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Российский бизнесмен и криптотрейдер Роман Новак и его супруга Анна были убиты на арендованной вилле, находящейся в пригороде Хатта в Объединенных Арабских Эмиратах (ОАЭ), сообщило издание «Фонтанка».

Гендиректор компании ARK Invest Кэти Вуд (Cathie Wood) заявила, что вынуждена скорректировать долгосрочный прогноз по биткоину на 2030 год с $1,5 млн до $1,2 млн.

Суд отклонил иск энергетиков, требовавших взыскать 593 000 рублей с заподозренного в майнинге криптовалют дачного кооператива «Поднебесный» в Иркутской области.

Российский государственный банк ВТБ сообщил, что злоумышленники все чаще используют цифровые активы для вывода средств, полученных ими через взломы аккаунтов пользователей в мессенджерах.

Как заявили эксперты, опрошенные изданием NBJ, ключевым бенефициаром от поэтапного внедрения цифрового рубля в финансовую инфраструктуру станет государство.

Blockchain payment company Ripple, expressed support for the concept of a “skinny” Federal Reserve (Fed) payments account tailored for non-banking entities through its chief legal officer, Stuart Alderoty. This account could reportedly address concerns from traditional banks about financial stability and competitive risks.

Ripple Seeks Fed Master Account

In an interview with Reuters, Alderoty described the idea as “attractive” and suggested it could provide reassurance to conventional banks wary of increased competition from lightly-regulated non-banks. 

Ripple had previously applied for a Fed master account back in July of this year, which would enable the company to connect directly to the US central bank’s payment infrastructure, circumventing the need for intermediaries.

The Federal Reserve has historically been cautious about granting access to its payment systems to less-regulated entities, partly due to concerns from banks regarding potential risks to the financial system. 

However, in a notable policy shift, Fed Governor Christopher Waller recently indicated that the central bank is considering a “skinny” master account. 

This account would allow firms to access Fed payment services without offering other key benefits, such as interest payments, overdraft privileges, or access to emergency lending.

Even with these limitations, a “skinny” account could still facilitate Ripple’s ability to quickly convert reserves into its dollar-pegged stablecoin, RLUSD. This direct access to the Fed’s services would streamline transactions and reduce costs associated with relying on bank intermediaries. 

Industry Leaders Weigh In

Alderoty emphasized the importance of redeemability, stating that having access to a master account would provide the most efficient and transparent means to manage US dollar assets and Treasuries.

Waller clarified that the concept remains a prototype and is subject to change. He noted that the intended use of such accounts would be limited, aiming to avoid encroaching on the traditional banking sector’s operations. 

Additionally, he mentioned that these “skinny” accounts could allow crypto institutions access to Fed payment rails on a “streamlined timeline,” albeit without certain advantages like interest on account balances or overdraft options. 

However, Wall Street veteran Caitlin Long, who is also founder and CEO of Custodia, a Wyoming-chartered crypto bank that has long sought a full-fledged master account, expressed caution on the idea of such concepts. 

She pointed out that Waller’s announcement specified that the Federal Reserve’s new program would apply only to “legally eligible entities,” highlighting the importance of the details in the implementation.

At the time of writing, the firm’s associated cryptocurrency, XRP, was trading at $2.22, indicating significant losses in line with the broader crypto market’s current downturn. Over the last 24 hours and seven days, the altcoin has lost 6% and 8% in value, respectively. 

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

В Объединенных Арабских Эмиратах (ОАЭ) убит фигурировавший в делах о мошенничестве с криптовалютой российский бизнесмен Роман Новак и его супруга Анна.

Банк Ганы представил рекомендации для регулирования деятельности поставщиков услуг виртуальных активов (VASP) и создания нового органа, который будет участвовать в надзоре за отраслью.

On-chain data shows XRP has witnessed a huge wave of wallet creation recently, indicating an influx of users has occurred on the network.

XRP Network Growth Metric Has Spiked Recently

According to data from on-chain analytics firm Santiment, XRP has seen a huge spike in its Network Growth recently. This indicator keeps track of the daily total amount of addresses coming online on the blockchain for the first time.

A wallet is “online” on the network when it participates in some kind of transaction activity. As such, the addresses coming online for the first time would be those making their first transaction.

When the value of the Network Growth is high, it means a large number of addresses are joining the network. Such a trend can arise due to a number of reasons. New investors coming into the market and old ones who had sold earlier, making a return, both contribute to a rise in the metric. Similarly, existing users creating multiple wallets for a purpose like privacy also naturally contribute to the indicator’s growth.

In general, an uptick in the metric involves all of these factors simultaneously to some degree, meaning that whenever its value is high, some net adoption of the asset can be assumed to be occurring.

Now, here is a chart that shows the trend in the XRP Network Growth over the last few months:

As displayed in the above graph, the XRP Network Growth has observed a huge spike recently, implying a large number of new addresses have been created on the blockchain.

This uptick in wallet generation came alongside the crash in the asset’s price. In total, 21,595 new addresses made their first transaction for the first time in a 48-hour span, the highest level in 8 months.

Given the timing of the spike, it’s possible that new investors are swooping in to buy the XRP dip. The last time retail adoption occurred at a similar rate was in July.

Back then, retail FOMO coincided with a top in the cryptocurrency’s price. This time around, the asset has actually seen a rebound since the spike occurred, so it only remains to be seen whether the trend will continue.

