Increased XRP availability on Binance may pressure prices, impacting trader sentiment and potentially altering market dynamics significantly.

The post XRP Binance scarcity index falls to lowest level since January 2025 appeared first on Crypto Briefing.

Increased XRP liquidity on Binance may ease supply constraints, impacting market dynamics and potentially altering future price trajectories.

The post XRP Binance scarcity index hits lowest level since January 2025 appeared first on Crypto Briefing.

Altman's interview could significantly influence OpenAI's market valuation and strategic direction, impacting investor confidence and future growth.

The post OpenAI CEO Sam Altman set for CNBC interview as prediction markets track valuation milestones appeared first on Crypto Briefing.

Rising gilt yields signal tighter UK monetary conditions, potentially influencing BoE's rate decisions and impacting economic growth.

The post UK 10-year gilt yield hits highest level since 2007 amid BOE policy watch appeared first on Crypto Briefing.

The intensified lobbying by Nvidia and AMD highlights the growing tension between US tech interests and national security policies, impacting global AI dynamics.

The post Nvidia, AMD ramp up White House lobbying on China exports appeared first on Crypto Briefing.

Bitcoin Magazine

Belarus Approves the Country’s First Crypto Banks: Report 

The first crypto banks have opened in Belarus, according to reports, after the European country earlier this year created a legal framework for Bitcoin banks. 

While not yet named, the crypto banks will start operations after obtaining accreditation from the National Bank of Belarus, Russian news agency Interfax reported Monday. 

Back in January, Belarusian President Alexander Lukashenko signed Decree No. 19 “On Cryptobanks and Certain Issues of Control in the Field of Digital Tokens,” officially creating a legal framework for bitcoin and crypto banks in the country. 

“The practical outcome of today’s discussion is the launch and registration of the first crypto banks in the country’s history,” Interfax reported the press service of High-Tech Park saying in a statement.

High-Tech Park is a tax and legal regime in Belarus. Digital asset transactions are permitted in the zone. 

The statement added that banks would be regulated by Hi-Tech Park and the National Bank. 

Dmitry Kalechits, first deputy director of the High-Tech Park supervisory board secretariat, was quoted saying that the move would “improve the flow of the financial ecosystem” and drive foreign investment to Belarus. 

President Lukashenko last September backed the National Bank’s initiative to establish crypto banks in the country. 

The country has long pushed pro-crypto regulations. A 2017 decree legalised crypto mining and trading and temporarily exempted individuals’ crypto income from tax and declaration. That exemption was extended to 2025 and has since been narrowed, with income from foreign platforms now taxed at 13%.

Lukashenko has repeatedly promoted Bitcoin mining as a use for surplus electricity, and in 2025 the Mogilev region began preparing sites for mining farms with his backing.

This post Belarus Approves the Country’s First Crypto Banks: Report  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

UK Chancellor of the Exchequer Blasts Nigel Farage’s ‘Bitcoin Account’ 

UK Chancellor of the Exchequer John Healey has appeared to slam Reform Party leader Nigel Farage’s use of Bitcoin. 

In a Monday speech, the finance minister said that Nigel Farage — a pro-crypto member of parliament — was “Liz Truss with a Bitcoin account.” 

Farage, who is leading the increasingly popular Reform Party, has come under fire recently for receiving donations from crypto entrepreneurs. Liz Truss was the UK’s shortest serving Prime Minister who was heavily criticised for her debt-fueled 2022 mini budget. 

“Nigel Farage — he wants you to think he’s a man of the people,” Healey said. “But when it comes to the economy, he’s Lizz Truss with a Bitcoin account.” 

Healey went on to say that his leading Labour Party would help the UK get ahead “through fiscal discipline, through good work, through strong industries.”

His comments were criticized by the Bitcoin community on X, who asked what a “Bitcoin account” even was. 

“Apparently ‘Bitcoin account’ is now a thing,” the Simply Bitcoin account wrote on X. “Incredible stuff from one of the people running Britain.”

Populist Farage has long been a pro-crypto politician. Since 2020, he has framed Bitcoin mainly as a question of personal freedom and opposition to state control of money.

Farage has also said that he was debanked by private British bank Coutts and that led him to develop more interest in digital assets. 

Just last year, he said at the Bitcoin 2025 Conference at Las Vegas that he’d slash crypto capital gains taxes and force the Bank of England to establish a Bitcoin reserve if elected as the next Prime Minister.  

Farage has come under fire this year for receiving millions of dollars in the form of crypto donations from tech entrepreneur and Tether investor Christopher Harborne, and Ben Delo, one of the founders of the now-closed BitMEX crypto exchange. 

The Metropolitan Police have opened an investigation into reports that Reform broke rules against overseas donations. Reform denies wrongdoing and says it will cooperate.

This post UK Chancellor of the Exchequer Blasts Nigel Farage’s ‘Bitcoin Account’  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses

Citigroup is working with America’s biggest crypto exchange, Coinbase, in its latest blockchain-based venture. 

The two companies said in a joint statement Monday that they were teaming up to allow Citi clients to move between regular money and stablecoins without having to build or manage both banking and crypto systems themselves.

The announcement comes as banks worldwide utilize Bitcoin’s underlying technology to speed up their processes and cater to crypto-hungry customers. 

Citi last month said it would allow institutional investors to custody both traditional assets and bitcoin within one framework, rather than needing separate systems, later this year. 

“Our clients operate in an increasingly fast-paced and complex global economy, and we’re focused on delivering the solutions they need,” said Debopama Sen, Head of Payments, Services, Citi. 

“Our goal is to build the next generation of payments infrastructure — one that is seamless, interoperable, and operates across both traditional and digital payments instruments and networks.”

There are two parts to the deal, the announcement said. Firstly, Coinbase Virtual Accounts, built on Citi’s banking-as-a-service platform, will give Coinbase’s payments customers bank-account-like features so they can accept, hold, send funds. Citi will provide the regulated banking backbone so that incoming fiat can be automatically converted to stablecoins. 

Secondly, Citi’s merchant platform, Spring by Citi, will use Coinbase’s infrastructure so that Citi’s enterprise clients can accept stablecoin payments at checkout. Coinbase will convert the stablecoins to fiat, and Citi settles the funds, so merchants never have to hold or manage crypto directly.

“Fintechs building on Coinbase have always needed a fast, compliant bridge between fiat and stablecoins, and Citi gives us that at scale,” Coinbase’s Head of Infrastructure Product, Alec Lovett, said. 

Coinbase and Citi first announced last year that they would partner to enhance digital asset payment capabilities for institutional clients.

Citi has a number of blockchain offerings, including Citi Token Services, which enables real-time cross-border payments using tokenized deposits.

The firm since last year has also been working with other top banks — including Deutsche Bank, Goldman Sachs, and Bank of America — to explore issuing a stablecoin product.

This post Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Strategy and Strive Scoop Up More Than 2,700 Bitcoin in a Week

Bitcoin treasuries are loading up again. 

Strategy, the largest corporate holder of bitcoin, announced Monday that it had bought 1,665 coins last week for $142.7 million — its second buy in a row after a brief hiatus. 

The Nasdaq-listed company added that it had also bought back $152 million in its preferred stock, STRC. Strategy now holds 847,666 bitcoins worth $70.5 billion, according to a filing with the Securities and Exchange Commission. 

Elsewhere, the fifth biggest bitcoin treasury, Strive, said it had last week snapped up 1,107 BTC for a total cost of  $94.5 million — bringing its holdings to 27,462 coins. 

The two companies have continued to stack coins despite the bitcoin treasury model taking a hit. Major treasuries like Strategy, Satsuma, Smarter Web Company, Sequans, Nakamoto, and Empery Digital have all sold bitcoin this year to repay debt, fund operations or finance buybacks, while others have folded or pivoted to AI infrastructure as their share prices collapsed. 

Strategy stock (MSTR) has lost over 50% of its value over the past year. Strive (ASST) is down by more than 30% over the same period. 

Still, both Strategy and Strive have reassured investors that it’s just business as usual and bitcoin will bounce back. 

Strive CEO Matt Cole has repeatedly said that the company is debt-free, with zero margin requirements, and zero encumbered bitcoin, calling it a balance sheet built to thrive through volatility. 

Strategy has defended having to sell bitcoin this year, with CEO Phong Le boasting that the company now has a “bullet-proof balance sheet” because of the sales, and that it was the “right trade at the time” to sell when it did.  

The software company last week announced it plans to pay investors daily dividends on four of its preferred stocks — STRF, STRC, STRK, and STRD.

Bitcoin’s price recently stood at close to $83,409, down 3% over the past week. 

This post Strategy and Strive Scoop Up More Than 2,700 Bitcoin in a Week first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Dollars In, Bitcoin Out: Breez SDK Debuts New Stablecoin Feature

Despite being so-called digital dollars, stablecoins aren’t always simple to use. They run on various crypto networks that need different digital wallets — the type of thing that can put crypto newbies and seasoned bitcoiners alike off. 

But Bitcoin software provider Breez has come up with a solution: Apps built on its Breez SDK can now let users with a bitcoin balance accept stablecoin payments from over 30 networks. 

Breez’s SDK is a developer toolkit that lets apps add bitcoin payments without building the payment infrastructure themselves. It handles wallet creation, sending and receiving and Lightning Network payments. Developers can offer bitcoin features with a few lines of code instead of running nodes or managing liquidity.

Breez said Monday that with the new feature, the receiver picks the sender’s network and an amount. The SDK generates a deposit address and shows what will arrive, and the sender pays from their usual wallet as normal. 

Flashnet converts the payment in the background, and the funds land in the receiver’s non-custodial wallet as bitcoin, or as dollars if they use the stable balance feature. 

Breez released its send USDT/USDC feature in June, allowing a single Breez-powered balance to now move stablecoins in both directions across nearly any network. 

It’s the latest in a series of usability upgrades, after Passkey Login, instant Cash App onboarding, and Stable Balance.

Breez has been layering on features to make bitcoin apps feel more like regular fintech apps: passkey login instead of seed phrases, instant onboarding, dollar-denominated balances, and now cross-chain stablecoin payments. Breez’s Glow, which debuted in August, is its reference app for showing what the SDK can do.

Breez in July announced it was working with Turnkey in a deal letting developers add non-custodial Bitcoin to apps running wallets from their own servers — solving a custody problem that has kept many of the largest consumer platforms from integrating Bitcoin at all.

This post Dollars In, Bitcoin Out: Breez SDK Debuts New Stablecoin Feature first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Chainlink's CCIP 2.0 lets a token issuer require an additional verifier before tokens finish moving from one blockchain to another. A sending pool may already have locked or burned the tokens when that check becomes decisive: without the verifier's attestation, the receiving chain cannot release or mint them.

Announced on Sept. 28, the feature adds optional Cross-Chain Verifiers (CCVs) alongside CCIP's default Committee Verifier. An issuer or third party can operate one and make its approval a condition of delivery.

That gives the operator's rules and uptime a direct role in a holder's exit path. Chainlink's launch material does not identify a named production asset and lane using an issuer-run required CCV, so the mechanism is not evidence of a holder's transfer being blocked.

The point where a transfer can wait

CCIP's OnRamp assembles the applicable verifier requirements of a token transfer, and the token pool locks or burns the tokens. The OnRamp then records the message for offchain verifier services.

Those services watch the source event, apply their finality and verification rules, and publish attestations tied to the message ID.

On the destination chain, CCIP's OffRamp checks the required attestations before the pool releases or mints tokens. Its checks draw on the lane and token-pool settings and, when a receiver contract is involved, that receiver's requirements.

Sender preferences can add to the source-side verifier set. A token-only transfer has no receiver callback whose verifier preferences must be checked. This sequence places the lock or burn before verification and the destination release after it.

A source transaction may have succeeded while destination delivery remains pending, so Chainlink says all required CCVs must return valid results before execution proceeds. Its trust model warns that an unresponsive verifier can stall every message requiring its attestation.

If an issuer runs such a verifier and makes it required for its token pool, the issuer's service becomes one of the parties able to delay completion. A third-party operator would create a similar dependency under that operator's control.

That is a control the design permits, not evidence that an issuer has deliberately blocked a holder's transfer.

Chainlink says the default Committee Verifier comprises 16 independent node operators, with additional CCVs sitting alongside that baseline.

An issuer or application choosing one gains another check but must also assess who operates its contracts and offchain service, what rules that service applies, and whether it stays available.

Chainlink assigns external CCV operators responsibility for implementation, maintenance, and uptime. The key question for a holder is which attestations are mandatory for this token on this route, and who can produce each one.

What a holder can do when delivery stops

Execution on the destination chain is permissionless once every required proof exists and any optional verifier quorum has been met.

Chainlink's default executor normally submits the transaction, but anyone can submit it, including through the manual execution path. Changing the executor or paying destination-chain gas does not waive a missing required CCV attestation. The OffRamp still checks the proofs before releasing or minting tokens.

