Market Signal Briefing

Representation of Ripple, a cryptocurrency network, in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Nov 5 (Reuters) - Ripple has raised $500 million in a strategic investment valuing it at $40 billion, the crypto firm said on Wednesday, in a funding round led by Fortress Investment Group and Citadel Securities.

The investment comes on the heels of Ripple's $1 billion tender offer earlier this year at the same valuation, the company said.

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In the wake of the GENIUS Act, which created a regulatory framework for stablecoins, more institutions are adopting stablecoins such as Ripple USD (RLUSD) for treasury payments and collateral management.

Fintechs and traditional financial firms are increasingly turning to stablecoins to streamline cross-border payments, speed up settlements and broaden access to digital finance.

Ripple, which provides crypto solutions for businesses, said the fresh capital would help deepen relationships with financial institutions and support its expanding product suite, which now includes custody, stablecoins, prime brokerage and corporate treasury services.

Under the more crypto-friendly Trump administration, Ripple aims to expand institutional use of its XRP token and deepen its footprint in capital markets.

"This investment reflects both Ripple's incredible momentum, and further validation of the market opportunity we're aggressively pursuing," said Ripple CEO Brad Garlinghouse.

Reporting by Hannah Lang in New York and Prakhar Srivastava in Bengaluru; Editing by Sahal Muhammed

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Following the significant momentum gained with the Glacier Drop, Cardano Midnight has announced Phase 2, opening the floodgates to a wider demographic. Dubbed Scavenger Mine, the 21-day event will see NIGHT tokens distributed to participants, but early challenges threaten to derail the process.

Midnight’s Scavenger Mine Gets Underway
According to an official announcement, Cardano’s privacy sidechain has launched Scavenger Mine as the second phase of its Glacier Drop. According to the official statement, the Scavenger Mine event will feature the allocation of NIGHT tokens to eligible participants through a multi-phase token distribution.

The team disclosed that the distribution will involve three claim phases and one redemption period designed to encourage participation. Under the Scavenger Mine event, participants can claim token allocations by completing puzzles or computational tasks.

Upon completion, claimants will be able to access their token allocations during the redemption period, transferring them to their Cardano destination address. A notice on the official website revealed that the tokens will be unlocked in four installments over 360 days, with an additional 90-day grace period.

During the widely anticipated Glacier Drop, Midnight’s team earmarked 12 billion NIGHT tokens to be allocated to eligible participants across select blockchains. However, only 3.5 billion NIGHT tokens, representing 14% of the total supply, have been claimed.

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Scheduled for 21 days, the Scavenger Mine event reallocates unclaimed tokens from the Glacier Drop back in July to participants. While Phase One was limited to eight blockchains, the official statement noted that Scavenger Mine is open to all, with the primary requirement being a Cardano Destination address.

A surge in interest triggers technical issues
In the first two hours after launch, over 105,000 addresses participated in the Scavenger Mine event. Within 12 hours, the team had logged 3.2 million solutions to the cryptographic puzzle, which it described as a “massive show of participation.”

However, barely a day since the start of the event, the team has hit its first roadblock, triggered by an “extraordinary volume of user activity.” In a statement on X, the team disclosed that Scavenger Mine systems are experiencing high loads, causing valid submissions to appear as invalid.

Ripple announced a $500 million strategic investment at a $40 billion valuation, led by major institutional investors including Fortress Investment Group, Citadel Securities, and Pantera Capital.

Bitcoin must hold above its 200-week EMA, await Fed's stealth QE, and see US liquidity return post-shutdown to avoid a deeper bear market.

Crypto fintech company Ripple announced a $500 million strategic investment on Wednesday, at a $40 billion valuation.

The firm, whose founders helped created cryptocurrency XRP, said that funds managed by affiliates of Wall Street giants Citadel Securities, Fortress Investment Group, and Brevan Howard took part in the raise.

XRP's price was trading slightly higher on Wednesday morning New York time, at $2.28 per coin. The coin surged to a new all-time high mark of $3.65 in July after breaking a seven-year-old record, fueled by regulatory optimism and plans for U.S. spot exchange-traded funds tracking the cryptocurrency.

"This investment isn’t just validation of Ripple’s growth strategy and business built on the foundation of XRP, but also a clear bet on what the future of crypto will look like," Ripple CEO Brad Garlinghouse wrote on X. "I’m very proud of what we’ve built, and all that’s to come."

Editor's note: This is a breaking news story and will be updated. 

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The Decred price prediction for 2025 is being discussed more frequently due to a bullish rise following the Fed rate cut, which has turned DCR firmly bullish as the once-overlooked governance-focused cryptocurrency makes a strong comeback in Q4. 

Following its official statement on November 4th, highlighting its proven decentralized governance model, DCR crypto surged over 150% in a day, signaling renewed investor confidence in privacy and governance-driven assets.

But the question remains: will this rally sustain itself and target $100 or higher, or will it succumb to bearish dominance due to frustrated investors’ portfolios’ lack of gains?. This also raises another key question: Will DCR crash due to the exit of liquidity from investors who are seeking high returns? Let’s discuss what has happened and what could happen next in the Decred price prediction article.

Governance and Privacy Drive Decred’s Sharp RevivalFollowing the Fed’s recent rate cut, the Decred price remained strongly bullish this week in November, reflecting a notable rebound driven by renewed recognition of its governance strength.

The official Decred account reposted a 2018 statement from Cathie Wood, who had praised the project’s ability to address Bitcoin’s structural challenges through robust governance. 

Decred has proven that decentralized governance and privacy can work in practice. Stakeholders have voted on everything from consensus changes to treasury spending.

True on-chain governance without a central authority. https://t.co/1LFdO9J0t3

— Decred (DCR) (@decredproject) November 4, 2025 The post at times like these acted as a catalyst for DCR/USD, which mentioned that it has successfully demonstrated “true on-chain governance without a central authority,” as stakeholders have voted on everything from consensus rules to treasury allocations.

This reaffirmation of Decred’s governance model reignited investor sentiment, pushing the Decred price from $27 to $70 within a single day, from November 3rd to November 4th, marking a massive 150% surge. 

The move also coincided with an uptick in other privacy coins like DASH/USD, XMR/USD, and ICP/USD, suggesting that Q4 2025 could be shaping up as a privacy coin-driven cycle after exchanges dominated Q3.

From Long Dormancy to Explosive GrowthFollowing its all-time high of $250 in 2021, Decred had seen a prolonged decline as investor interest shifted toward narratives like real-world assets (RWA), gaming, and AI. 

However, its resurgence in November signals a changing market tide. After rising recently from a low of $16 on November 1st, DCR crypto skyrocketed 340%, breaking through key resistance levels at $25 and $50, and eventually peaking at $70.

Interestingly, this explosive rally occurred despite a broader market downturn caused by uncertainty surrounding the Federal Reserve’s December rate cut decision. As Bitcoin dipped below the $100,000 mark and major altcoins faced sharp corrections, capital began rotating into privacy-focused assets like Decred crypto, seen as safer bets amid regulatory unease and market volatility.

