Из жизни альткоинов

Как заявил министр финансов России Антон Силуанов на пленарном заседании Госдумы, Минфин приступил к формированию реестра майнеров, и сейчас в нем уже зарегистрировано 1364 субъекта.

Руководитель отдела исследований цифровых активов международного банка Standard Chartered Джеффри Кендрик (Geoffrey Kendrick) верит, что к концу года биткоин еще может вырасти до $200 000.

The United Kingdom’s (UK) Financial Conduct Authority (FCA) has initiated a lawsuit against cryptocurrency exchange HTX, which is owned by controversial crypto investor Justin Sun, alleging violations of UK financial promotion regulations.

On Wednesday, the FCA announced that it had filed civil proceedings in London’s High Court against HTX, previously known as Huobi, for allegedly breaching Britain’s financial promotions regime. According to the FCA’s website, HTX is not authorized to operate within the UK.

HTX Remains On FCA’s Warning 

A spokesperson for the FCA told Reuters the regulator’s commitment to protecting consumers and maintaining the integrity of the UK financial markets. 

“We have seen crypto firms respond positively to our financial promotions rules and regulations. However, we will not hesitate to take action against firms that appear to breach our rules,” the spokesperson stated.

The legal filings name defendants including “persons unknown” who are currently managing promotions on behalf of HTX cryptocurrency exchange across various social media platforms. 

Despite positive regulatory changes in the country following the US leadership in establishing a new framework for the growth and adoption of digital assets, HTX has been on the Financial Conduct Authority’s (FCA) warning list of unauthorized firms since October 2023. The FCA advises consumers against engaging with the exchange.

Notably, the FCA has accelerated crypto application approvals in an attempt to mull the US more favorable regulatory environment for cryptocurrencies and firms of the industry, with already five firms approved to operate in the country since April of this year. 

Under UK law, firms marketing crypto asset services to consumers, including those based overseas, are required to register with the FCA in compliance with money-laundering regulations. 

In October 2023, the Financial Conduct Authority introduced new rules governing the promotion of crypto assets, aligning their marketing with other types of financial promotions.

Justin Sun’s Latest Moves In Crypto

Founded in 2013 and registered in the Seychelles, HTX claims to have over 47 million registered users globally, with more than nine million identified as trading users, according to the company’s website. 

Despite his controversial moves, which have recently included a key role in the Trump family’s crypto ventures, Justin Sun — a billionaire Chinese entrepreneur and the founder of the decentralized blockchain platform Tron (TRX) — acquired HTX in 2022.

Sun is a major supporter of President Donald Trump’s decentralized finance (DeFi) platform World Liberty Financial (WLFI), having invested approximately $90 million in Trump-related tokens. 

Notably, a wallet labeled “SUN,” identified by blockchain analysts as belonging to HTX, has emerged as the top holder of President Trump’s official memecoin launched in January of this year. 

Featured image from DALL-E, chart from TradingView.com 

After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers step into the smart-contract platform.

According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion).

Institutional Capital Flows Bolster Ethereum’s Bullish Case

BlackRock’s clients have added $41.91 million in Ethereum, marking another sign of growing institutional adoption.

These inflows come as Ethereum breaks out of a descending trendline pattern and parallels the rally seen in gold, with ETH’s correlation to gold reaching 0.7 in Q3 2025, driven by ETF inflows and DeFi-driven growth.

On-chain metrics further reinforce this accumulation narrative. Wallets are moving more ETH off exchanges, signaling long-term holding behavior, while tokenization and DeFi usage on Ethereum’s network continue to expand meaningfully.

Institutions appear to be treating Ethereum not just as a speculative bet, but increasingly as a foundational infrastructure asset, particularly given Ethereum’s post-Proof-of-Stake upgrade energy efficiency and suitability for ESG mandates.

Ethereum Holds $4,100 Resistance, Eyes on $4,440

From a technical vantage, Ethereum is testing the key resistance zone near $4,100–$4,440. Analysts like Ali Martinez point out the recent breakout of the descending trendline provides a bullish structural shift, but only if support levels remain intact.

The most critical support lies near $3,800, with a deeper fallback to $3,600 if momentum fades. A sustained move above $4,440 could unlock a run toward $4,800–$5,000, provided institutional flows and macro conditions align.

Conversely, a close below $3,800 would weaken the momentum thesis and potentially invite a retracement toward $3,560 or lower.

With ETF flows, macro liquidity, and network fundamentals converging, Ethereum is showing a rare blend of structural strength, but execution is key. The near-term jury is out until Ethereum closes decisively above $4,100 with volume confirming the move.

Cover image from ChatGPT, ETHUSD chart from Tradingview

The Hong Kong SFC has just approved the first Solana spot ETF, allowing the altcoin to join the ranks of Bitcoin and Ethereum.

ChinaAMC To List First Solana Spot ETF In Hong Kong

As reported by the Hong Kong Economic Times, the Securities and Futures Commission (SFC) has approved the first Solana spot exchange-traded fund (ETF) in Hong Kong. A spot ETF is an investment vehicle that allows investors to gain exposure to an underlying asset without having to directly own it. In the case of a cryptocurrency like SOL, this means that traders can invest without having to hold actual tokens on the blockchain.

Hong Kong approved spot ETFs for Bitcoin and Ethereum in April 2024. The BTC products followed three months after they were approved in the US by the Securities and Exchange Commission (SEC), but the Chinese city led the way with ETH products. The same dynamic appears to be playing out again. With the US government currently facing a shutdown that has frozen SEC operations, Hong Kong’s SFC has beaten the American regulator to approving a Solana spot ETF.

