Market Signal Briefing

Key NotesThe $1.6 trillion asset manager received SEC approval and NYSE listing within one week of final filing submission.SOL price stabilized around $140 following recent volatility, supported by strong ETF inflows over 48 hours.Franklin's crypto portfolio now includes eight major digital assets through SOEZ and its existing EZPZ index fund.
US-based investment holdings firm Franklin Templeton’s Solana ETF has officially begun live trading on the New York Stock Exchange (NYSE) Arca platform.

The launch comes as multiple Solana ETFs have recently entered a period of increased positive inflows with total assets reaching more than $933 million.

Franklin Templeton’s entry into the space marks one of the largest traditional finance institutions to launch a Solana ETF. The firm reports more than $1.6 trillion in current assets under management as of Dec. 2.

Another Meme-Worthy Ticker From a TradFi Institution
The firm was quick to celebrate the meme-worthiness of the NYSE-registered ticker name for its Solana ETF, “SOEZ,” posting that “this one was so easy” on twitter.com to mark the ETF’s launch.

This one was so easy.

Ticker name decider guy here at @FTI_US on an absolute heater this quarter.

Franklin Solana ETF – $SOEZ is now live, making exposure to $SOL almost too easy? pic.twitter.com/bBA0YfB2LG

— Franklin Templeton Digital Assets (@FTDA_US) December 3, 2025

SOEZ joins Franklin’s “EZPZ” crypto Index ETF which recently expanded its holdings to include XRP

XRP
$2.19

24h volatility:
1.1%

Market cap:
$131.93 B

Vol. 24h:
$3.88 B

, Solana

SOL
$141.1

24h volatility:
1.2%

Market cap:
$78.99 B

Vol. 24h:
$5.92 B

, Dogecoin

DOGE
$0.15

24h volatility:
3.2%

Market cap:
$22.89 B

Vol. 24h:
$1.48 B

, Cardano

ADA
$0.44

24h volatility:
1.8%

Market cap:
$16.28 B

Vol. 24h:
$1.15 B

, Stellar Lumens

XLM
$0.26

24h volatility:
0.6%

Market cap:
$8.32 B

Vol. 24h:
$202.39 M

, and Chainlink

LINK
$14.38

24h volatility:
7.5%

Market cap:
$10.03 B

Vol. 24h:
$1.24 B

alongside Bitcoin

BTC
$93 021

24h volatility:
1.9%

Market cap:
$1.86 T

Vol. 24h:
$80.98 B

and Ethereum

ETH
$3 122

24h volatility:
4.3%

Market cap:
$377.23 B

Vol. 24h:
$27.77 B

.

As Coinspeaker recently reported, Franklin Templeton submitted its final regulatory filing for the launch of its SOEZ ETF to the US Securities and Exchange Commission (SEC) on Nov. 26. The subsequent SEC approval and NYSE Arca listing occurred in a matter of just one week including a US federal holiday (Thanksgiving) and weekend.

In the wake of the Dec. 3 SOEZ launch, the price of SOL experienced mild volatility before settling at $141.13 as of the time of this article’s publication. On Nov. 28 the price of SOL dipped from about $143 to $137 ultimately dropping to around $123 by Dec. 1.

Solana appears to be hovering around the $140 mark as trading begins for SOEZ | Source: CoinMarketCap.

However, strong ETF inflows over the 48 hours after the drop shored the price back up to the $140 range. It remains to be seen if the Franklin Templeton ETF will contribute further to SOL’s return to the $200+ mark it last held in October.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Solana (SOL) News, Cryptocurrency News, News

Tristan is a technology journalist and editorial leader with 8 years of experience covering science, deep tech, finance, politics, and business. Before joining Coinspeaker, he wrote for Cointelegraph and TNW.

Tristan Greene on X

Wed, 3/12/2025 - 18:46

BlackRock’s sell activity has continued for about a month, and it has shown no sign of slowing down despite the ongoing crypto market resurgence.

Cover image via U.Today

BlackRock is not holding back on its rapid Ethereum-selling streak, even despite the massive crypto market resurgence witnessed over the last day. 

Data from on-chain monitoring firm Lookonchain has revealed another huge Ethereum deposit from the firm.

Amid the strong crypto price rebounds, BlackRock has again moved a massive 44,140 ETH, worth about $135.36 million, to Coinbase Prime in a suspected sell-off attempt on Wednesday, December 3.

HOT Stories

The latest Ethereum deposit from BlackRock has happened in four batches of 10,000 ETH and a single 4,140 ETH transfer, bringing the total amount of ETH deposited today to 44,140.

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While the move has sparked discussions across the crypto community, it marks the latest in about a month-long streak of crypto sell-offs from the leading asset manager’s Ethereum ETF wallet.

While BlackRock has repeatedly pulled large amounts of its holdings to Coinbase since last month, the move comes as no major surprise. However, the crypto ecosystem is increasingly getting curious about the motive behind the rapid sell-off.

BlackRock maintains selling streak Although speculators had earlier assumed that BlackRock’s steady Bitcoin and Ethereum dump-offs were a response to the prolonged market downturn seen throughout November, BlackRock has not yet slowed down on the move despite the ongoing crypto market rally.

Over the last day, Ethereum has surged by over 7%, finally reclaiming its multi-week high of $3,100 amid the broad crypto market resurgence that has seen leading cryptocurrencies record high price gains in the last 24 hours.

Notably, the continued selling streak from BlackRock has further invalidated speculations that it has only embarked on the aggressive selling streak to hedge against the prolonged crypto market rally.

Contrary to the assumptions, the leading asset manager has accelerated its Bitcoin and Ethereum deposits even as crypto markets flip bullish again, instead of pausing after the sharp correction.

While the firm has yet to clear speculations regarding its consistent transfers, debates about whether the movements are a mere ETF rebalancing, profit-taking activities, or a broader strategic shift in sentiments have continued to linger.

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Author

Hongji Feng

Author

Hongji Feng

About Author

Hongji is a reporter who covers crypto, finance, and tech. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX,...

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Last updated: 

December 3, 2025

The market has moved out of extreme fear for the first time in days. The Crypto Fear and Greed Index now sits at 22 after spending most of last week between 10 and 17.

Bitcoin has climbed above $92,000 with a 5% gain over 24 hours, easing the pressure that defined recent trading. Sentiment is still fragile, but the rebound removes some of the strain that built during last week’s selloff.

This shift creates an environment where a few altcoins can advance even though the market has not fully recovered. DoubleZero, Sui, and Chainlink are among the strongest performers today, each rising on increased participation and renewed interest in specific themes.

Their moves sit in contrast to the wider market, where most assets remain cautious, and liquidity concentrates around established names.

Fear and Greed Index (Source: CoinMarketCap)

Sui: New Market Access Drives ActivitySUI is currently trading near $1.71 after rising 21% in the past 24 hours. The move comes after new access opened for New York-based users, which expanded available liquidity and increased inflows from regions that previously could not participate.

Spot data shows activity spread across large venues rather than pushed by a single impulse. The recent supply unlock of more than $80 million in tokens did not suppress demand, and today’s move indicates that the market has absorbed that event more comfortably than expected.

Chainlink: Utility Driven EngagementChainlink (LINK) is now trading around $14.5 after gaining 17% on the day. It remains one of the more liquid assets outside the largest layer ones, which often helps it perform when traders return to names with established use cases.

LINK Price (Source: CoinMarketCap)

Data feeds and Oracle integrations continue to anchor its role in various applications. This stability keeps LINK active during sessions where the market is still recovering from the aftereffects of fear.

DoubleZero: Rotation Into Mid CapsDoubleZero (2Z) is trading near $0.137 with a 25% gain in 24 hours. Market data points to rotation into mid-cap tokens after Bitcoin’s rebound. Depth across active pairs has increased, and volume sits above last week’s averages.

The project continues to benefit from attention around tokens linked to liquidity incentives and early-stage trading models. There is no single catalyst today, but sentiment toward smaller structured products has improved after last week’s panic selling.

