Market Signal Briefing

Avalanche (CRYPTO: AVAX), Hyperliquid, and Zcash (CRYPTO: ZEC) are drawing investor attention after outperforming larger networks like XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA) in both technical and on-chain activity.

Avalanche Crosses 7 Billion Transactions as Price Consolidates

AVAX Price Analysis (Source: TradingView)

Avalanche has surpassed 7 billion total transactions, cementing its position among the most actively used blockchains. 

AVAX is trading near $22 after falling sharply from the $36 zone.

The daily chart shows AVAX slipping beneath its key EMAs, with the 20-, 50-, and 100-day averages clustered around $26–$27 now acting as overhead resistance. 

Momentum weakened following a rejection from the $35–$37 channel, pulling price into the lower Fibonacci band.

Support sits near $20, while the $24.50 zone remains the pivot level for a potential rebound. 

The Parabolic SAR is hinting at a trend shift if buyers can regain control. 

A break above $27 could open the door to $32 and $40, though for now, the market remains cautious despite Avalanche's robust adoption.

Hyperliquid Dominates Fee Revenue With HIP-3 Upgrade

HYPE Technical Analysis (Source: TradingView)

Hyperliquid has surged past leading blockchains in daily fee revenue, pulling in more than $20 million within 24 hours — outpacing both Ethereum and BNB Chain, according to a Cointelegraph post on X.

Its native token HYPE trades near $40, up 13.4% in the past day, with a market cap of roughly $14.1 billion, according to CoinMarketCap.

The spike comes as Hyperliquid prepares to activate HIP-3, a major network upgrade that enables permissionless creation of perpetual DEXs on HyperCore. 

Deployers can launch markets by staking 500,000 HYPE, introducing new utility and decentralization into the network.

On the technical front, HYPE is attempting to stabilize around $40 after a sharp pullback. 

Support between $36 and $32 has held firm, while resistance remains near $44 and $51 — the latter aligning with the supertrend barrier. 

The RSI at 38 indicates oversold conditions, suggesting that a rebound could soon emerge if volume supports buyers.

The upgrade follows a volatile week that saw $10 billion in liquidations on Hyperliquid during a broader market leverage flush, underlining its role as the dominant derivatives engine of the cycle.

Zcash Breaks Multi-Year Downtrend

ZEC Weekly Chart Analysis (Source: TradingView)

Zcash has surged to about $240 after smashing through a multi-year descending trendline, reestablishing itself as one of the strongest privacy assets. 

The breakout propelled ZEC above all key weekly EMAs signaling a structural shift in sentiment.

Although the price has eased from its $288 high, the setup remains bullish as long as ZEC holds above $200. 

Traders are monitoring consolidation patterns that could set a new base before another advance, with targets near $300 and $360 in play.

Zcash's renewed attention comes amid rising global interest in privacy-preserving assets. 

Often described as "invisible Bitcoin," it benefits from renewed demand among investors wary of expanding financial surveillance.

Why It MattersThe spotlight shifting from XRP, Solana, and Cardano to Avalanche, Hyperliquid, and Zcash is more than a leaderboard reshuffle.

It is a signal that markets now reward ecosystems that generate real fees, support true decentralization, or deliver unique privacy guarantees.

Hyperliquid's fee dominance, Avalanche's transaction scale, and Zcash's encrypted rails represent three distinct narratives that legacy networks cannot easily replicate.

If this rotation deepens, capital could begin flowing toward function-driven blockchains — a shift that redefines how leadership in crypto is measured.

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Journalist

Posted: October 13, 2025

Key Takeaways
Why are traders watching the ‘Trump whale’?
Its previous $1 billion short on BTC and ETH precisely preceded the last crash, earning about $200 million. 

What could decide BTC’s next move?
Holding above $114K keeps bulls in the game, but a close below $108K may confirm the whale’s bearish outlook and open room for a drop toward $100K.

A trader dubbed the “Trump insider whale” has reignited market anxiety after reopening $300 million in Bitcoin short positions on Hyperliquid. The move comes only days after profiting an estimated $200 million from the market crash.

According to data from Arkham Intelligence, the whale deposited $40 million USDC to the exchange before initiating an additional $127 million short. The move adds to its earlier high-leverage bets against BTC and ETH. 

Source: Arkham Intelligence

Also, the renewed position coincides with growing short activity and a fragile Bitcoin structure hovering near a key pivot zone.

Bitcoin traders turn cautious as shorts edge ahead
Coinglass data shows that as of 13 October 2025, shorts slightly outweighed longs — 50.42% versus 49.58% — pushing the BTC long/short ratio down to 0.9833.

The shift marks the first clear bearish tilt in several sessions. This hints that retail and professional traders may be mirroring the whale’s conviction or hedging against further downside.

Source: Coinglass

BTC consolidates near key pivot zone
On the daily chart, Bitcoin traded around $114,772, nearly flat on the day but below the intraday high of $116,000.

The pivot level (P) rests around $114,700, suggesting a technical stalemate between bulls and bears. 

Source: TradingView

Immediate supports sit near $108,321 and $102,257, while resistance levels appear at $118,906 and $123,856. The latter level aligns with last week’s failed recovery attempt.

A break below $108,000 could trigger a deeper correction toward $100,000, while reclaiming $120,000 would signal renewed strength.

Market sentiment still fragile
The timing of the whale’s move has fueled speculation that another major leg down could be forming. This is particularly after last week’s political turmoil surrounding Trump’s renewed tariff rhetoric toward China. 

Funding rates remain volatile, and liquidation data indicate that leveraged traders continue to exit both long and short positions at high volume.

Solana’s decentralized finance (DeFi) ecosystem is gaining new momentum as Kamino, one of the network’s leading liquidity platforms, joins forces with Project 0, a DeFi-native prime broker. The collaboration introduces a unified margin framework that enables users to manage risk, collateral, and capital efficiency across several DeFi venues. This marks a step toward solving one of the biggest structural inefficiencies in DeFi fragmented liquidity and isolated collateral management.

Cross-Margin Efficiency Comes to Solana DeFiAccording to the press release, under current DeFi conditions, users must overcollateralize on each platform separately. This practice not only traps liquidity but also increases liquidation risk when positions are not interconnected. 

The Kamino Project 0 integration directly tackles this problem by consolidating deposits under a single margin account. Users can now borrow against their holdings on both platforms with shared loan-to-value (LTV) ratios and borrow weights.

Besides simplifying portfolio management, the new system introduces risk-adjusted parameters that evaluate the user’s entire portfolio rather than isolated positions. This holistic approach allows traders to use their assets more effectively while maintaining a clearer view of their overall exposure. Consequently, DeFi participants gain improved flexibility and can access capital with fewer restrictions.

