Crypto News

Tether Capital joined Tenstorrent’s $1.5 billion Series E funding round, valuing the AI chipmaker at $6.2 billion. The investment amount and Tether’s ownership stake were not disclosed. Tenstorrent, led by chip architect Jim Keller, develops AI processors, CPUs, server systems and software as alternatives to proprietary hardware and cloud services. Its technology is used by companies including Samsung and LG, with applications in large language models and video generation. Tenstorrent plans to expand production and deployment of its Galaxy servers, advance AI chip and CPU research, and grow its global business. Its systems are designed to let customers run AI models locally or within their own facilities. Tether said the investment supports AI systems that users can build, run and control. The move adds to Tether’s broader AI push, which includes investment in AIsa, a platform for AI-agent payments, and an offline speech-recognition model. The funding expands Tether’s investment exposure beyond digital assets, but the announcement does not indicate a direct change to its stablecoin operations, reserves or USDT issuance. It is not, by itself, a clear trading catalyst for USDT.

Blockworks has urged the US Securities and Exchange Commission (SEC) to strengthen its proposed Regulation Crypto Assets with more detailed token disclosures and a new category of “Qualified Onchain Disclosure Agent.” In a comment letter submitted around the October 20 deadline, the firm proposed that approved third parties help prepare and publish searchable, versioned filings. It also wants the SEC to allow third parties to compile disclosures for tokens without current filings and preserve records for projects that stop reporting. Blockworks’ proposed onchain disclosures include token loans, liquidity arrangements, market-maker and exchange agreements, and tokens or other payments given to advisers, influencers and promoters. It also seeks disclosure of key wallet and smart-contract addresses, plus clearer explanations of token-supply calculations. The recommendations draw on its open-source Token Transparency Framework, which covers allocations, governance and risk assessments. The SEC’s August proposal sets broad disclosure topics but does not specify these detailed requirements. It includes a startup exemption allowing up to $5 million in fundraising over four years and a separate exemption allowing up to $75 million over 12 months. The SEC has not decided whether to adopt Blockworks’ recommendations. If adopted, the proposed onchain disclosures could improve transparency and ease compliance for smaller projects, while potentially giving projects already using the framework a head start. For traders, the rules could affect perceptions of token supply, liquidity and project risk, but do not directly signal a price move for any specific cryptocurrency.

OKX Shield launched in the European Economic Area on September 22, 2026, and expanded to eligible U.S. customers on October 20. The program offers discretionary reimbursement for eligible losses from unauthorized account takeovers, with potential limits of $100,000 for regular users, $250,000 for VIP 1–3 customers and $500,000 for VIP 4–6 customers. OKX Shield requires specified security measures, including passkeys, multi-factor authentication and withdrawal protections. Claims must be filed within 72 hours of an unauthorized transfer, are reviewed individually, and are limited to one approved claim per person across OKX entities. Approved payments are made in stablecoins. The program excludes user-authorized transactions, trading losses and API-key-related incidents, and is not insurance; reimbursement is not guaranteed.

1inch is winding down its prepaid 1inch Card for users in the European Economic Area and the UK, with new registrations closed. Existing cardholders are advised to spend or withdraw their balances by Dec. 18, 2026. The shutdown was confirmed on Oct. 20. The card launched in April 2024 and let users convert crypto, including 1INCH, USDT, BTC, LTC, XRP and BXX, into spendable balances. Funds are held by licensed e-money institution Monavate, which issued the Mastercard; Crypto Life and Baanx are also involved in servicing the accounts. Card providers will determine when card functions end. Under the issuer’s terms, users can request redemption of remaining funds for up to six years after account closure. The 1inch Card closure ends the project’s consumer card service, but does not affect its decentralised exchange aggregation business. The move has limited direct implications for crypto prices. Affected users should check their balances and withdrawal options ahead of the deadline.

