Market Signal Briefing

Indian Judge Halts WazirX’s XRP Reallocation Plan Linked to 2024 HackThe Madras High Court granted interim protection to a WazirX user, blocking the exchange from redistributing her XRP as part of its Singapore-led restructuring.Updated Oct 27, 2025, 8:54 a.m. Published Oct 27, 2025, 8:54 a.m.

The Madras High Court has recognized cryptocurrency as property capable of being held in trust, granting relief to a WazirX user whose XRP funds were frozen following the exchange’s 2024 hack.

The ruling could set a precedent for how Indian courts handle user claims against exchanges operating under foreign jurisdictions.

Justice N. Anand Venkatesh’s Oct. 25 order directed Zanmai Labs, WazirX’s Indian operator, to furnish a bank guarantee worth roughly 9.56 lakh (around $11,500), equivalent to the petitioner’s frozen 3,532 XRP, pending arbitration.

“The cryptocurrency was held by her in India by means of the WazirX platform,” the court said. “Cryptocurrency is a property… capable of being enjoyed and possessed, and capable of being held in trust.”

The decision came after Rhutikumari, a long-time WazirX user, challenged the exchange’s right to redistribute her XRP holdings under a “socialized loss scheme” tied to its Singapore-based parent Zettai Pte Ltd’s restructuring.

WazirX, once India’s largest crypto exchange, halted withdrawals in July 2024 after a $230 million hack targeting wallets managed by Singapore custodian Liminal. The company then pursued a court-supervised restructuring in Singapore, under which users would receive “recovery tokens” and partial repayments once operations resumed.

That plan — approved by the Singapore High Court earlier this month — has since become the cornerstone of WazirX’s relaunch. But the Madras ruling signals that Indian users may still seek domestic legal protection even when the company’s legal seat lies abroad.

For thousands of Indian users still waiting for their tokens from the 2024 WazirX hack, the Madras decision marks the first tangible win.

It doesn’t force WazirX to return funds yet, but it acknowledges a principle that may define future cases: That crypto belongs to the user, not the exchange.

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Mt. Gox Delays Creditor Repayment to October 2026

Mt. Gox has extended the creditor repayment deadline by a year.

What to know:

Mt. Gox has extended the creditor repayment deadline to Oct. 31, 2026, from the previous deadline of Oct. 31, 2025.The Rehabilitation Trustee, with court approval, aims to complete repayments as reasonably practicable.Most main repayments have been completed for creditors who met the necessary conditions without issues.Read full story

The plan is aimed at limiting arbitrary data on-chain after the Bitcoin Core v30 update, but was criticized as “Orwellian” and “an attack on Bitcoin.” However, Dashjr later clarified the language was misinterpreted. Meanwhile, a separate NYDIG report challenged the long-held belief that Bitcoin acts as an inflation hedge, and found instead that its price moves more closely with fluctuations in the US dollar and broader liquidity trends.

A new Bitcoin improvement proposal authored by long-time core developer Luke Dashjr caused widespread outrage across the crypto community, after a section in the document appeared to imply legal consequences for those who reject the proposed soft fork. The proposal was published on Friday, and is the latest flashpoint in the debate between Bitcoin Core and Bitcoin Knots supporters. The debate centers on whether Bitcoin should allow non-financial transactions or restrict data that could contain illicit content.

The goal of the proposed soft fork is to limit the amount of arbitrary data stored in Bitcoin transactions for one year, until a permanent solution can be introduced. This move comes amid concerns that the latest Bitcoin Core v30 update, which allows larger data payloads, could enable malicious users to embed illegal or immoral content on-chain — potentially exposing network participants to criminal liability. 

However, controversy erupted over the proposal’s language in lines 261 to 272, where it states that “there is a moral and legal impediment to any attempt to reject this soft fork,” followed by a note that rejecting it “may subject you to legal or moral consequences” or result in “splitting off to a new altcoin like Bcash.”

Critics quickly accused Dashjr of trying to coerce the community through fear of legal repercussions. Bitcoin educator and systems engineer Bam called the wording “Orwellian,” and compared it to a dystopian overreach.

Software engineer Ben Kaufman described it as “the most clear case of an attack on Bitcoin.” Canadian cryptographer Peter Todd shared screenshots suggesting Dashjr was relying on the threat of legal pressure to ensure adoption. Galaxy Digital’s Alex Thorn also called the move “explicitly an attack on Bitcoin.”

Others, however, argue that the section has been misinterpreted. They claim it refers to the risk of being complicit in hosting illegal content should the fork not be adopted, rather than a direct legal threat. 

Dashjr himself clarified that the wording originated from an earlier draft and said it might need more clarification. Still, even if the fork moves forward, Todd claims to have already bypassed its proposed restrictions, suggesting the technical fix may not be effective. BitMEX Research also warned that the proposal could inadvertently create economic incentives for bad actors to post illegal content on-chain in order to disrupt the network.

Bitcoin’s Real Driver Is Dollar WeaknessIn other Bitcoin-related news, Bitcoin’s reputation as an inflation hedge is being challenged by new research from NYDIG, which suggests that inflation itself has little influence on the cryptocurrency’s price. Instead, the report argues that Bitcoin tends to rise when the US dollar weakens, much like gold. 

Greg Cipolaro, NYDIG’s global head of research, said in a note on Friday that while the crypto community often portrays Bitcoin as “digital gold,” the data simply doesn’t support a strong or consistent link between inflation and Bitcoin’s performance.

Cipolaro explained that Bitcoin’s correlations with inflationary measures are neither steady nor particularly strong, and that expectations of inflation are only a slightly better predictor of Bitcoin’s price movements. Interestingly, he added that even gold, which has long been considered the ultimate inflation hedge, doesn’t live up to that label. In fact, gold has shown an inverse and inconsistent relationship with inflation over time, a finding that Cipolaro described as “surprising for an inflation protection hedge.”

(Source: NYDIG)

What seems to matter more for both Bitcoin and gold, according to NYDIG, is the strength of the US dollar. As the dollar weakens against other currencies, both assets tend to rise. Cipolaro explained that while gold’s inverse correlation to the dollar is long established, Bitcoin’s relationship is newer but growing stronger as it becomes more integrated into the traditional financial ecosystem.

(Source: NYDIG)

He also pointed out that broader macroeconomic factors like interest rates and the money supply have played a more important role in shaping Bitcoin’s price. Historically, gold gained when interest rates fell and declined when they rose. This pattern has now begun to emerge for Bitcoin as well. Similarly, looser monetary policies and expansions in global liquidity generally supported Bitcoin’s upward movements.

Cipolaro concluded that these trends show how Bitcoin has matured into a key player in the global financial landscape. While gold may serve as a hedge against real interest rates, he said, Bitcoin evolved into what he described as a “liquidity barometer,” by reflecting much broader shifts in global economic conditions rather than reacting directly to inflation itself.

Ted Hisokawa
Oct 27, 2025 07:56

Bitcoin neared $115,000 amid easing US-China trade tensions, boosting global risk appetite and driving gains across equities and major cryptocurrencies.

Bitcoin (BTC) has surged to nearly $115,000, buoyed by easing trade tensions between the United States and China. This development has sparked a global increase in risk appetite, leading to gains across both equities and major cryptocurrencies, according to CryptoNews.

The cryptocurrency market followed suit, with its total market value rising by 3.7% to $3.9 trillion. Ether (ETH) climbed 7% to $4,200, Binance Coin (BNB) increased 2.8% to $1,149, and XRP rose 1.3% to $2.64. This positive momentum set a promising tone ahead of a week filled with central bank decisions and significant earnings reports.

Trump and Xi Set to Review Preliminary Trade Deal
During the weekend, senior economic officials from the US and China outlined a framework that Presidents Donald Trump and Xi Jinping are expected to review in South Korea later this week. A potential agreement that would halt increased US tariffs and Chinese export controls on rare earths could alleviate market tensions after months of escalating trade risks.

