$INJ Price Prediction: Bitnxt Research on Whether Injective Can Break $9.30
Injective was one of the standout movers this week. On September 24, INJ rose about 9.6% to $8.51 in a day, while the broader market was nearly flat. At Bitnxt, we looked at whether this is a real shift in trend or just a news-driven spike. The setup For most of this year, INJ moved sideways in a $3–$5 range. That changed in late August, when price broke above a descending trendline that had capped it since early June. Before the breakout, it built a base between roughly $4.71 and $5.48. Even after this rally, INJ is still far below its all-time high of $52.94. Five catalysts we're tracking 1. Meridian upgrade: Adds regulated token implementations, unified RWA perpetual markets, and early private RFQ testing. It passed with about 99% staker approval. 2. Stockdrop: Holders who commit INJ to the Community BuyBack burn those tokens and receive a pro-rata share of ecosystem revenue, plus tokenized stocks such as NVIDIA and AMC. 3. Solana access: INJ is now a native SPL token on Solana through Backpack Wallet, with no bridge needed. 4. U.S. regulated access: The first U.S.-regulated INJ futures launched on Bitnomial in April 2026. INJ ETF filings from 21Shares, Canary Capital, and REX-Osprey are pending. 5. Revenue that supports the token: Injective ranks #10 among all Layer 1s by trailing-12-month revenue, and its buyback has burned more than 7.1M INJ since 2021. Levels on our radar The first support to watch is $7.45 (Fibonacci). If that holds, the next target is $9.30. A break below it could bring a pullback toward $6.91. Bitnxt outlook for Q4 2026 Bull case: A daily close above $9.30, supported by ETF or RWA news, could open a path to $10–$12. Base case: Consolidation between $7.45 and $9.30 while the upgrade news settles. Bear case: Losing $6.91 would bring the breakout base near $5.50 back into focus. Bitnxt take Injective's fundamentals are stronger than its price suggests. The main drivers are its RWA infrastructure, the deflationary buyback, and a growing path to regulated U.S. access. The risk is that INJ has rallied on news before and then faded. The level we're watching is whether $7.45 holds once the upgrade hype cools. Where do you see INJ by year-end? Drop your target below 👇 Follow Bitnxt for more research on crypto projects, markets, and ecosystems. NOTE: This is for informational purposes only and is not financial advice. Always DYOR. #INJ #Injective #Bitnxt #RWA #CryptoResearch #Altcoins
PENGU Price Pulls Back 10% Following 38% Weekly Rally
Summary : PENGU fell nearly 10% in 24 hours to $0.0098 after touching an intraday high of $0.01111. Seven-day performance remains positive near 38.2%, with total market capitalization at $619 million. CoinGlass figures reveal futures open interest dropped 11.66% to approximately $154.03 million. Technical indicators display an RSI of 67.15 alongside a positive Aroon Oscillator reading of +57.14. Mint Incorporation Form 6-K filing confirms an AI companion licensing deal with Pudgy Penguins.
Why ZEC and NEAR Win Crypto Alternative Asset Bid in 2026
Summary : David Hoffman identifies Zcash and NEAR Protocol as primary winners of 2026 alternative capital allocation. Zcash market capitalization climbed to $26 billion as capital moved into fixed-supply privacy assets. NEAR Protocol gained over 60% in seven days to trade at $4.28 alongside Hyperliquid market expansion. Grayscale converted its Zcash Trust into the spot ZCSH ETF on NYSE Arca with $304 million initial AUM. 21Shares reports the privacy coin sector expanded nearly fivefold over the past year to reach $30 billion.
ARK Venture Fund Tokenization Brings OpenAI Exposure Onchain
Summary : ARK Invest launched tokenized share classes for the ARK Venture Fund (ARKVX) on Ethereum using Securitize infrastructure. ARKVX holds positions in high-profile private tech firms including OpenAI, Anthropic, Stripe, and Databricks. The U.S. SEC issued an amended order on September 21, 2026, permitting tokenized share issuance for ATS trading alongside exchange-listed classes. Investors acquire fund-level interests rather than direct equity ownership in underlying portfolio companies like OpenAI. Securitize handles onchain issuance under its ticker SECZ following ARK's October 2025 strategic equity investment and $10 million note.
