Market Signal Briefing

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Alvin Lang
Oct 31, 2025 21:10

Bitcoin stabilizes around $109,000 following the Fed's rate cut. Traders watch for post-halving momentum in light of looser monetary policy and ETF flows.

Bitcoin Price Stabilizes After Fed's Rate CutBitcoin (BTC) is currently stabilizing around the $109,000 mark following the Federal Reserve's recent decision to decrease interest rates by 25 basis points, bringing them to 4.00%, according to CoinMarketCap. This monetary policy shift comes as traders ponder whether the post-halving momentum can be reignited, amid the changing economic landscape.

Trading Dynamics and Market ExpectationsThe cryptocurrency market is closely watching Bitcoin's support and resistance levels, with a key support zone identified between $108,000 and $110,000. A move below this range could potentially trigger a decline towards $102,000 to $105,000. Conversely, resistance is anticipated between $115,000 and $118,000, posing a challenge for any upward movement.

Traders are particularly interested in how the looser monetary policy might impact Bitcoin's trajectory, especially in conjunction with potential renewed ETF flows. The interplay between these factors could determine whether Bitcoin can regain its post-halving momentum.

Potential Impact of Monetary Policy on BitcoinThe Federal Reserve's decision to lower rates is part of a broader strategy to stimulate economic growth. Historically, such policies have had mixed effects on the cryptocurrency market, with lower interest rates potentially leading to increased liquidity and investment in riskier assets like Bitcoin.

Market participants are evaluating the implications of the Fed's actions, considering both the potential for increased investment flows into Bitcoin and the broader economic conditions that could influence investor behavior.

Looking Ahead: Bitcoin's Future TrajectoryAs Bitcoin remains in consolidation mode, the market is keenly observing upcoming economic indicators and policy announcements that could further influence its price. The interplay between traditional financial markets and cryptocurrencies continues to evolve, with Bitcoin's price movements serving as a barometer for investor sentiment.

In the coming weeks, traders and analysts will be closely monitoring Bitcoin's performance in relation to key support and resistance levels, as well as any shifts in monetary policy that could affect its market dynamics.

Image source: Shutterstock

bitcoin
cryptocurrency
federal reserve

David Schwartz, one of the chief architects behind the XRP Ledger and a prominent figure in the cryptocurrency and blockchain industry, has disclosed that XRP’s fixed supply of 100 billion tokens was not arbitrary.

Schwartz Explains Why XRP’s Supply Is Permanently Capped At 100 Billion — No More, No Less
When David Schwartz, Arthur Britto, and Jed McCaleb created the XRP Ledger in 2012, they introduced XRP as the network’s gas token, with a total supply of exactly 100 billion tokens.

Unlike Bitcoin, which relies on miners to mint new coins daily, XRP’s supply already existed at launch, with all 100 billion tokens pre-mined before the cryptocurrency was released to the general public. 

One question that is rarely asked is why developers of the Ripple-linked coin settled for 100 billion. However, that question was answered this week by David Schwartz.

First, Schwartz noted that the supply needed to ensure adequate divisibility, allowing XRP to handle micropayments across the network. Notably, each XRP divides into one million smaller units known as “drops,” enabling users to send or receive tiny amounts — a feature that has been part of the XRPL since its inception, even before non-fungible tokens or decentralized finance (DeFi) made “dust” transactions a common practice.

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Secondly, the incoming CTO emeritus pointed out that the 100B figure fits perfectly within a 64-bit integer, which can store numbers up to more than 18 quintillion. This ensures that the ledger can process transactions quickly while avoiding rounding errors.

Finally, the $100 billion cap was also for simplicity purposes, as it’s a round number that people can easily remember. Notably, adoption is hindered if users struggle to comprehend the numbers.

Out of the 100 billion XRP maximum supply, roughly under 60 billion are currently in circulation, with approximately 35 billion locked in escrow accounts.

