The post LayerZero Price Surges Back Toward $2 – Can the Comeback Last? appeared first on Coindoo.

At roughly $1.85 on Kraken’s daily chart, ZRO was up about 6.1% against the previous close at 21:02 UTC on October 1, with the session still underway.

ZRO has recovered its August trading ceiling

After months of declines, ZRO formed a summer base and rebounded in August. September’s pullback stopped above that base, and the subsequent rally cleared the August peak, establishing the higher low and higher high associated with an emerging uptrend.

The break above $1.20-$1.30 carried price through both the August resistance area and the 200sma, now near $1.248. Holding this zone during a future retreat would help preserve the breakout that started the latest advance.

The same rally has lifted ZRO above all three moving averages. The 50sma is turning higher, although it remains below the 200sma, which is still falling. That mixed alignment reflects how recent the improvement is relative to the preceding decline.

Closer to the current price, buyers have already responded inside $1.55-$1.65. The October 1 candle reached $1.622 before rebounding toward $1.85, making this the first area to watch if selling returns. A daily close above the zone would strengthen the evidence that it is holding.

ZRO now approaches $1.90-$2.00, where it traded before April’s sharp decline. A daily close above $2, followed by a pullback that holds the area, would provide stronger evidence of a breakout. The next visible historical trading region sits around $2.20-$2.40.

ZRO approaches that resistance with its 14-period RSI near 77.9, reflecting the rapid advance. Readings above 70 are commonly described as overbought, but momentum can remain elevated during a strong rally. A falling RSI would become more concerning if price also lost reclaimed support.

If resistance holds, the depth of the pullback would help distinguish consolidation from a weakening rally:

Below that breakout area, a deeper decline would approach the rising blue trendline near $1.10 and the 50sma around $1.14, followed by the 100sma near $0.99. The diagonal moves higher with time, so its position needs to be checked against the date of any later test.

Anchorage and ATLAS broaden LayerZero’s plans

LayerZero’s September announcements offer possible context for that recovery. The project helps applications on different blockchains communicate, allowing stablecoin issuers to coordinate transfers of a token made available across several networks.

On September 21, LayerZero announced that Anchorage Digital had selected it as the preferred provider of cross-chain connectivity for its stablecoin issuance platform. USAT was identified as the first Anchorage-issued stablecoin to launch using LayerZero’s OFT token standard.

LayerZero followed that announcement with an ATLAS performance demonstration on September 28. ATLAS is intended to provide the infrastructure behind trading venues that operate their own customer-facing services. Its proposed role includes matching orders and settling trades, extending LayerZero’s plans beyond transferring assets between blockchains.

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How that activity could create demand for ZRO

Under the announced ATLAS design, trading venues can stake ZRO to qualify for higher fee rebates. After those rebates, 75% of the remaining fees would fund purchases and burns of ZRO. For example, a $40 venue rebate on $100 in trading fees would leave $60, of which $45 would go toward buying and burning the token.

That mechanism depends on trading activity generating fees after launch. LayerZero currently describes ATLAS as launching later this year, so its potential token purchases remain separate from the buybacks already taking place through Stargate revenue.

The Foundation’s dashboard records roughly 2.38 million ZRO purchased cumulatively through revenue-funded buybacks and identifies Stargate revenue buying as active. Its latest monthly entry covers August, so it cannot establish whether fresh purchases supported September’s rally. The separate protocol fee switch remains inactive.

Buybacks must also be weighed against tokens becoming available through vesting. Under the Foundation’s published allocation schedule, strategic partners and contributors receive monthly unlocks after an initial lockup. Those releases give recipients additional tokens they could sell, potentially offsetting some of the demand created by purchases.

After launch, trading volumes and the fees left after venue rebates would let investors estimate how much buying the ATLAS model can fund. Comparing that estimate with published purchase and burn transactions would show whether the announced mechanism is operating as designed.

This article is for informational purposes only and does not constitute investment advice. Technical levels are approximate and do not guarantee future price movements.

The post LayerZero Price Surges Back Toward $2 – Can the Comeback Last? appeared first on Coindoo.

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Source: https://coindoo.com/layerzero-price-surges-can-comeback-last/

The post Arbitrum Price Holds Near $0.20 After September’s Surge Fades appeared first on Coindoo.

Key Takeaways

At 07:22 UTC on October 2, ARB was near $0.205 on Bitstamp, up approximately 2.46% against the previous daily close. With the session still open, that modest rebound left price only slightly above support after several days of retreat.

ARB still holds above September’s higher low

Through much of June, July and August, ARB traded around $0.073–$0.10 as selling eased and a base developed. Attempts to recover kept running into the descending blue trendline linking the May and July highs. Breaking above that line ahead of September’s acceleration allowed the rebound to extend beyond the pattern of falling highs.

The first sharp advance was followed by a pullback toward $0.132, where buyers returned above the late-August low. Their next push carried ARB to a September wick high near $0.255. That higher low followed by a higher high established the recovery more clearly than the trendline break alone.

Although ARB has since lost ground, it remains well above that September low. The recent decline has weakened the shorter-term trend without yet undoing the larger sequence. Its next support test sits along the rising blue line drawn through the late-August and September lows, which reaches approximately $0.19 at the current candle.

That diagonal lies near the earlier September peak, giving buyers two nearby chart references: the rising path of the recovery’s lows and a horizontal area that previously stopped the advance. Both now fall within or close to the $0.19-$0.20 zone.

