Market Signal Briefing

Journalist

Posted: November 13, 2025

Key Takeaways
What drives ADA’s improving sentiment and early breakout pressure?
ADA gains strength from synchronized crowd and smart-money sentiment, tighter price compression, and rising Taker Buy dominance.

What levels matter for Cardano traders now?
$0.6183 caps upside pressure, while $0.5426 remains critical support during the next breakout attempt.

Cardano [ADA] gained strength as both retail traders and smart-money participants showed synchronized optimism across sentiment dashboards. Crowd sentiment leaned mildly bullish, while smart-money readings showed stronger conviction and pointed to firmer accumulation behavior.

That alignment rarely appeared during corrective phases.

As a result, it added a meaningful psychological boost to ADA’s short-term outlook.

Is ADA preparing for a breakout from its tightening channel?
ADA traded at $0.5650 and continued to compress inside a narrowing descending channel. The structure dominated recent price action.

The price approached the upper boundary of the wedge and attempted to build early breakout pressure.

On top of that, repeated bounces near the $0.5426 support showed consistent defense from buyers.

However, resistance at $0.6183 remained a key barrier. Descending channels often produced decisive moves once volatility compressed long enough.

Source: TradingView

Taker Buy dominance grows
Taker Buy CVD showed buyers absorbing sell-side pressure consistently, and this shift confirmed the presence of active demand in the Futures market.

The cumulative trend favored buyers and strengthened short-term momentum. That activity suggested aggressive participants were using market orders rather than waiting for retracements.

This behavior often marks the start of stronger continuation moves. 

Additionally, the alignment between sentiment and order flow added weight to the emerging bullish structure. Altogether, the market showed improving strength as buyers maintain initiative.

Open Interest rises as traders increase exposure
Open Interest climbed by 2.66% to $681.16 million, and this increase reflected growing participation across Derivatives traders. 

Higher OI usually leads to stronger volatility, and this expansion shows that traders commit more capital to ADA. 

The OI expansion aligned with the tightening price structure, increasing the likelihood of a sharp move once ADA left the wedge.

By contrast, higher OI also increased liquidation risk if the price rejected near major resistance.

Longs dominate Binance positioning
Binance’s Long/Short Ratio showed 69.48% long accounts versus 30.52% short accounts. The account ratio of 2.28 confirmed traders leaned toward upside expectations.

Rising long exposure often reinforced bullish momentum when combined with stronger sentiment and rising OI. However, crowded long positioning could intensify volatility during abrupt pullbacks.

Even so, the positioning data supported a bullish narrative as traders shifted toward upside continuation.

Conclusively, Cardano displayed a rare combination of strengthening sentiment, rising futures demand, expanding Open Interest, and a tightening price structure near a breakout zone.

Since several independent indicators align, ADA is entering a phase where momentum could shift decisively. 

Although resistance at $0.6183 remains critical, the current setup favors bullish continuation if buyers sustain pressure. 

Therefore, ADA holds a realistic chance to push higher once it breaks the descending channel, but bulls must maintain strength at the $0.54 support zone.

Tether provided blockchain intelligence to Thai and U.S. agents, enabling the seizure of $12 million in USDT and the arrest of 73 individuals connected to a sprawling transnational scam network operating across Southeast Asia.

Summary

Tether helped Thai and U.S. authorities seize $12M in USDT from a transnational scam.
Seventy-three individuals were arrested, and additional assets worth over 522 million baht were recovered.

According to a press release dated Nov. 13, the operation was spearheaded by Thailand’s Technology Crime Suppression Division, which worked in concert with the U.S. Secret Service.

The coordinated effort led to the arrest of 73 individuals, including 51 Thai nationals and 22 foreigners, and the seizure of additional assets valued at over 522 million baht. Tether said its involvement provided key blockchain analysis that enabled authorities to trace the movement of the stolen USDT across the digital ledger.

“This operation highlights how blockchain transparency can empower law enforcement to act quickly and effectively against criminal activity,” Tether CEO Paolo Ardoino noted. “We are committed to supporting law enforcement around the world in freezing illicit assets, protecting victims, and ensuring that USDT continues to serve as a transparent tool for global commerce.”

Tether’s ongoing role
Tether’s involvement in the Southeast Asia seizure builds on a broader pattern of collaboration with law enforcement worldwide. Over the past year, the company has supported multiple high-profile operations aimed at halting illicit flows of digital assets.

In June, the U.S. Department of Justice publicly acknowledged Tether’s assistance in a landmark case that led to the seizure of approximately $225 million in USDT. The cooperation deepened this past March, with Tether acting on requests from the U.S. Secret Service to immobilize $23 million in illicit funds connected to transactions on the sanctioned crypto exchange Garantex.

In that same month, the company also moved to freeze an additional $9 million linked directly to the sophisticated attack on the Bybit exchange. The scale of this behind-the-scenes work is further illustrated by Tether’s disclosure that it has now blocked over 3,660 wallets at the request of law enforcement, with 2,100 cases conducted in direct coordination with various U.S. agencies.

According to the release, Tether has provided support to more than 290 law enforcement agencies across 59 different jurisdictions. 

Bitcoin has fallen sharply, dropping under $100,000 per bitcoin to hit its lowest level since May—and fueling fears a bitcoin price crash nightmare could be coming true.

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

The bitcoin price has struggled to regain momentum since hitting an all-time high in October, dropping 20% to plunge bitcoin into bear market territory (even as JPMorgan reveals a huge bitcoin bet).

Now, as traders brace for U.S. president Donald Trump to deliver a bitcoin price shock, analysts are scrambling to decode what the data blackout might mean for the coming Federal Reserve interest rate meeting.

Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

ForbesGoldman Sachs Quietly Issued A Serious Fed Warning As The Bitcoin Price Suddenly Bounces Back

Federal Reserve chair Jerome Powell is stuck in a data blindspot ahead of the December interest rate meeting, with uncertainty piling pressure on the bitcoin price.

Getty Images

“Today was supposed to see the delayed release of the U.S. CPI report from October, but instead it appears the government shutdown has created a black hole in the flow of federal data that may never get repaired," Nic Puckrin, crypto analyst and co-founder of The Coin Bureau, said in emailed comments.

The Fed restarted its interest rate cutting cycle in September after putting it on hold due to fears Trump’s trade tariffs could drive up inflation, delivering two consecutive interest rate cuts but leaving markets clamouring for more.

“This is the worst outcome from the point of view of policymakers—it’s tantamount to walking a tightrope with a blindfold on," Puckrin said. "So it’s no wonder we’ve seen the odds of a December rate cut fall sharply, with just over half of market participants expecting lower rates come December 10, according to the CME’s FedWatch tool.”

Yesterday, it was revealed economic reports for October may not ever be released because of the government shutdown.

“The Democrat shutdown made it extraordinarily difficult for economic economists investors and policy makers at the Federal Reserve to receive critical government data,” press secretary Karoline Leavitt said in comments reported by CNBC.

However, National Economic Council Director Kevin Hassett told Bloomberg that the delayed jobs data for last month will be partially released.

Earlier this week, Goldman Sachs analysts warned the U.S. may have seen the biggest decline in jobs since late 2020 as the Fed trawls for data ahead of its December interest rate meeting—which had been hoped to reigite the bitcoin price bull run.

“Without a clear indication of how the economy is doing, investors may jump to worst-case scenarios,” Puckrin added. "So, as the most uncertain FOMC meeting of the year looms, we could see a further flight to safety and defensive assets. Traders would do well to stay on their toes in the next few weeks, especially if they’re allocating to high-risk assets like bitcoin.”

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

ForbesJPMorgan Reveals Huge Bitcoin Bet As It Predicts A $3.5 Trillion Price BoomBy Billy Bambrough

The bitcoin price has dropped sharply, setting off panic that the bitcoin price could see a full-blown crash.

Forbes Digital Assets

Meanwhile, the bitcoin and crypto fear and greed index, a measure of market sentiment, has fallen sharply to “extreme fear" over the last week, dropping by almost 10 points over the last 24 hours alone.

