Market Signal Briefing

Bitcoin slips to $108K after Fed remarks—Bitcoin price prediction hints at a looming breakout or deeper correction.

Wed, 22/10/2025 - 13:04

Ripple CTO David Schwartz has issued a crucial warning that phishing emails are now the biggest danger to hardware wallets, a threat hitting not only XRP holders but the wider crypto market.

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As the crypto market experiences not-the-most-encouraging period, Ripple CTO David Schwartz has flagged a surge in phishing attempts aimed at users of hardware wallets, with inboxes filling up with messages disguised as firmware upgrades or verification checks.

The bait is always the same, outlines Schwartz: a request to type a seed phrase into a page or form that is not the hardware wallet itself. What happens after the phrase is entered? Yes, the funds are gone.

It is no coincidence that the Ripple CTO caught the increase in such malicious activity. The market is not in a "good mood," and many investors prefer to be in stablecoins, which are usually stored in cold wallets. That is why hardware becomes a point of attraction for bad actors, and the "best" way to scam them is through social engineering, of course.

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Huge increase in phishing emails claiming hardware wallet security upgrades or verification processes. Ignore any such messages you receive unless you can independently confirm them and NEVER enter a hardware wallet's seed phrase into anything other than the hardware wallet.

— David 'JoelKatz' Schwartz (@JoelKatz) October 21, 2025 Phishing remains the single most effective form of attack in crypto, and even large platforms have been dragged under by it. 

Coinbase revealed earlier this year that social engineering attempts against its support staff had cost the company an estimated $400 million. Those were not exploits of blockchain code but direct manipulation of people, convincing them to hand over access or to authorize actions that drained balances.

Crypto's "weak point"Schwartz’s alert lands at a moment when wallet makers are already struggling to keep up with increasingly sophisticated campaigns, where cloned websites, AI-voiced calls and spoofed domains are standard practice.

Hardware wallets are still the last line of defense, but they only hold if the seed phrase never leaves the device. Phishing sidesteps cryptography and exploits trust, which is why Schwartz framed the spike as urgent. The real "weak point" in crypto is not code, it is human error — and the cost of one mistake can be measured in the millions.

Related articles

Aave DAO is considering a proposal from Marc Zeller's Aave Chan Initiative to create a permanent $50 million annual token buyback program.

The ENA price has demonstrated a remarkable rebound after a steep decline earlier this month. On October 10, Ethena price crashed to $0.14, triggering widespread liquidations. 

However, large-scale institutional buying quickly followed, propelling ENA nearly 200% higher from its lows. This swift recovery shows a strong accumulation by investors that were eager to capitalize on discounted prices.

As of today, ethena ena price USD trades around $0.46, that’s up 2.65% intraday, after testing support from a rising short-term trendline. 

The weekly price movement, which saw ENA climb from $0.35 to $0.50, indicates a healthy rebound structure despite facing resistance near its 20-day EMA. With both the 20-day and 200-day EMAs still overhead, the token continues to consolidate below, awaiting a stronger bullish trigger.

Neutral Funding Rates and TVL Stability Strengthen Market OutlookWhile price volatility still remains a major factor, but for now the derivatives data shows a balanced sentiment among traders. Funding rates have stabilized around +0.0033%, recovering from a sharp negative dip of -0.0753% on October 11. 

Currently, it reflects a neutral bias in the market, suggesting that both longs and shorts are evenly positioned; however, on the rising bulls’ demand, funding rates could rise again.

Additionally, despite the turbulence this month, ENA price chart data suggests that accumulation continues to persist. 

As witnessed, Ethena’s total value locked (TVL) fell from its all-time high of $14.97 billion to $11.26 billion, yet this still represents nearly a 25% decline, which is much lower than how other altcoins crumbled and still holds significant value in TVL that represents investors’ good trust in Ethena. Such resilience highlights the strong underlying fundamentals supporting ENA crypto.

Rising Fees Signal Growing Demand for Ethena’s EcosystemAnother notable metric reinforcing the bullish narrative is Ethena’s cumulative fee revenue, which recently hit an all-time high of $578 million, according to DeFiLlama. A rise in network fees typically reflects heightened user activity and competition for transaction processing. This a strong indicator of increasing protocol usage and directly highlights adoption growth.

For Ethena, this surge in fees is closely tied to the expanding adoption of its synthetic dollar product, USDe. This rise displays that the platform’s services continue to attract more users even during periods of price correction. The elevated fees add weight to the idea that network demand remains robust, reinforcing long-term confidence in the project’s economic model.

ENA Price Prediction 2025: Key Levels to WatchFrom a technical perspective, ENA price USD is approaching a critical support zone previously breached in November last year when it rallied to $1.30. This area now serves as a major resistance-turned-support zone. 

Analysts note that a daily close above the $0.65 horizontal resistance roughly a 50% increase from current levels could open the path toward $1.30 and even $1.51.

However, Ethena price prediction suggests that if the token fails to break out, then a possible consolidation phase or even a retest of lower supports near $0.20 is possible. 

Overall, despite short-term hurdles, institutional demand, steady funding rates, and rising fees collectively point toward a potentially constructive setup for ENA price heading into late 2025.

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Financial Conduct Authority's (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Purchase Licensing Rights, opens new tab

LONDON, Oct 22 (Reuters) - Britain's markets regulator has filed a lawsuit against HTX, a global crypto exchange advised by Chinese entrepreneur Justin Sun, accusing it of unlawfully promoting crypto asset services to UK consumers.

The Financial Conduct Authority said on Wednesday it had launched civil proceedings in London's High Court against HTX, formerly known as Huobi, for breaching Britain's financial promotions regime. HTX is not authorised to operate in Britain, the FCA's website shows.

Sign up here.

"This action is part of our commitment to protect consumers and uphold the integrity of UK financial markets," an FCA spokesperson said, declining to comment further.

Representatives for HTX did not immediately respond to a request for comment.

