News

Key Takeaways

• The community is reviewing a new proposal to compensate traders who suffered losses 
• The vote will determine whether reimbursements should be made using funds from the insurance reserve.

Leading decentralized derivatives exchange dYdX announced on Monday that its governance community will vote on whether to compensate affected traders up to $462,000 from the protocol’s insurance fund. As per reports, the community is reviewing a new proposal to compensate traders who suffered losses during the October 10 outage.

The exchange confirmed that no user funds were lost on-chain, but several traders suffered liquidation-related losses during the chain halt. The vote will determine whether reimbursements should be made using funds from the insurance reserve.

A recent post on the dYdX community forum, notes that the defi platform’s team identified 27 valid claims after probing the halt. The dYdX had attributed the eight-hour outage on October 10 as a “misordered code process” during a deployment. According to the platform’s post-mortem report, the incident caused the dYdX Chain to halt operations for roughly eight hours. The delay was extended as validators took longer to restart their oracle sidecar services, resulting in stale price data once the network resumed.

Although the outage did not result in the loss of on-chain funds, dYdX said its matching engine executed trades and liquidations at incorrect prices once operations restarted, leaving some traders with unexpected losses. The exchange stated that it intends to support affected users and proposed that the community decide whether to draw from its insurance fund for compensation.

The outage coincided with what analysts described as the largest liquidation event in crypto history, with an estimated $19 billion in leveraged positions wiped out across exchanges. The timing of the network disruption exacerbated losses for traders relying on dYdX’s derivatives platform.

“The dYdX Chain experienced a halt due to a misordered code process. Once validators restarted, outdated oracle data caused the matching engine to process trades at incorrect prices,” the exchange explained in its incident report.

dYdX emphasized that the final decision on compensation will rest with the community through a governance vote. The proposal, if approved, would reimburse affected users with up to $462,000 from the protocol’s insurance fund to cover liquidation-related damages.

Key Takeaways

• The court held that it agreed with the Bombay High Court’s earlier findings that virtual digital assets are held in trust by exchanges and that fiduciary duties are owed to users. 
•  The court directed the crypto exchange to furnish a bank guarantee for Rs 9,56,000 or deposit the same in an escrow account until the conclusion of arbitration proceedings.

In a major development, the Madras High Court has granted interim protection to a WazirX user by restraining the exchange from reallocating her XRP holdings to absorb losses from its $230 million hack.

In an order passed on October 25, Justice N. Anand Venkatesh directed the crypto exchange to furnish a bank guarantee for Rs 9,56,000 or deposit the same in an escrow account until the conclusion of arbitration proceedings. The ruling came in the matter of Rhitukumari vs. Zanmai Labs Private Limited. Escrow is referred to as financial arrangement where a neutral third party, holds funds or assets during a transaction

The court held that it agreed with the Bombay High Court’s earlier findings that virtual digital assets are held in trust by exchanges and that fiduciary duties are owed to users. It stated that the applicant’s 3,532 XRP coins, worth about $9,400, could not be redistributed to compensate for the company’s broader losses.

However, Justice Venkatesh ruled that the plan could not apply to the applicant, since the stolen assets in the July 18, 2024, hack were ERC-20 tokens — completely different cryptocurrencies. “What was held by the applicant as cryptocurrencies were 3,532.30 XRP coins. What were subjected to a cyberattack on 18.7.2024 in the WazirX platform were ERC-20 coins, which are completely different cryptocurrencies not held by the applicant,” the court noted.

The court observed that if the scheme led to the applicant’s assets being eroded, she would be a “vulnerable party entitled to protection.” It therefore granted interim protection under Section 9 of the Arbitration and Conciliation Act.

WazirX’s July 2024 exploit, one of the biggest crypto hacks in India, resulted in losses worth a staggering $230 million. The exchange has since said it will distribute recovery tokens to creditors within 10 business days under its modified scheme approved in Singapore on October 13.

Earlier this week, WazirX announced that it had resumed operations after completing a restructuring process approved by the High Court of Singapore. The restructuring plan, supported by over 95% of creditors, proposed to “socialize losses,” including for users who did not hold ERC-20 tokens.

Key Takeaways

• Tillis said lawmakers must act by early 2026 to finalise bills on digital assets, stablecoins, and crypto regulation.
• Tillis emphasised that Congress needs to pass meaningful crypto reforms by “the first part of January or February” 

In a major development, North Carolina Senator Thom Tillis, a Republican member of the U.S. Senate Banking Committee, has cautioned that Congress has only a limited window to advance crypto legislation before the upcoming election cycle disrupts progress.

