Из жизни альткоинов

US spot XRP ETFs recorded their first-ever net outflow on Wednesday, January 7, 2026, breaking a 36-day streak of continuous inflows since their launch in Q4 2025. The shift immediately raised a critical question for the market: Does this change in ETF flow direction signal a deeper downside for XRP’s price, or is it a short-term reset within a still-intact structure? Recent price action and broader market context suggest the answer is more nuanced than a simple bearish continuation.

First Ever Red Day For XRP ETFs

The net outflow for XRP ETFs totaled roughly $40.8 million, driven entirely by a $47.25 million redemption from 21Shares’ TOXR, as Canary Capital, Bitwise, Franklin Templeton, and 21Shares all recorded notable outflows during the period. This heavy selling pressure was partially offset by limited inflows into select products, with Canary’s XRPC attracting $2.32 million, while Grayscale’s GXRP stood out as the only fund to post positive flows, adding about 0.13% or roughly $1.69 million, according to SoSoValue data.

Despite this single day of outflows, XRP ETFs continue to hold significant assets, roughly $1.53 billion, just over 1% of the cryptocurrency’s overall market capitalization. The cumulative fund flow since launch remains strongly positive, indicating institutional demand has not disappeared. 

Following the red ETF print, XRP’s price declined around 7%, slipping below $2.10 after failing to overcome resistance near $2.26. This move occurred within a broader short-term market pullback and did not immediately unwind earlier gains from sustained ETF accumulation. Short-term price response is more likely tied to traders reacting to ETF data and simultaneous weakness in broader crypto markets, rather than an isolated loss of confidence in the altcoin itself.

Broader ETF Outflows Reflect Market-Wide Risk Rotation

The first red day for XRP ETFs coincided with heavy outflows across other major crypto ETFs, highlighting a broader risk-off shift in institutional positioning amid ongoing regulatory recalibration. This came as WisdomTree quietly exited the spot XRP ETF race, withdrawing its SEC filing without any shares issued. Spot Bitcoin ETFs simultaneously recorded withdrawals totaling roughly $486 million, marking one of the largest single-day outflow prints in early 2026.

Spot Ether ETFs also turned negative, with about $99 million in net outflows reported, representing the first net exit day for ETH products this year. Together, these synchronized moves suggest the pressure was not isolated to XRP instruments, but part of a wider rotation across crypto-linked funds as capital reassessed exposure.

Such market-wide ETF weakness tends to amplify short-term price volatility and drive correlated moves across digital asset prices. While prior inflows still provide a degree of support, the combination of fund redemptions and issuers stepping back from new launches raises questions about whether this session marks a temporary pause or the start of a more cautious phase for regulated crypto exposure.

The Solana network is still demonstrating notable activity and performance in a volatile market state, with its price facing sideways movements. With a recent uptick in user participation and demand, the SOL network remains a dominant force in the blockchain sector, ramping up substantial DEX volume over the past few weeks.

Resilient DEX Volume Keeps Solana At The Top

As the cryptocurrency market cools, the Solana network is showing signs of strength. This strength is seen in the network’s on-chain liquidity, which appears to be leading the charge across the dynamic blockchain sector. Solana Daily’s post reveals that Solana’s position at the forefront of on-chain liquidity keeps growing, with Decentralized Exchange (DEX) activity on the network exhibiting notable resilience despite broader market conditions fluctuating.

The chart from Solana Daily shows that the network is processing $6.7 billion in DEX volume. Interestingly, this figure surpasses that of all other layer 1 and layer 2 solutions, reflecting SOL’s strong trading volumes, deep liquidity pools, and sustained user engagement. 

As SOL improves in these areas, it expands its lead over competing layer 1 and layer 2 ecosystems. With active market makers, robust DeFi protocols, and high transaction throughput, the network’s liquidity infrastructure seems to be maturing rather than withering after previous spikes in activity.

Another notable development highlighted by Solana Daily is the rise in SOL’s derivatives market as open interest broadens. At the time of the report, the altcoin’s open interest had reached a staggering $3.35 billion, indicating a fresh wave of trader engagement and risk-taking around the asset.

Increasing open interest usually indicates a new capital inflow into futures and perpetual markets, and in SOL’s case, it coincides with growing on-chain activity and a resurgence of speculative activity. 

A Milestone In On-Chain Performance Into 2026

In another X post, Solana Daily reported that the SOL network closed 2025 with record on-chain performance, reflecting steady growth in real economic activity across applications, liquidity, and users. Traders, developers, and capital are not just testing Solana. They seem to be committing to the network, cementing its position as one of the most active centers in the cryptocurrency field.

This rise in on-chain performance underscores strong revenue metrics, increasing stablecoin supply, and growing institutional participation, which outline an evolving ecosystem heading into the next cycle. As the network further advances into 2026, narratives about Real World Assets (RWAs), payments, AI-native finance, and privacy infrastructure are beginning to emerge throughout the robust ecosystem.

SOL is slowly becoming an on-chain finance prodigy, which is indicated by the surge in stablecoin supply on the network. The Kobeissi Letter has outlined SOL’s stablecoin growth following a supply spike of over +$900 million in 24 hours. 

