Connect with us

Crypto World

‘The Frog is Waking Up!’ PEPE Explodes 50% in a Week as Golden Cross Forms

Published

on

The frog-themed meme coin PEPE has emerged as one of the top-performing cryptocurrencies over the past week, with its price rising by roughly 50% to a nine-month high of $0.0000049.

The token has already demonstrated its ability to deliver triple and even quadruple gains in the past, and many analysts now believe another move of that scale could be on the horizon.

‘The Frog is Waking Up’

X user Giannis Andreou noted that PEPE’s weekly chart is holding a higher low above its 2023 base, meaning the test now comes at $0.0000048-$0.0000055.

The analyst claimed the weekly candle “is still open,” arguing that a close above the upper boundary, followed by a successful retest, could strengthen the case for $0.0000065-$0.0000075.

Advertisement

“Clear that, and $0.000009-$0.0000105 becomes the next zone to watch. The bigger recovery scenario reaches $0.000013–$0.000016,” he added.

At the same time, the analyst warned that a rejection may lead to a drop to the $0.0000023-$0.0000032 range.

For his part, Crypto With Gopal argued that the meme coin’s price is testing the lower trendline after a rejection near $0.0000054, showing momentum is tightening. He believes that the setup remains bullish, but buyers must defend support and reclaim the upper resistance to initiate a further upswing.

X user Plazma also chipped in, estimating that PEPE had formed a golden cross on the 50-day/200-day moving average: a setup usually considered highly positive for the price.

The Dangerous Game With Meme Coins

PEPE’s price increase is impressive and could go even higher, but traders and investors who want to hop on the bandwagon should keep in mind that tokens like this are highly volatile and often driven more by hype and speculation than fundamentals. Recently, X user Crypto Bitlord warned people to stay away from memes, claiming 99% of them are scams.

Advertisement

“It’s hard for me to recommend anyone play that game because the statistics are against you,” he added.

PEPE has been on the market for more than three years and has built a solid community base, but no one can say for sure whether the project has a bright future or is a time-ticking bomb.

Meanwhile, CoinGlass data shows that over the past few days, investors have moved PEPE tokens from self-custody to centralized exchanges. That reinforces the bearish scenario since it increases immediate selling pressure.

PEPE Exchange Netflow
PEPE Exchange Netflow, Source: CoinGlass

The post ‘The Frog is Waking Up!’ PEPE Explodes 50% in a Week as Golden Cross Forms appeared first on CryptoPotato.



Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

What’s next for Bitcoin price as CLARITY Act stalls?

Published

on

Santiment flags Bitcoin euphoria after CLARITY win

Bitcoin could face a longer period of regulatory uncertainty after the CLARITY Act stalled in the U.S. Senate, although the setback has not changed BTC’s current classification as a digital commodity.

Summary

  • Bitcoin remains classified as a digital commodity despite the CLARITY Act failing to advance in the Senate.
  • The setback delays federal rules for crypto spot markets, leaving Bitcoin’s current treatment dependent partly on agency interpretation.
  • Spot Bitcoin ETFs returned to inflows after the initial selloff, while BTC recovered from below $76,000 to above $86,000.
  • The SEC and CFTC are moving ahead with crypto rules under existing authority while Congress considers whether to revisit the legislation.

According to a Sept. 22 report from Bitplanet Research Lab, the failed Senate vote primarily delayed efforts to put the definition of digital commodities and a regulatory framework for spot markets into federal law. The SEC and CFTC’s existing interpretation of Bitcoin remains unchanged.

The Senate rejected a cloture motion to begin consideration of H.R. 3633 on Sept. 15 by 49 votes to 50, with one senator not voting. The motion needed 60 votes to advance, meaning lawmakers never reached the amendment process or a final vote on the legislation.

Advertisement

As crypto.news reported after the vote, Bitcoin faces less regulatory uncertainty from the setback than altcoins, decentralized finance platforms, exchanges and token issuers. Attention has instead moved toward how the SEC and CFTC use their existing powers while legislation remains stalled.

Bitcoin faces limited immediate impact from the CLARITY Act setback

Bitcoin’s existing regulatory treatment provides some insulation from the failure of the bill.

The SEC and CFTC issued a joint interpretation on March 17 that placed crypto assets into five categories, including digital commodities, digital collectibles, digital tools, stablecoins and digital securities. Bitcoin was among the assets specifically named as examples of digital commodities.

The agencies’ joint crypto interpretation identified BTC alongside Ether, Solana and XRP, among other assets, as digital commodities rather than securities. The interpretation did not replace the Howey test, meaning securities laws can still apply depending on how an asset is offered or sold.

Advertisement

The distinction limits what the failed CLARITY Act vote immediately changes for Bitcoin. Bitplanet said BTC continues to be treated as a commodity under the March interpretation, while the legislative setback concerns the rules surrounding the market in which it trades.

Under the House passed version of the CLARITY Act, digital commodity exchanges, brokers and dealers would have been required to register with the CFTC. Spot trading conducted through entities registered or required to register with the regulator would fall under its exclusive supervision.

Without the legislation, the CFTC still lacks statutory authority to supervise the entire digital commodity spot market, according to the report. Bitcoin therefore keeps its current classification, while the federal registration and supervision regime intended for exchanges and intermediaries remains unfinished.

Bitcoin’s commodity status remains based on agency interpretation

A longer term issue for Bitcoin is that its current regulatory treatment has not been written into federal law.

Advertisement

Bitplanet noted that the SEC and CFTC interpretation is neither a statute nor a binding rule. BlackRock cited the same distinction as a risk factor in the second quarter report for its iShares Bitcoin Trust, noting that a court or future administration could reach a different conclusion.

SEC Chair Paul Atkins has similarly argued that legislation is needed to prevent future regulators from reversing current policy.