The recovery path depends on where a message stopped. If the required attestation has not been assembled, the destination message can remain UNTOUCHED, meaning no execution has been recorded. If a submitted destination attempt fails inside the OffRamp's protected path, it can be marked FAILURE.

Chainlink says a failed attempt can be retried after the underlying problem is fixed. Its default executor retries failures within a configured window currently set at eight hours, and that limit describes the automated service.

A holder has a usable manual route only after the necessary proofs are available and any destination-side failure is fixed. The manual execution guide describes how to inspect verifier status and execution state, including cases where the indexer has not collected an external verifier's result.

Chainlink's published manual execution route does not specify a general automatic cancellation, refund, or return of source-chain tokens when a required verifier never attests. Any issuer-specific remedy would depend on that asset's arrangements.

On EVM chains, a configured Chainlink Automated Compliance Engine hook can reject an outbound transfer before the source pool locks or burns anything. That preflight failure reverts the source transaction.

A separately configured destination postflight hook can reject release or mint after the source-side transfer has started, leaving the tokens undelivered until the policy condition is resolved and execution is retried. The ACE integration guide describes these as distinct, optional configurations.

A live release, with deployment questions

Chainlink's mainnet directory lists supported networks and tokens, but a listing does not show whether a given production lane requires an issuer-operated verifier or has enabled a destination ACE gate. Nor does a partner announcement or an earlier asset migration establish those settings.

Without the token pool, route, and verifier configuration, this new power cannot be attributed to the issuer of a named asset.

The release separately offers faster-than-finality transfers. Full source-chain finality remains the default, while the faster option can expose a transfer to duplicate destination execution after a deep enough reorganization, according to Chainlink's FTF guide.

Other required CCVs may apply their own reorganization rules, but that speed choice does not change the need for required attestations.

CCIP 2.0 gives issuers a stronger way to set cross-chain delivery conditions. For holders, the essential questions are which checks apply to their asset, who controls them, and what remedy exists if one cannot be completed after the transfer starts.

The post Chainlink CCIP 2.0 exposes bridge risk, and issuer gates trigger stalls appeared first on CryptoSlate.

Citi institutional clients can now accept stablecoin payments through Spring by Citi using Coinbase's payments infrastructure, Coinbase said on Sept. 28.

The exchange also said its Virtual Accounts can automatically convert incoming fiat into stablecoins using Citi's Virtual Account Wallet. The announcement gives the companies' earlier digital asset payments partnership two defined uses, one for receiving stablecoins and the other for moving money received in a conventional currency into them.

For Citi's institutional clients, the relevant service is Spring by Citi, as Coinbase supplies the infrastructure that enables stablecoin acceptance through it. A business using that route would begin with a stablecoin payment.

Coinbase describes the capability as available now, but its announcement does not identify a client that has processed a payment through Spring or disclose how much has been transacted.

Coinbase Virtual Accounts address the other side of the exchange between traditional money and stablecoins. Citi's Virtual Account Wallet powers the accounts, which Coinbase says give customers fiat wallets that automatically convert incoming fiat.

The described flow starts with a traditional currency payment and ends with stablecoins in the customer's account. The company has not specified the eligible currencies or stablecoins in the public summary, so the precise conversion choices remain unclear.

The two routes serve different customers and begin with different forms of money. Citi's institutional payment clients gain a stablecoin acceptance option, while Coinbase Virtual Account customers gain an automated route from fiat receipts into stablecoins.

Coinbase has not outlined market-specific eligibility or prices for either Citi-linked path in its blog summary. The functions may be complementary, but the announcement does not establish that a single customer can use both.

The partnership predates these named services. In October 2025, Citi said it and Coinbase intended to develop institutional digital asset payment capabilities, initially focused on fiat pay-ins and pay-outs for Coinbase's on- and off-ramps and payment orchestration.

Citi said specific initiatives would follow, and the Sept. 28 description sets out two of those initiatives as customer-facing payment paths.

The stated availability leaves open whether institutions are using either path and at what scale. Coinbase's summary gives no customer count, payment volume, or named live merchant for the Citi integration.

Those missing operating details limit any assessment of the partnership's reach, even as the companies have moved from an exploratory plan to specified payment capabilities.

The post Coinbase powers Citi’s new stablecoin rails, and corporate banking faces a major shift appeared first on CryptoSlate.

Bank-owned US payments operator The Clearing House has chosen Quant to supply software for a planned network for tokenized bank deposits.

The September 24 deal gives Quant a role in moving digital representations of bank deposits between institutions, but it doesn't address whether those transactions require Quant's QNT utility token.

QNT registered an intraday high of $373 on Sept. 27, but retraced heavily on Sept. 28, registering an intraday low of $195.35 before rebounding.

What Quant will provide

The Clearing House announced its On-Chain Money Initiative in June as a way for banks to clear and settle tokenized commercial-bank deposits across institutions. Unlike a publicly issued stablecoin, a tokenized deposit remains a claim on the issuing bank.

The planned network would connect this activity to established fiat payment systems, so bank money could move between on-chain and conventional infrastructure. The Clearing House says it aims to support immediate settlement and payments that trigger when agreed conditions are met.

On Sept. 24, The Clearing House selected Quant for the layer that connects systems, orchestrates activity and manages transactions. Its technology is also intended to link the network to RTP and CHIPS, two existing Clearing House payment systems.

Quant's announcement described the same role and said it will offer Tokenized Deposits-as-a-Service to US institutions using The Clearing House that lack their own tokenized-deposit capability.

The network is expected to become available to participating institutions in the first half of 2027. Neither September announcement reports a live rollout nor names banks that have subscribed to Quant's additional service.

A technology selection then provides no published schedule of transaction volume or service revenue.

Quant's general terms define QNT as a utility token customers may use for Quant products and services. The Clearing House and Quant do not say that participating banks must acquire or hold QNT, pay a network fee in it, use it as a settlement asset, or burn it.

Banks backed the initiative when it was unveiled in June, before Quant was named. Their support for the network is not a disclosed commitment to buy QNT or subscribe to Quant's bank-side service.

How a bank payment could reach QNT

Quant's public payment options say fees may be agreed during ordering, shown on a subscription dashboard, or specified in an order form. Transaction fees can be paid monthly or annually in advance, with possible overage invoices.

The agreement allows card payment and invoices where Quant agrees. Although QNT is normally the only digital asset accepted for access to the Quant ecosystem, that condition leaves fiat payment open.

Quant's FAQ explicitly says platform fees can be paid in US dollars or subscriptions can be made with QNT.

The announcements omit a rule tying a bank's deposit transfer to a purchase or lockup of QNT. Revenue to Quant from selling software or services would be a separate proposition from demand for the utility token.

An older product description offers context for QNT's role elsewhere in Quant's business. A 2022 explanation of Overledger says transactions on that interoperability platform are powered by QNT, with fiat payment options for corporate customers.

Overledger is Quant's technology for connecting different ledgers, and that explanation predates the bank-network selection by four years. The 2026 announcements do not specify whether its token mechanism applies to this implementation.

The Clearing House's September release says existing wire, ACH, check-image and real-time-payment networks clear and settle over $2 trillion each day.

A defensible token-demand estimate would require a project-specific rule for QNT use, the fee or conversion mechanics, a forecast or observed volume on the new network, and clarity about who would source the tokens.

Disclosures on those points could change expectations for QNT demand. Until then, the selection supports Quant's role in a planned bank infrastructure project while leaving the path from its future activity to QNT demand unresolved.

The post US bank group taps Quant for tokenized deposits, but QNT’s role is left in doubt appeared first on CryptoSlate.

A new on-chain reconstruction says COMP acquired, through Compound DAO reserves, a majority of all delegated voting power at a May snapshot. That position did not change the recorded result that Proposal 582 passed with zero votes against.

Bitquery says 344,780 COMP arrived in a DAO reserve wallet at 09:46 UTC on May 5, 58 minutes before the snapshot fixed voting power. That wallet had delegated its votes to the Compound Foundation, which backed the plan.

The link between the reserves spent and the COMP received runs through a Binance account, and public chain data alone cannot prove the withdrawal's funding account.

The purchase has reopened a dispute over the Foundation's authority to use DAO assets in governance. Compound forum delegate ugurmersin alleged on Sept. 27 that the conversion and delegation breached the reserve mandate.

In a Sept. 28 response, the Foundation said the conversion was consistent with the mandate's governance-continuity purpose, the COMP remained DAO-owned, and none of the assets had been spent on Foundation operations.

Why the extra votes were key in the Compound proposal

Bitquery counted 1,883,966 votes eventually cast for the plan out of 3,757,805 total delegated votes at the May 5 snapshot. Supporters controlled 50.1% of the voting power available for that vote, so even if every other delegate had voted no, they could not have outvoted the supporters.

By subtracting the 344,780 COMP from the reserve wallet, the same supporters would have held 1,539,186 of a reduced 3,413,025-vote total (45.1%), leaving enough voting power outside their bloc to defeat the plan.

Tally recorded roughly 1.88 million votes for Proposal 582 and none against, so the plan would still have cleared its 400,000-vote quorum without the reserve-wallet COMP.

The $52 million figure describes an approved V4 program budget. Proposal 582 designated $14 million for a Foundation-controlled operational wallet and $38 million for a Treasury Management Committee pool, with releases tied to milestones.

The earlier Proposal 536 placed approximately 8.42 million DAI of old protocol reserves under Foundation stewardship for protocol operations and governance continuity. It kept the assets DAO-owned and excluded discretionary trading and Foundation-specific expenses.

The Foundation and the delegate disagree over whether converting those reserves into voting power fit those limits. The May vote's outcome is settled, but the authority to make that conversion remains contested.

The post Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach appeared first on CryptoSlate.

A second suspected memecoin rug factory has surfaced on Robinhood Chain as the fast-growing network attracts increasingly coordinated scam activity.

On Sept. 28, blockchain security firm GoPlus said it identified a high-risk operation behind hundreds of memecoins that routed more than $9 million through a common fund-consolidation network over the past 30 days.

The operation used batches of freshly created wallets to accumulate and sell tokens before sweeping the proceeds into related addresses, according to GoPlus. Its main consolidation wallet recorded about 3,589 ETH, worth roughly $9.49 million, of two-way flows across its latest 400 transactions as of Sept. 28.

GoPlus noted that the figure represents gross flows rather than net profits or investor losses. The security firm said the wallet activity nonetheless exposed a repeatable structure in which proceeds from one group of launches appeared to finance the next.

Operators would create a token around a popular narrative, distribute supply among fresh wallets with little transaction history, and sell through contracts including PonsV2Helper and UniversalRouter. ETH generated from those sales was then routed through local sweep wallets before reaching the wider consolidation cluster.

That structure can obscure how much of a token one operation effectively controls. Instead of one wallet dumping a concentrated position, dozens of seemingly unrelated addresses sell in stages, creating the appearance of independent market activity before the proceeds converge elsewhere.

GoPlus said the setup does not resemble a traditional rug pull, in which liquidity suddenly disappears, or buyers are prevented from selling. Its concern is the coordinated ownership and exit process behind apparently separate wallets, followed by recycling of the proceeds into subsequent launches.

Earlier operation extracted $18.4 million from 53 launches

The findings come after on-chain researcher Wazz identified another suspected serial-rug operation on Robinhood Chain that allegedly extracted about $18.43 million from at least 53 memecoin launches over roughly two months.

That operation used a different variation of the same broad playbook. Groups of 70 to 200 wallets would acquire large portions of supply shortly after launch, often leaving the cluster with over 70% of a token.

Wazz also identified links between successive launches, including funds from one project moving into wallets used to seed another. The pattern suggested proceeds were being recycled rather than withdrawn after each individual trade.

GoPlus said the two operations share several characteristics, including heavy use of Pons V2 infrastructure, large wallet batches used to disguise supply concentration, and capital moving from one launch into the next.

The security firm cautioned that there is no evidence the two clusters belong to the same operators. The newer operation relies more heavily on fresh wallets followed by consolidation, while the Wazz-linked group used larger clusters positioned to control supply early in the launch.

The distinction suggests the activity is broader than a single crew. Similar economics can be reproduced with different wallet structures, giving operators multiple ways to make coordinated dumping resemble normal trading.

That raises a harder detection problem for wallets, launchpads and trading interfaces. Identifying malicious code alone would not necessarily flag a token whose contracts function normally while its supply is quietly concentrated across dozens of related addresses.

Robinhood Chain’s rapid growth raises the stakes

The suspected factories are emerging as Robinhood Chain expands at a pace few new networks have matched.

The Ethereum layer-2 went live July 1 and has crossed $1.5 billion in total value locked as of press time, per DeFiLlama data. It reached that milestone in less than 90 days, showing how quickly it has grown.

Token Terminal estimates Robinhood Chain has generated about $50 million in revenue in roughly three months, underscoring the trading activity already moving through the network.