OpenZeppelin is integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Automated Compliance Engine (ACE) into its developer tools, expanding support for cross-chain tokenization and on-chain compliance. Chainlink CCIP and ACE are available through OpenZeppelin Wizards, AI tools, Skills and documentation; support for its UI Builder is planned for a future release. Eligible OpenZeppelin Defender workflows can also migrate to Chainlink Runtime Environment (CRE). The integration supports ERC-20 and ERC-3643 tokens, with configurable controls such as sanctions screening, KYC checks, transaction-volume limits and Secure Mint. Compliance rules can be updated without redeploying a token’s core contract. The companies plan to release three institutional reference solutions in the coming months, aimed at connecting financial applications across public, private and enterprise blockchains. OpenZeppelin says its standards have supported more than $38 trillion in value transferred, while Chainlink reports over $36 trillion in transaction value enabled by its infrastructure. Separately, S&P Global agreed to acquire OpenZeppelin in September. The integration may lower development barriers for institutional tokenized finance, but the announcement does not establish a direct price catalyst for LINK.

Ethereum’s recovery has weakened since an earlier rebound towards $2,550. In the latest update, ETH bounced from about $2,380 to $2,460 but has not confirmed a trend reversal. The price is testing the $2,360–$2,440 demand zone and the lower edge of a broader ascending channel. Earlier analysis noted that ETH remained above its 100-day and 200-day moving averages, near $2,240 and $2,140, respectively, but resistance at $2,660–$2,740 remains a significant hurdle. On the four-hour chart, ETH is forming a narrowing descending pattern. A confirmed move above $2,420–$2,440 could put resistance at $2,480–$2,500 and then $2,560–$2,580 in focus. A break below the recent $2,320–$2,340 lows could expose the $2,200–$2,280 area, followed by support near $2,150 and $2,070. Earlier levels around $2,490–$2,500 and $2,600 were also identified as potential hurdles during the recovery. Large spot orders have reappeared near $2,400, unlike the earlier period when there was little evidence of whale-sized activity. The data do not reveal whether these trades are buys or sells, so they do not confirm accumulation or distribution. Traders are watching whether Ethereum can hold support and reclaim resistance; until then, the rebound remains unconfirmed.

XRP whale outflows from Binance have fallen to a five-year low, pointing to slower accumulation by large holders. Analyst Darkfost said the 90-day average was about $49.7 million on October 20, 2026, far below its February 2025 peak of roughly $3.5 billion and last comparable to levels seen in October 2021. XRP whale outflows therefore show reduced withdrawal activity, but do not confirm that whales have stopped buying or predict a price move: transfers can reflect custody changes or internal wallet movements, and do not identify the ultimate holders. Whales made up about 82% of centralised exchange outflows at one point in late September, before their share declined. Binance and Upbit reserves also fell by around 104.7 million XRP in the weeks before October 20. Darkfost said XRP’s relative resilience during the downturn may be leading potential buyers to wait for lower prices, and warned that long-term buying support could weaken if whale participation does not return. The later report listed XRP at about $1.30, with a market capitalisation near $82 billion and daily volume around $1.28 billion. It reported a 24-hour range of $1.29–$1.32 and a seven-day range of $1.26–$1.38, describing price action as weak. Overall, the five-year low in XRP whale outflows is a sign of reduced large-holder activity, not a standalone measure of spot demand or a reliable price forecast. The article’s UE Crypto cloud-mining promotion is unrelated to XRP market data, and its claims should be assessed independently.

Circle has launched Arc, a blockchain designed to provide financial infrastructure for institutions and an economy increasingly involving AI agents. CEO Jeremy Allaire said Arc aims to support payments, financial contracts and other activity, with strict validator standards and geographically diverse operators. Circle’s USDC liquidity, banking connections and Cross-Chain Transfer Protocol (CCTP) could give Arc an advantage. Allaire said Circle handles about $150 billion in stablecoin mints and redemptions each quarter. Circle also plans to extend CCTP beyond USDC, potentially allowing other Arc-issued assets—including tokenised shares and credit products—to transfer across chains. Allaire and a16z crypto’s Chris Dixon said open blockchain infrastructure could help AI agents transact, access financial services and support new credit markets. Dixon argued that blockchain networks may counter AI’s tendency towards centralisation. These use cases remain early and uncertain; the launch and plans do not establish a near-term trading catalyst for USDC or the wider market.

