Crypto Markets & On-Chain Ecosystem Developments

Solana's monthly stablecoin card spending reached $113.9 million, according to a tweet from CryptoTwitter commentator @SolanaFloor. The figure represents a 478% increase over the past year. The monthly volume hit an all-time high except for June, reflecting growing adoption of Solana's blockchain te

According to CryptoTwitter commentator @SolanaFloor, Solana's monthly stablecoin spending surged to $113.9 million, representing a 478% increase over the past year. The monthly volume reached an all-time high excluding June, reflecting growing adoption of Solana's blockchain for digital

Jurrien Timmer, director of global macro at Fidelity Investments, forecasts Bitcoin could reach $300,000 by 2029 based on his long-term power-law valuation model. Bitcoin recovered toward $82,000 on October 16 after briefly dropping below $80,000, with Timmer's intermediate target of $100,000

According to Allium's latest report, stablecoin payments grew 45% to $482 billion in the first nine months of 2026, with transaction volume surging 71% to 1.04 billion. The average transaction size fell from $544 to $462. Stablecoin supply increased just 0.4% to $305 billion over the same period.

According to Fidelity Investments director of global macro Jurrien Timmer, Bitcoin could reach $300,000 by 2029, representing 266% upside from its current level near $82,000 on October 16. The analyst's long-term valuation model also targets an intermediate objective of $100,000, implying 22% near-t

According to HTX, Celestia (TIA) rose over 30% in the past 24 hours, trading at $0.6956.

According to Odaily, Strive expanded its SATS perpetual preferred stock offering to 7 million shares at $90 per share, targeting approximately $630 million in total proceeds, with settlement expected around October 20. The preferred shares carry a 15% annual dividend rate. Proceeds will be used to p

According to The Block, Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ (MUFG), and Sumitomo Mitsui Banking Corporation (SMBC) have recently completed a Japanese yen stablecoin pilot in collaboration with Mitsubishi UFJ Trust Bank and TISI. The test successfully validated the issuance, transfer, and

Solidus Labs appointed Kevin Webb as Vice President of Policy, bringing a former Commodity Futures Trading Commission official into a regulatory engagement role. Webb served as a CFTC detailee to the Senate Agriculture Committee, advised Chairman John Boozman on digital asset market structure, and i

According to Glassnode, Bitcoin sellers capitulated on October 15 amid the latest BTC decline. The on-chain data firm observed that each wave of loss-driven selling has coincided with local bottoms in August and September. Since the September high, profit-taking has slowed. Selling near the $80,000

XRP Ledger developers deployed a critical security fix on September 25 without waiting for the network's standard two-week validator approval process. The emergency update addressed an 11-year-old vulnerability that could have allowed attackers to create spendable XRP beyond the cryptocurrency's

Solidus Labs has recently appointed Kevin Webb as Vice President of Policy. Webb previously served as a Commodity Futures Trading Commission official and congressional adviser, where he advised on digital asset market structure and helped draft the Digital Asset Market Clarity Act (CLARITY Act) and

According to XRPL developers' official vulnerability report, XRP Ledger deployed an emergency security patch on September 25 that bypassed the network's standard two-week validator approval process. The critical fix addressed an 11-year-old integer overflow vulnerability in the payment engine that c

According to CryptoQuant CEO Ki Young Ju on X, analysts view the MSCI removal impact on Microstrategy (MSTR) as already reflected in the stock price, with overall sentiment remaining bullish. Citi, Barclays, and B. Riley have set price targets at $240, $175, and $195 respectively, with all three

The Solana Foundation postponed its Accelerate event in Shanghai after pre-registration exceeded the venue capacity set by local authorities, Solana Foundation President Lily Liu announced on Friday. Event registration quadrupled overnight following publicity, prompting organizers to delay the

According to MSCI's announcement on October 10, Strategy's stock price dipped 4% in after-hours trading on October 15 after the index giant revealed new rules removing "non-operating companies" from its Global Investable Market Indexes, including the MSCI World Index. Strategy, with a

According to Lily Liu, president of the Solana Foundation, the Solana Accelerate event in Shanghai was postponed on Friday after pre-registration exceeded the event cap set by local authorities. Event registration quadrupled overnight following publicity for the event, and organizers decided to post

According to BlockBeats, on October 16, Celestia launched Eden, a high-performance EVM chain running on Celestia. Eden serves as an experimental sandbox for Agentic Commerce, enabling AI Agents to test autonomous payments, on-chain trading, and model invocations. The chain features EVM

According to Rune Christensen, Sky's quarterly operating expenses fell to $6.8 million as of October 16, down from over $20 million a year earlier. Christensen attributed the reduction to Sky's treasury management mechanism, which enables more predictable spending and maintains costs within