The spot ETF, issued by Chinese asset management company ChinaAMC, is set to launch on October 27th. It will be available in three trading lots: HKD, RMB, and USD. Each is equivalent to 100 tokens of the cryptocurrency. ChinaAMC previously launched Bitcoin and Ethereum spot ETFs on the Hong Kong stock exchange as part of the initial wave of approvals granted by the SFC in April 2024.

Over in the US, several SOL ETF filings are waiting to be processed, but with the current government shutdown, it’s unclear when they will finally be reviewed. Other altcoins like Dogecoin and XRP have also seen their filings similarly delayed.

Speaking of the US spot ETFs, Bitcoin funds witnessed a notable amount of inflows on Tuesday, as data from SoSoValue shows.

In total, the Bitcoin spot ETFs captured net inflows of about $477 million, breaking the trend of outflows from the last week. Ethereum funds also saw the incoming of capital, but their inflows of $141 million weren’t as significant as those of BTC products.

As mentioned before, spot ETFs allow investors to gain exposure to a cryptocurrency’s price movements without directly having to own tokens on the blockchain. For traditional traders unfamiliar with digital asset exchanges and wallets, this quality can make these vehicles a convenient entry point into the asset.

Bitcoin and Ethereum funds were able to tap into a new market in this way, and the same could potentially happen with Solana. That said, it only remains to be seen how demand for SOL spot ETFs will end up looking.

SOL Price

At the time of writing, Solana is trading around $186, down 8% over the last week.

Attorneys for Sean “Diddy” Combs told a US federal court they will appeal his conviction and the 50-month prison sentence handed down after his trial. They filed a formal notice of appeal on Monday and are expected to file the full appeal papers soon.

Diddy: Legal Outcome And Sentence

According to court filings and public records, a jury convicted Combs on two counts of transportation to engage in prostitution, while clearing him on two other charges, sex trafficking and racketeering.

Judge Arun Subramanian imposed a 50-month prison term, a $500,000 fine, and five years of probation. At sentencing, the judge said a substantial term was needed so that abuse of women “is met with real accountability.”

Combs had asked for a 14-month sentence so time already spent in custody would lead to a quick release. Prosecutors had pushed for more than 11 years. At the hearing, Combs told the judge, “My actions were disgusting, shameful, and sick.” He said he got “lost in excess” and asked for mercy while apologizing to two women who testified against him.

Sean ‘Diddy’ Combs has filed a notice of appeal in his federal criminal case following his conviction and sentencing in New York. The legal move indicates he is challenging the court…https://t.co/kztoafXP5A#Diddy #LegalNews #FederalCourt

— TC (@tc0888) October 21, 2025

Jury Findings And Trial Details

Reports have disclosed that Combs was arrested in September 2024. His trial ran for nearly two-months this summer and drew widespread coverage.

Witnesses described encounters that prosecutors said showed Combs used his influence in the music industry to pressure people into sexual situations.

One witness, Cassandra Ventura, said she was physically abused and coerced into encounters described in court as “hotel nights.”

Another witness who testified under the name Jane said she felt pressured even when she was unwell.

The jury’s split verdict — guilty on the transportation counts but not guilty on sex trafficking and racketeering — leaves open legal and factual fights that the defense is likely to press on appeal.

Jail Proximity And Public Interest

Another angle that attracted attention was Combs’s placement at the Metropolitan Detention Center in Brooklyn, where he was housed in the same unit as Sam Bankman-Fried, the former crypto executive convicted in the FTX case.

Sources say the two men shared dormitory-style housing and had some informal interactions. There is no public evidence linking Combs to the financial crimes at the center of Bankman-Fried’s conviction, and officials have not tied the two cases together.

Tech And Crypto Connections

Sean ‘Diddy’ Combs has taken part in several tech and crypto-adjacent moves in recent years. He was listed among investors in the banking app ECO, which raised roughly $26 million.

He joined a funding round for a hologram and virtual-communications company that was about $12 million. Disclosure documents from June 2023 tied funds linked to Combs to a stake in X Corp.

A celebrity-linked “DIDDY” meme token briefly reached a market cap near $180 million during news cycles, though links between Combs and that token remain unclear.

Featured image from SiriusXM, chart from TradingView

The Ethereum Foundation has confirmed that the upcoming Fusaka hard fork will introduce a protocol-level ceiling on how much gas a single transaction may consume, formally codified as EIP-7825. The cap is set at 2²⁴ gas—16,777,216 units—marking the first time Ethereum enforces a per-transaction limit distinct from the block gas limit. The change is already active on Holesky and Sepolia and will go live on mainnet when Fusaka activates.

In a post published October 21, Toni Wahrstätter framed the rationale in direct terms: “Starting with the upcoming Fusaka hard fork, EIP-7825 introduces a per-transaction gas limit cap of 2²⁴ (≈ 16.78 million gas).” The Foundation’s note emphasizes that while the cap bounds individual transactions, it does not alter the block gas limit; instead, it is designed to mitigate denial-of-service vectors where a single oversized call monopolizes an entire block and to improve block packing predictability as the network prepares for parallel execution.

EIP-7825 draws a clean line between transaction-level complexity and system-level throughput. Previously, exceptionally large calls could approach the full block gas target (around 45 million at times), creating timing and scheduling pathologies for builders and validators.

The new ceiling obliges workloads that would exceed 16.78 million gas to be broken into smaller, sequenced calls. The Foundation’s guidance is careful to note that “for most users, nothing changes,” since the statistical distribution of real-world transactions already sits well below the threshold; the risk surface primarily concerns batch-heavy contracts, deployment scripts, and specialized routers.