Strive expanded its planned SATS preferred stock offering from 5 million shares, targeting about $500 million, to 7 million shares at $90 each, or roughly $630 million. The company later completed the IPO, and SATS began trading on Nasdaq. Strive plans to use the proceeds to buy Bitcoin and income-generating assets. The shares carry a fixed 15% annual dividend, paid daily, with the first payment scheduled for November 9. The Bitcoin purchases could add institutional demand and, if the proceeds are fully invested, help Strive become the second-largest publicly listed Bitcoin treasury company behind Strategy. The preferred-share financing is not expected to dilute common shareholders, but its high dividend rate creates a significant funding cost.

AnchorWatch has launched a Nevada-chartered Bitcoin custody service for fiduciaries, public companies, trusts and high-net-worth individuals. The Bitcoin custody offering has two key-control models: AnchorWatch manages custody keys, with clients able to retain additional signing authority, or key control is distributed among AnchorWatch, BitGo and CoinCorner. Fees are fixed in dollars and capped at $10,000 per month, which could limit costs for large clients as their holdings or Bitcoin’s price increase. Eligible clients can separately apply for insurance backed by Lloyd’s of London syndicates, with coverage potentially reaching $370 million per client. Coverage is subject to underwriting and policy terms and is not automatically included. The launch adds an institutional Bitcoin custody option, but clients must weigh the key arrangements, insurance exclusions and any uninsured risks.

The Drift Protocol hacker transferred 25,710 ETH, worth about $61.5 million, through Tornado Cash on 20 October. The funds were sent in batches over roughly two hours from an address identified by Drift, leaving that address with about 4 ETH. This is the attacker’s second major Tornado Cash transfer wave since July; in July, about 24,400 ETH was reportedly moved through the mixer. Drift said the April attack used durable nonces to obtain multisig approvals and take administrative control, rather than exploiting a smart-contract vulnerability. Drift reported losses of about $296 million, while Mandiant attributed the attack to North Korean group UNC6862. Earlier estimates put the stolen assets at about $285 million and said they were converted into 131,564 ETH at an average price of $2,154, though blockchain analyses differ on the attacker’s total ETH holdings. The attacker is still reported to control about 81,454 ETH across 71 addresses, worth roughly $195 million at the cited price. The Tornado Cash transfers indicate continued laundering activity, but do not confirm that the ETH has been sold. The remaining balance could create potential selling pressure if liquidated, keeping traders alert to further on-chain movements.

Walt, formerly Wallet in Telegram, is adding AI agents to its perpetual futures trading service. Users can connect Mira, ChatGPT or Claude to review live prices, market news, open positions and liquidation risk, then open or close long and short trades and set take-profit and stop-loss orders. Agents use a dedicated account funded by the user; transfers and withdrawals are restricted, and order execution is off by default. Users set trading instructions and limits, monitor activity and can disconnect an agent at any time. Walt offers more than 50 perpetual futures markets, with 24/7 trading, USDT settlement and leverage of up to 50x. The service launched perpetual futures through decentralized exchange Lighter in April. The latest rollout adds AI-driven execution to Walt’s broader expansion beyond wallet services, including a TON-linked agent, Mira. Walt has not disclosed the agent feature’s fees, availability, leverage limits or execution venue details. For traders, AI agents could make automated crypto trading more accessible, but they may misread instructions or handle sudden volatility poorly. Default-off execution and user-defined limits provide safeguards, yet high leverage can magnify losses and trigger rapid liquidation. The launch is a product development rather than a direct catalyst for the price of TON or another token.