XRP Price Has Made Some Recovery

Bearish winds have calmed a bit for XRP as its price has climbed back to the $2.3 level from its low on Tuesday. Though on the weekly timeframe, the coin is still down more than 10%.

Interestingly, the low around $2 during the market crash was right at the lower level of the consolidation channel highlighted by analyst Ali Martinez in an X post.

Sharing the chart, the analyst had noted that this $2 lower level could be where XRP can find support. So far, it appears that the line has been holding up.

The Central Bank of Ireland has fined Coinbase $24.75 million (€21,464,734) for breaching anti-money laundering (AML) and counter-terrorist financing (CTF) monitoring obligations between 2021 and 2025.

Coinbase Europe Fined By Irish Regulator

On Thursday, the Central Bank of Ireland announced its first enforcement action against the crypto sector after fining Coinbase Europe Limited, the European arm of the US exchange, for multiple anti-money laundering monitoring failures over the past four years.

According to the announcement, the Irish regulator and the crypto exchange settled on November 5, 2025, resulting in the $35.3 million (€30.6 million) penalty being reduced to $24.75 million after a 30% settlement scheme discount.

Coinbase Europe has admitted the prescribed contraventions and has agreed to the undisputed facts as set out in the Settlement Notice (…). The sanctions have been accepted by Coinbase Europe. The sanctions are subject to confirmation by the High Court and will take effect once confirmed.

Coinbase was fined for “faults in the configuration of their transaction monitoring system” that resulted in over 30 million transactions not being properly monitored over 12 months. As the Central Bank detailed, the value of these transactions amounted to €176 billion, approximately 31% of all Coinbase Europe transactions conducted in the period when the faults existed.

As a registered Virtual Asset Service Provider (VASP) in Ireland, the crypto exchange is required to monitor customer transactions and file a Suspicious Transaction Report (STR) with the national Financial Intelligence Unit (FIU) and Revenue Commissioners if it suspects that any given transaction is facilitating money laundering or terrorist financing.

Nonetheless, Coinbase’s European arm took almost 3 years to fully complete monitoring of the over 30 million impacted transactions, which led to the reporting of 2,708 STRs to the FIU for analysis and potential investigation. The submitted STRs contained suspicions of serious criminal activities, the statement noted.

Colm Kincaid, Deputy Governor of Consumer and Investor Protection, asserted that “to be effective in combatting financial crime, law enforcement agencies rely on regulated financial institutions to have systems in place to monitor transactions and report suspicions. The failure of such a system within any financial institution creates an opportunity for criminals to evade detection – and criminals will take that opportunity.”

“Where system failures do occur, it is imperative that they are reported to the Central Bank without delay so that appropriate actions can be taken to manage and mitigate the risk,” he concluded.

 Coinbase Called ‘Corruption Factory’

Last week, Coinbase also faced scrutiny in the US, after Senator Chris Murphy accused the crypto exchange of participating in President Donald Trump’s alleged “corruption factory.”

As reported by Bitcoinist, the Democratic Senator claimed that the crypto exchange’s donations to Trump’s presidential campaign were part of a political payoff that allegedly resulted in the dismissal of the Securities and Exchange Commission (SEC)’s lawsuit against the exchange.

Coinbase’s CLO, Paul Grewal, and CPO, Faryar Shirzad, refuted the claims, affirming that the Senator’s allegations were misinformed. Shirzad argued that the SEC lawsuits against the exchange and multiple other crypto companies “were part of a grotesque pattern of bullying and abuse of power by the previous chair.”

Meanwhile, Grewal asserted that “What was corrupt was allowing us to go public ‘in the public interest’ and then suing us. What was corrupt was what the Third Circuit held was an arbitrary and capricious denial of our request to get basic rules for crypto.”

It’s worth noting that Coinbase has openly criticized the previous administration’s crypto crackdown, asking for a more welcoming approach and clear regulations. Earlier this year, the exchange filed a Freedom of Information Act (FOIA) request to seek information on the SEC’s spending on enforcement actions against crypto firms during the Biden Administration.

The US Court of Appeals for the Eleventh Circuit has affirmed a district court’s refusal to award a Florida defendant the value of roughly 3,443 bitcoin—now “worth over $345 million”—after the government destroyed an external hard drive he belatedly claimed held the keys, holding that the equitable doctrine of laches bars relief because he spent years denying he owned meaningful cryptocurrency. The published opinion, authored by Judge Elizabeth “Lisa” Branch Grant and joined by Judges Jill Pryor and Marcus, leaves intact the lower court’s ruling that the United States cannot be compelled to replace the bitcoin, even assuming the drive ever contained it.

FBI Not To Blame For 3,443 Bitcoin Hard Drive Wipe

The case, United States v. Prime, No. 23-13776, arose from a 2019 arrest that uncovered extensive counterfeiting and identity-theft paraphernalia. Michael Prime ultimately pleaded guilty to access-device fraud, aggravated identity theft, and illegal firearm possession. In the investigation’s early days, agents tried and failed three times to locate cryptocurrency tied to his activities under federal warrants; by sentencing in June 2020, Prime and his counsel had walked back earlier references to thousands of bitcoin, representing instead that his remaining crypto was trivial. The government proceeded accordingly.