Altcoin Season Still RestrictedEven with today’s gains, the current phase does not resemble a full altcoin season. The index remains in fear, rotation is selective, and liquidity concentrates around tokens that already have strong market structures or clear engagement routes.

Last week’s severe reading of 10 shaped expectations, and the move to 22 shows some recovery but not a return to risk-seeking behavior.

For now, the market rewards tokens with distinct use cases, firm liquidity, or new access events. The wider environment remains cautious, shaped by recent liquidations and mixed macro signals.

Altcoin season is still distant, but isolated pockets of strength show that the market is no longer locked in the extreme fear that dominated late November and early December.

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The latest update is here.

Ethereum (ETH +3.16%) is up 3.4% in the last 24 hours as of 1:54 p.m. ET on Wednesday. The move comes as the S&P 500 rose 0.4% and the Nasdaq Composite gained 0.2%.

Ethereum's Fusaka upgrade goes live today, the latest major update to the coin's network. In the past, similar overhauls have led to a rally.

Today's Change

(

3.16

%) $

95.50

Current Price

$

3115.01

Ethereum is getting an update today
The Fusaka update introduces several key improvements, including an increased gas limit that will expand transaction capacity. Critically, the upgrade refines how Ethereum interacts with layer-2 networks -- blockchains that work on top of the mainnet. Layer-2 solutions greatly enhance Ethereum's ability to scale efficiently, but Fusaka is designed to make these interactions even more cost-effective. That's key for Ethereum's continued dominance as the smart-contract blockchain of choice.

Image source: Getty Images.

The last major update was followed closely by a 30% rally. It seems traders are anticipating a similar move when Fusaka goes live.

Will Fusaka be enough?
While past updates were significant catalysts, Fusaka arrives at a very different time in the market. I'm not convinced it will be enough to turn Ethereum's months-long slide around. That being said, in the long run, I do think Ethereum is a solid addition to a more risk-tolerant portfolio.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ethereum. The Motley Fool has a disclosure policy.

Bitcoin's (CRYPTO: BTC) next move may depend on whether bullish forces can prevail or if buyers have exhausted their potential.

What Happened: According to a prominent market commentator, the five bullish drivers keeping Bitcoin's uptrend alive are:

Institutional Expansion: Vanguard, BlackRock and others continue widening access to crypto-linked products, deepening liquidity and credibility.
ETF Structural Demand: Spot Bitcoin ETFs remain a persistent inflow engine capable of rapidly reviving momentum.
Macro Tailwinds: Looming Fed rate cuts and looser policy into 2026 tilt macro conditions in Bitcoin's favour.
Post-Halving Scarcity: The 2024 supply halving remains a powerful multi-year catalyst.
Long-Term Adoption Curve: Analysts still model substantial upside, as high as +200%, as Bitcoin matures globally.
But major headwinds threaten the rally's durability:

Cycle Peak Risk: The traditional 4-year halving cycle may have already topped.
Technical Breakdown: A drop below the 50WMA points to weakening trend structure.
ETF Outflows: Rapid institutional withdrawals during volatility show how quickly sentiment can reverse.
Large Corrections: A 36% pullback from the $126,000 peak underscores ongoing fragility.
Slowing Exponential Growth: As Bitcoin scales, parabolic upside naturally compresses.
The bull case is alive — but increasingly fragile.

Institutional adoption, supply dynamics and macro shifts support continuation, yet cycle fatigue, technical weakness and ETF-driven volatility threaten to break the structure.

Bitcoin may still grind higher, but the era of effortless, vertical rallies is likely behind us.

Also Read: ‘We Are Not Bitcoin Traders, We’re Bitcoin Investors,’ Says Strategy CEO Fong Lee

What's Next: In another X post, CryptoSeth notes Bitcoin has been stuck in a tight $98,000–$120,000 band since May, with three separate fake-outs that flushed overleveraged longs and trapped aggressive bulls.

The capitulation wick to $80,000 delivered a historic long liquidation that left nearly everyone who bought since May underwater.

By sentiment and positioning, this already resembles a max pain environment: retail has capitulated, liquidity is thin, and participation is at cycle lows.

Regardless of the next move, Seth argues the psychological damage typical of major market resets has already been done.

Read Next:

Ex-SEC Chair Gary Gensler Warns Crypto Remains ‘Speculative, Volatile’
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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Happy Wednesday! Ethereum is set for its second major upgrade of the year, with Fusaka scheduled to activate at around 4:49 p.m. ET.

In today's newsletter, the UK passes a law officially recognizing crypto as property, Firelight launches an XRP staking protocol on Flare, shares in the Trump brothers' American Bitcoin plunge 40%, plus more.

Meanwhile, Elon Musk's X Money searches for a "payments platform" tech lead, and Solana is eager to help.

P.S. Don't forget to check out The Funding, a biweekly rundown of crypto VC trends. It's a great read — and just like The Daily, it's free to subscribe!

UK passes law officially recognizing crypto as third kind of property
The UK now legally recognizes digital assets as a third category of property after the Property (Digital Assets etc) Act 2025 received Royal Assent from King Charles III.

The reform, which passed both houses of Parliament without amendment, confirms that assets like bitcoin and stablecoins carry property rights distinct from physical objects or contractual claims.
"A third category of property now exists and it finally gives legal protection to the sats you hold," Bitcoin Policy UK CEO Susie Ward said.
The advocacy group's Chief Policy Officer, Freddie New, also welcomed the passage, calling it possibly "the biggest change in English property law" since the Middle Ages.
Blockchain industry trade association CryptoUK said codifying crypto as property strengthens legal pathways for proving ownership, recovering stolen assets, and handling insolvency or estate cases.
The change follows a 2023 recommendation from the Law Commission, and formalizes what UK courts had been doing through case-by-case judgments.

Firelight launches XRP staking protocol on Flare
Firelight Finance has launched an XRP staking protocol on Flare that issues stXRP, a liquid restaking-style token designed to power a DeFi insurance model once rewards are activated in the next rollout phase.

Users can bridge XRP via FAssets, deposit Flare wrapped XRP (FXRP), and mint stXRP today as a liquid receipt token, though rewards will only begin if DeFi protocols adopt Firelight's onchain insurance system and pay fees for coverage.
Firelight's design borrows from restaking concepts but changes how it's applied by focusing on XRP's lower cost of capital and targeting a single high-conviction use case: insurance cover for top-tier DeFi protocols, Chief Strategy Officer Connor Sullivan told The Block.
The team said it is in active talks with protocols to integrate the cover model, with fee revenue intended to flow to XRP stakers when full insurance functionality goes live in early 2026.

Trump brothers' American Bitcoin plunges after token lockup expires
American Bitcoin, the bitcoin mining and treasury firm co-founded by Eric Trump and Donald Trump Jr., saw its stock price sink nearly 40% on Tuesday as investors sold newly unlocked pre-merger private placement shares.

Eric Trump said the selloff was expected due to the lockup expiration, allowing early investors to cash in on their profits for the first time, but pledged to hold on to his own shares.
The company recently posted strong Q3 results and expanded its bitcoin treasury to roughly 4,090 BTC, yet the stock has still fallen 76.5% from its September peak.
ABTC's slump tracks a broader decline in crypto-linked equities, with analysts warning of additional share unlocks ahead in 2026.

IREN refuels balance sheet with $3.6 billion financing as AI-cloud buildout accelerates
IREN moved to overhaul its capital structure on Wednesday, lining up more than $1.6 billion in equity financing and pricing $2 billion in new convertible notes amid its AI-cloud expansion plans.

The company is using most of the equity proceeds to retire 2029 and 2030 convertibles, removing a major dilution overhang and replacing them with higher-premium notes due 2032 and 2033.
The refinancing follows recent concerns from JPMorgan, which projected IREN would need to spend over $9 billion in the next year to scale GPU capacity and data centers for its $9.7 billion Microsoft deal.
IREN shares traded around $43.95 on Wednesday, up 6.9% on the day and slightly above recent two-month lows, as investors digested the large but balance-sheet-strengthening financing package.