What This Means For Ethereum And Users

From a roadmap perspective, the cap is explicitly positioned as groundwork for parallel execution. The blog post connects the change to anticipated efforts such as EIP-7928 in the “Glamsterdam” era, where predictable, bounded transactions are a prerequisite for meaningful concurrency in the execution layer. By ensuring that at least several independent transactions can be packed per block—even under pathological mempool conditions—the cap reduces worst-case contention and simplifies scheduler design for builders experimenting with parallelizable execution paths.

The specification itself is spare and mechanical. EIP-7825’s abstract states the intent “to 16,777,216 (2^24) gas” per transaction, improving resilience against certain DoS vectors and making transaction processing more predictable as block limits rise. That simplicity has been part of its appeal in core-dev channels: a small, well-scoped constraint that preserves forward compatibility with more ambitious scaling work.

Debate on how to encode and communicate the ceiling has been active for months, including discussions over naming and parameterization on Ethereum Magicians and during AllCoreDevs calls. One thread summarized the core guarantee being targeted by several contributors: aligning block targets to multiples of 2²⁴ so builders can always include at least n transactions if the mempool has n eligible ones—an argument for predictability rather than raw throughput.

Operationally, the Foundation says all major clients—Geth, Erigon, Reth, Nethermind, and Besu—have implemented the change in Fusaka-ready releases, reducing cross-client divergence risk at activation. The post also stresses that eth_call semantics are unaffected and that pre-signed transactions whose gas limits exceed 2²⁴ will need to be re-signed below the cap. The upgrade path for developers is straightforward: test against Holesky or Sepolia, re-tool batch operations that flirt with the limit, and adjust gas-estimation logic and alerts so they fail fast when constructions exceed the new ceiling.

The policy context is worth parsing. Ethereum’s history has favored minimal, general-purpose constraints, deferring complexity to higher layers. EIP-7825 fits that pattern: it does not opine on what contracts should do, only that they respect an upper bound that protects liveness and prepares the execution layer for a multi-threaded future.

It also sidesteps fee-market alterations and leaves blob-space economics and block targets to other EIPs and forks. As the Foundation put it, the cap “establishes a safer and more predictable foundation for higher throughput in future forks,” a line that sums up the trade-off succinctly.

At press time, ETH traded at $3,835.

Bitcoin is struggling to reclaim higher levels as selling pressure intensifies and fear continues to dominate market sentiment. After weeks of volatile price action, the market’s recovery attempts are being met with heavy resistance, with BTC still trading below key psychological levels.

According to data from Lookonchain, the well-known trader known as the BitcoinOG (1011short) — famous for shorting the market during the October 10 crash — is once again making headlines. On-chain data shows that the whale has started dumping BTC, triggering renewed anxiety among traders and investors.

This move has reignited debate across the community, as many analysts consider this trader part of the so-called “smart money” cohort — entities known for anticipating market shifts with high precision. While some interpret the whale’s activity as a sign of further downside ahead, others argue that such events often mark capitulation points where the market absorbs final waves of selling before rebounding.

With uncertainty rising and liquidity thin, Bitcoin’s next moves will be crucial in determining short-term sentiment. The coming days could decide whether this whale’s actions confirm another leg down — or signal the last shakeout before a broader recovery phase.

Whale Activity Intensifies: The BitcoinOG Moves Millions Across Exchanges

According to Lookonchain insights, the BitcoinOG (1011short) — the trader who famously shorted the market during the October 10 crash — is once again making major moves. Since the market downturn, this whale has deposited 5,252 BTC, worth approximately $587.88 million, into major exchanges including Binance, Coinbase, and Hyperliquid. At the same time, data shows his short position on Hyperliquid has grown to 2,100 BTC, valued at around $227.8 million.

This scale of activity has drawn intense attention from analysts, given the trader’s historical accuracy in predicting market tops. Depositing Bitcoin to exchanges often signals potential selling or hedging behavior, adding to the bearish tone currently dominating sentiment. Combined with the expansion of his short exposure, it suggests the whale could be positioning for further downside or protecting gains from earlier market moves.

However, several experts have urged caution in overinterpreting these transactions. On-chain visibility only provides a partial view — these may be just a fraction of the whale’s total holdings or broader strategy. It’s possible that some positions remain hidden across other derivatives platforms, wallets, or over-the-counter deals.

This uncertainty makes the whale’s behavior both intriguing and concerning. While retail traders often react strongly to such visible movements, seasoned analysts emphasize the need for broader context — including derivatives data, funding rates, and liquidity shifts.

Weekly Chart: Support Retest as Market Faces Key Inflection Point

The weekly Bitcoin chart shows the market struggling to hold above the $108,000 region, a critical short-term support level that aligns closely with the 50-week moving average (blue line). After the sharp drop following the October 10 crash, BTC attempted a rebound but failed to sustain momentum above $114,000, signaling persistent selling pressure near the $117,500 resistance — a level that has acted as both support and resistance multiple times over the past year.

The structure now suggests Bitcoin is in a consolidation phase within a broader bullish trend, but downside risks remain elevated. If the 50-week moving average fails to hold, the next potential support lies near $100,000, which aligns with the lower range of historical demand and the March 2025 breakout zone. A break below this region could accelerate selling momentum and confirm a deeper retracement.

Conversely, reclaiming $117,500 would signal renewed strength, opening the door for a potential retest of the $125,000–$130,000 range. Overall, Bitcoin’s weekly structure remains cautiously bullish, but sustained weakness around current levels would put the broader uptrend at risk — making the coming weeks decisive for long-term direction.

Featured image from ChatGPT, chart from TradingView.com

Crypto analyst Steph has presented an interesting comparison between XRP’s 2017 bull run and its current 2025 market structure in a post on the social media platform X. 