According to the leading commentary, this is a result of Jupiter, the world’s largest on-chain platform, launching its on-chain focused stablecoin. During the period, Morgan Stanley also filed for a Spot Solana Exchange-Traded Fund (ETF). These moves point to a resurgence in crypto flows.

Crypto pundit NoLimit has drawn attention to a government research paper, which he described as extremely bullish for XRP in the long term. He also highlighted how what is being built on the XRP Ledger will ensure that the altcoin gains real-world adoption, which could eventually boost its value.  

Pundit Draws Attention To Government Paper Highlighting XRP’s Potential

In an X post, NoLimit highlighted a U.S. space and defense research paper published between 2018 and 2019, noting that the content made a bullish case for XRP. He explained that the paper made a very clear distinction between blockchain and distributed ledger technology (DLT). On the one hand, blockchain is treated as just one implementation, and DLT is treated as the broader category that governments actually care about. 

The research paper gave examples, noting that Bitcoin and Ethereum are open, permissionless systems. Meanwhile, NoLimit mentioned that the paper also highlighted permissioned, trusted ledgers used for banks, payments, identity, and regulated environments, which he claimed explicitly points to Ripple’s architecture, which involves XRP. 

The pundit stated that the research paper matters because the use cases highlighted in the paper aren’t crypto-native at all. Instead, they border on identity management, access control, certification, regulated data sharing, and settlement between institutions that require compliance built in. Based on this, the altcoin’s utility could well expand beyond the crypto space. 

The Ledger As The Required Tool To Achieve This Framework

NoLimit noted that the research paper was written for governments trying to modernize infrastructure without breaking existing rules. He then mentioned that what is quietly being built on the Ledger lines up almost perfectly with those requirements. The pundit remarked that back in 2018, the paper could only describe the framework because the tooling wasn’t ready yet. 

However, NoLimit believes that is no longer the case, stating that XRP sits where real adoption happens, which is inside regulated systems that don’t appear overnight. He claimed that this is why the token keeps showing up in places most people aren’t even looking. Notably, the pundit’s statement comes just weeks after Ripple’s former CTO David Schwartz explained how the Ledger will take over the world. 

Schwartz highlighted tokenization as one area where the Ledger was gaining ground, noting that firms such as Ondo Finance and Franklin Templeton wereissuing products on the network. It is also worth mentioning that the Ripple-backed Evernorth just secured a strategic collaboration with Doppler to advance institutional liquidity and treasury use cases on the XRPL. Both firms are also working together to explore structured frameworks for deploying the token at scale. 

At the time of writing, the XRP price is trading at around $2.13, down in the last 24 hours, according to data from CoinMarketCap.

Evernorth, an XRP-focused digital asset treasury backed by Ripple and SBI Holdings, said Thursday it has entered a strategic relationship with Doppler Finance to explore institutional liquidity and treasury use cases on the XRP Ledger, a tie-up pitched as an onchain bridge between one of the largest public XRP treasury firms and a core infrastructure provider.

The two companies said the work will center on designing and piloting “institutional liquidity and treasury use cases on XRPL,” with an emphasis on structured liquidity deployment, potential treasury management strategies, and what they described as building the commercial, operational, and technical foundation needed for sustained institutional engagement.

XRP Institutional Push Accelerates With The Partnership

In the press release, the partnership is framed around how large pools of XRP capital might be deployed on-chain at scale. Evernorth and Doppler said they are evaluating “onchain products and mechanisms for deploying XRP capital at scale,” and exploring liquidity deployment frameworks intended to support treasury management activities on the XRP Ledger. The release positions Doppler’s “institutional-grade architecture” as the enabling layer for structured participation by institutional capital, paired with disciplined risk frameworks.

“The next phase of XRPL adoption will be driven by institutions that demand clarity, structure, and real economic utility,” said Asheesh Birla, CEO of Evernorth. “By collaborating with Doppler, we are advancing practical frameworks for deploying institutional XRP liquidity onchain, with the goal of setting a higher standard for how XRP is used, managed, and scaled across global markets.”

Doppler’s institutional lead framed the relationship as a step toward making XRP behave more like a balance-sheet asset with an onchain yield profile that can meet institutional requirements. “Working with Evernorth represents a meaningful step forward in expanding institutional participation across the XRP Ledger,” said Rox, Head of Institutions at Doppler Finance. “By aligning institutional liquidity with robust infrastructure and disciplined risk frameworks, we aim to unlock XRP’s full potential as a scalable, yield-generating asset for global markets.”

The announcement also highlights go-to-market aspects of institutional adoption, not just the plumbing. Evernorth and Doppler said they plan coordinated strategic communications and market-facing initiatives, including joint announcements, publications, and offline engagements, alongside global market expansion efforts that target both institutional and retail participants. The stated objective is to accelerate adoption and “reinforce confidence in XRPL-native financial infrastructure.”