The CLARITY Act would have provided a statutory definition of digital commodities and established the regulatory structure surrounding their spot markets. Its failure to clear the Senate procedural hurdle leaves Bitcoin dependent in part on the existing interpretation while Congress considers whether to revisit the legislation.

Advertisement

A crypto.news analysis of digital commodities in June noted that the March classification was interpretive and could be revised by a future administration. The CLARITY Act was designed to put the digital commodity category into federal statute.

For Bitcoin, Bitplanet said the current classification would need to be reassessed if the SEC and CFTC withdrew or amended their March interpretation or if a federal court reached a different conclusion.

Bitcoin ETF flows show the initial market impact has faded

Bitcoin and crypto related markets reacted sharply when the Senate vote failed, although the selloff did not persist.

The 12 U.S. spot Bitcoin ETFs recorded $450.4 million in combined net outflows on Sept. 15. Fidelity’s FBTC lost $214.8 million, while BlackRock’s IBIT posted $161.7 million in withdrawals. The daily total was approximately 2.8 times the $159.9 million net inflow recorded during the previous trading session.

Advertisement

Bitcoin fell 3.39% from $78,316 to $75,663 based on the aggregate price data used by Bitplanet. Coinbase closed 10.10% lower and Circle dropped 11.41% during the same session.

Bitplanet cautioned against treating the CLARITY Act vote as the sole cause. The vote occurred during the Federal Reserve’s September meeting, while interest rates and oil prices were affecting risk assets at the same time. The report said those variables prevented it from isolating the regulatory component of Bitcoin’s decline.

Selling pressure subsequently reversed. Bitcoin rebounded 5.8% to $80,890 on Sept. 18, while spot Bitcoin ETFs recorded $159.5 million in net inflows on Sept. 17 and another $433 million the following day. Short liquidations occurred during the rebound, making it difficult to attribute the recovery solely to regulatory developments.

BTC has since extended its recovery. Bitcoin climbed above $86,000 and briefly touched $87,000 on Sept. 22, its highest level since late January, as falling oil prices, lower Treasury yields, short covering and returning institutional demand supported the move.

Advertisement

HashKey Group senior researcher Tim Sun told crypto.news that ETF inflows confirmed the rally instead of initiating it, while describing short term ETF flows as tending to move with Bitcoin’s price rather than predict its direction.

The recovery has left BTC well above the level seen immediately after the failed Senate vote. Bitplanet identified continued spot ETF flows as one of the factors to monitor, noting that the four trading sessions between Sept. 15 and Sept. 18 still produced a cumulative net outflow of $153.8 million despite the inflows during the final two sessions.

SEC and CFTC rules could determine what comes next for Bitcoin

With the legislation stalled, both regulators are moving ahead with crypto related measures using their existing authority.

CFTC Chairman Michael Selig said in August that staff had been directed to review a crypto asset market structure rule that could proceed under existing statutory powers. The White House Office of Information and Regulatory Affairs received the CFTC’s “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets” proposal on Sept. 17. The filing was still at the prerule stage when Bitplanet published its report, and its substance had not been made public.

Advertisement

The SEC moved separately after the Senate vote. On Sept. 17, the regulator introduced a five year Innovation Exemption covering qualifying tokenized stock trading platforms and liquidity providers.

Under the five year SEC exemption, eligible tokenized securities venues can facilitate trading in tokenized National Market System stocks through permissioned automated market makers and liquidity pools, subject to conditions covering shareholder rights, trading limits and smart contract transparency.

Bitcoin could have a role in those markets. Bitplanet said trading pairs that exchange eligible tokenized stocks directly against non security crypto assets such as BTC can fall within the exemption. The measure does not change Bitcoin’s classification or give the CFTC authority over the entire spot market.

Congress could still revisit the CLARITY Act. Sen. Thom Tillis voted against the Sept. 15 cloture motion in a way that allowed him to file a motion to reconsider and formally requested reconsideration immediately after the vote. Any second cloture attempt would still require 60 votes to advance.

Advertisement



Source link

Continue Reading

Crypto World

XRP Ledger delegation upgrade could go live Oct. 5, will XRP benefit?

Published

on

XRP Ledger deploys bug fixes after security probe uncovers flaws

XRP Ledger has moved PermissionDelegationV1_1 into its 14 day activation period after 29 of the network’s 35 trusted validators backed the account permission upgrade.

Summary

  • PermissionDelegationV1_1 could activate on Oct. 5 if validator support remains above the required 80% threshold.
  • The upgrade lets XRPL accounts delegate specific permissions without giving another account full control over their keys.
  • Permission Delegation does not directly change XRP supply or tokenomics, making any price impact dependent largely on adoption and network activity.

According to the live XRP Ledger amendment dashboard, the countdown began on Sept. 21 and could put PermissionDelegationV1_1 into effect on Oct. 5 at 11:18 UTC if validator support remains above the required threshold throughout the period.

At least 28 of the 35 trusted validators must continue supporting the amendment. If backing falls below that level before the countdown ends, the activation timer will reset.

Advertisement

PermissionDelegationV1_1 splits XRP Ledger account authority

PermissionDelegationV1_1 changes how an XRP Ledger account can give another account authority to perform specific tasks.

Under the current account structure, businesses that need different systems or employees to carry out operations can face the problem of giving an operational account more authority than it actually needs. Permission Delegation is designed to separate those responsibilities.

An account could, for example, authorize another account to make payments without giving it permission to change the primary account’s keys. A stablecoin issuer could keep its main keys offline while giving an internet connected compliance system permission to approve customers to hold its token.

Each delegated account can receive up to 10 permissions, while the account granting the authority retains the ability to change or revoke them.

