Market Signal Briefing

Jupiter reported $46M in revenues for Q3, boosted by increased perp DEX activity and general token trading on Solana.

In a move that could affect Russia’s crypto ambitions, the EU has blacklisted the A7A5 stablecoin tied to the state.

Summary

The European Union has adopted its 19th sanctions package, targeting the Russia-linked A7A5 stablecoin and its developers.
The sanctions include a full ban on transactions involving A7A5 across the EU.
A Paraguay-based exchange linked to the token’s trading was also blacklisted for aiding sanction evasion.

The European Union has rolled out its 19th round of sanctions targeting Russia, introducing sweeping economic restrictions aimed at sectors fueling Moscow’s ongoing invasion of Ukraine. Among the newly targeted areas is cryptocurrency, with the EU alleging in the Oct 23 report that Russia is turning to digital assets to evade financial sanctions. 

As part of the latest package, the bloc has moved to ban the A7A5 stablecoin, a ruble-backed digital asset developed with support from the Russian state. The EU also blacklisted the developer of the stablecoin, the Kyrgyz issuer behind the ruble-backed token, and the operator of a platform where A7A5 was actively traded. 

For the first time, transactions involving the stablecoin have been outright banned across the EU. Authorities have also sanctioned a Paraguay-based crypto exchange that played a significant role in facilitating Russia’s crypto transactions through A7A5 and other digital assets.

The crackdown reflects growing concern over how Russia is leveraging crypto assets to bypass financial restrictions imposed by Western allies. According to recent reports, A7A5 has facilitated over $15 billion in covert transactions, helping Moscow sustain its war effort while avoiding the scrutiny of the traditional banking system.

To further clamp down on these efforts, the EU has also banned its own operators from offering crypto and fintech services that could enable Russia to develop an alternative financial network. The move is aimed at closing loopholes that have allowed sanctioned entities to operate under the radar.

Russia moves to embrace crypto amid mounting sanctions
The latest ban comes just after Russia’s Finance Minister Anton Siluanov announced plans to legalize cryptocurrency in foreign trade, acknowledging crypto’s potential to move capital internationally while bypassing the traditional financial system. Siluanov emphasized the need for stronger regulation but framed legalization as a necessary step for economic flexibility.

The EU’s sanctions on A7A5 could disrupt Russia’s broader crypto ambitions. The stablecoin has become a backbone of cross-border crypto transactions for the Russian state and affiliated actors. Cutting off access to A7A5 and placing regulatory pressure on offshore exchanges may limit Moscow’s ability to fund its economy through digital currencies.

Ethereum continues to attract institutional buyers, and Japan’s Quantum Solutions is now leading the charge. The company, backed by ARK Invest, has become the largest Ethereum treasury holder among publicly listed firms in Japan after buying 2,365 ETH in just one week.

The purchase, worth roughly $9 million, brings Quantum Solutions’ total holdings to about 3,866 ETH, valued at $14.8 million. 

Ethereum as the Core of Quantum’s StrategyEthereum is at the centre of Quantum Solutions’ digital asset strategy. According to its latest statement, the company intends to keep accumulating Ethereum to diversify its holdings and reinforce its balance sheet.

“Ethereum is the primary focus of our digital asset strategy,” Quantum Solutions said in its official announcement. “We will continue to build our reserves as we expand in the blockchain and digital asset sectors.”

The company’s rising confidence in ETH shows a trend among Asian corporations that have been integrating crypto into their financial structures. 

Publicly listed firms in Japan are showing greater interest in blockchain-based assets, even as markets in Hong Kong, India, and Australia tighten regulations on digital asset treasuries.

ARK Invest Strengthens Its Bet on EthereumARK Invest, led by Cathie Wood was one of the firms that supported Quantum Solutions’ recent $180 million fundraising round in September. 

The funding aims to help the company build a 100,000 ETH treasury and advance its presence in the digital asset market.

Quantum Solutions is backed by Cathie Wood and Ark Invest | source: X

Wood described Quantum Solutions as Japan’s first institutional-grade Ethereum digital asset treasury. She further mentioned that ARK Invest is excited to back such innovation in the region. 

ARK also recently invested in BitMine, the world’s largest Ether DAT and this collaboration strengthens the link between traditional investment firms and digital asset companies.

How the Ethereum Accumulation Was FundedQuantum Solutions’ Hong Kong subsidiary, GPT Pals Studio, led the latest round of ETH purchases. 

The company financed the purchase using a mix of external borrowings and proceeds from financial instruments like convertible bonds and stock acquisition rights.

Quantum Solutions currently holds 11.6 BTC worth around $1.3 million. This is a smaller portion of its overall treasury, and the company says the focus will remain on Ethereum because of its importance to defi and tokenisation.

DAT Market Shows Mixed PerformanceThe digital asset treasury (DAT) market around the world has cooled slightly after months of excitement. Share prices of some large crypto-holding firms have slipped, and are leading to questions about whether the DAT boom is slowing down.

Tom Lee, who chairs BitMine, recently questioned if the “DAT bubble” had popped. However, he has also been buying aggressively after recent market dips. This means that he has continued faith in the long-term value of this market.

Quantum Solutions seems to share that confidence. Its leadership has said that Ethereum is an important part of its business plan, despite short-term price. 

Crypto aficionado Machi Big Brother takes a swing at recovering some of the multi-million loses with this big ETH play.

Bitcoin Holds Steady Ahead of FOMC$Bitcoin (BTC) is hovering near the $109,000 mark, maintaining stability ahead of a pivotal week for global markets. The next FOMC meeting is just six days away, and traders are watching closely for signals of another interest rate cut or a policy pause.

BTC/USD 2-hours chart - TradingView

The Fed’s decision could define the next major move for risk assets. While inflation remains above target, the recent slowdown in economic data has reignited hopes that the central bank may continue easing. Historically, rate cuts tend to favor Bitcoin and other cryptocurrencies, as investors move away from yield-based assets toward higher-risk opportunities like digital currencies.

Key Support and Resistance LevelsThe $BTC/USD chart shows strong support near $106,000, a level tested multiple times this week. Resistance lies between $110,000 and $112,000, where previous rallies have been rejected.

Technical indicators hint at a neutral-to-bullish bias:

RSI sits around 54, suggesting balanced momentum with room for upside.MACD is slightly positive, showing potential for a short-term bullish crossover if momentum continues.If Bitcoin maintains support above $107,000 into the FOMC week, a breakout toward $112,000–$115,000 could follow. However, a break below $106,000 might trigger another correction to the $103,000 range.

Gold Retreats as Crypto Prepares to ShineMeanwhile, gold ($XAU/USD) has cooled off, dropping to around $4,110 after peaking near $4,350 earlier this month. The chart reveals a downward adjustment as traders lock in profits and reallocate ahead of the Fed’s decision.

XAU/USD 2-hours chart - TradingView

With gold losing short-term momentum — RSI near 46 and MACD still negative — investors could rotate capital back into crypto as a speculative hedge, especially if the Fed signals dovish intent.

Why the FOMC Meeting Matters for BitcoinThe Federal Open Market Committee (FOMC) determines the direction of U.S. interest rates, which directly impacts global liquidity and market sentiment. When the Fed eases policy, liquidity increases, making assets like Bitcoin more attractive due to their growth potential and limited supply.

Conversely, if the Fed signals a longer pause or tighter stance, risk assets may temporarily face selling pressure. Still, Bitcoin’s resilience around $109K suggests traders are positioning for a potential rally if the Fed delivers a dovish surprise.

