CRYPTO
Crypto Briefing
06 Oct 2026 · 07:15
Solana trails Robinhood Chain with 35% vs 39% tokenized equity market share
Solana's resurgence in tokenized markets highlights the growing demand for 24/7 trading, challenging traditional brokerage models. The post Solana trails Robinhood Chain with 35% vs 39% tokenized equity market share appeared first on Crypto …
Solana's resurgence in tokenized markets highlights the growing demand for 24/7 trading, challenging traditional brokerage models.
The post Solana trails Robinhood Chain with 35% vs 39% tokenized equity market share appeared first on Crypto Briefing. Solana has topped Robinhood Chain in weekly spot trading of tokenized equities for the first time in six weeks Solana just won back a crown it used to wear without trying. Its weekly spot trading vol…
CRYPTO
Bitcoinfoundation.org
06 Oct 2026 · 07:00
XRP Scarcity Index Turns Negative: What Does It Mean for XRP Price?
XRP▲$1.39 has a new supply problem—or at least one on-chain metric suggests so. The XRP scarcity index on Binance has turned negative, at around -0.94 on average, its lowest reading since January 2025. The …
XRP▲$1.39 has a new supply problem—or at least one on-chain metric suggests so. The XRP scarcity index on Binance has turned negative, at around -0.94 on average, its lowest reading since January 2025. The same metric was near its two-year peak just three months ago.
Read More: He Says His Binary Options Strategy Brings In $2,000 a Week—Watch Him Trade Live
On its surface, that is bearish, with more supply apparently available for trading. But the signal is nuanced, with XRP still trading around $1.50, exchange reserves well below their 2024 highs, and institutional funds holding more than a billion XRP.
What has changed—and would the negative XRP scarcity index necessarily predict lower XRP prices?
Related: XRP 2016 Pattern Returns: EGRAG Crypto Says $50 Could Be in Play
What Is the XRP Scarcity Index?
The XRP scarcity index is a metric that attempts to quantify how scarce XRP is on Binance compared with historical conditions.
The basic premise is not complicated:
A higher index means less readily available XRP on Binance.
means less readily available XRP on Binance. A lower index means more readily available XRP on Binance.
means more readily available XRP on Binance. A negative index means XRP is unusually abundant for the metric’s historical baseline.
This is important because crypto on an exchange can be sold almost immediately, while XRP held in self-custody, institutional custody, or some other long-lasting wallet type is theoretically less likely to immediately enter trading.
Thus, exchange liquidity plays a role in how much sell-side pressure can be immediately put on a given asset.
If demand suddenly increases while very little XRP is available for sale, buyers may have to bid up prices in order to find sellers. If exchanges are already well supplied, then the same amount of demand can potentially be absorbed without as dramatic of a price increase.
The XRP scarcity index attempts to capture some of that difference.
Why Has the XRP Scarcity Index Turned Negative?
It has turned negative in particularly quick fashion.
As mentioned, the Binance XRP scarcity index rose to roughly 0.77 in July, its highest reading in about two years, before dropping below zero in early September and then falling another leg down to roughly -0.94 in late September.
That is an enormous change in a short span of time.
Binance XRP Scarcity Index Hits Its Highest Level Since Mid-2024
“This reflects a structural shift in the supply balance on Binance, indicating that XRP has become scarcer on the platform than in previous months. – By @ArabxChain
Link ⤵️https://t.co/aeEszezA1Y pic.twitter.com/C972vs8oV6 — CryptoQuant.com (@cryptoquant_com) July 6, 2026
On its own, that likely means that XRP available through the exchange has become substantially less scarce.
It has been borne out in recent exchange activity. CryptoQuant data showed Binance reserves averaging roughly 2.68 billion XRP in late September, roughly 2.4% above their 90-day baseline.
But there is an important nuance.
Those reserves are still far below their long-term peak: Binance holding more than 3.2 billion XRP in November 2024.
Does a Negative XRP Scarcity Index Mean Investors Are Selling?
Not necessarily.