The post, which was captured with “The $XRP playbook,” noted a repetition of its early accumulation phase that preceded its massive breakout eight years ago. The technical analysis places 2017’s surge beside the altcoin’s ongoing consolidation around the $2 price level, predicting that the cryptocurrency could be entering a familiar setup for another explosive rally.

XRP Might Repeat The 2017 Blueprint

XRP’s price action in the past few days has been defined by the cryptocurrency looking to break past $2.5. This move comes off the back of a flash crash last week, which caused the altcoin’s price to create a strong downside wick on the daily timeframe. This downside wick, on the other hand, was a quick break to the downside amidst an its price consolidation that has been dragging on since July.

Interestingly, dialing the price action many years back shows XRP has played out a similar pattern like this before. Back in 2017, the token spent months trading sideways before springing into an extraordinary vertical rally that turned it into one of the best-performing cryptocurrencies of that bull cycle. 

This trend, which was also noted in a technical analysis post by STEPH IS CRYPTO on X, looks at the possibility of the token repeating this rally again. The left side of Steph’s chart captures the 2017 price action vividly: a slow accumulation in early March followed by an almost parabolic ascent that pushed the price from fractions of a cent to above $3 within months. 

The chart highlights how the upward curvature that began around February 2017 served as the launchpad for XRP’s historic surge. By framing this as the “playbook,” Steph implies that history could be on the verge of rhyming once more.

2025 Setup: The Calm Before The Storm

The right side of the chart image above shows XRP’s 2025 daily chart mirroring that 2017 accumulation curve. The token has been oscillating around mid $2 to form what looks like a rounded bottom pattern. The annotation points to November/December as the potential turning point.

Steph’s projected path shows the token consolidating between $2.5 and $3 for the next few weeks before entering a strong vertical climb. The projection shows XRP breaking above $3 and then going on a climb that takes it far above its current price levels. The projection line on the chart extends toward $24. This means if the 2017-style pattern repeats, the altcoin could experience an unprecedented price appreciation that brings its new price range above $20. 

Steph isn’t the first analyst to look at similarities to the playbook in 2017. A similar outlook from a crypto analyst known as ChartNerd predicted a breakout to $13.5 if XRP repeats the 2017 rally.

Tether has just minted another 1 billion USDT, only hours ago, reigniting debate over stablecoin-driven liquidity flows across the crypto market. The mint comes at a crucial time — Bitcoin is struggling to reclaim higher levels after weeks of volatility, while altcoins continue to bleed as if a full-blown bear market were underway.

These mints tend to inject liquidity into exchanges, providing the capital needed for traders and market makers to re-enter positions or stabilize volatile price swings. While not always an immediate bullish catalyst, they frequently precede recoveries in market sentiment and volume.

The latest mint follows a wave of renewed uncertainty across the crypto landscape, with investors closely watching Bitcoin’s $110K level as a make-or-break support zone. Altcoins, meanwhile, are experiencing double-digit declines, raising concerns that risk appetite remains weak.

If history is any indication, this new influx of stablecoin liquidity could be setting the stage for a short-term rebound — or at least a temporary relief rally — as liquidity begins to circulate across major exchanges and derivative markets in the days ahead.

A Liquidity Wave That Could Shake the Market

According to data from Lookonchain, Tether and Circle have collectively minted over $7 billion in stablecoins since the October 10 market crash. This surge in new supply marks one of the most significant liquidity injections since midyear, sparking speculation about its potential impact on Bitcoin and the broader crypto market.

Stablecoin mints on this scale often act as precursors to major price swings. While not a direct form of buying, they indicate that fresh capital is being positioned to enter the market — typically through market makers, institutional desks, or exchanges preparing for renewed trading activity. In this context, the $7 billion influx suggests that liquidity conditions are improving after the sharp drawdown that liquidated billions in long positions earlier this month.

Related Reading: 2,496 Bitcoin Moved After Years Of Inactivity – Long-Term Holders Take Action

However, such rapid capital movement can also heighten volatility. As this liquidity begins to circulate, it can amplify both sides of the market — first triggering relief rallies as buyers re-enter, and then sharp corrections as leveraged positions unwind.

For Bitcoin, the timing is especially critical. With BTC still struggling to hold above $108K–$110K, this new liquidity could determine whether the next move is a bullish breakout or another leg lower. Historically, large stablecoin issuances have preceded upward shifts in Bitcoin’s price, but in a fragile market, they can also fuel speculative whipsaws.

Tether’s USDT Dominance Rebounds As Traders Seek Stability

Tether’s market dominance has risen sharply to around 5.06%, signaling a notable shift in sentiment as investors move capital into stablecoins amid heightened market volatility. The weekly chart shows a strong rebound from the 4.6% level, with USDT dominance now testing resistance near the 100-week moving average. This uptick coincides with the broader crypto market downturn following Bitcoin’s failure to hold key support at $110K and widespread selling across altcoins.

Historically, rising USDT dominance reflects increased demand for safety — traders exiting volatile assets and parking capital in stablecoins to wait for clearer market direction. This pattern often precedes periods of accumulation, as sidelined liquidity builds up, ready to re-enter once confidence returns.

From a technical standpoint, the structure suggests that a sustained breakout above 5.2% could extend the dominance rally toward 6%, a level last seen during previous market corrections. However, rejection here would imply stabilization and potential capital rotation back into risk assets.