Founder MacBrennan Peet emphasized that Project 0 was built to remove liquidity fragmentation across decentralized markets. The integration with Kamino turns this goal into reality by establishing the first generalized cross-margin model across multiple DeFi venues. Traders can now use a single pool of credit to engage in arbitrage between Kamino and Project 0 rates, thereby reducing friction and optimizing capital efficiency.

Expanding Access and EfficiencyInitially, the new system is available to Project 0’s top 5,000 users. This select group will test the integration and provide feedback before a broader rollout. 

Following this initial phase, the feature will become accessible to the public in a gradual release expected within five days. The phased launch ensures stability and smooth user experience as the system scales.

In addition to traders, lenders will also benefit from this integration. Kamino and Project 0 depositors can access unified interfaces to track and manage their assets while earning incentives from Project 0’s ecosystem. The ability to move liquidity freely and manage risk across venues could set a new standard for capital deployment within the Solana DeFi landscape.

Solana’s Price Outlook StrengthensWhile Kamino’s integration is enhancing DeFi infrastructure, Solana (SOL) continues to test key resistance near the $200 mark. The token has gained 1.74% in the past 24 hours, trading around $197 with strong volume. 

Analyst Crypto Patel believes Solana is forming a long-term “cup and handle” pattern on the three-week chart. A breakout above $245 could propel SOL toward $480–$500, and potentially as high as $6,000 in the next macro bull phase.

Source: X

Meanwhile, analyst Xoom noted that Solana’s current struggle around $200 mirrors earlier resistance zones. Breaking above this level could spark rapid movement toward $240–$260. However, failure to clear this threshold may lead to consolidation between $180 and $200 until the broader market strengthens.

Aster token price is approaching the $1.20 support zone, where a potential double-bottom formation could emerge if price revisits and holds this level amid ongoing market weakness.

Summary

Price is moving toward $1.20 support, not yet tested.
Double bottom reversal may form once the level is reached.
Successful rebound could aim for $1.83 and $2.20 resistance zones.

Aster’s (ASTER) price action is retracing toward the $1.20 support region after facing rejection from the value area high. The market has not yet reached this support, but the ongoing structure suggests that price is targeting this level to establish a potential double-bottom formation.

Aster token price key technical points

Support Target: Price is targeting $1.20 support, which has previously acted as a strong reaction zone.
Potential Formation: A developing double bottom setup may confirm once price reaches and rebounds from $1.20.
Upside Objectives: Successful reversal could lead to tests of $1.83 and $2.20 resistances.

ASTERUSDT (4H) Chart, Source: TradingView
Aster recently rejected the value area high, showing clear resistance within a high-volume region that capped previous upside attempts. The rejection triggered a gradual retracement, and price is now heading toward the $1.20 support target. This level has historically served as a key demand zone, aligning with a potential accumulation region where buyers may look to re-enter the market.

While the double-bottom pattern has not yet formed, the market is positioning for it. For confirmation, Aster would need to test the $1.20 level, establish a bounce with clear volume influx, and produce higher lows on the lower time frames. Until these conditions are met, the structure remains a developing setup rather than a confirmed reversal.

The next move into $1.20 will be critical. If volume supports a strong rebound, price could rotate back toward $1.83, the nearest higher time frame resistance. A breakout above $1.83 would strengthen the bullish bias and open the probability for a continuation rally toward $2.20. Conversely, if price breaks below $1.20, it would invalidate the potential double bottom and signal further consolidation at lower levels.

From a structural standpoint, Aster remains within a corrective phase following the rejection from resistance. The move toward $1.20 is a retest of higher time frame support, not a sign of breakdown.

Volume will also be a key confirmation factor once $1.20 is reached. An increase in bullish inflows and strong candle closes would validate the formation of a double bottom. Conversely, low volume and indecision around this level may prolong consolidation.

What to expect in the coming price action
Aster’s short-term outlook remains neutral while price gravitates toward $1.20. A confirmed rebound from this level could form the base of a double-bottom structure, leading to a rotation toward $1.83. Sustained buying above this resistance could extend the rally to $2.20, reinforcing a mid-term bullish trend.

Cover image via U.Today

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

The Solana (SOL) community is buzzing with excitement as they anticipate a decision from the U.S. regulatory body. Barring any last-minute changes, the Securities and Exchange Commission (SEC) will rule on several spot Solana exchange-traded fund (ETF) applications before it.

Major asset managers await SEC verdict on Solana ETFA renowned investor, Ted Pillows, has highlighted that the SEC has until Thursday, Oct. 16, to decide on the applications. The approaching deadline has kept the community buzzing, as many anticipate a nod from the regulator.

Several asset managers have their applications before the SEC, and these include Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale and VanEck. Notably, in the last days of August, about seven asset managers all updated their filings with the commission.

The move suggests that there has been communication between the asset managers and the regulator. Many consider this a positive development and increase the potential for likely approval. The update signals progress and adjustments to possibly align with requirements.

If the SEC gives the green light, it will give Solana institutional exposure and could increase adoption. Such a development might rub off positively on the asset and lead to an increase in price.

Solana had suffered a 17.12% loss in value over the past seven days, a situation worsened by the broader crypto market liquidation. However, the altcoin is on the path of recovery as the ETF approval deadline inches closer.

Market responds with optimism ahead of decisionAs of press time, the Solana price was changing hands at $193.54, which represents a 6.25% jump in the last 24 hours. The coin soared to $199.67 as it attempted to flip $200 but faced rejection. The move shows it has potential for more upside, particularly with the bullish anticipation.

Meanwhile, ahead of a possible approval, investors are actively trading Solana, and volume has climbed by 26.36% to $11.97 billion. It could be that these investors are hoping for a price surge if the SEC gives a nod.

As per predictions by some analysts, regulatory approval could push the price towards between $345 and $520. One online user, Kekov, anticipates that SOL could gain and climb rapidly to hit $1,000.

Despite these anticipations and wishes, Oct. 16 remains pivotal to Solana. It could prove to be a notable date in the blockchain’s history if the SEC does not delay approval. Community members are already counting down to the date.

Cardano has launched a new update designed to significantly improve speed and lower transaction costs, outperforming other leading blockchains by a country mile. Dubbed Hydra Node 1.0.0, the update is considered a foundational baseline with the development team disclosing plans to build new features and optimizations.

Cardano Unveils Hydra To Turbocharge Network
Cardano has released Hydra Node v1.0.0, a production-ready layer-2 protocol leaning on off-chain Hydra Heads to process transactions at previously unseen levels. According to the announcement, Hydra will enable Cardano to process over 650,000 transactions per second.