Tillis said lawmakers must act by early 2026 to finalize bills on digital assets, stablecoins, and crypto regulation. “I’m not optimistic about us moving much further on anything around digital assets, stablecoins, or crypto in this Congress,” he said, warning that the legislative momentum could fade as election politics take center stage.

Further, Tillis emphasised that Congress needs to pass meaningful crypto reforms by “the first part of January or February” to avoid pushing the process into the 2026 midterm cycle, where the chances of success would significantly diminish.

The senator’s comments come amid an ongoing U.S. government shutdown that began on October 1, following disagreements over a funding bill tied to healthcare cuts and subsidy disputes. While the Senate remains active, House Speaker Mike Johnson has yet to resume legislative business in the chamber, delaying multiple bills—including those related to digital assets.

One of the key measures stalled by the shutdown is the CLARITY Act, which was approved by the House in July. The proposed bill was intended to create an unified regulatory framework for digital assets. It aims to clarify which regulator, the SEC (Securities and Exchange Commission) or CFTC ( Commodity Futures Trading Commission), has authority over specific crypto projects

In August, Senator Cynthia Lummis, another Republican member of the Senate Banking Committee, had hinted that the crypto bill could become law by 2026. Lummis had said– before the shutdown came into effect — Republicans’ goals included having a market structure bill passed through the Senate Banking Committee by the end of September, followed by consideration in the Senate Agriculture Committee the next month.

Solana is trading around $203.35, showing steady momentum as the broader crypto market attempts to recover from earlier volatility.

Despite short-term fluctuations, SOL remains a top performer among altcoins, supported by high network activity, expanding DeFi usage, and strong developer engagement.

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Solana Next Target

• Price: $203.35
• Market Cap: $93.25 billion
• 24-Hour Trading Volume: $3.45 billion
• Circulating Supply: 458.9 million SOL
• Total / Max Supply: 580 million SOL

Price remains in an Uptrend. It bounced up from support (200 SMA and $175) and has now broken back above $200 resistance. Potential upside back to $275-$300 for +30-50% potential gain. That $300 level is the 52-week high from Dec 2024.

There have been several Solana-focused Treasury companies buying SOL. Most recently, Forward Industries seeks to raise additional $4B for its Solana-Focused Treasury.

That’s on top of the $1.6B they’ve spent to acquire 6.8M SOL. Currently, 15.8M SOL tokens have been acquired by SOL-focused Treasury companies. That’s 3% of supply.

Key Indicators & Market Signals

• Support is currently found near $195–$198, with strong resistance at $210–$215.
• RSI stands at 55, suggesting mild bullish momentum with room for growth.
• Solana continues to trade above its 50-day moving average, indicating sustained mid-term strength.
• Transaction volumes and active wallet counts remain stable, signaling continued ecosystem health.
• DeFi TVL (total value locked) on Solana has increased over the past month, reflecting rising investor confidence.

Latest News Highlights

• Solana developers are preparing for a new network optimization upgrade aimed at improving validator performance.
• Several gaming and NFT projects have launched on Solana this month, boosting ecosystem visibility.
• Analysts expect SOL to maintain leadership among Layer-1 blockchains due to its speed and cost efficiency.

Summary

Solana trades at $203.35, with key support around $195 and resistance near $215. A breakout above resistance could open the path to $230–$240, while failure to hold support might trigger a pullback toward $185–$190.

With strong fundamentals, high transaction throughput, and ongoing network upgrades, Solana remains one of the most promising blockchain platforms to watch heading into late 2025.

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Arweave is trading around $3.79, reflecting its latest correction phase after earlier swings. As a blockchain designed for permanent data storage and on-chain archiving, its value remains tied to enterprise and Web3 adoption rather than speculative pump cycles alone.

While price is under pressure, the token may present a risk-adjusted opportunity depending on network developments.

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Arweave Crypto Next Target

• Price: $3.79
• Market Cap: $254 million (with circulating supply ~65.6 million AR)
• 24-Hour Trading Volume: $32.7 million (based on historical data for this date)
• Circulating Supply: 65.6 million AR
• Total/Max Supply: 66 million AR

The price is trading inside the horizontal demand zone of the descending triangle pattern. Keep an eye on the breakout or breakdown.

Key Indicators & Market Signals

• Resistance is positioned near $4.00–$4.10; breaking above that could mark the start of a recovery phase.
• Support lies around $3.50–$3.60; a breakdown below may expose further downside risk.
• Relative to previous highs, AR has pulled back significantly—suggesting caution for new entrants.
• Because Arweave’s use case is more infrastructure-oriented, triggers may come from adoption news rather than pure market euphoria.

Latest News Highlights

• Arweave is highlighted in Web3 analyst commentary for its unique “permaweb” storage niche, though widespread adoption remains incremental.
• Some tooling integrations in archival data and blockchain-based storage are reported, which may build structural demand over time.
• Given its low market cap and niche utility, AR remains vulnerable to macromarket pullbacks and rotation away from smaller infrastructure tokens.

