Market Signal Briefing

Ethereum [ETH] has once again captured investor attention after a wave of bullish activity across institutional and on-chain fronts. A massive $113 million Ethereum purchase by mining firm Bitmine, combined with a strong rebound in ETF inflows, has reignited market optimism.

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Ripple’s bold move into traditional finance is approaching an important milestone. The company’s application with the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter, proposed under the name Ripple National Trust Bank, has entered its final review window. 

According to official OCC filings, the standard 120-day review period following the application’s publication is set to conclude this Friday, October 31.

Ripple’s Application For A National Trust Bank License
Ripple applied for a national trust bank charter from the Office of the Comptroller of the Currency (OCC) on July 2, 2025. The application was for a national trust bank, not a traditional bank, and is intended to provide fiduciary activities like custody and infrastructure for its RLUSD stablecoin. The application was made in early July and entered a public review phase in October.

The Ripple National Trust Bank application represents Ripple Labs’ strategic expansion into federally supervised financial services. If approved, the charter would authorize the firm to operate a national trust bank headquartered at 111-119 West 19th Street in New York City. The application lists senior figures in the company like Stuart Alderoty, Timothy Keaney, John McDonald, David Puth, and John Zavaglia as the organizers, with Ripple Labs Inc. serving as the sponsoring institution from its San Francisco base.

This move extends the firm’s push beyond cross-border payments into full-scale institutional custody and settlement. It also aligns with the company’s ongoing efforts to establish the RLUSD stablecoin as a regulated, transparent digital dollar. As noted by Ripple CEO Brad Garlinghouse, if approved, the firm would have both state and federal oversight, which is a new and unique benchmark for trust in the stablecoin market. This comment was made by the Ripple CEO in July 2025 as confirmation of the license application.

The 120-Day Review Window And What Comes Next
Under OCC procedures, applications for national trust bank charters undergo a 120-day review to assess governance, capitalization, compliance programs, and management suitability. Ripple’s application entered that timeline after its public filing, meaning the review period ends on October 31. At this point, the OCC may issue an initial decision of approval, denial, or extension, depending on whether additional information is needed.

However, the ongoing US government shutdown could influence the timing of the company’s license review. The payment firm’s application is part of a growing list of crypto-based companies seeking a national trust bank charter as the digital asset industry pushes closer to full regulatory integration with traditional finance. Companies like Circle, Crypto.com, Coinbase, and Paxos have also applied with the US Office of the Comptroller of the Currency (OCC) for national trust bank charters.

XRP trading at $2.55 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Pxfuel, chart from Tradingview.com

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Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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A new upgrade to the Ripple network is giving the XRP Ledger a significant boost in privacy. The company’s developers have added new privacy tools that keep user and payment details hidden during transaction confirmation. The update represents a massive leap for XRP Ledger privacy, allowing users to send and confirm transactions without exposing personal information.

Ripple Developers Add Zero-Knowledge Proofs To The XRP Ledger
According to a new post on X by xrpl.to (@xrplto), Ripple developers have made a significant leap forward for the network’s privacy features, integrating Zero-Knowledge Proofs (ZKPs) into the XRP Ledger. The feature lets users verify transactions on the XRP ledger without revealing any details, such as who sends the funds, who receives them, or how much money moves between them.

The research report attached to the post details how Ripple’s developers have built a system called ZKProver to manage the Zero-Knowledge Proof privacy layer on the XRP Ledger. ZKProver manages every step of the private transaction process, from building secure digital circuits to verifying deposits and withdrawals, all while keeping sensitive data hidden. The privacy engine also handles the cryptographic keys that protect each network operation and guarantees transaction integrity.

The report also notes that the new privacy engine on the XRP ledger generates and verifies proofs to confirm transaction validity without introducing tampering risks. It converts data into secure formats and produces random values that make every transaction unique. This randomness adds another layer of protection, making it nearly impossible to link or trace activities on the XRP ledger. By automating these advanced cryptographic steps, the network can now support shielded transactions without sacrificing speed or efficiency. 

New Privacy Features And Transaction Types Introduced
The integration of Zero-Knowledge Proofs strengthens the XRP Ledger’s privacy by adding shielded transactions that hide key details from public view, making XRP transfers harder to trace. The upgrade also introduces three new private transaction types for shielded transactions, each extending the transactor base class.

ZkDeposit lets users deposit tokens into a private pool that hides the details from view, while ZkWithdraw allows users to withdraw tokens from that pool while keeping the transaction private. Last but not least, ZkPayment lets users send XRP privately between wallets without revealing amounts or addresses to the public.

These transaction types draw inspiration from Zcash, a well-known cryptocurrency famous for its focus on confidential transactions. Ripple’s approach shows how the company is inspired by proven privacy concepts and adapting them to strengthen the XRP Ledger.

The latest update further underscores the XRP Ledger’s growth into a more improved, private, and user-focused network. As privacy remains a key topic in crypto, the Zero Knowledge Proofs privacy upgrade helps the XRP Ledger stand out as a more secure, enterprise-grade blockchain network.

Price fails to hold support | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

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Macroeconomic and geopolitical developments are causing investors to move out of Shiba Inu.