Featured image from ChatGPT, chart from TradingView.com

A crypto analyst believes that XRP investors are underestimating the importance of a recent announcement by Ripple’s Chief Executive Officer (CEO), Bradley Garlinghouse, which could have major implications for the crypto company. According to the analyst, Ripple’s acquisition of GTreasury, a global industry leader in integrated SaaS treasury, and Hidden Road, a financial powerhouse, could redefine the company’s strategy and strengthen XRP’s position in the global finance sector. 

The Big Announcement XRP Investors Are Overlooking

On Monday, A crypto analyst identified as ‘RiskzTake’ disclosed in an X social media post that most XRP investors have not fully grasped the significance of Ripple’s $1 billion acquisition of GTreasury. The analyst sees Ripple’s announcement as proof that XRP is evolving far beyond its original role as a cross-border payment currency. 

According to him, this new merger positions XRP at the centre of institutional capital movement, powering everything from currency swaps to investments, deposits, and more. He noted that the connection between XRP and institutional liquidity is now more solid than ever. Hidden Road’s involvement, which clears over $3 trillion annually, also provides the essential infrastructure needed to bring all the pieces together.   

Notably, Garlinghouse confirmed the GTreasury deal in an announcement on X, calling it the gateway into a $120 trillion corporate treasury payment market still dominated by outdated systems. He explained that legacy payment infrastructure tends to trap enormous amounts of corporate capital, stifling financial innovation, and this recent acquisition is designed to unlock said trapped liquidity. 

Furthermore, the Ripple CEO noted that GTreasury has been a long-time partner to some of the world’s biggest brands, and now aims to enhance corporate treasury operations by leveraging Ripple’s blockchain expertise to help CFOs integrate stablecoins, tokenized deposits, digital assets, etc. 

Hidden Road’s Role In Ripple’s Next Growth Phase

In an official press release, Ripple outlined its long-term vision for bringing digital assets into corporate treasury management. The company explained that GTreasury’s risk management expertise and established client base will combine with Ripple’s blockchain infrastructure to give corporations real-time control over liquidity and payments. 

With Hidden Road acting as a prime broker, companies will reportedly gain access to the multi-trillion-dollar global repo market, allowing them to use idle capital more efficiently. The acquisition will also enable 24/7, real-time global transactions, which will be faster, cheaper, and more transparent than ever. Together, Ripple and GTreasury plan to offer Fortune 500 treasuries new tools to manage various digital instruments, all backed by regulatory-grade compliance and blockchain-level transparency. 

According to GTreasury CEO Renaat Ver Eecke, the new merger reflects the treasury company’s shift from simply managing capital to deploying it, perfectly aligning with Ripple’s mission to modernize global finance. The deal also marks Ripple’s third major acquisition in 2025, following its purchase of Hidden Road and Rail.

Evernorth, a company backed by players close to Ripple, said it will go public through a SPAC merger that aims to build a large, public XRP treasury. Based on reports and regulatory filings, the deal would list the new company on Nasdaq under the ticker XRPN and raise more than $1 billion in gross proceeds.

Evernorth Teams With Armada Acquisition Corp II

According to filings, Evernorth has signed a business combination agreement with Armada Acquisition Corp II (AACI). The transaction is structured as a SPAC and is expected to bring in over US$1 billion before costs and possible shareholder redemptions.

Reports have disclosed that Japan’s SBI Holdings has committed US$200 million as an anchor investor. Other backers named in the filings include Ripple, Pantera Capital, Kraken, GSR, and Chris Larsen. Asheesh Birla will lead Evernorth as CEO and will step down from his seat on Ripple’s board.

I’m proud to share that we’ve launched @evernorthxrp, a first-of-its-kind institutional vehicle built to accelerate XRP adoption. With over a decade of uptime and a rapidly growing DeFi ecosystem, XRP is well-positioned for adoption — and Evernorth is built to meet that moment.… pic.twitter.com/2YGgQsNWCd

— Asheesh Birla | CEO at Evernorth (@ashgoblue) October 20, 2025

Ripple: Plans Focus On An Institutional XRP Treasury

The stated purpose is straightforward: buy XRP in the open market and hold it on the company balance sheet while seeking yield through lending and liquidity activities. Based on reports, Evernorth’s team describes the plan as creating the largest publicly traded institutional treasury of XRP.

That makes the move different from many crypto plays that simply build products; here the asset itself is the core holding to be managed and reported publicly.

Market Reaction

Markets reacted quickly. XRP saw noticeable price swings after the announcement as traders and funds repositioned their exposure. Details in the filings show that the final amount available for XRP purchases will depend on redemptions and transaction costs, which could significantly affect the company’s buying power.

Evernorth is also expected to outline its custody and risk management framework, given the volatility associated with large token holdings. These aspects are critical since concentrated ownership can influence market movement and expose the firm to sharp changes in asset value.

Reports show the deal targets a close in Q1 2026, subject to shareholder votes and regulatory approvals. The company will need to satisfy Nasdaq listing rules and complete standard SPAC closing steps.

Some of the investors involved have long ties to Ripple and the wider crypto market, and those ties are being watched closely by regulators and market participants. The governance arrangements will be a focal point for anyone considering buying XRPN shares.

Featured image from Pexels, chart from TradingView

On Wednesday, several crypto industry CEOs participated in a roundtable discussion with Senate Democrats. The discussion focused on the Market Structure bill and the Democratic Party’s request for specific provisions in the GENIUS Act, which has already been signed into law by President Trump.

However, sources cited by market experts indicate that tensions escalated during the meeting, leading to a heated exchange between one senator and the crypto executives.

Tensions Flare Between Senator Gallego And Crypto CEOs

According to crypto reporter Eleanor Terret, the meeting began with 30 minutes of introductions from industry leaders, where attendees shared “top-level highlights” they hoped to see reflected in the Market Structure bill. 