“The cryptocurrency fear index has fallen to 15, its lowest level since 4 March,” Alex Kuptsikevich, FxPro chief market analyst, said in emailed comments and warning it could be an “alarming” signal of things to come.

“Notably, the cryptocurrency market has been left out of the recent rally in precious metals and stock indices. If this is not an attempt by whales to lock in profits from the rally since April or even from the growth of the last two years, then it is an alarming signal of deep-seated risk aversion that is about to manifest itself in larger markets.”

Mempool.space developer and analyst Mononaut has published a detailed critique warning that the proposed “Reduced Data Temporary Softfork” could disable legitimate transaction types across the network.

XRP

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

November 13, 2025

XRP price prediction has taken center stage this week after the first U.S. Spot XRP ETF officially went live, opening for trade under Canary Capital’s XRPC ticker and drawing strong early demand from investors.

According to Bloomberg ETF analyst Eric Balchunas, the fund recorded $26 million in trading volume within its first 30 minutes, marking one of the most active ETF debuts of the year.

Balchunas said the XRPC “has a good shot at beating $BSOL’s $57 million as the biggest Day One volume of any ETF launched this year,” hinting at the growing appetite for regulated exposure to XRP among institutional traders.

XRPC ETF Brings Institutional Access to XRP LedgerIn a November 13 post, Canary Capital described the XRPC as a product designed to provide exposure to XRP, the native token of the XRP Ledger, reflecting the network’s performance across payment and liquidity protocols.

Following the announcement, XRP jumped 3% to reach $2.40, with daily trading volume climbing to $6.24 billion, a 34% increase since the ETF opened for trade.

Bitwise CIO Matt Hougan applauded the launch, calling it a bold step for crypto ETFs and a sign of how sentiment is evolving.

“The median opinion of a crypto asset does not determine an ETF’s success,” he said. “You’d rather have 20% of people love an asset than 80% of people kinda vaguely like it.”

His comment explains XRP’s polarized reputation, often criticized by segments of the crypto community yet consistently supported by a loyal base of investors and developers.

Meanwhile, CryptoQuant data shows that large investors and whales were already positioning ahead of the ETF announcement.

“Before the XRP Spot ETF news, futures data showed a clear rise in whale-sized orders while prices were still compressed,” analysts at the firm observed.

Source: CryptoQuantThis “whales-first, retail-last” pattern is a familiar sight in crypto markets and often signals a shift toward more aggressive price action.

“Once retail enters late, the market typically becomes more volatile and sentiment-driven,” CryptoQuant noted.

XRP Price Prediction: Elliott Wave Setup Points to $5 BreakoutMultiple market analysts now predict XRP could finish 2025 above $3.50, with potential to reach $5 by 2026 if institutional inflows sustain momentum.

The XRP/USD chart displays an Elliott Wave analysis projecting a dramatic bullish scenario.

The chart shows that XRP has completed a five-wave impulse structure from 2013 to 2018 (Wave 1), followed by a prolonged corrective Wave 2 that bottomed around 2023.

The analysis indicates XRP is now in the early stages of Wave 3, historically the most powerful impulse wave.

Source: X/BtcbaloThe projection shows a potential rally toward the $5-6 range, representing over 150% gain from current levels around $2.40

Key Fibonacci extension levels are marked, with the 0.786 extension around $2.20 (already achieved) and the 1.00 extension near $3.5 serving as the next target before the 1.618 extension near $5.5

Maxi Doge (MAXI) Draws $4M as Investors Hunt High-Yield Meme PlaysAs institutional money floods into ETFs, retail traders are turning to presale projects that offer better entry points and strong staking incentives.

One standout is Maxi Doge (MAXI), a meme coin with muscle that’s already raised over $4 million in its ongoing presale.

Unlike typical dog-themed tokens, Maxi Doge pairs meme culture with real staking utility.

The presale runs in staged rounds, with the current price at $0.000268 and small increments between stages, giving early buyers a clear advantage ahead of its DEX listing.

Investors can buy $MAXI using ETH, BNB, USDT, USDC, or a bank card, with no minimum investment, and can stake it immediately for an estimated 78% annual yield.

Visit the Official Website Here

Follow us on Google News

TL;DR:

Solana ETFs have attracted over $400M in total inflows, extending a multi-week streak.
Institutional investors see SOL as a leading alternative to Bitcoin and Ethereum.
Growing utility, scalability, and stable demand reinforce Solana’s long-term appeal.

Institutional investors are doubling down on Solana as the network’s ETFs continue to attract strong inflows for the second consecutive week. Over $400 million has now poured into Solana-linked products, underscoring its growing appeal among asset managers and traders seeking diversified exposure beyond Bitcoin and Ethereum.

Institutional Momentum Boosts Solana’s Market Presence
The recent surge in ETF inflows has positioned Solana as one of the fastest-rising digital assets among institutional investors. This trend reflects confidence in the blockchain’s expanding ecosystem and performance efficiency, which continues to rival leading layer-1 networks. Analysts note that the steady demand signals a maturing market phase, where traditional finance increasingly embraces alternative crypto assets with strong fundamentals.

Solana’s total ETF inflows have exceeded $380 million this quarter, putting it firmly behind only Bitcoin in global fund interest. This consistency contrasts with outflows seen in other altcoin-based products, suggesting investors view SOL as a high-conviction long-term play. As the crypto market recovers from months of volatility, Solana’s sustained capital inflow demonstrates both resilience and renewed optimism for its ecosystem.

Institutional demand has been fueled by Solana’s growing real-world utility, including decentralized finance applications, non-fungible tokens, and increasing integration with payment platforms. The network’s scalability and low transaction fees continue to attract developers and investors alike, creating a virtuous cycle of adoption and liquidity. With major fund managers now actively tracking Solana’s on-chain metrics, its position in institutional portfolios is becoming increasingly strategic.

Market analysts caution that while the momentum appears sustainable, future inflows will depend on macroeconomic stability and regulatory clarity. Nonetheless, the steady rise in ETF demand reaffirms Solana’s status as a credible and expanding force in the crypto investment landscape. For many, the recent streak of inflows signals a pivotal shift — one where institutional capital is not just experimenting with blockchain, but actively betting on its next frontier.

Crypto isn’t just complicated—it’s a communication challenge. With wallets, DeFi, tokenized assets, and endless trading options, users can easily get lost in the noise. Enter Aguirre Franco, Bitget’s new Chief Marketing Officer.

Summary

Selling crypto is challenging due to its complexity
Marketers need to focus on user experience, pain points, and expectations
The future is in universal exchanges, spanning both crypto and traditional finance

Franco is tackling the problem head-on. In this Q&A, Franco breaks down how exchanges can speak to real users, the rise of “universal” platforms bridging crypto and traditional finance, and why AI-driven tools like Bitget’s GetAgent are redefining what it means to trade—and learn—crypto today.

Crypto.news: Now that you’ve had some time to assess Bitget, how does the exchange approach marketing to potential users, especially those new to crypto?

Aguirre Franco: If you look back two years, there was this sharp divide between centralized and decentralized exchanges. They were like two completely separate camps, with almost no interaction. But that’s changing.

Today, we’re moving toward what we call the universal exchange model. Instead of treating centralized and decentralized systems as competitors, we’re treating them as complementary. Each one offers something valuable.

That’s what attracted me to Bitget. I’ve always appreciated the openness and transparency of DeFi—permissionless access, peer-to-peer trading, etc.—but there are real challenges, too. UX is often poor. Liquidity can be fragmented. And there’s a security layer that centralized systems can offer, which many users still want.

So when we talk about Bitget evolving into a universal exchange, we’re not just throwing around a buzzword. It’s about building a gateway—a single access point—for financial tools that people around the world can actually use.

CN: How do you approach different users, especially those in emerging markets?

Franco: I was born in Mexico City, and I’ve lived in both emerging and developed markets. The contrast is stark. In Europe, you have first-class access to banking and financial products. In many emerging markets, that’s not the case. For a lot of people in Latin America, Southeast Asia, and elsewhere, their first debit card won’t come from a bank—it’ll come from a crypto exchange. Why? Because it’s more accessible.