HTX ADVISED BY CHINESE ENTREPRENEUR JUSTIN SUNHTX was founded in 2013 and names Sun as a global adviser. Sun is a prominent backer of the Trump family's crypto venture World Liberty Financial, having spent at least $75 million on the project's crypto tokens.

A wallet labelled "SUN", identified by blockchain analysts as belonging to HTX, was also the top holder of U.S. President Donald Trump's "$TRUMP" memecoin.

The FCA, which says it wants to develop a competitive and sustainable cryptoasset regime, introduced new rules in 2023 for firms promoting crypto assets. They need authorisations and have to register with the FCA under money laundering regulations.

However, HTX is currently on the FCA's warning list, which names companies that consumers should avoid dealing with.

The FCA's case has been filed against Huobi Global and four groups listed as "persons unknown" to cover individuals such as the owners, operators and heads of promotions at the business.

Reporting by Kirstin Ridley and Elizabeth Howcroft. Additional reporting by Sam Tobin. Editing by Mark Potter

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Elizabeth Howcroft reports on finance and technology, including Europe's "fintech" industry and cryptocurrencies. She was part of the team which won a Loeb award and SABEW award for covering the collapse of crypto exchange FTX in 2022.

Kadena, the blockchain platform known for its hybrid proof-of-work architecture, has announced it will cease all business operations due to market conditions. While the company is shutting down, the Kadena blockchain and KDA token will continue operating under community and miner control.

Wed, 22/10/2025 - 13:32

XRP is slowly getting ready for a spike in new users, which is most likely going to push things to new limits.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The XRP Ledger data shows a 60% increase in daily activations, along with a notable increase in new XRP accounts, that has captured market attention this week. More than 5,000 new accounts were created on Oct. 21, the most in weeks, indicating a resurgence of user interest at a time when the larger XRP market has been having trouble stabilizing.

XRP is growing on-chainDespite the fact that price action is still muted, trading at about $2.38 following several unsuccessful attempts to break through the resistance level of $2.70, this on-chain activity may indicate underlying accumulation or an impending network event. Historically, either as early adoption stages or as speculative build-ups, comparable spikes in user creation have come before significant price movements.

XRP/USDT Chart by TradingViewBut the on-chain data presents a complex picture. The volume of payments between XRP accounts and the number of successful transactions have been steadily declining since early October, despite the increase in new users. The number of transactions has decreased from almost one million to less than one million per day, and the volume of payments has decreased from more than one billion XRP to about 500 million.

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RSI pushing to weak momentumAlthough new users are joining the network, this divergence implies that real on-chain utility is still low. The 50-, 100- and 200-day major moving averages are all serving as resistance above the current price levels, and XRP is still in a descending channel, when looking at the market structure. The Relative Strength Index, which is currently at 38, suggests that momentum is weak and that bearish pressure may continue to prevail unless XRP makes a strong break above $2.70.

If this spike in new accounts results in active usage in the near future, especially in terms of increased transaction volume or payment throughput, there will be a new wave of growth on the market. If so, it might be an indication of increased remittance or institutional activity, which could support a recovery. However, if the increase is only speculative, XRP may experience another decline to $2.20 or even lower.

The abrupt surge in new users has temporarily raised cautious optimism, but the market is still in a wait-and-see phase in the absence of a corresponding increase in activity or price.

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Wed, 22/10/2025 - 13:41

20,900,000,000,000 SHIB activity seen on the crypto market as Shiba Inu faces its next crucial test, with bulls determined to erase a zero from its price tag.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu extended its drop from its Oct. 21 high of $0.0000105, pausing bulls' mission to decisively erase a zero from its price tag.

Shiba Inu's pullback from Monday's high of $0.0000105 marked a setback to the recovery from the Oct. 17 low and is indicative of how fragile sentiment remains heading into the final stretch of October.

At press time, SHIB was down 0.68% in the last 24 hours to $0.000009915, coinciding with Bitcoin's price drop.  Bitcoin briefly surpassed $114,000 on Monday before losing most of its gains, leading to significant liquidations on the crypto market.

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Over $748 million in leveraged positions were liquidated according to CoinGlass data, split between long and short positions.

20.9 trillion SHIB tradedAccording to CoinMarketCap data, over 20.9 trillion SHIB were traded in the last 24 hours, amounting to a trading volume of 210.09 million, a 28% rise.

As the Shiba Inu price attempts to recoup its losses, eyes are on a retest of the $0.00001 mark once again. Sustained volumes will be watched out for, as well as a positive shift in crypto market sentiment. 

The Fear and Greed Index, which reflects market sentiment, has stayed in fear territory for seven consecutive days, but positivity remains that this signal has historically foreshadowed local bottoms.

If this is the case, Shiba Inu might erase a zero from its price tag once again, potentially targeting $0.0000119 and $0.0000127 to kickstart a fresh uptrend. 

Meanwhile, on-chain data shows a measure of choppiness on the market, suggesting that the price may continue to consolidate before the next major move.

Related articles

What to Know:

$SOL sees mid-term holder supply drop as market uncertainty rattles Solana.
The token has strong support $184, and aims for a breakout above $192.
The $54B meme coin market and Solana’s vibrant meme coin economy could send $SNORT and $SOL soaring when the mood turns positive.

Solana (SOL) has quietly positioned itself for a potentially significant rally – and its ecosystem of meme coins may be the catalyst.

With $SOL hovering around $184, the coin is perched just above a critical support level and eyeing a breakout trigger near $192.

As $SOL sits at a crucial point, will Snorter Token and Solana meme coins provide the spark for a big move?

Holder Behaviour & Sentiment
On-chain data reveals that mid-term holders (those who bought 3-6 months ago) reduced their positions by approximately 1.7% in October, signaling a wave of sellers rather than long-term believers.

Meanwhile, the group that invested 6–12 months isn’t showing growth, implying that coins are not being held to maturity but are being offloaded. These exits may stem more from panic or caution than from strategic profit-taking.

