Market Signal Briefing

Key Takeaways REG's Q3 FFO per share of $1.15 met estimates, up 7.5% from last year.Total revenues climbed 7.6% to $387.6 million, surpassing expectations.Same-property NOI rose 4.8%, supported by rent growth and higher occupancy.
Regency Centers Corporation (REG - Free Report) reported third-quarter 2025 NAREIT funds from operations (FFO) per share of $1.15, in line with the Zacks Consensus Estimate. The figure increased 7.5% from the prior-year quarter.

Results reflect healthy leasing activity. It witnessed a year-over-year improvement in the same-property net operating income (NOI) and base rents during the quarter. The company increased its 2025 NAREIT FFO per share outlook.

Total revenues of $387.6 million increased 7.6% from the year-ago period. The figure surpassed the Zacks Consensus Estimate of $385.3 million.

Per Lisa Palmer, president and CEO of Regency, “Our results reflect the tremendous talent of our team, driving strong revenue growth and successfully executing on our capital allocation strategy. So far this year, we have deployed more than $750 million of capital into accretive investments, enhancing our strong organic growth.”

Subsequent to quarter-end, Regency's board of directors declared a quarterly cash dividend on the company's common stock of 75.5 cents per share. This reflects an increase of more than 7% from the prior payout.

REG’s Q3 in DetailIn the third quarter, Regency Centers executed approximately 1.8 million square feet of comparable new and renewal leases at a blended cash rent spread of 12.8%.

As of Sept. 30, 2025, REG’s same property portfolio was 96.4% leased, up 40 basis points (bps) year over year.

The same-property anchor percent leased (includes spaces greater than or equal to 10,000 square feet) was 98%, increasing 10 bps year over year.

The same-property shop percent leased (includes spaces less than 10,000 square feet) was 93.9%, increasing 80 bps year over year.

The same-property NOI, excluding lease termination fees, increased 4.8% on a year-over-year basis to $273.5 million. The same-property base rent growth contributed 4.7% to the same-property NOI growth in the quarter.

As of Sept. 30, 2025, Regency Centers’ in-process development and redevelopment projects have estimated net project costs of $668 million at the company’s share. So far, it has incurred 51% of the cost.

REG’s Portfolio ActivityIn the third quarter of 2025, Regency Centers acquired a portfolio of five shopping centers located within the Rancho Mission Viejo master planned community in Orange County, CA, for $357 million. In the quarter, the company disposed of five assets for approximately $32 million.

In the third quarter, the company acquired its partner's 50% interest in Chestnut Ridge Shopping Center in Montvale, NJ, for nearly $9.2 million, and now owns 100% of the asset. It also acquired its partner's 50% interest in Baybrook East and 47% interest in The Market at Springwoods Village, both in Houston, TX, for a combined total of $34 million and now owns 100% of both assets.

Following the quarter end, REG disposed of Hammocks Town Center in Miami for nearly $72 million.

REG’s Balance SheetAs of Sept. 30, 2025, this retail REIT had nearly $1.5 billion of capacity under its revolving credit facility. As of the same date, its pro-rata net debt and preferred stock to trailing 12 months (TTM) operating EBITDAre were 5.3X.

REG’s 2025 OutlookRegency Centers has increased its 2025 NAREIT FFO per share guidance in the range of $4.62-$4.64, compared to the prior guidance $4.59-$4.63. The Zacks Consensus Estimate is presently pegged at $4.60, which is below the guided range.

Regency Centers currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Earnings ReleasesWe now look forward to the earnings releases of other retail REITs, such as Federal Realty Investment Trust (FRT - Free Report) and Simon Property Group (SPG - Free Report) , which are slated to report on Oct. 31 and Nov. 3, respectively.

The Zacks Consensus Estimate for Federal Realty Investment Trust’s third-quarter 2025 FFO per share is pegged at $1.76, implying a 2.9% year-over-year increase. FRT currently carries a Zacks Rank #3.

The Zacks Consensus Estimate for Simon’s third-quarter 2025 FFO per share stands at $3.09, indicating an 8.8% rise year over year. SPG currently has a Zacks Rank #3.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

Key Takeaways RNR's Q3 operating income per share jumped 52.7% YOY and beat estimates by 64.6%.Lower expenses and strong Property underwriting drove the quarter's profit surge.Casualty & Specialty unit posted a wider underwriting loss as net premiums earned declined.
RenaissanceRe Holdings Ltd. (RNR - Free Report) reported a third-quarter 2025 operating income of $15.62 per share, which outpaced the Zacks Consensus Estimate by a whopping 64.6%. The bottom line soared 52.7% year over year. 

Total operating revenues of $2.9 billion tumbled 4.5% year over year. The top line missed the consensus mark by 3.7%. 

The quarterly results benefited from a decline in expenses and strong underwriting performance, particularly in the Property segment. Improved net investment income also contributed to the upside. However, the upside was partly offset by lower net premiums earned across both segments and softer underwriting results in the Casualty & Specialty unit.

RenaissanceRe’s Quarterly Operational UpdateGross premiums written slipped 3.2% year over year to $2.3 billion, which fell short of our estimate of $2.5 billion.    

Net premiums earned of $2.4 billion declined 5.8% year over year. The metric missed the Zacks Consensus Estimate of $2.56 billion and our estimate of $2.59 billion.  

Net investment income came in at $438.4 million, which grew 3.4% year over year in the quarter under review, attributable to improved average invested assets in the fixed-maturity investment portfolios. The metric beat the consensus mark of $420 million and our estimate of $418.6 million.   

Total expenses decreased 23.3% year over year to $1.7 billion, lower than our estimate of $2.6 billion. The year-over-year decline resulted from a decline in net claims and claim expenses incurred, acquisition costs and operational expenses. 

RenaissanceRe reported an underwriting income of $770.2 million in the third quarter, which jumped 95.6% year over year. The combined ratio improved 1,640 basis points (bps) year over year to 68.4%. 

Book value per common share was $231.23 as of Sept. 30, 2025, which improved 14.5% year over year. Annualized operating return on average common equity improved 650 bps year over year to 28.2%.

RenaissanceRe’s Segmental UpdateProperty SegmentThe segment recorded gross premiums written of $733.3 million in the third quarter, which fell 7.3% year over year and missed our estimate of $793 million. The metric was hurt by the prior accident years' favorable development. 

Net premiums earned decreased 5.8% year over year to $936.9 million. The reported figure lagged the Zacks Consensus Estimate of $1.06 billion and our estimate of $1.1 billion.

It generated an underwriting income of $791.5 million, which doubled year over year. The combined ratio improved 4,480 bps year over year to 15.5% on the back of a decline in current accident year net losses and higher prior accident year net favorable development.

Casualty & Specialty SegmentThe unit’s gross premiums written dipped 1.2% year over year to $1.6 billion, lower than our estimate of $1.7 billion. The metric was hurt by reduced premiums derived from the casualty lines of business. 

Net premiums earned totaled $1.5 billion, which tumbled 5.7% year over year in the quarter under review. The reported figure marginally missed the Zacks Consensus Estimate. 

The segment incurred an underwriting loss of $21.3 million, wider than the prior-year quarter’s loss of $0.9 million. The combined ratio deteriorated 130 bps year over year to 101.4%.

RenaissanceRe’s Financial Position (As of Sept. 30, 2025)RenaissanceRe exited the third quarter with cash and cash equivalents of $1.7 billion, which inched up 1.5% from the 2024-end level. 

Total assets of $54.5 billion increased 7.5% from the figure at 2024-end. 

Debt amounted to $2.2 billion, up 18.2% from the figure as of Dec. 31, 2024. 

Total shareholders’ equity of $11.5 billion advanced 8.8% from the 2024-end level.

RenaissanceRe’s Share Repurchase UpdateRenaissanceRe bought back common shares worth around $205.2 million in the third quarter. From Oct. 1, 2025, to Oct. 24, 2025, additional share repurchases of $100 million were made.

RNR’s Zacks RankRenaissanceRe currently carries a Zacks Rank #2 (Buy).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other InsurersOf the insurance industry players that have reported third-quarter 2025 results so far, the bottom-line results of W. R. Berkley Corporation (WRB - Free Report) , Chubb Limited (CB - Free Report) and First American Financial Corporation (FAF - Free Report) beat the respective Zacks Consensus Estimate.

