Market Signal Briefing

XLM's price braces for impact as Chainlink unfolds their $100B TVL powerhouse tools on Stellar.

Lawrence Jengar
Nov 01, 2025 12:52

LINK price holds $17.37 amid quiet trading session, with technical indicators suggesting potential momentum shift as MACD histogram turns positive despite broader consolidation pattern.

Quick Take
• LINK trading at $17.37 (up 1.0% in 24h)
• No major catalysts driving price action in current session
• Testing critical $17.20 pivot point with mixed technical signals
• Following Bitcoin's modest gains amid broader crypto market stability

Market Events Driving Chainlink Price Movement
Trading on technical factors in absence of major catalysts has characterized LINK price action over the past 48 hours. No significant news events have emerged to drive directional momentum for Chainlink, leaving traders focused on technical levels and broader market sentiment.

The modest 0.99% gain reflects the current consolidation phase, with LINK price finding equilibrium near the $17.20-$17.40 range. Volume of $40.7 million on Binance spot market indicates steady but unremarkable institutional interest, typical of periods between major announcements or market-moving events.

Bitcoin's positive performance has provided some underlying support for altcoins including Chainlink, though LINK has shown relative independence from broader crypto moves in recent sessions.

Chainlink Technical Analysis: Consolidation Below Key Averages
Price Action Context
LINK price currently trades below most significant moving averages, with the token sitting $0.36 below the 7-day SMA at $17.73 and $0.44 below the 20-day average at $17.81. More concerning for bulls, Chainlink remains nearly $3 below the 50-day SMA at $20.35, indicating the medium-term trend remains challenged.

However, the proximity to the 200-day moving average at $17.91 suggests LINK price is testing a critical long-term support zone. The relatively tight trading range between $16.77 and $17.46 over 24 hours reflects indecision among market participants.

Volume analysis from Binance spot data shows steady institutional flow without significant accumulation or distribution patterns, typical of consolidation phases.

Key Technical Indicators
The RSI reading of 42.76 places Chainlink in neutral territory, avoiding oversold conditions while lacking the momentum for a sustained rally. This positioning often precedes directional breaks from consolidation patterns.

MACD analysis reveals an intriguing setup for Chainlink technical analysis. While the main MACD line remains negative at -0.7839, the histogram reading of 0.1054 shows early signs of bullish momentum building beneath the surface. This divergence pattern often signals potential trend changes in cryptocurrency markets.

Bollinger Bands positioning shows LINK price at 36.15% of the band width, indicating room for movement in either direction without reaching extreme conditions.

Critical Price Levels for Chainlink Traders
Immediate Levels (24-48 hours)
• Resistance: $18.52 (EMA 26 confluence zone)
• Support: $17.20 (established pivot point from recent trading)

Breakout/Breakdown Scenarios
A break below the $17.20 pivot could trigger selling toward the $15.69 immediate support level, with the lower Bollinger Band at $16.23 providing interim support. Such a move would likely coincide with broader crypto weakness or Bitcoin correlation breakdown.

Conversely, clearing the $18.52 resistance zone could target the 20-day SMA at $17.81, with sustained momentum potentially reaching the $20.19 immediate resistance level where significant selling pressure historically emerges.

LINK Correlation Analysis
Bitcoin correlation remains moderately positive, with LINK price following the broader crypto leader's modest gains. However, Chainlink has shown less volatility than Bitcoin in recent sessions, suggesting either reduced speculative interest or institutional accumulation patterns.

Traditional market influences appear muted for LINK price action currently, with cryptocurrency-specific factors dominating near-term direction. The absence of major traditional market stress has allowed crypto assets to trade on technical rather than macro fundamentals.

Sector peer performance shows Chainlink maintaining relative stability compared to other oracle tokens and DeFi infrastructure plays.

Trading Outlook: Chainlink Near-Term Prospects
Bullish Case
A sustained move above $18.50 resistance could trigger momentum buying toward the $20.19 level, particularly if accompanied by increased volume above the recent $40-50 million daily average. The positive MACD histogram supports this scenario if broader crypto sentiment remains constructive.

Bitcoin strength above key resistance levels would likely provide additional tailwinds for LINK price appreciation.

Bearish Case
Failure to hold the $17.20 pivot point risks accelerated selling toward $15.69 support, with the 52-week low at $10.93 representing extreme downside risk in adverse market conditions. RSI approaching oversold levels below 30 would signal capitulation phases.

Broader crypto market weakness or Bitcoin correlation breakdown represents the primary near-term risk factor.

Risk Management
Conservative traders should consider stop-losses below $16.80 to limit downside exposure, while position sizing should account for the current ATR of $1.41 suggesting continued volatility. Long positions benefit from staged entry near current levels with additional buying planned near $16.50 support if reached.

Image source: Shutterstock

link price analysis
link price prediction

Peter Zhang
Nov 01, 2025 13:04

Bitcoin Cash trades at $555.80 after testing key $570 resistance, with BlackRock's $28.1B Bitcoin ETF inflows highlighting institutional demand for digital assets amid Fed uncertainty.

Quick Take
• BCH trading at $555.80 (up 0.2% in 24h)
• BlackRock-led Bitcoin ETF inflows of $26.9B boosting crypto sentiment
• Bitcoin Cash testing critical $570-571 resistance zone
• Market consolidation ahead of Fed rate decision creating cautious trading

Market Events Driving Bitcoin Cash Price Movement
Bitcoin Cash is navigating a confluence of institutional momentum and macro uncertainty as the cryptocurrency tests key technical levels. The most significant catalyst supporting BCH price action comes from record-breaking Bitcoin ETF inflows, with BlackRock's IBIT fund alone accounting for $28.1 billion of the $26.9 billion in total 2025 inflows. This institutional appetite demonstrates growing mainstream acceptance of cryptocurrency exposure, creating positive spillover effects for major altcoins including Bitcoin Cash.

The Federal Reserve's upcoming rate decision is creating a cautious trading environment across crypto markets. Traders are positioning for potential 3-7% volatility swings as monetary policy uncertainty intersects with ongoing geopolitical tensions surrounding the anticipated Trump-Xi meeting. This macro backdrop is keeping BCH price movements measured despite the underlying institutional support.

Bitcoin Cash technical analysis reveals the cryptocurrency recently challenged a key bearish trendline at $564, with trading volume surging 45.8% above the 30-day average. However, the test of $570-571 resistance proved unsuccessful, suggesting significant overhead selling pressure remains at these levels.

BCH Technical Analysis: Consolidation Above Key Moving Averages
Price Action Context
Bitcoin Cash price action shows strength relative to its moving average structure, trading above both the 7-day SMA at $551.47 and the crucial 200-day SMA at $498.02. The positioning above the 200-day moving average confirms the longer-term bullish trend remains intact, while the proximity to the 50-day SMA at $551.77 suggests near-term consolidation.

The cryptocurrency is following Bitcoin's cautious advance, maintaining correlation with the broader crypto market rather than showing independent strength. Volume patterns from Binance spot data indicate institutional participation during the recent resistance test, though buying pressure wasn't sufficient to achieve a decisive breakout.

Key Technical Indicators
The BCH MACD histogram reading of 8.1951 signals bullish momentum building beneath current price action, while the main MACD line at 1.0393 remains above the signal line at -7.1558. This configuration suggests underlying buying interest despite the failed resistance test.

