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Bitcoin Bounces Above $82,000 as XRP, Solana Flash Buy Signals

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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

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.

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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.

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.

Stacks says its Bitcoin Staking feature has pulled in around 735 BTC across its first two bonding periods on mainnet. That figure arrived in the project’s Q3 2026 ecosystem update, published October 15.

How the 735 BTC broke down The total came from two separate windows. The first, called the Genesis Bond, opened on September 10, 2026, and contributed 230 BTC.

The second bond opened around October 10, 2026, and drew approximately 505 BTC. Its capacity was roughly 500 BTC, which means it was effectively filled to the brim.

Most of that second round came through a single channel. Around 483 of the roughly 505 BTC in Bond 2 was staked via Stacking DAO’s stBTC, a liquid staking token.

The stBTC route let a large share of Bond 2 stay in circulation as collateral across various decentralized finance applications while those coins kept earning staking yield at the same time.

The yield itself is projected at around 3% APY, paid weekly in BTC.

STX staking climbs after PoX-5 Stacks also reported that staking of its native STX token rose over 25% following the PoX-5 hard fork. That upgrade took effect on July 30, 2026. Since then, staked STX climbed from 392 million to 493 million tokens.

PoX stands for Proof of Transfer, the consensus mechanism Stacks has used since 2021. Rather than burning energy like Bitcoin miners, Stacks miners commit BTC to participate in the network. According to the update, those miners have committed over 4,200 BTC since the mechanism launched in 2021. PoX-5 is the latest revision of that system, and the Genesis Bond followed its activation by about six weeks.

Who showed up Stacks named 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital among the institutions that participated. On the custody side, integrations came from Fireblocks, Fordefi, and Anchorage Digital.

What this means for Stacks and Bitcoin yield Around 483 of Bond 2’s roughly 505 BTC flowed through stBTC, meaning a single liquid staking provider accounted for the bulk of the second round.

Stacks expects Bond 3 to launch around November.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

VanEck Withdraws SEC Filing for Proposed Lido Staked Ethereum ETF

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Meta (META) shares closed at $736.72, then dipped further to $735.02 after hours. Muse Spark Open offers 816 billion parameters and a 1M-token context window. Meta’s new AI model can run locally using two powerful M5 Ultra Mac Studio computers. Developers can access Muse Spark Open through leading API and cloud services. Meta expands its open-weight AI lineup following August’s Muse Glimmer launch. Meta Platforms shares fell Thursday, October 15, as the company released Muse Spark Open for coding and automated tasks. Meta (META) stock closed at $736.72, down 0.11%, then slipped 0.23% to $735.02 after hours. The launch expanded access to advanced AI tools, while shares recorded losses in both sessions.

Meta Platforms, Inc., META

Meta Releases Muse Spark Open for Coding Meta introduced Muse Spark Open as an open-weight model for software development and multi-step reasoning. The system has 816 billion parameters, with 42 billion active during processing. It also handles context windows reaching one million tokens, supporting lengthy, complex coding assignments.

The model processes multiple information formats and handles programming tasks that require several decisions. Meta said the system supports long projects and difficult software engineering work. Company evaluations also compared its performance against other open-weight models available to developers.

Open-weight releases let developers download parameters and customize systems for specific operations. Businesses can therefore control deployment and manage information within their preferred environments. Meta released a smaller model, Muse Glimmer, in August before introducing this larger system.

Mac Studio Deployment Brings Hardware Demands Meta designed Muse Spark Open to run on two Apple Mac Studios with M5 Ultra chips. The setup uses Apple’s MLX framework to manage machine learning operations locally. However, this configuration requires substantial hardware resources, including about one terabyte of memory.

The company tested Muse Spark Open alongside Muse Code, its terminal assistant for development work. One exercise involved updating a Mastodon client through software fixes and new features. These demonstrations illustrated how the system manages connected tasks without repeated manual instructions.

Meta also tested the model with DaVinci Resolve, a professional video editing application. The system reviewed footage and cropped selected sections during the demonstration. That work showed its potential for desktop tasks outside conventional programming assignments.

Meta Expands Access Through APIs and Cloud Services Meta made the model accessible through Baseten, Fireworks AI, Groq, Modal, Nebius, OpenRouter, and Together AI. Developers can download weights from Hugging Face, Amazon SageMaker AI, Google Cloud, and Microsoft Foundry. These services provide alternatives to installing an expensive local hardware setup.