Evernorth’s positioning is notable in the context of the growing category of crypto treasury vehicles that pitch equity-like exposure to a single asset. The company said it expects to become a publicly traded digital asset treasury following the closing of a business combination agreement with Armada II.

Evernorth says it aims to provide investors exposure to the token “through a regulated, liquid, and transparent structure,” while differentiating itself from ETFs by seeking to “actively grow its XRP per share” using a mix of institutional and DeFi yield strategies, ecosystem participation, and capital markets activities.

At press time, XRP traded at $2.11.

Протокол децентрализованных финансов (DeFi) Truebit, работающий на основе Эфириума, пострадал от хакерской атаки. По оценкам аналитиков Lookonchain, в результате инцидента похищено 8 535 ETH на сумму около $26,6 млн.

Департамент подоходного налога Индии (ITD) обеспокоен анонимным характером криптовалютных транзакций, который может осложнить контроль за соблюдением трейдерами налоговых обязательств.

В 2020 году биткоин занимал 70% в объеме незаконных операций, а стейблкоины — 15%. В 2025-ом стейблкоины составили 84% теневых переводов, а доля биткоина упала до 7%. Причина — простота переводов в стабильных криптовалютах, заявили эксперты работающей в сфере кибербезопасности компании Chainalysis.

Член Палаты представителей Флориды Джон Снайдер (John Snyder), принадлежащий к Республиканской партии, представил новый законопроект о создании стратегического крипторезерва, находящегося в управлении местного казначея.

Стабилизация оттока капитала из биржевых фондов (ETF) является сигналом, указывающим на завершение коррекции крипторынка, заявили аналитики банковского холдинга JPMorgan.

House of Doge, the corporate arm of the Dogecoin Foundation, says it has struck a partnership framework with two Japan-focused firms to explore localized Dogecoin adoption and real-world asset (RWA) initiatives, putting Japan at the center of its next ecosystem expansion effort.

Dogecoin Plots Japan Expansion

In a Thursday press release dated Jan. 8, House of Doge said it has agreed a tripartite cooperation framework with abc Co., Ltd. and ReYuu Japan Inc. The arrangement is framed as a roadmap for “future collaboration,” rather than a single product launch, but it spells out several lines of work that point toward regulated tokenization and payments-style integrations tailored to the Japanese market.

“This partnership reflects our continued focus on supporting thoughtful, real-world expansion of the Dogecoin ecosystem,” Marco Margiotta, CEO of House of Doge, said in the release. “Japan represents a natural and culturally aligned market for DOGE given its strong embrace of digital innovation and we are pleased to explore opportunities alongside abc and ReYuu Japan that support responsible innovation, real-world utility, and long-term ecosystem growth.”

House of Doge said the agreement outlines potential cooperation areas designed to “leverage the strengths of each party” in support of  ecosystem growth. The framework highlights efforts around promoting and adopting gold asset-backed stablecoins, as well as regulatory-oriented work connected to listing RWA tokens under Japan’s “green list” framework. It also references establishing a joint fund within the Dogecoin ecosystem and pushing “next-generation Web3” through real-world use cases.

The inclusion of a “green list” pathway is notable because it foregrounds compliance and market-structure considerations rather than the meme-driven branding that has historically defined DOGE in the public imagination. At the same time, the release does not specify which assets would be tokenized, what a gold-backed stablecoin would look like in practice, or whether any on-chain issuance would be directly tied to Dogecoin versus adjacent infrastructure.

The partners are positioned as complementary: ReYuu Japan is described as supporting business development and localization in Japan, while abc is presented as bringing “token-economy design, smart-contract development, and regulatory alignment,” with a focus on RWA and compliant Web3 integration. House of Doge’s role is framed as ecosystem coordination and infrastructure investment, with the press release casting the partnership as part of a broader international strategy.

Together, the companies say they intend to support “localized and responsible” expansion of Dogecoin-related initiatives in Japan, though the release stops short of naming specific merchants, financial institutions, pilot programs, or timelines.

House of Doge used the announcement to reinforce its broader narrative: that Dogecoin’s next phase is about practical utility; payments, financial products, and tokenization rather than purely cultural relevance. “House of Doge is the official corporate arm of the Dogecoin Foundation, committed to advancing Dogecoin as a widely accepted and decentralized global currency. By investing in the necessary infrastructure to integrate Dogecoin into everyday commerce, House of Doge is building secure, scalable, and efficient systems for real-world use.”

It adds that its scope spans “payments and financial products to real-world asset tokenization and cultural partnerships,” arguing this is “the next era of crypto utility, where Dogecoin goes beyond the meme.”

At press time, DOGE traded at $0.14276.

Команда разработчиков конфиденциальной криптовалюты Zcash объявила о работе над новым кошельком менее чем через сутки после громкого ухода всей команды Electric Coin Company (ECC) из Bootstrap.

A report from on-chain analytics firm Glassnode has revealed how Bitcoin profit realization saw a reset ahead of the recent price surge.

Bitcoin Realized Profit Has Gone Down Recently

In its latest weekly report, Glassnode has talked about the latest trend in the Realized Profit of Bitcoin. This on-chain indicator measures the total amount of profit that investors on the BTC network are realizing through their transactions.