As Judge Grant summarized, Prime “at least three times” represented he owned “very little bitcoin,” and after release he still did not identify any device as holding valuable keys when he sought the return of property. The government followed its “ordinary practices,” wiping devices it could after notice; the rest—including the orange external drive at issue—were destroyed. “Only later did Prime claim to be a bitcoin tycoon,” the court wrote. “By then it was too late.”

Although headlines have centered the FBI, the record shows it was the US Secret Service that contacted Prime in mid-2022 offering to wipe and return certain devices if he provided passwords. He asked for a pickup time, then filed pro se motions instead; none of those filings mentioned bitcoin or a hard drive. The drive was later destroyed with other electronics because Prime refused to cooperate in removing contraband data.

The Eleventh Circuit underscored causation and prejudice: “We have little difficulty concluding that the government would not have destroyed the hard drive if it had thought that it contained millions of dollars in bitcoin.” With the drive gone, “the government cannot return it,” and to the extent the bitcoin ever existed—“and we have our doubts”—ordering the United States to “find and hand over almost 3,443 replacement bitcoin” would be prejudicial “now to the tune of over $345 million.”

The panel was openly skeptical of Prime’s attempts to reframe his disclosures. He argued, for example, that when he reported “$200 to $1,500 in bitcoin” in February 2020, he meant the then-market price of a single bitcoin, not his holdings. “We don’t buy it,” the court wrote, noting that in February 2020 BTC traded between “about $8,500 and $10,500” and that Prime had promised “complete, accurate and truthful” asset disclosures encompassing any asset in which he had “any interest” or control. The opinion quotes defense counsel’s own admission at sentencing that the original claim to “some great amount of bitcoin” was “not supported by the evidence.”

Having affirmed on laches, the Eleventh Circuit did not reach broader questions, such as whether any BTC—if it existed—would have been forfeitable. The court also noted Prime forfeited any challenge to the factual finding that the drive was destroyed by failing to raise it below.

The narrow holding is that equitable relief is unavailable where a claimant’s multi-year denials induced the government to stop searching for assets and to process seized electronics in the ordinary course—conduct the panel repeatedly tied to his non-cooperation and delay rather than to any governmental bad faith. As Judge Grant summarized the district court’s bottom line, “laches barred his bitcoin request. We agree and affirm.”

At press time, BTC traded at $102,825.

Bitcoin has managed to reclaim the $100,000 level after briefly dipping below it earlier this week — a move that triggered widespread panic selling and reinforced bearish sentiment across the market. The sharp selloff liquidated leveraged positions and sent fear metrics surging, but the swift recovery shows that buyers are still active near key demand zones.

According to a new report by CryptoOnchain, the recent market turbulence coincides with a surge in “hot money” flows to Binance. Data from CryptoQuant reveals a notable spike in monthly Bitcoin inflows to the exchange during October 2025, signaling heightened speculative activity. What’s particularly significant is that this inflow is driven almost entirely by “young” coins — UTXOs aged between 0 and 1 day — suggesting that short-term traders and algorithmic participants are dominating recent movements.

This trend highlights a clear uptick in intraday and momentum-driven trading, often linked to volatility and short-lived price swings. While such dynamics can amplify downside risk, they also tend to precede strong market reversals once liquidity stabilizes. As Bitcoin regains footing above the $100K threshold, the market now watches closely to see whether this wave of speculative capital marks the beginning of a broader recovery or just another temporary bounce.

“Hot Money” Drives Exchange Activity, but Long-Term Holders Stay Firm

According to CryptoOnchain, inflows from “young” Bitcoin coins have surged sharply, jumping from roughly $18 billion in September to nearly $26 billion in October. This marks one of the highest inflow levels in the past 12 months, underscoring heightened activity among day traders, speculators, and arbitrage bots. Such behavior typically emerges when markets experience elevated volatility or uncertainty, as short-term participants move assets onto exchanges to position for quick trades.

Historically, sharp increases in exchange inflows often hint at bearish sentiment or potential selling pressure, as traders prepare to take profits or hedge risk. However, the UTXO age breakdown tells a more layered story. Inflows from older coins, typically held by long-term holders (LTHs), remain negligible and close to zero. This divergence indicates that the recent activity is largely short-term in nature, confined to traders reacting to immediate market conditions rather than long-term investors exiting positions.

In essence, while “hot money” inflows could amplify short-term volatility, Bitcoin’s structural foundation remains intact. The core investor base continues holding off-exchange, showing resilience amid market turbulence.

The report suggests that the Bitcoin market is split into two: speculative capital chasing short-term opportunities on one side, and long-term conviction holders quietly standing firm on the other. This balance could determine whether the next move is another shakeout or the start of a new accumulation phase.

Bitcoin Faces Resistance After Brief Recovery

Bitcoin’s 4-hour chart shows a fragile recovery following its sharp decline below the $100,000 level earlier this week. After hitting a low near $98,900, BTC rebounded modestly to $103,000, where it now faces immediate resistance from the 20-day and 50-day moving averages (blue and green lines). These averages have started to slope downward, confirming the short-term bearish trend and capping upside attempts.

The $105,000–$107,000 zone represents the next critical resistance area. A break above this range would likely attract short covering and signal the first signs of stabilization. However, failure to reclaim this zone could lead to renewed selling pressure, with potential retests of $100,000 or even $97,500, a key psychological support level.

Trading volume remains elevated, reflecting ongoing market volatility and uncertainty. While bulls have managed to defend $100K for now, momentum remains weak, and sentiment is still heavily bearish across derivatives and spot markets.