What Bitget is building is a hybrid platform that lets you access everything: crypto, tokenized stocks, payment rails, DeFi liquidity pools, and even TradFi instruments. One product, multiple layers of financial access.

You get the security and compliance of a centralized platform, combined with the flexibility and variety of assets of decentralized systems. On top of that, we’ve developed something we’re proud of—our AI engine, GetAgent.

CN: What does this AI assistant do?

Franco: GetAgent is an AI assistant built into the platform. But this isn’t Siri. It’s data-driven, trading-focused, and designed to help users—from first-timers to pros—understand the market better.

For someone new to crypto, GetAgent is a game-changer. You can ask it things like, “Is this a good time to buy Bitcoin?” and it won’t just give you a vague answer—it’ll provide technical indicators, market trends, RSI, recent price movements, and sentiment. And if you’re ready, you can say, “Buy $50 of Bitcoin,” and it will guide you through it, all in one flow.

And of course, there are confirmations—you’re always in control. But it goes beyond basic transactions. You can ask things like, “How balanced is my portfolio?” or “What optimizations can I make?” It’s there to help users learn, not just trade.

And it works on both ends of the spectrum. If you’re brand new, it’s educational. If you’re a pro trader, it’s a tool for validation. You can say, “I’m planning this trade—what do the metrics say?” and it’ll surface relevant data in real time.

CN: Crypto exchanges have become a somewhat crowded space. How do you communicate in a way that you stand out from the rest?

Franco: The key is recognizing that exchanges can’t just be trading venues anymore. That era’s done. We’re not here just to list coins and offer trading pairs—we’re building a platform for the broader digital economy.

So yes, we have GetAgent, and we support on-chain access with over two million tokens. We’ve also introduced perpetual contracts for stocks—allowing users to trade tokenized stocks 24/5 using USDT or other stablecoins. It’s fast, efficient, and accessible. That’s a huge differentiator.

But it’s more than features. We’re trying to build a safe, intuitive, and all-in-one financial experience. For example, we have 1.8x proof of reserves and an $800 million protection fund. We’ve also got a 70-person compliance team working closely with regulators to build scalable, future-proof frameworks.

That blend, compliance, innovation, and accessibility is what we believe sets us apart.

CN: You’ve worked across multiple industries—tech, entertainment, hardware. What’s uniquely challenging about marketing in crypto?

Franco: Crypto is complex, and complexity makes storytelling harder. If you’re selling consumer goods, the value is clear. In crypto, you’re often dealing with abstract products—blockchains, tokens, wallets, protocols—and trying to make that relatable to people who may not even be financially literate, let alone tech-savvy.

That’s where my background helps. I’ve sold hard drives and Hollywood movies, and the biggest lesson I’ve learned is: you always need a human connection.

Take Steve Jobs, one of my heroes. He didn’t sell specs, he sold “1,000 songs in your pocket.” That’s what crypto marketing needs: clarity and emotional relevance. Telling someone they can “access permissionless liquidity” isn’t enough. You have to show how that changes their daily life.

So for Bitget, it’s not about listing all the product features. It’s about saying: you can manage your money better, with less friction, from anywhere. That’s what makes people care.

CN: So how do you speak to new users—people who might be skeptical about crypto but have a real use case, like remittances or savings?

Franco: You start with the problem, not the tech. For example, I have two kids. I work long hours and travel a lot. I don’t have time to check price charts every hour. And honestly, I don’t want to.

That’s why features like copy trading matter. You can follow a professional trader and automatically mirror their moves. Or set up trading bots to automate strategies—like, “If this token hits this price, sell X amount.” That way, I don’t miss out, and I don’t sacrifice time with my family.

You don’t market features. You market outcomes. No one cares about what the platform can technically do. They care that they don’t have to stress, they don’t have to learn everything immediately, and they can still participate in opportunities.

We’re building Bitget to reflect that reality—less friction, more intelligence, and tools that adapt to real life.

CN: You mentioned bringing TradFi products into what started as a crypto platform. But now we’re also seeing fintech and TradFi firms moving into crypto. How do you view that competition?

Franco: It’s inevitable. Fintechs and banks are coming into the space, but they’re building on legacy infrastructure. They’re trying to adapt. We were born in crypto—we’re native—and that gives us an advantage.

We’re not trying to retrofit blockchain into old systems. We’re building for what’s next. For example, we offer US stock perpetuals using USDT. That’s faster and cheaper than traditional rails. It’s built for efficiency.

Legacy firms have brand recognition and trust, but that comes with institutional inertia. We have speed, flexibility, and focus. And we’re not just adding crypto—we’re integrating it with tokenized assets, DeFi access, AI tools, and a full financial stack. That’s the edge.

Competition’s always going to be there. What matters is how you differentiate—and in our case, it’s innovation, compliance, and liquidity. That’s the triangle. Liquidity gives you efficiency. Compliance gives you longevity. And innovation is what keeps you relevant. But innovation can’t exist alone—it needs the other two to be sustainable.

CN: Anything else you think gets overlooked in the media?

Franco: Maybe just that this space still needs to stay human. There’s AI, there’s tokenization, there’s tech flying everywhere—but if you forget who you’re building for, it doesn’t matter.

At the end of the day, marketing crypto is about trust, access, and relevance. We’re not just trying to be another exchange—we’re building something people can rely on, whether they’re in Berlin, Bogotá, or Bangkok.

Bitcoin's muted volatility hints at institutional balance, not weakness, according to experts.

Bitcoin (BTC) briefly jumped to $104,000 on Thursday after a dip back below $101,000 mid-week. The recovery comes as the broader market continues to absorb the lingering bearish sentiment from October, which has spilled over into November. The market remains in a consolidation phase, as a result of low volatility and cautious investor activity.

However, analysts suggest that this sideways movement reflects a period of structural adjustment rather than renewed weakness, as traders await stronger catalysts to confirm the next directional move.

Structural Maturity, Not Weakness
Crypto analyst Axel Adler Jr believes Bitcoin’s current phase signals structural maturity rather than weakness. He noted that the decline in the Average Directional Index (ADX) peak values, all the way from 78% to 32%, does not indicate market capitulation but is a pivot from speculative trading to a more institutionally driven model.

In the era of Bitcoin ETFs, Adler explained, the traditional four-year cycle is losing its dominance as impulsive rallies give way to longer consolidation phases and steadier price action.

With Bitcoin currently hovering between $100,000 and $110,000, the analyst highlighted that the ADX balance (+DI/−DI) reflects a market awaiting an internal catalyst, alongside weakening selling pressure from long-term holders and rising volatility in futures markets.

‘Moonvember’ Buzz
Echoing a similar take, Ignacio Aguirre, Chief Marketing Officer at Bitget, expressed optimism about the growing “Moonvember” sentiment surrounding Bitcoin. In a statement to CryptoPotato, Aguirre described BTC’s current sideways movement as a healthy consolidation following recent volatility.

He highlighted that November has historically been one of the strongest months for the crypto market and that upcoming Federal Reserve rate cuts could play a crucial role in boosting liquidity and reigniting investor confidence. Aguirre added that improved liquidity conditions are likely to enhance risk appetite across digital assets, potentially setting the stage for a significant breakout.

You may also like:

Pro-Crypto Attorney John Deaton Enters U.S. Senate Race Again

300K BTC Liquidated: How Institutions Are Reshaping the Crypto Market

Bitcoin’s (BTC) Risk-Reward Ratio Is Collapsing – Here’s What Comes Next

“We’re optimistic about the growing ‘Moonvember’ buzz. Combined with the seasonality tailwind and growing institutional appetite, this backdrop sets the stage for a meaningful breakout that could fuel broader innovation in blockchain and digital assets. Key catalysts remain clearer regulatory frameworks, substantial institutional inflows via ETFs, and global macro shifts such as sustained lower interest rates, each of which would support long-term ecosystem expansion and mainstream adoption.”