The nearby support test matters more than the distant SMAs

Price has already dipped into this horizontal area and recovered, leaving lower wicks on recent candles. The October 2 candle reached roughly $0.1991 before moving higher. That shows buyers responding near $0.20, while a completed retest of the rising trendline closer to $0.19 remains unconfirmed.

For anyone following the rebound, the important observation is whether those recoveries last. A wick records a rejected price during one session; several sessions holding above support might provide stronger evidence of sustained buying. If each bounce instead stops lower and brings ARB back toward the same floor, the recovery would be struggling to regain ground.

Below the immediate test, earlier price levels and moving averages provide deeper references:

ARB remains above all three SMAs, with the 50 SMA above the 100 SMA and 200 SMA. Each simple moving average tracks daily closing prices over its stated period, so this alignment reflects the improvement since the summer base. The averages describe that slower recovery, while nearby support tests whether buyers are still defending it today.

A fall to the first deeper area would mean another decline of approximately 27%-29% from $0.205. Price could therefore remain above its longer averages while suffering a substantial additional loss. The distance makes the response around $0.19–$0.20 more useful for assessing the immediate pullback than the fact that ARB still trades above the 50sma.

RSI has already cooled more visibly. The 14-period relative strength index, which compares recent gains with losses, stood near 57.7, below its yellow smoothing line around 65.1 and well below September’s overbought readings.

During the advance, ARB also recorded a higher closing-price high while RSI reached a lower corresponding peak. This bearish divergence showed that the later price high had weaker momentum behind it, adding caution to the rally before the current retreat.

At 57.7, average gains still outweigh average losses under the indicator’s calculation. Momentum has weakened without falling below its midpoint, so the reading does not establish a reversal on its own. A sustained move below 50 accompanying a break of price support would provide a stronger warning than the divergence alone.

Licensing fees dominate Arbitrum’s September income

While ARB has pulled back, the latest revenue reporting points to a stronger month for Arbitrum. BlockBeats reported September revenue of $5.45 million, including $4.75 million from Orbit licensing fees. Licensing accounted for approximately 87% of that reported total.

Businesses can use Arbitrum’s technology to operate dedicated chains, with qualifying networks contributing a share of protocol net revenue under the Arbitrum Expansion Program. This gives Arbitrum an income stream linked to activity on those chains, alongside the fees generated on its own shared network.

The official Robinhood Chain factsheet explains the split: 8% of protocol net revenue goes to the ArbitrumDAO treasury and 2% to the Developer Guild. Together, those contributions make up the programme’s 10% share.

For example, $1 million of qualifying net protocol revenue would produce an $80,000 treasury contribution and $20,000 for the Guild. That is an illustration of the agreement, not a reported monthly payment. The calculation starts with net revenue, so applying the same percentages to gross user fees would give a different result.

Arbitrum has also launched Priority Gas Auctions, adding income from competition over transaction ordering. A trading application can attach a priority fee when earlier execution matters to it. Under the PGA rules, 97% of collected priority fees goes to the DAO treasury and 3% to the Developer Guild. Those fees supplement the much larger licensing contribution in September’s reported breakdown.

ARB holders participate in governance decisions, but treasury income does not automatically give each holder a payment. Understanding how Arbitrum’s revenue connects to ARB therefore requires looking at how those funds are used, including development and other approved spending.

Recurring income could give the DAO more resources for that work. September’s total, however, leaves open how much licensing revenue will persist as activity on contributing chains changes. A large contribution concentrated in one category can vary considerably between months. Following that breakdown over time would help investors judge whether the treasury’s stronger income is durable.

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The next rebound needs to hold its gains

Losing nearby support would be an earlier setback than breaking September’s higher low around $0.13-$0.135. That lower area marks where buyers previously restarted the advance, so a subsequent loss would do more damage to the broader recovery.

A rebound becomes more convincing when renewed selling fails to push price back below the ground buyers have recovered. That response would provide firmer evidence of demand than the first green candle after the decline.

This article is for informational purposes only and does not constitute investment advice. Technical levels are approximate and reflect the chart at the stated timestamp.

The post Arbitrum Price Holds Near $0.20 After September’s Surge Fades appeared first on Coindoo.

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Source: https://coindoo.com/arbitrum-price-september-surge-fades/

The post ENA Gets a $2 Target from Standard Chartered: What Has to Go Right? appeared first on Coindoo.

The Defiant reported the forecast; because the bank’s research note is not public, the case must be assessed through Ethena’s business model and the conditions attached to it.

How Ethena’s dollar model works

Ethena is a synthetic-dollar protocol built on crypto rails. Its flagship product, USDe, is a dollar-denominated digital asset backed by crypto assets and corresponding short futures positions, according to Ethena’s documentation.

The design aims to reduce the impact of directional moves in the collateral. If the crypto assets backing USDe rise or fall, short derivative positions are intended to move in the opposite direction. Staking rewards from collateral and funding payments in perpetual-futures markets can contribute to the returns generated through Ethena’s savings product, sUSDe.

The hedge is designed to reduce directional risk; it does not remove funding-rate, liquidity, execution, custody or counterparty risk. That is why USDe should be assessed through the resilience of its full operating model, not only its dollar peg.

Why the wider onchain-dollar market matters

Digital dollars are increasingly being used for settlement, collateral, savings products and tokenized investments. That gives protocols such as Ethena a potential role beyond serving traders who need a stable balance between crypto positions.

