Market Signal Briefing

Key Takeaways
Why is XRP showing renewed bullish sentiment despite recent volatility?
Because both crowd and smart money indicators turned bullish, while outflows signal investor accumulation.

How could the ETF update influence XRP’s short-term breakout potential?
The anticipated mid-November ETF approval could amplify institutional demand and strengthen bullish momentum.

Ripple [XRP] has entered a renewed phase of optimism as both crowd and smart money sentiment turn bullish, according to Market Prophit data. 

Despite recent volatility, the alignment between retail and institutional sentiment highlights growing investor confidence. 

This positive shift follows a $4.75 million outflow from exchanges and a 3.64% drop in Exchange Reserves, signaling accumulation rather than selling. 

As market dynamics evolve, traders now focus on whether this synchronized bullish sentiment can sustain momentum and push XRP toward a confirmed breakout after weeks of indecision.

Are bulls preparing for a major XRP breakout?
XRP’s price action shows early strength, with buyers attempting to reclaim control near $2.49 while confronting the descending trendline resistance. 

Sellers have repeatedly defended this trendline, triggering rejections that capped previous rallies. 

However, the consistently higher lows indicate accumulation beneath $2.45, a critical short-term support that signals growing buyer conviction. 

If bulls push through the $2.70 resistance, momentum could intensify toward the $3.12 mark, where previous selling clusters were observed. 

A decisive break beyond that zone could open a clear path to $3.65, marking a potential trend reversal. 

Conversely, failure to defend $2.43 might invite renewed selling, though the current MACD crossover supports sustained bullish momentum. 

Source: TradingView

Outflows and falling Exchange Reserves highlight…
On-chain data continues to paint a constructive picture for XRP. Exchange Reserves fell 3.64% to $6.79 billion, at press time, while daily spot netflows showed a $4.75 million outflow at the time of press.

These movements highlight that more XRP is leaving exchanges than entering, a behavior typical during accumulation phases. 

When traders withdraw tokens from exchanges, it often reflects long-term confidence and a reduction in immediate sell pressure. 

Whale activity supports this trend, with consistent withdrawals aligning with prior accumulation cycles that preceded rallies. 

The declining reserve trend implies tightening supply on exchanges, setting up favorable conditions for an upward price reaction once bullish momentum gains traction.

Source: CoinGlass

XRP ETF update sparks optimism ahead of possible Nasdaq launch
Canary Funds’ recent update to its S-1 filing for a spot XRP ETF has boosted market confidence.

By removing the delaying clause, the fund is now positioned for potential automatic approval by mid-November, pending Nasdaq’s Form 8-A clearance.

Historically, ETF-related news has sparked strong speculative and institutional interest—and XRP is showing similar momentum.

The anticipation surrounding this approval is fueling on-chain optimism, prompting traders to take early positions.

As institutional involvement increases, this narrative could reinforce XRP’s bullish market structure, aligning both fundamental drivers and technical indicators ahead of what may be a pivotal month for the asset.

Can converging catalysts power XRP’s next rally?
The combination of bullish sentiment, whale accumulation, and ETF optimism forms a solid foundation for XRP’s next potential rally. 

Both technical and on-chain indicators show strengthening buyer momentum and reduced selling activity. If buyers break past the $2.70 resistance, a sustained climb toward $3.12 and $3.65 could follow. 

The convergence of retail confidence, smart money accumulation, and institutional anticipation may mark the early stages of XRP’s broader recovery phase.

The Bitcoin Lightning Network was once the crown jewel of Bitcoin’s scaling story, a living map of open channels and growing liquidity that reflected adoption in real-time.

However, as the network matures, the picture has blurred. Behind the steady decline in public Bitcoin Lightning capacity lies a quiet transformation: exchanges, wallets, and merchants are routing more payments than ever through private and custodial paths that don’t show up on the charts.

The metric we’ve long trusted to measure Lightning’s health might now be telling the wrong story.

Public Lightning capacity currently stands at approximately 4,132 BTC. Nodes stand at 16,294 and channels at 41,118, with an average fee rate of 794 ppm and an average base fee of 947 mSats.

The chart remains below 2024 levels while payments consolidate into exchange routes, private channels, and stablecoin pilots that do not register in public capacity.

Bitcoin Lightning Capacity (Source: mempool.space)The August local low near 3,600 BTC provides a clean baseline to track the rebound. The trajectory aligns with a well-documented gap between the collateral posted to public channels and the payments that move through exchange custody edges, private links, and multi-path routing.

That gap widens as large venues push withdrawals and deposits over Lightning and as wallets resize liquidity without opening new public channels. Our recent capacity trend explainer highlights the core point that frames falling public metrics as consolidation rather than a drop in utility.

Exchanges now carry a material share of real throughput.Coinbase has Lightning live for customers. OKX supports Lightning deposits and withdrawals with documented limits. Kraken introduced Lightning in April 2022. Binance completed integration in July 2023. When these venues route a larger share of flows via Lightning, fewer public channels can settle more payments, so measured capacity can compress even as utility per BTC rises.

Merchant and processor data points fill in the demand side. CoinGate reported that the share of BTC merchant payments routed over Lightning nearly doubled from 2023 to the first half of 2024, reaching the mid-teens, a trend that has persisted through 2025.

Japan’s Mercari is rolling out BTC payments in its marketplace app with settlement in yen for sellers. South Africa’s Pick’n Pay completed a Lightning rollout via partners at a national scale. A 2025 report from Breez and 1A1z claims more than 650 million people “have access” to Bitcoin payments across Lightning-enabled apps and exchanges, which frames total reachable users even if active usage is smaller.

The next leg centers on stablecoins.Tether announced on Jan. 30 that USDt is coming to Bitcoin via Lightning using Taproot Assets, opening dollar-denominated corridors on Lightning rails. Lightning Labs positions the tooling as a path for stablecoin issuers and payment processors to route dollar flows with Lightning settlement.

If large exchanges and processors add USDt alongside BTC over Lightning, transaction sizes and volumes can grow without a proportional increase in publicly posted channel collateral, which further weakens capacity as a proxy for activity.

Wallet and protocol upgrades explain the shift from more routes to better routes. Splicing lets wallets resize existing channels instead of opening new ones, reducing visible channel churn while improving liquidity placement.

Dual funding improves the initial balance distribution at channel opening, which reduces over-provisioning. BOLT12 offers bring reusable payment requests with receiver privacy and smoother recurring flows.

These changes encourage network operators to adopt fewer channels with higher throughput per route, a setup that reduces public capacity without compromising payment success rates.

A concise snapshot of the latest network stats helps anchor the present tense of the story:

MetricLatestShort-term changeNetwork capacity4,132 BTC (~$453M)Rebounded from late-August local lowNodes16,294-6.8% d/dChannels41,118-2.5% d/dAvg channel capacity9,820,993 sats (~$10,763)—Avg fee rate794 ppm+3.2% d/dAvg base fee947 mSats-0.2% d/dSecurity and policy remain variables for operators and liquidity providers. Post-mortems on replacement cycling and work on channel jamming show ongoing mitigations without network-wide losses.