Robinhood's larger opportunity extends beyond fees generated by crypto-native users. The brokerage has 28.6 million funded customers and about $384 billion in assets, giving developers the prospect of building on-chain products that could eventually reach a large existing financial customer base.

That distribution advantage also raises the cost of missing abusive token launches early.

A permissionless network can let external developers deploy products without Robinhood approving every contract, but the applications and interfaces through which users encounter those products can still add screening, wallet warnings, and concentration analysis.

The emergence of a second suspected rug factory makes those safeguards more important before Robinhood pushes more of its brokerage audience on-chain.

For Robinhood, the commercial question is whether it can preserve the open environment helping its chain grow while preventing organized token operators from using that same distribution layer to reach a much larger pool of retail capital.

The post Robinhood Chain’s $1.5 billion boom is attracting memecoin rug factories appeared first on CryptoSlate.

If you keep a balance on a centralised crypto exchange, the Bitget case has read differently since September 28. The exchange's own keys were not cracked, and no cold wallet was emptied. The attacker came in through a security product that Bitget itself had bought, and used that product's privileges to pose as an administrator. On the figures published so far, the damage lies between $387.5 million and $388 million. For you, that means the question of whether an exchange is well secured does not hang on its own technology alone, but on every supplier it lets inside its systems.

This article sets out the attack path, names the documented figures and the schedule under which withdrawals are restarting. It also says which parts of it touch a decision of your own, and which remain corporate news and nothing more.

What Bitget says about the attack path

On the company's account, the attacker exploited a zero-day vulnerability in a third-party security product. Zero-day means a flaw that the software maker did not know about at the time of the attack, so there was neither a patch nor a warning. Through that flaw the attacker obtained valid administrator credentials. With those credentials he wrote forged withdrawal instructions straight into the wallet backend systems, then deleted the traces of those instructions.

The sequence is the real finding. There was no break-in at the key management layer. Bitget chief executive Gracy Chen told The Block that erasing the traces was the most delicate part of the operation, and framed the incident as one that is very serious at this scale, while serious does not amount to existential. Private keys and cold wallets were not compromised on the investigation's current standing. The security firms Mandiant and SlowMist have been engaged to establish what happened.

The timeline of September 24: two test transfers, then 17 transactions

The sequence reads like a test of the alarm thresholds. At 18:31 UTC two tiny transfers went out, 0.184 ETH and 193 TRX. Both sat below the amounts at which the exchange's risk controls fire. Only afterwards came the outflow proper: between 18:58 and 20:09 UTC, 17 large transactions across eight different blockchains, worth roughly $361 million in total.

What stopped it was not the withdrawal control but the ledger reconciliation. At 19:05 UTC the reconciliation system flagged a gap between recorded and actual balances, and Bitget then froze withdrawals across the platform. Seven minutes separated the first large transaction from the alarm; a little over an hour separated the alarm from the end of the outflows.

That two minimal amounts went first is the part that matters most to you as a user. It shows that value thresholds alone are not a defence when an attacker can probe those thresholds beforehand without drawing attention.

Zero-day at the supplier: why an outside flaw hits the entire exchange

A crypto exchange does not only run trading software. It buys in monitoring tools, access management, logging and defence systems, and those tools need far-reaching privileges by their nature in order to do their job. That is exactly where the problem comes from: a product allowed to see everything and to intervene in much of it is worth more as an entry point than any single user account.

For judging an exchange, that shifts the yardstick. A platform can keep its own keys impeccably and still be vulnerable because a supplier had a flaw. This is not a one-off at this exchange but a pattern attackers use across the whole financial sector. For you, nothing about it calls for panic, but one sober consequence follows: the amount you leave sitting on a trading platform should match the amount you could stand not to move for weeks in the worst case.

How to handle custody away from an exchange in practice is covered in the hardware wallet comparison, which looks at devices, prices and the sum above which the effort pays off.

The withdrawal schedule: ETH networks open on September 29 at 08:00 UTC

Bitget did not release withdrawals in one go but in stages. The schedule is set out in the exchange's notice and runs as follows:

• September 28, 08:00 UTC: BTC over the Bitcoin network.
• September 29, 08:00 UTC: Ethereum over Ethereum itself as well as BSC, Arbitrum, Base and Optimism.
• September 30, 08:00 UTC: USDT over Ethereum, BSC, Solana and Tron.
• From October 2, 08:00 UTC: remaining tokens, fiat balances and P2P holdings.

The exchange adds that the pause served a final security review and has no bearing on the availability of user funds; account balances were unchanged, and trading and deposits ran throughout. What you can draw from that: if your balance sits in a token other than BTC, ETH or USDT, nothing moves for you before October 2. The position as of September 26, when the stages were announced, has already been documented by cryptoticker.io.

A $465 million protection fund against $387.5 million of damage

Bitget says it is absorbing the loss in full from its protection fund, which was valued at $465 million on September 25. The fund is to be topped back up to at least $300 million within a week; as a corporate reserve the company cited more than $1.4 billion as of August 31.

A protection fund is not a deposit guarantee scheme. It is a voluntary reserve whose use the exchange decides on itself, and it is subject to no state supervision that could force a payout when it matters. That sets it apart fundamentally from the statutory deposit guarantee on a bank account, which in the EU covers up to 100,000 euros per customer and institution and expressly does not extend to crypto assets. How large the funds of the bigger trading venues actually are, and how they compare with trading volume, was compiled by cryptoticker.io in a count of its own on September 25.

The loss figure has grown over the course of the week. Our first report on September 24 still put it at $351 million, because only part of the outflows had been attributed at that point; that is how cryptoticker.io framed it on the day of the incident. On the figures given on September 28, the value lies between $387.5 million and $388 million. Upward revisions of this kind are the norm in the first days of an exchange incident, and they are a reason not to treat early numbers as final.

MiCA and custody: what a licence requires in Germany

Since the European crypto regulation MiCA applies in full, any provider offering custody, trading or exchange to customers in the EU needs authorisation as a crypto-asset service provider. For custody, the regulation requires among other things that customer holdings be kept separate from the provider's own assets, and that the provider be liable for the loss of crypto assets held in custody where the circumstances are attributable to it. The individual duties that hang on this, and the deadlines the supervisor has set, are broken down in our overview of the MiCA licence.

In practice that means this for you: whether you can invoke that liability in a loss depends on which company your contract was concluded with. Between an EU-regulated arm of a provider and its international entity there are often entirely different legal systems at trading venues. The terms of use state which company is your counterparty and which law applies. It is worth looking that up once, before it matters.

Self-custody against exchange custody: the trade-off after the incident

The case is no argument for avoiding every exchange. It is an argument for making the split deliberately. On a trading platform your balance sits where you can sell or swap it quickly, and where someone else answers for the technology in a loss. In your own custody it sits where no external system access can move it, and where a lost recovery phrase is final.

A workable rule of thumb: the amount on the exchange matches what you actually intend to trade in the coming weeks, plus a buffer. Everything above that belongs in custody you control yourself. Where that line falls depends on how often you trade, not on a figure that holds for everyone. Someone who rebalances every two days needs a different split from someone who adds twice a year.

Two things cost most in this trade-off, in our experience: convenience, and the assumption that an incident always hits the other platform. The 17 transactions of September 24 took 71 minutes. In that window no user could have reacted, not even the most attentive one.

Holding period and tax: a withdrawal freeze changes nothing under Section 23 EStG

One question comes up with every withdrawal freeze: does the one-year holding period keep running when you cannot reach your coins? It keeps running. What counts for the period under Section 23 of the German Income Tax Act is the span between acquisition and disposal, not whether you could dispose of the asset in the meantime. Access blocked for technical reasons is not a disposal and therefore interrupts nothing.

Conversely, an incident of this kind does not create an automatic loss you could claim either, as long as your account balance is unchanged and the exchange pays out. A loss that counts for tax presupposes an actual outflow of assets. Should an exchange permanently fail to pay out, the position is a different one and belongs in the hands of a tax adviser, because the question then becomes when a failure counts as final.

In any case, keep your transaction records outside the platform. When an exchange restricts access, experience shows it is the tax documents that become unreachable first.

What is still open

Bitget has announced a formal investigation report. Until then it remains open which security product was involved and whether the underlying flaw has since been closed, because that determines whether other platforms carry the same risk. It is equally open whether the protection fund is refilled within the announced timeframe. And the attribution of the perpetrators remains open; the company said only that in its assessment this is the same group it had already suspected before.

Until those points are documented, the position set out in this article stands. We will update it once the investigation report is available.

Bitget hack: the key points for your decision

1. Check which token your balance sits in. BTC has been withdrawable since September 28, ETH and the EVM networks since 08:00 UTC today, USDT from September 30, everything else only from October 2. That determines whether there is anything you can do at all. Where to move if in doubt is shown in the overview of crypto exchanges.
2. Set the threshold above which a balance leaves the exchange. Take your bearings from how often you trade, not from the current price. Which devices come into question and what they cost is set out in the hardware wallet comparison.
3. Look up who your counterparty is. The terms of use name the company and the applicable law. If the contract sits outside the EU, the MiCA duties do not apply for you; the alternatives with European authorisation are listed under regulated crypto exchanges.

(As of September 29, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

For September 29, 2026, several data services list a fresh release of HYPE, the token of the Hyperliquid trading venue. How large that tranche actually is, though, is a question they answer very differently. The figures range from around 330,000 to 14.18 million HYPE. At a price of $86.15, roughly $28 million sits at one end of that range and $1.22 billion at the other. Anyone who wants to know what can reach the market on that date is left with a range, not a single number.

The picture only firms up where the holdings themselves are counted. cryptoticker.io compiled this analysis on September 29, 2026. It rests on the supply data that Hyperliquid publishes for HYPE: maximum supply, total supply, circulating supply, future emissions and the four addresses listed there as non-circulating. The headline result: 700,219,817 HYPE, or 70.10 percent of the entire supply, is currently not in circulation at all. Measured against that, any single monthly instalment is a marginal figure.

Unlock, vesting and cliff: the three terms behind the September 29 date

Three technical terms keep surfacing around dates like this, and they do not mean the same thing.

Unlock

An unlock is the release of tokens that were contractually or technically locked until that point. Only from then on can the recipient move them, meaning hold, transfer or sell them. An unlock is not a new issuance: the tokens already exist, they merely shift from a locked state to a freely available one.

Vesting

Vesting is the schedule under which an allocation is released step by step, usually in equal instalments over months or years. The purpose is to stop founders, staff and early backers from selling their entire allocation on a single day.

Cliff

The cliff is the initial lock-up period at the start of a vesting plan, during which nothing is released at all. For HYPE that cliff ran for one year; the allocation for core contributors only began paying out in instalments afterwards. Keeping the three terms apart also explains why a release date on its own says nothing about selling pressure.

HYPE unlock estimates range from 330,000 to 14.18 million tokens

The spread between the published figures is not a rounding problem, it is a definition problem. Three numbers circulate side by side:

• Around 9.92 million HYPE. This figure matches the monthly instalment for core contributors as several unlock calendars report it. It is often quoted as 4.46 percent of circulating supply, which at a price of $86.15 works out at roughly $855 million. When the number made the rounds in late September, HYPE was trading higher, which is why most accounts spoke of around $904 million.
• 14,175,778 HYPE. Other calendars list this value for the same date, some 1.42 percent of total supply and therefore around $1.22 billion. The difference arises because further allocations are counted here alongside the core contributor instalment.
• Around 330,000 HYPE. The data service Tokenomist explicitly asks in its own analysis whether roughly 330,000 or roughly 9.9 million HYPE are released on a date like this, and weighs the two readings against each other. At the lower end that would be around $28 million at the current price.

All three numbers can be justified, depending on which allocations you count towards the tranche and which circulating supply you use as the reference. For you as a holder, one thing follows above all: a headline with a dollar sum does not replace checking which reference sits behind it. The precise figures from the individual calendars can be found in the Tokenomist analysis.

700.2 million HYPE are not in circulation

Hyperliquid's own supply figures paint a clear picture. Maximum supply stands at one billion HYPE. Total supply sits below that at 998,900,666.73 HYPE; 1,099,333 HYPE have therefore been permanently removed, which on this network happens through fees. Of the total supply:

• 298,680,849.52 HYPE are counted as circulating supply,
• 289,039,730.49 HYPE are holdings listed as non-circulating, spread across exactly four addresses,
• 411,180,086.72 HYPE are future emissions that have not been issued at all yet.

The three values add up exactly to total supply, which makes the data internally consistent. Add the two latter items together and 700,219,817.21 HYPE are outside circulation, or 70.10 percent. Even the largest of the three circulating tranche estimates, 14.18 million HYPE, therefore amounts to a good two percent of what is still outstanding overall. For comparison: trading recently turned over roughly $850 million worth of HYPE in a single day.

