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HBAR/USD (TradingView)
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HBAR Rallies on Institutional Interest, Faces Resistance at $0.23

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HBAR saw heightened institutional interest over the past 24 hours, trading between $0.22 and $0.23. The strongest move came early on Oct. 2, when the token surged from $0.22 to $0.23 on heavy volume of 57 million, establishing resistance at the upper level. Subsequent trading saw repeated tests of that barrier, with consolidation just below $0.23.

Late-session volatility erased gains, with a 1% drop in the final hour as selling pressure mounted and liquidity thinned. Analysts noted declining volume into the close as a sign of potential short-term weakness.

Longer-term sentiment remains more favorable. Hedera executives recently appeared on a panel with SWIFT, Citigroup, and Germany’s Bundesbank, underscoring institutional recognition of its technology. Wyoming’s Frontier Stablecoin pilot further demonstrates enterprise use cases.

Regulatory catalysts may also be on the horizon, with the SEC reviewing a potential spot HBAR ETF this month. Despite recent declines, analysts say Hedera’s mix of partnerships and ETF prospects could support further gains in October.

HBAR/USD (TradingView)

Technical Analysis Reveals Mixed Trading Signals
  • Established resistance at the $0.23 level continues to generate consistent selling pressure during periods of increased trading volume.
  • Support levels near $0.23 have demonstrated resilience through multiple testing phases during the consolidation period.
  • Elevated trading volume of 57.63 million shares during the early morning rally suggests institutional participation and renewed investor interest.
  • Absence of trading volume in the session’s final minutes raises concerns about market liquidity and potential momentum deterioration.
  • Overall trading range of $0.0068 representing 3% volatility indicates active price discovery and market efficiency.

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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Solana Faces Mild 111.7% Liquidation Imbalance as Price Leads Gainers
Crypto Trends

Solana Faces Mild 111.7% Liquidation Imbalance as Price Leads Gainers

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On Saturday, Solana has not only flipped to the green zone, it has also recorded the highest daily price surge among all 10-largest cryptocurrencies by market capitalization. Amid this positive trend, the leading altcoin has seen the majority of its bearish traders wiped out in its 24-hour liquidation event, according to data from CoinGlass.

Solana bounces back in favor of bulls

After registering a notable 4% increase in its price over the last day, Solana has experienced a wide gap in its long and short liquidations, setting its derivatives market up due a liquidation imbalance of 111.7% within the past day.

In the last 24 hours, over $15 million in SOL was wiped out from its derivatives market due to the high price volatility witnessed during the day.

Meanwhile, traders opening short positions accounted for the largest portion of the losses suffered during the period. Notably, the data shows that long traders recorded only a minor loss of $4.95 million during the day, while short traders faced a major loss of $10.48 million.

The large gap in the long and short liquidations has seen Solana record a mild liquidation imbalance of 111.7% in favor of traders betting for its potential upsurge.

Apparently, bulls were not entirely favored as they were not completely exempted from the liquidation, they only endured a relatively lighter impact compared to the significant losses faced with traders betting against SOL’s upside momentum.

This is because Solana was spotted trading deeply in red territory before its sharp reversal to the gainer’s side. As such, the sudden reversal in SOL’s price during the 24-hour period caught both sides off guard. However, short traders bore heavier losses as Solana sharply recovered to lead the day’s top gainers.

While this trend suggests that buyers are increasingly taking control of the market despite the volatility, Solana is poised for further price upswings, preparing the market for a major price breakout.

While the countdown to the SEC’s final review on spot crypto ETFs has begun, market watchers are confident about the possible launch of a Solana ETF soon, further driving momentum for the token and pushing its price to set new records soon.



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Hong Kong harbor during a sunrise (Manson Yim/Unsplash)
GameFi Guides

KuCoin Faces $14M Canadian Action in Registration, Money Laundering Controls Dispute

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KuCoin is appealing a Canadian enforcement action in which the exchange was accused of failing to register as a money-services business and failing to maintain proper defenses against money laundering, a case that led to a penalty of more than $19 million ($14 million U.S.).

That unusually large penalty from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was imposed after finding that Seychelles-based Peken Global Limited, operating as KuCoin, didn’t report large crypto transactions and didn’t flag suspicious transactions that may have involved money laundering or terrorist financing, the agency said on Thursday.

The regulator said KuCoin didn’t report large transactions on almost 3,000 occasions from 2021 to 2024 and in 33 instances “failed to report financial transactions where there were reasonable grounds to suspect that the transactions were related to the commission or the attempted commission of a money laundering or a terrorist activity financing.”