Advertisement

The arrangement resembles the separation of responsibilities commonly used by financial institutions, where payment, compliance and administrative functions do not necessarily share the same level of access.

PermissionDelegationV1_1 forms part of a larger group of amendments introduced through xrpld 3.3.0. The release included BatchV1_1, ConfidentialTransfer, DynamicMPT and Sponsor alongside Permission Delegation, with several of the features geared toward institutional transactions and token issuance.

Sponsor would allow another entity to cover transaction fees and reserve requirements for users without controlling their accounts. DynamicMPT gives issuers more flexibility over selected Multi Purpose Token properties, while ConfidentialTransfer is designed to conceal MPT balances and payment amounts from public view while retaining access mechanisms for authorized parties.

Advertisement

Crypto.news previously reported that ConfidentialTransfer targets institutional use cases where companies may need transaction privacy while still providing information to auditors and other authorized parties.

Permission Delegation returns after an earlier security flaw

PermissionDelegationV1_1 is the second attempt to bring delegated account permissions to the XRP Ledger.

The original amendment was stopped before reaching the main network after a community tester reported a vulnerability on Sept. 15, 2025.

Under the affected implementation, the software checked whether an account had permission to perform a transaction before properly verifying its signature. Certain rejected transactions could still incur a fee.

Advertisement

An attacker could therefore have submitted unauthorized transactions carrying deliberately high fees and caused another account to pay them even though the transactions were not properly signed. Repeating the process could have depleted the victim’s available XRP balance.

Validators were advised not to support the amendment after the vulnerability was discovered, preventing the affected version from activating on mainnet.

The replacement was included in xrpld 3.3.0 with changes to how unauthorized transactions are handled. Signature verification now takes place before the type of failure that could charge the targeted account.

Permission Delegation is not the only feature from the release to return after security work. BatchV1_1 replaced an earlier Batch implementation after developers found a separate critical signing vulnerability. The revised Batch upgrade has moved through validator voting after fixes and further review.

Advertisement

Could PermissionDelegationV1_1 affect XRP price?

PermissionDelegationV1_1 does not directly change XRP’s supply, issuance schedule or token economics, leaving no mechanical reason for its activation alone to create substantial new demand for XRP.

The amendment deals with account permissions instead of the XRP token itself. Institutions using delegated accounts would still use XRP for the ledger’s normal fees and reserve requirements, but the feature does not require them to buy or hold large amounts of XRP simply to use delegated permissions.

Recent developments on the network show why the distinction between XRPL adoption and XRP demand matters.

A previous analysis of Ripple Prime’s XRP exposure found that even substantial institutional activity inside Ripple’s ecosystem does not automatically translate into equivalent XRP demand. Stablecoins and other issued assets can handle much of the underlying value transfer while XRP retains roles including transaction fees, reserves and some routing functions.

Advertisement

A similar structure applies to Permission Delegation. Stablecoin issuers, tokenized asset providers and other businesses could use the feature without making XRP the asset being transferred.

The possible price connection instead depends on whether the upgrade helps bring more activity to the XRP Ledger over time.

Institutional issuers that want to keep high authority keys offline could use delegated accounts for recurring payments or compliance tasks. If those capabilities contribute to more businesses issuing assets and processing transactions on XRPL, the resulting activity would create more use of the network, where XRP remains the native asset used for fees and reserves.

Evidence so far suggests that network growth and XRP price do not always move together. RLUSD and tokenized assets have expanded on XRPL while XRP has experienced periods of price weakness, showing that rising ledger activity does not necessarily produce immediate buying pressure for the token.

Advertisement

A June institutional test involving JPMorgan, Mastercard, Ondo Finance and Ripple provided another example. The tokenized Treasury redemption used the XRP Ledger, but XRP was not the asset being redeemed. Its direct role remained tied to the underlying network infrastructure.

PermissionDelegationV1_1 could therefore provide another piece of infrastructure for institutional users without becoming a major standalone XRP price catalyst.

A market reaction around activation remains possible because traders can respond to network upgrades and expectations surrounding adoption. Any sustained price effect, however, would depend on subsequent use of the feature and other market factors instead of the amendment simply switching on.

XRP Ledger is building more tools for institutional transactions

Permission Delegation is moving toward activation while several other XRP Ledger features remain at different stages of the amendment process.

Advertisement

BatchV1_1 is designed to bundle multiple operations into a coordinated transaction, allowing every included action to succeed or fail together. Such a structure can support settlement processes where an asset and its payment need to change hands at the same time.

ConfidentialTransfer would give Multi Purpose Token issuers the option to conceal balances and transfer amounts while leaving accounts visible. Authorized parties could still receive information needed for compliance under the proposed design.

XRPL developers have continued work beyond the 3.3.0 release. Version 3.4.0, released on Sept. 16, introduced revisions to proposed lending functions alongside another package of protocol fixes.

The lending framework remains subject to the network’s amendment process, with validator approval required before the proposed functions can become active on mainnet.

Advertisement



Source link

Continue Reading

Crypto World

NEAR price outlook strengthens as Hyperliquid adds spot market

Published

on

NEAR price outlook strengthens as Hyperliquid adds spot market - 1

NEAR Protocol has gained a new trading catalyst after its native token was deployed on Hyperliquid’s spot market, opening NEAR/USDC trading alongside an already active perpetual futures market.

Summary

  • NEAR spot trading has gone live on Hyperliquid, giving users direct access to NEAR/USDC alongside the platform’s existing perpetual market.
  • NEAR perpetual open interest on Hyperliquid stood near $344 million as the token traded above $4 following a strong weekly rally.
  • Positive funding showed long positions were paying shorts, while new spot activity could provide a clearer picture of demand beyond leveraged trading.
  • NEAR’s rally has coincided with growth in Confidential Intents and several recent integrations across its ecosystem.