Shiba Inu (SHIB 6.37%) has been falling rapidly Thursday. The cryptocurrency's token price had sunk 7.3% over the past 24 hours of trading as of 6:20 p.m. ET. Meanwhile, Bitcoin was down 3.4%, and Ethereum was down 4.5%.

The cryptocurrency market is getting hit with a wave of bearish trading today, and Shiba Inu is participating in the selling momentum. The meme coin is seeing pullbacks in response to news about interest rates, and there may also be another big factor at play.

Image source: Getty Images.

Shiba Inu slips on murky outlook for interest rate cuts
The Federal Reserve's Federal Open Market Committee (FOMC) met yesterday and voted to lower the U.S.'s benchmark interest rate by a quarter point. Following recent valuation gains for the crypto market, the cut appears to have already been priced in by many investors. Additionally, some investors were hoping that the Fed would announce a half-point rate cut.

More pressingly, Fed chair Jerome Powell raised doubts over whether the FOMC would serve up another rate cut when it meets again in December. Cryptocurrencies tend to perform better in lower-rate environments, and investors have been hoping that the Fed will keep cutting.

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U.S.-China trade news may also be hurting Shiba Inu
President Trump met with Chinese President Xi Jinping in South Korea today, and the two countries reached a trade agreement. While the deal will postpone China's new restrictions on the export of rare-earth minerals, lower tariffs, and secure some wins for the U.S. farming industry, it appears to be more of a short-term deescalation than a full resolution to the disputes between the two countries.

While the U.S. is reducing tariffs on Chinese imports by 10%, many investors were hoping for a larger reduction. If tariffs remain relatively high, it could sustain inflationary pressures and make it more difficult for the Fed to cut interest rates. If so, it could dent bullish momentum for Shiba Inu and other cryptocurrencies.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.

Ripple President Monica Long has described the growing use of RLUSD for real-time payments as “real impact,” following the firm's multiple partnerships.

Cover image via U.Today

Following Ripple’s relentless collaborations with big institutions across the globe, Ripple President Monica Long has stirred discussions after issuing a statement that highlights the firm’s growing adoption for payments.

In a recent X post on Thursday, the president highlighted the growing real-world use cases of the Ripple stablecoin ($RLUSD) after noting that institutions across the globe are increasingly turning to blockchain for faster and more transparent financial aid systems.

RLUSD gains mainstream appeal Long made the statement emphasizing Ripple’s growing number of partners and customers, some of which include World Central Kitchen (WCK), Water.org, Mercy Corps, and GiveDirectly.

According to her statement, these partners and customers are already using Ripple Payments and RLUSD to power real-time global transfers, highlighting its significance in both the crypto and traditional sectors. Notably, this also poses an indirect positive impact on XRP, building more momentum for the leading altcoin.

Long further addressed the partnerships as “Real adoption and Real impact,” noting that they demonstrate how blockchain is significantly transforming financial systems beyond speculation and trading.

Notably, the Ripple President made the statement as the ecosystem prepares for the Swell event, Ripple's most important event of the year. 

While the event sees leaders in crypto, payments, banking, and policy come together to discuss what’s ahead for the future of finance, Long revealed that further information on the Ripple payment technology will be disclosed during the event.

Ripple’s RLUSD to revolutionize traditional banking systems While the iteration of the Ripple stablecoin RLUSD follows plans to foster cross-border payments while facilitating Ripple Payments, the stablecoin also allows charities and enterprises to move funds instantly and efficiently.

With the stablecoin, users can hedge against the delays and high costs that come with traditional banking systems. Long emphasized that the technology represents the future of aid delivery.

Apart from its commitment to fostering cross-border payments, Ripple has also remained focused on boosting utility-driven crypto adoption, providing exclusive blockchain services for financial institutions and the broader traditional sector.

Related articles

XRP is skyrocketing into the financial mainstream as Uphold rolls out a new debit card across the U.S., allowing users to spend over 300 digital assets anywhere Visa is accepted while earning up to 10% in XRP rewards.

Ethereum developers have officially confirmed the highly anticipated Fusaka upgrade for December 3, 2025, marking the network’s second major hard fork of the year. The decision was finalized during the All Core Developers Consensus Layer (ACDC) call #168 on Thursday, following the successful deployment of the upgrade on Hoodi, Ethereum’s third and final testnet. With no issues reported, the upgrade is now ready for activation once the mainnet reaches slot 13,164,544, expected around 21:49 UTC on December 3.

The Fusaka upgrade introduces PeerDAS, a groundbreaking feature designed to enhance Ethereum’s scalability and efficiency. PeerDAS enables validators to verify only specific portions of data instead of entire “blobs,” significantly reducing bandwidth usage and operational costs for both validators and layer-2 networks. This innovation is expected to make Ethereum faster, cheaper, and more accessible for developers and users alike.

Ethereum Foundation researcher Alex Stokes, who leads the ACDC calls, praised the collaborative effort behind the upgrade, saying, “Let’s go ahead and do this. This was a big lift to get this together by this point in time… This is a really cool fork.”

