Из жизни альткоинов

Federal Reserve Governor Michael S. Barr used a keynote at DC Fintech Week to praise Congress for finally drawing lines around stablecoins—then immediately warned that the new law’s drafting could open channels for risk and regulatory arbitrage, including a pathway for Bitcoin-linked instruments to sit inside stablecoin reserves with only indirect Federal Reserve visibility.

Bitcoin May Exploit Loophole In GENIUS Act

Speaking in Washington on October 16, Barr said “payments innovation is accelerating,” and acknowledged that the newly enacted GENIUS Act “provides some clarity to issuers of stablecoins about how they can fit into the regulatory and supervisory framework,” potentially speeding development of new payment products. But he stressed that “success in accomplishing these goals will depend on the details of regulatory implementation,” adding bluntly: “Regulators have a lot of work to do to implement the act.”

The most pointed warning came in Barr’s discussion of what the statute now counts as permissible reserve assets for payment stablecoins. The GENIUS Act’s core safety mechanism is to restrict reserves to a list of high-quality, liquid instruments. Yet the text also allows reserves formed via overnight repurchase agreements backed by “any medium of exchange authorized or adopted by a foreign government.”

Barr highlighted the practical consequence with a concrete example: “For example, until quite recently, El Salvador treated Bitcoin as legal tender, and it still specifically permits Bitcoin to be used for transactions on a voluntary basis. As a result, an issuer could argue that Bitcoin repo could qualify as an eligible reserve asset for a stablecoin.”

He cautioned that if Bitcoin prices “were to drop sharply in value, a stablecoin issuer could be stuck holding the Bitcoin that had declined in value, potentially compromising the one-to-one backing of the stablecoin liabilities,” concluding that “to the extent possible, regulations should be put in place to eliminate or minimize such risks.” Barr’s Bitcoin example ties directly to his broader concern: the GENIUS Act creates a mosaic of overseers—four federal agencies plus every state and territorial regulator can serve as primary supervisor of permitted stablecoin issuers.

Not Only Bitcoin: More Crypto Risks

In his view, that multiplicity risks creating uneven interpretations of the law’s guardrails and incentives for “charter choice” that could blunt federal prudential intent. “There might be a great deal of heterogeneity in the regulatory frameworks that apply to permitted issuers… The resulting array of charter choice options, unless carefully managed, may provide incentives for regulatory arbitrage,” he said.

Beyond the foreign-authorized medium-of-exchange clause, Barr flagged other reserve-design openings that could transmit stress. He noted that the GENIUS Act allows uninsured deposits to count as permissible reserves and recalled their role as a “key risk factor during the March 2023 banking stress.” The law empowers regulators to limit concentrations in such deposits, he said, but “it will matter how these rules are written.”

His critique extended to scope and structure. The statute empowers federal and state regulators to authorize a wide range of activities for stablecoin issuers—“digital asset service provider” and “incidental” businesses beyond pure issuance. Barr warned that issuers “are likely to seek to stretch these activities limitations,” even to the point of arguing they could “perform the full range of activities conducted by FTX,” provided they make certain representations and maintain appropriate accounting. That breadth, he suggested, could leave some issuers operating with risk profiles far afield from narrow payments functions while escaping consolidated capital regimes if housed in trust-chartered entities—an echo of historical vulnerabilities.

On capital, Barr argued the law’s issuer-level requirements could prove “too narrow” once firms branch into these additional lines, particularly when the act carves bank-affiliated issuers out of consolidated capital coverage. “Appropriate capital requirements are another area where coordination among federal and state regulators is key,” he said, adding that the statute’s standard for judging whether state rules are “substantially similar” to federal requirements will matter in practice.

He also pressed on consumer-protection gaps. The act does not sweep in all instruments commonly marketed as “stablecoins,” allowing certain dollar-denominated tokenized products to remain outside the new regime. That omission, Barr warned, risks confusing users into believing they are protected when “there are no prudential protections of any kind.” He urged federal and state enforcers to use unfair-and-deceptive-practices authorities to police misrepresentations and noted the law lacks the fraud and unauthorized-transfer protections that apply to traditional payment rails.

At press time, Bitcoin traded at $108,973.

Bitcoin jumped about 4% in the past 24 hours, trading near $110,000. Short-term players are watching a break above $112,200 for signs of renewed strength, while long-term holders still sit largely in profit.

Reports have disclosed that easing US–China tensions may help risk assets like Bitcoin in the near term, adding a geopolitical layer to price action.

Macro Risks Could Shape Next Downturn

According to analyst Willy Woo, the next crypto bear market could be driven by a classic “business cycle” slump rather than the usual crypto rhythms.

He pointed out that two cycles have overlapped so far: the four-year Bitcoin halving rhythm and swings in M2 money supply.

Woo warned that a true business cycle contraction — the kind seen around 2001 and 2008 — would be a different test for Bitcoin’s role in markets.

We had two 4y cycles superimposed

Now it’s only one; global M2 liquidity

Next bear IMO will be defined by another cycle people forget about → the business cycle

The last biz cycle downturns that really took hold was 2008 and 2001, from before crypto markets were invented pic.twitter.com/inHqQH7zWx

— Willy Woo (@woonomic) October 20, 2025

Historical Events Offer A Guide

The dot-com downturn around 2001 saw US stocks fall roughly 50% over two years. And during the 2008 financial crisis the S&P 500 dropped about 56% as credit froze and GDP fell.

Those events happened before crypto existed, which is why Woo says crypto has not yet been stress-tested by a full-scale recession. Based on reports, that concern is about how liquidity would change and how quickly investors would sell riskier holdings.

Liquidity And Recession Signals

The National Bureau of Economic Research tracks employment, personal income, industrial production and retail sales to spot recessions. Right now there is no across-the-board signal that a deep downturn is imminent, though some risks are elevated.

Trade tariffs are one factor that trimmed growth in the first half of 2025 and are expected to weigh on GDP into the first half of 2026, analysts said. That kind of slower growth can sap liquidity and pressure markets.

$BTC has reclaimed the $109,000-$110,000 support zone.

The next crucial level to reclaim is $112,000, which could push Bitcoin higher.