The metric works by going through the transfer history of each coin being moved or sold on the network to see what price it was transacted at prior to this. If the last transaction price of the token was less than the spot price it’s now being sold at, then the sale is considered to realize some net gain.

The exact amount of profit involved in the transfer is equal to the difference between the two prices. The Realized Profit sums up this value for all profit transactions on the blockchain.

A counterpart indicator known as the Realized Loss takes care of the sales of the opposite type. That is, the moves involving a cost basis higher than the latest transfer price.

Now, here is a chart that shows the trend in the 7-day moving average (MA) of the Bitcoin Realized Profit over the last few years:

As displayed in the above graph, the 7-day average Bitcoin Realized Profit was above the $1 billion level for much of the fourth quarter of 2025, with a particularly large spike of nearly $3 billion coming in November that coincided with the cryptocurrency’s bottom.

In December, however, the metric saw a sharp decline to a value of just $183.8 million. “This deceleration in realized gains, particularly among longer-term holders, signalled an exhaustion of distribution-side pressure that had been anchoring price action in the prior quarter,” noted Glassnode.

What followed this cooldown in profit-taking was BTC’s climb above $94,000 during the first week of 2026. “As sell-side intensity eased, the market was able to stabilize, regain composure, and support a renewed upside impulse,” said the analytics firm.

The Realized Profit and Realized Loss deal with the profit/loss being realized by the investors, but what about the unrealized profits or losses? An indicator called the Market Value to Realized Value (MVRV) Ratio contains the information related to that.

In the report, Glassnode has specifically discussed about this indicator for the short-term holders (STHs), representing the low-conviction side of the market (holding time of 155 days or less).

From the chart, it’s visible that the Bitcoin STH MVRV has been below the 1 level recently, implying that the new market entrants have been holding a net unrealized loss.

BTC Price

Bitcoin fell under $90,000 earlier in the day, but the asset has since rebounded to $90,900.

Coinbase (COIN), the US-based cryptocurrency exchange, has recently garnered a positive forecast from Bank of America, one of Wall Street’s leading financial institutions, which has upgraded its rating to “buy.” 

This shift comes after a thorough evaluation of Coinbase’s strategic positioning, as the company prepares for a potentially successful 2026. This follows a 2025 in which major acquisitions were made to significantly expand the range of services offered beyond mere trading.

Bank Of America Upgrades Coinbase’s Prospects 

Research analyst Craig Siegenthaler from Bank of America highlighted several factors contributing to this optimistic outlook. He noted that Coinbase’s ongoing product expansion, strategic pivots, and an appealing valuation create a solid foundation for the company’s performance in the coming years. 

Siegenthaler specifically attributed the bank’s revised stance on Coinbase’s stock, COIN, to an acceleration in product velocity and a pullback in the stock price observed during the second half of 2025.

Recent market data shows that the cryptocurrency exchange’s shares have fallen approximately 40% from their peaks of $445 reached back in July of last year, making this a more attractive entry point for investors. 

The exchange is also diversifying its offerings, looking beyond cryptocurrency to include stocks, exchange-traded funds (ETFs), and prediction markets. According to Siegenthaler, this expansion brings Coinbase closer to realizing its vision of becoming the “everything exchange.”

Price Target Of $340 For COIN

A significant factor in Bank of America’s bullish assessment is the crypto firm’s Base, a Layer-2 (L2) network built on the Ethereum (ETH) blockchain. The analyst views Base as a pivotal step in Coinbase’s evolution from merely a trading platform to a comprehensive crypto infrastructure provider. 

The anticipated launch of a native token in the future could serve as a major catalyst, potentially raising billions and further enhancing the platform’s capabilities.

Another initiative that piqued Bank of America’s interest is Coinbase Tokenize. This feature integrates issuance, custody, compliance, and access to the exchange’s client base, positioning the company as a leader in the tokenization market.

From a valuation perspective, Bank of America observed that Coinbase’s price-to-earnings (P/E) ratio has significantly compressed since mid-2024, improving the stock’s risk-reward profile. 

This adjustment in valuation, coupled with a more favorable regulatory environment expected under President Donald Trump, could provide “sizable tailwinds” for the crypto firm as the industry matures.

Looking ahead, Bank of America envisions Coinbase solidifying its dominant role across trading, infrastructure, and tokenization as the next phase of cryptocurrency adoption unfolds. 

The bank has reiterated its price target of $340 for Coinbase’s stock, reflecting its confidence in the company’s long-term prospects. This suggests that the company’s stock price could potentially recover by 38% in the near-term if materializes.

Featured image from Shutterstock, chart from TradingView.com

A Florida lawmaker is attempting to revive the state’s previous efforts to establish and manage a Strategic Bitcoin Reserve (SBR) to protect its residents against inflation and enhance economic security.

A New Strategic Bitcoin Reserve Proposal

On Wednesday, Florida House of Representatives member John Snyder introduced House Bill 1039 (HB 1039) to create and administer a state-run Strategic Cryptocurrency Reserve focused on Bitcoin (BTC).