That tension between a fundamentally well-performing token and apparent reluctance from investors highlights why some analysts see Solana at a crossroads:

To break upwards and start a strong run, Solana needs a spark – something to spur investor interest and build momentum.

That’s where Solana’s vibrant meme coin community comes in. Even as the broader market slips, meme coin trading volume is up over 20% from the year previous.

There’s a lot of money in memes, with a current market cap of $54B, and Solana’s meme coin ecosystem is set to receive a welcome jolt with the launch of $SNORT – the best meme coin trading bot for Solana meme coins.

Snorter Token ($SNORT) – Trade Solana Meme Coins on Telegram to Find the Next Red-Hot Meme
Meme coin traders work at a severe disadvantage. Meme coins come and go so quickly that even by crypto standards, the market is incredibly fast-moving. At the same time, the vast majority of those tokens go nowhere, and only a small percentage offer the chance for the 10x, 100x, or 1000x gains that make big names like $DOGE and $PENGU famous.

The largest investors – the whales – can operate on significantly larger margins, leveraging their substantial size for greater gains. Retail investors without that advantage face fewer choices:

Take chances on small-cap tokens, most of which will fail
Perform careful research to find the best projects, but risk getting left behind by automated trading bots
Stick to the best crypto presales, and avoid the chaos and opportunity of the open market entirely

The last of those choices offers the best chance of success, and now one presale – $SNORT – solves the first two problems as well.

Snorter Token ($SNORT) powers the Snorter Bot, a cutting-edge cryptocurrency trading bot native to Telegram, focusing on the Solana meme coin ecosystem.

With Snorter, traders enjoy all the latest tools to make trading memes more profitable than ever. That includes automated sniping, copy trading, and fast, secure swaps on the Solana blockchain.

Snorter can level the playing field for meme coin traders, giving them a chance to sort through the thousands of meme coins that go nowhere and find the low-cap gems before they reach a wider audience, maximizing the chances for the huge gains meme coins are famous for.

The $SNORT token itself, currently priced at $0.1083, has the potential to reach $1.02 by the end of the year. That would deliver 871% gains for investors who get in now during the final 5 days of the presale.

$SNORT also delivers the lowest fees among Solana trading bots, only 0.85% for $SNORT holders.

Learn how to buy $SNORT, and don’t miss the last chance to join the $5.3M presale before it ends in mere days.

Visit the Snorter Token presale page for the latest updates.

As these meme assets like $SNORT gain attention, hype, and trading volume, they could drive renewed interest in Solana’s broader ecosystem. $SNORT and its peers could add fuel to SOL’s momentum if volumes stay elevated.

For traders and investors, Snorter Token and the meme coin ecosystem could supply Solana’s spark.

Authored by Aaron Walker on NewsBTC — https://www.newsbtc.com/news/solana-192-breakout-could-lead-to-rally-as-solana-meme-coins-like-snort-amp-up

TL;DR

Jupiter DEX has introduced its inaugural prediction market, powered by Kalshi data, allowing users to speculate on real-world events.
The beta launch centers on the Formula 1 Mexico Grand Prix, enabling participants to trade on race outcomes.
This move positions Jupiter as a significant player in the rapidly growing prediction market sector, which has seen substantial growth in recent months.

Jupiter DEX, a prominent decentralized exchange (DEX) operating on the Solana blockchain, has expanded its platform by launching a native prediction market. This new feature allows users to engage in speculative trading on real-world events, marking a significant development in the platform’s offerings.

Beta Launch Focused on Formula 1 Mexico Grand Prix
The initial test market centers around the upcoming Formula 1 Mexico Grand Prix, scheduled for October 27, 2025. Participants can trade “Yes/No” tokens, speculating on the race’s outcome, with prices fluctuating until the event’s resolution. The liquidity for this market is provided by Kalshi, a regulated U.S.-based prediction exchange known for its expertise in sports event contracts.

Jupiter’s Strategic Move into Prediction Markets
By integrating Kalshi’s data, Jupiter aims to tap into the burgeoning prediction market sector, which has seen a surge in popularity and trading volumes in recent months. The total value locked across various prediction market platforms has reached $241.9 million, indicating a growing interest in decentralized event-based trading.

This move positions Jupiter to compete with other platforms in the space, such as Polymarket, which has also expanded into sports-related prediction markets. However, Jupiter’s integration with Kalshi provides it with a unique advantage, leveraging Kalshi’s established infrastructure and liquidity.

Regulatory Considerations and Market Growth
Kalshi’s expansion into sports betting has been facilitated by its regulatory status under the U.S. Commodity Futures Trading Commission (CFTC), allowing it to operate nationwide. This regulatory clarity has contributed to Kalshi’s rapid growth, with its trading volume exceeding $1 billion in early October 2025, up from $300 million the previous year.

Jupiter’s collaboration with Kalshi aligns with this trend, offering users a compliant and transparent platform for engaging in prediction markets. As the sector continues to evolve, platforms like Jupiter and Kalshi are well-positioned to lead the way in decentralized event-based trading.

Jupiter DEX’s introduction of a Kalshi-powered prediction market represents a strategic expansion into a rapidly growing sector. By leveraging Kalshi’s infrastructure and regulatory status, Jupiter enhances its platform’s offerings, providing users with new opportunities for speculative trading on real-world events.

Whale wallets are taking sizable long positions in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) even as the top cryptos continue to struggle.

What Happened: Lookonchain data shows a strong bullish tilt over the past 12 hours as several major players have deposited significant USDC to increase long positions:

0x89AB bought 80.47 BTC and opened a 6x long on 133.86 BTC.
0x3fce increased their Bitcoin long to 459.82 BTC.
0x8Ae4 deposited $4M to go long on BTC, ETH, and Solana.
0xd8ef added $5.44M to an Ethereum long.
At the same time, some whales are taking the opposite approach: a Bitcoin OG has sold 5,252 BTC (around $588 million) across Binance, Coinbase, and Hyperliquid, holding a 2,100 BTC short (~$228 million) on Hyperliquid.

