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A Chinese national was arrested in Bangkok on Thursday, after police moved on a search warrant tied to an alleged crypto Ponzi scheme that took in more than 100 million yuan — roughly $14 million.

The man, named Liang Ai-Bing, was found living in a three-storey house in the Wang Thonglang district, and officers recovered an unlicensed Beretta pistol with 20 rounds of ammunition at the scene.

Operation And Arrest

Reports have disclosed that Liang and four other suspects set up a platform called FINTOCH between December 2022 and May 2023.

Authorities say the group used mobile apps to attract money from investors. Names linked to the case include Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que and Zuo Lai-Jun.

Based on reports, all five reportedly left the country except Zuo, who was arrested earlier and later released on bail pending trial. At the Bangkok residence, police noted a high monthly rent of 150,000 baht, which is about $4,645.

Crypto Scam: Cross Border Cooperation

Thai and Chinese officials shared intelligence that led to the arrest. Legal steps beyond the detention were not detailed in initial accounts, and it is still unclear whether extradition or formal charges will be filed in either country.

Some details remain missing, such as how many people invested, the exact methods used to promise and pay returns, and whether any of the money has been tracked or frozen so far. The presence of a firearm at the property may lead to additional legal counts being considered.

Evidence And Open Questions

Authorities say the platform operated for roughly six months. How victims were recruited has not been confirmed. Reports have disclosed only the broad outline: an app-based scheme that promised returns and took in more than 100 million yuan.

Investigators typically need to trace transfers, exchange records and crypto wallets to find out how much is recoverable. That work can take months, especially when funds cross borders and move through multiple accounts or currencies.

When arrests happen, they do not always mean victims get their money back. Recovering assets requires frozen accounts, cooperation from exchanges, and court orders in several countries.

Featured image from Unsplash, chart from TradingView

The much-anticipated Solana (SOL) ETF has officially gone live, triggering a wave of excitement across the crypto market. Bitwise’s Solana Staking ETF (BSOL) and Grayscale’s SOL ETF (GSOL) made their debut on U.S. exchanges this week, drawing significant investor interest.

Related Reading: Bitcoin Price To Recover? Here Are Some Developments You Should Be Aware Of

BSOL alone posted over $72 million in second-day trading volume, with total net inflows surpassing $116 million. Combined, SOL ETFs now account for more than $430 million in assets, representing roughly 0.4% of the token’s total market cap.

Yet, despite the record-setting launch, Solana’s price remains muted. After briefly touching $201, SOL slipped back below $195, extending a pattern of post-launch consolidation that has left traders wondering whether the ETF hype has already been priced in.

SOL ETF Momentum Builds Despite Market Caution

The Bitwise Solana ETF stands out not only for its volume but for its staking-enabled structure, offering institutional investors up to 7% annual yields without direct exposure to DeFi mechanics.

Bloomberg ETF analyst Eric Balchunas described BSOL’s launch as “one of the strongest in 2025,” outpacing the Canary Litecoin and Hedera ETFs by a wide margin.

Meanwhile, Fidelity Digital Assets has accelerated its SOL ETF plans by removing the SEC “delaying amendment” from its S-1 filing, allowing automatic approval after 20 days.

This move signals growing regulatory confidence in Solana’s asset class status. Analysts believe this institutional push, alongside expected listings from VanEck and 21Shares, will gradually enhance liquidity and open traditional brokerage access to Solana.

Still, macro factors loom large. Hyblock Analytics noted that “ETF excitement coincides with FOMC week, leading institutions to de-risk temporarily,” suggesting that short-term weakness may mask long-term accumulation trends.

Can SOL Break Free from the $200 Barrier?

Technically, Solana continues to trade within a consolidation band between $188 and $204, with resistance near $207. Momentum indicators such as the RSI hover near neutral levels, signaling indecision.

A decisive hourly close above $200, supported by strong SOL ETF inflows, could trigger a run toward $225 or higher, while a breakdown below $188 risks a retest of $180 support.

Related Reading: Mastercard’s Latest Crypto Move: Exploring Acquisition Of Zerohash For $2 Billion

For now, Solana’s ETF success has validated its institutional appeal, but traders remain cautious. The “sell-the-news” phase may give way to renewed momentum once inflows stabilize and macro pressure eases. As history has shown with Bitcoin and Ethereum, patience often pays when ETF demand outlasts early volatility.

