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Crypto

Cardano falls below $0.24 as whale selling flashes warning of further decline

Cardano (ADA) has fallen below the $0.24 level, raising the risk of further losses. Analyst Ali Martinez (알리 마르티네즈) said whale selling and slowing network activity point to a move into a correction phase. ADA was at $0.2386, slightly under the key level, and could fall about 12 percent toward $0.21 if channel support breaks. Large holders sold more than 110 million ADA in five days, while daily active addresses fell 41.36 percent.

Crypto

Robinhood Chain transactions fall 42 percent in a month

Transactions on Robinhood\'s blockchain, Robinhood Chain, fell by more than 40 percent over a month, a report said. Average daily transactions slipped to 6.2 million in Oct. 2-8 from 10.8 million in Sept. 10-16, down 42 percent, and were 20 percent lower than the prior week. Average daily active addresses fell 31 percent to about 322,000. Deposits rose about 2 percent to $1.04 billion, and stablecoin supply increased slightly to about $1.1 billion.

Crypto

Litecoin marks 15 years of uninterrupted operations as ETF conversion accelerates

Litecoin has operated without interruption for 15 years since its genesis block, drawing renewed attention to its network durability and prospects for broader institutional products. On-chain data showed about 156,000 daily transactions as of Oct. 7, while MWEB pool size topped 563,000 LTC. Grayscale runs the Grayscale Litecoin Trust (LTCN) and filed an amended application in September to convert it into a spot ETF listed on NYSE Arca. SEC approval remains undecided.