Bitcoin Cash's RSI at 56.56 sits comfortably in neutral territory, providing room for upward movement without entering overbought conditions. The Stochastic indicators show %K at 80.39 and %D at 71.88, indicating short-term momentum may be approaching overbought levels that could require consolidation.

Critical Price Levels for Bitcoin Cash Traders
Immediate Levels (24-48 hours)
• Resistance: $570-571 (recent rejection zone and bearish trendline)
• Support: $549.97 (pivot point and recent consolidation floor)

Breakout/Breakdown Scenarios
A break below the $549.97 pivot could trigger selling toward the $515.36 level, which aligns with the 20-day SMA and represents a critical support zone. Conversely, a decisive move above $571 would target the $580 resistance level and potentially challenge the strong resistance zone at $651.

BCH Correlation Analysis
Bitcoin Cash is maintaining high correlation with Bitcoin, following the leading cryptocurrency's cautious advance amid institutional inflow news. The correlation appears driven by macro factors rather than BCH-specific fundamentals, with both cryptocurrencies responding similarly to ETF inflow data and Fed uncertainty.

Traditional market correlations remain muted, though the anticipation of rate cuts is providing a generally supportive backdrop for risk assets including cryptocurrencies. Gold's recent movements haven't shown significant impact on Bitcoin Cash technical analysis, suggesting crypto-specific factors are dominating price action.

Trading Outlook: Bitcoin Cash Near-Term Prospects
Bullish Case
A sustained break above $571 resistance, supported by continued institutional crypto demand, could drive BCH price toward $580 and eventually the $624.40 yearly high. Fed rate cuts would likely accelerate this scenario by reducing opportunity costs for holding non-yielding crypto assets.

Bearish Case
Failure to hold the $549.97 pivot amid broader crypto weakness could expose the $515.36 support zone. A breakdown of this level would signal deeper correction potential toward the $443.20 strong support, particularly if institutional flows reverse or macro uncertainty intensifies.

Risk Management
Traders should consider stops below $549 for long positions, with position sizing reflecting the $32.89 daily ATR volatility. The current technical setup favors patience until a clear directional break occurs above $571 or below $549.

Image source: Shutterstock

bch price analysis
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Alvin Lang
Nov 01, 2025 13:04

A New York court has extended the freeze on $63 million in stolen USDC linked to the Multichain hack, marking a significant step in asset recovery efforts.

In a significant development, a New York bankruptcy court has ruled in favor of Multichain liquidators, extending a freeze on wallets containing approximately $63 million in stolen USD Coin (USDC). This decision is part of ongoing efforts to recover assets lost during the July 2023 hack of Multichain's cross-chain bridge protocol, according to Cryptonews.

Details of the Court Ruling
Judge David S. Jones of the U.S. Bankruptcy Court for the Southern District of New York issued the order, which mandates stablecoin issuer Circle to maintain a freeze on three Ethereum wallets implicated in the hack. This action ensures that the stolen funds remain inaccessible and prevents any unauthorized movement.

This court order is grounded in Section 1519 of the U.S. Bankruptcy Code, providing temporary relief pending formal recognition of the foreign case under Chapter 15. This framework facilitates cooperation between U.S. and foreign courts in insolvency proceedings.

Background of the Multichain Hack
The Multichain breach, one of the largest decentralized finance (DeFi) exploits of 2023, resulted in over $210 million being siphoned off from its bridge contracts. The hack affected assets on several networks, including Fantom, Moonriver, and Dogechain. Despite extensive investigations, the perpetrators remain unidentified.

Following the breach, Circle initially froze the wallets at the request of the U.S. Department of Justice (DOJ), which later lifted its warrant due to challenges in identifying the hackers. The new court ruling reinstates Circle's authority to keep these wallets locked.

Implications for Multichain and Asset Recovery
Singapore-based liquidators from KPMG Services Pte. Ltd., tasked with overseeing Multichain's dissolution, have argued that lifting the freeze could lead to irreparable harm by allowing stolen assets to be moved beyond recovery. The court's decision supports their efforts to maintain control over the funds until further legal proceedings determine the case's status as a "foreign main proceeding." This designation is crucial for pursuing asset recovery across jurisdictions.

The court's ruling also impacts a separate class action lawsuit filed by U.S. investors against Circle in New York State court. This case, seeking control over the stolen USDC, has been paused following the federal court's decision.

Multichain's Legal Challenges and Future
Once a leading cross-chain bridge protocol, Multichain's troubles began with the 2023 hack, compounded by the arrest of its CEO, Zhaojun, in China. Legal actions initiated by affected projects, such as Fantom Foundation, have resulted in a winding-up order against Multichain Foundation Ltd. by the Singapore High Court.

The ongoing asset recovery efforts are part of a broader dissolution process managed by KPMG's liquidators. The frozen $63 million in USDC is a portion of the total funds stolen, with liquidators continuing to work towards recouping these assets.

This recent court ruling is a pivotal step in the cross-border legal strategy to recover the stolen funds and underscores the complexities involved in navigating international insolvency laws.

Image source: Shutterstock

multichain
usdc
defi
crypto hack

James Ding
Nov 01, 2025 13:12

BNB Coin is gaining traction with significant DEX volume and user engagement. As market dynamics evolve, can BNB reach a new all-time high in November?

BNB Coin (BNB) is currently in the spotlight as it leads the decentralized exchange (DEX) market in volume and user activity, according to CryptoNews. With significant momentum building, questions arise whether BNB can achieve a new all-time high (ATH) in the coming month.

BNB's Market Performance
Data from Binance Labs reveals that BNB is experiencing one of its most robust phases since its inception. The BNB Chain ecosystem is at the forefront, being ranked first in DEX trading volume, active users, and stablecoin wallet addresses. BNB has reported an annualized price gain of approximately 113%, surpassing prominent cryptocurrencies like Ethereum (ETH), Bitcoin (BTC), and Solana (SOL).

BNB's expansion into the US market, with recent listings on platforms such as Robinhood and Coinbase, marks a significant shift. This expansion has increased its exposure and potential investor base, which has been limited in the past.

Driving Factors Behind BNB's Surge
The launch of Aster on the BNB Chain has been a catalyst for its recent breakout. Aster's ASTER token launch propelled the platform's volume beyond $2.8 trillion, further cementing BNB's dominance in the DEX market. Additionally, Binance's strategic positioning of BNB as a bridge between centralized finance (CeFi), decentralized finance (DeFi), and traditional finance (TradFi) continues to enhance its value proposition.

Moreover, Binance's control over a significant portion of the global centralized exchange (CEX) spot market, combined with BNB's burn mechanism, which systematically reduces supply, suggests that BNB might continue its upward trajectory.

Price Predictions and Market Sentiment
BNB is currently hovering above a critical support zone between $1,060 and $1,080, a level that has been a reliable demand area. While the Relative Strength Index (RSI) indicates neutral to slightly weak momentum, sustained buyer interest could push BNB towards the $1,250 to $1,360 range, potentially setting a new ATH. However, a drop below $1,060 could lead to a retest near the $1,000 mark before any significant recovery.