Upcoming policy meetings in Japan, Canada, Europe, and the US are of significant interest, with the Federal Reserve expected to cut interest rates by 25 basis points. This anticipated cut follows a slightly lower-than-expected rise in September inflation, despite concerns about the ongoing government shutdown's impact on data.

Cooling Inflation Supports Rate Cut Expectations
Investors are also preparing for an intense period in the US earnings season, with major tech companies such as Microsoft, Apple, Alphabet, Amazon, and Meta set to report. These earnings reports are crucial as they have anchored risk sentiment throughout 2025.

Expectations for a quarter-point rate cut by the Federal Reserve remain strong, with the benchmark rate likely moving from 4.0% to 4.25%. This follows a year-on-year Consumer Price Index increase of 3% in September, below the 3.1% consensus. The prospect of cooling inflation and positive earnings has increased cyclical exposure in portfolios, with treasury yields easing, the dollar stabilizing, and gold experiencing profit-taking as investors shift back to growth.

Institutional Interest in Digital Assets Grows
In the digital asset market, treasury positioning remains a focal point. While concerns about MicroStrategy's growth outlook persist, institutional interest is growing in companies like Metaplanet, BitMine, and Galaxy Digital. Miners are benefiting from AI-infrastructure pivots and capital inflows, with TeraWulf, CleanSpark, and Iren cited as early beneficiaries.

Among major cryptocurrencies, Solana, Jupiter, and Virtuals have outperformed due to ecosystem catalysts, while Tron and Ethena have shown mixed trading flows amid DeFi rotations. For crypto trading desks, the trajectory of interest rates, the outcome of US-China negotiations, and the earnings results will be pivotal in determining whether Bitcoin can sustain its momentum towards $120,000.

Image source: Shutterstock

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U.S. spot Ethereum ETFs recorded their second consecutive week of outflows, with around $555 million exiting the funds over the two-week period.

Summary

Spot Ether ETFs registered two consecutive weeks of outflows for the first time since April.
Ether price breached past $4.2K resistance today and analysts now predict much higher gains over the coming weeks.

According to data from SoSoValue, the nine Ether ETFs experienced their second consecutive week of outflows in the week dated Oct. 20-Oct. 24, which saw around $243.91 million withdrawn by investors.

Fidelity’s FETH led the weekly outflows with $95.2 million in redemptions, while BlackRock’s ETHA followed with outflows of $89.1 million. Grayscale’s ETHE and ETH funds contributed to negative momentum with $26.1 million and $23.5 million in outflows, respectively. 

More modest outflows came from Bitwise’s ETHW and VanEck’s ETHV, which saw a combined outflow of $10 million. The remaining ETH ETFs remained neutral over the week.

Adding last week’s outflows to the prior week, a total of $555.7 million has bled from the investment vehicles. The continued weekly outflows, marking the first back-to-back outflows for Ethereum ETFs since April, seem to indicate that investor demand for these funds is cooling.

Demand for their Bitcoin counterparts, on the other hand, has returned, with Bitcoin ETFs recording $446.36 million in weekly inflows across the 12 BTC funds, a sharp reversal from the $1.23 billion in net outflows seen the previous week.

Investors likely remained cautious around ETH ETFs, as Ethereum’s price struggled to regain traction following sharp declines earlier this month, driven by broader macroeconomic concerns and a wave of risk-off sentiment. Market participants also likely were awaiting the U.S. CPI data released last Friday, which marked the first key economic data from the U.S. since the government went into a shutdown on Oct. 1.

Market momentum, however, seems to have returned, especially after Friday’s inflation data, with headline CPI rising from 2.9% in August to 3.0% in September, and Core inflation dropping from 3.1% to 3.0, has improved the odds of a rate cut. CME’s FedWatch tool puts the odds of a 25bps rate cut this week at 96.7%.

Ethereum breaks through $4,200 resistance barrier
After hitting lows around $3,880 on Oct. 24, Ethereum (ETH) price regained bullish momentum over the weekend and managed to break through $4,200 resistance today. As of press time, the leading altcoin stood at $4,229, up over 7% in the past 24 hours.

According to market watchers, Ethereum’s technical structure appears to be setting up for another impulsive leg higher. 

As highlighted by pseudonymous crypto analyst Pascal, ETH seems to be completing its internal Wave 4 of the Primary Wave 3, a phase that often precedes a strong upward breakout.

Source: X/PascalTrades
If this Elliott Wave count holds, Ethereum could enter Wave 5 with potential upside targets between $5,800 and $6,300, completing the broader Primary Wave 3 before a minor correction back toward the $5,000 zone.

ETH MACD crossover — Oct. 27 | Source: crypto.news
With ETH having already reclaimed the $4,200 resistance level, traders are eyeing a possible continuation toward $4,600 in the short term, with technical indicators such as a MACD crossover on the 1-day chart leaning in favor of the bulls.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solana price has just stolen the spotlight among altcoins, breaking out with powerful momentum that has traders buzzing. The latest 6% daily surge comes on the back of a broader market rally led by Bitcoin’s impressive climb to $115k. As a result, Solana’s market cap now stands at a staggering $112.54 billion with daily trading volume rocketing nearly 90% higher, echoing a strong surge of interest. 

The energy behind Solana’s move isn’t an accident. In the past 24 hours, $195M in altcoin shorts were liquidated as Bitcoin ramped higher, creating fuel for Solana’s breakout. A fresh wave of bullishness was also triggered after Solana’s co-founder, Anatoly Yakovenko, challenged Ethereum’s layer two security models.

SOL Price AnalysisSOL’s price rally has plenty of confirmation under the hood. The coin decisively reclaimed the $200 level after piercing both its 30-day SMA at $204.37 and its long-term 200-day SMA at $177.33. Technically, this marks a momentum shift, as price action closed above both the pivotal $197.6 region and the 50% Fib retracement of $205.42. 

Talking about indicators, the MACD histogram just turned positive (+1.3), reflecting a bullish crossover and increasing upward momentum. With the RSI close to 59.31, there’s ample room for continued gains before the chart runs into the typical overbought zone above 70. SOL’s daily low and high from $193.61 to $204.88 carve out a new support base, this is while resistance now sits at $222.2.

What I’m watching next is how Solana holds above $205.42. Sustained closes above this level confirm the rally is real and could open the rallies towards $211.78 and $222.27. If buyers manage a weekly close above $222, then the chart’s structure positions the asset for a potential return to the $280 region.

“$SOL is still holding its 3-year support trendline. The most important level for Solana is $280, and a weekly close above it will trigger a massive rally. I still think $400-$500 SOL is happening this cycle.”

— BitBull

FAQsWhy is Solana’s price going up?

Solana’s price surge was jump-started by Bitcoin’s climb to new highs, which triggered a cascade of altcoin buying, forced liquidations of short positions, and renewed confidence from bullish narratives within the ecosystem.

Is Solana overbought at current levels?

SOL’s RSI is just shy of 60, suggesting there’s room before extreme overbought signals. Momentum and breakout confirmation point to more upside potential if key resistances are breached.

Which resistances should traders watch?

The next resistances are $211.78 and $222.27. If these levels are convincingly captured, then the path to $280 opens.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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In a major development for Central Asia’s digital finance landscape, Kyrgyzstan has launched a national stablecoin built on BNB Chain, the blockchain ecosystem supported by Binance.

The stablecoin, reportedly pegged to the Kyrgyz som (KGS), is designed to support domestic payments, cross-border settlements, and the country’s growing digital asset ecosystem.

Kyrgyzstan’s Central Bank has confirmed plans to pilot a CBDC (digital som) in multiple stages, starting with government transactions and social payments before expanding to public use.