Compatible inference engines include vLLM, SGLang, TensorRT-LLM, llama.cpp, and Hugging Face Transformers. The new model also supports AMD, Apple, Intel, and Nvidia hardware for wider deployment. Developers can customize the system using PyTorch for specialized applications.

Open-weight distribution can reduce dependence on proprietary providers and increase deployment flexibility. However, running large models still demands technical expertise and significant computing resources. Meta’s release expands its AI offerings as Thursday’s stock action remained slightly negative.

NEAR and Injective lead the late-day rebound

Aptos Expands Transaction Privacy With Petra Wallet Integration

Arbitrum has initiated the USDG Growth Program, introducing a $2 million ARB incentive designed to encourage increased use of USDG stablecoins within decentralized applications on its blockchain platform. The announcement comes as ARB trades around $0.173, with the token showing signs of consolidating near a critical technical breakout level.

Incentives Target Stablecoin AdoptionAccording to Arbitrum, any application maintaining at least $1 million in stablecoin balances can apply to join the Stablecoin Growth Program if it adopts USDG as its primary stablecoin. The program emphasizes performance-driven rewards, dedicated ecosystem support, and financial incentives for developers who meet predefined liquidity thresholds.

A total prize pool of 2 million ARB is available, reserved for the top 10 teams that achieve $10 million in total value locked (TVL) denominated in USDG. Eligible projects are expected to integrate USDG into their products and grow the stablecoin’s footprint, aiming to accelerate liquidity, payments, and decentralized finance (DeFi) activity within the Arbitrum ecosystem.

Developers who position USDG as their core stablecoin and reach the $10 million TVL milestone will compete for a share of the 2 million ARB rewards, establishing a direct link between ecosystem participation and tangible benefits.

The program’s long-term effectiveness hinges on persistent developer engagement, increasing liquidity, and continuous USDG usage beyond the planned incentive period. Active participation will be monitored through metrics such as TVL, application count, and stablecoin balance growth.

Mini dictionary: Arbitrum is a layer-2 scaling solution for Ethereum that offers faster and cheaper transactions by utilizing rollup technology, enabling decentralized applications to operate more efficiently.

Potential Impact on Network Activity and ARB PriceBy incentivizing USDG integration, Arbitrum seeks to stimulate network usage and intensify stablecoin liquidity. While the initiative links ecosystem growth to its native ARB token, analysts note that immediate effects on token demand and pricing may depend on the scale of adoption and application engagement.

Market observers are tracking the number of platforms joining the program, TVL milestones, and evolving stablecoin balances as indicators of adoption quality and consistency.

Crypto analyst Crypto With Gopal described ARB’s chart as consolidating within a converging triangle formation, with price currently near $0.173. The analyst identified support at $0.16 and descending resistance in the $0.19 to $0.20 range, noting that a breakout from this zone could set the stage for price targets between $0.25 and $0.32 if sufficient buying momentum emerges.

LevelPriceScenarioSupport$0.16Break below signals bearish pressureResistance$0.19-$0.20Break above may trigger bullish moveImmediate Price$0.173Current consolidation zoneBullish Target$0.25-$0.32Possible if resistance clearedConversely, a decline beneath the $0.16 support could weaken the present technical setup and expose ARB to further downward movement. The outcome relies on trading volume and market sentiment associated with both ARB and the broader cryptocurrency market.

As ARB approaches the apex of its triangle formation, the direction and strength of the next move remain uncertain until a decisive breakout or breakdown occurs, with the Stablecoin Growth Program providing an additional catalyst for potential ecosystem expansion.

Aside from technical indicators, the anticipated boost in USDG liquidity and engagement could support greater activity on Arbitrum’s network. However, implications for ARB’s market performance are yet to be determined and depend on sustained adoption metrics.

Indicators such as rising USDG TVL, growing user participation, and ARB’s reaction in the resistance region near $0.19 to $0.20 will be closely observed by market participants. A strong move above these levels would reinforce a bullish outlook, while a drop below $0.16 may shift sentiment to bearish.

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.

4 hours 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.

4 hours 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.

4 hours ago

Binance.US is seeking $100 million in financing to expand its crypto operations.

Bloomberg reported that Binance.US is seeking to raise $100 million to expand its cryptocurrency business.

4 hours ago

Stripe Co-founder: After acquiring Privy, its revenue rose approximately 9-fold, while wallet asset scale surged roughly 25 times.