The Fusaka upgrade includes 12 improvements in total, showcasing Ethereum’s ongoing commitment to enhancing network performance and user experience. As Ethereum continues its evolution toward greater scalability and efficiency, the Fusaka hard fork represents a major milestone in the network’s roadmap—one that could strengthen its position as the leading blockchain for decentralized applications and smart contracts.

With the successful rollout of Fusaka, the Ethereum community now looks forward to lower fees, improved data verification, and smoother transactions, marking yet another leap forward in the blockchain’s long-term vision for a more efficient decentralized ecosystem.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Chainlink’s native token, LINK, fell sharply on Thursday, dropping 8% from $18.39 to $16.92 as institutional traders drove heavy sell-offs. The decline pushed LINK below a critical descending trendline, signaling heightened bearish momentum. According to CoinDesk’s market data, trading volume surged to 3.94 million tokens during the breakdown—almost double its average—confirming strong institutional activity behind the move.

Despite recent attempts, LINK has struggled to reclaim the $17 psychological resistance, hovering in a tight consolidation range. Trading activity plunged nearly 58% from session highs, highlighting weak buying pressure and a lack of institutional accumulation, even as the token approaches oversold levels on technical indicators.

Meanwhile, on the fundamental side, Ondo Finance, a leading real-world asset protocol, announced Chainlink as its exclusive provider of price feeds for over 100 tokenized stocks and ETFs. The collaboration extends to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and data services covering corporate actions like dividend updates—enhancing valuation accuracy across multiple blockchains. This strategic partnership underscores Chainlink’s expanding role in the tokenized finance and RWA (real-world asset) sectors.

Adding to market dynamics, the Chainlink Reserve increased its holdings by 64,445 LINK on Thursday, marking its largest purchase since August. The reserve now controls roughly $11 million in LINK, reflecting long-term confidence in the project despite short-term volatility.

For traders, key levels to monitor include resistance at $17.00 and $18.20, while downside targets sit at $16.50 and potentially $16.00 if selling pressure continues. The recent volume spike and trendline break suggest a potential continuation of the correction unless buyers return to defend key supports.

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XRP faced a sharp selloff on Thursday, plunging nearly 8% as heavy institutional selling pressure intensified, driving the token below the critical $2.46 support level. The breakdown ended a month-long consolidation phase, signaling renewed bearish momentum across the market.

The cryptocurrency fell from around $2.65 to $2.48 during the session, losing approximately 6.4% in 24 hours. Trading volume surged to about 392.6 million XRP — nearly 400% higher than its daily average — as multiple support levels collapsed. The decisive breach of $2.46 confirmed a bearish structure, with the final wave of selling occurring on reduced volume, suggesting that major holders may have completed their exits.

The decline aligned with broader market weakness after the Federal Reserve’s hawkish tone dampened risk appetite, even as U.S.–China trade sentiment improved. Technical indicators reinforced the bearish view, with both the Relative Strength Index (RSI) and MACD flashing sell signals. The breakdown of $2.46 has turned the zone into fresh resistance, while downside targets now lie between $2.30 and $2.40.

Market analysts caution traders to stay vigilant. Unless XRP reclaims and holds above the $2.50 level, bearish momentum could extend toward lower price ranges. The steep selloff, coupled with declining recovery volume, points to distribution rather than accumulation — a key sign of weakening investor confidence.

Traders are advised to monitor on-chain whale activity and futures open interest, which may reveal further structural risks. Although potential macro catalysts like regulatory updates or trade optimism could spark short-term rebounds, the prevailing technical setup suggests continued weakness until XRP establishes a firm support base.

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Pi Coin’s volatile October left investors cautious, with CMF data showing outflows as traders take profits instead of reinvesting.The Squeeze Momentum Indicator signals a buildup phase, hinting at a potential volatility expansion that could trigger a sharp bullish move.Trading at $0.254, Pi Coin must reclaim $0.260 to target $0.300 and $0.360, while failure to hold $0.229 risks a drop toward $0.209.Pi Coin experienced a volatile October, marked by sharp price swings that saw the altcoin both crash and recover within weeks. While this turbulence briefly restored investor optimism, the broader outlook remains cautious. 

Despite the rebound, Pi Coin price still faces an uphill battle to regain lost momentum, and current market signals suggest that many investors may not be fully committed to another recovery attempt in November.

Pi Coin Investors Show SkepticismThe Chaikin Money Flow (CMF) indicator shows that investors are retreating from Pi Coin. This week, the CMF fell below the zero line, signaling that outflows now dominate the market. This trend indicates weakening confidence as traders cash out profits from the recent rally rather than reinvesting.

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Such consistent outflows often signal that buying demand is drying up, limiting upside potential. If selling pressure persists, it could dampen Pi Coin’s prospects heading into November. Without a shift in sentiment, maintaining current price levels may become increasingly difficult for the altcoin.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Pi Coin CMF. Source: TradingViewThe Squeeze Momentum Indicator, however, paints a more nuanced picture. The indicator is showing a squeeze building at the moment, suggesting that volatility could soon expand. As the bars begin to shift toward positive momentum, the indicator implies growing bullish potential in the background.

A squeeze release in an uptrend often triggers explosive price movement. If this occurs during a period of renewed optimism, Pi Coin could experience a sharp rise. Investors and traders alike should watch closely for signs of confirmation that the squeeze is ready to release, which could determine the tone for November’s price action.