At optimal capacity, early tests have revealed that Hydra is able to process up to 1 million transactions per second. Designed by Input Output, the new update will proceed toward real-world deployment, with the team expressing confidence in Hydra’s superiority over rival blockchains.

In terms of real-world use cases, Hydra will support low-cost operations for DeFi on Cardano, integrating with future zero-knowledge proofs. Cardano founder Charles Hoskinson has predicted the update to gain significant traction among users, tipping Hydra to “have an awesome 2026”

“This release represents our intention to continue to support our Hydra Head protocol implementation into the production environment,” read the announcement. “We believe we’ve built a strong product for others to build on, and we will continue to work on adding powerful new features, showcasing Hydra’s capability, and addressing user issues.”

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In addition to the Hydra release, Cardano rolled out a raft of updates to improve the scope of its offering. Right off the bat, the new updates will now allow partial deposits, with key improvements to the Hydra API servers and bug fixes for incremental commits and decommits.

Meanwhile, Cardano developer Sebastien Guillemot has revealed information about Starstream, a proposed zero-knowledge virtual machine (zkVVM) for the network. Guillemot disclosed that Starstream will be live in 2026, hinting that the offering will have quantum resistance upon launch.

“Privacy-preserving UTXO smart contracts, production-ready by next year,” said Guillemot. “That’s our goal with Starstream, and the whole team is working hard to achieve it.”

Amid the buzz around network improvements, ADA price has braved the broader cryptocurrency market decline to gain nearly 1%. At press time, ADA is trading at $0.71 while the global cryptocurrency market capitalization risks slipping below the $3.5 trillion mark.

Ripple is barrelling toward an operational license in Luxembourg, a move that could give it passporting rights throughout the rest of the European Union (EU). Despite the green light flashed by Luxembourg’s authorities, the XRP price has taken a hit in the last 24 hours as the global cryptocurrency markets face downward pressure.

One Step Closer To EMI License In Luxembourg
According to a disclosure by Luxembourg’s Minister of Finance Gilles Roth, Ripple is inching toward a license that will allow the firm to operate in the country. Ripple’s executives sat with Roth in Luxembourg to disclose ambitious plans for expansion into Europe in the coming months.

While not expressly stated, experts opine that Ripple is pursuing an Electronic Money Institution (EMI) license in Luxembourg. If approved by local regulators, Ripple will be authorized to issue electronic money and provide regulated payment services in Luxembourg. 

“Great meeting with Ripple as they advance toward securing their license to operate in Luxembourg,”  said Roth in an X post. “We discussed their ambitions in Europe and Luxembourg, and I reaffirmed our commitment to digital innovation”.

Stuart Alderoty, Chief Legal Officer at Ripple, hinted that the company will use Luxembourg as a base of operations to offer a range of financial services to the rest of the EU. Alderoty disclosed that the operation brings Ripple closer to full compliance with the EU’s Markets in Crypto Assets (MiCA) regulation for digital asset service providers.

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“The EU led in creating comprehensive rules for digital assets – and nations like Luxembourg are leaning in,” said Alderoty. “Ripple is excited about our future in Luxembourg and the EU.”

To clinch the EMI license, Ripple will have to establish a physical presence in Luxembourg, meet the minimum capital requirement, and incorporate proper internal governance requirements, among others. 

Amid the push for an EMI license in Luxembourg, Ripple has scored a significant win for its entry into Bahrain. The blockchain-based financial technology company confirmed a new partnership with Bahrain’s Fintech Bay, designed to test new blockchain utilities while powering accelerator programs.

XRP Holds Its Own Amid Market Pullback
The global cryptocurrency market is undergoing a steep correction, sending the prices of top coins tumbling to new monthly lows. Despite the bloodbath that has seen BNB shed nearly 5% and Bitcoin threaten to slip below $120K, the XRP price has logged 1% in losses over the last day.

According to CoinMarketCap data, XRP is trading at $2.58 while daily trading volumes are up by 17.56% to settle at $10.1 billion. Despite the grim market outlook, an ex-Ripple executive has predicted a 10X price surge in the near future, while others are focusing on the $16 mark as whales increase their activity levels in the ecosystem.

Beijing-based investment bank China Renaissance is reportedly in talks to raise around $600 million to launch a public fund focused on Binance’s BNB token, according to a Bloomberg report.

The fund would act as a U.S.-listed digital asset company dedicated to holding and accumulating BNB, similar to how corporate treasuries like MicroStrategy hold Bitcoin. 

Alongside China Renaissance, YZi Labs, the family office of Binance co-founder Changpeng Zhao, plans to participate with a combined $200 million investment. Earlier in August, China Renaissance had already disclosed plans to invest about $100 million in BNB, showing a steady commitment to expanding its crypto exposure.

According to Bloomberg, Beijing-based investment bank China Renaissance is in talks to raise $600 million to establish a public fund for investing in Binance’s cryptocurrency BNB. YZi Labs, plans to invest alongside China Renaissance, with a combined commitment of $200 million.…

— Wu Blockchain (@WuBlockchain) October 13, 2025 If successful, the fund would mark one of the largest institutional efforts from Asia aimed at direct crypto accumulation. It comes as BNB continues to perform strongly in 2025, recently hitting a new all-time high of $1,375 after an 11 percent jump during a broader market recovery.

BNB, launched by Binance in 2017, remains central to the exchange’s ecosystem, powering trading fee discounts, smart contracts, and blockchain activity across the BNB Chain. The token has more than doubled in value this year, helped by rising demand from treasury-based investment firms.

The effort also shows growing confidence in regulated, crypto-linked public vehicles as traditional finance players seek new ways to access blockchain assets without directly managing wallets or exchanges.

China Renaissance, known for its deep connections in China’s tech and finance sectors, is one of the first major investment banks in the region to explore large-scale BNB exposure.

If the $600 million raise succeeds, it could strengthen BNB’s position as a leading institutional asset and reinforce the return of major Asian capital into crypto markets.

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TLDR:

Bitcoin treasuries evolve from debt-driven buys to equity-based financing models.
MicroStrategy’s approach set the early tone for corporate Bitcoin adoption.
PIPEs emerge as a safer alternative amid tighter liquidity cycles.
Treasury equities enter a phase of balance, discipline, and sustainability.

Bitcoin treasury strategies are undergoing a major transformation as companies shift from aggressive debt-driven purchases to structured equity funding. 

According to market observer Ben Werkman, the era that began with MicroStrategy’s leveraged Bitcoin acquisitions in 2020 is evolving into a more measured approach. 

Firms are now blending corporate financing with direct equity raises to accumulate Bitcoin without overexposing balance sheets. This shift signals a maturing phase in institutional Bitcoin adoption amid changing macro conditions.