Profit Booking and Key Levels to WatchHowever, today when writing, this rapid ascent was followed by a wave of profit-taking, as long-term holders who had been underwater since 2021 used the rally as an exit opportunity.

Consequently, Decred price chart data shows that DCR crypto has retraced from $70 to $40, losing nearly 40% of its weekly gains. 

However, even at current levels, the token maintains over 130% gains from its November low that’s indicating persistent buying pressure and growing market conviction.

If bulls manage to defend the $32 support zone, a renewed push toward $70 remains possible in the near term. Sustained accumulation and favorable sentiment could even propel the Decred price forecast toward $100 by year-end, further strengthening the long-term outlook for Decred price prediction 2025. 

However, if $32 fails to hold, the next potential support lies near $25, marking a 65% retracement from recent highs.

Additionally, The technical indicators show current market growth. The EMA bands supported the rally, the Awesome Oscillator indicated a strong bullish move, and the RSI approached an overheated level near 90, affirming this trend. However, the high RSI suggests a potential decline or consolidation to cool off. 

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In a striking turn of events, Bitcoin miners are no longer just validating blocks — they're powering America's AI revolution. Once criticized for massive energy consumption and market volatility, these miners are now redefining their role by leveraging their energy-intensive infrastructure to support artificial intelligence workloads.

XRP’s market dominance climbs from 3.8% to 4% even as prices drop, signaling investor preference amid declining altcoin momentum.On-chain data shows a surge in withdrawing addresses, suggesting accumulation and reduced exchange supply despite bearish trends.XRP holder count grows by 8,000 in a month, fueled by ETF filings and legal recognition in India, showing sustained investor confidence.XRP investors may be facing a difficult period as their portfolios show little improvement in November. However, several data points reveal positive signals that contradict the token’s bearish price action.

These divergences suggest that XRP remains one of the top choices among retail investors seeking to protect their portfolios amid the unpredictable volatility of late 2025.

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XRP Dominance Rises While Price FallsA divergence occurs when two related indicators move in opposite directions. It often reveals underlying dynamics that are not immediately visible.

The first notable divergence appears between XRP’s price and its market dominance (XRP.D), which represents XRP’s share of the total crypto market capitalization.

XRP Prive vs XRP Dominance. Source: TradingViewTradingView data shows XRP’s price has been forming lower lows over the past month. Meanwhile, XRP.D has been trending upward during the same period.

Currently, XRP.D stands at 4%, up from 3.8% last month. This rise suggests that investors may be shifting their focus to XRP as many altcoins lose momentum.

A Q3 2025 report from Kaito Research ranked XRP alongside Ethereum (ETH), trailing only Bitcoin across six key metrics: Volume, Liquidity, Market Capitalization, Market Availability, Maturity, and Custody Availability.

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“Bitcoin achieves a perfect 100/100 score, and ranks as the only AAA-rated asset. ETH and XRP tied for second place with scores of 95,” investor Crypto Eri ~ Carpe Diem said.

Exchange Withdrawing Addresses SurgeThe second divergence appears in on-chain data: XRP’s price continues to fall, but the number of withdrawing addresses has surged.

According to CryptoQuant, since July, the price of XRP has dropped from above $3.50 to $2.20. Yet, the 30-day average number of withdrawing addresses has increased from under 1,000 to over 2,500.

Instead of panicking and sending XRP to exchanges for selling, many investors are withdrawing their tokens from exchanges. This move signals long-term commitment and makes the circulating supply on exchanges more scarce.

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XRP Exchange Withdrawing Addresses (Binance). Source: CryptoQuant.A recent report from BeInCrypto revealed that 300 million XRP were withdrawn from Binance in the past month. In November, XRP reserves on Binance continued to hit new lows.

Earlier in 2025, a similar rise in withdrawing addresses coincided with XRP’s upward price movement. This pattern suggests that the current fear-driven sentiment might be masking the token’s underlying strength.

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XRP Holders IncreaseThe third divergence suggests that XRP’s price is decreasing while the number of holders is increasing.

Data from CoinMarketCap reveals that over the past month, XRP’s price has dropped from above $3 to $ 2.20, but the number of holders has increased by over 8,000.

XRP Holders. Source: CoinMarketCap.This trend suggests that many investors view the price decline as an opportunity to accumulate XRP at better valuations.

Recent positive developments may have encouraged this sentiment. Both Franklin Templeton and Grayscale Investments submitted amended filings to the US Securities and Exchange Commission (SEC) for proposed XRP exchange-traded funds (ETFs). Additionally, the Madras High Court in India recognized XRP as a legal asset, granting it protection under criminal law.

These diverging signals indicate that many XRP investors remain confident despite the broader market’s fearful mood. Confidence alone does not guarantee success, but what matters more is having a clear capital protection strategy when the market moves against expectations.

Disclaimer

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Key Notes
Crypto experts highlight ASTER token’s “insane relative strength” and potential breakout toward $2.80.CZ’s repeated ASTER buys boost sentiment, with the Binance founder purchasing over $2 million worth of tokens in recent days.BNB-based decentralized exchange (DEX) has emerged as a strong competitor to dominant players like Hyperliquid.
ASTER, the native token of the decentralized exchange (DEX) Aster, has staged a strong rally, gaining 13% over the last 24 hours. The ASTER token price is on a strong run, rising past $1.0, soon after Binance founder Changpeng Zhao announced he would buy the dips. If bulls defend this support, experts are predicting a parabolic rally ahead.

ASTER Token Price Setting Stage for Parabolic Rally
Crypto analyst Ardi highlighted ASTER’s notable performance amid broader crypto market weakness. According to the analyst, ASTER token has successfully recaptured key support at $1, demonstrating “insane relative strength” compared to the overall crypto market.

ASTER Token Price Reclaims $1.0 | Source: TradingView

Ardi noted that bulls managed to break through multiple resistance zones and maintain momentum. The latest rally comes as Binance founder Changpeng Zhao (CZ) has once again spoken about buying the dips.

BNB Chain-based decentralized exchange Aster has emerged as a strong competitor to Hyperliquid. It has also received special support from Changpeng Zhao in recent weeks.

Another crypto analyst, Captain Faibik, also shared his bullish take on ASTER Token. While sharing a multi-week descending wedge pattern, Faibilik highlighted that a breakout from here could trigger a significant rally to $2.80. The projected target represents approximately 165% upside from current levels around $1.06.

$ASTER is Getting Ready for massive Bullish Rally so don't miss the RIDE..📈#Crypto #ASTER #AsterDex pic.twitter.com/dReYICc0ov

— Captain Faibik 🐺 (@CryptoFaibik) November 5, 2025

Today’s ASTER token price surge is accompanied by a 10% increase in daily trading volume, to $1.5 billion. This shows strong bullish sentiment among traders, as the ASTER futures open interest has also surged 4% to $567 million, according to Coinglass data.

