LAUGHBNB

Remember the ‘Uptober’ narrative? October, the month that kicks off Q4, is promised to be a bullish one. There were high hopes for the 2025 edition as well.
And it all started on the right foot as BTC exploded out of the gate and peaked above $126,000 to chart a new all-time high. Thus, it had added over $16,000 of value in the span of just 10 days. However, things reversed just as quickly, and it lost even more ground against the greenback in the following 10 days. Here are some of the possible reasons behind this massive crash.
Trump-Led Uncertainty
The most significant price collapse, which occurred at the end of the previous business week, was largely attributed to global political uncertainty prompted by US President Donald Trump. The POTUS threatened China with a new wave of tariffs after accusing its authorities of a lack of transparency in certain areas.
Although such threats have taken place occasionally ever since he took office, BTC reacted with an immediate correction from over $122,000 to under $117,000. The situation worsened in the following hours, especially since futures positions started to get wrecked in an overly leveraged market.
The results were violent to say the least as bitcoin slumped to $110,000 on some exchanges, and all the way down to $101,000 on others. What’s particularly interesting here is that the entire calamity might have been one big misunderstanding between the two superpowers. Reports started to emerge that it was exaggerated, and the tension eased in the following days. With it, BTC’s price recovered to $116,000.
The focus then turned to another flammable geopolitical scene – the Ukraine/Russia war. On Thursday, Trump met with Russia’s Putin, and BTC started to lose traction as the meeting was taking place. On Friday, the POTUS was visited by Ukraine’s Volodymyr Zelenskyy. Reports indicated that the Ukrainian leader might not receive the requested Tomahawk cruise missiles.
It’s also worth mentioning the US government shutdown, which has continued for over two weeks now.
US Banking Crisis?
The US banking system saw shades of the 2023 failure of Silicon Valley Bank when two regional organizations – Zions Bancorp and Western Alliance – published some controversial data that stirred fear into investors. The former disclosed a $50 million charge-off tied to two commercial loans in California, while the latter initiated a fraud lawsuit against a borrower, which fueled doubts about its loan portfolio quality.
Investors were spooked not only in the US but also in Asia and Europe, as evidenced by the drop in stock prices on Friday for major banks such as Deutsche Bank, Barclays, and Société Générale.
Although BTC is supposed to be the answer to cracks in the traditional financial system, such crises typically harm it, especially in the short term.
ETF Exodus
After an impressive 9-day period that started in late September, in which the spot Bitcoin ETFs attracted nearly $6 billion, the trend reversed at the end of the previous business week, with a minor net outflow of $4.5 million.
However, the withdrawals intensified on Monday ($326.4 million), Wednesday ($104.1 million), and particularly on Thursday when more than $530 million left these financial products. Friday was also in the red, with more than $366 million leaving the funds.
The total amount withdrawn from the US-based ETFs exceeded $1.2 billion for the week, which undoubtedly increases the pressure on the underlying asset.
Gold Up, BTC Down
In times of uncertainty, investors tend to flock to safe-haven assets. Although this year has had its ups and downs, they have shown a somewhat different approach. Gold has been the preferred investment tool for many, which is evident from its massive rally in 2025.
It charts new all-time highs almost daily, with the latest being at almost $4,400/oz on Friday. At the same time, BTC’s performance has been quite underwhelming lately. This could prove critics like Peter Schiff right (at least for the moment) that the precious metal is still the preferred choice, even though many BTC proponents have argued in the past decade that the cryptocurrency is ‘digital gold.’

Hyperliquid surpassed BNB Chain, Tron and Ethereum in daily blockchain fees activity.Token buyback commitments reached $645M, nearly half of 2025 sector totals combined.RSI at 34.60 and MACD below signal line show weak momentum despite $30 support level.
Hyperliquid earned the most blockchain fees in the past 24 hours, surpassing BNB Chain, Tron, and Ethereum. It brought in over $3 million, totaling to about $3.9 million in revenue and buybacks. This happened while broader market sentiment stayed uncertain and trading in derivatives increased across onchain platforms.
Rising Daily Revenue and Ratios
Strong fee growth placed Hyperliquid ahead of major networks, with BNB Chain and Tron next in line, while Ethereum, Solana, and Bitcoin rounded out the top six. Annualized figures based on this pace indicate an estimated $1.4 billion in projected revenue.
Its market cap is at $11 billion, placing its price-to-earnings ratio above single digits. Price metrics continue to move with market direction and liquidity conditions. Fee leadership on Hyperliquid comes from derivatives volume rather than base layer gas fees.
Hyperliquid’s derivatives markets include more than 100 spot and perpetual contracts. Each order is hosted fully onchain, allowing real-time transparency. Whale Watch and fees tracking tools use this data to monitor large positions and trading flows.
Hyperliquid Structural Design and Market Behavior
Order books run without a central authority, making the platform a fully onchain Layer 1 exchange. Since trades happen directly on the blockchain, everyone can see large orders and how prices react in real time without waiting for delayed updates. Professional traders often use leverage, complex strategies, and large orders to find the best prices.
This high level of transparency limits price manipulation, unlike centralized exchanges, because every trade is visible on the blockchain. This  helps users follow fast sentiment changes across contracts and spot pairs.
Notably, Hyperliquid has also led the current token buyback push. The project allocated about $645 million to buy back its tokens this year. That total accounts for nearly half of the $1.4 billion committed to buybacks across the sector in 2025. The next nine projects combined did not match that total, indicating the scale of the program.
The initiative aims to reduce token float and concentrate ownership through recurring repurchases. As per reports additional $300 million in buyback demand could enter during the fourth quarter. Further annualized projections from associated funds place that figure near $1 billion to $1.5 billion once current programs continue.
Technical Outlook and Price Levels
At press time, HYPE was trading at $36.24 up by 6.22% in the past 24 hours. Price action has trended lower since mid-September after reaching near $52.000. This decline formed a sequence of lower highs and lower lows, indicating a bearish continuation structure.


Price recently rebounded from the $30 to $32 support area, indicating a defense of that range. However, momentum indicators continue to show weakness. The RSI i at 34.60, below the midpoint and near the oversold boundary at 30. The RSI moving average holds at 40.10, suggesting mild divergence and attempts at stabilization if buyers step in.
The MACD indicator shows the line at -3.245, below the signal line at -2.445. The histogram is negative, though the gap has narrowed. That narrowing hints at reduced bearish momentum without confirming any reversal. Technical levels point to upside interest near $38 to $40 if support holds.
If the price drops below $30, it could fall further to between $25 and $28. Market sentiment is cautious, and low trading volume shows traders are less confident about holding long positions. The overall market trend will likely guide the next move, especially with derivatives activity affecting fee data.
Meanwhile, Hyperliquid leads in daily fee earnings, surpassing bigger networks. Its performance is shaped by buybacks, strong derivatives use, and clear onchain operations. The next few weeks will reveal if revenues stay steady and how prices adjust to changing market conditions.

Solana tests the $182–$185 support zone, signaling a key decision point for near-term price action.Analysts identify $180 as a crucial confluence level, with potential bullish reversal if support holds.Ecosystem data shows $10.67B TVL and strong liquidity, though $36M outflows indicate cautious sentiment.
Solana’s price is testing a critical support range between $182 and $185, where traders expect a possible relief bounce or pullback. Market analysts note that holding this level may encourage a short-term recovery, while failure could lead to further declines toward lower support levels. At the time of writing, Solana was trading at $180.
Key Support Zone Holds as Analysts Watch for Bullish Reaction
According to an analysis prepared by BitGuru, Solana’s recent decline from the $253 high has pushed the price into a consolidation phase. The token has been forming lower highs and lower lows, reflecting ongoing selling pressure. The 4-hour chart shows that the $182–$185 area now acts as a short-term decision zone for traders.
https://twitter.com/bitgu_ru/status/1979095130435924058
BitGuru stated that “a reversal from this range could set up the next bullish leg,” suggesting that demand may rebuild if the support holds. The $180 level is seen as a confluence zone linked to previous bullish order blocks that triggered prior recoveries. 