Regulatory carve-outs can be local, as seen when Kraken paused Lightning in Germany in 2024 while maintaining global support. These factors can influence node operator incentives, which in turn affect the amount of liquidity posted to public channels versus private or custodial routes.

Scenario planning helps set expectations for the next year without relying solely on capacity.The base case features public capacity in a 3,500 to 4,800 BTC range, with higher dollar throughput as exchanges route a larger share of withdrawals via Lightning, and USDt pilots come online.

An upward path, driven by USDt corridors and broader processor support, lifts capacity toward 4,500 to 6,500 BTC, even as more traffic goes private, while exchange routing reaches a share of withdrawals in the high teens to mid-twenties.

A downside case includes persistent fee pressure and local policy frictions that pull capacity toward 3,000 BTC and slow merchant adoption outside crypto-native verticals. These paths rest on wallet UX upgrades, exchange connectivity, fee conditions, and the pace of Taproot Assets integrations.

ScenarioPublic capacityExchange routing via LNMerchant LN share changePrimary driversConsolidation base3,500–4,800 BTC10–20% of BTC withdrawals+3 to +6 percentage points vs. 2024BOLT12, splicing, Coinbase, and OKX routing, first USDt corridorsUSDt lift4,500–6,500 BTC20–30% of BTC withdrawalsBroader merchant coverageTether and Taproot Assets tooling, processors add USDt over LightningFee or policy drag~3,000 BTC testLower exchange routingSlower outside crypto-native nichesHigh fees, local rules that constrain LN edgesThe working frame for late 2025 is clear.

Public capacity is a lagging and incomplete metric because throughput is concentrating into fewer, more capable routes and into custodial edges that are not advertised.

Exchange integrations set the transport, wallet upgrades clean up liquidity, and USDt over Lightning opens dollar corridors.

The latest capacity at 4,132 BTC sets the starting line for tracking whether utility per BTC of visible capacity continues to climb.

Mentioned in this article

By

PYMNTS
 | 
October 31, 2025

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Cryptocurrency firm Ripple said three global nonprofit organizations focused on development and humanitarian efforts are using its payment solution and its stablecoin.

For these groups, Ripple Payments and Ripple USD (RLUSD) provide speed and transparency that enhance aid delivery and funding, especially in areas with limited infrastructure, the company said in a Thursday (Oct. 30) press release.

“Our partners and customers are redefining how urgent aid, sustainable development and financial support reach those who need it most,” Ripple President Monica Long said in the release.

Ripple Payments, which was once known as RippleNet, enables businesses to leverage blockchain easily for faster, cheaper and more efficient cross-border payments. It now has 64 active licenses and money transmitter licenses as well as 11 pending jurisdictions, according to its web page.

RLUSD is a U.S. dollar-denominated stablecoin designed for use cases like real-time global payments and tokenization of real-world assets.

World Central Kitchen, which delivers fresh meals to communities and first responders affected by natural disasters, uses Ripple Payments and RLUSD to accelerate the disbursement of funds to partners in areas that don’t have banking infrastructure.

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“With Ripple, we’re testing new financial technologies to settle payments in hours instead of days, even in challenging environments, allowing us to serve more communities in their most vulnerable moments,” Joshua Tripp, president of innovation at World Central Kitchen, said in the release.

Water.org, which works to improve access to safe water and sanitation, successfully piloted the use of Ripple Payments to send funds to microfinance partners in Brazil, Mexico and Peru. Now, the organization plans to do the same throughout Latin America and is exploring expanding it to Africa and Asia.

“Through our collaboration with Ripple, we’re exploring how digital payments can help us move funds more efficiently to our local partners — unlocking capital faster so more families can access the solutions they need to survive and thrive,” Gary White, CEO and co-founder of Water.org, said in the release.

Mercy Corps Ventures, which is the impact investment arm of Mercy Corps and supports tech-driven solutions for climate adaptation and resilience in emerging markets, is working with Ripple on pilot programs in Kenya that are testing how stablecoins like RLUSD can speed the delivery of aid to people facing crises.

“For families waiting on emergency cash or insurance payouts, even a few hours can make a difference — and blockchain-enabled payments are helping us close that gap,” Scott Onder, chief investment officer at Mercy Corps, said in the release.

Cardano founder Charles Hoskinson has recently described the blockchain as a “spiritual successor to Bitcoin,” emphasizing the deep architectural similarities between the two networks.

Speaking in an interview with Bitcoin.com News at Token 2049, Hoskinson explained that Cardano’s extended UTXO (unspent transaction output) model was a natural evolution of Bitcoin’s original UTXO design, both operating under similar accounting principles and wallet structures.

The Input Output Global (IOHK) CEO suggested that this technical kinship makes Cardano and Bitcoin “natural partners” in the broader blockchain ecosystem.

Hoskinson noted that while Bitcoin has turned to layer-2 solutions, such as the Lightning Network, to boost scalability, these systems often trade decentralization for performance.

According to him, such trade-offs can undermine Bitcoin’s original ethos, as multi-signature or centralized elements tend to dominate these layer-2 frameworks.

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In contrast, Hoskinson believes Cardano’s extended UTXO model preserves the decentralized spirit of Bitcoin while enhancing scalability and programmability. He described this design as a more balanced and forward-thinking approach, one that avoids the compromises often seen in other networks’ scaling solutions.

From there, the conversation shifted toward the crypto industry. Hoskinson reflected on how the sector continues to grow amid growing political attention and regulatory uncertainty.

He discussed his ongoing dialogue with U.S. lawmakers, including Senator Tim Scott and members of the Senate Banking Committee, regarding the development of long-term policies for digital assets.

Hoskinson also highlighted the industry’s collaborative efforts behind key legislative proposals such as the Genius Act and the Clarity Act.

These initiatives, he explained, aim to define how digital assets are categorized and overseen, offering clearer rules for both innovators and regulators. Once passed, responsibility for setting these rules will move to the executive branch, where the SEC and CFTC will take the lead in distinguishing between securities and commodities.

The Sui price has bounced back after a turbulent October, rising around 3% today to trade near $2.33 as bullish traders regain confidence. The recovery comes despite a looming $103 million token unlock and follows weeks of heavy losses that saw the altcoin fall more than 30% from its early-month peak.

Long-term Ethereum (ETH) holders — particularly those who participated in the network's 2015 Initial Coin Offering (ICO) — have begun moving funds again after years of inactivity. Recent on-chain data reveals that several early wallets, untouched for nearly a decade, are now showing renewed activity amid Ethereum's consolidation around the $4,000 mark.

NewGen, a Nasdaq-listed tech-forward multi-jurisdictional company, has entered into a purchase deal with White Lion Capital to acquire 600,000 Solana tokens.

Summary

Nasdaq-listed NewGenIVF Group will acquire 600,000 SOL from White Lion Capital.
The companies’ purchase deal does not involve cash.
NewGenIVF holds 13,000 SOL valued at $2.5 million.

NewGenIvf Group Limited announced the development on October 31, 2025, noting the company had signed a binding term sheet with White Lion.

The firms’ digital assets purchase agreement outlines a commitment that will allow NewGen to acquire 600,000 Solana (SOL) tokens, worth around $110 million at the time.