According to NEAR Protocol’s Sept. 23 announcement, users can now trade NEAR against USDC on Hyperliquid, although the token will take several more days to appear on the platform’s Strict List under its normal deployment process.

NEAR traded near $4.33 following the launch, close to its recent 52 week high of $4.46. The token has risen strongly over the past week after changing hands near $3 in mid September, with several network developments arriving during the rally.

Advertisement

Spot access on Hyperliquid adds another market for direct NEAR purchases at a time when derivatives traders already have substantial exposure to the token. Hyperliquid data compiled by HyperAcademy showed NEAR perpetual open interest at roughly $344.2 million early on Sept. 23, while 24 hour volume stood near $269.1 million.

Funding was positive at 0.0017% per hour during the same snapshot, indicating that long positions were paying shorts. Hyperliquid allows up to 10 times leverage on its NEAR perpetual contract.

NEAR price rally meets heavy derivatives activity

NEAR’s move onto Hyperliquid spot comes after the token recorded one of its strongest weekly runs this year.

On Sept. 17, NEAR traded near $3.05 after gaining 20.8% in 24 hours, leading gains among several large AI linked crypto assets. The token has since moved above $4, putting it roughly 40% above the Sept. 17 level.

Advertisement

Derivatives activity has grown alongside the rally. NEAR perpetuals ranked among Hyperliquid’s most heavily traded markets on Sept. 23, with roughly $248 million in 24 hour volume in a later market snapshot.

Spot trading creates a separate route for Hyperliquid users who want to hold NEAR without taking leveraged perpetual positions. It gives market makers access to NEAR spot and perpetual markets on the same platform, where positions can be hedged between the two markets.

Price action following the deployment will provide more data on whether spot demand can keep pace with the derivatives activity already surrounding NEAR. Open interest remains particularly important after the recent rally because a large leveraged market can produce heavier liquidations when price moves quickly in either direction.

Advertisement

Positive funding shows that traders were paying to maintain long exposure at the latest reading. A continued rise in open interest accompanied by heavily positive funding could leave leveraged long positions more exposed during a price reversal, while stronger spot volume would show that trading activity is not confined to perpetual contracts.

NEAR Confidential Intents activity has grown

The Hyperliquid deployment follows several developments around NEAR’s cross chain infrastructure.

NEAR’s confidential total value locked crossed $70 million on Sept. 17, automatically triggering the first snapshot under its incentive program, crypto.news previously reported.

The snapshot set aside 333,333 milestone tokens for eligible users. Participants must maintain more than $100 in confidential balances and have an active swap history, while individual wallets are limited to 2% of the distribution.

Advertisement

Rewards from the first snapshot remain locked until NEAR’s three day volume weighted average price reaches at least $3.33. NEAR has since moved above that price threshold.

Confidential Intents routes transactions through a private NEAR shard and supports execution across more than 30 connected blockchains. NEAR said the system is designed to prevent transactions from appearing in public mempools, limiting exposure to front running, strategy leakage and other forms of maximal extractable value.

Activity connected to NEAR Intents has continued elsewhere in the ecosystem. Aurora Labs said its solver network has routed more than $30 billion after adding Sui as a destination for one signature cross chain transactions.

NEAR Intents solvers were later used to convert assets during a Zcash NFT auction, where more than $19 million passed through Aurora Intents across 1,718 swaps.

Advertisement

Hyperliquid spot listing follows another NEAR integration

NEAR’s latest Hyperliquid deployment comes as the platform handles billions of dollars in daily derivatives trading.

Hyperliquid generated $429.04 million in revenue between Jan. 1 and Sept. 15, giving it 12.62% of the $3.40 billion revenue pool in CoinGecko’s adjusted comparison of crypto projects. The platform finished more than $106 million ahead of Pump.fun at the Sept. 15 cutoff.

Trading activity has remained concentrated in perpetual futures. Data cited in September showed Hyperliquid recording nearly $237 billion in perpetual trading volume over a 30 day period as more companies began using its infrastructure.

The platform has continued adding trading functions during the same period. Trailing stop orders became available for perpetual markets on Sept. 21, allowing traders to set triggers that follow favorable movements in the mark price before executing a market order after a chosen retracement.

Advertisement

For NEAR, spot deployment now places direct token trading beside the leveraged market that has already accumulated more than $300 million in open positions.

NEAR ecosystem adds tokenized stocks through Ondo

Another NEAR integration arrived one day before the Hyperliquid spot deployment.

NEAR partnered with Ondo Finance to add 20 tokenized assets through near.com and NEAR Intents. The initial selection includes tokenized exposure to Tesla, Nvidia, Apple, Microsoft and Amazon, along with products tied to QQQ, silver and gold.

Eligible users can route supported crypto assets from more than 30 connected blockchains into Ondo Stocks through NEAR Intents without opening a separate brokerage account. Bitcoin and USDC are among the assets that can be used to fund purchases.

Advertisement

Access remains subject to Ondo’s securities restrictions, with U.S. persons excluded from the product. Ondo said the tokenized assets are issued through its Global Markets infrastructure, while NEAR Intents handles the cross chain routing used to reach them.



Source link

Advertisement
Continue Reading

Crypto World

Bitcoin Just Broke Its Correlation With Gold, Stocks, and the Dollar: What Changed?

Published

on

🚨

Bitcoin’s relationship with traditional markets has changed sharply in a matter of weeks, with Santiment data showing that its correlations with stocks, the greenback, and even gold have all weakened.

The part with gold is particularly interesting, as both assets recently moved at the same pace, but BTC now appears to be trading far more independently of all major comparison alternatives.