Bitcoin Prediction: Capital Rotation in MotionAs gold adjusts lower and the FOMC countdown begins, Bitcoin could be entering a crucial accumulation phase. If the Fed confirms a more accommodative policy path, we may see a capital rotation from traditional safe havens into digital assets, boosting BTC and altcoins into November.

For now, the $106K–$112K range remains the key zone to watch — with volatility likely to spike once the Fed speaks next week.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The XRP price has yet to reclaim its $3.84 all-time high from back in 2018, continuing to trend below $3 even now. However, this has not stopped analysts from predicting a bright future for the cryptocurrency. A fair number have forecasted that not only is the alt coin’s price headed to new all-time highs, but also that it is actually destined to cross double-digits.

With many new developments surrounding Ripple and XRP, even analysts who didn’t believe the double-digit dream seem to be changing their stance.

The XRP Price Could Still Reach $21
Crypto analyst and investor Crypto Bitlord has publicly announced a change in their stance when it comes to the XRP price. While the analyst had previously predicted that the XRP price could reach as high as $5, the double-digit dream had been unreachable. That is, until now, as the crypto analyst has walked back previous “FUD” surrounding the cryptocurrency.

In an X post, Crypto Bitlord explained that they are finally slowly connecting the dots for XRP. With this, the crypto analyst believes that not only will the XRP price cross the double-digit threshold, but now, it actually has the potential to reach as high as $21.

This was made in response to a post highlighting that the US Federal Reserve was actually now looking into payments accounts. These payments accounts are to enable crypto and financial technology companies to access payment rails connected to the Federal Reserve. This is essentially opening a door that was previously closed to these companies in the past.

The turn in the stance of the Federal Reserve is not only positive for crypto, but also, it is expected to be bullish for Ripple and the XRP price. This is because Ripple has, in the past, explained that the XRP Ledger was actually built to facilitate payments for entities.

The speech given by Governor Christopher J. Waller at the Payments Innovation Conference in Washington, D.C., highlights the need to actually bridge the gap between traditional payment methods and the crypto payment methods that are rapidly emerging. Governor Waller explains that the Federal Reserve is actually planning to be a part of this new technology.

“As Federal Reserve staff examine this idea, we will engage with all interested stakeholders to hear perspectives on the benefits and drawbacks to this approach,” the Governor said.

Bulls make a play for $2.4 | Source: XRPUSDT on Tradingview.com
Featured image from Dall.E, chart from TradingView.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

The WLD price has come under fresh pressure after recent data revealed a significant collapse in derivatives open interest. According to a platform, WLD crypto’s open interest has fallen sharply from September’s peak of $852 million to October’s lowest at $160 million, exposing the market to lower liquidity and elevated fragility of the current WLD price structure. 

Meanwhile, technical patterns show that WLD price USD broke down from an ascending channel, a structure that previously supported upward momentum. The analyst noted if bleeding continues then the next meaningful support is around $0.40, which could imply a steep correction if the current range fails. 

On the upside, the Worldcoin WLD price today at $0.85 reflects a market limping more precisely stuck sideways rather than soaring. This scene is underscoring the absence of fresh bullish conviction. While the token is featured in new integrations, the technical backdrop remains shaky.

A Big Partnership: Polymarket Integration With Worldcoin Brings Real-World UtilityOn the fundamental side, Worldcoin’s recent link to Polymarket presents compelling long-term potential for the Worldcoin WLD price prediction 2025 narrative. 

With this the World App has embedded Polymarket’s mini-app, allowing users to stake WLD or USDC in prediction markets. 

We're excited to announce our Polymarket mini app has launched in the World App.

We've partnered with the World Foundation to offer a 10% deposit bonus, up to 5 WLD (~$5), for eligible new deposits through the mini app ($5 min. deposit).

Polymarket 🤝 World pic.twitter.com/vxFevJ3FSS

— Polymarket (@Polymarket) October 21, 2025 This marks a new utility from identity verification to real-world utility, which could support token demand over time and could show some improvements in price in the remaing months of Q4.

Nevertheless, this utility shift may already be factored into market expectations, and so far it has not triggered a breakout. With the WLD price chart still trading below key moving averages and open interest subdued, the combination of strong fundamentals and weak momentum presents a mixed outlook for now but future outlook remains bullish.

Technical Outlook: If Support Fails, $0.40 Could Be Next HaltTechnically, the WLD price USD is caught between a critical support range near $0.80 to $1.00 and resistance around $1.15 to $1.35. If the $0.80 floor fails, the breakdown could lead toward $0.40, a steep drop from current levels. 

On the flip side, if bulls step in, a move toward the range’s upper border could push toward $1.15, offering 30 to 40% upside from the current baseline. 

For now, the Worldcoin price forecast 2025 remains divided, with upside remaining possible but contingent upon a change in sentiment and recovery of open interest, while downside risk is elevated given equity/macro correlations, as well as structural weaknesses. The ascending channel breakdown warns that patience may be required before the next major leg.

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Hyperliquid (HYPE) rallied sharply over the last 24 hours, outperforming most major cryptocurrencies.

Notably, the price of HYPE surged 8%, rising from a low of $34.87 to as high as $39.06. With 336.7 million tokens in circulation, Hyperliquid’s market cap reached about $13.1 billion.

HYPE daily price chart (24H). Source: Finbold
Amid the rally, the daily trading volume surged over 15%, exceeding $691.2 million, according to CoinMarketCap data. Meanwhile, the price of Bitcoin (BTC) and Ethereum (ETH) recorded brief spikes — 1.07% and 0.8% respectively — at the time of analysis.

What’s behind HYPE’s price rally
The token’s price rally aligns with a strategic corporate move aimed at advancing the Hyperliquid ecosystem through a “leading HYPE treasury strategy.”

On October 22, a merger-stage entity, Hyperliquid Strategies Inc. (HSI), filed an S-1 registration with the U.S. SEC, stating plans to raise $1 billion by offering up to 160 million shares of its “common stock.” 

Nasdaq-listed biotech firm Sonnet BioTherapeutics is merging with a special purpose acquisition company (SPAC), Rorschach I LLC, in an $888 million reverse merger to form HSI, according to the filing.

HSI will start with a digital asset treasury holding about $583 million in HYPE tokens and a $1 billion fund for additional HYPE token purchases, signaling backing for the token’s growth.

HYPE price analysis
HYPE’s recent rally may still face headwinds. Both the 50-day SMA ($46.31) and 100-day SMA ($44.95) are trending above the current price, confirming a bearish trend.

At the time of analysis, the 14-day RSI stood at 45.51, reflecting weakening momentum but holding above oversold levels. The volume spiked during the recent sell-offs but has since declined. This often suggests panic selling has eased, although buyers have not yet stepped in strongly.

HYPE technical daily price chart. Source: TradingView
The MACD histogram displays contracting negative bars, indicating a slowing bearish momentum. As long as the cryptocurrency trades below its 50 SMA, upside moves are likely to face strong resistance and may be viewed as corrective rallies within a downtrend.

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TL;DR:

Bunni shuts down after losing $8.4M in a flash loan exploit.
The protocol opens its remaining $2M treasury to affected users.
The hack highlights ongoing DeFi security risks and lack of safeguards.

The decentralized finance (DeFi) platform Bunni has announced it will permanently shut down after suffering an $8.4 million flash loan exploit, marking one of the latest blows to the DeFi ecosystem still grappling with persistent security flaws.

The protocol, built on Ethereum and known for its liquidity management tools, confirmed that the exploit drained most of its on-chain assets, leaving the team unable to recover operations. According to its statement, Bunni will now focus on compensating affected users by opening its remaining treasury and liquidity pools for withdrawal.