According to the legislation, the strategic reserve would be established as “a special fund outside the State Treasury” to serve “hedge against inflation and economic volatility” and the “public purpose of providing enhanced financial security to residents of this state.”

Notably, the bill states that “to be eligible to be purchased for the reserve, a cryptocurrency must have an average market capitalization of at least $500 billion over the most recent 24-month period.” Under this condition, only Bitcoin, with its $1 trillion market capitalization, meets the requirements.

Based on this, Florida’s reserve would consist of “money transferred or deposited to the credit of the reserve by legislative appropriation, (…) Revenue that the Legislature by general law dedicates for deposit to the credit of the reserve, (…) Cryptocurrency purchased using money in or received by the reserve, (…) Investment earnings and interest or rewards earned on assets in the reserve.”

In addition, the reserve would be custodied and managed by Florida’s Chief Financial Officer (CFO), who will be able to “acquire, exchange, sell, supervise, manage or retain any kind of investments” that a prudent investor would manage, under “the purposes, terms, distribution requirements, and other circumstances then prevailing for the reserve.”

The CFO would be allowed to establish contracts with one or more third-party entities for the administration and management of the reserve, including technology providers for a secure custody solution, a qualified custodian, and liquidity providers that facilitate the purchase and sales of the reserve’s assets.

Moreover, HB 1039 would launch the “Florida Strategic Cryptocurrency Reserve Advisory Committee” within the Department of Financial Affairs. The committee would be composed of five members, including the CFO, who would serve as the chairman, and four other individuals appointed by the CFO.

Florida’s SBR Push

Representative Snyder’s proposal follows previous attempts to establish a Strategic Bitcoin Reserve in Florida. Over the past year, some lawmakers joined the global SBR momentum and introduced multiple bills to create and manage a state-run crypto reserve.

As reported by Bitcoinist, the Florida Blockchain Business Association (FBBA) proposed the state’s first Bitcoin Reserve at the end of 2024, seeking to allocate a small percentage of its $185.7 billion pension fund to BTC.

Samuel Armes, head of the FBBA, suggested that the state could use 1% of its pension fund, around $1.85 billion, to invest in Bitcoin as part of Florida’s push to launch a crypto-based strategic reserve.

In February 2025, Senator Joe Gruters introduced Senate Bill 550 (SB 550) to allow the state’s CFO to invest up to 10% of public funds in the flagship crypto. Similarly, Representative Webster Barnaby introduced House Bill 487 (HB 487) in April 2025 to allow Florida’s CFO and the State Board of Administration to invest up to 10% of certain state funds in Bitcoin, as a strategy to protect against inflation and enhance economic security.

Nonetheless, both bills died in the first half of the year after failing to obtain a majority vote in their respective committee hearings. Last October, Representative Barnaby filed House Bill 183 (HB 183) with a revised and “more flexible” text to revive Florida’s SBR efforts.

If HB 1039 passes the state’s Senate and House votes and is signed into law, Florida would join Arizona, New Hampshire, and Texas as the few states to have enacted a Strategic Bitcoin Reserve.

World Liberty Financial (WLFI), closely associated with President Donald Trump and his son Eric, is making significant strides to align itself with major players in the cryptocurrency industry, including Ripple, and Fidelity Digital Assets. 

The company aims to secure a national trust charter in the United States, a strategic move designed to facilitate the issuance of its USD1 stablecoin, and to streamline the process for customers looking to utilize and convert the firm’s cryptocurrency.

World Liberty Financial Aims For Regulatory Approval

Zach Witkoff, proposed president and chair of World Liberty Trust Company—a subsidiary that has applied for the charter—described this initiative as a pivotal evolution of the World Liberty Financial ecosystem. 

Securing a national trust charter would enable World Liberty Financial to provide custodial banking services and gain access to national payment networks while operating under the supervision of the Office of the Comptroller of the Currency (OCC). 

However, this regulatory framework differs significantly from a national bank charter, which subjects a firm to stricter oversight due to its ability to offer consumer banking services.

Last year, the OCC granted conditional national trust charters to several cryptocurrency firms, allowing these companies to manage digital assets and other financial instruments without the need to obtain state-by-state approvals. 

This development was hailed as a historic move by the regulatory body and a substantial win for the digital asset sector, although it faced criticism from traditional banking institutions.

Traditional Banks Voice Concerns

World Liberty Financial is joining a growing list of digital asset businesses seeking regulatory approval, with the eventual goal of accessing “skinny” master accounts at the Federal Reserve (Fed). Such accounts would grant limited use of the Fed’s payments system, a critical asset in modern financial operations. 

Recently, the Federal Reserve sought public feedback on the potential establishment of these accounts, marking a significant step toward greater acceptance of digital assets in the mainstream financial ecosystem. 

Yet, Bitcoinist has reported for the past months that traditional banks have expressed apprehension that allowing crypto companies access to such facilities could compromise financial stability.

