Market Signal Briefing

XION, a consumer-centric layer-1 blockchain built for mass onboarding, has integrated with Fireblocks, a leading digital-asset custodian, to bring XION’s walletless experience to more than 2,400 financial institutions.

Summary

Fireblocks has added native support for XION.
Integration paves the way for over 2,400 institutions to adopt the consumer-centric blockchain.
Solana, Avalanche and Sui are among blockchain networks tapping into the digital asset custody solution.

Fireblocks has added support for XION, with native availability of the walletless, gasless layer-1 set to be accessible to thousands of institutions.

Why Fireblocks matters
The crypto ecosystem continues to attract huge attention from banks and other large global institutions. However, as XION noted in a blog post, “the bridge to adoption often seems risky for major players”.

A custody and settlement stack that enables easy integration is essential for this client base. With more than $10 trillion in digital-asset transactions secured via its rails, Fireblocks’ role in crypto adoption is pivotal.

This strategic integration paves the way for mass institutional adoption of XION, allowing institutions to tap the network directly through trusted custody and settlement rails.

More than technical integration
XION will benefit from the traction that corporate treasuries, funds, market makers, and exchanges bring to the network.

For large institutions, the integration enables evaluation of counterparty risk, settlement speed, and custody controls, without relying on bridging projects that often slow adoption.

“The integration is more than a technical expansion, as it accelerates what we call the Age of Proofs. In a world where signals are distorted, identities are spoofed, and deepfakes blur reality, institutions need verifiable actions they can trust. XION was built to make proofs automatic, invisible, and universally accessible,” XION stated in the release.

XION introduced its native utility token in August 2024, and became the first MiCA-compliant blockchain in March 2025. The Multicoin and Circle-backed platform now hits another milestone as it joins the likes of Solana, Sui and Avalanche on the list of layer 1 blockchain networks that integrate with Fireblocks.

TLDR

Table of Contents

TLDRETH Price Rally Pushes Sharplink’s Crypto Strategy ForwardCorporate Ether Reserves Exceed $26 Billion MarkSharplink Advances Tokenization and SEC-Registered Stock Integration

Sharplink Gaming has gained $970 million in unrealized profits from its Ether holdings.
The company currently holds 838,730 ETH valued at approximately $3.93 billion.
Sharplink started accumulating Ether in June 2025 and stopped adding in September.
The firm holds about 0.69 percent of the total circulating supply of Ether.
Sharplink remains debt-free and aims to continue generating value for its shareholders.

Sharplink Gaming has posted $970 million in unrealized gains following Ether’s sharp price increase over the past 24 hours. The company currently holds 838,730 ETH, worth approximately $3.93 billion at prevailing market prices. This holding represents nearly 0.69% of all Ether in circulation, significantly enhancing its market position.

ETH Price Rally Pushes Sharplink’s Crypto Strategy Forward
Sharplink began acquiring Ether in June 2025, starting with an initial position of 176,300 ETH. It continued adding to its holdings throughout July and August, reaching 839,000 ETH by early September. Although the amount has remained unchanged since then, Ether’s rise from $4,500 to $4,700 has increased the stash’s value.

SharpLink’s unrealized profit now surpasses $900M since launching the ETH treasury strategy on June 2, 2025.

During that time, ETH concentration doubled, making every share more valuable.

With 839k ETH on our balance sheet and no debt, SharpLink’s in a strong position to keep… pic.twitter.com/4HlQWRZjvw

— SharpLink (SBET) (@SharpLinkGaming) October 6, 2025

The firm credited Ether’s yield-bearing capabilities for the strong performance of its crypto treasury strategy. “Sharplink’s unrealized profit now surpasses $900M since launching the ETH treasury strategy on June 2, 2025,” the company announced. With no outstanding debt, Sharplink maintains a solid position to support shareholder value and strategic growth.

Sharplink emphasized that the investment strengthens its long-term treasury position while supporting its blockchain-related initiatives. It has reiterated its commitment to Ethereum’s ecosystem while exploring new digital finance models. This strategy also supports its broader innovation roadmap, particularly around tokenized assets and decentralized tools.

Corporate Ether Reserves Exceed $26 Billion Mark
Sharplink now ranks second among Ether-heavy corporate treasuries, behind BitMine Immersion Tech, which holds 2.83 million ETH. The Ether Machine follows in third with nearly 500,000 ETH. Combined, these firms have over 5.6 million ETH valued above $26.5 billion.

Sharplink’s balance sheet reflects confidence in Ethereum’s long-term utility across trading, tokenization, and digital settlement use cases. Co-CEO Joseph Chalom stated, “We’re explaining to users what the potential is, and you’re starting to see that adoption.” He added that ETH can lower capital requirements and risks in trading operations.

The company’s market valuation also reflects investor optimism about its blockchain-forward outlook. Currently trading at 7.8 times book value, Sharplink commands a significant premium over the U.S. hospitality average of 3.1 times. Compared to peers trading at 2.1x, Sharplink’s valuation suggests confidence in accelerated digital growth.

Sharplink Advances Tokenization and SEC-Registered Stock Integration
Sharplink has announced plans to tokenize its SEC-registered common stock using the Ethereum blockchain. Superstate will serve as its digital transfer agent, helping facilitate this shift toward decentralized equity representation. The firm sees tokenization as a natural extension of its blockchain treasury approach.

This move aligns with Sharplink’s broader focus on integrating blockchain into its operational framework. The firm aims to unlock efficiency by utilizing Ethereum for secure transactions, lower costs, and enhanced transparency. Sharplink believes this model supports long-term shareholder returns and market innovation.

Over the past year, Sharplink’s total shareholder return was 0.85%, indicating stable performance. Shares have shown modest upward momentum as blockchain strategies gain traction.

Pineapple has executed its first open-market buy of 678,353 INJ tokens valued at $8.9 million. The purchase launches the company’s $100 million Injective treasury, which it said will be staked to generate yield and strengthen its onchain presence.

Summary

Pineapple Financial has launched its $100 million Injective Digital Asset Treasury with an $8.9 million purchase of 678,353 INJ tokens.
The fintech firm plans to stake its INJ holdings to generate yield and integrate Injective’s infrastructure into mortgage finance operations.
The move comes as institutional interest in Injective grows, following ETF filings and expanding real-world asset markets on the protocol.

According to a press release dated Oct. 7, the Toronto-based fintech firm has officially activated its $100 million Digital Asset Treasury strategy, funded by a private placement last month.

The initial acquisition of 678,353 Injective (INJ) tokens is the first tranche in a series of planned market purchases, kicking off a corporate campaign with the goal of becoming the single largest holder and staker of INJ. Notably, the Pineapple team confirmed the entire position will be staked onchain immediately.