NewGen to get Solana for shares
The term sheet gives NewGen the option to sell shares of its common stock to White Lion in exchange for SOL, with this option open for an initial 24-month period. That means that an offer of company shares will see White Lion hand over tokens of equivalent value and not cash.

“This groundbreaking agreement with White Lion represents another key development in NewGen’s evolution as a forward-thinking, diversified enterprise,” Siu Wing Fung Alfred, founder and chief executive officer of NewGen noted.

He added:

“By structuring this innovative arrangement to receive Solana tokens rather than traditional cash compensation, we are not only strengthening our digital asset treasury but also demonstrating our unwavering confidence in the future of blockchain technology and decentralized finance.”

SOL will form a key part of the company’s, with NewGen looking to tap into growth opportunities around digital assets, the executive noted. 

NewGen joined the digital asset strategy arms race in December 2024, taking an initial $1 million dive with a crypto portfolio.

In June 2025, it launched its treasury strategy, revealing plans to put $30 million into Solana. The company is using this agreement to bolster its Solana treasury strategy, which currently stands at 13,000 SOL valued at approximately $2.5 million. 

According to data from CoinGecko, ten of the largest Solana treasury companies currently hold a total of 15,741,661 SOL, valued at over $2.9 billion. Top SOL public holders are Forward Industries, Solana Company, DeFi Development Corp., and Upexi.

Key NotesBitwise's BSOL dominates early Solana ETF adoption with $152.5 million in assets, representing 98% of total product inflows since launch.Solana blockchain captured $152 million in daily stablecoin supply growth, outpacing Ethereum's $140 million and signaling robust liquidity expansion.Grayscale projects Solana ETFs could absorb 5% of total token supply within two years, implying $5 billion in holdings at current valuations.
Solana

SOL
$187.1

24h volatility:
3.5%

Market cap:
$102.72 B

Vol. 24h:
$6.67 B

price rebounded 2% to $190 on Friday, October 31, buoyed by improved sentiment around the US-China trade talks. Market data shows Solana ETF inflows are beginning to influence on-chain activity, marking a crucial moment for the asset’s institutional adoption story.

Solana ETFs, which began trading on October 28, have now attracted over $155 million in total inflows within the first three days, according to data from FarsideInvestors. Bitwise’s BSOL leads the market with $152.5 million, while Grayscale’s GSOL controls roughly $2.2 million worth of SOL at press time.

Solana ETFs Net Inflows as of Oct 30, 2025 | Source: FarsideInvestors

After a brief sell-the-news dip to $179 on Thursday, Solana price now appears to be responding to direct liquidity effects from these institutional inflows.

🚨NEW: @Solana leads all chains in stablecoin net inflows over the past 24 hours. pic.twitter.com/hXoMcLdevB

— SolanaFloor (@SolanaFloor) October 31, 2025

Further supporting this sentiment, data from Solana analytics hub Solana Floor revealed that Solana now leads all Layer-1 blockchains in stablecoin supply growth. According to Artemis data cited in the report, Solana’s stablecoin supply increased by $152 million in 24 hours, surpassing Ethereum $140 million. Polygon and Plasma followed distantly, with roughly $22 million each.

This spike in stablecoin inflows reflects a link between ETF inflows and fresh stablecoin deposits on Solana. The increased market liquidity could support higher price stability amid broader market turbulence.

Grayscale CEO Sees Solana ETFs Reaching $5 Billion in Two Years
Crypto markets remain volatile, with Bitcoin

BTC
$109 748

24h volatility:
2.6%

Market cap:
$2.19 T

Vol. 24h:
$64.80 B

intraday gains capped under 2% as bulls struggle to sustain momentum above $110,000. Yet, Solana’s position appears increasingly resilient, buoyed by both ETF inflows and rising stablecoin liquidity.

Grayscale’s Head of Research, Zach Pandl, sees strong growth potential for Solana’s new exchange-traded products. Speaking to DL News, he noted that Solana could mirror the adoption trajectory seen in Bitcoin and Ethereum once they entered regulated ETP markets.

Pandl explained that within one to two years, roughly 5% of the total Solana token supply could be absorbed. At current valuations, that projection implies Solana ETF holdings would exceed $5 billion, a 3,000% surge from current $155 million holdings.

Solana Price Forecast: Bulls Eye Recovery Toward $210 Resistance
Solana’s price action has stabilized near $186.50, rebounding from weekly lows around $179. The chart shows the price consolidating within the mid-band of the Keltner Channel (KC 20), with upper resistance near $218.89 and lower support at $170.29.

The Relative Strength Index (RSI 14) currently reads 44.43, indicating mild bearish momentum but significant room for an upside recovery. Meanwhile, the MACD histogram has begun printing light green bars, signaling a potential momentum shift toward the positive zone if buy volume strengthens.

Solana (SOL) Technical Price Analysis | Source: TradingView

If Solana sustains a daily close above $194.50, bulls could eye a push above $210, aligning with the upper Keltner boundary and previous local highs. A breakout above this level would validate bullish continuation, potentially clearing the path toward the next target at $240.

Conversely, failure to defend $180 could trigger a retest of the $170 support base, invalidating near-term bullish setups.

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

Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.

Ibrahim Ajibade on LinkedIn

Key Points:

Grayscale and Bitwise launch Solana ETFs, introduce staking.Solana ETFs might absorb 5% of SOL supply.Staking offers an annual yield of approximately 5.7%.
Two U.S. Solana spot ETFs launched this week: Bitwise’s BSOL on Tuesday and Grayscale’s GSOL on Wednesday, marking a significant move in the cryptocurrency investment space.

These ETFs, offering staking with a 5.7% yield, could absorb $5 billion Sol tokens, potentially echoing the success of Bitcoin and Ethereum ETFs.

Solana ETFs Initiate Staking with 5.7% Yield
Bitwise’s BSOL and Grayscale’s GSOL started trading, each offering unique staking features uncommon in previous crypto ETFs. Their presence promises significant shifts in Solana’s investment landscape, differing from Bitcoin and Ethereum ETFs by enabling token staking with a yield of approximately 5.7%.

Industry attention intensified following this launch, with institutional investors and analysts observing potential market shifts. Key opinion leaders, including Nate Geraci from ETF Store, highlighted upcoming regulatory reviews potentially increasing staking opportunities within ETF frameworks.

“The U.S. Solana spot ETF could replicate the successful performance of Bitcoin and Ethereum products, potentially absorbing at least 5% of the total supply of Solana tokens within the next one to two years.” — Zach Pandl, Research Director, Grayscale
Solana Price Surges as ETFs Launch with Innovative Features
Did you know? The introduction of Solana ETFs with staking capabilities presents a turning point similar to the 2024 Bitcoin ETF launch, which drew significant inflows and market scrutiny.

Solana (SOL) recorded a recent price of $187.16, with a market cap of $102.90 billion and dominance at 2.79%. Over the last 24 hours, trading volume reached $6.60 billion, despite a slight decrease of 20.94%. Data from CoinMarketCap reflect a 3.48% rise in the past day, while over 30 days, prices fell by 14.98%.