Bitcoin Rally Leverage Rises as ETF Inflows Hit 85K Peak
Summary : US spot Bitcoin ETFs recorded $999 million in net inflows on September 21 and $714.7 million on September 22. Futures open interest increased approximately 7% over the past month with annualized funding rates holding near 8%. Bitfinex market data places the primary concentration of recent spot buying between $85,000 and $86,500. Corporate treasury adviser Wojciech Kaszycki identifies $90,000 as a heavy resistance zone where trapped holders may break even. Five-day ETF net inflows reached $2.65 billion through September 23 despite market pullbacks from $87,392 highs.
Fed Proposes GENIUS Act Stablecoin Reserve Rules for Banks
Summary : Fed-supervised issuers must maintain 100% reserve backing using short-term U.S. Treasury bills and eligible liquid assets. Insured state member banks must apply through Federal Reserve Banks to issue stablecoins via dedicated corporate subsidiaries. Federal Reserve receives 30 days to review application completeness and 120 days to issue a final regulatory decision. Public comment period spans 60 days following publication of the twin proposals in the Federal Register. Regulatory proposals follow an August pledge by a 21-bank consortium aiming for a 2027 U.S. dollar stablecoin rollout.
Strive Raises $86M via SATA for Bitcoin Treasury Buying
Summary : SATA preferred stock sales generated an estimated $85.88 million across three trading sessions from Sep. 21 to Sep. 23. Share proceeds correspond to potential buying power for 1,001.67 BTC based on prevailing spot market prices. Strive previously reported holding 26,355 BTC after purchasing 1,355 BTC for $107.7 million in mid-September. MicroStrategy acquired 950 BTC for $75.7 million while deploying $174 million to buy back STRC preferred stock. Strive holds 505,000 STRC preferred shares while offering a 13% annualized September dividend on SATA.
xStocks Adds Tokenized Shares Hardware Wallet Ledger Support
Summary : Cumulative transaction volume across the xStocks tokenized equity product line has surpassed $42 billion. Kraken users can approve transactions and move funds using Ledger devices via the Device Management Kit. Payward Services will handle direct crypto buying, selling, and fiat swaps inside the Ledger Wallet application. xStocks remain restricted from U.S. investors and do not grant corporate voting or dividend rights. Integration includes Clear Signing technology to display exact on-chain transaction details prior to user authorization.
Former Lawmaker Tim Ryan Boosts CLARITY Act Passage Outlook
Summary : Former Representative Tim Ryan projects potential CLARITY Act passage during the post-election lame-duck congressional session. Senate cloture vote failed 49-50 on Sep. 15, falling short of the 60-vote threshold needed to open floor debate. Seven Senate Democrats who voted against cloture confirmed ongoing bipartisan negotiations to resolve bill friction points. Legislative debate centers on four unresolved issues: ethics standards, consumer protections, anti-money laundering, and stablecoin yields. Interim SEC and CFTC administrative actions provide short-term relief but lack the statutory permanence required by institutional builders.
Cardano Fireblocks Token Support Sparks ADA Breakout Test
Summary : Fireblocks plans full institutional custody and transfer support for Cardano Native Tokens by March 2027. The integration standardizes CIP-26 registry and CIP-68 metadata tokens, eliminating legacy manual processes. ADA price climbed to $0.247 after hitting an intraday peak of $0.251 on September 24. Key technical resistance sits at $0.262, while initial downside support holds firm around $0.235 to $0.236. CoinGlass liquidation heatmaps show a heavy long-leverage liquidation band clustered at $0.252.
ARK Venture Fund Tokenization Brings OpenAI Exposure Onchain
Summary : ARK Invest launched tokenized share classes for the ARK Venture Fund (ARKVX) on Ethereum using Securitize infrastructure. ARKVX holds positions in high-profile private tech firms including OpenAI, Anthropic, Stripe, and Databricks. The U.S. SEC issued an amended order on September 21, 2026, permitting tokenized share issuance for ATS trading alongside exchange-listed classes. Investors acquire fund-level interests rather than direct equity ownership in underlying portfolio companies like OpenAI. Securitize handles onchain issuance under its ticker SECZ following ARK's October 2025 strategic equity investment and $10 million note.
New York Sues Polymarket Over Alleged Unlicensed Gambling
Summary : New York Attorney General Letitia James filed a Manhattan state court lawsuit against Polymarket on September 24. The petition alleges unlicensed sports wagering, targeting event contracts like a July Dodgers versus Mets game. State prosecutors cite age restrictions, arguing Polymarket permitted users aged 18 to 20 on a 21-plus sports betting market. Enforcement remedies demand an immediate operational halt, customer restitution, civil fines, and asset forfeiture. The lawsuit escalates a federal-state jurisdictional battle over CFTC oversight versus state gaming enforcement.
