On Tuesday morning, the 암호화폐 market went on the defensiveafter 비트코인, for the third time since late September, bounced off resistance at 87, 200–87, 400 and slid to $85, 600. Digital assets completely ignored the Nasdaq's all-time high. Instead of rallying alongside stocks, the 암호화폐 market saw net daily outflows from spot ETFs.
Macroeconomic pressures weighed on the charts. The 수익률 on 10-year U. S. Treasuries held at a multi-year high of 5. 3%. Against this backdrop, Bridgewater founder Ray Dalio is already forecasting a severe crisis in the U. S. government debt market due to falling demand from China and Japan.
On-chain data also points to 기관 pessimism: 비트코인's net annual capital inflow, measured by the change in realized capitalization, fell to -$40billion in 2026.
While large investors wait on the sidelines, the day's main story is taking shape in the XRP ecosystem. Caroline Pham, current CEO of Moon Pay 기관 and former head of the CFTC, fueled interest in 리플 byposting a selfiein front of the company's headquarters. The intrigue coincided with XRP's move onto U. S. 거래소 infrastructure. Shareholders of Armada Acquisition Corp. II approved its merger with Evernorth Holdings.
The deal clears the way for Evernorth shares to list on Nasdaq under the ticker XRPN on October 8. It is a counterpart to Micro Strategy, but for XRP: the first public company to bring hundreds of millions of tokens directly onto its balance sheet. Wall Street is getting a regulated investment vehicle holding 473million XRP and $300million in cash, while CFTC officials now officially classify XRP as a digital commodity alongside BTC and ETH.
A newly filed Form 8-K from Armada with the SEC sets out the terms of the upcoming listing. The exercise price for warrants 거래 under the tickers XRPNU and XRPNW is set at $11. 50 per share. 리플, Pantera Capital, Kraken, SBI Group, GSR and Arrington Capital are among the investors in Evernorth, which holds 347million XRP on its balance sheet.
A total of 20. 5million shares voted in favor of the merger, compared with just 1. 4million votes against. This shows that the backers are fully prepared to deploy the vehicle as a regulated treasury instrument in the U. S. stock market.
At the same time, Grayscale Investments is restructuring the Grayscale XRP Trust (GXRP). The fund has added Anchorage Digital Bank as an additional custodian to diversify risk, while Coinbase remains its primary custodian.
The main new feature is the launch of in-kind share creation and redemption. Authorized participants, including Macquarie and Virtu, can now transfer actual XRP to the fund instead of cash.
👀 https: //t. co/fo Aez Eo7lH.
This addresses a chronic problem with trusts: the share price can finally align with net asset value (NAV), while 기관 유동성 increases.
XRP itself is stuck in a narrow range around $1. 50, testing the lower edge of local resistance. The former ceiling at $1. 54–$1. 56 and September's high of $1. 65 remain in place.
리플 President Monica Long has also documented rapid growth in real-world asset (RWA) 토큰화 on the XRP Ledger. On-chain volumes there have grown from $100million to $2. 5billion.
On the technical side, the Permission Delegation and Batch upgrades, which enable batched transaction execution, are expected to go live on XRPL this week, by October 9. The Lending ProtocolV1_1 credit module remains in the voting phase.
Friday's U. S. Labor Department (BLS) report confirmed that the economy is cooling, showing a gain of just 29, 000 jobs and an unemployment rate of 4. 2%. This reduced the probability of an October Fed rate hike to 17–22%.
Even so, capital shifted to a defensive strategy, keeping the 암호화폐 market's total capitalization in the $2. 93–$3. 02 trillion range. Large funds started the week by taking profits.
According to SoSo Value, U. S. spot 암호화폐 ETFs ended October 5 with the following results: .
As speculative capital pulls back, the global tokenized asset sector has surpassed $38. 80billion in distributed value, according to rwa. xyz, with U. S. Treasuries clearly dominating the category at $14. 87billion.