CZ’s Visit: Strengthening Binance–Kyrgyzstan TiesDuring a two-day visit to Bishkek, Binance co-founder Changpeng Zhao (CZ) met with President Sadyr Japarov to discuss how blockchain could modernize Kyrgyzstan’s financial infrastructure and improve transparency in public finance.

CZ announced on X (formerly Twitter) that Kyrgyzstan has:

Launched its national stablecoin on BNB Chain.Initiated a CBDC rollout for government payments.Created a National Cryptocurrency Reserve that includes BNB.Partnered with ten universities to expand Binance Academy.Trained law enforcement agencies in crypto investigations.Localized the Binance app fully for Kyrgyz users.“It’s inspiring to see Kyrgyzstan embrace blockchain at a national level,” CZ posted. “Education, innovation, and regulatory clarity are key pillars for sustainable adoption.”

Regulatory Roadmap: A Sandbox for Blockchain InnovationPresident Japarov’s administration has prioritized digital asset regulation to attract foreign investment and enhance transparency. The National Council for Blockchain and Virtual Assets, of which CZ is now a member, is drafting laws to:

Define stablecoins and asset-backed tokens,Establish reserve and auditing requirements, andLaunch a “regulatory sandbox” allowing startups to test blockchain projects under supervision.According to CoinDesk, the Council will submit the initial legal framework within two months, including potential tax incentives for fintech firms and licensing standards for crypto operators.

The National Cryptocurrency Reserve: A First of Its KindKyrgyzstan’s newly announced National Cryptocurrency Reserve will include BNB, Bitcoin (BTC), and other major digital assets. The reserve aims to:

Diversify the country’s financial reserves,Hedge against fiat volatility, andSupport liquidity for the upcoming CBDC.Analysts say including BNB in a sovereign crypto reserve is an unprecedented show of confidence in Binance’s ecosystem.

The global crypto community responded positively. Many praised Kyrgyzstan’s bold approach, noting that small nations are now taking the lead in blockchain adoption.

BNB’s price rose about 2.5% following the announcement, with trading volume spiking across major exchanges. Market observers see this as renewed confidence in Binance after months of regulatory scrutiny.

“Choosing BNB Chain over Ethereum or Tron is a major endorsement,” said one analyst on X. “It could pave the way for other nations to build on Binance’s infrastructure.”

Why It MattersKyrgyzstan’s initiative could inspire other emerging economies to explore national stablecoins and CBDCs built on public blockchains.

It represents:

A new model of public-private blockchain collaboration,A real-world validation of the BNB Chain’s scalability, andA strategic move by Binance to strengthen ties with governments following recent legal challenges.For Changpeng Zhao, recently pardoned by U.S. President Donald Trump, this marks a symbolic return to global leadership — positioning Binance at the center of the next phase of digital finance.

What’s NextThe Kyrgyz government expects to:

Begin CBDC pilot tests by early 2026,Finalize digital asset regulations within the next quarter, andExpand blockchain education programs across universities nationwide.Binance, meanwhile, plans to support developer grants and local incubators through the BNB Chain Innovation Fund to accelerate Web3 adoption in Central Asia.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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A fresh soft-fork concept billed as a “temporary” fix for non-monetary data on Bitcoin has ignited one of the sharpest developer rows since the blocksize wars, with critics decrying the move as censorship theater—and, more explosively, as an attempt to force changes under the specter of legal liability.

The proposal—submitted on Oct. 24, 2025, to the Bitcoin Improvement Proposals (BIPs) repository as “Reduced Data Temporary Softfork”—seeks to “temporarily limit arbitrary data at the consensus level.” Authored by contributor “dathonohm,” it explicitly cites an earlier mailing-list idea from longtime developer Luke Dashjr and frames the effort as a short-run measure while longer-term designs are pursued. The pull request was labeled “New BIP,” with discussion organized around two activation paths described as “proactive” and “reactive.”

Although many in the debate refer to the document as “BIP-444,” the draft in the repository has not been assigned a number and still appears as “bip-????.mediawiki.” Even so, the conversation quickly escaped the confines of GitHub and the dev mailing list, morphing into a full-blown culture clash on X.

An ‘Attack On Bitcoin’?
At the core is a claim familiar from the inscription/Ordinals fights of 2023–2024: Bitcoin is “a monetary network,” not “an arbitrary data transfer protocol.” Supporters argue that constraining arbitrary payloads is about protocol purpose, not adjudicating content. In the draft’s discussion, the author stresses that limiting data avoids turning Bitcoin into “a content moderation system,” and contends that permissive data storage risks centralization and stigma if the chain becomes known as a venue for illegal material. “Node operators shouldn’t have to defend hosting arbitrary data just to participate in a monetary network,” one passage reads.

The draft also floats a one-year horizon by anchoring the rules to a specific block height. In the PR discussion, a reviewer asked why the document blocks at “987424,” noting that if the intent is “to have it be a year out,” the magic number should be explained in an FAQ because height would drift during debate. The author replied to “see the deployment section,” underscoring that the change is designed to expire.

What the change actually does is still being refined in the thread, but the direction is clear: clamp down on overt channels for large data blobs—explicitly OP_RETURN—and close obvious hiding spots in tapscript. One reviewer challenged the scope, noting that if the point were merely OP_RETURN, the draft would not also touch “MAST and OP_IF,” revealing that the specification aims beyond legacy datacarriers to curtail more expressive script paths that can be abused for storage.

That breadth—combined with the document’s rhetoric—sparked immediate blowback. “Luke is being very clear that he expects his soft-fork to get adopted due to legal threats,” said cryptographer Peter Todd.

He also amplified a separate line of attack: that the change could perversely create a censorship-based double-spend vector. “BIP-444 creates a ‘C-SCAM’ attack where you use censoring reorgs to double spend,” Todd wrote, echoing BitMEX Research’s warning that a malicious actor could embed illegal content on-chain “to cause a re-org and succeed with their attack,” thereby creating “an economic incentive for onchain CSAM.”

Galaxy’s head of research Alex Thorn weighed in even more bluntly: “this is explicitly an attack on bitcoin… however it’s also incredibly stupid.” Long-time Bitcoin developer Matt Corallo summarized the cultural dissonance with acid irony: “Bitcoin devs: ‘we have to be really careful…’ This BIP: ‘YOLO’.”

Bitcoin devs: “we have to be really careful when designing forks to ensure there is never even remotely any risk that funds are effectively seized by fork activation. That would set a terrible precedent and risk Bitcoin’s longevity”

This BIP: “YOLO” https://t.co/52nc0BlcPR

— Matt Corallo 🟠 (@TheBlueMatt) October 27, 2025

Todd also claimed to have demonstrated the futility of the approach. “Done with a decade old script that doesn’t even use segwit, let alone taproot… 100% standard and fully compatible with [Luke Dashjr’s] BIP-444,” he wrote alongside a transaction said to contain the entire text of the proposed BIP.

Done with a decade old script that doesn’t even use segwit, let alone taproot.

100% standard and fully compatible with @LukeDashjr‘s BIP-444. https://t.co/Ab7t82KYrk

— Peter Todd (@peterktodd) October 26, 2025

The episode underscores a technical reality the draft itself acknowledges: there will “always be ways to hide data,” which is precisely why the author frames the goal as raising costs, eliminating overt lanes, and—crucially—signaling that large unencrypted files are not a supported use case, thereby “minimizing legal liability for users who run nodes.”

If adopted, the proposal would have immediate implications for protocols that piggyback on witness/script space for non-monetary payloads—Ordinals-style inscriptions foremost among them—at least for the lifetime of the temporary fork. Critics counter that treating such activity as “abuse” is a normative move masquerading as neutrality, and that activating even a temporary fork which can strand funds or encourage censoring reorgs destroys a hard-won norm: forks must never set a precedent where funds can be effectively seized or transactions retroactively delegitimized.

At press time, BTC traded at $115,743.