Maintaining a daily close above this area could lead to the formation of an accumulation range, signaling potential strength ahead. Man of Bitcoin observed that the chart is “potentially developing a 1-2 setup,” with Wave 2 nearing completion between $175.59 and $173.06. The analyst noted resistance at $186.78 and $195.99, while a move above $214 could indicate renewed bullish control.
Ecosystem Metrics and Market Outlook
According to data from DeFiLlama, Solana’s total value locked (TVL) stands at $10.67 billion, marking a 5.45% daily decrease. The capitalization of the stablecoin market is still solid, totaling $15.64 billion, which contributes to the liquidity of networks.
Decentralized exchange trading volume reached $5.94 billion, while perpetuals trading accounted for $2.25 billion. Exchange data from Coinglass shows $36.1 million in net outflows on October 17, extending a three-day cumulative withdrawal above $400 million. 
Analysts believe that in case inflows are stabilized and the price regains the level of the $199-$205 range, Solana might recover to the $230 range. However, a breakdown below $172 may lead to extended consolidation before a new bullish phase emerges.

In a rapidly evolving crypto landscape, industry players continue to push the boundaries of blockchain adoption, from traditional securities to digital assets and stablecoins. Recent developments include Ondo Finance’s call for caution regarding Nasdaq’s tokenized securities proposal, Japan’s leading banks planning a yen-pegged stablecoin, and OpenSea’s strategic shift towards trading all on-chain assets. These moves highlight the diversification and maturation of crypto markets amid ongoing regulatory discussions and technological innovations.
Ondo Finance urges the SEC to delay approval of Nasdaq’s tokenized securities proposal over transparency concerns.Mexico and Japan’s major banks are exploring the creation of a yen-backed stablecoin to facilitate corporate settlements.OpenSea clarifies it is not abandoning NFTs, but expanding its platform to trade all types of on-chain assets.More than five new crypto ETFs were filed this week despite the US government shutdown, indicating ongoing market optimism.
Today in crypto, Ondo Finance is calling on the U.S. Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, citing transparency issues and concerns over fair access. The blockchain firm issued a detailed letter emphasizing that regulators and investors lack sufficient information regarding how the Depository Trust Company (DTC) will handle blockchain-based settlement processes. The DTC, which manages the post-trade clearing for U.S. securities, has yet to finalize systems necessary for the proposed tokenized securities trading platform.
While Ondo supports the concept of securities tokenization, it warns that Nasdaq’s reference to non-public details could unfairly favor certain market participants. The company advocates for more transparent standards and collaborative regulation, suggesting delays until DTC’s system is ready and more features are in place. Nasdaq’s proposal aims to enable tokenized stocks to trade alongside conventional equities, with settlement processes integrated through a future DTC system. The SEC review period for this filing runs through early November, setting the stage for potential regulatory clarity on digital securities.
OpenSea reaffirms its commitment to on-chain asset trading
OpenSea CEO Devin Finzer has dispelled reports suggesting the platform is shifting away from NFTs. Instead, he highlighted that OpenSea is evolving into a comprehensive hub for trading all on-chain assets, including tokens, collectibles, digital culture, and even physical items. Finzer announced that October trading volume surpassed $2.6 billion, with over 90% derived from token trades, signaling a transition towards a broader, more integrated marketplace.
“We’re developing a universal interface that encompasses the entire onchain economy—tokens, collectibles, and more,” Finzer explained. “The aim is for users to seamlessly trade any onchain asset across chains, maintaining full control of their assets.” Since launching in 2017, OpenSea has been the dominant NFT marketplace but faced stiff competition from Blur earlier this year amid market downturns. Its renewed focus on trading everything on-chain demonstrates strategic diversification and adaptation to the changing digital asset landscape.
Japanese Banks to Launch Yen-Backed Stablecoin
Japan’s largest banks are collaborating on a project to issue a yen-pegged stablecoin, marking a significant step in the country’s digital currency adoption. Mitsubishi UFJ Financial Group (MUFG), Bank Sumitomo Mitsui Banking Corp. (SMBC), and Mizuho Bank plan to utilize MUFG’s stablecoin issuance platform, Progmat, to streamline corporate settlements and reduce transaction costs.
The consortium aims to establish a standardized, interoperable stablecoin to facilitate payments both within and between corporations. The initial rollout is expected by the end of the year, with Mitsubishi Corp., a major multinational, set to be the first to adopt the stablecoin for internal settlements, including dividends, acquisitions, and customer transactions. With over 240 global subsidiaries, Mitsubishi seeks to improve efficiency and cut administrative costs, potentially creating Japan’s first country-backed stablecoin network under a unified framework.

Bitcoin dominance is stabilizing at 56%, prepping the crypto market for its next significant rotation into high-potential altcoins.  Traders are looking for signs of an altcoin bounce as Bitcoin consolidates around $114,632.  If Bitcoin’s dominance remains the same or declines, liquidity will flow to undervalued enterprises with growth potential. Little Pepe (LILPEPE), VeChain (VET), Cronos (CRO), Sui (SUI), and Hedera (HBAR) are five coins with utility, affordability, and momentum as the crypto market stabilizes.
Little Pepe (LILPEPE): A Meme Coin with Blockchain Goals
With its high-performance blockchain technology and comedy, Little Pepe (LILPEPE) is reinventing meme coins.  In its Stage 13 presale at $0.0022, LILPEPE has sold over 16.4 billion tokens and raised $27.03 million of its $28.775 million target.  Investors can gain 36% at its listing price of $0.003, with early presale buyers already up 120%. Little Pepe is creating the first Layer-2 blockchain for meme projects, featuring ultra-fast, low-cost transactions, staking, and a Meme Launchpad for creators.  Creatively divided into phases titled “Pregnancy,” “Birth,” and “Growth,” its roadmap aims for a $1 billion market cap and a Top-100 CoinMarketCap ranking.
The project’s CertiK audit, CoinMarketCap listing, $777,000 Giveaway, and 15 ETH Mega Giveaway for presale participants (Stages 12–17) have enhanced investor confidence. As the best meme-utility hybrid of 2025, LILPEPE offers early investors a rare blend of fun and functionality, featuring 0% buy/sell taxes, anti-bot protection, and actual infrastructure plans.
Vechain (VET): Real-World Utility Token 
VeChain connects enterprises worldwide to blockchain technology.  It is one of the most affordable and promising utility tokens. It supports supply chain and sustainability solutions for big companies.  VeChain’s integrations may propel its price to $0.10–$0.15 by the next market upswing, as businesses utilize blockchain for enhanced transparency and logistics.
VET’s real-world applications, from carbon tracking to smart logistics, keep it relevant even in bear markets.  Strong stability and utility make it a strong candidate for long-term portfolios seeking inexpensive blockchain projects under $1.
Cronos (CRO): Exchange-Backed Growth and Reach
Cronos powers the Crypto.com ecosystem.  The coin supports platform transactions and DeFi apps, benefiting from Crypto.com’s vast marketing and global relationships. Utility and exchange-backed reliability provide CRO with solid underpinnings, while its low price makes it an appealing entry point.  Analysts believe that $0.50–$1.00 is possible as crypto usage and retail participation increase.  CRO’s real use case, liquidity depth, and long-term institutional alignment set it apart from low-priced tokens.
Sui (SUI):  Rising Layer-1 Powerhouse 
Layer-1 blockchain  Advanced Sui (SUI) trades at $2.84.   With scalability and concurrent execution, Sui enables developers to build large dApps and NFTs efficiently. Transactions are quick and cheap in the object-based design, which competes with Solana. Sui users have grown because of DeFi technologies, gaming projects, and metaverse connections. Developers joining Sui will increase network activity and token value, making it a promising mid-cap growth investment for 2025 and beyond.
Hedera (HBAR): Large-Scale Enterprise Adoption
Hedera (HBAR) maintains its commitment to enterprise-grade blockchain adoption.  An elite council comprising Google, IBM, LG, and Boeing governs the network, which trades at a price of nearly $0.24, providing unmatched credibility and decentralization.  Hedera’s Hashgraph consensus enables thousands of transactions per second at predictable prices due to its speed and energy efficiency. HBAR is one of the most fundamentally sound cryptocurrencies under $1 due to its corporate collaborations and enterprise connections.  Analysts expect Hedera’s enterprise-driven network to grow 5x–8x as Web3 adoption increases.
Conclusion
Investors are eyeing high-potential altcoins with excellent fundamentals and compelling narratives, while Bitcoin remains the dominant player.
LILPEPE combines meme magic with blockchain utility and early presale potential.VeChain is enterprise-focused.Cronos uses exchange growth.Layer-1 design helps Sui scale innovation.Hedera drives institutionalization.
 They make a strong altcoin lineup for Bitcoin consolidation and the next rotation.  Little Pepe (LILPEPE) is the token with community, originality, and reputable tech that investors looking for growth beyond BTC should consider.