From Leverage to Liquidity: How Bitcoin Treasury Models Evolved
The first wave of corporate BTC adoption was fueled by debt markets, led by MicroStrategy’s convertible bond offerings. 

These issuances allowed the company to buy billions in Bitcoin during favorable liquidity cycles, effectively becoming the market’s institutional benchmark. However, Werkman notes that this playbook, while profitable early on, tied performance closely to both Bitcoin volatility and interest rate policy.

By 2024, tightening financial conditions and regulatory scrutiny made large-scale debt issuance riskier. 

Consequently, a new strategy emerged, PIPEs, or private investments in public equity, enabling firms to raise capital with less exposure to debt pressure. This mechanism, Werkman observed, now forms the foundation of the second phase of Bitcoin treasury evolution.

It’s been too long since I did one of these, so let’s dust off the long form posting and let it rip.

Trigger Warning: Extremely Long Post

Let’s first get into the emergence of the Bitcoin Treasury strategy in general. As most who are familiar with this space know, MSTR has…

— Ben Werkman (@BenWerkman) October 13, 2025

The Rise of PIPEs and a Balanced Treasury Approach
Unlike early adopters that prioritized Bitcoin accumulation at all costs, newer entrants are emphasizing balance and sustainability. 

Through PIPE structures, companies can raise funds directly from accredited investors while retaining treasury flexibility. This not only mitigates risk but also aligns long-term shareholder interests with Bitcoin exposure.

Werkman suggests that this evolution reflects the market’s natural progression from speculative enthusiasm to institutional discipline. Bitcoin treasury equities, once driven by leverage and hype, are now finding equilibrium through pragmatic financing and strategic capital deployment.

Cover image via U.Today

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

Shiba Inu hit a new 2025 price floor during Friday's crash, reaching a low of $0.00000850 and adding a  zero to its price tag. On Friday, Shiba Inu had traded to a high of $0.00001215 before a sudden crash sent its price spiraling down to $0.0000085, last seen in January 2024, and its lowest level so far in 2025.

Buyers rushed to buy the dip, pushing the Shiba Inu price to a high of $0.00001073 on Saturday, but given the selling pressure that still remained on the market, Shiba Inu fell to a low of $0.00000959 on Saturday, adding a zero back to its price. Still, Shiba Inu had a positive close for the day.

The same scenario played out on Sunday as bears continued in their bid to add an extra zero to Shiba Inu's price. Shiba Inu traded at a low of $0.00000979 and a high of $0.00001088.

HOT Stories

Early Monday, as buying pressure gradually returned to the market, Shiba Inu was able to sustain above $0.00001 compared to the last two days, implying a zero removed from its price tag.

At press time, SHIB was trading up nearly 10% in the last 24 hours to $0.00001092, having reached an intraday high of $0.00001107 but remaining down weekly.

Shiba Inu burn rate skyrocketsTaken from Friday's crash, Shiba Inu would mark its third day of recovery if its price closes higher today.

As the Shiba Inu price recovers, so too Shiba Inu burns, which have seen a daily increase of 8,194%.

According to Shibburn, 5,799,307 SHIB were burned in the last 24 hours, representing a 8,194.20% increase in the burn rate. This remains significant as, in the previous days, fewer than 100,000 tokens were burned as the market sell-off impacted sentiment across board.

In the last seven days, a total of 46,655,381 SHIB tokens were burned, marking a 175.99% rise in weekly burn rate.

TL;DR

Ripple is partnering with the cybersecurity platform Immunefi. The goal is to launch an ethical hacking contest.
They seek to identify vulnerabilities in the new native lending protocol of the XRP Ledger.
Prizes total $100,000 to reward researchers who discover flaws.

Ripple has announced a strategic collaboration with Immunefi, the leading bug bounty platform for Web3. The purpose of this partnership is to launch an “Attackathon.”

They explained that it is a white-hat hacking contest designed to rigorously test the resilience of their upcoming native lending protocol on the XRP Ledger (XRPL) before its potential implementation on the mainnet.

A Lucrative Incentive for Researchers: $100,000 in Prizes
The initiative seeks to leverage the talent of the global cybersecurity community to proactively identify and correct potential vulnerabilities. With a total prize pool of $100,000, security researchers will compete to find critical flaws in the protocol’s code.

The grand prize of $50,000 will be awarded to whoever discovers a maximum-severity vulnerability, demonstrating the high value Ripple places on the XRPL lending protocol’s security.

This new protocol, which still needs to be approved by the network’s validators for activation, is designed to allow users to lend and borrow digital assets like XRP, wBTC, and wETH directly on the ledger’s base layer. This native approach aims to avoid many of the vulnerabilities associated with smart contracts that have caused millions in losses on other DeFi platforms.

By subjecting the protocol to such intense scrutiny before its launch, Ripple aims to build trust and ensure a robust and secure environment for future users. This move underscores a firm commitment to the security of the XRPL lending protocol, positioning it as a key piece in the expansion of decentralized finance (DeFi) capabilities within the Ripple ecosystem and setting a precedent for the responsible launch of critical new features in the blockchain industry.

BNB Chain to distribute $45M in an unexpected airdrop. The bonus will mostly go toward meme traders who were active in the past week, with an estimated 160L eligible wallets.

Journalist

Posted: October 13, 2025

Key Takeaways
Why are traders turning bullish on ASTER?
Funding Rates flipped positive at 0.007%, showing a long-heavy bias as TVL climbed to $2.18 billion.

Will ASTER’s momentum continue?
Resistance near $1.8 remains the hurdle—if bulls clear it, the rally could extend in the short term.

Decentralized perpetual exchange Aster [ASTER] regained investor confidence as it finalized plans for an airdrop rollout.

The effect has been positive for its price performance, with 4% of its native token allocated for the airdrop. Following this announcement, the token rallied 20% at the start of the day, while capital inflows remained strong.

Whether this trend will lead to a sustained bullish outcome for ASTER remains to be seen, but market analysis offers potential directions.

On-chain liquidity on the rise
There has been a noticeable increase in on-chain liquidity as the market continued to regain confidence.

Aster’s Total Value Locked (TVL), which measures the level of interest among on-chain investors in an asset, rose by $141 million in the past day to reclaim $2.16 billion.

Source: DeFiLlama

This surge was accompanied by a significant increase in trading activity, as decentralized exchange (DEX) Volumes reached $262 million in the last 24 hours. This indicated that investors were actively accumulating more ASTER.

Over the past seven days, total volume reached $2.24 billion, according to recent data.

However, there has been a shift—Aster’s perpetual exchange has yet to reclaim a spot among the top 15 perpetual protocols with high liquidity levels in the market.

Retailers’ bullish fever for ASTER
Retail investor activity on centralized exchanges provided a more detailed view of the market conditions.