Stripe co-founder Patrick Collison wrote that since Privy joined Stripe over a year ago, its wallet assets have grown roughly 25 times, monthly active developers have tripled, revenue has increased ninefold, and it now facilitates nearly $25 billion in transactions monthly. Companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features on Privy. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products to accelerate global expansion and feature development, and plans to launch a Link balance feature. Privy’s wallet infrastructure now supports AI agents for transactions and revenue generation, with use cases including Merit Systems and Nevermined. Collison forecasts that the agent economy will continue its rapid growth. The two sides are building a unified API that supports holding stablecoin balances and earning yields, fiat on- and off-ramps, and card-based spending. Collison also noted that significant integration work remains between Privy, Bridge, and Stripe’s other business units.

4 hours ago

Multiliquid raises $8 million in seed funding, led by Polychain.

Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a total of $8 million across its Pre-Seed and Seed rounds. The latest Seed round was led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. Details on the amount raised in each round and valuations were not disclosed. Multiliquid is now live on Ethereum and Solana, enabling institutions to complete two-way conversions between tokenized assets and stablecoins at net asset value (NAV) in a single atomic transaction with simultaneous settlement. The platform serves asset issuers, institutional treasuries, DeFi lending protocols, and market makers, supporting use cases including reserve rebalancing, margin management, and yield strategy adjustments. Operating on a non-custodial model, it enforces transfer restrictions, identity verification, and issuer-defined compliance rules at the settlement layer, and has already begun processing initial pilot transactions. The funding will be used to expand the protocol engineering team, increase liquidity and trading platform partnerships, and integrate more tokenized cash and Treasury products on EVM networks and Solana. The company stated that it currently has no plans to issue a token.

4 hours ago

Bitcoin Bounces Back As Macro Pressures And Leverage Fuel Gains

US stocks opened with Neocloud, storage, optical communication, and semiconductor stocks falling across the board, with NBIS and CRWV down more than 7%.

XDC Network has picked Concordium as the exclusive identity verification provider for its AI agent payments marketplace, giving agents an onchain badge tied to a verified owner.

@XDCNetwork has selected Concordium as the exclusive identity verification provider for its AI agent payments marketplace. The move lets agents show that a verified person or business stands behind them, without publishing who that owner is. The marketplace now operates under the handle @XDC_SI.

How the verification worksAgent owners must pass a passport check and a live face check. According to Invezz, the liveness check is run by an independent identity provider through the Concordium Wallet. Owners then link their XDC wallet using two signatures that do not transfer funds, and register the agent.

Once verified, the agent receives a publicly verifiable onchain badge. Personal information stays offchain. Daily.dev's summary of the announcement says disclosure of personal data would require a court order and joint action by independent Privacy Guardians.

The partnership also includes revenue sharing tied to verifications, and sponsored network fees mean users do not need to hold CCD tokens, according to the same summary.

Why accountability matters for agent paymentsThe marketplace launched in July 2026. The Next Web reported that it lets autonomous agents discover services and pay in USDC through non-custodial wallets using the x402 payment standard. The same report notes that existing payment infrastructure lets agents move funds but does not necessarily establish who is responsible for their actions.

That gap is the problem the integration targets. For businesses weighing the use of autonomous agents in financial operations, knowing who is accountable for an agent adds a layer of oversight. CoinJournal describes XDC Network as a Layer-1 blockchain focused on payments, trade finance and real-world assets, and says the check is meant to help institutions establish accountability before an agent is allowed to transact.

Concordium already verifies agents on Ethereum and Solana. The XDC deal is its first full-network integration, and the company said XDC is the first of many networks it expects to integrate with, as quoted by Blockchain Reporter.

Adoption will depend on whether developers and businesses use the badge in practice. The integration is an early test of whether onchain identity can sit alongside machine-to-machine payments without exposing the people behind them.

Sources

The Next Web: XDC Network integrates Concordium identity verification for AI agentsInvezz: XDC Network selects Concordium as identity verification layer for AI agentsCoinJournal: XDC Network selects Concordium for AI agent identity verification

The average US spot Bitcoin ETF holder spent most of 2026 underwater. According to ARK Invest, that is no longer the case.

The firm reports that holders’ investment gained 43% in a single quarter, a move it says indicates the market may be turning positive.