KuCoin said it submitted an appeal with the Federal Court of Canada “on both substantive and procedural grounds.”

“While KuCoin respects the decision-making process and remains committed to regulatory compliance and transparency, it disagrees with both the finding that KuCoin is a Foreign Money Services Business and the penalty imposed, which KuCoin maintains is excessive and punitive in nature,” the company said in a Thursday statement.

This FINTRAC penalty represents the bulk of the agency’s fines in the past year, it noted, having imposed fines 23 times for a total of $25 million in that period. KuCoin’s alleged violations were said to have been serious and, in the case of the failure to report suspicious transactions, “severe.”

KuCoin has been penalized in various jurisdictions in similar cases, including one from the Ontario Securities Commission in 2023. In the U.S., the company settled with the Department of Justice earlier this year, paying nearly $300 million, pleading guilty to an unlicensed-operations charge and agreeing to stay out of the country.

Read More: South Korea Plans Sanctions Against KuCoin, Others: Report



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$180 Billion XRP Faces Its Biggest Upgrade Yet With New Ripple DeFi Roadmap
Crypto Trends

$180 Billion XRP Faces Its Biggest Upgrade Yet With New Ripple DeFi Roadmap

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Ripple’s new roadmap makes it clear that XRP, already valued at $180 billion, is being promoted as an institutional DeFi asset at a time when the sector is demonstrating its true size: $161.8 billion is locked in protocols, $292.8 billion in stablecoins, $15.6 billion is traded daily on DEXes and there is $23 billion in perpetuals volume, according to DefiLlama. 

The message is clear: XRPL is evolving beyond payments to encompass the compliance, credit and tokenized markets, where billions are already changing hands daily.

1/ Institutional DeFi is here and the XRP Ledger has solidified its position as the trusted open source settlement layer for global institutions.

The next phase of the roadmap starts now. Explore it below and read the full blog for details 🧵⬇️ https://t.co/YLQ9Po8xMQ

— RippleX (@RippleXDev) September 22, 2025

Upgrades are now live, with on-chain proof of regulatory status, freeze controls for issuers and simulation tools for reducing errors. These features address regulators’ concerns, contributing to the growth of XRPL’s stablecoin, which recently surpassed $1 billion in a single month, and its position in the top 10 real-world asset chains, valued at $15.6 billion in DeFi. XRP’s role as a settlement asset within this system continues to expand.

Source: DefiLlama

The bigger shift will come with version 3.0. A protocol-level lending system will pool liquidity and issue loans natively under KYC/AML standards, creating cheaper institutional credit and direct yield opportunities. The Multi-Purpose Token standard, due in October, will allow bonds and structured products to be issued and traded directly on XRPL. 

Bottom line

These are not side experiments but are ways of pulling regulated money into markets where XRP is both the collateral and the liquidity rail.

Privacy is next. Zero-knowledge proofs are being developed to enable institutions to transact and collateralize positions without revealing details while still passing audits.

In a market where ETFs are pulling in inflows of $270 million in a single day and stablecoins are approaching $300 billion, Ripple’s plan signals that XRP is not just surviving but is being positioned to sit at the heart of the largest flows in digital finance.





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DeFi Dev Corp lifts Solana treasury to $317m with new purchase
NFT Gaming

Solana price surge to an all-time high faces key obstacle

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Solana price has been in a strong bull run since April, when it bottomed at $95, with bulls targeting its all-time high ahead of the upcoming SOL ETF approval deadline. 

Summary

  • Solana’s blistering 150% rebound in 2025 has bulls eyeing further gains, but the rally is running headfirst into a critical technical test. A rising wedge formation on the daily chart, paired with weakening momentum signals, points to the risk of a sharp reversal.
  • Yet strong fundamentals are pulling in the opposite direction: growing confidence that regulators will approve spot Solana ETFs and anticipation for the Alpenglow upgrade, which promises to overhaul the network’s speed and staking model.
  • With heavyweight treasury buyers continuing to accumulate, SOL sits at a crossroads where technical headwinds clash with powerful catalysts for the next leg higher.

Solana price rising wedge is a major risk

Solana (SOL) token was trading at $239 at last check on Sunday, Sep. 21, up by over 150% from the year-to-date low. The token has bullish catalysts, but faces a major technical obstacle. 