Data from CoinGlass indicated that retail traders placed more long positions than short on ASTER in the past day.

This trend is reflected in the Open Interest Weighted Funding Rate, which turned positive at 0.0072% after staying negative for two consecutive days.

Source: CoinGlass

An observation of the Relative Strength Index (RSI) chart showed that it has also reclaimed the positive level after remaining neutral for about four days.

Whenever the RSI enters a positive zone, it typically signals that bullish momentum is strengthening, potentially allowing prices to move higher on the chart.

Resistance ahead despite optimism
Despite the growing bullish sentiment, the momentum building around ASTER does not guarantee a straightforward rally. ASTER now faces a resistance zone marked by dense supply clusters around the $1.75–$1.80 range.

Source: TradingView

A rejection there could stall the recovery and pull prices back if momentum fades.

Still, market tone remains constructive, supported by $1.44 trading levels and sustained on-chain engagement.

In brief
Larry Fink said he had to “relook at [his] assumptions” about Bitcoin.
BlackRock now manages several crypto-linked ETFs amid growing investor interest.
Some firms, including Hargreaves Lansdown, remain wary despite offering crypto products.
BlackRock CEO Larry Fink has once again reiterated cautious approval of crypto investments and walked back previous comments he made in October 2017 about Bitcoin being an “index of money laundering.”

Speaking with CBS on Sunday, Fink said that “I did say Bitcoin, because we were talking about Bitcoin then, was the domain of money launderers and thieves.”

“But you know, the markets teach you, you have to always relook at your assumptions. There is a role for crypto in the same way there is a role for gold, that is, it’s an alternative,” he said.

In his latest comments, however, Fink also urged caution. “For those looking to diversify, it is not a bad asset, but I don’t believe that it should be a large component of your portfolio,” he added.

BlackRock, the world’s largest money manager, oversees roughly $12.5 trillion in assets. It launched one of the first U.S. crypto spot Bitcoin ETFs in 2024 following regulatory approval from the SEC. Its iShares Bitcoin Trust ETF is the largest crypto ETF with more than $93.9 billion assets under management.

Fink’s shift in tone over the years is in line with a broader softening of Wall Street’s stance on cryptocurrencies. He was part of a cohort of CEOs who once dismissed Bitcoin outright. In 2017, he called it an “index of money laundering,” while JPMorgan Chase CEO Jamie Dimon described it as “a fraud” and said people who owned it were “stupid,” likening the asset to the Dutch tulip mania in the 1630s.

Since then, the mood has changed, with Fink taking a more conciliatory tone from 2023 onwards. Major financial firms, from asset managers to investment banks, are gradually moving into the crypto sector, drawn by investor demand even as they warn of volatility and regulatory risk.

In a letter to investors earlier this year, Fink himself noted that half of the demand for BlackRock's Bitcoin ETF has been "from retail investors, and three-quarters of those investors had never owned an iShares product before."

Chief Investment Officer at Sygnum Fabian Dori told Decrypt that particularly since the re-election of U.S. President Donald Trump, the embrace of crypto assets has moved from institutional involvement to institutional adoption.

“If there was any need for further confirmation of the increasing institutional adoption, it has probably been provided by BlackRock CEO Larry Fink flagging Bitcoin as a potential replacement of the U.S. dollar as a global reserve currency in case the U.S. debt situation would spiral out of control," he said. "These developments have driven Bitcoin dominance, the share of Bitcoin’s market cap relative to the total crypto asset market cap, to a level not seen for years."

Leading global traditional asset managers such as BlackRock or Fidelity have already added Bitcoin to the strategic asset allocation of some of their investment products, while corporations such as Tesla, Strategy, and Metaplanet have integrated Bitcoin into their corporate strategy as a hedge against inflation.

Dori added institutions are interested in three key use cases: Specific crypto assets as an alternative store of value, specific crypto assets as an alternative means of payment and specific crypto assets as a next-generation infrastructure  that enables decentralized application economies.

“Increased macro uncertainty, geopolitical tensions, and the growing risk of currency debasement are factors that promote Bitcoin’s safe haven or store of value attributes,” he said.

Still, not everyone is convinced.

Last week, British investment platform Hargreaves Lansdown warned users to steer clear of Bitcoin, calling it an asset with “no intrinsic value.” In a notice to clients, the firm said crypto “shouldn’t be relied upon to help clients meet their financial goals.”

But firms are still feeling pressure to meet customer demand for these sorts of products. Hargreaves Lansdown itself, which manages $226.8 billion (£170 billion) in assets, nevertheless said it would still allow qualified investors to access new British crypto exchange-traded notes despite their warning.

Bitcoin was trading above $115,000 on Monday, up 3.6% in the past 24 hours, according to CoinGecko. The price recovery follows a sharp dip on Friday, when it slid from $121,000 to $109,000 within hours, triggering nearly $20 billion in liquidations, including roughly $16.7 billion in long positions.

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Solana-based liquidity layer Kamino is integrating crypto prime broker Project 0 to unlock cross-margin lending using a single pool of credit.

Cover image via U.Today

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All of the top 10 coins are in the green zone today, according to CoinStats.

ETH chart by CoinStatsETH/USDThe price of Ethereum (ETH) has gone up by 3.64% over the last 24 hours.

Image by TradingViewOn the hourly chart, the rate of ETH is looking bearish as it is on its way to the local support of $4,042. If buyers cannot seize the initiative, one can expect a level breakout, followed by an ongoing correction to the $4,000 mark.

Image by TradingViewA less clear picture can be seen on the longer time frame. The volume is declining, which means neither bulls nor bears are ready for a sharp move.

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In this case, sideways trading in the area of $4,000-$4,300 is the most likely scenario for the next few days.

Image by TradingViewFrom the midterm point of view, the situation is quite similar. The rate of the main altcoin is far from crucial levels, which means traders are unlikely to witness an increased volatility anytime soon.

Ethereum is trading at $4,111 at press time.

The crypto market just pulled a surprise comeback. It started with three simple words from Donald Trump: “It’ll be fine.” That reassurance, posted on Truth Social, helped cool off fears of an escalating trade war with China and set off a relief rally across risk assets. Stocks rebounded, Bitcoin reclaimed $114,000, and XRP price which had been under pressure for weeks; jumped nearly 5%. But while macro sentiment lit the spark, Ripple’s latest move could be the real fuel behind XRP’s next big leg up.

XRP Price Prediction: Did Trump Just Reignite Risk Appetite Across Markets?

Late last week, Trump rattled markets by threatening “massive” tariffs on China, triggering a broad selloff that wiped out over 800 points from the Nasdaq. But over the weekend, he shifted tone, insisting that “it will all be fine” and even calling China’s President Xi “highly respected.”