Binance Founder Changpeng Zhao Buys ASTER Dips
A day before, on November 4, Binance founder Changpeng Zhao (CZ) announced buying the ASTER price dips, when the token was trading at $0.80. This was his second purchase within a week’s time after buying more than $2 million worth of the DEX altcoin over the past weekend. These big purchases come after CZ denying allegations of selling 35 million ASTER tokens last week.

After CZ’s initial purchase, ASTER surged to $1.25 before facing strong resistance and dropping nearly 30% amid a broader crypto market sell-off. The downturn coincides with heavy liquidations across major digital assets.

Zhao shared a lighthearted post on X reflecting on his track record of poorly timed market entries. He wrote:

“Every time I buy coins, I get stuck in a losing position, 100% record. In 2014, I bought BTC at an average price of $600, and it dropped to $200 within a month, lasting for 18 months. In 2017, I bought BNB, which also dropped 20-30%, lasting for a few weeks. This time… who knows.”

Bitcoin Hyper Fundraise Approaches $26 Million
Another possible next 1000x crypto to watch now is a layer-2 project Bitcoin Hyper (HYPER) is making noise as it approaches $26 million in fundraising. It is a next-generation Layer 2 network built to enhance Bitcoin’s scalability and efficiency.

The project aims to deliver faster, cheaper transactions through an advanced virtual machine while maintaining Bitcoin’s underlying security and trust. Early investors in the HYPER presale can stake their tokens to earn an annual yield of 46%. Currently priced at $0.01325, HYPER offers discounted entry ahead of its next scheduled price increase.

Presale Highlights:

Ticker: HYPER.
Current Price: $0.013225.
Funds Raised: $25.9 million.

The strong presale momentum underscores growing demand for Bitcoin Layer 2 solutions as investors look for scalable infrastructure that complements the Bitcoin ecosystem.

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

Bitcoin treasury sell sparks panic, Bitcoin price prediction hints at a potential trend reversal or last dip before liftoff.

Key NotesXRP defends the critical $2 support amid renewed buying pressure.Analyst Egrag Crypto forecasts a potential $10 price target for the crypto token.Technical indicators show mixed signals but hint at building momentum.
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After a volatile start to November, XRP has stabilized above the key $2 support zone, sparking optimism across the community. At the time of writing, the fourth-largest cryptocurrency trades around $2.21.

$2! ✔️ https://t.co/j8xAKWrY9f

— Ali (@ali_charts) November 5, 2025

According to CoinMarketCap data, XRP saw a 25% daily increase in its 24-hour trading volume on November 5. This suggests renewed trading activity around the $2 accumulation range.

Analyst Suggests Explosive Upside Potential
Popular crypto analyst Egrag Crypto stated on X that XRP could be on the verge of a historic breakout, provided it sustains levels above $1.94. The analyst noted that XRP is currently consolidating in what he calls “one of the most powerful accumulation zones” seen in years.

#XRP – Micro Wick 1 ($10) & Macro Wick 2 ($50):

First of all, imagine waking up after a market bloodbath 😤 and still writing this post with zero fear 😎, because on the higher timeframes, nothing has changed! It’s just your emotions playing games on you.

📖 Step 1: Read This… pic.twitter.com/LrlZf5eMB9

— EGRAG CRYPTO (@egragcrypto) November 5, 2025

Egrag outlines two major potential price targets for XRP. The first projects a measured move toward $10, corresponding to a bull flag pattern. He hinted that investor patience during the ongoing accumulation phase could yield big gains.

The second points to a bigger target of $50. According to Egrag, this projection is based on the principle of market symmetry. He explained that just as Binance’s past wick to $0.77 was later balanced, Gemini’s August wick to $50 could eventually be “filled” in a future cycle.

XRP Price Outlook: $3.20 Ahead?
On the daily XRP chart, the Bollinger Bands have widened, indicating growing volatility. The price appears to be attempting to rebound from the lower band near $2.10. However, a drop below $1.94 would invalidate the bullish setup and risk a deeper retracement toward $1.60.

XRP price chart with RSI and Bollinger Bands | Source: TradingView

The RSI is hovering near 35, suggesting mildly oversold conditions that lead to a short-term bounce. If XRP manages to sustainably close above the mid Bollinger Band (20-day SMA) at $2.45, it could see renewed bullish momentum.

Meanwhile, the MACD histogram is negative but flattening, suggesting bears could lose if broader crypto market sentiment turns bullish. Traders should watch for resistance levels around $2.80 and $3.20.

XRP price chart with MACD | Source: TradingView

Maxi Doge Nears $4M Presale Milestone
While XRP stablizes above $2, Maxi Doge (MAXI) is rapidly gaining traction in November. This fitness-themed cryptocurrency fuses the high-energy world of gym culture with the fast-moving spirit of bull-market trading. The project is close to completing the $4 million milestone in its ongoing presale.

Last year, several meme coins went from being complete unknowns to becoming major viral successes. According to industry experts, a similar trend is unfolding this year, and many believe Maxi Doge is one of the best early-stage meme coin this season.

Billed as the meme coin with “more drive, muscle, and meme power” than any other, Maxi Doge channels the same unstoppable energy that propelled Dogecoin (DOGE) to fame in 2021.

However, while Dogecoin has since taken on a more corporate identity, the raw, underdog energy seems to have faded. Maxi Doge aims to revive that original spirit while adding strong fundamentals.

MAXI holders enjoy an active community experience. They can take part in high-energy trading discussions, weekly contests, and themed challenges that keep engagement levels high.

The project is supported by the Maxi Fund, a pool designed to provide liquidity and forge strategic partnerships. Early investors are also offered a 78% annual staking reward, encouraging long-term commitment and growth within the community.

Presale Snapshot of Maxi Doge

Ticker: MAXI
Current Price: $0.0002665
Funds Raised: $3.9 million

Those interested in joining the presale can refer to the official guide on how to buy Maxi Doge for step-by-step instructions.

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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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.

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Dinari Taps Chainlink to Tokenize S&P DJI's Upcoming Crypto Market IndexThe S&P Digital Markets 50 Index tracks a basket of blockchain-focused stocks and digital assets; Chainlink will provide crucial data to support a tokenized version. Nov 5, 2025, 1:00 p.m.

Tokenized equity specialist Dinari is tapping oracle network Chainlink LINK$14.95 for pricing data to bring the S&P DJI's upcoming crypto-focused index onchain, the firms told CoinDesk on Wednesday.

The S&P Digital Markets 50 Index will track 35 public companies involved in blockchain tech and 15 top cryptocurrencies. Dinari will create a token of the index using its "dShares" offering, allowing investors to gain exposure to traditional financial (TradFi) and crypto markets through a single digital asset. Each dShare is backed 1:1 with the underlying stock and held by a regulated custodian, preserving rights such as dividends and redemptions.

STORY CONTINUES BELOW

While S&P DJI is not backing the token itself, the index provider confirmed that Chainlink’s integration ensures the data powering it meets standards for transparency and reliability.

Chainlink’s will use its decentralized oracle network to ensure the index reflects up-to-date market performance directly on blockchain protocols. Oracles are services which supply blockchains with information from the real world that may be required to inform blockchain programs like smart contracts.