XRP has launched its first official X account, more than 14 years after the XRP Ledger began operating. Ripple and the XRP Ledger Foundation jointly manage @XRP, which debuted on 19 October with a welcome post and video. The account reportedly gained about 33,000 followers in its first two hours and more than 47,000 within hours, giving XRP a dedicated channel separate from Ripple’s corporate communications. The launch does not change XRP Ledger governance, token distribution or circulating supply. Protocol amendments remain subject to the network’s validator-based process, and the account’s managers cannot change transaction rules through social media. The account may provide an official source for ecosystem news and help users spot impersonation scams, but no network upgrade or direct price catalyst was announced. The launch comes ahead of Ripple Swell 2026 in New York on 27–29 October. Other recent developments include Cross River Bank adding support for Ripple’s RLUSD stablecoin and Ripple-backed Evernorth listing on Nasdaq as XRPN. Evernorth holds about 473 million XRP and plans to deploy capital from its holdings in the fourth quarter of 2026. These developments may support visibility and interest in the XRP ecosystem, but the X account launch itself does not signal a change in XRP’s fundamentals.

Sophon plans to shut down its mainnet on November 30, 2026, and requires users to withdraw assets by November 25. The deadline covers SOPH, ETH and USDC held on Sophon, as well as unclaimed staking and Guardian rewards and assets in Sophon Farm. The project warns that assets left behind may become permanently inaccessible as websites and infrastructure are phased out. Users should check each balance separately and use only Sophon’s official claims portal and designated farm interface. SOPH on Ethereum is separate from SOPH on the retiring Sophon network. Binance stopped Sophon mainnet transfers on August 4, while Upbit plans to end SOPH trading on November 16; neither exchange schedule replaces Sophon’s withdrawal deadline. The Sophon mainnet shutdown follows the project’s move away from operating its own chain to building applications on Base. Sophon says future app revenue could fund SOPH buybacks and burns, but it has published no audited revenue results or guaranteed buyback amount. The shutdown is scheduled, while the success of the new business model and its effect on SOPH demand remain uncertain.

Binance Alpha will list Axis Robotics (AXIS) on Oct. 21, according to an official announcement cited by PANews. After trading opens, eligible users can use Binance Alpha Points to claim an airdrop through the Alpha Events page. The announcement provides no details on the allocation or other distribution terms. The listing may bring AXIS more visibility and short-term trading activity, but it does not by itself signal a change in the token’s fundamentals or broader market direction.

Cardano Project Catalyst selected 12 teams from 117 applications for its 2026 pilot cohort, distributing about 2 million ADA in grants. Projects span stablecoin payments, DeFi lending, programmable tokens, identity and supply-chain applications. The Cardano grants model ties funding to adoption: teams receive 40% after onboarding, another 40% after meeting adoption targets, and the final 20% for sustained network activity. Qualifying fees generated by external users will help measure adoption. Teams have up to three months to launch on Cardano mainnet, and three top performers may receive bonuses of up to 50% of their grants. The selection involved 52 community curators and 35 active reviewers, while ADA holders did not vote on the winners. Funded from previously allocated funds, the pilot will test whether linking Cardano grants to measurable real-world and on-chain use can produce stronger outcomes; its effect on ADA will depend on whether the projects attract lasting activity.

MSCI approved new rules on 15 October that could remove certain non-operating companies from its indexes, and Strategy (MSTR) appeared on a preliminary list. MSCI is due to announce its final decision on 11 November; any changes would take effect after the market closes on 30 November. Index-tracking funds are estimated to hold about 13 million MSTR shares, worth nearly $1.8 billion at the 16 October closing price. That is around 60% of MSTR’s average daily trading volume over the previous 30 days, raising the risk of substantial selling if the stock is excluded. The decision remains pending, so the potential outflows are not certain. The index risk adds to questions about MSTR’s valuation and its strategy of using capital markets to increase Bitcoin holdings per share. Issuing shares at a premium to the value of its Bitcoin holdings can fund purchases, but the approach relies on that premium persisting and does not guarantee MSTR will outperform BTC. Under Strategy’s revised calculation, MSTR’s mNAV was 1.08 on 16 October, down from about 1.20 in early October and near its August low of 1.01. Traders will be watching MSCI’s decision and whether MSTR can maintain its valuation premium; direct BTC exposure through Bitcoin or a spot ETF remains an alternative.