BTC Breaks Away

Santiment’s analysis highlighted the breakdown in bitcoin’s correlations with major assets, including the precious metal and US equities, indicating that the cryptocurrency is no longer moving closely alongside any of them. This major change materialized over the past several days, after BTC rebounded from the dip to $75,000 following the failure of the CLARITY Act vote and surged to a multi-month peak of over $87,000.

The shift is quite striking because the opposite narrative, especially when compared to gold, dominated only a few weeks ago. As reported in early September, BTC’s 90-day correlation with the precious metal had climbed above 0.50 for the first time in approximately six years. The relationship with the Nasdaq 100, though, had dropped toward the 0.30-0.33 range, prompting suggestions that investors were treating bitcoin less like a high-beta tech asset and more like a scarce monetary hedger.

Advertisement

That interpretation made a lot of sense at the time since BTC and gold both benefited and rallied from renewed concerns over government debt, deficits, and currency debasement, while equities struggled to keep pace. However, that relationship has proved far less durable than it initially appeared, as gold has remained at essentially the same levels, while bitcoin has posted major gains.

Independent Trade?

The reversal speed is arguably more significant than the absolute correlation numbers, as BTC’s strengthening relationship with gold was one of the market’s more notable macro developments just three weeks ago. The data from this week, though, complicates that narrative, as bitcoin has continued advancing even as the precious metal has pulled back from recent highs. At the same time, US stocks have followed their separate trajectory.

The cryptocurrency also absorbed both major negative developments from last week – the Fed’s hike and the CLARITY Act setback, before it rose above $87,000.

Advertisement

None of this means that BTC has permanently decoupled from macro markets. Its historical correlations have repeatedly shifted depending on liquidity, monetary policy, and investor positioning, but the data now shows that it doesn’t move like digital gold, a leveraged tech stock, or an anti-dollar trade; BTC moves on its own.

The post Bitcoin Just Broke Its Correlation With Gold, Stocks, and the Dollar: What Changed? appeared first on CryptoPotato.




Source link

Advertisement
Continue Reading

Crypto World

Binance to rename Funding Account as Stocks Account

Published

on

Binance reassures EU users as MiCA service changes begin

Binance has set Sept. 29 as the start of a phased migration that will move non-stock crypto assets from Funding Accounts into Spot Accounts before the Funding Account becomes a dedicated Stocks Account in January 2027.

Summary

  • Binance will begin moving non-stock crypto from Funding Accounts to Spot Accounts on September 29.
  • Six settlement assets will remain available for stock and stock-options trading through the renamed account.
  • Binance will automatically migrate remaining eligible balances in batches beginning January 2027 without manual action.
  • P2P advertisers will receive dedicated accounts in December before unmigrated advertisements close after January 2027.
  • Direct stock trading on Binance already offers eligible users more than 7,000 U.S. securities globally.

Binance said the migration will continue through January, with individual batches and the exact account-renaming date to be announced later. The Stocks Account will be reserved for U.S. equities, stock options and six settlement assets: USD, USDC, USDT, USD1, U and BNB.

Users do not need to complete the transfer manually. Binance plans to add a One-Click Migration feature for customers who want to move supported balances earlier, while remaining non-stock assets will transfer automatically in batches starting in January. The company says aggregate balances and historical transaction records will remain intact.

Advertisement

Binance Stocks Account will separate equities from crypto

From Sept. 29, the Funding Account will stop accepting on-chain deposits as Binance starts separating stock settlement from its regular cryptocurrency wallet structure. Non-stock crypto deposits and withdrawals will run through Spot Accounts.

The six settlement assets will remain transferable internally between Spot and the future Stocks Account. Binance’s FAQ states that direct on-chain deposits and withdrawals will not be available from the Stocks Account, including for those six assets. A user who wants to withdraw USDT, USDC, BNB or another supported settlement asset must first transfer it internally to Spot.

The account will retain direct U.S. equities and stock options because Binance says securities settlement must occur through a dedicated account. Other crypto assets will be consolidated in Spot, which the exchange says is intended to remove overlap between its current Funding and Spot structures.

A separate distinction applies to bStocks. Binance’s tokenized securities will not remain inside the Stocks Account even though their prices track equities. Existing bStock balances held in Funding Accounts can move through One-Click Migration and will otherwise transfer automatically to Spot beginning in January. Newly converted bStocks will go directly to Spot.

As previously reported, Binance launched tokenized U.S. equities with 24/7 bStocks trading in June. Those products are backed by underlying securities but differ from direct stocks because bStocks are blockchain-based tokens and do not give holders direct shareholder rights.

Advertisement

Sept. 29 changes affect Pay, Convert and Binance Alpha

The migration reaches several services that have historically relied on Funding Accounts.

Beginning Sept. 29, assets received through Binance Pay, Binance Card and Gift Card will be credited to Spot Accounts. Funding balances can temporarily remain payment sources for Pay, but Binance plans to remove Funding before the Stocks Account rename.

Once Funding disappears as a Pay source, recurring send plans funded solely from that account will stop executing. Users relying on those plans will need to select another payment source. Binance has not disclosed the exact date when Funding will stop supporting Pay deductions.

Convert orders receive a similar account change without canceling open trades. Existing limit orders with assets frozen in Funding will stay open, but orders that settle or expire after Sept. 29 will return funds to Spot. New limit orders created from that date will freeze and settle funds solely in Spot.

Advertisement

Recurring Convert orders will settle into Spot or Earn according to the user’s configuration, while failed-order refunds will return to Spot. Binance recommends changing account selections from Funding to Spot where required for existing recurring plans.

For Binance Alpha 2.0, stablecoins used in limit-order purchases and sales will move through Alpha Accounts from Sept. 29. Liquidity-provider rebates for the Alpha limit-order program will be credited there as well. Binance says Alpha users do not need to create a separate account because the Alpha Account already forms part of its account structure.