Coindoo recently examined why crypto’s next growth phase may be built on dollars rather than Bitcoin. Citing Visa Onchain Analytics, that analysis found adjusted stablecoin volume rose 58% and adjusted transaction count increased 35% in the 12 months through August 31.

Those figures suggest that onchain-dollar rails are expanding. They do not show which protocol will retain the activity, how much is economically valuable or whether a larger stablecoin market will create demand for ENA. Ethena still needs to compete for distribution, liquidity and user trust.

Where ENA fits into Ethena’s growth

A larger USDe supply could support higher protocol activity and revenue. The benefit to ENA depends on how that revenue is allocated among reserves, operating costs, user rewards, token emissions and tokenholder mechanisms.

The Defiant cited Ethena’s buyback programme as part of Standard Chartered’s reported investment case. The public fee-switch proposal provides the necessary detail: it would direct part of net protocol revenue to ENA buybacks after specified USDe supply milestones are reached, subject to the governance process and the framework’s conditions.

That is a possible value-accrual route, not a fixed demand source. The scale of any buybacks would depend on revenue, the milestones reached and the eventual implementation. A strong USDe growth figure alone would therefore give readers only part of the picture.

A previous Standard Chartered call offers a useful warning

Standard Chartered’s earlier Chainlink forecast shows why a bank target should not be treated as a simple explanation for a token’s next daily move. Our team recorded that LINK was largely unchanged on the day the bank released its August forecast, then gained about 6% the following day before extending its recovery in later sessions.

The timing made the forecast part of the market narrative, yet it did not establish that the call caused the buying. The current ENA move arrives while altcoins are also recovering more broadly, making it even harder to separate interest in one reported target from the wider market backdrop.

Past market reactions do not guarantee future results. The Chainlink episode is useful only as a reminder that analyst coverage can attract attention while price still depends on liquidity, positioning, risk appetite and the token’s own technical structure.

ENA is holding its first support area

On the daily ENA/USDC chart, the first support range sits near $0.244-$0.246. The 23.6% Fibonacci retracement lies around $0.244, while the rising diagonal trendline approaches the same area.

Daily closes that keep ENA above this range could indicate that buyers are still defending the latest advance. A sustained move below it could bring the next wider support area into view.

ENA repeatedly stalled, pulled back and recovered around the $0.21-$0.22 area during September’s advance. That history gives the 38.2% retracement near $0.213 more context than a Fibonacci line on its own. If the first support weakens, this is the next range where the market could show whether buyers remain active.

The reported target creates a framework to test

The $2 call gives ENA a long-term narrative, yet the useful evidence will arrive in smaller steps. Readers can follow whether USDe grows outside favourable funding conditions, whether Ethena adds new uses without weakening its risk controls and whether the fee-switch framework delivers a visible benefit to ENA holders.

For now, the daily chart offers the nearer test around $0.245. The longer-term case rests on Ethena’s ability to turn a growing digital-dollar business into durable, measurable value for its token.

This article discusses a Standard Chartered target reported by The Defiant and is provided for informational purposes only. It does not constitute financial or investment advice.

The post ENA Gets a $2 Target from Standard Chartered: What Has to Go Right? appeared first on Coindoo.

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Source: https://coindoo.com/ena-2-target-from-standard-chartered-what-right/

The post 5 Biggest Crypto Gainers in 24 Hours: Altcoin Rally Broadens appeared first on Coindoo.

Key Takeaways

The five gainers cover Bitcoin applications, privacy, AI and synthetic dollars. Their advances follow a broader improvement documented in Coindoo’s September 27 review of the altcoin recovery, which found that strength had spread across more tokens.

Market snapshot, October 1, 2026. Figures show rolling 24-hour price changes at 07:40 UTC.

The earlier market review also identified more tokens moving onto exchanges and substantial futures positioning. Those conditions matter when holders take profits: available buyers need to absorb the selling, while leveraged positions can amplify a reversal.

Recent project announcements give investors additional reasons to assess these assets. They provide possible support for interest in the tokens, although they have not been established as the causes of the daily gains.

Stacks gives institutions a route into Bitcoin staking

Stacks supports smart contracts and financial applications connected to Bitcoin. In the announcement shared by Stacks, Anchorage Digital said it was building custody support for a service that would let institutions commit BTC for a term and receive rewards in BTC.

NEW: @Anchorage is building support for Bitcoin Staking on Stacks.

Institutions can enroll and fund a BTC Bond directly via their Anchorage account, earn weekly BTC rewards, and reclaim principal at maturity.

BTC stays in custody at a federally chartered bank on Bitcoin L1. pic.twitter.com/AdhMFv311a

— stacks.btc (@Stacks) September 24, 2026

Anchorage’s description says the Bitcoin would remain on its original network under the bank’s custody. The service uses Stacks’ PoX-5 mechanism; it does not change how Bitcoin itself reaches consensus. Participating clients would also commit STX and handle the required registration.

That STX commitment links institutional participation to the token. Wider use could increase demand to hold and commit STX, although participants may already own the tokens they need. The amount of capital entering the programme will therefore matter more than the custody announcement alone.

NEAR’s fund brings exposure into brokerage accounts

NEAR also has a new route for investors, through a U.S.-listed fund. Bitwise launched NRR on NYSE Arca on September 29, giving brokerage customers exposure to the smart-contract network’s token without managing a crypto wallet.

The trust also intends to stake NEAR. As explained in Coindoo’s coverage of the fund’s staking feature, earned rewards are intended to add to the assets backing its shares. The amount reaching investors depends on the tokens actually staked, the rewards earned and fund expenses.