W.R. Berkley reported third-quarter 2025 operating income of $1.10 per share, which beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year. Net premiums written were $3.4 billion, up 5.5% year over year. Net investment income grew 8.5% to $351.2 million. Operating revenues came in at $3.6 billion, up 8.2% year over year. The top line beat the consensus estimate by 0.4%. The consolidated combined ratio remained flat year over year at 90.9. 

Net premiums written at the Insurance segment increased 5.1% year over year to $2.8 billion in the quarter. Our estimate was $2.9 billion. The combined ratio deteriorated 80 bps to 92.3. Net premiums written in the Reinsurance & Monoline Excess segment increased 8.6% year over year to $417.1 million. The combined ratio improved 560 bps to 87. 

Chubb’s third-quarter 2025 core operating income of $7.49 per share beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year. Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year.

Property and casualty (P&C) underwriting income was $2.2 billion, up 55% year over year. The P&C combined ratio improved 590 basis points (bps) on a year-over-year basis to 81.8% in the quarter under review. The North America Commercial P&C Insurance unit’s net premiums written increased 2.9% year over year to $5.6 billion. Net premiums written in the North America Personal P&C Insurance segment climbed 8.1% year over year to $1.8 billion. 

First American Financial reported third-quarter 2025 operating income per share of $1.70, which beat the Zacks Consensus Estimate by 19.7%. The bottom line increased 26.8% year over year. Operating revenues of $1.9 billion increased 40.7% year over year. The top line also beat the Zacks Consensus Estimate by 6.8%. Investment income was $163.8 million in the third quarter, up 11.7% year over year. The Title Insurance and Service unit’s total revenues increased 42% year over year to $1.8 billion. 

Title open orders increased 15.2% to 191,300. Title closed orders increased 16.6% to 141,800. The average revenue per direct title order increased 22% to $16,100. In the Home Warranty segment, total revenues increased 3.3% to $114.6 million, lower than our estimate of $115.8 million. Pretax income of $16 million increased 80% year over year. The claim loss rate declined to 47% in the reported quarter. The pretax margin was 14.1%, expanding 600 bps year over year.

Oct 29, 2025, 02:04pm EDT

ToplineGeneral Motors will lay off about 1,200 workers at its electric vehicle plant in Detroit, the automaker told multiple outlets on Wednesday, as well as 550 at a battery facility in Ohio as the company responds to “slower” electric vehicle adoption.

The job cuts will take place at an EV plant in Detroit and a battery plant in Ohio.

Getty Images

Key FactsThis is a breaking story and will be updated.

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US-traded spot Ethereum exchange-traded funds (ETFs) recorded persistent outflows during late September and mid-October, periods that coincided with relative weakness in the ETH/BTC ratio.

Yet, non-US inflows and continued staking growth blunted the price impact, suggesting the headwind is episodic rather than structural.

The question of whether ETF redemptions drive Ether’s underperformance against Bitcoin requires parsing flow data alongside derivatives positioning, staking supply sinks, and regional divergences.

ETF creations and redemptions reflect authorized-participant activity rather than direct buying or selling, and their relationship to price is conditional on broader market structure, such as funding rates, basis spreads, and competing yield opportunities.

The evidence shows outflow windows correspond to ETH/BTC softness when derivatives positioning turns negative, but staking inflows and European buying have repeatedly absorbed US selling pressure, limiting the transmission from flows to spot.

Flow patterns and timingUS spot Ether ETFs swung between heavy inflows in July and August and multi-week outflow periods in late September and mid-to-late October.

The week ending Sept. 26 saw record US redemptions of approximately $796 million, concentrated in Grayscale’s ETHE as investors rotated to lower-fee products or exited positions entirely.

Outflows resumed around Oct. 23-24, with the week ending Oct. 27 recording roughly $169 million in net redemptions across US Ether ETPs.

Those periods aligned with ETH/BTC declines on a weekly close-to-close basis, supporting the hypothesis that flows carry a price signal.

ETH/BTC declined during four net-outflow weeks with a –0.53 correlation between U.S. ETF flows and weekly ratio changes from late September through October.The opposite pattern appeared in early October. The week ending Oct. 6 brought approximately $1.48 billion in net inflows to the US.

Ether ETFs during a broader risk-on environment, and ETH/BTC stabilized or ticked higher. That correlation between inflows and relative strength, and outflows and relative weakness, holds across the July-to-October window when aggregated to weekly frequency.

However, the relationship is noisy at daily intervals and breaks down when regional or derivatives factors dominate.

Non-US Ether exchange-traded products complicate the narrative. CoinShares data show Germany, Switzerland, and Canada absorbed Ether ETPs during mid-October US outflows, resulting in net global inflows in some weeks despite US redemptions.

Hong Kong’s spot Ether ETFs remain smaller but add a second ex-U.S. data point as that market matures.

The regional divergence implies US flows are necessary for price modeling but not sufficient, global demand can offset domestic selling, particularly when European investors view drawdowns as entry points.

Derivatives amplify flow signalsThe relationship between ETF flows and ETH/BTC performance strengthens when derivatives positioning agrees.

CME Ether futures open interest and perpetual funding rates act as amplifiers. When the three-month annualized basis slips into negative territory and funding rates turn negative, outflow-driven price pressure intensifies.

Conversely, positive basis and elevated funding can mute the impact of redemptions by signaling speculative demand and willingness to pay for leverage.

Data from CME Group show Ether futures open interest climbing through October, reflecting heightened institutional participation around the flow cycles.

Weighted average perpetual funding rates tracked by aggregators turned negative during the late-September outflow window and again in mid-October, suggesting leveraged long positions unwound alongside ETF redemptions.

That dual pressure, spot selling via ETF redemptions and derivatives deleveraging, appears to drive the periods of sharpest ETH/BTC underperformance.

When the basis and funding stabilize or turn positive, the flow-price link weakens. Early October’s inflow surge corresponded with a shift to positive funding and firmer basis, and ETH/BTC stopped declining despite mixed signals elsewhere in crypto markets.

The interaction term between flow direction and derivatives positioning is more predictive than flows alone, matching prior research on Bitcoin ETFs, which found that flows explain roughly 32% of daily price variance when isolated but gain explanatory power when combined with leverage metrics.

Staking and liquid staking tokens as supply sinksEthereum’s Beacon Chain validator count continued rising through October, with net validator entries absorbing ETH supply that might otherwise flow to exchanges or ETF redemption baskets.

Liquid staking token protocols, including Lido’s stETH, Coinbase’s cbETH, and Rocket Pool’s rETH, also recorded supply growth during the outflow windows, indicating organic staking demand persisted independent of ETF activity.

Quantifying the offset requires comparing weekly changes in staked ETH and LST outstanding against weekly ETF net flows.

Beacon Chain data show validator additions equivalent to tens of thousands of ETH per week during September and October, while LST supply growth tracked similar magnitudes.

When combined, staking sinks often matched or exceeded US ETF outflows every week, suggesting that redemptions removed ETH from exchange-traded wrappers without flooding spot markets, as staking absorbed the released supply.

Tokenized US Treasuries offering four to 5% yields on-chain represent a competing destination for capital that might otherwise allocate to ETH or Ether ETFs.

Real-world asset protocols reported tokenized Treasury supply ranging from $5.5 billion to $8.6 billion through 2025, providing a risk-free rate alternative that can siphon inflows during periods when Ether’s total return lags short-term rates.

The competition is most acute among institutional allocators, who compare Ether ETFs with tokenized money-market instruments, particularly when ETH volatility rises or the ETH/BTC ratio stagnates.

Measuring the flow-price relationship requires weekly aggregation to smooth intraday noise and alignment with ETH/BTC weekly closes to capture relative performance.

Correlations between net weekly ETF flows and weekly ETH/BTC returns are positive during the July-to-October window. Still, the coefficient varies depending on whether derivative positioning and regional flows are included as controls.

Adding interaction terms for basis state and funding direction improves fit, confirming that flows matter most when derivatives agree.

ETF creations and redemptions reflect authorized-participant activity in response to premium/discount dynamics and end-investor orders, not direct market-making.

Daily flow prints can be revised, and issuer-level differences in fees and tax-lot structure create noise in aggregate series.