Bitcoin is consolidating within a fragile structure, attempting to build a base after significant liquidations. To regain bullish momentum, BTC must reclaim its short-term moving averages and hold above $107K — otherwise, downside risks persist as traders remain cautious following the recent leverage wipeout.

Featured image from ChatGPT, chart from TradingView.com

• Ripple (XRP) verbindet schnelle, kostengünstige grenzüberschreitende Zahlungen mit wachsender Real-Welt-Anwendung.
• Die Kursgeschichte zeigt starke Schwankungen, zuletzt jedoch eine Konsolidierung mit Potenzial.
• Auf Basis aktueller Nutzungs- und Marktindikatoren lassen sich vage Szenarien für die kommende Zeit formulieren – mit gebotener Vorsicht.

Die Kryptowährung Ripple (XRP) steht im Mittelpunkt vieler Erwartungen – nicht nur als Spekulationsobjekt, sondern vor allem als digitales Mittel für reale Zahlungsflüsse. Während viele Coins auf bloße Kursbewegung setzen, will XRP eine Brückenfunktion im globalen Finanzsystem übernehmen. In diesem Artikel schauen wir erst auf den Nutzen von XRP, dann auf die historische Entwicklung und zuletzt wagen wir eine vorsichtige Prognose, wohin die Reise gehen könnte.

1. Nutzen und Funktion von XRP

Der zentrale Zweck von Ripple liegt darin, Transaktionen zwischen verschiedenen Währungen schneller, günstiger und effizienter zu gestalten. XRP dient als Brückenwährung, um Liquidität zwischen Banken und Zahlungsdienstleistern bereitzustellen. Damit schließt Ripple eine Lücke, die traditionelle Finanzsysteme bisher nur schwer überwinden konnten.

Das XRP Ledger bietet Transaktionen in wenigen Sekunden und mit minimalen Gebühren – ein Vorteil, der besonders bei grenzüberschreitenden Zahlungen relevant ist. Hinzu kommt die Nachhaltigkeit: Im Gegensatz zu Bitcoin oder Ethereum verwendet XRP kein energieintensives Mining. Das Netzwerk validiert Transaktionen über einen Konsens-Mechanismus, der ressourcenschonender arbeitet. Diese technische Effizienz macht Ripple zu einem der umweltfreundlicheren Akteure im Krypto-Bereich.

Zunehmend entstehen auch neue Anwendungen: Neben klassischen Finanzlösungen wird XRP zunehmend in DeFi-Projekten, Smart-Contract-Plattformen und Stablecoin-Konzepten integriert. Dadurch wächst die Relevanz des Coins weit über seinen ursprünglichen Zweck hinaus.

2. Historische Preisentwicklung von XRP

Seit seiner Einführung im Jahr 2012 hat Ripple eine bewegte Geschichte hinter sich. Der Kursverlauf war durch extreme Schwankungen geprägt – von rasanten Anstiegen bis zu tiefen Korrekturen. Besonders 2017 erlebte XRP einen spektakulären Höhenflug, als der Preis über die Marke von drei Dollar stieg. In den Folgejahren folgten teils drastische Rückgänge, die den Markt wieder auf den Boden der Realität brachten.

In den letzten drei Jahren zeigte sich ein stabileres Bild. 2021 profitierte XRP zeitweise vom allgemeinen Aufschwung am Kryptomarkt, fiel danach jedoch zurück und bewegte sich lange um die Marke von 50 Cent. 2025 mit der Wahl von Trump in den USA startete eine Phase des Aufschwungs, in der XRP zwischen 2,20 und maimal 3,40 Dollar pendelte. Aktuell ist Ripple wieder etwas gefallen und pendelt ca. bei 2,30 und 2,50 Dollar. Diese Seitwärtsbewegung deutet darauf hin, dass der Markt aktuell nach einer klaren Richtung sucht.

Ein wesentlicher Faktor in der Kursentwicklung war der Rechtsstreit zwischen Ripple Labs und der US-Börsenaufsicht SEC. Die teilweise positive gerichtliche Entscheidung von 2023 brachte wieder Vertrauen in das Projekt zurück und könnte langfristig den regulatorischen Druck mindern – ein möglicher Grundstein für zukünftiges Wachstum.

3. Vorsichtige Prognose und Ausblick

Die Zukunft von XRP hängt maßgeblich davon ab, ob Ripple seine technologische und regulatorische Position weiter stärken kann. Sollte es dem Unternehmen gelingen, neue Banken, Zahlungsdienstleister und FinTechs als Partner zu gewinnen, könnte sich die Nachfrage nach XRP deutlich erhöhen. Der Ausbau des Netzwerks und die mögliche Einführung neuer Produkte – etwa XRP-gestützte Stablecoins – könnten die Akzeptanz zusätzlich fördern.

Analysten sehen für die kommenden Jahre moderate Aufwärtspotenziale, sofern die allgemeine Marktlage stabil bleibt. Eine Rückkehr zu früheren Hochs erscheint auf absehbare Zeit zwar ambitioniert, jedoch nicht ausgeschlossen, falls sich die institutionelle Nutzung weiter ausweitet. Kurzfristig könnte XRP zwischen 2,20 und 2,80 Dollar schwanken, während langfristig ein langsamer, nachhaltiger Anstieg denkbar wäre.