What to Know:
Tesla hesitates on Bitcoin payments, seeking renewable energy proof.Elon Musk demands undeniable green energy verification.Cryptocurrency industry remains divided over Tesla's stance.
Elon Musk's Tesla remains cautious in resuming Bitcoin payments due to environmental concerns, demanding verified use of renewable energy before reconsidering, impacting market dynamics without new policy updates.
The hesitation to accept Bitcoin affects crypto markets, highlights sustainability issues, and prompts industry-wide efforts to certify renewable energy use in mining operations, reflecting ongoing environmental debates.
Tesla remains cautious about resuming Bitcoin payments despite claims of 56% mining via renewables, demanding verified proof of sustainable energy.
Tesla's stance impacts cryptocurrency markets and reflects broader concerns on environmental impacts of Bitcoin mining.
Tesla Awaits Proof of 56% Renewable Bitcoin Mining
Elon Musk, Tesla's CEO, suspended BTC payments in May 2021 citing environmental concerns, especially the use of coal in mining. Currently, at least 56% of Bitcoin mining reportedly employs renewable energy, yet Tesla still abstains, awaiting verified proof.
The Bitcoin Mining Council claims increased renewable use, but Musk demands third-party verification before considering any policy change. Tesla's silence persists despite ongoing debates within the crypto community regarding energy sources.
Market Unrest Persists Due to Tesla's Bitcoin Stance
The decision has kept market uncertainty high, as Tesla's influence on Bitcoin has historically caused substantial price fluctuations. Other industries watch closely, anticipating further shifts based on Tesla's eventual decision.
This impasse highlights Bitcoin's broader energy-related concerns, politically pressuring governments and companies to mandate greener practices. Musk's insistence on reliable data suggests a strong focus on sustainable initiatives within the sector.
Tesla's 2021 Bitcoin Halt Spurs Industry Adjustments
Tesla's Bitcoin suspension in 2021 led to drastic market reactions, emphasizing Bitcoin’s carbon footprint debate. The mining shift to North America post-China crackdown suggests progress toward greener processes.
Concerns persist about proving renewable energy use in mining, as similar past events triggered market volatility. Analysts predict industry-wide adjustments following any future announcement by Tesla on Bitcoin payments.
We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining… especially coal, which has the worst emissions of any fuel." – Elon Musk, source

The Bank of England (BOE) has set an end-2026 target for rolling out new stablecoin regulations as it moves to match the pace of U.S. policymakers. The central bank aims to establish a framework that aligns with Washington’s bond-backed model for digital assets. Officials confirmed that a consultation paper will be released on November 10, outlining the structure of the UK’s regulatory plan.
The upcoming rules are designed to manage risks tied to the growing use of stablecoins in the financial system. These digital currencies, which are pegged to traditional money such as the U.S. dollar or the British pound, are gaining attention among global regulators. The BOE’s decision follows discussions at the International Monetary Fund (IMF) and World Bank meetings in Washington, where stablecoins were a major focus for financial leaders.
Plan Aims to Align with U.S. Bond-Backing Rules
Sources familiar with the BOE’s plans said the framework will require stablecoin issuers to hold assets similar to those mandated under U.S. rules. These include government debt or short-term bonds maturing within three months. By mirroring the U.S. model, the BOE seeks to prevent regulatory gaps and promote confidence in digital payment systems.
Officials also plan to allow a portion of the underlying assets to earn interest. The move is expected to attract issuers to the UK market and could increase demand for government securities. The approach reflects a similar expectation in the U.S., where the Trump administration anticipates higher Treasury demand through its digital asset policy known as the Genius Act.
Pressure Mounts to Maintain Competitive Pace
According to individuals briefed on internal discussions, the UK Treasury has urged the BOE to act swiftly to avoid falling behind other jurisdictions. Industry experts have warned that delays could limit the country’s influence in shaping the future of digital payments.
The Financial Stability Board (FSB), chaired by BOE Governor Andrew Bailey, recently cautioned that inconsistent global rules risk regulatory arbitrage and potential financial disruptions. The FSB’s warning has added urgency to the BOE’s efforts to finalize its framework.
At recent global meetings, economists noted that stablecoins could reshape cross-border payments by offering lower costs and faster settlement times. The majority of existing stablecoins remain tied to the U.S. dollar, giving American markets a dominant position. The BOE’s move to align with the U.S. model aims to preserve the UK’s competitiveness in this evolving financial landscape.

If a quantum computer capable of breaking modern encryption were to come online today, Bitcoin would likely be under attack — and no one would know.
“Everything would look like legitimate access,” David Carvalho, CEO of post-quantum infrastructure company Naoris Protocol, told Cointelegraph. “When you think you’re seeing a quantum computer out there, it’s already been in control for months.”
“You wouldn’t even know,” he said.
Researchers at IBM, Google and government-backed laboratories are racing to close that gap, but the clock is ticking. The US National Institute of Standards and Technology (NIST) has begun approving post-quantum algorithms, while most public blockchains still rely on encryption designed in the 1980s.
For now, it’s a theoretical threat. But if the theory became reality, Bitcoin’s defenses would crumble faster than the network could react, Carvalho warned.


How a quantum attack could break Bitcoin
Bitcoin’s core security depends on the Elliptic Curve Digital Signature Algorithm, or ECDSA, a cryptographic standard first proposed in 1985. The system allows users to prove ownership with a private key, while only the corresponding public key is visible to the network.
Using Shor’s algorithm, a sufficiently powerful quantum computer could theoretically recover a private key directly from a public one. That would allow attackers to access any wallet where the public key has been exposed onchain, such as those used in early Bitcoin (BTC) transactions.
“It would be impossible to prove a quantum computer did it because it derives legitimate access,” Carvalho said. “You’d just see those coins move as if their owners decided to spend them.”
Kapil Dhiman, CEO and founder of Quranium — a layer-1 blockchain startup focused on post-quantum security — warned that the earliest and most visible victims would be the oldest wallets.
“Satoshi’s coins would be sitting ducks,” he told Cointelegraph. “If those coins move, confidence in Bitcoin will shatter long before the system itself fails.”


In such a scenario, the blockchain would continue processing transactions normally. Blocks would be mined, and the ledger would remain intact, but ownership would have quietly changed hands.
The reality today is that more powerful GPUs and better algorithms make brute-force attacks slightly more efficient. However, ECDSA with Bitcoin’s 256-bit keys is still far beyond the reach of classical computing.
Bitcoin is behind TradFi in post-quantum encryption
While banks, telecom networks and government agencies are already testing post-quantum encryption, most major blockchains still rely on technology from the 1980s.
“All the blockchains have identified this vulnerability as a root cause,” Dhiman said, referring to the risk that current encryption methods like ECDSA could be broken by quantum computers.
Transitioning Bitcoin to a quantum-resistant model would require an overhaul of the network’s consensus rules that demands broad coordination among miners, developers and users.
Researchers have floated early proposals, including Bitcoin Improvement Proposal 360, which outlines potential pathways for adopting new cryptographic schemes, and the “Post Quantum Migration and Legacy Signatures Sunset” proposal, which phases out legacy signature schemes. Ethereum developers have also explored lattice-based signatures and other quantum-resistant options, though none have reached implementation.