Exploit Drains Liquidity, Forces Bunni to Cease Operations
Blockchain security firm PeckShield identified the attack as a flash loan exploit, where the hacker manipulated Bunni’s liquidity positions to extract millions in seconds. The incident exploited a vulnerability in how Bunni calculated token prices and collateral ratios, allowing the attacker to drain funds from multiple pools without triggering safeguards.

The hacker reportedly used Tornado Cash to launder the stolen assets, making recovery efforts nearly impossible. Bunni’s decision to dissolve the protocol reflects both the scale of the financial loss and the erosion of user trust that followed. In its farewell note, the team said, “We take full responsibility for the exploit and will ensure transparency as we return remaining funds.”

Following the hack, Bunni disabled new deposits and trading activity while urging users to withdraw any remaining assets. The protocol’s treasury, worth roughly $2 million post-hack, will be distributed proportionally among impacted liquidity providers.

This closure echoes a broader pattern within DeFi, where vulnerabilities in complex smart contracts continue to expose investors to losses. Flash loan exploits, despite being known since 2020, remain a major attack vector, with total stolen funds in 2025 already surpassing $600 million across protocols, according to on-chain data analysts.

The end of Bunni underscores the fragility of decentralized systems that lack sufficient audit coverage and risk management. As DeFi expands, the incident serves as another reminder that innovation without robust security can quickly unravel even the most promising projects.

Bitcoin's price clocked in at a fiery $109,003 today, staking out a dominant market cap of $2.17 trillion. With a 24-hour trading volume punching in at $73.11 billion and intraday swings between $106,786 and $110,162, it's clear the world's most notorious digital asset isn't interested in a nap.

Cover image via www.youtube.com

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Thursday begins with Bitcoin fighting back above $109,000 but with a derivatives market twist as, right now, shorts are getting wiped out seven times harder than longs. In the meantime, XRP traders are staring directly at the most feared chart signal, the death cross, just as Ripple CTO Schwartz warns that the single weakest link in crypto right now is not code but human error, with phishing attacks on hardware wallets climbing.

TL;DRBitcoin: $109,449, liquidation imbalance at 700%, resistance at $114,000, danger zones below $106,600.XRP: $2.41, trapped under $2.62 resistance, death cross confirms downside momentum to $2 and $1.95 rails.Scam alert: Ripple CTO points to phishing scams as crypto’s biggest vulnerability right now, and it is increasingly fast.Bitcoin is no man's land right now, with 700% liquidation imbalance Bitcoin seems to find peace at $109,449 after bouncing from $106,000 lows, but the relief candle hides structural fragility. All the big time frame charts show BTC stalling under the $114,000 barrier, a level that aligns with the 0.5 Fib retracement. Above it, $118,000-$120,000 open up, but failure to breach keeps the main coin boxed into a descending channel.

Source: CoinGlassLiquidation data makes the picture only more painful for all market participants. In just four hours, $17.25 million were liquidated, with shorts at $15.18 million versus longs at $2.07 million — a 700% imbalance. This confirms that aggressive short positioning is being squeezed out, but at the same time, long positioning remains unusually thin, suggesting a market unwilling to commit fresh bullish leverage. So, no one is winning — neither bulls nor bears.

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Key supports are clustered at $106,600 and $104,000. Lose those, and Bitcoin risks going straight to $96,000 and $92,000, levels that already appeared on August volatility maps. If $114,000 is taken back, a squeeze to $120,000 is realistic, but the current profile looks more like a sideways chop than a fresh rally.

$2 XRP soon to become dream, death cross threatensAs Bitcoin struggles, so does the rest of the market. Thus, XRP trades at $2.41, rebounding from $2.19 but trapped below the $2.62 rejection point, and what's worse — the daily chart is about to confirm a death cross, with the 23-day moving average sliding under the 200-day.

The levels are unforgiving. Immediate resistance sits at $2.62 per XRP, followed by the $2.79 cluster. Support is fragile at $2.20 and breaks clean into the psychological $2 line. 

XRP/USD by TradingViewOn the weekly chart, the Bollinger Bands place the lower rail at $1.95, making that the technical floor. A move to $1.95 would not even violate "oversold" territory, meaning the market could test it without flashing relief signals. Just a pain for XRP holders.

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For context, XRP hit $3.58 at the upper band only a month ago. That same indicator now allows sub-$2 pricing without objection. Unless buyers reclaim the $2.62 midpoint fast, $2 flips from a floor into a ceiling, and $1.95 becomes the new magnet.

Ripple CTO raises alarm on increased phishing attacksDavid Schwartz, CTO of Ripple, raised a direct warning this week: phishing attacks have outpaced every other type of threat in crypto, and hardware wallet users are now prime targets. Fake firmware updates, spoofed verification requests and cloned wallet websites are flooding inboxes. Once entered, balances and "lambo" dreams disappear instantly.

With the weak market conditions and investors hedging with stablecoins on cold wallets, more funds are sitting inside cold storage. That makes hardware wallets the new honeypot. 

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The moral of the warning is simple: cryptography is unbroken, but people are not. The most effective hacks do not bypass math, they exploit trust. Until it changes, the "weak point" of crypto is not blockchain, it is human error. 

With bad actors becoming more sophisticated through the use of AI voices, cloned domains and industrial-grade phishing, the market has never needed more vigilance than it does right now.

Evening outlookThe evening session is going to be a bit chaotic, with charts and headlines clashing, creating a few pressure points that traders are going to have to keep a close eye on:

Bitcoin (BTC): Support at $106,600 remains critical; the break opens $104,000-$102,000, with deeper risk at $96,000-$92,000. Resistance capped at $114,000, upside only above $118,000.Ethereum (ETH): $3,800 area with $10.89 million liquidations; outflows from ETH ETFs at -$18.8 million weigh on sentiment.XRP (XRP): Stuck at $2.41 and only a move above $2.62 reclaims strength. Otherwise, $1.95-$2.00 becomes the magnet.ETF flows: Bitcoin ETFs showed -$101.3 million outflows yesterday despite earlier inflow momentum, underscoring volatility in institutional positioning.Macro: Asian regulators signal a new stage of crypto oversight; U.S.-China negotiations include financial technology restrictions.Market tone: $652.7 million liquidations in 24 hours, open interest in options now rivaling futures.

Thu, 23/10/2025 - 11:05

XRP Ledger validator reveals a great use case for a major transaction-based amendment following extensive tests on the XRP Ledger devnet, highlighting a key observation.

Cover image via U.Today

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Vet, an XRP Ledger dUNL validator, has shared what he believes to be a great use case for Batch (XLS-56 standard), an upcoming XRPL amendment feature that allows multiple transactions to be bundled into a batch that is all processed together.

This viewpoint comes as Vet revealed he had been experimenting with the Batch transaction amendment on the XRP Ledger devnet, notably with NFT mint and payment. Vet finds that a great use case for Batch will be in NFT trading sites or function: "Playing around with Batch on XRP Ledger devnet (NFT mint + Payment).Great use case is a full NFT for NFT trading site/function."

Playing around with Batch on XRP Ledger devnet (NFT mint + Payment).

Great use case is a full NFT for NFT trading site/function - all p2p.

E.g i give you 5 NFTs of mine for 2 NFTs you own.

RuneScape style UI would slap for this 😈 pic.twitter.com/nt3Q7aoMcX

— Vet 🏴‍☠️ (@Vet_X0) October 23, 2025 As reported, XRP Ledger developer Wietse Wind made a similar observation following testing of the Batch amendment, highlighting "a couple of terrific features" such as the ability to provide atomic swaps with multiple signers involved for different inner transactions inside one Batch, revealing excitement as to what could be done with the feature.