Beyond market sentiment and institutional flows, Bitcoin’s underlying network fundamentals also show no immediate signs of miner stress. Alphractal founder Joao Wedson recently said that Bitcoin’s “Hash Rate Momentum Score” remains positive with an upward-trending 90-day moving average. Wedson noted this indicates improving network security and steady confidence among miners despite recent market fluctuations.

Tags:

Ripple News

Ripple’s XRP ETF Rings Nasdaq Bell in Landmark Wall Street Debut

TL;DR Canary Capital launched the first spot XRP ETF on Nasdaq, providing regulated exposure to Ripple’s native token. The fund opened at $40 and traded

Ripple News

Canary Capital’s CEO Predicts XRP ETF Will Double Solana’s First-Week Gains

TL;DR Analyst forecasts XRP ETF doubling Solana’s initial investment gains. XRP serves global banking, while Solana attracts retail traders. McClurg cites XRP’s banking partnerships and

Ripple News

Crypto Market Update: XRP ETF Buzz Lifts Price, BTC Stuck at $104K

TLDR Bitcoin retreats to $103,000 despite legislation signed by Trump to reopen the government. XRP leads the market with a 3.5% rise, surpassing $2.50 amidst

Ripple News

First U.S. Spot XRP ETF Poised for Thursday Debut on Nasdaq

TL;DR The first U.S. spot XRP ETF, managed by Canary Capital, is set to begin trading on Nasdaq, pending final SEC approval. The ETF would

Markets

Wall Street Sees Digital Assets Entering Strongest Investment Phase Yet

TLDR Adam Kobeissi foresees Bitcoin at $200,000 in 24 months driven by unique macroeconomic conditions. The divergence at the Federal Reserve and tech spending create

flash news

SEC Filing Clears Path for Canary XRP ETF Launch on Nasdaq

Canary Capital has filed Form 8-A12B with the SEC to register its XRP ETF on Nasdaq, according to Bloomberg analyst Eric Balchunas. This filing enables

Key NotesCanary Capital XRP ETF, XRPC, has now gone live for trading on the Nasdaq exchange. CryptoQuant pointed out that whales acted before the launch of the spot XRP ETF.The US government shutdown did not significantly impact the launch of Canary Capital’s XRP ETF.
Blockchain analytics platform CryptoQuant has pointed out that whales were active before the launch of spot XRP Exchange Traded Funds (ETFs). The firm made this statement following Nasdaq’s move to list Canary Capital’s ETF that will track the price of XRP.

Canary Capital XRP ETF Defies US Government Shutdown
On Nov. 12, Nasdaq noted that it certified the Canary XRP ETF, which can now be traded publicly.

This detail was spelled out in a filing sent to the United States Securities and Exchange Commission (SEC) on Nov. 12. The plan is to list the fund on the Nasdaq platform by Nov. 13 under the ticker symbol XRPC.

Ordinarily, approvals are not expected at this time since agencies are not required to be in full operation. However, the crypto market saw a few ETFs get greenlighted irrespective of the shutdown.

Canary Capital filed to list this spot XRP ETF as far back as October 2024, but did not get a response from the US SEC. At the time, it noted that the fund will track XRP

XRP
$2.40

24h volatility:
2.8%

Market cap:
$144.11 B

Vol. 24h:
$5.94 B

price using the Chicago Mercantile Exchange (CME) CF Ripple index.

The asset manager asserted that the fund would avoid using derivative products for tracking the value of XRP.

This is in addition to being subject to “additional counterparty and credit risks.” Meanwhile, this Canary Capital XRP ETF was one of the five that appeared on DTCC earlier this week. The other four were from Franklin Templeton, Bitwise, 21Shares, and CoinShares

Retail Traders’ Influence on XRP ETF Market
CryptoQuant highlighted that an influx of whales in the XRP market was observed just before the announcement of Canary’s XRPC launch.

Whales Acted Before the XRP ETF — Retail Arrived After, Changing the Setup

“Once retail enters late, the market typically becomes more volatile and less predictable, as sentiment starts mixing with earlier informed flows.” – By @Woo_Minkyu pic.twitter.com/QtsYQnd6yx

— CryptoQuant.com (@cryptoquant_com) November 13, 2025

This hinted at possible early positioning while the price was still compressed. The analytics platform went further to say this situation didn’t matter as much as retail traders are active in the market after the XRP ETF was announced.

“Once retail enters late, the market typically becomes more volatile and less predictable, as sentiment starts mixing with earlier informed flows. The ETF news accelerated this transition by drawing in traders who were not present during the buildup,” CryptoQuant explained.

The Canary XRPC is likely to frontrun the XRP price rebound from the current level at $2.46.

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.

Cryptocurrency News, News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Hedera's native token retreats from $0.1817 to $0.1754 despite institutional accumulation.Updated Nov 13, 2025, 4:49 p.m. Published Nov 13, 2025, 4:49 p.m.

HBAR retreated 3.5% from $0.1817 to $0.1754 during Wednesday's session, breaking key support despite institutional flows reaching $68 million through ETF channels.

The token faced rejection at $0.1805 resistance following a morning spike that peaked at $0.1802 on significant volume—79% above daily averages.

STORY CONTINUES BELOW

Volume dried up following the initial morning surge, suggesting institutional buyers stepped back while retail participants drove the late-session weakness. The 4.5% intraday range reflects heightened volatility despite muted cryptocurrency market conditions.

HBAR's price weakness contrasts sharply with institutional positioning through the Canary HBAR ETF, which accumulated $68 million over six trading sessions. Thirteen total ETF filings now include HBAR exposure, signaling growing institutional appetite for Hedera ecosystem exposure.

HBAR/USD (TradingView)

Key Technical Levels Signal Extended Weakness for HBARSupport/Resistance: Critical support at $0.1740 now tested with resistance firmly established at $0.1805 following multiple rejections.Volume Analysis: Morning spike reaching 125.8 million shares marked 79% above averages but generated insufficient follow-through buying.Chart Patterns: Distribution structure confirms bearish momentum with consecutive lower highs signaling continued downside pressure.Targets & Risk/Reward: Immediate targets point toward $0.1720-$0.1700 support zone with upside capped at $0.1805 resistance barrier.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.

More For You

OwlTing: Stablecoin Infrastructure for the Future

Oct 16, 2025

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

More For You

ICP Advances as Consolidation Holds Below $6.66 Resistance Price

12 minutes ago

Internet Computer trades within a narrow range after an early-volume breakout attempt stalled, keeping the token pinned between key support at $6.05 and $6.66.

What to know:

ICP experienced a 68% above-average volume spike during a test of $6.66 resistance that failed to break through.Activity fell sharply, including several minutes of zero trades, underscoring the current equilibrium.ICP remains bound between $6.05 support and $6.66 resistance as traders await a volume-driven directional move.Read full story

BNB

BNB Chain

Price Prediction

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Author

Alejandro Arrieche

Author

Alejandro Arrieche

About Author

Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has...

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

November 13, 2025

A powerful on-chain signal just flashed for BNB, sparking renewed confidence in a bullish BNB price prediction as the token eyes a return to $1,000.

The Network Value to Transactions (NVT) ratio has plunged to a 27-month low, suggesting BNB is currently undervalued relative to its growing network activity.

In the past, this has been a contrarian signal. This means that, when the metric drops, the price of BNB starts to rise.

The last time the NVT metric hit a low of around 90, BNB started its ascent from $650 to its all-time high of $1,300.

BNB Price Prediction: Early Bullish Signals Pop Up in the Daily ChartThe daily chart shows that an ascending price channel has formed after BNB hit a key support at $920.

The price has progressively recovered, but experienced some selling pressure right after it hit $1,000. This psychological threshold would be the key resistance to watch in the next few days.

A move above this mark could trigger a much more explosive uptick in the near term.

Although it is still a bit early to tell if this will be the beginning of the next leg up for BNB.

If the price rises above the 200-day EMA, it could retest its all-time high soon, as this is a critical level from a technical standpoint.