API users face a technical adjustment. Binance advises integrations that currently reference Funding Accounts to change their account reference to Spot as settlement activity moves away from Funding.

P2P advertisers get a separate account in December

P2P activity will move in stages because advertisers still rely on Funding Accounts for posted advertisements and merchant deposits.

Advertisement

From Sept. 29, normal P2P users who have no advertisement history during the previous three months or do not have merchant status will use Spot as the default source for buy and sell orders after updating the Binance app.

Advertisers will continue using Funding for maker orders, taker orders, advertisements and related deposits until December. Binance then plans to introduce a dedicated P2P Account and guide advertisers through moving assets connected with their listings.

Existing advertisements can remain active during the transition, and Binance says their original update times will be preserved so the migration does not alter ranking information in the P2P marketplace. New advertisers joining after the dedicated P2P Account arrives will be directed into the new structure.

After January 2027, Binance says P2P advertisements that have not moved into the dedicated account will be closed automatically. The exchange warns that P2P activity may be interrupted for app users who fail to update to a version supporting the new account structure.

Advertisement

Stocks Account follows Binance’s equity expansion

The account change comes after Binance spent several months expanding from crypto trading into direct equities and securities-linked products.

On June 1, the exchange launched direct access to more than 7,000 U.S.-listed stocks and ETFs for eligible users. Binance says customers directly own fractional shares held through regulated brokerage infrastructure, with purchases starting from $5. Product access remains subject to regional restrictions.

One month later, Binance reported that users held more than $1 billion in U.S. equities through Direct Stocks and had generated close to $3 billion in cumulative trading volume. Around 73% of users came from emerging markets, according to company data.

In related coverage, Binance’s Direct Stocks product crossed $1 billion in holdings within 30 days after its June launch. The product gives eligible customers direct securities exposure, unlike bStocks or equity-linked perpetual contracts.

Advertisement

Binance expanded the securities lineup on Sept. 1 when it launched physically settled options on selected U.S.-listed stocks and ETFs. Users can buy calls or puts, while the initial version does not permit customers to write options. Exercised contracts settle into the underlying shares.

As crypto.news previously reported, Binance introduced U.S. stock and ETF options for eligible users as part of its TradFi product lineup. Stock options and direct equities will remain in the future Stocks Account, while bStocks stay within Spot after the migration.

Binance later launched an ETF wealth-management offering with 11 U.S.-listed funds. In related coverage, the 11-ETF product focused largely on Treasury and investment-grade bond funds, with actual ETF shares held through brokerage infrastructure.

The Funding Account name will remain visible during the transition and in historical records. Binance says the formal Stocks Account rename will occur sometime in January 2027, but the exact date has not yet been published.

Advertisement

Users with older mobile-app versions will not see the One-Click Migration tool. Binance says their remaining balances will still move automatically once backend migration batches begin, while users wanting to transfer assets earlier should update to the latest iOS or Android application.




Source link

Advertisement
Continue Reading

Crypto World

Coinbase users can now borrow USDC against bitcoin at a fixed rate

Published

on

Coinbase users can now borrow USDC against bitcoin at a fixed rate

Nasdaq-listed exchange Coinbase now allows its users to borrow dollar-pegged stablecoin USDC agains their bitcoin holdings with no surprises on what they’ll pay in interest.

The exchange has rolled out fixed-rate, bitcoin-backed USDC loans, with the interest rate and repayment date set at the time of borrowing, an alternative to the floating-rate loans Coinbase already offers.

“The move takes onchain borrowing beyond the predominantly variable-rate model, giving users greater certainty over the cost and duration of their borrowing,” according to an announcement on Tuesday.

The fixed-rate offering runs on Morpho Midnight, a decentralized, non-custodial lending protocol for fixed-rate and fixed-term crypto loans launched in July this year. It settles transactions on Coinbase’s Ethereum layer 2 network Base.

Advertisement

It marks a meaningful shift from how Coinbase’s lending has worked until now. It’s existing loans run on the Morpho Blue protocol, where rates change, determined by demand and supply conditions and can climb when borrowing demand spikes. The new fixed-rate option sits alongside this floating one, which has more than $1.4 billion in active loans backed by nearly $3 billion of collateral.



Source link

Continue Reading

Crypto World

Hyperliquid open interest reaches record $18 billion: What’s driving activity?

Published

on

can HYPE hit $100 in 2026?

Hyperliquid’s open interest has topped $18 billion for the first time, reaching a record as trading activity continues across its crypto and non crypto perpetual markets.

Summary

  • Hyperliquid open interest topped $18 billion for the first time, beating the previous record of $16.36 billion reached on Sept. 19.
  • Open interest stood above $13 billion at the end of August, putting roughly $5 billion more in outstanding positions on the platform within weeks.
  • Bitcoin, Ether and HYPE accounted for roughly $9.33 billion in open interest, while HIP 3 markets continued to draw activity across stocks, commodities and indices.
  • HIP 3 markets have brought perpetual contracts tied to assets such as the S&P 500, gold, crude oil and private companies to Hyperliquid.

According to Lookonchain, official Hyperliquid data showed open interest at $18 billion on Sept. 23, above the previous record of $16.36 billion reached on Sept. 19.

The figure represents bilateral open interest, meaning it counts the combined value of long and short positions on the platform. Open interest tracks derivatives positions that remain active and have not yet been closed or settled.

Advertisement

Hyperliquid’s latest reading puts open interest roughly $1.64 billion above the record set four days earlier. The Sept. 19 level had already passed the previous high recorded on Sept. 18, 2025.

Open interest has moved considerably higher over the past few weeks. DefiLlama Research placed the figure at more than $13 billion on Aug. 31, when Hyperliquid was processing roughly $220 billion in perpetual trading volume per month.