Emerging Trends: Maxi Doge
As BNB continues to demonstrate the potential of utility tokens, meme coins like Maxi Doge are capturing the attention of the crypto community. Built on the Ethereum network, Maxi Doge combines community engagement with tangible tokenomics, offering early staking rewards and robust liquidity. Its presale has already raised over $3.84 million, with staking rewards offering a substantial 79% APY, providing holders with passive income potential.

The rise of Maxi Doge, alongside BNB's performance, illustrates a dynamic market environment where both established and emerging tokens are vying for investor interest.

For more detailed insights, visit the original report on CryptoNews.

Image source: Shutterstock

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When an asset falls for a month, it can feel like a clearance sale, and sometimes it is. Given the recent context of the Oct. 10 crypto flash crash, the odds for that being true are higher than normal.

Yet while many of the crypto majors have clawed back ground since the crash, Cardano's (ADA +0.07%) price is still roughly 14% lower over the last 30 days. Does that make it even more worthwhile to buy the dip, or is there a red or yellow flag to be aware of somewhere?

Image source: Getty Images.

A dip is not a thesis
When you're trying to evaluate whether a coin is worth buying at a lower price point than usual, it's helpful to ask what it's winning at and what it's good at. With Cardano, it's hard to point to a category where it leads, and it's hard to develop an investment thesis for buying it.

Its decentralized finance (DeFi) total value locked (TVL) sits near $297 million, a fraction of its bigger competitors Solana (SOL 0.84%) and Ethereum (ETH +0.88%). Decentralized application (dApp) revenue data tell the same story, as in the 24-hour period ending at noon on Oct. 28, Ethereum collected $3.8 million in app revenue, whereas Solana collected $4.9 million, and Cardano collected just $3,127. So its DeFi ecosystem is tiny, and the projects within it simply aren't being used enough to generate revenue, meaning there's little reason for anyone to bring their capital to the chain.

Today's Change

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0.07

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0.61

Stablecoins are another important area. Chains that dominate stablecoin supply tend to dominate liquidity and payments volumes, generating a lot of value along the way. Today, Cardano's stablecoin market cap is near $36.4 million, which is insignificant relative to the tens of billions of dollars in stablecoin value of many of the crypto majors, and suggests limited uptake so far. Without a large enough base of capital to prime the DeFi system's money pump, it's hard to see how it could attract more investors and app developers.

Active usage patterns are also essential to consider. As of Oct. 28, Cardano has roughly 26,600 active wallet addresses, while Ethereum's figure is close to 540,000, consistent with the broader gap in throughput and app footprint; Solana had 2.1 million active wallet addresses. Liquidity, breadth of applications, active users, and fee or revenue generation tend to reinforce each other over time. Right now, that flywheel spins much faster elsewhere compared to Cardano.

Investors need catalysts that translate design into durable demand and revenues. Today, the on-chain read-through with Cardano is not pointing to that.

Today's Change

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-0.84

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What would need to change
Buying dips is not a strategy by itself, with Cardano or any other asset. For Cardano to be compelling, it needs to win somewhere, as marked by attracting more capital, more users, more developers, and more revenue-generating projects. That could ultimately be DeFi, stablecoins, or tokenized real-world assets -- or perhaps some other segment which doesn't even exist yet. The problem is that it is not winning any single segment today, and it doesn't have a clear path to doing so.

Nonetheless, if Cardano does manage to start recovering, it'll behoove investors to know where the signs of that recovery might live. One possibility is its DeFi TVL compounding far faster than its peers for several quarters, revenue capture rising from negligible to material, and at least one breakout application with network effects becoming popular enough to entice users and capital from other chains.

The most likely trigger for those events is the chain shoring up its stablecoin holdings to at least hundreds of millions of dollars, as this would create enough of a capital base to bootstrap other activities like on-chain lending, borrowing, and liquidity support.

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But don't hold your breath for that to happen. Unless you can articulate a specific, testable thesis for how Cardano will outgrow Ethereum or Solana in at least one segment in the near future, buying this dip is inadvisable. It's significantly better to buy either of those larger competitors.

Cardano might bounce with the market and reward those who buy the dip anyway, or it might not. The better move for investors is to track the metrics above and wait for evidence of consistent gains before reevaluating whether this coin is worth buying.

The T3 Financial Crime Unit, a joint initiative by Tether, TRON, and TRM Labs, has frozen $300 million in tainted digital assets within its first year, signaling a major advancement in crypto industry-led financial crime prevention.

Industry-Led Unit Emerges as Global Enforcement ModelIn a landmark achievement for blockchain compliance, the T3 Financial Crime Unit (T3 FCU) has frozen $300 million in illicit cryptocurrency funds during its first year of operation. The initiative, which was launched in September 2024 by stablecoin issuer Tether, blockchain network TRON, and blockchain intelligence firm TRM Labs, was initially formed to clean up stablecoin transactions on the TRON network, where the majority of Tether (USDT) transfers occur. It connects exchanges and blockchain firms directly with law enforcement for real-time response to suspicious transactions. Its first major success involved Binance, resulting in the freezing of $6 million linked to a large-scale “pig butchering” scam.

Major Operations and Global CollaborationOver the past year, the task force has supported major law enforcement actions worldwide, including Operation Lusocoin in Brazil, where authorities seized over R$3 billion in assets and froze 4.3 million USDT linked to a sophisticated money laundering network. The Brazilian Federal Police formally recognized the unit’s contribution to the operation.

In the United States, cooperation between T3 FCU and federal agencies led to $83 million in frozen assets across 37 separate cases, making the U.S. the unit’s most active jurisdiction. The task force has also played a key role in mitigating state-sponsored threats, including the $19 million freeze connected to the Bybit hack attributed to North Korean-linked actors.

By January 2025, the unit had frozen $100 million in illicit USDT, including $3 million associated with North Korean operations. That figure more than doubled by August, surpassing $250 million, as the team expanded its coordination network through the T3+ Global Collaborator Program.

Growing Threats in Crypto CrimeT3 FCU’s data highlights the shifting landscape of blockchain-based crime. The majority of cases involve illicit goods and services, which account for 39% of the unit’s investigations. Fraud and scams, including romance-based “pig butchering” cons, remain widespread, while hacks and exploits, often state-backed. continue to pose a global threat to digital asset security.

The unit has also reported an increase in “wrench attacks”, incidents where criminals use physical coercion to steal crypto from holders. These developments underscore the ongoing need for real-time enforcement and stronger protective measures across the industry.

Commitment to Global IntegrityThe success of the T3 Financial Crime Unit marks a significant milestone for crypto’s evolution toward greater transparency and compliance maturity. 

Tether CEO Paolo Ardoino stated, 

“Tether is deeply committed to maintaining the integrity of the financial ecosystem by collaborating with over 280 law enforcement agencies globally.” 

As blockchain networks continue to expand, the initiative stands as a proof of concept that industry collaboration can effectively counter criminal activity, setting a precedent for how digital finance can self-regulate without compromising innovation.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Key Takeaways
Why is Chen Zhi under investigation?
U.S. prosecutors allege his company, Prince Holding Group, ran large-scale “pig butchering” crypto scams by luring workers to Cambodia and forcing them to target victims online.

How were the funds moved?
The proceeds were laundered through more than 100 shell companies and crypto mining operations, eventually converted to Bitcoin to obscure the trail.