Binance appoints co-founder Yi He as new co-CEO alongside Richard Teng
Binance appointed co-founder Yi He as its new co-CEO alongside Richard Teng on Wednesday in the crypto exchange's biggest leadership shake-up since Changpeng "CZ" Zhao was forced to step down in 2023.

Yi He previously held the role of Chief Customer Service Officer at Binance and has been involved in the company's operations for over eight years since its formation in 2017.
Zhao publicly endorsed the move on X, saying Yi He should have led Binance from day one.
Yi He and Zhao have known each other since at least their OKCoin days, becoming both business and life partners and having children together.

In the next 24 hours

U.S. jobless claims figures are due at 8:30 a.m. ET on Thursday.
U.S. FOMC member Michelle Bowman will speak at 12 p.m.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT and reviewed and edited by our editorial team.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The cryptocurrency market witnessed a significant setback as Aster token struggled to breach the $1.10 resistance level, raising questions about the sustainability of its recent upward movement. The token’s inability to surpass this crucial price point has fueled speculation that the recent rally may be short-lived, serving as a potential warning for investors who might have anticipated a sustained upward trend.

As of early December 2025, Aster token’s price fluctuated around the $1.05 mark, with attempts to climb further being thwarted by a lack of strong buying interest. Analysts observe that the token’s recent price action resembles a pattern often referred to as a “dead-cat bounce,” where a temporary recovery is followed by a continuation of the downward trend. This pattern typically occurs when a token or asset experiences a brief recovery after a significant decline, only to resume its downward trajectory due to insufficient market support.

The resistance at $1.10 has been a critical psychological and technical barrier for Aster. Historically, breaking through such levels in the crypto market often requires substantial trading volume and investor interest. However, the recent surge in Aster token’s price did not seem to be accompanied by significant trading volumes, indicating that the rally might lack the momentum needed for a sustained upward push.

In recent weeks, Aster’s trading volume has not shown the robust increase typically needed to support a breakthrough of established resistance levels. Instead, trading activity has remained relatively muted, suggesting that the recent price gains were not underpinned by strong market fundamentals. This scenario has led some market watchers to caution against assuming that Aster’s price will continue to rise in the short term.

The current situation with Aster token is not uncommon in the volatile world of cryptocurrencies. Many digital currencies experience periods of rapid price appreciation followed by steep declines, often driven by speculative trading and market sentiment rather than intrinsic value changes. This volatility can present both opportunities and risks for investors seeking to capitalize on price fluctuations.

Adding to the complexity, external factors such as regulatory developments and macroeconomic conditions can significantly influence cryptocurrency prices. For instance, recent regulatory scrutiny over digital assets by international governments and organizations has heightened uncertainty in the market. Such developments can impact investor confidence, potentially exacerbating downward pressure on tokens like Aster.

Moreover, the broader crypto market has been navigating a challenging landscape, with some major cryptocurrencies struggling to maintain their value amidst external economic pressures. Bitcoin and Ethereum, for example, have faced their own bouts of volatility, reflecting broader investor sentiment that can impact smaller altcoins like Aster. The interconnected nature of the crypto market means that broader trends often trickle down to affect individual tokens.

Despite these challenges, some investors remain optimistic about Aster’s potential in the long run. The token is part of a larger ecosystem that offers various decentralized finance (DeFi) services, which continue to gain traction in the crypto space. If the underlying platform can demonstrate utility and garner user interest, it may help stabilize Aster’s price in the future.

However, potential investors should be aware of the inherent risks involved in dealing with volatile assets like Aster. The crypto market is notorious for its unpredictability, and while high rewards can be enticing, the potential for significant losses is equally real. This reality emphasizes the need for thorough research and a cautious approach when investing in such assets.

Adding context, the rise of cryptocurrencies has been meteoric over the past decade, evolving from niche assets to major components of the global financial landscape. In 2021, the total cryptocurrency market capitalization surpassed $2 trillion for the first time, driven by increasing mainstream adoption and institutional interest. This growth highlights the potential for significant returns, but it also underscores the volatility and risks associated with investing in this space.

One potential risk to Aster’s future performance is the ongoing development and competition within the DeFi sector. As more projects enter the space, they may offer similar or improved services, potentially drawing users and liquidity away from existing platforms like Aster. This competitive landscape requires projects to continually innovate and offer unique value propositions to remain relevant.

In conclusion, while Aster token’s struggle to surpass the $1.10 resistance level raises concerns about the sustainability of its recent price rally, it also underscores the broader dynamics at play in the cryptocurrency market. Investors should remain vigilant, armed with thorough research and an awareness of the risks associated with this volatile asset class. As the crypto market continues to evolve, the ability to adapt and respond to changing conditions will be crucial for both investors and projects alike.

Post Views: 3

Journalist

Posted: December 4, 2025

Whales increased their accumulation as more than 46M ENA flowed into a major address, including amounts linked to an older Coinbase withdrawal wallet. 

This steady buildup strengthened confidence, because whales often act early when structural shifts begin forming. 

The receiving wallet now controls over 451M ENA, which amplifies the scale of accumulation and signals strong long-term interest.

Ethena’s [ENA] 15% daily gain aligns with these inflows, reinforcing the idea that demand increases near this zone. 

However, traders still monitor whether whales continue adding as the price approaches higher resistance levels. For now, accumulation supports ENA’s early rebound attempt.

ENA breaks its downtrend
ENA finally broke above the descending channel that controlled its multi-week decline. The breakout formed directly within the demand zone, where buyers previously reacted with strength. 

Besides, this area blocked several lower lows and helped build a cleaner base for today’s rebound. 

The breakout now directs attention toward the $0.30 region, although buyers still need stronger confirmation to secure continuation.

RSI trended upward near 45, and signaled improving momentum through a steady curve. 

However, traders remained cautious because failed breakouts often return to the channel. Still, ENA maintained constructive structure as long as it held above the demand zone.

Source: TradingView

Traders increase conviction
Open Interest increased 16.82% to reach $381M, signaling expanding participation and stronger conviction among derivatives traders. 

Rising OI often reflects confidence because traders increase position sizes instead of closing exposure. Besides, this expansion aligns with ENA’s breakout, suggesting growing interest in directional momentum. 

The Open Interest growth usually strengthens volatility, especially when price sits near a major structure like the demand zone. 

Traders still watch for signs of excessive long exposure, since that can create unstable conditions during sharp corrections. 

However, current levels look healthy. Consequently, the rise in OI supports ENA’s recovery narrative and improves short-term sentiment.

Top traders now lean heavily toward long positions
Top-trader data on Binance showed that 69.72% traders were long at press time, compared to 30.28% short accounts, forming a 2.30 Long/Short Ratio. 

This positioning shift demonstrates clear bullish interest among high-volume traders, who often react early during structural reversals. Their growing long exposure reinforces confidence around the demand zone. 

Traders pay attention to this group because they frequently identify changing momentum before retail participants. 

However, sentiment can shift quickly if ENA loses support near $0.27. Even so, the current long bias provides a strong backdrop for continuation as momentum builds.

Conclusively, ENA benefits from synchronized whale accumulation, a clean breakout from the descending channel, stronger Open Interest, and a decisive long-side tilt among top traders. 

These elements support a constructive short-term outlook. Therefore, ENA can maintain upward pressure if buyers defend the breakout region and whales continue absorbing supply.

Final Thoughts

Whale accumulation, a demand-zone rebound, and the breakout from the descending channel drive initial momentum.
Rising Open Interest and a strong long-side tilt among top traders strengthen the bullish structure.

Sui (SUI) is drawing renewed market attention after staging one of its strongest breakouts in months, rising sharply at a time when most large-cap altcoins remain range-bound.

The latest 31% surge was triggered by a series of developments that converged within days, most notably Coinbase’s approval to offer SUI trading to New York residents, a move that places the token inside one of the most heavily regulated crypto markets in the U.S.