Whale 0xB041 panic-sold 6,237 ETH (~$23.95 million) at $3,840 during the recent decline.

Also Read: Could A Rotation Out Of Gold Into BTC Double Bitcoin’s Valuation?

What's Next: Trader KillaXBT noted that previous CPI releases often coincided with local Bitcoin tops, following strong bullish momentum.

With the market already in a pullback ahead of Friday’s inflation data, he suggests much of the impact may already be priced in and advises avoiding shorts.

Galaxy highlighted that Ethereum is mirroring its Q4 2020 pattern, experiencing a two-month pullback similar to the $490 correction back then, now from $4,900.

Read Next:

Bitcoin Steady At $108,000 As Ethereum, XRP, Dogecoin Dip On Wednesday
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Cardano Founder Charles Hoskinson has commented on an official public announcement from the Kadena blockchain team. After nearly a decade in the blockchain space, the Kadena team announced that the organization is ceasing operations.

Charles Hoskinson shows interest in KadenaAmid the Kadena fallout, Cardano posted on X, "Anyone from the Kadena ecosystem want to reach out?"

This simple outreach signals potential interest in supporting the Kadena transition, perhaps through Cardano’s resources for grants or migration tools. 

Charles Hoskinson has a history of ecosystem building and has publicly championed projects like Kadena with a focus on decentralized proof-of-work (PoW) smart contracts.

The support for Kadena comes shortly after Hoskinson predicted a major crypto market transformation, driven by privacy-focused blockchains.

While it is not a formal offer, Hoskinson's potential support for Kadena is an open door. No public responses from Kadena yet, but it could spark collaborations, according to speculations from eager members of the ecosystem. Kadena may leverage the expertise of the IOG team in sustainable PoW alternatives.

In its closure announcement, the Kadena team said it will immediately stop all business activity and active maintenance of the blockchain.

The team cited market conditions as a key reason why it is unable to continue operations. Specifically, Kadena is halting staff operations and active maintenance of the blockchain. 

However, it is retaining a skeleton crew for the transition and wind-down period. The team expresses deep thanks to participants, staff, community and partners.

Implications for KDA tokensImportantly, the Kadena blockchain itself is not shutting down. As a decentralized PoW network, it is run by independent miners, not the company. 

The team disclosed that it will release a final software binary update soon to let node operators run the network independently. They, therefore, urged quick upgrades for continuity.

Additionally, KDA, the native token of the Kadena blockchain, will remain unchanged. Notably, over 566 million KDA tokens are still reserved as mining rewards until 2139.

This is in addition to 83.7 million KDA for platform emissions, coming out of lockup until November 2029. The Kadena team has offered to help transition to community governance and maintenance, with updates forthcoming.

However, the announcement triggered immediate market panic, with KDA plummeting over 60% within the past 24 hours. 

As a result, the token dropped from around $0.21 to as low as $0.077. Still, the trading volume spiked more than 1,100%, reflecting a mix of panic selling and market uncertainty.

Key Insights:

Whales added 13 million LINK tokens this week, signaling a rise in global investor confidence.
Treehouse adopted Chainlink CCIP, launching tETH and TREE for seamless cross-chain transfers.
Santiment data shows Chainlink and Hedera leading 30-day real-world asset tokenization growth.

Whales Accumulate 13 Million Chainlink LINK Tokens in Just One Week
Chainlink (LINK) has seen growing investor and institutional attention this week. Analysts report major whale accumulation, new DeFi integrations, and increased industry recognition as Chainlink continues to expand its influence across the blockchain and finance sectors.

Whale Activity Signals Renewed Market Interest
Whales have accumulated around 13 million Chainlink (LINK) tokens over the past week. The on-chain data reviewed by Ali shows that large holders are increasing their positions in LINK. This activity suggests growing confidence among institutional and major investors in the token’s future performance. 

The movement of large wallets has reduced available supply on exchanges, which could affect future market behavior if the trend continues. This accumulation shows strong confidence from large holders who continue to build long-term positions.

Whale Activity | Source: X
Analysts noted that steady buying by these wallets is often associated with positive outlooks on network growth and partnerships. Chainlink’s activity has also increased as new integrations continue across the DeFi ecosystem. At the time of writing, Chainlink trades at $17.45, with a 24-hour trading volume of $1.2 billion, and is down 2.54% in the last 24 hours.

Treehouse Expands DeFi Reach as Chainlink and Hedera Lead RWA
Recent developments indicate that Treehouse is adopting Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Data from Chainlink confirmed that Treehouse, a decentralized fixed-income platform with over $375 million in total value locked (TVL), launched tETH and TREE as Cross-Chain Tokens. These tokens can now be transferred across Arbitrum, Base, Ethereum, TAC, and BNB Chain, enabling smoother transfers and improved liquidity for users.

Treehouse (@TreehouseFi), a decentralized fixed income platform with $375+ million in TVL, has adopted Chainlink CCIP and made tETH and TREE Cross-Chain Tokens (CCTs).

Users can now transfer tETH across Arbitrum, Base, Ethereum, and TAC and TREE across BNB Chain and Ethereum. pic.twitter.com/a1lgUEnuAk

— Chainlink (@chainlink) October 21, 2025

Analysts believe this integration could support more efficient cross-chain yield strategies. It also expands CCIP’s role in linking DeFi platforms while enabling asset transfers across multiple networks. Treehouse’s adoption of CCIP marks another step in the use of Chainlink’s cross-chain solutions in decentralized finance.

Data shared by Santiment shows that Chainlink (LINK) and Hedera (HBAR) are leading in real-world asset (RWA) development. The report stated that Chainlink ranked first, followed by Hedera, with IOTA and Stellar (XLM) also active in the sector over the last 30 days. The findings indicate an increase in activity related to tokenizing assets on blockchain networks. Chainlink’s growing role in providing reliable data feeds and smart contract connectivity supports its position in this field.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Pi Network price is forming a short-term support around $0.20, but persistent selling pressure suggests the token could slide further toward a new all-time low near $0.15.