Cover image from ChatGPT, SOLUSD chart from Tradingview

In a CNBC Crypto World interview recorded at Money20/20 in Las Vegas on October 29, Michael Saylor laid out one of his most aggressive public Bitcoin roadmaps to date, putting explicit numbers on what he believes comes next for the asset. “Our expectation right now is end of the year it should be about $150,000,” said Saylor, executive chairman of Strategy. He stressed that this is not just his internal target, but “the consensus of the equity analysts that cover our company and the Bitcoin industry right now.”

Saylor’s Bitcoin Price Prediction

Strategy’s executive chairman described the near-term move as orderly rather than euphoric. He argued that Bitcoin is entering a phase where traditional market infrastructure is muting extreme downside and smoothing price action.

“Bitcoin is going to continue to grind up,” he said. In his view, the asset is stabilizing as institutional liquidity deepens: “The volatility is coming off of it as the industry becomes more structured with more derivatives and more ways to hedge it.” That framing flips the usual Bitcoin story. For Saylor, the driver of the next leg is not retail mania, macro panic, or Fed speculation. It is market plumbing.

From there, he escalated. Saylor said he expects Bitcoin to reach one million dollars per coin on a medium-term horizon and gave a specific timeline. “I don’t know why it won’t grind up to a million dollars a coin over the next four to eight years,” he said. “I would think not less than four, not more than eight.” The language was deliberate: “grind up,” not “blow off.” He is arguing for structural appreciation, not a single mania candle.

Then he extended the arc even further, out past a single cycle and into what he framed as a 20-year monetary realignment. “My long-term forecast is it goes up about 30% a year for the next 20 years, and we’re headed toward $20 million Bitcoin.”

That is not a short-term hype line. It’s a compounding claim. Saylor’s math implies a world in which Bitcoin behaves like a yield-bearing, collateralizable capital instrument and scales gradually across the balance sheets of banks, corporations, financial products, and—crucially in his view—non-human economic agents.

What Will Drive The BTC Price?

Saylor repeatedly tied these price levels to a broader shift: Bitcoin moving from speculative commodity to base-layer collateral for the modern financial system. He argued that the traditional choke points that once capped Bitcoin’s adoption—custody restrictions, lack of bank credit, regulatory hostility—are breaking at the same time.

He said that a year ago, “you couldn’t get a loan against Bitcoin or a loan against wrapped Bitcoin like an ETF like IBIT…from any major bank in the nation.” Today, he claimed, “Bank of America, JP Morgan, Wells Fargo, BNY Mellon… are all beginning to embrace this asset class,” and discussions have started around issuing credit directly against Bitcoin. He projected that by 2026 “major banks like Citi” and BNY Mellon would custody Bitcoin, while firms like JP Morgan would actively lend against it.

He also argued that the political and regulatory front, once the existential overhang for the industry, has flipped into outright sponsorship. “The entire administration has been…very, very positive toward digital assets consistently for the past 12 months,” he said.

He portrayed alignment across multiple agencies and power centers. According to Saylor, “the White House [has been] endorsing Bitcoin as digital gold,” the SEC is saying “we expect that securities will be tokenized on chain and we’re going to support it,” and the Treasury Department is openly backing stablecoins as the future of the US dollar “to be tokenized and exported to the world.” He called the last year “probably the best 12 months in the history of the industry.”

DAT’s And The AI Revolution

In addition to the price path, Saylor delivered headline statements meant to signal scale. He said the corporate balance sheet model he pioneered—what he called digital asset treasury or “DAT”—is no longer exotic. “We were the first in 2020,” he said. “Then there were 10, then 20, then 60, then 120, and now we’re exploding to 250.” He didn’t present that as saturation.

Related Reading: Germany’s Poll-Leading Party Goes Full Pro-Bitcoin

Saylor presented it as the beginning of a structural migration. “We’re going to see 500 companies, then a thousand, then 2,000, then 5,000,” he said. In his view, “every forward-thinking company” will put digital assets on its balance sheet. His analogy was blunt: this will look, in hindsight, like the moment corporations first got electricity, or first launched websites.

He also tied Bitcoin’s long-run demand to machine-scale economic activity. Saylor said we are moving toward an environment where “a billion AIs…are going to want to do business with a billion AIs representing you and me and 8 billion people and 400 million companies.” Those agents, he argued, will not tolerate legacy banking rails.

“They’re not going to have any patience for 20th century techniques…they’re not going to want to wait for a week for a wire to be transferred.” In that world, he said, US dollar stablecoins have become the medium of exchange and will “explode from…a hundred billion…to 250 billion to 500 to a trillion to two trillion…Eventually, I think there’ll be 10 trillion worth of stablecoin moving at the speed of light.”