With US-China trade tensions easing, I think BTC could rally more from here. pic.twitter.com/D8VNses1ix

— Ted (@TedPillows) October 20, 2025

What Traders Are Watching Next

Analyst Ted Pillows said Bitcoin has regained a foothold between $109,000 and $110,000, and he pointed to $112,000 as the next resistance that matters.

A clean move above that zone could invite more buyers. Conversely, a sharp liquidity squeeze from a broader recession could force Bitcoin to move more like tech stocks did in past downturns, not like gold.

The Real Test

Woo said the real test for Bitcoin will come when cash gets tight and investors must choose where to park money — not from the usual crypto triggers.

This period, he said, will expose who treated Bitcoin as a hedge and who treated it as a high-risk bet, and that outcome will shape institutional behavior and market rules going forward.

Featured image from Gemini, chart from TradingView

The crypto market’s October slump just worsened, dropping by around 3%. Bitcoin slipped under $110,000 intraday and Ethereum fell below $3,900, dragging most altcoins into the red as a risk-off wave rippled across digital assets.

The drawdown follows one of the harshest months of the year. The market has erased roughly $370 billion in value, with as much as $19 billion in leveraged positions liquidated and $65 billion wiped from futures open interest, resetting activity to early-2025 levels.

Related Reading: Winklevoss-Led Gemini Exchange Unveils New Credit Card Featuring Solana Rewards

Institutional support thinned as spot Bitcoin ETFs posted about $1.23B in weekly net outflows, including $366M on Friday alone, removing a key buyer during sell pressure.

At the same time, a major AWS outage disrupted access on leading venues, including Coinbase and several DeFi front ends, widening spreads and accelerating forced unwinds. Within 24 hours, over $240M in long positions, mostly BTC and ETH, were liquidated, briefly pushing Bitcoin toward $107,500.

Musk/SpaceX Wallet Move Fuels Fear As Macro Tensions Simmer

Nerves frayed further after trackers flagged SpaceX transfers totaling 2,395 BTC ($268M). While on-chain analysts suggest the flows look like internal custody reshuffles, with receiving wallets still inactive, the timing sparked “Is Musk selling?” headlines and added to headline risk.

The backdrop was already fragile as renewed U.S.–China trade tensions, a stronger dollar, and U.S. fiscal uncertainty have pushed investors toward cash and safe havens.

Micro catalysts didn’t help confidence. A Paxos operational error that minted an astronomical number of PYUSD units (quickly reversed) reminded traders of infrastructure risk just as liquidity thinned.

Meanwhile, altcoins bled more than majors (averaging 4% drop) as SOL, BNB, ADA and DOGE posted deeper single-day declines, while XRP showed relative resilience on fresh institutional headlines. The rotation underscores a classic flight to quality: when BTC wobbles, smaller caps usually underperform.

What To Watch Next

Technically, Bitcoin faces layered resistance near $112,000–$115,500, with supports at $108,000, $105,000–$102,000, and the psychological $100,000 zone.

A decisive daily close back above the 50-day region ($113,000) would help stabilize momentum; lose $101,700 and the market risks a deeper bearish phase as stop-losses and auto-deleveraging re-ignite.

Related Reading: Is The Bitcoin Supercycle Still In Play? Wave 3 Tells A Story Of A Surge

For Ethereum, bulls want to reclaim $4,000 and the $4,050–$4,150 supply area; failure keeps pressure on toward $3,700–$3,600.

Near-term catalysts remain firmly macro, with the upcoming U.S. CPI print and any Federal Reserve hints on rate cuts or quantitative tightening (QT) likely to shift liquidity dynamics quickly. On the micro side, investors should monitor ETF flows to see if outflows ease, as well as exchange uptime and whale behavior.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Cardano (ADA) slipped about 4% to $0.64, trading below the 20-, 50- and 200-day moving averages ($0.735, $0.804, $0.741), a setup that keeps short- and medium-term pressure tilted lower. Even so, on-chain flow shows whales accumulating roughly 200 million ADA as developers push fresh upgrades.

However, fundamentals have brightened with Cardano’s Hydra scaling and Midnight privacy tech advanced, daily transaction value topped $10B, and ADA joined the S&P Digital Markets 50, all factors often cited by institutions building longer-term positions.

Derivatives data echo the mixed tone as open interest has climbed above $600M, reflecting active speculation despite price compression, while steady exchange outflows point to broader staking/long-term holding behavior. Can a MACD ‘Golden Cross’ Repeat June’s 60% Rally?

Momentum remains conflicted. The daily MACD is nearing a bullish crossover, a pattern that preceded June’s 60% ADA surge from the $0.53 zone to $0.93 within weeks.

Oversold oscillators (daily RSI 33, negative CCI, soft Awesome Oscillator) suggest sellers may be tiring into support, yet the ADX still favors the prevailing trend, arguing for patience until confirmation.

Technically, bulls must reclaim $0.664 and the 20-DMA to neutralize near-term downside. Above, $0.74–$0.77 (former support now resistance) and $0.80 align with a descending trendline from the Aug. 14 swing, forming a decisive ceiling.

A clean break and hold over $0.71–$0.74 (0.618 Fib confluence/EMA cluster) would strengthen the case for a trend reversal, and reopen talk of a move toward over $1.00 if momentum expands.

ADA Price Levels and Outlook: Support First, Then Confirmation

Near term, analysts see range-bound risk with downside skew. Models project $0.542–$0.590 over the next week if sellers press, with the Ichimoku Kijun support near $0.583 acting as a pivot.

Immediate levels to watch for Cardano (ADA) remain well-defined as the token trades within a tightening range. On the downside, support is seen at $0.639, followed by $0.602 and $0.583, with a breakdown below $0.60 likely to expose the $0.542 zone.

On the upside, resistance sits near $0.664, aligning with the 20-day moving average (20-DMA), while stronger hurdles appear around $0.74–$0.77 and the $0.80 trendline, which marks a key test for sustained bullish momentum.