The analysis also assumes that flows translate into spot buying or selling, which holds when authorized participants hedge creation/redemption baskets in spot markets but breaks down when hedging occurs via derivatives or over-the-counter desks.

The lag between reported flows and actual market impact can span hours to days, complicating intraday correlation tests and supporting weekly frequency as the appropriate unit of analysis.

What to monitor nextETF flows will continue signaling marginal demand shifts, but their predictive value depends on confirming signals from derivatives and regional data.

Weekly monitoring should track US net flows, non-US ETP direction, on a three-month basis, weighted perpetual funding, and validator queue depth.

When US outflows coincide with negative basis, negative funding, and flat staking growth, the headwind intensifies. When European or Canadian inflows offset US redemptions, or when staking absorbs released supply, the price impact fades.

Catalysts that could flip the flow regime include Ethereum protocol upgrades that affect staking economics, changes in US ETF fee structures that reduce ETHE’s cost disadvantage, or macro shifts that compress Treasury yields and reduce RWA competition.

The relationship between flows and ETH/BTC also depends on Bitcoin’s own ETF dynamics. If Bitcoin ETFs see heavy inflows while Ether ETFs face redemptions, the relative underperformance compounds.

Tracking both asset classes in parallel provides the cleanest read on whether Ether-specific factors or broader crypto sentiment drives the ratio.

US spot Ether ETF outflows have corresponded with ETH/BTC weakness when derivatives positioning and regional flows align, but staking growth and non-U.S. buying have repeatedly absorbed redemptions and limited spot price transmission.

The headwind is real during concentrated outflow windows with negative basis and funding, but it is episodic rather than structural.

Flows matter most as a risk indicator that confirms or contradicts signals from derivatives, staking, and cross-border demand, not as a standalone driver of Ether’s relative performance.

Mentioned in this article

Original U.Today article

Wed, 29/10/2025 - 16:35

Can the rate of Binance Coin (BNB) remain above $1,000 until the end of the week?

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

By the middle of the week, most of the coins have come back to the red zone, according to CoinMarketCap.

Top coins by CoinMarketCap BNB/USDThe price of Binance Coin (BNB) has declined by 3.26% over the last day.

Image by TradingViewOn the hourly chart, the rate of BNB is looking bearish, as it is about to break the local support of $1,100. If that happens, the drop is likely to continue to the $1,080 mark.

Image by TradingViewOn the longer time frame, there are no reversal signals yet. As the price of the native exchange coin is far from key levels, one should focus on the interim level of $1,100. 

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If bulls lose this mark, there is a high chance of witnessing a test of the $1,050 zone.

Image by TradingViewFrom the midterm point of view, the rate of BNB has made a false breakout of the previous bar peak of $1,161. If the weekly candle closes far from that mark, the correction may continue to the $1,000 area.

BNB is trading at $1,096 at press time.

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Original U.Today article

Wed, 29/10/2025 - 16:41

Can bulls return the rate of Ethereum (ETH) above $4,000 by the end of the week?

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Most of the top 10 coins are in the red area today, according to CoinStats.

Top coins by CoinStatsETH/USDThe price of Ethereum (ETH) has declined by 3.33% since yesterday.

Image by TradingViewOn the hourly chart, the rate of ETH has made a false breakout of the local support of $3,941. However, if a bounce back does not happen, traders may see a further drop to the $3,900 mark.

Image by TradingViewOn the longer time frame, there are no reversal signals yet. The price of the main altcoin is far from main levels, which means there are low chances of seeing sharp moves soon. 

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In this case, sideways trading in the zone of $3,900-$4,050 is the most likely scenario.

Image by TradingViewFrom the midterm point of view, the situation is similar. The volume keeps falling, which means traders are unlikely to see increased volatility shortly.

Ethereum is trading at $3,966 at press time.

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Ondo Global Markets is bringing its suite of tokenized U.S. equities to BNB Chain’s millions of daily users in a strategic move to capture global demand for accessible, on-chain stock trading.

Summary

Ondo Global Markets launches on BNB Chain, bringing access to 100+ tokenized U.S. stocks and ETFs.
Integration with PancakeSwap aims to boost liquidity for tokenized equities.
Expansion supports Ondo’s regulated multi-chain strategy as TVL nears $1.8 billion.

In an announcement on Oct. 29, Ondo Finance said its Ondo Global Markets platform is now live on BNB Chain. The deployment makes over 100 tokenized U.S. stocks and ETFs, including major names like Apple and Tesla, accessible to the network’s 3.4 million daily active users.

“Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized U.S. stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making U.S. markets globally accessible through blockchain technology,” Ondo Finance CEO Nathan Allman said.

The platform, which locked up $350 million in assets within weeks of its September launch, will integrate with core BNB infrastructure, starting with decentralized exchange PancakeSwap, to provide immediate liquidity.

Ondo Finance’s push toward regulated, global tokenized markets
The BNB rollout accelerates Ondo Finance’s push to build what it views as the next chapter of securities trading. The company has been steadily assembling the regulatory and technical components required to support tokenized equities at scale. Earlier this year, it completed the acquisition of Oasis Pro, a U.S. broker with SEC registrations that cover broker-dealer services, an alternative trading system, and transfer agent permissions.

That regulatory stack gives Ondo Finance the ability to issue and facilitate secondary trading of a wide spectrum of tokenized financial instruments inside the United States, something very few crypto firms can claim. The company has said this structure is intended to ensure that onchain stocks operate within the same investor protections that govern traditional markets.

Ondo Finance also Ondo recently began collaborating with World Liberty Financial, the Trump-aligned RWA venture, on using its tokenized assets as potential treasury reserves. The firm is on record taking a public stance in debates surrounding tokenized equities, urging caution around Nasdaq’s proposed framework and pressing for clarity on how settlement mechanics will protect investors.

According to data from DefiLlama data, Ondo Finance currently commands a total value locked of nearly $1.8 billion, a figure that dwarfs its direct competitors in the tokenized securities niche. This scale was bolstered by a $20 million Series A round co-led by Peter Thiel’s Founders Fund in 2022, followed by a $10 million public token sale later that same summer, providing the war chest for strategic moves like the Oasis Pro acquisition and rapid multi-chain deployments.

6 minutes ago

The new project, dubbed Cocoon, aims to give users access to AI tools without surrendering their data to centralized providers.

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Pavel Durov, co-founder of the messaging application Telegram, has disclosed a new decentralized AI network to be built atop The Open Network (TON), an independent layer-1 blockchain associated with Telegram.

Durov took the stage at the Blockchain Life 2025 forum in Abu Dhabi, United Arab Emirates, to announce the Confidential Compute Open Network, or Cocoon, created to give users access to AI-driven features without sacrificing data privacy to centralized AI providers.

According to Durov, users can make the processing power from their graphics processing units (GPUs) available to the network, in exchange for receiving Toncoin (TON), the native token of TON. Durov also touched on why decentralized AI is needed for human freedom:

“Why is it important to do something this way as opposed to the centralized way that is sometimes more convenient? It is important, my friends, because the world has been moving towards a weird direction. For the last 20 years. We've been gradually losing our digital freedoms.”Durov announcing Cocoon at the Blockchain Life 2025 forum. Source: Blockchain Life 2025Decentralizing AI models has become a widely discussed topic among AI and blockchain developers due to privacy risks and the potential for centralized service providers to censor or distort critical information in real time, without users realizing it.

Centralized AI’s vulnerabilities illustrate blockchain’s potentialCentralizing artificial intelligence poses risks to user data privacy, including the risk of data breaches and hacks, according to several crypto and Web3 industry executives.

Storing vast quantities of user data on centralized servers makes the data an attractive target for hackers, David Holtzman, chief strategy officer of the Naoris decentralized security protocol, told Cointelegraph.

Centralized AI service providers could also shift algorithms behind the scenes or distort critical data in real-time to manipulate public opinion, some industry executives have warned. 

Blockchain technology can help verify that data produced by AI remains tamper-proof by using a decentralized ledger to record the origin and chain of custody of data, producing an immutable and provable digital record onchain.

Magazine: Training AI to secretly love owls… or Hitler. Meta + AI porn? AI Eye

Bitcoin and ether exchange-traded funds (ETFs) continued their strong momentum on Tuesday, pulling in a combined $448 million in inflows. The day also marked a historic debut for Solana ETFs, with Bitwise's BSOL smashing records for a first-day launch.

