ChatGPT AI Predicts ADA Levels as Open Interest Jumps 25%

ChatGPT AI predicts ADA pushes toward $0.30 but faces a harder test there, because the leverage driving this move cuts in both directions. Whales made 413 large transactions on Cardano yesterday.  Social chatter barely moved. That gap is the most interesting thing about this rally. Open interest jumped roughly 25% to $304 million between October 3 and 5, while the crowd stayed quiet.  ADA trades at $0.2772, up 1.9% over 24 hours and 11.1% over seven days. Market cap sits at $10.41 billion with $836.6 million in volume.  $ADA CARDANO BULLISH FOR THE FIRST TIME SINCE Q4 2025  -80% from the last cycle highs  -91% from 2021 highs  BULLISH!!!!!  Even if it doesnt go to new highs there is big profit potential here pic.twitter.com/Cbdjpdj2Eg  — Ivan on Tech ???????????? Head Trader @ Bullmania (@IvanOnTech) October 5, 2026  Put Your Money Where Your Mouth is On PolymarketIs This New Money or Short Covering?  Was $ADAs rally really a short squeeze?  Some coverage said so, pointing to falling open interest. Santiments daily closes show the opposite.  ???? $ADA rose ~10% from Oct 3 to Oct 5.  ???? Open interest rose ~25% over the same two days, to $304M, its highest daily close since at… pic.twitter.com/v2G8Dyko2O  — Santiment Intelligence (@SantimentData) October 6, 2026  New money, and the data

2 دن پہلےانڈسٹری

Polymarket overhauls smart contracts with new Protocol V2 rollout

Prediction market platform Polymarket is rebuilding its smart contract infrastructure, laying the groundwork for new market features and potential expansion beyond Polygon.  Polymarket began rolling out Protocol V2 on Monday, introducing a new smart contract system designed to support different market types through a single exchange, according to an X post by Rajath Alex, the companys head of protocol.  The platform is testing the system on a limited number of live markets through Oct. 30, with a tentative Nov. 2 target for switching new markets to V2.  The overhaul replaces infrastructure based on code developed in 2019 that requires additional contracts to support new market types.  New protocol uses pUSD as sole collateral token  Protocol V2 uses Polymarket USD (pUSD) as its sole collateral token, alongside a single contract for position tokens and one exchange supporting different market types.  Introduced as part of an exchange upgrade in April 2026, pUSD is a collateral token backed 1:1 by Circles dollar-pegged stablecoin, USDC.  The new protocol is designed to support transferring positions, collateral and market outcome data between blockchains, although Polymarket has not announced when cross-chain functionality will launch or which networks it will support.  Related: Vitalik Buterin says Hegotá could be Ethereum‘s last ’normal fork  Polymarket currently operates its prediction

2 دن پہلےانڈسٹری

Winklevoss Twins File for Zcash ETF 13 Years After Historic Bitcoin ETF Bid

The Winklevoss twins are planning to introduce an ETF that will directly allow investors to gain exposure to the privacy-focused cryptocurrency Zcash (ZEC).  The Winklevoss Zcash ETF has been registered via Form S-1, which was submitted to the U.S. Securities and Exchange Commission on Tuesday.  Per the filing, the new product is called the Winklevoss Zcash ETF. Winklevoss Asset Services, LLC is listed as the sponsor of the new ETF.  The Winklevoss brothers were notably behind the first spot Bitcoin ETF filing, which happened over 13 years ago.  Their initial filing for a Winklevoss Bitcoin Trust was submitted to the SEC on July 1, 2013. At that time, spot cryptocurrency ETFs were a completely new concept.  How the Winklevoss Zcash ETF will work  The summary of the prospectus explains that the Winklevoss Zcash ETF is intended to be a passive investment instrument with the goal of owning ZEC directly and offering exposure to Zcashs price movements.  The fund will not attempt to produce any returns other than those that follow from the cryptocurrencys price movements.  If approved, the product will be listed on Nasdaq. As per the preliminary prospectus, the shares will probably be traded under the WINK ticker.  All the ZEC owned by the new ETF will be