Cover image from ChatGPT, ADAUSD chart from Tradingview

New reports reveal that institutional investors are pulling out of Bitcoin (BTC) and now moving funds into Ethereum (ETH), Solana (SOL), and XRP. According to a new CoinShares report, ETH, SOL, and XRP are seeing strong inflows as investors take advantage of price dips, even as BTC experiences one of the largest weekly outflows of the year. 

US Institutions Drive Largest Weekly Bitcoin Outflows

The CoinShares report, published on October 20, shows that digital asset investment products faced a tough week following the liquidity shock on Friday, October 10. Net outflows from crypto Exchange-Traded Products (ETPs) hit $513 million, marking one of the year’s largest weekly moves. This ultimately brought cumulative outflows since the liquidation event to $668 million, suggesting that ETP investors remained unfazed while on-chain investors turned more bearish. 

CoinShares reported that most of the selling pressure was heavily concentrated in the United States (US), which alone saw $621 million leave the market, as institutional investors offloaded Bitcoin positions in massive volumes. While the US experienced significant outflows, other countries like Germany recorded inflows of $54.2 million, Switzerland saw $48 million, and Canada added $42.4 million, as investors in those regions used the price drop to buy the dip. 

Bitcoin was hit the hardest during the liquidity cascade, recording $946 million in outflows, according to CoinShares data. The widespread sell-off came as confidence among US institutional investors weakened following the Binance liquidity incident and the US 100% tariff hike on Chinese imported goods. 

CoinShares also disclosed that Bitcoin’s Year-to-Date (YTD) inflows now stand at $29.3 billion, falling short of the $41.7 billion recorded in 2024. Despite the sell-off, trading activity across the market stayed strong. Weekly trading volumes for digital asset ETP hit $51 billion, nearly double this year’s weekly average.   

Investors Dump BTC For Ethereum, Solana, And XRP

While institutions dumped Bitcoin, Ethereum, Solana, and XRP saw a wave of institutional buying. ETH led the inflows, pulling in $205 million as investors took the cryptocurrency’s weakness and price decline as a buying opportunity. A 2x leveraged Ethereum ETP also saw inflows totalling $457 million, marking the largest weekly inflow according to CoinShares. 

Solana and XRP followed closely, driven by growing anticipation over their potential ETP launches. CoinShares reported that SOL brought in $156 million, while XRP attracted $73.9 million in new inflows. These movements suggest that BTC is no longer dominating institutional portfolios and investors are growing increasingly bullish on the long-term potential of Ethereum, Solana, and XRP. 

According to the latest data from CoinMarketCap, the Bitcoin price has dropped over 3% and is currently at around $107,589. Ethereum has also declined by more than 4.8%, trading at $3,864, while Solana and XRP have fallen to $183 and $2.42, down by 4.78% and 1.23%, respectively.

Solana’s price action is not the only reason the leading network is in the spotlight in the ongoing market cycle. The blockchain has been seeing robust activity lately, allowing it to gain notable traction in the financial sector. An example of its growing recognition in the financial landscape is the recent move by Exodus to tokenize its stock on the blockchain.

Exodus Chooses Solana For Stock Tokenization

As cryptocurrency gains traction, Solana is becoming an increasingly popular choice of blockchain among financial institutions. In a groundbreaking move that connects blockchain innovation with traditional finance, Exodus has declared its intention to use the Solana network to tokenize its common shares.

The bold move was reported by MartyParty, a macro analyst and host of The Office Space, in a recent post on the X platform. Exodus’s integration with the SOL network represents a significant step toward on-chain equity ownership by allowing investors to exchange and manage shares with the speed, transparency, and efficiency of decentralized technology.

According to the report, shareholders of the corporation have the option to hold their Exodus Class A shares on the blockchain using common stock tokens. Exodus is now the first publicly traded company to offer a common stock token, which currently exists on Solana and Algorand. 

This move to tokenize stock on the SOL blockchain will be enabled via the co-transfer agent Superstate issuance platform. Although they are not shares, these digital representations show a shareholder’s current ownership of shares in the books and records of the transfer agent. 

“Tokenization and, specifically, tokenized stocks on the blockchain are the future of the financial sector and capital markets. Therefore, bringing Exodus stock to large, significant blockchain communities is a priority for us,” JP Richardson, the CEO of Exodus, stated.

Bridging To The SOL Blockchain Skyrockets

Solana continues to demonstrate its dominance in the blockchain sector as large capital flows into the network. As revealed in a recent report from SolanaFloor, bridging activity to SOL is skyrocketing, reflecting the network’s growing appeal among investors and developers.

Data shows that more than $135 million has been bridged from other major chains to Solana over the past 7 days. Interestingly, the largest portion of the capital inflows was observed coming from Ethereum and BNB Chain.

The capital rotation to SOL is likely due to its lightning-fast throughput, low transaction costs, and a thriving DeFi ecosystem. Furthermore, it points to a larger shift in on-chain liquidity dynamics and highlights SOL’s growing position as a high-performance center in the multi-chain economy.

With substantial capital flowing into SOL, the network’s Total Value Locked (TVL) has now risen sharply to a 40-month high. A significant rise in TVL reflects a renewed wave of liquidity, which signals strong confidence among investors and growing on-chain activity.

A post shared by Chad Steingraber on X claims that Walmart’s financial technology arm, OnePay, is preparing to add RLUSD payments on the XRP Ledger, through a partnership with ZeroHash, a licensed digital asset company based in Chicago that provides crypto infrastructure for payment platforms. The plan connects Walmart’s growing payment system with the XRP Ledger, where stablecoin Ripple USD (RLUSD) is now supported. The partnership points to Walmart’s growing link with Ripple as part of its future in digital finance and could help OnePay bring blockchain payments into everyday use. 

Walmart’s OnePay Expands Into Crypto With ZeroHash Partnership

According to the details shared by Chad Steingraber on X, OnePay, the fintech company majority-owned by Walmart, will soon add cryptocurrency trading and custody to its mobile app. Through this setup, OnePay users will be able to manage their digital assets securely inside the app, just as they do with regular banking tools.

OnePay, founded by Walmart and Ribbit Capital in 2021, already offers a range of financial tools, including savings accounts, credit and debit cards, buy-now-pay-later options, and mobile plans. OnePay has been gradually expanding its digital services to create what it calls an “everything app” for personal finance. Adding crypto capabilities now places OnePay closer to that goal and may connect Walmart customers to XRP-based payments in the near future.