The latest $18 billion reading means outstanding positions have grown by close to $5 billion from the level reported at the end of August.

Hyperliquid open interest reaches $18 billion

Hyperliquid has spent the past year building beyond its core cryptocurrency perpetual markets, with stocks, commodities, indices, private companies and event contracts now available through its trading infrastructure.

Advertisement

HIP 3 has played a central role in that expansion since its launch in October 2025. The framework lets third party developers stake HYPE and deploy perpetual markets on Hyperliquid.

Markets launched through HIP 3 now cover assets ranging from U.S. equities and stock indices to gold and crude oil. Private companies, including SpaceX, have been represented through pre IPO perpetual contracts.

By early September, cumulative trading volume across HIP 3 markets had passed $548 billion, according to data cited by Lookonchain.

Advertisement

HIP 3 markets accounted for roughly 30% of Hyperliquid’s total trading volume during the preceding 30 days.

Current market data shows crypto perpetuals still hold some of the largest positions on the platform. HyperIntel data from Sept. 23 put Bitcoin open interest at roughly $4.05 billion, followed by Ether at $3.18 billion and HYPE at $2.10 billion.

Zcash carried around $858.6 million in open interest, while Solana stood at approximately $763.7 million.

Non crypto markets have built sizeable positions as well. An S&P 500 linked perpetual had roughly $418.9 million in open interest, while gold stood near $301.7 million.

Advertisement

HIP 3 markets have become a larger part of Hyperliquid

HIP 3 lets deployers create perpetual markets while using Hyperliquid’s HyperCore infrastructure for trading and margining.

Deployers determine several parts of their markets, including the oracle used to provide prices and parameters such as leverage. HYPE must be staked to deploy a market on mainnet.

Activity through the framework has grown alongside demand for perpetual contracts tied to assets outside the crypto market.

As previously covered by crypto.news, TradeXYZ trading volume reached $202.36 billion during the second quarter, up from $112.93 billion during the previous three months.

Advertisement

Open interest on TradeXYZ stood at $2.96 billion at the end of the quarter, while equity perpetual volume reached $58.9 billion across 55 markets.

Hyperliquid later expanded HIP 3 with permissioned markets on testnet, allowing deployers to limit access through onchain allowlists.

Permissioning remains optional, leaving existing permissionless HIP 3 markets unchanged.

Hyperliquid has moved into event contracts

Hyperliquid has taken a similar approach to prediction markets through HIP 4, which was introduced in May.

Advertisement

HIP 4 added event contracts to the platform, allowing markets based on outcomes instead of the price of an underlying asset.

Third party deployment of HIP 4 markets was opened at the end of August, expanding the framework beyond markets launched directly through Hyperliquid.

The platform has rolled out other trading products during the same period. Native lending lets users borrow USDC and USDT against supported collateral, while recent changes have brought more order types to its perpetual markets.

Hyperliquid launched trailing stops across perpetual markets on Sept. 21. The order type lets traders set a percentage distance from the best price reached after an order is activated.

Advertisement

For long positions, the trigger follows the highest mark price reached after activation. Short positions track the lowest mark price before the order is triggered.

Plans are underway to use HIP 3 for regulated U.S. markets as well.

Payward, Kraken’s parent company, announced this month that Bitnomial would deploy and administer proposed Hyperliquid perpetual markets for eligible U.S. clients, subject to regulatory approval.

Under the planned U.S. structure, Bitnomial Exchange would operate as the HIP 3 deployer, while Bitnomial Clearinghouse would handle clearing and settlement. NinjaTrader Clearing would carry approved customer accounts.

Advertisement

Access would be provided through permissioned HIP 3 markets, with the proposed structure designed to operate under U.S. derivatives rules.



Source link

Advertisement
Continue Reading

Crypto World

XRP Ledger retries upgrade that lets banks split payment and compliance duties

Published

on

XRP Ledger retries upgrade that lets banks split payment and compliance duties

An XRP Ledger account could soon let another account make payments or approve customers on its behalf without handing over the keys that control everything else.

The feature, called PermissionDelegationV1_1, entered a 14-day activation countdown on Sept. 21 after 29 of the network’s 35 trusted validators backed it. It could go live on Oct. 5 at 11:18 UTC if support remains at or above 80% throughout the period, according to the live amendment dashboard.

At least 28 validators must continue supporting it. Any drop below that level resets the clock.

The upgrade lets an account divide its authority by job. A stablecoin issuer could allow an internet-connected compliance system to approve customer accounts to hold its token while keeping the keys with full control offline.

Advertisement

A separate operations account could receive permission to make payments without gaining the power to change those keys or grant authority to somebody else. Each delegate can receive as many as 10 permissions, which the main account can later change or revoke, according to XRPL documentation.

PermissionDelegationV1_1 is the network’s second attempt at introducing the feature.



Source link

Advertisement
Continue Reading

Crypto World

Bitcoin ETF Net Inflows Top $1.7B as Assets Reach $111B

Published

on

Bitcoin ETFs take in $1.7B in 2 days as BTC tops holder cost basis

Bitcoin ETFs take in $1.7B in 2 days as BTC tops holder cost basis

US spot Bitcoin ETFs recorded more than $1.7 billion in net inflows over two days as Bitcoin rose above investors’ estimated average cost basis.



Source link

Continue Reading

Crypto World

Solana Alpenglow testnet: What does the 150ms finality upgrade change?

Published

on

Solana cuts slot time to 350ms for first time since network launch

Solana has moved its Alpenglow consensus upgrade toward public testnet deployment as developers prepare to test a design intended to cut transaction finality from roughly 13 seconds to around 150 milliseconds.