“This initial Injective investment underscores our conviction in the strength of the $INJ token’s future and our ambition to create the world’s largest and most productive INJ treasury platform,” Pineapple CEO Shubha Dasgupta said. “This transaction marks the first of many milestones, as we establish ourselves as a pioneering DAT company and work to achieve our vision to bring Pineapple’s mortgage finance business onchain using Injective’s financial infrastructure.”

Pineapple to expand its Injective footprint beyond token accumulation
According to the release, Pineapple intends to deeply integrate Injective’s decentralized infrastructure directly into its core business lines. The company plans to leverage the blockchain for critical mortgage-finance functions, including data management, loan servicing, settlement, and the nascent field of real-world asset tokenization.

This suggests a future where elements of the home loan process could be managed onchain, an ambitious technical undertaking that goes far beyond simple token acquisition.

Pineapple’s pivot arrives during a period of notable institutional momentum for the Injective ecosystem. Just days prior to Pineapple’s announcement, asset managers Rex Shares and Osprey Funds formally filed with the SEC for a staked INJ exchange-traded fund.

This move, which places INJ alongside other digital-infrastructure assets in the ETF Opportunities Trust, signals a growing recognition of the token’s value proposition within traditional finance circles.

IT’S OFFICIAL: Rex Shares and @OspreyFunds have filed with the SEC to launch a staked $INJ ETF.

The fund is part of the ETF Opportunities Trust, which only includes major assets like LINK and HBAR, forming a lineup of core digital asset infrastructure alongside INJ. pic.twitter.com/LaJFwNGRgr

— Injective 🥷 (@injective) October 4, 2025

Simultaneously, Injective has been expanding its suite of sophisticated financial products. Earlier this month, the protocol launched onchain pre-IPO perpetual markets, allowing for leveraged trading of synthetic shares for major private companies like OpenAI.

These markets, which are fully onchain and decentralized, represent a direct effort to bridge traditional finance with DeFi, offering global access to a market segment historically reserved for large institutions. Injective’s push into real-world-asset derivatives has already seen substantial volume, with the protocol reporting over $1 billion in RWA perpetual-futures trading in recent weeks.

TLDR

The Financial Conduct Authority will lift its ban on Bitcoin ETNs for retail investors starting October 8.
Bitcoin ETNs will be available only on recognized investment exchanges such as the London Stock Exchange.
The products must meet strict listing, disclosure, and distribution requirements set by the FCA.
Retail investors will gain indirect exposure to Bitcoin without owning the actual cryptocurrency.
The FCA continues to ban crypto derivatives like futures and options for retail investors.

Retail investors in the United Kingdom will regain access to Bitcoin ETNs from October 8. This marks a key shift in policy. The Financial Conduct Authority (FCA) has reversed its 2021 ban on crypto-linked ETNs.

Bitcoin ETNs to be Available on Recognized Exchanges
Retail investors can now invest in Bitcoin ETNs listed on recognized investment exchanges. These include the London Stock Exchange. The FCA’s updated rules allow ETNs referencing Bitcoin or Ethereum.

These Bitcoin ETNs must meet strict listing and disclosure requirements. They must also follow specific distribution rules. Financial institutions will issue the notes under a regulated framework.

The FCA initially banned these products in 2021. It had cited market volatility and consumer protection risks. That ban will now be lifted starting Monday.

🇬🇧 The FCA is lifting its ban on Bitcoin ETNs, retail access begins 8 October 2025.

For the first time since 2021, UK investors will be able to buy regulated Bitcoin exposure through traditional investment platforms.

Let’s unpack what this means 👇

—

A Bitcoin ETN…

— 🇬🇧 The Bitcoin & Crypto Accountant 🇬🇧🚀 (@Thesecretinves2) October 6, 2025

Industry Reacts to Regulated Access
The crypto industry welcomed the FCA’s move. Experts view it as a shift from exclusion to regulated inclusion. However, some say it still limits full participation.

Susie Violet Ward, CEO of Bitcoin Policy UK, said: “Access matters, and lifting the ETN restriction is a welcome step in the right direction.” She emphasized that Bitcoin ETNs offer access without direct crypto ownership. Still, she stressed the need for spot Bitcoin products in the future.

Ward stated that the FCA’s prior restrictions did not adequately protect consumers. Instead, they restricted investment options and access to them. She added that the UK lost momentum due to its regulatory stance.

Although the FCA has eased rules for Bitcoin ETNs, it continues to ban crypto derivatives. This includes futures and options for retail investors. These remain restricted due to ongoing concerns.

BTC ETNs Still Face Market Limitations
Bitcoin ETNs are unsecured debt instruments. They are linked to the performance of the underlying crypto. However, they do not involve direct ownership of assets.

Experts believe these products offer a simple entry point. Investors can gain exposure to crypto without managing private keys or wallets. Yet they still carry credit risk tied to the issuer.

Ward stated, “An ETN is a debt instrument, not a spot Bitcoin ETF.” She questioned why ETNs were prioritized over direct crypto-backed products. She called for more substantial commitments to innovation.

Bitcoin ETNs returning to the UK signals progress. However, analysts argue that direct access is the logical next step. For now, retail investors must settle for indirect exposure.

The dominant digital asset rallied to a record peak on Monday but stumbled Tuesday morning in the wake of growing concerns over the federal government shutdown. Bitcoin's Record Rally Stalls on Rising Shutdown Concerns Just a day after surging to a $126,198.

In brief
Publicly traded firm CEA Industries said Tuesday that it now holds 480,000 BNB, valued above $600 million.
The price of BNB has surged 27% in the last week alone, hitting a new high of $1,330 on Tuesday.
Shares of CEA Industries, which trades as BNC on the Nasdaq, rose 8% following the announcement.
BNB extended its recent surge early Tuesday, with the Binance-backed token setting a fresh all-time high mark and flipping Tether to become the third-largest cryptocurrency by market cap. And following the latest leg up, a publicly traded company revealed that it now holds more than $600 million worth of the coin.

CEA Industries Inc. (BNC) said Tuesday that it now holds 480,000 BNB tokens with an average acquisition cost of $860 per token, representing a total investment of approximately $412.8 million.

Thanks to BNB’s latest surge, which has seen the coin jump in value by 27% in the last week alone to a current price of $1,273, those holdings are now valued at $611 million.

Earlier Tuesday, following CEA’s announcement, BNB peaked at a new record price of $1,330, per data from CoinGecko. It’s currently up 121% over the last year.

BNC shares are up 8% on the day at a price above $10 per share, though the price is down 41% over the last month. CEA’s stock popped to a 52-week high of nearly $83 per share in July when the company announced its BNB treasury move.

