Cardano’s (ADA) recent price surge is running into fresh headwinds from fading trader interest and large-holder exits.

Futures open interest for ADA has dropped 9% over the past week, sliding from $1.99 billion to $1.81 billion as traders cut back on leveraged bets, says Ali Charts on X.

Whales also appear to be taking profits.

“Since September 20, large holders have offloaded roughly 90 million ADA, worth approximately $22.5 million, adding to the recent selling pressure.”

This decline in demand aligns with a Tom DeMark Sequential sell signal that appeared on Cardano’s daily chart.

“Since then, ADA has fallen 10%, and the correction may not be over yet.”

According to the analyst, a parallel channel on the daily chart points to $0.24 as the key mid-range support.

“If ADA loses that level, a move toward the channel’s lower boundary near $0.21 becomes likely.”

If $0.21 holds, it could present the next buying opportunity, targeting the channel top near $0.28.

Looking at Bitcoin, Ali says whales have cut their BTC holdings significantly over the last seven days.

“Most of the market has moved sideways over the past week. So what have whales been doing during the lull?

Bitcoin whale holdings have fallen by roughly 30,000 BTC, worth about $2.52 billion.

Large holders appear to be reducing their exposure.”

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The post Cardano Faces Bearish Signals as Futures Demand Cools and Whales Sell appeared first on The Daily Hodl.

Banks risk losing $230 billion in payments revenue as stablecoins, tokenized deposits and central bank digital currencies move into wider use, according to a survey conducted by IT services and consulting firm Capgemini.

Capgemini’s World Payments Report 2027 projects those instruments will make up about 4% of global payments volume by 2030, pressuring foreign exchange spreads, correspondent banking, float income and transaction fees that banks thrive on, says Capgemini.

The study says about $4 trillion sits trapped in accounts used to fund cross-border settlement. Nearly 60% of large corporates would take stablecoin services from non-banks if their banks fall behind, even though 71% still prefer banks for tokenized payments when cost and quality are equal.

Only 21% of banks are actively scaling at least one of these tools. Tokenized deposits ranked as banks’ top near-term priority because they stay on balance sheets and fit existing rules. Leaders that are already scaling are three times more likely to find new revenue streams and expect to offset losses in 15 months versus 25 months for other banks.

Capgemini’s global head of payment services Jeroen Hölscher framed the stakes for lenders.

“With $230 billion at stake, banks must decide what role they want to play in this emerging ecosystem.”

The report surveyed 1,110 corporates with more than $1 billion in revenue and 300 banking executives across nine markets. Capgemini is a global consulting and technology firm headquartered in Paris, France.

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The post Banks Risk Losing $230,000,000,000 in Payments Revenue As Stablecoins and Tokenized Deposits Scale, According to Survey appeared first on The Daily Hodl.

Bitcoin Magazine

Republican Senator Steve Daines Releases Text of Proposed Crypto Tax Plan

Republican senator Steve Daines has released a new proposal to update the tax code with regards to digital assets. 

The senator for Montana released the Aligning Digital Assets with Principles of Taxation Act — or ADAPT Act — sponsored by Sen. Daines with Sens. Lummis, Moreno, and Tim Scott on Wednesday, aiming to draft rules for assets like stablecoins. 

Lawmakers and regulators are fast trying to draft rules for digital assets since U.S. President Trump took office on a pro-crypto platform. The Clarity Act collapsed in the Senate last month; one day after, the House Ways and Means Committee overwhelmingly approved legislation that would revamp the tax treatment of cryptocurrency. 

“Digital assets have moved into the mainstream, but the tax code hasn’t kept up,” Senator Daines wrote on X. 

Digital assets have moved into the mainstream, but the tax code hasn’t kept up. My bill would create clearer rules for stablecoins, network fees, staking and lending—while extending familiar tax rules like wash sales and constructive sales to digital assets. pic.twitter.com/W6nXSsTgvX

— Steve Daines (@SteveDaines) September 30, 2026

“My bill would create clearer rules for stablecoins, network fees, staking and lending — while extending familiar tax rules like wash sales and constructive sales to digital assets.”

