2022 move by former CFTC Commissioner Dawn Stump to Solidus as a strategic adviser.
This pattern reinforces concerns about the so-called “revolving door” between regulatory agencies and the cryptocurrency sector.
The continued hiring of former regulators and advisers by major crypto firms, including Tether and Solidus Labs, has fueled debate about the influence of digital asset companies in shaping US policy.
Tether [USDT] doesn’t usually stay out of the headlines for too long. This time, the story involves a former White House official.
What do we know?
Per exclusive reportage from WSJ, Tether sent about $6.3 million to a consulting firm called Nxum. Bo Hines co-founded it, and he owned a third of it the whole time he was in government. Research is based on internal documents and payment records.
They shook hands in the summer of 2025.
The first payment was, reportedly, while Hines was still at the White House. He was working as the executive director of its digital assets council, which was from January to August 2025.
Source: X Where it gets interesting is that it was the same time that Hines was pushing for the GENIUS Act, which was eventually signed into law in July 2025.
Funnily enough, the biggest stablecoin issuer in the market is Tether, with USDT. That’s direct business involvement.
Things moved fast from there, as Hines quit the White House in August, then joined Tether as an advisor soon after.
And by September, he was running their American operations!
Nxum denies the conflict allegations They firmly stated that Hines had nothing to do with Tether while he was in government.
Nxum representatives say that Hines’ policy push took place when he wasn’t active in Nxum’s day-to-day.
So while he owned a piece of the entity, he didn’t run it.
Will that be enough? That’s hard to say.
The whole idea behind the GENIUS Act was that it would provide credibility to the asset class. This puts us two steps back. Right now, Tether is trying to grow in the US under the exact rules Hines worked for.
He’s leading that push as well.
Final Summary Tether paid about $6.3 million to Bo Hines’ Nxum, while he worked at the White House. Nxum has denied any considerable involvement with Tether while Hines was with the government.
Binance bStocks, tokenized US stocks and ETFs backed 1:1, passed $1 billion in assets under management about four months after launching on BNB Chain, with $40 billion in trading volume.
@bstocksfinance, the Binance tokens backed 1:1 by US-listed stocks and ETFs, have passed $1 billion in assets under management (AUM) about four months after their June 11 launch. @binance describes bStocks as the fastest tokenized equity product to reach that mark. Binance's announcement cites on-chain data from Dune Research as of October 15.
Growth since the June launchAccording to the same release, cumulative trading volume has topped $40 billion since launch, averaging more than $300 million a day. The lineup has grown from five tokens at launch to nearly 100 listings. Users have also converted $6 billion between direct stock positions and bStocks at 1:1 parity.
The launch lineup was small. Blockchain.News reported that the first five names were Circle, Micron, NVIDIA, Sandisk and Tesla. The product has moved quickly since. Binance said on July 29 that bStocks had reached $500 million in AUM and more than 46 listings, per Blockchain.News, meaning AUM doubled in under three months.
How bStocks workbStocks are tokenized representations of US-listed stocks and ETFs. Crypto Briefing reports that each token is a BEP-20 asset on BNB Chain, issued by BTech Holdings Limited, a Binance affiliate, and backed 1:1 by underlying US shares held with regulated custodians. Binance says each token redeems into the underlying security itself, not just its cash value.
Holders can trade around the clock, move tokens to self-custody wallets and use them in supported DeFi applications. Binance said in its release that borrowing against deposited bStocks collateral rose to 46.2% by September 10, from 5.5% at the end of June.
There are limits. Binance has said bStocks are certificates representing financial instruments, not direct ownership of the underlying shares. They are not offered in the United States or to US persons, and they carry market, liquidity, custody, regulatory and smart-contract risks, according to Blockchain.News.
The milestone comes as tokenized equities grow across the industry. BigGo Finance reported in August that bStocks had become the second-largest tokenized stock issuer by market capitalization, behind Ondo Finance.
Sources
PR Newswire: Binance's bStocks become the fastest tokenized equity product to surpass $1 billion in AUMBlockchain.News: Binance says bStocks tops $1B AUMCrypto Briefing: bStocks crosses $1 billion in assets
MAJURO, Marshall Islands, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Remittix is counting down to the November 24, 2026 launch of RTX as PayFi testing, wallet adoption and its wider financial ecosystem advance toward the project’s first public-market cycle.
RTX is currently available at $0.28 through Remittix, while $0.46 is the announced final presale tier and planned minimum exchange launch price. The fixed date gives buyers a defined remaining window before market trading begins.
The countdown arrives as Sui’s Samsung Wallet partnership supports a bullish $10 SUI forecast and BNB Chain’s expansion into AI-agent marketplaces revives a $1,500 BNB price prediction. Both developments show how crypto networks are competing to capture consumer activity through easier interfaces and new financial applications.
November 24 Places RTX on a Visible Launch Timeline
Remittix has raised more than $32 million from over 40,000 participants toward a $36 million hard cap. The project is approaching November 24 with the final allocation narrowing and a clear progression from the current $0.28 price to the announced $0.46 final tier.
The confirmed date turns the final presale phase into a countdown. RTX is preparing to enter public trading with PayFi already being tested and multiple ecosystem products moving forward.
Remittix Targets the Global Remittance Market Through PayFi
PayFi is the primary Remittix proposition. The platform is designed to let users fund eligible transfers using supported cryptocurrency while recipients receive fiat through compatible bank accounts.
One thousand invited holders can test crypto-to-fiat and fiat-to-crypto routes using EUR and USD. USDT and USDC are supported across Ethereum, Celo, Base and Polygon, with additional currencies, assets and networks planned.
The connected Remittix product suite adds an iOS wallet with over 10,000 downloads, a live Markets platform with more than $50 million in perpetual volume and Remittix Earn, which is approaching release with advertised yields of up to 22% APY.
Sui Price Prediction Targets $10 as BNB Eyes $1,500
Samsung Wallet is integrating USDC on Sui, placing the network’s stablecoin infrastructure within reach of 82 million compatible Galaxy devices in the United States. SUI recently traded near $1, making $10 an ambitious tenfold target. The partnership strengthens the case for Sui as a consumer payment rail with mainstream distribution.
BNB Chain is expanding its AI ecosystem through Set and Earn, a campaign connecting users with nine shortlisted AI-agent marketplaces. BNB recently traded near $720, placing a $1,500 forecast slightly above double its current level. Continued growth in agents, stablecoin payments and onchain applications could supply the activity required for that rerating.
Remittix Offers an Earlier Entry Into the Payments Race
Sui is pursuing mobile stablecoin distribution, while BNB Chain is building around applications, agents and onchain payments. Remittix enters the same adoption race from an earlier stage with crypto-to-bank utility as its central product.
The $0.28 entry, planned $0.46 minimum launch price and November 24 debut give RTX three clear pre-launch markers. With PayFi testing active and the wider ecosystem already producing wallet and trading activity, Remittix is approaching launch with more than a token narrative behind it.
About Remittix
Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.
Media Contact
Company: Remittix
Email: [email protected]
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In briefBitcoin (BTC): Bitcoin is testing $80,000 and the 50-day average near $80,300, and a daily close below that line would be the first warning that the uptrend is weakening.Binance Coin (BNB): BNB trades near $717 and is close to its key $700 support, with sellers in control after an approximately 11% drop from the $810 high.Hyperliquid (HYPE): HYPE trades near $77.80 just above its 100-day average at $77, and a daily close below $75 would put the August rally at risk.Cardano (ADA): ADA trades near $0.219 and sits on its 100-day line near $0.220, with sellers holding the edge until it can reclaim $0.230.Bitcoin (BTC) Tests the $80,000 MarkBitcoin is testing the $80,000 mark once more after a gradual slide from its recent high. The price trades near $80,100, down approximately 1.8% on the day. The daily low touched exactly $80,000, and buyers stepped in there, but the bounce has been weak.
This drop comes after a strong run. Bitcoin rose from approximately $63,000 in August to nearly $87,500 in late September. It failed to break higher in early October and has now given back roughly 8% from that peak. The chart shows a series of lower highs since then, which is a sign that sellers have become more active.
BTC/USDT Chart by TradingViewThe price now sits right at the 50-day moving average, the blue line near $80,300. This line has held the trend since the August breakout, so it matters a lot. Bitcoin has already slipped below the shorter averages, which now sit just above at approximately $81,200 and $82,400.
HOT Stories
If that happens, the next area to watch is $77,000 to $78,000. That zone held as support in September, and the 100-day average near $76,600 and the 200-day average near $75,600 sit just below it. Together they form a thick floor. A drop to this area would not damage the bigger trend, but it would erase most of the recent gains.
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Trading volume also tells a quiet story. Recent red candles have not come with heavy volume, so this looks more like gradual selling than panic. That is good for bulls, but it also means buyers are not showing strong interest yet. A real bounce typically needs a clear jump in volume.
For bulls, the task is simple. Bitcoin needs to hold $80,000 and climb back above $82,400, where the shorter averages are stacked. That would turn the recent dip into a normal pullback. Clearing $84,000 could then open the way back toward the $87,500 high. For bears, a break below $80,000 on rising volume could pull the price toward $77,000 within days. The next few daily closes should set the direction.
Binance Coin (BNB) Hovers Just Above $700BNB is down approximately 1.2% on the day and trades near $717. The price reached a low of $708.89 earlier before buyers pushed it back up a little. Even so, the coin remains under pressure and is now near a key test.
BNB had a strong summer. It climbed from approximately $540 in late June to a high near $810 in early October. That is a gain of approximately 50%. Since the peak, the price has fallen approximately 11%, and the chart now shows lower highs, which points to a loss of momentum.
BNB/USDT Chart by TradingViewThe short-term picture has turned weaker. BNB has dropped below its shorter moving averages, which now sit between $733 and $750 and act as resistance. The RSI has slid to approximately 38, which indicates sellers are in control, but the coin is not yet oversold.
The most important level now is $700. The 100-day moving average, the orange line, sits right there at approximately $700, and the price is only 2.5% above it. Just below, the 200-day average near $686 offers a second layer of support. Both lines are rising, which has helped hold the trend together since August. Volume data on this chart is thin, so it is hard to judge how strong the selling is.
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What is clear is the pattern of price. September lows near $705 were bought quickly, and today's low of $708.89 sits almost at the same line. If buyers defend this area again, it might form a solid base. A bounce would first need a move back above $735, where the main moving averages are bunched together.
That would show that dip buyers are still active. A push over $750 would then put BNB back in a healthy uptrend, with $780 as the next target and the $810 high after that.
The risk is on the other side. A daily close below $700 would break the 100-day line and possibly send the price toward $686, and perhaps $660 if selling speeds up. That would wipe out much of the August and September rally. Bulls need to hold $700.
Hyperliquid (HYPE) Tests Key Support Near $77Hyperliquid is under pressure. HYPE trades near $77.80, down approximately 4% on the day. The daily candle opened at $80.85 and fell to a low of $77.56. The drop is part of a larger pullback.
HYPE/USDT Chart by TradingViewHYPE rose from approximately $51 in early August to a high near $98 in late September. That is a gain of nearly 90% within months. Since then, the price has lost approximately 20%, and every bounce has stopped at a lower level than the last one. The coin has now fallen below its 50-day moving average, the blue line near $83. It also sits below the shorter averages around $84 to $86, which now work as resistance. The RSI is near 38, so momentum is weak, but the coin is not yet oversold.
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The key level is $77, where the 100-day moving average, the orange line, sits. HYPE is only approximately 1% above it. This line has supported the trend since the August bounce, and a mid-September dip near $75 also held. So buyers have a clear area to defend between $75 and $77.
Volume is a good sign for bulls. It has been shrinking during this drop, which means that sellers are not rushing out. But volume is also low on bounces, so buyers are not rushing in either. If $75 breaks on a daily close, the next real support is the 200-day line near $64.50. That would mean a drop of approximately 17% from here and would put the entire August rally at risk. Between those levels, there is little to stop the price.
For a recovery, HYPE should first get back above $83. That would take it over the blue line and show that dip buyers are active. After that, $86 and then $90 are the next hurdles. A new high above $98 looks far away for now. The larger trend is still up, but the short term belongs to sellers.
Cardano (ADA) Slips Toward the 100-Day LineCardano is losing ground fast. ADA trades near $0.219, down approximately 5% on the day. The daily candle opened at $0.2303 and touched a low of $0.2159 before buyers stepped in.
This drop follows a solid recovery. ADA climbed from approximately $0.14 in June to a high near $0.282 in early October, a gain of approximately 100%. Since that peak, it has lost approximately 22%.