CEA Industries is currently the largest BNB treasury company and aims to own 1% of the total BNB token supply by year-end 2025, following the model of other digital asset treasury leaders like Strategy (Bitcoin) and BitMine Immersion Technologies (Ethereum).

“BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem,” said CEA Industries CEO David Namdar, in a statement. “We view BNB not just as a token, but as the fulcrum of a massively integrated ecosystem.”

The token’s recent surge has come amid growing use of BNB-based perpetual futures exchange Aster, which has helped drive rising activity and user onboarding on BNB Chain.

“BNB’s recent rally has been largely driven by increased on-chain activity and growing institutional interest,” Illia Otychenko, lead analyst at CEX.IO, told Decrypt earlier Tuesday.

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Gold prices have come within touching distance of the $4,000 mark for the first time, reinforcing the global rush toward safe-haven assets. Analysts believe this could set the stage for Bitcoin's next significant rally as investors turn to scarce, inflation-resistant stores of value.

Can XRP Ledger really outshine SWIFT amidst speeding up traditional finance liquidity strain?

The FCA will lift its four-year ban on crypto ETNs on Oct. 8, allowing UK retail investors access to Bitcoin and Ethereum ETNs.Experts call the move progress but argue it’s symbolic, as investors still can’t directly own or trade cryptocurrencies.Critics say overregulation has hurt UK crypto innovation, urging approval of spot Bitcoin products for genuine market growth.Starting tomorrow, retailers in the United Kingdom can purchase Bitcoin exchange-traded notes (ETNs). This investment vehicle offers investors indirect exposure to Bitcoin. It has been banned in the country since 2021.

Experts welcome the initiative taken by the UK’s financial services regulator. They warn, however, that the move falls short of offering direct access to cryptocurrencies.

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UK Reverses Four-Year Crypto ETN BanOn October 8, the UK’s Financial Conduct Authority (FCA) will lift its ban on crypto ETNs for retail investors. The change is a major turning point in the UK’s approach to digital assets, reversing a four-year-old restriction.

An exchange-traded note (ETN) is an unsecured debt security issued by a financial institution. It is designed to track and expose investors to the returns of a specific index or market benchmark. 

🇬🇧 The FCA is lifting its ban on Bitcoin ETNs, retail access begins 8 October 2025.

For the first time since 2021, UK investors will be able to buy regulated Bitcoin exposure through traditional investment platforms.

Let’s unpack what this means 👇

—

A Bitcoin ETN…

— 🇬🇧 The Bitcoin & Crypto Accountant 🇬🇧🚀 (@Thesecretinves2) October 6, 2025
Specifically, the FCA’s reversal will permit retail investors to access ETNs referencing Bitcoin or Ethereum. These products must be listed on a recognized investment exchange, such as the London Stock Exchange. They will also be subject to strict listing, disclosure, and distribution standards. 

For those not ready to invest directly in cryptocurrencies, an ETN offers a simpler vehicle, as buying the note does not require direct ownership of the underlying crypto asset.

“Access matters, and lifting the ETN restriction is a welcome step in the right direction, said Susie Violet Ward, CEO of Bitcoin Policy UK, adding, “What is important now is that the UK builds on this momentum.”

The FCA’s reversal marks a shift from outright prohibition to a strategy of regulated inclusion.

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‘Symbolic Gesture’: Why an ETN Isn’t EnoughIn recent years, the United Kingdom has lagged in the global competition to become a dominant hub for digital assets. Critics have specifically targeted the country’s financial services regulator for overregulation, which is seen as stifling innovation.

In 2021, the FCA prohibited selling, marketing, and distributing derivatives and ETNs referencing cryptoassets to all retail consumers. It cited concerns like extreme volatility, valuation difficulty, and market abuse. 

Though the ban on ETNs has been reversed, the prohibition of derivatives like options and futures remains in place for retail investors due to ongoing concerns over consumer protection. 

According to Ward, the FCA’s previous restrictive approach did not effectively protect consumers but merely curtailed their choices and market access.

“The UK has fallen behind not because of a lack of interest in Bitcoin but because of overregulation that has stifled innovation and driven opportunity offshore. The FCA’s approach has not protected consumers, it has limited them,” Ward told BeInCrypto.

She added that reversing the crypto ETN ban will not be enough to boost the UK’s global competitiveness meaningfully.

“An ETN is a debt instrument, not a spot Bitcoin ETF. It is an odd choice to reopen the door through a more complex, credit-linked product rather than one backed by the underlying asset itself. Still, it is progress.”

The natural next step for her would be to allow retailers to access crypto assets directly. 

“Allowing properly structured and transparent spot Bitcoin products would demonstrate genuine commitment to financial innovation and consumer choice. We should not settle for symbolic gestures when there is an opportunity to lead,” Ward concluded.

Disclaimer

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XRP Poised for Rapid Surge as Triangle Breakout Signals $5 PotentialAccording to renowned market analyst Maxi, XRP is on the verge of a significant price move, with the potential to reach $5 if a critical technical pattern, the symmetrical triangle, breaks decisively. 

Source: MaxiThis setup, often regarded by traders as a high-probability indicator, has captured the attention of both retail and institutional investors.

A symmetrical triangle forms when a cryptocurrency’s price consolidates between converging support and resistance levels, reflecting a period of indecision in the market. 

For XRP, this pattern has developed over several weeks, signaling a balance between bullish and bearish forces. Maxi notes that once XRP breaks above the upper boundary of this triangle, it could trigger a rapid bullish momentum, potentially sending the digital asset toward the psychological $5 mark.

Rising volume near XRP’s triangle apex signals a potential breakout, likely attracting new buyers. Analyst Maxi notes this could not only lift prices but also revive market sentiment, drawing sidelined investors back in.

Therefore, XRP’s technical setup aligns with a broader market rally, driven by global macro stability and rising blockchain adoption. Its strong integration in cross-border payments adds fundamental support, making the next move particularly compelling.

Sanae Takaichi Elected Japan’s First Female Prime MinisterIn a historic political milestone, Sanae Takaichi has been elected as Japan’s first-ever female Prime Minister, marking a significant turning point in the nation’s leadership.

According to market expert Xaif Crypto, Takaichi’s pro-growth agenda could have profound implications for both the Japanese economy and the cryptocurrency landscape.

Takaichi’s victory has already sparked optimism in financial markets. Japanese stocks surged to unprecedented levels following the announcement, with the benchmark Nikkei 225 index closing 4.75% higher, surpassing 47,000 points for the first time ever. Analysts attribute this rally to investor confidence in Takaichi’s commitment to free-market principles and business-friendly policies.

A known admirer of former UK Prime Minister Margaret Thatcher, Takaichi has long expressed her support for deregulation and economic liberalization. 