Storing and swapping cryptos safely and at a low cost is critical to succeed when investing in cryptos. The Best Wallet Token ($BEST) is a hot crypto presale that powers a thriving ecosystem that includes a top-notch wallet, a decentralized exchange, and additional products that will soon be launched.

Best Wallet Token ($BEST) Offers Discounts on Fees and Exclusive Access to New PresalesBest Wallet is already known for its sleek, mobile-first design and support for over 60 blockchains.

Now, it’s going a step further with the launch of its native token, Best Wallet Token ($BEST).

This token is built to make every part of the Best Wallet ecosystem more rewarding and connected.

Holding $BEST unlocks early access to new crypto presales, exclusive staking rewards, and participation in community votes that shape future updates.

Users can also complete airdropped quests that reward interaction with trending projects and upcoming listings.

Inside the app, $BEST powers other platforms and products, such as The Best DEX, a hub linking over 200 decentralized exchanges, and The Best Card, a crypto debit card currently in development that will simplify crypto spending.

You can buy $BEST by visiting the official Best Wallet website and connecting your wallet (e.g. Best Wallet).

You can easily swap USDT or ETH for the token, or use a bank card to join the presale in seconds.

Buy $BEST Here.

Follow us on Google News

Canary Capital's XRP (CRYPTO: XRP) ETF has surprised analysts’s expectations by outperforming a recent Solana (CRYPTO: SOL) ETF launch in trading volume, signaling persistent interest for the altcoin.

CryptocurrencyTickerPriceMarket Cap7-Day TrendXRP(CRYPTO: XRP)$2.42$146.02 billion+8.7%Bitcoin(CRYPTO: BTC)$100,893.47 $2.01 trillion-0.6% Ethereum(CRYPTO: ETH)$3,375.81$407.3 billion+2.4% Trader Notes: DonAlt noted he's taking a position in XRP with a tight stop, testing whether the market still has momentum.

Another trader Mikybull Crypto expects one final explosive rally before a cycle top.

Statistics: Canary Capital XRP ETF (XRPC) generated $26 million in trading volume within its first 30 minutes, far surpassing the $17 million estimate by analysts.

At current rates, it could beat the $57 million first-day volume of Bitwise’s Solana Staking ETF as biggest ETF launch of the year — a record for an ETF other than Bitcoin or Ethereum.

XRPC offers exposure to the native token of the XRP Ledger, designed to track network performance across payments and liquidity protocols.

Read Next: 

Time To Sell XRP? These 3 Indicators Scream ‘Take Profits’
Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TL;DR:

SOL fell 4% ahead of Solana’s Q3 earnings.
Key support is $153-$155; a breach may trigger further decline toward $145.
Positive earnings or ecosystem growth could push SOL toward $160-$163, attracting momentum buyers.

Solana’s SOL token slid to $154 as investors grew cautious ahead of the Q3 earnings release, marking a nearly 4% decline in just 24 hours. Market capitalization stands at $85.47 billion, and daily trading volume is around $5.87 billion, reflecting a slowdown compared to last month’s activity. Traders are carefully monitoring token circulation, upcoming company updates, and liquidity trends, aiming to anticipate potential volatility before the earnings announcement. The market’s reaction will likely set the tone for SOL’s short-term momentum.

SOL Faces Critical $153–$155 Support as Traders Brace for Q3
Support levels between $153 and $155 are under scrutiny as SOL tests near-term stability amid mixed investor sentiment. Analysts warn that a breach could see the token drop toward $145, creating additional pressure on traders with leveraged positions. Holding these levels, however, may attract buyers seeking momentum, especially as Solana’s revenue performance and treasury management decisions are expected to influence SOL’s price trajectory. The interplay between institutional strategy and retail interest is key in these movements.

Solana’s treasury strategy continues to draw attention. Acquisition and holding of SOL tokens by the company aim to reinforce long-term value, while any updates on token allocations, staking programs, or buybacks could trigger rapid market reactions. The ecosystem’s health is measured by both on-chain metrics and investor confidence, which have become increasingly intertwined in recent months.

Derivative markets add another layer of complexity. Open interest in SOL futures remains significant, with larger holders reducing positions while smaller traders accumulate. This mixed activity highlights how institutional and retail behavior may dictate short-term price movements, influencing liquidity and market depth.

Upside potential exists if SOL recaptures the $160–$163 range. Positive earnings and strong support levels could encourage momentum buying, while failure to defend key support might result in heightened selling pressure across the crypto market. Traders will likely react quickly to any hints about the company’s expansion plans or ecosystem growth, affecting broader sentiment.

SOL’s performance offers insight into the Solana network’s resilience. Trading activity in the coming days will test investor confidence, showing whether SOL can maintain its position despite market fluctuations. Analysts emphasize that upcoming developments will be critical in shaping the token’s trajectory.

Ethereum’s slump is squeezing companies that hold it on their balance sheets, even as BitMine stock holds up better than peers. At the same time, ETH has slipped into a “fair value” support zone on the weekly chart, where analysts say the next move could decide whether the downturn deepens.

BitMine holds up as Ethereum treasury stocks extend lossesEthereum treasury companies are sliding, while BitMine remains the main outlier on the chart. Analyst Ted, highlighted that several listed firms holding Ethereum have seen their share prices drop in recent months, reflecting pressure from the broader ETH downturn.

In contrast, BitMine’s stock has held up better than peers. According to Ted, that relative strength lines up with the company’s steady Ethereum purchases, as it continues to add to its holdings while others trade lower.

Ethereum Treasury Stocks Slide BitMine Holds Up: Source: TedPillows

However, he warned that this support may not last if ETH fails to recover. Ted said that if the Ethereum price stays weak, BitMine’s consistent buying could eventually slow as its “buying power” is exhausted, leaving the stock more exposed to the same downtrend facing other treasury names.

Ethereum dips into fair-value zone as chart tests key Fibonacci supportEthereum has moved into what analyst Crypto Rover calls its “fair value zone,” as the token trades near a major Fibonacci support level on the weekly chart. The latest pullback places ETH around the 0.618 retracement area, a region that has repeatedly acted as a mid-cycle pivot in previous market phases.

Ethereum Fair Value Zone. Source: CryptoRover

The chart shows ETH retreating from resistance near $4,875, which lines up with the 1.0 Fibonacci extension. As price slid lower, it returned to the $3,350–$3,450 band, a zone that marks the 0.618 retracement from the previous rally. This level has served as a structural support base over the past two years, reinforcing its significance on long-term timeframes.

Crypto Rover noted that any deeper decline would shift ETH from fair-value pricing into undervalued territory. The weekly chart includes higher extension targets between $6,300 and $9,900, but those projections depend on holding the current support cluster. As ETH consolidates above this range, traders track whether the level can stabilize momentum or if selling pressure pushes price toward lower retracement markers.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Lido rolled out a buyback plan worth ~$4 million/year at current run-rates and paired it with a roadmap that pushes the protocol beyond staking. At the same time, Strategy (MSTR) slipped below mNAV of 1 and other BTC treasury names are trading at 0.4-0.8x, putting renewed focus on the model. In today’s edition of 0xResearch, we break down the data, the market reaction, and what stood out across sectors.

Indices
Markets slid again despite the optimism that started the week, with the S&P 500 down -0.27%, the Nasdaq down -0.55%, and BTC lower by -1.54%. The flight to safety trend continued, with Gold climbing 1.08% on the day.

Weakness in Big Tech stocks has been the main drag on the tech-heavy indices, while capital continues to rotate into other sectors of the market that have lagged in the recent rallies. The Dow Jones Industrial Average stood out, rising 0.68% on the day and 2.5% for the week.

Concerns around an AI bubble remain in focus after SoftBank sold its entire $5.8 billion stake in Nvidia. Even though CoreWeave beat Q3 sales estimates, its shares slipped on a lower revenue outlook due to data center delays. However, on the earnings call, the company reaffirmed that AI demand still far exceeds available capacity and that it remains supply-constrained.