Dogwifhat price struggles to maintain support at $0.48 as declining volume signals weakening momentum, raising concerns of a downside move if bullish demand fails to return.

Summary

WIF holds $0.48 support but faces low-volume pressure.
Lack of bullish momentum increases downside risk.
Sustained volume growth is key to a rebound toward $0.75.

Dogwifhat (WIF) token price is testing a key technical level at $0.48, a structural support that has so far managed to hold despite growing weakness in trading volume. The price action is consolidating tightly above this region, suggesting that the market is at an inflection point, either preparing for a relief rally or risking a deeper correction if demand fails to sustain.

Dogwifhat token price key technical points:

Critical Support: $0.48 remains the high-timeframe structural level to hold.
Volume Decline: Diminishing buy-side participation signals potential exhaustion.
Next Target Levels: Holding $0.48 could spark a rebound toward $0.75; failure risks retesting lower supports.

WIFUSDT (1D) Chart, Source: TradingView
From a technical perspective, Wif’s current structure shows a clear lack of momentum. Price action has been hovering above $0.48, consolidating within a narrow range but without any significant influx of bullish volume. This low-volume environment reflects a market in hesitation, where buyers appear cautious and sellers are beginning to gain control.

A break below $0.48 would likely trigger a capitulation move, potentially extending losses toward lower levels. Conversely, defending this region could form a local base for a rebound toward $0.75, a key resistance zone where prior sell-offs began.

However, for such a bullish move to materialize, strong volume nodes must re-emerge to validate the rotation upward. Without this confirmation, the ongoing consolidation risks evolving into a broader corrective phase, signaling weakness rather than accumulation.

The $0.48 level now represents a make-or-break zone for Wif. As volume continues to decline, the probability of a bearish continuation grows unless momentum shifts. If buyers manage to defend support and push price above local mid-range levels, sentiment could improve quickly, but failure would expose the token to further downside risk.

What to expect in the coming price action:
If Wif maintains support above $0.48, expect extended consolidation before any breakout attempt. A decisive bullish candle backed by rising volume would confirm accumulation and open the path toward $0.75 resistance.

However, the current low-volume structure suggests fragility and the risk of a breakdown if demand weakens further.

Bitcoin's bullish momentum paused on Monday as the cryptocurrency faced heavy resistance near the $114,000–$115,000 range. After briefly spiking above $116,000, sellers re-entered the market, capping upside potential and triggering a short-term pullback.

The BNB Chain sector is back in top form this week, adding over $6.4 billion to its market capitalization and gaining 2.5% week-over-week (WoW).

BNB Chain mcap +$6.4B; H and WLFI led gains; small caps rallied.Big catalysts: Ondo RWAs, Polymarket integration, 33rd burn, KGST launch.Despite gains, BNB underperformed SOL/ETH/BTC; fees still industry-leading.The market is in the green again as several bullish catalysts light the path toward a promising Q4.

Meanwhile, fear is slowly evaporating from the market as the CMC Fear and Greed Index nears the neutral threshold, and select altcoin sectors are beginning to outperform Bitcoin (BTC).

With that in mind, here’s how the BNB Chain sector has shaped up since our last update.

The BNB Chain sector is back in top form this week, adding over $6.4 billion to its market capitalization and gaining 2.5% week-over-week (WoW).

Nine of the top 10 BEP-20 tokens are currently in the green, with Humanity Protocol (H) and World Liberty Financial (WLFI) leading the way with 94% and 18% WoW gains, respectively.

But the biggest winners are primarily concentrated among the small caps, including:

APRO (AT): +270.3% (Binance Alpha listing + airdrop; Aster “Rocket Launch” $200K rewards)BurnedFi (BURN): +92.5% (Unclear catalyst)Unibase (UB): +92.8% (BNB Chain x402/agent rollout; prior Binance Alpha/Futures visibility)EVAA Protocol (EVAA): +46.5% (Binance Alpha + Futures listings; Binance competition spotlighted EVAA)Besides Humanity Protocol (H), small caps are also concentrated among this week's trending list.

Despite its growth, the BNB Chain ecosystem is currently underperforming other sectors, including the Solana ecosystem (+7.6% WoW), the Ethereum ecosystem (+2.9% WoW), and the Bitcoin ecosystem (+3.7%).

Like most L1s, BNB Chain saw either a slight decline or stagnation across many on-chain metrics this week. Notably, it saw a significant decline in DEX trading activity and fee revenue.

It still leads the L1 space in terms of fee generation, and saw a slight improvement in total value locked (TVL)—largely due to the expansion of Circle's USYC product.

Source: DefiLlama

Several major developments in the BNB Chain ecosystem underpinned this week’s bullish momentum. A summary of the most significant stories is provided below.

Ondo Brings Tokenized U.S. Stocks/ETFs to BNB Chain: Ondo Global Markets has expanded to BNB Chain, enabling 24/7 access to 100+ tokenized U.S. stocks and ETFs for non-U.S. users. BNB Chain touts a reach that includes millions of wallets.

BNB Completes Its 33rd Quarterly Burn (~1.44M BNB): The 33rd burn destroyed ~1.44M BNB (≈$1.2B at announcement), executed directly on BSC. This continues BNB’s auto-burn schedule aimed at reducing supply and aligning incentives across the ecosystem.

Polymarket Integrates BNB Chain: The prediction market has enabled BNB deposits/withdrawals natively on BNB Chain, lowering costs and improving UX for event markets. Expansion may boost cross-chain liquidity into BNB apps.

Kyrgyzstan Launches National Stablecoin & CBDC Pilot on BNB Chain: The Kyrgyz government announced a national stablecoin (KGST) and CBDC pilot utilizing BNB Chain infrastructure; plans also include a national crypto reserve that holds BNB, per officials.

>> That’s all for this update. Check in next week for another dose of BNB Chain news and insights!

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Crypto analyst Adez has revealed what most traders are missing following the Bitcoin price rally to $116,000 earlier this week. The analyst suggested there is no reason to be bullish right now, as BTC is likely to decline further before breaking out to the upside. 

What Traders Are Missing From The Bitcoin Price Action
In an X post, Adez noted that the Bitcoin price pumped from around $111,000 to $115,500 and that everyone thinks a breakout is happening. However, the analyst opined that the rally was just a trap. He explained that BTC actually swept the Value Area High at $114,600, but the Cumulative Volume Delta (CVD) barely moved. 

Adez further revealed that the open interest was completely flat, indicating that zero money came in for the move on Binance. The funding rate was also still at 0.01%, which is “dead neutral,” and nobody was excited about the Bitcoin price rally. In other words, he explained that the breakout happened with no institutional support, no new capital, and no retail FOMO, which is why the analyst believes the move was just a liquidity grab. 

Source: Chart from Adez on X
As to what happens next, Adez stated that this is a classic pattern after sweeping resistance with weak conviction, which leads to a sharp reversal. He urged investors and traders to watch the next few H4 candles to see if the Bitcoin price rejects back below $114,600, forms a lower low, and the CVD starts dropping. 

For a break of structure to be confirmed, the Bitcoin price needs to break below the H1 at 114,839 and then the H4 at 113,560. Once that happens, Adez predicts that there is an 85% probability that BTC will head to the real support between $104,000 and $106,000 within seven to ten days. Notably, BTC has broken these two levels and may now be at risk of dropping to these support levels as the analyst has predicted. 

Why This Price Action Is Plausible
Adez explained that this Bitcoin price action makes sense because November is historically 60% bullish and that Q4 has averaged 65% wins. However, he noted that these rallies didn’t start from thin air at $115,000. Instead, they start from value zones where institutions can accumulate before BTC rallies. 

The analyst highlighted $109,000 as the point of control, while between $104,000 and $106,000 is the Value Area Low, where there are also billions in buy orders. He added that the current Bitcoin price action is floating above real support, which is exactly where smart money dumps before the real move begins. 

As such, Adez expects retail to buy the breakout at $115,000 and get stopped out on the reversal. Then, they miss the real entry between $104,000 and $106,000. On the other hand, Smart Money sells into this pump, waits for the sweep down, then loads up at between $104,000 and $106,000 and rides the Bitcoin price rally to above $130,000. 