In a surprising turn of events, Singapore has moved to freeze more than $150 million (around $106 million) in assets linked to Chen Zhi, the Chinese-born chairman of Cambodia’s Prince Holding Group.

The move comes as part of a widening international crackdown on what authorities describe as a large-scale transnational fraud network.

Details of the enforcement operation
The enforcement operation took place on the 30th of October and was officially reported by the Singaporean police the following day.

Authorities targeted six properties, along with bank and securities accounts, cash reserves, a yacht, 11 vehicles, and high-end alcohol, all linked to Chen and his associates, who are currently outside Singapore.

This action came shortly after U.S. and UK authorities jointly announced criminal indictments against Chen in mid-October. They also launched efforts to seize approximately $14.4 billion in Bitcoin [BTC] tied to the alleged scheme.

Chen founded Prince Holding Group in 2015, promoting it as a global investment conglomerate with interests in real estate, finance, and hospitality.

However, U.S. prosecutors allege that the group operated as a large-scale criminal network. According to their claims, workers were lured to Cambodia with fake job offers and then forced to run “pig butchering” crypto fraud schemes within heavily guarded compounds.

Who all were involved?
Court documents revealed that Chen’s network laundered the proceeds through more than 100 shell companies, crypto exchanges, and mining operations.

The network then converted the funds into Bitcoin to obscure their origin.

From May 2021 to August 2022, the group has funneled at least $18 million from over 250 U.S. victims through shell entities in Brooklyn and Queens.

This amount represents only a small fraction of the larger financial flow tied to the scheme.

In October, the U.S. Treasury’s OFAC sanctioned 146 individuals and entities linked to the Prince Group.

Meanwhile, FinCEN reported that Cambodia’s Huione Group laundered more than $4 billion.

The U.K. also issued parallel sanctions against Chen and his affiliates.

Blockchain activity that drew major attention
Meanwhile, blockchain activity linked to the case grabbed close attention.

Just one day after U.S. indictments against Chen were unsealed, a wallet linked to the Chinese mining pool LuBian, previously associated with Chen, moved 11,886 BTC (approximately $1.3 billion). This was the wallet’s first activity in three years.

A week later, another 15,959 BTC (around $1.83 billion) was transferred across four separate addresses. These movements raised concerns about potential asset repositioning ahead of enforcement actions.

LuBian had gained prominence in 2020 but suffered a major breach that drained over 90% of its holdings, an estimated 127,426 BTC, now valued at roughly $14.5 billion.

The mining pool disappeared in early 2021, and its funds remained largely dormant until they resurfaced in mid-2024.

What’s ahead?
Prosecutors now allege that Chen used mining operations like LuBian and Warp Data in Laos to generate “clean” Bitcoin.

They say the network deliberately separated this Bitcoin from the original criminal proceeds to obscure its source.

If the United States Department of Justice wins the forfeiture case, the seized Bitcoin will become one of the largest additions to U.S. federal holdings.

This coincided with T3’s first-year results, highlighting both the growing sophistication of crypto-related crime and the widening role of private companies in combating it.

Therefore, as digital crime expands, the balance between security and the core ethos of crypto is becoming more difficult to maintain.

Tether posts $10B profit and $174B market cap in 2025, boosting US bond holdings and expanding investments in AI and global finance.

Emir Abyazov2 min read

1 November 2025, 12:52 PM

Tether, the issuer of the USDT stablecoin, has released its Q3 2025 financial report, prepared by auditors from BDO. The company revealed that its net profit since the start of the year has reached $10 billion, underscoring the strong momentum behind the world’s largest stablecoin.

The report also shows that USDT’s market capitalization exceeded $174 billion, with overcapitalization of roughly $6.8 billion. Tether issued 17 billion USDT in Q3, which it described as one of its strongest quarters ever.

Tether USDT Market Cap. Source: CoinGlassTreasury Bonds and Bitcoin Strengthen Tether’s BackingUSDT’s primary reserve asset remains U.S. Treasury bonds. In the third quarter, the company’s holdings in these securities rose to $135 billion, making Tether the 17th-largest holder of U.S. Treasuries — ahead of South Korea, according to the report.

In addition, 13% of Tether’s reserves consist of gold and Bitcoin, valued at $12.9 billion and $9.9 billion, respectively.

Fiat denominated Tether tokens Reserves report. Source: tether.ioTether also holds around $30 billion in corporate assets outside its stablecoin reserves, including investments in technology and artificial intelligence (AI).

New Ventures and Legal ResolutionsThe report highlighted several strategic developments: the resolution of a lawsuit with Celsius, an application for an investment fund license in El Salvador, and the launch of a share buyback initiative for existing investors.

“These Q3 2025 results reflect Tether’s continued confidence and strength, even in a challenging global macroeconomic environment, reinforcing Tether’s brand as a ‘stable company,’” said Tether CEO Paolo Ardoino.

Ardoino previously stated that Tether aims to earn up to $15 billion by the end of 2025, maintaining its lead in the growing stablecoin market.

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Bulls are controlling the situation on the market at the beginning of the weekend, according to CoinStats.

SHIB chart by CoinStatsSHIB/USDThe price of SHIB has gone up by 2.49% over the last 24 hours.

Image by TradingViewOn the hourly chart, the rate of SHIB is rising after a false breakout of the local support of $0.00000998. At the moment, one should focus on the daily candle closure in terms of the resistance of $0.00001017.

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If it happens around it or above, the growth is likely to continue to the $0.00001025 zone.

Image by TradingViewOn the bigger time frame, the price of SHIB is going up after a bounce from the support of $0.00000956. However, bulls might need more time to accumulate energy for a further move. In this case, sideways trading in the zone of $0.000010-$0.00001050 is the more likely scenario.

Image by TradingViewFrom the midterm point of view, neither side has enough strength for a sharp move. In this regard, traders are unlikely to see increased volatility.

SHIB is trading at $0.00001014 at press time.

Steak n Shake just made fast-food and Bitcoin history. On white paper day, the 91-year-old American fast-food chain announced the creation of a Strategic Bitcoin Reserve (SBR), staking its claim (excuse the pun) as the first major U.S. restaurant chain to funnel all BTC payments straight into a corporate Bitcoin treasury.

How Steak n Shake became Bitcoin’s fast-food friendThis news isn’t coming out of nowhere. Steak n Shake made waves back in May when it started accepting Bitcoin payments at hundreds of locations across the U.S. and Europe. It was a move that not only cut payment processing costs by half but elevated their steakburgers to cult status among Bitcoiners.

But the announcement of an SBR ups the ante. Every Bitcoin payment received goes straight into the company’s new reserve, doubling down on their belief that Bitcoin is here to stay. Not only is it a payment rail, but a core asset on their balance sheet.​

Sats for stakes: feeding open-source developmentFor every ‘Bitcoin meal’ sold, Steak n Shake is donating 210 satoshis (sats) to Open Sats Initiative, a nonprofit supporting developers who keep the Bitcoin network humming. That’s more than clever branding; it’s a tangible vote for the long-term security and transparency of the ecosystem. So, every burger not only fills your belly, it helps bankroll the code behind the world’s biggest open-source financial experiment.​

What’s more, eating a Bitcoin Steakburger gets you $5 in free Bitcoin when you sign up through Fold App, with a clear set of instructions printed on your receipt. That tiny onboarding process (buy food, claim sats, join the fold) is true grassroots adoption. It brings new users into Bitcoin, not via FOMO but through something as everyday as lunch.​

Why is this such a big deal?Fast food chains don’t usually play the role of financial trailblazer. But Steak n Shake isn’t just accepting BTC; they’re holding every satoshi, and reporting a stunning 15% same-store sales jump last quarter, outpacing every competitor in the segment.

