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Analyst Says XRP Price Target Of $27 Still Holds – ‘The Ride Has Just Begun’

by admin October 4, 2025

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A new technical analysis by crypto analyst ChartNerd has predicted the long-term trajectory of the XRP price. According to the expert, the cryptocurrency could be gearing up for a new all-time high, with price targets set at an impressive $27. Already, XRP is showing signs of building momentum after its recent rebound from the $2.8 level, but ChartNerd suggests that “the ride has just begun.”

XRP Price Structure Points To $27 ATH

ChartNerd’s latest analysis on X social media outlines XRP’s long-term price structure, which has been forming since its 2018 all-time high of $3.84. After peaking and then spending nearly seven years suppressed and consolidating within a symmetrical triangle, the altcoin has finally broken free of its constraints. This breakout had triggered an explosive rally in the cryptocurrency’s price, carrying it from $0.5 to $3.6 this year in rapid succession.

Despite this impressive performance, ChartNerd explains that XRP’s price rally is far from over. The cryptocurrency’s structure suggests a much larger expansion is on the horizon, with Fibonacci Extension levels reinforcing the case for a $27 price target. Specifically, the 1.618 Fibonacci extension on the chart has been pointing to $27 ever since XRP’s 2018 high. A surge to this level would see the cryptocurrency exploding by an impressive 800% from current levels around $3.

Source: Chart from ChartNerd on X

With the symmetrical triangle pattern now broken to the upside, the long-term chart suggests the token is finally ready to move toward higher levels. The analysis identifies critical points in the cryptocurrency’s bullish journey: a breakout impulse that shattered descending resistance, a new cycle of ascending support, and the confirmation of the previous Fibonacci targets. ChartNerd concludes his analysis by urging traders to prepare for a ride that has only just begun.

Analyst Says XRP To Hit $5 First

In addition to his long-term projection, ChartNerd presented a short-term analysis that predicts XRP could skyrocket from its current price of $3 to $5, representing a roughly 66% surge. He shared a price chart that shows the cryptocurrency displaying a classic Bull Flag formation—a pattern that often signals bullish continuation after an upward move.

During the time of his analysis, ChartNerd noted that XRP was bouncing off its 20-week Exponential Moving Average (EMA) around the $2.77 level, a key area of support to prevent further declines. The Bull Flag structure is clearly visible on the chart, featuring a strong flagpole that moves upward, followed by a period of consolidation within a downward-sloping flag.

The breakout target from this Bull Flag formation points directly to the 1.618 Fibonacci Extension at $5.35. ChartNerd emphasized that while the altcoin still has work to do, holding above the 20-week EMA and breaking through flag resistance are critical to fueling this projected rally. More importantly, he says that the current Bull Flag pattern lies inside a larger flag with a bullish target set at $15.

XRP trading at $3.04 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Pexels, chart from Tradingview.com

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October 4, 2025 0 comments

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‘Nothing Illegal’: Creator of ICE Tracking App Plans Legal Action After Apple Removal

by admin October 4, 2025

In brief

The DOJ under Pam Bondi demanded Apple take down ICEBlock, while Google pulled down Red Dot citing safety.
ICEBlock creator Joshua Aaron called the removal a violation of First Amendment rights.
Aaron warned that constitutional rights are “being stripped away” and vowed a legal fight.

Bowing to federal pressure, Google and Apple yanked two popular apps, ICEBlock and Red Dot, that let users crowdsource reports of U.S. Immigration and Customs Enforcement activity, citing officer safety after a deadly sniper attack at an ICE field office in Texas.

On Thursday, Google and Apple both removed the Red Dot app. Apple also pulled the iOS-specific ICEBlock app after the U.S. Department of Justice under Attorney General Pam Bondi formally demanded its removal. Bondi said in a statement to Fox News that the app “is designed to put ICE agents at risk just for doing their jobs,” and vowed to protect federal law-enforcement officers.

Joshua Aaron, creator of ICEBlock, said Apple’s removal blindsided him.

“The app was thoroughly vetted for three weeks by Apple’s legal and senior officials before approval,” he told Decrypt. “It’s been fine all this time. For them to do it now, that’s why I say I’m so disappointed.”

Aaron, a software developer and the lead singer of the rock band Stealing Heather, released ICEBlock in April. In July, as ICE operations ramped up across the United States, ICEBlock went viral after being called out by Bondi, who called it a tool for “signaling to criminals where our federal officers are.”