Summary

Pi Network price is forming short-term support around $0.20, but continued selling pressure could push the token toward a new all-time low near $0.15.
Daily RSI is deeply oversold, and Volume Delta shows selling dominance, though a rebound to $0.25–$0.30 is possible if $0.20 holds and volume picks up.

PI Network price technical analysis
Pi Network (PI) price continues to extend its downtrend, having recently dropped below the key $0.25 level, with selling pressure intensifying on October 10 amid the broader market bloodbath triggered by renewed trade tensions. The token plunged nearly 12% that day.

PI has now fallen to the $0.20 zone, where it appears to be establishing a short-term support base.The daily RSI remains deeply oversold, while Volume Delta data indicates that selling pressure continues to dominate, with no clear signs of accumulation emerging yet.

If the $0.20 support holds, a technical rebound toward $0.25–$0.30 could materialize, especially if accompanied by rising volume. However, failure to defend this level could open the door to new lows toward $0.15.

Pi Network daily chart | Source: TradingView
Pi Network team is cooking
Despite the ongoing Pi Network price decline, the Pi Core Team has been advancing the network’s ecosystem. On October 2, they launched Pi DEX on the Testnet, introducing AMM liquidity pools, token creation tools, and full DeFi functionality for Pioneers and developers to explore.

The reason it’s only on Testnet, according to the team, is to “educate Pioneers, refine projects safely, and prepare for Mainnet DeFi with real Pi.”

🤖 We just announced a game-changing update for the #PiNetwork ecosystem:

🙌 Pi DEX (Decentralized Exchange)
❤️ AMM Liquidity Pools
🤑 Token Creation Tools
🛡 Now LIVE on Pi Testnet

⚙️Here’s what Pioneers & Developers can do right NOW:
🛠 Swap tokens & explore DeFi mechanics… pic.twitter.com/jSv3oXUtue

— Pi Core Team ᵖⁱ ⁿᵉᵗʷᵒʳᵏ (@PiCoreGroup) October 2, 2025

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

Japan’s new Prime Minister, Sanae Takaichi, announced a package of economic stimulus measures on Tuesday to ease the impact of inflation on households. The move, some crypto observers say, could drive more capital into Bitcoin.

The stimulus measures include subsidies for electricity and gas charges, as well as regional grants to ease price pressure and encourage small to medium-sized businesses to raise wages.

BitMEX co-founder Arthur Hayes viewed the development as a precursor to more fiat money printing by Japan’s central bank, a move that could catalyze Bitcoin’s (BTC) rise to $1 million.

“Translation: let’s print money to hand out to folks to help with food and energy costs,” said Hayes in a Tuesday X post, adding that this dynamic may see Bitcoin rise to $1 million, while triggering a rise in the Japanese yen.

Source: Arthur HayesMeanwhile, the yen fell to a one-week low on Tuesday after Takaichi took office as Japan's first female prime minister, which was seen by investors as a mixed signal for the incoming interest rate decision in the country, Reuters reported.

Takaichi’s “pro-stimulus” stance reignites hopes for QE pivot by Bank of JapanHayes previously predicted that the Bank of Japan’s pivot to quantitative easing (QE) may be the next significant catalyst for Bitcoin and risk assets.

QE refers to central banks purchasing bonds and injecting money into the economy to lower interest rates and stimulate spending during challenging financial conditions.

The BOJ’s next monetary policy meeting is set for Oct. 29. Most analysts expect the central bank to deliver a 0.75% interest rate hike by early 2026, with no clear consensus on the exact timeline, Reuters reported on Monday.

The central bank is currently engaged in quantitative tightening, with no clear reversal plans to switch to QE until it reaches its target inflation rate of 2%.

Source: Milk Road MacroHowever, Takaichi’s “pro-stimulus stance” may soon “push Japan into easing,” as 80% of global banks already pursue QE efforts, according to macro investment resource Milk Road Macro’s Oct. 8 X post.

Bitcoin whales turn bullish with new long positions after Bitcoin “flush” to $104,000Meanwhile, whales, or large cryptocurrency investors, are signaling renewed appetite for Bitcoin, as Bitcoin’s price is recovering from its dip to a four-month low of $104,000 on Friday.

Three whales returned to decentralized exchange Hyperliquid on Wednesday, depositing tens of millions of dollars to initiate leveraged long positions, which use “borrowed” funds to increase the size of the investment.

Source: LookonchainNotably, whale wallet “0x3fce” increased his Bitcoin long position to $49.7 million, while whale wallet “0x89AB” opened a 6x leveraged long position worth $14 million, wrote blockchain data platform Lookonchain, in a Wednesday X post.

Magazine: Bitcoin to see ‘one more big thrust’ to $150K, ETH pressure builds

Bitcoin Crash Sparks Altcoin Sell-OffThe crypto market took another hit after a short-lived recovery last week. Bitcoin ($BTC) dropped from $114,000 back to the $107K–109K range, erasing optimism that the bear market was finally ending. This renewed volatility dragged major altcoins down, with Cardano (ADA) losing nearly 9% over the past seven days.

BTC/USD 5-mins chart - TradingView

The $Bitcoin chart shows how momentum shifted quickly from bullish to bearish. After failing to hold above $114K, BTC broke multiple short-term supports. RSI slipped below 40, while the MACD crossed bearishly — both confirming a loss of strength.

Until BTC reclaims $110K with volume, risk assets like Cardano are likely to remain under pressure.

Cardano Technical Analysis: Key Levels to WatchThe Cardano (ADA/USD) chart reflects a similar structure. After a brief bounce near $0.65, ADA fell back to $0.628, hovering just above critical support at $0.62.

Support Zone: $0.62 – a major horizontal level that has repeatedly acted as a floor since mid-October.Resistance Zone: $0.71 – a strong ceiling that capped the last rally attempt.RSI: 36.6, showing ADA is close to oversold territory but not yet at reversal levels.MACD: Currently bearish, with the signal line widening below zero — confirming short-term downside pressure.