Their message? Bitcoin isn’t just for memes and market timing. It’s a community, a technology, and a set of rails for what could be the future of corporate treasury.​ And they’re grateful to the Bitcoin community for turning the restaurant chain’s fortunes around:

“Thank you, Bitcoiners, for helping change the trajectory of Steak n Shake”

When legacy brands like Steak n Shake go all-in on Bitcoin, it’s a sign to other Main Street giants. And with Bitcoin being praised all the way up from the highest office, the window for treating crypto as a “fad” has closed. As Bitwise CEO Hunter Horsley commented:

“Bitcoin is going mainstream.”

So next time you order a Steak n Shake meal, you’re not just biting into a burger. You’re taking a small step into the world of everyday Bitcoin utility, supporting open-source innovation, and maybe even sparking the next wave of corporate Bitcoin adoption.

U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on October 31 with a post on X celebrating the network’s resilience and subtly criticizing Senate Democrats. Bessent remarked that Bitcoin “never shuts down,” suggesting that lawmakers “could learn something from that,” turning his praise into both a policy statement and a political jab.

The date holds special significance in the crypto world — it marks the release of Satoshi Nakamoto’s 2008 white paper outlining Bitcoin as a peer-to-peer electronic cash system. Since its launch in 2009, the Bitcoin network has operated without interruption, a point enthusiasts highlight each year to emphasize its decentralized, always-on nature.

Bessent’s comments continue a series of crypto-friendly statements from the Treasury. In July, after President Trump signed the GENIUS Act, he hailed stablecoins as “a revolution in digital finance,” emphasizing their potential to strengthen the U.S. dollar’s global dominance. A month later, he proposed a “Strategic Bitcoin Reserve,” suggesting that seized bitcoins could be repurposed for national holdings without requiring new budget allocations.

His latest post sparked mixed reactions in the crypto community. Veteran developer Luke Dashjr claimed Bitcoin is “weaker than ever,” referencing internal debates over recent Core updates. Researcher Eric Wall responded with sarcasm about Bitcoin’s supposed demise, while investors like Simon Dixon and Gabor Gurbacs interpreted Bessent’s message as support for integrating Bitcoin into federal policy.

The post’s timing added political weight, coinciding with a federal government shutdown that began October 1, leaving nearly 900,000 employees furloughed. To many, Bessent’s praise of Bitcoin’s uptime served as a symbolic critique of Washington’s gridlock — and a sign that digital assets will remain central to the Treasury’s economic narrative.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

A light-hearted clash broke out on X between Solana and an XRP supporter after Ripple promoted its upcoming Swell conference. The debate centered around which blockchain holds stronger institutional credibility, and Solana didn’t hold back in defending its position.

The drama began when an XRP fan commented under Ripple’s Swell promo, claiming that Ripple and XRP “are not on the same level” as Solana, tagging both Solana and Western Union. The comment came after news broke that Western Union would launch its new stablecoin on Solana’s blockchain, a move that caught the attention of both the XRP and Solana communities.

Solana’s Sharp ResponseSolana quickly responded, agreeing with the post, but with a twist. “Correct, not on the same level,” the Solana account wrote, before sharing proof of its growing institutional traction. The reply included mentions of major partnerships and endorsements from financial giants like Citi, Franklin Templeton, and Fidelity, along with reminders of recently approved spot Solana ETFs in the U.S.

Western Union’s Move Revives Old RivalryWestern Union’s decision to build on Solana reignited comparisons with Ripple, as the remittance firm had previously explored using Ripple’s technology and XRP for cross-border transfers. Now, with the company choosing Solana instead, XRP supporters expressed disappointment, while Solana fans celebrated the win as a sign of growing trust in its ecosystem.

Ripple vs. Solana: Competing for Institutional TrustHowever, both Ripple and Solana are expanding into institutional finance, but in different ways. Ripple continues to focus on regulated payments and partnerships through events like its Swell conference, which will feature executives from Citi, Franklin Templeton, and Fidelity. Solana, on the other hand, has rapidly gained recognition for its scalability and real-world applications, particularly in stablecoins and tokenized assets.

The playful online exchange highlights how competition between top blockchain projects is heating up, especially as institutions increasingly embrace blockchain technology. For now, Solana’s confident response seems to have given it the upper hand, at least on social media.

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FAQsWhy is Western Union choosing Solana over XRP?

Western Union chose Solana for its high speed, low fees, and scalability, ideal for global remittance and real-world payments.

Which blockchain has stronger institutional backing: Solana or XRP?

Both have strong ties—Ripple with regulated banks, Solana with asset giants like Fidelity and Franklin Templeton.

What makes Solana attractive to major financial institutions?

Speed, efficiency, and scalability make Solana a preferred choice for stablecoins and tokenized asset projects.

Will Solana’s scalability give it the institutional edge over XRP?

Yes, Solana’s fast and low-cost network could make it more appealing for large-scale financial integrations.

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

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The XRP Ledger (XRPL) operates on a Byzantine Fault Tolerant consensus protocol called the Ripple Protocol Consensus Algorithm (RPCA), a system fundamentally different from Proof-of-Stake (PoS) or Proof-of-Work (PoW). Validators do not compete for blocks or lock tokens to participate; instead, they confirm transactions through deterministic voting rounds. Each validator uses a trusted Unique Node List (UNL) to reach consensus every few seconds, securing finality without requiring mining or staking.

This approach gives XRP its key advantages: sub-second confirmation times, minimal energy consumption, and near-zero transaction costs. However, because validators earn no block rewards and the protocol has no inflationary mechanism, XRP does not provide native yield. Unlike Solana or Ethereum, where stakers earn returns from validation fees or token issuance, XRP holders derive their gains solely from the token’s utility, rather than network rewards.

That technical limitation created an opening for external staking logic. XRP Tundra enters that space by building verified, transparent reward systems directly on top of the Ledger’s architecture, giving holders the ability to earn without changing how XRP achieves consensus.

How XRP Tundra Turns Passive Holdings Into On-Chain Participation
XRP Tundra’s Cryo Vaults are designed to extend XRPL functionality without altering its base protocol. Each one operates as a time-locked on-ledger contract, where users can commit XRP or TUNDRA tokens for a chosen duration, typically 7, 30, 60, or 90 days. Once the lock period expires, both the principal and the accrued yield are released automatically.

The system connects to Solana through a verified bridge, allowing network rewards generated from TUNDRA-S liquidity pools to flow back to vault participants on XRPL. This integration preserves XRP’s non-custodial nature while creating a transparent, self-executing staking model.

Unlike centralized exchange programs, which require users to surrender custody, Cryo Vaults maintain complete on-chain visibility. Each staking transaction and maturity release can be traced through public ledger data, aligning with XRPL’s design philosophy of transparency and auditability.