Aaron said Apple has not reached out to him or given him a chance to appeal the decision.

“Apple has not called me, even though we were number one in the App Store for weeks and had 1.14 million users that counted on this every single minute of their day,” he said. “They just gave me a letter that said we received information from law enforcement that your app is targeting or harming law enforcement officials.”

Aaron compared ICEBlock to mainstream navigation tools like Apple Maps, Google Maps, and Waze.

“To somehow say that ICEBlock is doing anything different than that is ridiculous,” he said.

Federal pressure intensifies

Apple’s removal came after Bondi’s DOJ formally asked for the app to be pulled, citing officer safety.

“We created the App Store to be a safe and trusted place to discover apps. Based on information we’ve received from law enforcement about the safety risks associated with ICEBlock, we have removed it and similar apps from the App Store,” Apple told Fox News.

Google echoed that sentiment with its removal of Red Dot, going so far as to suggest to 404 Media that ICE agents are a “vulnerable group.”

“ICEBlock was never available on Google Play, but we removed similar apps for violations of our policies,” a Google spokesperson told Decrypt. The spokesperson, who said that the federal government did not reach out to the search giant, said the Red Dot app was removed due to “high risk of abuse” and rules around user-generated content.

On September 24, a sniper attack at an ICE facility in Dallas killed one detainee and injured two others. Authorities said the suspect was aiming for ICE officers and had searched his phone for tracking apps, including ICEBlock, before opening fire.

Aaron called the takedown a “First Amendment violation,” and said he plans to fight it in court and in the media.

“This is not some app taken down from the App Store; this is a tech company removing something that is clearly a First Amendment-protected app,” he said. “There’s nothing illegal about developing it. There’s nothing illegal about using it. They are now deciding what you can and cannot use on a device that you own.”

He also rejected Google’s description of ICE agents as a “vulnerable group.”

“They gave $170 billion to create their own paramilitary force in this country,” he said. “To say they’re in danger is laughable at best.”

Apple did not immediately respond to requests for comment by Decrypt.

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MegaETH taps Ethena to launch USDm stablecoin and cut layer 2 fees

GameFi Guides

TOKEN2049 strips U.S.-sanctioned A7A5 stablecoin from sponsor list

by admin October 4, 2025

TOKEN2049 scrubbed all references to the A7A5 stablecoin from its website and speaker roster following Reuters’ inquiry. The swift takedown of the platinum sponsor, targeted by U.S. sanctions, revealed the event’s reactive posture to a major compliance scandal.

Summary

TOKEN2049 dropped sanctioned A7A5 stablecoin from its sponsor list after Reuters inquiries.
A7A5, tied to Kremlin ally Ilan Shor and Russia’s Promsvyazbank, has $70.8 billion in transactions since launch.
41.6B tokens valued at nearly $500 million are in circulation, raising concerns over sanctions evasion and global adoption.

On Oct. 3, Reuters reported that TOKEN2049 organizers, after being contacted for comment, purged all traces of the A7A5 stablecoin, a token sanctioned by the U.S. and U.K. for allegedly helping Russia evade financial penalties.

The removal included deleting A7A5 from its platinum sponsor list and canceling a scheduled stage appearance by its director, Oleg Ogienko, who was present at the Singapore event.

According to the report, Ogienko confirmed to the Reuters team on the sidelines that his operation was the same entity targeted by Western sanctions, stating they had “regularly applied” for and were granted the sponsorship.

Why the A7A5 stablecoin drew Western sanctions

The scrutiny around A7A5 is not incidental. In August, the U.S. and U.K. moved to sanction companies tied to the stablecoin’s launch, alleging that the token formed part of a broader network designed to help Russia skirt financial restrictions imposed after its full-scale invasion of Ukraine. The stablecoin, pegged to the ruble and launched in January, was engineered to create a payments channel outside the reach of Western banks.

According to a detailed analysis by blockchain analytics firm Elliptic, the architect of the A7A5 stablecoin is the A7 group, a Russia-based operation founded by Ilan Shor, a sanctioned Moldovan oligarch and Kremlin ally. The leaks reveal that this is not a rogue startup but a formalized entity partially owned by Russia’s state-owned Promsvyazbank, a bank itself sanctioned for financing Russia’s defense industry.