Pi Coin Squeeze Momentum Indicator. Source: TradingViewPI Price Recovery Has A Long Way To GoAt the time of writing, Pi Coin trades at $0.254, sitting just below the $0.260 resistance. The immediate short-term goal for the token is to reach the $0.300 psychological level, which would strengthen bullish confidence.

However, if investor sentiment remains weak and inflows fail to pick up, Pi Coin’s price may fail to breach $0.260. A breakdown through $0.229 could push it lower toward $0.209, deepening the current correction.

Pi Coin Price Analysis. Source: TradingViewConversely, if the altcoin gains momentum and climbs to $0.300, it would represent an 18% rise, potentially attracting new inflows. A sustained push could extend the rally toward $0.360, helping Pi Coin recover September’s losses and invalidate the bearish thesis.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Vincent Scott, a well-known voice in the XRP community, urged patience while restating a big claim: he called XRP and the XRP Ledger humanity’s “best chance” to change how money moves around the globe.

His message, shared on X, mixed optimism about Ripple’s corporate moves with a warning that legal clarity must come first.

License Moves And Market Positioning
According to Scott, Ripple’s licensing work, recent acquisitions and new partnerships show the company is lining up for much bigger demand for XRP.

He argued the token’s real value is practical — it can act as gas for transactions or as a bridge currency to move value between different systems.

XRP/XRPL is the best chance we got

We see Ripple the company making all the moves to drive demand and solidify themselves with licensing, acquisitions, and relationships

We know the laws are the goalpost

We understand the concept of it: that XRP is backed by its use to…

— VincentScott (@VincentSco72192) October 26, 2025

Economic And Political Impact
Scott believes these changes could cut fraud, increase competition among banks and other payment providers, and speed up settlements.

He also suggested that if countries needed smaller foreign reserves because payments were easier and cheaper, that would shift long-held financial balances.

That kind of shift could face strong pushback. Scott noted a decentralized payment and reserve setup “ruins the existing power structure,” meaning political resistance is likely.

XRPUSD currently trading at $2.51. Chart: TradingView
Community Voices Split
The post prompted a range of reactions from within the XRP crowd. Nenad Stojkovic said Ripple stands out because of its infrastructure and regulatory steps, calling it a rare “serious financial company” in crypto — a view Scott agreed with.

One user, SonOfRichard, argued Ripple’s new product Ripple Prime might lift XRP even without new laws, since it’s already compliant with some rules.

Scott pushed back, replying that real progress still needs clear laws. Other voices were critical; Tommy Raz questioned the company’s top leaders.

He spoke in their favor, saying their actions match the stated mission and that some online comments, especially from Ripple’s CTO David Schwartz, get misunderstood.

I find the #XRP vs ETH debate, and who will outperform fascinating. Certainly Ethereum will fairly soon explode, however, I am coming back to this XRP/ETH chart. Take a look where the bounce occurred and what happened when XRP bounced from that support (twice) in 2017. Also, the… pic.twitter.com/8MlLWi2cjy

— CryptoBull (@CryptoBull2020) October 28, 2025

Market Snapshot And Analyst View
Meanwhile, a separate market watcher, CryptoBull, said Ethereum is set to surge soon but predicted XRP would outperform ETH in the near term.

Based on market moves, ETH recovered 9% to over $4,200 on Oct. 27 while XRP climbed 10% to $2.68 in the same stretch. Both later fell from those highs.

ETH remains only up 1.4% from its Oct. 22 lows. XRP, by contrast, has kept a 6% gain and sits above the key $2.5 mark.

According to Scott, no major shift will happen until regulators and lawmakers finish their work. He pointed to comments from Rep. French Hill, chair of the House Financial Services Committee, who said Congress could pass the CLARITY Act by the end of the year if the Senate moves.

Featured image from Unsplash, chart from TradingView

Ether (ETH) fluctuated in a tight range as trading volume rose, reflecting broader market caution following comments from Federal Reserve Chair Jerome Powell that a December rate cut was not guaranteed. The S&P 500 fell 0.99% to 6,822.34, and the Nasdaq dropped 1.57% to 23,581.14, while the VIX climbed to 17.22. The U.S. Dollar Index (DXY) strengthened to 99.52 as investors weighed the uncertain macro outlook and lack of progress in U.S.-China trade talks. Meanwhile, Ethereum developers confirmed the Fusaka network upgrade for December 3 after the October 30 coordination call.

Technically, Ether’s decline from the $3,921 resistance zone followed a broader crypto sell-off, with institutional flows turning negative. The token slid from $3,921.43 to $3,731.00, marking a 5.9% drop before rebounding 1.35% to $3,771.82. The breakdown below $3,880 triggered heavy volume — a 103% surge over the 24-hour norm — highlighting strong selling pressure before buyers regained control near $3,731. Session volume finished 32% above the seven-day average, suggesting heightened trader engagement but limited conviction in either direction.

Analysts note that losing $3,880 confirmed resistance strength, while reclaiming $3,760 signals tentative buyer interest. The near-term trading range now stands between $3,730 and $3,880, with resistance at $3,840–$3,880 and support at $3,700–$3,720. Moderate rebound volume implies accumulation rather than a short squeeze.