Against this backdrop, the Solana Foundation, with technical support from JPMorgan, has deployed Solana DvP infrastructure. The system provides financial institutions with instant "delivery versus payment" settlement, eliminating the two-day settlement lag in the traditional securities system.
For 이더리움, the day's main event was Vitalik Buterin's appearance at the OKX NOW 2026 conference in Singapore. Buterin said that within two years, ZK technology will make 이더리움 transactions cost pennies. AI agents, he added, will become the main user interface, and familiar apps may begin to disappear as direct 블록체인 interactions between bots take their place.
The network's founder also warned that AI poses a serious security threat because it can quickly learn to find hidden vulnerabilities in 스마트 컨트랙트.
Among the positive on-chain developments of the day, NEAR rose to $5. 17–$5. 29, with a 시가총액 of $6. 8billion. The move followed an official report that the hacker had fully returned the stolen $3. 8million through the NEAR Intents protocol before the official deadline.
Coin Glass liquidation data shows a local shakeout of buyers: $176. 31million in positions were forcibly closed over 24 hours, including $110. 70million in long positions.
Market sentiment is gradually cooling, with the Fear & Greed Index falling from 72 on Friday to 67. Prominent trader Peter Brandt has identified a strong bullish pattern on 비트코인's chart, but warned that large blocks of historical supply overhead will sharply limit the pace of any gains. A rapid breakout is unlikely.
Grayscale Investments analysts also pointed to hidden timing risks in their macro research. 비트코인's historical three-year return is an impressive 225%, compared with 109% for the Nasdaq, but that result was driven by just a handful of days. If an investor misses 비트코인's five best 거래 days, the return falls to 95%. Missing the 15 best sessions puts the portfolio at a net loss of 11%.
For this reason, holding a position consistently makes far more sense than trying to catch the perfect bottom.
Through the end of the week, traders are focused on four key triggers: .
원문 제목: Ex-CFTC Chief Pham Visits Ripple as XRP Is Coming to Nasdaq: Morning Crypto Report
On Tuesday morning,the cryptocurrency market went on the defensiveafter Bitcoin, for the third time since late September, bounced off resistance at 87,200–87,400 and slid to $85,600.
Digital assets completely ignored the Nasdaq's all-time high.
Instead of rallying alongside stocks, the crypto market saw net daily outflows from spot ETFs.
Macroeconomic pressures weighed on the charts.
The yield on 10-year U.
S.
Treasuries held at a multi-year high of 5.
3%.
Against this backdrop, Bridgewater founder Ray Dalio is already forecasting a severe crisis in the U.
S.
government debt market due to falling demand from China and Japan.
On-chain data also points to institutional pessimism: Bitcoin's net annual capital inflow, measured by the change in realized capitalization, fell to -$40 billion in 2026.
While large investors wait on the sidelines, the day's main story is taking shape in the XRP ecosystem.
Caroline Pham, current CEO of MoonPay Institutional and former head of the CFTC, fueled interest in Ripple byposting a selfiein front of the company's headquarters.
The intrigue coincided with XRP's move onto U.
S.
exchange infrastructure.
Shareholders of Armada Acquisition Corp.
II approved its merger with Evernorth Holdings.
The deal clears the way for Evernorth shares to list on Nasdaq under the ticker XRPN on October 8.
It is a counterpart to MicroStrategy, but for XRP: the first public company to bring hundreds of millions of tokens directly onto its balance sheet.
Wall Street is getting a regulated investment vehicle holding 473 million XRP and $300 million in cash, while CFTC officials now officially classify XRP as a digital commodity alongside BTC and ETH.
A newly filed Form 8-K from Armada with the SEC sets out the terms of the upcoming listing.
The exercise price for warrants trading under the tickers XRPNU and XRPNW is set at $11.
50 per share.
Ripple, Pantera Capital, Kraken, SBI Group, GSR and Arrington Capital are among the investors in Evernorth, which holds 347 million XRP on its balance sheet.