Allerdings bleibt jede Prognose unsicher: Der Kryptomarkt reagiert sensibel auf politische Entscheidungen, technologische Entwicklungen und wirtschaftliche Trends. Anleger sollten daher Geduld und Realismus mitbringen – und sich bewusst sein, dass Chancen und Risiken eng beieinanderliegen.

Bitcoin Hyper: Technologische Erweiterung in einem zunehmend institutionellen Kryptomarkt

Der Kryptomarkt entwickelt sich rasant weiter – und Bitcoin steht dabei im Zentrum. Immer mehr Banken, Fonds und börsennotierte Unternehmen integrieren Bitcoin in ihre Strategien. Parallel dazu gewinnen auch Ethereum und Ripple durch regulatorische Klarheit und institutionelle Nutzung an Akzeptanz. Diese zunehmende Institutionalisierung stärkt das Vertrauen in digitale Vermögenswerte und sorgt für nachhaltiges Wachstum. Bitcoin Hyper ist so positioniert, dass es direkt von dieser Entwicklung profitieren kann. Es baut auf der bewährten Sicherheitsarchitektur des Bitcoin-Netzwerks auf, die als das sicherste und dezentralste Computersystem der Welt gilt, und erweitert sie um moderne, hochperformante Funktionen.

Technische Brücke zwischen Stabilität und Skalierbarkeit

Bitcoin Hyper nutzt die Solana Virtual Machine (SVM), um die technische Lücke zwischen Bitcoin und modernen Hochgeschwindigkeits-Blockchains zu schließen. Dadurch können Transaktionen in Echtzeit verarbeitet werden – mit extrem niedrigen Gebühren und voller Smart-Contract-Funktionalität. Über eine dezentrale Canonical Bridge werden BTC-Assets sicher zwischen Layer 1 (Bitcoin) und Layer 2 (Bitcoin Hyper) übertragen, ohne zentrale Verwahrung. BTC bleibt dabei vollständig durch das Bitcoin-Netzwerk abgesichert, während Nutzer auf der Hyper-Schicht blitzschnell handeln, zahlen und Anwendungen ausführen können. Diese Architektur verbindet das Beste aus beiden Welten: Bitcoins Stabilität und Sicherheit mit Solanas Effizienz und Skalierbarkeit.

Lies hier eine langfristige Prognose für Bitcoin Hyper!

$HYPER: Der Treibstoff für Bitcoins nächste Evolutionsstufe

Der Token $HYPER bildet das ökonomische Rückgrat des Systems. Er wird für Transaktionsgebühren, Staking und Governance verwendet und ist somit integraler Bestandteil der Netzwerkökonomie. Wenn Bitcoin – getrieben durch institutionelles Kapital und wachsende Marktakzeptanz – weiter an Bedeutung gewinnt, steigt auch die Relevanz von Bitcoin Hyper. Denn mit jeder neuen Welle institutioneller Adaption wächst der Bedarf, Bitcoin nicht nur zu halten, sondern aktiv zu nutzen. Bitcoin Hyper erfüllt genau diesen Zweck: Es transformiert Bitcoin vom reinen Wertspeicher zum voll funktionsfähigen, programmierbaren Finanzsystem – und $HYPER ist der Schlüssel dazu.

Jetzt rechtzeitig einsteigen und $HYPER im Presale kaufen.

The election of Zohran Mamdani as mayor of New York City sent ripples through the cryptocurrency and blockchain communities, raising questions about the future of the city’s digital-asset ecosystem.

With Mamdani securing victory on November 4, 2025, defeating Andrew Cuomo and Curtis Sliwa, the crypto sector is weighing both uncertainty and opportunity in equal measure. This is a major concern for the crypto community, considering that New York is one of the wealthiest cities in the world.

Crypto Community Weighs The Upside And Risks

Although Mamdani is neither a vocal advocate for cryptocurrencies nor an outright adversary, his record suggests tighter oversight rather than unbridled growth. Prior to the election, he supported measures such as a moratorium on proof-of-work crypto mining and co-sponsored legislation to tax crypto transactions.

Notably, prominent industry figures offered tempered responses. Anthony Pompliano cautioned against surrendering New York’s legacy of ambition, asserting that “the city will continue to stand for ambition and opportunity.”

Meanwhile, Scott Melker observed that mayors come and go and that “New York will be fine.” On the other side, voices like crypto advocate Max Keiser predicted economic meltdown, linking Mamdani’s victory to potential deterioration in the city’s financial standing.

What Does It Mean For Blockchain Adoption In New York?

Under the previous administrations, New York positioned itself as a global hub for digital assets. For example, anti-money laundering scrutiny and crypto licenses were advanced under Cuomo’s tenure.

With Mamdani’s win, the city may shift toward stricter regulation and consumer protection over innovation-led growth. For instance, city-level bills such as A7788 (crypto legal fees/fines) and A8966 (crypto transaction tax)are already under consideration.

However, it’s important to note that city administrations have limited power over state and federal crypto law, much of the regulatory muscle lies outside the Mayor’s reach. As such, while the pace of blockchain adoption in New York might slow or redirect, the industry is unlikely to see a full halt.

Broader Political Climate Adds Complexity

Mamdani’s surprising mayoral campaign also drew sharp responses from Donald Trump. The president, who had publicly endorsed Cuomo, warned of funding cuts to New York if Mamdani were elected, calling him a “communist” and suggesting New York could face federal withdrawal of support.

