Only 1.45 Billion Shiba Inu (SHIB) Burned in 24 Hours Hints at Reversal

Shiba Inu is trading near $0.00000541. It fell hard in early October from its late-September high near $0.00000626. The selling may be slowing, though. Exchange data suggests more SHIB is leaving exchanges than entering, which often means holders are not rushing to sell.  SHIBs technical picture  SHIB sits below the long-term average near $0.00000560, and that line is the main trend test. Price has been rejected in the $0.00000550 to $0.00000560 area several times. Support is at $0.00000530.  SHIB/USDT Chart by TradingView  Price held there on the latest candle. A deeper wick reached $0.00000510 on October 6, and this is the next floor. Below it sits the round $0.00000500 level.  On-chain data gives mixed signals. Net flow is about -27.3 billion SHIB, which means more coins moved out of exchanges than in. Exchange reserves dipped slightly. However, the 7-day average inflow rose about 13% in the last day, so some sellers are still active.  If SHIB closes above $0.00000560 with strong volume, buyers take control. The next targets are $0.00000580, then $0.00000600.  Key levels to watch  Continued net outflows would support this view. If price closes below $0.00000510, the reversal idea fails. The next support area is between $0.00000470 and $0.00000450, where the summer lows formed.  Exchange flow data

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Ex-Ripple exec on XRP's 13M AI payments: What's next?

The XRP Ledger has surpassed 13 million AI-powered payments through the x402 protocol, with RippleX engineering head J. Ayo Akinyele reporting increased activity among automated payment services using XRP and Ripples RLUSD stablecoin.  According to Akinyeles October 10 statement, the XRP Ledger processed more than 13 million transactions across 166 registered x402 merchants. He estimated that agent-driven payments represented approximately 25% of ledger activity, while former Ripple product lead Chandler Fang pointed to growing demand for automated payments involving APIs, data and computing services.  Just a couple of months ago, I predicted XRPL would quickly surpass 10M agentic transactions.  XRPL has now hit another milestone, processing over 13M with 166 x402 merchants. Agentic payments now account for roughly 25% of activity on the ledger.  100M might actually come sooner…  Data from the XRPL AI Hub subsequently showed 13.49 million transactions and 168 registered merchants, indicating continued growth after the milestone announcement.  XRP Ledger AI payments surpass 13 million transactions  AI-driven payments on the XRP Ledger have increased rapidly since July, when the network crossed its first million transactions through x402.  The protocol allows automated software agents to pay for digital services using blockchain transactions, without requiring a person to approve each individual payment.  Akinyele previously predicted that the network

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Ledger confirms unauthorized hardware implant; losses may exceed $86M

Hardware wallet maker Ledger, which has been investigating reports of crypto losses involving its devices purchased from Southeast Asian reseller CryptoBilis, confirmed that one of the impacted users devices contained an unauthorized hardware implant.  Ledger said in a Sunday post on X that it was reaching out to users as part of its ongoing investigation into the losses, which investigator Specter estimated may exceed $86 million across Bitcoin, Ethereum and Tron.  As a measure of precaution, CryptoBilis confirmed in the post that it had ceased sales of all hardware wallet inventory until the investigation is concluded. Ledger is in active communication with CryptoBilis on next steps.  Related: Ledger investigates fund losses linked to Southeast Asian reseller, warns users  Ledger recommends users who purchased one of their devices from this reseller to not initiate set-up if they have not yet done so. If they have set up their Ledger device, they should consider moving assets to a new Ledger signer (with a new seed).  Cointelegraph reported on Friday that CryptoBilis was listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines.  Ledger has not confirmed how many customers may be affected or the value of the reported losses.  In a statement to Cointelegraph, Ledger said the

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XT Exchange at Eight: Stablecoins Need to Work Beyond the First Payment

