Author: John Smith

Solana price has fallen below key support at $116, putting its daily Supertrend near $107 in focus as U.S. SOL ETFs record three consecutive sessions of outflows. Summary Solana price traded near $112 on Oct. 8 after falling below the $116 support level. U.S. Solana ETFs recorded approximately $17.7 million in net outflows across three sessions. Daily Supertrend support stood at $107.22, while the 4-hour money-flow indicator turned negative. Analysts identified $110 and $106 as downside levels if buyers fail to recover lost support. TradingView’s Binance SOL/USDT daily chart showed Solana trading at $112.28 on Oct. 8, down 3.46% from…

Sui’s Hashi has secured more than $500 million in capital commitments ahead of a phased mainnet rollout later in October, with Anchorage Digital joining more than 20 launch partners. Summary Hashi will launch this month with more than $500 million in committed capital from partners. Anchorage Digital will offer institutions Hashi access through Atlas settlement infrastructure and its Porto wallet. Deposited Bitcoin stays on Bitcoin while Hashi mints hBTC on Sui for financial applications there. More than 20 launch partners include BitGo, Bullish, Cumberland, FalconX, Ledger and other firms globally. Hashi uses MPC, Sui smart contracts and a guardian layer…

Chainlink, Cardano and Solana have fallen below or toward key technical levels on Oct. 8, with all three altcoins trading under pressure after recent rallies failed to hold. Summary Three altcoins trade below technical levels Ali Charts identified after sharp market pullbacks this week. Chainlink remains below $13.56, keeping the analyst’s $12.39 and $11.98 downside targets in play currently. Cardano trades near $0.2538 after rejection from its daily ascending channel’s upper boundary this week. Solana trades near $113.65, already below the analyst’s initial $114 target after losing channel support. Solana network growth jumped 124% since early September, according to on-chain…

Gate has partnered with Visa to roll out a crypto-linked payment card across more than 40 countries and territories, with digital assets automatically converted into fiat when users spend. Summary Gate plans to launch its Visa-linked crypto card across more than 40 countries and territories. Crypto held in Gate accounts will convert automatically into fiat currency when users make purchases. Gate says users can apply for and manage the new card directly through its app. Visa supports more than 160 stablecoin-linked card programs, with payment volume rising nearly 200% yearly. Gate Money combines digital assets, bank accounts, stocks, gold and…

Gwangju Bank and South Korean fintech company Toss have successfully completed a proof of concept for stablecoin payments using QR codes, allowing customers to make transactions through connected banking and payment apps. Summary Gwangju Bank and Toss successfully completed a stablecoin QR payment trial connecting their mobile apps with Toss Place merchant terminals. The payment process allowed customers to scan merchant QR codes and transfer stablecoins directly between digital wallets. Both companies are preparing a second trial to simplify transactions and are discussing additional tests with merchants in Gwangju and Jeonnam. The trial comes as South Korean banks expand stablecoin…

Franklin Templeton CEO Jenny Johnson has criticized rival tokenized fund models at TOKEN2049 Singapore, arguing that many remain “digital twins” of traditional products instead of using blockchain as the primary recordkeeping layer. Summary Franklin Templeton CEO Jenny Johnson called many rival tokenized funds digital copies at TOKEN2049 Singapore. BENJI records fund ownership on public blockchains and supports yield accrual calculated every second daily. Johnson said BENJI transactions cost about $1.13 versus roughly $150 through traditional fund processing systems. Franklin Templeton’s BENJI platform held roughly $2.5 billion in tokenized assets during recent market tracking. The April 250 Digital agreement included BENJI…

Hypercall founder Jake Sylvestre has called for simpler options trading, tighter spreads, and shared hedging accounts after the venue reported $536 million in September notional volume, out of $592 million since its June 1 launch. Summary Hypercall reported $536 million in September volume, with most activity coming from S&P 500 trades. Sylvestre said repeat traders accounted for 93% of volume; the venue also ran $7,000 in incentives. Market makers can hedge options through Hyperliquid perpetuals from the same account, according to Sylvestre. Off-session options spreads tend to be 1.5–2 times their regular-session levels, the founder said. Hypercall founder Jake Sylvestre…

Hyperliquid Labs has confirmed its registered headquarters in Singapore, where its roughly 11-person team moved in 2024, while the country’s regulator has said it is unaware of the platform being regulated in any major jurisdiction. Summary Hyperliquid Labs has confirmed Singapore as its registered headquarters and acknowledged its unregulated status. People familiar with MAS’s thinking cited decentralization as the reason it considers Hyperliquid outside its jurisdiction. MAS added Hyperliquid to its Investor Alert List on June 26, without imposing a ban. Payward has proposed regulated Hyperliquid-based markets for eligible U.S. customers, subject to approval. The Financial Times reported that Hyperliquid…

A New York jury has convicted cybersecurity consultant Jonathan Spalletta of computer fraud and money laundering over two Uranium Finance attacks that drained nearly $55 million, with the money laundering count carrying up to 20 years in prison. Summary Spalletta was convicted on both counts after a six-day federal jury trial in Manhattan. Prosecutors traced the theft to two April 2021 attacks that forced Uranium Finance to close. Authorities seized about $31 million in cryptocurrency and rare collectibles tied to the stolen funds. Sentencing is set for Feb. 16, while federal investigators have provided a contact for victims. The U.S.…

House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after November’s elections. Summary Hill said SEC and CFTC crypto measures cannot provide the lasting framework Congress could establish. The Senate blocked CLARITY Act debate in September, with 49 votes supporting a 60-vote motion. Hill still hopes lawmakers can pass the bill during the post-election lame duck session. Seven commissioner seats remain vacant across the SEC and CFTC, according to the supplied report. Fox Business carried Hill’s comments…