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  • Standard Chartered Opens Bitcoin and Ethereum Trading to Wealthy UAE Clients

    Standard Chartered Opens Bitcoin and Ethereum Trading to Wealthy UAE Clients

    In brief

    • Standard Chartered launched direct Bitcoin and Ethereum trading for affluent UAE clients on Wednesday after receiving licensing approval from Dubai’s Virtual Assets Regulatory Authority.
    • Eligible Professional Investor clients can buy and sell BTC and ETH through their existing bank accounts, with the bank handling custody and settlement in a closed-loop model built with SC Ventures-backed Zodia Markets.
    • The bank called the service a global first for Standard Chartered and plans to expand it to other markets, though it gave no timeline.

    Standard Chartered will now let its wealthier clients in the United Arab Emirates buy and sell Bitcoin and Ethereum straight from their bank accounts, the British lender announced Wednesday.

    The move eliminates the need for its affluent clients to rely on separate wallets or third-party platforms, the bank said.

    Myriad: Where does Ethereum go next? Click to make your prediction.
    Myriad: Where does Ethereum go next? Click to make your prediction.

    The service opens first to clients classified as Professional Investors and runs under licensing approval from Dubai’s Virtual Assets Regulatory Authority, or VARA. The bank called it a global first for Standard Chartered and the first crypto trading offering from an international bank in the UAE.

    Trades are executed inside the bank’s own ecosystem, and Standard Chartered handles custody and settlement end-to-end through what it calls a closed-loop model, which the bank says reduces clients’ exposure to third-party wallet risk.

    The bank built the product across its Wealth and Retail Banking and Corporate and Investment Banking units, working with Zodia Markets, a digital asset trading firm backed by Standard Chartered’s venture arm, SC Ventures.

    “As client interest in digital assets continues to grow, this launch represents a significant milestone for Standard Chartered as we bring digital assets into our core wealth offering” Samir Subberwal, the bank’s global head of wealth solutions, retail products, data and analytics, said. He argued that clients now want more than access, and are looking for the security that comes with buying through a regulated institution.

    BitcoinBTC · USD

    $80,882−1.73%

    Oct 8Oct 10Oct 12Oct 13Oct 15

    $84.2k$83.0k$81.8k$80.6k

    24h HighHigh$83,791

    24h LowLow$80,444

    VolVol$1.9B

    Market projectionsOdds by Myriad

    →

    Rola Abu Manneh, Standard Chartered’s CEO for the UAE, Middle East and Pakistan, said the country was a natural choice given its regulatory environment and its role as one of the bank’s four global wealth hubs.

    Until now, Standard Chartered’s crypto trading business had catered to institutions. In July 2025, it became the first global systemically important bank—one of the lenders regulators consider too big to fail—to offer spot trading in Bitcoin and Ethereum to institutional clients, through its U.K. branch.

    It brought that institutional desk to the UAE last month through its unit in the Dubai International Financial Centre, which is overseen by a different watchdog, the Dubai Financial Services Authority. The bank’s crypto custody service had already gone live in the UAE in September 2024, and in the European Union through a Luxembourg entity a few months later.

    Wealth clients previously had indirect routes into crypto at the bank: crypto exchange-traded funds on its cash equities platform, structured products, and over-the-counter derivatives tied to crypto prices. The new service lets them own the coins themselves, held by the bank, rather than a product that tracks their price.

    The bank has historically been very bullish towards crypto, with frequent calls from its analysts for Bitcoin to extend to new highs.

    In June, Geoff Kendrick, Standard Chartered’s global head of digital asset research, declared crypto winter over after Bitcoin slid to nearly $59,000, a 53% drop from its October 2025 peak of $126,000. The bank has held onto a $100,000 year-end target for BTC.

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  • Woman who used sunbeds since being a teenager dies of skin cancer aged 30

    Woman who used sunbeds since being a teenager dies of skin cancer aged 30

    A woman who opened up about her regular use of tanning beds since she was 15 has tragically died of skin cancer aged just 30.