In traditional finance, the shift is already underway. The US NIST has approved algorithms, and JPMorgan has tested a quantum-safe blockchain in partnership with Toshiba. SWIFT has started offering post-quantum security training for its network.
“Traditional finance is actually ahead,” Carvalho said. “They have central control, budgets and a single authority that can push upgrades. Crypto doesn’t have that. Everything takes a consensus.”
Some newer blockchain projects are positioning themselves as quantum-ready from inception. Naoris Protocol, led by Carvalho, was mentioned in an independent proposal submitted to the US Securities and Exchange Commission that discussed post-quantum standards, while Dhiman’s Quranium uses the NIST-approved Stateless Hash-Based Digital Signature Algorithm. Meanwhile, Quantum Resistant Ledger is a blockchain built around XMSS hash-based signatures, a now-standardized NIST algorithm.
What happens if Bitcoin fails the quantum test
For the average Bitcoin holder, the primary concern is a sudden collapse in confidence, which could send prices plummeting and ripple through traditional markets, where institutional adoption of cryptocurrencies has been accelerating.
“There is a non-zero probability of it being out now. The consensus in the scientific, research and military communities is that it is not the case,” Carvalho said.
“However, it would not be the first time world-class cryptography had been broken without public knowledge,” he added, referring to the Enigma cipher.
Used by Nazi Germany during World War II, the Enigma cipher was considered unbreakable at the time. But cryptanalysts led by Alan Turing and his team at Bletchley Park quietly cracked it. The Allies kept the breakthrough a secret so that Germany would continue using the cipher.


“When you think you’re seeing a quantum computer, it’s already been in control for months,” Carvalho warned.
But experts remain optimistic that quantum-secure blockchain systems are achievable and that the industry is attempting to align with standards already being adopted in traditional finance.
“Quantum-secure systems are possible,” said Dhiman. “We just need to start building them before the threat becomes real.”
For now, quantum threats remain theoretical. Bitcoin’s encryption holds strong, and computers capable of breaking it exist only on paper.

Key Points:
Main event, leadership changes, market impact, financial shifts, or expert insights.Tempo raises $500 million for stablecoin blockchain.Valuation reaches $5 billion, backed by Greenoaks & Thrive.
Tempo, a blockchain project backed by Stripe and Paradigm, secured $500 million in Series A funding, led by Greenoaks and Thrive Capital, valuing it at $5 billion.
The funding underscores institutional interest in blockchain for stablecoin payments, signaling potential shifts in financial infrastructure amid heightened demand for such technologies.
Tempo's $500M Funding to Fuel Stablecoin Innovations
Greenoaks and Thrive Capital led the funding round for Tempo, raising $500 million and valuing the blockchain project at $5 billion. The announcement included participation from major firms like Sequoia Capital, Ribbit Capital, and SV Angel. Tempo's strategy aims at establishing itself as an institutional-grade platform optimized for stablecoins.
With a substantial funding injection, Tempo is poised to enhance global payment systems through blockchain and stablecoin innovation. The collaboration of fintech and crypto expertise from Stripe and Paradigm represents a step forward toward mainstream crypto use in payments, indicating potential disruptions for existing infrastructure.
"We just announced Tempo: a payments-first blockchain incubated by Stripe and Paradigm... As stablecoins go mainstream, there’s a growing need for optimized infrastructure... Tempo is purpose-built for stablecoins and real-world payments, born from Stripe’s experience in global payments and Paradigm’s expertise in crypto tech." – Matt Huang, Co-founder, Paradigm source
Stablecoin-Centric Strategy Propels Tempo's Valuation to $5 Billion
Did you know? Tempo's Series A funding round, valued at $5 billion, highlights the continuing trend of high valuations in the blockchain sector, reminiscent of past ventures like Solana and Aptos attracted similar large investments.
According to CoinMarketCap, USDC maintains a steady value at $1.00 with a market cap of formatNumber(76007596643, 2). Its trading volume over the last 24 hours touched formatNumber(15709771007, 2), albeit with a 41.59% decrease, showing minimal price movement.

When you’ve been around markets long enough, you start to see patterns. The tools we trade on and the rails we build on are never static. In crypto, one of the biggest shifts happening right now is at the base layer.
For years, the layer 1 conversation was dominated by Ethereum if you wanted composability and a broad developer base, Solana if you wanted speed and Cosmos if you wanted sovereignty. The choice of L1 felt like picking a trading venue, evaluating fees, liquidity and execution. 
Lately, however, that decision has moved from tactical to strategic. Beyond developers deciding between ecosystems, big companies are now building their blockchains from scratch. And when the companies doing it are Stripe, Coinbase or other giants with deep regulatory and distribution advantages, the L1 stops being a neutral playing field and starts looking like a moat.
The Stripe Tempo moment
Take the Stripe news. It turned out that “Tempo,” a payments-focused layer 1, is being built in partnership with Paradigm. If you’ve traded long enough, you know Stripe isn’t doing this for no reason. This is a settlement-layer play, with control over the base layer, the fees and uptime.
In traditional markets, clearing and settlement are often invisible to end-users, but they’re where the real leverage is. Tempo would give Stripe a chain purpose-built for predictable fees, deterministic settlement times, and merchant distribution that nobody else can match. This is 20 years of payment-processor muscle memory applied to crypto rails.
From permissionless to permissioned
There is a clear spectrum emerging. On one end, there are fully decentralized, censorship-resistant protocols. These chains may lack the polish or compliance comfort institutions crave, but they’re the crucibles where real innovation happens. Ethereum in its early days, Bitcoin still today, newer privacy chains pushing the edges of what’s possible without KYC gates.
Conversely, you have corporate-controlled L1s aligned with regulated custodians and exchanges. Coinbase’s Base chain is already live. Binance’s BNB Chain is effectively a corporate ecosystem. Stripe is joining that tier.
In between are the hybrids, those L1s that want to be open enough to attract the crypto-native crowd but structured enough to keep institutions comfortable. This middle ground is where some of the most interesting battles will be fought — because it’s the one place both sides might meet.
This isn’t a level playing field
Crypto-native founders can’t compete with Stripe or Coinbase regarding distribution and regulatory terms. The big guys can acquire licenses overnight and onboard millions of merchants with an API call. 
That doesn’t make it hopeless for permissionless builders, but it does change the game. Competing head-to-head on the same vectors (licensing, institutional distribution) is suicide. The opportunity is what the corporate L1s won’t or can’t do.
They won’t prioritize privacy features that could raise regulatory eyebrows, and they can’t move as fast in shipping novel DeFi primitives, as every new feature needs legal sign-off. They’ll always have to balance decentralization with shareholder value.
Where the opportunities still live
The most significant breakthroughs in DeFi happened because anyone could plug into anyone else’s contracts without asking permission. That’s harder to do in a corporate-controlled L1 with guardrails. If you can offer true composability, you’ll attract the builders they can’t.
Crypto native founders can also experiment with tokenomics, governance models, or crosschain integrations when it takes incumbents to run a risk assessment.
Lastly, people forget how much cultural alignment matters. Ethereum has an identity, and Bitcoin has a mission. If you can articulate a vision that resonates with a specific user base, whether privacy maximalists, DeFi degens or regional adoption niches, you can outmaneuver corporate L1s in those segments.
The emergence of corporate L1s changes the liquidity map. If Stripe’s Tempo gains traction with merchants, you’ll see predictable, high-volume flows, which is great for low-risk, yield-capture strategies. The volatility and the asymmetric opportunities will still be in the permissionless frontier, however, where protocol changes, governance shifts, or market narratives can swing valuations overnight.
In a permissionless chain, the risks are technical and market-driven. In a corporate chain, the risks are regulatory and business-model-driven. Tempo might not rug you technically, but it could kill your yield with a policy update. 
The endgame
This isn’t a zero-sum fight between corporate and permissionless chains. They’ll likely complement each other. Corporate L1s will handle the compliant, large-volume flows that bring in conservative capital, while permissionless chains will keep pushing the boundaries, generating the innovation that the corporations will eventually adopt.
For traders and builders alike, the real alpha will come from understanding how value migrates between these worlds. The Stripe Tempo news signals that the base layer is now strategic real estate. And in markets, whoever controls the rails eventually controls the margins.