Circulating supply in conflict: 76.2 million HYPE between two sources

This is where it gets interesting for anyone reading percentages. Hyperliquid itself reports a circulating supply of 298,680,849.52 HYPE. The widely used market data provider CoinGecko lists 222,445,714 HYPE for the same day. The gap between the two is 76,235,135 HYPE, or around $6.6 billion at a price of $86.15.

Such divergences are not unusual, because data providers apply different levels of strictness: some deduct holdings that are technically movable but plainly not available to the market. The consequence is tangible all the same. The same tranche of 9.92 million HYPE works out at 4.46 percent of circulating supply using CoinGecko's number, but only 3.32 percent using Hyperliquid's. On the first reading the news sounds roughly a third more dramatic, without anything about the tranche itself having changed.

241.5 million HYPE sit in a single locked address

The holdings listed as non-circulating are spread across four addresses, and they are very unevenly sized. By far the largest holds 241,480,853.16 HYPE, or 24.15 percent of maximum supply. That order of magnitude matches the published allocation to core contributors, which is given as 23.8 percent of total supply. It is from exactly this pool that the monthly instalments at release dates are drawn.

The second address holds 47,557,200.82 HYPE, or 4.76 percent of maximum supply. Behind it sits a system address of the network, which among other things holds repurchased tokens. The two remaining addresses barely register: the null address holds 1,673.79 HYPE, the burn address 2.72 HYPE. Anyone talking about locked HYPE holdings is therefore talking about two addresses in practice.

Why concentration in a few addresses cuts both ways

Heavy concentration means the schedule is predictable: there are few sources from which new supply can come, and their cadence is known. It also means that a small number of parties can move large amounts as soon as their lock expires. Both hold true at the same time, and neither reading can be refuted from the holdings data alone.

411.2 million HYPE in future emissions: the part nobody holds yet

The largest item outside circulation is future emissions at 411,180,086.72 HYPE. These are tokens that have not been allocated at all yet and are only due to come into existence over the coming years, earmarked above all for network rewards. They appear in no unlock calendar as a tranche, because there is nothing to release in their case.

For putting a single date into context, this item is nonetheless the most important one. It means that the amount of HYPE theoretically available to the market still grows considerably over the long run, quite independently of what happens on September 29. An investor who looks only at the next release date is taking in the smaller part of the picture.

What was distributed at launch

HYPE went live on November 29, 2024. The entire maximum supply of one billion tokens had already been allocated to 94,023 addresses at that point, a large share of it as a distribution to early users of the platform. The holdings that count as locked today are therefore not tokens created after the fact, but parts of that original allocation that are not yet free.

What dilution means for the HYPE price

Dilution describes the way an individual token's share of the total stock falls when new tokens enter circulation. Whether that turns into price pressure depends on whether the newly available tokens are actually sold. That is precisely what supply data cannot show, and it cannot be forecast responsibly either.

What is observable is the starting position. HYPE trades at around $86 and therefore some twelve percent below the record high of $97.96 set on September 23, 2026. Over 24 hours the price lost 4.4 percent. Market capitalisation stands at roughly $19.2 billion. Traders who use leveraged products around release dates often trade HYPE as a perpetual futures contract on specialised venues; which those are and how their fees differ is set out in our comparison of the best perp DEXs.

Bull and bear case side by side

Those who look at HYPE optimistically point out that the schedule has been known for a long time and should therefore be priced in, and that part of the fees is used to buy back tokens, which works against the new supply. Sceptics counter that the instalments keep running for years and that the core contributor allocation alone is larger than four fifths of today's circulating supply. These assessments stand against each other, and neither can be proven at present.

Hyperliquid holds no MiCA licence for Germany

Before position sizes come up, a sober look at the legal framework is worthwhile. The EU's MiCA regulation has set uniform rules since 2024 on who may offer crypto services in the European Union; providers need authorisation from a national supervisor, in Germany that is BaFin. Hyperliquid is a decentrally operated trading venue without such a licence. What that means for you in practice is set out in a separate piece on how Hyperliquid can be used from Germany.

Holding period, leverage and liquidation around a release date

Holding period

In Germany, gains from selling cryptocurrencies are tax-free after a holding period of one year; within that year they count as a private disposal transaction. Selling early because of a release date can break that deadline. Before reacting, it is worth looking up when your own HYPE was bought and how close the one-year mark is.

Leverage and liquidation

Anyone trading HYPE with leverage should know that a liquidation is the forced closure of a position as soon as the posted collateral no longer suffices. Dates on which the market expects a large release are often accompanied by wider price swings, and swings hit leveraged positions first. A smaller position survives a move that ends a large one.

Custody

If you intend to hold HYPE for longer, the question of custody matters more than any single date. Holdings on a trading venue are exposed to that venue's failure risk; a wallet whose keys only you know shifts the risk onto your own diligence in keeping those keys.

HYPE unlock: The key points for your decision

The September 29 date is a small slice of a long schedule. More important than the daily headline is that 70.10 percent of the entire HYPE supply still sits outside circulation and will be added in instalments over years. Three steps help you place it:

1. Question the reference figure. When a report gives a tranche as a percentage of circulating supply, check which circulating supply is meant. The two common values for HYPE are 76.2 million tokens apart, and the same unlock looks roughly a third larger or smaller as a result. Where you trade in the first place and under whose supervision is covered by our comparison of regulated crypto exchanges.
2. Settle custody before the date arrives. If your tokens sit on a trading venue without European authorisation, decide calmly whether they should stay there. Which devices are suitable for self-custody is covered in the hardware wallet comparison.
3. Recalculate your holding period instead of reacting to the headline. Check the purchase date of your HYPE and the one-year deadline before you sell because of a release date. Tools that track purchase dates and deadlines cleanly can be found among the crypto tax tools and portfolio trackers.

You can verify the supply figures in this article yourself at any time, for example via the public Hyperliquid explorer for HYPE.

(As of September 29, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The Chainlink network's treasury has passed a round mark. According to several industry outlets reporting on September 26 and 27, 2026, the Chainlink Reserve holds exactly 6,047,498 LINK. In September alone, 373,791 tokens were added, worth a good $4.3 million at the price at the time. Alongside that, the price of Chainlink has risen sharply: in the early hours of September 29, 2026, LINK trades at $15.56, up around 10.6 percent within 24 hours and 16.7 percent over the week.

For you as an investor in Germany these are two different things, and they need to be kept apart. The reserve is a structural change on the supply side. The price jump is a day's move. What follows sets out what lies behind the reserve, which levels the price has just marked, and what you need to keep an eye on when buying, on the holding period, on staking and on leveraged positions.

Chainlink Reserve: 6,047,498 LINK now sit in the network treasury

The Chainlink Reserve is an on-chain treasury of the network into which part of the revenue from the oracle services flows, where it is converted into LINK and held. It is not a fund you can buy units in, and it is not a foundation handing out money. What is meant is simply a holding that grows as long as the network takes in revenue.

The current level of 6,047,498 LINK is cited consistently by several specialist services, among them Coingabbar with the date September 26 and Coin-Turk with the same figures. Both also list the same September increase: 373,791 LINK. You can look up the holding yourself on the project's official reserve page, which tracks the development continuously.

More interesting than the absolute number is the pace. At the end of the first quarter of 2026, according to the same reports, the reserve held around 3.06 million LINK. The holding has therefore almost doubled in a good six months. Anyone watching the project over a longer period will read one thing above all into that: the revenue feeding the reserve now comes in regularly, not just in isolated cases.

Payment Abstraction: where September's 373,791 LINK come from

Payment Abstraction is the mechanism with which Chainlink collects payments in any token and converts them into LINK automatically. A company booking a data service therefore does not have to buy LINK on the market itself. It pays in whatever currency suits it, and in the background the equivalent value lands in the treasury as LINK.

That sounds technical, but it has a very tangible consequence. Every new large customer raises the ongoing buying pressure on LINK, without that customer ever making a purchase decision about the token. This is precisely where the reserve connects with the corporate news of recent weeks that we have already covered, such as the inclusion of Chainlink in a banking standard from Infosys on September 24.

One caveat belongs with this. How much revenue actually accrues, and what share of it moves into the reserve, is not published by the project as a line item per customer. The inflow is documented; its origin in detail is not. Anyone extrapolating an annual revenue figure from 373,791 LINK in September is working with a number nobody has verified.

What 6 million LINK mean for the circulating supply

Of the 1,000,000,000 LINK that will ever exist, around 748.1 million are currently in circulation. The reserve's 6,047,498 LINK work out at roughly 0.8 percent of that. It is noticeable, yet it is no supply shock, and anyone selling it as one is overstating the case.

Here is one way to place it: with trading volume of around $1.44 billion in 24 hours, the reserve's $4.3 million of purchases across the whole of September move less than the market turns over on an average morning. The effect lies in duration, not in day-to-day trading. A holding that grows every month and is not sold takes supply off the market piece by piece.

LINK price at $15.56: the 24-hour high and low compared

In the early hours of September 29, 2026, LINK stands at $15.56. The range of the past 24 hours runs from a low of $13.54 to a high of $15.49. Around 14 percent lies between those two points, and the price is quoted at the upper edge of that range.

Over a month the gain comes to just under 34.8 percent, over a week to 16.7 percent. With a market capitalisation of about $11.6 billion, LINK ranks 13th among the largest cryptocurrencies. The all-time high of $52.70 from May 2021 is still around 70 percent away.

These figures are snapshots. The price changes while you read, which makes it useless as a forecast. What the values do deliver is something else: reference points you can pin your own decision to instead of pinning it to a headline.

Buying LINK in Germany: MiCA authorisation, spot purchase and custody

If you want to buy LINK in Germany, the simplest route runs through a trading platform holding an authorisation under the EU regulation MiCA. MiCA is the European legal framework for crypto assets, which obliges providers to hold authorisation and own funds, to segregate client money and to supply comprehensible information sheets. A platform without that authorisation may no longer address retail clients in the EU through regular channels.

Three things differ considerably between providers in practice: the trading fee per purchase, the mark-up in the price itself, and whether you are allowed to move the purchased tokens to a wallet of your own at all. The third point tends to be overlooked and is the most important one if you intend to hold for the long term. If you then want to keep the tokens in your own custody, you need a device or software of your own for that; which devices are suitable is shown in our hardware wallet comparison.

One more thing applies to a spot purchase: you buy the token itself and no certificate on it. That matters for tax, and it is the reason why the question of the withdrawal route to your own wallet is not a side issue.

Chainlink Staking v0.2: why the community pool is usually closed

Many readers ask about staking at this point, and the answer turns out differently from what other networks have taught them. Staking at Chainlink means you deposit LINK as security for the correct operation of the oracle services and receive a payment for it. The programme runs in version v0.2 and has a fixed cap.

That cap stands at 45 million LINK in total, of which 40,875,000 LINK sit in the community pool. This pool was full within a few hours of launch. Since then the rule is: new room only opens up when an existing participant withdraws their tokens. There is no waiting list and no allocation, only first come, first served. The terms are set out on the project's staking page.

Anyone still looking for an ongoing yield almost inevitably ends up with third-party offers, meaning exchanges or custodians paying a return on deposited tokens. That is something entirely different from staking in the protocol: there you also carry the provider's default risk. Anyone using such offers should therefore establish first who holds the tokens during that time and what happens to them if the provider becomes insolvent.

A one-year holding period: the tax on LINK gains in Germany

For private investors in Germany, a sale of LINK counts as a private disposal under section 23 of the Income Tax Act. If more than twelve months lie between purchase and sale, the gain stays tax free. Sell within that period and the gain is taxable at your personal income tax rate, as soon as the sum of all private disposal gains in a year reaches the threshold of €1,000.

Threshold here really does mean a threshold and not an allowance. Anyone reaching €999 of gains in a year pays nothing. Anyone reaching €1,001 pays tax on the full amount and not merely on the one euro above it. This difference costs money regularly, because it gets overlooked.

What matters in practice is the allocation of the individual purchases. If you have bought in tranches over months, every tranche has its own acquisition date, and on a sale it has to be clear which of them is going out. For that, the tax authorities accept the first-in-first-out method, under which the oldest tokens count as sold first. Without clean records it can hardly be reconstructed after the fact, and in case of doubt the tax office estimates to your disadvantage.

A note on staking through third parties: payments from such offers are as a rule other income and are taxed in the year they are received, independently of the one-year period. Anyone mixing the two should keep the positions separate.

Leverage and liquidation: what a tenfold leverage withstands at $15.56

A price running from $13.54 to $15.49 within 24 hours attracts leveraged positions. A sober calculation is worth doing here. The liquidation price is the price at which the security deposited is used up and the position is closed by force.

With tenfold leverage, a counter-move of around ten percent is arithmetically enough for that, with twentyfold leverage around five percent, in each case before fees and financing costs. Measured against this Wednesday's daily range, which alone came to around 14 percent, a long position with tenfold leverage would have been liquidated at that day's low, even though the price ended up considerably higher.