A total of 20.
5 million shares voted in favor of the merger, compared with just 1.
4 million votes against.
This shows that the backers are fully prepared to deploy the vehicle as a regulated treasury instrument in the U.
S.
stock market.
At the same time, Grayscale Investments is restructuring theGrayscale XRP Trust (GXRP).
The fund has added Anchorage Digital Bank as an additional custodian to diversify risk, while Coinbase remains its primary custodian.
The main new feature is the launch of in-kind share creation and redemption.
Authorized participants, including Macquarie and Virtu, can now transfer actual XRP to the fund instead of cash.
👀 https://t.
co/foAezEo7lH.
This addresses a chronic problem with trusts: the share price can finally align with net asset value (NAV), while institutional liquidity increases.
XRP itself is stuck in a narrow range around $1.
50, testing the lower edge of local resistance.
The former ceiling at $1.
54–$1.
56 andSeptember's high of $1.
65 remain in place.
Ripple President Monica Long has also documented rapid growth in real-world asset (RWA) tokenization on the XRP Ledger.
On-chain volumes there have grown from $100 million to $2.
5 billion.
On the technical side, the Permission Delegation and Batch upgrades, which enable batched transaction execution, are expected to go live on XRPL this week, by October 9.
The LendingProtocolV1_1 credit module remains in the voting phase.
Friday's U.
S.
Labor Department (BLS) report confirmed that the economy is cooling, showing a gain of just 29,000 jobs and an unemployment rate of 4.
2%.
This reduced the probability of an October Fed rate hike to 17–22%.
Even so, capital shifted to a defensive strategy, keeping the crypto market's total capitalization in the $2.
93–$3.
02 trillion range.
Large funds started the week by taking profits.
According toSoSoValue, U.
S.
spot crypto ETFs ended October 5 with the following results:.
As speculative capital pulls back, the global tokenized asset sector has surpassed $38.
80 billion in distributed value, according to rwa.
xyz, with U.
S.
Treasuries clearly dominating the category at $14.
87 billion.
Against this backdrop, the Solana Foundation, with technical support from JPMorgan, has deployed Solana DvP infrastructure.
The system provides financial institutions with instant "delivery versus payment" settlement, eliminating the two-day settlement lag in the traditional securities system.
For Ethereum, the day's main event was Vitalik Buterin's appearance at the OKX NOW 2026 conference in Singapore.
Buterin said that within two years,ZK technology will make Ethereum transactions cost pennies.
AI agents, he added, will become the main user interface, and familiar apps may begin to disappear as direct blockchain interactions between bots take their place.
The network's founder also warned that AI poses a serious security threat because it can quickly learn to find hidden vulnerabilities in smart contracts.
Among the positive on-chain developments of the day,NEAR rose to $5.
17–$5.
29, with a market capitalization of $6.
8 billion.
The move followed an official report that the hacker had fully returned the stolen $3.
8 million through the NEAR Intents protocol before the official deadline.
CoinGlass liquidation data shows a local shakeout of buyers: $176.
31 million in positions were forcibly closed over 24 hours, including $110.
70 million in long positions.
Market sentiment is gradually cooling, with the Fear & Greed Index falling from 72 on Friday to 67.
Prominent trader Peter Brandt has identified a strong bullish pattern on Bitcoin's chart, but warned that large blocks of historical supply overhead will sharply limit the pace of any gains.
A rapid breakout is unlikely.
Grayscale Investments analysts also pointed to hidden timing risks in their macro research.
Bitcoin's historical three-year return is an impressive 225%, compared with 109% for the Nasdaq, but that result was driven by just a handful of days.
If an investor misses Bitcoin's five best trading days, the return falls to 95%.
Missing the 15 best sessions puts the portfolio at a net loss of 11%.
For this reason, holding a position consistently makes far more sense than trying to catch the perfect bottom.
Through the end of the week, traders are focused on four key triggers:.