The token’s scale has quickly grown to match its political baggage. Elliptic reports that there are currently 41.6 billion A7A5 tokens in circulation, valued at nearly half a billion dollars.

More telling, however, is the sheer volume of value it has moved. Since its launch in January, the stablecoin has reportedly handled a staggering $70.8 billion in transactions, a figure that illustrates its rapid adoption as a tool for cross-border settlements.

To build the necessary liquidity for this ecosystem, the architects of A7A5 leveraged the very system they sought to circumvent. Leaked internal chats from April 2025 show A7 employees discussing a concerted market-making campaign, where A7 wallets sent at least $2 billion in USDT to various exchanges to systematically buy up A7A5, creating a deep and liquid market insulated from traditional finance.

Ogienko defends A7A5 stablecoin

On the sidelines of TOKEN2049, A7A5 executive Oleg Ogienko defended the project as a legitimate payments tool. He insisted it had “nothing to do with money laundering” and was compliant under Kyrgyzstan’s regulatory framework.

He described its primary use as facilitating cross-border payments for Russian firms and their trade partners, noting that adoption was strongest in Asia, Africa, and Latin America. In his words, “many of them use our stablecoin… and these are billions of dollars.”

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October 4, 2025 0 comments

GameFi Guides

Rothschild Upgrades Coinbase to “Buy,” Flags Risks for Circle and Robinhood

by admin October 3, 2025

Rothschild & Co Redburn shifted its outlook on Coinbase (NASDAQ: COIN) to “Buy” on October 3, 2025, raising the price target to $417. The bank’s analysts pointed to stronger revenue diversification and the projected expansion of USDC’s market capitalization as the main factors supporting the upgrade.

According to the reports, lower U.S. interest rates could weigh on short-term revenue, but this is expected to be offset by the expansion of USDC.

Why Coinbase?

Coinbase’s role in the stablecoin’s ecosystem, combined with its broader shift toward subscription and service revenue, was described as a key driver for the stock’s long-term outlook.

Rothschild also provided updated data points for investors. The bank adjusted its Coinbase price target from $372 to $417, estimating an upside of 12.1%.

At the time of writing, Coinbase stock (COIN) was trading at $378. The firm also initiated coverage of Circle Internet Group (CRCL) with a “Neutral” rating and a $136 target price, compared with its current trading level of $155.79, according to TradingView.

Risks flagged for Circle and Robinhood

Alongside its positive assessment of Coinbase, Rothschild highlighted concerns about Circle, pointing to its revenue-sharing model as a possible vulnerability. The bank also reiterated a “Sell” rating on Robinhood (NASDAQ: HOOD), arguing the stock is “priced for perfection” and may not reflect potential downside risks.

Broader market context

The diverging ratings reflect how traditional financial analysts are assessing varying strategies in the crypto sector. Coinbase is viewed as having revenue support from USDC growth, while Circle and Robinhood face questions tied to their business models.

The mixed outlook highlights that investor sentiment toward publicly traded crypto firms remains shaped by both opportunities around stablecoins and ongoing risks from regulation and market conditions.

Also read: Coinbase Hits $1B Milestone in Bitcoin-Backed Onchain Loans

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October 3, 2025 0 comments

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Solana (SOL) Eyes Rally at $520, Here’s Why It’s Possible

by admin October 3, 2025

Since the beginning of the month, Solana has maintained steady upward momentum, recording notable daily gains. Following its impressive price performance, popular crypto analyst Ali Martinez has suggested that the token could set a new target at $520.

Amid rising demand for the sixth-largest cryptocurrency by market capitalization, Solana has formed technical patterns that signal a potential breakout strong enough to fuel a massive rally.

Solana price outlook

The analyst shared a chart indicating that Solana could embark on a sustained bull run toward $520 if it manages to secure a weekly close above the $260 resistance level.

According to Martinez, the $520 target could be achieved within a few months, provided the asset retains its bullish momentum and maintains that crucial resistance level.

Notably, the chart highlights that while Solana reclaimed the major $230 mark today, it is now attempting to retake another key zone that has previously served as both support and resistance during periods of heightened volatility.

With an intraday high of $234, Solana is drawing closer to the $260 resistance level. If the token can build momentum and close above $260, it could unlock higher targets around $320, $400, and ultimately $520 in the longer term.