"By powering the S&P Digital Markets 50 Index, Chainlink is enabling one of the first indexes to operate onchain with verifiable, real-time index data that spans both traditional and digital assets," Fernando Vazquez, president of capital markets at Chainlink Labs, said in a statement.

The initiative fits into a broader trend of bringing TradFi instruments such as bonds, funds and equities, often called real-world assets (RWA), onto blockchain rails.

RWA platform Centrifuge unveiled in September what it called the first licensed S&P 500 index fund onchain, SPXA, traded on Coinbase’s Base network and managed by Janus Henderson and Centrifuge’s Anemoy.

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A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.

What to know:

In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:

Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.View Full Report

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The exchange founded by Cameron and Tyler Winklevoss has discussed unveiling products in this area as soon as possible, according to a report on Tuesday.

What to know:

Cryptocurrency exchange Gemini (GEMI) is planning a move into the prediction market sector.Gemini, which became a publicly traded company on the Nasdaq Global Select Market in September, is eyeing a move into an industry that has gained considerable traction in the last year.Prediction markets contracts are classed as a form of derivatives as their value is derived from the outcome of a future event. Read full story

Crypto pundit Jack has drawn attention to a valuation model that puts the XRP price at $18,000. This is based on the discounted cash flow model, which focuses on the XRP Ledger’s utility and XRP’s role as the native token. 

Valuation Model That Puts The XRP Price At $18,000
In an X post, Jack revealed that the discounted cash flow model puts the XRP price’s fair value at $18,036. He noted that the world is racing into tokenization and that the momentum is unstoppable. Based on this, he predicts that trillions of dollars in capital could flow into the XRP Ledger, powered by real-world assets (RWAs). 

The valuation model showed that the XRP Ledger may be viewed as a “pipeline of value,” in which the value passing through the network can be thought of as cash flow in a traditional business system. This could then boost XRP’s utility, potentially putting the XRP price at $18,000. 

Source: Chart from Jack on X
Interestingly, there is also the possibility of the XRP price’s fair value being higher than $18,000 based on this discounted cash flow model. This could happen if economic growth rates are higher once crypto adoption spurs new businesses and economic models. These new businesses and economic models could lead to increased adoption for XRP and a subsequent price increase. 

Notably, crypto adoption, especially in traditional finance (TradFi), has been on the rise, boosting XRP’s adoption. This includes the launch of several XRP ETFs, which marks a positive for the XRP price. Meanwhile, Ripple has expanded its business with the surge in crypto adoption. This includes the acquisition of the prime broker Hidden Road, with the crypto firm already exploring how to include XRP products on the platform. 

Community Reacts To Price Prediction
The valuation model for the XRP price sparked reactions among XRP community members. Community member XR noted that valuation models project extreme prices that often rely on perfect conditions that rarely exist. The community member added that tokenization on the XRPL may indeed bring large capital inflows, but asserted that it won’t dictate real value. 

Instead, XR declared that adoption, regulation, and liquidity depth will determine the real value of the XRP price. The community member further remarked that sustainable growth will always follow verified utility. 

Meanwhile, another community member stated XRP might not necessarily be used for the transactions even if trillions get transacted on the XRP Ledger. They added that XRP will be used to pay gas fees, but it won’t be the currency used for transactions. As such, trillions flowing into the XRPL may not have much impact on the XRP price.

At the time of writing, the XRP price is trading at around $2.2, down over 4% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.21 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com

World Liberty Financial (WLFI) entered the market, promising to bridge the gap between traditional banking infrastructure and decentralized finance. The protocol’s structure centers on USD1, a stablecoin backed 1:1 with US dollar reserves, and WLFI, the governance token controlling upgrades, treasury decisions, and incentives. Using Chainlink’s CCIP for cross-chain transfers, WLFI spans Ethereum, Solana, and BNB Chain, promoting institutional access to DeFi without requiring users to abandon regulatory frameworks.

This hybrid model has captured attention across both political and financial circles. WLFI partners with custodians such as BitGo for reserve transparency and positions its stablecoin as a compliance-ready settlement instrument. However, it has also faced skepticism due to its close ties to Trump-linked business entities — a connection that lends the project visibility, yet complicates its claim of decentralized governance. Analysts note that the concentration of branding and governance creates tension between institutional safety and the open principles of decentralized finance.

Centralization Risks Behind Institutional Partnerships
WLFI’s institutional reach has helped it secure participation in major deals, including Abu Dhabi’s MGX reportedly using USD1 for a $2 billion Binance settlement. The move strengthens its credibility among regulated participants, but the underlying structure reveals limits. Roughly 80% of tokens remain locked, with community unlocks subject to governance votes heavily influenced by founding wallets. The team’s documented connections to political figures — particularly the Trump family — amplify concerns over centralization and selective influence.

These contradictions stress a growing divide inside DeFi. While WLFI markets inclusivity and accessibility, its power structure reflects the same hierarchical decision-making that decentralized systems were meant to avoid. Governance participation remains dependent on token weight rather than user contribution, and the stablecoin itself relies on custodial assurance rather than algorithmic transparency.

As investors reassess the trade-off between compliance and decentralization, projects that verify integrity through open data, rather than institutional endorsement, are attracting attention — notably XRP Tundra, whose dual-chain architecture builds decentralization into its foundation.

XRP Tundra’s Transparent Dual-Chain Design
Unlike hybrid financial protocols built around custodial reserves, XRP Tundra functions entirely on-chain across the XRP Ledger (XRPL) and Solana networks. The system operates under a dual-token structure: TUNDRA-S powers liquidity and staking utility, while TUNDRA-X governs treasury and protocol decisions. This separation eliminates concentration risk, allowing users to participate in governance without exposure to liquidity volatility.

The project’s ongoing presale, currently in Phase 9, offers TUNDRA-S at $0.147 with an 11% bonus, and a reference price of $0.0735 for TUNDRA-X. More than $2 million has been raised to date, alongside $32,000 in Arctic Spinner rewards distributed to participants.

Each phase of the sale publishes its parameters in advance, with all allocations visible through verifiable transaction logs. This transparency is precisely what many analysts, including Ben Crypto in his presale review, identify as the new benchmark for credible DeFi launches — one where documentation and audit trails replace political or celebrity endorsement.

Audited and Verified by Independent Firms
XRP Tundra’s governance and yield mechanics operate under a full suite of third-party verification. Independent audits by Cyberscope, Solidproof, and FreshCoins confirm the integrity of the smart-contract architecture, while Vital Block KYC validates the developers’ corporate identities.

At launch, TUNDRA-S holders will access Cryo Vaults — audited staking contracts yielding up to 20% APY. The system’s parameters, including lock durations and fee schedules, are hard-coded and transparent, allowing rewards to accrue algorithmically rather than through centralized treasury decisions. This model directly contrasts WLFI’s board-controlled governance, ensuring that network rules cannot shift with political or institutional agendas.