From deep outflows to a record week Rewind to mid-July. Cumulative net outflows from US spot Bitcoin ETFs had reached approximately $5.8 billion, driven by Bitcoin’s choppy price action.

Then the price turned. Bitcoin climbed from about $59,500 in early July to around $85,000 by early October, a gain of roughly 42.9%.

That rally mattered for one specific number: the average holder’s cost basis. Estimates put it between $81,722 and $82,000.

Cost basis is simply the average price investors paid to get in. Once Bitcoin traded above that range, the typical ETF buyer was sitting on a profit for the first time since January.

The flows followed the price. In the week ending September 25, 2026, US spot Bitcoin ETFs took in net inflows of approximately $2.4 billion.

That was the biggest weekly haul since October 2025. It also flipped total 2026 flows back into positive territory, with estimates ranging from $800 million to $934 million.

Who led the charge The single biggest day came on September 21, when inflows hit nearly $999 million.

BlackRock’s IBIT led the category. ARK’s own product, the ARK 21Shares Bitcoin ETF, ticker ARKB, pulled in roughly $289 to $295 million during its peak week in September.

Across the funds, ETF holdings grew by approximately 88,000 BTC since July, lining up closely with the price surge.

What this means for investors The most important figure here may be the cost basis range itself. With Bitcoin around $85,000 and the average entry near $81,722 to $82,000, the typical holder’s cushion is only a few thousand dollars.

ARK’s framing describes the market as one that may be turning positive. Note the hedge: may.

The flow data does point to renewed institutional engagement. A $2.4 billion week and a near-$999 million day are not the behavior of a crowd that has given up on the asset.

The approximately $5.8 billion outflow by mid-July happened because holders reacted to losses, and the reversal happened because they reacted to gains.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Injective's IIP-709 governance proposal would enable fixed gas fees for core exchange messages on mainnet. Voting on the $INJ proposal closes October 17, 2026.

Injective (@injective) has put forward a governance proposal that aims to make transaction costs more predictable and reduce latency on its network. The proposal, known as IIP-709, would enable fixed gas fees for core exchange messages on mainnet.

The feature has been available on Injective's testnet since July 2026 but has not been activated on mainnet. Voting is set to close on October 17, 2026. Roughly 23 million $INJ in voting power has been recorded so far, and quorum has been reached, according to the latest data.

What IIP-709 would changeAccording to TokenPost, the proposal would set the exchange parameter fixed_gas_enabled to true. Covered messages include order placement, order cancellations, deposits, withdrawals and subaccount transfers.

Today, gas usage is typically estimated through transaction simulation. Moving to predefined values could reduce that estimation overhead and give users clearer visibility on execution costs, as noted in community commentary on KuCoin News. Integrators and market makers could use published gas requirements for supported messages instead of estimating gas for each transaction, TokenPost reports.

The change would not remove costs altogether. Crypto Briefing notes that fixed pricing does not mean free pricing, so spam protections remain in place. TokenPost adds that trading fees are separate from gas and would be unchanged.

Gas values and documentationInjective's own documentation says the fixed gas heuristics require fixed_gas_enabled to be set to true in the exchange module parameters. The Injective developer docs state the setting is enabled on testnet and would be activated on mainnet through a governance params proposal.

Published figures vary by source and measurement scope. Injective's API reference lists fixed requirements such as 120,000 gas for derivative limit orders and 70,000 for derivative order cancellations, while TokenPost notes the final amounts for the proposed mainnet configuration are not specified.

The proposal comes as Injective already offers low fees. Crypto Briefing puts the minimum gas price at 160,000,000 INJ units, which it says works out to typical fees of about $0.0003 per transaction. Stakers of $INJ can vote on the proposal until the October 17 deadline.

SourcesTokenPost: Injective Proposal Would Set Fixed Gas for Selected Exchange Messages

Crypto Briefing: Injective proposes fixed gas fees to make DeFi trading costs predictable

Injective Docs: Gas Heuristics

Phoenix Trade, a fully onchain, non-custodial perpetuals exchange built on Solana, has launched a perpetual futures market offering exposure to Anthropic, giving traders a new way to speculate on the artificial intelligence company's valuation before a potential public listing.

Traders can now go long or short ANTHROPIC 24/7 with up to 6x leverage. Phoenix introduced support for $SOL as collateral in September, and the cash-settled ANTHROPIC perpetual market will support both $USDC and $SOL as collateral, letting users manage positions from the same account they use for cryptocurrency, equity, and commodity markets. 