The rally also arrived immediately after one of the largest token unlocks of the month, an event that would normally dampen prices but instead saw buyers step in with force.

SUI's price trends to the upside following a steep decline as seen on the daily chart. Source: SUIUSD on Tradingview
New York Listing Boosts Liquidity and Institutional Demand
SUI surged between 25% and 32% over the past 24 hours after Coinbase confirmed that New York residents can now buy and trade the token across its web and mobile platforms.

The approval extends SUI’s reach into one of the most tightly regulated U.S. markets, strengthening its profile as a compliant layer-1 network and increasing accessibility for institutional investors.

The listing comes at a notable time. On December 1, SUI unlocked approximately $82–86 million worth of tokens, increasing circulating supply by more than 0.5%. Large unlocks typically pressure prices, but SUI moved higher instead, signaling strong demand absorption.

Trading volume has more than doubled, hitting roughly $1.5 billion, levels analysts say indicate genuine accumulation rather than short-lived speculation.

The launch of USDsui, a fiat-backed stablecoin designed for payments and DeFi use across the Sui ecosystem, also contributed to renewed interest. Combined with Coinbase’s expansion, these developments have strengthened confidence in Sui’s broader market positioning.

SUI Technical Indicators Point to Momentum Shift
Price action shows that SUI recently rebounded from November’s lows near $1.12, climbing above the $1.60 support zone.

Indicators such as RSI and MACD now suggest easing selling pressure and a potential shift in short-term momentum. Analysts note that breaking above the mid-Bollinger Band near $1.90 would confirm a broader trend reversal.

SUI has also moved above the Keltner mid-band for the first time in weeks, with volume delta readings showing strong spot-market buying.

The next major resistance sits between $1.80 and $1.95, followed by a wider zone extending to $2.30. A decisive close above $1.92 is viewed as critical for invalidating November’s downtrend.

Rally Depends on Volume Holding
Market watchers say the current rally hinges on sustained demand. If daily volume remains above $1.5 billion and price holds the $1.60–$1.67 support zone, institutional participation could continue to push the token higher toward the $1.90 level.

However, weakening volume or a drop below $1.48 may signal that SUI has formed a local top. For now, sentiment remains constructive as the token benefits from increased U.S. accessibility, improving technical signals, and expanding ecosystem activity.

Cover image from ChatGPT, SUIUSD chart from Tradingview

Ethereum (CRYPTO: ETH) surged 5% on Wednesday, while XRP (CRYPTO: XRP) stayed locked inside a tightening range that traders say is setting up for a binary move.

Ethereum Extends Recovery After Reclaiming Key Levels

ETH Price Action (Source: TradingView)

Ethereum trades near $3,110 after a strong rebound from the recent lows around $2,620. 

The move marks one of its sharpest recoveries since November began. 

Buyers turned more aggressive after price reclaimed the $3,016 Fibonacci 0.382 level, which improved short-term sentiment.

The rally carried ETH into a liquidity zone between $3,100 and $3,140, a region that has rejected several attempts in the past month. 

The broader trend still faces pressure from overhead resistance. 

The first major test sits near $3,205, where the 200-day EMA aligns with a key retracement zone from last month's breakdown.

A breakout above $3,205 may open a path toward $3,350 and later $3,660, the level where the previous selloff accelerated. 

A failure at that level would weaken momentum and send ETH back under $3,016, turning the move into a short-term relief rally rather than a trend reversal.

Momentum And Flows Support Ethereum's Upside

ETH Netflows (Source: Coinglass)

RSI on the 4-hour chart sits near 67, showing firm buying pressure without entering extreme conditions. 

According to Coinglass, Ethereum saw about $62 million in net inflows on December 3, ending a long stretch of heavy outflow days that repeatedly disrupted rallies.

If inflows continue, bulls may sustain momentum through mid-December. 

A move back under $2,978 would weaken the structure and shift the market into defense. 

For now, sentiment is improving as traders show more willingness to accumulate rather than sell into weakness.

XRP Holds Its Range As Traders Wait For A Clear Break

Price Prediction of XRP as of December 3rd (Source: TradingView)

XRP price remains trapped inside a large triangle pattern that has tightened over recent weeks. 

Price continues forming higher lows, but sellers defend the falling trendline near $2.28 to $2.30.

The lower boundary near $2.00 continues to attract buyers, preventing deeper losses and acting as the primary support zone. 

Until XRP clears the downtrend line, every upside move remains a bounce instead of a true reversal. 

A confirmed breakout above $2.30 may push price toward $2.41 and later $2.58, two levels that capped previous rallies.

Indicators such as the Supertrend and Parabolic SAR are beginning to tilt positive, signaling early signs of momentum. 

The pattern still requires a decisive move to confirm direction. 

A failure at resistance could draw the price back toward $2.05 and possibly $2.00. 

Read Next:

Anthony Scaramucci Says Solana Will Become The Tokenization Industry Standard
Image: Shutterstock

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Stellar Lumens News

Stellar Trading Volume Climbs as XLM Price Takes Unexpected Turn

TL;DR Stellar (XLM) trading volume increased by 37% to $227.7 million in the last 24 hours, coinciding with a price rebound. Despite the 5.46% rally

flash news

Binance appoints co-founder Yi He as co-CEO alongside Richard Teng

Binance announced today the appointment of its co-founder Yi He as co-CEO, formally elevating her to a shared leadership role alongside current chief executive Richard

CryptoCurrency News

Binance Blockchain Week 2025: Execs From Ripple, Solana, and Binance Analyze Market Trends

TL;DR: Bitcoin rebounded 8% to nearly $90,000 amid $20B leverage wipeouts. Stablecoins surged 50%, attracting institutional adoption and corporate interest. Solana’s infrastructure push and regulatory

CryptoCurrency News

Crypto Market Rally: BTC Peaks While Select Altcoins Deliver Double‑Digit Returns

TL;DR Bitcoin surged $10,000 to reach $94,000, its highest price in the last two weeks. Ethereum surpassed $3,000, while SUI led the rally with an

Bitcoin (BTC) gained 5.81% on Tuesday, its biggest daily return since May 8. As the rally unfolded, a bullish engulfing pattern formed, marking the first significant structural shift on the daily chart in the fourth quarter. Traders now wonder if there is an increased chance for a sustained recovery over the coming day.

Bitcoin one-day chart. Source: Cointelegraph/TradingViewKey takeaways:

Bitcoin printed a bullish engulfing candle with its strongest daily gain since May, signaling early trend expansion.

A daily close above $96,000 is required for full bullish confirmation.

Buy-side trading surged to its highest reading of the entire bull market as the Coinbase Premium flipped positive.

Bitcoin structure improves, but major confirmation lies above $96,000BTC’s rally on Tuesday established a clear higher high and higher low pattern following Monday’s liquidity sweep below $84,000, implying that sellers are losing momentum. The breakout was supported by strong volume, signaling demand rather than a stop-loss hunt-driven move. 

High-volume breakouts tend to produce cleaner follow-through because they reflect aggressive participation from directional buyers, not just passive market makers.

Bitcoin four-hour chart. Source: Cointelegraph/TradingViewA bullish break of structure (BOS) above $92,300 is now forming. A confirmed BOS would shift the short-term trend decisively upward, even if BTC momentarily revisits the fair value gap (FVG) between $90,000 and $88,000 while continuing to grind higher.

The daily chart still lacks full conviction until Bitcoin closes above $96,000. This level is critical because it represents a BOS on the higher time frame. Clearing it would confirm a complete shift in trend structure, not just a relief bounce.

Once $96,000 is reclaimed on a daily closing basis, BTC’s immediate target zone expands toward $102,000–$107,000, where a large cluster of external liquidity remains. This range encompasses previous swing highs, unmitigated stop-loss pockets, and liquidity from breakout traders waiting above prior resistance levels.

In market structure terms, these areas can act like magnets; once a decisive breakout clears the final barrier, in this case, the $96,000 level. 