ADA/USD 2-hours chart - TradingView

The lack of bullish divergence suggests that buyers are not yet stepping in with conviction. A clear breakdown below $0.62 could trigger another sell-off toward $0.58, while a rebound above $0.65 could bring back momentum toward $0.71.

Cardano Price Prediction: Bull vs. Bear Scenarios🔴 Bearish Case (Crash to $0.62 or Lower)If Bitcoin continues to struggle below $110K, ADA could retest its key support at $0.62. Breaking this level might open the door to $0.58 or even $0.55, especially if overall crypto sentiment weakens further.
Short-term traders should be cautious of false bounces — a typical pattern when RSI hovers near 35–40.

🟢 Bullish Case (Rebound to $0.71)If $BTC stabilizes and global sentiment improves, ADA has a chance to rebound toward $0.70–0.71. This level aligns with the 50-day moving average and previously rejected resistance, making it the next target for bullish traders.
For this setup to confirm, ADA needs a daily close above $0.65 with increasing volume.

Cardano Future: Market OutlookThe coming days will likely depend on Bitcoin’s ability to regain momentum. Without BTC leadership, altcoins like Cardano will continue to follow broader market direction.
However, ADA’s long-term fundamentals remain intact — especially with ongoing ecosystem upgrades and DeFi integrations on the Cardano network.

For now, traders should monitor the $0.62–0.65 range closely. A breakout or breakdown from this zone will define ADA’s next move.

Why Bitcoin Volatility Remains Sticky While S&P 500's VIX Reverses October 10 SurgeThe relative richness of BTC's implied volatility stems from host of factors, including newfound pain points like ADL and liquidity issues.Updated Oct 22, 2025, 12:21 p.m. Published Oct 22, 2025, 12:16 p.m.

Bitcoin’s BTC$108,120.93 key volatility index remains elevated even as the S&P 500 VIX index, Wall Street's primary fear gauge, has eased from its surge following the Oct. 10 market shakeup.

Observers attribute the stickiness in BTC volatility to factors including concerns around auto-deleveraging and poor market liquidity.

The Oct. 10 vol spike and stickiness in BTCThe Oct. 10 market panic, triggered by President Donald Trump's tariffs announcement on China, led to broad-based risk aversion, sending both stocks and cryptocurrencies lower.

On the same day, BTC's price fell to roughly $104,000 from $122,000 and its annualized 30-day implied of expected volatility (IV), represented by Volmex Finance's BVIV index, surged from 40% to 60%.

The index has since stabilized above 50%, maintaining elevated levels compared to the VIX index, which has fallen back below 20%, erasing the spike to 29%. The VIX represents the 30-day implied volatility in the S&P 500.

ADL risksThe divergence is due to traders pricing new risks in the crypto market, according to Yoann Turpin, co-founder of the crypto market-making firm Wintermute.

"Bitcoin volatility was subdued earlier, characterized by regular premium selling as market participants, particularly digital asset treasuries (DATs), sought to generate yield and differentiate their strategies. It has now become clear that new risks and market dynamics—such as ADL (auto-deleveraging)—were underestimated and are now being fully priced in," Turpin told CoinDesk.

Auto-deleveraging (ADL), often the final step in the liquidation process, is triggered when an exchange’s insurance funds and liquidation procedures prove insufficient to cover losses from bankrupt positions. In such cases, the system automatically reduces or closes profitable opposing positions to maintain platform solvency, effectively socializing losses during market stress.

BVIV vs VIX. (TradingView)

During the Oct. 10 crash, several exchanges, including decentralized giant Hyperliquid, activated ADL to force-close leveraged short bets.

In essence, the crash etched ADL risks, previously largely unknown or underestimated, firmly into investors' psyche, likely reflected in sticky implied volatility.

That said, Turpin expects volatility to remain elevated at current levels only if BTC rallies to new highs or new lows outside of the $100-$125,000 range.

Liquidity issuesLiquidity in the cryptocurrency market refers to the ease with which digital assets can be bought or sold without causing significant changes to the market price. When liquidity is high, even large buy or sell orders can be absorbed without drastically impacting prices, which helps keep the market stable and reduces volatility. Conversely, when liquidity dries up, smaller orders can have an outsized impact on market rates, often leading to increased volatility.

The market panic on Oct 10, partly catalyzed by the breakdown in infrastructure at Binance, the world's leading crypto options exchange by volume and open interest, has affected market liquidity, setting the stage for a new high volatility regime.

"Although the macro fears that initially triggered the spike have eased, realized volatility has continued to climb, keeping IV supported. This could be a shift into a higher-volatility regime rather than a temporary shock," Jimmy Yang, co-founder of institutional liquidity provider Orbit Markets, said.

"With many liquidity providers hurt during the recent crash, market depth has thinned, leaving prices more prone to large swings," he explained.

Griffin Ardern, head of BloFin Research and Options, blamed tightening fiat liquidity conditions in offshore (non-U.S. markets) regions for elevated BTC volatility.

"The Hong Kong dollar's overnight lending rate (HIBOR) has returned to its pre-May level, while the DXY has actually risen since October, even during a period of interest rate cuts. This is a clear sign of tight liquidity, which often triggers volatility," Ardern said. "BTC's volatility is largely determined by the offshore market.

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A crypto whale who profited $197 million in the market crash is betting on further Bitcoin downside with a $226 million leveraged short.Meanwhile, several large traders are taking bullish positions, signaling a sharp divide in market sentiment.Bitcoin briefly rebounded above $114,000 before retreating, as analysts debate whether a broader recovery could be imminent.A crypto whale who recently pocketed over $197 million during the October market crash has doubled down, building a massive short bet against Bitcoin (BTC).

This move comes amid Bitcoin’s turbulent recovery from its mid-October crash, which continues to test investor resolve. The cryptocurrency is exhibiting flashes of resilience amid persistent volatility.