As fantastic as the Batch feature may be, Wind highlights a lack of understanding to be what could cause a setback in its support.

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According to xrpscan data, Batch is yet to achieve majority in consensus, currently at 68.57% against the required 80%, with 24 validators voting for and 11 against.

XRP gains spot in T.Rowe Price crypto ETFT.Rowe Price, the 87-year-old investment firm known for its mutual funds, is making a move into crypto. The legacy asset manager is seeking regulatory approval to launch an actively managed exchange-traded fund tied to multiple digital currencies, including XRP, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

The proposed ETF would offer investors exposure to anywhere from 5 to 15 coins that meet the fund's eligibility standards, and it is the first foray into the cryptocurrency space by the $1.77 trillion asset management firm, nearly two years after the SEC's approval of spot bitcoin ETFs.

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Summary

The forecast for XRP price is still cautiously optimistic as increased demand is fueled by ETF speculation.
XRP price prediction is currently a range one, with resistance at $2.50 and $3.00 and solid support around $2.20 and $2.30.
The path to $5.00–$5.50 may become accessible with a breakout above $3.50, particularly if institutional demand improves.
Ripple’s network expansion, treasury accumulation, and ETF approvals might all be significant positive drivers.
Uncertainty in regulations, poor ETF execution, and macro-driven changes in liquidity are examples of downside risks.
In the short term, XRP is expected to consolidate between $2.20 and $3.00 prior to the subsequent directional rise.

As October 2025 is dominated by ETF speculation and rising institutional demand, the discussion surrounding XRP price prediction is heating up once more.

Traders are assessing whether the structural triggers of this cycle may ultimately propel XRP toward multi-year highs close to the $5 mark, as Ripple’s ecosystem grows and treasuries consider digital exposure.

Current XRP price scenario
XRP 1d chart, Source: crypto.news
XRP is trading between $2.40 and $2.45.  A significant increase in trading volume, surpassing the weekly average, indicates that both retail and institutional traders are actively participating.  While firm support has formed in the $2.20–$2.30 region, resistance is located around $2.50 in the short run and around $3.00 in the longer term.

Despite persistent macro uncertainty and regulatory risk, market sentiment remains cautiously upbeat, with increased institutional interest in possible ETF launches and treasury participation — a factor closely tied to the broader XRP outlook heading into 2026.

Upside outlook for XRP price
Should ETF approval or significant treasury inflows come to pass, XRP (XRP) may encounter a structural supply squeeze that propels the subsequent move higher.

Analysts point out that if volume increases in tandem with institutional demand, a strong closing over the $3.00 mark may encourage additional buying momentum, with a goal of $5.00 to $5.50. Price discovery would move away from speculative retail activity and toward sustained, high-volume positioning if corporate treasury vehicles or ETF-based products began to accumulate XRP.

Beyond ETFs, XRP’s core value proposition is further strengthened by Ripple’s continuous foray into international settlement networks and alliances with financial institutions. A new class of institutional participants looking for utility-based exposure rather than pure speculation may be drawn to XRP as these integrations strengthen its position as a bridge asset for liquidity management and support the momentum generated by ETFs.

Downside risks for XRP
XRP may lose traction and go back toward its lower trading band if institutional inflows or ETF momentum stall. Further selling would probably be triggered by a breach below $2.20–$2.30, which would expose the token to a retest of the $2.00–$2.10 range. Potential upside may potentially be limited by broader weakness in the cryptocurrency market or risk-off macro conditions, particularly if liquidity moves back toward Bitcoin and Ethereum.

Furthermore, there is still a lot of uncertainty about regulatory clarity. The capacity of XRP-specific products to sustain upward momentum even in good market conditions may be limited by any renewed enforcement action, delays in ETF approvals, or unfavorable decisions that erode confidence and cause capital outflows, an ongoing risk that shapes the near-term XRP forecast.

XRP price prediction based on current levels
XRP support and resistance levels, Source: Tradingview
It is anticipated that XRP will consolidate before making its next directional move in the short term, trading between $2.20 and $3.00. While a breakdown below $2.20 raises the possibility of a reversal toward the lower $2.00 region, a confirmed breakout over $3.50 with sustained volume might open the way for $5.00–$5.50. Whether ETF speculation turns into structural demand from long-term institutions and corporate treasuries will ultimately determine the token’s medium-term direction.

Positive factors including Treasury accumulation, ETF approval, and the ongoing integration of Ripple’s payment network should cause XRP to reprice much higher by early 2026.  As market participants test both liquidity and conviction on either side of the market, traders should anticipate volatility within the present consolidation range until those events occur.

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

Your day-ahead look for Oct. 23, 2025 Oct 23, 2025, 11:15 a.m.

Bitcoin's recovery is facing resistance. (Maya Kruchankova/Shutterstock modified by CoinDesk)

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By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market is looking to regain upside traction, with bitcoin BTC$109,625.20 attempting to top $110,000. The CoinDesk 20 Index has risen over 1% in the past 24 hours alongside double-digit gains in a select few tokens such as HYPE, KHYPE and XMR.

Sentiment on social media remains bullish, thanks to expectations that the Federal Reserve will cut rates by 25 bps next week, continuing the so-called liquidity easing cycle. Still, it's worth noting that the dollar index is continuing to exhibit bullish price action. A strengthening dollar could limit upside in BTC.

Risk proxies such as the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Financial Select Sector SPDR Fund (XLF) aren't supportive either. Both have recently penetrated key support levels. (Check the TA section). Meanwhile, key volume studies point to underlying weakness in the bitcoin market.

Taken together, these factors validate the persistent put bias in BTC options listed on Deribit and Standard Chartered's short-term bearish outlook.

Founders of the newsletter service LondonCryptoClub said that the recent banking funding stress and liquidity tightening are "keeping BTC anchored and negatively impacting underlying risk dynamics." Still, they added that the bull run is far from over, pointing to lower bond yields and economic slowdown risks as catalysts for aggressive Fed easing that could cause a "melt up."

In traditional markets, oil rose 4% on both sides of the Atlantic after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war. Increased volatility in the oil market could cause risk aversion. Stay alert!

What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

CryptoOct. 23, 9 a.m.: Binance Square is hosting an AMA about "how early-stage projects grow, build communities and navigate their Alpha journey."MacroOct. 23, 8:30 a.m.: Owing to the federal government shutdown, the U.S. Department of Labor is not releasing its usual weekly initial and continuing jobless claims reports.Oct. 23, 10 a.m.: U.S. Sept. Existing Home Sales Est. 4.1M.Earnings (Estimates based on FactSet data)Nothing scheduled.Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsSSV DAO is voting to amend DIP-31, refocusing SSV 2.0 on Compose, a protocol enabling atomic cross-rollup transactions to reduce L2 fragmentation and advance SSV beyond distributed validator technology. Voting ends Oct. 23.UnlocksOct. 23: Soon (SOON) to unlock 4.52% of its circulating supply worth $12.4 million.Token LaunchesOct. 23: DFDV common stock holders to receive a warrant dividend.Oct. 23: Venice (VVV) to reduce its token supply inflation from 10M/year to 8M/year.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Day 2 of 2: London Blockchain ConferenceDay 2 of 2: Valencia Digital Summit 2025 (Valencia, Spain)Oct. 23: Wall Street Blockchain Alliance Crypto & Blockchain Summit 2025 (New York)Token TalkBy Francisco Rodrigues