Aggressive buy-side flow and improving premium support the recoveryData from CryptoQuant indicated that the market buy-to-sell ratio spiked to 1.17, the strongest reading since the cycle began in January 2023. Such aggressive buy-side dominance typically appears early in expansion phases when structural flows accelerate.

Bitcoin Taker Buy Sell ratio. Source: CryptoQuantMeanwhile, the Coinbase Premium Index shifted to a positive value of +0.03 after weeks of US selling pressure. Positive premium readings historically signal renewed institutional investor demand. Binance spot and perpetual volumes are also rising in parallel, and the price gap between Binance and Coinbase has tightened, reflecting healthier global liquidity.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

TL;DR

Bitcoin derivatives markets are showing signs of stabilization after late-November liquidations, with futures open interest at 646,840 BTC valued at $59.74 billion.
Options traders maintain a bullish tilt, as calls represent roughly 64% of open interest and concentrate near $100,000 strikes.
Max pain levels across major exchanges hover in the upper-$80,000s to low-$90,000s, keeping bitcoin’s price action in a defined range.

Bitcoin traded at $91,892 on Wednesday after briefly touching $93,928 earlier in the morning. Futures markets are beginning to rebuild following the heavy unwind that dominated late November. According to coinglass.com, aggregate futures open interest stands at 646,840 BTC, valued at $59.74 billion. While hourly movements are modest, the 24-hour change shows a +2.07% rise, indicating traders are cautiously re-entering the market rather than exiting.

Bitcoin Derivatives Show Signs Of Recovery
CME leads with 124,480 BTC in open interest and a 19.24% market share, followed closely by Binance with 121,460 BTC and 18.78%. Bybit recorded a notable daily rebound with a 4% increase in open interest, while mid-tier platforms such as Kucoin and Gate also saw meaningful inflows. After weeks of consistent drains, the futures chart now stabilizes near the $60 billion level, signaling a shift from defensive positioning.

Options Market Activity Highlights Bitcoin’s $100K Ambition
Options data paints a more bullish picture. Calls account for 345,484 BTC, while puts sit at 192,957 BTC, giving calls roughly 64% of total open interest. On Deribit, December 26 expiries dominate activity, with strike prices concentrated between $100,000 and $118,000. Traders continue to bet on higher levels despite bitcoin trading below six figures, reflecting sustained confidence in a year-end rebound.

Put demand exists near $85,000, but it is outweighed by larger capital committed to upward positions. Max pain levels on Deribit, Binance, and OKX all fall in the upper-$80,000s to low-$90,000s, placing bitcoin’s current price of $92,295 near the center of this range. Max pain does not dictate direction but tends to create a balanced, indecisive price zone as market participants approach expiries.

Spot Market Supports Cautious Optimism
Bitcoin has recovered from last week’s $80,537 low, printing steady upward candles. Volume remains mixed, showing the market is still evaluating its next move. Futures open interest stabilization, bullish options positioning, and max pain alignment indicate a market shifting from defensive behavior to measured engagement. If exposure continues at this pace, December could see more directional moves while bitcoin maintains relative stability for now.

TLDR:

Circle brings native USDC and CCTP to Starknet with six launch partners including Avnu and Ekubo
Starknet joins 30 blockchains supporting native USDC with secure transfers across 19 via CCTP protocol
Bridged USDC.e remains operational while teams migrate liquidity to Circle’s native implementation
Enterprise features include Circle Mint access and regulated infrastructure for institutional settlement

Circle has launched native USDC and its Cross-Chain Transfer Protocol on Starknet. The integration makes the world’s largest regulated stablecoin available across 30 blockchains. 

Starknet developers can now access institutional-grade settlement infrastructure for trading and payments. Six applications went live on day one with full USDC support.

Starknet Gains Access to Regulated Stablecoin Infrastructure
The zk-rollup network now supports USDC through Circle’s native implementation rather than bridged tokens. 

Starknet uses STARK proofs to scale Ethereum while maintaining security. The network hosts over 125 applications across DeFi, gaming, and payment sectors.

Circle’s announcement confirms the stablecoin remains fully reserved and redeemable one-to-one for US dollars. Eligible institutional users can access Circle Mint for on and off-ramp services. The integration positions Starknet as a hub for Bitcoin financial activation with native BTC staking capabilities.

CCTP enables developers to move USDC between Starknet and 18 other supported blockchains. The protocol maintains one-to-one capital efficiency without relying on traditional bridge mechanics. Users can transfer funds securely while maintaining full token value across chains.

Applications like Avnu, Ekubo, and Vesu now process USDC for spot and perpetual trading. 

The stablecoin provides collateral backing and enables round-the-clock settlement on decentralized exchanges. Market makers gain access to enterprise-level infrastructure for liquidity provision.

USDC and CCTP are now live on @Starknet!

Developers, DeFi users, and market makers on Starknet can now access the world’s largest regulated stablecoin for a range of use cases:

→ DeFi trading: Power spot and perpetuals trading with collateral and 24/7 settlement on DEXs
→… pic.twitter.com/o2mun9B5jI

— Circle (@circle) December 3, 2025

Day One Partners Build Crosschain Payment Solutions
Six platforms integrated USDC at launch including Braavos wallet and Ready payments. Gaming applications can now build in-game economies backed by regulated digital dollars. Xverse joined the initial deployment to power global peer-to-peer transactions.

The network previously supported bridged USDC from Ethereum through StarkGate. Circle confirmed this version will remain available as USDC.e during the migration period. Block explorers and application interfaces will clearly label the bridged version.

Starknet teams plan to gradually shift liquidity from bridged tokens to native USDC. Existing bridge infrastructure will continue operating without immediate changes. The transition aims to consolidate stablecoin usage under Circle’s native standard.

CCTP functionality supports seamless onboarding, token swaps, and treasury management across chains. Developers can build applications that leverage multiple blockchain ecosystems simultaneously. The protocol reduces fragmentation by standardizing USDC transfers across supported networks.

TLDR

Table of Contents

TLDRU.S. Debt and Economic Weakness Fuel Crypto AdoptionTokenization and Stablecoins: The Bridge Between Traditional Finance and CryptoAI Growth Benefits Bitcoin Miners and Creates New Opportunities

BlackRock forecasts U.S. federal debt to exceed $38 trillion, fueling economic instability and institutional interest in Bitcoin.
Traditional financial hedges are losing appeal, prompting institutions to explore cryptocurrencies as alternative investments.
Tokenization is seen as the next phase in financial markets, with potential to transform private credit and asset management.
Stablecoins are becoming vital tools, bridging traditional finance and digital assets for smoother integration.
The growing demand for AI is benefiting Bitcoin miners, with mining infrastructure becoming more valuable as AI needs increase.

BlackRock, the world’s largest asset manager, released a report outlining a future where cryptocurrencies play a key role in institutional portfolios. The report points to rising U.S. government debt and economic fragility as catalysts for increased adoption of digital assets like Bitcoin. BlackRock believes traditional financial assets, such as U.S. Treasuries, are losing their appeal as safe-haven investments.

U.S. Debt and Economic Weakness Fuel Crypto Adoption
A deep dive confirms that BlackRock forecasts that U.S. federal debt will exceed $38 trillion in the coming years. This increase in debt will create vulnerabilities in the financial system, particularly regarding bond yields. The firm sees these vulnerabilities as a catalyst for higher institutional interest in cryptocurrencies like Bitcoin. “The failure of traditional financial hedges will encourage institutions to turn to digital assets,” the report states.

The rise in government borrowing could result in bond yield spikes, leading to fiscal instability. BlackRock emphasizes that AI-driven leverage could exacerbate this problem. As the financial system becomes more fragile, investors will likely seek alternative assets to protect their wealth.

The report suggests that Bitcoin, along with other digital assets, will play a crucial role in this shift. The asset manager predicts that the rise in institutional investment in cryptocurrencies will push Bitcoin prices to new highs. BlackRock’s allocation of $100 billion in Bitcoin ETF investments shows their commitment to this emerging market.