Bitcoin, in that same model, is not the medium of exchange. It is the treasury asset that underwrites it. “If you want to release something in cyberspace and have it live forever, how are you going to capitalize it? You’re going to load it up with some Bitcoin.”

At press time, BTC traded at $108,584.

Ethereum (ETH) has fallen below the critical $4,000 level amid renewed market uncertainty following comments from Federal Reserve Chair Jerome Powell.

Powell’s indication that the latest 25-basis-point rate cut may be the last of 2025 has fueled caution across both traditional and crypto markets. As a result, the Ethereum price is at slightly above $3,900, marking a 2.2% daily decline, with Bitcoin and other major altcoins also in the red.

The broader pullback saw Ethereum ETFs record $81.44 million in outflows, led by Fidelity’s FETH at $69.49 million. Only BlackRock’s ETHA fund showed resilience, posting $21.36 million in inflows. This shift follows two consecutive days of positive ETF activity, indicating profit-taking and reduced risk appetite among traders.

Institutional Demand Grows Even as the Ethereum Price Weakens

While the Ethereum price slipped, institutional accumulation has intensified. Data shows that institutions now hold 4.1% of Ethereum’s total supply, surpassing Bitcoin’s 3.6% for the first time. Analysts attribute this shift to the GENIUS Act, which provides a clear framework for stablecoin and on-chain finance regulation.

This policy clarity has boosted institutional trust in Ethereum as the backbone of DeFi and tokenized RWAs. Despite the current weakness, many funds continue to add exposure, anticipating Ethereum’s Web3 Dominance.

Technically, the Ethereum price shows mixed signals. RSI sits at 44, and the MACD line remains below the signal line, both pointing to fading bullish momentum.

Analysts caution that if ETH fails to reclaim $4,000, it could revisit support zones around $3,850–$3,750. A decisive close above $4,100, however, may renew bullish sentiment toward $4,400–$4,500.

On-Chain Activity Reaches Record Highs Amid Low Fees

Interestingly, Ethereum’s network fundamentals remain robust even as price momentum cools. On-chain activity has surged to record highs, with daily transactions and unique active addresses breaking all-time records.

Similarly, gas fees remain near historic lows, signaling improved scalability driven by Layer-2 networks such as Arbitrum, Optimism, and Base.

This efficiency milestone showcases Ethereum’s technological evolution, from its proof-of-stake transition to the upcoming EIP-4844 (proto-danksharding) upgrade.

Analysts believe this combination of strong institutional demand and record network usage, despite short-term price pressure, positions the Ethereum price for a sustained recovery once macroeconomic headwinds ease.

Cover image from ChatGPT, ETHUSD chart from Tradingview

Bitcoin (BTC) is struggling to hold the $110,000 support level as price pressure intensifies heading into the final days of the month. Market structure remains fragile following recent volatility, and several analysts warn that BTC could still retest lower demand zones before establishing a stronger base. With liquidity pockets sitting below current price and sellers showing persistence near resistance, short-term downside cannot be ruled out as traders reassess positioning after the Federal Reserve’s policy shift.

However, not all signals point to weakness. Many investors remain optimistic as macroeconomic conditions begin favoring risk assets once again. The Fed’s recent 25bps rate cut and confirmation that quantitative tightening will end by December 1st have laid the groundwork for what some view as the early phase of a new liquidity cycle — historically constructive for Bitcoin’s long-term trajectory.

On-chain data also supports a calmer market environment. Over the past month, the activity of old coins has remained moderate, with long-term holders showing no signs of panic selling. This behavior suggests conviction among seasoned market participants, even as BTC navigates short-term turbulence. Collectively, these dynamics frame a market in transition: tactically cautious, yet strategically positioned for potential upside.

Low ASOL Activity Signals Strong Holder Conviction

According to on-chain insights highlighted by top analyst Axel Adler, Bitcoin’s recent spending behavior among long-term holders remains remarkably stable, underscoring strong market conviction even as price struggles to hold above key support. Adler points to the Average Spent Output Lifespan (ASOL) — a metric that measures the average age of coins being moved on-chain — noting that while there were short-lived upticks to 245 days on October 8 and 209 days on October 21, these signals were far weaker than the heavy long-term holder activity seen in spring and June.

This distinction is important: during those earlier periods, older coins moving signaled meaningful distribution events, often preceding corrective phases. In contrast, the recent mild increases indicate no widespread desire among long-term holders to exit positions. The 30-day ASOL moving average currently sits near 111 days, which Adler characterizes as a structural baseline — a zone consistent with healthy consolidation rather than distribution.