That is the real point: in a strong move, the result is decided by the path taken and not by the direction. Anyone working with leverage should know the liquidation price before entering and not go looking for it once the position is already running.

Levels above and below: $13.54, $15.49 and the all-time high at $52.70

Three values serve as orientation, all of them drawn from the price data itself and carrying no opinion. On the downside, the low of the past 24 hours at $13.54 is the first level; below it the previous week's price territory begins. On the upside, the daily high at $15.49 is the point at which the current move was last halted.

The third level is historical: $52.70 from May 9, 2021. That value shows how far the way to the previous peak still is, and it puts this week's jump in perspective. A gain of 34.8 percent in a month is a lot; measured against the all-time high, around 70 percent is still missing.

We are deliberately leaving out analysts' price targets. For the figures circulating in recent days, no originator attributable by name could be established, and a number without a sender is not information.

What the reserve does not deliver

Finally the counter-check, because a growing network treasury is readily declared a price guarantee on social networks. It is nothing of the kind. The reserve does not buy prices, it collects revenue. There is no obligation to support the price when it falls, and the project likewise publishes no plan for when tokens might be released again.

Just as little does the reserve say anything about the quality of the individual integrations. An inflow of 373,791 LINK in one month documents that revenue is accruing. It does not document that this revenue will accrue again next month. Anyone wanting to follow the development looks at the holding across several months, not at the report of a round number.

Chainlink Reserve: your next three steps

1. Look up the holding yourself. Open the project's reserve page and compare the holding shown there with the 6,047,498 LINK from this article. If the number differs, something has been added or has flowed out since, and you have the more current value. Your own holdings are best tracked in a portfolio tracker with a tax function.
2. Settle the buying route and the withdrawal before you buy. Check in our exchange comparison whether your platform holds a MiCA authorisation, what fee applies per purchase and whether a withdrawal to a wallet of your own is possible.
3. Note the purchase date and keep yield offers separate. Record the acquisition date for every tranche so the one-year period can be proven. If you are also looking at yield offers, compare them in the overview of staking platforms and treat them separately from plain holding for tax purposes.

(As of September 29, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The price of Stellar has gained a good eight percent in 24 hours and stands at $0.2329, or €0.2048. The obvious question is whether there is more behind the jump than market sentiment. So instead of writing up the price again, we measured the network itself: 999 consecutive ledgers from September 28, 2026, a window of 83 minutes, plus 2,000 individually settled transactions. Over that period 211,994 successful transactions passed through the Stellar network, an average of 41 per second, at a load of just over one fifth.

Two findings appear in no price report. Just over one in five submitted transactions fails and pays its fee anyway. And the famous minimum fee of 0.00001 XLM is not an advertising figure: 57.2 percent of all transactions are settled at exactly that rate, while the bids behind them run at almost five hundred times as much at the median.

cryptoticker.io collected this analysis itself on September 28 and 29, 2026. We examined 999 ledgers and 2,000 transactions.

Stellar climbs to $0.2329: the numbers behind the price jump

XLM trades at $0.2329. That is 8.1 percent more than 24 hours ago and also 8.1 percent more than a week ago. Over 30 days the gain comes to 29.6 percent. The daily range ran from $0.2071 to $0.2343, so 13.1 percent lies between the low and the high. Anyone who bought at the daily low is sitting on a different result today than someone who came in at the high.

With a market capitalisation of $8.16 billion, Stellar ranks 20th among the largest crypto assets. Daily turnover is $814 million. Of a total 50.00 billion XLM, 35.01 billion are in circulation. The all-time high of $0.8756, reached on January 2, 2018, is still 73.4 percent away.

There is no single documented trigger for the move. What is documented is that Stellar activated Protocol 28 on its main network on September 17, 2026, an upgrade to consensus and contract management. The trade publication Blockonomi reported on September 20, 2026 that the network had reached 211 transactions per second in a test window covering more than 100 blocks. Whether that upgrade is carrying the price ten days later cannot be proven. What the network actually delivers today can be measured.

41 transactions per second: the measured throughput of the Stellar network

Across the 999 ledgers we measured, throughput came to a median of 41.2 successful transactions per second and an average of 42.4. The weakest ledger in the window managed 15.0 transactions per second, the strongest 84.0. That peak ledger processed 420 transactions with 875 operations in five seconds.

The gap to the 211 transactions per second from the test window is wide, and it is no contradiction. A test window measures what the technology delivers under full load. Our measurement shows the real load of an ordinary evening. The two figures answer different questions, and for you as an investor the second one matters more, because it describes how much headroom the network has right now.

Ledgers on a five-second beat: the heartbeat of the Stellar network

A ledger is to Stellar what a block is to Bitcoin: a closed set of transactions that the validators confirm together and that stands unchangeable afterwards. It comes about through the Stellar Consensus Protocol, or SCP, a federated Byzantine agreement procedure in which every node decides for itself which other nodes it trusts.

In our window a ledger closed exactly every 5.0 seconds, at the median as at the maximum, without a single outlier to the upside. In practice that means a Stellar transfer is normally final after five to ten seconds, because it waits for the next ledger and is settled from then on. Confirmation chains as with Bitcoin, where recipients wait for several blocks, do not exist here.

206 of 1,000 slots per ledger: how busy the Stellar network is

In the current network every ledger has room for up to 1,000 transactions. At the median, 206 of those slots were taken, so 20.6 percent. The fullest ledger in the window reached 420 transactions and with that 42.0 percent. The network ran throughout at around one fifth of its capacity.

That figure is interesting for two reasons. First, it explains why transfers go through promptly: whoever has room does not have to push. Second, it shows that a markedly rising payment volume on Stellar would not create congestion to begin with. Anyone who uses network load as an argument for or against an investment should therefore keep looking at it, because a single reading ages quickly.

Failed transactions: 22 percent pay their fee anyway

In the measured window, 273,139 transactions were taken into ledgers. Of those, 211,994 succeeded and 61,145 failed, a failure rate of 22.4 percent. That sounds like a broken network, and it is not one.

A failed transaction on Stellar is one that was taken in and executed, but whose condition was not met. The typical case is trading on the network's own order book function: one program bids on a price difference, a faster program got there first, and the transaction runs into nothing. Of the 2,000 transactions we examined individually, 303 had failed, and the operation types over the same period consist half of contract calls and just under a quarter of buy and sell offers. For an ordinary payment from address to address none of this matters.

There is one thing you should take away from it, and we checked it in every single case: all 303 failed transactions in our sample paid a fee, a median of 100 stroops. Stellar collects it as soon as the transaction has been taken into a ledger, whatever the outcome. Anyone who sends a payment on a tight balance or with a time condition loses the fee even when nothing arrives at the other end.

0.00003 XLM at the median: what a Stellar transaction actually costs

Stellar is often advertised with the line that a transaction costs 0.00001 XLM. That figure describes the base fee of 100 stroops per operation, which is the minimum price; a stroop is one ten-millionth of an XLM. Whether the minimum price also holds in practice can be measured.

It holds in the majority of cases. 57.2 percent of the 2,000 transactions we examined were settled at the minimum rate down to the last unit, meaning 100 stroops for every operation contained. The median across all transactions comes to 300 stroops, which is 0.00003 XLM or about 0.0006 euro cents. A thousand payments of that kind cost less than one cent together.

The distribution is heavily skewed, though, and the average is no use here: it sits at 9,343 stroops and so at thirty-one times the median. The top tenth pays from 13,952 stroops, the top percent from 132,571 stroops, and the most expensive case in the window cost 139,028 stroops, or around 0.28 euro cents. Almost all of these outliers are automated processes; ordinary transfers do not reach such levels.

Fee bidding on Stellar: bids at a median of 144,757 stroops, 300 settled

Fee bidding is the procedure by which Stellar hands out space in a ledger. Every transaction names an upper limit that the sender is willing to pay at most. If all applicants fit into the ledger, they all pay the minimum rate. If there are more applicants than slots, the higher bids go first, and settlement follows the lowest bid still taken in. The rules for this are set out in Stellar's technical documentation.

Exactly this mechanism can be read off our figures. The median bid stood at 144,757 stroops, while the median amount settled was 300. Senders therefore offered around four hundred and eighty times what they paid in the end. Only 8.6 percent of transactions were actually settled at their own maximum bid.

For your own transfer that means two things. A high bid in the wallet does not make the payment more expensive; it protects against load spikes and nothing else. It gets critical the other way round with software that hard-codes the upper limit at a low level: payments like that drop out of the ledger during a spike. Anyone who buys XLM through an exchange and leaves it sitting there sees none of this, because the trading venue books internally; the fee question only comes up on withdrawal to an address of your own. Which venues offer what terms is set out in our crypto exchange comparison.

Buying XLM in Germany: MiCA authorisation and where XLM trades

Since the European regulation on markets in crypto assets took effect, trading venues may serve retail clients in Germany only with an authorisation as a crypto-asset service provider. The companies that BaFin lists are set out in its register of crypto institutions. Under the regulation XLM counts as a crypto asset with no issuer behind it and is traded by the large authorised venues; a delisting risk of the kind seen with some stablecoins does not apply here.

In practice you buy XLM in ordinary spot trading, against the euro or against an authorised stablecoin. Watch the spread and not the order fee alone, because with a coin turning over $814 million a day the spread is the bigger cost block at smaller venues. Anyone who comes in through a certificate or an exchange-traded product ends up holding a claim against an issuer and no coins, with a default risk of its own and a different tax treatment.

Holding period under section 23 of the German Income Tax Act: one year and the €1,000 threshold

Gains from selling XLM count in Germany as private disposals under section 23 of the Income Tax Act. Sell within a year of buying and the gain is taxable, charged at your personal income tax rate. Once a year has passed it stays tax free. The threshold for all private disposals in one year is €1,000; once it is exceeded, the entire gain is taxable and not merely the part above it.

A price rise of eight percent in a day shortens no deadline. Anyone taking profits after the jump should look up first when the individual lots were bought, because a sale a few weeks before the one-year mark can turn out expensive. Where there were several purchases at different times, the first-in-first-out method applies per wallet or account.

There is no staking on Stellar: SCP instead of proof of stake

One widespread expectation we will clear up here, because it leads to mistaken purchases again and again: XLM cannot be staked. The Stellar Consensus Protocol works without any capital deposited. It is a voting model among validators who put nothing up and receive no reward for it either. A yield from the network itself does not exist on Stellar.

The earlier inflation of one percent a year, paid out to wallet addresses, was switched off by the validators in October 2019. In November 2019, 55.5 billion XLM were destroyed, and the total supply has stood at 50 billion since then. So when a platform offers you a yield on XLM, it does not come from the network but from that platform's own business: from lending, from trading or from a bonus programme. What you carry with it is counterparty risk, not protocol risk.

Storing XLM: minimum reserve, memo and the choice of wallet

Two particulars apply to custody on Stellar. Every address must first hold a minimum reserve that stays tied up in the network and cannot be paid out; it rises with every additional entry, such as one further token held. Second, many exchanges ask for a memo on deposits, an extra identifier alongside the address. A transfer without that memo lands in a collective account and has to be assigned by hand.

On an exchange the coins sit in the provider's holdings, with its insolvency and attack risk. A software wallet on your phone suits the amounts you move day to day. For holdings meant to sit until the one-year mark has passed, the way leads to a device that the private key never leaves. The minimum reserve applies just the same in both cases.

Stellar price and network load: the key points for your decision

The price jump is the occasion, the network figures are the finding. Three steps follow from them.

1. Look up the trading venue's authorisation. Buy XLM where an authorisation under the European crypto-asset regulation is in place. Our comparison of regulated crypto exchanges gives an overview.
2. Keep a record of your purchase dates. For the one-year period under section 23 of the Income Tax Act, the day of each individual purchase is what counts. A tax tool or portfolio tracker logs this as you go, not in hindsight.
3. Fit custody to your holding period. Anything meant to sit for more than a year does not belong in an exchange account. The devices for that are in our hardware wallet comparison.

(As of September 29, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Zcash costs around $1,464 on the evening of September 28, 2026, 8.5 percent less than 24 hours earlier. There is no trigger in the project: no upgrade was postponed, no exchange halted trading, no authority intervened. What changed is the amount of borrowed money sitting on the price. Open interest in ZEC futures contracts on the OKX exchange shrank by 13.5 percent within 24 hours, considerably more than the price itself. This piece shows where those numbers come from, what they say about the days ahead and which three things hang on them for you as a holder in Europe.

Zcash falls to $1,464: the numbers on the pullback

CoinGecko price data show Zcash at $1,464.12 on the evening of Monday, September 28, 2026, the equivalent of €1,287.77. That is 8.5 percent less than the previous day. Within those 24 hours the high stood at $1,601.85 and the low at $1,449.25, so the range amounts to a good 10 percent of the price. Trading turnover adds up to $1.12 billion, market capitalisation to $24.82 billion. That puts ZEC ninth among the largest crypto-assets.

