Helium (HNT) rises as team shifts to open-market buybacks; check price outlook

  • Helium announced it is exploring a Digital Asset Treasury to acquire HNT through market and over-the-counter purchases.
  • The price of HNT rose slightly amid the move, with news of daily HNT buybacks coming amid notable market alignment around DePIN projects.
  • Helium’s mechanism aims to reduce supply and could help overall price gains.

The Helium Network, the world’s largest decentralized physical infrastructure network (DePIN) for wireless connectivity, is experiencing renewed momentum.

The project’s native token, HNT, is up 3% as key strategic announcements from the core team buoy community sentiment.

The price action comes on the heels of Helium’s official disclosure over the weekend. 

Why is Helium price up today?

Key to HNT gains in the past 24 hours is an outline of strategic plans to shift from internal treasury burns to open-market buybacks and the potential launch of a Digital Asset Treasury (DAT). 

According to details, the aim is to boost HNT traction amid broader institutional appeal. The plan includes buybacks via dollar-cost averaging (DCA) post-burn, and if successful, it could lead to buybacks that match burn volumes and offer potentially consistent upward pressure. 

Previously, Helium executed burns from the team’s reserves; now, open-market buys will preserve treasury liquidity while enhancing scarcity. Helium noted in a post on X:

“Starting soon, we will start buying an equivalent amount of HNT from the market, rather than using team treasury. We will execute this via a DCA triggered daily after the matching daily burn. We also intend to fully automate this since we have an automation process for daily burns. This will not impact our ability to continue ad hoc buying activity on CEXs, AMMs, through MMs, and direct OTC deals.”

With a growing number of Helium Mobile subscribers contributing to monthly revenues, this move could be a major boost for HNT.

Helium price forecast: Is $2.80 next target?

Helium’s HNT token fell to lows of $1.80 on October 17 and retested the mark amid overall crypto market weakness over the weekend.

On October 20, HNT climbed nearly 3% and reached a 24-hour high above $2.06. 

The gains, as noted, came amid a slight recovery for altcoins after last week’s downturn that mirrored losses for Bitcoin and other top coins.

HNT’s gains are likely to build on an anticipated uptick across risk assets, with this pushing bulls off lows.

Currently, Helium price hovers -13% and -24% over the past week and past month respectively. Yet the Helium team’s strategic shift points to a potential uptick.

Having retested the $2.00 mark, bulls may fancy the robust supply zone around $2.80.

The main hurdles between this mark lie around $2.20 and $2.60, with a potential cup and handle pattern confirming one signal of this move.

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Crypto traders locked out as AWS outage cripples Coinbase and Robinhood

  • Users were unable to access accounts or execute trades for more than two hours.
  • Other affected platforms included Snapchat, Reddit, Hulu, Xbox, and Fortnite.
  • Crypto traders expressed frustration as reliability concerns resurfaced.

A major internet disruption on Monday briefly brought parts of the digital economy to a halt, as an Amazon Web Services (AWS) outage crippled platforms including Coinbase and Robinhood.

The two-hour blackout disrupted trading activities, streaming services, and gaming networks, reminding users of the world’s heavy reliance on cloud-based infrastructure.

The outage, which began in the early hours of Monday, affected users across regions, leaving them locked out of their accounts or unable to complete transactions.

AWS failure stalls major crypto exchanges

Coinbase, one of the world’s largest cryptocurrency exchanges, was among the first to report problems.

Users attempting to log in or execute trades encountered error messages and account timeouts.

The exchange later confirmed that the issue stemmed from an ongoing AWS outage, clarifying that customer funds remained secure.

Coinbase’s social media post on X stated, “We’re aware many users are currently unable to access Coinbase due to an AWS outage. Our team is working on the issue and we’ll provide updates here. All funds are safe.”

The exchange restored full functionality after more than two hours, but traders expressed frustration online, with some claiming losses or hinting at legal action over interrupted trades.

Robinhood, another major platform, also confirmed technical problems linked to AWS.

“AWS (one of our third-party vendors) is experiencing an outage,” the platform said in a post on X, assuring customers that its teams were working on a fix.

For investors trading fast-moving digital assets, even short-term downtime can trigger missed opportunities and price discrepancies, fuelling debate about the industry’s dependence on centralised cloud providers.

Internet-wide disruption exposes cloud dependency

The AWS failure did not stop with crypto platforms.

A string of major online services, including Snapchat, Reddit, Hulu, Grammarly, Xbox Network, Fortnite, and Electronic Arts, also experienced slowdowns or temporary access issues.