In practical terms, this means seasoned holders remain patient, showing no urgency to take profits, despite macro uncertainty and short-term volatility. At the same time, incoming liquidity continues to absorb supply, as referenced in this week’s Substack commentary. This absorption dynamic is crucial: it reflects a market where available Bitcoin is gradually tightening, enabling price stability even as speculative flows remain constrained.

Collectively, these on-chain conditions suggest a foundational phase rather than exhaustion. As liquidity improves and macro headwinds ease, this quiet conviction among long-term holders could form the groundwork for the next significant leg higher — once demand meaningfully re-accelerates. For now, the market remains calm beneath the surface, a posture historically associated with accumulation phases and future expansion rather than broader distribution or capitulation.

Bitcoin Holds Above $110K But Faces Rejections Below Resistance

Bitcoin (BTC) is trading near $110,100, attempting to stabilize after another sharp rejection from the $117,500 resistance area — a level that has consistently capped upside attempts since mid-August. The 12-hour chart shows a repeat pattern: each move toward the upper range fades near the cluster of moving averages, with sellers stepping in aggressively at resistance and forcing BTC back into its mid-range support zone.

BTC is currently holding above a key demand band between $108,500 and $110,000, an area that previously acted as a pivot during late-September and early-October price action. Maintaining this zone is critical for bulls. A breakdown here would expose Bitcoin to the $104,000–$106,000 region, where price wicked during the October 10 liquidation flush.

On the upside, a structural shift requires BTC to reclaim the 50- and 100-period moving averages on the 12h timeframe and establish a foothold above $114,500. Only then would momentum build for another test of $117,500, with a confirmed breakout opening a path toward $120,000–$123,000.

For now, Bitcoin remains range-bound, caught between macro optimism and lingering supply pressure. With volatility compressing again, the next strong move is likely to come once the market digests recent policy shifts and liquidity flows begin redirecting decisively.

Featured image from ChatGPT, chart from TradingView.com

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

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

Ripple’s Application For A National Trust Bank License

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

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

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

The 120-Day Review Window And What Comes Next

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

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

Hong Kong’s SFC has raised concerns about the rise of digital asset treasuries, companies that put crypto on their balance sheet.

Hong Kong SFC Is Closely Monitoring Crypto Treasury Developments

As reported by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) is keeping an eye on how firms are using crypto as part of their treasury management. The term Digital Asset Treasury (DAT) refers to a public company that acquires and holds Bitcoin or other cryptocurrencies to give stockholders exposure to price movements.

Often, the stock price of such firms trades at a premium compared to their treasury reserves, and this seems to be where the SFC’s concern lies. Kelvin Wong Tin-yau, the regulator’s chairman, noted, “The SFC is concerned about whether DAT companies’ share prices are traded at a substantial premium above the cost of their DAT holdings.”

Wong’s statement comes a week after Bloomberg reported that the Hong Kong Stock Exchange and Clearing (HKEX) blocked a DAT strategy pivot for at least five firms in recent months. HKEX operates the city’s main stock exchange, one of the largest markets in the world.

The bourse operator, which names the Hong Kong Government as its largest shareholder, challenged the plans of these companies, raising compliance issues with rules that prohibit large liquid holdings.

Wong revealed that the SFC is closely monitoring DATs and plans to strengthen public awareness about the associated risks. “We caution investors to fully understand the underlying risks of DAT,” said the SFC chairman.

The DAT strategy was popularized by Michael Saylor’s Strategy (formerly MicroStrategy), which adopted a Bitcoin treasury as its core business back in 2020. The company’s reserves have since grown to 640,808 BTC, worth a whopping $70.6 billion.

The firm paid about $47.4 billion in total to assemble its BTC treasury, so at the current price of the crypto, it’s sitting at a healthy profit of almost 49%. Strategy’s success has unleashed a DAT wave, as other companies rush to replicate the model.

Bitcoin isn’t the only asset that corporates are looking at today; there has also been a rise in DATs focused on Ethereum and Solana. Bitmine owns the largest ETH treasury in the world, containing about 3.34 million tokens, equivalent to $13 billion. While Forward Industries is the king of SOL DATs with 6,822 coins or $1.3 billion in assets.

DATs represent just one route that traders can take for gaining indirect exposure to digital assets. Another path is through the spot exchange-traded funds (ETFs), investment vehicles that trade on traditional exchanges and buy the underlying crypto on behalf of investors.