That small shift had big market consequences. The Nasdaq opened up 1.7%, the S&P 500 rose 1.3%, and Bitcoin rebounded from weekend lows. Gold broke to new highs above $4,100, confirming investors were repositioning fast. With risk-on sentiment returning, altcoins — especially those with strong fundamental catalysts — found themselves in the spotlight again.

XRP was one of the first to respond. After a sharp selloff last week that tested support near $2.00, the token climbed back above $2.56 on a 4.6% daily gain, signaling renewed buying pressure. But the move isn’t just about market optimism. The real story is Ripple’s latest strategic step — one that could redefine XRP’s use case inside institutional DeFi.

XRP News: Ripple’s “Attackathon” and the Birth of XRPL LendingJust as the macro clouds began clearing, Ripple and Immunefi dropped their own bombshell: a $200,000 “Attackathon” designed to secure the upcoming XRPL Lending Protocol. This isn’t a random bug bounty. It’s the most public and transparent security audit Ripple has ever opened to the global white-hat community.

The initiative will run from Oct. 27 to Nov. 29, giving researchers the chance to find vulnerabilities in the proposed lending protocol before it goes live. Ripple’s goal is clear — ensure the XRPL Lending layer is ironclad before it heads to a validator vote later this year.

Here’s why that matters. If approved, the protocol will bring native pooled lending and underwritten credit directly to the XRP Ledger. That means institutions could issue and repay loans without leaving the network, while investors could earn yield on idle assets — all under compliant, auditable infrastructure.

RippleX’s Head of Product, Jasmine Cooper, summed it up best: “This initiative is about making sure the proposed Lending Protocol is thoroughly tested and resilient before launch.” It’s the kind of move that signals confidence — and one that positions XRPL squarely within institutional DeFi’s next phase.

XRP News: Security, Liquidity, and Institutional TrustRipple’s decision to partner with Immunefi wasn’t random. Immunefi is known for protecting over $180 billion in user funds and stopping more than $25 billion in potential exploits. By joining forces, Ripple isn’t just strengthening its code — it’s broadcasting a message to regulators, banks, and enterprises: “We’re building DeFi that’s safe enough for institutions.”

This is key because lending protocols are the backbone of decentralized finance. Ethereum has Aave. Solana has MarginFi. Now, Ripple wants XRPL to join that club — but with a more compliance-friendly and credit-based model. That’s where the $12 speculation starts to make sense.

Once lending goes live, every transaction — from collateral to yield — could drive real demand for XRP as a base asset. That turns passive liquidity into active utility, something XRP’s ecosystem has been missing since the early cross-border payment days.

XRP Price Prediction: Is the XRP Recovery Real?XRP/USD Daily Chart- TradingViewLooking at the daily XRP/USD  chart:

XRP Price sits around $2.56, up nearly 5%.

Bollinger Bands (20,2) are tightening, signaling volatility compression. The mid-band sits near $2.81 — the next test level.The lower band at $2.41 provided strong support last week, following a deep liquidity wick that momentarily dipped below $2.00.The first green Heikin Ashi candle after a cluster of red ones is printing — an early sign that bearish exhaustion might be ending.If XRP can close a daily candle above $2.80, that would confirm a short-term reversal and open the path to $3.20–$3.60. Momentum is building, but volume confirmation is still required. A close above $3.20 would flip market structure back to bullish, setting the stage for larger targets.

XRP Price Prediction: Can XRP Price Really Reach $12?Let’s be clear: $12 isn’t tomorrow’s target — it’s the long-term ceiling if Ripple executes this DeFi expansion flawlessly. The roadmap looks something like this:

Attackathon success: No critical vulnerabilities found — institutional confidence grows.Validator approval: Protocol activated on XRPL, introducing real lending and yield mechanisms.Institutional adoption: Financial entities start using XRP-based credit and liquidity solutions.At that point, XRP price stops being a speculative token and becomes infrastructure. And in a full-blown bull market, when Bitcoin stays above six figures, an XRP rally toward $10–$12 becomes not just possible, but mathematically supported by network demand.

The Risk FactorOf course, no setup is risk-free. If security researchers find serious flaws, the lending protocol vote could be delayed or derailed. A rejection from validators would immediately stall momentum. Additionally, XRP remains correlated with macro sentiment — meaning another tariff escalation or Fed surprise could drag it back under $2.40 support.

Short-Term OutlookBullish Case: XRP holds above $2.50 and breaks $2.80, targeting $3.20 next week.Neutral Case: Consolidation between $2.40 and $2.80 as markets digest Attackathon updates.Bearish Case: A close below $2.40 reopens $2.00 liquidity.Given the macro tailwinds and fundamental momentum, the bullish case currently carries higher probability.

Final TakeTrump’s reassuring “it’ll be fine” moment restored global market confidence just as Ripple reignited investor excitement with its most ambitious XRPL upgrade yet. Together, these two forces — political calm and protocol innovation — may have just set the stage for XRP’s next breakout cycle.

If Ripple’s lending protocol clears its Attackathon unscathed and gains validator approval, $XRP could be on the path from short-term recovery to long-term revaluation. And while $12 might sound bold, in crypto, confidence and catalysts often move faster than anyone expects.

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TL;DR

XRP has staged a strong recovery after the sharpest market drop in months, regaining over $75B in market value following a steep plunge to multi-month lows.
Trading volume and long positioning surged as buyers stepped in aggressively after the correction.
Technical indicators point to additional upside if key resistance areas are cleared in upcoming sessions.

XRP fell below the $2 mark after the announcement of 100% tariffs on Chinese imports triggered broad selling pressure across major digital assets. The token dropped to $1.58 on Bitstamp, its lowest point in ten months, before sentiment reversed. It has since climbed to $2.60, reflecting a 9.60% gain in the last 24 hours. Some traders pointed out that automated liquidation cascades exaggerated the initial decline, creating unusually discounted entries across top-tier exchanges.

Market capitalization now stands at $156.31B, and 24-hour trading volume has reached $11.17B, a 48% increase that signals determined buying interest. The recovery has pushed valuations close to pre-crash levels, supported by renewed activity in the derivatives market. Open interest and leveraged positioning confirm that bullish momentum remains in play. Several desks also reported increased spot accumulation from Asian trading hours.

Technical Signals Favor Further Upside
The weekly Stoch RSI sits at 8, a zone historically linked to strong reversals in XRP. In late 2024 the token rallied over 400% after touching similar conditions, while another surge above 90% began in mid-2025. Traders are closely tracking this indicator as a potential trigger for extended upside. Some long-term holders argue that structural liquidity has improved since the previous cycle.