    Chelsea Tantum was 28 years old when she was diagnosed with an advanced melanoma, having spent years using the tanning beds.

    Following her diagnosis Chelsea worked to warn others of the dangers of tanning beds and urged people to always get checked.

    “If sharing my story helps even one person get a mole checked earlier, recognise warning signs, stop using sunbeds or understand how serious melanoma truly is, then speaking up is worth it,” she wrote in a public appeal on Just Giving.

    Chelsea used her condition to raise awareness of the dangers of tanning beds (Chelsea Tantum)

    Chelsea used her condition to raise awareness of the dangers of tanning beds (Chelsea Tantum)

    “If you’re able to donate — no matter how small — you’ll be helping to raise awareness, fund research, and support others walking this same path.”

    Chelsea had previously told of how she was just 15 years old when she started to use tanning beds alongside her friends, and that they would compete to see who could be the darkest, despite not being old enough.

    She would continue using tanning beds into her 20s, before being diagnosed with cancer when she was 28. At first she was diagnosed with melanoma which was stage 3C.

    When the cancer was diagnosed it had spread to her breast, ribs, femurs, lungs, liver, pelvis, and spine, and when she turned 30, Chelsea revealed that it had spread to her brain, reaching ‘stage 4D’.

    Chelsea died aged 30 (Facebook)

    Chelsea died aged 30 (Facebook)

    “As I approached my 30th birthday, I truly believed I was about to hear the words I had been waiting so long for: ‘no evidence of disease‘,” she wrote on the funding page.

    “Instead, I received devastating news. The melanoma had metastasised to my brain. I am now stage 4D. While there is currently no evidence of disease elsewhere in my body, melanoma has once again found a new place to appear.”

    “This is why awareness matters so deeply to me. Melanoma is not just skin cancer. It spreads fast. It spreads aggressively. And it can change — or end — lives far quicker than people realise.”

    Chelsea died on 30 September, and her funeral is now scheduled for 23 October.

    Tributes were also paid to her following her death on social media, as one person penned on 30 September: “We won’t ever understand why this has happened to the most beautiful person in the world.

    “You have fought so hard and you didn’t ever give up hope. Your grit and determination with your utter dedication to beat this disease is something I’ll never forget.”

    Chelsea was diagnosed when she was 28 (Chelsea Tantum)

    Chelsea was diagnosed when she was 28 (Chelsea Tantum)

    Chelsea used her illness to call for tighter controls on tanning bed use, including mandatory ID checks, and to support charities that research the disease.

    This included raising £4,210 at the time of writing on a Just Giving page, which is to support the charity Melanoma Focus that supports people who have the condition, as well as helping to make people aware of the dangers associated with tanning bed use.

    Back in May the UK government has announced plans to introduce the very policy that Chelsea had been fighting for, saying that it wants to introduce essential ID checks for customers at tanning salons.

    While there is a ban on people under 18 using tanning beds, there were concerns that under-18s are still able to access them, something which Chelsea’s case very clearly indicated.

    UV-emitting tanning devices are also classified as a Group 1 carcinogen by the World Health Organization’s International Agency for Research on Cancer.

    A consultation on the policy closed back in August 2026, and the new rules could come into effect in 2027.

  • Influencer Gracie Bon responds to backlash after posing for photos in Panama earthquake rubble

    Influencer Gracie Bon responds to backlash after posing for photos in Panama earthquake rubble

    Gracie Bon insists that she was ‘not posing’ after being accused of doing so in the midst of the Panama earthquake rubble.

    UNICEF estimates that 38,000 people, including 8,300 children, are in need of humanitarian assistance following the 7.7 and 6.6 magnitude earthquakes that struck Panama on Friday (9 October).

    On Sunday, the content creator, who has 12 million followers on Instagram, posted pictures of her standing in the rubble to showcase the ‘reality of my country’.