Among the companies previously awarded a charter are BitGo, which has acted as the custodian for World Liberty Financial’s USD1 stablecoin. The approval of World Liberty Financial’s application would enable the Trump-backed firm to manage its stablecoin more actively. 

BitGo CEO Mike Belshe lauded USD1’s growth, reporting that it surpassed $3.3 billion in its first year. He expressed enthusiasm for continuing their strategic partnership as World Liberty Trust Company becomes operational and USD1 embarks on its next growth phase.

At the time of writing, World Liberty Financial’s native token, WLFI, is trading at $0.18. This represents a significant 10% increase following the announcement, as well as substantial gains of 37% over the past fourteen days. 

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

On-chain data shows whales have ramped up their memecoin activity as Floki, Pepe, and Shiba Inu have all seen a spike in large transactions.

Memecoins Among The Coins With The Largest Whale Activity Growths

In a new post on X, on-chain analytics firm Santiment has shared the list of cryptocurrencies with a market cap of at least $500 million that have seen the largest weekly jumps in the Whale Transaction Count.

The “Whale Transaction Count” is an indicator that measures the total number of transfers occurring on a given network involving a value of more than $100,000. Transactions of this size are generally considered to reflect the activity of the whales, humongous entities who carry large amounts in their wallets.

When the value of the Whale Transaction Count rises, it means that the whales are ramping up their transfer activity. Such a trend can be a sign that interest in the asset is going up among the big-money traders. On the other hand, the indicator going down implies that the influential members of the market may be shifting their attention away from the cryptocurrency as they have reduced their on-chain participation.

Now, here is a table that shows how the major assets in the cryptocurrency sector rank against each other in terms of the percentage change in their Whale Transaction Count over the past week:

As is visible above, four tokens from the top 10 happen to be memecoins, assets that are tied to an online meme. Two of these are versions of Floki (FLOKI), with the Ethereum blockchain version topping the list with a weekly Whale Transaction Count increase of a whopping 950%, while the BNB Chain version is third with the metric sitting at 550%.

Pepe (PEPE) has come second on the ranking, with whales on the network increasing their activity by 620%. The other memecoin on the list is Shiba Inu (SHIB), ranked tenth with an indicator jump of over 111%. Given that all of these memecoins have seen a substantial increase in the Whale Transaction Count during the past week, it would appear that big-money interest in these assets has reignited.

As for what a strong rise in the metric means, it’s usually hard to say anything for certain, as the Whale Transaction Count only includes the absolute number of whale-sized moves and contains no information about whether buying or selling is dominant. In general, though, volatility can be likely to follow spikes in whale activity.

In the case of the memecoins, the jump in the indicator has coincided with sharp price surges, pointing to accumulation being dominant.

Pepe Price

Pepe has enjoyed the strongest rally out of the memecoins that have seen an uptick in whale transfers, as its price has shot up by more than 47% in the past week.

The entire Electric Coin Company (ECC) team behind privacy coin Zcash has left Bootstrap, a nonprofit created to support the token, after what ECC CEO Josh Swihart described as a governance breakdown that made the team’s work untenable. Swihart said the team will form a new company and continue building on Zcash, while stressing that the protocol itself is unaffected.

A Zcash Civil War In The Making?

In a statement posted to X, Swihart said that “over the past few weeks, it’s become clear that the majority of Bootstrap board members … have moved into clear misalignment with the mission of Zcash,” naming Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai, which he referred to collectively as “ZCAM.”

Swihart framed the departure as a response to employment changes imposed by the board majority. “Yesterday, the entire ECC team left after being constructively discharged* by ZCAM,” he wrote. “In short, the terms of our employment were changed in ways that made it impossible for us to perform our duties effectively and with integrity.”

The exit represents a sharp escalation in tensions inside one of the support structures surrounding Zcash, a network that has historically relied on a small number of specialist organizations to fund and coordinate development. Swihart did not provide specific details on the governance actions or employment terms at issue, but portrayed the split as a defensive move to protect Electric Coin Company’s ability to execute its mandate.

“We’re founding a new company, but we’re still the same team with the same mission: building unstoppable private money,” Swihart said. He emphasized that “the Zcash protocol is unaffected,” adding that the decision was “simply about protecting our team’s work from malicious governance actions that have made it impossible to honor ECC’s original mission.”

Zooko Wilcox, the founder of Zcash said the conflict does not involve him or Shielded Labs, also sought to separate the organizational dispute from the operational status of the network. “Big drama in one (or two now?) of the many Zcash support orgs,” he wrote on X, before offering reassurance to users.

“The Zcash network is open source, permissionless, secure, and private, and nothing that happens in this conflict can change that,” Zooko said. “You can safely continue to use Zcash.”

In a second point, Zooko offered a character reference for the board members named by Swihart, highlighting how personal trust and long-running working relationships can factor into ecosystem governance disputes. “I’ve worked closely with Alan Fairless, Zaki Manian, and Christina Garman for more than 10 years, through many intense and difficult situations, and with Michelle Lai for about 5 years,” he wrote. “Based on my experiences, I believe them all to be people of exceptionally high integrity.”