How Phoenix Prices ANTHROPIC Phoenix uses a custom pricing model that combines onchain and offchain inputs to determine ANTHROPIC's reference price. The mechanism builds on Impact Pricing, which Phoenix uses for real-world asset perpetuals when external markets close.

Rather than freezing the last external oracle price until markets reopen, the system gradually adjusts that reference price based on liquidity and activity in Phoenix's order book. This approach lets the market keep operating outside conventional trading hours.

Anthropic's Revenue Climbs 45% to $16.8B The launch comes as Anthropic prepares for a potential IPO that could rank among the largest in history. Anthropic executives reportedly told prospective investors yesterday, October 14, that revenue reached $16.8 billion in Q3 2026, up approximately 45% from $11.6 billion in Q2. Revenue rose from $4.7 billion in Q1, marking successive quarterly increases this year.

The company, which develops the Claude AI assistant, also reportedly said it remained profitable for a second consecutive quarter after certain adjustments. Its adjusted gross margin reached 85%.

Bankers have reportedly discussed a potential fundraising target above $100 billion and a $2 trillion valuation. Anthropic could begin trading publicly as early as next month, although the timing and terms remain uncertain.

These figures help explain why traders may want exposure to Anthropic before a listing. However, ANTHROPIC perpetuals provide leveraged price exposure rather than ownership rights or a claim on the company's financial performance.

Anthropic Already Attracts Pre-IPO Traders on Solana Phoenix enters a market that has already attracted considerable activity on Solana. According to a September report by Allium Labs, 7 pre-IPO tokens generated $1.3 billion in trading volume on Solana this year. SpaceX led with $330 million, followed by OpenAI at $272 million, while Anthropic ranked third by volume.

Anthropic nevertheless attracted 23,722 traders, more than SpaceX, suggesting that interest extends beyond the largest trading markets. Phoenix's new offering gives traders another venue to express their views, now with up to 6x leverage.

Phoenix Volume Climbs as Solana Expands Trading Incentives Phoenix's launch also comes amid rising activity across its perpetual markets. The exchange has recorded several weekly trading volumes above $300 million since late July, according to Blockworks data. Phoenix generated over $1 billion in volume in both August and September alone.

Its growth coincided partly with Flight Club, Phoenix's incentive program that distributed $420,000 to traders between July 27 and August 23. Solana's Frontier Traders program has provided another source of incentives, tracking activity across 16 venues and offering more than $1 million in total prizes. Season 1 focuses on perpetual futures trading through Phoenix Trade and Solflare Perps powered by Phoenix.

Phoenix’s launch of ANTHROPIC perps and its expanding lineup aims to address Solana traders’ long-standing complaints about limited perps trading options and help Solana’s perps ecosystem compete with more established venues like Hyperliquid. Solana traders have long cited the lack of available trading pairs as one of the biggest barriers to adoption. Phoenix’s listings are helping close that gap and give users fewer reasons to look elsewhere. 

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Jito CEO Says The End of CEXs is Closer Than You Think

XRP Channel Maps Out Level That Could End Current Pullback or Lead to Deeper Declines

Cryptocurrency hacks soared to $1.18 billion across 107 recorded incidents in the third quarter of 2026, according to security company Hacken.

Hacken’s Q3 report attributed 77% (about $906 million) to compromised suppliers or developer tools, publicly disclosed fixes that had not been deployed, or other components outside security reviews.

The four largest incidents included the $387 million Bitget hack, the $320 million Liquid Network exploit, the $120 million Tectonic exploit, and the Coldcard firmware vulnerability, associated with an estimated $115 million in losses.

This Q3 was the most damaging quarter for crypto hacks since Q1 2025, when Bybit’s $1.4 billion loss to North Korea pushed the total to $1.6 billion.

Q3 losses in total amount and composition. Source: Hacken

About 80% of the quarter’s losses were concentrated in four of the largest incidents, while 98 of the incidents recorded losses below $10 million. The median loss across all 107 incidents was $670,000.

While supplier compromises and infrastructure failures drove much of the stolen value, smart contract incidents were the most frequent, accounting for $228 million in losses across 71 incidents as the most exploited attack vector.

About a third of losses was returned or reversed after Q3 crypto hacksOf the $1.18 billion lost, about $387 million was returned or reversed, accounting for the recovery of about 33% of gross losses.