ADA/USDT Chart by TradingViewThe chart shows why the rally stalled. ADA failed several times to close above the 200-day moving average, the black line near $0.241. Each attempt in late September and early October ended with a sharp drop. That line is now the main wall for buyers. Today's fall also pushed the price through the 50-day line at $0.230 and onto the 100-day line, the orange one, near $0.220. This is the last support before the lower area.
The RSI is near 40, which indicates weak momentum but still some room to fall before the coin is oversold. Volume is moderate. It rose during the early October sell-off, but it is not at panic levels. That suggests holders are not dumping, although buyers are also not showing strength. A strong bounce would need volume to rise on green days.
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Cardano is also moving with the broader market. Bitcoin is near $80,000 and also under pressure, so this looks like a broad pullback and not a Cardano-specific problem. If Bitcoin holds $80,000, ADA has a better chance to defend its support. If the 100-day line breaks on a daily close, the next target is $0.200, a round level where ADA bounced in September. Below it, $0.190 is the next floor, which could erase most of the recent rally.
For bulls, the primary mission is to reclaim $0.230. That would put the price back above the blue line and calm the market. A real change in trend needs a close above $0.241, and after that $0.260 becomes the next target. For now, sellers have the edge. ADA should hold the $0.215 to $0.220 area to keep the recovery alive and avoid a far deeper slide.
Chainlink’s Data Feeds and Data Streams have gone live on the Stellar network, supplying developers with the external market information required to build lending platforms, prediction markets, perpetual futures, and related on-chain financial tools.
Simply moving assets onto a blockchain is only an initial step. Those assets must also be priced accurately, traded efficiently, borrowed against, and accepted as collateral.
The current phase of development centers on increasing utility and broader distribution.
By supplying industry-standard data services, Chainlink enables more of the value already resident on Stellar to be put to productive use in a secure and dependable manner.
With reliable pricing data available natively, stablecoins, tokenized equities, and other digital assets on Stellar can serve as collateral or tradable instruments within a more active DeFi environment.
This expands the ways participants can deploy capital.
Removing a longstanding obstacle to application development allows builders to create the markets needed to attract additional users and liquidity, forming a growth engine for the network.
Improving the usefulness of assets represents the logical next stage after issuance.
Developers now gain access to the same oracle infrastructure that underpins the large majority of existing DeFi activity and has supported tens of trillions of dollars in on-chain transaction value.
The launch fulfills earlier commitments under the Chainlink Scale program, through which the Stellar Development Foundation is helping cover costs so that builders can obtain high-quality, enterprise-grade data services more affordably.
Several applications within the Stellar ecosystem have begun using the newly available data at launch.
These deployments support essential operations such as processing collateral, calculating loan-to-value ratios, executing automated liquidations, and establishing reference rates for stablecoins.
Johann Eid, Chief Business Officer at Chainlink Labs, stated that Stellar’s adoption of Chainlink as its data infrastructure opens the door to a new generation of DeFi and tokenized asset applications.
With Data Feeds and Data Streams available natively, he noted, developers receive the high-quality, reliable market data necessary to construct secure lending markets, stablecoins, and tokenized assets and to expand them for wider use.
Raja Chakravorti, Chief Business Officer of the Stellar Development Foundation, observed that tokenization itself is merely the starting point. For on-chain financial markets to function at institutional scale, assets require dependable systems for pricing, execution, and movement.
Chainlink’s oracle services strengthen that foundation by furnishing the data and connectivity developers need to create next-generation financial applications on Stellar.
As these components advance together, the focus shifts from merely issuing assets on-chain to actively putting them to work.
The integration builds on Stellar’s October 2025 decision to join the Chainlink Scale program, which encompasses data services and cross-chain interoperability tools.
Stellar, designed for payments, asset issuance, and financial services with low fees and rapid settlement, has long facilitated the tokenization of instruments such as funds and treasuries by regulated institutions.
Reliable market data now supplies a missing piece that lets those tokenized holdings participate more fully in lending, trading, and collateralized applications.
By equipping Soroban smart contracts with verifiable price information, the arrangement reduces the risk of misvaluation or reliance on stale data—risks that can cascade through automated liquidations or incorrect collateral assessments.
Data Feeds support standard pricing needs, while Data Streams offer lower-latency updates suited to higher-frequency trading or derivatives use cases. Together they position Stellar’s RWA holdings for greater productive deployment across DeFi protocols.
Circle's EU issuer will report to the EBA instead of France's ACPR on reserves and liquidity from Nov. 12, after the agency made USDC the first e-money token to cross MiCA's significance bar.
The European Banking Authority has classified USDC as the first significant e-money token under MiCA
Posted October 15, 2026 at 12:38 pm ET.
Circle’s European USDC issuer will answer to the European Banking Authority (EBA) on reserves, liquidity and capital from Nov. 12, after the regulator deemed the dollar stablecoin a significant e-money token under MiCA, Europe’s Markets in Crypto-Assets Regulation.
The EBA disclosed the decision on Oct. 14. According to the agency, 45 e-money tokens (EMTs) have been notified under MiCA across the bloc, and “USDC is the first one to be classified as being significant.”
The release did not say which of MiCA’s significance criteria USDC met, and it gave no figures on the token’s size. The EBA reviews each classification once a year.
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Who Oversees What
Circle’s European arm, Circle Internet Financial Europe SAS, is the token’s EU issuer and holds an electronic money institution license from France’s banking and insurance supervisor, Autorité de Contrôle Prudentiel et de Résolution, known as the ACPR. Circle, which went public in June 2025, said in July 2024 that the French license made it the first global stablecoin issuer to comply with MiCA.
Under the “dual supervision” MiCA sets for significant EMTs, the EBA will take charge of the issuer’s capital requirements, its asset reserve, its liquidity, and its plans for recovery and redemption. The ACPR keeps oversight of governance, qualifying holdings, fit-and-proper checks, outsourcing and conflicts of interest. The EBA said in its release that the two supervisors “will work closely together to ensure a smooth transition and effective supervisory cooperation.”
In the U.S., USDC is issued by Circle Internet Financial, LLC. The EBA also cited a memorandum of understanding it signed with the New York State Department of Financial Services, made public in June, for sharing information on cross-border stablecoin activity.
Circle’s Push on Reserve Rules
The decision comes two weeks after Circle filed its response to the European Commission’s review of MiCA. In that Oct. 1 post, Circle wrote that MiCA requires EMT issuers to hold at least 30% of reserves as commercial bank deposits, a floor that rises to 60% for issuers of significant tokens.
Circle said the deposit rule “increases exposure to the credit and counterparty risk of the banking sector,” and backed swapping it for a looser liquidity standard.
The EBA’s release did not address the deposit requirement. Circle had not published a statement on the classification as of publication.
Related Listen: DEX in the City: Why the Supreme Court’s FTC Ruling Could Rewire Crypto Regulation
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.
Mastercard has introduced the Global Money Platform, a new service designed to help businesses integrate stablecoin payments into traditional banking and card systems. This launch marks a significant milestone as it allows companies to access digital currency services without the need to build their own payment infrastructure.
Platform details and partnershipsThe Global Money Platform is Mastercard’s first significant collaboration with BVNK, following the company’s acquisition of BVNK in August. By leveraging this platform, businesses are now able to hold and convert between fiat currencies and stablecoins. Additionally, the system enables firms to issue stablecoin-linked cards and make payments directly from stablecoin balances to local bank accounts.
The platform is fully integrated with Mastercard Move, the company’s global money transfer network. Mastercard Move can deliver payments to over 17 billion endpoints, covering both bank accounts and cards worldwide. The integration links stablecoin assets to Mastercard’s extensive merchant network, making it possible for customers to spend their stablecoins at traditional merchants using payment cards.
Nuvei, Marqeta, and a selection of other leading financial technology companies have been named among the platform’s early integration partners.
Strategic impact and industry competitionThis initiative extends Mastercard’s presence in the digital asset sector, moving beyond simple payment processing to offering essential infrastructure for financial institutions. Companies can now develop and distribute stablecoin services using their own brands while relying on Mastercard’s underlying technology.
Through this move, Mastercard positions itself in direct competition with Visa, which launched a similar platform in July. Visa’s offering allows financial institutions to hold, mint, and transfer stablecoins, intensifying the rivalry between the payment industry giants.
Stablecoin market trendsRecent research by Standard Chartered indicates a rise in stablecoin transaction volumes, even though the overall circulating supply of the largest tokens, including USDt and USDC, has shown little growth over the year.
Standard Chartered reports a surge in stablecoin transaction activity, despite USDt and USDC maintaining relatively stable circulating supplies throughout the year.
As the stablecoin landscape evolves rapidly, technical developments such as streamlined payment routes and on-chain-to-bank account transfers are gaining relevance. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Visa moved its stablecoin payment capabilities from pilot programs into commercial production on October 15, 2026, letting businesses prefund cross-border payouts through Visa Direct using USDC in near real time. Payments infrastructure provider Inyo Global is the first enabler of the offering, according to Visa’s announcement.
The shift takes Visa’s stablecoin strategy from testing into live commercial operations, giving money transmitters, fintechs, banks and payment businesses a new way to fund international payouts outside traditional banking funding windows. It also marks the first time Visa has moved a stablecoin product into live commercial use on the Visa Direct rail.
From Pilot to Production Visa introduced two stablecoin pilot programs through Visa Direct in 2025: a prefunding pilot and a payout pilot. The prefunding test explored letting clients supply USDC to back their own Visa Direct activity, while the payout test explored settling funds to recipients on stablecoin rails. Both demonstrated how the assets could support cross-border funding, liquidity management and global money movement.
Those pilots now move into real-world commercial operations, with Inyo Global integrating the prefunding capability into its platform as the first enabler. Through a single connection, Inyo’s platform lets businesses onboard users, manage fraud and compliance, accept payments, and send domestic and international payouts across more than 180 countries, powered by Visa Direct. Clients can now prefund those payouts with USDC around the clock instead of relying only on traditional funding windows.
What Visa’s Stablecoin Payments Actually Do The new capability targets the way businesses fund cross-border payouts. Rather than waiting for traditional banking funding windows, an Inyo client can move USDC to prefund a Visa Direct payout in near real time, then settle in local currency on the receiving end. Visa frames this as a liquidity and money-movement tool for payment businesses, not a consumer product.
“The next chapter for stablecoins is adoption,” said Vira Platonova, Global Head of Visa Direct, adding that years of partner pilots are now translating into live implementations. Visa’s earlier stablecoin work includes adding settlement partners to its Visa Direct stablecoin network and connecting onchain lending to stablecoin card financing.
What It Means for Stablecoin Adoption The production launch is a step in Visa’s broader push to make stablecoins usable in everyday payment infrastructure, moving the assets from experimental pilots toward a standard way to fund cross-border payouts. Inyo Global co-founder Robson Dantas said the integration gives money transmitters and fintechs “a new way to fund their payouts, one that is available around the clock” through the same Inyo APIs they already use.
Visa said it is working with clients and partners to bring stablecoin-enabled capabilities to additional money-movement use cases around the world, signaling that more enablers beyond Inyo Global are likely to follow. The rollout gives the stablecoin sector a concrete production use case from a major payment network, a sign that dollar-backed tokens are shifting from speculation toward operational settlement infrastructure. The announcement does not state how much volume is expected to move through the new channel or when additional partners will go live.
Frequently Asked Questions What did Visa announce about stablecoins? Visa moved its Visa Direct stablecoin capabilities from pilot to commercial production on October 15, 2026, with payments infrastructure provider Inyo Global as the first enabler.
What can businesses do with Visa’s stablecoin payments? They can prefund cross-border payouts through Visa Direct using USDC in near real time, instead of relying only on traditional banking funding windows.
Who is Inyo Global? Inyo Global is a payments infrastructure provider serving money transmitters, fintechs, banks and payment businesses; its platform handles onboarding, fraud and compliance, and payouts across more than 180 countries.
Does this change how consumers pay? The announcement focuses on business-to-business money movement for companies that run cross-border payouts through Visa Direct, and does not introduce a consumer-facing product.
Will more partners join? Visa said it is working with clients and partners to bring stablecoin-enabled capabilities to more use cases, but did not name additional enablers or a timeline.
AUTHOR
Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
The European Banking Authority (EBA) recently named USD coin [USDC] as the first major e-money token in the European Union under MiCA.
According to the EBA, the decision has introduced tighter regulations on Circle’s stablecoin. This includes the introduction of new supervisory rules from the 12th of November 2026. Thereafter, EBA will be monitoring Circle’s capital, reserves, liquidity, and redemption guarantees.
On the other hand, Circle’s governance and operational activities will still fall within France’s ACPR.
EBA.europa
The EBA stated that Circle must meet several key elements. This includes holding at least 60% of USDC reserves in segregated bank accounts.
Previously, non-significant issuers had to keep only 30% or more of their stablecoin reserves in segregated bank accounts. These additional requirements have significantly increased Circle’s compliance obligations.