For the token market, growth in newly issued fund shares can increase the trust’s NEAR holdings. Buying and selling existing shares between investors does not necessarily do so. Changes in holdings and share creations would show whether the new product is attracting additional exposure; redemptions could work in the opposite direction.

Midnight’s messenger offers an early privacy example

Midnight allows applications to verify information while keeping selected data private. A September 29 report from the Midnight Messenger developer described iPhone and Android apps in internal beta. Identity registration used Midnight’s test environment, while encrypted messages stayed outside the blockchain.

The developer also reported sponsored registration, so users would not need tokens to sign up. That illustrates Midnight’s NIGHT/DUST model: NIGHT holdings generate DUST, the resource used to fund transactions. Applications can use that resource to pay users’ costs. This makes the funding model easier to understand, but the messenger remains an early test rather than evidence of substantial commercial demand for NIGHT.

FET’s AI plans sit alongside a recent exploit

FET is the token associated with the Artificial Superintelligence Alliance and is used for fees, services and staking in the Fetch.ai ecosystem. The alliance advertised a September 29 discussion about ASI:Chain, its planned blockchain for AI workloads. That communication describes development ambitions rather than a new source of established token usage.

Ethena plans stock-linked trades to diversify income

ENA is Ethena’s project token, distinct from its synthetic dollar USDe. On September 25, Ethena announced Binance as the first venue for a proposed strategy combining stock-linked tokens with equity derivatives.

The plan is to hold a stock-linked token and take a short position designed to offset its price movements. Ethena aims to earn income while limiting exposure to the stock’s direction. Coindoo’s explanation of the strategy examines how this could diversify revenue beyond crypto-market funding.

The risk is that the stock-linked token and its hedge can price differently, especially when liquidity is thin or the underlying stock market is closed. Reliable performance could strengthen confidence in Ethena’s business, while losses or difficult exits could weaken it. Any benefit to ENA holders would still depend on how the token captures value from that business.

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Softer inflation has not removed the pressure from yields

Even successful project developments compete with conditions outside crypto. The September 30 inflation report reduced the urgency for another Fed rate increase, according to Reuters. Annual core PCE inflation was 3.0%, matching July’s revised rate. The report was better than feared, without showing a new annual decline.

A reduced threat of further tightening can encourage investors to hold riskier assets. Yet October 1 bond-market reporting showed that Treasury yields remained elevated. Higher yields raise financing costs and make interest-paying investments more competitive. The dollar’s rise to a more than three-month high adds another concern: dollar strength can accompany tighter funding conditions internationally.

Oil could ease or intensify that pressure. Reuters reported on October 1 that recovering Gulf exports were easing supply concerns. A sustained improvement could reduce future inflation pressure, while renewed disruption linked to the U.S.-Iran conflict could revive it.

The next scheduled U.S. employment report arrives on October 2 at 8:30 a.m. Eastern time. Investors will assess hiring, unemployment and wages together:

The rally’s durability will become clearer when holders take profits. Buyers absorbing that supply through spot purchases would be more encouraging than gains accompanied mainly by growing leverage. If bids hold while yields remain high, it would suggest demand can withstand restrictive financing conditions.

The post 5 Biggest Crypto Gainers in 24 Hours: Altcoin Rally Broadens appeared first on Coindoo.

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Source: https://coindoo.com/5-biggest-crypto-gainers-in-24-hours-altcoin-rally-broadens/

The post ETHFI Falls 6% After Yesterday’s Rally: Key Levels to Watch appeared first on Coindoo.

Key Takeaways

After failing to hold the move toward $0.81–$0.82, ETHFI traded near $0.733 on Coinbase’s daily chart at 14:07 UTC on October 1. The open candle showed a decline of about 6.5%, with the final daily result still dependent on where the session closes.

That retreat brings the lower boundary of its rising formation into focus. Pullbacks can occur during an uptrend, but a rebound from this boundary would provide firmer evidence that buyers are defending the advance than the size of the decline alone.

How Ether.fi’s expansion connects to ETHFI

Ether.fi’s business has been broadening beyond restaking, with its August 13 app release adding tokenized asset trading, portfolio-backed borrowing and payment connections. Those services underpin its crypto neobank branding, although Ether.fi states that it is not a bank.

The expansion accompanies a retreat from EigenLayer restaking, where CEO Mike Silagadze cited weak additional yields and perceived risks in September 28 reporting. That change concerns the extra restaking layer; ordinary Ethereum staking remains available through eETH and weETH.

Product activity connects to ETHFI through the buyback programme, which uses withdrawal fees and part of protocol revenue to purchase tokens. Coindoo’s earlier analysis of crypto gainers and their fundamentals also examined this link between Ether.fi’s usage and token demand. However, acquired tokens go to stakers or liquidity rather than being permanently burned, leaving them available for later sale.

Brokerage access is also expanding through the physically backed ETHFI ETP launched by 21Shares on September 22. Its effect on demand depends on investor purchases, so the listing alone cannot explain the rally. The immediate price test remains whether buyers hold the ground gained.

The first support test sits near $0.70

The lower blue trendline marks that test around $0.69–$0.70 at the October 1 candle, with its position rising over time. A pullback here would revisit support within the existing advance, rather than retest a confirmed breakout above the upper boundary.

The lower blue trendline marks that test around $0.69-$0.70 at the October 1 candle, with its position rising over time. A pullback here would revisit support within the existing advance, rather than retest a confirmed breakout above the upper boundary.