As of writing, Solana is trading at $229.14, up 1.39% over the last day and 17.84% over the last week, according to data from CoinMarketCap.

Although it remains uncertain whether Solana will sustain its bullish momentum long enough to smash these ambitious price targets, renewed market interest fueled by the Uptober rally has boosted investor confidence.

Despite broader market uncertainties, optimism about Solana’s future price potential remains strong. The blockchain continues to see major DeFi adoption from both new and existing projects, alongside growing institutional interest, spurred in part by speculation surrounding a potential spot Solana ETF. Investor sentiment has stayed bullish as confidence in the ecosystem continues to grow.

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October 3, 2025 0 comments

GameFi Guides

Momentum Shift Amid Plasma (XPL) Integration

by admin October 3, 2025

The native token of oracle network Chainlink LINK$22.62 pulled back slightly on Friday, establishing a higher low, posting a 6.7% gain this week. The price action has been supported by a string of news headlines about institutions and protocols tapping Chainlink’s services.

Plasma (XPL) said on Friday it has joined Chainlink Scale, adopting Chainlink’s oracle services for its stablecoin payments-focused blockchain. The network has integrated Chainlink’s Cross-chain Interoperability Protocol (CCIP), Data Streams and Data Feeds services, supporting developers to build stablecoin use cases on Plasma.

“By adopting the Chainlink standard and joining the Chainlink Scale program, Plasma is demonstrating how new layer-1 networks can launch with enterprise-grade stablecoin infrastructure from day one,” said Johann Eid, chief business officer at Chainlink Labs, the development organization behind Chainlink.

The news follows Swiss bank UBS starting a pilot with Chainlink earlier this week, integrating the CCIP protocol with SWIFT’s messaging system for tokenized fund operations.

Meanwhile, the Chainlink Reserve, a facility that purchases tokens on the open market using income from protocol integrations and services, bought another 46,441 LINK on Thursday, bringing total holdings over 417,000 tokens, worth $9.5 million.

Technical indicators signal bullish momentum is returning for LINK, establishing a clear higher low but facing resistance at the $23 level, CoinDesk Data’s research model suggested.

LINK changed hands within a $0.96 range between $22.13 and $23.09, representing a 4.27% fluctuation during the 24-hour period.
Established critical support at $22.13 with substantial buying interest at an elevated volume of 1,409,489 units, above the daily average of 1,178,000.
The token carved out a clear higher low pattern, suggesting renewed upward momentum towards the $23.10 resistance zone.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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October 3, 2025 0 comments

GameFi Guides

Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown

by admin October 3, 2025

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The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs.

For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown into next week.

Spot Crypto ETFs On Hold

As reported by Crypto In America, during a government shutdown, while the SEC retains the ability to act on urgent matters such as fraud and market emergencies, much of its routine work is halted.

This includes delays in processing initial public offerings (IPOs), exchange-traded funds (ETFs), and other filings, as well as pausing rulemaking efforts.

With spot crypto ETFs requiring formal approval from the SEC’s Division of Corporation Finance before they can commence trading, product launches for assets like Litecoin (LTC), Solana (SOL), and XRP are now likely on hold until government funding is restored.

However, altcoin prices saw a significant recovery on Friday, with LTC, SOL and XRP surging by 17%, 16% and 9% respectively over the past seven days. This aligns with the broader crypto market recovery, led by Bitcoin (BTC)’s surge to near record highs.

New Generic Listing Standards

“It’s like a rain delay,” Bloomberg ETF expert Eric Balchunas told Crypto In America, highlighting the frustration felt by the industry as they await clarity on the SEC’s operations. An SEC spokesperson also confirmed that the shutdown has hindered their ability to respond to press inquiries.

The current challenges follows the SEC’s decision for crypto ETF issuers to withdraw their 19b-4 filings. This, on the heels of the approval of generic listing standards that obviate the need for individual filings; as a result, crypto ETFs could potentially go effective on a rolling basis once the shutdown concludes.

The daily chart shows the total crypto market cap valuation near record highs. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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October 3, 2025 0 comments

GameFi Guides

How Coinbase Profits on Bitcoin-Backed Loans as a ‘Technology Provider’

by admin October 3, 2025

In brief

Steakhouse, a curator on Morpho, is sharing performance fees with Coinbase.
The fees are derived from user repayments toward Bitcoin-backed loans.
People are tapping the product to pay for cars and home improvements.