Additionally, the close relationship that the EBA has developed with New York State Regulators supports the regulation of Circle’s operations.
Ultimately, the designation could reinforce USDC’s role in regulated European payments. This is if Circle meets the stricter requirements without disrupting liquidity or redemption access.
Circle CCTP expands beyond USDC
The Circle’s regulatory reach is mirrored by Circle’s efforts to increase the uses for which it can provide service via its cross-blockchain network. Its Cross Chain Transfer Protocol (CCTP) has now moved over $100 million in non-USDC assets using CirBTC, EURC, and WETH.
This represents Circle’s ability to take the same transfer system used on one blockchain network and expand it to other networks as well.
This expansion of the number of supported assets was initiated by EURC being added in September and then adding CirBTC in late September, which accelerated the process.
Source: X
Continued growth in terms of sustained monthly increases in use and acceptance of the CCTP across destination blockchains.
Euro stablecoins struggle for market share
Despite numerous attempts to increase the utilization of Euro-Pegged Stablecoins, they remain a relatively small percentage of the digital asset market.
Notably, their share reached just 0.25% of combined euro and dollar stablecoin supply by October 2026, fluctuating between 0.15% and 0.27% since January 2024.
This limited growth highlights the challenge of attracting demand beyond established dollar-based markets. Currently, Euro stablecoins stand at $768 million. This shadows the $306.5 billion figure for dollar-pegged tokens.
Source: Blockworks
However, Qivalis, a consortium of 37 European banks, was granted an e-money license to issue a Euro stablecoin. Their distribution networks could help attract users and businesses.
The ultimate test for Euro Stablecoins will come down to user and business adoption across various platforms, including on-chain trading, lending, and payments.
Final Summary
USD Coin faces stricter EU oversight due to Circle’s expanding regulated stablecoin footprint.
USDC expands its utility as a cross-chain system, while Euro Stablecoins face challenges competing against dollar dominance.
Spot Zcash ETFs recorded their first daily net inflow since September 22, taking in $3.68 million on October 14, but weekly flows remain negative.
Spot Zcash ($ZEC) exchange-traded funds have recorded their first daily net inflow since September 22, a possible sign that investor demand for the privacy coin is returning after a weak stretch.
On October 14, the products took in $3.68 million, according to a Tokenpost report carried by Pluang. The same report said Zcash ETFs were the larger of two inflow stories that day, ahead of XRP funds, which drew $740,400. It also put Zcash ETF net assets at $645 million, with $179 million in cumulative inflows.
Weekly flows still negativeThe inflow is not large enough to turn the week positive. The funds would need strong sessions on Thursday and Friday to avoid a third consecutive week of net outflows.
The market backdrop has been uneven. Invezz reported on October 14 that ZEC was trading around $1,264 after gains on Tuesday and Wednesday, but that persistent withdrawals from Grayscale's Zcash fund were still weighing on demand. A later KuCoin market note said ZEC fell below $1,115 on Thursday, with macro pressure outweighing the isolated ETF inflow.
Background on the Zcash ETFThe main product is Grayscale's The Zcash ETF (ticker ZCSH). According to a Grayscale filing with the SEC, the fund launched on NYSE Arca on August 25, 2026, and its assets under management passed $500 million by September 8. The same filing said ZCSH was the only exchange-traded product offering spot exposure to ZEC at the time. It also noted that an investment in the fund is not a direct investment in ZEC.
ZCSH converted from the Grayscale Zcash Trust, which had traded over the counter. Its prospectus shows the trust historically traded at large premiums and discounts to the value of its holdings, a gap that the ETF structure is designed to narrow through share creation and redemption.
For now, a single day of inflows after weeks of weakness is a modest data point. Whether it marks a shift in sentiment will depend on flows over the coming sessions and on broader market conditions.
Sources
Pluang/Tokenpost: U.S. XRP and Zcash ETFs see $4.42M net inflows on Oct 14SEC filing: The Zcash ETF (ZCSH) press release, Form 8-KInvezz: Zcash jumps 6% in two days despite fresh Grayscale outflows
Fortitude Mining Holdings has pushed its Zcash hashrate past 5.0 GSol/s, a milestone the company reached as of October 15, 2026.
The goal is ambitious: Fortitude wants to cement its position as the largest vertically integrated Zcash mining platform.
The jump came quickly. Earlier in October, the company’s hashrate sat at approximately 4.7 GSol/s.
What 5 GSol/s actually means Zcash runs on an algorithm called Equihash, so its hashrate is measured in “solutions per second” rather than the hashes per second Bitcoin miners talk about. A GSol/s is one billion of those solutions every second.
Fortitude’s slice of the Zcash pie is already substantial. In the first half of 2026, the company mined 72,696 ZEC, which works out to roughly 28% of network production over that period.
The operation runs across seven US sites with over 60 MW of power capacity under contract.
The Bitmain shopping spree In July 2026, the company placed an order for 9,000 Bitmain Antminer Z15 Pro miners. The price tag was about $31.5 million.
Those machines are expected to add 7.56 GSol/s to Fortitude’s fleet. The company projects that the order will lift capacity by 145%, taking its total to approximately 12.8 GSol/s.
In October 2026, Fortitude signed a letter of intent with Bitmain covering up to $100 million in next-generation mining equipment.
The commitment is non-binding. The planned $20 million refundable deposit for that deal is set to be paid in ZEC, rather than dollars.
The Hut 8 connection and the road to TUDE Fortitude is led by CEO Jaime Leverton, who previously ran Hut 8.
The company is preparing for a listing under the proposed ticker TUDE.
Alongside the listing preparation, Fortitude has been upsizing its credit facility and gearing up for acquisitions.
What this means for Zcash and investors A single operator producing around 28% of network output in the first half of the year is meaningful, and planned expansion could push that share higher if competitors do not keep pace.
The July order is expected to deliver a 145% capacity increase. Delivery timing, installation, and power availability all have to line up for those projections to become reality.
The Bitmain letter of intent carries even more uncertainty. Up to $100 million is a headline-friendly number, but a non-binding agreement can shrink, shift, or disappear before money changes hands.
The items to watch from here: whether the Z15 Pro fleet comes online and lifts hashrate toward the approximately 12.8 GSol/s target, whether the Bitmain letter of intent converts into a binding order, and how the TUDE listing and any acquisitions reshape the company’s balance sheet.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Zcash cofounder Eli Ben-Sasson renewed his optimistic outlook for the ZEC token, suggesting in a recent X post that a $2,000 price target is a “no-brainer” and projecting a potential climb to $5,000 over the long term. Ben-Sasson’s remarks addressed possible scenarios for ZEC in 2026.
Zcash recent price actionZcash, a privacy-focused cryptocurrency designed to provide anonymous transactions, surged to $1,696 on September 26, reaching its highest point in months after a sustained rally. However, the price has since lost momentum. As of the latest data, ZEC traded at $1,098, reflecting a decline of 10.23% over the past 24 hours. The broader crypto market experienced widespread selling following new inflation data that spurred concerns about potential Federal Reserve interest rate hikes this month.
To reach Ben-Sasson’s $2,000 target, ZEC would need to increase by more than 82% from its current price. The path forward may prove challenging if current market headwinds persist.
Technical levels and market sentimentThe recent pullback pushed Zcash below its daily MA 50, a moving average that had previously supported price increases during August 2026. Regaining this technical level could encourage bullish traders to drive the price higher and test resistance in the $1,300 to $1,400 range, with further upside toward $1,700 and potentially $2,000 if momentum continues.
Zcash needs to reclaim key technical support before bulls can attempt a rally toward $1,700 and $2,000.
Santiment analytics reported that ZEC gained approximately 48% between September 15 and September 26, 2026. However, by October 14, the token had lost nearly all those gains.
During this period, open interest in ZEC peaked at 1.60 million coins. By October 14, open interest had fallen by 2.5% compared to mid-September. Social volume also dropped significantly, with a high of 671 ZEC mentions during the rally, falling to just 50 on October 14, marking the quietest day since September 2. Despite the declining attention and reduced leverage, ZEC rose past $1,650 during the rally.
DateZEC PriceOpen InterestSocial MentionsSep 15, 2026~$1,1461.60 million ZEC–Sep 26, 2026$1,696 (peak)–671Oct 14, 2026~$1,0982.5% below Sep 1550 (quietest since Sep 2)Upgrade and market outlookA mainnet decision on the Zcash NU7 upgrade is expected on October 20, 2026. Despite this upcoming event, social dominance statistics for ZEC are at their lowest since early September, indicating subdued interest from the online community.
Eli Ben-Sasson’s bullish forecast keeps a spotlight on ZEC, though the market awaits further catalyst events and technical confirmation to support a renewed rally.
Mini dictionary: NU7 upgrade, the next major protocol update for Zcash, aims to implement technical improvements to enhance privacy, efficiency, and network functionality. Each upgrade on the Zcash network is designated “Network Upgrade” followed by a sequential number. NU7 is scheduled for a mainnet activation decision in October 2026.
Online metrics show declining social buzz around Zcash, even during rapid price movement, as open interest also recedes since last month’s peak.
Zcash price prediction just got trickier. ZEC surged roughly 48% between September 15 and September 26, then surrendered nearly all those gains by October 14. Now, with the NU7 upgrade’s mainnet decision scheduled for October 20, attention has faded just as the next catalyst approaches.
ZEC’s Rally Lost Steam After SeptemberZEC’s daily closing price peaked at $1,650 on September 26. By October 14, it had fallen around 30% from that high, closing at $1,145 only about 3% above its September 15 starting point.
That’s a dramatic round trip. The rally looked impressive on the way up, but the latest figures show how little of that move remained. Anyone treating the September surge as a durable breakout has a tougher chart to defend now.
Open Interest and Social Buzz Peaked Earlier$ZEC ran about 48% from Sep 15 to Sep 26 and had handed back nearly all of it by Oct 14. Santiment data shows open interest in coins peaked first on Sep 17, then social volume on Sep 18, and finally the daily price close on Sep 26. The $1,145 close on Oct 14 sat about 3% above… pic.twitter.com/Ub3oxmfBRv
— Santiment Intelligence (@SantimentData) October 15, 2026 Santiment data shows open interest in coins peaked first, reaching 1.60 million ZEC on September 17. Social volume followed on September 18, topping out at 671 mentions. Price didn’t reach its closing high until September 26.
In other words, leverage and online attention peaked before the market did. ZEC continued climbing even as both measures had moved past their highs. By October 14, open interest was 2.5% below its September 15 level, while social volume had dropped to just 50 mentions, the quietest reading since September 2.
NU7 Decision Arrives as Attention FadesThe upcoming Zcash NU7 mainnet decision is now the next date to watch. It lands on October 20, with social volume at its lowest point since early September.
That doesn’t automatically mean a rebound is coming. Nor does weak attention prove another decline is inevitable. The immediate question is whether the upgrade decision changes market interest after ZEC gave back almost the entire rally.
For now, the Zcash price prediction hinges on whether the NU7 decision can revive attention and price momentum or whether September’s surge remains a short-lived move that failed to hold.
Story Ends Here
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People can send shielded Zcash using names such as alice instead of copying long addresses or scanning QR codes, bringing private peer-to-peer payments closer to the experience of payment apps.
HOUSTON, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Zcash Names opens Early Access today, giving people who reserved names the first opportunity to register them and use names such as alice instead of long Zcash addresses.
A Zcash name makes sending private digital money more like sending money to a username in a payment app. A sender can enter a name in their Zcash wallet instead of copying a long address or scanning a QR code.
Payments use Zcash's shielded system, allowing the name to be shared publicly while keeping the sender, receiver, and amount hidden from public view on the blockchain.
Zcash Names is intended to close one of the usability gaps between cryptocurrency and payment apps while allowing peer-to-peer payments without a financial intermediary.
Fourteen wallets, explorers, and other apps, including Cake, Edge, Noir, and Zingo, integrated Zcash Names during earlier beta releases. A name can be used across participating apps rather than being tied to one wallet. An SDK is available to support integrations, and an explorer lets people resolve names to addresses and view the history of a name.
Early Access and Registration
Early Access begins October 15, 2026, at 12:00 p.m. Eastern for people who reserved a name.
Reservations cost 0.005 ZEC and provide access to the registration queue. Reservations can be made until the queue closes.
Yearly registration starts at $20 for names of six characters or longer and increases for shorter names, up to $10,000 a year for a single-character name. Permanent registration costs three times the yearly price.
Open registration begins on October 30 or after all reserved participants have had an opportunity to register, whichever comes later.
As of publication, 10,802 names had been added to the waitlist since April. Of those, 973 had paid reservations since August 18.