The senators collectively expressed their commitment to advancing the legislation, emphasizing that there would be “no slow walking” and acknowledging that even Republicans have concerns regarding the current draft.

However, sources within the meeting reported that Senator Gallego representing Arizona became particularly agitated, telling the crypto CEOs: 

I’m really fucking pissed about what happened last week. Don’t be an arm of the Republican Party. They used you all and your megaphones to fuck us.

Banking Advocates Push For Stricter Stablecoin Regulations

Adding to the discussion, Senator Kennedy remarked during a GOP lunch that lawmakers need to carefully consider the banking industry’s concerns regarding market structure changes. 

“The bankers are worked up, OK? And you better take them serious as four heart attacks and a stroke,” he stated. While Kennedy did not specify the exact concerns, banking advocates have been actively pushing for stricter limits on yields and rewards for stablecoins.

In response, the crypto industry has launched a public campaign advocating for the existing laws to remain intact under the GENIUS Act.

As this situation develops, it remains to be seen how the crypto CEOs will respond and what the future holds for these bills once the government shutdown concludes.

Featured image from DALL-E, chart from TradingView.com 

Despite the ongoing wave of bearish price action for Cardano (ADA), the token appears to be attracting a notable amount of adoption and attention. Large capital is currently being moved in the leading network and altcoin, particularly from institutional players.

Are Institutions Betting Big On Cardano?

Lately, Cardano is experiencing a fresh influx of capital as the market continues to fluctuate. These massive capital inflows, which are coming from institutional investors, mark one of the most crucial turning points in its market dynamics and trajectory.

Specifically, the growing institutional activity is confirmed in the average transaction size being executed on the blockchain. Mintern, the Chief Meme Officer (CMO) of Minswap and market expert, highlighted that the network’s average transaction amount has increased to over $100,000 in the past 30 days.

According to the meme officer, the large transaction size points to aggressive accumulation from institutional investors or whales. As big investors move more money to ADA, the blockchain‘s reputation as a safe, scalable, and regulatory-friendly network is being further validated. 

What this development implies is that confidence in Cardano’s long-term potential is growing. Meanwhile, such a surge in institutional participation underscores the network’s position as a leading contender in the broader and ever-evolving blockchain landscape. Historically, whales’ movements have played a crucial role in price upswings, raising questions about whether smart money investors are positioning ahead of a breakout. 

ADA has displayed notable bullish performance this cycle when compared to other major crypto assets. In another X post, Mintern has shared a chart showing that ADA is now more bullish than Bitcoin, Ethereum, and Solana. 

Cardano is one of the top-ranked assets in the CoinDesk 20 Index, surpassing the three crypto giants following its 6.8% price increase in the last 3 days. Should the altcoin maintain its current momentum, it is likely to trigger its next breakout moment to previous highs. 

Lark Davis foresees a potential 60% surge, as ADA is about to print a daily MACD golden cross below zero. His prediction hinges on a past scenario when this signal spurred a 60% upward increase. While it gears up for the spike, Davis noted that ADA must break past a resistance zone around $0.74 to $0.77. Furthermore, the altcoin must break above a downward resistance line that began in August.

The Blockchain Dominates In Terms Of Community Support

Cardano’s position as the leading blockchain in the crypto sector is also reflected by its strong user base and community support. After its research, TapTools disclosed that the network has moved to the second spot in community support globally, a clear sign of its fast-growing active user base.

Currently, the network is ahead of Bitcoin in this metric. Fueled by developers, stakers, and enthusiasts who are committed to driving innovation within the ecosystem, Cardano’s bullish votes are positioned at 88%. With this high positive support, the blockchain is backed by one of the strongest and most confident communities in the landscape.

In the latest XRP news, Ripple is reportedly partnering with Stellar as both firms look to revolutionize the payments industry. This came as crypto pundit ProfRippl highlighted the link between both firms through the International Rescue Committee (IRC). 

Ripple Reportedly Working With Stellar

In an X post, ProfRippl revealed that Ripple and Stellar are working together. This came as the crypto pundit highlighted the IRC’s links to both crypto firms, indicating that this was what led to the partnership between Ripple and Stellar. Notably, Ripple and IRC had partnered to explore using the crypto firm’s payment services for humanitarian donations. 

Meanwhile, Stellar had once mentioned how IRC distributed cash assistance to Ukraine through its ‘aid assist’. ProfRippl then raised the possibility of other IRC’s partners adopting Ripple and Stellar’s payment services for cross-border transactions. IRC has partnered with organizations such as the Bloomberg Foundation, Google, and the Citi Foundation, among others. 

Meanwhile, ProfRippl also tried to draw a connection between Ripple and former U.K. Prime Minister Tony Blair, who reportedly has close ties with IRC’s CEO David Miliband. Based on this, the crypto pundit suggested that Ripple’s technology could easily be adopted as countries move to integrate cryptocurrencies into their payment infrastructure. 

Meanwhile, in another X post, the crypto pundit highlighted how Ripple and Stellar complement each other rather than being direct competitors. ProfRippl noted that Ripple’s XRP Ledger ensures high-assurance cross-ledger settlement while Stellar enables multi-currency routing and inclusive tokenization. 

ProfRipple further referenced articles that described Ripple and Stellar as layered architectures that serve different but complementary functions. It is worth noting that Stellar’s Jed McCaleb was one of those who created the XRP Ledger alongside Ripple’s CTO David Schwartz and Arthur Britto. 

Like Ripple, Stellar also provides cross-border payment services using its native token XLM. Meanwhile, Ripple uses XRP to power its payment services, with the altcoin serving as a bridge currency between the sender and receiver. 