Decentralization as the Only Sustainable Path
WLFI demonstrates how hybrid models can attract institutional liquidity but also how easily central control can re-enter decentralized markets. Its USD-backed design delivers stability through custody — yet that very safeguard depends on trust in a few entities. XRP Tundra reverses that dependency. Every token movement, staking yield, and governance vote occurs on-chain, audited, and accessible to the public.

The philosophical contrast defines where DeFi may be heading next: transparency measured by code, not by partnerships. As regulated hybrids blur the line between banking and blockchain, ecosystems like Tundra show that decentralization and compliance are not mutually exclusive — provided verification replaces branding as the source of trust.

Explore a verified alternative to centralized finance models. Secure your Phase 9 allocation before listing.

Check Tundra Now: official XRP Tundra website

How to Grab Tundra: step-by-step guide

Security and Trust: FreshCoins audit

Join the Community: X (Twitter)

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and to do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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A new quantum countdown website projects a two– to three-year window for quantum computers to break widely used public key cryptography, placing Bitcoin within its scope.

Sites like The Quantum Doom Clock, operated by Postquant Labs and Hadamard Gate Inc., package aggressive assumptions about qubit scaling and error rates into a timeline that spans the late 2020s to early 2030s for a cryptographically relevant quantum computer.

This framing doubles as product marketing for post-quantum tooling, but you need to read the fine print to notice that disclosure.

According to the Quantum Doom Clock, recent resource estimates that compress logical-qubit counts, combined with optimistic hardware error trends, suggest that the required physical-qubit class for breaking ECC falls into the few-million range under favorable models.

The clock’s presets rely on exponential hardware growth and improving fidelity with scale, while runtime and error-correction overheads are treated as surmountable on a short fuse.

Government standards bodies are not treating a 2027 to 2031 break as a base case.The U.S. National Security Agency’s CNSA 2.0 guidance recommends that National Security Systems should complete their transition to post-quantum algorithms by 2035, with staged milestones before then, a cadence echoed by the UK National Cyber Security Centre.

This requires identifying quantum-sensitive services by 2028, prioritizing high-priority migrations by 2031, and completing them by 2035.

The policy horizon serves as a practical risk compass for institutions that must plan capital budgets, vendor dependencies, and compliance programs, implying a multi-year migration arc rather than a two-year cliff.

Laboratory progress is real and relevant, yet it does not exhibit the combination of scale, coherence, logical gate quality, and T-gate factory throughput that Shor’s algorithm would require at Bitcoin-breaking parameters.

According to Caltech, a neutral-atom array with 6,100 qubits has reached 12.6-second coherence with high-fidelity transport, an engineering step toward fault tolerance rather than a demonstration of low-error logical gates at proper code distances.

Google’s Willow chip work highlights algorithmic and hardware advances on 105 qubits, claiming exponential error suppression with scale on specific tasks. Meanwhile, IBM has demonstrated a real-time error-correction control loop running on commodity AMD hardware, which is a step toward systems plumbing fault tolerance.

None of these set pieces removes the dominant overheads that prior resource studies identified for classical targets like RSA and ECC under surface code assumptions.

A widely cited 2021 analysis by Gidney and Ekerå estimated that factoring RSA-2048 in about eight hours would need roughly 20 million noisy physical qubits at around 10⁻³ physical error rates, underscoring how distillation factories and code distance drive totals more than raw device counts.

For Bitcoin, the earliest material vector is key exposure on-chain rather than harvest-now-decrypt-later attacks against SHA-256. According to Bitcoin Optech, outputs that already reveal public keys, such as legacy P2PK, reused P2PKH after spend, and some Taproot paths, would become targets once a cryptographically relevant machine exists.

At the same time, typical P2PKH remains protected by hashing until it is spent. Core contributors and researchers track multiple containment and upgrade paths, including Lamport or Winternitz one-time signatures, P2QRH address formats, and proposals to quarantine or force rotation of insecure UTXOs.

Proponents behind BIP-360 claim that more than 6 million BTC are held in quantum-exposed outputs across P2PK, reused SegWit, and Taproot, which is best understood as an upper bound from advocates rather than a consensus metric.

The economics of migration matter as much as the physics.With NIST now finalizing FIPS-203 for key encapsulation and FIPS-204 for signatures, wallets and exchanges can implement the chosen family today.

According to NIST FIPS-204, ML-DSA-44 has a 1,312-byte public key and a 2,420-byte signature, which are orders of magnitude larger than those of secp256k1.

Under current block constraints, replacing a typical P2WPKH input witness with a post-quantum signature and public key would increase the per-input size from tens of virtual bytes to multiple kilobytes. This would compress throughput and push fees higher unless paired with aggregation, batch-verification-friendly constructs, or commit-reveal patterns that move bulk data off hot paths.

Institutions with many exposed-pubkey UTXOs have an economic incentive to de-expose and rotate methodically before a scramble concentrates demand into a single fee spike window.

The divergences between a marketing-aggressive clock and institutional roadmaps can be summarized as a set of input assumptions.

Recent papers that reduce logical-qubit counts for factoring and discrete log problems can make a few-million physical qubit target appear closer, but only under assumed physical error rates and code distances that remain beyond what labs demonstrate at scale.

The mainstream lab view reflects stepwise device scaling where adding qubits can erode quality, with a path toward 10⁻⁴ to 10⁻⁵ error rates as code distance grows.

A conservative read places material limits, control complexity, and T-factory throughput as rate limiters that extend timelines into the 2040s and beyond, absent breakthroughs.

The policy drumbeat to complete migrations by 2035 aligns more with the stepwise and conservative cases than with exponential hardware trajectories.

CaseHardware and error pathPhysical qubits for ECC-256*Earliest windowPrimary sourcesMarketing-aggressiveExponential qubit growth, ≤10⁻³ errors improving with scaleFew millionLate-2020s to early-2030sQuantum Doom ClockMainstream labStepwise scaling, error reduction with code distanceMany millionsMid-2030s to 2040sCNSA 2.0, UK NCSCConservativeLogistic growth, slower fidelity gains, factory bottlenecksTens of millions+2040s to 2050s+Quantum Doom Clock*Totals depend on surface code distance, logical gate error targets, and T-gate distillation throughput. See Gidney and Ekerå (2021).

Forward-looking markers to watch are concrete.Peer-reviewed demonstrations of long-lived logical gates, not only memory, at code distance around 25 with sub-10⁻⁶ logical error rates.Practical T-gate distillation factories that deliver throughput for algorithms with 10⁶-plus logical qubits.Bitcoin Improvement Proposals that advance post-quantum signature pathways from prototype to deployable standard, including formats that keep bulk artifacts off the hot path.Public commitments by major exchanges and custodians to rotate exposed outputs, which would distribute fee pressure across time.The Doom Clock’s utility is narrative, compressing uncertainty into urgency that funnels to a vendor solution.

The risk compass that matters for engineering and capital planning is anchored by NIST standards now finalized, government migration deadlines around 2035, and the lab milestones that would mark real inflection points for fault tolerance.

According to NIST’s FIPS-203 and FIPS-204, the tooling path is available today, which means wallets and services can start de-exposing keys and testing larger signatures without accepting a two-year doomsday premise.