A World Gold Council (WGC) and Boston Consulting Group report estimates the digital gold market at $45 billion to $55 billion today, with a base-case projection of $160 billion to $170 billion by 2031 and an optimistic scenario of $270 billion to $280 billion. Its separate estimate of up to $700 billion in latent demand is potential demand if adoption barriers are addressed, not a market-size forecast. The report estimates about $95 billion of base-case growth could come from genuinely new gold demand. Tokenized gold is worth about $6 billion, after growing fivefold since late 2024. Tether Gold (XAUT) and Paxos Gold (PAXG) recorded more than $90 billion in combined spot trading volume in the first quarter of 2026, exceeding the full-year 2025 total. That is cumulative trading activity, not new investment or the value of tokens outstanding. A survey of more than 12,000 retail investors found nearly nine in ten would consider digital gold under suitable conditions. Trust, access, product utility and cost remain key hurdles. Investors seek transparent proof of physical backing, clear regulation, consumer protections and redemption options. Familiar financial apps can also broaden access: ownership was up to seven times higher in markets where digital gold was available through such apps. XAUT and PAXG can be used as collateral on Aave, while Paxos has introduced the yield-linked PAXGy product. The outlook points to potential long-term growth in tokenized gold and DeFi collateral use, but custody, security and liquidity risks remain relevant for traders.

Upbit, South Korea’s largest cryptocurrency exchange, has added a Korean won (KRW) trading pair for Metaplex (MPLX), giving traders direct access to the token in the local currency. A BlockBeats flash report, citing HTX market data, said MPLX briefly gained more than 110% to about $0.11 after news of the listing. The Upbit listing may boost access and short-term trading activity, but the reported spike does not establish a lasting trend. Traders should watch liquidity and price volatility as the market responds to the new MPLX/KRW market.

Crypto-linked stocks showed weakness in two October trading updates. On 14 October, Strategy (MSTR) fell 0.56%, Coinbase (COIN) lost 0.84% and Circle (CRCL) dropped 1.32%; BitMine Immersion (BMNR) declined 2.21%, while SharpLink Gaming (SBET) fell 1.90%. In the later update, crypto-linked stocks were lower in US premarket trading on 20 October: MSTR fell 2%, the biggest decline listed, followed by BMNR at 1.67%, ASST at 1.37%, COIN at 1.31%, CRCL at 1.07% and SBET at 0.8%. The reports indicate weakness across crypto-related equities at both points, but cite no specific catalyst and provide no evidence of a broader digital-asset market move.

Binance announced two updates to leverage and margin tiers for USDT-margined perpetual futures. The earlier update covered 14 contracts, including BLURUSDT, VELOUSDT, MOVRUSDT, COOKIEUSDT, CVCUSDT, BICOUSDT, ARKUSDT, RAREUSDT, STXUSDT, JASMYUSDT, WIFUSDT, LSKUSDT, PTBUSDT and LYNUSDT, and was scheduled for 16 October 2026 at 14:30 (UTC+8). Binance expected that change to take up to an hour to complete. A later announcement set a new update for 15 contracts by 30 October 2026 at 14:30 (UTC+8): APRUSDT, AIOUSDT, TRIAUSDT, WETUSDT, STBLUSDT, IDOLUSDT, GOATUSDT, QUSDT, B2USDT, AIAUSDT, CYSUSDT, DOSUSDT, TURTLEUSDT, AVAAIUSDT and TRADOORUSDT. The later notice says existing open positions will also be affected, but does not give the revised tiers. Traders should check Binance’s leverage and margin requirements and review collateral and position sizes, since tier changes can affect liquidation risk.