Chart Nerd noted that every dip into oversold territory since mid-2024 preceded significant rallies. Several analysts now consider a move toward $5 achievable if momentum continues and supply zones are surpassed. Confidence has stayed firm despite the severity of last week’s sell-off and the policy-driven market shock.

Key Resistance Zones In Focus
The $2.70 to $2.80 range is the first critical test, having acted as support in previous sessions and containing roughly 3.8B XRP accumulated at those levels. A secondary pocket lies between $2.88 and $2.95, where both the 50-day and 100-day simple moving averages intersect. Clearing either band with conviction could attract larger allocations from institutional desks.

CryptoBull argues that a weekly close above the 2025 uptrend line would keep the broader bullish structure intact. Regaining the 200-day simple moving average has also strengthened sentiment and reinforced medium-term positioning. With volume expanding and buyers active on dips, XRP retains strong potential to extend its recovery.

Ethereum reclaims $3,650 support after a false breakdown; charts and demand point to a possible rally toward $4,800 or $7,000 by 2026.

Hyperliquid has launched HIP-3, a network upgrade making its platform permissionless for perpetual exchanges; developers can deploy markets by staking 500,000 HYPE, challenging the CEX model.

Ripple and Immunefi have launched a $200,000 “Attackathon” to test and secure the upcoming XRPL Lending Protocol.

Summary

Ripple partnered with Immunefi to test the security of the XRPL Lending Protocol
Two organizations will launch $200,000 “Attackathon” to test the security of the protocol

Lending protocols are historically high-value, high-risk targets in DeFi. On Monday, Oct. 13, Ripple and Immunefi launched a $200,000 “Attackathon” to test and secure the upcoming XRPL Lending Protocol. This protocol is a key part of XRP Ledger’s expanding DeFi roadmap.

The initiative will invite global security experts to identify vulnerabilities in the protocol before it goes live. Experts who find critical vulnerabilities will receive bounties from the $200,000 rewards pool. The program is currently in its training phase, with active bug hunting set for Oct. 27 to Nov. 29.

“This initiative not only strengthens XRPL’s infrastructure but also reinforces Immunefi’s mission to protect the most critical ecosystems in Web3,” said Mitchell Amador, CEO and Founder of Immunefi, adding that it leverages “the expertise of the world’s best security researchers.”

XRPL Lending Protocol key to Ripple’s DeFi pivot
The goal of the hackathon is to stress test the XRPL Lending Protocol before launch, reducing the risk of critical failures. It also aims to build confidence in a protocol that will form the backbone of the XRPL’s DeFi ecosystem.

“This initiative is about making sure the proposed Lending Protocol is thoroughly tested and resilient before launch, so developers and institutions can build with confidence. Partnering with Immunefi allows us to work with some of the top security researchers to help strengthen this new layer of XRPL’s DeFi infrastructure,” said Jasmine Cooper, Head of Product at RippleX.

XRP, the smart-contract-enabled section of the Ripple (XRP) ecosystem, is known for its speed and cheap transactions. However, it has so far not supported lending, a key element in DeFi. This is what the XRPL Lending Protocol aims to enable.

In brief
Crypto ETPs drew $3.17 billion in inflows last week, pushing 2025's total to a record $48.7 billion.
Friday's market crash saw minimal ETF outflows of just $159 million, suggesting retail investors held positions while institutional traders remained largely unaffected.
Bitcoin briefly dropped below $110,000 over the weekend but is recovering, with Ethereum showing a larger gain over the last 24 hours.
Bitcoin and Ethereum exchange-traded products pulled in $3.17 billion worth of funds last week before spot markets tanked on Friday during tense trade talks between the U.S. and China.

Bitcoin funds pulled in $2.6 billion and Ethereum funds saw $338 million worth of new deposits, according to a report from crypto asset manager CoinShares.

Last week's inflows have brought the year-to-date crypto fund deposits to a record $48.7 billion, meaning crypto ETPs have already beat last year's record flows.

There's some evidence that the crash had an impact on ETF holdings, but not much. "Friday saw little reaction with a paltry $159m outflows," noted CoinShares Head of Research James Butterfill.

He added that it's unlikely retail traders were the ones selling their Bitcoin and Ethereum ETF shares on Friday.

"We’ve found that retail holders of ETPs tend to be much 'stickier' than institutional investors, who often engage in basis trading," he told Decrypt, referring to traders who buy long spot and short futures. "Therefore, I’d expect most of the outflows to come from institutional investors who were likely washed out of the basis trade after this recent sell-off, rather than from retail holders—although there was no evidence of this on Friday flows, so it seems that the institutional basis trades (who really move the flows) were not impacted much."

At the time of writing, users on Myriad, a prediction market owned by Decrypt parent company Dastan, think there's little chance optimism will return in the next two days. Roughly 62% of predictors think the Crypto Fear & Greed Index will still be below 55 on October 15. That number has jumped by more than 13% in the past day.

The Crypto Fear & Greed Index sank as low as 24 on Sunday, solidly in the "extreme fear" range. As of Monday morning, it's at 38 and moved back into the "fear" zone.

Even before the flash crash, Butterfill said there were an awful lot of ETF shares changing hands last week.

"Weekly volumes on digital asset ETPs were the largest on record at a whopping $53 billion for the week, double the 2025 weekly average, with Friday volumes being the largest daily on record at $15.3 billion," he wrote. "Total assets under management following the tariff announcement fell by 7% from last week's peak to $242 billion."

At the time of writing, Bitcoin has rebounded nearly 3% in the last day to about $114,200. Over the weekend, it briefly dipped below $110,000—a level BTC hadn't seen in two weeks.

The recovery for Ethereum has been even more pronounced. On Monday morning, ETH has surged more than 7% to $4,118 after spending the majority of the weekend below $4,000, according to crypto price aggregator CoinGecko.

Leveraged traders on perpetual contracts on centralized exchanges bore the brunt of the Friday crash, according to Marcin Kazmierczak, co-founder of crypto oracle company RedStone.

"Within hours, the total cryptocurrency market capitalization fell from around $4.3 trillion to approximately $2.7 trillion, wiping out nearly $600 billion in paper value," he told Decrypt. "The flash crash in token prices caused collateral values to plummet momentarily, triggering massive liquidation cascades."

He pointed out that the carnage was less severe on decentralized exchanges and DeFi projects.

"Firstly, major oracles such as Chainlink and RedStone kept reporting price feeds from multiple venues, being immune from flash crashes at some exchanges," he said. "Secondly, there was simply less leveraged on-chain positions."

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Pi’s supply dynamics are shifting towards DeFi: will this revolutionary Pioneer crusade wake up the bull?