    “After the earthquake, we’re reminded that material things can be replaced, but life is priceless,” she penned in the caption.

    “Hug your loved ones a little tighter, be grateful for what you have, live in the moment, and show up for those who need it most.”

    Her photos, however, were hit with a wave of criticism in the comments, such as ‘Help? No. Have a photo shoot? Yes’, as another said, ‘Unbelievable.. Just for looking for likes’.

    Bon's photoshoot got 203k likes on Instagram (Instagram/@graciebon)

    Bon’s photoshoot got 203k likes on Instagram (Instagram/@graciebon)

    Responding to the backlash, Bon said: “There are people who get more outraged by a photo than by seeing families lose everything.

    “Sometimes the problem is not what we do, but the eyes with which you decide to see it.”

    She continued: “My intention was to help with resources and find two families that I could help rebuild their homes.

    “I asked my team to document everything. I do appear in the photo, I am not posing. I simply decided to post a photo of myself in it because I know it will give my followers a better reach and attention.

    “Panama needs us united; it’s not time for division or criticizing each other. The affected areas need our help.”

    Bon has responded to the backlash (Instagram/@graciebon)

    Bon has responded to the backlash (Instagram/@graciebon)

    It comes after Olga Isaza, a UNICEF Representative in Panama, said that the thousands affected are in need of humanitarian assistance.

    “Three days after the earthquake, children and families continue to experience fear and distress as aftershocks persist, with thousands of children in the hardest-hit communities facing disruptions to essential services, including safe water and education,” said Isaza, as nearly 900 homes have been damaged.

    “UNICEF is working closely with the Government of Panama and partners to support affected children and families in the weeks ahead.”

    The agency added that ‘according to preliminary government reports, 656 educational facilities have sustained damage nationwide, and classes were suspended on 12 October while structural safety inspections continue. Authorities have also reported damage to at least 25 health facilities’.

    “Along with the Ministry of Health, UNICEF has deployed 72 m² tents to support the continuity of health services at facilities affected by the earthquake,” UNICEF said.

    “UNICEF has made 16 tents available to health authorities and continues to assess additional needs to help maintain essential services for children and adolescents.”

  • Solana Sets a Date for Its Next Major Upgrade

    Solana Sets a Date for Its Next Major Upgrade

    In brief

    • Alpenglow activates on Solana mainnet in epoch 1064, which starts on Wednesday, October 21, at approximately 15:00 UTC, according to the Solana Foundation.
    • The upgrade replaces TowerBFT and targets transaction finality of roughly 150 milliseconds, down from about 12.8 seconds today.
    • Vote transactions will leave blocks, so Solana’s headline transaction counts and TPS figures will drop sharply without any drop in real activity.

    Solana has locked in October 21 for Alpenglow, a full replacement of the system its validators use to reach consensus. The switch is tied to epoch 1064, which the Solana Foundation expects to begin around 15:00 UTC that Wednesday.

    Alpenglow retires TowerBFT, the current system the network uses, and aims to make transactions final in roughly 150 milliseconds. Finality is the moment a transaction becomes irreversible, and under TowerBFT that currently takes about 12.8 seconds.

    Myriad: Where does Solana go next? Click to make your prediction.
    Myriad: Where does Solana go next? Click to make your prediction.

    On Solana today, a payment is confirmed pretty quickly, but that’s not a guarantee. Until TowerBFT runs out its 13 second clock, the block could in theory still be dropped.

    That small doubt is why anyone handling real money tends to wait out the full window. With finality at around 150ms, the irreversible answer arrives almost as fast as the optimistic one, which is what a checkout counter taking SOL or a DeFI application, or a trading desk settling a position actually needs.

    TowerBFT works by having validators post their votes as on-chain transactions, and a block only counts as final once 32 slots’ worth of those votes pile up. Votor, the voting protocol shipping with Alpenglow, takes votes off the chain, so validators message each other directly, package the votes into certificates, and can lock in a block after a single round of voting, or two at most.