If buyers push above $3,840, ETH could retest $3,880 and potentially $3,920. Conversely, a failure to hold $3,760 exposes $3,700, with $3,650 as the next downside risk. With elevated participation and a defined price band, traders are watching for a decisive breakout to determine Ethereum’s next move.

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Aave’s governance token, AAVE, saw a steep drop this week, falling over 16% from Monday’s high of $248 to around $208 by Thursday. The decentralized lending protocol’s token lost 8% in a single day, signaling strong bearish momentum even as other major DeFi tokens showed resilience.

According to CoinDesk Research’s market insight tool, AAVE formed a pattern of lower highs and lower lows, a technical indicator of sustained downside pressure. Trading volumes surged more than 40% above the seven-day average, pointing to active selling and repricing rather than a gradual decline.

The token also underperformed the CoinDesk 5 Index (CD5), which slipped roughly 4%, highlighting AAVE’s broader market weakness. The downturn came despite impressive performance from Aave’s institutional real-world asset lending platform, Horizon, which has surpassed $450 million in growth since launching just two months ago.

From a technical standpoint, AAVE’s $211 support level failed, paving the way for potential further losses. Previous attempts to rebound were capped at $235, reinforcing this area as a strong resistance zone. Analysts also observed three major volume spikes at $228, $219, and $213, confirming intensified selling activity. The token’s $26.88 trading range, reflecting an 11.4% overall decline, reinforces its current bearish outlook.

Traders are now watching for signs of stabilization or a deeper pullback, as a failed recovery near $212.70 could extend losses further. With market sentiment weakening and technical indicators favoring sellers, AAVE’s near-term outlook remains cautious despite its ongoing institutional adoption through Horizon.

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CEO Brian Armstrong said Coinbase is "long on Bitcoin" as company added $299 million worth of the cryptocurrency during the third quarter.

Strategy, trading on Nasdaq under several tickers including STRF, STRC, STRK, STRD, and MSTR, has finally snapped back into profit. The company, which calls itself the world's first Bitcoin Treasury Company, posted net income of $2.8 billion for the third quarter ending September 30.

Key NotesJump Crypto sold 1.1 million SOL tokens worth $205 million and immediately purchased $265 million in Bitcoin within minutes.Derivative markets showed increased short positioning with futures volume rising 7% and a long/short ratio of 0.93 indicating bearish sentiment.The decline threatens Solana's $100 billion market cap milestone despite recent approval of the first spot Solana ETFs in the United States.
Solana

SOL
$182.2

24h volatility:
7.2%

Market cap:
$100.03 B

Vol. 24h:
$8.33 B

price tumbled to $182 on Oct. 30, recording an intraday decline of nearly 6% as its market capitalization slipped to $100.1 billion. This marks Solana’s sharpest one-day drop since the Oct. 10 market crash, when Trump’s deferred tariff announcement on China triggered nearly $19.4 billion in global crypto liquidations.

The latest selloff coincides with a significant move by institutional trading firm Jump Crypto, which offloaded 1.1 million SOL for $205 million before acquiring 2,455 BTC for $265 million worth of Bitcoin

BTC
$107 734

24h volatility:
3.5%

Market cap:
$2.15 T

Vol. 24h:
$73.37 B

within minutes.

Jump Crypto appears to be rotating a large amount of $SOL into $BTC!

In the past 15 minutes, Jump Crypto transferred the unstaked 1.1M $SOL($205M) to #GalaxyDigital and received 2,455 $BTC($265M) in return.https://t.co/8EmhKZXhm0 pic.twitter.com/J1kglXO3IO

— Lookonchain (@lookonchain) October 30, 2025

The value of Jump Crypto’s total staked assets in USD has declined by 29.65% in the last 30 days according to StakingRewards. However, the firm remains a major Solana stakeholder with 73% of its $202.78 million in total staked assets under management held in SOL at press time.

Solana Traders Anticipate More Downside
Comments on the post from Lookonchain suggest market participants interpret Jump Crypto’s asset rotation as a flight to safety trade, particularly ahead of potentially volatile trade negotiations between the US and China.

This rotation is significant and worth watching closely. When a major player like Jump moves 200 million plus from SOL to BTC, they're making a clear statement about where they see value and stability right now. Could be positioning for a Bitcoin run or simply risk management,…

— redpicnic (@redpicnic) October 30, 2025

Derivative market metrics reinforce this bearish sentiment. According to Coinglass data, Solana futures contracts trading volume rose 7% to $32.61 billion, while open interest increased by 2.28% to $10.32 billion within the same 24-hour window.

Solana derivatives market analysis, Oct. 30, 2025 | Source: Coinglass

Combined with a 0.93 long/short ratio, the 6% spot SOL price decline indicates that newly opened positions were primarily shorts. Elevated trading volume also reveals long traders actively closing positions to avert further downsizing.

A decline below $180 would see Solana lose the $100 billion market valuation milestone momentarily. The Jump Crypto’s move comes after first spot Solana ETFs began trading on US exchanges on Oct. 28, 2025, with Bitwise’s Solana Staking ETF (BSOL) launching on the NYSE, with $69.5 million in first-day takings.