Jupiter's native token, JUP, rose more than 3% in the last 24 hours after the decentralized exchange posted strong growth across key business metrics in the third quarter.The Solana-based project is also pushing to launch its own stablecoin and prediction market.Quarterly revenue rose 19.2% to $45.8 million, while trading volume, driven by both spot and perpetual products, jumped 71% to $242.8 billion.Fees generated reached $121.5 million, up nearly 48% from the second quarter. Despite the growth, JUP's market cap edged down 1.5% to $1.35 billion.Jupiter attributed the growth to new product rollouts, including its Ultra v3 trading engine and a lending protocol that the team says is one of the fastest-growing on Solana. Active wallets increased 5% to 8.4 million, and total value locked (TVL) rose 41.7% to $3.4 billion.JUP outperformed the wider crypto market, which rose 1.6% based on the performance of the CoinDesk 20 (CD20) index.Derivatives PositioningOpen interest (OI) in HYPE futures surged 17% in 24 hours, reaching a two-week high of 40.24 million HYPE. Occurring alongside a rise in price and positive funding rates, the increase indicates growing demand for leveraged bullish exposure. OI in BTC and ETH has barely changed, a sign traders are reluctant to place bets ahead of Friday's U.S. CPI release.Volmex's BVIV, which measures the annualized 30-day implied volatility in BTC, has pulled back slightly to 50% but remains well above the September low of 35%. The elevated level reflects persistent concerns arising from newfound risks like auto-deleveraging and liquidity issues. Funding rates for major cryptocurrencies continue to hover near zero in a sign of balanced market conditions. XMR and BNB rates are slightly negative, indicating a bias for bearish short positions. On Deribit, flows featured BTC put spreads. Overall, puts continue to trade at a premium to calls. Market MovementsBTC is up 1.63% from 4 p.m. ET Wednesday at $109,459.82 (24hrs: +1.74%)ETH is up 2.92% at $3,892.29 (24hrs: +2.05%)CoinDesk 20 is up 2.57% at 3,602.20 (24hrs: +1.59%)Ether CESR Composite Staking Rate is up 3 bps at 2.86%BTC funding rate is at 0.0038% (4.1303% annualized) on BinanceDXY is up 0.15% at 99.04Gold futures are up 1.73% at $4,135.80Silver futures are up 2.22% at $48.74Nikkei 225 closed down 1.35% at 48,641.61Hang Seng closed up 0.72% at 25,967.98FTSE is up 0.43% at 9,555.49Euro Stoxx 50 is up 0.21% at 5,650.92DJIA closed on Wednesday down 0.71% at 46,590.41S&P 500 closed down 0.53% at 6,699.40Nasdaq Composite closed down 0.93% at 22,740.40S&P/TSX Composite closed up 0.32% at 29,982.98S&P 40 Latin America closed up 0.49% at 2,894.55U.S. 10-Year Treasury rate is up 4 bps at 3.993%E-mini S&P 500 futures are little changed at 6,738.50E-mini Nasdaq-100 futures are little changed at 25,057.25E-mini Dow Jones Industrial Average Index are down 0.24% at 46,672.00Bitcoin StatsBTC Dominance: 59.79% (-0.12%)Ether to bitcoin ratio: 0.03557 (0.57%)Hashrate (seven-day moving average): 1,116 EH/sHashprice (spot): $47.17Total Fees: 2.89 BTC / $312,945 CME Futures Open Interest: 142,385 BTCBTC priced in gold: 26 ozBTC vs gold market cap: 7.34%Technical Analysis

HYG and XLF daily charts. (TradingView)

The iShares iBoxx High Yield Corporate Bond ETF (HYG) recently dived out of a bullish trendline, signaling renewed seller dominance. The Financial Select Sector SPDR Fund's (XLF) prolonged range play has resolved bearishly. These breakdowns suggest potential for a broad-based risk aversion ahead. Crypto EquitiesCoinbase Global (COIN): closed on Wednesday at $320.33 (-5.4%), +0.94% at $323.33 in pre-marketCircle Internet (CRCL): closed at $124.79 (-3.9%), +1.69% at $126.90Galaxy Digital (GLXY): closed at $37.34 (-12.88%), +1.23% at $37.80Bullish (BLSH): closed at $52.63 (-8.1%), +1.48% at $53.41MARA Holdings (MARA): closed at $19.15 (-4.58%), +1.36% at $19.41Riot Platforms (RIOT): closed at $18.99 (-8.13%), +1.21% at $19.22Core Scientific (CORZ): closed at $17.8 (-7.44%), +2.36% at $18.22CleanSpark (CLSK): closed at $16.86 (-10.18%), +2.43% at $17.27CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $51.32 (-8.37%), +2.81% at $52.76Exodus Movement (EXOD): closed at $23.28 (-5.67%)Crypto Treasury Companies

Strategy (MSTR): closed at $280.81 (-6.99%), +2.3% at $287.28Semler Scientific (SMLR): closed at $22.53 (-4.17%)SharpLink Gaming (SBET): closed at $13.44 (-6.28%), +2.16% at $13.73Upexi (UPXI): closed at $4.75 (-6.68%), +3.79% at $4.93Lite Strategy (LITS): closed at $1.86 (-4.62%), +6.99% at $1.99ETF FlowsSpot BTC ETFs:

Daily net flows: -$101.4 millionCumulative net flows: $61.84 billionTotal BTC holdings ~1.35 millionSpot ETH ETFs:

Daily net flows: -$18.9 millionCumulative net flows: $14.59 billionTotal ETH holdings ~6.78 millionSource: Farside Investors

While You Were SleepingIs Bitcoin Headed for a Crash Below $100K? ‘Grand Daddy’ Volume Indicator Hits Lowest Since April (CoinDesk): A simple volume score that adds on up days and subtracts on down days just turned lower, hinting buyers are thinning as bitcoin sits near a key floor around $107,300.Hyperliquid Strategies Looks to Raise $1B to Fund HYPE Treasury Purchases (CoinDesk): The S-1 filed Wednesday would authorize up to 160 million new shares to expand HYPE holdings, with existing tokens to be staked for rewards that further build the crypto treasury.Polymarket Is Seeking Funding at a Valuation of Up to $15 Billion (Bloomberg): Two weeks after Intercontinental Exchange signaled an investment of up to $2 billion at $8 billion, surging trading volume and new deals have investors talking a low-to-mid-teens price tag.Trump’s 'Donroe Doctrine' Aims to Dominate the Americas (The Wall Street Journal): The White House is turning a 19th-century warning into a regional playbook, wielding airstrikes, sanctions, covert operations and conditional aid while shifting troops and resources toward Latin America.More For You

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

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Your day-ahead look for Oct. 22, 2025

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Key NotesWazirX will resume trading with zero trading fees for at least 30 days.Phased relaunch aims to enable full functionality by October 27.The exchange has partnered with BitGo to enhance asset security and custody.
India’s once-leading exchange, WazirX, will resume operations on Oct. 24 after the High Court of Singapore approved its restructuring plan. This marks the end of a turbulent chapter for the exchange following a massive security breach in 2024.

To welcome users back, WazirX has announced that all trading will start with zero fees for a minimum of 30 days, with the potential for extension. Founder Nischal Shetty said the initiative aims to rebuild confidence and make it easier for users to trade freely as the platform reopens.

Moving fast towards the WazirX restart!

Trading starts tomorrow, 24th October 🚀

0 Fee trading for minimum 30 days. We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can.

Our focus is only YOU. We will do whatever it…

— Nischal (Shardeum) 🔼 (@NischalShetty) October 23, 2025

Trading will resume in phases over four days, starting Oct. 24. Each day, around 25% of all listed tokens will become available for trading, leading up to full functionality by Oct. 27. This will be well within the 10-business-day window approved in the court-sanctioned plan.