By partnering with ZeroHash, OnePay is stepping into a wider financial network that includes direct links to the XRP ecosystem. It could help Walmart reach millions of users who want a simple way to use digital assets. 

ZeroHash Integrates Ripple USD (RLUSD) On XRP Ledger

Documents shared with Steingraber’s post on X show that ZeroHash has launched support for Ripple USD (RLUSD) on the XRP Ledger. The release, dated February 3, 2025, confirms that users can buy, sell, deposit, and withdraw RLUSD, including for users in New York. The same update lists RLUSD as a stablecoin available on both the XRP and Ethereum networks, though the focus is clearly on XRP for OnePay’s system.

Ripple USD (RLUSD) works as a stable digital dollar built on the XRP Ledger. It is suitable for regular financial use as it supports fast and low-cost payments and maintains a steady value. ZeroHash LLC and ZeroHash Liquidity Services LLC are licensed by the New York State Department of Financial Services to offer virtual currency services, allowing them to provide crypto transactions and custody for platforms like OnePay safely.

With OnePay powered by ZeroHash and RLUSD supported on XRP, the connection between Walmart and the Ripple ecosystem is now clear. The information shared by Chad Steingraber shows that Walmart is entering a new phase in digital finance, one where major retail companies begin applying blockchain technology to real payment systems. 

 

Bitcoin is once again under pressure as the market navigates a volatile and uncertain phase. After briefly reclaiming the $111K level, the world’s largest cryptocurrency is struggling to maintain $110K as a stable support zone. Sellers are regaining control, and bearish traders are calling for a deeper retrace toward lower range levels — possibly below the six-figure mark.

Adding to the cautious tone, fresh data from CryptoQuant reveals a concerning on-chain development: old Bitcoin coins are waking up. This metric, which tracks previously dormant BTC moving on-chain, has shown a sharp increase among coins aged 3–5 years, indicating that long-term holders are starting to move or sell part of their holdings. Historically, such behavior has preceded phases of heightened volatility or deeper corrections, as these older coins often represent significant, high-volume supply entering the market.

While some analysts interpret these moves as long-term holders taking profits after the year’s rally, others warn that renewed selling from this group could intensify downward pressure. As market sentiment turns defensive, traders are watching closely to see whether Bitcoin can defend key support zones or if these “old coins” will fuel the next leg of a broader correction.

Long-Term Holders Move Supply as Selling Pressure Builds

Top analyst Maartunn shared data revealing a notable spike in long-term holder activity, with 3–5-year-old BTC spent jumping to 2,496 BTC — a significant move considering the typically dormant nature of this cohort. These “old coins” represent Bitcoin that hasn’t moved in years, often held by investors with high conviction. When this group becomes active, it usually signals a major shift in market dynamics.

Historically, such spikes in long-term holder activity tend to occur near macro turning points, either as a sign of distribution during local tops or early reaccumulation phases after deep corrections. In the current context, this rise in aged coin movement could mean two things. First, it might reflect profit-taking from early holders who are capitalizing on gains as market volatility intensifies. Second, it could indicate reallocation or strategic rotation, where coins move between wallets as investors prepare for renewed market turbulence.

This comes amid a backdrop of persistent selling pressure, with Bitcoin struggling to hold above the $110K level. The broader market remains cautious, as liquidity thins and short-term traders react to each downside move.

While long-term holders moving supply can appear bearish in the short run, it’s also a natural part of market cycles — often preceding phases of redistribution that ultimately strengthen long-term structure. If Bitcoin can absorb this supply and maintain support above $106K–$108K, it could set the foundation for a more sustainable rebound. However, failure to do so might confirm a deeper correction, potentially testing the $100K zone once again.

Testing Support Amid Renewed Weakness

Bitcoin is struggling to find momentum after days of selling pressure, currently trading around $107,800. The 3-day chart shows BTC fighting to stay above the 200-day moving average (green line) near $106,000, a crucial support that has historically served as a base during major corrections. The bounce from the recent $103K low suggests some buying interest, but momentum remains fragile as bulls attempt to defend this key zone.

The 50-day moving average (blue line), sitting above $112,000, now acts as short-term resistance, with a broader supply area forming around $117,500 — the same level that capped previous rallies. A close above this threshold could confirm a short-term reversal, signaling renewed buyer confidence. However, repeated failures to reclaim it may invite another wave of selling pressure.

Market structure remains neutral-to-bearish, with volatility compressing following the October 10 flash crash. If BTC loses the $106K–$107K zone, downside targets could extend toward $100K, where the yearly average offers the next layer of support.

Featured image from ChatGPT, chart from TradingView.com

Crypto pundit Diana has explained why not every XRP investor will be able to sell at the top, even as the community awaits higher prices. The pundit alluded to a liquidity shortage and how there might not be enough demand as everyone tries to offload their coins at the same time. 

Why Not Every XRP Investor Will Be Able To Sell At The Top

In an X post, Diana echoed Jake Claver’s statement that a lot of exchanges won’t have the liquidity to let XRP holders exit at the market value. The pundit remarked that many token holders won’t be able to just cash out if the price rises to, like $10. She explained that this is because if too many people try to sell at once, the market doesn’t have enough buyers ready to take all those orders at the same price. 

Diana noted that this is a result of thin liquidity. As such, those looking to sell at $10 might have their order filled at $8.50. She added that this is what is known as slippage and that it could cause investors to lose thousands in a few seconds. The pundit also gave an illustration of how the rush to sell during parabolic rallies is just like when everyone is trying to leave through the same door when the fire alarm goes off during a concert. 

In this case, the liquidity is like the door, and it won’t be able to accommodate everyone. Diana stated that the issue of liquidity matters more for XRP because while retail traders use Coinbase or Kraken, banks, hedge funds, and corporations don’t. Instead, she claimed that they trade off-exchanges through private deals called OTC trades. 