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.

Solana (SOL) News, Cryptocurrency News, News

Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.

Ibrahim Ajibade on LinkedIn

Ethereum's recent derivatives explosion has reignited discussions about the next major rally for the world's second-largest cryptocurrency. With trading volumes on Binance reaching a staggering $560 billion in October, Ethereum's market activity reflects renewed institutional and retail interest as it consolidates near the $4,000 level.

Despite bullish scarcity signs, Binance’s Whale Ratio rose to 0.41, hinting large holders may be preparing to sell.

Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly.

This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze.

Conflicting Signals from Large Holders
Data from October shared by Arab Chain shows that Binance’s Bitcoin Scarcity Index moved upward through the month, jumping sharply in late October to exceed a reading of 9. This index is a direct measure of the reduction in Bitcoin supply available for immediate trading on the exchange.

In simple terms, a rising index means the amount of Bitcoin sitting on Binance that is available for purchase is gradually falling. The analytics platform clarified that this typically points to an accumulation phase, where large investors and whales are buying and withdrawing BTC from Binance, effectively taking them off the market.

“This is generally considered a positive long-term signal that supports the likelihood of continued upside in the medium term, despite short-term price fluctuations, as buyers appear to be racing to acquire Bitcoin in the market,” noted Arab Chain.

The assessment also pointed out that such supply drops are often linked to positive news or sudden capital inflows. However, it also presented a critical caveat: scarcity alone cannot push prices higher. For a major price increase to occur, this limited supply must be met with genuine new demand from an increasing number of buyers.

Still, this positive accumulation signal is not the only story. Another metric tells a different tale. The 7-day average of Binance’s Exchange Whale Ratio has also climbed steeply, rising from around 0.33 on October 12 to approximately 0.41 between October 22 and 25.

This ratio measures large deposits to the exchange, and such a sustained increase has historically indicated that major holders are preparing to sell, creating a wall of supply that can slow or reverse a price rally. It creates a complex picture where one set of data suggests holding, while another points toward potential selling.

You may also like:

Crypto’s Biggest Wipeout Sends Traders Flocking to Spot Markets

Whale Wars: Bulls and Bears Battle for Control on Hyperliquid

Coinbase Exec Says Big Bitcoin Buyers Have ‘Ghosted’ Since October Crash

Broader Market Trends
The movement of coins off exchanges is not solely about whales holding in private wallets. A growing trend shows that some large BTC holders are shifting their assets into spot Bitcoin ETFs like those from BlackRock.

These “in-kind” transfers allow whales to swap their Bitcoin for ETF shares without creating a taxable event, a process that could act as another drain on the liquid supply available on crypto exchanges.

Meanwhile, in the market, BTC was priced at $110,232 at the time of writing, dipping from the $111,400 level it was trading at yesterday, when the U.S. Federal Reserve announced its second consecutive interest rate cut. While it’s up 1.2% over seven days, the 30-day view shows a 3.4% decline, and it remains more than 12% below the new all-time high past $126,000 it attained in early October.

Key NotesThe new blockchain addresses bot activity affecting 75% of gamers through 147 billion monthly automated requests.Verified human players receive priority blockspace and fairer matchmaking while reducing gas fees from bot-driven traffic.Worldcoin plans investment in Mythical's Series D round to scale infrastructure reaching 1 billion verified users.
World Chain, the blockchain of Worldcoin

WLD
$0.78

24h volatility:
11.7%

Market cap:
$1.77 B

Vol. 24h:
$172.86 M

, and Mythical Games have announced a partnership to create Mythos Chain, a Layer 3 blockchain built on World Chain, which was made public on Oct. 30.

The initiative aims to integrate Mythical Games’ titles—NFL Rivals and FIFA Rivals—using World Chain’s World ID for proof-of-humanity verification. They plan to take this measure to counteract bot-driven activity in blockchain gaming, a pressing problem reflected in more than 147 billion monthly bot requests that impact three-quarters of all gamers.

How do They Plan to Make it Work?
By onboarding players with World ID, Mythos Chain looks to minimize bots, smurfs, and non-human asset flows within game ecosystems. The partnership is designed to support fairer player matching, leaderboard results, and in-game rewards tied to verified human accounts.

Mythos Chain will allocate priority blockspace on the World Chain to users who pass proof-of-humanity, seeking to reduce the influence of automated traffic and manage the costs associated with inflated gas fees. They also plan to transition Mythical’s game assets and marketplaces to this blockchain stack, according to the announcement.

It's a Mythical World. ✨@worldcoin meets @playmythical to bring humanness back to gaming for millions.

Mythical's marketplaces, digital character assets, MYTH token, and Mythos Chain, the first L3 built on World Chain, are making their way to the real human network. pic.twitter.com/4gjqy3VrzS

— World Chain (@world_chain_) October 30, 2025

As part of the announcement, Mythical Games CEO John Linden stated, “Joining forces with World Chain means our player-owned economies will operate at the highest level of trust. This partnership marks only the start of what’s next from Mythical Games and the MYTH Foundation.” Linden further emphasized that Mythos Chain will be EVM-compatible, enabling new products and integrations in future releases.