Market observers suggest that her pro-growth stance could translate into meaningful reforms in taxation, particularly within the rapidly evolving cryptocurrency sector. If implemented, such reforms may reduce barriers for blockchain startups and digital asset investors, potentially positioning Japan as a global hub for crypto innovation.

Xaif Crypto points out that Takaichi’s administration could usher in a period of regulatory clarity for cryptocurrencies, a move long anticipated by both domestic and international investors. 

As a result, the prospect of tax incentives and streamlined compliance frameworks is expected to attract fresh capital inflows and encourage technological advancements in blockchain-based solutions. This could provide a significant boost to startups and established companies alike, driving innovation and fostering competition within the sector.

Beyond crypto, Takaichi’s election signals a broader shift toward policies that favor entrepreneurship, foreign investment, and economic competitiveness. 

Analysts predict that these measures may further strengthen Japanese equities, particularly in technology, finance, and export-driven industries. 

Her alignment with Thatcher’s free-market philosophy underscores a focus on reducing bureaucratic hurdles and promoting sustainable economic growth.

ConclusionXRP sits at a pivotal point where technical patterns meet strong fundamentals. A breakout from the symmetrical triangle could trigger a rapid surge toward $5, reigniting investor interest and confidence.

Meanwhile, Sanae Takaichi’s election as Japan’s first female Prime Minister marks a historic milestone and a potential pivot toward pro-growth, crypto-friendly policies. With markets rallying and innovation poised to surge, her leadership could redefine Japan’s economic and financial future.

Summary

The XRP price prediction hinges on a breakout above $3.10 or a breakdown below $2.85, with volatility building under compression.
A bullish breakout could propel XRP toward $3.60 in the short term and as high as $4.00 if momentum strengthens.
Failure to defend $2.85 support risks triggering a correction toward the mid-$2 zone, keeping traders cautious until direction is confirmed.

XRP is trading around $2.93, showing resilience as bulls defend the $2.85–$2.90 support zone. The market has tightened into a narrow range below the $3.05–$3.10 resistance level, with traders watching for a decisive move that could set the tone for the rest of September. The question now — can buyers muster enough momentum to ignite a breakout toward $4?

Current XRP price prediction scenario
XRP 1D chart | source: crypto.news
XRP has spent the past week consolidating between $2.85 and $3.10, mirroring a symmetrical triangle structure that often precedes volatility. Volume has tapered slightly, signaling trader indecision, yet open interest across derivatives markets remains high — suggesting an explosive move could be near.

Market sentiment has improved modestly, buoyed by Ripple’s continued partnerships in payments and growing institutional involvement in the XRP Ledger ecosystem. Still, the token’s inability to sustain moves above $3.00 has frustrated bulls, who see the $3.10 region as the key breakout threshold.

XRP price bull factors
If XRP can close decisively above $3.10, momentum traders may re-enter, pushing the token quickly toward $3.30–$3.40. Beyond that, a clean breakout could extend toward the $4.00–$4.20 zone — a level not seen since its early-year rallies.

The bullish narrative leans on continued on-chain activity, Ripple’s enterprise integrations, and speculation over potential regulatory clarity later this year. Analysts argue that institutional inflows, coupled with lighter exchange supply, could provide the tailwind for an extended rally if Bitcoin remains stable above $110K.

Bearish factors for XRP
Failure to hold $2.85–$2.90 would signal that bulls are losing grip, potentially triggering a deeper correction toward $2.74 or even $2.66. Weakness in broader market sentiment, particularly if Bitcoin retraces or equities turn risk-off, could compound pressure.

Technically, the longer XRP stays trapped below $3.10, the more likely traders are to rotate into faster-moving altcoins. RSI levels hovering near midrange also indicate that buying conviction has yet to return in force.

XRP price prediction based on current levels
XRP continues to trade within a well-defined range between $2.85 and $3.10, reflecting a tug-of-war between bulls and bears. A breakout above $3.10 would likely confirm renewed bullish momentum, opening the path to $3.40–$3.60, with extended potential toward the $4.00 region if volume surges and sentiment improves.

Conversely, a breakdown below $2.85 could hand control to sellers, leading to a decline toward $2.74 or $2.66 as traders unwind leveraged positions. For now, consolidation dominates, but technical compression and rising open interest hint that volatility is brewing, and the next decisive move for Ripple (XRP) may arrive soon.

Overall outlook
Cautiously bullish. XRP’s tight consolidation below resistance suggests mounting pressure for a breakout. A move above $3.10 would confirm renewed momentum and open the door to a potential rally toward $4, while a failure to hold $2.85 could shift the short-term bias back to bearish. The next 48–72 hours may determine whether XRP’s bulls can finally seize control.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

BNB has just smashed through the $1,295 mark, setting a new all-time high and sparking fresh interest in a bullish BNB Coin price prediction.Up 84% year-to-date, it's now the top-performing crypto among the top five, outpacing both Bitcoin and Ethereum.

The BNB market cap broke $180 billion, surpassing both Tether and XRP, but can its dominance continue?

Summary

BNB market cap has surpassed that of XRP and USDT
The Binance coin reached an all-time high at $1,336.57, the same day
Still, the battle for altcoin dominance is not over

In a move that shook up crypto rankings, BNB has overtaken XRP in market cap. On Tuesday, Oct. 7, BNB reached an all-time high of $1,336.57, positioning itself as the third-largest crypto asset, overtaking both XRP and Tether’s USDT.

As BNB started flipping XRP, market momentum took over for both coins. While BNB registered a 5.35% daily gain, XRP fell by 4.59%. At its height, BNB’s market cap reached $185 billion before stabilizing at $180 billion. This level puts it above XRP’s market cap of $173 billion.

Now, traders are asking whether this positioning will continue, or whether the recent BNB rally is a fakeout fueled by speculation.

Will BNB market cap surpass XRP in the long run?
For one, BNB’s recent rally has strong support behind it, both in terms of on-chain metrics and price charts. In the past few days, the token held steady above the $1,200 support, as well as key moving averages. This indicates that buyers are still in the driver’s seat.

At the same time, XRP stayed below the crucial $3 resistance level. Moreover, given BNB’s rally, XRP will need its most bullish case to flip BNB again. Still, some experts believe that XRP has a springboard ahead if it manages to reverse the recent decline.

“XRP is also interesting to watch right now, as it keeps testing the structural $3.00 ceiling, and breaking the $3.10–$3.20 range with strong volume would clear immediate resistance and open a move toward $3.30–$3.50,” Arthur Azizov, Founder and Investor at B2 Ventures told crypto.news.

In any case, BNB could also see a minor correction. While most signals lean bullish, the Relative Strength Index at 77.38 indicates slightly overbought conditions.