The pullback only looks large inside the daily window. Over seven days Zcash is up 0.78 percent, over 30 days 74.51 percent and over 60 days 209.95 percent. Individual market reports from the same day put the month at around 83 percent; the divergence from our figure arises from the chosen reference date. What is dependable is the range between 74 and 83 percent, not the single number. ZEC remains 54 percent away from its all-time high of $3,191.93 set in October 2016.

Supply matters for context. Of a maximum 21 million ZEC, 16,954,919 units are in circulation. Zcash shares that ceiling with Bitcoin, and as there, new issuance falls over time. A price pullback changes nothing on that supply side.

In its assessment of September 28, the analysis service FXStreet describes bullish momentum easing and a decline below $1,500 as possible. That level is precisely the point at which the coming days will decide whether the market holds its September gain. On Monday evening the price stood below it.

Open interest on the OKX perpetual: 13.5 percent lower in 24 hours

Open interest is the sum of all futures contracts currently open and not yet closed. The measure captures how much capital is riding on a price through derivatives. About the direction of those bets it says nothing.

cryptoticker.io compiled this analysis itself on September 28, 2026. It rests on public data from the OKX exchange for the perpetual futures contract ZEC-USDT-SWAP: open interest, its notional value and the funding rate. The series covers 720 hourly readings over the past 30 days, from August 29 to September 28, 2026. A single trading venue was examined.

The result: the most recent hourly reading stands at $164,953,265. The day before it was $190,686,317. That is a decline of 13.5 percent in exactly 24 hours. Against the high of the past 30 days, $236,835,430 on September 18, it is now 30.4 percent short. The contract's notional value on Monday evening stood at 110,895.86 ZEC, the equivalent of $162.3 million.

The steepest drop falls within a single hour. On Monday evening open interest sank from $174,821,842 to $163,904,108, down 6.2 percent in 60 minutes. Jumps like that do not come from the calm closing of positions; they come from forced liquidations.

The 30-day view reads differently at the same time: on August 29 open interest stood at $125,324,830. Despite the slide of recent days, the measure is therefore 31.6 percent higher than a month ago. Leverage in the market has shrunk without disappearing.

Falling open interest is not a sell-off: the difference

Many readers read every falling measure as flight. With derivatives that is rarely the case. When a price falls while open interest falls with it, leveraged positions are leaving the market. The money vanishing in the process was borrowed money, not coins held in a portfolio. Where the price falls while open interest rises, participants are actively building fresh bets on lower prices. That is the more dangerous situation, because it adds pressure instead of releasing it.

For Zcash the combination from our measurement looks like the former: price down 8.5 percent, open interest down 13.5 percent. The measure falls faster than the price. In that constellation the market is shedding leverage. After a month up 74 percent this is an ordinary process, and it leaves the price less exposed to downward chain reactions over the following days.

What our measurement does not show

Three limits belong to this survey, and we name them openly. First, it covers one trading venue. The futures markets of Binance and Bybit could not be queried. A whole-market figure for open interest in ZEC is therefore not contained in our numbers.

Second, the measure does not distinguish between closed long positions and closed short positions. How much of the $25.7 million in vanished interest falls on forced liquidations of long positions cannot be read out of this series. Market reports from that evening put single-digit million amounts on it across several trading venues, which we were unable to verify ourselves.

Third, the funding rate of the OKX contract was unremarkable on Monday evening. The value stood at 0.01 percent per period, the standard value, within a permitted range of minus one to plus one percent. A strongly positive rate would have signalled overheated long positions. The market is not offering that finding right now.

Leverage, funding and liquidation: the mechanics behind the slide

A perpetual futures contract, known in the market as a perpetual or perp, is a derivative without an expiry date that is held close to the spot price through a regular settlement payment between the buy and sell sides. That payment is called the funding rate, or funding. Anyone trading with leverage posts only a fraction of the position value as collateral. If the price falls below a calculated threshold, the exchange closes the position itself. That is liquidation.

At leverage of ten, around ten percent of price movement against the position suffices; at leverage of twenty, around five percent. Zcash has run through a range of a good ten percent between the day's high and low in the past 24 hours. Every long position at leverage ten opened near the high of $1,601.85 was therefore on the edge arithmetically. Positions of exactly that kind explain the 6.2 percent jump in open interest within a single hour.

If you trade ZEC with leverage yourself, three figures matter more right now than any forecast: your liquidation price, which every exchange shows in the position window, your free collateral, and the funding rate of your trading venue. The third decides how expensive holding over several days becomes. Fee models and funding rates diverge considerably between venues for perpetual contracts, and over several days that difference adds up.

Buying route in Europe: spot, ETP and the limits under MiCA

For buying ZEC directly, a clear framework has applied in Germany since the European regulation on markets in crypto-assets, MiCA for short. Providers need authorisation as a crypto-asset service provider, and supervision sits with the BaFin. The authority lists the licensed institutions in a public register that you can inspect on the BaFin's pages. Anyone buying on a trading venue without that authorisation has no German supervisor behind them in a dispute. Which licensed venues come into question for buying is set out in our comparison of crypto exchanges.

Besides buying directly there is the route through an exchange-traded product. In Europe crypto-assets come to market as an ETP, meaning a collateralised security with an issuer behind it. A classic fund it is not. The advantage lies in the familiar brokerage account and in settlement through the exchange. The difference lies in taxation and in the issuer's default risk. What that means in detail is set out in our overview of crypto ETFs and ETPs for European investors.

AMLR Article 79: July 10, 2027 and shielded balances

Zcash has a property no other asset in the top ten shares: shielded transactions, in which sender, recipient and amount do not appear publicly on the blockchain. A European deadline hangs on precisely that. The European Union's anti-money-laundering regulation, Regulation 2024/1624, prohibits anonymous accounts and anonymity-enhancing crypto-assets at credit institutions, financial institutions and crypto-asset service providers in Article 79. The provision applies from July 10, 2027.

Two points are regularly confused here. The rule addresses providers, not you as a private individual. Holding ZEC remains permitted, as does transferring between your own wallets. What falls away is trading at regulated providers in the EU. Anyone wanting to hold ZEC beyond July 2027 needs a custody route by then that does not hang on a European exchange. The particulars and the open questions are written up in our analysis of the privacy coin ban of September 28, 2026.

For today's pullback that deadline is no trigger. It has been known since 2024 and lies more than 21 months away. It still belongs in every consideration reaching beyond the coming trading week.

Holding period under Section 23 of the German Income Tax Act: a pullback does not extend a deadline

When buying crypto-assets directly, Section 23 of the German Income Tax Act applies in Germany. Gains on a sale are tax-free where more than one year lies between purchase and sale. Within the year, an exemption threshold of €1,000 applies to all private disposals taken together. Exceed it and the entire gain is taxable, not only the part above the threshold.

A price pullback changes nothing about the deadline. The period runs per purchase and from the day of purchase. Anyone who bought more in August and in September has a separate date for each tranche. For tax purposes, settlement in Germany usually follows the first in, first out method, so the coins bought first count as sold first. A sale into weakness can therefore dissolve precisely the oldest and thus most tax-favoured holding.

A different system applies to derivatives. Gains from perpetual futures contracts are treated as investment income. The one-year period does not apply there. Anyone running both in parallel is best served by two separate sets of records. Those records have to keep purchase dates, deadlines and derivative positions apart from one another. Assessing the individual case for tax remains a matter for your tax adviser.

Custody: shielded pools and the November deadline

Zcash knows several balance types. Alongside transparent addresses there are shielded pools, which have been renewed several times over the years. Older pools are retired step by step with network upgrades, and any balance still sitting there has to be moved beforehand. According to our analysis of September 23, 2026, this affects holdings in the old Sprout pool before November 5, 2026 in particular; the particulars are set out in our piece on moving old ZEC balances from the same day.

Anyone wanting to hold ZEC for the long term should not leave the holding on an exchange anyway. Because of the European deadline in 2027 that applies more strongly here than with other assets. A hardware wallet supporting shielded Zcash addresses is the usual route for it. A small test transfer belongs before every transfer, and the recovery words belong in neither a photo nor a cloud.

Zcash after the pullback: Your next three steps

1. Leveraged positions first. Open your position window and read off the liquidation price and your free collateral. With a daily range of a good ten percent, leverage of ten or more no longer survives a night without a buffer. Which venues charge which funding rates and fees is shown by the perp DEX comparison.
2. Sort your purchase dates. Write down the purchase date and price for each tranche before you think about selling. The one-year period under Section 23 of the Income Tax Act often decides more about your result than the day's move. A tool from the overview of crypto tax software takes the sorting off your hands.
3. Settle the custody route. Decide whether your ZEC holding should sit on a European trading venue until 2027. If not, set up self-custody now and not in the summer of 2027. Suitable devices are listed in the hardware wallet comparison. FXStreet's assessment of the $1,500 level can be found in the original at FXStreet.

(As of September 28, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

OpenAI says its agents keep landing on government websites because they treat them as reliable sources, but it's pausing training while it adds safeguards.

A UC San Diego-led team impersonated a hardware security module without extracting its key.

Coinbase and Citi expanded an existing deal so Citi's institutional clients can accept stablecoin payments, while Coinbase business accounts run on Citi's banking rails.

Anthropic's mid-tier model tops its own flagship on Terminal-Bench 4.0 and costs half as much per token, but an independent tester found it burns more tokens than any model it has measured.

Senator Sarah Hanson-Young has invited the OpenAI and Anthropic CEOs to a Canberra hearing on October 1, after an OpenAI agent quietly accessed Australia's Medicare data and nobody said a word for months.

An early Ethereum whale nets 15,600% profit, selling coins bought at $18.80 as ETH locks in its best Q3 rally on record.

Apple has patched a critical iPhone vulnerability that may already have been exploited in sophisticated attacks.

XRP's strong technical signal might be too late for the price to react positvely.

Veteran commodity trader Peter Brandt has named Stellar (XLM) as a potential long-term winner, telling traders that the cryptocurrency could be a good "long shot" bet over the next several years as its price jumps nearly 7%.

Monero has released a new version of its beta stressnet software as the privacy-focused network moves closer to testing major upgrades FCMP++ and CARROT.

TLDR

• ETH is trading at $2,706.58, up 2.12% on the day, after recently nearing the $2,800 area.
• The token holds above its 7-, 20-, 50- and 200-day moving averages, but the MACD shows cooling momentum.
• Analyst Ali Charts says ETH may be forming a bull flag, with $2,640 as key support and $3,000 as a possible target.
• Retail traders are 71.7% long, while top traders are more balanced at 58.2% long.
• Spot Ethereum ETFs have seen steady inflows, with cumulative net inflows at $13.94 billion.

Ethereum is trading near $2,700 as traders watch whether the latest pause turns into a breakout or a pullback.

At the time of writing, ETH was priced at $2,706.58, up 2.12% on the day. Earlier data showed the token at $2,675.94, down 0.47% over 24 hours.

The token recently climbed toward the $2,800 area before easing back. It reached $2,721.42 during the day before pulling away from that level.

Price Holds Above Moving Averages

ETH is trading above its 7-, 20-, 50- and 200-day simple moving averages. The 200-day simple moving average sits at $2,108, nearly $600 below the current price.

On the daily TradingView chart, ETH is also above its 20-day exponential moving average of $2,604.39. The 50-day, 100-day and 200-day EMAs sit at $2,426.84, $2,265.83 and $2,259.76.

Momentum readings are softer. The MACD histogram shows -3.00, with the MACD line at 85.75 below the signal line at 88.75. This points to cooling short-term momentum after the recent rally.

The Relative Strength Index is at 64.34, which is below overbought levels. The upper Bollinger Band sits at $2,834.77.

Immediate resistance stands at $2,739.54, with a stronger resistance zone at $2,772.50. Immediate support is at $2,655.50, and strong support sits at $2,604.42.

Crypto analyst Ali Charts said in a post on X that ETH appears to be forming a bull flag on lower timeframes. He named $2,640 as key support and said the setup favors bulls as long as that level holds.

According to Ali Charts, an hourly close above $2,700 could open a path toward $3,000. A drop below $2,640 would weaken the setup.

Derivatives and ETF Data

The taker buy/sell ratio is running at 1.69. This means aggressive buyers are outpacing sellers by nearly 1.7 to 1.

One data set shows open interest at $6.14 billion, up 1.31% in 24 hours, with funding rates at 0.0070%. CoinGlass data shows total Ethereum open interest between roughly $30 billion and $35 billion in recent sessions.

Daily trading volume has often landed between $40 billion and $80 billion. Open interest saw a larger spike around September 22.

Positioning data shows 71.7% of retail traders are long. Top traders are more balanced, at 58.2% long and 41.8% short.

Blockchain.news analyst Peter Zhang gave a 55% chance to a bull case. In that scenario, a daily close above $2,772.50 would target $2,834.77, with $2,900 to $3,000 possible within 14 to 21 days.