Following the Liquid Network hack, self-proclaimed “white hats” returned $272 million, representing about 85% of the stolen value.

In the Tectonic incident, Cronos validators rolled back 114 minutes of settled blockchain history, reversing about $111.2 million of the $120.4 million in affected borrowing. Also, stablecoin issuers Circle and Tether froze about $340,000 tied to the Bitget theft.

Operators covered an additional $410 million of user losses from their own funds. Bitget’s user protection fund covered $387 million, while Triple-A, Coinsbuy and TAC repaid about $22 million, making users whole, while stolen assets remained with attackers.

About $384 million, or 32% of gross losses, was neither returned nor covered.

Amount of losses covered by operators, compared to amount returned or reversed. Source: Hacken

Hacken urged industry participants to strengthen the cybersecurity of third-party suppliers, developer tools and other external infrastructure that may fall outside security audits.

The company also recommended that protocols expand security audits to include oracles, bridgers, custody systems, signing authorities and other privileged components.

Magazine: Inside the ‘fake police raid’ that forced a $1M Bitcoin transfer

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

9 hours ago

Rocket Lab announced it has pushed back the first launch of its Neutron medium reusable rocket from the fourth quarter of 2026 to 2027, primarily due to manufacturing issues with carbon fiber composite parts for the rocket’s first-stage propellant tank. The company still needs to carry out design optimization and adjust production processes. This is not the first technical setback Neutron has encountered: in January this year, the rocket’s first-stage tank ruptured during a pressure test, leading to extended subsequent manufacturing and verification work. The latest delay further pushes back Rocket Lab’s timeline to enter the medium launch vehicle market and compete with SpaceX for large satellite launch contracts, while also extending risks related to its R&D costs and commercial revenue realization cycle. Hit by the news, RKLB (Rocket Lab’s US stock) fell further in after-hours trading. Per TradingBeats monitoring, RKLB on Hyperliquid is currently trading at $54.53, down roughly 14.8% in 24 hours. A whale holding around 44,400 RKLB long positions was liquidated this morning, with a nominal transaction amount of about $2.49 million and a trading loss of approximately $740,000 (0x58f0). In an August 11 Bloomberg report, Rocket Lab had previously stated that its Neutron rocket project faced new delay risks, with the first launch possibly pushed to 2027. The company plans to deliver Neutron to the launch pad in the fourth quarter as scheduled, but has not confirmed the rocket will complete its first flight this year. Rocket Lab had originally targeted a first Neutron launch by the end of 2026. Earlier update: Rocket Lab warned of delay risks for Neutron’s first flight, potentially pushing it to 2027.

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Jito [JTO] continued its decline, dropping roughly 14% over the past day and 17% over the past seven days.

The slide coincided with falling Total Value Locked (TVL), lower Fees, and net outflows from the perpetual market. Together, these signals suggested weakening participation, although Spot Exchange Outflows offered a possible counterpoint.

Why did Jito’s TVL fall $193 million?
On-chain activity showed signs of weakness, with Jito’s TVL shrinking notably.

TVL measures the value of assets deposited in a protocol. However, changes can reflect both withdrawals and movements in deposited assets’ prices.

Source: DeFiLlama
Jito’s TVL fell by over $193 million between the 5th of October and press time, reaching $1.076 billion. That decline suggested a smaller capital base, although TVL alone could not establish whether users had withdrawn funds.

Fees weakened too. According to DeFiLlama, Fees fell from $532,600 to roughly $220,729 across the period, a 58.56% decline.

Lower Fees were consistent with reduced revenue-generating activity, adding to the pressure surrounding Jito’s performance.

What are JTO’s derivatives traders signaling?
The weakness extended into the perpetual market, where Netflows remained negative.

Over the past 24 hours, JTO recorded roughly $3.8 million in net outflows. Gross outflows reached about $30.59 million. These figures pointed to capital leaving the market, although they did not independently establish which positions traders closed.

Source: CoinGlass
Meanwhile, the Funding Rate fell to -0.0020%, signaling bearish pressure in perpetual pricing. A negative Funding Rate generally means shorts pay longs. It does not establish how total capital is divided between them.

JTO’s reported $46.93 million in Open Interest therefore represented outstanding contracts, rather than evidence of more capital allocated to shorts.

Could JTO withdrawals offer some relief?
Spot Exchange Netflows offered a different signal, reaching roughly -$635,000 over the past 24 hours.