Tokenization and Stablecoins: The Bridge Between Traditional Finance and Crypto
BlackRock also mentions the growing importance of tokenization and stablecoins in the future financial system. Tokenization is seen as the next generation of financial markets, capable of handling private credit and asset management. CEO Larry Fink has called tokenization a vital part of the evolving financial space.

The report stresses that stablecoins, which are digital assets pegged to real-world assets, are no longer niche. These assets are increasingly becoming a bridge between traditional finance and the digital economy. Samara Cohen, BlackRock’s global head of market development, emphasized that stablecoins play a critical role in linking both financial worlds.

BlackRock believes that the growing adoption of stablecoins will help digital assets integrate more smoothly with traditional financial systems. This integration could make digital currencies a reliable alternative to traditional currencies in everyday transactions. Stablecoins could be the cornerstone of a more decentralized and tokenized financial world.

AI Growth Benefits Bitcoin Miners and Creates New Opportunities
BlackRock’s report also touches on how the demand for artificial intelligence (AI) is benefiting Bitcoin miners. As AI continues to expand, the need for high-performance computing power grows. This increase in demand has made Bitcoin mining infrastructure more valuable, as miners can lease their resources to AI companies.

The report notes that AI data centers could require up to 20% of U.S. electricity by 2030. Publicly traded mining firms are already reporting higher revenue from leasing their infrastructure to AI firms. These developments show how the growth of AI is creating new opportunities in the cryptocurrency space.

As AI continues to evolve, Bitcoin miners stand to benefit from the increasing demand for computing power. The report highlights that Bitcoin mining could be more profitable due to the expanding need for energy-intensive technologies. This trend reinforces the growing connection between AI development and crypto.

Ripple CEO Brad Garlinghouse shared a bullish outlook for the future of crypto during a panel discussion at Binance Blockchain Week, saying he has not felt this positive in years despite the recent market slowdown. 

When asked why the crypto market has slipped back into a bear phase, Garlinghouse said the industry naturally moves in cycles. He explained that during “risk-on” periods investors get excited, but the current “risk-off” environment has brought uncertainty back into the market.

Garlinghouse said the pullback should not distract from the bigger picture. He says several major macro trends are now creating strong tailwinds for the entire industry as we head toward 2026. 

Why Garlinghouse Is More Optimistic Than EverOne of the biggest shifts, he said, is the sudden change in attitude from the United States. The US makes up 22% of global GDP and was openly hostile to crypto for years, but regulators have recently moved toward clearer and more supportive rules. He said this change is happening faster than many expected, although large institutions are still catching up.

Institutional Giants Are Finally Joining InGarlinghouse pointed out that more traditional giants are stepping into the sector. He pointed out appearances from Franklin Templeton and BlackRock at the event and said even Vanguard, which once publicly refused to touch crypto, has now made a major reversal in its stance. He called this an important sign of growing institutional confidence.

“It’s no longer just speculation. We’re finally seeing crypto solve real-world problems, and that’s what supports long-term growth,” he said.

Looking ahead, Garlinghouse said the next phase of growth will come from real-world use cases rather than speculation. He says crypto platforms are becoming easier to use, and more applications are being built to solve real problems in payments, finance and everyday life.

According to him, this shift toward practical adoption will help support a stronger and more sustainable bull market over the next two years.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Chainlink price continued its strong rebound as market participants cheered the recent LINK ETF launch and the strong inflows. 

Summary

Chainlink price has rallied by 25% from its lowest level this month.
The recently launched LINK ETF has accumulated over $41 million in inflows.
Technical analysis suggests that the token has more upside to go.

Chainlink (LINK) token rose by 7% today, Dec. 3, reaching a high of $14.50, its highest level since Nov. 14. It has soared by over 25% from its lowest level this month.

LINK token soared as Grayscale’s GLNK ETF attracted over $41 million in inflows on the first day. This is a significant number considering that the Canary Hedera ETF has attracted $82 million in inflows since its approval in October. 

~$41,500,000 in Day 1 inflows for @Grayscale Chainlink Trust ETF $GLNK, the first of its kind

A clear signal of broader market demand for @Chainlink exposure

This is only the beginning. More to come.

— Peter Mintzberg (@PeterMintzberg) December 3, 2025

Similarly, the spot Litecoin ETF has had $7.67 million in inflows, while the two Dogecoin funds have achieved $2.68 million. This growth is likely because Chainlink is one of the most important players in the cryptocurrency industry.

Chainlink provides oracles to the largest DeFi networks, such as Compound and Aave. Its total value secured in DeFi is nearly $60 billion, giving it a market share of over 70%. 

It is also a big name in the fast-growing real-world asset tokenization industry, where it is used by companies like JPMorgan, Janus Henderson, and Swift. 

LINK’s price also soared as exchange supply tumbled to its lowest level in months. It has dropped by 28% in the last six months to 217.7 million tokens, a sign of increased accumulation. Whale holdings have risen by 15% in this period to 2.92 million LINK tokens. 

Chainlink price technical analysis points to a jump to $20
LINK price chart | Source: crypto.news
The daily chart shows that the LINK token price has rebounded in the past two days. This rebound occurred after the token formed a double bottom at $11.56 and a neckline at $13.5.

Chainlink’s price has also formed a large falling wedge pattern, composed of two descending, converging trendlines. It has already moved above the upper side of this pattern, while the Average Directional Index remains at 32, a sign that the momentum is strong.

Therefore, a move above the $15 resistance will confirm the bullish outlook and point to further gains, potentially to the psychological $20 level. The bullish LINK price forecast will become invalid if it drops below the double-bottom point at $11.50.

Polymarket, the crypto-based prediction market platform, has officially launched a U.S.-focused app following approval from the Commodity Futures Trading Commission (CFTC). 

The move lifts nearly four years of restrictions preventing American users from participating in its blockchain-powered prediction markets.

Initially available in the App Store under the sports category, the app allows U.S. users to place bets on sports events, with plans to expand into other markets including proposition bets and election wagers. 

The app is opening access gradually, inviting users from a previously established waitlist, though not all applicants have received invitations yet.

Polymarket bypassed the traditional, multi-year CFTC registration process by acquiring QCEX, an already-registered platform, for $112 million in July. 

The company received a no-action letter from the CFTC in September, allowing it to resume operations legally in the U.S. after its 2022 settlement over unregistered event contracts.

Polymarket’s CFTC approval
In November, Polymarket secured an Amended Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to operate as an intermediated trading platform under the full set of federal rules for U.S. exchanges. 

The approval enabled the platform to onboard brokerages and customers directly, allowing users to trade through futures commission merchants (FCMs) and access traditional custody, reporting, and market infrastructure.

To comply with the CFTC’s requirements, Polymarket upgraded its systems, introducing enhanced market surveillance, supervision policies, clearing procedures, and Part 16 regulatory reporting. 

The platform remains fully subject to the Commodity Exchange Act and other CFTC regulations, including self-regulatory obligations.

The platform had been barred from operating in the U.S. in 2022 after offering unregistered derivatives contracts. Its return followed the acquisition of QCEX, a regulated contract market and clearinghouse, for $112 million, which enabled the company to bypass a lengthy registration process.

 Earlier this year, the platform also introduced support for direct bitcoin deposits, allowing users to fund accounts with BTC alongside stablecoins like USDC and USDT.

The platform has attracted significant investor interest. In November, reports indicated that Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is considering a $2 billion investment that could value Polymarket between $8 billion and $10 billion. 

Earlier funding discussions reportedly placed the company’s valuation at $12–15 billion. Investors also include 1789 Capital, backed by Donald Trump Jr.

Polymarket’s competitors, such as Kalshi, are also expanding, with Kalshi recently Kalshi raising $1 billion at a $11 billion valuation, doubling value in under two months

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

DeFi capabilities finally meet demand: XRP staking hits a $30 million TVL in just 90 minutes since inception.