Initially, all tokens will be tradable in the USDT market, while only the USDT/INR pair will be available in the INR market. The exchange will gradually add additional INR trading pairs after stability is restored.

Trading Will Begin with ZERO Trading Fee Across All Markets 🚀

Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts.

Trading for tokens will be enabled gradually over four days,… pic.twitter.com/fG1XuWgAdK

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 23, 2025

WazirX has also cautioned users to expect temporary price fluctuations and varying liquidity levels as markets reopen. The team advised traders to monitor liquidity carefully and avoid reacting to short-term volatility during the first few days of resumed trading.

A New Chapter after a Major Setback
The relaunch brings closure to more than a year of uncertainty for over 150,000 affected users following one of India’s largest crypto security breaches.

On July 18, 2024, hackers stole around $234.9 million from WazirX’s crypto wallets, forcing an immediate suspension of withdrawals and trading.

In response, WazirX submitted a restructuring plan to the Singapore High Court, outlining a roadmap for asset recovery and user repayment. The court approved the Scheme of Arrangement on Oct. 13, 2025, clearing the way for the platform to restart operations.

To improve fund safety, WazirX has partnered with BitGo, a global leader in digital asset custody, to introduce insured, institutional-grade storage solutions. The partnership is part of the exchange’s broader effort to enhance transparency and rebuild trust among its user base.

In preparation for the relaunch, WazirX has completed a series of token swaps, mergers, delistings, and token migrations, along with a rebranding campaign.

The exchange also confirmed that it will begin distributing tokens to creditors within 10 business days and plans to issue Recovery Tokens as part of its revival strategy.

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

Cryptocurrency News, News

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

Parth Dubey on LinkedIn

Binance founder CZ has recently taken a jab at Peter Schiff’s new tokenized gold plan.

Schiff has long been a vocal critic of cryptocurrencies, but he is now turning to blockchain to make gold more accessible. While tokenized gold may seem like a good idea given gold’s recent performance, CZ’s remarks suggest there may be more to the story than what meets the eye. 

“Tokenised Gold” Is Not Truly On-ChainIn a recent interview, gold proponent and Bitcoin critic Peter Schiff revealed that he is launching a tokenised gold product. 

“Ideally, the one thing that makes sense to put on a blockchain is gold because it will work and it will do all the things that Bitcoin promises but can never do,” he said. He also plans to offer a debit card linked to users’ gold or silver holdings.

However, CZ pointed out that tokenized gold is not truly “on-chain” gold. He explains that it just means trusting a third party to actually deliver the gold in the future. “Most people ‘in crypto’ know this, most people ‘not in crypto’ may not understand yet,” he added.

Saying the obvious. Most people “in crypto” know this, most people “not in crypto” may not understand yet.

Tokenizing gold is NOT “on chain” gold.

It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe… https://t.co/KMYfz2dG04

— CZ 🔶 BNB (@cz_binance) October 23, 2025 CZ highlighted the risks inherent in this setup. The promise of gold could be affected by changes in management, long-term delays, geopolitical crises, or even wars.

Why Gold Tokens Have Not Gained TractionCZ explained that these risks are why gold-backed tokens haven’t really caught on, calling them “trust me bro” tokens rather than a real blockchain-based asset. 

The reliance on third-party custodians undermines its appeal. This also goes against one of crypto’s core principles: decentralization and eliminating the need to trust middlemen. 

The tokenised gold market cap is currently over $2.4 billion, with only PAX Gold (PAXG) and Tether Gold (XAUt) having crossed a $1 billion market cap. Earlier this week, CZ predicted that Bitcoin could eventually overtake gold in market value.

Could Gold’s Drop Trigger a Bitcoin Sell-Off?Schiff has faced criticism in the crypto community after gold recently dropped below $4,100. 

If gold can drop by 6.5% in one day on panic selling, imagine what can happen to Bitcoin. Such a crash may not be imaginary for long.

— Peter Schiff (@PeterSchiff) October 22, 2025 He had previously suggested that gold’s recent sharp drop might not spark a rotation into Bitcoin as some expected. Instead, he suggested it could trigger a broader sell-off in Bitcoin, noting that Bitcoin-related stocks are already seeing significant outflows.

Meanwhile, Bitcoin is recovering and is currently trading at $109,483, up 1.5% in the past day while gold is currently trading at $4,114, up 0.36%.

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.

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Global traditional asset management firm, T. Rowe Price, filed its crypto ETF on Wednesday, becoming the first ever actively managed XRP ETF. The ETF is designed to provide investors with actively managed exposure to a diversified basket of digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. 

T. Rowe Files for Actively Managed XRP ETF The newly filed ETF called T. Rowe Price Active Crypto ETF can hold between 5 to 15 crypto assets at a time and can adjust holdings based on market conditions and valuations. The company, holding $1.8 trillion in assets, plans to trade the ETF on the NYSE Arca Exchange. 

This allows investors to gain exposure without direct ownership of the underlying coin. It aims to outperform the FTSE Crypto US Listed Index, which tracks the top ten US-listed cryptocurrencies that meet SEC standards. The filing comes amid the growing interest in crypto ETFs. 

On Wednesday, Bloomberg crypto analyst Eric Balchunas revealed that there are more than 155 ETF applications filed with the US Securities and Exchange Commission (SEC), tracking over 35 different digital assets.

Other assets of  T. Rowe Price are: 

Cardano (ADA)Avalanche (AVAX)Litecoin (LTC)Dogecoin (DOGE)Hedera (HBAR)Bitcoin Cash (BCH)Chainlink (LINK)Steller (XLM)Shibu Ina (SHIB)Wave of Crypto ETFs  After Generic Listing The crypto industry was already buzzing with ETFs when the SEC approved Generic Listing Standards. This made the ETF applications easier and more time-efficient, which brought dozens of new ETF applications for multiple digital assets. Responding to this, another expert from Bloomberg, James Seyffart, said, “Things are getting wild.” 

Now, over 150 crypto ETFs are awaiting the SEC’s approval, which has been delayed due to the US government shutdown. Once the shutdown ends, a lineup of crypto ETF approvals is expected by the agency. 

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.

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In brief
Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets.
Trading and withdrawals will resume the same day, with full functionality by Monday.
The platform has partnered with BitGo for institutional-grade custody solutions.
Indian crypto exchange WazirX will restart operations on October 24 with zero trading fees across all markets, more than a year after hackers stole $234 million in one of the largest cyberattacks in crypto history.

Backed by 95.7% of creditors, WazirX’s Singapore court–approved restructuring plan allows the exchange to reopen for 6.6 million users locked out since the July 2024 hack tied to North Korean attackers, following months of legal hurdles and creditor votes.

Moving fast towards the WazirX restart!

Trading starts tomorrow, 24th October 🚀

0 Fee trading for minimum 30 days. We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can.

Our focus is only YOU. We will do whatever it…

— Nischal (Shardeum) 🔼 (@NischalShetty) October 23, 2025

The platform is working toward issuing Recovery Tokens to creditors, with token distributions beginning once operations resume. INR withdrawals are already live, with crypto trading and withdrawals starting Friday.

Trading will resume in stages, with around 25% of tokens enabled each day until full functionality is restored by Monday, starting with crypto-to-crypto and the USDT/INR pair before other INR markets are added, according to a statement shared with Decrypt.

Users could potentially recover 75% to 80% of their frozen account balances through the company's proposed recovery token system, though several have reported receiving less than expected and raised concerns over inconsistent payout calculations.

WazirX has partnered with BitGo to provide insured, institutional-grade custody for user assets, a key security upgrade after last year’s breach, said founder Nischal Shetty.