At the time of writing, the Bitcoin price is trading at around $113,000, down in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $113,288 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com

Ripple Chief Technology Officer David Schwartz has confirmed that the company holds the legal right to sell or transfer future claims to XRP currently locked in escrow. This means Ripple can pre-sell the rights to tokens that will be released over time — without altering the long-standing time-lock mechanism first introduced in 2017.

How the Escrow WorksRipple’s escrow system was designed to provide transparency and predictability to XRP’s supply. Each month, up to 1 billion XRP is released, and any unused portion is typically placed back into escrow. The setup aimed to prevent market shocks and reassure investors that Ripple would not suddenly flood the market with tokens.

Today, around 56 billion XRP are in circulation, while roughly 35 billion, valued at around $92 billion,  remain locked in Ripple’s escrow accounts.

Monetizing Future XRP SupplySchwartz’s statement clarifies that Ripple can sell the rights to these future tokens or even transfer the escrow accounts themselves. The XRP, however, cannot enter circulation until their scheduled release dates.

This opens the door for Ripple to monetize its future holdings while maintaining compliance with the original escrow terms. It also allows institutions to secure guaranteed access to future XRP supplies under private agreements, possibly governed by non-disclosure clauses.

Institutional Leverage and Strategic ImplicationsThe revelation could mean a strategic advantage for Ripple. By pre-selling or transferring rights to its escrowed XRP, the company can build long-term partnerships with institutional buyers.

🚨 Ripple CTO David Schwartz, has confirmed that Ripple is able to sell rights to $XRP locked in escrow. This means that while tokens are locked, Ripple can sell future claims to them.

Ripple can enable the pre-selling of XRP that will be released later, allowing the firm to… pic.twitter.com/uDKWD3gC2l

— ALLINCRYPTO (@RealAllinCrypto) October 29, 2025 Experts and supporters say this move could reshape perceptions of Ripple’s control over XRP. For years, critics have pointed to the escrow holdings as evidence of centralization. But if those rights are already distributed or optioned to multiple institutions, the narrative of Ripple being the sole controller of XRP may lose ground.

Evernorth’s Role and the XRP TreasuryEvernorth, a Ripple-backed entity,  is reportedly building an XRP Treasury platform. Early data shows it already holds nearly $1 billion worth of XRP. This could be the first public example of an institution leveraging Ripple’s escrow rights as a financial asset.

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US-traded spot Ethereum exchange-traded funds (ETFs) recorded persistent outflows during late September and mid-October, periods that coincided with relative weakness in the ETH/BTC ratio.

Yet, non-US inflows and continued staking growth blunted the price impact, suggesting the headwind is episodic rather than structural.

The question of whether ETF redemptions drive Ether’s underperformance against Bitcoin requires parsing flow data alongside derivatives positioning, staking supply sinks, and regional divergences.

ETF creations and redemptions reflect authorized-participant activity rather than direct buying or selling, and their relationship to price is conditional on broader market structure, such as funding rates, basis spreads, and competing yield opportunities.

The evidence shows outflow windows correspond to ETH/BTC softness when derivatives positioning turns negative, but staking inflows and European buying have repeatedly absorbed US selling pressure, limiting the transmission from flows to spot.

Flow patterns and timingUS spot Ether ETFs swung between heavy inflows in July and August and multi-week outflow periods in late September and mid-to-late October.

The week ending Sept. 26 saw record US redemptions of approximately $796 million, concentrated in Grayscale’s ETHE as investors rotated to lower-fee products or exited positions entirely.

Outflows resumed around Oct. 23-24, with the week ending Oct. 27 recording roughly $169 million in net redemptions across US Ether ETPs.

Those periods aligned with ETH/BTC declines on a weekly close-to-close basis, supporting the hypothesis that flows carry a price signal.

ETH/BTC declined during four net-outflow weeks with a –0.53 correlation between U.S. ETF flows and weekly ratio changes from late September through October.The opposite pattern appeared in early October. The week ending Oct. 6 brought approximately $1.48 billion in net inflows to the US.

Ether ETFs during a broader risk-on environment, and ETH/BTC stabilized or ticked higher. That correlation between inflows and relative strength, and outflows and relative weakness, holds across the July-to-October window when aggregated to weekly frequency.

However, the relationship is noisy at daily intervals and breaks down when regional or derivatives factors dominate.

Non-US Ether exchange-traded products complicate the narrative. CoinShares data show Germany, Switzerland, and Canada absorbed Ether ETPs during mid-October US outflows, resulting in net global inflows in some weeks despite US redemptions.

Hong Kong’s spot Ether ETFs remain smaller but add a second ex-U.S. data point as that market matures.

The regional divergence implies US flows are necessary for price modeling but not sufficient, global demand can offset domestic selling, particularly when European investors view drawdowns as entry points.

Derivatives amplify flow signalsThe relationship between ETF flows and ETH/BTC performance strengthens when derivatives positioning agrees.

CME Ether futures open interest and perpetual funding rates act as amplifiers. When the three-month annualized basis slips into negative territory and funding rates turn negative, outflow-driven price pressure intensifies.

Conversely, positive basis and elevated funding can mute the impact of redemptions by signaling speculative demand and willingness to pay for leverage.

Data from CME Group show Ether futures open interest climbing through October, reflecting heightened institutional participation around the flow cycles.

Weighted average perpetual funding rates tracked by aggregators turned negative during the late-September outflow window and again in mid-October, suggesting leveraged long positions unwound alongside ETF redemptions.

That dual pressure, spot selling via ETF redemptions and derivatives deleveraging, appears to drive the periods of sharpest ETH/BTC underperformance.

When the basis and funding stabilize or turn positive, the flow-price link weakens. Early October’s inflow surge corresponded with a shift to positive funding and firmer basis, and ETH/BTC stopped declining despite mixed signals elsewhere in crypto markets.

The interaction term between flow direction and derivatives positioning is more predictive than flows alone, matching prior research on Bitcoin ETFs, which found that flows explain roughly 32% of daily price variance when isolated but gain explanatory power when combined with leverage metrics.

Staking and liquid staking tokens as supply sinksEthereum’s Beacon Chain validator count continued rising through October, with net validator entries absorbing ETH supply that might otherwise flow to exchanges or ETF redemption baskets.

Liquid staking token protocols, including Lido’s stETH, Coinbase’s cbETH, and Rocket Pool’s rETH, also recorded supply growth during the outflow windows, indicating organic staking demand persisted independent of ETF activity.

Quantifying the offset requires comparing weekly changes in staked ETH and LST outstanding against weekly ETF net flows.

Beacon Chain data show validator additions equivalent to tens of thousands of ETH per week during September and October, while LST supply growth tracked similar magnitudes.

When combined, staking sinks often matched or exceeded US ETF outflows every week, suggesting that redemptions removed ETH from exchange-traded wrappers without flooding spot markets, as staking absorbed the released supply.

Tokenized US Treasuries offering four to 5% yields on-chain represent a competing destination for capital that might otherwise allocate to ETH or Ether ETFs.

Real-world asset protocols reported tokenized Treasury supply ranging from $5.5 billion to $8.6 billion through 2025, providing a risk-free rate alternative that can siphon inflows during periods when Ether’s total return lags short-term rates.

The competition is most acute among institutional allocators, who compare Ether ETFs with tokenized money-market instruments, particularly when ETH volatility rises or the ETH/BTC ratio stagnates.

Measuring the flow-price relationship requires weekly aggregation to smooth intraday noise and alignment with ETH/BTC weekly closes to capture relative performance.

Correlations between net weekly ETF flows and weekly ETH/BTC returns are positive during the July-to-October window. Still, the coefficient varies depending on whether derivative positioning and regional flows are included as controls.

Adding interaction terms for basis state and funding direction improves fit, confirming that flows matter most when derivatives agree.

ETF creations and redemptions reflect authorized-participant activity in response to premium/discount dynamics and end-investor orders, not direct market-making.

Daily flow prints can be revised, and issuer-level differences in fees and tax-lot structure create noise in aggregate series.

The analysis also assumes that flows translate into spot buying or selling, which holds when authorized participants hedge creation/redemption baskets in spot markets but breaks down when hedging occurs via derivatives or over-the-counter desks.