21Shares launched two physically backed crypto ETPs in Europe on October 20, giving investors access to Lighter (LIT) and Venice Token (VVV) through standard brokerage accounts. The Lighter ETP trades on Deutsche Börse Xetra as LIHT, with a US dollar trading line under LIHU; the Venice Token ETP trades on SIX Swiss Exchange as VENC. Both products charge a 2.50% annual fee and hold the underlying tokens with custodians, so investors do not manage private keys or directly control the assets. The Lighter ETP tracks a token linked to a decentralised perpetuals exchange that uses zero-knowledge technology in parts of its trading processes. Venice provides privacy-focused AI services. VVV’s annual issuance fell from 14 million tokens at launch in January 2025 to 2 million from October 1, 2026. The issuer says buybacks and burns remain below issuance, and VVV carries no equity or governance rights. The listings may broaden European access to both tokens, but investors remain exposed to token volatility and product fees. The securities are not publicly offered in the United States.

Lido engineering lead Dima Gusakov has warned that the Ethereum Glamsterdam upgrade could create a temporary deposit front-running risk during the hard-fork transition. Builder deposits using 0xB0 withdrawal credentials may share a queue with validator deposits, potentially allowing a malicious node operator to divert a staker’s ETH and prevent the intended validator from activating. A proposed protocol-level safeguard, consensus-specs issue #5735, was closed as “not planned,” leaving staking providers to check and protect their own deposit flows. Lido says it has a Deposit Security Module and guardian committee, but providers will need to ensure their protections cover the new credentials and queue behavior. The risk is described as limited to the transition period, not an active exploit or permanent flaw. Glamsterdam is scheduled to reach the Hoodi testnet on October 26, 2026, with Ethereum mainnet activation targeted for Q4 and no firm date announced. Traders will be watching testnet results and provider security updates; the warning could affect confidence in less-protected staking services, but no broad ETH market disruption is currently indicated.

Tiger Research estimates South Korea’s tokenized asset market could reach KRW315 trillion and its stablecoin market KRW45 trillion by 2030, for a combined KRW360 trillion (about $253 billion). The forecast applies South Korea’s 1.58% share of global GDP to international market projections. As growth in crypto trading accounts slows, the report says reliance on exchange transaction fees may offer limited room for expansion, while real-world asset (RWA) tokenization and regulated stablecoins could create new growth opportunities. South Korea had 11.18 million crypto trading accounts in the first half of 2026; even an optimistic scenario puts the figure at about 13.2 million by 2030. Revised versions of the Electronic Securities Act and Capital Markets Act are expected to take effect in 2027. In preparation, financial institutions have invested an estimated KRW2.35 trillion in tokenization infrastructure and related businesses. Shinhan, KB, Hana and Mirae Asset have also partnered with projects and firms including Solana, Visa, Securitize, Canton Network, Sui, Aptos, Polygon and Avalanche. The market-size figures are projections, and their realization will depend on regulation, implementation and demand for tokenized financial products.

Strive CEO Matt Cole says Bitcoin could outperform gold over the long term as rising debt and money-supply growth put pressure on the US dollar. He describes Bitcoin as “digital gold” and argues it remains early in its development. Cole previously compared gold’s annualised returns with US M2 growth across several periods: 9.0% versus 6.7% since 1970, 9.5% versus 6.3% since the global financial crisis, and 18.3% versus 6.5% since the Covid-19 pandemic. More recent figures cited in the later report show annualised returns since 2020 of 43.13% for Bitcoin and 18.3% for gold, against 6.5% growth in M2. Strive has also recently bought Bitcoin and reported holdings of 35,595 BTC, valued at about $2.9 billion at the price cited. Cole says the company must maintain substantial Bitcoin exposure while keeping enough liquidity to manage financial risks. His comments are a long-term investment view, not a guarantee of performance; Bitcoin remains below its all-time high, with traders also watching interest rates, inflation and scrutiny of corporate Bitcoin treasury firms.

