Altcoin News page 20

Large holders pull XRP off the exchange while Bitcoin traders add short positions on Hyperliquid. A large wave of XRP has left Binance, with reports putting the total near 1.38 billion coins. The figure, cited by CoinGape, reflects a sharp pickup in whale-level withdrawals from the world's largest crypto exchange.

New guidance allows certain trust structures to earn staking rewards without jeopardizing their tax treatment. The Internal Revenue Service has issued guidance allowing qualifying crypto trusts to stake digital assets without forfeiting their tax status. The safe harbor resolves a question that has lingered since staking became a common feature of proof-of-stake networks like Ethereum.

The agreement marks another step in Ripple's push to deepen ties with regulated financial institutions in Asia. Ripple has agreed to partner with Meritz Securities, a South Korean financial firm, to explore digital asset services in the country.

The company cited an administrative delay in resetting the listing date for its XRPN shares. Evernorth has announced a revised timeline for the Nasdaq debut of its XRP-focused treasury vehicle, ticker XRPN. The firm now expects shares to begin trading on October 12, following what it described as an administrative delay.

A reported wind-down at the Abstract blockchain platform appears to be pushing Pudgy Penguins NFT prices higher while dragging on token valuation. A reported shutdown connected to Abstract, the blockchain platform associated with the Pudgy Penguins brand, is producing diverging reactions across the project's assets.

A lawsuit, a technical standard and a licensing rejection each put the power to halt crypto assets on the record, at three different points in the stack. A lawsuit, a technical standard and a licensing rejection each put the power to halt crypto assets on the record, at three different points in the stack.

Conduit alleges Tether unlawfully froze its stablecoin holdings and seeks damages for the resulting losses. Conduit has sued Tether, alleging the stablecoin issuer wrongfully froze $2.76 million of the company's USDT holdings. The lawsuit was reported on October 7 by BitKE and crypto.news, both pointing to damages as the core of Conduit's claim.

The new token standard gives issuers compliance tools to restrict, freeze or seize assets on the Cardano blockchain. The Cardano Foundation has launched a new token standard, designated CIP-0113, that hands token issuers unprecedented control over digital assets on the network. Under the standard, issuers can freeze, seize or restrict tokens held by users.

Germany's BaFin has turned down the exchange's application under the EU's Markets in Crypto-Assets framework, leaving trading suspended. Bitcoin.de's trading platform has been halted after Germany's financial regulator rejected its application under the Markets in Crypto-Assets regulation, known as MiCA.

A bullish technical pattern has reappeared on Dogecoin charts, though traders differ on whether it signals a breakout past the $0.10 mark. Dogecoin's chart has produced a golden cross, a technical signal that traders often treat as an early sign of upward momentum.

Traders watch for a range breakout as Ethereum consolidates below a key resistance level. Ethereum continues to trade within a defined range, with market watchers pointing to $2,800 as the level that could determine the next directional move.

A short-term rally has renewed debate over whether token buybacks can sustain momentum in LayerZero's native asset. LayerZero's native token, ZRO, advanced 11% in recent trading, according to crypto.news and AMBCrypto. The rally marked a shift in short-term momentum after buyers reasserted control over price direction.

The push for delivery-versus-payment aims to settle asset and cash legs together, in seconds, on Solana. The Solana Foundation has unveiled a delivery-versus-payment initiative aimed at atomic settlement on its blockchain. The mechanism ties the transfer of an asset and its corresponding payment into a single, indivisible transaction.

The milestone test aims to treat Ethereum's base layer and its rollups as one connected economic system. Ethereum's scaling roadmap has long relied on layer-2 rollups to process transactions cheaply while settling final state back to the base layer.

Ripple names Turkey a priority digital assets hub, pointing to Garanti BBVA custody work and its RLUSD stablecoin rails Ripple has singled out Turkey as a priority market for its digital assets business, according to reporting from Bitcoin.com News and CoinGape.

Developers raised the Sepolia testnet gas limit to 200 million and pushed an urgent fix before a planned jump in network capacity. Ethereum developers pushed an emergency update to the Prysm consensus client on the Sepolia testnet this week.

The new wallet positions stablecoins as the default asset rather than an afterthought in crypto storage. Changer+ has introduced a self-custodial wallet built with stablecoins as its primary focus. The company says the product is meant to make stablecoins easier to use for everyday transactions and storage.

In four of today's reports, the two outlets covering each story disagree on a number, a date or an attribution that cannot both be correct. In four of today's reports, the two outlets covering each story disagree on a number, a date or an attribution that cannot both be correct.