In crypto, most indices ended the day in the red, dragged down by BTC and broader equity weakness. The standouts were L2s and Memecoins, which gained 0.57% and 0.45%, respectively. L2s were boosted by MNT, up 2.24%, likely driven by excitement around Mantle UR and its positioning in the growing Neobank narrative. The Meme index got a lift from MemeCore, which rose 1.44% on the day.

Laggard categories included Crypto Miners and RWAs, which dropped -4.44% and -7.94%, respectively. The pullback in AI-linked equities spilled into mining stocks, many of which have pivoted toward AI data centers. After a YTD rally of 105.5%, some profit taking in the sector is also to be expected.

Market Update
Doubts are starting to build around the sustainability of treasury companies now that the original pioneer of this playbook, Strategy (formerly MicroStrategy), is trading below an mNAV of 1 for the first time since early 2024. The company’s mNAV multiple has steadily bled lower from a peak of 2.4 following Trump’s election win.

The picture looks even worse for other BTC treasury names, which now trade at mNAV multiples between 0.4 and 0.8. Investors are increasingly skeptical of the model’s long-term viability. Relying on constant equity issuance to buy more BTC has become harder to justify as share dilution begins to outpace BTC accumulation. Many now see these companies as leveraged proxies for bitcoin, rather than efficient ways to gain exposure.

That skepticism is showing up in the data. BTC purchases by treasury companies have slowed dramatically, down from billion-dollar waves every few weeks to more modest weekly buys of $25 million-$50 million recently.

Sometimes simplicity wins. While BTC is up just 0.2% over the past six months, MSTR has fallen -46.7%, and the newer BTC treasury names are down between -30% and -60%. Brutal, to say the least.

Still, it may be too early to write off the trade entirely. If these discounts persist, a GBTC-style opportunity could emerge where investors can acquire BTC exposure at a meaningful discount through public equities. And if there is one company that knows how to survive and adapt through cycles of expansion and contraction, my bet would be on Strategy.

Lido DAO
Following Uniswap’s move to align the Uniswap Foundation and Labs entity and implement a fee switch, Lido is also moving from pure governance into explicit value return for LDO holders. 

A new Liquid Buybacks proposal would route a slice of staking revenue into automated LDO buybacks, executed via NEST auctions and deposited into an LDO/wstETH LP fully controlled by the DAO. The mechanic is straightforward: Once ETH passed $3,000 and annualized revenue over $40 million, 50% of incremental staking inflows above that threshold are used to buy LDO, capped at $10 million per rolling year. At today’s run rate, this translates to roughly $4 million/year in buybacks.

At first glance, this amount looks low. Aave runs a $50 million/year buyback program; Uniswap’s fee switch would have burned $26 million in the last month alone (not adjusted for wash trading). Secondly, the design also buys only when conditions are strong (high ETH price and high revenue) meaning Lido accumulates LDO when it is relatively expensive, while offering no counter-cyclical support during weaker market periods when the token likely suffers most.

However, Lido also outlined where the protocol is heading over the next 18 months, from a single-product staking business to a multi-product liquidity platform anchored by stETH. 

This sets the stage for Expanding Beyond Staking, where Lido evolves from a single-product stETH protocol in 2025 into a multi-product organization in 2026. Lido’s stVaults become the configurable chassis for institutional staking and yield strategies, Earn expands as the simple “default yield” front door for retail and exchanges, and a new tier of structured and automated products sits on top as Lido moves both closer to users (distribution) and rightward into new asset classes.

Ultimately, Lido appears to be converging on the same insight that other LST protocols have already internalized: LSTs are structurally low-margin, and the real opportunity lies in the products and financial rails built on top of them. We see this clearly with Jito’s BAM (block-based auction markets) and EtherFi’s Cash, both of which extend beyond pure staking yield. Lido’s roadmap is a necessary step in that direction.

However, when it comes to buybacks, the P&L dynamics we highlighted previously still apply. The DAO remains unprofitable (Q3 income was -$200,000), raising questions about how impactful these changes truly are today — or if it’s too little, too late for Lido.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.

Tags0xResearch NewsletterBTCLidoLido DAOStrategy

XRP forms a bullish pattern near $2.50 as dominance rises and the first U.S. spot XRP ETF launches on Nasdaq on November 13, 2025.

XRP is gaining attention after showing signs of a pattern change on the charts. The asset is around $2.50 at press time, up 2% over the last 24 hours and 9% in the past week.

With a breakout attempt underway, some market analysts are monitoring whether this shift continues into December.

Pattern Change Suggests Possible Breakout
Analyst ChartNerd posted a chart showing XRP completing a descending triangle, which broke below $2.70 in late October. That breakdown pushed the price into the $2.00–$2.20 area. Since then, XRP has begun forming an ascending triangle. This setup shows rising lows and resistance around the same $2.70 level.

Source: ChartNerd/X
At the current price, Ripple’s token is trading near the upper range of this new structure. “This path could last until December, if so,” the analyst said, pointing to the continuation of the trend if the pattern holds.

As previously reported, XRP formed a cup-and-handle between January and July 2025, with the handle still developing. That earlier breakout suggested a possible move toward $5 before year-end. Failure to hold the ascending support would likely bring the price back to the $2.00–$2.20 range, where it previously found buyers.

Price and Dominance Trends
Analyst Ali Martinez shared a separate 4-hour chart showing XRP trading within a descending channel. This range features lower highs and lower lows. The lower boundary sits near $2.00, which Martinez said could act as support.

“XRP could find support at $2,” the post noted.

If the asset slips below $2.30, further movement toward that area may follow. This level has acted as a bounce point in recent weeks.

You may also like:

XRP Leads the Fear Trade as BTC and ETH Sentiment Weakens

Pro-Crypto Attorney John Deaton Enters U.S. Senate Race Again

Firelight Set to Launch Mainnet on Flare, Expanding DeFi Access for XRP Holders

Moreover, according to CRYPTOWZRD, XRP Dominance is showing early signs of recovery. The chart shows a breakout above both a trendline and the 50-day simple moving average. These were the same indicators seen during a prior rally earlier this year.

The metric is now around 4%. While the breakout has occurred, the analyst added, “bulls have work to do,” referring to the need to hold the move. A drop back under the breakout levels could suggest the reversal has not fully developed.

XRP ETF Launch Draws Market Attention
As reported by CryptoPotato, the first spot XRP ETF (with 100% exposure to the asset) in the US began trading on the Nasdaq Global Market on November 13, 2025. The final approval process has cleared, and trading is expected to open with strong market interest.

Meanwhile, this event may bring new institutional demand, but large holders have reportedly been selling into the rally. This could create short-term pressure as new inflows compete with existing supply.

Tags:

TLDR

Bitfarms to phase out Bitcoin mining and shift focus to AI and HPC infrastructure by 2027
The company plans to repurpose the Washington site for Nvidia GPUs with liquid cooling by December 2026.
A $128M deal was secured with a U.S. data center partner to fund the transition to AI infrastructure.
Bitfarms targets stable revenue from GPU-as-a-Service and cloud computing solutions.
The transition is backed by Bitfarms’ 2.1 GW energy capacity across North America for AI workloads.

Bitfarms, a leading Bitcoin mining company based in North America, is transitioning away from cryptocurrency mining. The company will phase out its Bitcoin operations over the next two years and pivot towards high-performance computing (HPC) and artificial intelligence (AI) infrastructure. This change is driven by the ongoing downturn in Bitcoin prices and shrinking profit margins across the crypto industry.

A Strategic Pivot Amid Financial Pressures
The decision to wind down Bitcoin mining marks a significant shift for Bitfarms. The company’s new focus will be on offering GPU-as-a-Service and cloud computing solutions. This move is in line with a broader trend in the mining industry, as companies look for more stable revenue streams.

Bitfarms has already outlined plans for its first AI-focused site in Washington State. The company’s 18 MW mining farm will be repurposed to support Nvidia GB300 GPUs, which will be equipped with advanced liquid cooling technology. The Washington facility will be retrofitted with modular infrastructure designed for scalable deployment and power-efficient operation. This site is expected to become a key part of the company’s transition to AI workloads by December 2026.