The main reason why the SOL price is rising is that it has slowly formed a rising wedge pattern on the daily chart. This pattern is characterized by two ascending and converging trendlines. The upper side of this pattern has connected the highest levels since May. 

The two trendlines are about to converge, which may trigger a significant reversal in the near term. At the same time, the Relative Strength Index has formed a symmetrical triangle. Like the wedge, the two lines of this triangle are nearing their convergence.

Additionally, the two lines of the MACD indicator have crossed each other and are pointing downwards. Therefore, the token is at risk of a strong reversal if it remains inside the wedge pattern. A bearish breakdown will point to more downside, potentially to the support at $200. 

Solana price chart | Source: crypto.news

SOL fundamentals need to overcome the bearish technicals

On the positive side, Solana’s price has some notable fundamental catalysts that may help to push it higher. One of the catalysts is that the odds that the SEC will approve spot SOL ETFs have jumped to over 90%.

Several companies, including Bitwise, Canary, and 21Shares, have filed for a spot SOL ETF. As such, with the final deadline approaching, there is a likelihood that the SOL price will soar as investors anticipate more demand from American investors. 

The other key fundamental is that Solana will launch the Alpenglow upgrade in the next few months. 

While Solana has implemented some upgrades in the past, this one will be the most important. For one, it will transform it from a proof-of-authority into a proof-of-stake asset. It will also supercharge its speed, making it one of the fastest chains in crypto.

Solana is seeing strong demand from Solana treasury companies, which have continued to accumulate it. Forward Industries owns coins worth over $1.58 billion, while DeFi Development and Upexi own tokens worth over $480 million. This steady demand may continue as more companies launch their treasuries.



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Sentiment signals could spark the next rally
GameFi Guides

Bitcoin faces quantum risk: Solana co-founder issues warning

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Solana co-founder Anatoly Yakovenko has warned that Bitcoin developers must prepare for a potential quantum computing breakthrough that could render the network’s current security measures outdated.

Summary

  • At the All-In Summit, Solana co-founder Anatoly Yakovenko reignited debate over Bitcoin’s long-term security.
  • There’s a “50/50” chance that quantum computers could break its cryptographic defenses within five years. Rapid advances in AI show how quickly theory can become reality.
  • The question is not just if Bitcoin must migrate to quantum-safe cryptography—but when.

According to Yakovenko, who was speaking at the All-In Summit 2025, there is a “50/50” probability that within five years, quantum computers will be strong enough to crack the cryptographic safeguards protecting Bitcoin wallets.

The concern centers on quantum machines running algorithms like Shor’s, which could crack the Elliptic Curve Digital Signature Algorithm currently protecting Bitcoin (BTC) private keys.

This would allow attackers to forge transactions and compromise wallets, creating an existential risk for the network.

Yakovenko argued that “we should migrate Bitcoin to a quantum-resistant signature scheme” before such technology becomes viable.

Skeptics like Blockstream’s Adam Back downplay immediacy of threat

The Bitcoin community remains divided on the urgency of quantum threats. Adam Back, CEO of Blockstream, estimated that the technology is still relatively far away and argued that making Bitcoin quantum-ready is “relatively simple.”

Bitcoin Core contributor Peter Todd dismissed current quantum computers as non-existent, stating that “demos running toy problems do not count.”

Luke Dashjr, another Bitcoin Core contributor, suggested quantum threats pose less immediate danger than spam transactions and developer corruption issues the community currently faces.

Bitcoin’s design complicates any quantum upgrade. A migration to post-quantum cryptography would require a hard fork, a highly contentious and technically complex process needing widespread network support.

Yakovenko countered skepticism by pointing to quick AI advances as evidence of how quickly laboratory research can transition to real-world applications.

He suggested that when tech giants like Apple or Google deploy quantum-safe cryptographic stacks, “it’s time to migrate” Bitcoin’s security infrastructure.

Exposed keys create vulnerability

Bitcoin’s quantum vulnerability stems from two primary attack vectors. The network uses ECDSA based on the secp256k1 curve to secure private keys and validate transactions.

This makes it particularly vulnerable to Shor’s algorithm, which could derive private keys from public keys in polynomial time.

Approximately 25-30% of all Bitcoin, over 4 million BTC, including Satoshi Nakamoto’s early holdings, sits in addresses with exposed public keys.

These legacy Pay-to-Public-Key addresses are immediately vulnerable to quantum attack since their public keys are already visible on the blockchain.