Bitcoin Rally Leverage Rises as ETF Inflows Hit 85K Peak
Summary : US spot Bitcoin ETFs recorded $999 million in net inflows on September 21 and $714.7 million on September 22. Futures open interest increased approximately 7% over the past month with annualized funding rates holding near 8%. Bitfinex market data places the primary concentration of recent spot buying between $85,000 and $86,500. Corporate treasury adviser Wojciech Kaszycki identifies $90,000 as a heavy resistance zone where trapped holders may break even. Five-day ETF net inflows reached $2.65 billion through September 23 despite market pullbacks from $87,392 highs.
Fed Proposes GENIUS Act Stablecoin Reserve Rules for Banks
Summary : Fed-supervised issuers must maintain 100% reserve backing using short-term U.S. Treasury bills and eligible liquid assets. Insured state member banks must apply through Federal Reserve Banks to issue stablecoins via dedicated corporate subsidiaries. Federal Reserve receives 30 days to review application completeness and 120 days to issue a final regulatory decision. Public comment period spans 60 days following publication of the twin proposals in the Federal Register. Regulatory proposals follow an August pledge by a 21-bank consortium aiming for a 2027 U.S. dollar stablecoin rollout.
Strive Raises $86M via SATA for Bitcoin Treasury Buying
Summary : SATA preferred stock sales generated an estimated $85.88 million across three trading sessions from Sep. 21 to Sep. 23. Share proceeds correspond to potential buying power for 1,001.67 BTC based on prevailing spot market prices. Strive previously reported holding 26,355 BTC after purchasing 1,355 BTC for $107.7 million in mid-September. MicroStrategy acquired 950 BTC for $75.7 million while deploying $174 million to buy back STRC preferred stock. Strive holds 505,000 STRC preferred shares while offering a 13% annualized September dividend on SATA.
xStocks Adds Tokenized Shares Hardware Wallet Ledger Support
Summary : Cumulative transaction volume across the xStocks tokenized equity product line has surpassed $42 billion. Kraken users can approve transactions and move funds using Ledger devices via the Device Management Kit. Payward Services will handle direct crypto buying, selling, and fiat swaps inside the Ledger Wallet application. xStocks remain restricted from U.S. investors and do not grant corporate voting or dividend rights. Integration includes Clear Signing technology to display exact on-chain transaction details prior to user authorization.
Cardano Fireblocks Token Support Sparks ADA Breakout Test
Summary : Fireblocks plans full institutional custody and transfer support for Cardano Native Tokens by March 2027. The integration standardizes CIP-26 registry and CIP-68 metadata tokens, eliminating legacy manual processes. ADA price climbed to $0.247 after hitting an intraday peak of $0.251 on September 24. Key technical resistance sits at $0.262, while initial downside support holds firm around $0.235 to $0.236. CoinGlass liquidation heatmaps show a heavy long-leverage liquidation band clustered at $0.252.
Former Lawmaker Tim Ryan Boosts CLARITY Act Passage Outlook
Summary : Former Representative Tim Ryan projects potential CLARITY Act passage during the post-election lame-duck congressional session. Senate cloture vote failed 49-50 on Sep. 15, falling short of the 60-vote threshold needed to open floor debate. Seven Senate Democrats who voted against cloture confirmed ongoing bipartisan negotiations to resolve bill friction points. Legislative debate centers on four unresolved issues: ethics standards, consumer protections, anti-money laundering, and stablecoin yields. Interim SEC and CFTC administrative actions provide short-term relief but lack the statutory permanence required by institutional builders.
Coinbase Sees $18.1B BTC and ETH Options Expire Friday
Summary : Coinbase Markets reported about $18.1 billion in BTC and ETH options due to expire Friday, Sept. 25. Its BTC open-interest put/call ratio was 0.66, with a 24-hour trading ratio of 0.37. ETH's open-interest ratio was 0.61, while its recent volume ratio was 0.55. Deribit's quarterly options are scheduled to settle at 08:00 UTC. Notional open interest does not equal premiums paid or cash that must trade at expiry.
CFTC Warns Prediction Markets Over Mention Contract Risks
Summary : CFTC staff warned federally regulated markets about manipulation risks in mention contracts. The products can settle on a named person's words, attendance or conduct. The advisory interprets existing obligations and creates no new rule or blanket ban. Recent enforcement against traders with inside access and control of outcomes shows the practical concern. Exchanges may need stronger contract-specific safeguards before listing these markets.