Summary

  • Solana’s Alpenglow upgrade is moving to public testnet with a target of cutting transaction finality from roughly 13 seconds to around 150 milliseconds.
  • Alpenglow replaces TowerBFT with Votor, allowing validators to reach agreement through one or two direct voting rounds.
  • Agave 4.3 is required for the test, while Firedancer and Frankendancer do not yet support Alpenglow.
  • Sept. 28 is listed for tentative Agave 4.3 feature activation on mainnet, but it is not a confirmed Alpenglow launch date.

According to github, the testnet stage will let developers test the migration across Solana’s established testing environment before the consensus system can be considered for the main network.

Finality refers to the point when a transaction becomes irreversible under the network’s consensus rules. Exchanges typically wait for finality before crediting deposits, while blockchain bridges use it before releasing assets on another network.

Advertisement

Solana currently relies on TowerBFT for consensus, with validators recording votes onchain and accumulating enough votes across 32 slots before a block reaches finality. Alpenglow replaces that process with a protocol called Votor, which lets validators exchange votes directly.

Under the new design, validators can reach agreement after one or two voting rounds. The change removes the longer sequence of onchain consensus votes required under TowerBFT while leaving transaction execution largely unchanged for applications and users.

Solana Alpenglow moves into public testnet

Alpenglow has already spent more than four months operating on a smaller community cluster created specifically to test the consensus system. Moving the upgrade into Solana’s established public testnet exposes it to a larger group of validators, infrastructure providers and services already connected to the network.

The public testnet uses tokens without monetary value, allowing developers to restart the network, test migration procedures and investigate problems without putting mainnet funds at risk.

Advertisement

Anza first moved Alpenglow into community validator testing in May, describing the upgrade as the largest consensus change in Solana’s history. As crypto.news previously reported, the community cluster allowed validator operators to test the new consensus design before deployment across Solana’s existing test infrastructure.

Votor is designed to reach finality through one of two voting paths depending on validator participation. Earlier specifications indicated that a block could settle after one round when enough stake participates, while a second round provides another route to finality under lower participation.

The expected result is a sharp reduction from Solana’s existing finality time. Anza has estimated median finality at around 150 milliseconds, with earlier simulations putting it as low as 100 milliseconds under favorable conditions.

Advertisement

Developers have not changed how applications execute transactions as part of the upgrade. Wallet users will continue sending transactions through the same interfaces, while the main changes take place in how validators communicate and agree on the permanent state of the blockchain.

Agave 4.3 carries the Alpenglow code

Validators participating in the Alpenglow test need to run Agave 4.3, the latest branch of the main validator software maintained by Anza.

Anza recommended Agave 4.3 for general adoption among mainnet validators on Sept. 21. The rollout had previously moved through controlled stages, first asking operators responsible for 10% of mainnet stake to upgrade before expanding the recommendation to 25%.

Alpenglow development has been tied to Agave releases for months. In August, the 150 millisecond finality target was expected to arrive through Agave 4.3 after the underlying Alpenglow code had already been included for testing in the previous software branch.

Advertisement

The Sept. 28 date listed in Anza’s Agave 4.3 schedule refers to the tentative resumption of mainnet feature activation. Anza states that its release dates are subject to change, while its feature gate tracker still listed the Alpenglow testnet activation as pending early Wednesday.

Sept. 28 therefore does not represent a confirmed date for Alpenglow to begin operating on Solana mainnet.

The distinction comes as several Solana performance upgrades have been moving through separate activation schedules. Transaction finality, slot production and transaction capacity are controlled by different network changes even though each can affect how quickly applications interact with Solana.

Solana has already reduced slot times to 250ms

Solana recently cut its target slot time from 300 milliseconds to 250 milliseconds under SIMD-0525, bringing the network to a target of four slots per second.

Advertisement

The 250 millisecond slot upgrade reduced each validator’s four slot leader window from 1.2 seconds to one second. Network processing limits were adjusted alongside the shorter slots, meaning the change did not raise overall processing capacity by the same proportion.

A final stage under SIMD-0525 targets 200 millisecond slots, which would bring the network to five targeted slots per second. Developers have not set a confirmed mainnet activation date for that stage.

Slot time and finality measure different parts of the network. Slot time determines how frequently Solana can produce new slots, while Alpenglow changes how validators reach agreement that a block is irreversible.

Solana began the current sequence of slot reductions in August, when its target fell to 350 milliseconds from the 400 millisecond setting used since the network launched. SIMD-0525 laid out successive targets of 350, 300, 250 and eventually 200 milliseconds.

Advertisement

Alpenglow follows a separate path through SIMD-0326 and replaces TowerBFT with Votor instead of modifying the duration of individual slots.

Firedancer remains outside the first Alpenglow test

Firedancer and Frankendancer, validator clients developed by Jump Crypto, do not currently support the Alpenglow test, leaving the initial migration dependent on Agave.

Client diversity gives Solana validators different software implementations for participating in the same network. If separate clients are available, a software fault affecting one implementation does not necessarily affect every validator.

Firedancer began producing mainnet blocks earlier this year after years of development by Jump Crypto. The team initially recommended a gradual rollout while security audits continued, with the independently built client intended to reduce reliance on Solana’s existing validator implementations.

Advertisement

Frankendancer serves as a hybrid implementation that combines components from Firedancer with existing Solana software. Neither implementation is listed as supporting the pending SIMD-0326 Alpenglow feature on Anza’s current feature gate tracker.

Agave 4.3 is therefore the supported client for the first public testnet migration. Anza’s tracker lists Alpenglow as a pending testnet activation under SIMD-0326, while support fields for Firedancer and Frankendancer remain marked as unavailable.



Source link

Advertisement
Continue Reading

Trending

Copyright © 2025