If ETHFI tests the trendline, closes above it and sustains a rebound, buyers would have a basis for recovering $0.75–$0.78. Holding that area would then strengthen the case for another attempt at the rejected $0.81–$0.82 zone.

A close below the line followed by a failed reclaim would instead suggest that former support is resisting rebounds. Losing $0.64–$0.65 afterward would break a recent higher low and bring the 50-day average into focus. Because that average follows past closing prices, it is a trend reference rather than a guaranteed floor.

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RSI can help assess the strength of a rebound

Alongside those price tests, the relative strength index can help assess momentum by comparing recent gains with losses, usually over 14 periods. This chart has no RSI panel, so it cannot establish a current reading or divergence.

If RSI falls from above 70 but holds above 50 while price defends support, that would be consistent with cooling momentum within the advance. A sustained move below 50 alongside a support break would reinforce weakness. On a later rebound, a higher price high paired with a lower RSI high would also warn that momentum is fading.

The next rebound therefore matters more than an immediate return to the highs. A recovery that holds after the initial bounce would show buyers accepting higher prices again; repeated rejection below lost support would point toward a deeper correction.

The post ETHFI Falls 6% After Yesterday’s Rally: Key Levels to Watch appeared first on Coindoo.

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Source: https://coindoo.com/ethfi-falls-evels-to-watch/

The post XRP Treasury Evernorth Clears Vote for Nasdaq Listing appeared first on Coindoo.

Key Takeaways

The vote brings Evernorth closer to public markets

Armada Acquisition Corp. II shareholders approved the business combination on September 30 by approximately 20.5 million votes to 1.36 million, according to its October 1 SEC filing. Their approval allows the deal to proceed through Armada, a listed acquisition company formed to merge with another business and bring it into public markets.

Following the vote, Evernorth expects the transaction to close on October 7 and the combined company to begin trading on October 8, according to its official announcement. Meeting the remaining closing conditions would bring the XRP treasury plans introduced last year into public markets through Armada’s existing XRPN symbol, with Evernorth becoming the business behind the traded shares.

How the financing becomes an XRP treasury

The transaction and related private placements have raised more than $1 billion through a combination of cash and XRP supplied by investors. Some of the treasury therefore comes from in-kind contributions, where investors transfer tokens they already own in exchange for an ownership interest. Those contributions help assemble the treasury without necessarily requiring new purchases on an exchange.

The cash portion is expected to provide approximately $300 million before transaction expenses, including $225 million from private placements, $30 million in incremental convertible note financing and roughly $48 million from Armada’s trust. These rounded amounts describe gross proceeds; the cash available for purchases and operations will depend on what remains after expenses.

The same distinction between funding and assets helps explain the XRP figures. The merger prospectus reports that Evernorth held 346.3 million XRP on June 30, whereas the latest announcement projects roughly 473 million in the combined treasury at closing. Because those balances cover different dates and entities, their difference should not be presented as evidence of a recent market purchase.

For XRP holders, further buying will depend on how Evernorth deploys its cash and whether it raises additional capital. The larger closing balance establishes the scale of the planned treasury, while subsequent disclosures will show how much of its growth comes from purchases, contributions or investment returns.

Owning the stock adds a corporate layer to XRP exposure

Once the combination closes, an investor buying Evernorth stock will own part of a company whose assets and strategy are heavily linked to XRP. Corporate expenses, liabilities and management decisions will also affect that investment, so the stock’s performance can diverge from the token’s even when XRP remains the dominant treasury asset.

Buying shares also affects funding differently from buying tokens. A purchase of existing stock pays another shareholder, while Evernorth receives capital through transactions such as issuing securities or borrowing. Only when the company uses that capital to acquire XRP does the financing translate into additional treasury buying.

Investors will assess those choices against estimated net asset value, which measures assets less liabilities. Confidence in management’s ability to expand the treasury could support a share-price premium to that value, while concern about costs or execution could produce a discount. The price paid for the stock therefore influences how much underlying asset exposure an investor obtains.

A larger treasury can leave each share with less XRP

Financing becomes especially important when treasury growth is measured per share, one of Evernorth’s stated performance indicators. If acquiring more XRP requires issuing more stock, existing shareholders need to know whether the assets grew faster than the number of shares representing them.

For a simple hypothetical example, imagine a company with 100 million XRP and 10 million shares outstanding: its ratio is 10 XRP per share. Increasing the treasury to 120 million XRP while expanding the share count to 15 million reduces that ratio to 8. Although the company holds more tokens, each share represents a smaller amount, before considering other assets and liabilities.

The terms on which capital is raised can change that outcome. A premium to net asset value may let the company issue shares on favourable terms and use the proceeds to expand its holdings. If that premium shrinks, raising capital in a way that improves exposure for existing shareholders can become harder.

To apply this analysis to Evernorth, readers will need its final holdings and capital structure after closing. Its published XRP-per-share calculation includes outstanding Class A and Class C shares; warrants and other potential issuance also need to be assessed for their possible effect on future ownership.

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Investment income brings another set of risks

Evernorth also intends to grow its holdings by putting some of them to work through lending, derivatives strategies and liquidity provision. These yield activities are planned to begin after closing, when their results can start to be measured alongside the effects of capital raising.

Lending illustrates the trade-off. A borrower pays for access to XRP, creating potential income for the treasury, but that return depends on repayment and the terms governing when the assets become available again. Coindoo’s explanation of how lending on the XRP Ledger would work examines why credit quality and withdrawal conditions matter when tokens are deployed in loans.