Bitcoin tries to reclaim the channel, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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Ethereum price is gaining strong momentum today, driven by a mix of whale activity, institutional accumulation, and bullish technical indicators. Over the past few days, several on-chain signals and expert insights have pointed toward a potential Ethereum breakout as the network’s fundamentals strengthen.

Ethereum Whales Accumulation Surge One major catalyst for Ethereum’s price surge today is large-scale whale accumulation.
In the past 6 hours, a crypto whale sold 45.5 million TRX worth $13.6 million to buy 3,332.6 ETH at $4,084.

Over the past three months, the same whale has reportedly sold 629.27 million TRX (worth $217.3 million) to purchase 48,390 ETH at an average price of $4,490.

The transactions were made using addresses 0xc37704a457b1ee87eb657cae584a34961e86acac and TWtyvNirqUENVo7zyihU8Zzd4fhxxvRPLw, with the TRX tokens withdrawn directly from Binance.

This shows whales are shifting capital from TRON to Ethereum, a clear sign of growing confidence in ETH’s long-term potential.

Not all whale activity is bullish, though. Crypto influencer Richard Heart recently deposited over $105.9 million in ETH to Tornado Cash, a privacy mixer. While he still holds over $500 million worth of ETH, such large transfers sometimes create short-term selling pressure or market speculation.

However, the broader sentiment remains positive, as most on-chain data shows accumulation outweighing distribution.

SharpLink Gaming Buys $80 Million Worth of ETHInstitutional accumulation is another major driver behind Ethereum’s rising price. According to recent data, SharpLink Gaming purchased 19,271 ETH worth $80.37 million, bringing its total holdings to 859,295 ETH valued at $3.58 billion.

Such large institutional purchases add upward pressure to Ethereum’s price and signal growing trust from big investors who see Ethereum as the backbone of Web3, tokenization, and decentralized finance (DeFi).

ETH Price Analysis From a technical perspective, Ethereum’s chart shows a bull flag pattern, which often precedes strong price rallies. Currently, ETH is consolidating near the $3,825 support level within a triangle formation, with key upside targets at:

$4,500 – First breakout target
$4,955 – Challenge previous highs
$5,766 – 50% ETH/BTC ratio
$6,658 – 0.618 Fibonacci level
$9,547 – 100% ETH/BTC ratio retraceIf Ethereum breaks out above the $4,100–$4,200 zone, traders could see a rapid move toward $4,500 and beyond.

Ethereum Entering a “Supercycle”Fundstrat’s Tom Lee recently told CNBC that Ethereum activity across both L1 and L2 networks is growing fast, but the price hasn’t yet reflected that growth. He believes Ethereum could make a big move by year-end, with increasing adoption and on-chain utility driving momentum.

He even suggested that Ethereum might be in a supercycle similar to Wall Street’s explosive growth phase in 1971. According to Lee, if Ethereum regains its ETH/BTC ratio from 2021 highs, it could reach around $21,000 in the long term.

He added that companies like Larry Fink’s BlackRock and Robinhood are working to tokenize real-world assets, and nearly 70% of that tokenization is happening on Ethereum, solidifying its leadership position.

Ethereum Price Prediction for December 2025If Ethereum continues mirroring Bitcoin’s post-halving performance ETH could reach between $7,000 and $8,000 by December. With whales accumulating, institutions buying, and strong technicals backing the rally, Ethereum appears to be entering a powerful uptrend.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat is the ETH price prediction for 2025?

As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $9,428.11.

What will Ethereum be in 5 years?

According to our Ethereum Price Prediction 2030, the ETH coin price could reach a maximum of $71,594.69 by 2030.

How much would the price of Ethereum be in 2040?

As per our Ethereum price prediction 2040, Ethereum could reach a maximum price of $4,128,680.

How much will the ETH coin price be in 2050?

By 2050, a single Ethereum price could go as high as $238,189,500.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Journalist

Posted: October 27, 2025

Key Takeaways
How has Pudgy Penguins’ official coin performed recently?
Since August, it has shown bearish tendencies, with the second half of September seeing PENGU retrace by 33% in a week. 

What should traders and investors expect next for PENGU?
A move past $0.027 would be an early sign of a shift towards bullish strength.

The Pudgy Penguins [PENGU] token has rallied by 9% in 24 hours. This shift in short-term bullish sentiment came as Bitcoin [BTC] posted a 3.3% move higher to $115k while Ethereum [ETH] climbed by 7% in the same period.

The Pudgy Penguins NFT sales saw a dramatic pick-up in volume over the past month. The sales volume was particularly heavy just after the liquidation event on 10 October. The floor price fell from 10 ETH to 7.21 ETH as well.

The PENGU token has also shown bearish dominance since mid-August, after ceding the $0.032-support level. However, with its rally in June to $0.046 in mind, its swing structure has remained bullish.

Negative sentiment and steady selling hamper PENGU bulls
The weighted sentiment has been negative since late July. It hinted at bearish social media engagement, and any positive mentions had too little volume and not enough consistency to shift the trend.

The Open Interest has also been sinking for the most part since early August. Together, the two metrics highlighted bearish sentiment in social media posts related to PENGU and a lack of confidence in the derivatives market.

The selling was especially strong over the past month. The $0.03-support had been key in August and September, but was breached in October and the area retested as a supply zone. In October, the Coin Days Destroyed metric saw several sizeable peaks.

These peaks accompanied PENGU setting new lows and underlined persistent on-chain selling.

Source: PENGU/USDT on TradingView

Finally, the Fibonacci retracement levels captured the bullish swing structure of PENGU. However, the series of lower highs and lower lows since August highlighted the bearish trend of PENGU in recent weeks.

The CMF has not shown heavy, consistent selling pressure despite the downtrend. This may be a small spark of hope for bulls hoping for a turnaround in PENGU’s price fortunes.

The $0.027 is a key resistance to overcome, to flip the internal structure bullishly.

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.

1 hour ago

The Crypto Fear & Greed Index has flipped to neutral, leaving “fear” behind for the first time since the mid-October market crash sparked by Trump’s China tariffs.

886

The Crypto Fear & Greed Index finally clawed its way out of the “fear” zone on Sunday, resolving to neutral for the first time in more than two weeks as the price of Bitcoin surged back to around $115,000 over the weekend.

The Crypto Fear & Greed Index, which measures overall market sentiment, is currently sitting in the “neutral” zone with a score of 51 out of 100.  

It’s up 11 points from the fearful score of 40 on Saturday, and also up over 20 points since last week, marking a sharp change in tune over the past few days.       

The current Crypto Fear and Greed score. Source: Alternative.me  Trump’s China tariff announcement on Oct. 10 had plunged the index from a “greed” score of 71 to a yearly low of 24 as $19 billion of crypto leveraged positions were liquidated. 

“Aggressive” BTC selling is waningThe shift in sentiment comes amid a recent decline in Bitcoin (BTC) selling pressure, according to Bitcoin analytics platform Glassnode.

In an X post on Sunday, Glassnode suggested a trend reversal is in the works, as selling pressure and negative sentiment appear to have already peaked to their extremes.   

“For the first time since the October 10th flush, spot and futures CVD [Cumulative Volume Delta] have flattened, indicating that aggressive selling pressure has subsided over the last several days,” the post reads, adding:

“Funding rates remain below the neutral level of 0.01%, indicating no excessive long positioning or froth. In fact, we can see that funding flipped very negative several times over the last 2 weeks showing that participants lean towards caution.”Glassnode’s Bitcoin data breakdown. Source: Glassnode
Looking ahead at other potentially bullish indicators, the market is seemingly anticipating another interest rate cut by the US Federal Reserve at its Oct. 29 meeting.

At the time of writing, data from CME Group’s FedWatch tips a 96.7% chance that the Fed will cut rates by a quarter of a percentage point this week. 