Solana(SOL), daily chart, screenshot on CoinMarketCap at 19:31 UTC on October 31, 2025. Source: CoinMarketCap

Coincu analysts foresee the U.S. Solana ETFs potentially catalyzing further investment growth. Such financial instruments could change liquidity in SOL, aligning with historical trends of increased adoption when staking features are integrated.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Published: Oct 31, 2025, 19:40 GMT+00:00

Key Points:Market sentiment remains sour, but Solana has managed to stay above $180 every time the price pulls back.Solana ETFs have brought in a combined total of $700 million after BSOL hit the trading floor.SOL needs to rise past $210 to rally toward much higher levels in the near term.

Solana (SOL) has gone up by 1.5% in the past 24 hours as the market has bounced off key supports following the Fed’s decision to cut interest rates this week.

Altcoin season was (possibly temporarily) derailed by President Donald Trump’s decision to increase tariffs on China by 100%.

Meanwhile, the head of the Federal Reserve, Jerome Powell, emphasized this week that another rate cut in December is far from certain.

Fear and Greed Index – Source: CoinMarketCap

As the macroeconomic backdrop deteriorates, market sentiment has taken a hit. The Fear and Greed Index dived from 42 to 32 in just a few days, and Solana has booked a 15% during that period as a result.

That said, even though market conditions have deteriorated a bit, institutional adoption of Solana is rising at a fast pace.

Institutional Adoption is Rising as ETFs Bring In $700M+ in Assets
The launch of Bitwise’s Solana ETF (BSOL) could mark a pivotal moment for the token as more than $300 million have flowed to SOL in just a few days to take advantage of the vehicles attractive staking rewards of 7%.

Bitwise Solana ETF (BSOL) – Source: Bitwise’s Official Website

Combined with the assets managed by the REX-Osprey Solana + Staking ETF (SSK), the two funds have brought in over $700 million in assets. This underscores the significant interest that Wall Street has in this altcoin.

In addition, Solana treasuries have bought nearly $3 billion worth of the token. A total of 10 companies are currently heavily invested in the network’s growth, which favors a positive outlook for its ecosystem.

That said, Solana’s reputation as the home of meme coins could be crippling its growth as Ethereum has succeeded by becoming the go-to network for a much larger segment of the crypto space – decentralized finance (DeFi).

Unless Solana manages to attract top DeFi developers to its ecosystem, it will continue to lag behind the top altcoin.

Solana Consolidates Above $180 But Struggles to Make a Higher High
A small consolidation pattern has popped up after the token broke below its long-dated trend line resistance. SOL is now trading in a tight range between $200 and $180.

These types of consolidation can be considered an accumulation phase ahead of the next leg up. However, the price has also failed to make a new high despite many retests of the $180 level, which increases the odds of a bearish breakout.

A decisive breakout above $210 should set SOL on course to hit $235 first and $250 afterward, especially if the move is accompanied by high volumes. The Relative Strength Index (RSI) has not yet confirmed a bullish outlook, but it should if the price gets above this level.

It is worth noting that Solana has not made an all-time high during this cycle like BNB Coin (BNB) and Ethereum (ETH) did. The reason for this could be some disappointing on-chain metrics, as daily active users (DAUs) have been declining for months, same as daily transaction volumes.

The 200-day exponential moving average (EMA) will be the key support to watch during the weekend. A move below this line could set off a major drop toward $155.

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Payments-focused blockchain platform Stellar plans to leverage oracle network Chainlink’s solutions, including data standards and cross-chain interoperability protocol, to boost decentralized finance traction on the blockchain network.

Summary

Stellar is integrating Chainlink to tap into Data Feeds, Data Streams, and the Cross-Chain Interoperability Protocol.
Developers and institutions will benefit from the same solutions powering over $100 billion in total value locked in DeFi.
Integration is set to also bolster real-world asset tokenization on the public blockchain.

Stellar will join the Chainlink Scale program and integrate Chainlink’s key solutions, including Cross-Chain Interoperability Protocol, Data Feeds, and Data Streams, according to a press release.

What does this bring to Stellar?
The integration will see developers and institutions tap into trusted data and cross-chain interoperability as they build decentralized applications on Stellar (XLM). With Chainlink (LINK), Stellar hopes to expand its ecosystem across the burgeoning real-world asset and decentralized finance markets. 

The move to collaborate comes as tokenized treasuries, RWA payments and overall DeFi resurgence highlight the industry’s growing traction amid regulatory shifts.

“With the decision to integrate CCIP, Data Feeds, and Data Streams, Stellar is enabling its ecosystem to access the secure and reliable infrastructure needed to support institutional-grade tokenization and seamless cross-chain applications,” said Johann Eid, chief business officer at Chainlink Labs. “This collaboration significantly accelerates Stellar’s ability to scale to meet the demands of a unified onchain financial system.”

Specific benefits that come to XLM as a result of this integration include battle-tested security via CCIP’s consensus layer. This solution, powered by Chainlink Decentralized Oracle Network, has helped secure over $100 billion in total volume locked across DeFi.

CCIP gives developers production-ready interoperability.

Developers and institutions can also tap into token-agnostic transfers and programmable token transfers among others. Chainlink’s data standards will unlock DeFi on the XLM network.

“Once the integration is complete, Stellar will be one step closer to a unified onchain financial system where real-world assets and DeFi coexist seamlessly,” said Raja Chakravorti, chief business officer at Stellar Development Foundation.

XLM and LINK tokens saw slight gains amid the news and as the broader crypto market looked to bounce following this week’s sell-off.

Flutterwave is collaborating with Polygon PoS to revolutionize cross-border payments in over 30 African nations. This strategic partnership, extending over several years, designates Polygon PoS as the primary blockchain for Flutterwave's newest cross-border payment solution.

Strategy's new credit rating & preferred-stock structure could open larger institutional channels, strengthening its BTC buying capacity.

Key points:

For the first time in seven years, Bitcoin is at risk of ending October in the red.

Several altcoins have dropped to their crucial support levels, indicating selling on rallies.

Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. That increases the risk of BTC recording its first-ever red October close in seven years. After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data.

Several analysts are turning bearish on BTC, signaling a potential cycle peak based on its four-year halving cycle. However, a few others, such as BitMEX's Arthur Hayes, believe that BTC’s four-year cycle is dead.

Crypto market data daily view. Source: Coin360It is difficult to predict with certainty whether the four-year cycle is over or not, but the net outflows of $959.1 million from spot BTC exchange-traded funds in the past two days, according to Farside Investors’ data, indicate that institutional investors are cautious in the near term.

What are the crucial support levels to watch for in BTC and the major altcoins? Let's analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price predictionBTC bounced off the bottom of the range near $107,000 on Thursday, indicating that the bulls are aggressively defending the level.

BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe relief rally is expected to face selling at the 20-day exponential moving average ($111,557). If the price turns down sharply from the 20-day EMA, it increases the likelihood of a break below $107,000. If that happens, the BTC/USDT pair will complete a double-top pattern and may dive to $100,000. 

Conversely, a break and close above the 20-day EMA suggests that the Bitcoin price may remain inside the $107,000 to $126,199 range for a while longer.