2 Tokens, 1 Ecosystem: TUNDRA-S and TUNDRA-X
To make this structure work efficiently across two blockchains, XRP Tundra issues two synchronized tokens. The first, dubbed TUNDRA-S, is a Solana-based utility and yield asset, and TUNDRA-X is an XRP Ledger governance and reserve token. The two operate independently but communicate through verified smart contracts, forming a unified ecosystem that connects Solana’s speed to XRPL’s security.

In the ongoing Phase 9 presale, TUNDRA-S is priced at $0.147 with an 11% token bonus, while TUNDRA-X carries a reference value of $0.0735. The dual issuance ensures that staking, liquidity, and governance remain separate but complementary. The former drives DeFi activity and reward generation, while the latter anchors network governance and treasury operations directly on the Ledger.

This modular setup avoids the centralization risk that comes from one token serving every function. Instead, it mirrors the specialization seen in advanced DeFi ecosystems while maintaining low transaction costs across both networks. A recent feature from Crypto Sister highlights how this structure brings yield access to a user base that previously had none within the XRP environment.

Security, Transparency, and Verified Audits
Every core component of XRP Tundra’s infrastructure has undergone external review. Three independent firms — Cyberscope, Solidproof, and FreshCoins — completed audits covering smart contract logic, liquidity structures, and vault mechanics. All reports are publicly available.

To reinforce accountability, the project’s development team holds full KYC verification from Vital Block. The verification adds a compliance layer uncommon among early-stage crypto projects, particularly in the staking and yield sector.

Additionally, XRP Tundra’s adoption of Meteora’s DAMM V2 liquidity engine provides a dynamic safeguard against volatility. This Solana-based system uses time-adjusted trading fees to neutralize bots and early dumping, an approach that protects liquidity pools during critical launch phases and ensures smoother distribution of rewards to Cryo Vault participants.

From Passive XRP to Active DeFi Utility
XRP Tundra’s development marks the first time that XRP holders can participate in on-ledger staking without giving up custody or altering the underlying network protocol. The combination of XRPL and Solana infrastructure — one built for secure settlement, the other for programmable liquidity — transforms XRP from a static store of value into an active, yield-bearing asset within a verified, transparent ecosystem.

As Cryo Vaults move toward full deployment, they establish a blueprint for how legacy blockchain assets can gain DeFi functionality through layered engineering instead of protocol changes. For holders, it means XRP can finally work beyond payments, providing measurable participation in decentralized finance backed by audits and real cross-chain architecture.

Lock in your presale position today and prepare for Cryo Vault activation.

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Felix Pinkston
Nov 01, 2025 12:02

Ethereum stabilizes near $3,865, showing signs of recovery with a 1.6% increase. Analysts eye potential growth to $4,500 amid staking and DeFi expansion.

The Ethereum (ETH) market is witnessing a period of stabilization as the cryptocurrency's price hovers around $3,865, marking a 1.6% increase today. This comes after a dip to approximately $3,700, according to CoinMarketCap.

Ethereum Price Movements Ethereum's current support level is identified near $3,600, while strong resistance is noted around the $4,000 mark. Market sentiment has been affected by recent outflows from Ethereum-based ETFs, which have weighed on investor confidence.

Medium-term Forecast and Market Influences Looking ahead, analysts forecast a potential upward trajectory for ETH, possibly reaching $4,500. This optimism is fueled by the continuing growth of staking activities, the expansion of decentralized finance (DeFi) applications, and the increasing adoption of Layer-2 scaling solutions. These factors are seen as critical drivers for Ethereum's price appreciation in the coming months.

Challenges and Considerations Despite the positive outlook, Ethereum faces several short-term risks. These include potential reversals in ETF flows, technical fatigue, a slowdown in on-chain activity, and rising competition from other fast-emerging Layer-1 blockchain networks. These elements could pose challenges to Ethereum's price stability and growth.

In the broader market context, Ethereum's recent price movements are part of a general market-wide pause, as investors and traders assess the current conditions and future potential of the cryptocurrency landscape.

For further insights, the original article can be found on CoinMarketCap.

Image source: Shutterstock

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Hedera Hashgraph (HBAR) is drawing renewed attention across the crypto market after its spot ETF recorded $30 million in fresh inflows, signaling growing investor confidence. Both institutional and retail participants appear to be turning bullish on Hedera's long-term outlook, following its impressive technical recovery from earlier 2025 lows.

Iris Coleman
Nov 01, 2025 12:15

Prenetics, supported by David Beckham, enhances its Bitcoin holdings by acquiring 100 BTC, raising its total to 378 BTC. This follows a $44 million equity offering.

Prenetics, a health science company backed by renowned footballer David Beckham, has significantly bolstered its cryptocurrency portfolio by purchasing an additional 100 Bitcoin (BTC), according to CoinMarketCap. This strategic move underscores the company's commitment to expanding its digital asset treasury.

Prenetics' Growing Bitcoin StrategyThe recent acquisition increases Prenetics' total Bitcoin holdings to 378 BTC, which is currently valued at approximately $46 million. This latest purchase is part of a broader strategy that began in June 2025 when Prenetics first entered the digital asset space with a sizeable Bitcoin investment.

Financial Backing and Market PositionThe acquisition of the 100 BTC was announced on October 31, 2025, shortly after Prenetics successfully completed a $44 million equity offering. The offering, which closed on October 28, 2025, was oversubscribed, demonstrating strong investor confidence in the company's strategic direction. The firm’s decision to enhance its Bitcoin reserves comes as part of its ongoing efforts to diversify its treasury and capitalize on the potential long-term gains of holding digital currencies.

Market ImplicationsPrenetics' move to increase its Bitcoin holdings is reflective of a growing trend among companies seeking to leverage cryptocurrency as a hedge against market volatility and inflation. By integrating digital assets into their financial strategies, companies like Prenetics aim to secure a robust financial position in an increasingly digital world.

As the cryptocurrency market continues to evolve, Prenetics' proactive approach in expanding its Bitcoin treasury may serve as a model for other corporations considering similar strategies. The company's actions could potentially influence market dynamics, encouraging further institutional adoption of Bitcoin and other cryptocurrencies.

For more details on this development, visit the [CoinMarketCap](https://coinmarketcap.com/headlines/news/prenetics-doubles-down-on-bitcoin-expands-treasury-with-100-btc/) website.

Image source: Shutterstock

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The conversation around AI has evolved from questioning its relevance to focusing on making it more reliable and efficient as its use becomes widespread. Michael Heinrich envisions a future where AI fosters a post-scarcity society, freeing individuals from mundane jobs and enabling more creative pursuits.

12h39 ▪
4
min read ▪ by
Eddy S.

Summarize this article with:

For the first time since 2018, bitcoin closed October down, breaking a streak of seven consecutive years of gains. This unexpected decline raises a crucial question: will November, traditionally the best-performing month for the crypto queen, manage to reverse the trend? Analysis of causes, possible scenarios and strategies for investors.

In Brief

October 2025 marks bitcoin’s first closing decline since 2018, with a drop ranging from 3.35% to 3.69%.
November, historically the best-performing month for bitcoin (+42.51% on average), could offer either a rebound or a 36.57% drop.
In November 2025, bitcoin investors should watch the Fed’s upcoming decisions, ETF flows, and whale movements.