Trump’s remarks targeted Mamdani directly in his speech, further stoking uncertainty. For crypto firms operating in New York, the interplay of city policy, federal posture, and broader political shifts will be critical to monitor.

In sum, Mamdani’s victory creates a new ecosystem for crypto and blockchain in New York, one that may prioritise consumer protection, housing, and affordability over rapid token-driven growth. While this may slow some initiatives, the city’s role as a global financial hub makes a full retreat unlikely.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Ethereum’s price has fallen below $3,400 for the first time since August, but large investors appear to have turned this correction into a buying opportunity. Data shows that whales have been accumulating vast amounts of ETH within a short window. 

The accumulation coincides with Ethereum recording a new network throughput milestone, which adds further strength to the argument that the cryptocurrency is still solid even during the price weakness.

Whales Scoop Up $1.12 Billion Worth Of ETH In 48 Hours

Data from the on-chain analytics platform Lookonchain shows that some Ethereum whale addresses have accumulated a combined 323,523 ETH, valued at approximately $1.12 billion, within the past 48-hour period. 

One of the biggest purchases came from a whale who bought 257,543 ETH, worth about $896 million, at an average price of $3,480 per ETH. Another cluster of addresses, referred to as the “seven siblings” by Lookonchain, collectively added 37,971 ETH worth $133 million at an average price of $3,515.

The data also revealed participation from a whale known for swing trading Ethereum through over-the-counter deals, who acquired 14,004 ETH for about $45.5 million. This address bought these ETH at an average price of $3,247, which was exactly around the recent price low. 

Two newly created wallets also bought 10,000 ETH and 4,005 ETH, respectively, totaling more than $47 million combined. In total, whales accumulated 323,523 ETH at an average price of $3,469, showing how most of them are capitalizing on the price break below $3,400.

Price Weakness Might Be Setting Stage For Breakout

Although Ethereum’s drop might have unsettled some traders, the whale accumulation might be pointing to optimistic days ahead. The large-scale accumulation below $3,400 has contributed to the successful defense of $3,200. This follows the trend of accumulation leading to maintenance of support levels. 

If ETH maintains stability above $3,200 support and on-chain activity continues to climb, then the price could rebound above $4,000 before the end of the month. The first step, however, in this is for Ethereum to reclaim $3,800 and register a strong weekly close above the level.

Interestingly, Ethereum’s network performance has maintained its level of robustness despite the market’s correction. The blockchain ecosystem recently achieved a new record throughput of 24,192 transactions per second (TPS), setting a new benchmark for activity across the network.

Bitcoin has entered a turbulent phase marked by sharp selling pressure and heightened volatility, leading some analysts to label the current correction as a capitulation event. Across the market, investors are realizing losses, while overleveraged traders continue to face liquidation cascades as Bitcoin struggles to find a stable footing. Despite the ongoing drawdown, however, fresh capital continues to enter the market, suggesting that not all players are retreating.

According to CryptoQuant, over the past 30 days, approximately $5.4 billion in cash has flowed into the market. This data highlights a critical divergence: while many short-term traders are exiting at a loss, deep-pocketed buyers appear to be stepping in to accumulate during weakness.

This dynamic underscores the complexity of the current market cycle. On one hand, retail investors and high-leverage participants are capitulating; on the other, institutional and long-term capital is quietly absorbing supply. As Bitcoin hovers near key support levels, this battle between fear-driven sellers and strategic accumulators could define the next phase of the cycle.

Fresh Capital and Macro Tailwinds Could Support a Bitcoin Recovery

Top analyst Axel Adler shared CryptoQuant’s new investors flow chart, which revealed that over the past 30 days, 52,000 BTC were bought at prices above $100,000. Adler interprets this as a positive signal for Bitcoin, suggesting that despite the recent sell-off and rising fear, demand at higher price levels remains resilient.

This kind of buying activity often reflects confidence from institutional investors and large holders who view current weakness as an opportunity rather than a threat. The ability of the market to attract fresh inflows, even amid volatility, indicates that underlying sentiment and long-term conviction remain intact. Historically, similar accumulation phases during sharp drawdowns have preceded major relief rallies once selling pressure subsides.

Adding to the optimism, analysts believe that the upcoming U.S. government reopening could serve as a macro catalyst for recovery. The event is expected to restore market liquidity and reduce uncertainty around fiscal policy, potentially triggering renewed risk appetite across financial markets. Combined with steady on-chain accumulation, these factors could lay the groundwork for Bitcoin to regain momentum and retest the $110K resistance zone in the coming weeks.

BTC Tests Key Weekly Support as Bulls Defend $100K

Bitcoin’s weekly chart shows the asset testing a major support area after one of its steepest pullbacks of the year. Following a sharp drop from $110,000 to below $100,000, BTC is now consolidating around $103,000, just above the 50-week moving average (blue line) — a historically critical level that has often defined mid-cycle corrections.

If this zone holds, it could mark the base for a potential recovery phase. However, a weekly close below the 50-week MA would raise the risk of a deeper decline toward the 200-week MA near $80,000, which hasn’t been tested since early 2023.

The market structure remains neutral-to-bearish in the short term. Bitcoin has repeatedly failed to sustain above the $117,500 resistance — a key level that previously acted as support — indicating that bulls are losing momentum. Volume spikes during the selloff confirm strong liquidation activity, suggesting capitulation among short-term holders.