The lag between reported flows and actual market impact can span hours to days, complicating intraday correlation tests and supporting weekly frequency as the appropriate unit of analysis.

What to monitor nextETF flows will continue signaling marginal demand shifts, but their predictive value depends on confirming signals from derivatives and regional data.

Weekly monitoring should track US net flows, non-US ETP direction, on a three-month basis, weighted perpetual funding, and validator queue depth.

When US outflows coincide with negative basis, negative funding, and flat staking growth, the headwind intensifies. When European or Canadian inflows offset US redemptions, or when staking absorbs released supply, the price impact fades.

Catalysts that could flip the flow regime include Ethereum protocol upgrades that affect staking economics, changes in US ETF fee structures that reduce ETHE’s cost disadvantage, or macro shifts that compress Treasury yields and reduce RWA competition.

The relationship between flows and ETH/BTC also depends on Bitcoin’s own ETF dynamics. If Bitcoin ETFs see heavy inflows while Ether ETFs face redemptions, the relative underperformance compounds.

Tracking both asset classes in parallel provides the cleanest read on whether Ether-specific factors or broader crypto sentiment drives the ratio.

US spot Ether ETF outflows have corresponded with ETH/BTC weakness when derivatives positioning and regional flows align, but staking growth and non-U.S. buying have repeatedly absorbed redemptions and limited spot price transmission.

The headwind is real during concentrated outflow windows with negative basis and funding, but it is episodic rather than structural.

Flows matter most as a risk indicator that confirms or contradicts signals from derivatives, staking, and cross-border demand, not as a standalone driver of Ether’s relative performance.

Mentioned in this article

Key NotesThe upgraded system conceals order details until execution to prevent MEV exploitation and front-running attacks by market participants.Traders can now set orders based on USD price or market cap with automatic conversions, eliminating manual calculations.One-Cancels-Other functionality allows simultaneous take profit and stop loss orders that automatically cancel each other upon execution.
Jupiter Exchange released Limit Order V2 on Oct. 29, an upgraded trading system on the Solana blockchain. The platform announced the system targets both beginners and professional traders.

According to the announcement, V2 provides traders with control and precision for setting price targets, automating entries and exits, and protecting positions privately.

Introducing Limit Order V2 – the most advanced limit order system on Solana.

Intuitive. Flexible. Private.

Built for both beginners and pros.

Limit V2 gives traders full control and precision – set your exact price targets, automate entries and exits, and protect positions… pic.twitter.com/PUgaNy2EcI

— Jupiter (🐱, 🐐) (@JupiterExchange) October 29, 2025

All V2 orders are privacy-protected to prevent front-running. The system keeps orders private until the trigger price is reached. Jupiter stated this feature protects trading strategies from being exploited by other market participants.

Privacy Protection Against MEV
The privacy mechanism addresses a common vulnerability in decentralized exchanges where pending transactions can be observed and exploited. Front-running attacks occur when bots or traders detect profitable transactions in the mempool and execute similar trades first by paying higher fees.

This front-running practice extracts value from the original trader’s intended transaction. Jupiter’s V2 system prevents this by concealing order details until execution conditions are met. While these privacy features don’t eliminate the MEV problem completely, they do provide an additional layer of protection for traders.

New Order Types and Pricing Options
Traders can now set limit orders based on a token’s USD price or market cap, eliminating the need for manual conversions or pool ratio calculations. The system handles the conversion automatically. V2 also corrects how Buy Above and Stop Loss orders function.

In V1, setting a limit buy above market price or a limit sell below market price would trigger an instant market order. V2 only executes these orders when the market actually reaches the specified limit price.

Advanced Trading Features
The platform supports bundled orders through a One-Cancels-Other mechanism. Traders can place both a Take Profit and Stop Loss on a single position. When either order triggers, the other cancels automatically. This allows traders to set both upside targets and downside protection simultaneously.

V2 also enables instant editing of live orders. Traders can update active orders without canceling and resubmitting them, allowing faster adaptation to market changes.

The V2 launch comes as Jupiter expands its ecosystem. The platform is partnering with Ethena Labs to introduce Jupiter’s JupUSD stablecoin later in 2025. The Solana network itself is attracting growing institutional interest, with Western Union on Solana planning to launch its exclusive USDPT stablecoin by mid-2026.

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

As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

Zoran Spirkovski on X

BONK Tests Support as Volume Surges 122% in Solana SelloffBONK broke $0.0000146 support on heavy volume but found buyers near $0.0000143 as traders eye potential base formation. Oct 29, 2025, 3:19 p.m.

BONK-USD extended its slide Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downard pressure across the broader ecosystem.

The decline marked a decisive break below $0.0000146 support, a key level that had held for much of the past week, confirming a short-term bearish structure, according to CoinDesk Research's technical analysis data model.

The 24-hour trading range spanned roughly $0.0000090, reflecting 6.2% intraday volatility typical of BONK’s highly speculative nature. Volume surged to 1.26 trillion tokens around 20:00 GMT, representing a 122% increase over the 24-hour average — a signal that institutional and algorithmic traders were active during the breakdown.

After peaking near $0.0000152, BONK failed to sustain its gains, printing a series of lower highs between 19:00 and 21:00 GMT before cascading toward the $0.0000143 zone.

Despite the weakness, buying interest emerged late in the session as volume spikes between 01:32 and 01:50 GMT brought modest relief. The token rebounded slightly to $0.0000143291, forming a higher low near $0.0000142930, which suggests early base-building at support.

The token’s immediate focus now lies within the $0.0000143–$0.0000144 consolidation band, with upside momentum capped by resistance at $0.0000144018 and $0.0000146.

Traders expect continued range-bound activity, with tactical opportunities for accumulation near current levels.

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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Michael Saylor's Strategy Drops $18B in Value, but a Rebound May Be Near: 10X Research

The company is expected to report another quarterly profit on Thursday, possibly reviving expectations for S&P 500 inclusion, 10x Research's Markus Thielen argued.

What to know:

Bitcoin treasury firm Strategy (MSTR) has slumped 40% since July, but a potential rebound nears with upcoming catalysts, 10x Research's Markus Thielen said.Thielen expects the company to report a third quarter $3.6 billion profit from BTC mark-to-market gains, reviving speculation about S&P 500 inclusion.Inclusion in the index could mean $28 billion of buying pressure on the stock, said Thielen.Read full story

XRP is hovering near a crucial resistance zone, leaving traders divided over whether the token will experience one last pullback before a strong bullish reversal. The cryptocurrency, currently trading close to the $2.80 mark, has been consolidating within a narrow range, suggesting that a decisive move could be on the horizon.

Home / Price Analysis / Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align

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Highlights

A crypto analyst predicts that the XRP price will jump to $10 in the near or medium term. The analyst pointed to the Elliot Wave pattern analysis since it is now in the second phase. The existing XRP ETFs have had robust ETF inflows in the past few months.

XRP price has moved sideways in the past few days as the recent bull run stalled. Ripple was trading at $2.6290 today, Oct. 29, up by 50% from its lowest point this month. Still, one crypto analyst predicts that the token will go parabolic and hit $10, citing the Elliot Wave pattern and the ongoing ETF inflows.

About Author

About Author

Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.

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.

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Bitcoin price’s recent rally yesterday ran into resistance just above $116,000, settling under $113,000 at the time of writing, as traders weigh broader macroeconomic signals ahead of today’s Federal Reserve announcement. 

The cryptocurrency market’s total capitalization has retreated 1.4% over the past 24 hours to $3.81 trillion, according to Bitcoin Magazine Pro data, even as U.S. equities continue to reach fresh highs.

Attention, both in the bitcoin and broader markets, is squarely on the Federal Open Market Committee (FOMC) rate decision coming later today, widely expected to deliver a 25-basis-point cut to the benchmark interest rate. 

Cooler-than-expected consumer price inflation last week and a slowing labor market have fueled expectations for this reduction, with markets seeming to be pricing in nearly two more cuts by year-end. 

Lower interest rates historically boost risk appetite, including demand for Bitcoin, by reducing yields on cash and bonds and increasing liquidity in financial markets.

However, the immediate impact of today’s rate cut may be muted, as it may be already priced in. 