Ether price predictionEther (ETH) bounced off the support line of the descending channel pattern on Thursday, signaling buying at lower levels.

ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe recovery could face selling at the moving averages. If that happens, the bears will again attempt to sink the Ether price below the support line. If they can pull it off, the ETH/USDT pair could plummet to $3,350.

Buyers will have to push the price above the moving averages to keep the pair inside the channel. The next leg of the up move is likely to begin on a break and close above the resistance line.

BNB price predictionBNB (BNB) is witnessing a tough battle between the bulls and the bears at the 50-day simple moving average ($1,084).

BNB/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the 20-day EMA ($1,113) and closes below the 50-day SMA, it signals the start of a deeper correction. The BNB/USDT pair could drop to $1,021 and later to $932. 

On the contrary, if the price closes above the 20-day EMA, it suggests that the bulls are attempting a comeback. The BNB price could then rally to the 38.2% Fibonacci retracement level of $1,156, which could attract sellers. A close above $1,156 clears the path for a rally to the 61.8% retracement level of $1,239.

XRP price predictionXRP (XRP) fell below the 20-day EMA ($2.54) on Thursday, signaling that bears are trying to retain the advantage.

XRP/USDT daily chart. Source: Cointelegraph/TradingViewSellers will try to strengthen their position by pulling the XRP price to the $2.32 to $2.19 support zone. Buyers are expected to defend the support zone with vigor, as a close below it could intensify selling. The XRP/USDT pair may then plunge to $1.90.

Time is running out for the bulls. They will have to swiftly push the price above the moving averages to gain strength. A potential trend change will be signaled on a close above the downtrend line. 

Solana price predictionSolana (SOL) has been trading inside a symmetrical triangle pattern, indicating indecision about the next directional move.

SOL/USDT daily chart. Source: Cointelegraph/TradingViewIf the price skids below the uptrend line, the SOL/USDT pair could tumble to the solid support at $155. Buyers are expected to fiercely defend the $155 level, as a break below it may sink the pair to $140.

If the price turns up from the uptrend line and breaks above the 20-day EMA ($194), it suggests that the pair may remain inside the triangle for some more time. Buyers will be back in the driver’s seat after they push the Solana price above the resistance line.

Dogecoin price predictionBuyers are attempting to maintain Dogecoin (DOGE) above the $0.17 support, but the shallow bounce suggests that the bears continue to exert pressure.

DOGE/USDT daily chart. Source: Cointelegraph/TradingViewIf the $0.17 level cracks, the DOGE/USDT pair could descend to the $0.14 support. Buyers will try to keep the Dogecoin price inside the range by defending the $0.14 level, but if they fail in their endeavor, the pair could drop to the $0.10 level.

The first sign of strength will be a break and close above the $0.21 overhead resistance. The pair may then climb to the 50-day SMA ($0.22) and later attempt a rally to the stiff overhead resistance at $0.29.

Cardano price predictionCardano (ADA) continued lower and broke below the $0.59 support on Thursday, signaling that the bears remain in control.

ADA/USDT daily chart. Source: Cointelegraph/TradingViewIf the price remains below the $0.59 level, the ADA/USDT pair could plunge to the solid support at $0.50. Buyers are expected to fiercely defend the $0.50 level, as a drop below it may start a new downtrend.

On the upside, a break and close above the 20-day EMA ($0.66) suggests that the bears are losing their grip. The Cardano price could then climb to the breakdown level of $0.75 and subsequently to the downtrend line.

Hyperliquid price predictionSellers again thwarted attempts by the bulls to push the Hyperliquid (HYPE) price above the $51.50 overhead resistance on Thursday. That pulled the price down to the 20-day EMA ($43.10).

HYPE/USDT daily chart. Source: Cointelegraph/TradingViewBuyers are trying to defend the 20-day EMA, but the bears have kept up the selling pressure. If the price breaks below the 20-day EMA, the HYPE/USDT pair could descend to the neckline and then to $35.50.

This negative view will be invalidated in the near term if the Hyperliquid price turns up and breaks above $51.50. The pair could then surge to the all-time high of $59.41.

Chainlink price predictionBuyers tried to push Chainlink (LINK) above the 20-day EMA ($18.24) on Wednesday, but the bears held their ground.

LINK/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping moving averages and the relative strength index in the negative territory suggest that the bears remain in control. The Chainlink price could then plummet to the $15.43 support, where the bulls are expected to step in.

Buyers will have to push and maintain the price above the 20-day EMA to signal strength. The LINK/USDT pair could then climb to the resistance line, which is a critical level to watch out for. 

Bitcoin Cash price predictionBitcoin Cash (BCH) has been stuck between the 20-day EMA ($530) and the resistance line for the past few days.

BCH/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls will have to push and maintain the Bitcoin Cash price above the resistance line to signal a potential trend change. The BCH/USDT pair could then rally to $615 and later to $651.

Instead, if the price turns down and breaks below the 20-day EMA, it suggests that the pair may remain inside the falling wedge pattern for a few more days. The pair may slide to $500 and then to $475.

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.

TLDR:

Chainlink’s CCIP enables Toncoin to transfer securely across 60+ blockchains within the expanding DeFi network.
TON becomes a cross-chain ecosystem, connecting with Chainlink’s infrastructure for broader liquidity and scalability.
Chainlink Data Streams bring low-latency, high-frequency market data to TON’s decentralized finance environment.
TON’s link with Chainlink’s network gives its Telegram-based ecosystem access to real-time cross-chain DeFi applications.

Chainlink and The Open Network (TON) are taking a big step toward a fully connected blockchain ecosystem. The oracle provider is bringing its Cross-Chain Interoperability Protocol (CCIP) and Data Streams to TON, making Toncoin a cross-chain asset for the first time. 

The move links TON to over 60 blockchains while giving its users access to real-time, low-latency data. It also opens the door for developers to build more responsive DeFi applications within TON. The announcement was made on October 31 through a press release by Chainlink and TON Foundation.

TON Integrates Chainlink CCIP to Enable Cross-Chain Toncoin Transfers
According to Chainlink, CCIP will serve as the official cross-chain infrastructure for Toncoin. This means users can move TON between its native network and other supported blockchains without needing bridges or intermediaries. The integration is based on the Cross-Chain Token (CCT) standard, which enables secure, permissionless transfers.

By using Chainlink’s established protocol, TON joins a growing multi-chain ecosystem that already includes major blockchain networks. 

The change will allow any token or protocol that already operates on CCIP to connect to TON directly. This setup creates new liquidity routes and market access for both TON users and developers.

Chainlink’s Director of Blockchain Partnerships, Thodoris Karakostas, said the update equips TON’s ecosystem with the tools needed to scale cross-chain DeFi activity. Through CCIP, Toncoin becomes an active participant in the global crypto market, connecting previously separate blockchain economies.

The integration also strengthens TON’s appeal to users already within the Telegram ecosystem. With built-in wallet features and mini apps reaching hundreds of millions, TON could become a bridge between mainstream users and decentralized finance.

Chainlink Data Streams Bring Real-Time Crypto Insights to TON
Alongside CCIP, Chainlink is also expanding its Data Streams service to TON. This gives the network access to high-frequency, real-time price feeds sourced from major global liquidity providers. 