Moving XRP onto an exchange increases its potential to be sold. It does not prove that a sale has happened.
Recent Binance flows demonstrate the difference.
XRP deposits into Binance surged well above their recent average in September, but withdrawals also jumped substantially. As a result, Binance reserves moved far less than gross flows might suggest.
That is more heavy trading and repositioning rather than a rush to sell.
Imagine an exchange as a highway. A huge number of cars can enter the road during the day without the parking lot being full at midnight.
The XRP scarcity index, therefore, measures an important condition but not trader intent.
Read more: Ripple Brings Brazilian Fund Records to XRP Ledger in Live Regulated Market Rollout
Why Has XRP Price Held Up?
If XRP has become much less scarce on Binance, why has its price not collapsed?
Demand has apparently absorbed much of the additional liquidity.
XRP traded close to $1.50 through late September and early October even while the XRP scarcity index continued to fall. This is important: supply conditions worsened, but price resisted a sharp decline.
XRP Binance Open Interest Falls 15.3% From Its Six-Month High
“For now, the clearest reading is that XRP shed leverage while price held most of its gains.” – By @CryptoOnchain pic.twitter.com/HsZlH8kvbR — CryptoQuant.com (@cryptoquant_com) October 1, 2026
Particularly institutional demand may be a reason for that.
US-listed XRP funds tracked by XRP Insights have held roughly 1.16 billion XRP in spot ETFs as of October 2. Including XRP held through the Bitwise 10 Crypto Index ETF, the total approached 1.19 billion XRP.
Flows have also been positive. XRP funds added roughly 51 million XRP during the week ending September 25. Flows slowed dramatically the following week, but total holdings remained near record levels.
This creates an unusual supply-demand setup.
More XRP may be readily tradable on Binance, but a substantial quantity is simultaneously held via investment products and other longer-term vehicles.
The negative XRP scarcity index, therefore, is a headwind—but not necessarily a dominant force.
Is the XRP Scarcity Index Bearish for XRP Price?
Moderately bearish, yes. The signal removes one factor that was previously supporting the bullish XRP thesis.
When the XRP scarcity index was climbing toward 0.77, the argument was simple: exchange supply was shrinking. If demand accelerated, buyers would be competing for a scarce pool of readily tradable XRP.
That potential supply squeeze is now weaker.
A reading near -0.94 means XRP traders should no longer assume Binance liquidity is tightening. If holders start selling aggressively, there is enough accessible supply to make that selling easier.
But price depends on both sides of the equation.
A negative scarcity reading that is accompanied with:
Rising Binance reserves
Positive exchange netflows
ETF outflows
Weak spot demand
Falling price
would be significantly more bearish.
That is not the complete picture at the moment. Instead, XRP has seen higher exchange availability while its price has remained relatively stable around $1.50. That suggests buyers are still absorbing a meaningful amount of available supply.
Related: Best Crypto to Invest in: Bitcoin, Ethereum or XRP? What the Latest ETF Flows Reveal
What Matters More Than the XRP Scarcity Index?
The index is much more valuable when paired with several other indicators.
Binance XRP Reserves
Watch whether reserves actually continue to rise.
If Binance balances continue to climb persistently while the XRP scarcity index stays deeply negative, the bearish interpretation is stronger.
More tokens would not merely be circulating through the exchange, but accumulating there.
If reserves stabilize or start to decline, the negative scarcity reading becomes less threatening.
Exchange Netflows
Gross deposits can be misleading because large inflows may be matched with equally large withdrawals.
Sustained positive netflows would suggest more XRP is entering exchanges than exiting them.
That would provide stronger evidence of growing potential selling pressure.
XRP ETF Flows
ETFs have become a meaningful source of structural XRP demand.
If ETF holdings continue to increase while exchange supply expands, institutional accumulation could absorb part of the additional liquidity.
If ETF flows turn persistently negative at the same time that Binance supply rises, XRP would lose one of its strongest demand buffers.
Spot Price
Price itself is the final test.
A deeply negative XRP scarcity index matters much more if XRP simultaneously starts breaking major support levels.