2 دن پہلےانڈسٹری

Prediction Markets Just Hit $188 Billion, and One Company is Dominating

Prediction markets, where people trade $1 contracts on future events, logged a record $188 billion between July and September. The buyers behind those trades paid a fraction of that.  The record, tracked by CryptoRank, is nearly 70% above the previous quarter. One company, Kalshi, accounts for most of it, but US courts are split on whether its biggest product is gambling.  Sponsored  Sponsored  Is the Market as Big as It Looks?  The total counts every contract at its full payout, not its price. Pew Research Center explains the method.  Prediction markets quarterly volume, Q4 2025 to Q3 2026, Source: CryptoRank  “Each contract is counted at its $1 notional value, or the value of the contract if it is correct, rather than the price at the time of the trade,” Pew Research Center explained.  So a contract bought for 20 cents adds $1 to the total.  On Kalshi, buyers paid about $41 billion for $142 billion in contracts last quarter, DeFi Rate data shows. That works out to roughly 29 cents per dollar.  On Polymarket, most individual buyers lose. Galaxy Research counted only accounts run by people, not bots.  “69.2% of the 2.9 million ‘retail’ accounts… finished below break-even,” Galaxy indicated.  Sponsored  Sponsored  Together, those accounts were down $338.9 million since 2020.  Why Courts are Fighting

2 دن پہلےانڈسٹری

Better Markets says CFTC is ‘wrong agency’ to regulate retail crypto

Better Markets says the US derivatives regulators push to develop rules for certain retail crypto transactions could leave investors with weaker safeguards, arguing the agency is ill-equipped to oversee the market.  The Commodity Futures Trading Commission on Monday sought public comment on a potential framework for margined, leveraged or financed retail crypto transactions under its existing authority. Benjamin Schiffrin, director of securities policy at Better Markets, a nonprofit financial reform advocacy group, argued that CFTC oversight is less suited than the SEC to protecting retail investors.  “Unlike the SEC, the CFTC lacks an investor protection mandate. Its mission is to regulate the commodity and derivatives markets, which historically have been dominated by large institutions with very little retail investor participation,” said Schiffrin.  “Because the CFTCs rules lack the protections that apply when investors trade securities regulated by the SEC, the CFTC is the wrong agency to regulate transactions involving crypto assets by retail customers,” he added.  Better Markets criticism comes as the CFTC and SEC move ahead with crypto policy under existing law after the CLARITY Act stalled in Congress. Both agencies had previously signaled they were prepared to act without new legislation.  Better Markets questions “crypto capital” goal  Better Markets also challenged the CFTCs claim

2 دن پہلےانڈسٹری

Paxos $3B USDG stablecoin launches on Arbitrum

Paxos-issued stablecoin Global Dollar (USDG) has launched on Arbitrum as the blockchain joins the Global Dollar Network.  According to an announcement shared with Cointelegraph, USDG is natively issued on Arbitrum One, with integrations across decentralized finance protocols including Fluid, Morpho, GMX and Maple. Kraken will support deposits and withdrawals, while Stargate will enable transfers between Arbitrum and other blockchains.  A proposal submitted to the ArbitrumDAO would make USDG growth a strategic objective and add 100 million ARB to an incentive program to increase adoption. The proposal also calls for deploying Arbitrum treasury assets to support USDG liquidity, while businesses integrating the stablecoin can apply for support from the Arbitrum Foundation.  As a Global Dollar Network partner, Arbitrum will share in rewards generated by USDG activity on the network, with the proceeds directed toward adoption and ecosystem development.  Related: Mantle adds Paxos USDG stablecoin, joins Global Dollar Network. Source: DefiLlama  About $4 billion in stablecoins are currently held on Arbitrum, according to the Arbitrum Foundation. USDG, meanwhile, is the seventh-largest stablecoin by market capitalization, with about $3.09 billion in circulation, according to DeFiLlama data. Most of its supply is concentrated on X Layer, Robinhood Chain and Solana.  Related: Mantle adds Paxos USDG stablecoin, joins Global Dollar Network  Arbitrum

2 دن پہلےانڈسٹری

Ripple expands Brevan Howard deal with prime brokerage services

Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard, a global investment manager with about $35 billion in assets.  Under the expanded agreement, Brevan Howard will gain access to Ripple Primes services across traditional and digital asset markets, according to a Tuesday announcement.  The deal builds on an existing relationship between the firms. Brevan Howard-affiliated funds participated in a $500 million investment in Ripple in 2025 that valued the company at $40 billion.  “As digital and traditional markets become more interconnected, the need for institutional-quality digital asset infrastructure that enables a seamless experience for investors is only growing,” Brevan Howard chief operating officer Alan McGroarty said.  The investment manager serves global clients including sovereign wealth funds, corporate and public pension plans, foundations and endowments.  The agreement comes as Ripple expands its prime brokerage business. In August, Ripple Prime raised $275 million through a senior note offering to fund its expansion into prime brokerage, financing and multi-asset clearing. Ripple launched the business after acquiring prime broker Hidden Road for about $1.25 billion in 2025.