Coinbase’s newest lending product is generating profits for the crypto exchange in several ways, but not all are reflected clearly on-chain.

As the firm lets customers deposit wrapped Bitcoin and Circle’s USDC into “vaults” on decentralized finance protocol Morpho, it’s earning cash from stablecoin reserves and transaction fees indirectly. It’s also taking a cut of performance fees that are designed to incentivize risk managers on the platform, Coinbase has confirmed to Decrypt.

DeFi offers the promise of a more transparent financial system, but it’s unclear whether the arrangement poses conflicts of interest or could potentially put user funds at greater risk. Coinbase says that the initiative is addressing investors’ growing appetite for ways to use digital assets, unlocking financial empowerment.

In a statement to Decrypt, a Coinbase spokesperson said that the company “is committed to the sustainable success of its products.”

“We firmly maintain this philosophy when searching for collaborators that can help us bring simple, secure on-chain financial products to our users.”

The specifics of Coinbase’s arrangement with a so-called curator on Morpho named Steakhouse, through which users are effectively paying the exchange, are not referenced in an FAQ for its product. The FAQ does say that “there are no Coinbase fees,” and interest rates are set by “open lending markets.”

Vaults on Morpho allow Coinbase users to do two things: They can post Bitcoin as collateral for loans, or they can deposit USDC to earn yield. In essence, it resembles a circular market, which crossed $1 billion in originations on Tuesday.

As users make payments toward loans, a percentage of the yield that vaults generate is directed to “curators,” who serve as chief risk officers and strategists, according to Morpho’s documentation. It’s called a performance fee, and it’s customizable vault-to-vault.

The vault with the most deposits on Morpho is curated by a DeFi project called Spark. It is providing liquidity for Bitcoin-backed loans on Morpho, while taking a 10% slice of the 6% APY (annual percentage yield) that around $700 million in USDC deposits is currently generating.

Steakhouse, meanwhile, is curating a vault that currently lets Coinbase users earn 5.6% APY on USDC. Most of those funds are going toward providing liquidity for Bitcoin-backed loans as well, but the vault collects a 25% performance fee, among the highest on Morpho.

Steakhouse and Coinbase “share” the fee, the Coinbase spokesperson confirmed to Decrypt.

“Steakhouse USDC was selected as a starting vault on account of its collateral exposure being generally very liquid crypto assets which—along with the overcollateralization of the loan positions—creates an additional buffer for lenders,” they added, while highlighting an overview of Steakhouse’s risk management framework.

Decrypt has reached out to Steakhouse for comment.

‘Scale Infinitely’

As firms across the U.S. are integrating DeFi into their businesses, some onlookers are comparing the trend to mullets—centralized in the front, yet permissionless in the back. Morpho itself made the comparison on X on Thursday.

From Coinbase’s perspective, it’s acting as a “technology provider,” enabling users to access decentralized protocols like Morpho, Max Branzburg, head of consumer products at Coinbase, told Decrypt.

“Coinbase is not lending to users. Coinbase is not facilitating the financing itself,” Branzburg said. “This is really about connecting users as a technology platform with DeFi.”

Branzburg compared the initiative to Coinbase’s recent support of trading on decentralized exchanges, allowing users to natively access more than 40,000 assets through its mobile app, beyond the 330 currently listed on its platform.

With borrowed funds, Branzburg said that Coinbase is seeing people fund large purchases like cars or home renovations, without needing to sell their Bitcoin, “empowering people to help grow their wealth in ways that they couldn’t otherwise.”

The product is far different from a centralized lending service that Coinbase previously offered, which required a patchwork of state licenses. (Coinbase stopped issuing Bitcoin-backed loans in 2023 amid industry-wide, regulatory scrutiny.)

“If we’re trying to lend off our balance sheet, for example, or build some centralized financing product, it just has inherent limitations,” he said. “A technology platform to connect people with decentralized protocols can scale infinitely.”

Boosted

Crypto firms servicing users as technology providers is commonplace. Companies that offer self-custodial wallets, for example, fit the description. They are not considered intermediaries in the U.S. because users are solely responsible for controlling and securing their assets.

Although Coinbase’s newest lending product has been tapped by more than 14,200 wallets since its introduction in January, that still equates to less than 1% of the firm’s users, Branzburg said. The average loan size that users are taking out is around $50,000, he added.