The pundit further remarked that with Ripple’s $1 billion acquisition of GTreasury, more XRP liquidity is about to move off crypto exchanges and into corporate systems. She noted that this is great for real-world adoption, but that it means that there will be less of the altcoin available on public markets when everyone tries to sell.  

What Holders Should Do

Diana advised XRP holders to plan ahead, as when the next XRP bull run hits, prices could surge higher than ever, but cashing out won’t be simple. As part of the plan, she told investors to move their tokens off crypto exchanges now and set their sell targets early. The pundit added that holders should use limit orders instead of market orders. 

Diana stated that when the altcoin finally goes vertical, the winners won’t be those who timed the top but those who were ready for it. Jake Claver, CEO of Digital Ascension Group, had also warned XRP holders that without custody, tax strategy, and wealth infrastructure before the liquidity event, many would fumble to generate wealth. 

At the time of writing, the XRP price is trading at around $2.42, down in the last 24 hours, according to data from CoinMarketCap.

Despite a sudden rebound on Monday, the price of Bitcoin has now fallen below the key $110,000 level after hitting as high as $113,000 last week. As BTC’s price trajectory turns bearish once again, the market seems to be in a highly cautious state, as indicated by a drop below BTC’s MVRV network.

Market Sentiment Shifting After A Drop In Bitcoin MVRV?

While Bitcoin’s price is showcasing bullish action, key on-chain metrics are currently flashing a potential warning sign in its market dynamics. The most recent warning signal comes from the Bitcoin Market Value to Realized Value (MVRV) ratio.

CryptoQuant, a leading on-chain data analytics platform, has shared an update revealing that Bitcoin’s on-chain landscape is flashing caution as the MVRV metric has fallen below its 365-day average. This development hints at a possible shift in market dynamics and sentiment.

In the quick-take post, ShayanMarkets highlighted that the key metric is now positioned near the 1.9 level, slightly below its 365-day moving average. This decrease has come before significant turning points, either indicating prime accumulation zones or opening the door for more profound corrections.

ShayanMarkets noted that every time the ratio fell below the 365 SMA in the past, it indicated a local bottom indication and a buying opportunity. A similar scenario was observed during the middle of 2021, June 2022, and early 2024.

With the scenario reappearing, it simply implies that the market is once again entering an undervaluation phase. The undervaluation phase represents a period where long-term Bitcoin holders usually start to build up their positions.

It is important to note that the MVRV Ratio’s position below its long-term average indicates a decline in excessive speculation and an increase in long-term confidence. Such a pattern aligns with the technical reaction from the institutional demand area.

Should the metric start to move upward from current levels, it could serve as confirmation that the recent sell-off was a cyclical bottom setup. As a result, the renewed bullish phase into the fourth quarter of this year may receive additional support from the development.

BTC’s Dropped Triggers Robust De-Risking

After examining several crucial metrics, Glassnode, a financial and data analytics platform, disclosed a highly cautious Bitcoin market landscape. During the decline from $115,000 to $104,000 within 4 days, a sharp de-risking was ignited across the market. Even though BTC later rebounded to $111,000, positioning is still conservative, and market sentiment remained cautious. 

At the same time, off-chain signals continue to show weakness around the board. Currently, activity in ETFs, futures, options, and spots is all heading downward, and the majority of indicators are at historically low levels.

In addition, on-chain activity is exhibiting mixed signals, causing indecision in the market. While there are still large inflows of capital, profitability is being squeezed, and fundamentals are deteriorating. This disparity shows that after last week’s flush, the market is torn between caution and conviction.

Основатель и гендиректор финансовой компании Real Vision Рауль Пал (Raoul Pal) назвал основным драйвером биткоин-рынка ликвидность, то есть объем вложенных денег, но не политические события.

Спецслужбы Евросоюза ликвидировали колл-центр латвийских криптомошенников, действовавших по всему Евросоюзу и причинивших ущерб инвесторам на сумму около $5,7 млн.

Quick Facts:

• 1️⃣ Bitcoin Hyper’s presale has raised over $24.4M, positioning itself as a potential execution layer for Bitcoin.
• 2️⃣ Built on Solana’s Virtual Machine (SVM), it brings sub-second transactions and near-zero fees to the Bitcoin network.
• 3️⃣ $HYPER powers gas, staking, and governance, while offering yields of up to 48% APY.
• 4️⃣ Both $BTC and $HYPER strengthen each other. Bitcoin brings the trust, while Hyper delivers the speed and scalability.

Bitcoin’s dominance is unquestioned, but its speed isn’t. With $BTC trading around $108K and spot ETFs pulling in billions, institutions now hold more Bitcoin than ever before.

Yet the network’s biggest flaw remains unchanged. Bitcoin has slow transactions, high fees, and limited scalability that hold it back from real-world use.

While Bitcoin remains a stable store of value, Solana, Ethereum, BNB Chain, and others are racing ahead. They power DeFi, NFTs, and meme culture with lightning speeds. The contrast is massive. But that’s starting to change.

Bitcoin Hyper ($HYPER) aims to make Bitcoin great again by making it usable. By bringing Solana-grade speed to the world’s largest blockchain, Bitcoin can become fast, cheap, and borderless.

The presale has already reached $24.4M, so it’s clear that investors see this as more than just another Layer-2. They view this as Bitcoin’s long-awaited upgrade.

Bitcoin’s Growing Scalability Crisis

The magnitude of Bitcoin’s scalability problem is not a joke. The Bitcoin network currently processes around 2.8 transactions per second (TPS), with a maximum theoretical capacity of just 7 TPS.

Each block takes roughly 15 minutes to confirm, and transactions only reach finality (when the transaction is considered final) after about an hour. That’s a long wait to buy a coffee, let alone run DeFi.

In comparison, Solana handles 843 TPS in real-time with a 0.4-second block time and 12.8-second finality. BNB Chain moves 278 TPS in under a second. Even Tron and Base process well above 100 TPS, with block finality under a minute.

Bitcoin’s one-hour delay makes it look like dial-up internet next to these fiber-optic chains.

The impact is simple: usability. High fees and slow confirmation times have prompted builders and traders to seek faster networks. That’s why Solana dominates meme coins, Ethereum leads DeFi, and Base powers daily dApp traffic.