Market Sentiment:

Bullish

Bearish

Neutral

Published:
October 13, 2025 │ 2:35 PM GMT

Created by Kornelija Poderskytė from DailyCoin

The 70-million strong Pi activist community has just agreed to launch a community-powered crypto buy-back program, which is aimed at reducing Pi Coin’s (PI) supply on centralized exchanges (CEXs). For this reason, the Pioneers are encouraging the community to withdraw their Pi Coins (PI) held on CEXs, preparing for the decentralized exchange’s (DEX) launch on Pi’s mainnet.

417M Pi Coins In Buy-Back Plan To Boost PriceAccording to the preliminary estimations, there’s 417 million Pi Network (PI) tokens sitting on exchanges, which puts extra hurdles in Pi’s price growth. If this supply is rather consumed on Pi Network’s decentralized exchange, the induced supply crunch could significantly drive up the price, argues Fen Leng. However, the buy-back plan heavily relies on the mainnet’s user base.

📢417M $Pi tokens are sitting in exchanges where the key supply that controls the market price!
With the arrival of DeFi on Pi, the supply of $Pi on CEX will be drained by pioneers who may want to trade,swap on Pi DEX or provide liquidity for rewards. The network will decide… pic.twitter.com/B3Eg5jezKV

— PiNetwork⚡️阿龙 (@fen_leng) October 13, 2025
A few weeks back, Pi Network’s (PI) core developer team unleashed a bi-folded upgrade on the network, adding an automated market maker (AMM) & a dedicated decentralized exchange (DEX). This feature is examined on the testnet now, while the 100-dApp plan is rolled out on the mainnet in phases. With Web3 user activity being key in this plan, a lot will depend on scarcity.

Pioneers Peel Their Eyes On This ‘Uptober’ DateThe growth of Pi Network (PI) since the mainnet launch in February, 2025 has been nothing less of a turbulent ride, going from $2.99 to $0.20, producing one of the heaviest altcoin shake-outs this year. Multi-million Pi Coin (PI) unlocks didn’t help, just like the lack of listings on major exchanges, despite multiple hints from Binance, HTX, KuCoin & other popular brands.

With the latest DeFi push, Pioneers are now waiting to see the final results of the Pi Hackathon 2025, which is focused on bringing utility to the Pi Network (PI). Fresh produce delivery, social networking, Play 2 Earn games and other decentralized applications (dApps) are on the table, but the core team remain mysterious on which of the showcased apps will make the mainnet.

🚀 The Pi Mainnet ecosystem is experiencing explosive growth!
There are already 210+ live apps, with more than 23,000+ in Pi Studio gearing up to launch on the Mainnet!

📅 Final Hackathon submission deadline: Wednesday, October 15
More amazing apps are racing against time to… pic.twitter.com/QSDI4OTO47

— Pi News (@PiNewsMedia) October 12, 2025
The results shall come in on October 15, 2025, with over 23,000 candidates in Pi Studio. There’s over 210 live apps currently available on the testnet, while the full list can be accessed by Pi Browser. Following the news, Pi Coin (PI) bounced back by 4.77% in the latest 24-hour period to trade at $0.21, but the daily trading volume remains disparagingly low at $57,316,756.

Why This MattersPi Network’s courageous move towards from major exchanges to DeFi aligns with a popular global trend, with decentralized exchanges witnessing a 50% growth in Q3 of 2025.

Stay in the loop with DailyCoin’s popular crypto scoops:
Crypto Mining Made Easy: 3 Gamified Apps You Can’t Miss
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People Also Ask:What is causing the supply crunch for Pi Coin?

Pioneers actively move Pi tokens from centralized exchanges (CEX) to Pi’s decentralized exchange (DEX) for trading, swapping, and liquidity, reducing available supply.

How does the DeFi integration impact Pi Coin?

Pi Network’s DeFi roll-out empowers pioneers to engage in decentralized trading, draining CEX reserves and driving a buy-back trend.

Why are pioneers triggering a buy-back mode?

Pioneers actively seek to control market price by relocating 417 million Pi tokens, creating scarcity and boosting buy-back demand.

What role does the Pi DEX play?

The Pi DEX enables pioneers to trade and provide liquidity without centralized authority, accelerating the shift from CEX to decentralized wallets.

How does this affect Pi Coin’s market value?

Reduced supply on exchanges, coupled with increased pioneer activity, potentially raises Pi Coin’s value as demand outpaces availability.

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

Market Sentiment

0% Neutral

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

BitMine Immersion announced the acquisition of more than 200,000 ETH, raising its total holdings of the cryptocurrency to more than 3 million ETH. 

The firm said its crypto and cash holdings are worth nearly $13 billion. BitMine holds a mix of ETH and BTC, in addition to its bitcoin mining business lines and shares in Eightco Holdings, a Worldcoin treasury company. 

BitMine is the largest treasury company of its kind, with its holdings far exceeding those of other firms, per Blockworks Research data. 

The firm, according to chairman Tom Lee, has maintained a goal of acquiring 5% of the total supply of ETH, which per Coingecko currently stands at more than 120 million tokens.

In this morning’s press statement, Lee cited last week’s market tumult and wave of liquidations in leveraged trading markets as key instigators for Bitmine’s latest purchases. 

“The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of,” Lee said in a statement, later adding: “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”

BitMine is one of a growing body of digital asset treasuries (DATs) that trade on public markets. 

BitMine’s stock, under the ticker BMNR, is trading at $54.86, up roughly 4.3% since the market’s open.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

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TagsBitMineDATsETHTom Leetreasury companies

Pseudonymous millionaire crypto trader Unipcs has taken a $15 million hit in what he called the most "brutal" liquidation in crypto history.

What Happened: Unipcs reported roughly $15 million wiped out just before liquidation as his positions in Bonk (CRYPTO: BONK), Fartcoin (CRYPTO: FARTCOIN) got wiped out.

His spot holdings remained largely intact, Unipcs said, explaining that while Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) fell roughly 13%, altcoins and meme coins plummeted 70%–99% within minutes.

The crash was largely confined to centralized exchanges, pointing to liquidity or market-maker issues rather than a systemic market collapse.

 Also Read: Bitcoin Roars To $114,000, Ethereum, XRP, Dogecoin Rebound From $20 Billion Liquidation Catastrophe

Exchange systems failed, stop-losses didn't trigger, and margin additions were impossible, creating a cascade of unprecedented speed and severity.

Unipcs concluded that he will revamp his frameworks, reducing leverage, strengthening risk protocols, and safeguarding positions from exchange-side failures.

Despite the massive loss, he remains bullish on the market, confident in a potential Q4 rally, and emphasized that losses can be recovered, with the cycle still offering enormous profit potential.

Read Next:

Peter Schiff Says Bitcoin’s Recovery Is A ‘Dead Cat Bounce’ While Gold Makes Another All-Time High
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