XRP’s price history and trajectory have always caused debates among cryptocurrency enthusiasts, especially when compared to Bitcoin’s growth. Bitcoin has soared more than sixfold in the past seven years, but XRP is still trading around $3.02, roughly the same level it was trading at in early 2018. 

This comparison recently resurfaced in a post by analyst Adam Livingston on the social media platform X, who pointed out that XRP’s lack of progress stands in stark contrast to Bitcoin’s 608% surge during the same period. In response, Digital Asset Investor, a well-known voice in the XRP community, explained that the stagnation isn’t a coincidence but the result of years of regulatory imbalance, one that is finally about to end.

Regulatory Monopoly And The Bitcoin Advantage
Digital Asset Investor’s post talked on what he described as regulatory capture, which gave Bitcoin a free pass from oversight while XRP was entangled in a five-year legal battle with the US SEC. According to the analyst, Bitcoin’s dominance in the crypto market was supported by a regulatory monopoly built on ambiguity surrounding its creator, Satoshi Nakamoto. 

The analyst pointed out that even though there exists a video of a Homeland Security agent claiming to have met with “the four Satoshis,” regulators acted as if Bitcoin’s origins were a mystery. This, according to him, allowed Bitcoin to grow unchecked while other cryptocurrencies, including XRP, faced crippling restrictions. 

XRP was effectively frozen out of much of the US crypto ecosystem when the SEC filed its lawsuit against Ripple in December 2020, accusing it of selling unregistered securities. Major exchanges in the US delisted it, and investors in the US did not have access to XRP. 

During this time, Bitcoin and Ethereum enjoyed regulatory clarity as non-securities and attracted institutional inflows and ETF developments that XRP could only watch from the sidelines. According to the analyst, this unequal treatment was not accidental but rather part of a regulatory agenda that kept XRP from participating fully in the crypto market’s growth phase. 

He noted that had XRP not been under legal attack, its price trajectory could have followed Bitcoin’s or even outpaced it due to its use case in cross-border settlements and real-world utility.

Why Everything Is About To Change
According to Digital Asset Investor, the tide is turning. He stated that upcoming legislation in the US is about to dismantle the regulatory monopoly that Bitcoin has long benefited from. New laws, particularly those addressing digital asset classification and market structure, are expected to create a level playing field for all cryptocurrencies, including XRP. “The regulatory level playing field that the Bitcoin Maxis have dreaded cometh,” he wrote.

If this happens, XRP will not only close the performance gap with Bitcoin but also go on its own era of growth, as we have seen in the past year or so. XRP is no longer classified as a security, and the Ripple-SEC lawsuit is now finally over. At the time of writing, XRP is trading at $2.97.

XRP trading at $2.96 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin has reached new highs as David Marcus has contended it remains severely undervalued relative to gold; tokenized metals have passed $3B, ETFs have drawn net inflows, exchange balances have fallen, and research has outlined potential valuations under store-of-value scenarios.

CruTrade, a new online investment platform that offers wine investors a place to buy and sell fine wine, announced its launch today, promising a marketplace where enthusiasts can trade wine powered by Avalanche.

CrutTrade touts its ability to allow traders to instantly invest in bottles of wine “without moving them, reducing fees, preventing spoilage, and preserving provenance.” The platform is launching with over $60 million in tokenized inventory, comprising approximately 200,000 bottles from more than 250 producers.

CruTrade promises access to top wines, minus excessive fees, while mitigating the risk of spoilage. Bottles are stored in a temperature- and humidity-controlled facility in Beaune, France, while digital ownership transfers are on-chain.

CruTrade states that it enters the market with an advantage through its relationship with Crurate, which reportedly has tokenized more than $60 million of fine wine.

The company believes there is sufficient demand for a wine marketplace as it predicts a “reset” in how luxury goods are traded.

The fine wine secondary market is valued at $9 billion today, with expectations that it could reach $25 billion by 2030.

CrutTrade was founded by CEO Devon Ferreira. He previously served as Global Head of Digital at Oakley, and later as Chief Marketing Officer at Avalanche (Ava Labs). Ferreira also held senior leadership roles at Immutable and Disney.

John Nahas, Chief Business Officer at Ava Labs, says fine wine is a natural fit for its mission to tokenize the world’s assets, providing speed and security of transactions.

CruTrade makes its money via transaction fees which are said to be lower than auction house charges.

ZKsync has launched the Atlas upgrade to help banks and enterprises move operations to the blockchain.

Journalist

Posted: October 7, 2025

Key Takeaways
Why is Dogecoin in focus?
CleanCore Solutions revealed it now holds 710 million DOGE, part of a plan to build a 1 billion DOGE corporate treasury.

What else is driving Dogecoin’s momentum?
Bitwise’s amended filing for a U.S Dogecoin ETF and the Cardinals Index Node upgrade could push DOGE further.

On 7 October, CleanCore Solutions (NYSE: ZONE) announced it now holds over 710 million Dogecoin [DOGE]. This is part of a broader plan to build a 1 billion DOGE corporate treasury, backed by the Dogecoin Foundation. 

The news came just a day after Bitwise Asset Management filed an amended S-1 registration for its proposed U.S Dogecoin ETF. That, in addition to reports of the Cardinals Index Node launch point to new technical capabilities for the Dogecoin network.

Together, these events may suggest that Dogecoin is evolving rapidly, from a memecoin into a serious contender for institutional adoption.

CleanCore’s billion-DOGE plan – A new kind of corporate treasury
CleanCore’s update confirmed that its official Dogecoin Treasury now includes 710 million DOGE, generating over $20 million in unrealized gains since its launch on 05 September. The company raised $175 million in private placement to fund the program, executed through Bitstamp by Robinhood.

According to CEO Clayton Adams, the goal is to align with the Dogecoin Foundation’s vision of expanding utility beyond speculation. The announcement makes CleanCore one of the first publicly listed firms to treat Dogecoin as a reserve asset. Similar to how early adopters once accumulated Bitcoin for their treasuries.

Bitwise files amended S-1 for U.S Dogecoin ETF
On 6 October, Bitwise submitted Amendment No. 3 to its Dogecoin ETF registration with the U.S SEC.

The filing outlines Coinbase Custody as the fund’s DOGE custodian, details in-kind creation and redemption processes, and clarifies fee payments denominated in Dogecoin.

Source: SEC

If approved, the Bitwise Dogecoin ETF would be the first U.S-listed fund offering direct exposure to DOGE. It will also open the door for institutional and retail investors to gain regulated access without holding tokens directly.

Approval could replicate the kind of inflows seen in Bitcoin ETFs.