Market Sentiment:

Bullish

Bearish

Neutral

Published:
December 3, 2025 │ 5:03 PM GMT

Created by Gabor Kovacs from DailyCoin

Firelight Finance has just brought something the XRP Army had longed for – Ripple’s native XRP coins have lacked staking ability. Now, a liquid staking token known as stXRP is coming to solve this long-term issue.

Highly-Awaited XRP’s Liquid Staking Arrives On FlareThis is done via the new liquid staking protocol on Flare (FLR), focused on staking rewards based on a unique decentralized finance (DeFi) insurance model. The new model is rolled out in a couple of phases, erasing the high cost of re-staking frameworks. Sentora makes this happen as the main technical contributor & Firelight incubator.

According to Firelight’s Chief Security Officer (CSO) Connor Sullivan, the new staking project aims to claim unchartered territory in DeFi use cases beyond Ethereum (ETH). “We focus on assets with a structurally lower cost of capital, like XRP, instead of trying to outcompete ETH DeFi yields”, – explained Mr. Sullivan in a press release.

How Firelight’s Red-Hot Staking Mechanism WorksThe FAssets system on Flare (FLR) is used to bridge Ripple (XRP) coins. In order to make use of the liquid staking opportunity, Web3 enthusiasts deposit FXRP, the wrapped version of XRP on Flare’s network. This is then accordingly traded to stXRP at a 1:1 rate, enabling crypto investors to gain yield across multiple staking plans at the same time.

Firelight Finance’s XRP staking rewards will go live during Phase 2, which is planned for an early 2026 release. That’s if the qualified DeFi protocols adopt the new DeFi insurance model & pay the coverage fees. For now, the adoption rates are skyrocketing – the XRP staking protocol inked 14M FXRP tokens being staked in just 90 minutes into launch.

In Firelight’s case, the stXRP token functions as a liquid receipt for the user’s funds to be available across the whole Flare ecosystem, including liquidity pools (LPs), decentralized exchanges (DEXs) & lending protocols, maximizing the customer’s yield.

On The Flipside
Investors from the United Kingdom (UK) & European Union (EU) are massively reporting location bans from accessing the XRP staking ecosystem on Flare.
Why This MattersThe new staking mechanism solves two key issues: DeFi protocols get an extra insurance layer against hacks & scams, while Web3 enthusiasts are able to profit from several staking contracts at once.

Stay in the loop with DailyCoin’s top crypto news:
Kalshi Moves to Primetime: Lands $1B Funding and CNN Partnership
BTC’s Savior Or Doom? Cramer Shows Where It Won’t Crack

People Also Ask:What is Firelight?

A new protocol on Flare that lets you stake XRP and still use it in DeFi.

How does liquid staking work?

You deposit FXRP (Flare-wrapped XRP) → get stXRP back → stXRP earns yield + stays tradable/lendable.

What’s the point of this mechanism?

Turns idle XRP coins into yield-generating collateral without locking it up.

Who built it?

Sentora (Ripple-backed blockchain firm). Besides, they’re fully integrated with Flare.

Is it safe?

Audited, uses Flare’s proven FTSO and staking system, over-collateralized insurance pool coming soon.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Aster token price fails to reclaim the $1.10 point of control, triggering a rejection that raises concerns the recent rally was a dead-cat bounce lacking meaningful bullish volume.

Summary

Failure to reclaim $1.10 confirms strong resistance and bearish momentum.
Weak bullish volume undermines the sustainability of the latest rally.
Downside continuation toward the $0.92 high-time-frame support appears likely.

Aster (ASTER) token price is entering a fragile phase after failing to reclaim the $1.10 point of control, a major resistance zone within its current trading range. The rejection from this level has shifted momentum back in favor of sellers and cast doubt on the strength of the asset’s recent rally.

With bullish volume thinning out and market structure still leaning bearish, Aster now faces an elevated risk of a deeper corrective move as traders monitor whether the broader downtrend will resume.

Aster token price key technical points

Aster rejects the $1.10 point of control, confirming heavy resistance.
Weak bullish volume suggests the recent upswing may have been a dead-cat bounce.
Downside targets include the high-time-frame support zone at $0.92.

ASTER (6H) Chart, Source: TradingView
Aster’s latest rally initially appeared promising, but the underlying data shows it lacked the critical element needed for continuation: sustained bullish volume. Without strong participation from buyers, rallies into significant resistance tend to fade quickly.

This is precisely what occurred when price attempted to reclaim the $1.10 point of control. Instead of breaking above it, Aster encountered immediate selling pressure, leading to a sharp rejection.

The point of control represents the highest volume node within Aster’s entire trading range, making it a crucial pivot level. Historically, price has responded strongly to this area, either launching bullish expansions when it is reclaimed or triggering heavy sell-offs when it is rejected.

The latest reaction mirrors previous bearish retests in which Aster failed to rise above the point of control, followed by a sizeable downward move. This historical pattern increases the likelihood that a similar move may unfold again.

If this scenario repeats, the price may rotate lower toward the next high-time-frame support near $0.92. This level has acted as a key structural base during earlier declines and remains an important reference point for traders.

With the market still printing lower lows and lower highs, the path of least resistance appears to favor a continuation to the downside. Some traders have even begun questioning whether Changpeng Zhao is attempting a Musk-style move with Aster, although such speculation has not affected the immediate technical outlook.

The setup aligns with the characteristics of a dead-cat bounce. A dead-cat bounce occurs when price temporarily rises due to short-term buying or short covering, only to quickly reject and resume the broader bearish trend.

Aster’s rally showed impulsiveness, but the absence of substantial volume made it unsustainable. As soon as the price hit the point of control, the market rejected sharply, grinding the rally to a halt and bringing the price back into the heart of the downtrend.

Additionally, Aster now faces a bearish order block directly below the $1.10 resistance. The most recent test of this zone resulted in an immediate rejection, reinforcing its strength. This comes as on-chain analysis has already debunked the $35 million Aster transfer allegation against Changpeng Zhao, showing that recent market weakness is technical rather than news-driven. A second test may yield another rejection, further validating the bearish bias and supporting the idea that sellers are regaining complete control.

What to expect in the coming price action
As long as Aster remains below the $1.10 point of control, bearish continuation is the most likely scenario. The $0.92 support stands as the next logical downside target unless a convincing surge in bullish volume allows the market to reclaim resistance and shift momentum.

While the broader crypto market has moved into the green zone, Pi Network is facing downward pressure, with Pi coin trading around $0.2297, down more than 2% in 24 hours. The token failed to hold above the important $0.25 resistance, which also aligned with the 0.618 Fibonacci level.

Pi’s market cap has slipped to $1.91 billion, and trading volume has dipped more than 16%.

Experts Say Pi Network Is Moving Too SlowlyCrypto commentator Dr. Altcoin recently said that Pi Network continues to behave like a “Sleeping Giant” because progress from the core team remains slow. He pointed out that Protocol 23 is still stuck in the testnet phase.

“Protocol 23 remains stuck in the testnet phase, and at this rate, major updates like the PiDEX upgrade are unlikely to be realised before Q2/Q3 2026,” Dr Altcoin wrote.

New Partnership Offers a Bright SpotDespite internal delays, Pi Network has announced a strategic partnership with CiDi Games, a developer focused on Web3 gaming. The deal includes an investment from Pi Network Ventures, which has now made its second major funding move after backing the AI robotics firm OpenMind AGI.

The partnership will  bring more real-world applications into the Pi ecosystem, especially in gaming and user engagement.

Why Some Supporters Still Believe in PiNot everyone is discouraged. One Pi community commentator argued that Pi Network is actually solving the real problems the crypto industry faces today. The wider market expected prices to surge once ETFs launched, regulations improved and institutions like Wall Street entered the space. But this cycle proved otherwise.

According to them, the market is now realizing a hard truth that crypto valuations are disconnected from reality. Most blockchains have big narratives but no real users. Pi Network is the opposite. It has real users, real needs and real usage.”

The commentator said that this makes Pi one of the most undervalued and misunderstood projects in the industry.