Meanwhile, for some Ripple advocates like the founder of the Black Swan Capitalist, the growing demand for tokenized assets, stablecoins like RLUSD, and liquidity solutions puts XRP at the center of the digital economy. As such, the current 100 billion supply may not even be enough to meet future needs, which could result in a supply crunch.

TL;DR:

Peter Schiff warns that depending on Bitcoin’s breakout is risky.
He criticizes the lack of real fundamentals behind current optimism.
Schiff advises diversification over exclusive reliance on Bitcoin.

Peter Schiff, a long-time Bitcoin critic, has issued a fresh warning to those building financial strategies around the cryptocurrency’s potential breakout. Amid renewed market optimism, Schiff cautioned that betting on a lasting Bitcoin rally could spell disaster, especially for investors assuming the digital asset will continue outperforming gold or traditional markets.

$MSTR is up 6.7% because the company reported better-than-expected "earnings." But the entire report is a fraud. The so-called earnings merely reflect Bitcoin appreciation. Saylor's 2025 full-year guidance merely reflects his claim that Bitcoin will soar between now and year-end.

— Peter Schiff (@PeterSchiff) October 31, 2025

Schiff Doubles Down on His Bitcoin Critique
Schiff argues that blind faith in another Bitcoin bull cycle ignores real economic fundamentals and relies more on speculation than intrinsic value. According to the economist, the current narrative surrounding Bitcoin is driven by expectations of quick profits rather than a solid understanding of its structural risks. Schiff emphasized that gold, his preferred asset, holds a more stable position amid the crypto market’s chronic volatility.

The analyst warned that institutions basing their investment strategies on a prolonged Bitcoin upswing could face major losses if the asset fails to maintain its momentum. In his view, relying on a technical “breakout” is a dangerous approach since past price surges haven’t always translated into sustained growth cycles. Schiff reminded that Bitcoin’s historical peaks have often been followed by sharp and extended corrections.

Despite his criticism, Schiff acknowledged Bitcoin’s resilience but insists its volatility makes it unsuitable as a stable store of value. He stressed that the current market seems driven more by euphoria than rational analysis, with many investors following hype rather than fundamentals. Still, he admitted that Bitcoin has gained legitimacy through institutional adoption, though he believes the trend is temporary and vulnerable to macroeconomic shifts.

Schiff reaffirmed his cautious stance, urging investors to focus on diversified and sustainable strategies rather than relying solely on such an unpredictable asset. For him, gold remains the most reliable hedge against market uncertainty, while Bitcoin, despite its innovation, represents more of a gamble than a solid investment.

Input Output, the developer behind Cardano, has announced a major security-boosting upgrade called “Ouroboros Phalanx.”

The upgrade, which is in the final stages of testing, is meant to solve grinding attacks.

One of the leading proof-of-stake blockchains will also see an increase in efficiency following the implementation of the upgrade.

How grinding attacks work The network randomly chooses who can get the best block. However, if someone controls a large amount of ADA tokens (more than 20%, for instance), they could end up rigging randomness.

card

This could be achieved by rapidly testing different “random seeds” to secure the biggest number of winning slots. Nefarious actors could end up delaying transactions, censoring blocks, or double-spending.

New cryptographic puzzle Phalanx makes it substantially harder to perform those grinding attacks, which are considered to be the most dangerous class of PoS attacks, by adding a verifiable delay function (VDF). 

The cryptographic puzzle takes real time and computational effort to solve, meaning that there will be no shortcuts. 
Hence, bad actors  will no longer be able to “grind” through random possibilities instantly anymore: every attempt now requires doing actual heavy computation. With the new upgrade, attackers cannot cheaply manipulate the leader-selection randomness.

Notably, the randomness that decides who produces blocks now evolves over two epochs (around 10 days).

Apart from providing a higher level of security, the upgrade will also ensure faster transactions and much better decentralization.