Financial Backing for the Transition
To fund this shift, Bitfarms has secured a $128 million deal with a U.S.-based data center partner. This agreement will cover all necessary equipment and building materials needed for the conversion. The company believes this new approach could generate more revenue than its Bitcoin mining business, providing a solid cash flow foundation moving forward.

Bitfarms is not the only mining company exploring AI infrastructure. Other players, including Cipher and Terawulf, have partnered with major investors to build AI-ready data centers. While these ventures are expected to generate significant revenue, they also come with execution risks. Projects like these may face delays, equipment challenges, or underperformance in the GPU-as-a-Service market.

Despite these risks, Bitfarms sees the transition to AI infrastructure as a way to better leverage its existing energy assets. The company operates over 2.1 GW of energy capacity across North America, positioning it well for this new focus.

The decline followed the company’s announcement of a registered direct offering expected to raise around $12 million, with no clear statement on how the proceeds will be used.

The stock, recently priced at $0.29 per share, hit a low of $0.24, its weakest since January. This comes just a month after VisionSys unveiled its ambitious plan to build a Solana treasury worth up to $2 billion, beginning with a $500 million SOL acquisition over the first six months.

However, the firm has not reported any purchases, raising doubts about the status of its Solana-linked initiative.

VisionSys also announced a partnership with Marinade Finance, a leading Solana DeFi protocol managing more than $2 billion in assets.

SOL Price Analysis: Significant Bullish Potential
The chart below shows SOL consolidating within a descending channel, with price action recently attempting to break out to the upside.

If Solana holds its footing around the $150-$155 range, it could confirm a reversal setup, resulting in a major rally toward $400, a potential 157% gain.

Source: TradingView

However, the RSI hovers near 37, indicating short-term weakness. A possible dip to $130-$135 could retest long-term support before bulls regain full control. The MACD remains in negative territory but shows signs of flattening.

A breakout with significant volume above the $175-$185 resistance zone could likely trigger a stronger accumulation rally, targeting $250 first, followed by $400.

SOL Eyes Breakout as New Bitcoin Project Prepares for Launch
While Solana flirts with a breakout toward $400, Bitcoin Hyper ($HYPER) is stealing the spotlight by using Solana’s high-speed tech to unlock a new era for Bitcoin.

Built as a Bitcoin Layer-2, HYPER lets users send and receive BTC with near-instant finality – no more slow, costly transactions.

Powered by the Solana Virtual Machine (SVM), it brings blazing-fast speed and scalability to Bitcoin, enabling DeFi, NFTs, meme tokens, and more without compromising BTC’s security.

With $27 million raised and counting, Bitcoin Hyper is proving there’s massive demand for a faster, smarter Bitcoin ecosystem.

At the core of the ecosystem is the $HYPER token which powers everything, including transactions, staking, governance, and decentralized applications built on the network.

During the presale, investors have access to staking rewards of up to 43% APY as well.

To buy $HYPER at the current price of $0.013265 per coin, visit the official Bitcoin Hyper website and connect a supported wallet, like Best Wallet.

After connecting your wallet, you can either swap crypto like USDT or SOL, or simply use a debit or credit card to complete your purchase securely.

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, Market News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Bitcoin's (CRYPTO: BTC) signature four-year halving cycle, where market peaks follow 12–18 months after each halving, may be weakening or breaking entirely, according to top traders.

What Happened: Analyst Scott Melker, known as The Wolf Of All Streets, noted Bitcoin's previous tops occurred around 1,060–1,070 days after a major cycle low.

The market is now ~1,080 days past the last low, yet there's been no euphoria phase, altcoins remain quiet, sentiment is poor, and many investors exited early.

Melker suggested that traders may have front-run the cycle, diluting its impact. Once that premature selling fades, Bitcoin could shift into a mature, liquidity-driven phase that extends through 2026.

Also Read: Bitcoin At $103,000, Ethereum, Dogecoin Slip 2% But XRP Shows Strength

Why It Matters: Melker cautioned that the four-year model rests on just three data points, making it statistically weak. Indicators like MVRV, HODL Waves, and Puell Multiple, while popular, remain inconsistent.

"Sooner or later, the cycle will break," he said, whether due to institutional dominance or a new market rhythm.

Trader Decode echoed the sentiment, calling the halving a psychological relic, arguing Bitcoin now tracks global liquidity and demand, not its issuance.

Meanwhile, trader George dubbed 2026 Bitcoin's "revenge arc," saying it's now free to "cook its own timeline."

Read Next:

SEC Chair Paul Atkins Outlines ‘Token Taxonomy’ Plan In Effort To Clarify Crypto Regulation
Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Canary Capital’s spot XRP ETF surpassed $36 million in trading volume within its first three hours on Nov. 13, positioning the fund as a contender for the strongest exchange-traded fund debut of 2025.

The XRPC traded at $25.74 as of 4:43 P.M. UTC, generating volume equivalent to 63% of Bitwise’s Solana ETF (BSOL) first-day performance, which is the current 2025 benchmark among more than 850 fund launches.

Bloomberg senior ETF analyst Eric Balchunas projected the fund would “blow away” his initial $17 million estimate and potentially surpass BSOL’s $57 million opening-day record.

XRP climbed 3.3% to $2.41 in the 24 hours surrounding the launch while Ethereum and Solana declined 1.4% and 1.3%, respectively.

The divergence suggests concentrated buying interest tied to the new investment vehicle rather than broader market momentum.

Canary Capital framed its product around XRP Ledger’s technical architecture, stating on X that the network “represents a leading framework for global payments, purpose-built for interoperability and real-world settlement.”

The positioning emphasizes payment infrastructure over speculative trading, aligning with Ripple’s long-standing narrative around enterprise adoption.

Regulatory context frames launch significanceThe fund’s approval carries weight beyond its trading metrics. The Securities and Exchange Commission maintained active litigation against Ripple Labs for five years before settling three months ago.

Following the decision, XRPC is the first XRP public spot investment product registered under the Securities Act of 1933.

NovaDius Wealth president Nate Geraci stated on Nov. 2 that the launch represents “the final nail in the coffin of previous anti-crypto regulators.”

On Nov. 11, he noted the SEC appealed a court ruling that XRP did not constitute a security just one year prior. Geraci stated:

“Hard to describe crypto regulatory shift over past year. Night & day.”

Additionally, he predicted on Oct. 29 that the fund would “easily become” a billion-dollar product within months, with “flows dramatically exceeding what people are expecting.”

Regarding inflows, experts predicted in September that XRP ETFs would capture $8 billion in their first year of trading.

The launch tests whether institutional demand for XRP exists, despite the SEC’s years of creating a scenario of legal uncertainty for Ripple, which only recently started to change.

Mentioned in this article

Canary Capital’s XRP ETF debuts, surging to $26M in trading volume within 30 minutes.

Brian Njuguna2 min read

13 November 2025, 05:40 PM

Source: ShutterstockCanary Capital XRP ETF Debuts with Explosive $26M Trading Volume In a remarkable debut, Canary Capital’s XRP Exchange-Traded Fund (ETF), trading under the ticker XRPC, has officially gone live, generating $26 million in trading volume within its first 30 minutes, according to market analyst Xaif Crypto. 

The launch has instantly captured the attention of cryptocurrency investors and market watchers, signaling robust demand for XRP-backed investment vehicles.

The XRPC ETF marks a major milestone for Canary Capital and the crypto market, offering investors regulated, hassle-free exposure to XRP. Its record-breaking early trading volume highlights strong demand for accessible, compliant cryptocurrency investment options.

Launching at a pivotal time for XRP, the ETF offers institutional and conservative investors a regulated way to access the cryptocurrency, reducing exposure to the volatility of direct trading.

XRPC’s performance will be closely monitored, potentially setting the standard for future crypto ETFs and signaling broader investor sentiment toward digital assets. Early signs show Canary Capital’s strategy, positioning XRPC as a highly liquid, easily tradable ETF, is resonating with both retail and institutional traders.