Delighted to announce our partnership with World Chain.

We've always made bold bets with strong partners, and moving forward, joining forces with World Chain means our player-owned economies will operate at the highest level of trust.

There is more to this partnership too,… https://t.co/Suyd3f2tzj

— John Linden (@johnwastaken) October 30, 2025

The Future of Mythical Games and Worldcoin
The collaboration coincides with reports that Mythical Games is seeking a Series D funding round, with Worldcoin planning to invest and embed its proof-of-humanity technology across Mythos Chain to reach 1 billion human users. According to early disclosures, these upgrades aim to create scalable infrastructure for blockchain gaming, leveraging Ethereum’s security while prioritizing verified, human participation.

Further details about Mythos Chain and its extended product roadmap are expected in the coming months, as Mythical Games and World Chain continue to expand their collaborative 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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José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.

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This week, crypto market intelligence platform Messari released its Q3 State of XRP Ledger (XRPL) report, revealing a maturing network that continues to draw institutional attention. The data points to stronger engagement, increased transaction volumes, and a growing number of new addresses, signaling that the Ledger is evolving from a retail-heavy blockchain into one increasingly driven by enterprise-adoption and Real-World Asset (RWA) tokenization. 

Institutional Activity Reflected In XRP Ledger Network Growth
Messari’s report highlights clear signs of institutional movement within the XRPL network during Q3 2025. Average daily transactions rose 8.9% Quarter-Over-Quarter (QoQ), from $1.6 million to $1.8 million. Likewise, the average daily active sender addresses increased by 15.4% from 21,900 to 23,300, while total new addresses rose by 46.3% to 447,200. Overall, the Ledger closed the quarter with 6.9 million total addresses, up 6.1% from the previous quarter, according to Messari’s metric chart. 

Notably, for the fifth consecutive quarter, Messari notes that the number of active receiver addresses on the Ledger continued to surpass the number of active sender addresses. In Q3 2025, average daily receivers declined 30.01% QoQ, falling from 72,000 to 50,300, while average daily senders rose 15.4% from 21,900 to 25,300. 

Source: Chart from Messari on X
Despite the drop in receiver activity, data shows that total network throughput strengthened, with average daily transactions climbing 8.9% QoQ to $1.8 million. This reflects a more concentrated and higher-value transaction flow, typically linked to custodians and CEXs, which use destination tags to manage deposits for institutions and large groups of users. 

Messari also reported that “Payment” transactions on XRPL remained dominant, representing 55.7% of total network activity, while “OfferCreate” transactions, which submit orders to exchanges, increased to 33.2%. This marks the seventh consecutive quarter that Payments have led transaction types. 

Data shows that payment volume rose 1% QoQ to 986,600 after a previous decline, while OfferCreate activity showed growing liquidity operations among institutional market makers. OracleSet, used to create or update on-chain price oracles, also rose to 0.7% of all transactions, underscoring the Ledger’s growing integration with asset pricing and financial data feeds since their activation in late 2024. 

Infrastructure Upgrades And ETFs Signal XRPL Institutional Adoption 
The second half of Messari’s report highlights structural developments in the XRPL ecosystem aimed at facilitating institutional adoption. Data reveals that the Ledger introduces Multi-Purpose Tokens (MPTs) that embed metadata for RWA parameters. 

It also implemented confidential MPTs secured by Zero-Knowledge Proofs (ZKPs) and advanced credential systems supporting KYC and AML compliance. Together, these upgrades address the network’s identity, financial, compliance, and privacy requirements, laying the foundation for widespread institutional adoption. 

Messari further reported that Institutional sentiment is further supported by the pending approval of seven US Spot XRP ETF applications. Notably, the US Securities and Exchange Commission (SEC) is expected to issue its decision between October 18 and November 14. Polymarket currently assigns a 99% probability that a US XRP ETF will be approved in 2025.

XRP trading at $2.56 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Pxfuel, chart from Tradingview.com

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On October 30, 2025, EOS experienced a sharp decline in value, plummeting by 10% as a wave of sell-offs hit the market. This significant drop brought EOS to a critical support level, intensifying concerns among investors and market analysts about the token's immediate future.

“The fact that other chains are faster or cheaper is irrelevant, in our view,” Standard Chartered's Geoffrey Kendrick said.

Journalist

Posted: October 31, 2025

Key Takeaways
Why do Coinbase and Strategy’s earnings matter to Bitcoin investors?
Both firms are expanding BTC holdings, signaling that institutional conviction remains strong even as prices dip.

Could this trend affect Bitcoin’s next move?
Continued balance sheet accumulation could anchor BTC’s price in the $105K–$110K zone and trigger a recovery if demand stays firm.

Coinbase and Strategy Inc. [formerly MicroStrategy] posted strong Q3 2025 earnings. The earnings report signals a deepening wave of institutional Bitcoin accumulation even as the asset trades lower near $107,000.

Coinbase doubles down
Coinbase reported $1.8 billion in revenue and $433 million in net income, marking its strongest quarter since 2021. 

CEO Brian Armstrong confirmed the company’s expanding exposure, stating, “Coinbase is long Bitcoin. Our holdings increased by 2,772 BTC in Q3 — and we keep buying more.”