Bootstrap Board Responds

[UPDATE:] After Swihart’s post, Bootstrap’s board issued its own statement tying the dispute to governance and legal constraints around a proposed transaction involving Zashi, describing the fallout as a disagreement over structure rather than over Zcash’s underlying mission. “We are saddened by this outcome and respect the contributions of those who have chosen to depart,” the board wrote, before adding that “it’s important to clarify the nature of the disagreement.”

Bootstrap said it was formed as a 501(c)(3) public-benefit nonprofit with “specific legal and fiduciary obligations” governing how assets, intellectual property, and transactions can be structured. According to the board, it had been discussing “external investment and alternative structures to privatize Zashi,” while working with legal counsel to ensure any path forward complied with US nonprofit law and preserved the long-term Zcash mission.

“There is nothing wrong with for-profits,” the statement said, adding that a well-executed effort could bring “a large amount of outside capital into making Zcash and privacy great and user-friendly,” but emphasizing that “Bootstrap/ECC’s nonprofit constraints are real.”

The board warned that the most recent version of the proposed deal could create legal and political risk for the broader ecosystem, arguing it “introduces new vulnerabilities for politically-motivated attacks on Zcash.” It cited the possibility of donor lawsuits and even an unwinding scenario in which “Zashi would have to be transferred back to ECC,” framing those tail risks as a threat not just to the parties involved but to “the entire Zcash ecosystem.”

In that context, the statement cast the standoff as a compliance issue: “This is not a disagreement about Zcash’s mission, which remains unchanged,” the board wrote. “It is about compliance with the legal and fiduciary obligations of a 501(c)(3), and about the moral imperative of ensuring Bootstrap’s assets remain dedicated to the mission they were meant to serve.”

At press time, the ZEC price was strongly affected by the drama, trading at $408.57.

Bitcoin is struggling to maintain strength above the $90,000 level after once again failing to break through the critical $94,000 resistance zone. What initially appeared to be a recovery attempt has gradually lost momentum, leaving BTC trapped in a broad consolidation range that has persisted since late November. Each push higher has been met with selling pressure, reinforcing the idea that bulls are losing control of the short-term trend.

Market sentiment remains fragile. Volatility has compressed, directional conviction is weak, and price action increasingly reflects indecision rather than accumulation. While long-term holders appear largely inactive, the absence of aggressive dip buying suggests that confidence across the broader market is still muted. This environment has created fertile ground for sharp reactions, but not yet for a sustainable trend reversal.

Crucially, on-chain data shows that retail investors are still missing in action. Measures tracking retail demand indicate continued weakness, highlighting that the recent stabilization in price has not been driven by renewed participation from smaller investors.

Historically, strong Bitcoin advances tend to coincide with rising retail involvement, as fresh demand reinforces upside momentum. Without that cohort returning, current price support looks increasingly vulnerable.

Retail Demand Remains Absent

According to data shared by Maartunn, Bitcoin’s 30-day change in Retail Investor Demand remains deeply negative, underscoring a critical weakness beneath the surface of current price action. In simple terms, the crowd has not returned to the market—at least not in a meaningful way.

Retail investors historically play a crucial role in sustaining bullish trends. They provide incremental demand, amplify momentum, and often arrive after periods of consolidation or early recoveries. When retail demand is expanding, price advances tend to be more durable. The opposite is also true. A persistently negative 30-day retail demand metric signals that smaller investors are either staying on the sidelines or continuing to reduce exposure.

This helps explain why Bitcoin’s recent attempts to reclaim higher levels have struggled. Without fresh retail inflows, upside moves rely almost entirely on larger players absorbing supply. That dynamic can support temporary bounces, but it often lacks the depth required for a sustained breakout.

From a risk perspective, weak retail participation also increases fragility. If price rallies into resistance without new demand entering the system, it becomes more vulnerable to pullbacks triggered by profit-taking or external shocks.

Until retail demand begins to recover and shift into positive territory, Bitcoin’s price action is likely to remain range-bound, with rallies facing structural headwinds rather than broad-based support.

Bitcoin Consolidates Below Key Resistance

Bitcoin’s lower-timeframe structure highlights a market that remains fragile despite recent recovery attempts. On the 4-hour chart, BTC is trading just below the $90,000 level after failing to sustain momentum above the $94,000–$95,000 zone earlier this month. That rejection marked a clear lower high, reinforcing the broader corrective structure that has been in place since late November.

From a trend perspective, price is oscillating around its short- and medium-term moving averages, with the 50-period and 100-period averages acting as dynamic resistance rather than support. Each push higher has been met with selling pressure, suggesting that upside liquidity is still being used as an exit rather than as confirmation of renewed demand. The 200-period moving average on this timeframe remains overhead, capping rallies and defining the upper boundary of the current range.

Structurally, Bitcoin is consolidating between roughly $87,000 and $92,000. This range reflects indecision rather than strength. While buyers have defended the lower boundary multiple times, the lack of follow-through above resistance signals exhaustion. Volume has also compressed compared to the November sell-off, indicating reduced participation and a lack of conviction on both sides.