At XT Exchanges 2026-09-24 anniversary X Space, XT Labs head Aaron.J examined the infrastructure businesses need to turn stablecoin receipts into usable funds.  A business can receive a stablecoin payment and still have a bill to pay in local currency. Revenue has arrived, but wages, supplier payments and accounting remain to be dealt with. For a company considering whether to accept stablecoins regularly, those later tasks are part of the payment decision.  That was the business problem Aaron.J, head of XT Labs, examined during XT Exchanges Chinese-language anniversary X Space, “Building for the NeXT Billion: What Can Crypto Make Possible?” He saw potential benefits for small firms working across borders, while pointing to the difficulty of converting or spending funds through local channels. Any advantage at the transfer stage still had to survive the work that followed.  “I think this is still a pain point for the industry,” he said, speaking in Chinese.  Sponsored  Sponsored  He asked whether payment channels could support a more complete flow of funds, including employees‘ wages and suppliers’ bills. For an ordinary merchant, needing to return to conventional payment systems to meet those obligations could leave important parts of that flow unresolved.  The first question is whether incoming funds can reach the

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CFTC proposals aimed at separating prediction markets from casino gambling

The Commodity Futures Trading Commission (CFTC) has issued two proposals, one that would define event contracts as “swaps” under federal law and another that excludes traditional casino gambling from that definition.  Several states have sued prediction-market operators, including Kalshi and Polymarket, alleging illegal gambling, and the CFTC has countersued to defend its federal jurisdiction over event contracts, which it claims are beyond the purview of state regulators.  The first proposal clarifies the definition of “swap” to include event contracts, including those tied to sports, politics, cultural events and weather.  It notes these contracts are financial instruments that are commonly known to the trade as swaps and proposes to resolve any ambiguity regarding them.  “These products are commodity derivatives squarely within the CFTC‘s regulatory remit under the Commodity Exchange Act and are within the agency’s exclusive jurisdiction,” Chairman Michael Selig said.  Both measures have 30-day comment windows  The second proposal codifies the CFTCs view that casino-style gambling products, including wagers placed on sportsbooks and casino games, are excluded from the “swap” definition.  “Casino-style gambling products are not derivatives,” Selig said, “Just as the CFTC has done with respect to other products historically regulated by the states, the Commission today provides clarity regarding the limits of its regulatory remit

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Robinhood Chain transactions drop 42%: What's next?

Robinhood Chain has recorded a 42% decline in average daily transactions since mid-September, with trading activity and network fees falling sharply despite more than $1 billion remaining deposited in its decentralized finance applications.  SummaryRobinhood Chain averaged 6.2 million daily transactions during October 2–8, down 42% from mid-September levels.Active blockchain addresses declined 31% to approximately 322,000 daily, according to growthepie transaction tracking data.Spot trading volume fell 21% to $7.45 billion, while application deposits remained above $1 billion.Perpetual futures trading increased 26% to $7.35 billion despite weaker spot trading and network activity.Robinhood extended fee coverage for eligible wallet swaps through December 31, 2026, according to reports.  According to CoinDesks October 10 report, the Ethereum layer-2 network processed an average of 6.2 million transactions daily between October 2 and October 8, compared with 10.8 million during September 10–16. Calculations based on growthepie data showed that active addresses declined 31%, while weekly spot trading volume fell 21% to $7.45 billion.  Robinhood has continued covering network fees on eligible wallet swaps, extending the promotion until December 31 as the network approaches the end of its third full month of operation.  You might also like:  Robinhood explores tokenized ETF with $1.9T T. Rowe Price  Robinhood Chain transactions fall as fewer wallets trade  The

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Bitcoin companies are learning that holding forever takes cash

Metaplanet sold 10,000 BTC and bought back 11,000 at a higher average price to show it was willing to sell its Bitcoin.  Related Asset Bitcoin #1 BTC · $83,087.24 24-hour change: up 0.45% Loading price history… 24H Up 0.45% 7D Down 2.29% 30D Up 7.55%  The Japanese treasury company was pursuing a credit rating and better access to financing, and its Oct. 5 disclosure explained why turning coins into cash was part of that effort. Prospective creditors needed confidence that management could use its holdings to meet obligations, even if shareholders bought into the company because of those holdings.  Proving the point was expensive, with Metaplanet receiving ¥124.7 billion from the sale and spending ¥149.9 billion on the subsequent purchase, paying roughly 9.3% more per coin.  Related Company Metaplanet A publicly traded company listed on the Tokyo Stock Exchange  Applying that average purchase price to the 10,000 coins replaced produces a price difference of about ¥11.57 billion, before transaction costs and potential tax effects. That gives shareholders an expensive receipt for the demonstration.  The company didnt use the proceeds to repay borrowings or bonds, and it ended September with 44,000 BTC. Selling was part of an effort to improve the financing behind continued accumulation.  That brings us