Summary

Arweave trades near $3.79, with a market cap near $254 million, and daily volume around $32.7 million. With resistance around $4.00–$4.10 and support around $3.50–$3.60, the next move will depend heavily on adoption and infrastructure news.

Breakout above resistance could lead to a test of $5.00+, while breakdown below support might target $3.00–$3.20. For investors looking at infrastructure tokens, Arweave offers a longer-term oriented, high-risk/high-reward profile.

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Key Takeaways

• The move follows the White House’s decision to withdraw the earlier nomination of Brian Quintenz
• Brian Quintenz’s nomination was stalled in July this year after Winklevoss asked Trump to halt the process

Reports have surfaced suggesting that U.S. President Donald Trump is set to nominate Michael Selig, the Securities and Exchange Commission’s (SEC) crypto task force chief counsel, as the next chair of the Commodity Futures Trading Commission (CFTC). This was reported by Bloomberg news, though an official announcement is still pending.

The move follows the White House’s decision to withdraw the earlier nomination of Brian Quintenz, marking a major shift in the administration’s approach to digital asset regulation.

Selig has been a central figure behind the SEC’s ongoing pro-crypto overhaul under the Trump administration’s second term. His elevation to lead the CFTC signals a stronger alignment between the two top financial regulators, as both agencies prepare to build a shared regulatory framework for crypto, tokenized assets, and prediction markets.

The appointment also represents a political victory for Gemini co-founders Tyler and Cameron Winklevoss, who have reportedly lobbied the administration to replace Quintenz. Brian Quintenz’s nomination was stalled in July this year after Winklevoss asked Trump to halt the process, while highlighting resentment at the former President Biden administration’s crackdown on his company.

The twins were openly critical of Quintenz’s stance on the CFTC’s 2022 lawsuit against Gemini and objected to his calls for expanding the agency’s budget to manage the growing oversight of digital assets, arguing that it could lead to “regulatory capture.” Their campaign ultimately led to Quintenz’s withdrawal from the nomination process.

As the CFTC faces one of the most transformative periods in its fifty-year history, Selig’s leadership is expected to shape how the agency approaches the rapidly evolving world of crypto derivatives, decentralized finance, and tokenized commodities. His nomination also comes amid a staffing vacuum — the CFTC currently operates under a single acting chair, Caroline Pham, with no other confirmed commissioners.

Although speculation has circulated about a potential merger between the SEC and CFTC, senior officials have dismissed the idea, clarifying that only Congress or the president could authorize such a consolidation.

Earlier this year,  White House had put out a report that said the SEC should consider creating safe-harbors for digital assets and establish a “fit-for-purpose exemption from registration” for securities distributions, while granting the CFTC the authority to “regulate spot markets in non-security digital assets.” Both agencies have pledged to “harmonise” their efforts, with a joint statement released in September emphasizing a unified regulatory roadmap for the country’s crypto industry.

Flow is trading at $0.2757, reflecting modest movement as the token continues to consolidate. The broader crypto market remains cautious, and Flow’s performance indicates the asset is in a waiting phase rather than a breakout.

Flow Crypto Next Target

• Price: $0.2757
• Market Cap: $441.64 million
• 24-Hour Trading Volume: $5.76 million
• Circulating Supply: ~1.60 billion FLOW
• Total / Max Supply: ~1.60 billion FLOW

The price is consolidating inside the symmetrical triangle pattern. Keep an eye on the breakout or breakdown to confirm the next move.👀

Key Indicators & Market Signals

• Flow is trading close to support around $0.2700; a break below might open room toward $0.2600.
• Resistance is visible around $0.2800–$0.2850; a clean break above could shift momentum.
• Trading volume remains moderate, suggesting accumulation or consolidation rather than strong directional spikes.
• Flow’s fundamentals—such as ecosystem development and Web3 use cases—continue to matter, but near-term price action appears range-bound.

Latest News Highlights

• Flow remains part of the NFT and web-scale blockchain conversation, but it has yet to regain major growth momentum.
• Analysts highlight the need for meaningful adoption and technical catalysts to drive the next leg up.
• Cheap liquidity and small-cap dynamics mean FLOW remains vulnerable to external shifts in sentiment.

Summary

Flow is trading at $0.2757, with support near $0.2700 and resistance around $0.2800–$0.2850. If FLOW manages a breakout above resistance, it could aim for $0.3000+; failure to hold support may see a test of $0.2600.

Given its ecosystem role and modest market cap, Flow is a candidate for longer-term watchers—but for now it’s showing consolidation rather than breakout behavior.

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