    When 80% or more of stake backs a block in the first round, it finalizes on the spot. If support lands between 60% and 80%, a second round with 60% thresholds decides whether the block is finalized or skipped, and the Foundation says the design tolerates 20% malicious stake plus another 20% offline.

    Ordinary users don’t need to do anything, and wallets and apps should behave as they do now. The Solana Virtual Machine, transaction formats, programs, and fees are left alone, while for developers the “confirmed” and “finalized” commitment levels become one and the same.

    Each vote account also needs 0.8 SOL on top of its rent-exempt balance to pay the new Validator Admission Ticket, a per-epoch fee of the same size that gets burned. It replaces the roughly 1 SOL per epoch validators spent on vote transaction fees under TowerBFT, and a validator that can’t cover it sits out voting and block production for the following epoch.

    The feature gate turns on as epoch 1064 begins, yet TowerBFT stays in charge for another 5,000 slots, roughly 18 minutes, before Alpenglow takes control at slot 459,653,000. This assures stability and prevents any issues during transition.

    Validators approved Alpenglow in September 2025, when the SIMD-0326 proposal passed with 98.27% of votes cast in favor. In May, Anza Lead Economist Max Resnick told Decrypt the team was looking at a late Q3 or early Q4 mainnet activation, so everything is going according to schedule.

    October 21 delivers only Votor, the first half of Alpenglow. Rotor, a replacement for Turbine, the system Solana uses to broadcast block data between validators, comes later and still has no date.

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  • MK2 Films Scores Brady Corbet, Kleber Mendonça Filho, Céline Sciamma Shorts (EXCLUSIVE)

    MK2 Films Scores Brady Corbet, Kleber Mendonça Filho, Céline Sciamma Shorts (EXCLUSIVE)

    LYON, France — Short films by Brady Corbet, Kleber Mendonça Filho and Céline Sciamma are joining the international sales catalogue of Paris-based MK2 Films, which is expanding its collection of lesser-seen works by established filmmakers.

    The acquisitions, unveiled during Lyon’s Lumière Film Festival, headed by Cannes director Thierry Frémaux, and its International Classic Film Market (MIFC), span nearly two decades, from Corbet’s 2008 “Protect You + Me” to two recent works: Sciamma’s “Tutti Frutti” and Mendonça Filho’s “South of Tehran.”

    The acquisitions are part of a broader push by MK2 Films to develop its short-film catalogue alongside its established feature film business.

    “These short films create a dialogue with the feature films of iconic filmmakers represented in the MK2 Films collection, offering a different perspective on their creative vision and cinematic language,” said Frédérique Rouault, head of collections at MK2 Films. “They also open up new programming opportunities for festivals and cinemas, allowing audiences to discover rarely seen works by some of today’s most influential directors.”

    The new acquisitions join Jia Zhangke’s “Torino Shadow,” which screened at the 2026 Cannes Film Festival and in the New York Film Festival’s Spotlight Shorts program. The catalogue also includes early works by two-time Palme d’Or winners Jean-Pierre and Luc Dardenne, notably “Le Chant du Rossignol,” acquired through MK2 Films’ recently announced deal with their production company Les Films du Fleuve.

    Sciamma’s 44-minute “Tutti Frutti” draws on personal footage she had shot since 2022, exploring filmmaking as a solitary practice. Commissioned by the Centre Pompidou and produced by Lilies Films, it premiered in Paris in June during a retrospective devoted to the director of “Portrait of a Lady on Fire” and won the Jury Prize at the 2026 Villa Medici Film Festival.

    MK2’s catalogue already includes Sciamma’s 2023 short “This Is How a Child Becomes a Poet,” a tribute to Italian poet Patrizia Cavalli that premiered at Venice Days. The company also represents her complete feature filmography, including “Petite Maman” and new 2026 cuts of “Tomboy” and “Girlhood.”