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Ledger faces fake website warning amid $86M theft probe

Security researchers have warned that a fake Ledger website and application have appeared prominently in Google search results, attempting to steal cryptocurrency wallet recovery phrases as the hardware wallet maker investigates more than $86 million in suspected customer losses.  Bitcoin News reported on October 10 that security researcher Cyber Scrilla had identified fraudulent Ledger-branded search results directing users toward a fake website and application. The impersonation campaign reportedly displayed a claim of more than 1 million visits over 30 days, although that figure has not been independently confirmed as traffic to the malicious website.  FAKE LEDGER WEBSITE APPEARS AT TOP OF GOOGLE SEARCH AMID $86M WALLET THEFT INVESTIGATION  Security researcher @cyberscrilla has flagged a fraudulent Ledger website and app appearing prominently in Google Search, designed to trick users into revealing their 24-word recovery…  The warning follows a September investigation by cybersecurity firm Zscaler, which documented a separate campaign using fraudulent Google advertisements to collect Ledger recovery phrases.  Fake Ledger website targets users through Google Search  The latest warning concerns a website designed to resemble the official Ledger platform, including an application presented as legitimate wallet software.  According to Cyber Scrilla‘s reported findings, the fraudulent website appeared near the top of Google search results, where users searching for

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Dogecoin Spot Flows Drop 599% in Week as Whales Readjust Strategy

Dogecoin (DOGE) had a sharp drop in spot flows this past week as the broader crypto market pulled back.  Dogecoin registered a 7-day spot net flow percentage of -599.50%, with spot outflows exceeding inflows, data from CoinGlass showed. The last seven days spot inflows were $480.96 million and spot outflows were $538.16 million.  A drop in spot flow, especially for exchanges, could indicate a dearth of coins being deposited on trading venues. On the other hand, an increase in spot outflows might suggest investors are withdrawing their coins into cold storage, a bullish signal.  Owing to a weeklong drop in crypto prices, this might be the case as whales or large holders seek to buy at a discount.  Dogecoin fell for four days at a stretch amid a forced unwind following a leverage buildup in the broader market. Altcoins had a strong run into late September with significant leverage building up along the way.  Dogecoin sharply fell to a low of $0.081 on October 8 as investors weighed macroeconomic concerns before rebounding.  Expectations for Q4 recovery remain  On the one-year anniversary of the 10/10 flash crash, which resulted in the largest liquidation event in crypto history, Dogecoin is currently trading in the green at $0.086.  After registering a

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Bitcoin Drawdown Analysis Maps a $74,500 Level if Losses Deepen

Bitcoins latest correction has brought a $74,500 historical reference into focus, a new analysis suggests. The comparison examines setbacks during broader advances as the contributor outlines two buying levels if selling continues.  Key TakeawaysThe 2022-2025 bull cycle had an average drawdown of 7.58%.Reaching $74,500 would mean another 7.34% drop from the cited low.The analyst proposes larger purchases between $74,000 and $75,000.  How the $74,500 Calculation Works  The latest pullback has brought a $74,500 downside reference into focus, according to an analysis published by Cryptoquant on Oct. 9. Contributor MAC_D used the cryptocurrency analytics platforms historical bull market corrections to compare declines during bull markets, periods of broadly rising prices.  The analysis measured a decline from $87,027 on Oct. 5 to $80,404 on Oct. 9, a $6,623 reduction, or approximately 7.61%. A drawdown measures how far a price falls from an earlier peak. That retreat nearly matched the previous expansions average setback.  The analyst wrote:  “Applying that historical average to the recent high gives a price level of approximately $74,500, which could serve as a reference point in the event of further downside.”  “Applying that historical average to the recent high gives a price level of approximately $74,500, which could serve as a reference point in the event

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