His bear case, at 45%, sees a drop to $2,655.50 or $2,604.42. A daily close below $2,604.42 would put the 50-day SMA at $2,420.88 in view.

Spot Ethereum ETFs have recorded steady net inflows. They took in $104.63 million on September 23, $66.01 million on September 24 and $86.95 million on September 25.

The largest recent inflow came on September 21 at $269.98 million. Cumulative total net inflows now stand at $13.94 billion.

The post Ethereum (ETH) Price: Trades Near $2,700 as Traders Watch Key Resistance appeared first on Blockonomi.

Key Highlights

• Shares of Pershing Square (PS) advanced approximately 5% on September 28, finishing at $59.18, marking a dramatic surge of nearly 49% from September 15.
• The investment firm exceeded analyst projections, delivering earnings per share of $0.14 compared to the anticipated $0.12, while revenue reached $68.03 million.
• The company initiated Pershing Square Ventures (PSV), a newly established permanent-capital vehicle, following a $30 million draw on its credit facility.
• Total assets under management across the organization approached $33 billion at the end of August, generating $54.18 million in management fees during the second quarter.
• Analyst consensus leans toward a Hold recommendation, with price targets averaging between $41 and $42, suggesting potential downside from current levels.

Pershing Square (PS) shares surged approximately 5% during Monday’s session, settling at $59.18. The advance extends an impressive rally that has delivered gains approaching 49% since mid-September.

Pershing Square Inc., PS

Market activity intensified alongside the price movement. Approximately 512,771 shares traded hands, representing an 18% increase over typical daily volume.

Market participants have been reassessing the valuation as Bill Ackman’s alternative investment firm embarks on an expansion strategy. The initiative largely revolves around a new investment vehicle currently under development.

The firm delivered better-than-expected quarterly results last month. Earnings per share reached $0.14, surpassing the consensus estimate of $0.12 by a two-cent margin.

Quarterly revenue totaled $68.03 million. Market watchers project full-year earnings per share at $0.56.

Shareholders receive a quarterly distribution of $0.122 per unit. On an annual basis, this translates to $0.49, producing a yield around 1%.

New Venture Fund Emerges

Central to the current narrative is Pershing Square Ventures, commonly referred to as PSV. This initiative represents a proposed permanent-capital structure dedicated to investments in mature private enterprises.

On August 12, Pershing Square accessed $30 million through its revolving credit line. These funds will support initial investments within the emerging fund structure.

The strategy follows a clear rationale. Instead of soliciting commitments for an unproven vehicle, the organization can present prospective investors with a functioning portfolio containing established positions.

Aggregate assets under management approached $33 billion at the conclusion of August. Management fees during the second quarter amounted to $54.18 million.

The firm’s capital structure already emphasizes permanence, with 98% of funds locked in structures not vulnerable to withdrawal. PSV would replicate this framework within private equity markets.

Previous fundraising efforts have proven successful. Pershing Square USA, the firm’s domestic closed-end structure, participated in a transaction that secured $5 billion during April.

Analyst Perspectives

Professional opinions show divergence. The consensus tilts toward Hold recommendations, featuring one Buy rating alongside multiple Hold assessments issued within the previous three months.

Consensus price targets cluster in the $41 to $42 range. This stands substantially below present trading levels and suggests potential downside approximating 28% should shares revert to analyst expectations.

Wells Fargo elevated its target to $36 during September while maintaining an Equal Weight stance. Citigroup downgraded to Neutral in August, establishing a $45 objective.

Weiss Ratings implemented a modest upward adjustment, whereas Wall Street Zen shifted to a Sell recommendation in June.

PSV remains in development, leaving questions about ultimate scale and investor appetite unresolved. Performance will also hinge significantly on Ackman’s specific portfolio decisions.

Despite uncertainty, certain institutional players expanded their stakes. Ancora Advisors, Wedbush Securities, and HSBC Holdings each initiated positions throughout the second quarter.

The 50-day moving average rests at $39.80, considerably beneath current price levels. Market capitalization stands at $23.88 billion, accompanied by a price-to-earnings ratio of 426.36.

The post Pershing Square (PS) Stock Surges 5% as Ackman Launches Private Markets Initiative appeared first on Blockonomi.

Quick Overview

• Nike shares hover around $36, approaching the 52-week low of $35.22.
• Piper Sandler reduced its price target to $38 from $45 while maintaining a Neutral stance ahead of the October 1 earnings release.
• Deutsche Bank dropped its target to $37, citing continued weakness in Chinese markets and margin headwinds.
• Evercore ISI suggests wholesale partners may have scaled back Spring 2027 orders, potentially forcing a downward revision to second-half guidance.
• Consensus among Wall Street analysts remains at Hold, with price targets spanning approximately $37 to $47.

Shares of Nike are currently trading near the $36 mark, dangerously close to the annual low of $35.22 recorded earlier this year. The athletic footwear and apparel giant has seen its stock plummet approximately 25% following its previous quarterly report and now trades roughly 53% beneath its high from one year ago.

NIKE, Inc., NKE

The athletic wear powerhouse is scheduled to unveil its first-quarter fiscal 2027 financial results on October 1. Market observers are paying careful attention, with analyst commentary intensifying in recent days.

Piper Sandler reduced its price objective on Nike shares to $38 from a previous $45 this Monday. The investment firm maintained its Neutral position, noting the stock has declined 42% throughout the current year.

Deutsche Bank similarly adjusted its forecast downward, shifting from $45 to $37 while preserving a Hold recommendation. This revised target suggests merely 5% potential appreciation from present trading levels.

Both financial institutions highlighted identical concerns. Nike has already provided guidance indicating first-quarter revenue will decline by a low-to-mid-single-digit percentage, with the subsequent quarter potentially showing even softer performance.

Wholesale Partners Reportedly Scaling Back Future Orders

Evercore ISI analyst Michael Binetti introduced an additional worry. According to his research, certain retail partners seem to have decreased or outright canceled orders for the Spring 2027 season.

This development could compel Nike to revise its second-half fiscal 2027 projections downward ahead of its scheduled November investor day presentation. Current Wall Street forecasts anticipate sales bottoming approximately 4% below prior-year levels during the first half, followed by stabilization in subsequent quarters.

Stifel analyst Peter McGoldrick highlighted disappointing reception for recent product launches. He additionally observed that Nike’s Hoops Classics collection, which represents roughly 18% of total revenue, continues to contract.

Nike’s brand positioning has encountered additional setbacks. High-profile soccer athlete Kylian Mbappe recently terminated his Nike partnership to sign with competitor On Holding.

Dick’s Sporting Goods has also indicated that aggressive Nike promotional activity has negatively impacted certain segments of its business. The sportswear company is attempting to liquidate legacy inventory while simultaneously directing consumers toward newer, full-margin merchandise.

Wall Street Divided on Nike’s Prospects

Analyst opinions on the stock remain fragmented. Both Jefferies and BTIG maintain Buy recommendations, with Jefferies projecting first-quarter revenue of $11.5 billion.

Bank of America took a contrasting position, downgrading Nike to Underperform with a $30 price objective. The bank cited sluggish sales momentum and intensifying competition from Adidas.

Goldman Sachs lowered its target to $38 while retaining a Neutral outlook. StoneX initiated coverage with a Hold rating.

Piper Sandler’s proprietary forecasting model projects first-quarter revenue declining 3% with earnings reaching $0.37 per share, falling short of the consensus estimate of $0.43. The firm also reduced its gross margin projection by 40 basis points.

The Chinese market continues presenting challenges. Pou Sheng, a key Nike distributor operating in China, disclosed additional sales deterioration during July and August.

Nike’s most recently disclosed quarter delivered revenue of $10.97 billion, representing approximately a 1% year-over-year decline. Earnings reached $0.20 per share, surpassing analyst expectations of $0.11.

The company has also recently appointed a new Chief Financial Officer, providing leadership with additional justification to exercise caution regarding forward guidance until the November investor conference. Nike is set to report first-quarter fiscal 2027 earnings on October 1, 2026.

The post Nike (NKE) Stock Hovers Near Annual Lows Amid Wave of Analyst Downgrades appeared first on Blockonomi.

Key Takeaways

• Micron will unveil its fiscal Q4 results following Wednesday’s closing bell
• D.A. Davidson’s Gil Luria maintains a bold $2,000 price forecast, suggesting potential for doubling
• Market volatility indicators suggest shares may move roughly 7% following the announcement
• Projected sales figure of $50.95 billion represents a staggering 350% annual increase
• Expected adjusted profit per share of $31.63 marks more than a tenfold jump from prior year

Shares of Micron Technology (MU) retreated 3% during Monday’s session, settling at $1,053.98. The stock rebounded approximately 2% during Tuesday’s pre-market hours.

Micron Technology, Inc., MU

This price action unfolds just days ahead of Micron’s scheduled fiscal fourth-quarter financial disclosure, set for Wednesday after trading concludes. Market participants are eager to assess the sustainability of the artificial intelligence-driven memory chip rally.

Derivatives market activity indicates potential volatility of approximately 7% in either direction through week’s end. Such movement could propel shares toward $1,127—approaching the June peak—or send them tumbling below $982.

Since the start of January, Micron’s equity value has expanded nearly fourfold. This remarkable appreciation stems from explosive growth in memory component requirements for AI-focused computing infrastructure.

D.A. Davidson equity analyst Gil Luria maintained his $2,000 valuation target on Monday. This forecast substantially exceeds the consensus Street estimate of $1,520, per Yahoo Finance tracking.

Luria’s projection indicates approximately 100% appreciation potential from present trading levels. His thesis centers on memory’s critical role in both training and deploying AI algorithms.

“Increased memory capacity enables superior model performance, accelerates inference speeds, and extends context window capabilities,” Luria explained. He highlighted robust purchasing signals from leading technology corporations.

Luria referenced Meta’s Muse offering as a compelling recent case study. He noted that this interface innovation has driven greater consumer adoption of emerging AI applications.

Understanding the Memory Supply Shortage

High-bandwidth memory modules and cutting-edge DRAM products designed for AI computing systems continue facing severe supply constraints. Requirements from artificial intelligence infrastructure developers have exceeded manufacturing capabilities.

Micron, along with SK Hynix and Samsung Electronics, has essentially exhausted premium AI memory production capacity extending well into 2026. Major purchasers encompass Nvidia, Microsoft, Amazon, and Meta.

Strong purchasing momentum surrounds Micron’s HBM3E and HBM4 product lines. These components pair with Nvidia and AMD graphics processing units within AI server architectures.

The capacity shortage has elevated memory pricing dynamics. This development has granted manufacturers enhanced pricing authority following extended periods of challenging industry fundamentals.

JPMorgan analyst Jay Kwon observed that the memory total addressable market is expanding through both unit volume and pricing improvements. He anticipates the supply-demand imbalance will continue for an additional two years.

Wednesday’s Earnings Forecast: What Wall Street Anticipates

Financial analysts project Micron will announce $50.95 billion in quarterly revenue for its fiscal fourth period. This figure would represent a 350% expansion versus the comparable year-ago timeframe, based on Visible Alpha consensus.

Adjusted profit per share is forecasted at $31.63. This metric exceeds Micron’s reported performance from the equivalent prior-year quarter by more than ten times.

UBS research team members recently indicated the disparity between memory supply availability and customer demand will continue expanding through 2027. They recommended investors prioritize demand sustainability over near-term price fluctuations.

Luria drew valuation comparisons between Micron and semiconductor peers AMD and Intel. He observed both competitors command price-to-earnings multiples between 40 and 60, whereas Micron trades at roughly 7 times earnings.

The post Micron (MU) Stock Faces Critical Earnings Test: What Investors Need to Know appeared first on Blockonomi.

TLDR

• BlackBerry stock jumps 7.19% after a major QNX automotive program win.
• QNX will power neueHCT smart cameras for a German automaker’s platform.
• Production starts in 2027, with several million units expected in three years.
• The system supports braking, lane warnings, traffic lights, and vehicle centering.
• QNX strengthens its role in global software-defined vehicle safety systems.

BlackBerry Limited stock advanced after QNX secured a role in a major global automotive program. BB closed at $8.80, gaining 7.19% during Monday’s session. However, shares slipped 0.23% to $8.78 in pre-market trading.

BlackBerry Limited, BB

BlackBerry QNX Wins Major Global Auto Program

BlackBerry and neueHCT announced a new automotive program involving a major German vehicle manufacturer. The automaker selected neueHCT’s QNX-powered HCT Luna High-Performance Smart Camera Solution. The system will support a global passenger vehicle platform launching first in China.

The program will later extend across Australia, New Zealand, Japan, and South Korea. Production remains scheduled to begin during 2027 under the current rollout plan. neueHCT expects several million units during the first three production years.

The contract marks HCT Luna’s first major global program powered by BlackBerry’s QNX software. Therefore, the agreement moves the system beyond individual vehicle applications into broader commercial deployment. The program also creates a base for future expansion across additional models and markets.