Liquidity provision and derivatives introduce their own exposures: earning trading fees can change the mix of assets held, while some income-generating derivatives strategies limit upside or create hedging risk. Investors would therefore need to assess income alongside losses and the amount of capital exposed, rather than assess its income in isolation.

The first reports will make the strategy measurable

After closing, investors will need enough information to separate the assets assembled through the transaction from the results management produces afterward:

With that starting position established, later reports can show whether financing and investment activity increase the XRP attributable to each share. That comparison will let shareholders judge what management has added to their exposure, beyond changes caused by XRP’s market price.

The post XRP Treasury Evernorth Clears Vote for Nasdaq Listing appeared first on Coindoo.

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Source: https://coindoo.com/xrp-treasury-evernorth-clears-vote-for-nasdaq-listing/

The post NIGHT Up Over 75%: What Could Put the Rally at Risk? appeared first on Coindoo.

NIGHT’s pullback left it near $0.0409 on October 1, still about 77.5% above its September 25 price of roughly $0.0230. Although sellers trimmed a larger gain, the retreat has so far preserved much of the advance.

The rise coincided with a wider recovery in altcoins, with NIGHT among the tokens highlighted in our review of the broadening rally. For NIGHT, that strength built on a recovery that had started before the latest surge.

How NIGHT broke the pattern of falling highs

NIGHT spent much of the year making lower highs, as sellers stopped each rebound below the previous one. The long descending blue trendline traces that pattern. Crossing above it before the late-September rally was the first indication that buyers were beginning to overcome the pressure that had kept the token falling.

September’s pullbacks then held above the July and August lows, while the latest advance cleared the earlier September highs. Those higher lows and the new higher high strengthened the reversal case: buyers were defending declines sooner and carrying rebounds further.

The speed of the latest rally has nevertheless stretched momentum. The 14-period relative strength index, or RSI, was near 86.6, well above the conventional overbought threshold of 70. Such a reading reflects strong recent gains, but cannot tell traders when the rally will end.

A pullback can therefore occur while the uptrend survives. What would weaken that case is a series of failed rebounds followed by lower lows. The response at support will help show whether buyers are pausing after the surge or losing control of the recovery.

Where buyers could defend the rally

The closest moving average below NIGHT is the 200 SMA, or 200-day simple moving average, near $0.0303. It falls within the $0.030-$0.031 area where price traded repeatedly earlier in the year, making that zone worth watching if the pullback deepens.

Reaching the 200 SMA from $0.0409 would mean a decline of roughly 26%. Even if buyers defended it and kept the broader recovery intact, that would be a substantial loss for someone entering after the surge. The deeper references sit around the rally’s starting point and the rising trendline:

$0.030-$0.031: 200 SMA

The 200 SMA near $0.0303 overlaps earlier trading activity.

$0.023-$0.024: 100 SMA

The 100 SMA sits near the area where the latest rally began.

Around $0.0222: 50 SMA

The 50 SMA provides another reference just below that starting area.

$0.020-$0.021: rising trendline

The line connects the recovery’s lows, with its support level rising over time.

If NIGHT tests $0.030–$0.031, closes above it and sustains a rebound, buyers would have evidence that the area is attracting demand. A close below it followed by a failed reclaim would shift attention toward the 100 SMA at $0.023-$0.024. Falling through that second zone would erase most of the gain since September 25.

The 50 SMA and rising trendline sit below it. Losing the trendline and then breaking the preceding swing low would undermine the higher-low structure that supports the recovery. Since the October 1 candle was still open when the chart was captured, a completed daily close and the next rebound would carry more weight than a brief move through support.

What Midnight lets an application keep private

The rally has also brought attention to the technology behind NIGHT. Midnight lets applications verify information without publishing all the underlying data. It uses zero-knowledge proofs to check a claim while keeping the sensitive details behind it private.

An application could, for example, verify that someone is over 21 without revealing their full date of birth. The person provides suitable identity evidence, and the application checks the age requirement. This limits unnecessary disclosure, although the proof still needs reliable identity evidence to establish a meaningful result.

Financial applications could use the same approach to check eligibility while protecting customer information. For NIGHT holders, the commercial relevance depends on whether those services generate demand for the resources needed to run transactions.

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How application use connects to NIGHT

Midnight charges transaction fees in DUST, a resource generated over time by registered NIGHT holdings. Transactions consume DUST while the NIGHT remains held. Because DUST is non-transferable and used to pay network fees, generating it should not be confused with earning cash interest.

Application providers can sponsor those fees, allowing users to access a service without buying NIGHT themselves. A September 29 Midnight Messenger developer update described this approach for identity registration on the Preprod testing network, with mobile apps in team beta. The provider arranges transaction capacity on the users’ behalf.

Growth in users could consequently increase demand for that capacity without creating a NIGHT purchase for every new account. How providers obtain and manage DUST will help determine how application activity translates into demand for the token.

That demand also needs to be considered alongside scheduled token releases. Midnight’s distribution guide sets out four 25% instalments, with staggered starts and subsequent 90-day intervals. These releases make allocated tokens available to holders, although selling depends on what recipients choose to do.

Usage data showing recurring demand for DUST would give investors a firmer basis for judging adoption. The Messenger beta shows how fee sponsorship can work; regular application activity would help establish whether that design is creating lasting demand beyond the interest generated by NIGHT’s rally.