Demand for spot ETFs appears to be weak right now, however, as according to data from on-chain analytics firm CryptoQuant, the 7-day change in the netflow of the US Bitcoin funds has dropped to a negative value of 281 BTC, which is the lowest since April.

Bitcoin Price

At the time of writing, Bitcoin is trading around $110,000, down around 2.7% over the last 24 hours.

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

Ripple Developers Add Zero-Knowledge Proofs To The XRP Ledger

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

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

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

New Privacy Features And Transaction Types Introduced

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

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

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

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

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

Institutional Activity Reflected In XRP Ledger Network Growth

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

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

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

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

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

Infrastructure Upgrades And ETFs Signal XRPL Institutional Adoption 

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

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

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

Ethereum and Bitcoin continue to lead the broader crypto market, marked by increasing prices, notable Exchange-Traded Funds (ETFs) flows, and growing treasury reserves. While the two leading cryptocurrencies are dominating in these areas, ETH seems to be ahead of BTC in terms of treasury supply.

Ethereum Flips Bitcoin In Treasury Supply

For a long time, Bitcoin, the largest cryptocurrency, has been at the forefront of digital asset-based treasury strategies. However, with the growing adoption and interest in Ethereum via this key initiative, the leading altcoin’s dominance appears to be challenging BTC in this aspect.

In a surprising shift within institutional crypto holdings, Ethereum has officially surpassed Bitcoin in Digital Asset Treasuries (DATs) by total supply. This shift in dominance from BTC to ETH is reported by CryptoRank, a top crypto industry research and on-chain analytics platform.

The milestone, which signals a changing tide in corporate and fund-level confidence, demonstrates Ethereum’s increasing dominance as the blockchain of choice for enterprise-grade apps, smart contracts, and decentralized finance (DeFi). Both retail and institutional investors are largely attracted to ETH due to the network’s robust performance and scalability.

As more businesses look to ETH for its practicality and potential for long-term income, the power dynamics between the top two cryptocurrencies may be shifting. Such a development is highly likely to reshape how digital assets are used, seen, valued, and held by corporate financial companies.

With about 4.1% of its total supply held by institutional or treasury companies, Ethereum has taken the top spot in Digital Asset Treasuries by total supply. Bitcoin treasuries now hold 3.6% of BTC’s overall supply, while Solana is at 2.7%.

More ETH Investors Coming Following The GENIUS Act

According to the on-chain platform, the spike in ETH ownership occurred at the same time as the signing of the GENIUS Act by United States President Donald Trump. The GENIUS Act represents a historic stablecoin law that fortified a regulatory foundation for on-chain finance, a condition analysts believe will be most beneficial to ETH.

Since then, institutional investors have increased the rate at which they are accumulating Ethereum. This steady spike in high-net-worth investors and accumulation strengthens ETH’s position as the core infrastructure asset across the DeFi economy.

Institutional investors are not only stacking ETH and BTC through a treasury strategy, but they also purchase these leading cryptocurrencies via the Spot ETFs. In another post on the X platform, CryptoRank highlighted that the crypto pullback is still lingering as traders go risk-off and perp funding turns negative. However, institutions are showing interest, as evidenced by the BTC and ETH ETFs logging inflows in two straight days.

At the time of writing, ETH’s price was holding $3,900 despite a more than 2% decline in the last 24 hours. ETH’s price may be down, but CoinMarketCap data shows that its trading volume has increased by over 9% over the past day.

According to crypto reporter Eleanor Terret and market expert MartyParty on social media platform X, the Senate Committee on Agriculture is nearing the release of its much-anticipated bipartisan draft related to the commodities aspect of the crypto market structure bill. 

Bipartisan Backing And Upcoming Crypto Bill Rollout

Terret mentioned that some insiders suggest the committee might move forward as early as tomorrow, while others believe final adjustments could delay the rollout until next week. 

Regardless of the exact timing, this imminent announcement, coupled with the resumption of bipartisan negotiations within the Senate Banking Committee, indicates that progress is being made after a period of inactivity.

MartyParty echoed these sentiments, stating that multiple sources are pointing to a potential release on October 31, 2025. This development is seen as a significant step forward after weeks of silence, aligning with renewed bipartisan discussions following recent industry roundtables. 

The Senate Agriculture Committee’s focus on the Commodity Futures Trading Commission (CFTC) is essential for this legislation. If the anticipated bill passes, it could lead to the classification of “digital commodities” and expand CFTC oversight over spot markets and derivatives. 