Source: X

According to data from Bitcoin Treasuries, Coinbase now holds 14,548 BTC, making it the ninth-largest holder.

The exchange’s stablecoin revenue climbed to $355 million, while derivatives trading volume surpassed $840 billion, earning Coinbase the top position among U.S. exchanges offering 24/7 perpetual contracts. Its assets under custody now stand at $300 billion.

Strategy’s Bitcoin-led windfall
Strategy Inc. recorded $2.8 billion in quarterly profit and $12.9 billion in unrealized BTC gains. The firm now holds 640,808 BTC, valued at around $70.9 billion at current market prices. 

It remains the largest corporate holder of BTC, according to data from Bitcoin Treasuries.

The company is targeting a 30% annual BTC yield by year-end — a sharp contrast to traditional treasury strategies, reflecting its commitment to Bitcoin as a primary reserve asset.

Institutional accumulation deepens
The reports from Coinbase and Strategy show that corporations are no longer just supporting ETFs, they are buying Bitcoin directly and expanding crypto-linked revenue streams.

This trend coincides with stablecoin market growth past $160 billion, record on-chain derivatives volumes, and a rise in corporate treasury exposure.

Together, these highlight the growing institutional infrastructure surrounding Bitcoin.

Bitcoin outlook
Bitcoin has declined by approximately 2% over the past 24 hours to $107,585, despite institutional optimism. On-chain data and exchange flows suggest continued accumulation in the $106K–$115K range.

Source: TradingView

A move above $110K could reignite momentum if these corporate inflows persist into November.

Alibaba's advanced Qwen3-MAX AI predicts that anyone holding Solana, XRP, and Cardano will be their own Santa Claus when Christmas rolls around.Crypto's traditional “Uptober” rally faded quickly after President Donald Trump introduced sweeping 100% tariffs on goods imported from China barely a week in. Yet optimism has returned following the recent U.S.

Crypto analyst Osemka is drawing a direct structural comparison between XRP’s current consolidation and the final base gold printed before its breakout to fresh highs. According to his charts, XRP/USD on the two-day timeframe is trading in what he characterizes as a reaccumulation range rather than a topping pattern.

Will XRP Follow Gold’s Pattern?
The structure is labeled in classic Elliott Wave A-B-C form, with the C leg ending in what he calls a “Spring.” The October 10 crash marks the Wyckoff terms the final violent liquidation wick that clears late longs and forces capitulation before the next markup phase.

XRP vs gold: ABC pattern | Source: X @Osemka8
The XRP chart shows price capped by a horizontal resistance band near the local top marked “B,” with that B high sitting above $3.40 and extending toward roughly $3.66 at the peak. After that move, XRP retraced into a sideway band where Osemka labels internal subdivisions “a,” “b,” and “c,” implying a corrective internal chop inside the broader range.

The lower boundary of the range is drawn in the $1.62 area. This lower boundary is simultaneously labeled “A” and described as the base of Reaccumulation, implying that buyers repeatedly defended that zone. The subsequent rally back toward the upper boundary defined the “B” top. What followed was a final flush into “C,” which he explicitly tags “Spring,” with the wick piercing below prior support and then snapping back above $2.20–$2.30 and into the ~$2.58 region shown on the chart.

The message is that the C wave was fast, deep, and terminal. He calls it “a sharp ending in the C wave,” adding that this is “very common.” In classical Elliott interpretation, an A-B-C corrective move that ends with an aggressive C spike often resolves with trend continuation in the direction of the original impulse. In his wording, the surge established the impulse, and everything since has been digestion, not distribution. He argues that “it is hard to see this range as anything less than a long reaccumulation after November’s surge.”

Notably, Osemka places XRP’s pattern next to gold’s weekly chart during its own multi-quarter sideways phase. Gold’s structure is annotated almost identically: an “A” low anchored around roughly $1,680–$1,700 per ounce, a mid-range chop labeled “a / b / c,” a “B” high pressing into the $2,050–$2,100 ceiling, and finally a “C” leg that undercut that same $1,700 floor before reversing.

When gold finally pushed through the long-capped $2,100 area in July 2024 and broke into sustained new all-time highs near $2,480, that break acted like a trigger: safe-haven demand, Fed rate-cut expectations and central bank buying drove an almost uninterrupted vertical phase in the metal, and over the following months gold kept taking out round numbers — $2,500, $3,000, $4,000 and beyond — ultimately stretching more than 80% higher from that $2,100 breakout zone to reach about $4,381 per ounce at the peak.

By placing XRP and gold side by side, using the same lettering, same boundary logic, and the same “Spring” terminology, Osemka is presenting XRP as sitting at the equivalent moment gold occupied just before its parabolic run.

“This one is for the XRP community, where I see some gurus preaching for the end of the cycle. Bros, it is hard to see this range as anything less than a long reaccumulation after November’s surge. In Elliott wave terms: an ABC with a sharp ending in the C wave. Very common. Last shakeout or Spring. There is basically no difference to this reaccumulation example on Gold years ago. Thank me later,” the analyst concluded.

At press time, XRP traded at $2.49.

XRP drops below the 0.5 Fib, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com