France’s ACPR intensifies AML checks on major crypto exchanges Binance, Coinhouse.MiCA licensing deadline pushes French regulators to tighten crypto compliance oversight.Dozens of crypto firms face scrutiny as EU prepares unified framework.
France’s banking regulator, the Autorité de contrôle prudentiel et de résolution (ACPR), has launched extensive anti-money laundering (AML) inspections on dozens of registered crypto firms. The review includes major exchanges such as Binance and Coinhouse, forming part of a crucial process linked to the European Union’s Markets in Crypto-Assets (MiCA) framework.

The inspections, which began in late 2024, have become the central test that firms must pass to secure a full EU-wide license before the June 2026 MiCA compliance deadline. Companies that fail to meet these standards risk losing the opportunity to operate across the entire European market.
France’s Regulatory Sweep Expands
According to Bloomberg, the ACPR’s regulatory drive targets all registered Digital Asset Service Providers (DASPs) in France. The authority is assessing whether these firms comply with strict anti-money laundering and counter-terrorist financing (AML/CFT) obligations.


This increased scrutiny aligns with a broader effort by France, Italy, and Austria to strengthen EU-level oversight of the crypto industry. The three nations are urging the European Securities and Markets Authority (ESMA), based in Paris, to take on a more direct supervisory role over major crypto players. The aim is to prevent regulatory “shopping,” where firms seek authorization in countries with weaker enforcement and later expand their operations across the EU.


Binance and Coinhouse Under Review
Binance, the world’s largest cryptocurrency exchange, is a primary focus of the ACPR’s current inspections. The regulator reportedly instructed Binance last year to improve its internal risk management and compliance controls. A company representative described the checks as standard periodic reviews that apply to all regulated entities in France.

Coinhouse, a prominent French-based exchange, is also part of the ongoing review. The inspection process follows a two-step system. The ACPR oversees the AML and CFT evaluations, while its findings are shared with the Autorité des marchés financiers (AMF), which grants the MiCA authorization once compliance is confirmed.

MiCA Licensing Becomes the Key Hurdle
The ACPR’s findings will play a decisive role in determining which crypto firms can continue operating under MiCA rules after 2026. At present, companies with basic registration in France must upgrade to obtain the full MiCA license. This approval will allow them to offer services across all 27 EU member states.


So far, only a few firms, including Deblock, GOin, Bitstack, and CACEIS, have received full authorization. The small number of approvals underscores the complexity and stringency of the French licensing process.


The Path Toward 2026
Failure to meet the ACPR’s AML standards could lead to sanctions from French authorities. More importantly, it could prevent firms from obtaining MiCA licenses, effectively blocking them from operating in the European Union.


As the 2026 deadline draws nearer, France’s regulatory actions are expected to shape the landscape of crypto compliance across the bloc, setting the tone for how digital asset companies will operate under the EU’s unified framework.

Key Points:
Ondo Finance requests SEC review of Nasdaq's token proposal.Concerns over transparency and fair access raised by Ondo.Potential impact on U.S. tokenized securities market.
Ondo Finance urges the SEC to pause or reject Nasdaq's tokenized securities proposal due to transparency concerns, challenging settlement models at a critical regulatory juncture.
The decision may influence U.S. tokenization frameworks, impacting Ondo's governance token and broader real-world asset markets.
Ondo Finance has approached the U.S. SEC to reconsider Nasdaq's proposed integration of tokenized securities. The proposal, which lacks clarity, poses risks of unequal advantages for large financial entities, tapping Nasdaq's extensive infrastructure for settling tokenized stocks.
The subdued reaction stems from Nasdaq's effort to utilize DTC systems for token security settlements. Ondo Finance emphasizes the need for comprehensive transparency before approval and advocates for open standards to permit a fair market environment.
Immediate industry impacts include heightened scrutiny on Nasdaq's settlement methods and potential shifts in competitive dynamics. Ondo Finance’s advocacy represents a call for equitable practices within the U.S. securities market, pushing for reforms to standardize access and operations.
Regulatory implications may entail delays in tokenized securities' introduction and subsequent market adjustments. The securitization approach, while promising, requires clear guidelines, as highlighted by Ondo to ensure stakeholder inclusivity and foster a competitive landscape.
"Nasdaq’s reference to non-public information implies differential access that deprives other firms of a fair opportunity to comment... The absence of a public specification for DTC's blockchain settlement system makes it impossible for stakeholders to comment meaningfully. We urge the SEC not to approve this proposal until transparent standards are in place and all firms have a fair opportunity to participate." - Nathan Allman, CEO & Founder, Ondo Finance
Ondo Finance Blog
Consequences of regulatory positioning affect investor trust and market stability. Market sentiment hinges on eventual SEC rulings, reflecting on U.S. competitiveness in crypto-finance. Ondo’s stance signals a demand for specific free-market reforms.
Future financial and technological trends exhibit reliance on regulatory outcomes; transparency will potentially dictate cross-exchange settlements. Historical trends from ETF and BTC ETF processes show repercussions of vigilance in financial protocol adjudication, marking a pivotal phase.

Many thanks to 0xIchigo and Brian Wong for reviewing earlier versions of this work.
Introduction
The Agave v3.0 major release marks another milestone for Solana, introducing a range of upgrades aimed at improving network performance, validator operations, and the developer experience.
Notable Agave 3.0 Updates 
Cache Overhaul: delivering 30–40% faster transaction processingHigher Single-Account Compute Limit: raises the single account limit to 40% of a block’s CUsNew Scheduler TransactionView Struct: improving scheduling efficiencyeXpress Data Path (XDP) for Turbine: a prerequisite for 100 million CU blocksIncreased CPI Nesting Depth: raises the CPI nesting limit from 4 to 8Relax Entry Constraints: simplifies scheduling logic and is necessary for async executionFaster Startup Times: nodes now come back online fasterLoaded Transaction Data Size Specification: standardizes how loaded transaction data is calculatedRPC Improvements: faster, more reliable real-time updates for dApps using PubSub WebSockets

Each section of this article is self-contained, allowing readers to focus on the topics most relevant to them. Whether you’re a validator operator, developer, or active community member, this guide to Agave v3.0 offers you the key updates and insights needed to make the most of the latest improvements.
Client-Related Trends
Before exploring the details of Agave v3.0’s new features, let’s look at how recent data highlights the progress made by the Solana network and the Agave client, showcasing faster release cycles, broader client adoption, and robust performance under pressure.
Agave Release Cadence
Anza has notably accelerated its release cadence this year, reducing the gap between minor Agave versions to under three months. The Agave 2.2.* series remained the supermajority version for only 11 weeks, with Agave 2.3 tracking a similar timeline.


Multi-Client Network
Firedancer adoption on mainnet has advanced significantly in recent months. Currently, 21.6% of stake is running the Jito-Frankendancer client, a figure that has grown slowly and steadily throughout the year (see chart below). Adoption is expected to remain around the 20% threshold until the full Firedancer client is production-ready for mainnet deployment.


This marks a significant milestone for Solana’s multi-client strategy, a long-standing goal aimed at improving network safety, liveness, and resilience. Increased client diversity offers greater choice to validator operators, fosters healthy competition among client teams, and brings more eyes to the client codebases. It also mitigates the risk of a single critical bug triggering a network-wide outage.