Transaction windows create additional risk exposure. When Bitcoin users start transactions, they reveal public keys during the roughly 10-minute confirmation window.

A sufficiently powerful quantum computer could exploit this brief exposure to derive private keys and redirect funds before transactions confirm.



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Hayabusa2’s 2031 Landing Plan Faces an Unexpected Asteroid Nightmare
Gaming Gear

Hayabusa2’s 2031 Landing Plan Faces an Unexpected Asteroid Nightmare

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On December 6, 2020, the Hayabusa2 spacecraft dropped off pristine samples from asteroid Ryugu in the Australian outback, becoming the world’s second asteroid sample return mission, after the first Hayabusa mission returned dusty samples from asteroid Itokawa in 2010. But Hayabusa2 still has more to offer.

That same spacecraft is currently on its way to another distant space rock, aiming to snag more samples to help scientists compile the solar system’s origin story. Recent observations of the asteroid, however, reveal that Hayabusa2 might not be able to touch down on its new target.

Asteroid 1998 KY26 is a small, lumpy near-Earth object thought to contain about a million gallons of water. It rotates so quickly that a day on the rock ends almost as soon as it begins, according to NASA. Hayabusa2 is set to rendezvous with the asteroid in 2031 as part of its extended mission to collect more dust and rock straight from the source.

Now, using multiple observatories around the world, astronomers gathered more data on Hayabusa2’s new target and found that it is nearly three times smaller and spinning much faster than originally thought, according to a new paper published in Nature Communications.

Not clear for landing

The researchers behind the new paper combined the recent observations with previous radar data, revealing that the asteroid is a mere 36 feet (11 meters) wide, as opposed to 98 feet (30 meters). What’s more, the asteroid is spinning about twice as fast as earlier data suggested.

“We found that the reality of the object is completely different from what it was previously described as,” Toni Santana-Ros, a researcher from the University of Alicante, Spain, and lead author of the new paper, said in a statement. “One day on this asteroid lasts only five minutes!”

Hayabusa2’s first target measured at nearly 3,000 feet (900 meters) wide. The spacecraft landed on asteroid Ryugu on February 22, 2019, for the first time, then returned for a second touchdown in July 2019 to collect subsurface samples from a crater it had created with its first landing. Shortly before dropping off its samples on Earth, Japan’s space agency (JAXA) announced an extension to Hayabusa2’s mission and a lucky second target.

A bigger challenge awaits

Unlike its first target, however, Hayabusa2’s second landing will prove far more challenging due to the asteroid’s small size and fast rotation. The team behind the new study used the European Southern Observatory’s Very Large Telescope and other instruments to observe 1998 KY26 in preparation for the mission’s upcoming encounter.

“The amazing story here is that we found that the size of the asteroid is comparable to the size of the spacecraft that is going to visit it! And we were able to characterize such a small object using our telescopes, which means that we can do it for other objects in the future,” Santana-Ros said. “Our methods could have an impact on the plans for future near-Earth asteroid exploration or even asteroid mining.”

This has the makings of a very interesting rendezvous! Now we just have to wait—impatiently—for 2031 to arrive.



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Ethereum Faces Validator Bottleneck With 2.5M ETH Awaiting Exit
NFT Gaming

Ethereum Faces Validator Bottleneck With 2.5M ETH Awaiting Exit

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Ethereum’s proof-of-stake system is facing its largest test yet. As of mid-September, roughly 2.5 million ETH — valued at roughly $11.25 billion — is waiting to leave the validator set, according to validator queue dashboards.

The backlog pushed exit wait times to more than 46 days on Monday, the longest in Ethereum’s short staking history, dashboards show. The last peak, in August, put the exit queue at 18 days.

The initial spark came on Sept. 9, when Kiln, a large infrastructure provider, chose to exit all of its validators as a safety precaution. The move, triggered by recent security incidents including the NPM supply-chain attack and the SwissBorg breach, pushed around 1.6 million ETH into the queue at once. Though unrelated to Ethereum’s staking protocol itself, the hacks rattled confidence enough for Kiln to hit pause, highlighting how events in the broader crypto ecosystem can cascade into Ethereum’s validator dynamics.

In a blog post from staking provider Figment, Senior Analyst Benjamin Thalman noted that the current exit queue build up isn’t only about security. After ETH has rallied more than 160% since April, some stakers are simply taking profits. Others, especially institutional players, are shifting their portfolios exposure.