2 دن پہلےانڈسٹری

Ripple and Circle backs OKX as it targets the next wave of stablecoin users

OKX brought Circle, Ripple and Standard Chartereds venture arm onto its cap table as the crypto exchange broadens its push into stablecoin-based financial services.  Related Company OKX Hong Kong s Chief Executive Officer, Star Xu, confirmed that the company completed a strategic investment from Circle, Qube Research & Technologies, Ripple and SC Ventures by Standard Chartered at a $25 billion pre-money valuation, extending a March round led by Intercontinental Exchange, the owner of the New York Stock Exchange. OKX did not disclose how much it raised in the latest transaction.  The valuation was unchanged from March, when ICE invested about $200 million. The new round instead adds shareholders whose businesses overlap with OKXs expansion into stablecoins, payments, institutional liquidity and tokenized assets.  Related Company Circle Global crypto finance company  Xu said the exchange chose the new investors for their strategic fit rather than because it needed additional financing, pointing to its longer-term ambitions across payments and financial infrastructure.  Related Company Ripple Financial technology and enterprise blockchain company  He stated:  “We didnt raise capital because we needed it. We chose to bring in strategic partners who share our long-term vision for stablecoins, payments, institutional markets, and the next generation of financial infrastructure.”  Stablecoin firms move onto OKXs cap table  The

2 دن پہلےانڈسٹری

XRP Futures Top $56 Billion Across 3 Exchanges as Trading Rebounds

XRP futures trading increased in September, a new analysis shows, suggesting sustained interest despite a retreat from earlier records. The rebound reflects greater turnover in price-linked contracts, rather than proof of fresh investment or bullish positioning.  Key TakeawaysBinance led September XRP futures trading with $32.36 billion.Three major exchanges together handled approximately $56.18 billion.Higher futures turnover does not establish fresh capital inflows.  Septembers XRP Rebound Still Trails Earlier Peaks  XRP derivatives activity remained among the highest levels seen in six months, according to an analysis published by Cryptoquant on Oct. 6. The platform provides crypto market analytics. Cryptoquant contributor Arab Chain tracked XRP futures trading across major exchanges, comparing September with August.  The exchange breakdown places Binance first with approximately $32.36 billion in September volume, followed by Bybit at $12.5 billion. OKX recorded about $11.32 billion, bringing the three platforms combined total to roughly $56.18 billion. Other exchanges accounted for the remainder.  Septembers rebound remained below earlier peaks, providing a longer perspective on the latest uptick. “Higher futures volumes can indicate greater liquidity and more active positioning among traders,” the analyst stated as a possible implication of higher participation.  Monthly XRP futures trading volume by exchange, showing Septembers increase from August alongside earlier peaks. Source: Cryptoquant.  Against that

3 دن پہلےانڈسٹری

Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows

Ethereums institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure.  Related Asset Ethereum #2 ETH · $2,705.16 24-hour change: up 0.35% Loading price history… 24H Up 0.35% 7D Up 1.27% 30D Up 9.09%  US spot ETH exchange-traded funds recorded $50.76 million of net outflows on Oct. 5, extending their losing streak to five consecutive sessions, according to SoSoValue data. The products have shed $205.88 million since Sept. 29, reducing cumulative net inflows to about $13.75 billion.  The streak followed a $17.1 million inflow on Sept. 28 and has coincided with ETH trading near $2,711, leaving one of the markets major sources of incremental demand in retreat.  Yet the pressure has not spread uniformly across Ethereums investor base.  Blockchain analytics firm Santiment said Ethereums Age Consumed metric surged to 580 million token-days on Sept. 30, roughly nine times its September weekday average and the highest reading since June 2. The indicator tracks previously dormant coins moving onchain, weighted by how long they had remained untouched.  Related Company Santiment Crypto Market Intelligence Platform  Ethereum Exchange Balance (Source: Santiment)  Large spikes can signal that long-term holders are repositioning assets and, in some cases, preparing to sell. Aggregate exchange

3 دن پہلےانڈسٹری
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