It’s also notable that stake running the vanilla Agave client, meaning Agave without third-party MEV modifications such as Jito, has declined from around 6% at the start of the year to roughly 2% today. Meanwhile, adoption of Paladin-Agave has risen in recent months, now accounting for about 6% of total stake.
Network Stress Test
On October 10th, the crypto market experienced the largest liquidation event in its history, triggering extreme volatility across all major blockchains. Despite the record-breaking surge in network activity, the Solana network and the Agave validator client demonstrated remarkable resilience and stability under pressure.

During the peak, Solana sustained six times its normal traffic levels with leaders ingesting around 100,000 transaction packets per second, while producing full blocks at the 60 million CU limit.

Even under these conditions, Solana exhibited the most stable fee dynamics of any major network while processing an order of magnitude higher throughput. True TPS (non-vote transactions) exceeded 3,200 at the height of activity.

Over the roughly two-hour peak window, Solana’s median (P50) transaction fee rose only to $0.007, less than one cent. Average fees briefly reached $0.10, and the top 1% of transactions (P99) peaked just above $1.00. This pattern demonstrates the effectiveness of local fee markets, which confined high fees to only those transactions interacting with contested hot accounts, while ordinary users performing simple transfers (e.g., stablecoin payments) were unaffected.


For comparison, Ethereum mainnet and Arbitrum saw median fees briefly spike above $100 per transaction during the same period. Coinbase-operated L2 Base also experienced fee surges with median fees peaking at over $3. These networks lack local fee markets, applying global fee adjustments that uniformly raise costs for all users during network stress.


State Growth
Solana recently crossed a major milestone in on-chain state growth, surpassing 1 billion total accounts. Nearly 67% of these accounts are owned by the Token Program, of which 89.45% are associated token accounts and 10.55% token mint accounts.


This steady expansion of state has longer-term implications for Solana clients and infrastructure providers. As the number of accounts grows, so does the demand on storage, snapshot size, and account indexing, all of which can impact performance and hardware requirements. Solutions such as ZK Compression offer a promising long-term path forward for reducing state bloat.
Agave 3.0 Release Cycle Updates
Cache Overhaul
Agave 3.0 significantly reduces redundant runtime operations. A complete overhaul of the program cache eliminates hundreds of superfluous account lookups per transaction batch, resulting in approximately 30–40% faster transaction processing in internal benchmarks.
Increase Account Limit to 40% of Block CU
As part of the Agave 3.0 release cycle, Solana will activate SIMD-0306: Raise Account CU Limits. This increases the per-account CU limit from a static fixed constant of 12M to 40% of the block CU limit. Currently, each account can consume up to 12 million CUs per block. As shown in the chart below from Anza, the most heavily contested accounts often hit this ceiling.


With this change, the per-account limit will initially rise from 12 million to 24 million CUs, and eventually to 40 million CUs once SIMD-0286 (100M CU blocks) is activated. Combined with updates like the introduction of the P-token program, this upgrade will significantly increase throughput for hot accounts that are frequently accessed within each block.

Other constraints will remain unchanged, including:

Max Vote Units: the cap on total vote transaction CUs per block, at 36 million CUsMax Block Accounts Data Size Delta: the limit on total account data changes per block, at 100 megabytes.

While raising the per-account CU cap improves throughput for hot state, it may also increase the worst-case serialized execution time, potentially lengthening block verification or slot duration in high-load scenarios.

Finally, it’s worth noting the recent proposal SIMD-0370: Remove Compute Unit Block Limit, which explores eliminating CU-based block limits entirely, a direction that will likely be revisited after the Alpenglow upgrade.
eXpress Data Path (XDP) for Turbine
eXpress Data Path (XDP) is a Linux kernel technology designed for high-performance networking. It enables applications to bypass much of the kernel’s standard packet processing path, reducing both intermediate data copies and context switches between user and kernel space. By handling packets directly with the network interface card (NIC) in user space, XDP dramatically cuts per-packet overhead.

Support for XDP in Turbine was first introduced in Agave v2.3.8 and will be enabled by default starting with Agave 3.1. Turbine is the main scalability bottleneck as block limits increase to 100M CUs. Leaders relay their shreds to 200 peers, generating heavy network load. Large validators with more leader slots can approach 150,000 outbound packets per second under current conditions. XDP directly addresses this bottleneck, making packet dispatch up to 100 times faster, allowing validators to propagate larger blocks far more efficiently. 

Readers interested in a deeper look at XDP implementation in Agave can refer to the validator setup guide and our earlier interview with Anza engineer Alessandro Decina, who led the integration of XDP into the Agave client.
Loaded Transaction Data Size Specification
As part of ongoing efforts to simplify and standardize Solana’s execution model, SIMD-0186: Loaded Transaction Data Size Specification, is set to activate on mainnet during the Agave 3.0 release cycle.

This introduces a consensus-safe method for calculating the total account data loaded by each transaction. The goal is to ensure that all validator clients compute identical transaction data sizes, eliminating subtle inconsistencies that could otherwise cause consensus to diverge.

Currently, Solana’s transaction data sizing logic is overly complex. The existing implementation is idiosyncratic in how it handles LoaderV3 and BPF Upgradeable Loader programs, both of which frequently undercount the actual size of loaded program data. These discrepancies made it difficult for independent client teams to implement compatible logic.

Under SIMD-0186, the sizing rules are now explicit and easy to reason about:

Each loaded account is counted exactly oncePrograms using the BPF Upgradeable Loader include their associated program dataEach loaded account's size is defined as the byte length of its data before transaction execution, with an added 64 bytes for metadataAddress Lookup Tables (ALTs) add a flat 8,248 bytes each

This specification standardizes transaction sizing across all clients and makes transaction behavior more predictable for developers.

The loaded data size limit serves a similar role to the per-transaction CU limit, providing predictable resource accounting for validator nodes. By default, each transaction can load up to 64MB of account data, consuming eight compute units (CUs) per 32KB loaded, equivalent to a base cost of 16,000 CUs, even if less data is actually loaded. Developers can lower this limit via the setLoadedAccountsDataSizeLimit instruction to reduce compute cost and improve scheduling efficiency.

Since the new sizing method can produce varying values based on the transaction structure, developers may need to adjust the loaded account data size limit specified in their compute budget instructions.
Scheduler TransactionView Struct
With Agave 3.0, the scheduler introduces a new lightweight data structure called TransactionView, designed to streamline how transactions are parsed and processed. Unlike the older SDK transaction types, which required deserialization and multiple memory allocations, TransactionView provides a direct view into a serialized transaction. It parses and caches metadata about the transaction layout without actually deserializing it.
Faster Startup Times
Client startup performance continues to improve with the Agave v3.0 release, marking a notable quality-of-life upgrade for validator and RPC operators. Whether restarting after a crash, upgrade, or scheduled maintenance, nodes can now come back online significantly faster.

Starting from a snapshot archive, startup times have been reduced to under three and a half minutes, less than half the duration required under Agave v2.2 (see chart below). This improvement represents a critical performance gain, as faster startup directly enhances network resilience and validator uptime by reducing the time it takes for nodes to rejoin consensus.


Looking ahead, Agave v3.1 will streamline this process further by eliminating background account verification, enabling validators to start voting immediately after replay begins.
Raise CPI Nesting Limit
SIMD-0268: Raise CPI Nesting Limit increases the maximum depth of Cross-Program Invocation (CPI) calls from 4 to 8. This effectively doubles the number of times a Solana program can invoke other programs within a single transaction.

CPI is the mechanism by which one Solana program calls another. It’s a foundational feature of Solana’s runtime that allows programs to build on one another’s logic.

Complex on-chain protocols such as perpetual swaps, smart wallets, and cross-margin systems often rely on multiple layers of program interactions to manage positions, liquidations, and risk. The previous 4-level CPI limit constrained these designs, in some cases forcing developers to split logic across multiple transactions.