Bitcoin may be digital gold, but until it can move at internet speed, it can’t power the digital economy.

Bitcoin’s unmatched security and brand strength will keep it the world’s most trusted blockchain. But its speed deficit prevents it from competing where innovation happens — on-chain.

To evolve, it needs an execution layer that preserves security while delivering modern performance. That’s precisely where Bitcoin Hyper comes into play.

Bitcoin Hyper’s Layer-2 Brings Solana Speed to Bitcoin

Bitcoin Hyper ($HYPER) is a new Layer-2 network designed to provide Bitcoin with the speed and flexibility it has been lacking for over a decade.

Powered by Solana’s Virtual Machine (SVM), it enables sub-second transactions and near-zero gas fees within the Bitcoin ecosystem without compromising on security. You can think of it as Bitcoin’s execution layer — the place where activity can actually happen.

Here’s how it works:

• Bridge In: You send in your $BTC to a verified address. Smart contracts will automatically read Bitcoin blocks to confirm your deposit.
• Layer-2 Execution: Once it is verified, an equal amount of $BTC is mirrored 1:1 on Bitcoin Hyper. From there, you can send, stake, or trade instantly.
• Settlement: Transactions are bundled and validated using zero-knowledge (ZK) proofs before being committed back to Bitcoin’s main chain for full transparency.
• Bridge Out: If you want your $BTC back, you request a withdrawal, and the system unlocks it on the Bitcoin Layer-1.

Importantly, this isn’t a wrapped token or custodial bridge. Bitcoin Hyper stays fully trustless and verifiable, using ZK cryptography to maintain Bitcoin’s integrity while significantly upgrading its performance.

The benefits are apparent. From sub-second confirmations to near-zero fees, Bitcoin suddenly becomes a hub for DeFi, NFTs, and meme coins. It also seamlessly interoperates with Ethereum, Solana, and Bitcoin.

Imagine being able to pay with $BTC as fast as sending $SOL. Or using your Bitcoin as collateral in DeFi.

That’s why many are viewing Bitcoin Hyper as the missing execution layer — one that could finally enable Bitcoin to compete in the same high-speed, low-fee realm as other blockchains.

$24.4M Raised as Whales Join the Party

Bitcoin Hyper’s presale has already raised $24.4M — a sign that investors are hungry for a faster and more functional version of Bitcoin.

The token is priced at $0.013145, but our Bitcoin Hyper price prediction forecasts a possible 11x before the end of the year. Staking yields are currently reaching up to 48%, giving early buyers both upside potential and passive rewards while they await the Token Generation Event (TGE).

Whales have been active. A $36.5K purchase this week only adds to a series of six-figure buys recorded on-chain. Many of these buyers are betting that Bitcoin’s first true execution layer could follow the same trajectory as earlier Layer-2 success stories.

The $HYPER token fuels every part of the ecosystem. It’s used for gas, staking, governance rights, and access to the launchpad. Early investors also gain priority access to staking pools, airdrops, and the first wave of dApps that are built on Bitcoin Hyper’s high-speed L2.

Learn how to buy Bitcoin Hyper in our step-by-step walkthrough.

For years, the utility of Bitcoin has meant trusting wrapped tokens or centralized sidechains. Bitcoin Hyper changes that with a fully verifiable and zero-knowledge Layer-2 that stays in sync with the main chain.

Both $BTC and $HYPER will strengthen each other. Bitcoin provides the security and trust, while Hyper delivers the speed and scalability to unlock actual utility. This increases the likelihood that $HYPER will be the next cryptocurrency to explode.

Join the Bitcoin Hyper presale before the next price increase.

As always, this article does not constitute financial advice. Crypto and presales carry inherent risks. Please do your own research (DYOR) and never invest more than you can afford to lose.

Authored by Aidan Weeks, Bitcoinist — https://bitcoinist.com/bitcoin-hyper-best-crypto-presale-makes-bitcoin-great-again

Заместитель председателя Банка Японии Рёдзо Химино (Ryozo Himino) заявил, что стейблкоины будут играть важную роль в международных платежах и в мировой финансовой системе.

Polygon Foundation CEO Sandeep Nailwal has publicly questioned his “loyalty toward Ethereum,” igniting a rare, unvarnished bout of soul-searching across the ecosystem that drew immediate responses from core contributors, investors, and ultimately Vitalik Buterin himself. The exchange, which unfolded on X over the past 10 hours, centers on whether the Ethereum Foundation (EF) adequately supports its builders, how Layer-2 projects are recognized within Ethereum’s narrative and market “beta,” and whether the community’s culture has drifted from its original ideals.

Is The Ethereum Foundation A ‘Shitshow’?

“Read this from Peter and realized that it’s time for me to also speak up,” Nailwal wrote, referencing core developer Péter Szilágyi’s decision on October 19 to publish a letter he says he sent to EF leadership roughly 18 months ago. Nailwal, who credits Ethereum and Buterin as his entry point and inspiration, said his long-standing moral loyalty to Ethereum has come at personal and corporate cost: “Though I/we never got any direct support from the EF or the Ethereum CT community — in fact, the reverse. But I have always felt moral loyalty towards Ethereum even if [it] costs me billions of dollars in Polygon’s valuation perhaps.”

Nailwal’s critique is both cultural and financial. “The Ethereum community as a whole has been a shit show for quite some time,” he wrote, adding that recurring public crises force major contributors to “question what they’re even doing here.” He said friends, including AkshayBD (Chief Marketing Officer of the Solana Foundation and a co-founder of SuperteamDAO), have urged him to declare Polygon an L1 and “walk away from this circus,” and claimed the community’s “socialistic behavior” has trolled Polygon despite its contributions “because of some arbitrary ‘technical definition.’”

He argued that market structure punishes Polygon for refusing the L1 label: “It’s widely believed that if Polygon ever decided to call itself an L1, it would probably be valued 2–5× higher than it is today,” pointing to a now-widely discussed comparison: “Like think about it, Hedera Hashgraph an L1 is valued higher than Polygon, Arbitrum, Optimism and Scroll combined.”