Additionally, it aims to introduce anti-manipulation measures and establish safeguards for decentralized finance (DeFi), stablecoins, and illicit finance, all while fostering innovation in the sector.

Coinbase CEO Highlights Productive Talks 

In a recent CNBC interview, Coinbase CEO Brian Armstrong highlighted the productive nature of meetings with both Democratic and Republican lawmakers, expressing optimism about the level of cooperation. 

He stated, “We had great meetings with Democrats and Republicans today. There’s strong bipartisan support to get this market legislation done. It’s important for America and for the 15 million Americans involved in crypto.”

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

Bitcoin (BTC) is holding firmly above the $110,000 level after a volatile week defined by macro catalysts and lingering market stress following the October 10 liquidation shock. The US Federal Reserve delivered a 25-basis-point rate cut and confirmed that quantitative tightening will officially end on December 1, signaling a meaningful shift toward a more supportive liquidity environment moving into year-end.

While markets initially reacted with volatility, Bitcoin has shown resilience, stabilizing above a key price zone that traders are closely watching for signs of renewed momentum.

Sentiment remains cautious yet constructive as the market continues to digest the aftermath of the October crash — the largest forced-selling event in crypto history. Although leverage has been significantly reduced, flows are gradually returning to spot markets, and the price structure shows early signs of rebuilding.

Adding to on-chain activity, new data from Lookonchain shows that SpaceX recently transferred 281 BTC (worth roughly $31.28M) to a fresh wallet, marking yet another movement of corporate-held Bitcoin — likely for custody or treasury management purposes.

With macro conditions shifting and on-chain players repositioning, investors are watching closely to see whether Bitcoin can maintain its foothold and reclaim higher levels in the coming sessions.

SpaceX Bitcoin Transfers Spark Institutional Speculation as Analysts Turn Bullish

According to on-chain data shared by Lookonchain, SpaceX has moved its Bitcoin holdings three times in the past 10 days, including a recent transfer of 281 BTC. While the movements appear custody-related rather than exchange deposits, the frequency and size of these transactions have fueled speculation across the market.

Some traders interpret the activity as internal wallet restructuring, while others see it as part of a broader trend of institutional repositioning ahead of what many believe could be a liquidity-driven market expansion phase.

These moves come at a time when macro conditions appear increasingly supportive for Bitcoin. With the Federal Reserve cutting rates and ending quantitative tightening, capital conditions are shifting toward accommodation for the first time since the tightening cycle began. This pivot has strengthened the bullish narrative that Bitcoin may be entering a new global liquidity regime where institutional demand accelerates.

Several analysts argue that BTC is now in one of the most favorable macro environments since early 2020, with long-term holders distributing supply gradually and spot markets showing robust participation.

The October 10 crash forced excess leverage out of the system, resetting positioning while preserving structural demand. That combination — cleaner market structure, improving liquidity, and steady institutional activity — forms the foundation of the current bullish thesis. Analysts point out that corporate entities and large funds tend to make strategic adjustments before major trend shifts become obvious.

While near-term volatility remains possible, the repeated movement of corporate-controlled BTC like SpaceX’s adds to a growing sense that deep-pocketed players are preparing for the next phase of the cycle. If Bitcoin can maintain its footing above key technical levels and liquidity continues flowing back into spot markets, many believe a significant upward expansion could unfold faster than market participants expect.

Bitcoin Holds Above 200-Day MA as Price Consolidates Below Key Resistance

Bitcoin (BTC) is currently trading near $110,200, defending a critical support area after another rejection from the $117,500 resistance zone. The daily chart shows BTC struggling to sustain momentum above the 50-day (blue) and 100-day (green) moving averages, suggesting that short-term sellers are still active around the mid-$110,000 region.

Despite this, price continues to hold above the 200-day moving average (red), a key long-term trend indicator that reinforces the market’s broader bullish structure.

The October 10 liquidation event created a sharp wick into the $104,000–$106,000 range, and since then, Bitcoin has been forming a higher-low structure, signaling a gradual stabilization phase. For bulls, the key objective remains reclaiming the $113,500–$115,000 area, where the 50- and 100-day MAs converge.

Clearing this zone would strengthen bullish conviction and set the stage for a retest of $117,500, a decisive breakout level that could open the door toward $120,000–$123,000.

On the downside, a daily close below the 200-day MA and $108,000 support would weaken the current bias and raise the risk of a deeper pullback toward $104,000. For now, Bitcoin remains in a neutral-to-constructive consolidation, holding key support while awaiting fresh catalysts for its next directional move.