If XRP continues trading around $1.50 or moves higher despite abundant Binance liquidity, the market is effectively demonstrating that demand is strong enough to absorb the available supply.
What Would Turn the Signal Bullish Again?
The cleanest bullish scenario would be a reversal of the XRP scarcity index followed by renewed exchange outflows.
If Binance reserves begin to fall again while ETF holdings or spot buying continue to rise, XRP would face growing demand against a shrinking amount of readily tradable supply.
That is the environment in which scarcity can be genuinely powerful.
The opposite scenario is more concerning. If the XRP scarcity index remains deeply negative while exchange reserves rise and demand begins to weaken, XRP would face both sides of the bearish equation.
For now, the market is between those extremes.
What Does the XRP Scarcity Index Mean for XRP Price?
The latest reading is a warning, but not a prediction.
XRP has lost some of the supply-side advantage it had earlier in 2026. Binance liquidity is no longer unusually tight, and a potentially supply-driven squeeze has weakened.
Yet XRP price has proven remarkably resilient.
Perhaps that is the most important signal. If XRP can stay around $1.50 while the XRP scarcity index is near its lowest since January 2025, then scarcity is not necessarily the only force supporting the market.
The next move will depend on whether abundant exchange liquidity turns into actual selling.
MACRO & FED
Biztoc.com
06 Oct 2026 · 06:45
3 US Growth Tech Stocks Retail Investors Are Watching After Cooling Inflation
Rate hike odds just swung sharply, inflation cooled and the latest jobs report underwhelmed, so interest rate sensitive growth and technology stocks are suddenly back in focus for anyone watching the Fed. This mix …
Rate hike odds just swung sharply, inflation cooled and the latest jobs report underwhelmed, so interest rate sensitive growth and technology stocks are suddenly back in focus for anyone watching the Fed. This mix of softer data and slower wage gains is reshu… Rate hike odds just swung sharply, inflation cooled and the latest jobs report underwhelmed, so interest rate sensitive growth and technology stocks are suddenly back in focus for anyone watching the…
MACRO & FED
The Times of India
06 Oct 2026 · 06:45
FD interest rate hike coming? With rising inflation, many experts expect RBI to hike interest rate
Many financial analysts expect the Reserve Bank of India to increase the repo rate by 25 basis points. This forecast is driven by persistent inflation, soaring crude oil prices, and a depreciating rupee. Should …
Many financial analysts expect the Reserve Bank of India to increase the repo rate by 25 basis points. This forecast is driven by persistent inflation, soaring crude oil prices, and a depreciating rupee. Should the RBI implement this hike, it could lead to hi… Many experts believe the Reserve Bank of India (RBI) could increase the repo rate by 25 bps from 5.25% to 5.50% in the Monetary Policy Committee (MPC) meeting concluding on Wednesday (October 7, 2026…
CRYPTO
Biztoc.com
06 Oct 2026 · 06:45
MSTR, COIN, CRCL, BMNR Stocks Rally With Bitcoin Within $500 Of September Peak
The move marked Bitcoin's second failed attempt in a week to break through the late-September high. - MSTR and CRCL gained around 3% in premarket trading, while COIN and BMNR rose roughly 2.5%. - …
The move marked Bitcoin's second failed attempt in a week to break through the late-September high.
- MSTR and CRCL gained around 3% in premarket trading, while COIN and BMNR rose roughly 2.5%.
- MSTR was the only one of the four crypto-linked stocks with ret… The move marked Bitcoin's second failed attempt in a week to break through the late-September high.- MSTR and CRCL gained around 3% in premarket trading, while COIN and BMNR rose roughly 2.5%.- MSTR …
CRYPTO
Crypto Briefing
06 Oct 2026 · 06:45
Bloomberg Terminal adds real-time tracking for Hyperliquid perp quotes
Wall Street's favorite screen now shows prices from a decentralized derivatives exchange, though trading it is another matter The Bloomberg Terminal now displays live quotes from Hyperliquid. Users can pull up real-time prices for …
Wall Street's favorite screen now shows prices from a decentralized derivatives exchange, though trading it is another matter
The Bloomberg Terminal now displays live quotes from Hyperliquid. Users can pull up real-time prices for select Hyperliquid perpetual futures by typing WSL HYPE <GO>.