Bitcoin’s hash-then-reveal design choices already delay exposure until spending time on common paths, and the network’s playbook includes multiple rotation and containment options when credible signals, not vendor clocks, indicate it’s time to proceed.

It is, however, worth remembering that when quantum computers make Bitcoin’s cryptography vulnerable, other legacy systems are also exposed. Banks, social media, finance apps, and much more will have backdoors left wide open.

Societal collapse is a bigger risk than losing some crypto if legacy systems are not updated.

For those who argue that Bitcoin upgrades will be slower than those of banks, etc., remember this, some ATMs and other banking infrastructure around the world still run on Windows XP.

TL;DR:

Bitcoin rebounded above $100K after falling below $99K, its lowest in five months.
ASTER and HYPE led the altcoin recovery with 6-7% daily gains.
The total crypto market cap recovered to $3.45T after losing $400B in two days.

After a bruising two-day selloff that erased nearly $400 billion from the global crypto market, Bitcoin and select altcoins are showing signs of life. The flagship cryptocurrency rebounded above $100,000, while ASTER and HYPE unexpectedly led a mini altcoin recovery, breaking through market pessimism that had begun to settle in.

Bitcoin’s swift drop tests market confidence
Bitcoin fell to its lowest level in five months, sliding under $99,000 before bouncing back above $101,000. The fall followed a week of volatility after the U.S. Federal Reserve’s interest rate cut triggered a wave of uncertainty. BTC had recently tested the $116,000 resistance but failed to hold above it, leading to sharp sell pressure that accelerated on Monday and Tuesday. Analysts briefly questioned whether this marked the start of a new bear market, yet bulls stepped in to defend the $100K line, hinting that sentiment remains cautiously optimistic.

Ethereum erased all its 2025 gains during the rout, plunging from $3,900 to below $3,200 before a mild rebound to $3,300. Other large caps like XRP, BNB, SOL, DOGE, ADA, LINK, BCH, and XLM also saw red across daily charts, reflecting broad market pain. Amid the losses, ASTER and HYPE defied the trend, each surging between 6% and 7% overnight. Their rallies suggest selective investor appetite is returning to smaller tokens that had previously lagged behind during Bitcoin’s dominance-driven months.

The total crypto market cap rebounded to $3.45 trillion, offering short-term relief after dropping from its weekly highs. Bitcoin’s dominance increased to 58.6%, underscoring its strength as capital rotated from altcoins into safer digital assets. While sentiment remains fragile, the sudden bounce from ASTER and HYPE highlights a potential turning point where traders cautiously re-enter the market following extreme volatility.

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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors fall another 2-5% but begin to recover; BTC at $102,300
Mando vs KBM bet resolves as Bitcoin briefly slips below $100k
ZKsync shares plans for ZK token utility, pumps 25%
Gemini shares plans to launch a prediction market
Sequans DAT sells $100M in Bitcoin, becomes latest DAT seller
📉 Bitcoin Breaks $100K for First Time Since MayBitcoin finally cracked below $100,000 for the first time since summer.

But beneath the carnage, there are reasons for optimism.

📌 What Happened

BTC dropped ~6% on Tuesday to dip just under $100K, triggering a wave of over $2B in long liquidations across exchanges.

The sell cascade resolved one of the longer standing prediction markets on Myriad, with $100k officially hitting before $120k in the now infamous “Mando vs KBM” bet that KBM one (pour one out for the bulls).

Looking down the risk curve, ETH and SOL followed Bitcoin, each down 10–15% with ETH falling below $3,100 and SOL going sub-$150.

Several alts and memes dropped even more, with several down 30-60%+ on the month.

All while sentiment remains in Extreme Fear (thought 2 points higher than Monday).

But (and there is a but) - a recovery is seemingly in the works.

This morning, BTC is back to $102,000 and climbing; ETH is back over $3,340 and SOL is closing in on $160.

🗣️ What They’re Saying

“-38% on ETH from the top so far last cycle after breaking successive ATHs, we saw drawdowns (and recoveries after each one) of: -37% in February ‘21 -23% in April ‘21 -60% in May-July ‘21, -34% in September ‘21 each one was an existential crisis maybe this is the start of the multi-year bear, or maybe people forgot what bull markets feel like” - DCinvestor, on X

🧠 Why It Matters

It’s easy to freak out under these circumstances (and you wouldn’t be alone).

But there are reasons for optimism.

For one, pullbacks like this are common for major crypto assets. Yes the volatility is not fun to endure in the moment, but it is what has historically been the price for outsized gains.

Second, the US government shutdown (a big and growing economic overhang in the US) is showing signs of promise that it may be ending soon.

And the primary macro bull case that has driven this entire cycle is still alive. ETF inflows are ongoing, 401k access is coming, government spending is ever-rising (debasement trade), the US is actively embracing Bitcoin and building in crypto in the United States has never been easier.

Don’t capitulate and let the Bankers steal your Bitcoin…

🌎 Macro Crypto and MemesA few Crypto and Web3 headlines that caught my eye:

Crypto majors are down another 2-5% but recovering after Bitcoin wicked below $100k; BTC -2% at $102,100, ETH -5% at $3,320, BNB -1% at $945, SOL -2% at $157
ZK (+24%), DASH (+12%), ASTER (+12%) and HYPE (+9%) led top movers
Liquidations topped $1.7B on Tuesday as Bitcoin slid below $100k and ETH fell near $3,000
Fear and Greed notched up 2 points to 23 but remains in Extreme Fear
Berachain restarted its chain after a ~day-long shut down following the Balancer exploit, funds returned
Chainlink introduced the Chainlink Runtime Environment (CRE), allowing institutions to deploy smart contracts across multiple blockchains with built-in compliance and legacy finance integration
Gemini plans to launch a prediction market and applied for a DCM license from the CFTC back in May
Marathon Digital (MARA) revenue hit a record in Q3 at ~$252M as they continue expansion into AI compute services
In Corporate Treasuries / ETFs

The Bitcoin ETFs saw $566.4 in net outflows on Tuesday, with ETH seeing $219.4M in outflows
The Solana Bitwise ETFs saw $15M in net inflows keeping the streak going
Sequans (semiconductor manufacturer turned BTC DAT) sold $100M in Bitcoin, becomes latest DAT to begin to unwind
Hut 8 joined the top-10 public BTC treasuries with holdings surpassing 13,000 BTC
Saylor’s STRC hit $100 for the first time on Tuesday
In Memes

Memecoin leaders are mixed after their recent downturn; DOGE -1%, Shiba -2%, PEPE -2%, PENGU even, BONK +1%, TRUMP -1%, SPX +4%, and FARTCOIN +2%
jellyjelly briefly spiked to $500M before retracing nearly 60% to $222M
1 (+80% to $27M) and ALCH (+27% to $70M) were notable movers
💰 Token, Airdrop & Protocol TrackerHere’s a rundown of major token, protocol and airdrop news from the day:

MoonPay partnered with Pump.fun to allow onramping with Revolut, Venmo, Google Pay & PayPal into the Pump app
ZKSync announced utility plans for its ZK token, including buybacks and burns
Timefun announced that it is closing shop and transitioning to a new product (over time), and that anyone with funds on the app should start the process of withdrawing
🚚 What is happening in NFTs?Here is the list of other notable headlines from the day in NFTs:

NFT leaders were mixed but recovering Punks -1% at 35.5 ETH, Pudgy +2.5% at 5.56, BAYC +1% at 5.9 ETH; Hypurr’s +2% at 895 HYPE
Moonbirds +27% and Kodas +15% were notable movers
Cooper Flagg’s first NBA Top Shot Moment (jersey match serial) sold for $14,000 in burned Moments on Tuesday (then resold for $12,500)
NBA Top Shot also introduced an updated marketplace UI with price history, trends, new analytics and more
Virtuals and Pudgy Penguins partnered to introduce Pudgy AI, allowing users to turn any post into tailored Pengu videos with the help of an AI assistant
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

UBS executes the first in‑production onchain subscription and redemption for a tokenized money‑market fund.