Featured image from ChatGPT, chart from TradingView.com

Ethereum has been revealed to be outpacing Bitcoin in fund holdings growth. This comes as more institutions buy into ETH’s narrative, with there being an increase in the Ethereum ETF inflows since the start of the year. 

Ethereum Outpacing Bitcoin In Fund Holdings Growth

A CryptoQuant analysis revealed a shifting institutional allocation with Ethereum outpacing Bitcoin in fund holdings growth. Recent fund holdings data have shown a notable difference between ETH and BTC in relation to how institutions are allocating their capital. The analysis noted that while both assets have continued to attract long-term capital, the growth pace between them has shifted significantly over the past year. 

Bitcoin fund holdings currently stand at around 1.3 million BTC and have increased by around 36% over the last 12 months. The CryptoQuant analysis noted that this reflects steady but measured institutional accumulation, which is consistent with BTC’s role as a macro reserve and hedge against inflation. The analysis added that the capital entering BTC appears to be stable, paced, and less reactive to short-term market cycles. 

Meanwhile, Ethereum has experienced greater expansion. The total ETH fund holdings are 6.8 million ETH, up around 138% year-over-year (YoY). The CryptoQuant analysis noted that this acceleration aligns with the scaling of spot ETH ETF inflows. It further aligns with the rise in staking participation and Ethereum’s role as the foundation settlement layer for DeFi, tokenization, and layer-2 networks. 

The Ethereum/Bitcoin fund holdings ratio further illustrates the structural shift in institutional allocation. A year ago, the ETH fund holdings were about three times the size of the Bitcoin fund holdings. Now, the ratio is said to be close to five. The CryptoQuant analysis found that this is not just a temporary rotation but a sustained shift driven by differentiated narratives: Bitcoin as a digital monetary asset, and Ethereum as a yield-bearing network infrastructure.  

The analysis stated that the key implication is that institutions now view Ethereum as a core holding rather than a secondary allocation. On the other hand, Bitcoin retains its role as the dominant macro asset, but with a more mature and slower-growing ownership base. The continuation of this divergence in the ETH/BTC ratio is said to depend on ETF lows, on-chain activity trends, and broader liquidity conditions in global markets.

ETH Also Surpasses BTC In This Metric

Crypto research platform CryptoRank revealed that Ethereum has surpassed Bitcoin in digital asset treasuries (DATs) by total supply. ETH is now leading the way with 4.1% of its total supply held by institutional treasuries, followed by Bitcoin, with 3.6% held by DATs, and Solana, with 2.7% held by these institutions. 

CryptoRank stated that the surge in Ethereum holdings among these DATs coincided with Donald Trump’s signing of the GENIUS Act, which regulates the stablecoin industry. Since then, institutional investors have increased their ETH accumulation, positioning ETH as the core infrastructure asset of the DeFi economy.

15-й юбилейный Blockchain Life установил новый рекорд, собрав 16 730 участников из 130 стран.

Власти штата Невада потребовали остановить работу кастодиальной компании Fortress Trust. Отдел финансовых учреждений Невады (FID) объявил, что обнаружил крупную недостачу средств клиентов компании на сумму около $11 млн.

After having a notable run with Bitcoin and Ethereum, the spot Exchange-Traded Funds (ETFs) are taking a shot at Solana in this new phase of the cryptocurrency and financial market. SOL’s foray into the ETFs arena marks a crucial landmark in its market dynamics, which is likely to enhance its potential as a long-term and strategic asset.

A Milestone For Solana As It Steps Into The ETF Arena

Despite its price facing growing volatility, Solana continues to break boundaries and reach new landmarks. The most recent milestone is the introduction of the Solana Spot ETFs, an event that has triggered bullish optimism across the community.

At the forefront of this crucial move is Bitwise, a popular digital asset firm in the crypto space. Bitwise has created history and signaled a key turning point for SOL and its price action by launching the first-ever Spot Solana ETF.

According to Darkfost, a CryptoQuant author, the milestone not only marks a turning point for SOL, but it is also paving the way for the broader altcoin market. With this, institutional investors now have regulated access to SOL’s quickly growing ecosystem, marking a significant step toward the general acceptance of non-Bitcoin digital assets.

Darkfost highlighted that the path to altcoin ETFs has just gotten a little bit broader, with the debut of the BSOL ETF unveiled by Bitwise on October 28. Being the first ever SOL spot ETF in the crypto market, the BSOL is already recording notable capital flows in its early days of launch, ushering in a new phase of diversification within crypto investment portfolios.