With sub-second latency, Data Streams can support activities like algorithmic trading, lending, and derivatives.

Chainlink stated that the data service includes strong security verification to ensure reliable execution across markets. The new infrastructure is expected to reduce data delays and enable developers to build advanced DeFi platforms that react to price movements almost instantly.

Glenn Brown, Vice President of Business Development at TON Foundation, said the collaboration represents a major step in making TON ready for global-scale applications. By combining Chainlink’s oracle technology with TON’s fast architecture, developers can build DeFi apps that work seamlessly across blockchains.

The partnership builds on a shared vision of an interconnected, user-focused Web3 environment. With TON now plugged into Chainlink’s multi-chain network, both ecosystems gain access to new liquidity and market depth.

The meme coin is moving. Here's why.

Dogecoin (DOGE +3.69%) is moving higher on Friday. The coin is up 4% since 4 p.m. ET Thursday as of 1:08 p.m. ET. The move comes as the S&P 500 is flat and the Nasdaq Composite has gained 0.3%.

As Bitcoin goes, so goes most of the crypto market -- Dogecoin included. While this doesn't always hold, it's a good bet that when Bitcoin moves up, the meme coin will as well.

Today's Change

(

3.69

%) $

0.01

Current Price

$

0.19

The Fed cuts rates, but future cuts are uncertain
Bitcoin is up today after a rough week. Crypto investors are wary of broader macro trends and mixed signals from the Federal Reserve. Another 0.25% cut was announced on Wednesday, but additional rate cuts in December look less likely following Fed Chair Jerome Powell's statement that they were "not a foregone conclusion. Far from it."

Image source: Getty Images.

Dogecoin carries substantial risk
Though Dogecoin tends to rise when Bitcoin rallies, at least in the short term, don't mistake that for a genuine correlation over time. Dogecoin remains highly speculative, with its value driven entirely by social momentum rather than fundamentals. It was designed as a joke, not a legitimate investment. That hasn't changed. As with all meme coins, its price can collapse at any moment.

In the long run, Bitcoin is a much better choice.

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

Bitcoin is sitting on its first true make-or-break support of the cycle, and the market is now in what crypto analyst Dom (@traderview2) calls a “fork in the road.” His message is direct: if Bitcoin cannot stabilize and reclaim key levels quickly, the structure that has defined this entire run breaks for the first time — and he's positioning for downside.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Major crypto prices saw solid gains after a week of downturns. Bitcoin, Ethereum, Litecoin, XRP, Shiba Inu, and Cardano saw modest gains as the market recovers. The global crypto market capitalization also rose 1% to $3.67 trillion.

Bitcoin Leads Market Recovery Despite ETF Outflows
The price of Bitcoin went up by more than 1% in the last 24 hours, reaching around $111,000. The token had initially been trading at $106,000. Despite the uptick, daily trading volume dropped to $66 billion. The token’s monthly performance remains down 7.5%.

Interestingly, this upswing came even as U.S. spot Bitcoin ETFs recorded heavy outflows. According to SoSoValue data,  BlackRock’s IBIT lost around $290.88 million on October 30, its largest single-day outflow since August. In total, spot Bitcoin ETFs saw $388.43 million exit the market that day. This suggests short-term profit-taking by institutional holders.

However, confidence appears to be returning after JPMorgan announced plans to allow high-net-worth and institutional clients to use Bitcoin and Ethereum as collateral for loans.

Ethereum Gains Ahead of Major Network Upgrade
The Ethereum price also rose, gaining 1.2% over the past 24 hours to $3,817. This comes even as weekly and monthly metrics show a broader downtrend. For instance, the altcoin’s trading volume dipped 28%.

Experts say that the increase in interest is due to the upcoming Fusaka upgrade on December 3, 2025. This update will add EIP-7594 (PeerDAS) to make data processing faster and improve scalability. Developers also announced that the block gas limit will rise from 30 million to 150 million.

Litecoin and XRP Draw Institutional Interest
Litecoin (LTC) rose 2.49% in the last 24 hours, outperforming the broader market’s 0.54% average gain. Its dedicated ETF, the Canary Capital Litecoin Fund (LTCC), attracted nearly $486,000 in inflows earlier this week. This brought its total assets to $1.34 million.

XRP also advanced 1.66% to $2.50. The token’s momentum stems from Canary Capital’s updated S-1 filing to launch a spot XRP ETF by mid-November. The amendment removed the “delaying” clause that previously blocked automatic approval. This suggests the asset could soon see increased exposure among U.S. investors.

Shiba Inu and Cardano Join the Rally
Shiba Inu (SHIB) also joined the crypto price rally with a 4% daily rise. This surge is particularly associated with T. Rowe Price’s plans to launch the first-ever U.S. Spot Shiba Inu ETF. Cardano (ADA) also gained around 1% despite a 27% decline in trading volume, 

Regulatory Developments Support the Crypto Price Recovery
Adding to the bullish tone,  ​​the U.S. Federal Reserve announced a second 25-basis-point rate cut this year. This brought the benchmark rate down to a range of 3.75–4%. This decision could help support riskier investments, like crypto, in the next few weeks.

At the same time, the U.S. Senate Agriculture Committee is finalizing the Crypto Market Structure Bill. This move is expected to bring long-term regulatory clarity and could also have some effect on crypto prices upon release.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Bitcoin absorbs volatility better than before, but the cost-basis zone remains crucial for continued upside.

Although Bitcoin surged above $125,000 in the first week of October 2025, its six-year “Uptober” winning streak may still be at risk. Historically, October has delivered strong returns since 2013, with only two red years, 2014 and 2018, and uninterrupted gains from 2019 through 2024.

However, with just hours left before the monthly close, the data suggests this one could break that pattern. Fresh on-chain indicators warn that Bitcoin must soon reclaim the holders’ cost-basis zone to avoid renewed downside pressure and a potential extension of the current correction phase.

Deep Correction Fear Looms
As per Bitcoin Vector, each time BTC revisits the $106,000-$108,000 range, the Risk-Off Signal weakens, showing that volatility shocks are being absorbed more effectively, a sign of a mature market. Nevertheless, the firm warns that maintaining this stability depends on reclaiming the holders’ cost-basis zone in the near term. Without that recovery, bearish pressure could build again, which could end up deepening the existing correction cycle.

Meanwhile, Axel Adler Jr. pointed out that Bitcoin’s current stagnation stems from a wave of profit-taking by long-term holders (LTHs). Data shows this cohort of investors sold approximately 810,000 BTC since July 1, reducing their holdings from 15.5 million to 14.6 million. Bitcoin still achieved two fresh all-time highs despite that selling pressure, as market demand remained strong. Adler added that if LTHs persist in offloading coins, Bitcoin’s price growth could remain limited, keeping the market’s bullish potential under constraint for the foreseeable future.

In a related development, CryptoQuant also found that long-term Bitcoin whales, veteran investors who have weathered multiple market cycles, have realized one of their largest profits of 2025, worth around $271 million. This is the third major profit spike of the year. Such events often lead to sharp price movements as liquidity adapts to whale activity. Analysts believe that whales may be either anticipating short-term downside or rebalancing their holdings.