For sentiment to shift, BTC must reclaim the $110,000–$112,000 range to invalidate the bearish breakdown. Until then, the focus remains on whether buyers can maintain control above $100,000, as that psychological level will likely determine the direction of the next major move.

Featured image from ChatGPT, chart from TradingView.com

The cryptocurrency Solana (SOL) is showing signs of a staged recovery, having rebounded above the $160 mark after dipping to around $150.

The catalyst appears to be a sustained streak of exchange-traded fund (ETF) inflow, the kind of institutional signal that often galvanises momentum. But while the demand story is encouraging, underlying technical and macro challenges mean bulls may still have a fight on their hands.

ETF Inflows Signal Growing Institutional Appetite

Over the past week, U.S. spot Solana-linked ETFs logged seven consecutive days of positive net inflows, accumulating a total of roughly $294 million. On Tuesday, for example, inflows totaled approximately $9.70 million, with major contributions from the BSOL fund ($7.46 million) and GSOL ($2.24 million).

This inflow streak stands in stark contrast to the red-ink performance of Bitcoin and Ethereum ETFs, which together suffered substantial outflows in the same period. The divergence suggests that some institutional capital is rotating toward altcoins like Solana in search of higher-growth opportunities.

The positive ETF flows lend external legitimacy and fresh demand, providing SOL with a firmer base to attempt a rally beyond the $160 zone.

Solana (SOL)’s Technical Picture & Macro Headwinds

Despite the steady inflows, Solana’s technical setup remains uneven. The token is still trading below key moving averages, including the 9-day simple moving average ($175.85), which hints that the bearish control is not yet fully relinquished.

Immediate support lies around $158, with a more substantial floor near $150, a level that recent buyers defended. On the upside, reclaiming $175 (+) would be a meaningful shift, potentially exposing a move toward $180.

However, macro-economic and on-chain headwinds raise caution flags. The U.S. government shutdown, now extending for dozens of days, has caused market uncertainty and depressed the Fear & Greed Index to extreme fear territory (24).

Meanwhile, Solana’s network metrics tell a mixed story. Stablecoin liquidity on the chain has shrunk, signaling possible limits to on-chain demand. Although ETF flows are supportive, momentum remains fragile until broader sentiment and network fundamentals stabilise.

Momentum Hinges on Key Levels

If bulls can defend the $155-$160 support zone and continue to harness ETF inflows, Solana may press toward the $172-$177 resistance zone and possibly test $180. However, failure to hold support around $150 could trigger a deeper correction, with downside risk toward $132 or lower.

In short, the inflow streak is a meaningful bullish input, but it’s not yet sufficient alone to guarantee a sustained breakout. Traders and investors will want to watch whether the demand story translates into a stronger price structure and whether macro risks abate.

Cover image from ChatGPT, SOLUSD chart from Tradingview

Ripple Chief Technology Officer (CTO) David Schwartz has commented on the XRP Ledger’s (XRPL) real value and the network’s focus. He also declared that the XRPL doesn’t trigger rallies for the XRP price but noted that it makes the token more valuable due to its role on the network. 

Ripple CTO Explains XRP Ledger’s Utility And Impact On XRP Price

In an X post, the Ripple CTO stated that the XRP Ledger was designed to provide a fast, cheap, and reliable native token, DEX, and payment system for people who needed those features. This came as he noted that the XRPL was not designed to increase the price of XRP or make it “go up.”

However, the Ripple CTO admitted that greater adoption and use of the XRP Ledger will add value to XRP. He explained that this would happen because of the token’s privileged position on the network. XRP is said to be the only asset on the network with no counterparty that anyone can hold. He added that the token is “ jurisdictionless” and favored by autobridging. 

The Ripple CTO had previously stated that XRP would remain the bridge currency of the XRP Ledger, despite the emergence of the RLUSD stablecoin. He noted that there were several stablecoins, making it impossible for any of them to serve as the bridge currency. Schwartz also indicated that XRP was more dominant than these stablecoins since it is more generally accepted worldwide. 

Meanwhile, the Ripple CTO also addressed those who were concerned about the short to medium-term XRP price action. He stated that he is not convinced that utility matters beyond having a stable, reliable network that ensures XRP remains scarce, fungible, censorship-resistant, and easy to hold and transfer. 

Ripple Adds New Utility For XRPL And RLUSD

In a press release, Ripple announced a collaboration with Mastercard, WebBank, and Gemini to explore the use of RLUSD on the XRP Ledger. The crypto firm stated that the initiative is designed to enable RLUSD to facilitate blockchain-based settlement processes between Mastercard and WebBank, which issued the Gemini credit card. The crypto exchange has launched several credit cards, including one for XRP. 

Notably, Ripple revealed that this initiative will start with the Gemini XRP card, a move that pro-XRP lawyer Bill Morgan believes could boost XRP’s adoption. In an X post, he noted that the number of XRP transactions has increased from a pre-issue baseline since Ripple first issued the RLUSD. He also referenced a community member’s view that Ripple’s new initiative could increase XRP’s transaction volume once the RLUSD settlement goes live on-chain. 

At the time of writing, the XRP price is trading at around $2.34, up over 4% in the last 24 hours, according to data from CoinMarketCap.