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The Comeback Short: BitcoinOG Reloads With Massive Bet Against BTCBeInCrypto previously reported that a whale held massive short positions on both Bitcoin and Ethereum (ETH) amid the October downturn, earning substantial profits during the market panic. Within just 30 hours, the investor gained over $160 million.

Lookonchain reported that on October 15, this Bitcoin OG had completely closed all short positions on Hyperliquid, securing more than $197 million across two wallets. Despite these massive gains, the trader was back just days later.

According to data from the blockchain analytics firm, the whale through the wallet (0xb317) transferred $30 million in USDC to Hyperliquid earlier this week and opened a 10x leveraged short position on 700 Bitcoin, valued at about $75.5 million. The investor has since expanded this position, signaling a renewed bet against the market.

“The $10B Hyperunit Whale who made $200M shorting the China Tariff Crash just DOUBLED DOWN on his BTC short position,” Arkham posted.

According to the latest data from Hyperdash, the BitcoinOG’s active 10x leveraged short position on Bitcoin is worth $226.6 million. The liquidation price is set at $123,282. Furthermore, the position is currently showing an unrealized profit of around $6.8 million.

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Bitcoin OG Whale’s Short Position. Source: HyperdashIn addition to the leveraged bets, Lookonchain highlighted that the trader has also been offloading Bitcoin,

“Since the 1011 market crash, he has deposited 5,252 BTC($587.88 million) into Binance, Coinbase, and Hyperliquid,” the firm noted.

Bulls vs. Bears: Who Will Win as Bitcoin Eyes Its Next Move?However, not all traders are convinced by the bearish outlook. Yesterday, the largest cryptocurrency rebounded slightly to over $114,000 as gold dipped before settling near $108,000 at press time. Technical signals and possible capital rotation have fueled optimism among analysts, who now project that BTC and altcoins could rally soon.

This positive outlook is also evident in several traders’ bullish moves. Lookonchain highlighted four investors who have recently gone long on the market.

0x89AB moved $9.6 million USDC to Hyperliquid, purchased 80.47 BTC (around $8.7 million), and opened a 6x leveraged long worth 133.86 BTC (about $14.47 million).
0x3fce added $1.5 million USDC, expanding their Bitcoin long to 459.82 BTC (roughly $49.7 million).
0x8Ae4 deposited $4 million USDC to open long positions across Bitcoin, Ethereum, and Solana.
0xd8ef transferred $5.44 million USDC and went long on Ethereum.
As investors take opposing positions, the days ahead will determine who called it right — the whale wagering on another slide or the traders betting on the market’s comeback.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Journalist

Posted: October 22, 2025

Key Takeaways
Is Kadena crypto shutting down completely?
The company is ceasing operations, but its proof-of-work blockchain will continue to run independently via miners and protocol maintainers.

What happens to the KDA token now?
KDA will remain in circulation, with over 566 million tokens still set to be distributed as mining rewards through 2139.

Once considered a rising contender in the blockchain space, Kadena [KDA] is winding down its business operations. The company blamed tough market conditions for the move.

However, its proof-of-work blockchain will continue to operate independently, though miner activity is expected to decline.

Kadena shuts down operations
In an official statement, Kadena announced it is “no longer able to continue business operations,” ceasing all company activity and active maintenance of its blockchain “immediately.”

Source: X

Despite the shutdown, Kadena confirmed that its blockchain will stay operational, supported by miners and community maintainers.

The statement clarified,

“As for the KDA token and protocol, it will also continue in our absence. As noted in our latest token economic update, over 566 million KDA remain to be distributed as mining rewards, continuing until 2139, while the platform emission has 83.7 million KDA coming out of lockup until November 2029.”

From Wall Street roots to winding down
Former JPMorgan and SEC technologists Stuart Popejoy and William Martino founded Kadena in 2019.

The duo had previously worked on JPMorgan’s early blockchain efforts, lending credibility to the project’s long-term vision.

The team raised $15 million across multiple funding rounds and positioned Kadena as a scalable proof-of-work alternative for enterprise-grade crypto applications.

In 2023, executives announced a hiring spree in an effort to revitalize growth and developer interest.

But despite its pedigree and capital, the firm struggled to maintain traction, ultimately leading to its end.

Kadena crypto takes a steep fall
At press time, Kadena [KDA] traded at $0.07616, down 63.61% over the past 24 hours.

Source: TradingView

The hourly chart saw a decline following the company’s shutdown announcement, with back-to-back red candles confirming heavy selling pressure.

Sellers dominated throughout the session, as no significant rebound or consolidation phase emerged.

The Ethereum Foundation’s latest move has caught the crypto market’s attention. It transferred 160,000 ETH, worth around $654 million to a wallet known for past token sales. 

The transaction came as Ether ETFs continue to see low demand, and investor sentiment remains weak.

On-chain data from Arkham Intelligence revealed the movement of funds on October 21. The receiving wallet has a record of sending ETH to exchanges like Kraken and SharpLink Gaming, which has raised speculation that the Foundation may be preparing for another sale.

Ethereum Foundation and the $654 Million TransferAccording to Arkham Intelligence, this specific wallet has handled large transfers before, most of which led to token sales. That pattern stirred debate among traders about whether the Foundation is reducing its holdings.

However, Hsiao-Wei Wang, the Foundation’s co-Executive Director, clarified that the move was part of a “planned wallet migration.” She explained on X that there was no sale involved and that the funds were simply being reorganised for operational reasons.

Even with this statement, the timing of the transaction has led to intense discussion. The move came during a period of rising concern over how the Foundation manages its assets, especially after recent layoffs and internal restructuring.

Ethereum ETFs Show Weak DemandThe Foundation’s transfer also comes as Ether ETFs struggles to attract inflows. Data from SoSoValue shows USspot Ether ETFs saw a $145 million net outflow on October 20 alone. 