The outage highlighted how deeply embedded Amazon’s infrastructure is in global online operations—from financial transactions to entertainment and gaming.

Cloud computing, while offering flexibility and scalability, concentrates risk when one major provider experiences disruption.

AWS remains the backbone for thousands of businesses, making the impact of such outages widespread and immediate.

Monday’s incident renewed questions about redundancy and contingency planning across industries that rely on third-party data hosting.

Repeated disruptions raise reliability concerns

The recurrence of outages underscores broader concerns within the crypto community about system reliability during volatile market conditions.

Retail investors depend on uninterrupted access to execute time-sensitive trades, and any downtime can erode confidence in trading platforms.

Industry observers note that as digital asset adoption expands, exchanges must invest further in resilient infrastructure and communication transparency.

AWS under scrutiny as reliance grows

Amazon Web Services has long been the world’s largest cloud provider, hosting vast portions of the internet’s most popular platforms.

Its occasional outages, however, reveal a single-point-of-failure problem that extends beyond crypto.

Each incident amplifies concerns over whether global businesses are too dependent on one company for core online operations.

AWS has not yet detailed the specific cause of Monday’s disruption but confirmed service restoration later in the day.

The event reignited discussion on cloud diversification, pushing firms to evaluate hybrid or multi-cloud strategies to mitigate future risks.

As the digital economy continues to expand, outages like this serve as a warning of the fragility underlying its seamless surface.

Even brief interruptions can ripple across finance, communication, and entertainment, showing how interconnected and centralised the internet has become.

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Bio Protocol price surges 56% amid major network moves

  • Bio Protocol’s native token (BIO) surged 56% to $0.1238 within 24 hours of its listing on Upbit, South Korea’s leading crypto exchange.
  • A network update has introduced advanced AI-driven BioAgents, multichain support and other developments critical to the Bio Protocol ecosystem.
  •  BIO’s market cap climbed to $196 million.

Bio Protocol’s native token has experienced a dramatic surge, rising 56% in the past 24 hours to reach $0.1238, with trading volume exceeding $164 million.

This rally comes after the token’s listing on South Korea’s premier cryptocurrency exchange, Upbit.

Bio Protocol price skyrockets amid Upbit listing

After a month-long decline, Bio Protocol (BIO) is showing signs of recovery.

Since October 1, the cryptocurrency had been in a steady downtrend, falling from $0.15 to a low of around $0.078.

The announcement of BIO’s listing on Upbit has acted as the immediate catalyst for the token’s explosive growth.

Upbit commands over 80% of South Korea’s crypto trading volume and has a storied history of propelling altcoins to new heights.

At the time of writing, BIO’s trading volume surged 820% in the last 24 hours to $311.55 million.

This listing builds on BIO’s exchange momentum, following debuts on Binance and Kraken. 

BIO’s price is currently trading at $0.11, having shattered resistance at $0.09, and its market capitalization now stands at nearly $196 million according to CoinMarketCap’s data.

Bio Protocol price chart by CoinMarketCap

However, traders warn of potential pullbacks if broader market corrections materialize, emphasizing the need for sustained adoption beyond hype.

BIO surges amid major network update

Adding to the momentum from the Upbit listing is the ongoing cheer of Bio Protocol’s recent news of a major network update.

The update and its momentum have further energized its community. 

The update introduces enhancements to Bio Protocol’s staking mechanisms.

There’s also the integration of BioAgents, or AI-driven research assistants, with these aimed at automating hypothesis generation and experiment tracking. 

“From AI co-scientists to biotech IP, over 8,000 participants joined the first wave of the new Bio Launchpad projects. These launches tokenized AI co-scientists and biotech IP, enabling communities to fund and own breakthroughs in stem-cell research, men’s health, and brain health. Each project bootstrapped onchain treasuries and liquidity, setting the foundation for incentive-aligned communities around real-world science.”

While aspects such as network slowdown affect immediate community outlook, Bio Protocol’s ability to bridge biotechnology innovation with decentralized governance is huge for BIO.

It redefines industry standards, offering investors a unique opportunity to participate in a transformative ecosystem. 

Stakeholders are advised to monitor upcoming milestones, including the launch of new BioXP rewards and cross-chain developments. 

The prevailing market conditions may count as potential hindrances to bullish advances.

But with listings and other initiatives in place, buyers may target highs of $0.43, above which there’s the all-time peak of $0.92 reached in January 2025.

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