The coverage goes well beyond crypto. The feed includes contracts tied to equities, commodities, foreign exchange, indices and digital assets.
What Bloomberg actually turned on
Bloomberg’s Michael McDonough first flagged the feature on September 29, 2026. It officially went live on October 5, 2026.
The contracts on display read like a cross-section of a macro trader’s watchlist. Oil, gold, Brent crude, the S&P 500, NVIDIA-related contracts, Bitcoin and the EUR/USD currency pair are all part of the mix.
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A perpetual future, or “perp,” is a contract that tracks the price of an asset but never expires. Traders can hold a position for as long as they like, which is why perps became the dominant way to trade crypto with leverage.
What makes this feed unusual is the hours. Hyperliquid’s markets run 24/7, so Terminal users get pricing data around the clock. That includes contracts on assets like gold and the S&P 500, whose traditional venues keep regular business hours.
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There is no trade execution, so a portfolio manager can look at a Hyperliquid quote on their Terminal but cannot place an order through it.
The pitch for institutions is comparison. Desks can line up Hyperliquid’s pricing against traditional benchmarks side by side, without toggling between platforms or opening a crypto-native dashboard.
How Hyperliquid got here
Hyperliquid runs decentralized perpetual futures trading on its own Layer-1 blockchain. The platform supports more than 100 assets.
The launch came shortly after President Trump made public comments about the CFTC’s regulatory efforts concerning Hyperliquid’s operations in the United States. Meanwhile, Hyperliquid still geo-blocks users in the US.
What this means for Hyperliquid and institutional traders
The most immediate effect is reputational rather than financial. Appearing on the Terminal positions Hyperliquid as a credible price reference inside institutional data infrastructure.
The research behind this launch points to no immediate inflows tied to the integration. Without execution and with US users blocked, there is no direct pipe from a Terminal screen to Hyperliquid’s order books.
Some market analysts suggest the data-only setup could be a preliminary step towards deeper engagement with institutional investors. Bloomberg has not announced trading functionality.
CRYPTO
Crypto Briefing
06 Oct 2026 · 06:45
Philadelphia Fed study finds small Bitcoin traders move fast after whale alerts
A Federal Reserve working paper links large Bitcoin transfers to sharp, short-lived jumps in smaller wallet activity, while Ethereum barely reacts When a Bitcoin whale moves, the minnows apparently notice. A new working paper …
A Federal Reserve working paper links large Bitcoin transfers to sharp, short-lived jumps in smaller wallet activity, while Ethereum barely reacts
When a Bitcoin whale moves, the minnows apparently notice. A new working paper from the Federal Reserve Bank of Philadelphia finds that smaller Bitcoin wallets sharply increased trading activity within 15 minutes of large transfers being publicly flagged.
What the Philadelphia Fed found
The paper, catalogued as WP 26-42, examines how whale transactions relate to the behavior of non-whale wallets on Bitcoin (BTC) and Ethereum (ETH). The sample runs from December 2017 through December 31, 2025, covering a stretch of crypto history that includes multiple boom and bust cycles.
Researchers paired on-chain data with public notifications from Whale Alert, a service that broadcasts large crypto transfers. The analysis covered more than 6,600 BTC transactions and 5,000 ETH transactions.
The definition of a whale was strict. Only wallets making transfers above $50 million qualified, and exchanges and smart contracts were excluded so the focus stayed on individual large holders rather than institutional plumbing.
The headline result: small and medium Bitcoin wallets lifted their buy participation by 14.81 to 23.72 percentage points in the first 15 minutes after whale buy signals. Sell participation rose by 12.95 to 29.52 percentage points after whale sell alerts.
Both results were statistically significant at the 1% level.