The bill proposes that everyday users of stablecoins get tax relief for everyday uses. Spending a qualifying dollar stablecoin on goods or services wouldn’t trigger gain or loss, and brokers wouldn’t have to report those transactions. 

To qualify, the stablecoin must be issued under the GENIUS Act framework, appear on a quarterly Treasury list of coins that have held within 3% of $1.00, and have been bought by you within 3% of $1.00. 

Separately, network or gas fees paid in crypto would be tax-free dispositions as long as the fees for a given transaction total $10 or less, with anti-structuring rules. 

The bill would also apply wash sale rules to crypto for the first time. The rules bar investors from claiming a tax loss if they sell an asset and buy it back within 30 days. Stock investors have long been bound by them, while crypto traders could sell at a loss and immediately rebuy. 

The rules would cover traded digital assets other than qualified stablecoins. Assets bought before the bill becomes law would be grandfathered, and staking rewards, mining rewards and regular recurring purchases would be exempt. 

Tokenized versions of stocks would count as “substantially identical” to the underlying shares.

The ADAPT Act now heads to committee, which would need to approve it before it could reach a vote by the full Senate.

This post Republican Senator Steve Daines Releases Text of Proposed Crypto Tax Plan first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

The platform’s dedication towards this Buyback-&-Burn campaign pushes the overall-burn count beyond 460 billion.

Continue reading at DailyCoin.

Hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review.

September was a strong month for many cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Zcash (ZEC), all of which posted significant gains.

Nonetheless, their pumps can’t be compared to what happened with Quant (QNT). The altcoin became a sensation after surging nearly 400% in a month, fueling expectations of a continued bull run among top analysts. On the other hand, traders and investors should tread lightly, as key signals suggest a short-term pullback may be coming.

Final Barrier Before the Real Boom?

As of this writing, it seems surreal that less than two weeks ago QNT was worth around $60. By the end of September, the token’s price skyrocketed to nearly $350, and now it trades just under $280.

Perhaps the biggest catalyst for the rally was the announcement that The Clearing House (which operates payment networks that process over $2 trillion each day) selected Quant to power its On-Chain Money Initiative.

One of the many analysts commenting on the token’s bull run lately is Ali Martinez. Earlier today (October 1), he set $430 as key resistance, which sits at the top of a certain channel.

In his view, a decisive break above this level could send QNT into price discovery mode, potentially triggering another parabolic expansion toward an all-time high of $2,000.

Jia Crypto also made an optimistic prediction, albeit far less bullish than Martinez’s take. She believes QNT could cross $300 “soon with big profits,” and then might rise to $400.

Beware, Bulls

Despite the overall optimism, a further price uptrend is not guaranteed. Lookonchain revealed that the Quant Network founder’s wallet has woken up after seven years of inactivity and has moved almost $7 million worth of QNT. Even if no actual sale occurs, traders may interpret the move as a sign of potential profit-taking, which can trigger uncertainty and panic selling.

Meanwhile, QNT investors have been abandoning self-custody en masse and flocking to centralized exchanges over the past several days. This in turn increases immediate selling pressure.

The token’s Relative Strength Index (RSI) should also serve as a warning. The ratio has surged past 70, suggesting that QNT has entered overbought territory and could be on the verge of a short-term correction. The index ranges from 0 to 100, where anything below 30 is considered a buying opportunity.

 

The post Quant (QNT) Could Explode to $2,000: Analyst Reveals the Critical Factor appeared first on CryptoPotato.

Holders compete on a time-weighted leaderboard with 18 karat gold watches as the top prize.

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The altcoin market is showing signs of overheating, as spot trading volume is now four times higher than that of Bitcoin. The sharp rise in activity has also pushed leverage higher across the market.

This has prompted one trader to take profits and reduce exposure to altcoins.

Bitcoin Over Altcoins?

Doctor Profit said ONDO was sold with a 73% profit, while HBAR was closed with a smaller gain. XRP remains on watch, with a possible entry planned at a better price. The trader said there is no interest in buying altcoins while market conditions remain this hot. He also called altcoins a “great distraction and liquidity grab” and went on to add,

“This is why I’m out of Alts!”