    South of Tehran

    Courtesy of MK2 Films

    Mendonça Filho’s nine-minute “South of Tehran” features Iranian filmmaker Jafar Panahi recalling his earliest encounters with cinema. Produced by Emilie Lesclaux and Film at Lincoln Center, it was shot during the 2025 New York Film Festival, where the two directors were presenting their latest features, and grew out of conversations between them. It premiered at the New York fest earlier this year as the inaugural project of NYFF Encounters, an annual initiative commissioning filmmakers to shoot shorts during the festival.

    MK2 already handled international sales on Panahi’s “It Was Just an Accident,” winner of the 2025 Cannes Palme d’Or, and Mendonça Filho’s “The Secret Agent,” which earned the Brazilian director Best Director and Wagner Moura Best Actor the same year in Cannes.

    Protect You + Me

    Courtesy of MK2 Films

    The third acquisition looks further back in its director’s career. Shot by cinematographer Darius Khondji, Corbet’s “Protect You + Me” offers audiences an opportunity to discover the director’s early work, long before his mainstream breakthrough with “The Brutalist,” the acclaimed historical drama that won three Oscars, including Best Actor for Adrien Brody, and earned Corbet the Silver Lion for Best Director at Venice in 2024.

    Back in 2009, the short received an Honorable Mention at the Sundance Film Festival.

    The acquisition strengthens MK2 Films’ ties with Corbet, who appeared as an actor in Michael Haneke’s “Funny Games,” recently added to the company’s catalogue, and Gregg Araki’s “Mysterious Skin,” which MK2 is preparing to re-release theatrically in a new 4K restoration.

    The Lumière Film Festival runs in Lyon through Oct. 18 with the MIFC wrapping on Oct. 16.

  • ‘Spider-Man: Brand New Day’ VFX Boss Jerome Chen on Hulk’s Redesign, Finishing 445 Shots in a Week

    ‘Spider-Man: Brand New Day’ VFX Boss Jerome Chen on Hulk’s Redesign, Finishing 445 Shots in a Week

    Marvel and Sony’s “Spider-Man: Brand New Day” involved nearly 2,000 VFX shots and just 24 weeks of post-production, with 445 shots delivered in a single week, overall VFX supervisor Jerome Chen revealed at View Conference in Turin on Wednesday.

    “In one week, we did about 445 shots,” Chen said, comparing the feat with his first film as a supervisor in 1999, which contained 450 shots in total and took two years to complete.

    About three-quarters of “Brand New Day’s” VFX work was delivered during the final six weeks, he added, making an already demanding schedule even more intense.

    Next, Chen recalled that preparations began with a scouting trip to New York in December 2024, before he had received a finished script. Director Destin Daniel Cretton wanted a more grounded, street-level Spider-Man, with the city itself integral to the story. But most filming would take place in the U.K., where Pinewood Studios, London and Glasgow doubled for New York. Production designer Charles Wood’s concept art helped establish a relatively restrained palette, punctuated by saturated colors at key emotional moments.

    The team preserved usable street-level photography and digitally replaced or extended much of what lay above it. “We just found basically a recipe of a half dozen or so things that tell you that it’s New York,” Chen said. Those included hanging traffic signals, scaffolding, water towers and the correct power lines. Even the yellow markings along British curbs had to disappear.

    Small pieces of script could produce enormous technical assignments. An introduction involving Spider-Man and a tank expanded from a handful of words into 11 shots and roughly 52 seconds of footage. Physical tabletop models helped the crew determine how a vehicle should crash through a building when there was no time for elaborate previws. In another sequence, a compact camera rig mounted on a helmet captured Tom Holland’s performance from near his face, with a blurry red shape added in compositing to suggest the inside of his mask. “Sometimes the easiest tricks are the most effective,” Chen said.