Magazine: Bitcoin flashing ‘rare’ top signal, Hayes tips $1M BTC: Hodler’s Digest, Oct. 19 – 25

The crypto market today is witnessing explosive momentum as Bitcoin surges past the $115,000 mark, reigniting bullish sentiment across the board. Major altcoins like VIRTUAL, ZEC & DASH are skyrocketing, reflecting renewed investor confidence and growing market liquidity ahead of a high-volatility week. With traders eyeing key macro events and technical breakouts, the digital asset space is buzzing with optimism. The big question now—can this rally be sustained, or is the market gearing up for another round of sharp corrections?

Virtual Protocol (VIRTUAL) Price Breaks Bearish PatternOver the past few months, the Virtual Protocol price has been stuck within a descending parallel channel. The token attempted a breakout that resulted in forming yet another lower high, indicating the rising strength of the bears. However, it has broken above the structure following a strong influx of buying volume that suggests the VIRTUAL price is poised for a strong upswing. 

The price broke above the channel with a huge rise in the buying pressure; however, the technicals point towards a consolidation ahead of the next breakout. The RSI entered the overbought range and appears to be flattening. On the other hand, On-Balance Volume spiked and continues to maintain a steady rise. Flattening RSI & rising OBV is usually a bullish signal, hinting towards accumulation during consolidation. It implies that smart money is quietly buying regardless of price movement and creating bullish pressure beneath the surface. 

Therefore, traders can expect a cooling phase before breaking the resistance zone between $1.86 and $1.94 that may pave the way beyond $2 to reach $2.1. 

Zcash (ZEC) Price Eyes 35% Rise to Hit $500Zcash price is witnessing one of the bulliest months, not seen in the past few years. The buying volume rose back to the 2021 bull run days, which helped the price mark a steep rise after following a prolonged ascending consolidation. Currently, the ZEC price has surpassed one of the important resistances, which was the market top during the 2021 bull run. If the price sustains within the range, a continued upswing may help the price break higher targets. 

As seen in the above chart, the ZEC price has broken the resistance zone between $293 and $316 and closed the weekly trade above this range. This suggests the bulls have held a tight grip over the rally, and the momentum may not fade as OBV remains escalated. Interestingly, the 50/200 weekly MA underwent a bullish crossover that could help the token sustain the upward trend and push towards the higher targets at 1.2 FIB at $471 and 1.4 FIB at $522. 

Regardless of the 20% Jump Dash (DASH) Price Awaits a BreakoutEver since the rally rose above the impact of the 2022 bear market, the DASH price has been stuck within a massive descending parallel channel. Every attempt of the token to break the resistance has resulted in a strong rejection, while the current scenario raises some hopes. The price has been defending the pivotal support just above $40 for a few weeks and hence flashes a huge possibility of a breakout above $60 in the coming days. 

The DASH price remains within the descending parallel channel but has secured the pivotal support at the 200-day MA. With the volume spiking to the highest levels not seen in recent times, a breakout from the range could be imminent. On the other hand, the RSI has yet again entered the overbought range. Previously, this move followed a steep rejection, but the current rebound suggests there could be more room for the price to rise. Therefore, once the RSI reenters back into the overbought range, the price could break the channel and rise above the resistance zone between $61 and $63. 

Once these levels are secured, the Dash price may enter a strong bullish trend and probably reach $100 in 2025.

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Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $200 and might aim for more gains above the $208 zone.

SOL price started a fresh upward move above the $188 and $195 levels against the US Dollar.
The price is now trading above $200 and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could extend gains if it clears the $208 resistance zone.

Solana Price Jumps Again Above $200
Solana price started a decent increase after it settled above the $180 zone, like Bitcoin and Ethereum. SOL climbed above the $188 level to enter a short-term positive zone.

The price even smashed the $198 resistance. The bulls were able to push the price above $200. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $177 swing low to the $204 high.

Solana is now trading above $200 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $198 on the hourly chart of the SOL/USD pair.

Source: SOLUSD on TradingView.com
On the upside, the price is facing resistance near the $205. The next major resistance is near the $208 level. The main resistance could be $212. A successful close above the $212 resistance zone could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $232 level.

Another Pullback In SOL?
If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $198 zone and the trend line. The first major support is near the $192 level and the 50% Fib retracement level of the recent upward move from the $177 swing low to the $204 high.

A break below the $192 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $180 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $198 and $184.

Major Resistance Levels – $205 and $208.

Journalist

Posted: October 27, 2025

Key Takeaways
Who’s driving Ethereum’s momentum?
Addresses holding 10K–100K ETH expanded holdings to 31 million, matching whale patterns seen before past bull runs.

What confirms growing confidence?
36.15M ETH staked and a positive Fund Market Premium near $3.9K signaled firm institutional sentiment.

Ethereum [ETH] recovered strongly after the recent market turmoil that drained capital from the crypto market. The altcoin, once down to $3,988, surged 7% in 24 hours to trade near $4,200.

An AMBCrypto analysis suggests that demand continues to build, with ETH’s latest rally reinforcing its path toward a potential new all-time high. Here’s how.

Accumulators take charge again
Data from Alphractal showed that addresses holding 10K–100K ETH have expanded their holdings since April, now near a record 31 million ETH.

Historically, similar accumulation phases preceded major bull runs in 2017 and 2021, when ETH hit $1,419 and $4,867, respectively.

Source: Alphractal

This latest uptick highlights the same cohort’s growing influence as ETH extends its rally beyond the $4,000 mark.

On top of that, other market segments appear to be mirroring this bullish accumulation trend.

Staking strengthens ETH’s floor
The odds in favor of a strong ETH rally remain high. One key indicator supporting this outlook is the Total Value of Staked Ethereum.

Interestingly, the data showed that the total amount of Ethereum staked in the market reached 36.15 million in the past day, nearly matching the amount purchased by the accumulation group.

Staked ETH is crucial because it represents tokens removed from active circulation; a continued rise in staking generally signals increasing confidence and reduced sell pressure, both of which strengthen the asset’s position in the market.

Source: CryptoQuant

Similarly, Ethereum Exchange Reserves remained flat over the past day. Data from CryptoQuant showed that only about 15.9 million ETH remain in exchange reserves, suggesting limited selling pressure and stronger holding sentiment.

With a 7% rally in the past 24 hours and ETH trading around $4,200, renewed institutional inflows could trigger the next upward leg.

Institutional sentiment remains firm
CryptoQuant’s Fund Market Premium stayed in positive territory despite brief corrections, signaling persistent institutional interest.

Historically, when this premium held above 0, ETH prices trended upward within subsequent weeks.

Source: CryptoQuant

That same setup pointed to renewed institutional conviction even as short-term volatility remains elevated.

Cumulatively, Ethereum’s whales, stakers, and funds remain aligned for a medium-term bullish continuation, with momentum strengthening above $4,200 as long as macro tailwinds persist.

In brief
India's Madras High Court ruled Friday that crypto constitutes property protected under constitutional law, blocking WazirX from reallocating user assets under its Singapore restructuring plan.
Justice N. Anand Venkatesh granted an injunction protecting 3,532 XRP tokens, rejecting the exchange's "socialization of losses" scheme following the July 2024 hack that drained $234 million.
The ruling "strengthens consumer protection for crypto-holders and paves the way for clearer regulatory frameworks," though India still lacks comprehensive oversight, experts told Decrypt.
XRP holders scored a victory in India after a court ruled that cryptocurrencies qualify as property under law, marking one of the country’s clearest legal acknowledgments of digital asset ownership.

The Madras High Court on Friday barred WazirX, India’s largest crypto exchange, from redistributing a customer’s 3,532 XRP holdings to offset losses from a $234 million hack that hit the platform in July last year.

Justice N. Anand Venkatesh said the user’s XRP tokens, purchased in January and unaffected by the incident, could not be diluted under the exchange’s “socialization of losses” plan.