"WazirX's relaunch with BitGo custody is a positive step toward rebuilding trust; however, some users on X are reporting they've received only about 30% of their funds or are facing calculation discrepancies," Pushpendra Singh, a crypto influencer and vocal critic following the hack, told Decrypt. "I hope WazirX addresses these complaints quickly—users have already waited long enough to get their funds back."

Mixed reactionsHowever, the restart has drawn mixed reactions, with several users taking to X to criticize the platform.

"Why the **** they asking for deposit before even returning the users who lost money for no reason. What kind of scam is this? And what gives them this strength to even do it?” one user tweeted, questioning the exchange's operations.

“The core issue with WazirX was always opacity, unclear ownership, inconsistent communication, and no verifiable proof of reserves,” CA Sonu Jain, chief risk and compliance officer at 9Point Capital, and a vocal critic of WazirX’s post-hack operations, told Decrypt.

"Unless the new entity publishes independently verified audits and clear accountability for prior user funds, this 'fresh chapter' risks repeating the same governance failures under a new rebranded banner,” he added.

Jain also pointed to operational issues, noting that many investors are facing re-KYC requirements that are delaying the process, with some of his clients still unable to withdraw INR despite the platform's claims that withdrawals are live.

Decrypt has reached out to WazirX for comment and will update this article should they respond.

Meanwhile, the Delhi High Court ordered Zettai in August to produce its acquisition agreement with Binance and disclose restructuring scheme details, as creditors still push for transparency following the hack.

"As per the information so far, we estimate that investors would gain back access to about 4000cr,” Edul Patel, CEO of Indian crypto exchange Mudrex, told Decrypt.

“While the 15% shortfall remains a concern, the structured recovery and transparent communication show a strong intent to rebuild trust, not only on the platform but also in the industry,” he added.

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Tesla’s Q3 2025 earnings report, released on Wednesday, shows that the company held steady on its Bitcoin holdings. This means that Tesla continues to hold about 11,500 BTC valued at approximately $1.315 billion. 

Tesla’s Earnings Report The new earnings report of Tesla shows that the company has not made any sales or acquisitions during Q3. It reported $28.1 billion in revenue in that time period, surpassing Wall Street, which holds around $26.36 billion. 

According to the report, gross margin improved to 18.1%, higher than 17.5% in Q3, while Free cash flow rose 46% year-over-year (YoY), rising around $2.08 billion. With an increase in vehicle deliveries, growth in energy generation and storage, and an increase in services, the total revenue is boosted by 12% YoY, reaching around $28.1 billion. 

Development of AI in Tesla Tesla took the concept of Artificial Intelligence (AI) to the next level. In October 2025, it deployed ‘Full Self-Driving (FSD) version 14,’ which brings some significant improvements to its autonomous driving software and Rovotaxi service. This is a major leap towards unsupervised self-driving, expanding its reliability, safety, and real-world applications.  

However, the operating income fell 40% YoY to $1.6 billion, resulting in a 5.8% operating margin for Q3 2025. AI and research with other developing projects were among the factors leading to this earnings decline. 

Tesla’s Bitcoin Outlook Tesla is one of the largest Bitcoin holders in the world. The company initially invested $1.5 billion in Bitcoin in 2021, but sold a significant amount the next year. In a recent exchange on X, the largest shareholder and CEO of Tesla, Elon Musk, expressed his trust in Bitcoin. 

He said that, unlike fiat, Bitcoin cannot be faked or inflated by printing more. The energy is finite and can’t be fabricated, which gives Bitcoin the scarcity and credibility to attract more investors. 

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.

Bitcoin is back above $109,00 ahead of Friday's CPI release, despite net outflows from Spot ETFs.

Spot BTC ETFs saw a $101.3 million outflow, while Spot ETH ETFs recorded $18.8 million outflows. Total crypto liquidations hit $499.29 million, affecting 139,320 traders, and Bitcoin dominance jumped 1.4% to 59.1% in a single day.

Bitcoin Stuck, Key Levels Hold Importance

Daan Crypto Trades noted Bitcoin is rangebound between $107,000–$111,000, with thin trading volume causing sharp swings.

A break above $111,000 could open the door for further upside, while holding $107,000 support remains crucial.

Ted Pillows highlighted Ethereum bounced off key support but shows lingering weakness. Until it reclaims $4,100 with strong institutional inflows, most pumps are likely to be retraced.

For Solana, Daan explains it is consolidating around its Daily 200MA/EMA, forming lower highs and higher lows post-October 10 volatility.

Key levels are $170–$175 support and $195–$200 resistance; the next move will depend on which side breaks.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$109,655.48Ethereum(CRYPTO: ETH)$3,903.10 Solana(CRYPTO: SOL)$188.87XRP(CRYPTO: XRP)$2.41Broadly tracking the crypto market, the meme coin cap rose 0.1% to $61.97 billion in 24 hours. AI-themed meme coins led with 1.6% gains, while Solana-based meme coins dropped 1.8%.

While Dogecoin remains "crazy cheap" under $0.2 according to trader GalaxyBTC, Shiba Inu burn rates surged 2,690%, showing strong token deflation activity.

CryptocurrencyTickerPriceDogecoin(CRYPTO: DOGE)$0.1958Shiba Inu(CRYPTO: SHIB)$0.00001003 Read Next:

Bitcoin, Ethereum Whales Bet On Upside: What Do They Know?
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Ripple’s native token has been under pressure over the past two weeks, giving up almost all of its strong Q3 gains. While Bitcoin’s dominance has surged, altcoins like XRP are struggling to hold critical support levels. However, the charts still show some structure holding for now.

Technical Analysis
By Shayan

The USDT Pair
On the USDT chart, XRP has pulled back from the upper boundary of its broad ascending channel and is now testing the lower trendline. The asset is currently positioned just below the 100-day and 200-day moving averages, with the latter serving as immediate resistance at around $2.60.

A break below the lower boundary of the channel could expose the $2 demand zone. With the RSI also hovering around 40, the momentum is bearish but not oversold, suggesting more room for downside if support fails.

The BTC Pair
Looking at the BTC pair, the situation appears weaker. XRP has broken below the long-standing support around 2,500 SAT and is struggling to reclaim the 200-day MA. After a sharp drop to the 2,000 area, the price has found temporary stability but still trades below key resistance levels.

The RSI also remains stuck near 39, showing that relative strength is lacking compared to Bitcoin. Therefore, the buyers need to reclaim the 2,500 zone soon to regain momentum. Otherwise, XRP is likely to continue its decline against BTC.

Full-time on-chain Data Analyst and Python Programmer. Passionate about Bitcoin and DataVisualization.

Key NotesBitcoin critic Peter Schiff announced plans to launch a tokenized gold product, allowing users to buy and transfer gold digitally.Changpeng Zhao stated that tokenized gold often depends on trust in third-party custodians, making them “trust me bro” tokens.Schiff defended the model, arguing that gold has long relied on trusted custodians like Brinks.
Bitcoin

BTC
$109 221

24h volatility:
1.6%

Market cap:
$2.18 T

Vol. 24h:
$72.43 B

critic Peter Schiff is entering the real-world assets (RWA) tokenization space, planning to launch a tokenized gold product.

However, Binance founder Changpeng Zhao (CZ) pointed out that tokenizing gold is not the same as having physical gold on-chain.

Binance’s Changpeng Zhao on Limitations of Tokenized Gold
During a recent podcast interview, Gold buff Peter Schiff announced plans to launch a tokenized gold product.