At the same time, validators entering the Ethereum staking ecosystem have been steadily rising. The SEC’s May statement clarifying that staking is not a security has renewed interests in staking. Anticipation of ETH ETF approvals is another driver, as funds prepare for regulated ways to capture staking yield, Thalman noted.

Ethereum’s churn limit, which is a protocol safeguard that caps how many validators can enter or exit over a certain time period, is currently capped at 256 ETH per epoch (about 6.4 minutes), restricting how quickly validators can join or leave the network, and is meant to keep the network stable.

With more than 2.5M ETH lined up, stakers on Wednesday face 44 days before even reaching the cooldown step.

Thalman believes that much of the ETH existing will simply be restaked under new validators, meaning that if even 75% of the current queue is re-deposited, nearly 2 million ETH will flood the activation queue, bringing delays for new ETH staking, and a backlog on both sides of the validator queue.

“The activation queue is currently 13 days, to this add the ~2M ETH from those currently exiting (35 days) and 4.7M from ETFs (81 days), and the total is 129 days. This assumes that there are no other ETH holders that choose to stake and enter the queue, like corporate treasuries,” Thalman wrote in the blog.

The swelling queue underscores a paradox: Ethereum is working “as intended” Thalman notes, and the demand to both exit and re-enter highlights staking’s central role in the ecosystem. The network is thus experiencing the growing pains of a maturing, institutionalized system where infrastructure scares, profit cycles, and regulatory shifts all collide in real time.

Read more: Ethereum Staking Queue Overtakes Exits as Fears of a Sell-off Subside



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Google faces its first AI Overviews lawsuit from a major US publisher

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Even though Google’s AI Overviews were introduced with a comically rocky start, it’s about to face a far more serious challenge. Penske Media, the publisher for Rolling Stone, Variety, Billboard and others, filed a lawsuit against Google, claiming the tech giant illegally powers its AI Overviews feature with content from its sites. Penske claimed in the lawsuit that the AI feature is also “siphoning and discouraging user traffic to PMC’s and other publishers’ websites,” adding that “the revenue generated by those visits will decline.”

The lawsuit, filed in Washington, DC’s federal district court, claims that about 20 percent of Google searches that link to one of Penske’s sites now have AI Overviews. The media company argued that this percentage will continue to increase and that its affiliate revenue through 2024 dropped by more than a third from its peak. Google spokesperson Jose Castaneda said that the tech giant will “defend against these meritless claims” and that “AI Overviews send traffic to a greater diversity of sites.”

Earlier this year, Google faced a similar lawsuit from Chegg, an educational tech company that’s known for textbook rentals. Like Penske Media, this lawsuit alleged that Google’s AI Overviews hurt website traffic and revenue for Chegg. However, the Penske lawsuit is the first time that Google has faced legal action from a major US publisher about its AI search capabilities.

Beyond Google’s legal troubles, other AI companies have also been facing their own court cases. In 2023, the New York Times sued OpenAI, claiming the AI company used published news articles to train its chatbots without offering compensation. More recently, Anthropic agreed to pay a $1.5 billion settlement in a class action lawsuit targeting its Claude chatbot’s use of copyrighted works.



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Breaking: Major XRP ETF Proposed by $1.5 Trillion Financial Giant Faces Fresh SEC Delay
NFT Gaming

Breaking: Major XRP ETF Proposed by $1.5 Trillion Financial Giant Faces Fresh SEC Delay

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  • Current approval odds
  • Other recent delays 

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on the XRP exchange-traded fund (ETF) proposal filed by American multinational investment management holding company Franklin Templeton.

The review of Cboe BZX’s proposal to list the aforementioned product has been extended to Nov. 14.  

As reported by U.Today, Franklin Templeton, which boasts a total of $1.53 trillion worth of assets under management, originally filed to launch an XRP ETF in early March.

It remains the most prominent player to enter the closely watched XRP ETF race. 

BlackRock, the world’s leading asset manager with $12.5 trillion worth of assets as of Q2 2025, is reportedly not considering filing for an XRP ETF. The same applies to a Solana-based ETF.  

Current approval odds

As reported by U.Today, the odds of the SEC approving an XRP ETF in 2025 recently surged well above 90% on the Polymarket betting website. At press time, the odds currently stand at 92%. 

Bloomberg analysts previously stated that the approval of spot altcoin ETFs would likely come this October. 

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Other recent delays 

On top of that, the SEC has delayed the approval of staking 

Earlier this week, the regulator also pushed back its decision on Bitwise’s Dogecoin exchange-traded fund (ETF). 



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