Data from the expert reveals that BSOL attracted over $69.5 million in inflows on its first day. This figure also aligns with the available data from Farside Investors. As a result, Bitwise now has 1.358 million SOL in order to meet demand, with a massive 1.098 million SOL inflow occurring on October 28. After the substantial accumulation, the firm’s portfolio is valued at approximately $263.8 million, calculated with an average acquisition cost of $198.1. 

Upon launch, Bitwise revealed that its BSOL ETF would have a 0.20% management fee. However, no fees will be applied during the first few months, and until the first $1 billion in inflows, a figure that reflects Bitwise’s expectation of strong interest and great success for this ETF.

Why SOL Was Selected By Bitwise

Bitwise’s choice of introducing a Solana Spot ETF is not a random pick. The firm’s decision is driven by the fact that SOL remains one of the fastest-growing technology platforms in the world. In the past year, SOL’s usage generated over $2 billion in network revenue, which is more than any other chain in the sector.

As capital markets shift on-chain, Solana, well-known for its low costs and high throughput, has had tremendous adoption in just five years since its inception and is expected to be a significant winner. “We think it’s a rising star and just getting started,” the firm added.

Хакеры взломали сервис Garden Finance, называющий себя мостом для Биткоина и замеченный в отмывании денег. Неизвестные вывели криптоактивы на сумму около $6 млн. Среди похищенных криптоактивов есть WBTC, USDC и USDT, сообщили аналитики Cyvers Alert.

SpaceX moved a fresh chunk of Bitcoin this week, and traders took notice. According to blockchain trackers, the space company shifted 281 BTC on Thursday, a transfer valued at about $31.33 million.

The move came as Bitcoin slid back under $110K following hawkish remarks by Federal Reserve Chair Jerome Powell, and it added fuel to market chatter.

SpaceX Wallet Movements Raise Questions

According to Arkham Intelligence and on-chain sleuth Lookonchain, the transfer was part of a larger set of transactions that saw more than 1,207 BTC leave a wallet linked to SpaceX.

Reports have disclosed that 281 BTC — the unspent portion — was sent to a bc1qmg address, while $19.33 in BTC was routed to Coinbase Prime.

The remaining 927 BTC appears to have been returned to the original SpaceX wallet. Lookonchain reported the move on October 30.

Three Moves, Many Speculations

This is the third time in about 10 days that the company has moved coins. Earlier transfers amounted to roughly $134 million and $268 million.

Based on reports, SpaceX has now shifted close to $450 million in Bitcoin in this short span. Market watchers have offered several possible reasons.

Some believe the shifts are for custody or internal accounting. Others see the activity as a sign the firm is reorganizing how it stores crypto. No official word has been released to confirm those theories.

Musk’s Comments And Historical Context

Elon Musk mentioned Bitcoin publicly on October 14, praising its energy basis after years of criticism about its power use, and that comment has been paired by many with the recent moves.

In 2022, SpaceX significantly reduced its holdings — cutting them by about 70% — after a turbulent period in crypto markets that included the Terra-Luna collapse and FTX’s downfall. Those past cuts still factor into how observers read any current transfers.

Market Reaction And Price Drop

Bitcoin’s price dropped quickly when the transfers became known and Powell’s comments reached traders. BTC fell more than 2% in an hour to about $107K, and was down more than 3% over a 24-hour stretch.

Reports show a 24-hour low of $107,050 and a high of $112,500. Trading volume did not jump much during the sell-off, which some analysts say points to caution among traders rather than a wide panic.

What This Means Going Forward

The facts are clear: sizeable sums moved, and questions remain. Based on on-chain data, the pattern looks like custody shifts rather than outright liquidation, but certainty is lacking without a statement from SpaceX.

For now, traders will keep an eye on large wallet activity and macro signals from the Fed. Those two forces are likely to shape short-term price swings for Bitcoin.

Featured image from Pexels, chart from TradingView

Мемкоин CZSTATUE, запущенный на этой неделе в честь позолоченной статуи основателя крупнейшей криптобиржи Binance Чанпэна Чжао (Changpeng Zhao), за один день вырос на 27 000%, однако потом обрушился практически до нуля.

Специалист отдела по конфискации преступных активов Национального полицейского агентства Австралии (AFP) смог взломать криптокошелек подозреваемого с активами на $6 млн, сообщила комиссар полиции Крисси Барретт (Krissy Barrett).