Speaking on the development, Schiff said: “You’ll be able to buy gold on an app through your phone, the gold will be stored in a vault and then you will be able to effortlessly transfer ownership of gold to people you know or redeem it for physical gold.”

Peter Schiff reveals he will be launching a tokenized gold product

"You'll be able to buy gold on an app through your phone, the gold will be stored in a vault and then you will be able to effortlessly transfer ownership of gold to people you know or redeem it for physical gold" pic.twitter.com/mWCXVKj9v8

— Tengen (@Crypto_Tengen) October 23, 2025

Binance founder Changpeng Zhao has cautioned investors about the limitations of tokenized gold. He emphasized that such tokens do not represent “on-chain” ownership of physical gold.

Zhao explained that tokenized gold relies on trust in a third party to deliver the actual asset, potentially decades later, even amid management changes or geopolitical disruptions.

He referred to these as “trust me bro” tokens, highlighting the inherent counterparty risk.

Saying the obvious. Most people “in crypto” know this, most people “not in crypto” may not understand yet.

Tokenizing gold is NOT “on chain” gold.

It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe… https://t.co/KMYfz2dG04

— CZ 🔶 BNB (@cz_binance) October 23, 2025

The Binance founder noted that this fundamental reliance on trust is why gold-backed tokens have yet to achieve widespread adoption in the crypto market.

CZ recently suggested that Bitcoin could surpass gold in the future, following gold’s market cap reaching $30 trillion.

Responding to CZ, Schiff questioned the reliability of tokenized gold, comparing it to stablecoins and pointing out the long-standing trust in traditional gold storage.

People have trusted third parties to hold their gold for centuries. Brinks has been storing gold for over 160 years and has never lost an ounce. However, tokenized gold is the same custodial concept as stablecoins. Does this mean that you are against that entire industry too?

— Peter Schiff (@PeterSchiff) October 23, 2025

Gold Liquidity Coming To Bitcoin? Peter Schiff Says No
Following its all-time highs above $4,350 last week, the gold price has corrected over 6.5%.

Economist and gold advocate Peter Schiff has warned that Bitcoin could face a major downturn if gold’s recent volatility is any indication.

Schiff noted that gold’s 6.5% single-day drop amid panic selling highlights how quickly markets can reverse, suggesting Bitcoin could see an even sharper decline.

He added that instead of triggering a rotation from gold into Bitcoin, the correction might prompt investors to exit both assets. Schiff also pointed out the early sell-off taking place in Bitcoin-related stocks.

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

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X

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The “Trump insider whale” has begun closing its Bitcoin short positions just as the U.S. President signals optimism about an economic agreement with China. The crypto market has also rebounded, with most tokens now in the green.

Trump Insider Whale Closes Major Bitcoin Short Positions
According to Arkham Intelligence, the whale known for correctly shorting the market ahead of the Trump tariff crash has begun reducing exposure. The trader recently closed $86.6 million in Bitcoin shorts, securing a $2.38 million profit. 

The whale still holds an additional $140 million in open positions, currently in profit by about $4.3 million.

Source: X
This entity previously made nearly $200 million during the last major market correction linked to the Trump tariff tensions between the two countries. The timing of the whale’s move coincides with the U.S. President’s public comments suggesting a major breakthrough could be on the horizon in U.S.-China relations. 

POTUS: "I’ll be meeting with President Xi of China. We have a pretty long meeting scheduled. We can work out a lot of our questions and our doubts, and our tremendous asset together. So we look forward to that." pic.twitter.com/qXtRNucjSl

— Trump War Room (@TrumpWarRoom) October 22, 2025

The US president had previously confirmed that he would meet with President Xi Jinping on October 31 during the APEC summit.

“I’ll be meeting with President Xi,” Trump said. “We can work out a lot of our questions and our doubts, and our tremendous assets together. So we look forward to that.”

However, the president’s unpredictable stance has left traders cautious. Just days earlier, Trump hinted that the meeting might not happen, though he reiterated his intention to strike what he called “a very good deal with China.”

Trump Tariff Tensions and Policy Shifts
The developments come as the trade war continues to cast a shadow over both global and digital asset markets. Reports from Reuters suggest that Washington is considering additional restrictions on software exports to China.

The action comes after Beijing decided to restrict rare earth mineral exports, which sparked concerns about supply chain disruption. In response, the US president has floated the possibility of 100% tariffs on select Chinese goods starting November 1, unless a deal is reached.

Furthermore, Trump met with Australia to reduce reliance on China through new partnerships. The two leaders signed a $1 billion minerals agreement. This signals Washington’s broader strategy of diversifying critical resource supply lines.

Although the U.S. President projected confidence, saying, “I have a good relationship with President Xi, and I expect to make a good deal with him.” His list of negotiation priorities includes rare earths, fentanyl control, and agricultural exports like soybeans.

During the recent Trump tariff threats, the Bitcoin price briefly plunged to $104,000.  Since then, sentiment has stabilized due to optimism surrounding the impending Trump-Xi meeting.  As the market recovers, the token is currently trading between $109,000 and $110,000.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Proceeds from Hyperliquid's offering will support corporate operations and strategic accumulation of HYPE tokens.

Hyperliquid Strategies has officially filed an S-1 statement with the US Securities and Exchange Commission (SEC) to raise up to $1 billion in a public offering. The company intends to offer up to 160 million shares of its common stock.

Chardan Capital Markets has been roped in to serve as the financial advisor for the fundraising.

Hyperliquid S-1 Filing
Hyperliquid Strategies is a pending merger between Nasdaq-listed Sonnet BioTherapeutics and the special purpose acquisition firm (SPAC) Rorschach I LLC, a transaction first announced in July and expected to close within the year. Following completion of the merger, the entity will trade on Nasdaq under a new ticker symbol. The company’s leadership includes Chairman Bob Diamond, formerly CEO of Barclays, and CEO David Schamis.

Announcing the same, Schamis said,

“Today we filed an S1. This document is to allow us to issue additional equity into the market following the close of our transaction. We will only be selling equity if and when we believe the market conditions to be favorable. We have no obligations or requirements to issue any additional capital.”

According to the filing, proceeds from the offering will be used for general corporate purposes, including the expansion of its treasury holdings of Hyperliquid’s HYPE token. Currently, Hyperliquid holds 12.6 million HYPE tokens alongside $305 million in cash.

The company plans to primarily deploy its HYPE tokens through staking initiatives, which are expected to produce ongoing returns. It also plans to explore other decentralized finance activities within the ecosystem, subject to internal evaluations. Hyperliquid Strategies’ latest filing states that the company intends to selectively utilize its HYPE token holdings to generate value for shareholders and strengthen its position in the crypto market.

2025 Milestones
Hyperliquid’s ecosystem saw tremendous success this year. It has managed to assert dominance both in token repurchases and blockchain activity. According to CoinGecko, the platform has led token buybacks after allocating over $644.64 million through its Assistance Fund, which is nearly half of all token buyback spending this year. This effort, surpassing the combined buybacks of the next nine largest projects, has led to the repurchase of at least 21.36 million HYPE tokens, which represent roughly 2.1% of total supply.

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Monthly buybacks averaged $65.50 million and peaked at $110.62 million in August, with an average price of $30.18 per token.

On the blockchain side of things, Hyperliquid has surged ahead of traditional networks. Data from CryptoRank shows the network’s fees jumped 1,600% in a year, as it climbed from $2.4 million in October 2024 to $41 million in October 2025. This surge was fueled by the HIP-3 launch, which enabled permissionless perpetuals and strategic fee reductions that drove record trading volumes.

On the other hand, Ethereum and Solana experienced significant declines, while Bitcoin’s on-chain fees plummeted 73% during the same period.