Another 1,564 names are protected from public registration to reduce impersonation and name squatting. That group includes prominent names already registered through the Ethereum Name Service (ENS).
How Zcash Names Works
Zcash does not support general-purpose smart contracts, so Zcash Names uses Zcash transactions to record who controls a name.
When the Zcash Names registrar accepts a registration or update, it records the name's current state on Zcash, including its associated address, expiration, and a link to the previous state. Wallets use those records to determine who currently controls the name.
The name, the address it resolves to, and the history of registrations, updates, and releases are public. Payments made to a shielded Zcash address can remain shielded.
The registrar processes claims inside a trusted execution environment, a protected computing environment that restricts access to the software and data used in that process.
A Zcash-native naming system was also discussed at TOKEN2049 Singapore 2026. During "The Zcash Moment" on the OKX Main Stage on October 7, Balaji Srinivasan, founder of The Network State, said, “The next step will eventually be something like ZNS, which has all those good properties, but then has various levels of selective revelation with viewing keys." Video of the remarks is available at https://x.com/ZcashNames/status/2107811296129515548.
Logos, current waitlist figures, and more information about the design are available at https://www.zcashnames.com/press.
About Zcash Names
Zcash Names is a naming protocol for shielded Zcash addresses. It lets people use human-readable names in place of long addresses when sending Zcash through supported wallets and apps.
It succeeds ZECpages, the directory James Joseph started in 2020, and draws on ZcashMe, which lets users prove control of a Zcash address, something Zcash does not support natively. In 2026, the naming system moved on-chain.
The protocol is developed by James Joseph, Julian Abraham, and Lana Ivina. Zcash Community Grants has funded development of Zcash Names and a Zcash program at Network School.
For more information, visit: zcashnames.com
Media Contact
James Joseph, CEO/Founder
ZcashMe, Inc.
[email protected]
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The deployment launched Sept. 16 with four reserve assets. Its Forex market lets borrowers pledge EURC, which is not eligible collateral in Arc’s Main market.
The deployment launched Sept. 16 with four reserve assets. Its Forex market lets borrowers pledge EURC, which is not eligible collateral in Arc’s Main market.
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Aave V4 now lets users on Circle’s Arc network borrow dollars against euros without selling the euros first.
The feature lives in a dedicated Forex spoke, where EURC can be posted as collateral to borrow USDC.
How the Forex spoke works Aave V4 went live on Arc around September 16, 2026. It launched with a lineup of assets that includes USDC, EURC, cirBTC, and WETH.
The protocol uses a hub-and-spoke design. On Arc, the hub is called the Core Liquidity Hub. The Forex spoke draws liquidity from that hub, so euro holders can tap the same pool of dollars everyone else uses.
The key detail is risk separation. In the Main spoke, EURC has a 0% collateral factor. Euro deposits there carry no borrowing power at all.
The Forex spoke is where EURC becomes useful collateral. A user who holds euro stablecoins can borrow USDC against them and keep their euro exposure intact.
Isolating this activity in its own spoke means any trouble with EURC collateral stays contained. The Main spoke does not inherit the currency risk.
The numbers so far Data from Aave Tracker and Aavescan as of October 15, 2026, paints a picture of a deep hub and a quiet new route.
The Arc Core hub held approximately $294 million in supplied liquidity. Around $143 million of that was USDC. Borrowing in the Core hub stood at roughly $110 million.
The Forex spoke had about $68,000 supplied and about $32,000 borrowed.
The base borrow rate for the euro stablecoin is around 0.44%.
EURC is capped at 10M in the Forex spoke, a conservative limit set because secondary liquidity for the asset is limited. If liquidations ever need to happen, thin secondary markets can make unwinding positions harder, so a smaller ceiling limits the potential damage.
Why Arc, and why now Arc is Circle’s own network, and Circle issues both USDC and EURC.
The network also comes with an unusual roster of validators. BlackRock, Visa, and Mastercard are among the institutional validators securing Arc.
Aave V4 itself targets stablecoin-native and institutional use cases.
What this means For Aave, the Forex spoke is as much a test of the V4 design as it is a product launch. The hub-and-spoke model is built to let the protocol add specialized markets without exposing the whole system to each new risk.
With roughly $294 million sitting in the Core hub and only about $68,000 supplied in the Forex spoke, there is plenty of room to grow.
The 10M EURC cap is the number to watch. If supply in the Forex spoke starts approaching it, governance will face a decision about whether secondary liquidity has deepened enough to raise the limit.
A base rate around 0.44% for EURC reflects light demand, and any meaningful jump would suggest real usage is picking up.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Only 50 million tokens exist, and a scheduled 50% burn will reduce the supply to 25 million, making #SECT one of the lowest-supply tokens on the market. The token still trades on Uniswap close to its initial price of $0.10, with its liquidity locked through Team Finance. Four Sectora products have finished interfaces and are in final testing. Holders can earn 14.9% APY through a staking contract whose code is verified on Etherscan. Sectora Foundation today announced that four of its products have completed interface development and entered final testing on testnet ahead of launch. The company’s #SECT token, which serves as the token of its cybersecurity network for crypto infrastructure and tokenized assets, is available on Uniswap (SECT/USDT pair on Ethereum).
The token has a total supply of 50 million and a market capitalization of approximately $5 million. Liquidity is locked through Team Finance, the token is listed on CoinGecko, and its launch was previously announced on AP News and Benzinga.
Product Development Status
Four Sectora products have finished interfaces and are in final testing on testnet: the Sectora L3 network with its SectoraScan explorer, the Sectora DEX, the hash market, and Sectora Shield.
The team is conducting 15 tests of the network and its validators; the fourth test has been completed successfully. The SectoraScan explorer is available to the public at sectoraorg.com/sectorascan.
Security Infrastructure
Sectora develops security solutions for crypto networks and tokenized assets. Its Sectora Shield is a post-quantum security engine built on the NIST FIPS 203, 204, and 205 standards.
Additional solutions include smart contract audits, custody controls, continuous on-chain monitoring, and an asset tokenization platform.
Token Supply and Contract Details
#SECT has a total supply of 50 million tokens. A one-time burn of 50% of the supply is scheduled for March 15, 2027, which will reduce the supply to 25 million tokens. After the burn, the supply cannot increase. The smart contract is renounced, contains no mint function, charges 0% transaction fees, and has been audited by Cyberscope. In addition, 80% of every hash power purchase on the upcoming hash market will be used to buy back and burn #SECT tokens on the open market. Holder Rewards Program
Holder rewards are the first Sectora product running on Ethereum mainnet. Holders can deposit #SECT at sectoraorg.com/staking and earn 14.9% APY.
Rewards accrue every second, with no lock-up period and no withdrawal penalty. Rewards are paid from a pool of 1,490,000 #SECT that the foundation funded prior to the first deposit. The staking contract code is verified on Etherscan.
Market context
At about $5 million, #SECT’s market capitalization is a small fraction of those of established networks such as XRP (over $85 billion) and Solana (over $62 billion). Sectora’s whitepaper illustrates that if #SECT reached 1% of those valuations, its price would be $17.14 and $12.53, respectively.
This is an illustrative scenario, not a price forecast or financial advice.
The founders stated that #SECT is not a pump-and-dump token, but one designed for long-term holding. “Sectora is a long-term project, with a fixed supply, a renounced contract, locked liquidity and a public audit,” they said. “We want our community to grow alongside the project, steadily and progressively.”
Official Links
Website: https://sectoraorg.com Whitepaper: https://sectoraorg.com/docs Company registration (Illinois, file no. 18523639): https://sectoraorg.com/docs#s02 Uniswap: https://app.uniswap.org/swap?inputCurrency=0xdAC17F958D2ee523a2206206994597C13D831ec7&outputCurrency=0x8C9984B06281f1CA9416e493c2E602AaB08513db&chain=ethereum CoinGecko: https://www.coingecko.com/en/coins/sectora Audit: https://www.cyberscope.io/audits/sect Holder rewards (staking): https://sectoraorg.com/staking About Sectora Foundation
Sectora Foundation is a company registered in Illinois, United States, that develops security infrastructure for crypto networks and tokenized real-world assets, including smart contract audits, institutional custody controls, continuous on-chain monitoring, and post-quantum cryptography. #SECT is the token of its network.
Uniswap, a leading decentralized exchange (DEX) platform, is seeing a notable rise in stablecoin trading activity. According to the RWA Foundation, Uniswap recorded $91.1 million in stablecoin trading volume over the last 24 hours, positioning itself at the forefront of stablecoin-driven DEX growth within that period.
Surge in Stablecoin Volume on UniswapThe fresh trading data highlights Uniswap’s central role in decentralized finance as traders rely increasingly on stablecoin pools for seamless swaps between cryptocurrencies and dollar-pegged assets. As liquidity providers and traders seek to minimize volatility, stablecoins continue to serve as a backbone for DEX operations.
The reported increase in volume reflects strong participation but does not automatically signal a parallel rise in protocol revenue or in demand for Uniswap’s native token, UNI. Analysts suggest that a full evaluation of the trend requires monitoring trading activity beyond the 24-hour window to establish whether it marks a sustained shift or just a temporary surge.
Uniswap’s platform, which allows permissionless trading of ERC-20 assets, has become a key venue for stablecoin liquidity. This dynamic is particularly notable amid increased liquidity competition among DEXs and rising demand for efficient swaps.
Mini dictionary: RWA Foundation, a research group focused on real-world assets and decentralized finance analytics.
While stablecoin volumes are climbing, the relationship between this trend and UNI price performance remains indirect. Trading metrics such as spot volume, open interest, and funding rate from derivatives trading are also used by market participants to gauge UNI’s prospects.
UNI Price Action Near $6.89 Sparks Technical DebateTechnical analysis by Crypto With Gopal, a cryptocurrency market analyst, points to a triangle breakout pattern in UNI following a period of price consolidation. The token recently broke past descending resistance, briefly retracing to the $6.89 level—an area seen as pivotal by traders watching for signs of sustained bullish momentum.
Should buyers manage to defend the $6.89 mark and push UNI back towards resistance, the conditions for a further breakout could strengthen, giving the token solid ground for the next major move upward.
However, technical signals can be inconclusive without additional confirmation. A confirmed breakout typically requires not only a price move above resistance but also increased trading volume and sustained buying pressure. Falling below support at $6.89 would counter the bullish scenario and weaken the technical outlook.
The $8 to $9 range now serves as the immediate resistance zone. Clearing this level would improve odds of a move toward analyst-proposed targets in the $14 to $15 range. Failure to hold above former resistance could lead to renewed downside risk for the token.
LevelStatusSignificance$6.89SupportKey breakout zone to hold for bullish setup$8 – $9ResistanceImmediate upside hurdle; breakout could open way to higher targets$14 – $15TargetUpper target proposed by analystOutlook: Technical Tests and Market ParticipationIn the short term, UNI’s setup depends on whether it can remain above $6.89 and move toward $8–$9. A successful defense and recovery would back analyst opinions suggesting a potential bullish trend. If the bullish pattern fails and the token drops below support, the technical case for immediate recovery would weaken.
Broader ecosystem activity, as reflected in stablecoin trading volumes, represents positive engagement for Uniswap but is not in itself a sign of guaranteed price appreciation for UNI. Protocol stakeholders continue to track technical signals and real trading data for clues about near-term direction.
Continued support at $6.89, resistance breakthroughs, and ongoing stablecoin volume will remain key technical factors shaping UNI’s momentum in the current environment.
Internet Computer (ICP) canisters can schedule their own tasks through built-in protocol timers, removing the need for outside keeper bots. Here is how it works and where it falls short.
Most blockchains cannot run a smart contract on a schedule. On the Internet Computer from @dfinity, the protocol gives each smart contract, called a canister, its own timer, so the network runs the task when the time comes.
Why most smart contracts need an outside nudgeOn most blockchains, a smart contract sits idle until an outside transaction wakes it up. According to Chainlink, smart contracts cannot trigger their own functions and need an external entity to call them through an on-chain transaction. Many rely on an external entity known as a keeper to monitor predefined conditions and trigger the contract when they are met.
In practice, projects often pay outside bots to send that nudge on time. Developers have also tried running their own centralized scripts. A Chainlink tutorial notes that this approach undermines the purpose of a decentralized application and creates the risk of downtime if the script fails.
How Internet Computer timers workInternet Computer documentation says canisters can schedule work to run automatically, after a delay or on a repeating interval, without any external trigger. The capability is built into the protocol rather than added through an offchain scheduler.
At the protocol level, each canister has a single global timer, a timestamp stored alongside its state. When the execution environment reaches that time, it delivers a message to the canister, which handles it like any other update call. Developer libraries for Rust, Motoko and TypeScript (Azle) build on this to support multiple and periodic timers, so a canister can run a task once or repeat it at a set interval.