“It is not a tangible property nor is it a currency,” Justice Venkatesh wrote. “However, it is a property, which is capable of being enjoyed and possessed in a beneficial form.”

The decision grants legal standing to crypto assets as property capable of ownership and protection under Indian law. It also establishes that assets held in custody by exchanges must be treated as client property held in trust.

"This clarity is very helpful: it strengthens consumer protection for crypto-holders, affirms their rights as asset owners, and paves the way for clearer regulatory and fiduciary frameworks in the crypto ecosystem in India," Sudhakar Lakshmanaraja, founder of Digital South Trust, told Decrypt.

Justice Venkatesh noted the applicant had “used the WazirX platform through her mobile phone from her ordinary place of residence and was prevented from trading or liquidating her holdings,” establishing that crypto assets accessed within India fall under Indian court protection.

“Together, these judgments stand among the first major Indian court decisions on cryptocurrency issues: they are foundational 'crypto-jurisprudence,’” Vikram Subburaj, CEO of Indian crypto exchange Giottus, told Decrypt.

“For all participants (exchanges, users, regulators), these are signals that the high-tech arena will be held to high standards of governance and protection,” Subburaj added.

Not your XRPThe court rejected WazirX's "socialization of losses" plan—a proposal to spread the $234 million proportionally across all users—that the judge compared to "a group insurance of a self-help group." 

“The basis of such a proposition is not any term in the contractual framework between the parties," making it unenforceable against Indian users, Justice Venkatesh ruled.

The judge also rejected WazirX's argument that its Singapore court-approved restructuring automatically binds Indian users. 

The ruling adds to a growing body of Indian crypto jurisprudence that defines user protections amid the government’s slow regulatory progress. The case follows a Bombay High Court decision rejecting similar loss-sharing measures by Bitcipher Labs.

It also arrived on the same day that WazirX restarted operations, with 95.7% creditor approval. 

Users have so far reported receiving only 30% of expected funds amid locked accounts and customer verification delays.

Crypto policy remains lopsided—strict on revenue collection with a 30% levy and 1% TDS, but silent on investor rights or asset ownership rules.

"Ultimately, courts have become the central stage where the future of digital value is debated," the judge wrote. "Through each ruling, they are shaping a clearer picture of rights, responsibilities, and trust in the age of decentralization." 

WazirX did not immediately return Decrypt's request for comment.

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Mon, 27/10/2025 - 6:13

Short-run marginal emissions might overstate how dirty Bitcoin mining actually is, according to a new study

Cover image via U.Today

Bitcoin advocate Daniel Batten has once again taken aim at The New York Times for peddling “junk science” in order to prop up its anti-Bitcoin narrative.

"Well, the bitcoin maxis were right (again)," Batten said in a recent social media post.

Flawed methodology Batten is referring to The New York Times article that was criticizing Bitcoin mining for its excessive energy consumption. 

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However, as the Bitcoin advocate points out, the methodology that the controversial article relied on is inherently flawed, given that it relied on marginal emission calculations.

Remember that NYTimes hitpiece on Bitcoin mining and how we said it was junk science but no one believed us? Well, the bitcoin maxis were right (again)

The way NYTimes incorrectly applied Marginal Emissions to advance their case has now been debunked in peer reviewed study pic.twitter.com/5vR2NlTwGU

— Daniel Batten (@DSBatten) October 27, 2025 Marginal emissions represent extra emissions that are created by consuming an additional unit of electricity.

A recent peer-reviewed study in Nature Climate Change shows that such an approach can actually overestimate the impact of emissions since electricity systems are dynamic. 

The study, which uses rooftop solar as an example, shows that emission savings tend to be smaller due to daytime rooftop solar replacing other clean energy sources before fossil fuels. 

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Batten applies the same logic to Bitcoin. The CO₂ impact of mining Bitcoin is likely to be much smaller, and not every extra MWh consumed by miners is fossil-fuel-heavy. 

The outdated methodology does not take into account curtailed renewable generation as well as clean energy investment.

According to the most recent Cambridge study, the share of sustainable energy sources (nuclear, wind, and hydropower) for Bitcoin has grown to 52.4%. 

Related articles

Bitcoin (BTC) has surged past the 50-day simple moving average (SMA), signaling renewed short-term bullish momentum. The cryptocurrency is currently trading at $115,465.30, reflecting increased investor optimism driven by expectations of a possible Federal Reserve rate cut and easing tensions in the U.S.-China trade dispute.

Technical indicators reinforce this positive sentiment. The daily MACD histogram shows a fresh bullish crossover, while a 5- and 10-day SMA crossover suggests growing upward pressure. These signals typically indicate that traders are regaining confidence in Bitcoin’s near-term outlook.

Despite the encouraging momentum, analysts urge caution. The CoinDesk Bitcoin Trend Indicator (BTI) continues to register a downtrend, hinting that bearish sentiment may still linger beneath the surface. Additionally, Bitcoin remains below the Ichimoku cloud on the daily chart — a significant resistance zone that must be broken to confirm a sustained bullish reversal.

A decisive breakout above the Ichimoku cloud could open the path toward $120,000 and higher, marking a major shift in market structure. Until then, traders are watching closely for confirmation signals that validate this emerging trend.

Market watchers attribute Bitcoin’s recent upswing to growing expectations that the Federal Reserve may cut interest rates in its upcoming policy meeting this Wednesday. Lower rates often stimulate risk appetite, driving capital flows into alternative assets like Bitcoin. Moreover, signs of progress in the U.S.-China trade negotiations are improving global market sentiment, providing additional support to crypto assets.

While the technical outlook leans bullish, traders are reminded to monitor key resistance levels and remain vigilant for potential pullbacks as Bitcoin navigates a crucial phase in its market cycle.

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Buyers dominate the cryptocurrency market today as digital currencies extend weekend gains. The Fear and Greed Index has turned neutral after hitting extreme levels early last week. Amidst the optimism, Mantra Chain announced a strategic integration with interoperability network Hyperlane.

ZEC's price has surged by 380% this month.Updated Oct 27, 2025, 6:24 a.m. Published Oct 27, 2025, 6:23 a.m.

Privacy-focused cryptocurrency ZEC$354.99 has recently surged in price, prompting multiple blockchains to integrate the token into their ecosystems.

On Oct. 16, Solana, the world's second-largest smart contract platform, launched wrapped ZEC via the Zolana bridge. However, these wrapped tokens function as standard Solana Program Library (SPL) tokens and do not offer the privacy protections inherent to native Zcash. They are backed 1:1 by native ZEC but do not conceal balances or transaction data.

Encifher addresses this limitation by re-wrapping tokens into encrypted assets like eZEC, enabling private, encrypted swaps on Solana through cutting-edge fully homomorphic encryption (FHE). This technology ensures that sensitive transaction information remains concealed, restoring ZEC’s native privacy on the fast Solana network.

"To truly make ZEC private on Solana, it should be re-wrapped into encrypted assets like eZEC, where balances and transfers are hidden, yet composable with Solana DeFi. That’s how ZEC’s original vision, privacy at the asset level, can actually live on Solana," Encifher's social media handle Encrypto.trade said in a post on X.

Encifher uses powerful encryption to conceal user balances and transfer details on-chain. Transactions are secured and validated through zero-knowledge proofs, while sensitive data remains accessible only to authorized parties using threshold decryption protocols.

This approach encrypts client balances with threshold ElGamal encryption and stores the encrypted data off-chain in a secure data availability layer, while the Solana blockchain handles cryptographic pointers to these balances without exposing the actual values.

Think of EIGama encryption as a treasure chest that opens only when a certain number of trusted friends come together with their own special keys. This means that no single friend can access the chest alone, ensuring added security.