Fed’s Waller Provides Major Boost For Ripple 

In another recent development, Federal Reserve Governor Chris Waller provided a major boost for Ripple, stating that the Fed staff were exploring a ‘payment account’ to support payments innovation. The payment account will give stablecoin issuers like Ripple access to the Fed’s payment rails, making their operations more efficient. 

Notably, Ripple has already filed for a Fed master account, though there is no timeline for approval. However, Waller revealed that the payment account will have a streamlined review timeline, meaning Ripple may not need to wait for approval of the Fed master account before accessing the Fed’s payment rails. This comes as the crypto firm continues to expand its services, including its relationship partnership with South Africa’s Absa to provide digital asset custody services. 

Październik często postrzegany jest jako miesiąc sprzyjający rynkowi kryptowalut. W tym roku altcoiny spotkało jednak prawdziwe trzęsienie ziemi. Założyciel Ethereum wywołał szok na rynku krypto po ogromnej sprzedaży ETH.

Aktualnie Ethereum nie potrafi odzyskać wcześniejszego impetu wzrostowego, a nagła wyprzedaż ze strony jednego z założycieli sieci wywołała fale spekulacji wśród inwestorów.

Masowa wyprzedaż ze strony Vitalika Buterina

Ruch cenowy ETH nabrał na sile w kierunku spadków, a sprzedaż zarówno po stronie detalicznej, jak i instytucjonalnej wydaje się narastać jednocześnie. Vitalik Buterin, współzałożyciel Ethereum, dołączył do fali wyprzedaży, likwidując znaczną ilość tokenów w jednym dniu.

Według posta na platformie X udostępnionego przez entuzjastę kryptowalut i badacza DeFi, ­OxNobler – Buterin sprzedał ponad 160 000 ETH za około 650 mln USD. Po tej znaczącej wyprzedaży założyciel Ethereum wysłał sygnał alarmowy dla rynku.

Tak ogromna wyprzedaż zwykle rodzi liczne pytania, typu jaki był motyw takiego ruchu i jakie są możliwe konsekwencje dla dalszego kursu ETH?

W obliczu ogólnej zmienności rynku i chwiejnej postawy inwestorów, moment wydaje się szczególnie newralgiczny dla czołowej sieci.

Czy ruch ten odzwierciedla strategiczne zarządzanie portfelem, ostrożność rynkową czy może sygnał zmieniającego się sentymentu w kręgu liderów Ethereum? Na razie nie ma jednoznacznej odpowiedzi, natomiast wyprzedaż dodaje nową warstwę niepewności w dynamice rynkowej ETH.

Rezerwy strategiczne Ethereum spadają

Zaobserwowano również konsekwentny spadek strategicznych rezerw ETH należących do Ethereum Foundation. To sygnał, że organizacja może zmieniać sposób zarządzania aktywami i strategią skarbu.

We wtorek dane on-chain wykazały, że fundacja sprzedała 2 400 ETH o wartości około 9,3 mln USD, co stanowiło około 0,18% całkowitej podaży altcoina.

W ciągu ostatnich pięciu miesięcy sprzedano aż 45 000 ETH, czyli wartość około 175 mln USD. W maju tego roku rezerwa wynosiła 265 400 ETH, a dziś spadła do 220 350 ETH czyli likwidacja ponad 45 000 jednostek.

W chwili pisania artykułu cena ETH oscylowała wokół 3 867 USD Pomimo negatywnego ruchu cenowego, inwestorzy wykazywali pozytywny sentyment wobec ETH – wolumen obrotu wzrósł w tym czasie o ponad 31%.

Co to oznacza dla rynku i dla Twojego portfela?

Gdy jeden z założycieli sieci decyduje się na tak dużą sprzedaż, pojawiają się dwie skrajne interpretacje:

• z jednej strony może to być rutynowe zarządzanie aktywami (np. sprzedaż części kapitału w celu dywersyfikacji)
• z drugiej – może to być sygnał, że w grze dzieją się zmiany, które inwestorzy powinni brać pod uwagę.

Nie oznacza to automatycznie, że teoria długoterminowa dla Ethereum upada, jednak sygnał ostrzegawczy jest wyraźny.

Choć Ethereum wciąż może być jednym z najlepszych krypto do inwestycji to obecna sytuacja pokazuje, że nawet największe projekty nie są odporne na nagłe zmiany sentymentu i aktywności dużych graczy.

Jak w tym kontekście wypadają nowe kryptowaluty i gdzie warto szukać przewagi?

W obliczu takiego wstrząsu na rynku ETH, uwagę wielu inwestorów przyciągają projekty z niższej kapitałizacji, często określane jako nowe kryptowaluty. Właśnie w tym segmencie może kryć się potencjał, jednak z równie wysokim poziomem ryzyka.

Warto przyjrzeć się projektowi, który może stanowić taką właśnie alternatywę. Jednym z nich jest Snorter Token, stworzony z myślą o detalicznych traderach i memecoinach.

Snorter Token: trading bez wychodzenia z czatu

Snorter Token oraz aplikacja Snorter Bot tworzą środowisko tradingowe osadzone w komunikatorze Telegram. Założenie jest proste. Projekt ma umożliwić użytkownikom szybkie, tanie i intuicyjne poruszanie się w świecie memecoinów bez konieczności korzystania z przełączania między aplikacjami czy przeglądarkami.

Dla tych, którzy poszukują ścieżki poza głównym nurtem ETH, Snorter może stanowić ciekawy komponent portfela.

Co oferuje Snorter Token?