Phalanx will be rolled out via a hard fork since core protocol changes cannot be rolled out with a simple parameter tweak. 
 

The cryptocurrency posted modest gains after slipping below $107K yesterday, triggering roughly $400 million in liquidations. Bitcoin Rises as Treasury Secretary Confirms Timing of US-China Trade Pact Reporting by the Financial Times on Friday revealed that U.S. Treasury Secretary Scott Bessent expects the recently negotiated U.S.

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

TL;DR:

BlackRock moved $383.9M in Bitcoin to Coinbase Prime, fueling speculation.
October deposits reveal a pattern of institutional influence on liquidity.
Bitcoin reached $110,564, but low volume signals cautious market sentiment.

BlackRock, the world’s largest asset manager, has recently moved $383.9 million in Bitcoin to Coinbase Prime, along with $122 million in Ethereum. These substantial transfers tracked on-chain have reignited speculation about the firm’s intentions and potential effects on crypto markets. Coinbase Prime, designed for institutional trading and custody, underscores the importance of these large movements.

BlackRock deposited 3,496 $BTC($384M) and 31,754 $ETH($122M) to #CoinbasePrime 3 hours ago.https://t.co/qmuDIrPHc6 pic.twitter.com/RkWNMTHVm4

— Lookonchain (@lookonchain) October 31, 2025

BlackRock’s Institutional Moves Spark Market Curiosity
The repeated deposits have prompted questions on whether BlackRock is preparing for a strategic market maneuver or conducting standard custodial procedures. Analysts note that such transfers often relate to audits, liquidity management, or secure storage, but the size of the transactions alone can influence market sentiment and volatility.

Investors are observing closely, as October alone has seen multiple large Bitcoin deposits from BlackRock, including 2,854 BTC worth $314 million previously. This pattern emphasizes the significant role of institutional flows in shaping short-term crypto dynamics, particularly amid broader market uncertainty.

Bitcoin’s price recently climbed 2.05% to $110,564.53, while trading volume fell 17.37%, highlighting cautious investor behavior despite gains. Analysts warn that approaching $112,600 could trigger liquidations from short positions, potentially amplifying market swings and investor risk.

These moves underline how institutional involvement can shift market conditions, even without direct sales. The repeated BlackRock deposits reinforce the need for traders to monitor large-scale movements, as they may signal upcoming changes in liquidity, sentiment, or price momentum.

BlackRock’s activity demonstrates that institutional transactions are a key driver of cryptocurrency market behavior, reminding investors to balance opportunity and risk while observing these influential participants.

Stolen in the massive 2023 Multichain breach that shook cross-chain trust, the ruling of freezing the USDC signals a stronger legal path for recovering digital assets lost in major crypto exploits.

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

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

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

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

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

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

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

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

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

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

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

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

Source: TradingView

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

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

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

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

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

Source: CoinGlass

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mentioned in this article

By

PYMNTS
 | 
October 31, 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Summary

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

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

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

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

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

He added:

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

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

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

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

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

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

SOL
$187.1

24h volatility:
3.5%

Market cap:
$102.72 B

Vol. 24h:
$6.67 B

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

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

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

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

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

— SolanaFloor (@SolanaFloor) October 31, 2025

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

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

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

BTC
$109 748

24h volatility:
2.6%

Market cap:
$2.19 T

Vol. 24h:
$64.80 B

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

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

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

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

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

Solana (SOL) Technical Price Analysis | Source: TradingView

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

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

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

Solana (SOL) News, Cryptocurrency News, News

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

Ibrahim Ajibade on LinkedIn

Key Points:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Fear and Greed Index – Source: CoinMarketCap

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Summary

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

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

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

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

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

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

CCIP gives developers production-ready interoperability.

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

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

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

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

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

Key points:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

TLDR:

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

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

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

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

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

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

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

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

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

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

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

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

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

The meme coin is moving. Here's why.

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

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

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

Image source: Getty Images.

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

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

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