As the broader blockchain sector thrives, the Cardano network remains one of the leading blockchains among developers. However, the blockchain appears to have its limits, and a crypto pundit has declared that a full structural reset might resolve this limitation, making it more efficient.

A Rebuild From The Ground Up Is Vital For Cardano

The Cardano Decentralized Finance (DeFi) ecosystem is facing harsh criticism after a crypto pundit, Fallen Icarus, called out the leading blockchain for its core problems. His statement, which was mainly targeting the network’s discrepancy, was shared by Andrew Throuvalas, the co-founder of Charmsdevs.

According to Icarus, Cardano’s current DeFi landscape needs to be rebuilt from the ground up. Revered for his updated model of P2P DeFi, Icarus contends that Cardano DeFi made a mistake by attempting to imitate Ethereum’s “all-in-one” dApp concept, which incorporates all practical capabilities. These include high throughput, liquidity, instantaneous settlement, best price enforcement, and censorship resistance.

As a result of this approach, Andrew Throuvalas believes that the blockchain is facing several core problems, such as excessive cost and poor scaling, but it does not work in practice. Furthermore, he highlighted that the solution focuses on layered scaling, which satisfies more niches.

This is because the approach offers optionality of tradeoffs to users without ultimately sacrificing anything. An example of this is leaving sluggish but censorship-resistant ultimate settlement to a Cardano Layer 1 smart contract. Another is leaving high-throughput use cases to a less censorship-resistant but faster Layer 2 application, such as DeltaDeFi, the first Hydra DEX.

The Model Available In The TradFi Landscape

Throuvalas noted that this model is already operating successfully in Traditional Finance (TradFi). Typically, when a trade is executed, the DTCC, a Layer 1 for TradFi orderbooks, simply updates account balances. Meanwhile, the layer 2s provide every other thing that makes markets generate liquidity, and brokers like Fidelity offer swift trading.

Interestingly, Throuvalas claims that this is the model that Bitcoiners have been focusing on, and no user is attempting to scale on layer 1 or change the Layer 1. Rather, L2s are handling high-throughput applications like lightning, which the Tier 1 CEXs have ultimately embraced despite all of its challenges. Presently, this solution is being actively used for token trades and Bitcoin transfers. 

In this model, layer 1 is not required to tackle every problem at once. Both Bitcoin and Cardano were designed as ultra-secure and decentralized base layers, regarded as the pinnacles of Proof of Work and Proof of Stake security. “Leave room for growth to the L2 solutions. It’s a long road, but the only one that makes sense,” Throuvalas added.

With key updates, Cardano continues to cement its position as a leader in the sector. Crypto analyst LaPetite stated the network quietly concentrates on what is important, such as decentralization, security, reliability, and trust, while many chains pursue trends, TVL, and hype. Currently, the network is the only major chain that has never suffered a serious DeFi hack. According to LaPetite, this is not luck; it is architecture.

Metaplanet Inc. has taken out $100 million in loans against its Bitcoin holdings, hoping to use that money to buy more Bitcoin and underpin operations.

The Tokyo-listed company reportedly executed the loan at the end of October under an existing credit facility, signaling its continued commitment to Bitcoin as a core asset.

More Bitcoins

Based on reports, the borrowing was completed on October 31 and represents roughly 3% of Metaplanet’s total Bitcoin holdings. The firm currently owns around 30,823 BTC, valued between $3.3 billion and $3.5 billion late last month.

The lender’s identity remains undisclosed, though the loan carries a floating interest rate tied to US dollar benchmarks plus an additional spread.

Metaplanet has just tapped a $100 million loan from their credit facility.

This represents about 3% of their Bitcoin value.

I’d imagine it is to prepare for share buybacks at a potential sub 1.0 mNAV…

…or they’re looking to BUY THE DIP!

:) pic.twitter.com/KWe3C7tXtS

— Adam Livingston (@AdamBLiv) November 5, 2025

Balance Sheet Plans And Buybacks

Metaplanet has indicated that the funds will go toward acquiring more Bitcoin and supporting revenue-generating strategies linked to its holdings.

The company also has a ¥75 billion share buyback plan—about $500 million in total. Based on reports, the management believes borrowing against Bitcoin allows the firm to strengthen its position without selling existing assets.

Bitcoin As Treasury Asset

Analysts say the move reflects a growing trend of companies treating Bitcoin as a treasury asset, rather than a purely speculative investment, but it clearly carries risks.

A sharp drop in Bitcoin’s price could reduce the value of the collateral, forcing the company to add more collateral or unwind part of its position.

Although the $100 million amount is a small element of its total value in Bitcoin, critics say adding debt to a volatile balance sheet will create financial stress.

Reports also brought to spotlight how the market value of Metaplanet sometimes retreated below the valuation of the Bitcoin it holds, indicating weaker investor sentiment.

Still, the company continues to explore income-producing plans like Bitcoin options trading to generate returns that are beyond price appreciation.

Deep Trust In Crypto

Market observers are now focusing on how fast the company will put to use the borrowed funds to purchase additional crypto and whether more borrowing will follow.

Changes in Bitcoin’s market price, as well as potential guidance from Japanese regulators, may also impact future decisions.

For now, this $100 million loan is a bold demonstration of Metaplanet’s deep conviction in Bitcoin and possibly sets an example for other firms exploring crypto-backed financing.

Featured image from Unsplash, chart from TradingView