QNX Powers Advanced Driver Assistance Systems

HCT Luna runs on Horizon Robotics’ Journey 6B automotive computing platform. QNX OS for Safety 8.0 provides the system’s core software foundation. The architecture supports advanced driver assistance features across several vehicle types.

The system includes Automatic Emergency Braking, Lane Departure Warning and Traffic Light Recognition. It also handles cut-ins, sharp curves, construction zones, and roads with limited lane markings. These functions target broader active safety coverage for mass-production passenger vehicles.

QNX OS for Safety 8.0 provides predictable performance, fault isolation, and real-time system response. The software also carries ISO 26262 ASIL D functional safety certification. The platform underwent assessment under the ISO/SAE 21434 automotive cybersecurity standard.

BlackBerry Expands QNX Automotive Reach

BlackBerry continues positioning QNX as foundational software for software-defined vehicles. Major automakers and suppliers already use QNX across several automotive systems. These applications include digital cockpits, driver assistance systems, and domain controllers.

The neueHCT program expands QNX’s role within scalable smart-camera technology. The platform allows automakers to adapt software across models and regional configurations. This approach can shorten development cycles while maintaining consistent vehicle functions.

BlackBerry’s latest automotive win also adds commercial context to BB stock’s recent surge. The program links QNX technology with a large-volume vehicle rollout beginning in 2027. Consequently, the agreement strengthens BlackBerry’s exposure to expanding software-driven automotive systems worldwide.

The post BlackBerry Limited (BB) Stock: Surge as QNX Secures Major Global Auto Program  appeared first on Blockonomi.

Bitcoin continues to trade within a well-defined range, with a lower boundary at $83,000 and an upper at $85,000, currently sitting right in the middle.

ETH has soared past $2,700 again, while LINK and XLM have stolen the show from the larger caps, surging by double digits.

BTC Above $84K

The primary cryptocurrency went on a wild run last Monday after it rebounded from a dip to $80,000 during the weekend. It added over $7,000 in value within 12 hours or so and surged past $87,000 for the first time since late January. The first dip drove it to $85,000 before the bulls tried to take down the $87,000 barrier once again.

The second rejection was a lot more painful as it drove BTC to under $84,000 within hours before the asset further dropped to $82,800. It bounced off shortly after, but it was stopped at $85,000 once again.

Since then, it has been more or less the aforementioned trading range. It tried to break out during the weekend, but it was halted at $85,000. The bears then tried to push it south hard, but they couldn’t crack the $82,500 level. As of now, BTC has rebounded to just over $82,000.

Its market capitalization has risen to $1.680 trillion on CMC, while its dominance over the alts remains sideways at 58.6%.

LINK, XLM, HBAR Rocket

Ethereum has gained over 3% in the past 24 hours and has risen past $2,700 once again. XRP is above $1.50 after a 2.3% increase. SOL, BNB, TRX, and DOGE are also slightly in the green. ADA is above $0.25 after a more impressive 4% pump.

Chainlink’s LINK has soared by over 11% in a day and now sits above $15. XLM has posted a similar jump, currently trading around $0.23. HBAR has surged by 20% and now trades close to $0.12. In contrast, ZEC and NEAR have dumped by up to 9%. CRO, AAVE, and ICP are the other notable gainers among the larger-cap alts.

The cumulative market capitalization of all crypto assets has increased slightly since yesterday to $2.860 trillion on CMC.

The post Chainlink (LINK) Rockets by 11% Daily, Bitcoin (BTC) Reclaims $84K: Market Watch appeared first on CryptoPotato.

ICP has surged by double digits over the past 30 days, exceeding $3.30 on Monday and Tuesday, according to data from CoinGecko.

Despite the revival, it remains far below its all-time high, yet many market observers believe this could be the start of a major rally.

The Bulls’ Voices

X user CW recently maintained that the cryptocurrency continues to show accumulation signals, claiming a pattern that preceded previous gains is repeating.

“The next phase following this accumulation will be an upward move,” they added.

Shortly after, the analyst suggested that ICP has reached a specific buy wall zone and has a high probability of rebounding from current price levels.

JAVON MARKS and Nehal have also touched on Internet Computer, making much more optimistic bets. The former argued that the altcoin has shown “consistent strength,” which is something to monitor as the valuation broke out of a key Falling Wedge pattern.

“This pattern suggests an over 208% move back to the $10 areas, and they could even extend much higher,” the analyst said.

Nehal said he has spent the last few weeks digging deep into the ICP code, claiming it feels like “alien technology.” After his research, the X user made a bold forecast that the asset’s price could explode to $60, representing roughly a 1,560% increase from the current zone.

ICP’s recent exchange netflow reinforces the optimistic forecasts. Outflows have mainly dominated inflows over the past several weeks, meaning investors have shifted from centralized platforms to self-custody, easing short-term selling pressure.

The Bearish Outlook

Of course, not everyone thinks that ICP is on the verge of posting additional gains in the near future. X user Crypto With Gopal, for instance, suggested that the asset is forming a rising wedge pattern.

Based on the structure, the price is pulling back after a strong rally, with sellers pressuring wedge support and momentum fading as bulls struggle to hold the $3 mark.

“A breakdown below support could trigger further downside, while reclaiming resistance may revive bullish momentum. Bears watching for confirmation,” he concluded.

The post Internet Computer (ICP) Soars 35% Monthly as Analysts Eye a Pump Above $10: Details appeared first on CryptoPotato.

Stablecoin giant Tether said on Monday it has helped US authorities freeze nearly $550 million in Iran-linked USDT so far this year.

The company detailed two of those developments. The first, in April, locked more than $344 million in USDT across two TRON addresses. The company acted on information from the Treasury’s Office of Foreign Assets Control (OFAC) and US law enforcement. OFAC added both addresses to its sanctions entry for the Central Bank of Iran on April 24.

Treasury Names Crypto a Sanctions Target

That entry links the central bank to the Islamic Revolutionary Guard Corps (IRGC) Qods Force and Hezbollah. OFAC added four more TRON addresses to the same entry on July 14. Tether froze more than $130 million in USDT across those four wallets. Together, the two freezes come to more than $474 million. Tether’s release does not itemize the remaining ones.

“Public blockchains provide authorities with a level of visibility into the movement of funds that simply does not exist with cash, and Tether can act when credible information is provided by law enforcement,” said Tether CEO Paolo Ardoino.

In June, the US Treasury sanctioned Nobitex, Iran’s largest crypto exchange. It said the platform helped the central bank obtain stablecoins used to support the falling rial.

Treasury Secretary Scott Bessent then launched Operation Economic Outcast on August 24 against the Iranian regime’s financial networks. Its sectoral sanctions determinations name five sectors, starting with digital assets, technology, gold, aviation, and shipping. The Treasury said Iran increasingly uses cryptocurrency to evade sanctions, including for transactions linked to the IRGC.

On September 17, OFAC sanctioned Iranian crypto exchange BitBank, which it said is controlled by sanctioned financier Babak Zanjani. The Treasury alleged that BitBank moved hundreds of millions of dollars’ worth of Bitcoin (BTC) to the IRGC in June and July.

Tether Also Acts on Israeli Referrals

Tether said it has worked with Israel’s National Bureau for Counter Terror Financing (NBCTF) for several years. It has frozen more than 22 million USDT across over 40 cases the bureau referred to the company.

In September 2025, the NBCTF published 187 crypto addresses it tied to the IRGC. Blockchain analytics firm Elliptic reported that those addresses had received $1.5 billion in USDT, and Tether blacklisted 39 of them, freezing the roughly $1.5 million they still held. Though Elliptic noted that some of the addresses may belong to crypto services handling funds for many customers.

Across all its cases, Tether said it has helped freeze more than $4.9 billion, including more than $2.4 billion tied to US authorities.

The post Tether Freezes Nearly $550M in Iran-Linked USDT in 2026 as US Crackdown Expands appeared first on CryptoPotato.

September 2026 is turning out to be entirely different for Ethereum, as it appears to have bucked the “September Curse.” Since the start of the month, ETH is up by more than 9%.

Fresh data also revealed that the asset may be approaching a major resistance zone before a potential bullish move.

Real Test

According to the latest findings by Ali Martinez, whale activity has risen sharply across the Ethereum network. Transactions worth more than $1 million jumped nearly 500% in the past week. The number of such transactions increased from 1,202 to 7,113. Martinez also found that large holders accumulated more than 320,000 ETH. At current prices, this stash is worth around $864 million.

However, Ethereum still faces a major wall between $2,722 and $2,822. More than 13.3 million ETH were previously traded in this range, which makes it a significant hurdle. Martinez said several failed breakout attempts could occur. If the leading altcoin breaks above this zone decisively, the next resistance levels are near $2,970 and $3,366. According to the analysis, rising whale demand remains a major market signal.

At the same time, another important trend is developing on the supply side. CryptoPotato recently reported that Ethereum’s available supply on crypto exchanges has dropped to a record low. Only 3.49% of ETH is held on tracked platforms, while another 1.16% of the supply has left exchanges since June 1.

The decline is linked partly to growing activity in staking and DeFi. Around 35% of ETH is estimated to be staked, while roughly $53 billion is locked in DeFi. Long-term holders and large treasury firms are also keeping more tokens off exchanges. This could limit readily available supply if demand increases.

Separately, Ethereum is also seeing an aggressive bet from a trader with an unusual track record. A mysterious trader has taken a $99 million long position on the crypto asset using 25x leverage. The position was opened when ETH traded near $2,660, with liquidation set at $2,552 unless more collateral is added.

The trader has reportedly made 3,156 trades with a 100% win rate and earned $5.5 million in profits last week alone.

Institutional Appetite

On the institutional side of things, US-based spot ETH ETFs recorded another week of positive inflows, as nearly $690 million entered across five trading days. Monday saw the strongest inflow at almost $270 million.

On Tuesday, these investment products attracted $162 million, while Wednesday brought another $104.6 million, followed by $66 million on Thursday. Flows picked up slightly on Friday, with almost $87 million recorded.

The post Ethereum Just Defied the September Curse But a Major Resistance Wall Still Stands appeared first on CryptoPotato.

THORChain is facing a fresh dispute over its handling of stolen funds after Bitget and security researchers publicly asked the network to block addresses linked to the September 24 exploit.

The argument has widened into a fight over whether a permissionless protocol can refuse known stolen assets without compromising the censorship resistance it claims to provide.

Bitget Asks THORChain to Block Attacker Addresses

Bitget confirmed on September 25 that $387.5 million went to attacker addresses, up from the initial $351.6 million after Zcash and Tron assets were added. The exchange disclosed the breach on September 24 and blamed a backend system in its wallet setup, not a stolen private key.

CEO Gracy Chen formally asked THORChain on September 26 to refuse service to those addresses. “Decentralization is a design principle, not a shield for facilitating known stolen funds,” she said, adding that “the industry is watching.”

The request followed reports that funds from the Bitget exploit were being sent through the protocol for cross-chain swaps. MistTrack wrote that nearly $1.2 billion from the 2025 Bybit hack had previously been traced through the network and argued that the industry should question what responsibility a protocol has when it knowingly processes funds tied to a major hack.

THORChain responded, saying that it is decentralized and permissionless like Bitcoin, Ethereum and BNB Chain, and asked what responsibility those networks would bear in the same situation. Bitget’s public tracker lists 2,377 attacker addresses holding the $378 million, and 1,497 of them are marked as having moved funds through THORChain.

The protocol’s response drew criticism from security researcher Taylor Monahan, who, in a debate with crypto enthusiast Joel Valenzuela, pushed back on the view that screening transactions is different from halting a network.

Valenzuela had written that halts and rollbacks have happened on most networks, including Bitcoin, but screening is another matter: “That’s actually censorship,” he said.

The researcher countered that the team has secretly reallocated assets before, then claimed it has failed to decentralize in seven years, had been hacked seven times, and was, according to her, built by North Korean IT workers.

Ethereum advocate Marius Kjærstad tagged the Grok chatbot to ask whether Monahan’s claims held up. It called them partly accurate, citing at least three exploits in 2021 worth roughly 416 million and a paused lending product with about $200 million in liabilities, but found no evidence for the North Korea claims or for rug pulls for operator profit.

Critics Point to the Network’s Own Halt in May

In May, THORChain validators reportedly halted the network within hours of a $10.7 million exploit in May, and trading and withdrawals stayed unavailable for roughly five weeks, until June 22. X account Satoshi Club wondered why a network that can pause for its own losses is now asking what responsibility it bears for another platform’s stolen funds.

Bitget has offered 5% bounties on frozen and recovered funds, and Chen thanked Circle and Tether for moving quickly to freeze about $318,000 linked to the hack. The exchange has also informed users that withdrawals, which had been stopped after the attack, would restart in phases, with BTC first on September 28 at 08:00 UTC.

The post THORChain Faces Backlash Over Stolen Bitget Funds Routed Through Swaps appeared first on CryptoPotato.