Cardinals Index Node launch boosts Dogecoin’s technical outlook
Dogecoin developers and community sources are also excited about the rollout of the Cardinals Index Node. The rollout is an upgrade to improve network decentralization and indexing speed.

While official technical documentation is still limited, the upgrade is evidence of how Dogecoin is evolving from a memecoin into a more capable blockchain platform.

Price reactions and market context
At the time of writing, DOGE was trading at around $0.25 at press time – Down 5.7 % in the last 24 hours after briefly touching $0.27.

Source: TradingView

The RSI (51.3) hinted at neutral momentum, while volume levels remained elevated at 237 million DOGE.

Across the broader market though, the memecoin sector’s total capitalization has risen by 6.57% over the last 30 days. What this means is that retail and speculative interest in meme assets remains strong, despite some profit-taking.

Source: CoinMarketCap

Why do these developments matter?
Together, the CleanCore treasury, Bitwise ETF filing, and Cardinals upgrade form a rare convergence of institutional, regulatory, and technical momentum – All pointing towards a more mature DOGE ecosystem.

If CleanCore continues accumulating, and if the SEC greenlights Bitwise’s ETF, Dogecoin could see sustained demand from both corporate and fund channels.

A Bitcoin-focused fintech company, New York Digital Investment Group, raised concerns over the lack of proper reserve reporting by the team behind the stablecoin USD1. Analysts find it odd that a stablecoin launched by the U.S. President’s family is held mostly outside America.

Summary

NYDIG report points to the USD1’s structure that won’t fit the GENIUS Act requirements once it comes into effect. 
Analysts view the lack of reserve reports by USD1 since July as a huge concern.
Another problem outlined by NYDIG is USD1’s ties with Binance, as 79% of USD1 stablecoins are based on the BNB blockchain. 78% of USD1 tokens are held offshore in the wallets of foreign exchanges.

Reporting gap and structure issues
USD1 stablecoin is largely known as the project of World Liberty Financial, a company mostly owned by the Trump family. However, NYDIG outlines that while WLF is a brand owner, the tokens are issued and redeemed by BitGo Technologies LLC, a money transmitter licensed with FinCEN. Thus, World Liberty Financial is just a face of the project, while most of the job (reserve management and infrastructure maintenance) is done by BitGo. 

It’s an important detail, as BitGo won’t be eligible to do this job as soon as the GENIUS Act takes effect. While the bill was enacted by President Donald Trump on Jul. 18, 2025, it will come into effect only on Jan. 18, 2027, or 18 months after it was signed into law.

The GENIUS Act restricts stablecoin issuance to subsidiaries of insured depository institutions, federal-qualified issuers (the Office of the Comptroller of the Currency-approved nonbanks, uninsured national banks, or federal branches of foreign banks), and state-qualified issuers. As of the press time, BitGo’s legal status doesn’t match any of these categories. NYDIG notes that while it is not an existential threat to USD1, the project needs structural adjustment to comply with the law.

While Donald Trump advocates for semi-annual reporting instead of quarterly reporting for public companies, the stablecoin associated with his family has already adopted this pace. NYDIG found out that USD1 hasn’t been doing reserve reports since July! For comparison, Circle releases reserve attestations on a monthly basis. The latest report was released on Sep. 30. Tether hasn’t released a report since Jun. 30, but the company has been consistent in its once-in-a-quarter reporting pace.

Patriotic mission and offshore holdings
NYDIG analysts’ eye was caught by the fact that most of the USD1 tokens (at least 78%) are held on the offshore wallets. Most of them are the wallets of foreign crypto exchanges. According to the NYDIG report, most USD1 tokens are based on BNB Smart Chain, and there is a probability that the project has ties with Binance. 

Aggregating balances across chains, it’s clear that USD1 is overwhelmingly preferred by offshore holders vs onshore. 78% (at a minimum, we only looked at the top addresses) of USD1 tokens are held in wallets associated with offshore entities, such as exchanges. pic.twitter.com/xC9FmkrsVY

— NYDIG (@NYDIG) October 6, 2025

In July, Bloomberg reported that Binance has close ties with USD1. According to the publication, Binance participated in the development of a USD1 smart contract and received a $2 billion investment in USD1 from a UAE-based investment group, MGX. The investment is mentioned in other publications as well. Binance founder Changpeng Zhao denied these allegations, dismissing them as the disinformation spread by a competing exchange.

According to Bloomberg, 90% of USD1 was held on Binance wallets as of July. This amount has decreased by the time of the NYDIG report. Analysts from NYDIG suggest that of $2 billion invested in Binance, part of the funds has gone to unknown addresses or was redeemed — the report questions why the U.S. president-linked stablecoin is largely held outside the U.S.

NYDIG mentioned the plans of World Liberty Financial to tokenize real-world assets and pair them with USD1. According to NYDIG, the WLF representatives said that dollarization of the world is a “patriotic mission” and is useful for the world in general. 

The company’s striving to explore both tokenized RWAs and the stablecoin space is an ambitious move. The stablecoin market is projected to reach $2 trillion, while the securities market is valued at $257 trillion. Once tokenized, it opens the door for a new giant market.

Distributing USD stablecoins to users outside the US reinforces the dollar’s dominance and solidifies its role as the world’s reserve currency, an invaluable advantage that Washington has arguably leaned on too heavily in the past. On the other hand, this dynamic runs counter to…

— NYDIG (@NYDIG) October 6, 2025

NYDIG analysts point to the ambiguous role of “dollarizing the world” through stablecoins. On the one hand, they see it as reinforcement of the dollar’s role as the world’s reserve currency. On the other hand, they suggest that it goes against Trump’s plans to make the USD weaker to boost exports of US-made products.

TAO price breaks out of a two-week consolidation, surging 6% as improving crypto liquidity drives renewed bullish sentiment. Trading volume jumps 108% to $212 million, confirming strong buying interest and validating the upward breakout from its horizontal channel. With a long/short ratio of 1.01, bullish momentum dominates, setting sights on a potential retest of the $373 resistance level.Bittensor’s native token, TAO, has surged 6% in the past 24 hours, breaking out of a two-week-long horizontal channel that had kept prices consolidating since September 23.

The rally comes as crypto market liquidity improves, with capital inflows rising across risk assets amid a weakening US dollar and uncertainty in traditional finance markets. As bullish sentiment spreads across the broader crypto market, TAO could be gearing up for new local highs if current momentum holds.

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Traders Pile In as TAO Flips BullishTAO traded within a horizontal channel between September 23 and October 7, keeping its price performance muted. However, as broader market sentiment improved, the altcoin closed above the upper line of its consolidation range yesterday, suggesting that bulls may have regained short-term control. 