Negative Exchange Netflows meant more JTO left tracked exchanges than entered them. Those withdrawals could reflect accumulation or transfers into custody.

Traders sometimes withdraw tokens when preparing to hold them longer. Still, exchange withdrawals alone could not confirm fresh buying.

Source: CoinGlass
Cumulative Netflows also remained negative across the 3-day, 5-day, and 7-day periods, showing that withdrawals persisted. That offered a possible bullish counterpoint. Whether those withdrawals translate into price support remains an open question.

Final Summary

Jito’s TVL fell over $193 million, while Fees dropped 58.56%, signaling weaker protocol activity.
JTO’s persistent Spot Exchange Outflows suggested possible accumulation, although fresh buying remained unconfirmed.

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STRK: Starknet Foundation opens non-binding STRK poll on exploring becoming an independent post-quantum L1

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.

6 minutes ago

Binance.US is seeking $100 million in financing to expand its crypto operations.

Bloomberg reported that Binance.US is seeking to raise $100 million to expand its cryptocurrency business.

6 minutes ago

Stripe Co-founder: After acquiring Privy, its revenue rose approximately 9-fold, while wallet asset scale surged roughly 25 times.

Stripe co-founder Patrick Collison wrote that since Privy joined Stripe over a year ago, its wallet assets have grown roughly 25 times, monthly active developers have tripled, revenue has increased ninefold, and it now facilitates nearly $25 billion in transactions monthly. Companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features on Privy. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products to accelerate global expansion and feature development, and plans to launch a Link balance feature. Privy’s wallet infrastructure now supports AI agents for transactions and revenue generation, with use cases including Merit Systems and Nevermined. Collison forecasts that the agent economy will continue its rapid growth. The two sides are building a unified API that supports holding stablecoin balances and earning yields, fiat on- and off-ramps, and card-based spending. Collison also noted that significant integration work remains between Privy, Bridge, and Stripe’s other business units.

6 minutes ago

Multiliquid raises $8 million in seed funding, led by Polychain.

Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a total of $8 million across its Pre-Seed and Seed rounds. The latest Seed round was led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. Details on the amount raised in each round and valuations were not disclosed. Multiliquid is now live on Ethereum and Solana, enabling institutions to complete two-way conversions between tokenized assets and stablecoins at net asset value (NAV) in a single atomic transaction with simultaneous settlement. The platform serves asset issuers, institutional treasuries, DeFi lending protocols, and market makers, supporting use cases including reserve rebalancing, margin management, and yield strategy adjustments. Operating on a non-custodial model, it enforces transfer restrictions, identity verification, and issuer-defined compliance rules at the settlement layer, and has already begun processing initial pilot transactions. The funding will be used to expand the protocol engineering team, increase liquidity and trading platform partnerships, and integrate more tokenized cash and Treasury products on EVM networks and Solana. The company stated that it currently has no plans to issue a token.

6 minutes ago

Jensen Huang backs CoreWeave: The company’s financial conditions continue to improve and it does not require guarantees from NVIDIA.

Nvidia CEO Jensen Huang said data center operator CoreWeave’s financial health is improving. Nvidia is CoreWeave’s computing equipment supplier. Speaking at an event in Stockholm, Huang stated: “CoreWeave’s strength grows stronger every day.” He believes Nvidia does not need to provide financial guarantees for CoreWeave. “I am optimistic. In fact, their cost of capital is declining.” Earlier, credit market confidence in CoreWeave had deteriorated, with concerns rising over its default risk, and Huang is trying to restore market confidence in the company. CoreWeave is a key case testing the sustainability of business models for emerging AI infrastructure firms. These firms emerged to meet the nearly unlimited growth in AI computing power demand as described by companies like Nvidia. Backed by suppliers including Nvidia, CoreWeave and similar entities have taken on large amounts of debt, sparking market concerns about circular financing generating artificial demand.

6 minutes ago

During intraday U.S. stock trading, most crypto-related concept stocks turned positive, with Circle surging over 7%.

According to market data from BIT (bit.com), most US-listed cryptocurrency-related stocks turned positive during US trading hours. Circle (CRCL) rose 7.10%, Block (XYZ) gained 3.80%, Strategy (MSTR) rose 3.79%, Coinbase (COIN) gained 3.29%, and BitMine (BMNR) rose 1.71%.

6 minutes ago