Why the “Uptober” 2025 disappointed bitcoin investors
October, nicknamed “Uptober” by the crypto community, disappointed expectations this year. Indeed, bitcoin recorded a drop between 3.35% and 3.69%, a rare performance since 2018. Several factors explain this setback:

The massive liquidations, estimated near 19 billion dollars, played a key role, amplified by increased market volatility;
Geopolitical tensions, notably the trade war between the United States and China, also weighed on prices.

Furthermore, buyer enthusiasm faded after months of relative stability, where bitcoin traded within a narrow range between 107,000 and 126,000 dollars. According to Kronos Research, this correction does not mark a trend break, but rather a temporary liquidity stress. Investors therefore remain divided between caution and opportunity.

November, the month of all records… or all drops?
Historically, November is the best-performing month for BTC, with an average increase of 42.51% since 2013. Because of this, bitcoin is expected to soar to 160,000 dollars during this month. However, this year, expectations are mixed. Some analysts anticipate a rebound, supported by the easing between the United States and China, as well as by the Fed’s recent 0.25% rate cut. Others, more cautious, fear a repeat of 2018, where November fell by 36.57% after a red October.

November is the best-performing month for bitcoin since 2013
Key factors to watch include:

The Fed’s next decisions in December;
The dynamics around Bitcoin ETFs;
The crypto market’s reactions to macroeconomic data like inflation and employment. 

Moreover, investors will need to track whale movements and liquidations to anticipate reversals.

Strategies for investors: buy, sell or wait?
Faced with this uncertainty, strategies vary. Optimistic buyers see current levels as an opportunity to accumulate, betting on a historic bitcoin rally in November. The more cautious prefer to wait for trend confirmation, such as a break of key resistances or supports.

Risks to avoid include FOMO (Fear Of Missing Out) in case of a sudden rally, as well as panic in case of a new decline. Use of stop-loss orders is recommended to limit losses. Tools from Glassnode or CryptoQuant can help analyze on-chain data and Greed and Fear indicators, offering a clearer market view.

Finally, a red October does not necessarily mean a prolonged crypto winter. November remains a decisive month for bitcoin, where investors will have to navigate between opportunities and risks. The question remains open: will November 2025 be the month of revenge or decline for bitcoin?

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Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Total Ethereum (ETH) blob fees, a crucial metric for on-chain activity, have registered abnormal activity, an analyst sees high demand right now.

Cover image via u.today

On Oct. 30, 2025, Ethereum (ETH) blob fees — data availability fees for Ethereum's L2 networks — registered an all-time high. While being painful in general, such spikes are indicators of high demand for Ethereum's (ETH) throughput. Fusaka, Ethereum's upcoming upgrade, is expected to mitigate such spikes.

42,000 Gwei: Ethereum (ETH) blob fees log new ATH, community sees "high demand"Ethereum (ETH) blob fees — commissions paid by Layer-2 blockchains for using Ethereum's computational resources as a data availability layer — set a historic record Oct. 30, 2025. The metric suddenly spiked over 42,000 Gwei, an Ethereum supporter @materkel mentioned on X.

Not sure if anybody noticed, but blob fees spiked to insane levels yesterday.

They peaked at 42,036.2 Gwei (a new record) and stayed above 20k Gwei for ~half an hour.

This is exactly what happens once Rollups start to outbid each other during high demand.

Average fees are now… pic.twitter.com/6SvBv2mJMp

— materkel.eth 🦇🔊 (@materkel) October 31, 2025 After this sudden spike, Ethereum (ETH) blob fees stayed in an extremely high zone, over 20,000 Gwei, for almost an hour.

As explained by the speaker, this is a clear indicator of high demand for Ethereum (ETH) right now — L2 rollups triggered the price by competing against each other for Ethereum (ETH) resources.

The Ethereum (ETH) enthusiast stressed that this is the most evident signal of interest in Ethereum (ETH) and slammed the theory that L2 popularity somehow threatens the biggest smart contracts platform:

Ethereum is in high demand right now, and rumors of L2s being extractive are FUD

This process is not necessarily mirrored by the transactions feed for end users — rollups offset this imbalance by subsidizing blob fees. At the same time, such abnormalities might damage Ethereum (ETH) user economics.

Will Ethereum Fusaka hard fork fix this?Opportunities to protect the network from such unpredictable spikes will be included in the agenda of Fulu-Osaka or Fusaka, one of the biggest Ethereum upgrades post-Merge.

EIP-7918: Blob Base Fee Bounded by Execution Cost, included in Fusaka, together with Peer Data Availability Sampling scheme (PeerDAS) will steepen the blob fee dynamics and eventually make Ethereum (ETH) L1 usage even more cost-effective for rollups.

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As covered by U.Today previously, Ethereum Fusaka upgrade is set to go live on the mainnet Dec. 3, 2025. The upgrade has already been activated on Hoodi, a major Ethereum test network.

Ethereum Fusaka will expand the developments of Pectra in terms of speed, security and optimized L1/L2 interaction.

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XRP bulls are increasingly buying the dip amid expectations of a major bull run in November as the first U.S. spot XRP ETF is expected to launch during the month.

Cover image via U.Today

The amount of XRP currently sitting on all supported cryptocurrency exchanges has shown a decent decline over the last 24 hours, according to data from on-chain analytics platform CryptoQuant.

The data shows that XRP exchange reserves have fallen by 0.21% over the past 24 hours as market anticipation builds for a better November rally.

First XRP ETF sets actual launch dateWhile the decline in the XRP exchange reserve suggests increased buying activity among holders, it appears that the bullish sentiment has been spurred by expectations of the first-ever spot XRP ETF, expected to launch Nov. 13.

It is important to note that when the number of tokens being moved onto exchanges increases so dramatically, it typically indicates impending volatility.

While the reverse is the case this time — a decline in reserves, the move has strengthened investors' confidence, flashing hopes of a major rally ahead.

Apparently, the shrinking exchange reserve suggests that investors are increasingly moving their XRP holdings off exchanges, potentially in preparation for long-term accumulation or institutional allocation ahead of the first spot XRP ETF debut.

Just yesterday, senior ETF analyst Eric Balchunas shared news about renowned investment firm CanaryFunds filing an updated S-1 for its spot XRP ETF. While the move tends to eliminate the delaying amendment, it has set the Canary XRP ETF up for an actual launch date of Nov. 13.

Interesting.. Altho XRP docs didn’t have the same comments back-and-forth with the SEC that Solana had. That was one reason issuers was felt they were ready. But hey, worth a try I guess. https://t.co/SqaQx6kuiA

— Eric Balchunas (@EricBalchunas) October 30, 2025 While optimism surrounding an XRP ETF launch has been long-standing, the declining reserve volume reflects growing confidence in the asset’s price performance in November as traders anticipate increased demand once the ETF begins trading.

While falling exchange balances often signal reduced sell pressure, the potential XRP ETF expected to launch in November from funds like Canary, Bitwise and others has already stirred optimism across the crypto market.

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Tesla CEO Elon Musk Says X Chat's New P2P Encryption System Is Similar to Bitcoin'sThe in-app Chat is in beta for Premium users with file sharing and media support, while a standalone X Chat app is slated to follow in the coming months. Nov 1, 2025, 12:01 p.m.