The setup allows users to hold and transfer encrypted ZEC tokens confidentially, effectively transforming Solana’s public blockchain into a privacy-preserving environment that remains fully compatible with decentralized finance applications. The system prevents transaction linkability and address reuse by employing ephemeral accounts that exist for only one transaction lifecycle, making analysis by third parties effectively impossible.

So, with Encifher, Solana users gain a means to reclaim ZEC’s original promise of asset-level privacy on a blockchain known for speed and low cost, bridging the best of both worlds.

Encifher's privacy-preserving features have been implemented on top of Jupiter, Solana's leading decentralized exchange, enabling users to trade encrypted tokens while preserving their privacy.

ZEC's price has surged 380% to $375 this month, CoinDesk data show. Per some observers, the sharp rally has been catalyzed by the impending ZEC halving, the debut of Grayscale ZEC Trust and Hyperliquid listing.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Japan's New Yen Stablecoin is Asia’s Only Truly Global Fiat-Pegged Token

With the yen freely convertible and backed by Japan’s deep government bond market, JPYC’s launch stands apart from the region’s onshore-only experiments in Korea, Taiwan, and beyond.

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Japan has launched the world's first yen-pegged stablecoin, backed by domestic deposits and Japanese government bonds.The yen's convertibility and global use distinguish it from other Asian currencies like the Korean won and Taiwan dollar, which face restrictions.The yen stablecoin could facilitate a USD/JPY market on decentralized platforms, potentially forming the backbone of Asian crypto settlements.Read full story

Rumble, one of the fastest-growing video-streaming platforms, is taking a major step toward merging digital finance with online content creation. In collaboration with Tether, the company behind USDT and XAUT, Rumble plans to roll out a crypto tipping feature that will allow users to reward their favorite creators using Bitcoin (BTC), Tether (USDT), and Tether Gold (XAUT).

In brief
Zcash has drawn renewed speculative attention ahead of its November halving, with traders positioning around the privacy coin narrative.
Endorsements from prominent investors and revived privacy debates have fueled market activity despite limited on-chain growth, Decrypt was told.
The rally’s sustainability hinges on post-halving sentiment and whether user adoption can extend beyond short-term speculation, one expert said.
Zcash has blasted past its 2021 peak after a 30-day triple-digit rally, driven by the convergence of speculative hype and a renewed focus on privacy.

Zcash has climbed from a low of $54 to around $372 in a month, positioning it as one of the market's top performers. 

That's 11.5% higher than the May 8, 2021, high of $319. The asset is still down 88% from its all-time high of $3,191.93 set nearly nine years ago, according to CoinGecko data.

The market’s underlying volatility and bullish sentiment were reflected in predictions market Myriad, owned by Decrypt’s parent company DASTAN, where the chance of Zcash hitting $369 was resolved after the token hit a high of $374.4 on Sunday.

Zcash’s rise can be attributed to a “perfect storm of catalysts,” including the upcoming November halving, renewed interest in privacy coins amid rising surveillance concerns, and a viral $10,000 price call from Arthur Hayes, Shivam Thakral, CEO of BuyUCoin, told Decrypt.

The halving is expected to slash the miner's block reward by half, from 3.125 to 1.5625 ZEC, on November 18. 

Drivers that initially triggered a volatile breakout in the first week of October included endorsements from prominent investors like Naval Ravikanth and ex-Coinbase engineer and Helius CEO Mert Mumtaz.

Grayscale’s decision to allow eligible investors to gain exposure to the ZEC token has helped push the token’s uptrend in the second half of this month, Decrypt previously reported.

Renewed interest in privacy tokens has also lifted the broader sector, with Monero and Dash gaining 9.1% and 12.5%, respectively, over the past week as traders rotate into older, anonymity-focused assets.

"Privacy is back in focus," as global regulations tighten and digital surveillance debates heat up, Thakral added. "Zcash, despite being an older coin, offers a clear, simple privacy narrative, and with its halving near, traders found an easy, liquid way to express that theme."

Still, Thakral cautioned that the rally appears to be driven more by speculation than fundamental growth, citing a limited increase in “shielded transactions.”

The next leg hinges on how miners and investors react post-halving and on whether the privacy narrative can sustain real user growth beyond pure speculation and trigger a sell-the-news reversal, Thakral said.

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Ethereum co-founder Vitalik Buterin and Solana co-founder Anatoly Yakovenko have ignited debate within the crypto community over the true security of Ethereum’s layer-2 (L2) networks. The discussion highlights key differences in how each blockchain approaches scalability and trust.

Buterin reaffirmed that Ethereum’s L2 solutions—such as Arbitrum, Base, Optimism, and Worldchain—derive their security directly from Ethereum’s base layer. He stressed that even a 51% attack cannot validate fraudulent blocks or compromise user assets. According to him, L2s inherit Ethereum’s consensus and finality, ensuring strong protection against network manipulation. However, he warned that if validators are trusted with actions beyond the blockchain’s control, this assurance weakens, allowing potential collusion or errors to undermine system integrity.

Yakovenko, however, rejected the idea that Ethereum’s L2s inherit full Ethereum-level security. In a post on X, he argued, “The claim that L2s inherit ETH security is erroneous.” He contended that five years into Ethereum’s L2 roadmap, these solutions still share similar risks with wrapped assets on Solana bridges. Yakovenko pointed to fundamental issues such as complex codebases that increase attack surfaces, multisig custody risks where collusion could compromise funds, and off-chain processing that introduces centralization.

He further proposed building a specialized Ethereum–Solana bridge, positioning Ethereum as a layer-2 to Solana—an idea aimed at merging scalability with enhanced cross-chain security.

According to L2Beat, Ethereum now hosts over 129 verified L2 networks holding more than $35 billion in total value locked. Yet, as the ecosystem expands, critics question whether the surge of L2s fosters innovation or adds inefficiencies. Despite Ethereum’s one million validators compared to Solana’s 2,000, the debate underscores a crucial industry challenge: balancing scalability, decentralization, and security in the evolving blockchain landscape.

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, /PRNewswire/ -- BioArctic AB's (publ) (Nasdaq Stockholm: BIOA B) partner Eisai announced today that Health Canada has issued a Notice of Compliance with Conditions (NOC/c) for Leqembi® (lecanemab) for the treatment of adult patients with a clinical diagnosis of mild cognitive impairment or mild dementia due to Alzheimer's disease (early AD) who are apolipoprotein E ε4 (ApoE ε41) non-carriers or heterozygotes and who have confirmed amyloid pathology. LEQEMBI is the first treatment for early AD that targets an underlying cause of the disease, to be authorized in Canada.

Leqembi selectively binds to soluble Aβ aggregates (protofibrilsi), as well as insoluble Aβ aggregates (fibrils) which are a major component of Aβ plaques, thereby reducing both Aβ protofibrils and Aβ plaques in the brain. Leqembi is the first approved treatment shown to reduce the rate of disease progression and to slow cognitive and functional decline in adults with Alzheimer's disease. Leqembi is approved in 51 countries and regions including Japan, the United States, Europe, China, South Korea, Taiwan, and Saudi Arabia, and applications have been filed in 9 countries.

The approval of Leqembi is based on the large global Phase 3 Clarity AD study. In the Clarity AD study, Leqembi met its primary endpoint and all key secondary endpoints with statistically significant results.2,3 Leqembi has been issued market authorization in Canada with conditions, pending the results of trials to verify its clinical benefit. Eisai plans to submit clinical assessment data captured from participants in real-world clinical practice.

Alzheimer's Disease is the most common form of dementia, accounting for 60 to 80% of all cases.4 As of January 1, 2025, it is estimated there are more than 771,000 patients with dementia in Canada, which is expected to increase to approximately 1 million in 2030 and over 1.7 million in 2050.5 In addition, annual care provided by family and friends for those with dementia is equivalent to 290,000 full-time jobs, which is expected to increase to 690,000 full-time jobs in 2050.5 

Leqembi is the result of a long-standing collaboration between BioArctic and Eisai, and the antibody was originally developed by BioArctic based on the work of Professor Lars Lannfelt and his discovery of the Arctic mutation in Alzheimer's disease. Eisai is responsible for the clinical development, applications for market approval and commercialization of Leqembi for Alzheimer's disease. BioArctic has the right to commercialize Leqembi in the Nordic region together with Eisai and the two companies are preparing for a joint commercialization in the region.