The original design also ties into the network's fuel model. An idle timer costs nothing in cycles, the unit that $ICP converts into. Tasks triggered by the library still incur normal costs: the documentation notes that each expired task starts a self-canister call, and standard inter-canister call costs apply.
Limits developers should knowTiming is a minimum, not an exact schedule. Internet Computer documentation describes timers as calls with a specified minimum timeout or interval, and tasks can run late when the network is busy.
Timers also do not survive code upgrades on their own. The documentation states that the timers library does not handle canister upgrades, and it is up to the developer to serialize and reactivate timers if needed. In practical terms, developers must set timers again after an upgrade. The same documentation also discourages the use of pre- and post-upgrade hooks, calling them error-prone, so teams need to plan this step carefully.
For builders weighing platforms, the feature removes one common dependency on outside infrastructure for time-based logic, such as recurring payouts or periodic clean-up jobs. It does not guarantee exact execution times, which matters for applications that need tight timing.
Sources
Internet Computer documentation: TimersInternet Computer documentation: Periodic tasks and timersChainlink: Smart contract automation use cases
On October 14, PancakeSwap’s core team — known as the Kitchen — published a governance proposal called “The Flip: Liquidity Should Get Paid More.” If it passes, liquidity providers on PancakeSwap v3 and Infinity would keep 88% of swap fees instead of the roughly 66–68% they earn today, while CAKE emissions would fall by about 69%, from 22,500 to 7,000 tokens per day. The plan, set out on PancakeSwap’s governance forum, is an attempt to fund liquidity through real trading volume rather than newly minted CAKE.
The change would apply to every v3 fee tier and Infinity pool across all 11 chains PancakeSwap supports — BNB Chain, Ethereum, Arbitrum, Base, Solana, Robinhood, Monad, Arc, zkSync, Linea and opBNB — with the remaining 12% of fees going to the Treasury. The older v2 pools, whose fees are hard-coded and which still send 23% of swap fees to CAKE burns, would stay unchanged.
How the 88/12 Split Changes What LPs and Traders Get Based on 2025 volume, the Kitchen estimates LPs would have earned about $62 million more in fees under the new split — roughly $880 of every $1,000 in pool fees, up from the $660–$680 they keep today. Traders would pay the same fee tiers, but the proposal argues deeper liquidity works in their favor: the Kitchen projects up to about 30% more liquidity in the same pools, 20–25% less price impact per trade, and less room for sandwich attacks and other MEV.
There is a caveat on existing Infinity pools. Because their LP fees are fixed at creation, a lower protocol fee would cut the total swap fee instead — a 1% pool, for example, would become roughly 0.76%, with about 0.67% going to LPs and 0.091% to the protocol.
The 69% CAKE Cut: Deflation Funded by Fees, Not New Supply The second half of the proposal is a sharp reduction in token emissions. Post-veCAKE emissions would drop from 22,500 to 7,000 CAKE per day — about 15,500 fewer CAKE minted daily, or roughly 5.7 million fewer per year. The remaining 7,000 daily CAKE would go to a new discretionary ecosystem fund the Kitchen calls “the Pantry,” rather than being burned.
CAKE is already ahead of its Tokenomics 3.0 schedule: supply is down 11.5% since that April 2025 proposal, and the Kitchen says v2 burns alone keep the token net-deflationary at roughly 190,000 CAKE per week — about 9.9 million, or ~3%, per year. That pace would clear the remaining ~31.6 million CAKE needed to hit the 2030 supply-reduction target around the end of 2029.
What Still Has to Happen: The Vote and the Risks “The Flip” is still a discussion, not a decision. It must pass a Snapshot vote, and if approved the Kitchen plans to begin implementation in November 2026 and finish by the end of January 2027. The projections are estimates: the $62 million LP figure assumes 2025 trading volume repeats, and the liquidity and price-impact improvements depend on LPs actually adding the capital the higher fee share is meant to attract.
The trade-off is also structural. Giving LPs 88% leaves the Treasury with 12%, and the 7,000 daily CAKE the proposal keeps minting flows to a discretionary fund rather than to holders or a burn. For the multi-chain DEX and its token, the question the vote will settle is whether trading fees alone can sustain the liquidity that record trading volume has historically depended on incentives to maintain.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Avalanche (AVAX) chain fees have climbed from $1,066 on July 30 to a peak of $64,010 on September 24. Here is what is driving the rise and what it means for AVAX.
Avalanche chain revenue has risen sharply since late summer. Daily fees generated by @avax were as low as $1,066 on July 30 and have grown steadily since. The daily figure now sits closer to $10,000 to $20,000, and it reached as high as $64,010 on September 24.
The jump raises a familiar question for $AVAX holders: is a broader recovery in the token finally taking shape?
What is behind the rise in Avalanche feesSeveral factors appear to be feeding into higher on-chain activity. Cryptonomist reported in early September that fees on the Avalanche decentralised exchange Pharaoh CL had jumped more than 1,150% over 30 days, pointing to a pickup in DeFi trading.
Real-world asset (RWA) tokenisation is another theme. According to Crypto Briefing, citing The Defiant, AVAX rose 49.7% over four weeks, outpacing Bitcoin and Ether. The report attributed the move to the Helicon upgrade and $266 million in RWA growth on the network.
Current data is broadly consistent with the fee levels described above. CoinGecko shows Avalanche recorded $10,238 in fees over the past 24 hours. Tron Weekly, citing Chainspect, said the network generated $97,348 in revenue over seven days, the first time it crossed the $95,000 weekly mark.
Is AVAX season finally here?The price has responded, but context matters. CryptoTicker reported AVAX at around $11.09 on October 12, up 7.2% on the day, while Bitcoin, Ether, Solana and XRP were all lower over the week.
Even so, the token remains far below its past highs. AOL noted that on October 10, AVAX traded about 93% below its peak of $144.96. The same piece cautioned that the only mechanical link between institutional fund activity and coin price is transaction fees, which are small relative to billion-dollar market caps.
The scale of revenue is also modest. At $432,400 over 30 days, annualised network earnings would be about $5.2 million, according to Coingabbar, citing Chainspect data. That is small against a market capitalisation of roughly $4.6 billion.
Fee growth from a very low base is a positive sign for usage, but it does not on its own confirm a lasting trend for the token. Traders will be watching whether revenue holds at current levels and whether AVAX can clear resistance near $11.60.
Sources:
Crypto Briefing: Avalanche's AVAX gains 50% in four weeks
Tron Weekly: Avalanche network activity and AVAX price outlook
CoinGecko: Avalanche price and fee data
Farcaster was acquired by Network School, marking its second change of ownership this year.
Decentralized social network Farcaster changes hands for the second time this year. Network School, the firm owned by Balaji Srinivasan, has acquired Farcaster from Neynar; the deal’s financial terms were not disclosed. Neynar co-founder Rish said the company decided to transfer Farcaster’s app, protocol codebase, and related products to Network School after evaluating multiple acquisition offers, as Farcaster requires a different operational model for its next phase. Rish and fellow co-founder Manan will depart Neynar, while the rest of Neynar’s staff will join Network School to continue developing Farcaster. Neynar acquired the platform from Farcaster’s original developer Merkle Manufactory in January this year; the deal also included token launch platform Clanker. Rish did not disclose Clanker’s future plans; Adrienne, Farcaster’s general manager and streamer, and NourishProf noted Rish is considering spinning off Clanker and seeking another buyer for it. An in-app announcement for Farcaster states the platform will be renamed the "Network State Protocol", with the goal of building a network of voluntarily joined digital societies that will eventually be implemented in the real world. Users will need to choose to accept or reject a "social smart contract"; those who accept will receive an on-chain access NFT as a credential.
10 minutes ago
A scammer lost more than 60 BTC, valued at approximately $4.8 million, in the Ledger theft incident.
According to Chainalysis, one of the largest victims in the theft involving crypto hardware wallet manufacturer Ledger is also a scammer himself, losing over 60 BTC worth roughly $4.8 million. The funds originated from a task scam where participants were paid to fake sales and reviews for real goods. After the scam caused "negative balances", participants were told they had to invest their own money to receive their payouts. On September 22, the scam’s mastermind transferred the proceeds to three separate Ledger addresses. On October 9, the attacker emptied all three addresses, moving funds each via a single transfer to the same wallet, which has been linked to stolen funds.
10 minutes ago
Ansem: Firmly bullish on BTC’s strong rally, crypto-native community confidence is at its lowest level in nearly a decade.
Crypto trader Ansem posted a statement expressing high confidence that Bitcoin will see a sharp rally, noting that the crypto-native community’s current confidence in BTC is at its lowest point in roughly the past decade. He added that Bitcoin is one of the few assets unrelated to the complex AI investment theme, and also mentioned that governments will need to fund AI infrastructure development amid sticky inflation.
10 minutes ago
Binance.US is seeking $100 million in financing to expand its U.S. crypto operations.
According to Bloomberg, people familiar with the matter said Binance.US is seeking to raise up to $100 million via private placement, targeting a valuation of around $1 billion, to expand its U.S. operations amid intensifying competition for digital asset clients. The fundraising is still ongoing, and the final size, valuation and investor composition could be adjusted. World Liberty Financial, a crypto project co-founded by former U.S. President Donald Trump, was aware of the fundraising, but another source familiar with the matter said the project is not participating at present. Spokespeople for Binance.US and World Liberty declined to comment. Binance.US launched in 2019 and operates independently of the global Binance exchange, but Changpeng Zhao is a major shareholder of both companies. In 2022, Binance.US raised over $200 million in a round with a $4.5 billion pre-money valuation. After Binance Holdings reached a settlement with U.S. authorities in 2023, Binance.US lost significant market share and is now seeking to win back clients to compete with larger rivals. The firm has also explored new business lines such as prediction markets. In terms of expansion plans, Binance.US is seeking to restore money transmitter licenses in some U.S. states and is discussing bringing in external trading liquidity, with potential sources including the global Binance exchange, though no specific plans have been finalized. The company appointed Stephen Gregory as its CEO earlier this year. The fundraising plan comes as digital asset firms seek to capitalize on a more favorable U.S. regulatory environment, with existing exchanges expanding product offerings and overseas competitors looking to grow their U.S. operations. World Liberty has ties to Binance: According to Arkham data, Binance holds the majority supply of its USD1 stablecoin. USD1 was also used by an investment firm linked to the UAE leadership to purchase $2 billion in Binance equity.
10 minutes ago
Coinbase will suspend trading for NEON and SYND.
Coinbase Assets announced in a post that, based on recent asset reviews, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at approximately 3 AM Beijing time on November 17, 2026.
DeFi Development Corp. just made its preferred stock a little more generous. The Nasdaq-listed Solana treasury company is raising the annual dividend rate on its CHAD preferred shares from 13.00% to 14.00%.
What changed for CHAD holders DeFi Development Corp. (Nasdaq: DFDV) announced the increase on October 15, 2026. The new rate applies to its Variable Rate Series C Perpetual Preferred Stock, which trades under the ticker CHAD.
The higher payout kicks in starting November 2, 2026. Based on the $10.00 stated amount per share, annual dividend income rises to $1.40 per share from $1.30.
The math looks even better for early buyers. CHAD’s initial offering priced at $8.00 per share on September 3, 2026, raising approximately $11 million in gross proceeds. Anyone who bought at that price and still holds is now collecting $1.40 a year on an $8.00 outlay, or 17.5% on cost.
The dividends are cumulative, which means any skipped payments pile up and remain owed to shareholders. Payments are made daily when declared by the board.
The board has also authorized a repurchase program for CHAD shares, with a focus on achieving a $10 par value.
How CHAD fits the Solana treasury playbook CHAD is a perpetual, non-convertible preferred stock. Perpetual means there is no maturity date. Non-convertible means holders cannot swap their shares into common stock, so the dividend is the whole point. The instrument is backed by DeFi Development’s SOL treasury, which the company aims to put to work through strategies including staking.
As of mid-October 2026, the company’s holdings reached approximately 2.586 million SOL and equivalents.
CEO Joseph Onorati framed the higher rate as a way to make CHAD more attractive as an income-generating investment. The strategy ties directly to the treasury: proceeds from future CHAD sales are expected to fund further SOL accumulation.
DeFi Development plans to execute as much as $300 million in additional CHAD share issuances. For context, that would be roughly 27 times the gross proceeds from the September debut.
The pitch to common shareholders is SOL-per-share growth. If preferred investors fund new SOL purchases, common holders own a slice of a bigger treasury without the company issuing more common stock to pay for it.
From real estate to digital credit DeFi Development did not start life as a crypto treasury. The company pivoted from a prior real estate platform to a strategy built around holding Solana.