Investors will be scrutinizing Fed Chair Jerome Powell’s press conference for guidance on the future trajectory of monetary policy. 

A key question remains whether the Fed will signal an end to its Quantitative Tightening program, a dovish move that could inject further upside momentum into risk assets. Powell has previously indicated that the Fed is nearing this stage, though uncertainty from the ongoing government shutdown clouds the outlook.

Complicating matters, the U.S. labor market exhibits signs of weakness despite low unemployment, with average job search durations remaining historically long and hiring activity subdued. 

Inflation remains above the Fed’s 2% target, partly due to lingering tariffs. 

Institutional Bitcoin demand
Institutional demand for Bitcoin remains supportive. BTC ETFs have recorded consistent net inflows, with $202.4 million added on Tuesday alone, reflecting growing confidence in the asset among professional investors. 

On the technical side, Bitcoin continues to hold above a rising trendline dating back to May, with immediate resistance at $114,500 and support at $112,000. 

A break above the former could target $120,000, while a slip below the latter may see a pullback toward $106,500.

As the Fed’s decision approaches, Bitcoin remains at the crossroads of macroeconomic policy, technical positioning, and investor sentiment. 

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 junior news reporter for Bitcoin Magazine, based in North Carolina.

In brief
A meme coin tied to a statue of Binance founder Changpeng "CZ" Zhao surged on Wednesday
The statue was shown in Washington, D.C., for a handful of hours on Tuesday.
Unaffiliated meme coins with similar branding may be causing confusion for traders.
A meme coin tied to a golden statue of Changpeng "CZ" Zhao surged early on Wednesday after the Binance founder encouraged people via social media to not buy the token.

The meme coin, CZSTATUE—which was issued on BNB Chain earlier this week—jumped to a market capitalization of $4 million, from $3 million, an hour after Zhao said on X that its creator “probably just wanted to make a quick buck off an interaction with me.”

Trading grew as the morning progressed. The meme coin recently had a market capitalization of $1.1 million after briefly spiking to $6.8 million. Over the past day, it had generated $20 million worth of trading volume, according to crypto data provider DEXTools.

While I want to appreciate the gesture, the fact that there is a meme coin associated with this means the creator probably just wanted to make a quick buck off an interaction from me. This is something I don't appreciate. Don't buy the meme.

I would also never accept a statue of… https://t.co/GLmBgxqP6C

— CZ 🔶 BNB (@cz_binance) October 29, 2025

On X, Zhao said that he wanted to appreciate the 14-foot tall statue that was shown in Washington, D.C., on Tuesday for a handful of hours. However, he suspected its creators were trying to use his image, and recent presidential pardon, to enrich themselves.

“This is something I don’t appreciate,” Zhao said. “Don’t buy the meme.”

Despite reports that mistook unaffiliated meme coins for the BNB-based asset backed by the statue’s creators, the official meme coin’s price had increased 30% over the past day.

One of the statue’s creators, who goes by Nick Zee, told Decrypt that the confusion was disappointing, accusing others of trying to capitalize on his work with tokens of their own.

“They’re like hyenas,” he said. “I used to love the space, but I just came to the conclusion that nobody's genuine, nobody's honest. Everyone’s here for one thing: to make money off you.” 

The smart contract address for the official meme coin ends in “4444,” a reference to the four-fingered gesture that Zhao popularized in 2023 as shorthand for ignoring fear, uncertainty and doubt (aka “FUD”) amid heightened regulatory scrutiny.

Zee told Decrypt earlier this week that an anonymous collective of donors—who put up $50,000 to fund the initiative—planned to gift the statue to Zhao or auction it off to benefit the Binance founder’s educational nonprofit. That’s still the plan, Zee said on Wednesday.

“Our goal was to get CZ to acknowledge our presence,” Zee said, referring to Zhao by his initials. “We intend to give the statue to CZ, but he doesn't seem to quite like it a lot.”

On X, Zhao said he would “never accept the statue,” indicating that only an “egomaniac would have a statue of himself in his house.”

The initiative is unaffiliated with a group of people who set up a statue of U.S. President Donald Trump holding a Bitcoin near the U.S. Capitol in September. Those individuals also issued a meme coin tied to the project.

Meme coins trade on little more than vibes, making them susceptible to price swings based on social media activity or people’s attention. In recent years, tech CEO Elon Musk’s affection for Dogecoin and Trump’s knowledge of his meme coin have been high-profile examples.

The president issued Zhao a pardon last week, who pleaded guilty to a criminal charge related to anti-money laundering violations in 2023, as part of a $4.3 billion settlement between him, the exchange, and U.S. law officials. Zhao served four months in prison last year.

The pardon proved controversial, given Binance’s ties to World Liberty Financial, the Trump family’s crypto firm. The firm’s project’s USD1 stablecoin was tapped for a $2 billion investment in Binance from Abu Dhabi-based sovereign wealth fund MGX earlier this year.

On Monday, Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) backed a resolution condemning Trump’s pardon of Zhao, arguing that it's a symptom of corruption.

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The network’s native token, ADA, dropped 3% over the past 24 hours as selling pressure mounted and altcoin rotation gained pace. Oct 29, 2025, 3:29 p.m.

Cardano’s native token, ADA, fell sharply Wednesday, dropping over 3% to 64 cents as it broke through a critical support level and confirmed a shift in market sentiment, CoinDesk Analytics data found.

The breakdown began Tuesday, when trading volume spiked 67% above its 24-hour average. Nearly 183 million tokens changed hands as ADA slipped below 64.5 cents, triggering sales and setting off a move toward lower support zones.

The move reflected growing uncertainty in altcoin markets as institutional flows turned negative. According to CoinShares, ADA saw $300,000 in outflows this week, following $3.7 million in inflows from the prior week. Analysts point to delays in crypto ETF approvals and broader risk-off behavior as key reasons for the rotation out of altcoins and into more stable assets.

Technical indicators now show strong resistance at 65.50 cents, with ADA’s recent lower highs from the 67.19 cent peak reinforcing a bearish trend. Unless buyers reclaim that resistance, analysts say the token could retest the 64 cent level, with further downside possible.

The broader crypto market also stumbled. CoinDesk’s CD5 index dropped 2% in the past 24 hours, underlining continued pressure across digital assets heading into the final months of the year.

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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At a Glance

The GENIUS Act in the U.S. gave private stablecoin issuers a legal framework while stalling a government issued CBDC.
Tether, issuer of USDT, earned record profits and became one of the largest private holders of U.S. Treasuries.
The company’s cooperation with regulators and law-enforcement shows how stablecoins function as compliance rails, not as alternatives to them.
Many Bitcoin advocates now align with Tether’s ecosystem, unintentionally helping extend the fiat system they claim to resist.

Bitcoin’s Quiet Compromise
When the GENIUS Act became law on 18 July 2025, the crypto industry celebrated it as the end of regulatory uncertainty. The Act requires licensed stablecoin issuers to hold liquid reserves such as cash and U.S. Treasuries, publish monthly disclosures, and submit to federal or state supervision. At the same time, Congress shelved a federal central bank digital currency.

Supporters saw this as a victory for innovation, but critics called it a quiet federalization of private money. The United States no longer needs to issue its own digital dollar. It has simply delegated that function to private issuers operating under oversight. For Bitcoiners, whose movement was built around sound, decentralised money, that shift should have triggered alarm bells.

Tether’s Private Empire
The biggest beneficiary of this new framework is Tether Limited, whose USDT token dominates global stablecoin supply. In its Q2 2025 attestation, Tether Limited reported a net profit of approximately $4.9 billion and total exposure to U.S. Treasuries exceeding $127 billion. Treasury bills and reverse repo holdings. Its balance sheet showed nearly $120 billion in Treasuries, making Tether one of the world’s largest private holders of U.S. government debt.

Custody of those assets rests with Cantor Fitzgerald, the Wall Street firm led by Howard Lutnick. Lutnick has publicly defended the soundness of Tether’s reserves, confirming Cantor’s role as custodian while emphasising that it holds no equity stake in the company. 

The connection is now more delicate: Lutnick was later nominated for a senior White House economic position overseeing elements of trade and financial regulation. That appointment places a federal policymaker in proximity to one of the largest private holders of U.S. government debt and the key custodian for a company whose dollar backed token depends on the U.S. Treasuries for profit. The optics are uncomfortable. What began as a business relationship now blurs into a potential conflict of interest, embedding Tether in Wall Street’s plumbing and within the political apparatus that governs it.