User activity is taking place on Base, Coinbase’s Ethereum layer-2 network, so the exchange is earning fees indirectly through the network’s centralized sequencer, which orders transactions before they are passed on to the underlying network.

Coinbase’s newest lending product uses cbBTC, a version of wrapped Bitcoin offered by the exchange, and Circle’s USDC, which earns Coinbase income. Earlier this year, Circle’s public debut revealed that Coinbase earns 50% of the “residual payment base” generated by USDC’s backing.

Last month, Branzburg said that USDC lending rates for Coinbase users were temporarily “boosted” by Morpho. That means Morpho’s platform doesn’t entirely reflect what Coinbase users are receiving either.

In 2022, former SEC Chair and crypto skeptic Gary Gensler cautioned investors that some yields in the cryptosphere appeared “too good to be true.” He also said the public benefits from “full and fair disclosure.”

This year, crypto lending is rallying in the U.S. against a more supportive regulatory backdrop. Coinbase plans to raise loan limits for users to $5 million from $1 million, potentially unlocking what Branzburg described as billions in assets.

“We’re always thinking about the regulatory environment that we’re building in,” he said. “It’s been great to see an environment that is leaning into crypto and believes in the power of Bitcoin, DeFi, and self-custody.”

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October 3, 2025 0 comments

GameFi Guides

Plasma Partners With Chainlink to Power Stablecoin Infrastructure

by admin October 3, 2025

Plasma, a newly launched layer 1 blockchain built specifically for stablecoins, has announced a partnership with Chainlink to integrate decentralized oracle services into its network. The collaboration will enable Plasma to provide accurate and high-performance data feeds for stablecoin transactions.

Stablecoin rails for global money movement require accurate, high performance data feeds.

We are partnering with @Chainlink to provide oracle services on Plasma so builders can use digital dollars to create life-changing financial applications for those who need it most. https://t.co/FSt7zHSTwZ

— Plasma (@Plasma) October 3, 2025

Following this partnership, Plasma has joined the Chainlink SCALE program, giving developers access to Chainlink Data Feeds and the Cross-Chain Interoperability Protocol (CCIP). These integrations provide tamper-resistant pricing, real-time payment data, and secure cross-chain messaging to more than 60 other blockchains. Builders on the Plasma network will now be able to create a digital dollar application aimed at delivering accessible and secure financial services.

According to Chainlink, Plasma surpassed $5.5 billion in stablecoin supply just one week after its launch, highlighting rapid demand for stablecoin-focused blockchains.

Aave live at launch

Highlighting the ecosystem push, Aave, the largest liquidity protocol, went live on Plasma at launch. Backed by Chainlink’s infrastructure, Aave brings deep stablecoin liquidity into the Plasma network and expands its reach to a new class of builders and users.

Paul Faecks, founder and CEO of Plasma, said, “Stablecoins are one of the most important use cases in crypto. They give everyone, everywhere permissionless access to core financial services, including saving, spending, and earning. Plasma is building the infrastructure for this global financial system, and we are thrilled to join Chainlink Scale and adopt the Chainlink data and interoperability standards. With Chainlink, Plasma can scale our onchain ecosystem, strengthen our stablecoin rails, and bring mainstream adoption closer to reality.”

Stani Kulechov, Founder and CEO of Aave Labs, said, “Stablecoins are foundational to DeFi’s growth, and Aave secures over 70% of all stablecoins across DeFi lending. Bringing that deep liquidity to Plasma from day one—alongside Chainlink’s leading oracle infrastructure—extends it to a high-throughput network and a new community of builders. Together we unlock instant, low-cost stablecoin movement and secure cross-chain connectivity for real-time payments and next-generation onchain finance.”

Addressing market concerns

The announcement follows a turbulent week for XPL. On October 2, 2025, Plasma Labs issued a statement to counter speculation after its token came under heavy selling pressure. The team clarified that no member or inventor has sold tokens. Plasma stressed that all XPL allocations remain locked for three years with a one-year cliff.

Co-founder Paul added that while some employees previously worked at Blur and Blast, others came from global firms like Google, Meta, Goldman Sachs, and Temasek. Plasma also denied rumors of any ties to market maker Wintermute, confirming it has never contacted them.