The classification dispute, in Nailwal’s telling, has real-world consequences for recognition and index inclusion. He insisted “Polygon PoS effectively hinged on Ethereum, while Katana, XLayer, and dozens of other chains in Polygon’s ecosystem are true L2s,” yet “the Ethereum community ensures Polygon is never considered an L2 and is never included in the markets’ perceived Ethereum Beta.” He added that a “prominent Polygon Stakeholder” scolded him because he “can’t get Polygon on GrowthPie, which refuses to list the Polygon chain,” and contrasted how Polymarket’s success is credited to “Ethereum” even as “Polygon itself is not Ethereum. Mind-boggling.”

Despite the frustration, Nailwal said he intends to try once more to realign technical and social consensus around scaling: “I’m going to give this a final push that might just revive the entire L2 narrative. Just bear with me for a few more weeks.” He concluded with a qualified defense of the messiness: “Ethereum is a democracy — and in any democracy, people on all sides end up disgruntled. But it’s still the only system that truly works in the long run.”

The thread drew immediate reactions from prominent builders. Andre Cronje — who says he burned “over 700 ETH on deployments and ETH infra” during his Ethereum years — questioned EF’s support priorities outright. “I tried contacting EF, never a response, no BD outreach, no grants, 0 support, not even a retweet,” Cronje wrote. Comparing his experience to Fantom’s Sonic ecosystem, he said he was “confused” to see teams there receive BD support, grants, TVL, audits and marketing, and asked: “If it isn’t the core builders, Peter & geth, and it isn’t the loudest L2 supporters (Sandeep and Polygon), where is it going?”

Tommy Shaughnessy of Delphi Ventures framed the problem as under-compensation of irreplaceable talent. “The Ethereum foundation should be paying its developers like professional athletes.[…] The Ethereum foundation is basically paying people to leave. Top developers should be paid like Pro Athletes.”

Vitalik Buterin Reacts

Buterin responded several hours later with an unusually personal note of appreciation for both Nailwal and Polygon’s contributions, while also offering a technical path forward. “I really appreciate both @sandeepnailwal’s personal contributions and @0xPolygon’s immensely valuable role in the ethereum ecosystem,” he wrote, name-checking Polygon’s role hosting Polymarket, its early and resource-intensive bets on ZK-EVM proving (“bringing in Jordi Baylina’s team”), infrastructure for proof aggregation via AggLayer, and support for “applications that have needed high levels of scalability.”

On the central technical question — whether Polygon can and should harden its security guarantees with modern zero-knowledge proofs — Buterin argued that the market has evolved toward a separation of concerns between L2 operators and ZK-prover specialists.

“It’s very difficult to be both the best L2 and the best ZK team, the two are very different skill sets,” he wrote, citing standalone ZK providers and urging Polygon to “pick up off the shelf ZK tech that has now gotten quite good and apply it to the PoS chain to get full stage 1 and later stage 2 guarantees from the ethereum L1.”

He emphasized how far the economics have moved: “Proving costs are around $0.0001/tx,” and said many L2 teams “are very surprised when I tell them the recent numbers… The latest ZK-EVMs, and live projects like @Lighter_xyz, show that this is false” with respect to the idea that ZK is unviable at hyperscale.

At press time, ETH traded at $3,873.

Руководитель Управления контролера денежного обращения США (OCC) Джонатан Гулд (Jonathan Gould) заявил, что стейблкоины не смогут спровоцировать внезапный отток вкладов из банков.

Анонимный криптоаналитик под псевдонимом PlanB заявил, что курс биткоина достигнет нового пика цены не раньше, чем через два–три года.

Quick Facts:

• 1️⃣ TD Cowen forecasts Bitcoin reaching $141K by December, signalling renewed institutional interest.
• 2️⃣ Bitcoin has rebounded after a record $19B liquidation event, showing strong market resilience.
• 3️⃣ Bitcoin Hyper ($HYPER) brings Solana-level speed and scalability to Bitcoin through its Layer-2, powered by the Solana Virtual Machine.
• 4️⃣ The $HYPER presale has raised $24.4M, with early investors positioning for potential 10x upside if Bitcoin’s rally continues.

Bitcoin has now stabilized its price around $108K after a volatile month. However, analysts at TD Cowen believe the next significant leg up could take it past $141K before the end of the year.

In a note released on Monday, TD Cowen’s research team doubled down on its bullish price target for Bitcoin. They cited resilience in the face of historic volatility.

The firm described the October 10 flash crash (which wiped out roughly $19B in open interest in a single day) as proof that the crypto market is maturing. How? Most exchanges stayed online throughout the chaos and experienced record volumes with minimal downtime.

The mass sell-off was triggered by U.S. President Donald Trump’s confirmation of a 100% tariff on Chinese imports, prompting a global risk-off reaction that sent cryptocurrencies down by more than 10%.

$BTC actually dipped around 15% before recovering most of its losses within 24 hours and closing at 8% lower on the day. Altcoins, however, were a blood bath. Some saw losses exceeding 50–80%.

TD Cowen was positive, labelling the reaction “a textbook show of market depth.” They claim prices were stabilized faster than in previous cycles thanks to institutional liquidity and global demand.

In Japan, digital asset adoption continues to rise, with TD Cowen reporting that there are over 7.9M registered crypto accounts. This is quadruple the figure from five years ago. According to data from Statista, this number is expected to reach 18.69M users in 2026.

The country’s Financial Services Agency is revisiting restrictions on bank participation in digital assets, which signals renewed confidence in the sector.

With institutional backing and global adoption, Bitcoin’s next rally could be explosive. However, this time, the upside may extend beyond $BTC itself into the top trending cryptocurrency.

As liquidity shifts into infrastructure projects that power faster and cheaper transactions, Bitcoin Hyper ($HYPER) is emerging as the best cryptocurrency to watch — Bitcoin’s first true execution layer.

Bitcoin Price in Gridlock – Bulls Eye $122K Breakout

At present, $BTC sits at $108K with key resistance levels at $112K, $115.5K, and $117.6K. A breakout above $122K will likely flip sentiment back to bullish. Support remains firm near $105K, with deeper safety nets at $98K–96K.