    The movie also gave Chen his first opportunity to work on Mark Ruffalo’s Hulk. Because the character appears in a more savage, telepathically controlled state, the team explored a different physique from earlier Marvel outings, adjusting his proportions, muscular definition, hair color and the relative size of his hands and feet. Chen consulted Marvel Studios president Kevin Feige about how Hulk’s appearance had evolved across the franchise.

    “I realized that nobody had ever looked closely at Hulk’s toenails before,” Chen joked. “That was something that we had to do.” Earlier versions looked unnaturally green, while the team also considered how the character’s skin would react to different lighting. They lengthened his arms, reduced his body fat and gave him grayer hair. A subtle shift in eye color, from green to brown, signals a moment when Hulk regains his humanity. Full-scale, 10-foot Hulk standins helped actors and camera crews judge his dimensions on set, and even his pants required careful attention.

    A climactic energy wave involving Jean Grey proved harder to solve creatively. Chen initially resisted the rainbow-like chromatic aberration familiar from other screen depictions of superpowers. But with five weeks remaining, he reversed course, deciding the established visual vocabulary served the film better than something overly electronic. “I thought it was the weakest part of the film,” he admitted. “I wish we had come up with something better.”

    Time, he argued, often determines the quality of VFX more than the artists’ abilities. “If you go to a movie and you see that there’s a visual effects shot that doesn’t look that good, it’s not because there are bad artists on it,” he said. “You can tell they just ran out of time.” Chen advised supervisors facing decision fatigue to review shots within their sequences rather than obsess over individual frames.

    Finishing so rapidly could also have consequences for the industry: “We may have done ourselves a disfavor by actually finishing this movie in 24 weeks because once again we’ve proven that it can be done on time.”

    The final challenge was unexpectedly modest. With the vendors already finished, a last-minute review revealed a sweat stain under Spider-Man’s arm. “You can’t have superheroes sweating into their suit,” Chen recalled. A small team at Marvel’s Burbank offices removed it in about 47 minutes, delivered the corrected shot and sent Chen home from a nearly empty parking garage beneath the studio.

  • Christy Carlson Romano Says Her Salary Was Half of Shia LaBeouf’s on ‘Even Stevens’: ‘We Were Co-Leads and Had the Same Screen Time’

    Christy Carlson Romano Says Her Salary Was Half of Shia LaBeouf’s on ‘Even Stevens’: ‘We Were Co-Leads and Had the Same Screen Time’

    Christy Carlson Romano is claiming she was paid half of Shia LaBeouf‘s salary on the Disney Channel series “Even Stevens,” despite the two being “co-leads” with “the same screen time.”

    Romano opens up about her time on the show, which ran from 2000 to 2003 and followed the antics between a brother and sister with clashing personalities, in her new memoir “Once Upon a Trainwreck: The Fall and Rise of a Child Star.” In an Instagram post about the book, which is out now, Romano revealed the alleged pay disparity.

    “I was a kid and the female lead on ‘Even Stevens.’ I was paid half of what Shia was paid; we were co-leads and had the same screen time,” Romano said, adding that while penning her memoir, she found a handwritten letter her mother wrote her agent in 2000 “asking for equal pay and admitting we were deep in debt.”

    A photo of the letter is included in the post. It reads: “Shia receives $12,000 per episode and Christy $6,000. With 30% going into trust, we can’t make it here financially. This show also holds her up from other work that pays more. Christy wants what Shia is getting.”

    In her post, Romano continued: “By then, my paycheck was keeping us afloat. My mom was fighting for me, and she was also fighting for a household that depended on a teenage girl. It took me years to understand I could love her for advocating for me and still wish I had gotten to just be a kid.”

    She added that “Shia earned every dollar, and this book is not about him or any other famous name you might recognize.” Rather, she said her memoir is about “a girl who grew up too fast, and a business that decided she was worth half.”

    Representatives for Disney and LaBeouf did not immediately respond to Variety‘s request for comment.