Existing applications will continue to function as before (unless they depend on the old limit in their logic to fail transactions). Overall, this frequently requested change broadens the design space for developers and strengthens Solana’s composability.
Relax Entry Constraints
SIMD-0083: Relax Entry Constraints, set for activation during Agave 3.0, removes the rule that transactions within a block entry must not conflict with each other. Previously, any entry containing conflicting transactions (i.e., those that both write to the same account or where one reads while another writes) would invalidate the entire block.

With this update, such conflicts are now permitted. When they occur, the transactions are simply executed sequentially in the order they appear. This change simplifies block packing rules, giving leaders greater flexibility in transaction ordering and block construction. It is also a necessary change for Solana to implement asynchronous execution.
RPC Improvements
Agave v3.0 introduces responsiveness upgrades to the subscription server, which now prioritizes incoming messages, such as subscription requests and PINGs, over outgoing notifications. This change delivers faster, more reliable real-time updates for dApps using PubSub WebSockets.

Additionally, slot properties have been added to epoch rewards error data, improving debugging and observability for developers.
Other Changes
Starting with Agave v3.0.0, Anza has discontinued publishing prebuilt agave-validator binaries. Validator operators must now compile the binaries from source by following the build instructions provided.With Agave v3.0, the default snapshot interval has been extended to every 100,000 slots, up from 50,000 in v2.3 and 25,000 in v2.2. Increasing the interval significantly improves disk performance, reducing spikes in IOPS (input/output operations per second) during snapshot creation.Numerous deprecated old CLI arguments and flags have been removed (full list here).Currently, an advance nonce instruction in a transaction can specify any account in the transaction as the account to advance. Following the feature gate activation for SIMD-0242: Static Nonce Account Only, this will restrict the advance nonce instruction to only be able to advance a statically included account.
Conclusion
Agave v3.0 is a substantial client upgrade, introducing faster transaction processing, higher compute limits, improved scheduler efficiency, and a range of validator and RPC optimizations. Together, these updates strengthen both network performance and developer experience.
Recent data further reinforces this progress: quicker release cadences, growing client diversity, and exceptional network stability under peak demand all highlight Solana’s maturation. With Agave 3.0 now powering the network, Solana continues to prove its ability to scale.

Key Points:
Solana launches Agave 3.0 to enhance blockchain performance.Increased transaction throughput and decreased latency.Potential boost in Solana's network competitiveness and institutional attention.
The Solana Agave 3.0 update, led by development group Anza, aims to bolster transaction speed and efficiency on the Solana blockchain, enhancing the network's infrastructure notably in October 2025.
By propelling throughput and validator performance, the Agave 3.0 update could bolster institutional interest and solidify Solana's position as a leading blockchain platform for decentralized applications.
Core Sections
This update is expected to impact the performance and reliability of Solana’s native token, SOL, enhancing transaction fee dynamics. With improved throughput, Solana aims to attract additional institutional attention and bolster its network’s competitive edge.
The financial implications are notable, as improved infrastructure could indirectly boost Solana's ecosystem grants. This positions Solana as a robust contender for projects requiring reliable settlement assurance.
Despite no new regulations referring specifically to Agave 3.0, projects based on Solana anticipate enhanced development capabilities and user experience improvements. This aligns with historical trends seen in previous updates.
Solana’s ecosystem is expected to experience growth in DeFi projects and NFT platforms, with the increased compute unit limits allowing for more intensive transactions. These advancements promise to strengthen Solana’s position in the blockchain sector.
The significant technical review contributions offered by the team emphasize our commitment to enhancing the Solana ecosystem. — Brian Wong, Contributor, Agave v3.0 Release

BNB Chain’s meme coin launch platform, Four Meme, has announced an upcoming Token Name Protection feature designed to make token creation fairer and prevent confusion caused by duplicate or similar names. The update aims to strengthen transparency and originality in the fast-moving meme token ecosystem, where name copying and imitation have become common tactics.
According to the announcement, the system automatically activates once a meme token gains traction during its Bonding Curve phase. When a project surpasses 100 unique holding addresses, it will receive an automatic 72-hour protection window, during which the creation of tokens with identical or closely similar names and symbols will be blocked across both Fair Mode and Free Mode.


Four Meme explained that the protection only applies during the Bonding Curve phase but remains active for the full 72-hour duration even if the token officially launches during that period. The system cross-checks all active Fair and Free Mode tokens to ensure that name-locking is applied comprehensively, preventing misleading clones and preserving project integrity.
Top 10 Trending Cryptocurrencies on CoinGecko Today
The platform described the feature as a “cleaner and more transparent approach” to meme coin creation, giving each project its own distinct identity while minimizing fraud and confusion. Four Meme stated that the update is currently in its final testing phase and invited community feedback to help refine the system before full deployment.

Cardano breaks below the $0.66 support, with a possible drop to $0.60.ADA faces further decline as whale sales continue, reducing exposure.Retail interest in ADA rises despite bearish pressure from whales.
Cardano’s recent price action has confirmed the continuation of its bearish trend. As of October 17, 2025, ADA dropped below the critical support level of $0.66. This movement follows the general market weakness in cryptocurrencies, with Bitcoin and XRP also experiencing downward pressure.
In the past 24 hours, Cardano has lost over 6% of its value, trading at $0.62. Several technical indicators are suggesting further downside for Cardano. 


A recent TradingView analysis noted that ADA’s failure to break above resistance at $0.74 earlier this week triggered a sharp drop. The price dipped below the $0.70 support on Wednesday, and the current loss of $0.66 sets the stage for a possible decline toward the $0.60 to $0.57 range in the coming days.
Whale Activity Continues to Weigh on ADA Price
Cardano faces pressure from significant whale activity. According to data from Santiment, large holders have sold approximately 40 million ADA in the past week. These sales were primarily made by addresses holding between 1 million and 10 million ADA, resulting in a noticeable reduction of their collective holdings.
40 million Cardano $ADA sold by whales in the past week! pic.twitter.com/iQibSHDyXv— Ali (@ali_charts) October 11, 2025
This selling trend reflects the cautious sentiment among large investors, contributing to ADA’s recent price decline. While some retail traders are showing renewed interest in Cardano, indicated by a rise in the Chaikin Money Flow, whale selling has outpaced this positive move. The balance of market dynamics suggests that ADA’s recovery depends heavily on the shift in whale behavior, from selling to buying.
Outlook for Cardano: Bearish or Bullish?
Despite the current downturn, some analysts are cautiously optimistic about ADA’s future. If Cardano can reclaim the $0.66 support level, a short-term rally may occur, with potential price targets around $0.69 or $0.75. 
Last year the pump started in November

If $ADA gets another pump like that, there's a chance it reaches a new ATH this year. pic.twitter.com/wvfjleddnE— Sssebi (@Av_Sebastian) October 17, 2025
However, the recent loss of support and the persistent selling pressure from whales raise concerns about ADA’s immediate recovery.
In the long term, if ADA maintains key levels above $0.50, it could begin forming a foundation for a possible bullish reversal. However, breaking below this support zone could lead to further losses, with the $0.30 mark as a potential downside target.

Key Points:
Orderly Network launches perpetual trading for SPX500 and NAS100.New integration bridges liquidity fragmentation in DeFi.Community-driven approach emphasizes decentralized exchange infrastructure.
Orderly Network has launched perpetual real-world asset trading within the decentralized finance space, introducing indices like SPX500 and NAS100, with new functionalities starting October 16, 2025.
This launch marks a new phase in DeFi, linking traditional finance with crypto derivatives, potentially influencing liquidity and institutional adoption across blockchain ecosystems.
Orderly Network has launched perpetual trading of real-world assets like SPX500 and NAS100. The move aims to integrate traditional finance elements with decentralized finance (DeFi), enhancing infrastructure for perpetual contracts.
The project involves trading SPX500 and NAS100 indices, settled in USDC with leverage up to 20x. Orderly Network provides essential DEX infrastructure, focusing on community inputs and scalable frameworks for developers.
Orderly’s Integration with Traditional Markets
Orderly’s integration connects traditional equity markets to DeFi, aiming to reduce liquidity fragmentation. As stated by the leadership, "Our infrastructure will bridge liquidity fragmentation and enable omnichain settlement." This approach aims to create continuous trader engagement by offering 24/7 trading options.