This article is for informational purposes only and does not constitute investment advice. Technical levels are approximate and do not guarantee future price movements.

The post NIGHT Up Over 75%: What Could Put the Rally at Risk? appeared first on Coindoo.

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Source: https://coindoo.com/night-up-rally-risk/

The post HYPE Price Gives Back 10% From ATH in a Three-Way Test appeared first on Coindoo.

HYPE is testing its nearest support area

HYPE’s pullback has reached the $87-$88 range, the nearest support area on the daily chart. It is a three-way test: the 23.6% Fibonacci retracement near $86.5, the former all-time-high area and the rising diagonal support line all converge there.

As Coindoo previously covered, HYPE moved above the earlier all-time high near $88 earlier this month. That former ceiling now sits within the pullback range, where traders may watch whether it can begin acting as support.

The overlap does not make $87-$88 an exact level that must hold. HYPE could briefly trade through the range and recover, or remain below it for several sessions. Those outcomes would give very different readings of demand during the pullback.

The rising wedge runs through the same range

The blue trendlines on the daily chart outline a rising wedge. HYPE has continued to make higher highs and higher lows, but the trading range has narrowed as the two boundaries converge.

Rising wedges are commonly viewed as bearish formations because momentum can weaken while price continues climbing within a tightening range. The pattern does not confirm a reversal by itself. It becomes more relevant if price breaks below the lower boundary and cannot quickly reclaim it.

The lower boundary of the wedge passes through the same $87-$88 range. A sustained move below it would therefore weaken both the immediate support area and the upward structure that has contained HYPE’s advance.

The $79-$80 area sits below the current support

If HYPE loses the $87-$88 range and remains below the rising diagonal, the next chart reference sits around $79-$80. The 38.2% Fibonacci retracement lies near $80, while the rising 50-day SMA approaches the same zone.

The 50-day SMA may continue moving higher over time, so the $79-$80 range is more useful than treating one exact moving-average reading as a fixed support number. The 38.2% Fibonacci retracement gives that zone a steadier reference.

If HYPE reaches that range, the important behaviour would be whether buyers can stabilise price near the 50-day average or whether selling extends through that support toward the broader Fibonacci retracement levels below.

Momentum has cooled since the move toward $98

Daily RSI has fallen from its earlier overbought reading above 80 toward the mid-50s. That change shows that the rapid momentum behind HYPE’s recent advance has eased.

That cooldown leaves HYPE without the momentum excess visible near the high. It does not settle the direction of the correction; price behaviour around the support range remains more informative than the indicator alone.

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Buybacks are background, not a price floor

Hyperliquid’s fee documentation says protocol fees are directed to community mechanisms, including the Assistance Fund, and that HYPE acquired by the fund is burned.

The mechanism is supported by substantial recent protocol activity. DefiLlama’s latest dashboard snapshot showed Hyperliquid generating about $71.1 million in fees over the previous 30 days, including roughly $55.2 million in protocol revenue. That works out to more than $2 million in daily fees on average, indicating that the protocol’s fee engine has remained active during the period.

If activity remains at a similar level, it could continue supporting the fee flows behind Hyperliquid’s community mechanisms, including the Assistance Fund. The fee figures are a measure of protocol activity, however, not a calculation of how much HYPE will be purchased or burned over a given period.

A technical support zone can still fail when market-wide risk appetite, spot selling or leveraged positioning turn against the token.

HYPE is now testing its post-breakout structure

The current pullback has reached the range where HYPE’s earlier breakout needs to show whether it can hold as support. A recovery from $87-$88 could keep the decline within the broader structure behind the move toward $98.

Continued trading below the rising diagonal would weaken that reading and place the $79-$80 area under closer attention. The wedge means that a break at the current range may carry more significance than an ordinary intraday decline.

This article is provided for informational purposes only and does not constitute financial or investment advice. Technical levels and chart patterns are interpretive tools, not guarantees of future price movement.

The post HYPE Price Gives Back 10% From ATH in a Three-Way Test appeared first on Coindoo.

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Source: https://coindoo.com/hype-price-gives-back-ath-way-test/

The post Coinbase Cuts 29 Altcoins From Perpetuals Collateral appeared first on Coindoo.

Key Takeaways

A token balance can remain while its margin role disappears

Coinbase’s September 29 notice says that 29 assets no longer count toward eligible collateral for perpetual futures on Coinbase International Exchange.

The notice concerns collateral: the assets an eligible trader can use to support open leveraged positions. It does not announce a spot-market delisting or say the tokens will be removed from customer ownership.

That makes the impact narrower than the headline may suggest. A holder who does not use Coinbase International Exchange perpetuals may see no direct change. A trader whose open positions relied on one of the named assets, however, could have less recognised collateral behind the same portfolio.

How eligible collateral turns into margin capacity

The important number is not the token’s market value alone, but the portion of that value Coinbase recognises for margin. Under the exchange’s cross-collateral rules, an asset’s market value is adjusted through a collateral weight after a haircut. The haircut reflects the risk that the asset could lose value or be difficult to sell quickly during market stress.

That distinction becomes clearer when a portfolio relies on an affected token to carry an open position. In a simplified example, $10,000 of an altcoin that previously counted at a hypothetical 80% collateral weight would have contributed $8,000 to margin. Once that asset is no longer eligible, its contribution becomes zero.

The trader still owns the $10,000 balance. What changes is its role inside the perpetuals risk system. The example is illustrative; Coinbase’s actual collateral weights and account limits can differ by asset and portfolio.