Unless BTC can reclaim the $92,000–$94,000 region with strong volume and hold it as support, the current move remains a corrective bounce. A breakdown below the $87,000 support would likely reopen downside risk toward deeper liquidity levels, keeping short-term risk elevated.

Reece Merrick, Senior Executive Officer and Managing Director for the Middle East & Africa at Ripple, has revealed what’s coming for the ecosystem, highlighting developments that could have potential implications on the XRP price. Although XRP is rebounding and trading above $2, further improvements in its market dynamics and institutional engagement could strengthen its momentum and drive prices higher. 

Ripple Executive Reveals What’s Ahead For XRP

In an X post on Wednesday, Merrick gave a detailed perspective on where XRP is heading and why its role in global finance is expanding. The Ripple executive highlighted XRP’s continued role as a bridge asset connecting real-world finance with emerging digital markets. 

He stated that XRP is actively supporting stablecoins, Real-World Assets (RWAs), and institutional payment flows at scale. He also noted that these use cases show the cryptocurrency moving beyond theory and into practical financial infrastructure. 

In his post, Merrick emphasized that growing momentum in Exchange-Traded Funds (ETFs) is amplifying institutional participation in XRP. He said that more corporate treasuries are now exploring the cryptocurrency as a reserve asset, signaling that adoption is still in an early phase. 

Merrick indicated that all these developments lay the foundation for XRP’s price outlook. By positioning the cryptocurrency at the center of global settlement and liquidity, increased institutional demand can drive stronger market dynamics that push the XRP price higher over time. Moreover, the Ripple executive believes these developments are just the beginning, suggesting more growth ahead for XRP. 

Notably, Merrick’s statements were issued in response to a broader discussion initiated by RippleX, the developer-focused arm of the crypto company. The thread explained XRP’s functional design and its role in global financial systems. RippleX emphasized that XRP is purpose-built for settlement and liquidity, not speculation. 

The team described the cryptocurrency as a neutral bridge that enables value movement across payment rails, stablecoins, tokenized assets, and collateral worldwide. RippleX also noted that XRP is among the few digital assets with clear regulatory standing in the United States and ranks within the top three cryptocurrencies by market capitalization. 

RippleX further highlighted that XRP has achieved its first institutional treasury through Evernorth, which has secured more than $1 billion in commitments. It also noted support from multiple spot ETF issuers, including Bitwise, Canary Capital, Franklin Templeton, and Grayscale.

How These Developments Could Drive The XRP Price

In his post, Merrick highlighted several bullish factors for XRP, including ETFs, settlements, institutional adoption, and RWAs. Each of these developments could support the XRP price in different ways. 

Firstly, ETFs could drive prices higher as investors buy more products to gain exposure to XRP without the typical security and regulatory risks. Analysts also theorize that a supply shock could occur, leading to a subsequent price spike as institutions absorb significant portions of XRP’s available supply. 

Institutional adoption through global settlements could also rapidly increase demand, possibly influencing price action. RWAs and stablecoins also create a new demand market for XRP, supporting potential upward price movement.

Speculation regarding a potential presidential pardon for Sam Bankman-Fried, the disgraced former CEO and co-founder of crypto exchange FTX, intensified since former Binance CEO Changpeng Zhao received clemency from President Donald Trump last year. 

However, a recent report by The New York Times indicates that Trump has firmly rejected the idea of pardoning Bankman-Fried, alongside other high-profile figures.

No Clemency For FTX Co-Founder

When questioned about the possibility of issuing presidential pardons for individuals such as Sean Combs, Nicolas Maduro, and Bankman-Fried, Trump made it clear that he had no intentions of granting clemency to these individuals. 

This news comes as the former crypto mogul continues to seek relief from his 25-year sentence for one of the largest financial frauds in modern history.

Bankman-Fried’s parents are reportedly working behind the scenes to lobby for a reduction in their son’s sentence. Despite these efforts, the extensive fallout from FTX’s collapse appears to have swayed Trump’s thinking against issuing a pardon.

In November 2023, Bankman-Fried was convicted on seven criminal counts, including fraud and conspiracy, resulting in a 25-year prison sentence and a mandate to repay $11 billion to FTX customers. 

His legal team stated back in November 2025 that their client had been “unfairly convicted,” claiming he was denied a fair opportunity to defend himself amid intense media scrutiny and prosecutorial pressure. 

“Sam Bankman-Fried was never presumed innocent,” they argued in their appeal. “He was presumed guilty—before he was even charged.”

 Bankman-Fried Pursues Legal Remedies

The situation drew further comparisons to Zhao’s case when, on October 23, the White House announced Trump had pardoned the Binance co-founder, who had previously pleaded guilty to charges two years earlier. 

White House Press Secretary Karoline Leavitt remarked that the President was exercising his constitutional authority in pardoning Zhao, who faced prosecution by the Biden Administration amidst its regulatory actions against cryptocurrency.

However, the circumstances surrounding FTX’s dramatic collapse suggest that a pardon for the former FTX CEO is unlikely at this time. As it stands, Bankman-Fried remains focused on his legal options.

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