Financial implications include targeting institutional involvement through strategic partnerships. The infrastructure-first model aims to grow Orderly's share in the projected $50 billion RWA market by 2025.
Insights suggest potential adoption growth in DeFi through Orderly's infrastructure. Regulatory compliance and partnerships with entities like Clearpool are expected to attract institutional players, though specific funding details remain unpublished.

Key Points:
OpenSea expands from NFT marketplace to multi-chain crypto aggregator.Enabled $1.60 billion in trades in two weeks, setting a new record.October 2025 marks OpenSea's highest trading volume in three years.
OpenSea has expanded its platform from NFT trades to a comprehensive cryptocurrency trading aggregator across 22 blockchains, generating $1.6 billion in trades, as reported in October 2025.
This shift positions OpenSea for significant market influence, promising enhanced user engagement and potential revenue growth amidst fluctuating NFT interest.
OpenSea's $1.60 Billion Trade Surge in Two Weeks
OpenSea is undergoing a strategic shift from being predominantly NFT-focused to becoming a comprehensive crypto trading platform, supporting buy and sell orders across 22 blockchains. Led by CMO Adam Hollander, OpenSea integrates services with decentralized exchanges like Uniswap to enhance its offerings.
The company's recent transformation into a trading aggregator has resulted in a significant increase in trading volume, reaching $1.60 billion in crypto trades and $230 million in NFT trades in just two weeks. This change marks the highest trading volume OpenSea has recorded in the past three years.
"We broadly want people to view OpenSea as their Web3 home, which means that you should be able to easily trade any type of asset across any chain or wallet extremely seamlessly and easily, regardless of your level of experience in crypto." - Adam Hollander, CMO, OpenSea
Broader Implications for Markets and Regulation
Did you know? In the early 2020s, OpenSea's NFT trading volume once peaked at $5 billion monthly, significantly surpassing its current expansion into cryptocurrency tradings. This pivot aligns OpenSea closer to its early trading highs.
StarSharks SEA (SEA) recently experienced marked price dynamics, with a 38.50% rise over 90 days. The token has seen mixed performance, reflecting broader market variability, as reported by CoinMarketCap.


Insights from the Coincu research team indicate that OpenSea’s move could prompt regulatory discussions and gradual technological advancements in crypto platforms. Financial benefits are expected due to higher trade volumes and enhanced liquidity.

Key Points:
Tom Lee suggests digital asset treasury bubble may have burst.Ethereum, perceived as "the blockchain of Wall Street."Investors reassess amid significant Solana interest and ETF outflows.
BitMine Chairman Tom Lee announced in a Fortune magazine interview that the bubble in digital asset treasury companies may have burst due to falling stock trading prices.
This revelation holds significance as financial firms increasingly rely on Ethereum, facing technological hurdles amid regulatory and market dynamics reshaping digital asset investments.
Ethereum's Financial Role Grows Amid Solana's Rising Interest
Tom Lee, chairman of BitMine, remarked that digital asset treasury companies are experiencing a bubble burst, with many firm stocks now trading below their net asset value. Highlighting significant volatility, Lee described this as how a bubble bursts if it isn't already evident. Financial firms are focusing on Ethereum's applicability in stablecoins and tokenized assets, reinforcing its stature.
Lee characterized Ethereum as "the blockchain of Wall Street" due to its prevalent use in financial applications. Interest pivots from Ethereum to Solana as investors reevaluate portfolios amid these changing dynamics. The expectation is heightened with new framework discussions stemming from "Crypto 2025: Breaking the Deadlock and New Birth" conference, foreshadowing shifts in how crypto markets align with regulatory changes.
“Solana has gained significant institutional and retail attention, corresponding to Ethereum ETF outflows and market strategizing.”
Ethereum and Solana's Market Cap and Trading Volume Insights
Did you know? Digital asset treasury companies, historically valuable, currently face scrutiny similar to the dot-com era when perceived overvaluation led to strategic realignments.
According to CoinMarketCap, Ethereum (ETH) trades at $3,883.25. Its market cap is $468.70 billion, representing a market dominance of 12.80%. Trading volumes registered $50.06 billion, showing a 22.71% decrease. Notably, ETH's price decreased by 2.34% over the past 24 hours, continuing a broader trend of decline over recent weeks.


The Coincu research team suggests crypto realignment trends may signal ongoing reassessment of digital asset valuations. Traditional methods like stock valuation principles are being applied to digital assets, a move that could forecast more conservative market approaches as regulatory measures become clear.

The latest Crypto Industry Report from CoinGecko reveals that the crypto market actually accelerated in Q3 of 2025. Total market capitalization jumped another 16.4%, adding over $563 billion to reach an incredible $4 trillion.
According to the Crypto Industry Report, this quarter marked crypto’s “second leg” of recovery.
Total Market Cap Hit $4 Trillion
The growth in the market was not only triggered by the increase in prices, but also by the number of participants. The volume in the trading market changed direction, and it moved to the upside, indicating the recovery of traders. This excitement sparked crypto’s second major recovery phase after a slow start to the year.


Stablecoins Reached a New Record High
Stablecoins had one of their best quarters ever, with market cap rising $44.5 billion (+18.3%) to an all-time high of $287.6 billion. USDe by Ethena was the first to take off and increased 177.8% to emerge as the third-largest stablecoin.
Tether (USDT) increased by $17 billion; however, its market share fell to 61% as USDC and USDe have become more widespread. The stablecoin industry has been showing its strength and gaining significance in the crypto ecosystem.


ETH Reached a New All-Time High
Ethereum (ETH) emerged as one of the largest winners in the Crypto Industry Report. In August, ETH reached a new all-time high of $4,946, surging 68.5 percent to capture a new position at $2,502. There was an increase in institutional inflows with the launch of Ethereum spot ETFs.
Companies like Bitmine Immersion and SharpLink made treasury purchases, also contributing to this development. There was also an increase in the volume of daily trading to $33.4 billion, reflecting trust in the long-run value of Ethereum.


BNB Exploded to New Heights
BNB also started with an explosive quarter. By the end of Q3, it increased by 57.3 cents to hit a new all-time high of $1,030. Its daily trading volume doubled from $0.8 billion to $1.7 billion. This growth followed PancakeSwap’s Binance integration and the launch of perp DEX Aster. The momentum of BNB continued even up to the beginning of Q4, reaching a new peak of $1,369.


DeFi Made a Powerful Comeback
The total value locked (TVL) increased by 40.2 percent and grew, increasing from $40.2 billion to $161 billion. This was a comeback due to the ETH price surge and a resurgence in protocols based on stablecoins. DeFi market share has increased, reaching 4.0% in Q3 as investors became interested in new DEX tokens, such as Avantis (AVNT) and Aster (ASTER).


Centralized Exchanges Recovered
CEXs regained footing with spot trading volumes jumping 31.6% quarter-on-quarter to $5.1 trillion. Binance led the way with 40% market share and over $2 trillion in quarterly volume. Bybit also made a big leap, moving from sixth to third place after a 38% growth. Coinbase, though still the largest in the U.S., slipped to tenth place globally as rivals outperformed it.


Perp DEX hits Record Volumes
Perp DEXs hit a record quarter, with trading volume up 87% to $1.8 trillion. Hyperliquid maintained its lead with a 54.6% market share. However, new entrants such as Aster, Lighter, and edgeX are closing the gap with their powerful incentive programs. Aster even reached an all-time high of $84.8 billion in daily volume in September.


Conclusion
In the 2025 Q3 Crypto Industry Report published by CoinGecko, it is evident that the crypto market is recovering. From ETH’s new highs, record-breaking stablecoins, and revived DeFi activity. With ongoing momentum, Q4 may pave the way for the next phase of market growth.