US storage stocks fell broadly on 12 October, with SanDisk down 6.74%, Micron’s ADR off 6.08%, Micron Technology shares down 4.31%, SK Hynix losing 4.09%, Seagate falling 2.85% and Western Digital slipping 2.15%. The Philadelphia Semiconductor Index also declined 2.07%, and no specific catalyst was reported. By 20 October, storage stocks were again lower in premarket trading, according to MSX.COM data: SK Hynix led with a 3.88% drop, followed by SanDisk at 2.42%, Micron Technology at 2.30%, Western Digital at 2.12% and Seagate Technology at 1.64%. The latest figures show continued pressure on memory and data-storage shares, although the declines were smaller for several companies than on 12 October. Neither report identified a cause. The weakness may reflect broader tech-sector risk sentiment, but the reports provide no direct signal for cryptocurrency prices.

Sophon plans to permanently shut down its Ethereum Layer 2 mainnet on Nov. 30, after raising more than $70 million. Users should withdraw SOPH, ETH, USDC and other assets by Nov. 25, and follow official guidance to claim eligible staking or Guardian rewards and handle farm assets. Assets left on Sophon Chain after its infrastructure and websites close may become inaccessible. New deposits have been disabled since June 25, 2026. Sophon said in June it would shift from running its own chain to building consumer finance and AI applications on Base. It cited about $3.4 million in annual infrastructure and tooling costs, with the closure expected to save roughly $3 million a year. Activity has also collapsed: DeFiLlama data show total value locked at about $16,500, down from a peak of roughly $20.1 million in May 2025, while fees, revenue and active addresses were at zero. The Sophon shutdown follows Abstract’s planned Dec. 15 closure and adds to pressure on Layer 2 and appchain projects to prove sustainable revenue. The immediate risk is concentrated in SOPH, where the closure could weigh on demand and liquidity and prompt selling; broader market effects are likely limited. Traders should check exchange support and complete withdrawals before the deadline.

Sui plans to integrate its network with Samsung Wallet, enabling users to transfer USDC without network fees. The feature is expected to launch in the US during the final week of October 2026 and could reach about 82 million Galaxy devices. The Sui and Samsung Wallet integration may make stablecoin payments more accessible, but no user adoption figures or plans for availability outside the US have been confirmed.

PaperTrade says its PAPER token will remain non-transferable indefinitely, with no timetable for wallet transfers or secondary-market trading. The platform says the restriction is meant to prevent attackers from shorting PAPER, manipulating its price and draining the protocol’s liquidity pool. PAPER currently has no open spot market, although Hyperliquid settled related open perpetual positions at $0.026296 after Paragon and Aster halted pre-market PAPER contracts. The announcement coincided with a sharp pullback: PaperTrade’s BTC open interest fell 41% to $230 million, ETH open interest dropped 55% to $66.3 million, and about 7% of funds flowed out, leaving $58.3 million in total value locked. The declines raise questions about whether some users were trading mainly to earn PAPER rewards. Of 23,675 accounts, about 3,500 were profitable; Lookonchain reported that 21 of the 25 biggest loss-making traders remained in the red even after staking rewards. PaperTrade launched synthetic BTC and ETH perpetuals with up to 1,000x leverage and has reported more than $1 trillion in notional volume. That figure reflects leveraged position size, not user deposits. Traders earn PAPER when they realize losses or are liquidated. The initial issuance rate was 100 PAPER per $1 lost and is scheduled to decline as the liquidity pool grows beyond $2 million. Stakers can receive USDC distributions from protocol fees and surplus gains above a $5 million soft cap; reported staking participation has been 94%–98%. PaperTrade plans to adjust issuance to reduce early users’ advantage, but PAPER has no supply cap. Any future transfer opening could therefore bring selling pressure, while disabled transfers leave holders without a secondary-market exit. The token’s value proposition also depends on protocol activity and trader losses, which may weaken if trading declines. For traders, the latest outflows and falling open interest signal that PaperTrade needs to attract sustainable trading demand beyond token incentives.