    Romano has previously spoken about her relationship with LaBeouf while filming the show, saying they were “like oil and water” on the “Not Skinny but Not Fat” podcast last month.

    “I was being raised and brought up to be this type A, I mean exactly like Ren Stevens. Like, you know your lines, you hit your marks, you don’t mess up,” she said. “You’re a New York kid, like that comes with a certain echelon… I was trying to go to pre-college Juilliard… everything we were doing, my mom called it cross-training, came with a certain dollar amount of training.”

    In contrast, LaBeouf had a tumultuous childhood and has spoken about living with his recovering addict father, which was the inspiration for his 2019 film “Honey Boy.”

    “He was a Venice Beach kind of bum kid,” Romano said. “It’s like that kind of vagrant fun, but also very chaotic and very scary lifestyle, and he was very young to be having that.”

  • Why XRP May Have Concluded the Worst of the Bear Cycle

    Why XRP May Have Concluded the Worst of the Bear Cycle

    A month later, the cryptocurrency also fell below its 1-month 100-period moving average (1M MA100). $XRP eventually reached $0.29 in June 2022, marking the bottom of that bear cycle.

    A similar pattern has developed in 2026. Specifically, $XRP fell below the 1M MA50 in June, when the indicator stood at $1.1986, before declining further to $0.9874 in August.

    However, the current cycle is different from 2022 because $XRP has not fallen below the 1M MA100, which now stands at $0.84. Instead, the cryptocurrency has recovered above the 1M MA50.

    $XRP could still fall toward $0.84 or revisit the 0.618 Fibonacci level before reaching a final bottom. However, the similarities with 2022 suggest that much of the current decline may already be over.

    Whether $XRP has established a lasting bottom will depend on how the price responds to these support levels in the coming months.

    $XRP Still Needs to Break Above the Weekly MA50

    $XRP’s recent monthly performance shows that the recovery has not yet gained enough strength to confirm a new bull market.

    In August 2026, the cryptocurrency rose 30%, recording its strongest monthly gain since July 2025. Despite this rally, $XRP closed August at $1.38, below the weekly 50-period moving average (1W MA50) at $1.67.

    The price improved further in September, gaining 7.9% during the month. However, $XRP closed September at $1.4894, still below the 1W MA50 at $1.55. The cryptocurrency currently trades at $1.3034, while the 1W MA50 stands at $1.4922.

    These repeated failures to break above the indicator show that $XRP still faces resistance as it attempts to recover. However, the pattern could also reflect the slow process of forming a market bottom, not the start of another major decline.

    $XRP price action suggests the asset may have already concluded the worst of the bear cycle

    A sustained close above the 1W MA50 would provide an important sign that buyers are gaining control, and the recovery is becoming stronger.

    $XRP Monthly RSI

    The monthly Relative Strength Index also shows the possibility that $XRP is approaching the end of its bear cycle. The 1M RSI currently stands at 49.24, slightly below its moving average at 51.07.

    Previous market cycles suggest that readings around this area can appear near important long-term buying opportunities for $XRP. Historically, the RSI’s interaction with its Lower Lows trend-line has helped identify some of $XRP’s strongest recoveries.

    However, during the 2022 bear market, the indicator did not reach the trend line directly. Instead, it moved sideways, following a pattern that had also appeared in 2020. Despite not touching the line, the RSI still provided a valid entry signal near the market bottom.

    The monthly RSI has historically remained below its moving average while $XRP traded beneath the 1W MA50. A break above both indicators would present stronger technical evidence that a new bull cycle has begun.

    This confirmation could still be three to four months away, but the current readings suggest that both indicators may gradually move toward a more favorable position.

    $XRP Could First Target $6

    Meanwhile, two major support areas form the foundation of the longer-term outlook for $XRP. First, the six-year Buy Zone, which ranges from $0.4180 to $0.6014, has preceded every major $XRP bull rally. This zone provided support before the strong price increases of 2020/2021 and 2024.