As its price has climbed over the past day, its daily trading volume has also spiked sharply, validating the strength behind the upward move. Currently at $212 million, TAO’s trading volume is up 108% in the past 24 hours. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

TAO Price/Trading Volume. Source: SantimentWhen an asset’s price and trading volume rise simultaneously, the upward movement is driven by genuine market demand rather than isolated or speculative large trades. This trend validates TAO’s breakout and suggests that new capital is flowing into the market, increasing the potential for a sustained rally. 

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Furthermore, TAO’s climbing long/short ratio supports the positive momentum. At press time, this was at 1.01, indicating that market participants lean heavily toward long positions.

TAO Long/Short Ratio. Source: CoinglassThe long/short ratio measures the proportion of traders holding long positions (bets that an asset’s price will rise) against those holding short positions. 

A ratio below one signals that most participants are betting on further downside. Conversely, as with TAO, a ratio above one indicates that more traders expect upward momentum, reflecting a bullish sentiment in the derivatives market.

TAO’s Next Stop Could Be $373 — If Buyers Keep the Pressure OnTAO’s recent breakout, combined with its healthy on-chain sentiment and rising spot demand, suggests that traders are positioning for a potential continuation of the uptrend. If buying pressure persists, TAO could retest its early-September highs and climb to $373.31.

TAO Price Analysis. Source: TradingViewHowever, if demand wanes, the token could lose momentum and fall to $333.9. If this support floor weakens, TAO’s price may attempt to fall back within its sideways pattern, and break below $320.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Based on historical patterns, Dogecoin’s price action often signals a major move after clearing a specific final resistance barrier. The focus is now on the weekly chart: a decisive close above the $0.41 level would replicate the exact conditions that launched previous parabolic rallies. This breakout is not just a technical move; it’s a cycle signal that could rewrite Dogecoin’s price history with another explosive surge.

Historical Patterns Reveal DOGE’s Explosive Post-Breakout Rallies
ÐOGECAPITAL, a well-known crypto analyst on X, recently shared insights into Dogecoin’s historical chart patterns, revealing a fascinating recurring trend. According to the analyst, Dogecoin’s weekly chart showcases a consistent pattern of explosive growth each time the asset breaks above a key yellow resistance line during the final phase of its market cycles.

In the first major cycle, Dogecoin demonstrated remarkable strength, rallying 83x after successfully closing above this pivotal resistance level. The breakout marked the beginning of an extraordinary bullish phase that defined Dogecoin’s early reputation as one of the most volatile yet rewarding assets in the crypto market.

History hints at a massive surge to uncharted territories | Source: Chart from DOGECAPITAL on X
During the second cycle, Dogecoin outperformed even its prior record, soaring roughly 183x once it breached the same yellow line. The pattern not only highlights Dogecoin’s cyclical nature but also strengthens the case that this technical formation has historically acted as a trigger for massive rallies.

Dogecoin Nears The Key Breakout Zone Once Again
According to ÐOGECAPITAL, Dogecoin is once again nearing the pivotal yellow resistance line on the weekly chart. With the line currently sitting around $0.41, the analyst noted that a confirmed weekly close above this level could mark the start of a new major rally. 

Breaking through the yellow line has consistently led to massive bullish expansions, suggesting that the current setup could once again serve as the foundation for another historic run. With the asset showing growing momentum, traders are watching closely to see if the breakout materializes in the coming weeks.

While some may expect another exponential rally, potentially repeating the 83x and 183x gains from previous cycles, the analyst took a more cautious approach this time. Rather than making extreme predictions, ÐOGECAPITAL opted to remain conservative in the outlook for Dogecoin’s next leg upward.

Based on this measured projection, the analyst anticipates a potential 37x move from $0.31 starting price in early 2025. If this scenario unfolds, it would put Dogecoin’s price around $11.71 by the end of 2025—a level that, while compared to past parabolic rallies, still represents a substantial gain and a strong continuation of the asset’s historical cycle pattern.

DOGE trading at $0.25 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com

18h05 ▪
4
min read ▪ by
James G.

Summarize this article with:

Bitcoin (BTC) has once again surpassed its previous records, climbing to new heights above $126,000. Unlike earlier speculative rallies, analysts say this surge reflects a stronger market structure and increasing institutional participation. More so, on-chain and ETF data suggest that Bitcoin may be entering a more stable phase of growth.

In brief

Bitcoin surges above $126,000 as Glassnode cites strong fundamentals behind the record-breaking rally.
ETF holdings hit $164.5 billion, showing rising institutional confidence and steady long-term demand for Bitcoin.
On-chain activity jumps 11%, with most investors in profit as futures open interest tops $230 billion.
Bitcoin sustains bullish momentum, trading above key averages with a Fear & Greed Index of 70.

Market Data Points to Fundamentally Driven Rally
Bitcoin reached a new all-time high this week, with data suggesting that the latest rally is backed by solid market fundamentals rather than speculation, according to on-chain analytics firm Glassnode.

The OG crypto climbed to a record $125,559 early Sunday, surpassing its previous peak of $124,457. On Monday afternoon, the coin reached a new all-time high (ATH) of $126,200. Glassnode’s latest Market Pulse report highlights that this rally differs from previous speculative surges, emphasizing its foundation in structural growth across key market sectors.

According to the report, Bitcoin’s latest all-time high reflects a coordinated expansion across spot, derivatives, and on-chain markets. Glassnode explained that improving liquidity, strong ETF inflows, and rising on-chain profitability suggest the breakout is driven by steady capital inflows and renewed investor participation rather than speculation.

ETF Inflows Highlight Growing Institutional Confidence In Bitcoin
Bitcoin exchange-traded funds (ETFs) continue to play a critical role in the ongoing market strength. The funds now collectively hold $164.5 billion in BTC, accounting for about 6.74% of Bitcoin’s total market capitalization. According to SoSoValue, cumulative net inflows into these ETFs exceeded $60 billion as of Friday, while daily retail ETF demand neared $1 billion.

This steady inflow reflects rising institutional confidence in Bitcoin’s long-term prospects. Additionally, the combination of ETF accumulation and consistent retail participation indicates sustained demand rather than short-term speculation.

On-Chain Activity Strengthens as Bitcoin Maintains Bullish Market Structure
Glassnode data indicate that on-chain activity has increased sharply, with an 11% rise in active addresses. Nearly all Bitcoin investors are currently in profit, with open futures contracts totaling over $230 billion.

At the time of writing, Bitcoin is sitting at $124,100, down 2% from its fresh ATH.