The information was released for public disclosure, through the agency of the contact person below, on October 27, 2025, at 00:35 a.m. CET

For further information, please contact: 
Oskar Bosson, Vice President Communications and Investor Relations
Telephone: +46 70 410 71 80
E-mail: [email protected]

About lecanemab (Leqembi ® )
Lecanemab is the result of a strategic research alliance between BioArctic and Eisai. It is a humanized immunoglobulin gamma 1 (IgG1) monoclonal antibody directed against aggregated soluble (protofibril) and insoluble forms of amyloid-beta (Aβ).

Lecanemab is approved in the U.S., Japan, EU, China, Great Britain, and several other markets for the treatment of mild cognitive impairment (MCI) due to Alzheimer's disease (AD) and mild AD dementia. Lecanemab's approvals in these countries, as well as the EC's market authorization, were primarily based on Phase 3 data from Eisai's global Clarity AD clinical trial, a Phase 3 global, placebo-controlled, double-blind, parallel-group, randomized study in 1,795 patients with early AD (MCI or mild dementia due to AD, with confirmed presence of amyloid pathology), in which it met its primary endpoint and all key secondary endpoints with statistically significant results. The treatment group was administered lecanemab 10 mg/kg bi-weekly, with participants allocated in a 1:1 ratio to receive either placebo or lecanemab for 18 months.6

Lecanemab is approved in 51 countries including the U.S., Japan, China, and the European Union for the treatment of Alzheimer's disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD) and is under regulatory review in 9 countries. Following the initial phase with treatment every two weeks for 18 months, intravenous (IV) maintenance dosing with treatment every four weeks is approved in China, the U.S. and others, and applications have been filed in 9 countries and regions. Leqembi Iqlik™ is approved for subcutaneous injection for maintenance dosing for the treatment of early Alzheimer's disease in the US. In September 2025, a rolling sBLA application for the subcutaneous initiation dosing with Leqembi Iqlik was also initiated to the U.S. FDA.

Since July 2020, Eisai's Phase 3 clinical study (AHEAD 3-45) with lecanemab in individuals with preclinical AD, meaning they are clinically normal and have intermediate or elevated levels of amyloid in their brains, is ongoing. The study was fully recruited in October 2024. AHEAD 3-45 is a four-year study conducted as a public-private partnership between Eisai, Biogen and the Alzheimer's Clinical Trial Consortium that provides the infrastructure for academic clinical trials in AD and related dementias in the U.S, funded by the National Institute on Aging, part of the National Institutes of Health. Since January 2022, the Tau NexGen clinical study for Dominantly Inherited AD (DIAD), that is conducted by Dominantly Inherited Alzheimer Network Trials Unit (DIAN-TU), led by Washington University School of Medicine in St. Louis, is ongoing and includes lecanemab as the backbone anti-amyloid therapy.

About the collaboration between BioArctic and Eisai
Since 2005, BioArctic has a long-term collaboration with Eisai regarding the development and commercialization of drugs for the treatment of Alzheimer's disease. The most important agreements are the Development and Commercialization Agreement for the lecanemab antibody, which was signed 2007, and the Development and Commercialization agreement for the antibody Leqembi back-up for Alzheimer's disease, which was signed 2015. In 2014, Eisai and Biogen entered into a joint development and commercialization agreement for lecanemab. Eisai is responsible for the clinical development, application for market approval and commercialization of the products for Alzheimer's disease. BioArctic has the right to commercialize lecanemab in the Nordic region and is currently preparing for commercialization in the Nordics together with Eisai. BioArctic has no development costs for lecanemab in Alzheimer's disease and is entitled to payments in connection with regulatory approvals, and sales milestones as well as royalties on global sales.

About BioArctic AB
BioArctic AB (publ) is a Swedish research-based biopharma company focusing on innovative treatments that can delay or stop the progression of neurodegenerative diseases. The company invented Leqembi® (lecanemab) – the world's first drug proven to slow the progression of the disease and reduce cognitive impairment in early Alzheimer's disease. Leqembi has been developed together with BioArctic's partner Eisai, who are responsible for regulatory interactions and commercialization globally. In addition to Leqembi, BioArctic has a broad research portfolio with antibodies against Parkinson's disease and ALS as well as additional projects against Alzheimer's disease. Several of the projects utilize the company's proprietary BrainTransporter™ technology, which has the potential to actively transport antibodies across the blood-brain barrier to enhance the efficacy of the treatment. BioArctic's B share (BIOA B) is listed on Nasdaq Stockholm Large Cap. For further information, please visit www.bioarctic.com.

1 Apolipoprotein E is a protein involved in the metabolism of lipid in humans. It is implicated in AD. People with only one (heterozygous) or no copy (non-carriers) of the ApoE ε4 gene are less likely to experience ARIA than people with two ApoE ε4 copies (homozygous). ARIA is a recognized important side effect with lecanemab that involves swelling and potential bleeding in the brain.

2 Eisai presents full results of lecanemab Phase 3 confirmatory Clarity AD study for early Alzheimer's disease at Clinical Trials on Alzheimer's Disease (CTAD) conference. Available at: https://www.eisai.co.jp/news/2022/news202285.html 

3 van Dyck, H., et al. Lecanemab in Early Alzheimer's Disease. New England Journal of Medicine. 2023;388:9-21. https://www.nejm.org/doi/full/10.1056/NEJMoa2212948.

4 Alzheimer Society of Canada "What is Alzheimer's disease?". Available at: https://alzheimer.ca/en/about-dementia/what-alzheimers-disease Last accessed: June 2025.

5 Alzheimer Society of Canada "Dementia numbers in Canada". Available at: https://alzheimer.ca/en/about-dementia/what-dementia/dementia-numbers-canada Last accessed: June 2025.

6 van Dyck, C.H., et al. Lecanemab in Early Alzheimer's Disease. New England Journal of Medicine. 2023;388:9-21. https://www.nejm.org/doi/full/10.1056/NEJMoa2212948

i Protofibrils are believed to contribute to the brain injury that occurs with AD and are considered to be the most toxic form of Aβ, having a primary role in the cognitive decline associated with this progressive, debilitating condition. Protofibrils cause injury to neurons in the brain, which in turn, can negatively impact cognitive function via multiple mechanisms, not only increasing the development of insoluble Aβ plaques but also increasing direct damage to brain cell membranes and the connections that transmit signals between nerve cells or nerve cells and other cells. It is believed the reduction of protofibrils may prevent the progression of AD by reducing damage to neurons in the brain and cognitive dysfunction.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bioarctic/r/health-canada-grants-authorization-for-leqembi---lecanemab-,c4256844

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SummarySyndax Pharmaceuticals received expanded FDA approval for Revuforj, tripling its addressable AML patient population despite a boxed safety warning.Revumenib remains the only FDA-approved menin inhibitor for both KMT2A-rearranged and NPM1-mutated AML, offering a defensible niche and first-mover advantage.SNDX trades at a premium valuation, reflecting high expectations for commercial ramp; strong cash reserves support future trials and launches.Key risks include boxed warnings for differentiation syndrome and QTc prolongation, with commercial execution and physician adoption critical for future growth.wildpixel/iStock via Getty Images

Thesis Yesterday, Syndax Pharmaceuticals (NASDAQ:SNDX) again got the nod from the FDA for its leukaemia treatment Revuforj. Now, this is actually an extended approval, so the drug is now eligible for a wider array of patients. I will clarify

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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