    The 13-year Buy Zone also presents potential support. It follows the 0.786-to-1.0 Fibonacci range within the Fibonacci Channel.

    $XRP could revisit $1.000 before beginning to form higher lows. If this happens, the price would move closer to this longer-term support structure, potentially creating a base for another major rally.

    Once the next bull cycle gains strength, the initial price target stands at $6.000, slightly below the -0.236 Fibonacci extension. This extension also marked the ceiling associated with $XRP’s July 2025 high.

    However, to reach this target, $XRP must first break above the Higher Highs trendline, which currently limits sustained price gains.

    The next bull cycle could last for an extended period, with shorter bursts of sharp price increases along the way. This would resemble the price action that followed the 2022 bottom.

  • Gamdom reports $3M loss as on-chain estimate reaches $4.2M

    Gamdom reports $3M loss as on-chain estimate reaches $4.2M

    We have fully ran all checks & are now preparing to bring Gamdom back up – this process will take a couple of hours

    Long story short, we noticed a breach attacking our hot wallet system & we took measures to stop the drain, in total we lost just over $3m to the breach and… https://t.co/FVfcVRpanu

    — Felix (@Romer) October 14, 2026

    $3 million disclosed, $4.2 million on-chain

    That figure is lower than the $4.208 million estimated by vxdb. According to the on-chain investigator, approximately $2.2 million was stolen across Ethereum, BSC, Polygon, Arbitrum and Optimism. The remaining losses included $668,000 in Bitcoin, $965,000 in Solana and $375,000 in TRON.

    Gamdom Hack: On-Chain Losses Hit $4.2M, Exceeding Platform’s $3M Estimate

    There is still no explanation for the discrepancy between the two figures. Arkham Intelligence monitors the wallets that are believed to belong to the attackers, but we were not able to obtain confirmation of individual transactions for this story. So far, as Gamdom has yet to come out with an official post-mortem, we cannot assess whether the discrepancy is due to discrepancy in asset valuations, number of transactions, or amount of recovered money.

    Echoes of the Duelbits hot-wallet hit

    Gamdom’s breach follows a similar attack on crypto gambling platform Duelbits in September 2026. As Cryptopolitan reported, the suspected private-key compromise resulted in estimated losses of $5.9 million to $7 million. CertiK placed the figure at approximately $6 million.
    The two incidents illustrate a shared vulnerability among crypto gambling sites. Hot wallets enable operators to quickly carry out withdrawals, but the same connectivity that provides ease of access to users also allows hackers to target these systems. Once they gain access to the credentials or systems that manage the wallets, hackers will be able to steal money without violating the blockchain secure platform.

    Where this sits in a record year for hacks

    The number of crypto hacks was at an all-time high in the first half of 2026, but the value looted was less than previous values. TRM Labs documented 207 incidents worth $972 million in losses in contrast to $2.3 billion in lost assets in 2025.

    From the findings, it is also seen that the greatest amount of money lost comes from attacks on operational systems rather than blockchain vulnerabilities.

    “Infrastructure and operational compromises accounted for approximately 76% of all funds stolen”

    — TRM Labs, H1 2026 analysis

    These compromises represented just 15% of incidents. Meanwhile, CertiK’s data shows third-quarter losses rising 56.2% to $1.28 billion, including $773.4 million in September.

    Until now, there has not been anything that proves that Gamdom’s breach has impacted the wider crypto market. According to Coinbase Research, there were some positive metrics for trading in September 2026 along with $2.6 billion in inflows into US Bitcoin ETFs. It is important to note that these numbers were published long before the attack and do not reflect the market’s response.

    The platform’s main challenge, however, is to restore clients’ confidence. Apart from compensating for the losses, Gamdom needs to show customers that it worked on improving the security of their wallets in order to prevent similar breaches in the future.