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The raw numbers tell a similar story. Activity among small wallets jumped from 18.6% to 33.2% after whale alerts, while medium wallet activity climbed from 33.8% to 57.9%.
Ethereum shrugs
Ethereum traders, by contrast, mostly ignored the giants. ETH and Wrapped Bitcoin (WBTC) showed little to no measurable reaction to whale alerts.
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The strongest ETH response came from the largest non-whale sellers, who shifted participation by just 0.76 percentage points.
Volatility followed the same split. Bitcoin saw a brief volatility surge after alerts, with the paper noting a 24-hour volatility spike following whale activity and the peak coming after WBTC alerts. Ethereum volatility stayed lower and more stable after massive transfers.
The researchers frame this as evidence of structural and informational asymmetries between the two markets.
Correlation, not a trading manual
One crucial caveat sits at the center of the paper. The authors do not claim that traders acted because of the alerts, and they do not assess whether following whales was profitable.
The paper offers a possible explanation for the BTC versus ETH gap. Bitcoin’s transaction structure is simpler, so a large transfer may be easier to read as a meaningful signal. Ethereum activity is tangled up with exchanges and smart contracts, which may make it harder for observers to interpret and act on.
The decay of the effect is also telling. Directional participation drifted back toward baseline within an hour.
What this means for traders and markets
The sell-side numbers deserve attention. Sell participation rose by as much as 29.52 percentage points after whale sell alerts, the widest range in the study.
The WBTC result adds a wrinkle worth watching. Wrapped Bitcoin itself showed little participation response, yet Bitcoin volatility peaked after WBTC alerts, suggesting cross-asset links that future research could unpack.
The open questions are the ones the authors deliberately left alone. Whether alerts actually drive these trades, and whether the smaller wallets that pile in come out ahead, remain unanswered.
MACRO & FED
CryptoSlate
06 Oct 2026 · 06:15
US jobs revision turns July’s 21,000 gain into a 10,000 loss
Softer hiring and slower wages weaken the labor case for another Fed hike, while inflation and household employment complicate the outlook. The post US jobs revision turns July’s 21,000 gain into a 10,000 loss …
Softer hiring and slower wages weaken the labor case for another Fed hike, while inflation and household employment complicate the outlook.
The post US jobs revision turns July’s 21,000 gain into a 10,000 loss appeared first on CryptoSlate. The US Bureau of Labor Statistics (BLS) revised July and August payroll gains down by 60,000 on Oct. 2, weakening the labor-based case for another Federal Reserve hike and potentially easing one poli…
MACRO & FED
Biztoc.com
06 Oct 2026 · 06:15
Kevin Warsh’s Fed has a rent problem: Higher rates could fuel a ‘doom loop’ in housing, top economist warns
Every aspect of the Federal Reserve’s job requires balance: Even its legal mandate of maximum employment versus inflation at 2% requires a trade-off between the two when setting the U.S. interest rate.One conundrum the …
Every aspect of the Federal Reserve’s job requires balance: Even its legal mandate of maximum employment versus inflation at 2% requires a trade-off between the two when setting the U.S. interest rate.One conundrum the central bank—specifically, the rate-sett… Every aspect of the Federal Reserves job requires balance: Even its legal mandate of maximum employment versus inflation at 2% requires a trade-off between the two when setting the U.S. interest rate…
CRYPTO
Biztoc.com
06 Oct 2026 · 06:15
10-Year Yield Above 5%, Oil Near $90, And Bitcoin: 3 Charts That Could Test The Stock Rally
The 10-year Treasury yield opened the week at 5.283% after pulling back from a level not seen since 2002. - WTI crude traded near $91 after OPEC+ kept November production targets unchanged, while Brent …
The 10-year Treasury yield opened the week at 5.283% after pulling back from a level not seen since 2002.
- WTI crude traded near $91 after OPEC+ kept November production targets unchanged, while Brent ended last week above $102.
- Applied Digital is among th… The 10-year Treasury yield opened the week at 5.283% after pulling back from a level not seen since 2002.- WTI crude traded near $91 after OPEC+ kept November production targets unchanged, while Bren…