In effect, Tether has become a private central bank: issuing dollar liabilities, earning seigniorage, and distributing liquidity through the crypto economy, all while piggy backing on U.S. sovereign debt. Its profit per employee rivals the most profitable institutions in finance.

Surveillance by Proxy
Stablecoins promise fast, borderless payments; however, their architecture depends on compliance. Since December 2023, Tether has maintained a proactive wallet-freezing policy for addresses sanctioned by the U.S. Office of Foreign Assets Control. The company says it has frozen billions in tokens linked to illicit activity and now works directly with the U.S. Secret Service and FBI. 

This is not inherently sinister, it’s what regulators demand, but it means enforcement now operates within the money itself. The control lever no longer sits solely with banks, it resides in the smart contract of the token issuer.

As Tether expands USDT onto Bitcoin adjacent networks such as Liquid and the RGB protocol, the same compliance logic will travel with it. The more Bitcoin infrastructure hosts these tokens, the more identity, KYC, and whitelisting mechanisms will appear around Bitcoin wallets and payment channels. The network that once prided itself on neutrality risks becoming a conduit for surveillance grade rails.

The Political Economy of the Digital Dollar
The GENIUS Act’s passage also realigned the politics of digital currency. Its sponsors framed it as an anti-CBDC measure, arguing that private stablecoins preserve choice and limit government power. However, the result is nearly identical to what a central bank digital currency would achieve: programmable, trackable dollars, only administered by corporations instead of the Fed. Some analysts have called this the birth of a “CBDC by proxy.“

The policy also meshes neatly with fiscal priorities. Every USDT minted represents demand for short dated Treasuries, effectively financing the same government that stablecoin advocates claim to bypass. Tether’s profits flow from the interest rate paid on those securities, an invisible subsidy from public debt to private issuers.

By situating stablecoins within the traditional bond market, the U.S. has created a dollar based feedback loop: bitcoin demand supports Treasury issuance, and Treasury yields support bitcoin profitability. In that loop, decentralization is incidental.

Co-opting the Bitcoin Narrative
Within the Bitcoin community, opposition to altcoins remains strong, but sponsorships, event partnerships, and integrations show how quickly principle bends toward funding. Bitcoin conferences increasingly feature Tether executives and supporters on stage, often framed as “bridges” to adoption. 

A familiar refrain has emerged among those bitcoiners who take money from Tether,  ‘if stablecoins are inevitable, it’s better they be run by Bitcoiners’. Another popular defence is that Tether provides a lifeline for people in countries locked out of the dollar system or suffering from hyperinflation and collapsing economies. This is an emotionally persuasive narrative.  These convenient mantras turn compromise into virtue, allowing Bitcoiners to take sponsorships and funding from the same system they once swore to oppose.

That logic may offer comfort to some, but erodes clarity. USDT on Bitcoin does not make Bitcoin more sovereign; it makes the dollar more omnipresent. When Bitcoin developers or advocates align with Tether for sponsorship or exposure, they lend moral legitimacy to a system that thrives on fiat’s dominance. The irony is that Bitcoin’s fiercest defenders are now helping entrench the very structure it was built to escape.

Follow the Money
Tether’s scale gives it power in markets and in messaging. With billions in annual profits and deep links to Wall Street custodians, it can sponsor conferences, fund research, and influence narratives across the digital asset world. Its executives appear frequently at policy forums to present stablecoins as allies of innovation and freedom. Each appearance helps normalise the idea that regulated, dollar denominated tokens represent progress for Bitcoin.

But the money tells a different story. Each stablecoin transaction that settles in USDT extends the dollar system’s reach and perpetuates the weaponization of money. Every layer of compliance embeds surveillance deeper into the blockchain economy. And every Bitcoiner who accepts that trade off helps build a network where decentralization endures mostly as branding.

Bitcoin doesn’t need a conspiracy against it; it only needs its followers to forget what made it different. The GENIUS Act, the rise of Tether, and the regulatory preference for private rails all point to a future where digital cash exists, but never without permission. The Trojan horse is not Tether, it’s the belief that working with it preserves freedom.

In the end, too many Bitcoiners remain exactly where Tether wants them, still tethered to the system they are trying to escape.

Plain Memo

Plain Memo is an anonymous contributor from the Bitcoin space.

TL;DR:

Ethereum launches “Ethereum for Institutions” to guide enterprise adoption.
L2 ecosystem exceeds $50B, offering scalability and compliance tools.
Institutional adoption accelerates with case studies, analytics, and enterprise-grade infrastructure.

The Ethereum Foundation has unveiled the official “Ethereum for Institutions” website to guide enterprises, builders, and institutions in adopting Ethereum. Managed by the Foundation’s Enterprise Acceleration Team, the site emphasizes Ethereum’s role as a core infrastructure layer for global financial transactions. With over 1.1 million validators securing the network, the platform underpins billions in asset management and transaction volume through institutional partners like BlackRock, Visa, eToro, and Coinbase.

Scaling Institutional Adoption Through L2 and Innovation
The website showcases Ethereum’s $50 billion L2 ecosystem, demonstrating the network’s ability to scale for enterprise usage while maintaining decentralization and security. Innovations in privacy and compliance, including ZK proofs, fully homomorphic encryption (FHE), and Trusted Execution Environments (TEEs), offer enterprises tools for regulatory alignment and secure operations. These features position Ethereum as a preferred infrastructure for institutional DeFi, payments, and enterprise-grade blockchain solutions.

The Foundation emphasizes institutional-grade products and integrations, highlighting how Layer 2 networks enable faster transaction throughput and lower fees without compromising security. Enterprises can leverage L2 solutions for high-volume operations, while developers gain guidance on deploying decentralized applications and smart contracts optimized for large-scale usage. This ecosystem expansion signals Ethereum’s readiness to support corporate and institutional blockchain adoption globally.

Beyond technical infrastructure, the platform features case studies and analytics on how enterprises have utilized Ethereum to transform payments, trading, and financial workflows. By connecting blockchain technology with enterprise needs, the Foundation fosters confidence among investors and institutions, demonstrating how Ethereum can facilitate scalable, compliant, and innovative financial applications.

With the new site, the Ethereum Foundation aims to accelerate mainstream institutional engagement, helping organizations navigate complex regulatory environments while leveraging blockchain for operational efficiency. The initiative marks a strategic push to position Ethereum as the leading institutional blockchain network, highlighting its transformative potential for the global financial system.

TL;DR

Companies hold more than 4% of the total Ethereum supply.
BitMine owns 3.31 million ETH after increasing its holdings by 25%.
Corporate reserves of Bitcoin and Solana show slower growth.

Corporate holdings of Ethereum have now surpassed the four percent threshold of its total supply. This level of accumulation exceeds the proportional treasury reserves for both Bitcoin and Solana. Data indicates that seventy distinct entities now control more than six million ETH. BitMine maintains the largest single corporate reserve, holding 3.31 million tokens.

Their acquisition of Ethereum has accelerated throughout October. In contrast, corporate purchasing activity for Bitcoin and Solana has slowed during the same period. For Bitcoin, corporate treasuries hold approximately 3.6 percent of the total supply. Solana corporate reserves account for 2.7 percent of its supply.

Corporate Strategy Shifts Toward Ethereum
The composition of these Ethereum holdings varies. Some entities retain allocations from initial coin offerings conducted years ago. Others represent new purchases executed with corporate capital. BitMine increased its own Ethereum holdings by twenty-five percent in the last month. This aggressive accumulation strategy places the company on a path to control five percent of the entire ETH supply.

The utility of Ethereum reserves differs from the more passive holding strategy common with Bitcoin. Companies like BitMine and SharpLink have announced plans to integrate these assets into decentralized finance protocols. Potential use cases include staking and liquid staking to generate yield. This approach treats the digital asset as a productive holding rather than a static investment.

Meanwhile, the stock market valuation for these treasury companies has stabilized. Most firms now trade at a market price that closely matches the underlying value of their digital asset holdings. This normalization follows a period of heightened speculation earlier in the year. The current trend suggests a maturing sector where corporate digital asset management is becoming an established financial practice.