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Ethereum, Solana, XRP, BNB, memecoins and new listings: the altcoin stories traders are watching today.
The funding rate on BTW perpetual futures is −0.063% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
The funding rate on XMR perpetual futures is +0.090% per 8 hours, which means long traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp flush lower (long squeeze).
A new Ethereum draft targets a fourfold cut in the time it takes transactions to become final. Faster finality could free up money that transfer services tie up while customer payments clear. For traders, this could matter if it lowers the cost of moving crypto.
Qubic's recovery rules can require more than a valid signature before holders of listed vulnerable wallets regain access. This applies even when an attacker took no funds. For traders, it shows that recovery on the network can involve stricter steps than some holders might expect.
Solana activated its new Alpenglow consensus system on mainnet on Oct. 21, replacing the older TowerBFT design. The network targets finality in about 150 milliseconds, and confirmed and finalized states now become the same. For traders, faster finality could matter if it makes Solana activity settle more quickly.
The funding rate on SNDK perpetual futures is +0.062% per 8 hours, which means long traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp flush lower (long squeeze).
MAGMA is one of the biggest movers among the most traded coins today, up 72.4% to $0.52545 with $195.2M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Starknet voters have approved research into an independent blockchain that is not tied to Ethereum. StarkWare plans to publish a draft whitepaper in November, with the design aimed at resisting quantum computing attacks. For traders, this is an early stage project, so it may affect sentiment more than near-term prices.
Illuvium co-founder Kieran Warwick says a new wave of crypto 'meme games' is on the way, after memecoins. He expects many projects to be Ponzi schemes or exploits, with some failing within hours. For traders, it is a reminder that hype-driven tokens can bring sharp gains and sharp losses.
IOST is one of the biggest movers among the most traded coins today, down 22.9% to $0.000906 with $1.06B traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Solana has completed its Alpenglow upgrade, a new voting system designed to settle transactions in about 150 milliseconds. Faster settlement could shorten waits for payments and deposits on the network. Users can keep their existing wallets.
Solana has gone live with its largest network change since 2020, a new voting system. It targets settlement in about 150 milliseconds, which could shorten waits for payments and deposits. Users can keep their existing wallets, so no switch is needed.
The funding rate on SKHYNIX perpetual futures is +0.084% per 8 hours, which means long traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp flush lower (long squeeze).
The XRP Ledger bug fix has been delayed to November. Its two-week countdown was almost finished when validator support fell to 26 of 35, so it lost its place. Support has since recovered to 31 validators.
BTW is one of the biggest movers among the most traded coins today, down 17.1% to $1.70 with $254.4M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
DOOD is one of the biggest movers among the most traded coins today, down 19.0% to $0.00229 with $1.05B traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
IRYS is one of the biggest movers among the most traded coins today, up 60.7% to $0.02084 with $167.2M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Q is one of the biggest movers among the most traded coins today, down 9.5% to $0.1137 with $164.8M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
ZEC is one of the biggest movers among the most traded coins today, up 12.2% to $1,363 with $1.99B traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
JCT is one of the biggest movers among the most traded coins today, down 13.3% to $0.004097 with $479.0M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