Tesla and Space X CEO Elon Musk says X will ship a standalone “X Chat” in the coming months while keeping Chat embedded in X, adding that its peer-to-peer encryption approach is “similar to Bitcoin” and that the system avoids advertising hooks.

Speaking on Friday’s “Joe Rogan Experience,” Musk said X has “rebuilt the entire messaging stack” as X Chat and argued security should be viewed in “degrees of insecurity,” not as a binary. He described a peer-to-peer-style model and said the goal is to make Chat “the least insecure” among messaging apps. He added that encryption is “very good” and undergoing thorough testing.

Musk linked his security pitch to business design. He said rival messengers introduce risk when they include “hooks for advertising,” arguing that any pathway used to target ads could become an avenue to read messages if abused. He said X Chat will not include such hooks.

Distribution will be dual track. “We’ll have both,” Musk said, noting a dedicated app targeted “in a few months,” alongside the integrated experience inside X. In either version, users should be able to text, share files, and place audio or video calls once the full feature set lands.

The current status is more modest. Inside X today, Chat functions as an upgraded replacement for legacy direct messages and is in beta for Premium subscribers. The in-app Chat supports text, photos, media attachments, GIFs, and file sharing tied to X handles rather than phone numbers. Audio and video calling were cited by Musk as part of the plan but do not appear in the current version of X.

Musk’s framing centers on two ideas: keep content encrypted end to end and limit what the service must know by stripping out ad-targeting logic. Mainstream messengers often encrypt message content but retain metadata such as counterparties and timestamps; his view is that reducing reliance on advertising narrows the attack surface.

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

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Ethereum Developers Lock In Fusaka Upgrade for Dec. 3 With PeerDAS Rollout

The move kicks off the countdown to Ethereum’s second hard fork of 2025.

Was Sie wissen sollten:

Ethereum developers have officially inked in the long-awaited Fusaka upgrade for December 3.The move kicks off the countdown to Ethereum’s second hard fork of 2025.The Fusaka upgrade’s headline feature is PeerDAS, one of 12 improvements included in the release. Ganze Geschichte lesen

At the Bitcoin 2025 conference, U.S. Senator JD Vance made a bold prediction that the number of Americans owning Bitcoin will double from around 50 million to 100 million in the coming years. He described Bitcoin as a symbol of innovation, financial freedom, and a strong hedge against inflation and government overreach, emphasizing that crypto is no longer a fringe movement but a mainstream reality.

The Clarity Act: A Turning Point for Crypto RegulationVance’s comments come as the U.S. moves closer to passing the Clarity Act, a long-awaited bill expected to settle crypto’s biggest legal gray area: who regulates it. For years, the SEC and CFTC have fought over jurisdiction, creating confusion for projects, exchanges, and investors. The Clarity Act aims to fix that by clearly defining which tokens are securities and which are commodities, giving the crypto industry a solid legal foundation to grow.

Analysts at Bitwise estimate there’s now an 80% chance the Clarity Act will pass by early 2026. If approved, it could mark the start of a new era for U.S. crypto markets, paving the way for banks, corporations, and institutional investors to fully embrace blockchain and Bitcoin integration.

From Wall Street to Main StreetThe growing wave of Bitcoin ETFs and Wall Street interest has already boosted confidence in digital assets, but regulatory clarity could take that momentum to another level. With clear rules, more institutions are expected to launch crypto products, and more Americans could start viewing Bitcoin as part of their long-term savings or retirement strategies.

A New Chapter for BitcoinVance’s optimism reflects the broader sentiment that Bitcoin’s best days may still be ahead. As the U.S. edges toward clearer regulation and financial institutions prepare to integrate blockchain into everyday use, the dream of mainstream crypto adoption looks closer than ever.

If the Clarity Act delivers on its promise, 2026 could be remembered as the year Bitcoin truly became a household name, not just an investment, but a cornerstone of the modern financial system.

Bitcoin Current SentimentBitcoin is currently trading at around $109,956, with nearly 19.94 million BTC in circulation out of the total supply cap of 21 million coins. The top cryptocurrency hit an all-time high of $126,198 on October 7, 2025, and once traded as low as $0.0486 back in July 2010, a massive gain of over 226 million percent since then.

Although Bitcoin is down about 12.8% from its recent peak, it’s still showing strong long-term momentum. With its fixed supply limit, Bitcoin remains a deflationary asset, meaning scarcity could help support its value over time.

For traders, the 50-day moving average sits at $114,076, reflecting short-term price action, while the 200-day average is around $109,491, suggesting Bitcoin is holding steady in a broader uptrend despite the recent dip.

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

FAQsHow many Americans own Bitcoin in 2025?

Around 50 million Americans currently own Bitcoin in 2025, and experts predict that number could reach 100 million as adoption and regulation expand.

What is the Bitcoin Clarity Act and why does it matter?

The Clarity Act defines which crypto assets are securities or commodities, providing long-awaited legal clarity that could boost investor confidence.

What is the CLARITY Act and how does it affect Bitcoin?

The CLARITY Act gives Bitcoin a clear regulatory status as a commodity, helping banks and institutions safely integrate it into financial systems.

Is Bitcoin still a good investment in 2025?

Despite short-term volatility, Bitcoin’s fixed supply and rising global adoption make it a long-term store of value for many 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.

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Old Mutual Limited (OTCPK:ODMUF) Analyst/Investor Day October 28, 2025 4:00 AM EDT Company Participants Langa Manqele - Head of Investor Relations Johann Strydom - CEO & Director Zureida Ebrahim - Chief Operating Officer Clarence Nethengwe - Chief Executive Officer of OM Bank Prabashini Moodley - Chief Executive Officer of New Life & Savings Segment Lushendren Pather Ranen Thakurdin - General Manager of Group Reporting & Insights Ray Deftereos Kerrin Land - Managing Director of Personal Finance Clement Chinaka - Managing Director of Old Mutual Africa Regions Celiwe Ross - Director of Strategy, Sustainability, People & Public Affairs Casper Troskie - CFO & Executive Director Prabashini Moodley - CEO of Old Mutual's Life & Savings segment & MD of Old Mutual Corporate Nico van der Colff - Chief Actuary Conference Call Participants Warwick Bam - Morgan Stanley, Research Division Marius Strydom Michael Christelis - UBS Investment Bank, Research Division Bradley Moorcroft Asanda Notshe - Mazi Capital (Pty) Limited Leonard Krüger Presentation Unknown Attendee [Presentation ] Welcome to Old Mutual Capital Markets Day 2025. As we look ahead, today is about unlocking value and growth potential.

SummaryIspire Technology faces a 70% market cap decline post-IPO, with sales dropping 16% due to cannabis sector weakness.ISPR's pivot to e-cigarettes hasn't improved margins; profitability remains elusive, and cash burn continues despite operational tweaks.Wall Street projects strong upside, but I rate ISPR a 'Sell' due to speculative catalysts, insider-related risks, and better alternatives in vaping.A re-rating requires margin improvement, insider buying, FDA approval for age-gating tech, or credible takeover interest—none of which are visible yet. Filmstax/E+ via Getty Images

For IPO investors, Ispire Technology (ISPR) was more of a cough than a puff. A little over two years after its debut, the company’s market cap has gone up in smoke, falling nearly 70%.

And for once, I can't argue with

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

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