Regulatory Backdrop

Plasma’s push comes against a shifting backdrop. In Washington, lawmakers recently passed the Genius Act, the first federal framework for stablecoins. The law requires issuers to be licensed, hold reserves entirely in cash or treasuries, and publish regular audits. It also bans yield payments directly from issuers, as it aims to give the sector long-awaited legal clarity.

Projects like Plasma, which emphasizes transparency and dependable stablecoin rails, may benefit from the legislation if its ecosystem aligns with these standards. Partnerships with established oracle providers like Chainlink are likely to become crucial in meeting expectations for accuracy, security, and compliance readiness.

Also Read: Stablecoin Market Cap Surpasses $300B Milestone For First Time

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October 3, 2025 0 comments

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Scaramucci Praises Solana, $500 Trillion Opportunity, DoubleZero Kicks off to Optimize SOL Validators: Solana News Recap

by admin October 3, 2025

Major Ethereum (ETH) rival Solana (SOL) is going to be dominating the digital economy in five years, a seasoned investor says. Meanwhile, the blockchain mocks competitors with its $500 trillion tokenization manifesto.

Solana (SOL) will have biggest market share in five years, top investor Scaramucci says

Solana (SOL), a $125 billion blockchain, will be leading the way in terms of market share amid all L1s in 2030. Such a forecast was shared by Anthony Scaramucci, the founder and managing partner of SkyBridge Capital.

Image via Twitter

The supremacy will be accomplished thanks to the role of Solana (SOL) as a technical architecture for real-world asset tokenization, stablecoins, bonds, stocks and so on. Commercial paper will also migrate to the Solana (SOL) blockchain, the investor says.

He added that numerous banks in the United States are exploring the opportunities of Solana (SOL) as a tech infrastructure layer for their products. The adoption would highlight Solana’s real utility as a technology.

As covered by U.Today previously, Anthony Scaramucci frequently says that Solana (SOL) has all the chances to flip Ethereum (ETH) by market capitalization in the near future.

$500 trillion manifesto released for Solana (SOL) community

In a semi-ironic manner, Solana (SOL) is asking all of its community enthusiasts not to sleep on the next big thing, i.e., tokenization of NASDAQ-listed shares on the blockchain.

Image via Twitter

Solana’s (SOL) official account echoes the statement by Max Resnick, former Ethereum (ETH) researcher and lead economist of Solana (SOL) software developer Anza.

At the moment, the statement says, there is no opportunity for any other chain to onboard tokenized stocks as Solana can.

Trillion dollars in securities are not asking to come on chain. They are coming to Solana whether we like it or not. We need to prepare.

The result of this synergy would be mutually beneficial for both Solana (SOL) and the stock trading process as such. Solana (SOL) has all the chances to accomplish the status of “world’s economy” provider in a “few quarters.”

As covered by U.Today previously, Solana (SOL) set a number of records in the RWA tokenization processes. In Q3, 2025, the protocol hit an all-time high in USD-denominated value of all tokenized products over $418 million.

DoubleZero (2Z) finally launches in mainnet beta, token collapses

Yesterday, Oct. 2, 2025, DoubleZero (2Z), a protocol designed to optimize collaboration in high-performance systems, announced the activation of its beta mainnet phase. Currently, the network’s main focus is the optimization of Solana (SOL) validator interaction with each other.

A new, faster internet is here.

DoubleZero’s high-performance global network is now live on mainnet-beta powered by 2Z.

Welcome to the world of high-performance networking. pic.twitter.com/RrlM95ZP7s

— DoubleZero IBRL/acc (@doublezero) October 2, 2025

Haseeb Qureshi, managing partner at Dragonfly, a crypto fund, and a DoubleZero investor, explained the groundbreaking importance of the protocol:

The only path to true speed-of-light transmission is dedicated fiber. That’s how YouTube moves data around the world—you can’t match it over the public Internet. 2Z is building that for blockchains. If it works, it will be bigger than just blockchains.

Despite being in a very nascent stage, the protocol has already accomplished 100 million SOL staked on DoubleZero.

The project has already released its token, dubbed 2Z. After hitting a peak price of $1.53, the token collapsed to $0.53 in just two hours. The community criticized the token for the imbalanced economic model, while some also suspect marketmakers on mass-selling their allocations.

The token was immediately listed by Binance, OKX, Upbit and other tier-1 exchanges. At the same time, it continued to drop. As of press time, 2Z is available at $0.51 in USDT pairs.

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October 3, 2025 0 comments