The variable rate structure allows the board to raise or change the payout as conditions shift. This latest move is the first visible use of that lever.
What this means for investors and the treasury model Because the dividends are cumulative, the obligation does not vanish in a bad quarter. The treasury backing CHAD is denominated in a crypto asset that can swing sharply. A falling SOL price would shrink the asset base while the dividend obligation stays fixed in dollar terms. Preferred holders sit ahead of common shareholders, but they are still exposed to the health of the treasury.
For common shareholders, the question is whether the cost of the preferred funding is worth the SOL it buys. If staking yields and SOL appreciation outpace a 14% dividend over time, the structure grows SOL per share.
The things to track from here are straightforward. Watch where CHAD trades relative to its $10.00 stated amount, how quickly the company taps its issuance capacity, and whether the SOL treasury keeps growing beyond 2.586 million.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
The hardware wallet maker opened reservations for a data-only device that splits Android-based apps from a secure chip, with delivery estimated for 2027.
Ledger's $849 Atom runs everyday apps on an Android-based system, with approvals handled in a separate Secure Mode
Posted October 15, 2026 at 11:23 am ET.
Ledger unveiled Ledger Atom, its first device built to run everyday apps, at its Op3n 2026 event on Oct. 15, opening reservations at $849 for a product the company expects to deliver in 2027.
CEO Pascal Gauthier said customers had long asked the company for a Ledger phone. “Today, we answer. Not with another phone. With something new,” he wrote.
Ledger’s product page describes Atom as data-only: it uses 4G and 5G networks for data but cannot place cellular calls, send SMS or reach emergency services.
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Two Systems, One Screen In a post on the device’s design, CTO Charles Guillemet said Atom runs a standard operating system built on the Android Open Source Project on its main processor, while Ledger OS runs separately on a secure chip. A dedicated circuit called an FPGA, controlled by Ledger OS, moves the display into Secure Mode whenever the user has something to approve.
“The screen is the most important piece of Ledger Atom, because many of the worst attacks work by faking what you see,” Guillemet wrote.
In the same post, Guillemet described an “active shield” around the device’s secure zone, which he wrote is designed to detect tampering before a unit reaches its owner. A hardware Privacy Switch cuts power to the camera and microphone.
The launch came the same day Ledger published its account of a hardware implant attack, in which it said criminals fitted genuine devices with hidden components that captured recovery phrases and sold them through Southeast Asian resellers. “There was no flaw in Ledger’s chip, operating system or servers,” the company wrote, adding that it was working on further protections at the product level. Ledger’s Atom announcements do not mention the incident.
Partners and Pricing Solana Mobile named Ledger its first hardware expansion partner, and the Seeker app will be preinstalled on every Atom, according to Ledger’s press release. Gauthier said Ledger is exploring integrations with Kraken parent Payward, counts UAE firm Cyber50 as a launch partner and has named Persona its first identity partner.
Atom also supports Ledger Agent Intent, which sends AI agent requests to the user for physical approval on a Ledger signer. “Agents propose. You approve. Your Ledger signer enforces,” Ledger posted on X. The company said the feature is available now on compatible signers.
Founders Edition reservations require a fully refundable $100 deposit, and the press release prices orders placed after launch at $899. Gauthier’s post estimates delivery in the second quarter of 2027, while the press release and product page say summer 2027. Delivery depends on product certifications, including from the FCC in the U.S., and Ledger says buyers are reserving a device still in development whose specifications and price may change.
Related Listen: Why a $100M Ledger Reseller Attack Has Crypto Rethinking Self-Custody
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.
15 October 2026 | 18:46 PYTH and STRK gained roughly 12% in an hour on October 15 as Bitcoin recovered $82,000, reversing some of the weakness surrounding a stronger-than-expected US inflation report.
Key Takeaways PYTH gained 11.98% in an hour; STRK rose 12.45%. Bitcoin recovered $82,000, while XRP and Solana also rebounded. Shorts accounted for about 93% of one-hour liquidations. US producer prices rose 1.3% in September, exceeding the 0.6% forecast. Bitcoin’s recovery spreads to PYTH, STRK and larger altcoins CoinMarketCap data showed Bitcoin near $82,200 during Thursday’s rebound. XRP returned to approximately $1.33 after briefly falling below $1.30, while Solana recovered to around $105 from roughly $101.
PYTH and STRK recorded particularly sharp one-hour gains. PYTH reached approximately $0.0969, up 11.98%, while STRK climbed 12.45% to around $0.0866. These are rolling one-hour changes, rather than gains measured from the start of the day.
PYTH and STRK’s one-hour gains. Source: CoinMarketCap. Short sellers take losses during the bounce CoinGlass liquidation data recorded alongside the rebound showed approximately $51.9 million in leveraged positions forcibly closed over one hour. Shorts accounted for $48.28 million, or about 93% of that total.
Short positions profit when prices fall. When a rising market leaves a leveraged short with insufficient collateral, the exchange can close the position by buying back the asset or contract. Those forced purchases can add upward pressure to an existing rally.
The preceding 24-hour totals showed a different balance: approximately $932.4 million in liquidations, including $795.6 million in longs and $136.7 million in shorts. Positions betting on higher prices therefore accounted for most of the daily liquidations, even as short sellers bore the brunt of the latest hour.
The figures show leveraged traders taking losses on both sides of the reversal. They do not establish what started the rebound or how much buying came from investors opening new positions.
Producer prices rise more than twice as much as forecast The recovery followed the September Producer Price Index release at 8:30 a.m. Eastern time on October 15. The Bureau of Labor Statistics reported a 1.3% monthly increase in final-demand prices, compared with the 0.6% forecast cited in MarketWatch’s coverage. August’s increase was 0.5%.
Annual producer-price inflation reached 6.3%, its highest rate since December 2022. Energy drove much of the increase in goods prices, but the measure excluding food, energy and trade services also rose 0.5% during September, indicating pressure beyond those categories.
PPI measures the prices domestic producers receive for their output. Investors monitor it for evidence of inflation pressures and for components that feed into other inflation measures. A stronger reading can complicate the case for lower interest rates, particularly when it follows elevated consumer-price inflation.
For crypto, expectations of restrictive policy can discourage borrowing and speculative positions. Higher inflation-adjusted bond yields can also make interest-bearing assets more attractive relative to tokens that provide no contractual income. These channels help explain why strong inflation can pressure crypto, although they do not determine every immediate price reaction.
Prices can nevertheless rise when traders are positioned for further losses. Once a rebound begins, short closures can reinforce it even without an improvement in the economic outlook. Thursday’s reversal echoes earlier episodes when crypto rallied through negative headlines, leaving prices and the economic news moving in opposite directions.
Sentiment remains neutral despite the sharp reversal CoinMarketCap’s Crypto Fear and Greed Index showed 51 out of 100, within its neutral range. The broader sentiment gauge therefore showed neither fear nor greed, even as leveraged positions underwent substantial liquidations.
Crypto sentiment holds at neutral. Source: CoinMarketCap. STRK also has a governance decision underway Separately, Starknet’s community opened a seven-day, non-binding vote on whether to explore becoming an independent Layer 1 blockchain with post-quantum security. The official governance proposal follows StarkWare’s October 8 announcement that it was exploring that direction.
The proposal asks whether to pursue further research; it does not approve a migration away from Ethereum. An independent Layer 1 would need its own arrangements for securing and settling transactions, changing Starknet’s current reliance on Ethereum as a Layer 2. Post-quantum security concerns protection against attacks that sufficiently powerful quantum computers could pose to existing cryptography.
The vote gives STRK holders a separate development to assess, but the available trading figures do not establish that it contributed to the one-hour gain. PYTH’s simultaneous rise, alongside recoveries in Bitcoin, XRP and Solana, shows that the rebound extended beyond Starknet.
Thursday’s recovery coincided with substantial forced short closures despite accelerating producer-price inflation. Whether it also attracted sustained investment remains unanswered: the liquidation totals do not measure fresh spot demand, and the first rebound does not resolve the pressure that higher inflation could place on monetary policy.
This article is provided for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices and liquidation totals can change rapidly.
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Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblock.co" target="_blank">The Block</a></span></span><span class="acf-credit"> | <span class="acf-credit"><a href="irischo.com" target="_blank">Illustration by Iris Cho for The Block</a></span></span></span>
Nasdaq-listed DeFi Development Corp. is increasing the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective Nov. 2.
The increase raises annual dividends to $1.40 per share from $1.30, based on CHAD’s $10 stated value, with payments made each business day when declared by the company’s board.
DeFi Development (DFDV) said it plans to use proceeds from future CHAD issuances to expand its Solana (SOL) treasury, which generates returns through staking and validator operations.
CEO Joseph Onorati said increasing the rate to 14% "strengthens that proposition as we broaden investor participation and scale CHAD."
"CHAD's proposition is compelling: double-digit dividend income, paid every business day, through a Nasdaq-listed preferred security issued by a company with a productive SOL treasury," Onorati said in a release. "We see a significant opportunity to build CHAD into a leading digital credit instrument, expanding our capacity to accumulate SOL and drive accretive growth for common shareholders while maintaining disciplined capital management."
DeFi Development Corp. added approximately 22,070 SOL and SOL equivalents last week, bringing its total holdings to about 2.59 million SOL.
DeFi Development said CHAD reached record trading highs during that same week. The company recently authorized a program to repurchase up to all outstanding shares of CHAD.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Farcaster was acquired by Network School, marking its second change of ownership this year.
Decentralized social network Farcaster changes hands for the second time this year. Network School, the firm owned by Balaji Srinivasan, has acquired Farcaster from Neynar; the deal’s financial terms were not disclosed. Neynar co-founder Rish said the company decided to transfer Farcaster’s app, protocol codebase, and related products to Network School after evaluating multiple acquisition offers, as Farcaster requires a different operational model for its next phase. Rish and fellow co-founder Manan will depart Neynar, while the rest of Neynar’s staff will join Network School to continue developing Farcaster. Neynar acquired the platform from Farcaster’s original developer Merkle Manufactory in January this year; the deal also included token launch platform Clanker. Rish did not disclose Clanker’s future plans; Adrienne, Farcaster’s general manager and streamer, and NourishProf noted Rish is considering spinning off Clanker and seeking another buyer for it. An in-app announcement for Farcaster states the platform will be renamed the "Network State Protocol", with the goal of building a network of voluntarily joined digital societies that will eventually be implemented in the real world. Users will need to choose to accept or reject a "social smart contract"; those who accept will receive an on-chain access NFT as a credential.
10 minutes ago
A scammer lost more than 60 BTC, valued at approximately $4.8 million, in the Ledger theft incident.
According to Chainalysis, one of the largest victims in the theft involving crypto hardware wallet manufacturer Ledger is also a scammer himself, losing over 60 BTC worth roughly $4.8 million. The funds originated from a task scam where participants were paid to fake sales and reviews for real goods. After the scam caused "negative balances", participants were told they had to invest their own money to receive their payouts. On September 22, the scam’s mastermind transferred the proceeds to three separate Ledger addresses. On October 9, the attacker emptied all three addresses, moving funds each via a single transfer to the same wallet, which has been linked to stolen funds.
10 minutes ago
Ansem: Firmly bullish on BTC’s strong rally, crypto-native community confidence is at its lowest level in nearly a decade.
Crypto trader Ansem posted a statement expressing high confidence that Bitcoin will see a sharp rally, noting that the crypto-native community’s current confidence in BTC is at its lowest point in roughly the past decade. He added that Bitcoin is one of the few assets unrelated to the complex AI investment theme, and also mentioned that governments will need to fund AI infrastructure development amid sticky inflation.
10 minutes ago
Binance.US is seeking $100 million in financing to expand its U.S. crypto operations.
According to Bloomberg, people familiar with the matter said Binance.US is seeking to raise up to $100 million via private placement, targeting a valuation of around $1 billion, to expand its U.S. operations amid intensifying competition for digital asset clients. The fundraising is still ongoing, and the final size, valuation and investor composition could be adjusted. World Liberty Financial, a crypto project co-founded by former U.S. President Donald Trump, was aware of the fundraising, but another source familiar with the matter said the project is not participating at present. Spokespeople for Binance.US and World Liberty declined to comment.
Binance.US launched in 2019 and operates independently of the global Binance exchange, but Changpeng Zhao is a major shareholder of both companies. In 2022, Binance.US raised over $200 million in a round with a $4.5 billion pre-money valuation. After Binance Holdings reached a settlement with U.S. authorities in 2023, Binance.US lost significant market share and is now seeking to win back clients to compete with larger rivals. The firm has also explored new business lines such as prediction markets.
In terms of expansion plans, Binance.US is seeking to restore money transmitter licenses in some U.S. states and is discussing bringing in external trading liquidity, with potential sources including the global Binance exchange, though no specific plans have been finalized. The company appointed Stephen Gregory as its CEO earlier this year.