The Road AheadFor now, Pi Network faces a mix of pressure and potential. Price weakness and slow development continue to weigh on sentiment, but growing partnerships and strong user activity still give supporters hope that the “Sleeping Giant” may eventually wake up.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Experts say the shrinking Binance BTC reserves reflect rising self-custody and ETF demand, not market weakness.

The amount of Bitcoin (BTC) held on Binance, the world’s largest cryptocurrency exchange, has fallen to its lowest point in years.

Despite the drop, analysts argue that the trend is a reflection of growing confidence, strengthening demand from institutions, and a tightening supply backdrop that historically supports higher prices.

Self-Custody, ETF Demand, and Derivatives Cleanup Shape the Trend
According to XWIN Research Japan, the ongoing drain in Binance’s BTC reserves is not the warning sign it might appear to be at first glance. Instead, it means that long-term investors are shifting their assets into private wallets, which typically happens during confident market phases when large holders prepare to sit tight rather than sell.

At the same time, capital is flowing into U.S. spot Bitcoin ETFs from firms such as BlackRock and Fidelity, with custodians holding these assets off-exchange. With ETF balances climbing and liquidity shifting toward institutional platforms, centralized exchanges naturally see fewer BTC in their wallets.

XWIN analysts wrote that this realignment is the mark of a maturing market structure rather than weakness. Recent turbulence in derivatives markets has also played a part in the dwindling reserves. The late-November slump triggered heavy liquidations across Asia-based traders, shrinking margin deposits and reducing the BTC held on Binance.

A recent change of fortune in the asset’s valuation also had a similar effect, when more than $300 million in Bitcoin shorts were wiped out on December 2 as the premier cryptocurrency bounced back above $91,000. That spike in liquidations came just a day after the asset plunged below $85,000, exaggerating flows in and out of exchanges.

Meanwhile, some users are also redistributing funds as Binance rolls out new compliance measures around the world, with XWIN claiming that while this shift has contributed to lower reserves, it merely reflects structural adjustments rather than an exodus prompted by fear.

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XWIN is not alone in its upbeat outlook. Another market analytics outfit, Arab Chain, has pointed to additional signs from U.S. markets, which it says suggest the setup may be healthier than the recent volatility implies. The firm highlighted a positive reading on the Coinbase Premium Index, which is now at +0.03, after a month of persistent selling by U.S. investors.

Historically, a higher premium often means there’s renewed interest from institutions, given that Coinbase acts as a primary channel for American funds. Liquidity measures on Binance have also begun to improve, and the price gap between Binance and Coinbase has narrowed, pointing to more balanced capital flows.

According to Arab Chain, when both indicators move in the same direction, the market often enters a stabilization phase before pushing higher. Bitcoin’s latest price action supports that view. Over the past 24 hours, it has climbed about 7% and is now trading near $93,000 per CoinGecko data.

Performance over the past week is also green, with BTC gaining 6% in that period, although it remains down by about 13% on the month after the sharp November decline.

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On December 3, 2025, the cryptocurrency market witnessed Monero forming a bearish double top pattern at the critical resistance level of $438. This technical formation is often seen as a precursor to further declines, signaling that sellers may be gaining the upper hand. As bearish momentum builds, the spotlight turns to whether Monero will test its next significant support level at $313.

The occurrence of a double top pattern is indicative of a market where buying enthusiasm has waned. Typically, this setup materializes when a cryptocurrency reaches a high price level, retreats, and then returns to test that same high. The inability to break through can prompt a sell-off, as traders interpret the failure to move higher as a sign of weakening demand. In Monero’s case, its struggle at $438 suggests that investors are hesitant to push prices further without new bullish catalysts.

Historically, Monero has been known for its focus on privacy and security, setting it apart from other cryptocurrencies. As a leading privacy coin, its appeal rests on providing transaction anonymity—a feature increasingly valued in regions facing stringent financial surveillance. However, regulatory challenges and potential bans have always loomed over such privacy-focused assets, contributing to volatility.

In recent months, Monero has enjoyed periods of growth, buoyed by broader crypto market trends and increased institutional interest in privacy solutions. Despite this, the current technical indicators imply that bearish forces are gathering strength. The $313 support level now becomes crucial; should Monero breach this threshold, it could face accelerated declines.

However, not all forecasts are bleak. Advocates point out that Monero’s robust community and ongoing technological upgrades, such as improvements to its ring signature protocols, continue to attract users committed to privacy. These advancements ensure that Monero remains a relevant player in the crypto space, potentially mitigating some of the bearish pressures.

Yet, the broader macroeconomic picture also influences Monero’s trajectory. In recent years, the cryptocurrency market has been highly sensitive to global financial trends, including interest rate hikes by central banks and fluctuating inflation rates. Any shift in such economic indicators could impact investors’ risk appetite, affecting Monero’s price dynamics.

Moreover, comparisons can be drawn with other privacy coins like Zcash and Dash, which have also faced scrutiny but remain resilient due to their dedicated user bases. These comparisons highlight the potential for recovery and growth within the privacy coin sector, provided they navigate regulatory landscapes effectively.

Nonetheless, risks abound. A significant downturn could deter new investors and amplify existing regulatory hurdles. Furthermore, should Monero fail to maintain its technological edge over competitors, it might lose market share to newer privacy solutions capable of offering more advanced features.

Looking ahead, the crypto community is keenly observing legislative developments worldwide. Many countries are grappling with how to regulate cryptocurrencies without stifling innovation. In this context, Monero’s future may heavily depend on its ability to adapt to regulatory changes while adhering to its core privacy-focused ethos.

In conclusion, while Monero currently faces bearish pressures with potential declines toward $313, the situation is multifaceted. The cryptocurrency’s commitment to privacy and its vibrant community provide a foundation for potential resilience. However, investors must remain vigilant, considering both the technical indicators and broader regulatory and economic contexts that could shape Monero’s path forward.

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Ripple released 1B XRP from escrow in December, adding liquidity as XRP eyes resistance near $2.30 amid rising market activity.

Izabela Anna2 min read

3 December 2025, 06:02 PM

Two Unlock Transactions Complete December’s AllocationRipple’s programmed escrow release for December arrived alongside renewed volatility across the XRP market, adding fresh liquidity during an already active trading period. The network unlocked 1 billion XRP in two transfers, each containing 500 million tokens. 

The latest escrow movement directed 500 million XRP to the Ripple (9) address at 21:00 UTC. Another 500 million XRP moved to the Ripple (28) address shortly afterward. Both transfers remain idle at press time. 

Ripple often allocates these tokens for operational use, then returns unused amounts to escrow. This approach helps maintain supply discipline and prevents unexpected liquidity shocks. Besides, the controlled structure supports a predictable release pattern each month.

XRP trades near $2.17 as of press time, with daily volume above $4 billion. The price shows a modest daily gain, although the weekly chart records a small decline. Consequently, traders continue watching whether new supply interacts with existing market pressure around familiar technical zones.

Analysts Track XRP Resistance Near $2.30Technical readings show XRP struggling to break above the $2.30 ceiling. XrpArthur noted that this level forms a battle area where sellers defend aggressively. The yellow zone on his chart marks a clear contest between buyers and sellers. 

Price now trades near $2.18, with $2.02 acting as the next key support. A daily close above $2.30 may shift momentum toward $2.45 and $2.50. Hence, traders consider this region a major inflection point.

PrecisionTrade3 observed a bounce from the W2 0.618 Fibonacci level near $2. The analyst reported first resistance forming with a small bearish divergence. 

Source: X

The chart suggests that XRP continues tracking Bitcoin’s trend. A break below $2.18 may trigger a retracement toward $2.075. Additional targets include $1.92 and $1.88 before a possible move into W3.

ConclusionXRP enters December with renewed volatility, a completed escrow unlock, and firm technical boundaries. Buyers need strength above $2.30, while sellers defend the zone aggressively. Consequently, traders now watch whether the coming sessions deliver a breakout or another retrace toward deeper support.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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