• Integracja z Telegramem – bot działa w czacie, bez potrzeby instalowania dodatkowych aplikacji; łączysz się szybko i wygodnie.
• Ekspresowe płatności i sniping – bot realizuje transakcje w czasie poniżej jednej sekundy, korzystając ze swojej infrastruktury odpornej na MEV i oszustwa typu honeypot.
• Najniższe prowizje na rynku – dla posiadaczy tokena SNORT opłata wynosi tylko 0,85%, standardowo 1,5%.
• Zaawansowane funkcje – kopiowanie ruchów topowych portfeli, dynamiczne zlecenia stop-loss, limitowane zlecenia, a także możliwość podglądu pozycji i zysków za pomocą komendy /portfolio.
• Obsługa wielu blockchainów – start na Solanie, a w planach Ethereum, BNB Chain, Polygon i Base.
• Systemy bezpieczeństwa – bot automatycznie wykrywa honeypoty i rugpulle z ponad 85% skutecznością.
• Token SNORT – wielołańcuchowy token użytkowy (SPL na Solanie i ERC-20 na Ethereum) z ograniczoną podażą (500 mln tokenów), odblokowujący funkcje premium, staking i przyszłe głosowania DAO.

Dlaczego warto go rozważyć?

W momencie gdy rynek ETH się chwiejny, projekty takie jak Snorter mogą oferować alternatywę, szczególnie jeśli uważasz, że ETH może być dziś obarczony większym ryzykiem niż zwykle.

Trzeba brać jednak pod uwagę, że token SNORT nie jest instrumentem inwestycyjnym ani udziałem w spółce. To narzędzie stworzone dla traderów, którzy chcą wykorzystać przewagę technologiczną w świecie memecoinów.

Ripple’s long-running strategy is to embed its technology across the world’s financial plumbing—piece by piece and across multiple functions—according to Phil and Dom Kwok, the brothers behind the Easy app, in a new appearance on the Paul Barron Show. The founders characterized what they called “the Ripple plan” as a coordinated effort to place XRP Ledger–based infrastructure and the company’s software wherever institutions already operate, rather than trying to disintermediate them.

Ripple Follow’s Meta’s Blueprint

Talking about Ripple’s acquisitions of Metaco, Standard Custody, Hidden Road and Rail, Dom Kwok framed the objective as coverage across brokerage, treasury, and stablecoin rails, arguing that the cumulative effect—rather than any single deal—reveals the intent. “Ripple really wants to have, you know, the XRP ledger and its tentacles really on the whole financial infrastructure that powers the world,” he said.

“So obviously, Hidden Road on the brokerage side, G-Treasury just now on the treasury side. Rail as well on the stablecoin side. And I think, once you start to see all of those different pieces come together, that’s really where you’re going to start to see sort of the power of what they’ve been building over the last many years.”

He added that the goal is ubiquity across touchpoints: “no matter which bit of the financial infrastructure someone is interfacing with, they are ultimately, indirectly, even if they don’t know it, touching, an aspect of Ripple’s tech.”

To illustrate the roll-up logic, Dom pointed to how large tech platforms expand into adjacency through acquisitions and integrations: “A great example is Facebook, which is now obviously called Meta. They bought Instagram, then they bought WhatsApp… these are standalone companies that were then rolled up and actually became much more valuable once they all came together.”

In his view, the analogy fits because end users may not realize they are engaging with a common underlying platform when interacting with seemingly distinct brands—a dynamic he suggested the company is replicating in finance.

‘The Ripple Plan’

Pressed by host Paul Barron on whether the recent moves reflect a coherent long-term strategy or opportunistic deal-making, Phil Kwok emphasized continuity with Ripple’s institutional, incremental approach, while stopping short of revealing anything not already public.

“I don’t want to say anything that’s not, you know, public yet,” he cautioned, before outlining the philosophical through-line: “If you… look at Ripple’s approach, it’s always been different to the traditional sort of… cypherpunk sort of approach.”

He contrasted Bitcoin’s cypherpunk strand with Ripple’s posture of building with incumbents: “The whole ethos behind Ripple and where it came from was, we need to build on what’s come before… We’ve got to work with the existing financial system.” Citing what he described as Chris Larsen’s consistent message, Phil added: “there has never been a big technological shift, which hasn’t built on what’s come before.”

Phil suggested that the company’s decade-long execution has been aimed at interoperability with banks and financial institutions rather than displacement. “It’s been to work with banks rather than to actually try and say, look, we’re going to completely put banks aside,” he said.

What’s @ripple trying to do here? @dom_kwok @kwok_phil @paulbarron explain The Ripple Plan pic.twitter.com/XHh9uXef6r

— Digital Asset Investor (@digitalassetbuy) October 21, 2025

“We’re going to work together with banking institutions… And so I think that what you’re starting to see right now and what we can talk to publicly is… this strategy really coming into the fore. And you’re starting to see Ripple make big moves to actually capture that and cement what it’s been building over the past decade.”

In Dom’s words, the destination is an environment where, across “the whole financial infrastructure that powers the world,” interacting entities are “indirectly… touching… an aspect of Ripple’s tech.”

At press time, XRP traded at $2.40.

Комиссия по ценным бумагам и фьючерсам Гонконга (SFC) одобрила первый спотовый биржевой фонд (ETF), привязанный к альткоину SOL. Фонд собирается запустить управляющая компания ChinaAMC.

В России назрела необходимость усилить контроль государства за использованием криптовалют для внешнеторговых операций, заявил министр финансов Антон Силуанов.

Майнинговые компании Финляндии начали отапливать жилые дома за счет тепла от оборудования для майнинга биткоинов, заявил генеральный директор Hashlabs Mining Яран Меллеруд (Jaran Mellerud).