The fundraising plan comes as digital asset firms seek to capitalize on a more favorable U.S. regulatory environment, with existing exchanges expanding product offerings and overseas competitors looking to grow their U.S. operations. World Liberty has ties to Binance: According to Arkham data, Binance holds the majority supply of its USD1 stablecoin. USD1 was also used by an investment firm linked to the UAE leadership to purchase $2 billion in Binance equity.
10 minutes ago
Coinbase will suspend trading for NEON and SYND.
Coinbase Assets announced in a post that, based on recent asset reviews, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at approximately 3 AM Beijing time on November 17, 2026.
Ledger on October 15 unveiled Atom, an $899 security device that combines a hardware wallet’s secure element with an Android app layer, letting users protect crypto, AI agent approvals, and private messages on one device. The Paris-based company announced the device at its Ledger Op3n event, according to the company’s announcement. It is the most capable signer Ledger has made to date.
Atom runs the open-source Android operating system alongside Ledger OS, Ledger’s proprietary operating system on a secure element chip. An FPGA chip switches the device between a Standard Mode for everyday applications and a Secure Mode for signing transactions, with a bar at the top of the screen showing which mode is active. Ledger frames the device as a response to rising mobile threats, noting that mobile zero-day exploits nearly doubled year over year in 2025.
Pricing, Availability, and Partner Support Reservations are open now at $849 for a limited Founder’s Edition, with a $100 refundable deposit; orders placed after launch are priced at $899. Ledger expects Atom to ship in Summer 2027, subject to product certifications such as FCC approval in the United States. Early buyers receive a $50 Bitcoin voucher and three months of Ledger Recover at launch.
Atom can initiate transactions through the Ledger Wallet app, and Kraken is exploring support so clients could review and Clear Sign transactions on the device’s Trusted Display. Solana Mobile also named Ledger its first hardware expansion partner, with the Seeker app planned to be preinstalled to provide access to the Solana dApp Store.
Supply-Chain and AI Security Response The launch follows a difficult stretch for Ledger’s supply chain. The company recently confirmed an unauthorized hardware implant in an affected wallet sold through its reseller CryptoBilis, and Atom’s anti-tampering design — packaging that reveals opening, sensors that detect a removed display or enclosure, and tamper-resistant secure element, MCU, and FPGA — is built to prevent a repeat of that attack. Trezor separately cut its reseller network after the Ledger implant scare.
Atom also addresses AI agent risk through Ledger Agent Intent, which requires every sensitive agent action to be physically approved on the device, with the OpenClaw agent app preloaded. A hardware switch cuts power to the cameras and microphone at the circuit level, and the device is designed to be compatible with NIST post-quantum standards.
What to Watch Next Ledger said Atom is not designed to replace a phone but to secure users where a phone cannot. Delivery depends on certifications, and the Founder’s Edition is a reservation rather than an immediate purchase, so the device’s real-world security and usability remain unproven until units ship in 2027.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Following the release of September’s CPI data, which came in hotter than expected at 3.7%, the wider crypto market took a beating.
Solana was no exception, with the altcoin falling by 5.10% in 24 hours to $102.19 at press time. With bearish momentum evident on both the daily and 4-hour charts, SOL may see further downside before any recovery.
Daily chart flashes signs of red Source: SOL/USDT, TradingView At the time of writing, the daily chart was still very much in bearish territory, with no signs of a reversal. SOL’s price broke below the 23.6% Fib retracement level, an area it has traded in since mid-September, with the altcoin in the key $100-$105 support zone. If buyers can’t hold that area, then a daily close below $100 would expose SOL to the next major support zone at $96.
Momentum indicators also supported the bearish outlook. The MACD was below both the zero and signal lines, indicating that bearish momentum was dominant.
Meanwhile, the OBV had turned lower, suggesting that buying pressure was weakening relative to selling activity. In fact, neither indicator seemed to suggest that the downtrend was losing strength.
SOL’s 4-hour chart offers little reassurance Source: SOL/USDT, TradingView The 4-hour chart was bearish too, with SOL at the 78.6% Fib retracement (the ‘golden’ zone in this scenario). That area could see some buying activity as the market tries to hold the recent swing. However, the momentum indicators didn’t really point to a genuine recovery on the way.
While the OBV has fluctuated, it has stayed broadly sideways too, showing little change in buying and selling pressure. The MACD appeared to be below the zero and signal lines as well, reinforcing the bearish outlook.
Despite bearish signals on the four-hour chart, the daily chart showed SOL holding within the premium range around the 50% Fibonacci level. This might offer broader context for a potential recovery, despite short-term momentum being bearish.
Final Summary SOL’s bearish daily chart has the $100-$105 support area in serious jeopardy. 4-hour chart’s bearish momentum provided very little evidence of a sustained recovery off the 78.6% Fibonacci level.
Solana price has rebounded above $106 after testing $100 support, but negative daily momentum and several overhead moving averages leave its recovery facing resistance.
Summary
Solana price traded near $106.20 after recovering from an Oct. 15 intraday low of $100.62. Daily MACD remained negative, while the price stayed below its $114.95 Bollinger midpoint. The 4-hour chart placed nearby moving average resistance at $109.21, $112.67, and $114.43. Analyst Aman identified $97–$99 support, with a conditional downside target of $75–$77. TradingView’s Binance SOL/USDT daily chart showed Solana at $106.21 on Oct. 15, up 1.84% for the session after moving between $100.62 and $106.51. The rebound brought the token away from the $100 threshold, although it remained roughly 14% below its late-September peak near $124.
The recovery followed a series of lower highs and lower lows after SOL lost its early-October trading range around $118–$122. On the 4-hour chart, selling accelerated after the token slipped beneath $116, followed by another decline from around $112 toward $100.
U.S. investment flows also remained weak. U.S. spot Solana ETFs recorded $1.29 million in net outflows on Oct. 14, marking their eighth consecutive session of withdrawals. The redemptions accompanied SOL’s decline toward $100, extending a period of weaker demand through those investment products.
Solana’s daily rebound leaves $114.95 as a recovery hurdle The daily Bollinger Bands placed the lower boundary at $102.83, the 20-day simple moving average at $114.95, and the upper boundary at $127.07. SOL’s recovery above the lower band followed an intraday move beneath it.
Solana price daily chart — Oct. 15 | Source: TradingView At $106.21, the token remained about 7.6% below the middle band. A return to $114.95 would bring SOL back to its 20-day average, while the $120–$124 region contains the recent trading range and local peak.
The daily MACD continued to show bearish momentum. The MACD line stood at −1.07, below its signal line at 0.95, with the histogram at −2.03.
Both lines had turned lower following the September advance, while the histogram remained below zero. The daily price rebound therefore occurred alongside a negative MACD reading, without a bullish crossover.
On the downside, $102.83 is the nearest daily Bollinger reference, followed by the session low at $100.62 and the psychological $100 level. A renewed decline beneath that area would bring the September support region around $97–$99 into focus.
The wider daily chart also shows that SOL remains above its summer trading base, which largely occupied the $70–$90 range. The current pullback has erased part of the August–September advance without yet revisiting that earlier consolidation.
The 4-hour chart puts three moving averages above SOL TradingView’s 4-hour chart showed SOL at $106.20, slightly above its 20-period simple moving average at $106.11. The other three displayed averages remained overhead.
Solana price 4-hour chart — Oct. 15 | Source: TradingView The 50-period average stood at $109.21, followed by the 200-period average at $112.67 and the 100-period average at $114.43. Together, those levels create successive technical hurdles between the current price and the daily Bollinger midpoint.
The chart showed the 20-period average below the 50-period average, with both below the longer averages. SOL’s latest bounce had reached the shortest average after several sessions of trading beneath it.
A sustained move above $106.11 would leave $109.21 as the next moving average reference. Beyond that, the $112.67–$114.95 area combines the two longer 4-hour averages with the daily midpoint.
The 4-hour Chaikin Money Flow reading was −0.02, just below zero. The indicator had recovered from deeper negative readings during the recent decline but had not moved into positive territory.
Analyst Aman separately identified $97–$99 as a support zone after SOL broke an ascending trendline. In an Oct. 15 assessment, he said that area needed to hold to prevent further losses and identified $75–$77 as a potential downside zone if support failed.
His lower target remains conditional on a breakdown beneath $97–$99. SOL’s rebound toward $106 placed the token above that support region at the time of the TradingView reading.
Liquidation clusters sit near $100 and above $110 CoinGlass’s one-month liquidation heatmap showed SOL recovering toward $106 after its latest drop toward $101. Nearby liquidation concentrations appeared around $100–$101 below the price and approximately $105–$107 around the rebound area.
Solana liquidation heatmap | Source: CoinGlass Further overhead, visible concentrations extended through roughly $110–$115. Larger, brighter bands remained near $123–$125, above the early-October trading range.
Below $100, the heatmap showed additional concentrations around $96–$97, close to the support region identified by Aman. The overlap places that area on both the analyst’s technical map and the derivatives liquidation map.
For a broader recovery, the chart-based sequence runs from holding the rebound above $102.83 toward reclaiming $109.21, then the $112.67–$114.95 resistance area. A move through those levels would bring the former $120–$124 range back into view.
A renewed loss of $100.62–$100 would instead leave $97–$99 as the next nearby support test, while Aman’s $75–$77 scenario depends on that lower zone failing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Solana logo, official brand asset from solana.com/branding. Alpenglow is a Solana consensus upgrade.
Solana has achieved a significant milestone, recording its highest ever quarterly volume in tokenized equities, exceeding $7.1 billion in the third quarter of 2026. This development, reported by @SolanaFloor, underscores the platform’s growing influence in the tokenized stock market. The network’s on-chain equities activity reached a record, with official data from September showing about $4.4 billion in volume. Solana’s ecosystem, which includes platforms like Raydium and xStocks, continues to attract a large number of participants, with holder wallets surpassing 1.2 million. The increase in activity is reflective of Solana’s substantial share of the cross-chain tokenized equity market.
Key Takeaways The record Q3 volume on Solana appears consistent with growing interest and confidence in the platform’s tokenized equities market. Market pricing suggests a potential positive impact on Solana’s value, as participants may view the milestone as supportive of price increases. The large volume of tokenized equity activity indicates robust network engagement, suggesting continued growth on Solana. What to Watch Observers will be keen to see if Solana’s increased tokenized equities volume translates into a rise in its native token’s market value. Key developments such as regulatory changes, further ETF approvals, or major partnerships could influence market sentiment and pricing. Additionally, any changes in decentralized exchange volumes or new wallet integrations would likely impact Solana’s market position and perceived value. Market participants will be watching for any indicators that could suggest further upward momentum for Solana’s price in the coming weeks.
Term Structure
Contract Odds Δ since publish Volume 24h November 1 2026 0.7% 0.0¢ $1K View market → November 1 2026 6.3% +0.7¢ $2K View market → November 1 2026 20% -1¢ $4K View market → November 1 2026 8.8% -0.1¢ $86 View market → November 1 2026 0.4% 0.0¢ $7K View market → November 1 2026 1.2% -0.5¢ $4K View market → November 1 2026 1.9% -0.1¢ — View market → November 1 2026 2.1% -0.1¢ $1K View market → November 1 2026 2.1% -0.7¢ $4K View market → November 1 2026 0.1% 0.0¢ $3K View market → November 1 2026 0.1% 0.0¢ $3K View market → November 1 2026 10% -2.5¢ $2K View market → November 1 2026 0.4% 0.0¢ $3K View market → November 1 2026 2.9% +0.1¢ $8K View market → Updated 6min ago
Spout, a Solana-based protocol that lets investors borrow against tokenized US stocks without paying interest, has raised a $2 million strategic round with backing from Draper Dragon, Anchorage Digital, Flow Traders and Solana Labs, among others. We spoke to Marc Ryan, Spout’s co-founder and CEO, about the two-tier credit system he saw in investment banking, how the protocol pays lenders without charging borrowers, and what has to happen before its private beta opens.
You started your career in investment banking. What did you see there that eventually led to Spout?
I worked at HSBC, including on the Arm IPO. What struck me was a two-tier credit system sitting in plain sight.
On one side of the building, we arranged debt for large companies at rates a retail investor would assume were a typo. On the other, an individual holding a perfectly good portfolio of those same companies’ stock pays around 12% to borrow against it. Same underlying asset, same credit logic, completely different price. The only variable is who you are.
The second thing was how much of the work was simply moving information around. Underwriting is largely the business of assembling facts that already exist, verifying them slowly and charging for the delay. A lot of that collapses if the asset and the information about it sit on the same ledger, and anyone can check both instantly.
Spout came out of holding those two observations side by side.
