XRP just witnessed a massive supply event today with 1 billion tokens being unlocked from Ripple’s escrow. However, analyst CrediBULL Crypto remains confident that XRP price will experience one of the best rallies of the current cycle. Even though the analyst is advising that the token might return to $1.25, it could go as high

The post XRP Price Eyes Parabolic Rally To $30 Despite Ripple’s 1 Billion XRP Unlock Today, Says Analyst appeared first on CoinGape.

TRUMP memecoin’s organizers have launched another holder-access contest. The top 185 wallets on a time-weighted leaderboard will secure seats at a November 22, 2026 gala dinner at Trump National in Washington, D.C. President Donald J. Trump is the listed featured speaker. Scoring opened September 30, locking on a November 12 snapshot. Ad Ad Third Access

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Evernorth has overcome a major obstacle in its proposed merger with Armada Acquisition Corp. II with the approval of the merger at its extraordinary general meeting on September 30. The result moves the proposal of Evernorth’s XRP treasury forward to be a repository for approximately 473 million XRP once it’s completed. Ad Ad XRP Treasury

The post Breaking: Evernorth Bags 94% Votes In Favor For 473M XRP Treasury Merger Deal appeared first on CoinGape.

In major XRP news today, the XRP Ledger has reached a new milestone in AI agentic payments settled through the x402 protocol. The milestone came less than three months after the XRPL first cleared 1 million. Ad Ad XRP Ledger Crosses 10 Million in x402 AI Payments Ripple-backed AI agentic payments trust layer platform t54

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• DogeOS has opened its public testnet, bringing EVM-compatible smart contracts to the Dogecoin ecosystem.
• DOGE will power transaction fees, while developers can build DeFi, trading, stablecoin, and gaming applications on DogeOS.

DogeOS has opened its public Chikyū testnet, bringing an EVM-compatible smart contract layer to the Dogecoin ecosystem through a zero-knowledge rollup.

The testnet went live on September 30, giving developers a place to build and test applications on top of Dogecoin without changing the network’s underlying Layer 1. DOGE is used as the native token for transaction fees on DogeOS.

The launch gives Dogecoin developers access to Ethereum-compatible smart contract infrastructure. Developers can use familiar tools including Hardhat, Foundry and Remix, while the Chikyū testnet currently operates with chain ID 6281971.

DogeOS Brings DeFi and Other Applications to Dogecoin 

DogeOS is designed to support applications that are not available directly on Dogecoin’s base layer, including decentralized exchanges, lending platforms, perpetual trading, stablecoins, prediction markets and games. Several projects are already building on the testnet, including Barkswap, Superposition Finance, Derps, Split Markets and USDoge.

The network targets about 300 transactions per second, compared with roughly 30 transactions per second on Dogecoin’s Layer 1. DogeOS also uses a separate application layer so that smart contract activity can run without requiring changes to Dogecoin’s core network.

The zero-knowledge rollup is designed to settle its state to Dogecoin. However, Dogecoin does not currently verify DogeOS’s zero-knowledge proofs directly. The testnet instead uses a trusted execution environment, validators and a permissioned sequencer, with bridge state transitions requiring valid proofs along with validator and TEE signatures.

DogeOS has previously proposed a Dogecoin Core upgrade that would allow the base network to verify ZK proofs directly, but that upgrade has not yet been implemented.

For DOGE, the immediate change is therefore on the application side rather than the base blockchain. The cryptocurrency can be used to pay fees for smart contract activity, while developers get an EVM-compatible environment for building applications around Dogecoin.

DogeOS has not announced a mainnet launch date. The current public testnet is being used to allow developers to build and test applications before the project moves toward mainnet.

DOGE was trading around $0.0976 on October 1, up about 2.5% over the previous 24 hours, according to CoinMarketCap data at the time of writing.

• Standard Chartered predicts Ethena’s ENA to reach $2 by the end of 2028, with targets of $0.42 for 2026 and $1.10 for 2027.
• ENA is trading above $0.25 after a strong September rally.
• Around 1.4B ENA tokens will unlock on October 5, adding selling pressure.

The leading global bank, Standard Chartered has made a first research coverage of Ethena’s ENA token and set a $2 price target for the end of 2028, putting the bank’s forecast at roughly seven times ENA’s current market price. The report, published on September 30, focuses on Ethena’s position across yield-bearing stablecoins, perpetual futures and tokenized real-world assets. The bank also forecasts ENA to reach $0.42 by the end of 2026 and $1.10 by the end of 2027.

The bank’s case is built largely around USDe, Ethena’s synthetic dollar stablecoin. Standard Chartered expects USDe supply to reach about $40 billion worth by the end of 2028. Right now Ethena issued USDe value stands at $4.98B, meaning the bank’s projection is about 8x higher. 

This comes as the bank expects real-world assets deployed on blockchains to expand from around $40 billion currently to $2 trillion over the same period, creating a larger market for Ethena’s tokenized-asset and yield strategies.

Ethena initially generated USDe’s yield mainly through the crypto basis trade, holding spot assets while shorting perpetual futures to hedge price exposure. The protocol has since expanded into institutional credit, tokenized U.S. equities and equity perpetual futures. 

As well as, its latest equity strategy uses Binance bStocks as tokenized spot exposure and stock perpetuals as the hedge. Since then, open interest in Binance’s equity perpetuals had surpassed $2.9 billion, while the reported six-month annualized basis return averaged 3.56%.

The ENA token’s economics are another part of Standard Chartered’s valuation argument. Ethena’s approved revenue-allocation framework links future ENA buybacks to USDe supply milestones. The first threshold is $7.5 billion in USDe supply. At that level, 5% of eligible net revenue is allocated to buybacks, rising to 10% at $10 billion, 15% at $15 billion and 20% at $20 billion.

ENA Regains Key Support as 1.4B Token Unlock Approaches

ENA is trading at around $0.2586 at the time of writing, according to CoinMarketCap. The daily chart indicates that ENA has pulled back after a sharp September advance, nearly to $0.3. Binance historical data shows ENA closed to $0.2566 on Sep, 28 and $0.2484 on Sep. 29. The Sep. 30 session has so far traded between $0.2441 and $0.2633.

Technical readings also hint that the short-term trend has slightly weakened. In the 4-hours EN/USDT snapshot, ENA is trading around $0.2586, a modest recovery after finding support near the $0.24-0.250 area. 

Zooming in, the recent candles indicate that buyers have returned, with ENA moving back above its 9-day MA at $0.2514. Still, the token is trading just below the 21-day MA at $0.2603, making that level an important near-term resistance.

That puts RSI at 54.55, moving back above the neutral 50 level. This suggests that buying momentum has improved, but the indicator is still well below the 70 overbought zone, leaving room for further movement if buyers remain active.

So, a sustained move above $0.2603 would strengthen the short-term setup and bring the next resistance around $0.2675 into focus. A break above that level could open the way toward the $0.275-$0.280 region, while the recent September high near $0.3 remains a larger resistance area.

But there is also a major supply event ahead. Around 1.4 billion ENA is expected to be released on October 5, bringing a large amount of previously locked tokens into circulation.

Due to that, if ENA price faces rejection, $0.2514 is the first support to watch, as it currently aligns with the 9-day MA. If ENA falls below that level, attention would shift toward the $0.245-$0.250 zone, where the latest rebound began. A clear break below that area would weaken the current recovery structure.