Instead, the trader is betting on a Bitcoin correction, reiterating his previous stance. A short position was opened at $86,200, and additional short orders were placed between $86,500 and $89,500.

While he remains bullish overall, Doctor Profit had previously pointed to a potential pullback toward $79,000, near the 50-week moving average, before the broader uptrend continues. The analyst had flagged bearish signals across RSI, MACD/PPO, and MFI, while ADX showed weaker trend strength.

Warning Signs Emerge

A few days earlier, Darkfost also identified a few warning signs. According to the analyst, Total2, which tracks the altcoin market cap including Ethereum, absorbed more than $371 billion in inflows since June 2026. This is a 45% increase in just a few months.

The shift is also visible across Binance, where 87% of listed altcoins are trading above their 200-day moving average. That is a major change from August, when 80% were still below the crucial trend level. Darkfost explained that the move is indicative of a growing euphoria around altcoins, something that has historically been difficult to sustain for long.

Another signal is the rise in altcoin deposits to exchanges. Weekly deposit transactions have climbed above 22,700 on Binance and 8,300 on Coinbase, with another 32,000 or so across other platforms. The numbers are still below the levels seen early in the previous bull cycle. However, Darkfost also pointed to a developing bearish divergence on Total2’s RSI, which suggests that the altcoin momentum could be starting to cool after the recent surge.

The post Altcoin Trading Volume Hits 4x Bitcoin as One Trader Says He’s Out appeared first on CryptoPotato.

October is here, and so are fresh expectations that Bitcoin (BTC) and the broader cryptocurrency market can continue their upward momentum and enter a sustained bull run.

We asked three of the most popular AI-powered chatbots whether the meme coin sector will thrive this month and which token in that space has the best chance to outperform. Here are the interesting answers.

PENGU?

ChatGPT picked Pudgy Penguins (PENGU) as a potential October breakout, warning that this is a speculative judgment, not a certainty. OpenAI’s platform noted its solid performance over the past few weeks, which makes it a candidate to attract further momentum buying if the market remains bullish.

It also outlined that PENGU’s market capitalization sits slightly above $600 million, giving it more scope for large percentage moves. Last but not least, ChatGPT pointed out that the meme coin is built on Solana, arguing that recognizable tokens within the ecosystem could benefit if traders increase their exposure to the network in October.

PENGU also received support from Google’s Gemini, which identified it as the month’s most promising candidate. According to the chatbot, the meme coin stands out because it bridges Internet jokes with real-world sales.

“Most meme coins run strictly on X chatter and speculation; PENGU has a physical brand selling toys and trading cards in major stores like Target,” it added.

Gemini later claimed the token offers a balance of viral meme energy, massive retail presence, and strong trading momentum, which could play a vital role in further price gains.

It is worth noting that several renowned analysts are also quite bullish on PENGU. Ali Martinez recently claimed the token might be preparing for a bull run, citing key factors such as the Tom DeMark Sequential indicator flashing two consecutive buy signals and the SuperTrend indicator supporting a rally.

At the same time, he revealed that PENGU’s Bollinger Bands have squeezed on the weekly chart. Usually, this precedes a major move, although the exact direction (up or down) remains unclear.

How About DOGE?

Perplexity argued that the OG meme coin is most likely to explode this month because it combines the deepest liquidity with a clearer near-term technical setup than its rivals.

“Its advantage is not that it has the biggest possible upside – it is that it is the meme coin most likely to catch a broad market rally first,” it said.

The chatbot noted that Bitwise recently closed its spot DOGE ETF, but reminded that other products of this type remain live, meaning a potential spike in institutional interest could lift the price. It also highlighted recent whale activity, with large coin purchases showing strong conviction among this cohort of investors and perhaps setting the stage for a serious rally. As CryptoPotato reported, these market participants accumulated over 1.14 billion DOGE in about 96 hours.

The post The Meme Coin Most Likely to Explode in October, According to 3 AIs appeared first on CryptoPotato.

Lloyds used USDC to settle $750,000 of payment obligations with Visa during a seven-day live cross-border pilot.