Coinbase says collateral liquidations may occur automatically when a portfolio’s current margin falls below its maintenance requirement. The proceeds are used to address the shortfall before the exchange resorts to closing positions.

Which assets are affected?

The notice names AERO, ALGO, APT, ARB, ATOM, AVAX, BCH, BNB, BONK, CRV, DOT, FARTCOIN, FIL, ICP, INJ, JASMY, LTC, ONDO, PENGU, OP, PEPE, PUMP, SEI, SHIB, SUI, UNI, VET, XLM and ZORA.

Not every Coinbase holder needs to react

The effect depends on where the token is held and whether it was supporting an open perpetual position. Coinbase International Exchange derivatives are available only to eligible clients in selected regions outside the United States. Coinbase’s product guidance says users transfer USDC or eligible collateral into a dedicated perpetuals portfolio to access the product.

A possible portfolio response is not proof of a price effect

Some affected traders may add USDC or another accepted asset, reduce their open exposure, or transfer balances between venues. Those are possible responses to a margin-rule change, especially for portfolios with little room above their maintenance requirement.

They are not evidence of broad spot selling across the market. The new rule applies to a defined collateral basket on one derivatives venue. Coinbase has not said why it removed the assets, how much collateral they represented beforehand, or whether the decision reflects a view on any token’s future price.

That distinction should shape how the market reads the announcement. An exchange can tighten the assets it recognises for risk management without changing whether a token is tradable, held elsewhere or used in another financial product.

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What affected traders can check

The relevant number is recognised collateral

Coinbase’s update does not settle the outlook for ARB, ONDO, AVAX or the other affected assets. It changes a specific function they previously served inside one leveraged trading system.

For affected perpetuals users, the practical issue is recognised collateral rather than token ownership: a balance may remain in an account while no longer supporting open leveraged positions.

This article is provided for informational purposes only and does not constitute financial, investment or trading advice. Perpetual futures involve leverage and can result in rapid losses, including liquidation.

The post Coinbase Cuts 29 Altcoins From Perpetuals Collateral appeared first on Coindoo.

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Source: https://coindoo.com/coinbase-cuts-29-altcoins-from-perpetuals-collateral/

The post NEAR Staking Comes to a U.S. ETF appeared first on Coindoo.

The feature being marketed is a roughly 5% annualised staking rate. That number needs context before it is treated as investor yield.

The 5% figure belongs to the NEAR network

Bitwise launched the Bitwise NEAR ETF, ticker NRR, on NYSE Arca on September 29. The trust holds NEAR and seeks to stake a significant portion through Bitwise’s institutional staking team.

Its roughly 5% figure is an annualised estimate of NEAR’s protocol reward rate as of September 25. It describes the rewards available to staked tokens under current network conditions. It does not set a rate that NRR shareholders are entitled to receive.

NEAR’s reward economics can change. The trust may leave some tokens unstaked for liquidity and operational needs. Fees reduce the assets represented by each share. The share price can also move independently of the trust’s net asset value during exchange trading.

NRR can earn rewards while its share price falls

Rewards are paid in NEAR. Their dollar value therefore rises and falls with the token. A fund could earn additional NEAR over a period in which the market value of each token declines by much more than the rewards generated.

That is why the product should not be compared with a fixed-income account. A staking rate may soften the effect of a small price decline or add to a rally, but it cannot protect the investor from NEAR volatility.

Bitwise says the management fee will reduce the amount of NEAR represented by each NRR share over time. The investor’s return therefore depends on the balance between token-price movement, rewards actually earned and the assets used to meet fund expenses.

What direct NEAR ownership gives up inside the fund

Neither route is inherently better. Direct ownership gives the holder control and operational responsibility. NRR offers a conventional brokerage product while shifting those decisions to the sponsor.

The market price adds another layer

NRR uses “ETF” in its name, while Bitwise describes it as an exchange-traded product that is not registered under the Investment Company Act of 1940. It does not have the same protections as a conventional registered mutual fund or ETF.

Retail holders buy and sell NRR shares in the secondary market. Their sale price may be above or below the trust’s net asset value, especially if trading is thin or market makers face difficulty creating and redeeming large blocks of shares.

This is separate from the staking result. The trust may earn NEAR rewards while an investor still experiences a discount to NAV when selling shares. The reverse can also happen during periods of strong demand for the product.

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Questions the fund documents should answer

Before treating the reward rate as part of an investment case, readers should look for four specific answers in the prospectus:

NRR also forms part of Bitwise’s wider effort to distribute crypto exposure through familiar investment wrappers. Coindoo previously examined Bitwise’s partnership with Nordic fund manager Alfakraft, which focused on regulated crypto-product distribution in Europe. The NEAR fund adds staking to that model.

The point is not the headline rate

Staking gives a crypto fund another source of token-denominated value. It also gives investors more to assess: the portion of assets staked, the manager’s procedures, the fee structure, liquidity needs and the share’s market price.

NRR’s roughly 5% reward rate is therefore a useful starting figure, not a completed answer. The more relevant question is how much of that network reward survives the journey through the trust and reaches the value of an investor’s share.

This article is provided for informational purposes only and does not constitute investment, legal or tax advice. Crypto assets and crypto-linked exchange-traded products can be highly volatile and may result in significant losses. Investors should read the prospectus and official disclosures before making any investment decision.

The post NEAR Staking Comes to a U.S. ETF appeared first on Coindoo.

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Source: https://coindoo.com/near-staking-comes-to-a-u-s-etf/