The next key signal lies with short-term holders – if they absorb these profits, consolidation may follow, and if selling accelerates, a broader market cooldown could emerge.

$123,000 Target If Bulls Hold the Line
In a statement to CryptoPotato, Arthur Azizov, Founder and Investor at B2 Ventures, said Bitcoin is currently trading within a defined range after moving sideways since July 2025. The asset recently bounced off the lower boundary of this range, in what appeared to be a potential start of a rebound.

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If broader market conditions remain favorable, Azizov expects Bitcoin to move toward $123,000 and possibly retest its all-time high before the end of the year. However, if Bitcoin slips below the crucial $100,000 level and consolidates there, it could extend its decline to the $96,000-$93,000 zone. The founder added that $100,000 remains a psychologically important threshold and a strong support area, much like in June 2025 when Bitcoin rebounded from similar levels. He went on to add,

“Looking at the most recent upward wave, which began in April 2025, the 0.618 Fibonacci retracement level lies around $91,000. Interestingly, that level also aligns with a weekly imbalance zone, which makes it a potentially powerful reversal area if the price ever reaches it. That said, I don’t believe Bitcoin will fall that low – there are simply too many factors supporting the asset right now, preventing such a deep pullback.”

In brief
California's Department of Financial Protection and Innovation (DFPI) fined Coinhub $675,000 for violating digital assets law.
Of that total, $105,000 is due as restitution to consumers who were overcharged by the ATM operator.
This marks the fourth enforcement action from the regulator as it cracks down on crypto ATM operators that it says are taking advantage of consumers.
The California Department of Financial Protection and Innovation (DFPI) has fined Bitcoin ATM operator Coinhub $675,000 for overcharging customers, the regulator announced on Friday. 

The fine includes $105,000 paid as restitution to California consumers that were charged more than the allowed maximum fee and charges for crypto ATM use. 

“Crypto kiosk operators in California are on notice that we intend to root out bad actors and scammers who put consumers’ hard-earned money at risk,” said DFPI Commissioner KC Mohseni, in a statement. “We welcome legitimate operators in this industry, however, DFPI will not tolerate those who flout the law and fail to implement required safeguards for customers.”

As part of its investigation, DFPI found that since 2024, LSGT Services, LLC—which does business as Coinhub—charged markup fees above the maximum, accepted cash transactions above the daily $1,000 limit, omitted key information on receipts, and failed to provide legally required disclaimers before transactions. 

The regulator’s recent enforcement action is its fourth in recent months against crypto ATM operators as it works to serve warning to those violating California’s Digital Financial Assets Law (DFAL). 

In June, the DFPI took its first enforcement action due to violations of the DFAL, fining Bitcoin ATM operator Coinme $300,000 for violations—$51,700 of which was earmarked as restitution to California customers. 

Other jurisdictions have been cracking down on crypto ATM operators as well. The city council in Spokane, Washington unanimously voted to ban the kiosks due to the increase in scams and financial crime.

New Zealand also banned crypto ATMs in July, citing rising financial crime concerns. Earlier this week, police in Massachusetts warned its citizens after two residents lost nearly $7,000 in total to Bitcoin ATM scams that used a new scheme which claimed that payments were due for missing jury duty. 

In August, the Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued an urgent warning on the use of Bitcoin ATMs in scams and their particular effect on elderly Americans. An FBI report shows that the demographic lost nearly $3 billion to crypto fraud in 2024, despite only accounting for around 17% of the population.

Representatives for DFPI and Coinhub did not immediately respond to Decrypt's request for comment.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Since the August all-time high, the short-term price action has become increasingly chaotic, especially since our last update, supporting the case for a continuing 4th wave. A final 5th wave to at least $6150 is still absent.

Sam Bankman-Fried’s X account posted a link to a document on late Thursday claiming that the FTX exchange “was never insolvent,” and that bankruptcy attorneys, not bad balance sheets, were to blame for the company’s spectacular implosion.

SBF Blames Bankruptcy Lawyers For “Decimating” FTX
In the lengthy 14-page document written by the former FTX chief and his team, the now-defunct exchange did not become bankrupt due to a comprehensive scheme to commit fraud and user fund misappropriation.

Instead, FTX encountered a “liquidity crisis” that was “on track to be resolved by the end of the month,” before being interrupted by “FTX’s external counsel,” who took control. The document continues to argue that “FTX was never bankrupt, even when its lawyers placed it into bankruptcy,” and could have repaid customers in full.

The statement echoed parts of an interview that Bankman-Fried gave while incarcerated in March, in which he told Tucker Carlson, “there was enough money” to pay back all creditors at the time that FTX collapsed.

The document argues that if bankruptcy lawyers had not liquidated assets that the firm had invested in, FTX and its sister company, Alameda Research, would have holdings valued at around $136 billion.

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According to SBF, if FTX and Alameda still existed, the exchange’s FTT token would be worth approximately $22 billion.

Bankman-Fried, once the leader of the $32 billion FTX exchange, is currently serving a 25-year prison sentence after being convicted on seven felony charges related to the downfall of FTX and Alameda.

SBF’s latest X post is his latest attempt to gain political sympathy. According to previous reports, his parents and legal allies have been quietly lobbying for clemency from President Donald Trump.

Meanwhile, former Binance CEO Changpeng “CZ” Zhao was let off the hook last week after serving a four-month prison sentence in the United States.

Analyst Says Ethereum Is the Best Ecosystem and Ether Is Poised to Top $5,000Ether rose on heavier trading, then slipped after an upper-band rejection, leaving a tighter range and a clear set of checkpoints above and below. Oct 31, 2025, 7:00 p.m.

Ether rose on heavier volume, then slipped after an upper-band rejection. (CoinDesk Data)

What to know: ETH gained 1.50% to $3,822.60 as volume ran 19.01% above the seven-day average.A late drop from $3,869 to $3,820 followed rejection near the $3,860–$3,880 band.Support sits at $3,680–$3,720, with a reclaim of $3,880 reopening the $3,887.35 session high.According to CoinDesk Research's technical analysis data model, ether ETH$3,831.51 advanced on heavier-than-usual trading, then slipped late after an upper-band rejection, leaving a tighter range and a clear set of checkpoints above and below.