With a $26 million trading volume in just half an hour, XRPC’s debut may mark the beginning of a new era for XRP adoption in regulated financial markets. 

As XRP ETFs continue to gain popularity, market participants are eagerly watching to see whether this momentum can be sustained, potentially paving the way for more mainstream integration of digital assets.

ConclusionCanary Capital’s XRPC ETF made a sensational debut, racking up $26 million in trading volume within 30 minutes. The surge highlights rising investor confidence in XRP and the growing demand for regulated, accessible crypto investment vehicles. 

As trading continues, XRPC could set a benchmark for future digital asset ETFs, bridging traditional finance with the expanding crypto ecosystem while providing investors a reliable pathway to participate in XRP’s growth.

ENRICH your inbox with our best storiesDon’t miss out and join our newsletter to get the latest,
well-curated news from the crypto world!

Brian Njuguna

Brian Njuguna is a seasoned crypto journalist at Coinpaper, specializing in blockchain innovation, market trends, and regulatory developments. With a background in economics and years of experience covering the digital asset space, Brian delivers sharp, data-driven insights that cut through the hype. His reporting bridges global crypto narratives with emerging market perspectives, making complex topics accessible to a wide audience.

Read more about

Latest Cryptocurrencies News TodayXRP (Ripple) News

Bitcoin's 1,080-day cycle may be breaking, as experts point to weak sentiment and early selling, which have distorted historical halving patterns.

Crypto analyst Scott Melker noted that Bitcoin is currently about 1,080 days removed from its last major cycle low. Historically, market peaks have occurred between 1,060 and 1,070 days after those lows, which places the asset at a critical point where a deviation from previous cycles could become statistically meaningful.

Traditionally, Bitcoin peaks 12 to 18 months after a halving event. The most recent one took place in April 2024. If that historical pattern were to repeat, Melker said, a market top would be expected between April and October 2025.

However, he pointed out that the current market lacks the typical “mania phase.” To top that, altcoins have yet to surge, and investor sentiment remains weak. Many traders have either sold early or stayed on the sidelines, according to his analysis.

Bitcoin Breaking Free from Old Patterns
Melker suggested that investors’ attempts to front-run the four-year cycle may have altered or “broken” it, and that once the early selling pressure subsides, Bitcoin could begin following a more mature, liquidity-driven trajectory into 2026.

“Eventually, the four-year cycle will break – if not now, then probably next time. Whether that means Bitcoin’s entering a new era of institutional flows and real-world adoption, or simply rewriting its pattern, is what makes this moment so fascinating.”

A similar perspective was shared by BitMEX co-founder Arthur Hayes last month when he argued that Bitcoin’s traditional four-year price cycle is becoming obsolete. He then asserted that the current bull market could extend far longer due to loose global monetary policy and dismissed the rigid application of the four-year cycle, claiming that traders overlook the real drivers, such as liquidity conditions and credit trends in the US and China.

Hayes explained that previous Bitcoin peaks were tied more to tightening in dollar and yuan credit than to halving schedules, suggesting today’s environment is fundamentally different.

Bitcoin’s Four-Year Cycle Obsolete?
More recently, PlanB, the creator of Bitcoin’s well-known stock-to-flow model, has also begun questioning the cycle. Responding to bearish views that $126,000 marked the market top and that 2026 will usher in a bear phase, he called such assumptions a “big misunderstanding.”

You may also like:

Pro-Crypto Attorney John Deaton Enters U.S. Senate Race Again

300K BTC Liquidated: How Institutions Are Reshaping the Crypto Market

Bitcoin’s (BTC) Risk-Reward Ratio Is Collapsing – Here’s What Comes Next

PlanB argued that just three completed cycles are insufficient to establish a dependable pattern and stressed that it is “absolutely not guaranteed” for Bitcoin to peak 18 months after a halving, which would imply October 2025.

He suggested that the next market top could just as easily occur in 2026, 2027, or even 2028, adding that he is now more focused on Bitcoin’s average price levels rather than short-term peaks and troughs. According to him, the market has yet to undergo a “fundamental phase transition,” which could either lead to a major rally or a more stable, institutionally influenced regime – both outcomes he considers bullish.

Tags:

TL;DR Bitcoin trades sideways while the market awaits a torrent of economic data delayed by the shutdown. Bitcoin ETFs record $247 million in inflows this week, reversing previous selling pressure. Analysts foresee consolidation throughout November before a potential year-end rally. This week, caution in the crypto market is evident.

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

About Author

Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,...

Last updated: 

November 13, 2025

Bitcoin’s momentum has weakened sharply, and the market has slipped into one of its most bearish phases of the year, according to the latest CryptoQuant weekly report.

Sentiment has deteriorated quickly as Bitcoin hovers dangerously close to the $100,000 level. The shift began after the October 10 “Big Liquidation” event, which drained upward momentum and pushed several key indicators into bearish territory.

Long-term holders are selling hard.

~815K BTC sold in the past 30 days, the highest level since Jan 2024.

With demand contracting, this sell-side pressure is weighing on the price pic.twitter.com/jFODp4ZA1p

— CryptoQuant.com (@cryptoquant_com) November 13, 2025
Spot demand contracted earlier in October, while growth in stablecoin liquidity — a critical driver of market inflows — slowed significantly. Together, these factors have created a fragile environment in which Bitcoin’s price struggles to sustain meaningful support.

A Market Losing Its Grip on MomentumCryptoQuant’s Bull Score Index reflects the extent of the downturn. Earlier in October, when Bitcoin reached its all-time high of $126,000, the index stood at a strongly optimistic reading of 80. That optimism evaporated quickly as Bitcoin slipped below $100,000 for the first time since June.

The index has now fallen to 20, indicating an extremely bearish environment. The steep decline shows how quickly the market has shifted from aggressive buying to hesitation and caution, with fewer new inflows and weaker spot demand contributing to the downward pressure.

Long-Term Holders Unload at Rare LevelsOne of the most concerning signals in the report is the behaviour of long-term holders. Over the past month, they have sold roughly 815,000 BTC, marking their heaviest distribution since January 2024. This selling occurred as Bitcoin pushed into the $118,000 to $121,000 range, a moment when spot demand had already begun to fade.

In earlier phases of the cycle, strong demand from ETFs, institutional traders and retail buyers was sufficient to absorb heavy selling from long-term holders. That buffer is now absent. Instead, the combination of steady supply from long-term holders and weakening demand is placing clear downward pressure on the market, raising the risk of further price deterioration.

Profit-Taking Stays Strong, but Capitulation Is AbsentProfit realization remains elevated. On November 7, investors locked in approximately $3 billion in net profits, mirroring the aggressive selling seen throughout October. Despite the heavy profit-taking, the market has yet to show signs of capitulation.

Realized losses remain extremely low, suggesting that holders are not panic-selling even as price support weakens. This dynamic — strong profits but minimal losses — indicates that the market has not formed a bottom. Historically, price floors emerge only after losses rise and weak hands exit the market, a pattern that has not yet appeared.

The Battle at the 365-Day Moving AverageBitcoin’s current struggle centres on the 365-day moving average, which sits near $102,000. This line has served as the ultimate support level throughout the current bull cycle and was one of the last major indicators to turn bearish during the 2021–2022 transition into a prolonged downturn.

Bitcoin has now dipped below this level several times — a warning sign not seen earlier in this cycle. If the price continues to close beneath the 365-day average, the risk of a deeper correction grows considerably.

CryptoQuant notes that the next areas of meaningful support lie significantly lower, suggesting that failure to reclaim this moving average could accelerate a broader market decline.

Bitcoin now stands at a critical juncture. With momentum fading, long-term holders selling heavily, and spot demand failing to keep pace, the market’s ability to stabilize depends heavily on whether Bitcoin can reclaim its 365-day moving average. The coming weeks may determine whether this is a temporary pullback or the start of a more significant correction.

Follow us on Google News