Coinbase ADA Reserves Surge 465% as Cardano Eyes Key $0.96-$1.02 Breakout Zone

Cardano (ADA) is demonstrating significant institutional accumulation on Coinbase while consolidating above crucial support levels, setting the stage for a potential major price movement. Recent on-chain data reveals an extraordinary 465% increase in ADA reserves on the Coinbase exchange, skyrocketing from 1.7 million to 9.6 million tokens within recent weeks. This substantial accumulation pattern strongly indicates growing institutional confidence and strategic positioning by major investors. Currently trading above the critical $0.80 support level, Cardano is experiencing reduced market volatility as it builds momentum for its next significant move. Technical analysis identifies the $0.96 to $1.02 price range as the primary resistance barrier that ADA must overcome to initiate a sustained upward trajectory. Market analysts suggest that a decisive breakout above this resistance zone could trigger substantial buying pressure, potentially propelling ADA toward the $1.30 price level and beyond. The massive accumulation on Coinbase, one of the world's leading cryptocurrency exchanges, serves as a powerful bullish indicator for Cardano's medium to long-term prospects. This institutional interest coincides with Cardano's ongoing development milestones and ecosystem growth, creating a favorable fundamental backdrop for price appreciation. As of October 9, 2025, market participants are closely monitoring whether ADA can successfully breach the identified resistance levels, which would confirm the bullish thesis and potentially unlock the path toward higher price targets, including the mentioned $1.90 level. The combination of strong technical positioning and robust institutional accumulation suggests Cardano may be preparing for a significant market move in the coming weeks.

Cardano Price Must Clear $0.96-$1.02 Resistance for Potential Rally to $1.90

Cardano (ADA) is consolidating above the critical $0.80 support level as market volatility subsides. On-chain data reveals a striking development: Coinbase ADA reserves have surged from 1.7 million to 9.6 million tokens in recent weeks, signaling growing institutional interest.

Technical analysts identify the $0.96-$1.02 zone as the key resistance barrier. A decisive breakout could propel ADA toward the $1.30-$1.90 range, with $2.00 becoming achievable on strong momentum. Market observers note the reserve accumulation coincides with ADA forming higher lows, a classically bullish structure.

The $0.80 level has become a battleground where traders are actively defending positions. Such price compression often precedes explosive moves, as liquidity concentrates around repeatedly tested levels.

BNY Mellon Trials Blockchain Deposits to Overhaul $2.5T Payments Processing

Bank of New York Mellon, the world's largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits to modernize its global payment infrastructure. The exploratory effort aims to enable clients to make payments using blockchain-based tokenized deposits, potentially allowing near-instant settlement and reduced transaction costs.

Carl Slabicki of BNY Mellon highlighted the technology's potential to help banks overcome legacy constraints and MOVE money faster within their networks. The bank currently processes $2.5 trillion in daily payments.

BNY Mellon joins a growing list of financial institutions experimenting with tokenization. JPMorgan recently trialed its JPM Coin on Coinbase's Base blockchain, while European banks are developing MiCA-compliant stablecoins. Earlier this summer, BNY Mellon partnered with Goldman Sachs to launch tokenized money market funds.

4 Best Cheap Cryptos to Buy Before They Get Listed on Coinbase

The crypto market's relentless momentum continues to reward early investors who identify promising projects before major exchange listings. Coinbase's 'listing effect'—where tokens often surge post-listing—has turned presale hunting into a strategic pursuit. Four under-the-radar assets are now drawing attention for their 2025 potential: BlockDAG, Bitcoin Hyper, and Tapzi.

Digitap ($TAP) emerges as a standout, positioning itself as the first 'omni-bank' bridging crypto and traditional finance. Its Visa-backed debit card solution addresses a critical pain point in decentralized finance—real-world spendability—outpacing existing DeFi offerings. The project's emphasis on seamless fiat-crypto interoperability could redefine payment infrastructure.

KBW Initiates Coverage on Gemini with Market Perform Rating Amid Crypto Expansion

Investment bank Keefe, Bruyette & Woods (KBW) has launched coverage of newly public cryptocurrency exchange Gemini Space Station (GEMI) with a 'market perform' rating and a $27 price target. Analyst Bill Papanastasiou noted Gemini's well-rounded ecosystem—spanning trading, custody, credit cards, and staking—positions it for long-term growth, though near-term profitability remains elusive.

The report highlights Gemini's credit card business as a standout, with over 100,000 users and strong conversion rates driven by crypto rewards. A recent Nasdaq partnership could deliver $47.7 million in near-term revenue through custody services, with additional upside from tokenization trends. KBW emphasized the resolution of Gemini's Earn program issues as a catalyst for renewed marketing efforts.

Despite trading at a discount to rival Coinbase—a reflection of execution risks—Gemini's unified app and founder-led insider ownership were cited as stabilizing factors. The exchange debuted last month at $28 per share, valuing the company at $3 billion.

S&P Dow Jones Launches New S&P Digital Markets 50 Index: A Game-Changer for Crypto Integration?

The boundary between traditional finance (TradFi) and decentralized finance (DeFi) has become even blurrier. On October 7, 2025, S&P Dow Jones Indices announced the launch of the S&P Digital Markets 50 Index, a groundbreaking benchmark designed to track both major cryptocurrencies and crypto-related stocks.

The index offers investors a diversified gateway into the digital asset ecosystem, eliminating the need to manage wallets or exchanges. It combines 15 leading digital assets, including Bitcoin (BTC), ethereum (ETH), Cardano (ADA), Polkadot (DOT), and Solana (SOL), with 35 publicly traded companies like Coinbase and Nvidia.

Market capitalization-weighted and rebalanced quarterly, the index ensures no single asset dominates its performance. This move signals a significant step in institutional crypto adoption as Q4 2025 unfolds.

Canary Capital Advances Spot Litecoin and HBAR ETF Filings Amid SEC Delays

Canary Capital has submitted amended S-1 forms for its proposed spot Litecoin (LTC) and Hedera (HBAR) exchange-traded funds, finalizing tickers and fees. The LTCC and HBR funds will charge a 0.95% sponsor fee—higher than typical Bitcoin ETF rates but standard for niche crypto products.

Bloomberg analysts describe the filings as "the last step before go-time," signaling potential approval despite the SEC's operational slowdown during the U.S. government shutdown. Both ETFs will hold underlying tokens directly, with custody managed by regulated providers like BitGo and Coinbase.

The move comes after the SEC missed its original decision deadline for the Litecoin ETF. Market observers interpret the amendments as preparatory steps for imminent launch, reflecting growing institutional confidence in altcoin investment vehicles.