Over the past two weeks, these products have lost close to $500 million.

Ethereum ETFs have spent most of the week bleeding | Source: Farside

The lack of ETF demand has added pressure to ETH’s price. After reaching an all-time high of $4,959 in August, Ether has since fallen to around $4,000. The token has been testing support near $3,900 which analysts see as a strong buying zone if the level holds.

Crypto analyst Poseidon noted that ETH must stay above $4,100 to maintain its bullish outlook. 

A sustained close above this mark could push prices toward $5,800 in the coming weeks. 

Internal Rift Over Developer PayAdding to the tension is the recent resignation of Péter Szilágyi, the Foundation’s former lead developer. Szilágyi revealed that his total earnings over six years amounted to about $625,000 before taxes.

Developers express dissatisfaction at the Ethereum foundation | source: X

In his resignation letter, he claimed that success at the Foundation often depended on proximity to top leadership, including Vitalik Buterin. He also argued that developers were underpaid despite Ethereum’s market cap rising to nearly $450 billion during his tenure.

Wang responded publicly and admitted that “veteran builders were underpaid for the value they brought.” 

Foundation’s Structural ChangesOver recent months, the Ethereum Foundation has announced several structural adjustments. 

These include streamlining operations, reducing staff and introducing new financial management strategies. The group has also been more careful about liquidating ETH, and has been selling smaller amounts to fund research, donations and DeFi-related projects.

Previously, the Foundation’s token sales rarely rose above $10 million. That made the latest $654 million movement stand out even more. Last month’s smaller $42.7 million sale through Kraken was meant to fund R&D efforts. However, it was criticised as being “anti-DeFi” by some in the community.

According to Arkham Intelligence, the Foundation still controls about $827 million in tokens. Most of that is in ETH but it also holds smaller amounts of Bitcoin (BTC), BNB, and Arbitrum (ARB).

Veteran trader Peter Brandt shared a new analysis today suggesting that Bitcoin (BTC) could either rally to $250,000 or correct to $60,000, depending on how current market structures evolve. Brandt's comments, posted on his official X account, sparked renewed debate over the asset's next major move.

CNBC host Jim Cramer said on Tuesday that cryptocurrency markets are "due for a push," but cautioned investors to reduce exposure, comparing the current environment to the dot-com bubble of 2000.

Cramer Sees Short-Term Lift but Warns of Speculative ExcessIn a post on X, Cramer wrote, "Crypto due for a push today. We are in 2000 territory on specs." He likened current speculation to the early tech bubble, describing today's trading as "where the cockroaches are."

Cramer referenced Jamie Dimon, CEO of JPMorgan Chase & Co., who recently discussed the risks of speculative waves while announcing a $1.5 trillion investment fund. 

"We must focus on this before people really get hurt. Trim," Cramer warned, implying that traders should book profits before a potential correction.

While Cramer acknowledges near-term upside, his use of "trim" indicates concern about excessive risk-taking and inflated valuations across digital assets.

Bitcoin Price Holds Key Technical Zone 

BTC Key Technical Levels (Source: TradingView)

Bitcoin (CRYPTO: BTC) trades near $108,000, slipping 0.6% on the day as it continued to consolidate after last week's sharp drop. 

The price remains above immediate support at $107,000, which aligns with the 0.236 Fibonacci retracement level at $109,300.

A rejection near the $114,000–$115,000 band, aligned with the 0.382 retracement, shows that sellers still control momentum. 

A close above this resistance cluster would open upside potential toward $117,600 and $121,500. 

On the downside, the $106,000–$104,000 zone remains a critical support pocket tied to September's breakout base. 

A break below $103,700 could trigger further declines toward $98,000–$100,000, where stronger buyer interest may reappear.

BTC Momentum Remains WeakThe RSI on the daily chart is hovering near 40, indicating subdued momentum and limited buying pressure. 

The Parabolic SAR indicator also remains above price, suggesting short-term bearish bias is intact.

Despite the weakness, Bitcoin's ability to defend support near $107,000 keeps the structure intact for now. 

Traders are closely watching if the "crypto push" Cramer mentioned translates into a short-lived rebound or proves to be another speculative trap.

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Some crypto whale everyone calls the “Trump insider” just doubled down on his bet against Bitcoin, shorting 2,100 BTC worth about $227 million.

If any investor has stood the test of time, it's Warren Buffett, and with good reason.

CompaniesOct 22 (Reuters) - Medtech firm Staar Surgical's

(STAA.O), opens new tab biggest investor, Broadwood Partners, is planning to call a shareholder meeting to remove several directors, it said on Wednesday, amid tensions over a proposed takeover by Swiss eyecare firm Alcon

(ALCC.S), opens new tab.

Investment firm Broadwood has 27.5% stake and has actively opposed Alcon's acquisition, saying the offer did not reflect Staar's recent financial improvements and that the board has failed to fully assess alternative options.

Sign up here.

"It is clear to us that the board no longer has the confidence of shareholders, and that new directors are needed to properly steward the Company and restore shareholder trust," Neal Bradsher, Broadwood founder and president, said.

The special shareholder meeting to remove certain directors is scheduled for Thursday when investors would also vote on the proposed deal.

Staar did not immediately respond to a request for comment.

At least two other investors, Yunqi Capital and Defender Capital, which together own 6.5% stake, have also objected to the proposal, bringing the opposition to nearly 34% of outstanding shares.

Earlier this month, proxy advisory firm Institutional Shareholder Services recommended Staar investors to reject the offer, citing the biggest shareholder's opposition and "various deficiencies, disconnects, and uncertainties" tied to the deal.

Alcon said in early August that the boards of both companies had approved its offer of $28 per Staar share, valuing the business at $1.5 billion.

Staar, which produces and markets implantable lenses for the eye, has struggled with declining revenue and a collapse of sales in China.

Reporting by Mariam Sunny in Bengaluru; Editing by Arun Koyyur

Our Standards: The Thomson Reuters Trust Principles., opens new tab