Key NotesZKsync (ZK) jumped 91% over the past week amid surging network activity.Blockchain fees spike by 694%, outpacing other Layer 2 networks.ZKsync co-founder proposes major token overhaul to boost economic utility.
ZKsync

ZK
$0.0607

24h volatility:
8.7%

Market cap:
$438.44 M

Vol. 24h:
$494.87 M

, the Ethereum-based Layer 2 governance token, has continued its price rally that began on Nov. 1. At the time of writing, ZK is trading near $0.0611, up 9.5% in the past 24 hours, with a 25% increase in trading volume. 

This sharp rise has pushed the token into the top 100 cryptocurrencies. Its market capitalization has now crossed the $500 million mark after doubling over the last week. The rally comes despite a broader crypto market downturn, highlighting ZKsync’s growing investor interest. 

According to data from Nansen, ZKsync recorded a 694% jump in transaction fees over the past week. This is the fastest fee growth among all blockchains with Arbitrum, another popular Layer 2 network, holding the second spot at a 194% fee increase in the same period.

Chains with the biggest fee growth in the past 7 days:

1️⃣ @ZKsync: +694%
2️⃣ @Arbitrum: +194%
3️⃣ @SeiNetwork:+186%
4️⃣ @LineaBuild: +121%
5️⃣ @Optimism: +117%

Usage is cool.

But revenue is better. pic.twitter.com/rORj3cJF70

— Nansen 🧭 (@nansen_ai) November 5, 2025

ZKsync Token Overhaul to Boost Utility
On Nov. 4, ZKsync co-founder Alex Gluchowski proposed a major overhaul of the ZK governance token.

He explained in a forum post that while the ZK token served its purpose during the network’s early phase, the ecosystem has since evolved into a network of interconnected zero-knowledge chains.

Gluchowski proposed that the updated token model derive its value from onchain sources, such as protocol-native fees generated by interoperability and settlement functions. It should be based on offchain sources, including licensing agreements for enterprise-grade software.

Traders are optimistic that this overhaul could enhance the token’s “economic utility” and long-term demand. This will potentially drive further price gains in the near future, making ZK one of the best penny crypto right now.

What’s Next for ZKsync (ZK) Price?
On the daily chart, ZK price has surged above the mid Bollinger Band, signaling renewed bullish momentum after months of consolidation. The upper band, around $0.0687, acts as the immediate resistance.

ZK price chart with Bollinger Bands and RSI | Source: TradingView

Traders should watch for immediate support around the lower Bollinger Band around $0.0396. 

The RSI currently indicates that buying pressure remains strong but nearing overbought levels. Failure to hold above $0.05 might trigger a pullback toward $0.04. On the other hand, a decisive breakout above $0.07 could lead to further gains toward $0.09.

Adding to market enthusiasm, a recent report from a16z noted that zero-knowledge proof (ZK) systems are becoming “critical” to blockchain privacy and scaling. 

ZK proofs have become critical to blockchain privacy and scaling. pic.twitter.com/omKu6rb03U

— a16z crypto (@a16zcrypto) November 3, 2025

The report highlights that ZK and succinct proof systems are now embedded in rollups and compliance tools. They are now getting integrated in even mainstream web services, such as Google’s ZK-based identity system.

This is likely reinforcing investor confidence across the broader ZK ecosystem, indirectly supporting ZKsync’s recent price rally.

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

At Ripple’s Swell conference in New York, the buzz around an XRP Exchange-Traded Fund (ETF) hit a new peak. Steven McClurg, CEO of Canary Capital, told the audience, “We’re ready to launch the XRP ETF next week.”

If that happens, XRP could soon join Bitcoin and Ethereum in the list of crypto assets with spot ETFs in the U.S., which will be a major milestone for Ripple and its global community.

McClurg: “XRP Ledger Is Competing with Wall Street”McClurg made it clear that XRP’s technology is now challenging traditional finance. 

“The way to think about XRP is to think of it as the XRP Ledger and what that is, is financial rails,” he said. “Think about it as competition for the financial system or competition on Wall Street.”

I liked the ETF session at Ripple Swell.

"Way to think about XRP is to think about the XRP Ledger. It's financial rails. A competitor to Wall Street" pic.twitter.com/KlAaOQPDpl

— Vet 🏴‍☠️ (@Vet_X0) November 4, 2025 He explained that the XRP Ledger (XRPL) acts as modern payment infrastructure that could replace the expensive global remittance system. Many migrant workers still pay 8-15% in transfer fees, and XRPL can bring that cost down drastically.

Read More: Redditors Reveal Hard Truths of Crypto Investing After Years in the Market

ETF Filings Pick Up SpeedCanary Capital isn’t the only one. Franklin Templeton, Bitwise, Grayscale, WisdomTree, and 21Shares have all updated their filings with the U.S. SEC for spot XRP ETFs.

McClurg revealed that Canary used a “no-delay amendment”, which is a faster route under the SEC’s updated rules. This could allow their ETF to go live as early as November 13, and not even be delayed by the government shutdown in the US. 

These filings come as the SEC’s new chair Paul Atkins adopts a more crypto-friendly stance, cutting the usual ETF approval time from 240 days to just 75. Regulatory sentiment in the U.S. is shifting.

Analysts Expect Billions in InflowsMcClurg believes the demand for XRP ETFs will be strong, predicting $5-10 billion in inflows during the first month. Bitwise CIO Matt Hougan expects similar enthusiasm, saying the “XRP Army will smash-buy the ETF.”

Bloomberg’s Eric Balchunas compared the race to a “Cannonball Run”, referring to a rush among issuers to capture investor attention.

Ripple’s Institutional Push Gains MomentumRipple is already positioning itself for an institutional wave. Through projects like Ripple Prime, GTreasury, Rail, and the RLUSD stablecoin, the company is building an ecosystem designed for banks and global payment firms.

Outside the U.S., Canada and Brazil have already seen their first XRP ETFs go live, while seven U.S. filings await approval.

For now, if Canary’s timeline holds, the first U.S. spot XRP ETF could launch within days. Major news for XRP supporters. 