Here are other key market trends to note:

Market Capitalization: Bitcoin’s total market value rose 0.80% to reach $2.46 trillion.
Dominance: BTC maintains a 57.87% share of the overall crypto market.
Annual Performance: The price of Bitcoin has surged 95% over the past year.
Technical Strength: BTC continues to trade above its 200-day simple moving average, indicating sustained upward momentum.
Monthly Performance: The asset recorded 19 green days in the past 30 days.
Market Sentiment: Bitcoin’s outlook remains bullish, with the Fear & Greed Index currently at 70 (Greed).

Futures markets likewise reflect heightened participation. Data from Coinglass indicate that total Bitcoin futures open interest has climbed to $232.63 billion. Despite the surge, liquidations remained moderate at $356.46 million, with shorts comprising roughly 52% of the total.

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James G.

James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Shiba Inu price is holding firm above a critical daily support level, with on-chain data showing growth in new wallet addresses. The combination of strong structural support and steady network expansion suggests the asset may be entering an accumulation phase before a potential reversal toward higher resistance.

Summary

Support Holding: Price remains steady above the value area low, confirming strong demand.
Bullish Structure: Higher lows intact, signaling sustained upward momentum.
On-Chain Strength: New wallet growth indicates rising investor confidence and reduced selling pressure.

After months of consolidation, Shiba Inu’s (SHIB) price action has stabilized around the value area low of its current trading range. The level has been tested multiple times and continues to hold, signaling that buyers remain active in defending this key zone.

At the same time, an uptick in new wallet addresses and overall holder activity suggests that retail and mid-term investors are gradually accumulating positions in anticipation of a bullish recovery. Supporting this outlook, Shiba Inu is eyeing a potential rebound as its token burn rate surges more than 7,000%, reducing circulating supply and reinforcing bullish sentiment.

Shiba Ina price key technical points

Strong Daily Support: The value area low has held across several retests, forming a base for potential reversal.
Bullish Market Structure: Higher lows remain intact, maintaining an upward projection.
Growing On-Chain Demand: Rising total and new wallet addresses support long-term bullish sentiment.

SHIBUSDT (1D) Chart, Source: TradingView
From a technical standpoint, SHIB’s current position near the daily support zone highlights an area of significant demand. The value area low, which represents the lower boundary of the current trading range, has acted as a reliable floor through multiple attempts by sellers to drive price lower. Each retest has been met with buying pressure, confirming that the market continues to value SHIB within this accumulation range.

The market structure remains bullish as price action continues to respect higher lows and defend prior swing levels. This indicates that sellers have failed to gain control, and as long as price remains above the daily support zone (approximate value area low), a recovery toward the daily resistance zone remains probable. A breakout above the value area high would likely trigger a move toward the previous swing high, reaffirming bullish momentum.

SHIB INU Addres Holders, Source: Nansen
On-chain data further supports this technical picture. The number of wallet addresses interacting with Shiba Inu continues to increase steadily, alongside growth in the total number of holders. This pattern reflects healthy network activity and ongoing interest from investors, which typically precedes stronger market participation during recovery phases.

More importantly, it implies that mid-term investors are holding through volatility, waiting for higher returns rather than exiting prematurely, a behavior consistent with bullish accumulation.

This reduction in short-term selling pressure allows for price stabilization, giving SHIB room to form a sustainable foundation for future rallies. The current consolidation, supported by both technical and on-chain confluence, resembles prior accumulation periods that preceded significant upward expansions in the past.

What to expect in the coming price action
As long as Shiba Inu maintains support above its value area low, the probability of upside continuation remains high. A decisive reclaim of the value area high could ignite a new bullish phase toward the higher resistance.

Conversely, failure to hold above support could extend the consolidation phase before the next breakout attempt.

Journalist

Posted: October 7, 2025

Key Takeaways
Why did BNB flip XRP in market cap?
BNB’s rally to a new all-time high of $1,304 was powered by surging activity on BNB Chain.

Can XRP stage a comeback?
XRP will need a breakout above $3.50 and stronger inflows into Ripple’s payment corridors to challenge BNB again.

Binance Coin [BNB] has overtaken XRP to become the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. The flip marks BNB’s first time above XRP since early 2022, cementing its position as one of the top-performing large-cap assets this quarter.

Source: CoinMarketCap

At the time of writing, BNB was trading at around $1,304 – Up nearly 30% over the past week. On the contrary, XRP seemed to be lagging at $2.91 with 7-day gains of just 2.7%.

Its latest rally has pushed BNB’s market cap to $181.5 billion, ahead of XRP’s $174.6 billion.

Why is BNB surging?
A combination of strong on-chain fundamentals and ecosystem tailwinds has been driving BNB’s breakout. Most notably, the explosive rise of Aster, a decentralized exchange (DEX) built on the BNB Chain.

Aster’s Total Value Locked (TVL) has risen by over 500% in recent weeks, with the same climbing to $2.4 billion, according to DefiLlama data. The DEX’s liquidity mining campaigns and trading incentives have spurred a surge in transactions and gas burns – Both of which reduce token supply and support price appreciation.

BNB Chain also logged a record 58 million active addresses in September, surpassing Solana and other Layer-1s.

Additionally, technical data revealed that sentiment among Binance Coin holders has risen sharply, reaching 53.4 on TradingView’s 50-period Sentiment Index. This might be indicative of growing confidence and accumulation.

BNB’s daily chart seemed to display clear bullish momentum too, with rising volumes and higher highs confirming trend strength.

Source:TradingView

The Aster connection
BNB’s surge has been closely tied to Aster’s growth narrative. Binance recently listed ASTER with a Seed Tag, amplifying exposure and speculation across the ecosystem.

While Aster’s rapid rise is fueling optimism around BNB’s DeFi traction, some analytics platforms, including DeFiLlama, have flagged possible irregularities in its reported activity. Still, the DEX’s performance has reinforced the perception of BNB Chain as a thriving hub for decentralized finance.

XRP loses ground
For its part, XRP has struggled to maintain momentum, despite broader market gains. In fact, Holders’ Sentiment was negative (-4.8) at press time, with its price chart showing consolidation below the $3-level.

Source: TradingView

Ripple Labs’ push for real-world use cases is yet to translate into significant price action for the altcoin.

XRP’s 24-hour trading volume has been subdued too, compared to BNB’s – A sign that traders are rotating capital towards higher-growth ecosystems.

Can XRP reclaim third place?
XRP could still retake its position if new institutional partnerships or regulatory breakthroughs reignite investor confidence. According to AMBCrypto’s analysis, a break above $3.50 would be crucial in restoring bullish momentum.

However, unless BNB notes a short-term correction, potentially triggered by overheated sentiment or DeFi volatility, XRP’s road back to the number three spot may prove difficult.

A company trading on the Nasdaq under the ticker HSDT has significantly increased its holdings of Solana's SOL token as part of its corporate treasury strategy. Formerly known as Helius Medical Technologies, the firm now operates as Solana Company.