Despite lingering macro headwinds, $BTC’s ability to hold its ground after such aggressive liquidations highlights a clear shift in market structure. Institutional accumulation and renewed adoption momentum have laid the foundation for a potential leg higher.

If Bitcoin can break back above $122K, capital will flow toward projects that extend its utility. And that’s where Bitcoin Hyper ($HYPER) fits in — a new Layer-2 designed to give Bitcoin Solana-like speed.

Bitcoin Hyper ($HYPER) Brings Solana Speed to Bitcoin

Bitcoin Hyper ($HYPER) aims to turn Bitcoin from a slow store of value into a fully functional, high-speed ecosystem. It acts as Bitcoin’s execution Layer-2, allowing you to bridge $BTC and use it like never before.

Bitcoin Hyper uses the Solana Virtual Machine (SVM) to allow transactions to be confirmed in under a second and cost almost nothing. Compared to Bitcoin’s own layer, which offers slow transaction speeds and high fees, this is a massive leap forward.

Unlike wrapped tokens or sidechains that rely on custodians, Hyper settles back to Bitcoin’s base chain using zero-knowledge (ZK) proofs, keeping it fully trustless and verifiable.

Follow our step-by-step guide on how to buy Bitcoin Hyper.

This technical edge unlocks abilities Bitcoin can’t provide. You get instant $BTC payments, DeFi lending, meme coins, and even NFTs. Hyper’s interoperability also connects Ethereum, Solana, and Bitcoin within a single ecosystem. This means assets and dApps can move freely across the networks.

The market has noticed. Bitcoin Hyper’s presale has already raised over $24.4M, with the token priced at $0.013145. Our Bitcoin Hyper price prediction forecasts a possible price of $0.15 by the end of the year. That’s more than a 10x from its current price.

Staking yields are up to 49% APY for early participants. The project has attracted numerous large investors, with multiple six-figure purchases occurring in recent weeks as whales bet that scalable infrastructure will outperform Bitcoin.

With the next price increase approaching, $HYPER offers exposure to the same macro forces TD Cowen believes will lift $BTC to $141K — but with far higher upside potential.

Join the $HYPER presale today to be a part of the Bitcoin revolution.

As always, this article is not financial advice. Crypto and presales carry inherent risks. Please do your own research (DYOR) and never invest more than you can afford to lose.

Authored by Aidan Weeks, Bitcoinist — https://bitcoinist.com/bitcoin-price-prediction-could-make-bitcoin-hyper-10x

Ripple’s longtime chief technologist David “JoelKatz” Schwartz has unveiled his first post-Ripple move, saying he will serve as a strategic advisor to Evernorth, an XRP-focused vehicle led by former Ripple executive Asheesh Birla. “XRP community – I promised I’d have an update on my next adventure soon right? Well here’s the start: I’ll be a strategic advisor to Evernorth, helmed by my friend Asheesh Birla,” Schwartz wrote, adding that Evernorth was founded “as a regulated, scalable investment vehicle to tap into opportunities for XRP in DeFi and capital markets, extending the entire XRP ecosystem.” He closed with: “I’m excited to get started!”

The Old Ripple Connection

Schwartz’s announcement arrived alongside Evernorth’s own reveal that it has signed a business combination agreement with Armada Acquisition Corp II to go public on Nasdaq. The combined company is “expected to trade on Nasdaq under the ticker symbol ‘XRPN,’ subject to the satisfaction of the listing requirements,” with more than $1 billion in gross proceeds targeted, including a $200 million commitment from Japan’s SBI. The release says net proceeds will primarily fund open-market XRP purchases, positioning Evernorth as “the largest public XRP treasury company.”

The Birla–Schwartz connection is longstanding. Birla joined Ripple in 2013 and rose to become General Manager of RippleNet, the company’s cross-border payments business, before moving to the company’s board in 2022. On the day he stepped back from his “day job”, Birla wrote: “After ~9 amazing years I’ve decided to wrap up my day job at Ripple. Luckily, I’m not going far as I join the Board of Directors.” In announcing Evernorth this week, Birla said he will step down from Ripple’s board to lead the new venture.

Schwartz’s advisory role at Evernorth intersects with his own transition out of Ripple’s C-suite. Earlier this month, he disclosed that he will step down as Ripple’s Chief Technology Officer at year-end after more than a decade in the role, moving to Ripple’s board and remaining active in the XRP Ledger community. He revealed that he wants to spend more time with family while “not going away from the XRP community.”

Evernorth’s capital-markets blueprint is expansive. The company plans to use its war chest to accumulate XRP and to “actively grow XRP per share over time” by lending to institutions, providing market liquidity and deploying capital into XRP-based DeFi strategies.

The press release outlines complementary ecosystem initiatives—running XRPL validators, using Ripple’s RLUSD stablecoin as an on-ramp to XRP DeFi, and supporting projects across payments, capital markets and tokenized assets—framing Evernorth as both a treasury vehicle and a development catalyst. The company says Ripple will participate as a strategic investor, and that Ripple executives Brad Garlinghouse, Stuart Alderoty and David Schwartz are expected to serve as strategic advisors while Evernorth maintains independent governance.

For XRP’s institutional storyline, the architecture matters. By targeting an exchange listing under “XRPN” and explicitly eschewing a passive ETF wrapper, Evernorth positions itself as an active, yield-generating public company with a balance sheet anchored in XRP. If the deal secures shareholder and regulatory approvals, the parties are aiming to close in the first quarter of 2026, converting non-redeemed AACI Class A shares one-for-one into Evernorth shares at closing.

Schwartz’s phrasing—“here’s the start”—reads like a deliberate tell that his Evernorth role is only the first of multiple XRP-aligned ventures he plans to take on following his CTO transition. He has already confirmed he will remain engaged with XRPL and Ripple at the board level; today’s advisory post adds a capital-markets dimension to that presence.

At press time, XRP traded at $2.42.

Разработчик ядра Эфириума и руководитель группы разработчиков клиента Geth Петер Силадьи (Péter Szilágyi) раскритиковал Ethereum Foundation, назвав сеть «доверенным кругом власти, сосредоточенным вокруг Виталика Бутерина».