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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Fear & Greed crashed to 21, social media abandoned lofty targets, and the crowd snapped into pure survival mode.

After plunging below $100,000 this week, Bitcoin (BTC) appears to be losing upside traction, raising the risk that the more ambitious 2025-end targets may not be reached this year.

Despite intense short-term volatility, fresh data suggests that the latest price action is not a structural reversal, but “a sentiment-led pullback within an otherwise intact market trend.”

A Sentiment Crash, Not A Network Crash
A sudden collapse in confidence was first flagged when Bitcoin fell below a crucial support level of $107,000. CryptoQuant explained that the Fear & Greed Index fell to 21, and bullish price targets in the $150,000-$200,000 zone disappeared from social feeds.

Google search interest for Bitcoin also cooled significantly after October, and altcoin sentiment reached -81. The analytics platform stated that in crypto, because the market structure is still immature and liquidity is uneven, sentiment always carries outsized price impact.

However, despite Bitcoin’s brief decline below $100,000 on Tuesday for the first time since June, on-chain data shows no major breakdown.

For instance, exchange withdrawals have actually increased, which can reflect more coins moving toward self-custody rather than distressed exits. UTXOs in loss sit around 12%, which is considered high, but still far from historical capitulation levels.

Meanwhile, the network hash rate remains close to 1.1 ZH/s, pointing to strong mining participation. Whale ratio has declined, which helps reduce heavy sell pressure. And $10.7 billion in stablecoins flowed into Binance, which strengthens potential buy-side firepower.

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Additionally, CryptoQuant said that while realized cap trends show long-term holders taking some profit, fresh demand is absorbing it.

Santiment also found that the reaction across social channels has now flipped into outright fear. The Trending Words Dashboard shows that the top rising phrases are overwhelmingly about Bitcoin price levels, with “100K” and “BTC” leading the surge, which proves that the entire retail conversation has shifted from speculative altcoins back to Bitcoin and Ethereum.

Meanwhile, the Trending Stories Dashboard is heavily focused on the Bitcoin break below $100,000 and renewed debates about whether this confirms the beginning of a proper bear market.

Zooming Out
According to Santiment, this is exactly what happens when the crowd starts capitulating – attention pivots to BTC’s survival, not altcoin narratives. Their sentiment-based price range indicator also shows the shift as the $50K-$100K band suddenly spiked with the dip, while Ethereum is seeing fresh calls for sub-$3,000 levels after ETH briefly dropped toward ~$3,090.

The analytics platform observed that this move into extreme negative chatter is important as Tuesday was the third most bearish day for crypto in six months, and historically, the only two more bearish days than this one were both cycle bottoms. Ethereum’s bearish sentiment spike is even worse, second only to the October 10 flash crash.

Most of the altcoins, however, are not even being discussed as retail remained fixated on BTC and ETH. This is a clear fear signal, and this level of FUD has historically proven to be a favorable sign of some upcoming relief.

Tags:

The loan comes shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program after its market-based net asset value fell below one.

Bitcoin has suddenly plummeted under $100,000 per bitcoin, down 20% since hitting an all-time high of $126,000 in early October and despite a looming Federal Reserve game-changer.

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

The bitcoin price rally following U.S. president Donald Trump’s election victory last year has stalled, with Trump issuing a serious China crypto warning this week.

Now, as Tesla billionaire Elon Musk predicts a $38 trillion crisis, one of a wave of almost 200 new bitcoin treasury companies has become the first to sell some of its bitcoin.

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

Forbes‘This Is Crazy’—Elon Musk Issues Serious $38 Trillion U.S. ‘Bankruptcy’ Warning Amid Growing Bitcoin Price Crash FearsBy Billy Bambrough

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Bitcoin has plummeted under $100,000 per bitcoin, with fears growing of a wider bitcoin and crypto market crash.

AFP via Getty Images

New York Stock Exchange-listed chipmaker Sequans has sold almost 1,000 bitcoin to pay off debts.

The bitcoin, sold at a loss for almost $100 million, reduced the Paris, France-based company’s outstanding debt by 50% to $94 million from $189 million.

Sequans’ bitcoin reserves now stand at just over 2,200 bitcoin, worth roughly $240 million, with the sale lowering its debt-to-net asset value (NAV) ratio from 55% to 39%.

"Our bitcoin treasury strategy and our deep conviction in bitcoin remain unchanged," Sequans chief executive Georges Karam said in a statement. “This transaction was a tactical decision aimed at unlocking shareholder value given current market conditions.”

The bitcoin treasury company trend, led by Michael Saylor’s Strategy, has seen hundreds of companies raise money to buy bitcoin and other cryptocurrencies this year.

Bitcoin treasury companies, including the likes of meme stock darling GameStop and the Tokyo-based Metaplanet that’s backed by U.S. president Donald Trump’s sons, now control 1 million bitcoin, worth around $100 billion.

According to Swan Bitcoin chief executive Cory Klippsten, who is responsible for Sequans' treasury strategy, Sequans' private investment in public equity (pipe) deal, "was too leveraged, at nearly 50%," with the deal following the sale of almost 1,000 bitcoin, allowing for “much more flexibility at lower leverage, e.g. for buybacks.”

Sequans’ share price has cratered this year, down around 80%, with a brief spike in July when the company announced it was buying bitcoin immediately falling away.

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Forbes‘This Is A Signal’—U.S. Treasury Secretary Sparks Wild Bitcoin Speculation As Traders Brace For Price ShockBy Billy Bambrough

The bitcoin price has fallen sharply in recent weeks, sparking fears of a broader bitcoin and crypto price crash.

Forbes Digital Assets

The company’s problems are reminiscent of many other bitcoin and crypto treasury companies that have so far almost universally failed to see stock market gains, piling pressure on executives to justify the strategy as raising more capital becomes harder.

Last month, David Duong, head of investment research at Coinbase, warned that bitcoin treasury companies have “ghosted” the market since last month’s “flash crash,” with bitcoin purchases falling to near year-to-date lows over the past two weeks.

“Bitcoin treasury companies have largely ghosted the post-October 10 drawdown and are yet to re-engage,” Duong posted to X.

Companies that have issued debt to buy bitcoin may have no choice but to sell their bitcoin to repay those debts if they’re unable to raise more money, potentially triggering a price cascade as companies rush to sell before others.

Meanwhile, the bitcoin price is already in free fall as traders remain on the sidelines.

“The market is truly searching for a local bottom,” Ray Youssef, former chief executive of Paxful and now CEO of peer-to-peer crypto trading platform NoOnes, said in emailed comments.

“We're seeing a classic exhaustion phase: positive news has no noticeable impact on the price, while any negative news immediately leads to sell-offs. This market behavior indicates weakness in the buying side and a reduced willingness among retail investors to buy on dips.”

Metaplanet executed a $100 million borrowing from its $500 million Bitcoin-backed credit facility to fund additional cryptocurrency acquisitions and expand its options trading business, maintaining conservative collateral ratios despite broader market pressure on digital asset treasury companies.