Analyst commentCrypto analyst Michaël van de Poppe said on X that Ethereum is the best ecosystem to invest in and that ether is near a push to a new all-time high above $5,000.In plain English: he’s arguing that developer activity, products and network effects make the ethereum ecosystem attractive, and that price action is getting close to the kind of strength seen before record highs.How that fits the chart today: the model shows buyers active on the way up, but sellers still guarding the $3,860–$3,880 band. For a run at record territory, the first task would be a clean reclaim of $3,880 and follow-through above the $3,887.35 session high—steps that would show control shifting back to buyers near the top of the current range.Technical analysis highlightsPerformance and participation: ETH +1.50% to $3,822.60 with volume +19.01% vs the seven-day average; deviation from CD5 –0.06%.Intraday path: From $3,771.27 to $3,822.78 inside a $193.66 range, printing higher lows through the session.Momentum peak: 2 p.m. UTC, 446.7K volume on the push through $3,860, tapping a $3,887.35 high.Late rejection: Final hour –1.30% from $3,869 → $3,820 on 21.8K volume (about 6× that phase’s session average), creating a lower high near $3,865.Support and resistance mapSupport: $3,680–$3,720 zone that caught early-session weakness.Resistance: $3,860–$3,880 band, with $3,880 as a psychological level.Near-term band: Trade clustered $3,730–$3,880 after the test of the upper band.Session reference: A reclaim of $3,880 reopens the $3,887.35 high.Volume pictureOverall: +19.01% vs the seven-day average signals meaningful participation.On the advance: 446.7K at 2 p.m. UTC marked the strongest bullish print.Into the close: 21.8K on the drop from $3,869 → $3,820 shows supply crowding the ceiling late.What the patterns suggestUptrend with a caution flag: Higher lows built an advance, but the lower high into the close warns sellers are still active near the top of the range.Range behavior: With demand showing up on dips and supply at $3,860–$3,880, $3,730–$3,880 frames the near-term map.Next proof point: Bulls would want a firm break and hold above $3,880; bears will look for a loss of $3,720 to expose $3,680.Targets and risk framingIf buyers press: Reclaim $3,880 → check $3,887.35; sustained strength keeps focus on the upper band.If sellers regain control: Below $3,720 → $3,680 becomes the next demand area.Tactical lens: With participation elevated but resistance respected, many traders wait for a clear break out of $3,730–$3,880 before leaning harder.CoinDesk 5 Index (CD5) contextRange and turn: CD5 rose from $1,878.33 → $1,901.52, reaching $1,924.98 before reversing to $1,901.52, consistent with profit-taking into resistance across majors.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Chainlink's LINK Bounces 3.6% From Lows; Stellar Integration Expands RWA Reach

Stellar is integrating Chainlink’s CCIP, Data Feeds, and Streams to enable tokenized asset flow across chains.

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LINK rebounded 3.6% above with strong trading volume and institutional dip-buying.Weak U.S. session saw the token reverting below $17, but still holding above key support levels.The oracle network's enterprise partnerships expands as Stellar taps Chainlink services.Read full story

Bitcoin is consolidating around the $109,000 level as traders predict an upward momentum over the upcoming weeks.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$109,474.12Ethereum(CRYPTO: ETH)$3,861.69Solana(CRYPTO: SOL)$185.87XRP(CRYPTO: XRP)$2.51Dogecoin(CRYPTO: DOGE)$0.1854Shiba Inu(CRYPTO: SHIB)$0.059938Notable Statistics:

Coinglass data shows 140,035 traders were liquidated in the past 24 hours for $418.82 million.       
In the past 24 hours, top gainers include Zcash, Bittensor and Aster.
Notable Developments:

Trader Shorts $1 Million In Ethereum: ‘The Rally May Never Materialize, It’s a Bear Market’
Solana, Bitcoin Are The ‘Two Ways To Win’ In Crypto, Bitwise’s Matt Hougan Says
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Coinbase CEO Brian Armstrong Calls Payments The ‘Next Big Use Case’ For Crypto — Sees Potential For Stablecoins In This Space
Coinbase Jumps On Big Q3 Beat As Analysts Back ‘Everything Exchange’ Push
Trader Notes: Stockmoney Lizards observed strong liquidity between the $100,000 and $107,000 range, marking it as a key demand zone with heavy buy and sell activity.

ShardiB2 cautioned that Bitcoin's weekly chart "does not look that bad" when zoomed out.

Javon Marks noted that Bitcoin remains in a bullish trend, with the potential for a 13%+ move that could push prices above $126,219 and set new all-time highs, emphasizing that BTC is currently bullish.

CryptoBullet pointed out a massive bearish divergence on the weekly RSI, calling it a "true horror sight" for traders.

Read Next: 

Bitcoin Back To $110,000: Are The Bear Market Calls Premature?
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20h05 ▪
4
min read ▪ by
Luc Jose A.

Summarize this article with:

While institutional interest in cryptos is rising again, the decisions of major players capture all the attention. This 1st November, Ripple plans to unlock 1 billion XRP, which is more than 2.4 billion dollars at the current price, from its escrow accounts, as part of a mechanism established in 2017 to regulate the supply. A regular operation, but one that, in the current climate, raises questions about liquidity strategies and market balance.

In Brief

Ripple is about to unlock 1 billion XRP on November 1st, worth 2.49 billion $ at the current rate.
This monthly release is part of a mechanism established in 2017 to regulate circulating supply.
In reality, only a fraction of tokens, between 200 and 300 million XRP, is generally sold each month.
The rest is placed back in escrow, limiting the actual market impact to about 500 to 750 million $.

A Planned Operation, an Unchanged Protocol
While the demand for XRP is exploding in the derivatives market, Ripple will proceed tomorrow, Saturday November 1st, with the scheduled unlocking of 1 billion XRP from its escrow, as has happened every month since the mechanism was implemented in December 2017.

At the current price of 2.49 dollars, this release theoretically represents a value of 2.49 billion dollars injected into the system. A figure likely to worry unseasoned observers. However, Ripple’s habits largely nuance this impression of massive unlocking. The previous month, for example, 750 million tokens were locked in a new escrow, limiting the amount actually injected into the market.

In practice, Ripple usually sells or uses between 200 and 300 million XRP per month, according to data observed in recent months. The rest is automatically placed back in escrow through new contracts. This functioning, originally designed to establish predictability and transparency, helps stabilize supply without causing imbalance. Thus, the actual impact on circulating liquidity for November could represent only :

200 to 300 million tokens actually used or sold ;
Equivalent to a net value of 500 to 750 million dollars ;
Well below the gross figure of 2.49 billion dollars ;
The remainder locked again in future escrows.

This strategy of cautious management of injected volumes, repeated every month for several years, shows Ripple’s intention to reconcile supply control and gradual ecosystem development of XRP, without causing artificial market volatility.

The Early Sale of Rights on Escrows : A New Strategic Weapon ?
While the monthly unlocking ritual follows a now well-established pattern, the recent statement by David Schwartz, CTO of Ripple, introduced a new dimension to the analysis. He stated that Ripple has the right to sell or transfer the rights linked to XRP still locked in escrow, while respecting the protocol conditions.

“Ripple could sell the right to receive tokens released from escrow, or even directly assign the accounts in which these escrows mature,” he explained. A way of saying that the token does not circulate prematurely, but its future value can already be contractually engaged.

In short, Ripple can enter into private agreements with institutional partners, ceding them rights on future XRP, without violating release rules. A form of strategic pre-financing that opens new possibilities for monetizing resources, without generating immediate market pressure.

This approach could allow Ripple to finance projects, secure partnerships, or initiate initiatives like Evernorth, an XRP treasury platform developed by a Ripple-related entity holding nearly one billion XRP.

The ability to monetize future rights without injecting immediate supply positions Ripple in a hybrid stance, both respectful of its original framework but increasingly proactive in its institutional management. This dynamic could intensify if the company seeks to capitalize more on its escrowed reserve, while stabilizing the XRP price to avoid market turmoil.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

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.