Margin loans have been around for as long as brokerages have. Why has borrowing against stocks stayed so expensive for individual investors?
Because nobody has had a way to attack it.
Margin interest is not a cost being passed through to you. It is a product. The brokerage borrows cheaply, lends to you at a spread and keeps the difference. That spread is one of the most reliable revenue lines in the business, and no competitor can undercut it without giving up the same revenue themselves. It is also not a number most people shop on. You compare commissions and app design, and you discover the margin rate after you have already moved your account.
So the rate does not fall, because falling requires replacing that income with something else, and there was no something else.
Prime brokerage solves exactly this problem for institutions. It generates revenue from the collateral itself rather than from the borrower, which is why a hedge fund’s financing costs look nothing like yours. Running that at individual scale needs a shared ledger and programmable custody, and until recently neither existed.
That is the real unlock, and it is not tokenization for its own sake. It is the ability to produce income from the collateral, so that you no longer have to produce it from the borrower.
If the borrower pays no interest, where does the lender’s return come from, and what makes it go up or down?
It comes from selling optionality on the collateral, not from the borrower.
When you post stock with us, it would otherwise sit there doing nothing, exactly as it does in a brokerage account. We write covered calls against it, far out of the money, on a weekly cycle. The premium from those calls is what pays the lender. The borrower keeps the stock’s downside and its upside up to the strike, and pays no interest.
The lender has no directional exposure to the stock. They own a stream of option premium, which is why the return is largely indifferent to whether the market goes up or down.
What moves it is the gap between implied and realized volatility. Options on large, liquid US stocks persistently price in more movement than actually occurs. That gap is where the premium comes from, and it exists because of structural demand, not because anyone is making a mistake. Pension funds and institutional allocators buy protection on blue chip holdings as a matter of policy, not because they have a view. Retail investors buy upside calls on a handful of names with enormous enthusiasm. Both are price-insensitive buyers, and someone has to be on the other side of them. When that gap is wide, the lender earns more. When it compresses, the lender earns less. The lender side is split into a senior and a junior tranche.
Selling volatility on blue chip stocks isn’t a new idea. What is different about the way Spout does it?
It is an old trade. Hedge funds and structured product desks have run it for decades, so the novel part is not the premium. The problem has always been the tail. If you sell calls and the stock rips through the strike, you eat it. That is why systematic volatility selling has the reputation it does, and why institutions are wary of the trade even when the expected value is good. They want the premium. They do not want the tail that comes attached to it.
What we do differently is separate the two and give each to the party that wants it. Because the vault has two sides, rather than one fund doing both, the return and the risk can go to different people. The lender receives the premium and carries no directional exposure to the stock. The borrower carries the tail, which costs them the upside above the strike. They are entirely comfortable with that, because they are long the asset anyway and they get a 0% loan in exchange.
Put another way, every borrower on Spout is running a covered call. It is the most widely used options strategy among retail investors, and millions of people already do it voluntarily. The only difference is what they are paid in. Normally you write a covered call and receive cash. Here you write one and receive free financing.
Two parties with opposite appetites: one wants yield without direction, the other wants leverage and already owns the risk. Until you have a permissionless two-sided market, those two have no way to trade with each other. That is what the vault is for, and that is the thing that did not exist before.
Why does this need tokenized stocks? What can you do onchain that a traditional brokerage account can’t?
Almost everything a tokenized stock does today is worse than a brokerage account. You can buy the same share from a broker for free, with better execution and real settlement. Any product whose entire proposition is “the same stock, but onchain” is asking people to accept something worse in exchange for novelty. That is why most of this category has not gone anywhere.
As far as I can tell, the prime brokerage-style borrowing we have built is the first thing you can do with a tokenized equity that beats the offchain version rather than imitating it.
Strictly speaking, the strategy does not require tokenized stocks. What it requires is that the vaults live onchain, because that is what lets liquidity arrive permissionlessly. You need a two-sided market where anyone can be the lender and nobody has to be approved to become one. A brokerage cannot do that. It has to know and onboard every participant.
But it works best with tokenized equities, because they are programmable and borrowing is only one layer of what you can stack on them. Someone can post tokenized stock here, borrow stablecoins at 0% and put those stablecoins to work somewhere else onchain the same afternoon. Try that with shares at a broker. The asset there is inert by design.
Which tokenized equities will borrowers be able to use, and how do you decide which assets to support?
Eleven at launch, deliberately. They span large cap tech, AI, crypto-linked ETFs, pharmaceuticals, energy, gold and financials.
We wanted the initial launch to be targeted. It is also important to note that the volatility gap only behaves predictably in large, liquid, heavily traded names, where there is a deep options market and constant institutional hedging flow. Move down the market cap curve and the options thin out, spreads widen and the gap becomes erratic. You can still write the calls. You just cannot promise anyone a consistent return from doing it. So we could probably support most of the top 200 stocks, but not more than that for now.
The round brings together venture funds, a market maker, a digital asset bank, among others. What do these backers bring beyond capital?
Each of them answers a question we could not answer on our own.
Draper Dragon is the Asia question. We expect Asia to be a large share of our eventual user base, and their entire practice is bridging US technology into Asian markets.
Anchorage Digital is the custody question. They are the first federally chartered digital asset bank in the United States. If you want institutions anywhere near this, custody is the first thing they ask about and the first thing that disqualifies you.
Flow Traders is the market structure question. We write options against real collateral on a weekly cycle, which makes execution quality not a detail but the product itself. Having one of the world’s largest market makers look closely at how we do that is worth more than the check.
We did not take money from anyone whose only contribution was money.
Your angels include Solana Labs co-founders Anatoly Yakovenko and Raj Gokal, and former CFTC chairman Chris Giancarlo. How did those relationships come about?
Both came from the same habit: I talk to a lot of people, and I read what they write.
I had read Chris Giancarlo’s work long before I contacted him. He was writing years ago about financial instruments moving onchain, at a point when most of the industry was busy launching another L2 nobody needed. He was describing what we are building before there was anywhere to build it. He also understands the regulatory terrain from the inside, which matters enormously in this category. I sent him a cold message, and he took the meeting.
With Toly and Raj, we knew we wanted to build on Solana, so we applied to the Solana Incubator and got in. That put us in rooms with people across Solana Labs and the Solana Foundation over a sustained period. What we are building lines up closely with what they have said publicly about what Solana is for: real financial activity at a cost that makes it sensible to do onchain. The relationship grew out of the work rather than out of a pitch.
Spout isn’t on mainnet yet. What has the devnet beta taught you so far, and what needs to happen before the private beta opens?
The most useful thing it has told us is who actually shows up, and there are two distinct people.
The first wants exposure to a stock but also wants their capital to stay liquid. They do not want to choose between owning the position and having money to deploy. They post the stock, take the stablecoins and go do something else with them.
The second is a long-term holder who wants leverage, and for that person the interest rate is the entire decision. Over a few weeks, a 12% margin rate is an annoyance. Over three years, it compounds into a serious share of the return. That person is not really shopping for a loan. They are shopping for more exposure, and the cost of carry determines how much of it they can hold. For them, 0% is not a better deal. It is a different product.
Before the private beta opens, the gate is audited. The protocol holds other people’s equity collateral and writes options against it. There is no version of this where we open it up before the contracts have been through external review.
You describe the longer-term plan as a credit layer that issuers, exchanges and wallets can plug into. What would that look like for a partner in practice?
A white-label margin product that drops into someone else’s interface. An exchange, a wallet or a tokenized equity issuer can offer their own users 0% borrowing against their holdings without building any of the machinery underneath it. The API is built. An SDK and an MCP server are in progress.
The way I think about it, we are a layer, not a destination. The useful property of building this onchain is that other people can build on top of you without asking permission. There are financial instruments and funds that could be constructed on top of a 0% borrow that do not exist yet, and then instruments on top of those. We do not need to imagine all of them. We need to make the layer underneath dependable enough that other people bother.
Spout is not yet live on mainnet. Its beta runs on Solana devnet, and the company says the private beta will open after its smart contracts have completed external audits.
Helius CEO Mert Mumtaz has joined the NEAR Foundation Council, the body that oversees NEAR Protocol's foundation and its biggest decisions, as NEAR Intents tops $33 billion in volume.
Helius CEO @mert has joined the NEAR Foundation Council, the body that oversees the NEAR Protocol foundation and its biggest decisions. He remains at @Helius, which builds Solana ($SOL) infrastructure used by Phantom, Jupiter and Coinbase.
Who sits on the NEAR Foundation Council
Polosukhin said Mumtaz's
Why NEAR Intents is the common threadMumtaz is an early user of NEAR Intents. Mumtaz's own view is that Solana, Zcash ($ZEC) and Bitcoin ($BTC) cannot win alone, and that @NEARProtocol is how they work together.
The appointment comes as NEAR Intents grows. For comparison,
The protocol's design explains the cross-chain pitch.
The seat gives a leading Solana infrastructure operator a formal role in NEAR governance, which suggests growing overlap between two ecosystems often seen as rivals.
SourcesThe Block: Helius CEO Mert Mumtaz joins NEAR Foundation Council
PR Newswire: Helius CEO Mert Mumtaz Joins the NEAR Foundation Council
Bankless: Helius CEO Mert Mumtaz Joins NEAR Foundation Council
Solana Mobile has selected Ledger, a leading provider of crypto hardware wallets, as its first hardware expansion partner. Users will soon be able to access the Seeker app, the Solana dApp Store, and Solana wallet functionality directly on Ledger’s newest device, the Ledger Atom. This move represents Solana Mobile’s effort to extend its ecosystem beyond its own Seeker smartphones.
Ledger partnership expands Solana Mobile ecosystemBy partnering with Ledger, Solana Mobile aims to make its platform more accessible to users who may not own a Seeker device. The integration will allow broader access to Solana-based decentralized applications, leveraging Ledger’s established hardware security infrastructure.
Ledger is known worldwide for its hardware wallets, which provide secure digital asset storage through specialized chips known as Secure Elements and proprietary Ledger OS. The Ledger Atom is set to include Secure Mode for transaction approval, fortifying user protection when interacting with digital assets.
This collaboration increases the diversity of devices in Solana Mobile’s hardware base, potentially drawing more users into its application ecosystem without requiring exclusive investment in Seeker phones.
Solana Mobile stated that users will soon be able to explore Solana-based applications on Ledger’s new device, describing the partnership as a significant step in its expansion strategy.
However, the extent of the impact will depend on the availability of the Ledger Atom, actual adoption levels, and the volume of activity generated through the integrated app store and wallet.
Mini dictionary: Ledger Atom, the latest hardware wallet from Ledger, is built to integrate with third-party crypto apps and services, providing both security and flexibility for users managing digital assets.
Growth in tokenized stocks on SolanaBeyond hardware expansion, Solana continues to see momentum in tokenized stocks trading. The Solana project reported that 65% of tokenized stock activity on its network takes place outside standard US market hours.
Such continuous trading highlights a key feature of blockchain-based markets: transactions can occur globally, outside the constraints of traditional exchange schedules. This may give Solana an edge in supporting tokenized equities and alternative trading access.
Still, the reported 65% figure only captures market-timing trends rather than the volume or demand for SOL itself. Tokenized stock trading and demand for Solana’s native token represent separate metrics and outcomes.
The ongoing expansion of ecosystem functionality, including stock tokenization and third-party hardware integration, will ultimately be evaluated based on sustained growth in usage rather than initial announcements.
SOL price outlook: Support and resistance in focusSOL, the native cryptocurrency of the Solana network, has declined about 8% in the past week to $102, falling after encountering resistance at a descending trend line. Analyst Don highlighted this area as crucial for the near-term price outlook.
Traders are now focused on the support zone between $80 and $95, which Don regards as a key level for maintaining a potential bullish setup. This range has consistently held as a floor since 2021, despite several tests in recent years.
According to Don, a sustained rebound from the $80–$95 support zone could open the path to possible upside targets at $166 and $378, although failure to hold this level would weaken prospects for a reversal.
Analysts caution that retesting support alone will not guarantee a bullish outcome for SOL; the price must overcome resistance levels to maintain momentum. Technical targets remain projections and do not offer certainty for future performance.
MetricValueReferenceSOL price decline (1 week)8%From resistanceCurrent SOL price$102As of latest reportingKey support zone$80–$95Tested since 2021Upside targets (Don)$166, $378If support holdsFuture outlookThe introduction of Solana’s app ecosystem to Ledger Atom offers new user entry points, while tokenized stock trading represents an independent use case within the network. Neither development immediately assures increased demand for SOL, but they contribute to infrastructure expansion.
Market participants are monitoring whether SOL will remain above the $80–$95 zone, and whether the Ledger Atom partnership will drive further adoption when the device becomes widely available.
